Sequencing-based Pathogen ID Firm PathoGenetix Files for Chapter 7 Bankruptcy | GenomeWeb

NEW YORK (GenomeWeb) – PathoGenetix has filed for Chapter 7 bankruptcy in US Bankruptcy Court District of Massachusetts.

Unlike Chapter 11 bankruptcy, which allows a company to reorganize its business while being protected from its creditors, Chapter 7 bankruptcy provides for liquidation and is generally sought when a firm cannot pay its debts and its creditors.

Get the full story

This story is free
for registered users

Registering provides access to this and other free content.

Register now.

Already have an account?
Login Now.