Ondova Bankruptcy: 153,000 Domains. Minimum Bid $4.3m

Wasn't sure where the news section was, but thought this was worth sharing. Apparently this guy was making $1m a month at his peak...now losing it all...

http://www.siteopia.com/blog/ondova-bankruptcy-court-forces-sale-of-153000-domain-names-with-minimum-bid-of-4-3m/5441/

Gary:shock:

 

Interesting, thanks for posting.

 

Yes thanks for the heads up on this.
Nominets timing leaves a lot to be desired judging by this scenario.

 

“The ruling allows liquidation of receivership and bankruptcy assets to resolve all claims, terminate the receivership currently administering the portfolios, and to pay fees owed to 22 different law firms and solo attorneys.“

Reads like, it was in defending various legal 'actions' that has got them into trouble.