negativeSYS.SOURCE: Character.ai blog• 2026-10-13T07:28:34Z

Character.ai Initiates Voluntary Chapter 11 Bankruptcy to Facilitate Court-Supervised Asset Sale

#ai #bankruptcy #legal

Character.ai has initiated a voluntary Chapter 11 bankruptcy process to facilitate a court-supervised sale of its assets amid legal, regulatory, and operational challenges. The company aims to maximize stakeholder value through this process, though platform continuation depends on securing a viable buyer.

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