Bench, an accounting startup, filed for bankruptcy with $65.4 million in liabilities and only $2.8 million in cash. Major debts include $50 million owed to the National Bank of Canada and severance pay to former employees. The company, founded in 2012, raised $113 million and employed over 600 staff at its peak. It is in the process of being acquired by Employer.com, which will oversee its bankruptcy proceedings.