Suntricity Power Announces Bankruptcy

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Bankrupt Company: Suntricity Power View Profile Charts Homepage
Deal Financials:
Chapter: 11
Voluntary? Yes
 

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Date:
Announced: Feb 08, 2012
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PRESS RELEASE - Suntricity Power Enters Bankruptcy

A New Castle-area provider of solar-power systems has filed for Chapter 11 bankruptcy.

Suntricity Power, which specializes in the "design, sales and installation of renewable energy equipment and systems," told U.S. Bankruptcy Court in Wilmington on Tuesday that it had assets estimated at $500,000-$1 million, and liabilities ranging from $100,001-$500,000.

Phone calls to Suntricity for comment went unanswered.

On its website, the company said it has installed thousands of solar panels throughout Delaware and Pennsylvania.

The company told the court it had from 100-199 creditors. Its biggest debt was a $100,000 settlement owed to Focused Energy, a California provider of components to solar installation companies. It also owes thousands of dollars to several local electrical trade companies.

The firm is owned by Maria Romero and Mark Hald.

Edit History:
Feb 08 '12
This version submitted by Anonymous

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