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Tech Bankruptcy (1)

• Moving out: Azteca Mobile; Skyward Mobile; North American Scientific; Progressive Games

  Posted: March 20th, 2009, 11:43pm PDT by Warren Agin

  Mobile virtual network operator Azteca Mobile filed a Chapter 7 petition in Kansas City at the beginning of the month. Azteca sold prepaid phone cards for the Sprint Nextel network, and focused on the US to Mexico market.
  Closer to my home, Skyward Mobile, LLC filed a chapter 7 petition in Massachusetts. Skyward built mobile applications, including games, for use on cell phones.
  Yesterday, Reuters reported that Progressive Gaming International Corp., which makes technology products for the casino industry, filed a chapter 7 petition. The petition was filed in the District of Nevada. The bulk of its assets were apparently foreclosed on in January.
  Are you seeing a trend here? For all you real bankruptcy lawyers, all is not lost.
  
  According to the Associate Press, North American Scientific, Inc., a provider of products and services for cancer treatment, filed a chapter 11 petition in the Central District of California on March 12. The company plans to reorganize.