Carbon Nanoprobes in Bankruptcy


In a dramatic fall from being one of Business Week’s 25 finalists for America’s Best Young Entrepreneurs to filing for Chapter 7 liquidation bankruptcy, Brian Ruby has done it all. Barely a year and a half ago, Ruby was given an equity investment by Life Sciences Greenhouse of Central Pennsylvania allowing him to relocate his company, Carbon Nanoprobes from the Seattle area to the East Whiteland Township in Chester County. At that time, the company had 9 employees and was transitioning from research to equipment sales, expecting a turnover of $1 million in 2010.

Carbon Nanoprobes is a company that makes probes for researchers to use at the tip of their atomic microscopes for molecular imaging. By December, it had sailed into financially troubled waters and at the end of that month, Carbon Nanoprobes filed for Chapter 7 bankruptcy protection in bankruptcy court in Philadelphia. It listed its assets to be worth only $38,650 and liabilities amounted to $1.59 million.

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