Case Summary: TenFour Chapter 11 Filing and Financial Analysis
Morristown, N.J.-based Alliant Technologies, which does business as TenFour, a provider of turnkey, subscription-based networking, communications and security services for businesses, filed for chapter 11 protection. The bankruptcy filing is planned to effectuate a sale of substantially all of its assets, with Acuative Corporation as stalking horse.
Mark Cantaluppi, the CEO of debtor Technology Keiretsu LLC, which serves as parent of the other debtors, says the debtors “now stand on the threshold” of consummating a going concern sale “designed to maximize recoveries for creditors, continue uninterrupted service to the Debtor’s’ customers, and preserve employment for TenFour’s workforce.”
Get the full bankruptcy analysis, including debtor assets, liabilities and capital structure here.