Filing Alert: Sysorex Government Services Chapter 11
Sysorex Government Services Files Chapter 11 in Southern District of New York
Sysorex Government Services, Inc., a Herndon, VA-based IT solutions provider serving federal, state, and local governments, filed for Chapter 11 protection on May 5 in the U.S. Bankruptcy Court for the Southern District of New York.
The filing aims to facilitate a sale of the business, which has been marketed for approximately 37 months, after funding difficulties disrupted its ability to fulfill existing orders and pursue new opportunities.
The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing does not state whether there will be funds available for unsecured creditors. The case number is 25-10920.
Top Unsecured Claims
Key Parties
Counsel:
- Ralph E. Preite, Esq
- Cullen and Dykman LLP
- Email: rpreite@cullenllp.com
Signatories:
- A. Zaman Khan – President
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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