UBiome's Ch. 7 Case Conversion Approved In Del.

Law360, Wilmington (October 10, 2019, 6:09 PM EDT) -- Fecal testing firm uBiome Inc. received court approval Thursday in Delaware for its request to convert its bankruptcy case to a Chapter 7 liquidation after its post-petition funding fell through in the face of creditor objections.

During a hearing in Wilmington, debtor attorney Joseph M. Mulvihill of Young Conaway Stargatt & Taylor LLP said that in the week since the company last appeared before the court, it has taken steps to wind down its operations and tie up loose ends, but its cash constraints still required conversion.

“The debtors believe conversion is in the best interests of the estate because it...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!