writer's strike: officially affecting me.
Thanks to all for the well wishes about the engagement. I'm utterly slammed at work, so I elected not to just reply to everyone individually with a heartfelt "thanks." If you want to see what I gave John, look here
So the payroll company we use went under. This means my accountant is scrambling to get us paid this week, and will be struggling to get our deposit back. When you process payroll through a company, you have to put down a two week deposit...in case WE go under. Ironic, no?
This article claims that there's no indication that it's related to the writer's strike, and I suppose there's a slim chance that they just frittered the money away, but that's not what the rumors say. Rumors say that the studios don't process payroll when there's a strike so...that's a lot of steady income down the drain. And maybe the studio money was just floating them while they frittered (frittered?) away my paid taxes or whatever, but still.
the article
Axium payroll services firm files for liquidation bankruptcy
The Associated Press
Article Launched: 01/09/2008 12:03:23 PM PST
LOS ANGELES-Axium International Inc., the entertainment industry's third-largest payroll services and accounting firm, filed for liquidation bankruptcy and shuttered its offices in Los Angeles, New York, Toronto and London.
The Chapter 7 petition filed Tuesday in Los Angeles said Axium "lacks sufficient liquidity or other resources" to meet its financial obligations.
Employees were told in e-mail messages that the company had a "liquidity crisis" that forced it to cease all operations, said Randy Klinenberg, chief of Axium's rights-management software unit RightsMax.
"They sent out an e-mail that said everyone needs to go home and not go back to work, because the bank had frozen the accounts and we were no longer in business," Klinenberg said.
There was no indication if the bankruptcy was related to the Hollywood writers strike, now in its third month.
A voicemail message left Wednesday for Axium attorney David Poitras, who filed the bankruptcy, wasn't immediately returned.
Axium vice president Jeff Begun said payrolls the company had been processing were being moved to competitors Cast & Crew Entertainment Services and Entertainment Partners.
"We have worked it out so it will be seamless for clients," he said.
But some of the frozen funds included paychecks for film projects.
Director Charlie Matthau, son of the late Walter Matthau, told Daily Variety that much of the money he was owed on the recently completed movie "Baby O" was frozen.
"I was supposed to go pick up a $75,000 check from the DGA, until they told me there was this problem, that Axium had gone out of business and all the accounts were frozen, " Matthau said.
Axium provided payroll services for the films "Grace Is Gone," "The Savages," "Feast of Love" and "Babel," among others.
So the payroll company we use went under. This means my accountant is scrambling to get us paid this week, and will be struggling to get our deposit back. When you process payroll through a company, you have to put down a two week deposit...in case WE go under. Ironic, no?
This article claims that there's no indication that it's related to the writer's strike, and I suppose there's a slim chance that they just frittered the money away, but that's not what the rumors say. Rumors say that the studios don't process payroll when there's a strike so...that's a lot of steady income down the drain. And maybe the studio money was just floating them while they frittered (frittered?) away my paid taxes or whatever, but still.
the article
Axium payroll services firm files for liquidation bankruptcy
The Associated Press
Article Launched: 01/09/2008 12:03:23 PM PST
LOS ANGELES-Axium International Inc., the entertainment industry's third-largest payroll services and accounting firm, filed for liquidation bankruptcy and shuttered its offices in Los Angeles, New York, Toronto and London.
The Chapter 7 petition filed Tuesday in Los Angeles said Axium "lacks sufficient liquidity or other resources" to meet its financial obligations.
Employees were told in e-mail messages that the company had a "liquidity crisis" that forced it to cease all operations, said Randy Klinenberg, chief of Axium's rights-management software unit RightsMax.
"They sent out an e-mail that said everyone needs to go home and not go back to work, because the bank had frozen the accounts and we were no longer in business," Klinenberg said.
There was no indication if the bankruptcy was related to the Hollywood writers strike, now in its third month.
A voicemail message left Wednesday for Axium attorney David Poitras, who filed the bankruptcy, wasn't immediately returned.
Axium vice president Jeff Begun said payrolls the company had been processing were being moved to competitors Cast & Crew Entertainment Services and Entertainment Partners.
"We have worked it out so it will be seamless for clients," he said.
But some of the frozen funds included paychecks for film projects.
Director Charlie Matthau, son of the late Walter Matthau, told Daily Variety that much of the money he was owed on the recently completed movie "Baby O" was frozen.
"I was supposed to go pick up a $75,000 check from the DGA, until they told me there was this problem, that Axium had gone out of business and all the accounts were frozen, " Matthau said.
Axium provided payroll services for the films "Grace Is Gone," "The Savages," "Feast of Love" and "Babel," among others.