The company is converting its bankruptcy filing from Chapter 11 to Chapter 7, a much more serious form of bankruptcy.
The Silicon Valley microbiome-testing startup uBiome filed for bankruptcy protection earlier this month after months of challenges and setbacks. Now, uBiome is shutting down. The startup is converting from chapter 11 to chapter 7 bankruptcy, which means it'll cease operations and liquidate, according to documents that Business Insider viewed. uBiome once convinced Silicon Valley that testing poop was worth $600 million.
The Silicon Valley microbiome-testing startup uBiome filed for bankruptcy protection earlier this month after months of challenges and setbacks. Now, uBiome is shutting down. The startup is converting from chapter 11 to chapter 7 bankruptcy, which means it'll cease operations and liquidate, according to documents that Business Insider viewed. uBiome once convinced Silicon Valley that testing poop was worth $600 million.
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