Zultys Enter Chapter 11 in US – Debts of $45 Million

Troubled PBX vendor Zultys has filed for bankruptcy under the Chapter 11 scheme in the US in order to protect the company from its creditors. On their application form the company lists provisions for up to 999 creditors and debts of up to $50 million.

Previously the company had laid off all their staff by locking them out of their offices one morning in July only to declare ‘business as usual’ the following week.

In the UK Zultys lost their sales team to Shoretel earlier this month but bizarrely re-appointed

Bizarrely Zultys recently re-employed UK country manager Martin Bond who only joined the company this spring and was the first to be laid off this summer.

The following two tabs change content below.

admin

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)