Ars Technica has released another excellent article in their series on the Amiga. This article covers the beginning of the post-Commodore world, starting with Escom and ending with the beginning of Amiga Inc.
Commodore International declared itself insolvent on April 29, 1994 under Chapter 7 of US bankruptcy law. Ordinarily, this would have been followed immediately by an auction of all the company’s assets. However, Commodore’s Byzantine organizational structure – designed to serve as a tax shelter for financier Irving Gould – made this process far more lengthy and complicated than it should have been.