other_material
confidence high
sentiment negative
materiality 1.00
iCoreConnect files Chapter 11 bankruptcy with $10M in note payables in default
iCoreConnect Inc.
- Filed voluntary Chapter 11 petitions on June 2, 2025 in Middle District of Florida; cases 6:25-bk-03390 and 6:25-bk-03391.
- Outstanding note payables of $10,026,552 are in default; collection efforts stayed under Section 362(a).
- PIGI Solutions, LLC previously noticed an asset auction; iCoreConnect asserts automatic stay applies.
- Company plans first-day motions to maintain operations, including cash collateral and wage payment requests.
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