Artesian Builds files for bankruptcy with an estimated $1.3M in unfulfilled orders

Last Friday, defunct custom PC maker Artesian Builds filed for Chapter 11 bankruptcy in California with over $3 million in liabilities on its balance sheet, including $1.37 million in unfulfilled orders. Its court-appointed restructuring officer is now seeking buyers for the company’s assets, which include an estimated $917,595 worth of inventory.

Artesian Builds collapsed dramatically in March of this year, suddenly shutting down its operations on March 8 and laying off around 50 employees in California and North Carolina. Artesian’s insolvency was apparently triggered by a wave of refunds following a controversial raffle livestreamed by the company’s CEO and owner Noah Katz, but two ex-employees who spoke to PC Gamer under the condition of anonymity said it was Katz’s long-term mismanagement that put the company in such a precarious position to begin with. 

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