Post #3799340
2026-07-14 03:31 UTC
@adamshostack@infosec.exchange @PogoWasRight@infosec.exchange okay, so this one sounds like the equivalent of Ch11, which is why the website is still up. I've considered a list of "badly hurt, but not destroyed" companies and this would certainly be on that list, but it ain't dead yet. I'll put it on a watchlist.
Insolvency proceedings have been initiated – and why we are still looking ahead
Insolvency does not automatically mean the end of a company.
Rather, the process offers the opportunity to restructure, reposition, and economically stabilize a company. We will dedicate ourselves fully to precisely this goal.
Replies (2)
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@sawaba@infosec.exchange 2026-07-14 03:40
@adamshostack@infosec.exchange @PogoWasRight@infosec.exchange IT Hotellet, on the other hand, got added to the list. They went under just months after another Danish hosting company went out of business due to a breach. The whole ordeal was over in 2 weeks. A month later, all the servers were gone and the bunker the datacenter was in got sold off.
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@PogoWasRight@infosec.exchange 2026-07-14 12:05
@sawaba@infosec.exchange @adamshostack@infosec.exchange That was my sense, too. Chapter 11 equivalence. Maybe you should have a Chapter 11/insolvency/wounded but not dead sheet. Because how do we know that a company ever successfully bounces back and doesn't wind up dead after all?