Maker of trendy Yay! stickers files Chapter 7 bankruptcy

Money

Credit: Yay! Life! LLC / BusinessDen

DENVER (BusinessDen) — A startup with an upbeat name selling exclamations of joy has run out of pep.

Yay! Life! LLC, the Denver-based producer of trendy stickers, and car and refrigerator magnets, filed for Chapter 7 bankruptcy earlier this month.

In its filing, the company said that it owes $183,546 to about a dozen creditors and has assets worth $31,391.

Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets.

Co-founder Rachelle Reichley did not respond to a request for comment.

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