#chapter-7-liquidation

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#sonder #marriott-licensing-deal #short-term-rentals #bankruptcy #restaurant-closures #opa-restaurant-group
Startup companies
fromSFGATE
2 days ago

San Francisco property-tech company, once worth $1.9B, suddenly goes belly-up

Sonder abruptly ceased operations and filed for Chapter 7 liquidation after losing a key Marriott licensing deal, leaving guests and employees stranded.
fromwww.mercurynews.com
1 month ago

Opa! restaurant group files for bankruptcy as company shuts its sites

SAN JOSE Opa! Restaurant Group has filed to liquidate its assets in a move that would trigger a shutdown of all of the chain's remaining restaurants in the South Bay, according to several bankruptcy court filings. The Opa! dining company filed for a Chapter 7 bankruptcy, seeking a court-supervised liquidation of its assets, documents filed Sept. 19 with the U.S. Bankruptcy Court show. The restaurants that filed for Chapter 7 Campbell, Morgan Hill and Santa Clara appear to have shuttered.
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