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It's no surprise that Bolt.com, the troubled video site brought down by a copyright lawsuit and eventual $10 million settlement it couldn't hope to pay, is now resting in peace. The company quietly filed for bankruptcy on Tuesday, and users have just been informed via this message posted to the homepage:
Please be advised that the operations of Bolt, Inc. and Bolt.com have ceased. Net Revolution, Inc. and Bolt, Inc. have executed an Assignment for the Benefit of Creditors effective as of August 14, 2007. Please direct any creditor related questions or comments to the Assignee's office.