UK crowdfunding publisher Unbound, which was recently bought in a pre-packaged bankruptcy deal by a new company run by its own executives, has left debts of approximately £2.4 million, according to Printweek. Unbounded defaulted on payments to authors, freelance staff, and vendors since at least 2024. Unbound will make approximately £200,000 from the “sale,” but owes its restructuring team £134,000, leaving just £66,000 total for all creditors. Unbound will also make a small dividend, around 18p per pound, though unsecured creditors are unlikely to see any of it. The company owes 238 authors and agents a total of £657,000 total, […]
