IBahn Corp., a provider of Internet services to hotels, sought bankruptcy protection in Delaware, citing a loss of contracts with largest customer Marriott International Inc. and patent litigation costs, Bloomberg News reported today. IBahn Chief Financial Officer Ryan Jonson said that the company had assets of $13.6 million and it listed liabilities of as much as $50 million in the chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Del., on Thursday. Salt Lake City-based IBahn said that it has appointed Edward Helvey as its new chief executive officer and that it will continue to operate as it restructures. The case is In re iBahn Corp., 13-12285. U.S. Bankruptcy Court District of Delaware (Wilmington).
