https://www.theregister.co.uk/2018/05/18/cambridge_analytica_scl_file_for_us_bankruptcy/

The US branches of Cambridge Analytica and its parent firm SCL have filed for bankruptcy as execs inch closer to ridding themselves of the toxic brand.

The filings, submitted to the New York Southern Bankruptcy Court late yesterday, are for a Chapter 7 bankruptcy – akin to liquidation in the UK – which allows the debtor to escape without having to file a repayment plan*.