SmileDirectClub Trustee Wants To Cut Leases To Stop Losses
By Jonathan Romeo · February 14, 2024, 5:14 PM EST
The Chapter 7 trustee for dental care company SmileDirectClub Inc. submitted an emergency motion in a Texas court to end more than 100 active leases and discard related assets, aiming to...
SmileDirect, a mail-order dental service provider, filed for bankruptcy in September 2023 after more than a year of financial struggles. The case was later converted to Chapter 7 after SmileDirect failed to find a going concern buyer and meet a DIP milestone.
Case Number
4:23-bk-90786
Judge
Christopher M. Lopez
Venue
U.S. Bankruptcy Court for the Southern District of Texas