JDI Data Corp., a software firm based in Fort Lauderdale that specializes in claim, policy, and client management software, has filed for Chapter 11 bankruptcy protection and is closing its office. The firm filed for bankruptcy on Feb. 17 in the U.S District Court for the Southern District of Florida. According to court documents, the … Read more
LexaGene Holdings Inc., a biotechnology company that was based at the Cummings Center, has filed for Chapter 7 bankruptcy in Boston, after being unable to secure the necessary funding to continue operations. The company has ceased operations and laid off its staff. LexaGene’s founder and CEO, Jack Regan, invented a system that detects biological contaminants, … Read more
Avaya, the unified communications company, has announced that it is filing for Chapter 11 bankruptcy protection for the second time. As part of the process, the company has agreed a deal with its creditors, with the restructuring plan receiving “overwhelming support” from over 90% of secured lenders. The plan will slash $2.6bn of debt from … Read more
Window Select LLC, a Menomonee Falls-based window and door installation company, has filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Milwaukee. The company listed assets of $100,000 to $500,000 and liabilities of $1 million to $10 million in the filing. The company has faced numerous lawsuits from customers who claim to have paid … Read more
Emergent Fidelity Technologies is a holding company of Sam Bankman-Fried.
Invacare Corp. and two of its subsidiaries in the United States have filed for Chapter 11 bankruptcy protection in Texas. The Elyria, Ohio-based medical equipment manufacturer and distributor has already reached a “restructuring support agreement” with nearly all of its debt holders, the company announced on Wednesday. Such agreements typically include an agreed-upon framework for … Read more
Bed Bath & Beyond (NASDAQ:BBBY) appears to be on the verge of bankruptcy, with a 10-Q indicating insolvency and subsequent reports indicating a lack of interested buyers for its assets. According to Bloomberg, Bed Bath & Beyond (BBBY) has been unable to find a buyer to help it avoid bankruptcy, putting a Chapter 11 filing … Read more
Rockley Photonics, a wearable sensor company with high-profile partnerships with Apple and Medtronic, filed for Chapter 11 bankruptcy this week, after months of falling stock prices and mounting debts. According to an 8-K filing (PDF) with the U.S. Securities and Exchange Commission on Tuesday, Rockley asked to be allowed to proceed as a “debtor in … Read more
The bankruptcy of Lakeside Produce Inc. in Leamington, Ontario, will shake the produce business in North America. The firm is facing a total of $187,889,241 in claims. Lakeside’s assets are valued at $3,580,233. The bankruptcy petition was filed on January 17. The Dispute Resolution Corporation in Ottawa provided its public data on this astonishing development … Read more
Serta Simmons Bedding has filed for pre-arranged bankruptcy in Houston, Texas, in order to reduce company debt from $1.9 billion to $300 million and settle legal claims. The bedding manufacturer intends to achieve this by converting old loans into new loans and exchanging other debt for equity. Meanwhile, the company is running regularly, but it … Read more