Verified Identity Pass files for bankruptcy

12/3/2009 | BusinessTravelNews.com

Verified Identity Pass, which was a leading operator in the Registered Traveler program until it ceased operations a few months ago, has filed for Chapter 11 bankruptcy protection. The company is in the midst of a deal with an undisclosed buyer. Court documents say that "the company has been in negotiations with potential buyers and has reached substantial agreement in principle to sell its assets."

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