Arizona Based One-Stop Dexter Sales Declares Bankruptcy

Sources within the organization have confirmed that Arizona based one-stop Dexter Sales has declared bankruptcy. According to employees of the organization, the owner of Dexter Sales is Taylor Coleman, who owns the Castle Boutique chain

No one at Dexter Sales was willing to go on record regarding the companies plans, and calls placed to top executives were not returned.

It's is not clear if Dexter Sales was part of the Chapter 11 filing for Castle Boutique earlier this month or not, or even if Dexter was an entirely separate company, or a name that Castle Boutique did business under.

David Wiseman, sales manager from Freedom Distribution, was told by Irwin, an employee of Dexter Sales, that the one-stop had filed for bankruptcy of March 5. Freedom had not been notified by the court that Dexter had filed for bankruptcy, which Wiseman found odd.

"We haven't received anything. Normally when somebody files they have to notify all creditors," Wiseman told AVN.com. "It's been two weeks. You'd think we would have received at least a letter."

Wiseman reports having trouble collecting from Dexter since July 2002. In January he received a letter that suggested that Dexter was facing difficulties from anti-porn activists, and asked for more time to settle their accounts. " It was either a marvelous deception or it was very sincere and they couldn't make good on it. I don't know what to believe," said Wiseman.

Sources in the industry suggest that Dexter and Castle are the same organization. "That's the impression I was under," said one sales manager who dealt with the company, but asked to remain anonymous. " I thought Dexter was Castle an vice versa. They were widely regarded as the kings of the 'nsf' checks." 'Nsf' is an acronym for non-sufficient funds.

An employee at Internet Fullfilment, LLC, which is also owned by Taylor Coleman, confirmed that Dexter Sales had filed for Chapter 11, not Chapter 13. Chapter 11 filings indicate that the company is attempting to restructure, not close down completely.