After two difficult months of controversy, Artesian Builds experienced a spectacular decline. Now the final nail in the coffin of Noah Katz’s business has been driven as the PC makers filed for bankruptcy.
On March 1, PC makers and twitch streaming company Artesian Builds received public backlash after the company’s CEO, Noah Katz, roasted a small streamer “Kiapiaa” and refused to give her a PC that she rightly won at a giveaway.
This resulted in the company being dropped by many of their sponsorship partners and exposing a number of shady business practices within the company.
Now, on April 28th, Artesian Builds has officially filed for bankruptcy, putting an end to the company’s operations and its supposedly shonky services. According to an email sent to the company’s debtors.
Artesian Builds has officially filed for Chapter 11 bankruptcy pic.twitter.com/Fiqdtsw3L2
— Dexerto (@Dexerto) April 27, 2022
With the filing for bankruptcy, the company and its sole owner, Noah, are no longer liable for any outstanding debts incurred during the company’s existence.
That’s a significant sum. In which bankruptcy filingIt turned out that Artesian owes two PC parts sellers $450,000 and has over $200,000 in credit card debt.
In addition, there is an unknown amount of unpaid overtime and residual vacation pay for employees, some of which have existed since inception. And $1.37 million in unfulfilled orders.
Forms have been sent out announcing a call to action for those who may be currently waiting for refunds or PCs that will never arrive, as this is now “the only chance of getting well again,” streamers said following the news stressed .
UHHH, okay, the Artesian Builds bankruptcy papers just went out.
If you have a computer, never received it and have never received a refund, you need to pay attention. This will be the only chance to get well again pic.twitter.com/UXM1ImayMX
— Side Quest | Ligerzero @ KH TRASH (@LigerzeroGaming) April 27, 2022
For those unsure where they stand, a May 16 meeting has also been announced for anyone the company owes money or goods to come forward as part of the bankruptcy proceedings.
Summarizing the feelings of many in the community about the speed with which Artesian collapsed, a user on Twitter Aptly put, “Crazy how one bad move can kill your entire business.” A solid reminder for anyone running shady businesses.
https://www.dexerto.com/entertainment/artesian-builds-files-for-bankruptcy-two-months-after-twitch-giveaway-scandal-1813118/ Artesian Builds files for bankruptcy two months after the Twitch giveaway scandal