…about Vera Nazarian and Norilana books, because it’s bigger than I thought.
Let’s talk about $170,000 in 2008 and 2009 — and not enough money to pay royalties at the beginning of 2010.
I remembered she’d had a bankruptcy, and when I went to look, I didn’t see the second bankruptcy because of how I searched.
Bankruptcy happens, and I’m not going to judge anyone, including Vera, for taking advantage of it, but two Chapter 7 discharges is unusual. National average for repeat filings is around 8%.
Before you object to divulging of some of the numbers below, remember that this is a public record. You could get the same information I did. There is a point, I’m just drawing circles around it for you to make your own conclusions.
2002: Bankruptcy, Chapter 7, California. Case 1:02-bk-12569-AG
2008: Borrowed $50k for business operation loan from Kevin O’Donnell, Jr. (source: 2012 bankruptcy filing)
2008: Fundraiser ($30k) to save house from foreclosure (which I helped run)
2009: Borrowed another $50k for business operation loan from Kevin O’Donnell, Jr. (source: 2012 bankruptcy filing)
2009: Business income of $41.8k (source: 2012 bankruptcy filing)
So: $50k loan + $30k fundraiser + 50k loan + 41.8k income = more than $170,000. That number excludes business income in 2008 and all other sources of income in 2008 and 2009.
2010: Public statement about Norilana being late in paying royalties
2010: Postponing several anthologies
2010: Business income of $37.4k (source: 2012 bankruptcy filing)
2011: Foreclosure finally happens, then move to Vermont
2011: Business income of $13k (source: 2012 bankruptcy filing)
2012: Bankruptcy, Chapter 7, Vermont. Case 12-10003, debts discharged $158,064.27. Of those, $109,364 is due O’Donnell. Link to PDF of her schedules, which has some information Norilana’s cash flows. Link to her filing, which has more data.
This is interesting:
dba Norilana Books
…yet there is nothing showing any royalties due any authors. They are not on the creditor matrix. They should have been.
2012: Kickstarter to fund one of Vera’s books. Funded about six months after her discharge.
2012: Kevin J. O’Donnell, Jr. dies of metastatic lung cancer. SFWA renames their service award after him.
2013: Eugie Foster announces she has cancer, then, tells people she hasn’t received royalties from Norilana for three years.
2013: Current Indiegogo fundraiser to fund Vera’s next book.
Edited to add: this Indiegogo fundraiser from Aug-Sep 2013 that I had not previously known about.