finally, Sex.com Cancel to Auctions

Internet Domain estimated selling price will be very high, Sex.com, auctioned off as planned, Thursday (18/3/2010) at New York, USA. This happens because the company that owns the site sued for bankruptcy by three creditors, Wednesday (17/3/2010).

The lawsuit was posted by bankrupt Washington Technology Associates, Inc. iEntertainment, and the claim has AccountingMatters.com receivables 10.1 million U.S. dollars over Escom LLC, the owner of the site. All three bankruptcy petitions deliberately in order to register domain addresses will not be auctioned.

According to the law in the U.S., the company had 20 days to answer the bankruptcy petition posted to him. Once the petition is registered to the court, the company's assets should not be taken over the debtor so tender as could be foiled.

Escom LLC reportedly bought a domain name Sex.com between U.S. $ 12 million and 14 million U.S. dollars in 2006 from Gary Kremen, who registered the first owner of the name since 1994. Funds for purchasing domains derived from loans given DOM Partners LLC and its creditors are.

Escom has failed to complete year loan so the DOM Partner proposed confiscation of assets. DOM Partner Sex.com then plans to auction off the opening price of U.S. $ 1 million through Maltz & Co. Inc. in New York.