Years of financial woes and the death last April of founder David Poindexter culminated in San Francisco-based publisher MacAdam/Cage filing voluntarily for Chapter 7 bankruptcy earlier this month, after failing to find a buyer since fall 2012. The 140-page filing, agreed upon by the Poindexter estate trustee Emeigh Poindexter on December 20 and filed in Northern California bankruptcy court on January 17, lists nearly $1.4 million in liabilities from unsecured creditors (along with an additional $64,000 from secured creditors) against approximately $130,000 in assets, the vast majority of which is book inventory stored at a space operated by Publishers Storage […]
