Sungevity Bankruptcy Update
Sungevity filed for bankruptcy in March 2017 and has been working to sell its business and obligations. As part of that Chapter 11 bankruptcy reorganization and sale, Sierra Club understands that Sungevity has sold certain of its assets to a newly formed company, Solar Spectrum. Sungevity has filed a motion to reject its contract with the Sierra Club, which, if approved, would mean that the Sierra Club would not receive any additional referral payments. Furthermore, as part of that reorganization, we understand that the company has recently filed a motion with the bankruptcy court to reject at least some of its contracts with existing customers. Sungevity has temporarily withdrawn that motion, and may re-file that motion at any time. If Sungevity does so, the Sierra Club will not receive notice of the motion, only the affected customers will. Additional information on the Sungevity bankruptcy case can be found at http://www.kccllc.net/sungevit
Blog Category:
Add new comment