Filing Alert: Excell Communications Chapter 11

Excell Communications, Inc. and its debtor affiliates⁽¹⁾, a Plainview, NY-based telecommunications infrastructure firm, filed for Chapter 11 protection on Apr. 14 in the U.S. Bankruptcy Court for the Eastern District of New York.

The filing was driven by the abrupt termination of contracts in July 2023 by key customer Altice USA, following a Portuguese government investigation into Altice. The company stated it was subsequently slow to downsize and replace the lost business, leading to substantial losses that rendered its debt structure unsustainable.

The company reports $37.4 million in assets and $34.9 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-71444.

⁽¹⁾ Telecable, Inc. and E-Fleet Services Corp.

Initial Budget

Top Unsecured Claims

Key Parties

Counsel:

• Michael S. Amato
• Ruskin Moscou Faltischek, PC
• Email: mamato@rmfpc.com

Signatories:

• Harry Zapiti – Chief Financial Officer

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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