Circuit City Goes Bankrupt, Affiliates Left For Dead?

Circuit City announced today that they will seek bankruptcy court approval to start liquidate its assets. Unfortunately, affiliates who have earned commissions from Circuit City could be left for dead in the process.

Here is what Google had to say about the issue:

Commission
We are working with Circuit City and legal teams to understand the status of commissions.

1. Pre-Chapter 11 filing: We do not have any update on commissions filed through the bankruptcy courts, which are as follows: July, September, October and November 1-9.

2. Post-Chapter 11 filing: We are entitled to dollar-for-dollar payment on all post-Chapter 11 filing, which is as follows: November 10-30, December and January to date. Today’s liquidation announcement does not change this.

It is clear that Google Affiliate Network team will try its best to get affiliates the commissions that they are owned, but nothing is for certain at this point. I personally did not work with Circuit City, but it was obvious from last year that the company was in big trouble. This is a developing story that has the potential to get even uglier. But as bad as all this sounds, one has to fill for 30,000 plus folks who will be losing their job in the process.

Here is the link to the press release by Circuit City.