The bankruptcy underscores the great risks of investing in many of the companies that have gone public via mergers with special-purpose acquisition corporations.

The genetic testing firm won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the

The bankruptcy filing of 23andMe has sparked the potential for a sale that could be used to solve cold cases with the use of genetic testing.

Me, which helped popularize ancestry tracing through genetic testing, filed for bankruptcy protection and will seek a sale.

23andMe stated Tuesday it actually experienced delays after a huge influx of customers sought to get their data deleted prior to its sale. Offers for this data will be due on May 7th. A final hearing on the matter will take place in June. The Associated Press contributed to this report.

California has some of the strongest privacy laws in the country — and the only dedicated privacy agency — but 23andMe has revealed the limits of legislation when the worst happens, with even the state attorney general admitting he struggled to delete his own data from the company.

Genetic testing company 23AndMe found success generating ancestry reports for customers curious about their family’s genetic history. But now that it has filed for Chapter 11 bankruptcy,

Despite the company filing for bankruptcy, the co-founder won’t give up on her dream of using DNA kits to discover new drugs

The DNA testing and genetics company has declared bankruptcy. Your personal information could be part of the company’s sale.