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Another one bites the dust?

gohanvox posted a link on Facebook to this article from ANN about ADV closing down after transferring its assets and intellectual property to several other companies. The article is confusing. It doesn't say whether ADV is going into Chapter 7 or Chapter 11, or whether this is just a quiet going out of business with the creditors getting the useful parts of the company. I hope this doesn't hurt my VA friends' prospects any worse than they already are.

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( 2 comments — Leave a comment )
tokenfanboy
Sep. 1st, 2009 09:59 pm (UTC)
The statement on the ADV website was confusing as well. I'm still trying to figure out from all the legalese who I'll have to contact for permissions now.

I do feel very sorry for all our friends in Houston.
wombat_socho
Sep. 1st, 2009 10:44 pm (UTC)
I do feel very sorry for all our friends in Houston.

Yeah. This can't be good news for them at all.

Edited at 2009-09-01 10:45 pm (UTC)
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