Sonder Holdings (SOND) Bankruptcy Latest: Chapter 7 Liquidation, Lawsuits and Stock Outlook – 20 November 2025
Sonder Holdings Inc. (NASDAQ: SOND) is now in full collapse mode. After Marriott International abruptly terminated a 20‑year licensing agreement on 9 November, Sonder announced on 10 November that it would immediately wind down operations and pursue a Chapter 7 liquidation of its U.S. business, with insolvency proceedings planned in the international markets where it operates. Nasdaq+1 In the days since, the situation has escalated: For investors, the key question on 20 November 2025 is no longer whether Sonder can survive, but how little – if anything – will be left for common shareholders once creditors are paid. SOND stock