TW Electric Service, Inc. has officially sought bankruptcy relief under Chapter 11 proceedings. Court filings suggest that the electrical service provider is moving ahead in the process as a “small business debtor.” Operations are expected to continue as normal under court supervision.
TW Electric Service, Inc. Files for Chapter 11 Bankruptcy
TW Electric Service, Inc. submitted a voluntary Chapter 11 petition on February 25, court records on PACER show. The filing designates the company as a small business debtor under federal bankruptcy law and places the case under Subchapter V, a process designed to streamline reorganizations for smaller businesses.
The electrical contractor’s filing type implies that the bankruptcy would result in a restructuring of operations, not the liquidation of debts.
The case is being handled in the U.S. Bankruptcy Court for the Eastern District of North Carolina.
Company Background
TW Electric Service, Inc., a family-owned electrical service provider, has been serving the Triangle area in North Carolina for nearly three decades. Founded by Terry Wood, the company has been providing electrical solutions for both residential and commercial projects.
Some services offered by TW Electric Service, Inc. include new installations, electrical repairs, EV charger installations, generator installs, and smart home setup.
The company based in Benson, North Carolina, offers whole-home safety inspections as well.
Case Related Details
Filing details state that attorney Rebecca Redwine Grow of Hendren, Redwine & Malone, PLLC, is representing TW Electric Service, Inc. in the court. In addition, Terry Wood, mentioned as the company’s president in the petition, is its authorized representative.
Further information noted in the Chapter 11 Subchapter V petition is:
- Filing Date: February 25, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Eastern District of North Carolina
- Type of Filing: Active, Voluntary Petition, Subchapter V
- Chapter: 11
- Case Number: 26-00840-5-PWM
- Estimated Assets: $50,001 – $100,000
- Estimated Liabilities: $100,001 – $500,000
- Reason for Filing: Restructure business under court supervision
The company reports owing approximately 49 creditors. Court filings state that after administrative expenses are covered, unsecured creditors are not expected to receive payment.
The filing also includes a list of the 20 largest unsecured creditors who are not company insiders. Some of these are American Express, First Citizens Bank, and Winlectric.
The other documents submitted by the electrical contractor included a summary of assets and liabilities, a statement of financial affairs, a list of equity security holders, a verification of creditor matrix, and a corporate ownership statement.
The end result of TW Electric Service, Inc.’s restructuring efforts now depends on the approval of its Chapter 11 reorganization plan.
