ATopTech, Inc. (“ATopTech” or “Debtor”), an electronic design automation software company manufacturing software solutions for engineers to assist them in the physical design of integrated circuits, filed a voluntary petition for chapter 11 bankruptcy relief on January 13, 2017 in the United States Bankruptcy Court for the District of Delaware.
In addition, ATopTech filed a motion to sell its businesses under section 363 of the Bankruptcy Code and has selected a stalking horse bidder. The Debtor expects that the sale will be completed by March 31, 2017.
The Debtor’s petition lists between $10 and $50 million in assets and liabilities. The case has been assigned to the Honorable Mary F. Walrath, case number 17-10111. The Debtor is being represented by the law firm of Dorsey & Whitney, LLP.
A first-day hearing has not yet been scheduled, although the Debtor has filed a notice of agenda, which can be accessed here.
Carl D. Neff is a partner with the law firm of Fox Rothschild LLP. You can reach Carl at (302) 622-4272 or at cneff@foxrothschild.com.