On March 17, 2022, New York-based Buyk Corp., a mobile app grocery delivery service operating in New York and Chicago, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 22-10328).  The company reports $1 million to $10 million in both assets and liabilities, but the debtor’s list of unsecured creditors includes aggregate claims of more than $50 million.  As reported by various new agencies earlier this month, sanctions and restrictions placed on Russia have cut off Buyk’s funding and have paused a pending partnership deal with GrubHub.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

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