Katerra Files Bankruptcy

2021-6-7 · Construction firm Katerra Inc. filed for bankruptcy protection in the U.S. This should help answer up the question of how and when those stalled projects from coast to coast can be restarted. The company filed Chapter 11 proceedings in the Southern District of Texas court. It estimated liabilities of $1 billion to $10 billion and assets of $500 ...

Katerra files for bankruptcy

2021-6-7 · Softbank CEO Masayoshi Son (Getty, Katerra, iStock) Even after shedding hundreds of millions of dollars in debt late last year and receiving a $200 million bailout, Katerra has resorted to bankruptcy in its struggle to survive. The company filed for protection under Chapter 11 on Sunday, listing liabilities between $1 billion and $10 billion and assets of just $500 …

Modular construction firm Katerra files for bankruptcy

2021-6-9 · US technology-enabled construction company Katerra has filed for bankruptcy protection after struggling to cope with the "macroeconomic effects" of the Covid-19 pandemic and the "unexpected insolvency proceedings" of its former lender. The California-based firm was established in 2015 with the ambition to "transform the construction ...

Construction startup Katerra files for bankruptcy

2021-6-7 · Katerra filed for bankruptcy protection Sunday as it moves to shut down most of its U.S. operations and shift its focus to international business.. The …

What Happened to Katerra? Bankruptcy, Explained

2021-6-8 · Jun. 8 2021, Published 11:21 a.m. ET. The California-headquartered construction startup Katerra announced that it filed for Chapter 11 …

Katerra files for bankruptcy

2021-6-7 · The company filed for protection under Chapter 11 on Sunday, listing liabilities between $1 billion and $10 billion and assets of just $500 …

Modular construction unicorn Katerra files for Chapter 11 …

2021-6-7 · Katerra Inc, the company set up in 2015 to revolutionise construction with a tech-driven approach to timber prefabrication, has filed for relief under Chapter 11 of the US Bankruptcy Code. ... The company said it would file motions with the bankruptcy court requesting authorisation to "continue paying remaining employees, vendors, and others in ...

Katerra''s Abrupt Bankruptcy Leaves Construction ...

2021-6-7 · Katerra looked into Chapter 11 bankruptcy at the time in order to address its mounting debts, and the company''s board of directors voted to remove the company''s founder, Michael Marks, from his position as CEO. A 2020 restructuring with Softbank gave Katerra $200 million in funding, avoiding its closure — at the expense of handing over a ...

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New Chapter 11 Filing

2021-6-7 · On June 7, 2021, Katerra Inc., a Scottsdale, AZ-based "technology-enabled construction company," filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-31861) along with several affiliates. The company estimates $500 million to $1 billion in assets and $1 billion to $10 …

Construction Giant Katerra is Shutting Down

2021-6-5 · Lloyd Alter. Katerra, the construction giant that was going to revolutionize the industry, is shutting down. According to The Information, the construction startup, which was founded in …

SoftBank-backed construction giant Katerra said to be …

2021-6-2 · After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to …

Months After Bankruptcy Declaration, Katerra Still Faces

2021-9-10 · Fortune''s Lucinda Shen noted that construction tech investment has been booming recently, with millions in recent investments coming in the months following Katerra''s bankruptcy. On August 24, 2021, "ICON Technology, an Austin-based startup using 3D printing in construction, raised $207 million in Series B funding led by Norwest Ventures.

Bankrupt startup Katerra sued by former employees

2021-6-14 · Bankrupt construction startup Katerra sued by former employees. Former employees of the SoftBank-backed real estate startup say they were laid off without a fair warning. by Libertina Brandt. June ...

Katerra:, ...

2021-6-15 · ,20,Katerra,。. Katerra, ...

SoftBank-backed construction startup Katerra files for …

2021-6-7 · The company had estimated liabilities of $1 billion to $10 billion and assets of $500 million to $1 billion, according to the court filing made …

Kroll Restructuring Administration

On June 6, 2021, Katerra Inc. and 32 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (Houston Division). The cases are pending before the Honorable David R. Jones, and are ...

