A telehealth firm based in Charlotte has filed for chapter 11 protection, according to records at the U.S. Bankruptcy Court for the Western District of North Carolina, the Charlotte Business Journal reported. Let's Talk Interactive filed the voluntary bankruptcy petition on Sept. 21. The company's secured and unsecured debt — excluding debts owed to insiders or affiliates — is less than $7.5 million, the filing shows. As a result, the firm was eligible to file for bankruptcy under subchapter five, which doesn't require it to receive creditors' approval for its repayment plan. The company estimated its assets and liabilities totaled between $1 million and $10 million, with an estimated creditors count between 1 and 49. Founded in 2001 by CEO Art Cooksey, Let's Talk Interactive's customizable telehealth solutions give health care and mental health professionals the ability to provide to services in a way that helps eliminate problems with patient accessibility. The company has also partnered with hospitals, assisted living facilities, prisons, rural community centers and disaster relief zones to install its telehealth kiosk machines. These kiosks can help facilitate virtual therapy sessions, videoconferencing, and check-in uses, among other things. Read more.
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