NEW BEDFORD, Mass. - Electric scooter company Vectrix has filed for Chapter 7 bankruptcy, which usually involves liquidation.
Employees reportedly were sent home and the business was shuttered in mid-December.
In documents filed with the U.S. Bankruptcy Court, the company listed its assets as being between $1 million and $10 million and its estimated liabilities as between $10 million to $50 million.
The company had its headquarters in New Bedford, a sales office in California and a manufacturing facility in Poland.
Posted by Holly Wagner