A United States-based airline has filed for bankruptcy.

This bankruptcy has come a little over a month after the passing of the company’s founder and CEO.

According to Flying Mag , Verijet — a Kissimmee, Florida-hailing private airline that touts itself as a green option for flyers and “one of the safest private aircraft charter operators available” — filed for Chapter 7 bankruptcy with the U.S. Bankruptcy Court for the Southern District of Florida last week.

The United States Courts website describes Chapter 7 bankruptcy as a means to provide for “‘liquidation’ — the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors.” Unlike Chapter 11 bankruptcy, Chapter 7 does not involve a plan for reorganization, and typically signals the end of a comp

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