Hassan Afzal

Artificial intelligence firm Afiniti, Ltd. - which went into provisional liquidation in Bermuda on September 19th and has liabilities of $580 million - has filed for Chapter 15 bankruptcy recognition in the United States.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Hassan Afzal, as the Foreign Representative of Afiniti, Ltd. (in Provisional Liquidation), described as "the ultimate holding company of 32 companies in the business of applied predictive artificial intelligence" with total liabilities of $580 million, filed at the U.S. Bankruptcy Court for the District of Delaware.