California Bankruptcy Court has cleared Ced Singleton and Black Market Records of all debt and legal obligations to all of the titles that were included in the bankruptcy from 2005 at the very end of 2015. The Black Market Records bankruptcy case of 2014 was settled and finalized in 2016 with debtor, lawyers, and judges in court. Ced Singleton settled with the debtors and the lawyers out of court as well. The bankruptcy case is now officially closed.
To recap, on the date of 11/22/2014, Ced Singleton filed for Chapter 7 bankruptcy and Chapter 11 bankruptcy for his Black Market Records business. The case was taken to California Eastern Bankruptcy Court at that time. The motion to dismiss was denied without prejudice by the judge. Trustee Cedric Singleton asked the court to dismiss this bankruptcy case. California Bankruptcy Court cleared Black Market Records of all debt and legal obligations to all of the titles that were included in the bankruptcy from 2005. Ced Singleton settled with the debtors and the lawyers which closed the bankruptcy in the year of 2015.
Ced Singleton never added William Larcell Charles as a creditor to the Black Market Records bankruptcy because he wasn't named in the publishing. They never signed no agreements or contracts. Ced kept him out of everything. In other words, William Larcell Charles was blackballed by Ced Singleton and Black Market Records. Ced Singleton still owes William Larcell Charles publishing royalties for which he never rightfully received. He claims he never saw any royalty checks from either party.
X-Raided and Ced Singleton still owe William Larcell Charles mechanical royalties and publishing royalties for the X-Raided - Xorcist album. Publishing rights from BMI mandated LA Chill be paid both mechanical royalties and publishing royalties. Black October (BMI) never paid LA Chill. He claims he never saw any royalty checks from either party regarding work from the X-Raided - Xorcist album.
William Larcell Charles lawfully owns the full copyright to the X-Raided - Xorcist album as he owns the Xorcist reel to reels to this day for which he clearly maintains. He owns portions of publishing for the Xorcist album in a legal sense. X-Raided owns his lyrics regardless of the copyrights involved for this case. They never signed no agreements or contracts for the Xorcist album at the time. He rightfully owns full copyright to the X-Raided - Xorcist album.
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