Local Corporation filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Central District Of California on June 23, 2015. The debtor listed its assets of $16.41 million and liabilities of $29.52 million. The largest unsecured creditors include U.S. Bank National Association, Google Inc., Online Equity Ventures, LLC, SpaceJet Media LLC, Shopping Cheapest LLC, Adap.tv, Inc., Engage :bdr, American Express Company, Advertise.com, Inc. and Textopoly, Inc. The debtor is represented by Marc J Winthrop of Winthrop Couchot, PC as its legal counsel.
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