Filing Alert: ENGlobal Chapter 11
ENGlobal Files Chapter 11 in Southern District of Texas
ENGlobal Corporation and its debtor affiliates⁽¹⁾, a Houston, TX-based specialty engineering firm focused on automation solutions and select EPCM projects for the energy industry, filed for Chapter 11 protection on Mar. 5 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90083.
⁽¹⁾ ENGlobal Technologies, LLC, ENGlobal Government Services, Inc., and ENGlobal U.S., Inc..
Top Unsecured Claims
Key Parties
Counsel:
- Christopher Adams
- Okin Adams Bartlett Curry LLP
- Email: info@okinadams.com
Financial Advisor:
- Getzler Henrich & Associates LLC
Signatories:
- Darren W. Spriggs – Chief Financial Officer
Equity Security Holders:
- Cede & Co– 95.2% Equity Interest
- All Other Minority Holders – 4.8% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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