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Count Me In Corporation
Count Me In Corporation Forced Into Involuntary Bankruptcy
February 15th, 2009
Count Me In Corporation (CMIC) announced it was unable to prevent an involuntary Chapter 7 bankruptcy petition and expects the court to appoint a trustee to take over the online registration and league management software company and handle liquidation of its assets. On January 8, three Alaska-based sports club clients asked the Federal Bankruptcy Court to take over CMIC's operations on January 28 unless the eight-year old organization could show it was paying its obligations as they became due. Those clubs are among 220 clubs and organizations across the country that CMIC owes about $5 million in outstanding online registration fees. "We've been...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-15)
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