New Delaware Chapter 11 Filing – ATopTech, Inc.
California-based ATopTech, Inc., a developer of technology and manufacturing software solutions for engineers in the physical design of integrated circuits, has filed a voluntary petition for chapter 11 bankruptcy relief in the United States Bankruptcy Court for the District of Delaware (Case No. 17-10111). The petition lists between $10 and $50 million in both assets and liabilities. According to the First Day Declaration, the Debtor enters Chapter 11 with a stalking horse bidder and intends to sell its business pursuant to section 363 of the Bankruptcy Code at an auction to take place in mid-March of 2017. The case has been assigned to the Honorable Mary F. Walrath. Epiq is the proposed claims agent. The company has issued a press release that can be found here.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.
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