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.