Anon | Zyan files Chapter 11 BK Friday Confidential sources remaining at Zyan have confirmed that the company filed a Chapter 11 bankruptcy petition in the Downtown L.A. bankruptcy court Friday, Dec. 1. A case number has been assigned.
The pending BK was the reason outgoing Zyan employees were given their final pay in the form of a cashier's check - company checks would have been worthless after the Ch. 11 filing because Zyan's assets would be tied up in the trustee's office.
As you know, bankruptcy proceedings are a matter of public record. Petitions can be accessed online via the Pacer Service Center Web site at »pacer.uspci.uscourts.gov/index.html. You will need a Pacer account, but the cost is only about 10 cents per view. |
