Pitney Bowes Spins Off E-Commerce Biz Into Ch. 11

By Alex Wittenberg · August 8, 2024, 6:12 PM EDT

A former unit of shipping company Pitney Bowes Inc. filed for Chapter 11 protection Thursday in Texas bankruptcy court with more than $100 million in debt and plans to liquidate its...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Shipping company Pitney Bowes Inc. spun off its e-commerce delivery arm, DRF Logistics, and placed it into Chapter 11 to wind down the division after years of heavy losses.

Case Number

24-bk-90447

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

View Full Scorecard

Documents

Related Sections

Case Information

Case Title

DRF, LLC

Case Number

4:24-bk-90446

Court

Texas Southern

Nature of Suit

Date Filed

August 08, 2024

Recent Articles By Alex