Reign Roofing LLC has filed for bankruptcy protection. The filing comes after the company reported a significant gap between its assets and liabilities. The Richmond-based contractor is now seeking to restructure its finances under Chapter 11.
Reign Roofing LLC Files for Chapter 11 Under Subchapter V
Reign Roofing LLC voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas, latest PACER data shows. The petition was submitted on February 17 under Subchapter V, a designation for qualifying small business debtors.
Attorney Vicky M. Fealy of The Fealy Law Firm, PC, is representing Reign Roofing LLC in the bankruptcy court.
Operations of the Richmond, Texas-based contractor are expected to continue as usual, as Chapter 11 bankruptcy filings typically involve restructuring, not a total shutdown of businesses.…