Featured Book


Lily Robotics Winding Down in Chapter 11; To Refund Deposits

Monday, 06 March 2017 06:32
Rate this item
(0 votes)

Lily Robotics, Inc., a startup company that develops a throw-and-shoot camera that captures pictures and videos from the skies, has filed a voluntary petition under Chapter 11 of the Bankruptcy Code after shutting down its business. The case is pending before the Hon. Kevin J. Carey in the U.S. Bankruptcy Court for the District of Delaware.

Please log in or register to view the entire article

Login to post comments

Featured News

  • Takata Corp. et al. Proposes to Pay $47.4 Million to Key Vendors

    TK Holdings Inc. and other Takata Corp. units that have sought Chapter 11 protection are seeking approval from the U.S. Bankruptcy Court for the District of Delaware to pay $47.4 million of the $118 million owed to various third-party providers of goods and services.

    The Debtors are only seeking approval to pay the prepetition claims of "critical vendors", i.e. vendors, suppliers, service providers, and other similar parties and entities that are essential to maintaining the going concern value of the Debtors' businesses.

    Written on Tuesday, 27 June 2017 02:03 in Latest News Be the first to comment! Read 10 times Read more...