New Chapter 11 Filing – TECT Aerospace Group Holdings, Inc.
Late on April 5, 2021, TECT Aerospace Group Holdings, Inc., along with certain affiliates that manufacture high precision components and assemblies for the aerospace industry, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10670). The company, which anticipates a 363 sale process, reports $50 million to $100 million in assets and $100 million to $500 million in liabilities. A copy of the first day declaration is attached here.
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