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Jacoby & Meyers Creditors Seek Bankruptcy for Failed Firm

Jacoby & Meyers Bankruptcy LLP creditors with more than $1 million in claims moved to force the defunct law firm to liquidate in a bid to unravel the “largest consolidation of consumer law firms in U.S. history.”

Creditors including LegalZoom.com Inc. and attorneys’ offices initiated an involuntary Chapter 7 proceeding against the firm, according to a petition filed today in U.S. Bankruptcy Court in Manhattan. If they succeed, a trustee will be appointed to sell the firm’s assets.