Music123 Screws Affiliates
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Just had this nice letter land in my mailbox…Dear Music123 Affiliate,
I wanted to inform about what’s been going on here at Music123. If you haven’t caught the news of late, Music123 / Woodwind & Brasswind filled for Chapter 11 bankruptcy the end of November and entered into what is called a 363 Sale Process. The 363 Sale process is a well accepted sale process designed to maximize the value of Music123 for the benefit of its customers, employees, creditors and shareholders.
Music123 will be operating in the ordinary course of business during the sale process, and will have the ability to satisfy its post-petition indebtedness. This means we will make payment on any commissions credited to you December 1st forward.
In light of the filing for Chapter 11, the company is prohibited by law from paying debts which arose prior to filing for Chapter 11. Unfortunately this means we will not be able to pay the past commissions due for October and November. The payment of those funds will be handled by the courts.
Two months of PPC down the hole. Sometimes we need to start paying more attention to the financial stability of the companies in our affiliate programs. Hopefully this one will work out in the end.
- You Might Also Enjoy:
- Back In Action, Canada, And Mosquitoes
- Clickbooth [ALLEGEDLY] Likes To Attack Their Affiliates
- Friday Tea Time - 4/16/07
No Comments »
RSS feed for comments on this post.
