Bankruptcy Alert: Ener1, Inc. Files For Chapter 11

• Debtor Name:  Ener1, Inc.
• Year Filed:  2012
• Jurisdiction:  United States Bankruptcy Court / Southern District of New York
• Asset Size:  10,000,000 to 100,000,000
• Case Number:  12-10299
• Industry:  Energy, Manufacturing

Through subsidiaries, the Debtor develops and produces rechargeable batteries and battery packs.  Based in New York, the Debtor has filed applications to retain Reed Smith LLP as Counsel and Houlihan Lokey Capital  as Financial Advisor.

Exhibit A to the Chapter 11 petition lists assets as $73.9 million and liabilities as approximately $90.5 million.

The largest unsecured creditor is listed as Liberty Harbor Special Investments, LLC with an approximate $39.5 million senior note claim.  The largest secured claim is listed as Bzinfin S.A. with a $4.25 million claim.

Sign up for our Chapter 11 case notification service now!  Contact Ken at ktroubh@nationwideresearch.com for details.