It ultimately comes down to if they file for bankruptcy, how they handle said filing of bankruptcy if they do, and how they handle their buyout if they don't. (I can all but guarantee someone will buy them out if they are going down.)
If they file for bankruptcy, ideally there will be a settlement to make sure any author money in their system gets handed out to the proper people. Of course, it could get lost in legal snafus, meaning this payout could take months, if not years, to work its way out.
If they get bought out, that company will take care of handling the bills, regardless of if they liquidate the company assets or keep running them in some form. (It will probably be a combination of the two.) How that would work out...only time can tell.
If they file for bankruptcy, ideally there will be a settlement to make sure any author money in their system gets handed out to the proper people. Of course, it could get lost in legal snafus, meaning this payout could take months, if not years, to work its way out.
If they get bought out, that company will take care of handling the bills, regardless of if they liquidate the company assets or keep running them in some form. (It will probably be a combination of the two.) How that would work out...only time can tell.