Monday, October 20, 2014
 

Bankruptcy

Bankruptcy is a legal status of an insolvent person or an organisation, that is, one who cannot repay the debts they owe to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor.

If you consign a work to a gallery, and the gallery goes bankrupt, can the gallery’s creditors reach your work?

Chuck Close Joins Fight Against Polaroid Photo Sale

Former Judge Urges Artists to Stop Sotheby’s Polaroid Sale

 
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