SpineGuard exits chapter 11 with its effective reorganization plans. The United States Bankruptcy Court for the District of Delaware announced on 24 August that the company has come out of bankruptcy. It filed for bankruptcy on 13 February 2020.
The company was started in 2009 by Pierre Jérôme and Stéphane Bette. Moreover, this company's main purpose is to create technology under Dynamic Surgical Guidance (DSG), which improves the accuracy and process of bone implants. They excel in instant sensing innovation without any radiation. There are several products by SpineGuard used for surgeries across the world.
Plans and priorities for SpineGuard
The vital reorganization plan includes payment of the creditors and bondholders requested by the company. SpineGuard is not a debtor-in-po...