🧬New Chapter 11 Bankruptcy Filing - GenapSys Inc.🧬

On July 11, 2022, CA-based GenapSys Inc. filed a chapter 11 bankruptcy case in the District of Delaware (Judge Shannon). It listed $10mm-$50mm of estimated assets and liabilities on its bankruptcy petition and also lists Lazard Frères & Co. LLC ($LAZ) as its investment banker — which is a laughable commentary about the state of the restructuring market …