On January 8, 2012, Acartha Group, LLC ("Acartha") and Two Affiliates (Acartha Technology Partners, L.P. and MIC VII, LLC) Filed Voluntary Petitions for Relief Under Chapter 11 of the Bankruptcy Code

Posted on January 9, 2012 by Morris James Delaware

Acartha Group LLC and Two Affiliates File for Chapter 11 Protection.

According to the petition, Acartha estimates its assets between $0 and $50,000 and its liabilities between $1 million to $10 million. Later that day, Acartha filed an amended petition revising the creditor list and signature pages. 

The Acartha case has been assigned to Judge Brendan Linehan Shannon under case number 12-10123.  Acartha Technology Partners L.P. and MIC VII, LLC have also been assigned to Judge Shannon and are being administered under case numbers 12-10124 and 12-10125, respectively.  No first day motions or affidavits have been filed and there are no pending motions to consolidate the three cases.

 

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