New Chapter 11 Filing – Security First Corp.
On August, 31, 2020, Security First Corp., a cyber security software developer based in Ladera Beach, CA, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12053). The Debtor reports $1 million to $10 million in assets, $10 million to $50 million in liabilities, and estimated 50-99 creditors. The Debtor estimates that funds will be available for distribution to general unsecured creditors. A copy of the company’s petition, board resolutions, 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.
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