Who May Feel Financial Pain Inflicted by Katerra''s …

2021-6-10 · Katerra''s bankruptcy filing in federal court in Houston states that the company owes $1.29 to $1.55 billion, with from $50 million to $75 million …

Katerra, Inc. Files for Bankruptcy in Houston | BKData

2021-6-6 · On June 6, 2021 (the "Petition Date") Katerra, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.The Debtor''s case was assigned case no. 21-31861 and is pending before the honorable Judge Bankruptcy David R Jones in the U.S. Bankruptcy Court Texas Southern District (the "Bankruptcy Court") Houston division office.

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Company Bankruptcy Information for Katerra, Inc.

2021-6-6 · Katerra, Inc. 9305 East Via de Ventura Scottsdale, AZ 85258 MARICOPA-AZ Tax ID / EIN: xx-xxx2720 Represented By. Matthew D Cavenaugh Jackson Walker LLP 1401 McKinney Street Ste 1900 Houston, TX 77010 713-752-4200 Email: [email protected] . Us Trustee. US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 (713) 718-4650

KATERRA PROBLEMS

for Gender Discrimination. State of California / Department of Fair Employment and Housing looking into Katerra for Discrimination & Harrassment under the following: Disability. Pregnancy, Childbirth, Breastfeeding, and /or Related Medical Conditions. /Gender. Sexual Orientation. Katerra ordered to appear before Federal Administrative Law Judge.

What does Katerra''s demise mean for the contech and …

2021-10-13 · Katerra files for bankruptcy protection. August 2021. Sells Tracy, California, assets for $21.5 million and its factory in Spokane, Washington, for $50 million.

Inside Katerra''s final days

2021-6-10 · Filings in Katerra''s bankruptcy provide new details on the months leading up to the firm''s demise. The company filed for Chapter 11 on Sunday and has already shut down 82 projects and laid off 730 of its 1,300 employees in the U.S. The company''s financial position is so dire that it asked the court to approve the immediate release of $15 ...

Katerra: The Rise and Fall of a Billion Dollar Construction …

2021-7-13 · Discussion Points: 0:00 Introduction. 2:21 Brian shares his experience with Katerra . 3:02 What Brian thought of the different thoughts towards Katerra . 6:04 The car analogy and how Katerra envisioned their company to be . 7:36 Brian''s time in Katerra and why he describes it as bittersweet . 8:55 Fatal flaws from its birth that haunted Katerra . 10:43 Brian''s perspective of …

SoftBank-backed construction firm Katerra files for …

2021-6-7 · June 7 (Reuters) - Construction startup Katerra Inc, which is backed by SoftBank Group Corp 9984.T, said on Sunday it has filed for bankruptcy protection in the United States. Katerra said it had ...

Katerra Employees File Class-Action Lawsuit Over Job Losses

2021-6-14 · Katerra filed for bankruptcy protection June 6, listing liabilities between $1 billion and $10 billion and assets of just $500 million to $1 billion. It recorded losses of $2.78 billion in 2018 ...

Katerra Digs Too Deep Of A Hole: Anybody Want A New …

2022-7-2 · Katerra stated upon the bankruptcy filing it was taking steps to conduct a "marketing and sale process," while having secured $35 million in Debtor-in-Possession (DIP) financing to fund operations during the Chapter 11 process. Katerra filed for Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of ...

Liberty Mutual has $481mn of surety bond exposure to …

2021-7-9 · The largest surety bond on a list presented to a Houston bankruptcy court this week indemnifies a company linked to home-builder Lennar against the failure of Katerra Construction, the bankrupt entity''s general contracting arm. The contract was bound in May 2019 and expires at the end of November 2021. The Katerra situation is the second ...

Katerra, la start-up qui voulait révolutionner la

2021-6-2 · C''est l''un des plus gros échecs de l''histoire de la Silicon Valley. Après avoir levé plus de deux milliards de dollars (1,6 milliard d''euros) en six ans, Katerra va fermer ses portes, rapportent The Information et l''agence …

Katerra Bankruptcy a Cautionary Tale for Construction …

2022-6-13 · The bankruptcy relief filing press release stated that Katerra has "voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas as the company takes steps to conduct a marketing and sale process to maximize value for its stakeholders.