2U, INC. Bankruptcy Filing
Case Number: 24-11279
2U, INC. filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on July 25, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-11279.
2U, INC. Filing Information
2U, INC., a corporation filing for Chapter 11 bankruptcy, has announced its intention to restructure its debt obligations. According to the New York Southern court, the company filed for bankruptcy on July 25, 2024, with case number 24-11279. As a result of this filing, the organization is seeking relief under Chapter 11 of the US Bankruptcy Code, which allows it to renegotiate its debts and potentially emerge from bankruptcy in a more financially stable position. The company's headquarters, located at 2345 Crystal Drive, Suite 1100, Arlington VA, will be the focal point for this restructuring effort. With this filing, 2U, INC. has begun the process of addressing its financial challenges and working towards a more sustainable future.
2U, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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2U, INC. Docket Header
MEGANY, FeeDueBK |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 24-11279
Assigned to: Chapter 11 Voluntary Asset |
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| Debtor 2U, Inc. 2345 Crystal Drive Suite 1100 Arlington, VA 22202 ARLINGTON-VA Tax ID / EIN: 26-2335939 |
rep. by |
George A Davis
Latham & Watkins LLP 1271 Avenue of the Americas New York, NY 10020 212-906-1200 Email: george.davis @ lw.com |
| U.S. Trustee United States Trustee Office of the United States Trustee - NY Alexander Hamilton Custom House One Bowling Green, Room 534 New York, NY 10004-1408 (212) 510-0500 |