VENTURA, CA - eSurface Technologies has filed for reorganization under US corporate bankruptcy laws, citing liabilities of $12.6 million spread over more than 200 creditors.
In its June 21, 2017 filing, eSurface listed assets of $4.87 million and liabilities to unsecured creditors of $7.77 million. The 20 largest unsecured creditors are owed more than $5 million. Two of them are former employees. The company reported between 200 and 999 outstanding creditors. As noted in the bankruptcy filings, eSurface has seven pending litigations against it by creditors.
The firm's assets include its portfolio of patents, trade secrets and intellectual property, valued at $4.6 million.
A hearing between the company and its creditors is scheduled for Aug. 30.
eSurface is a patented coating that activates the surface of printed circuit boards. The official name of eSurface is EarthOne Circuit Technologies.
Register now for PCB West the Silicon Valley's largest PCB industry trade show: pcbwest.com!