A1 Books - Down for the Final Count
A1 managed to win a reprieve, that is, a conversion from Chapter 7 to Chapter 11, where a company is allowed to attempt to reorganize itself, in June. At the time, Mr. Gupta issued a statement indicating this was a positive development, but apparently the company could not come up with a reasonable financing plan. By July, the company was back to Chapter 7, leading to the auction in September of its inventory and equipment. For A1, which survived the great internet collapse of 2000 (remember Pets.com and its ubiquitous sock puppet spokesdog?), another decade was not to be.