Baltimore-based meal kit company, Terra’s Kitchen, has filed for chapter 7 bankruptcy. The company’s bankruptcy petition listed its assets at just over $15,000, while its debts are nearly $20 million. The company is ceasing operations after struggling to raise capital. The company also recently settled a class action lawsuit with California customers because of subscription disclosures. The company was ordered to pay more than $100,000 to Baltimore’s Jellyfish Online Marketing in a separate case.
If you are thinking about filing for bankruptcy and would like to speak to an attorney, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.