Blog

Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate

Today, Neurologix Inc. announced it was liquidating by filing Chapter 7 bankruptcy. Neurologix is a clinical stage developer of gene therapies for brain disorders and central nervous system problems. The New Jersey-based company listed assets in the bankruptcy filing of $1.2 million and debt of $12.9 million. The Chapter 7 bankruptcy will allow the company to liquidate their assets while being protected from their creditors by the automatic stay. The company currently has been working on programs to address conditions from Parkinson’s disease, epilepsy, Huntington’s disease and even depression.

In the bankruptcy filing, the Chapter 7 bankruptcy documents showed the company is owned by Corriente Advisors LLC with a 23% stake, General Electric Pension Trust with a 20% stake, Palisades Private Partnership LP with a 12% stake, DaimlerChrysler Corporation LLC Master Retirement Trust with a 7% holding and Atec Trust with a 6% stake.

It didn’t come as much of a surprise to see Neurologix filing bankruptcy because of posting consistent losses in recent earnings. The stock had a 52 week high of a $1.01 and today closed at $.02 after announcing it was filing for bankruptcy under Chapter 7. In today’s economy, it’s become very common to see small companies filing bankruptcy but usually under Chapter 11.

14 Responses to Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate

  1. says:

    A better magazine theme will make the blog looks nicer:)

    Reply
  2. says:

    I loved up to you’ll obtain performed right here. The cartoon is attractive, your authored material stylish. nevertheless, you command get bought an nervousness over that you want be turning in the following. in poor health for sure come more formerly again since precisely the similar nearly a lot frequently inside case you shield this hike.

    Reply
  3. says:

    Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate | I was recommended this web site by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are amazing! Thanks! your article about Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate |Best Regards Agata

    Reply
  4. says:

    Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate | I was recommended this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my problem. You are incredible! Thanks! your article about Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate |Best Regards Rolf

    Reply
  5. says:

    Hey There. I found your blog using msn. This is a very well written article. I’ll be sure to bookmark it and come back to read more of Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate | . Thanks for the post. I’ll definitely return.

    Reply
  6. says:

    Fantastic put up admin! i bookmarked your website webpage. i will appear forward in case you can have an e-mail number adding.

    Reply
  7. says:

    I enjoyed your rich article. excellent work. I hope you write many. I will carry on reading

    Reply
  8. says:

    Exceptionally cool web site! Thanks a lot for taking the time to generate this unique blog post!

    Reply
  9. says:

    Amazing! This blog looks just like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Excellent choice of colors!

    Reply
  10. says:

    Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.

    Reply
  11. says:

    Nice post at Neurologix Announced Its Filing Chapter 7 Bankruptcy to Liquidate |. I was checking constantly this blog and I am impressed! Very useful info specially the last part I care for such information a lot. I was seeking this particular information for a long time. Thank you and best of luck.

    Reply
  12. says:

    how much is it?????????????????????????????

    Reply
  13. says:

    Very interesting info!Perfect just what I was looking for!

    Reply
  14. says:

    There are several approaches in which you can help save cash. I know that at any time due towards the fact milk selling prices have gone up I’ve had to end paying so significantly funds on unneeded splurge spending. I have also commenced off shopping on the net trying to uncover the greatest deal fairly than obtaining whats on sale in the store.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*

You may use these HTML tags and attributes: