PETITION

PETITION

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PETITION
PETITION
🚚New Chapter 11 BK - Lugg Inc.🚚
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🚚New Chapter 11 BK - Lugg Inc.🚚

Y-Combinator alum files a SubChapter V due to litigation.

May 26, 2024
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PETITION
PETITION
🚚New Chapter 11 BK - Lugg Inc.🚚
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On May 17, 2024, SF-based Y-Combinator alum Lugg Inc. (β€œLugg” or the β€œdebtor”) filed a SubChapter V chapter 11 bankruptcy case in the District of Delaware (Judge Owens). Wait, SubChapter V?! PETITION covers SubChapter V cases!?! No, not usually, but this one is ridiculous.

Founded in β€˜14,Β Lugg hosts a website/app that connects customers with moving and delivery service providers (think Uber, but for moving) β€” operating primarily out of many of the largest cities in the US, including, among others, Los Angeles, New York City, Houston and Miami. It’s basically an asset-lite platform, a concept that was all the rage in Silicon Valley a mere decade ago.*

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