The American offshoot of Foxtons, the upmarket estate agent, has filed for chapter 11 bankruptcy. The Daily Telegraph

Foxtons North America, a separate company from the UK business, is majority owned by Jon Hunt, the property entrepreneur who sold Foxtons UK to BC Partners, the private equity house, in May for £390m.

Michael Holt, an attorney for Foxtons North America, said the company was intending to oversee an ‘orderly liquidation of assets’ and that it was ‘unclear’ whether the Foxtons brand would survive in the US.