Invitae Can Use Cash Collateral For Speedy Ch. 11

By Emily Lever · February 15, 2024, 8:27 PM EST

Bankrupt genetic testing company Invitae Corp. on Thursday got the approval of a New Jersey bankruptcy court for routine first-day motions as it moves toward a planned April auction of its...

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Bankruptcy Scorecard

Summary

California-based genetic testing company Invitae Corp. has filed for Chapter 11 protection in New Jersey with nearly $1.5 billion in debt and what it said is an agreement with senior noteholders to seek a buyer.

Case Number

3:24-bk-11362

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$1,482.5 million

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