Romance Writers of America files for bankruptcy after tumultuous split spurred by racism allegations


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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The Romance Writers of America has filed for bankruptcy protection following several years of infighting and allegations of racism that fractured the organization, causing many of its members to flee. The Texas-based trade association, which bills itself as the voice of romance writers, has lost roughly 80% of its members over the past five years because of the turmoil. Now down to just 2,000 members, it can't cover the costs it committed to paying for its writers conferences, the group said in bankruptcy court documents filed on Wednesday in Houston. The organization, founded in 1980 to represent and promote writers...