Filing Alert: Exela Subsidiaries Chapter 11
Several Subsidiaries of Exela Technologies File Chapter 11 in Southern District of Texas
DocuData Solutions, L.C. and its debtor affiliates, all subsidiaries of non-debtor Exela Technologies Inc., an Irving, TX-based business process automation provider, filed for Chapter 11 protection on Mar. 3 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $500 million to $1 billion in assets and $1 billion to $10 billion in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90023.
Debtors’ Organizational Chart (As of the Petition Date)
Top Unsecured Claims
Key Parties
Counsel:
- Timothy A. Davidson II
- Hunton Andrews Kurth LLP
- Email: taddavidson@hunton.com
Co-Counsel:
- Latham & Watkins LLP
Investment Banker:
- Houlihan Lokey, Financial Advisors, Inc.
Financial Advisor:
- AlixPartners, LLP
Claims Agent:
- Omni Agent Solutions, Inc.
Communications Advisor:
- Sitrick and Company
Signatories:
- Matt Brown – Interim Chief Financial Officer
Equity Security Holders:
- BancTec, Inc. – 100.0% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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