On August 31, 2020, TerrAvion, Inc. of Hayward, CA, an aerial imagery provider serving the agriculture industry, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12058). The company reports estimated assets of under $50,000, $10 million to $50 million in liabilities, and 50-99 creditors. The Debtor estimates that after administrative expenses are paid, no funds will be available to unsecured creditors. A copy of the company’s petition and top 20 unsecured creditors can be found here.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.