Epic! Creations Involuntary Chapter 11 Bankruptcy Petition Filed

A group of creditors has filed an involuntary chapter 11 bankruptcy petition against Epic! Creations Inc., according to a filing from US Bankruptcy Court of Delaware.

• Petition alleges that co. is generally not paying its debts as they become due
• Petitioning creditors include HPS Petitioning creditors, TBK Bank, and Midtown Acquisitions LP among others
• Epic! Creations was an affiliate of BYJU’s Alpha Inc. until March 3, 2023 when GLAS Trust Company, one of the petitioning creditors, assumed control of BYJU’s Alpha: court filing
• NOTE: In 2023, Byju’s in Talks to Sell US Unit Epic for $400 Million to Joffre ...