Job.com Filed for Bankruptcy a Year Ago. The Court Record Has Been Growing Ever Since

Happy Friday, Job Board Doctor friends! Today we dive into a story I have been following closely. Let’s get to it!

When Job.com filed for Chapter 11 on July 6, 2025, our heads were all spinning as we watched a very different bankruptcy story unfolding. CareerBuilder and Monster had filed a few weeks earlier: the end of an era for the entire talent acquisition industry.

Job.com’s bankruptcy did not fit neatly into the narrative we in the industry wanted to tell ourselves. An AI-driven recruitment platform that had spent four years acquiring staffing agencies and developing a patent portfolio was certainly not the ghost of 1990s tech.

So Job.com got a same-day write-up in Law360, a brief from Staffing Industry Analysts, and a paragraph or two in AIM Group’s coverage. Chad and Cheese, of course, got in on the story. I wrote about it on July 10, alongside a separate story about Indeed and HelloWork.

Then we all shrugged and moved on.

In the eleven months since, two federal courts have kept building a record about Job.com and its co-founders. I have been following closely. As we run up to the one-year anniversary of the Monster and CareerBuilder disaster, now is a good time to take the deeper dive this story deserves.

Understanding the Job.com structure

Job.com is a brand, not a single company. The legal structure underneath it is a stack.

At the top sits MJM Tech Ltd., a UK company co-founded by Paul Sloyan and Arran Stewart.

Below it is My Job Matcher, Inc., a US based Delaware corporation incorporated in 2015.

My Job Matcher owns several U.S. subsidiaries, including the staffing businesses Job.com acquired over the years. (First Day Filings, Exhibit 1).

Two men built and ran all of it. Stewart, the public face of the company, served as Chief Visionary Officer. Sloyan served as Chief Executive Officer. Together they were the board of directors of My Job Matcher (ECF 13, ¶ 21).

Only the U.S. companies, My Job Matcher and its subsidiaries, filed for Chapter 11.

MJM Tech Ltd., the UK parent, stayed outside the filing. So did Stewart and Sloyan’s positions there. Even after they lost control of the U.S. operating company, both remained officers and directors of the UK parent (ECF 13, ¶ 21).

$42 Million in the hole

The most telling fact about the bankruptcy is not the $42 million owed to secured creditors, but whose name is not on the bankruptcy filing petition.

The Chapter 11 petitions for My Job Matcher and its affiliated companies were not signed by either Stewart or Sloyan.

They were signed by Robert J. Corliss, a restructuring executive who had been installed as CEO sixty days earlier, on May 7, 2025 (ECF 13, ¶ 1).

Stick with me here, that change in control was not the founders’ choice.

The company had borrowed against a 2022 credit agreement secured by three lenders with a fourth party, Ankura Trust Company, LLC, acting as administrative agent.

As part of that financing, the UK parent company, MJM Tech, had pledged its entire equity stake in Job.com to the lenders.

By the petition date the company owed them more than $42 million (ECF 13, ¶¶ 25-26).

loan Defaults

When the defaults that began in 2023 continued to be unsatisfied through January 31, 2024, the lenders, collectively, decided it was time to take action.

On May 7, 2025, Ankura exercised the equity pledge to take control of the company.

The move allowed them to remove the entire existing board, install David Mack of Drivetrain, LLC as independent director, and make Corliss chief executive in place of Sloyan (ECF 13, ¶¶ 36, 39).

Until that day, Stewart and Sloyan had been the board. Now both were out.

The timing of this is important for the next part of our saga. Corliss’s advisory firm, Corliss Moore & Associates, had been working inside Job.com since February 2025, three months before the board change, alongside the prior leadership (ECF 13, ¶¶ 1, 38).

He was not an outsider guessing at what had gone wrong. He had watched it.

THE NEW CEO’s Take

The clearest account of how Job.com was run before the bankruptcy comes from the man who took it over. As a part of the bankruptcy filing, Corliss signed his declaration on July 6, 2025, under penalty of perjury.

In the filing, the new CEO describes in detail what his team found.

In his words, the company “suffered from disorganized and, at times chaotic, stewardship under their former management” (ECF 13, ¶ 35).

Three specific findings stand out.

