Have obtained a copy of a Celtic Music recording contract and reading it is like wading through mud. I do not know the legal situation regarding catalogues of artists work bought from insolvent companies but the Celtic Music contract contains certain obligations to the artist by this company. The company is obliged to make a statement to the artist every six months detailing record sales, royalties due,etc, royalties to be paid at the rate stated in the contract, this contract is over restrictive in every respect and is weighted heavily agaist the artist. Any artist who finds the terms of this contract have not been met has a strong case in law for the termination of same. Some artists have succesfully taken this course.