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**SEX.COM** Auction Cancelled **
Just saw this...seems the sex.com domain adventure continues......
The Sex.com foreclosure auction that had been scheduled for Thursday (March 18) has been cancelled. The move came after creditors of current Sex.com owner Escom, LLC filed an involuntary Chapter 11 bankruptcy petition against Escom today in the United States Bankruptcy Court for the Central District of California (San Fernando Valley Division).
A press release says the petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders. The filing will stay the public auction foreclosure proceedings which petitioners believe would have diminished the value of Escom's assets. With the fate of Sex.com now in court, it will likely be some time before the domain's future is determined.
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