(CBS) – The future of Chicago’s highly publicized Divvy bike-sharing program could be in question.

The Chicago Sun-Times reports the company that supplies the distinctive blue bicycles, stations and other components filed for bankruptcy Monday.

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Public Bike System Co.’s plan to seek federal protection was announced Monday by the mayor of Montreal, whose city bailed out the company three years ago to the tune of $108 million, according to the Sun-Times article, which cites Canadian news sources.

The news casts a shadow on the city of Chicago’s plans to widely expand Divvy here, the Sun-Times reports.

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Seventy-five stations planned for next year would have made Chicago’s bike sharing program the largest in North America — bigger than New York and Montreal, the Sun-Times reports.

The Chicago Department of Transportation says the city’s Divvy program won’t be affected.

“Divvy, Chicago’s bike-share system, continues to operate as normal,” a spokesman said in a written statement.

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