💥New Chapter 11 Bankruptcy Filing - Zen JV, LLC (CareerBuilder + Monster)💥
Anyone want to own some crappy job-related properties?
Talk about a blast from the past, y’all. On June 24, 2025, Second City-based Zen JV, LLC, CareerBuilder, LLC, MonsterWorldwide LLC, and 7 other affiliates (collectively, the “debtors” and together with their non-debtor affiliates, the “company”) filed chapter 11 sale cases in the District of Delaware (Judge Stickles). Not that anything else interesting hit the docket then: the debtors’ first day declaration, provided by CFO Michael Suhajda, landed two days later. Anyway, through ghostwriter debtors’ counsel Latham & Watkins LLP (“L&W”), Mr. Suhajda dishes on the debtors’ biz:
“Two iconic pillars of online job recruiting and former industry rivals, CareerBuilder and Monster, merged in September 2024 with the intention of creating a single source for employers and job seekers to navigate the talent search/employment landscape. The hallmarks of the two brands, utilizing advanced and proprietary technology to provide employers with the ability to manage and source candidates, job seekers to post resumes and search for employment opportunities, and the forum for both parties to connect, together with the apparent synergies, were a driving force in motivating the companies to merge. Titans in the space, the resulting 2024 Merger brought their respective job board business and other businesses under one roof.”
