Penny Saver has filed for Chapter 7 Bankruptcy in Delaware. According to their filing, Penny Saver has between 200 to 999 creditors with estimated debt and assets between $10 Million and $50 Million dollars. While the Chapter 7 bankruptcy filing will temporarily halt lawsuits against Penny Saver, the law offices of McCuneWright, LLP are exploring the possibility of moving forward with a lawsuit against OpenGate Capitol which purchased Penny Saver in 2012.