ITRegulators, Inc. has officially filed for bankruptcy proceedings. Since it began operating in 2007, the company has been offering a wide variety of IT-focused offerings, ranging from AI consulting to Apple device management.
The company has made a Chapter 11 filing, which is a U.S. bankruptcy process that allows a business to reorganize its debts and continue operating under court supervision. Everyday operations of the company are expected to continue as normal under the supervision of the court.
ITRegulators, Inc. Enters Bankruptcy
As per case filings available on PACER, the company voluntarily submitted its petition on April 6, 2026. Filing details add that Michael D. Williams, the company president, signed the petition as the authorized representative before its submission.
Further information shows that its proceedings are currently taking place in the U.S. Bankruptcy Court for the Northern District of Illinois. Attorney Ben Schneider of The Law Offices of Schneider and Stone is offering legal representation to the company.
Case Related Details
According to case filings on RK Consultants, ITRegulators, Inc. is a small business debtor as defined in 11 U.S.C § 101(51D) and has chosen to proceed under Subchapter V of Chapter 11.
At the time of filing, ITRegulators reported debts under $3,024,725, subject to periodic adjustments. The 9-page petition provides additional details, including:
- Filing Date: April 6, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Northern District of Illinois
- Type of Filing: Active, Voluntary Petition, Subchapter V
- Chapter: 11
- Case Number: 26-06014
- Estimated Assets: $0-$50,000
- Estimated Liabilities: $100,001-$500,000
- Reason for Filing: Restructure business under court supervision
As of now, the company has between 1 and 49 creditors in total. Court filings indicate that funds will be available for distribution to the unsecured creditors. Some of them, as given in its list of creditors who have the 20 largest unsecured claims and are not insiders, include OnDeck, JP Morgan Chase Bank, Fuji Funding LLC, and Newity.
The company also submitted a corporate ownership statement (Rule 7007.1), court filings state.
About the Company
ITRegulators, Inc. has been offering technology solutions and managed IT services to small- and medium-sized businesses for nearly 20 years. The company’s broad variety of services includes IT support, cloud solutions, staffing, email & spam, and cybersecurity. According to the official website, its headquarters is in Bolingbrook, Illinois.
Based on the gap between total assets and liabilities and several unsecured creditors, the company is expected to take crucial court-guided steps in the coming days.
