Artesian Builds data files for individual bankruptcy with an estimated $1.3M in unfulfilled orders

Final Friday, shuttered custom Laptop maker Artesian Builds filed for Chapter 11 bankruptcy in California with in excess of $3 million in liabilities on its equilibrium sheet, which include an estimated $1.37 million in unfulfilled orders, according to files bundled with the filing. Artesian’s appointed restructuring officer is now seeking purchasers for the company’s belongings, which consist of an estimated $917,595 really worth of inventory. The total estimated value of its assets is $1.27 million.

Artesian Builds collapsed drastically earlier this calendar year, instantly shutting down its functions on March 8 and letting go of around 50 employees in California and North Carolina. Artesian’s insolvency was apparently induced by a wave of refunds pursuing a controversial raffle livestreamed by the firm’s proprietor and CEO Noah Katz, but two ex-workforce who spoke to Pc Gamer under the ailment of anonymity mentioned it was Katz’s long-phrase mismanagement that place the business in this sort of a precarious posture to get started with. 

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