Filing Alert: SiFi Networks America Chapter 11

SiFi Networks America, LLC, a Wilmington, DE-based developer and operator of citywide open-access fiber networks, filed for Chapter 11 protection on Jun. 5 in the U.S. Bankruptcy Court for the District of Delaware.

The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-10912.

Top Unsecured Claims

Key Parties

Counsel:

• Patrick J. Reilley
  Cole Schotz P.C.
  Email: preilley@coleschotz.com

Financial Advisor / CRO:

• KCP Advisor Group LLC (Jacen Dinoff)

Sales Agent:

• Sherwood Partners Inc.

Claims Agent:

• Stretto, Inc.

Equity Security Holders:

• SiFi Networks America Ltd. – 100% Equity Interest

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

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