.comment-link {margin-left:.6em;}
Tech Bankruptcy
March 21, 2009
  Moving out: Azteca Mobile; Skyward Mobile; North American Scientific; Progressive Games
Mobile virtual network operator Azteca Mobile filed a Chapter 7 petition in Kansas City at the beginning of the month. Azteca sold prepaid phone cards for the Sprint Nextel network, and focused on the US to Mexico market.

Closer to my home, Skyward Mobile, LLC filed a chapter 7 petition in Massachusetts. Skyward built mobile applications, including games, for use on cell phones.

Yesterday, Reuters reported that Progressive Gaming International Corp., which makes technology products for the casino industry, filed a chapter 7 petition. The petition was filed in the District of Nevada. The bulk of its assets were apparently foreclosed on in January.

Are you seeing a trend here? For all you real bankruptcy lawyers, all is not lost.

According to the Associate Press, North American Scientific, Inc., a provider of products and services for cancer treatment, filed a chapter 11 petition in the Central District of California on March 12. The company plans to reorganize.


Labels:

  6:43 AM
Comments: Post a Comment



<< Home
A blog discussing the impact of technology on bankruptcy law and practice.

rss Subscribe to Posts

About Me

My Photo
Name:
Location: Boston, Massachusetts, United States

Warren E. Agin is a partner in Swiggart & Agin, LLC, a boutique law firm in Boston, Massachusetts focusing on the needs of technology companies. Mr. Agin heads its bankruptcy department. The author of the book Bankruptcy and Secured Lending in Cyberspace (3rd Ed. West 2005), Mr. Agin also chaired the ABA's E-commerce and Insolvency Subcommittee from 1999 to 2005, co-chaired the Boston Bar Association's Internet and Computer Law Committee (2003-2005), and served on the American Bar Association's Standing Committee on Technology and Information Services (2008-2011). Mr. Agin currently co-chairs the Editorial Board of Business Law Today. A contributing editor to Norton Bankruptcy Law and Practice, 3d, and co-author of its chapter on intellectual property for the past fifteen years, he is author of numerous legal articles and addresses on topics of technology, internet and bankruptcy law.

ALL POSTS
Moving out: Azteca Mobile; Skyward Mobile; North American Scientific; Progressive Games
ARCHIVES
August 2004 / October 2006 / November 2006 / December 2006 / February 2007 / March 2007 / April 2007 / May 2007 / June 2007 / July 2007 / September 2007 / October 2007 / November 2007 / February 2008 / March 2008 / April 2008 / September 2008 / October 2008 / November 2008 / December 2008 / January 2009 / February 2009 / March 2009 / April 2009 / August 2009 / January 2010 / February 2010 / March 2010 / April 2010 / November 2013 / December 2013 / January 2014 / February 2014 / March 2014 / April 2014 / May 2014 / June 2014 / November 2014 /


Powered by Blogger