http://af.gog.com/forum/general/bad...ale_filed_for_bankruptcy/page15?as=1649904300
Bad Juju counsel did upload all the require documents for their Ch 7 BK case last Friday 06/12/15. I uploaded the must read documents here from 06/12/15 on the attached picture link.
The new batch includes the amounts they have in assets, the money they own to creditors, and etc. This is very important since this is the first time they enclosed how much they really own to different people/companies and this isn't available on a news website.
Things to look at is Doc 16 Personal Property which they enclose how much funds they have in bank accounts at time of filing, the federal trademarks they own, and how much Desura is worth in their opinion. Doc 17 Creditor Holding Secured Claims is pretty much Creditors holding claims on assets/property. Doc 20 Financial Affairs shows how the money is going in/out of Bad Juju and what they picked up (Desura is listed plenty of times). Doc 21 is the big one, Creditor's Holding Unsecured Non-priority Claims. We all know how behind Bad Juju is in paying developers. Well they list all the developers they claimed they own money to and they list the amount. Tons of tons of pages on that list and a lot of international companies/people on it.
So what will happen on their CH 7 BK case? When reading Doc 16 they do have assets so what will most likely happen is that the case will become a Ch 7A (A for Asset) case where the Trustee of the BK case (the ones who will review everything from Bad Juju and reviewing/handling their financial affairs) will "discover" assets in Bad Juju where they can auction them off (this will include printers, IPs, Desura, stuff that is listed in Doc 16). Proceeds from the auctions will be pay back first to the Secured Creditors and very little if none would go to the Unsecured Creditors. After all the auctions and stuff is done then the BK case would get discharged and debts are wiped out. This is from my personal experience on what happened on these cases in the past.
Information was pulled from PACER which the documents are public information however the service to pull up the documents isn't (PACER is a service).