University of Chicago Law School 1111 East 60th Street, Chicago, Illinois 60637 773.702.9494 In 1978, the United States adopted the Bankruptcy Code and its Chapter 11, which allows companies to restructure their obligations.

Me, as expected for months now, has formally announced the initiation of Chapter 11 bankruptcy proceedings. The move comes after extensive speculation on the company's future, all while many who had taken part in its genetic testing services continue to raise questions about what,

Me has filed for Chapter 11 bankruptcy protection and its co-founder and CEO Anne Wojcicki has resigned as the company continues its push to cut costs.

The genetic DNA testing firm 23andMe filed for Chapter 11 bankruptcy Sunday, leaving many customers wondering how their data will be protected

According to the United States Courts, Chapter 11 bankruptcy is frequently referred ... "Any buyer will be required to comply with applicable law with respect to the treatment of customer data ...

Wojcicki said she intends to become an outside bidder to acquire the company’s assets after her earlier efforts to take 23andMe private failed.

The company filed for Chapter 11 in the U.S. Bankruptcy Court for the Eastern ... Any buyer will need to follow the law regarding how they handle customer data, and the deal will need approval ...

The company said it will look to sell “substantially all of its assets” through a court-approved reorganization plan.