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Touted as a ‘gaming and geek’ delivery service, Loot Crate steps into still relatively new territory in the subscription box service market by providing a niche service for anyone who considers themselves a gamer or even just a collector. Loot Crate, the fan subscription box service, has filed for bankruptcy with plans to sell off substantially all of its assets to Loot Crate Acquisition LLC and reorganize. Loot Crate and its affiliates filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Wilmington, Delaware . Loot Crate, a leader in fan subscription boxes, announced it has reached a definitive agreement for the sale of substantially all of its assets to Loot Crate Acquisition LLC. To facilitate the transaction, Loot Crate and its affiliates filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Wilmington, DE. Loot Crate files for bankruptcy, wants to sell all its loot. Loot Crate seeks a buyer for its geek box shipping company.

The LA Times reported earlier this week that subscription box company Loot Crate has filed for Chapter 11 bankruptcy. 2019-08-12 2019-08-13 Nerd subscription box firm Loot Crate has filed for Chapter 11 voluntary bankruptcy in Delaware, with an investor stumping up cash to keep the company afloat in the aftermath.. Money Chest LLC has committed "up to $10m" in a bankruptcy loan to keep the firm operating, according to a press release, and has bought all of Loot Crate's assets via the newly-formed Loot Crate Acquisition LLC. So, Loot Crate announces they’ve filed bankruptcy in August and say they have plans to catch up the delinquent orders, while staying on top of current and new subscriptions.

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Following a definitive agreement for the sale of substantially all of its assets to Loot Crate Acquisition LLC The bankruptcy announcement comes after the company laid off 50 employees last week.

Loot crate bankruptcy

The company In a press release released overnight, Loot Crate announced plans to file for Chapter 11 bankruptcy. Reports of financial troubles have been circulating for awhile—including defaulting on a $21 Lincoln Heights based Loot Crate, the worldwide leader in fan subscription boxes, announced yesterday that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing was made in Wilmington, Delaware, the jurisdiction under which Loot Crate Acquisition LLC was created as a company.
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Touted as a ‘gaming and geek’ delivery service, Loot Crate steps into still relatively new territory in the subscription box service market by providing a niche service for anyone who considers themselves a gamer or even just a collector. Loot Crate, the fan subscription box service, has filed for bankruptcy with plans to sell off substantially all of its assets to Loot Crate Acquisition LLC and reorganize. Loot Crate and its affiliates filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Wilmington, Delaware .

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