Connect with us
AfterShock Comics files for Chapter 11 bankruptcy after lender files court action

Comic Books

AfterShock Comics files for Chapter 11 bankruptcy after lender files court action

Late yesterday it was revealed AfterShock comics has filed for Chapter 11 bankruptcy. The news comes as somewhat of a surprise, given new film deals are in the works for Party & Prey and The Normals, but there have been some major changes of late that might have hinted at business issues internally. That includes AfterShock Editor-in-Chief Mike Marts leaving the company in October, as well as rumblings from comics creators that the company was having issues paying artists.

It’s being reported the filing was in response to a state court action filed by the lender with a reported $10-50 million in assets along with $10-50 million in liabilities, aka debt. This news doesn’t mean AfterShock is going away just yet, as Chapter 11 typically means the company is reorganizing assets to stay alive.

Listen to the latest episode of our weekly comics podcast!

Again, this news is surprising given the growth of AfterShock in recent years. A little over two years ago, AfterShock and Rive Gauche formed a global distribution company called AfterShock Media. A year later, AfterShock created the YA imprint Seismic Press, further developing new series. In fact, the company never had a month without a comic published or a new series being announced.

As of this writing, AfterShock has not released a statement to the press or via social media.

AfterShock Comics files for Chapter 11 bankruptcy protection

Join the AIPT Patreon

Want to take our relationship to the next level? Become a patron today to gain access to exclusive perks, such as:

  • ❌ Remove all ads on the website
  • 💬 Join our Discord community, where we chat about the latest news and releases from everything we cover on AIPT
  • 📗 Access to our monthly book club
  • 📦 Get a physical trade paperback shipped to you every month
  • 💥 And more!
Sign up today
Comments

In Case You Missed It

sundance film festival sundance film festival

[Sundance ’23] ‘Infinity Pool’ review: Grotesquely beautiful and hedonistic ride

Movie Reviews

X-Men Monday #189 - Benjamin Percy Talks 'X-Force', 'Wolverine', and 'Ghost Rider/Wolverine: Weapons of Vengeance' X-Men Monday #189 - Benjamin Percy Talks 'X-Force', 'Wolverine', and 'Ghost Rider/Wolverine: Weapons of Vengeance'

X-Men Monday #189 – Benjamin Percy Talks ‘X-Force’, ‘Wolverine’, and ‘Ghost Rider/Wolverine: Weapons of Vengeance’

Comic Books

Marvel Preview: Scarlet Witch #2 Marvel Preview: Scarlet Witch #2

Marvel Preview: Scarlet Witch #2

Comic Books

Psychic predictions: stunning research results revealed Psychic predictions: stunning research results revealed

Psychic predictions: stunning research results revealed

Pop Culture

Connect
Newsletter Signup