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CNET Founders Bankruptcy Thrown Out Over Missed Deadline

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Halsey Minor, the CNET Networks Inc. founder who filed for bankruptcy last month—five years after selling the company for $1.8 billion—lost access to court protection after missing a deadline for handing in documents, Bloomberg News reported today. The personal chapter 7 bankruptcy case was dismissed yesterday by a bankruptcy court over a “failure to file schedules, statements and/or plan,” according to an order posted in the online docket for the case. The documents include detailed lists of assets and explanations of a debtor’s state of affairs, which are required by judges. The June 7 deadline was missed by a few days and the documents were filed this week, David Shemano, Minor’s lawyer with Peitzman Weg LLP in Los Angeles. Minor will seek to have the case reinstated, Shemano said, adding that such requests are routinely granted. Minor filed the bankruptcy petition on May 24, listing assets of as much as $50 million and debt of as much as $100 million.