A Canadian judge ordered that Rackster Hosting be be adjudged bankrupt. KPMG Trustees in Bankruptcy has been appointed as trustee of Rackster Hosting property. The order took affect on September 24/09
Rackster Hosting is a provider of VPS and dedicated hosting operating from Kelowna BC since August of 2005 according to the company website. While the company website appears to be operating normally, there is no mention of the bankruptcy order in the latest news heading.
It appears that some behind the scene fighting over control of the company was the main reason for the order although the judge stated that in his opinion the company monthly liabilities are continually exceeding it's income.
We are making some requests for further information on Rackster Hosting operating status, and will update this story as more information becomes available.
Tue, 27 October 2009, 22:12
I'm a client of Rackster and it is still business as usual from my perspective. The business is not shutting down, and the creditors are more interested in keeping it running than trying to sell it off.