First, payroll. Corliss states that “payroll and payroll tax withholdings were not properly done” (ECF 13, ¶ 35). That is a serious allegation for more reasons than I can count, but may also hint at further legal exposure. Federal law allows the IRS to hold individual “responsible persons” within a company personally liable for employment taxes that were withheld but never paid over (26 U.S.C. § 6672).
Second, collateral. Corliss states the company entered into “numerous transactions where it purported to sell or pledge the sale collateral multiple times” (ECF 13, ¶ 35). In plain terms, that describes pledging the same assets to more than one party.
Third, the records themselves were such a mess that one of the company’s first court filings was a motion to compel former officers to turn over records (ECF 13, ¶ 55).

Unpaid wages

According to Corliss’ declaration, in February 2025, the company was “forced to shutter their per diem healthcare staffing business, QCI, when all of QCI’s employees quit due to the Company’s failure to timely pay wages” (ECF 13, ¶ 37).

The entire workforce walked off the job because they weren’t being paid. We know this because the new CEO swore to it in the bankruptcy filing.

A similar problem surfaced publicly five days later, involving a different part of the company. Former Fortus Healthcare employee Stacey Benware confronted Stewart on LinkedIn about uncorrected 2024 W-2s for people she described as Job.com “volunteers.”

Fortus, unlike QCI, was still an operating business at the time of the bankruptcy (ECF 13, ¶ 18). But read alongside the Corliss declaration, Benware’s complaint points to the same theme the new CEO described: unpaid wages and unresolved tax paperwork running through portions of Job.com’s operations.

The New Jersey judgments

While the bankruptcy moved through the Delaware court, a separate case in New Jersey federal court was working its way to judgment.

The plaintiffs are, David Campeas and Gary Suskin, the former president and chief operating officer of MJM.

They sued the company, Sloyan, Stewart, and a fourth co-defendant, Mark Guest, originally in Somerset County Superior Court in September 2024, seeking roughly $333,000 in unpaid wages, bonuses, expenses, and a loan (Campeas v. Stewart, D.N.J. No. 3:24-cv-10730).

Stewart removed the case to federal court in November 2024.

After that, neither Stewart or Sloyan responded to the lawsuit.

The result was a series of default judgments entered in March 2026:

Against Stewart: $377,730 to Campeas and $975,657 to Suskin (ECF 45).
Against Sloyan: $418,072.50 to Campeas and $1,015,999.50 to Suskin (ECF 47).

That is roughly $2.78 million owed by the two co-founders to their own former president and COO.

A word on default judgements: A default judgment is entered when a defendant fails to show up and defend themselves in court. It is fully enforceable, through wage garnishment, liens on property, and the like. But because no one contested the case, the underlying allegations were admitted by default rather than proven in a fight. The liability is real. The facts behind it were not tested by the court.

Where things stand

The bankruptcy itself is over. The $35 million credit-bid sale to Jobs Acquisition Co. LLC, an affiliate of the same secured lenders, closed October 7, 2025 (ECF 302).

Because the secured debt exceeded $42 million, the company was sold for less than it owed its lenders. The liquidation plan was confirmed by cramdown, meaning the court approved the plan over the objection of unsecured creditors.

The unsecured creditors include other TA vendors whom, like in the Monster and Careerbuilder case, won’t get paid what they were due.

A Liquidating Trust now holds the company’s remaining rights to file potential legal claims against former officers and directors under the Bankruptcy Code. None have been filed yet. The clock on most of them runs through July 2027.

A year after CareerBuilder and Monster dominated the conversation, Job.com has mostly faded from view. The federal record has not.

Sworn findings of payroll-tax failures.
Sworn findings of the same collateral pledged more than once.
A healthcare workforce that quit over unpaid wages.
Nearly $3 million in default judgments against the co-founders.

And yet, this story is not over yet.

In December 2025, an outside creditor sued the lenders, their law firm, and both co-founders in Delaware federal court, alleging in a third case, Takefman v. Corliss, that the ownership of Job.com’s core software was misrepresented to the bankruptcy court, claims that remain in adjudication.

We will also follow the borrowing that kept Job.com alive in its final months, including high-cost merchant cash advances and the obligations now reaching beyond the company to its founders.

As always, tell me what you think.

Until Next Time,

Julie “The Doc” Sowash

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