Techarmonic Inc, a California corporation based in San Jose, was declared bankrupt on July 11, 2018, after filing for bankruptcy in the United States Bankruptcy Court for Northern California. The company listed debts totaling $5,591,590, which included unpaid wages and wage judgments exceeding $350,000, including penalties for labor code violations such as failure to pay minimum wage.
The bankruptcy proceedings were finalized on September 26, 2018, resulting in employees and other creditors receiving no compensation for their outstanding debts.
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