Nulook Capital Has Filed Chapter 11

NY-based merchant cash advance funding company Nulook Capital filed for Chapter 11 on April 4th, according to court records. They listed more than $2.6 million in creditor claims. The largest among them was a secured claim for $2 million by a specialty finance company.

Two other creditors in the bankruptcy proceeding are also involved in the merchant cash advance industry.

The voluntary petition was filed in the Eastern District of New York in the United States Bankruptcy Court.