4OEM Plastics LLC, a San Antonio, Texas-based plastics manufacturer, produces a range of corrugated tubing and wiring protection products. After roughly six years in operation, the company has filed for Chapter 11 bankruptcy protection.
Case filings show that the manufacturing company currently has more than $1 million in unsecured claims. Through the restructuring process, the company aims to reorganize its finances while continuing operations.
4 OEM Plastics LLC Enters Bankruptcy
The company is moving ahead in the court-guided proceedings as a small business debtor under Subchapter V. This provision allows businesses to move through Chapter 11 more quickly and at a lower cost than traditional cases.
According to court filings on PACER, the company submitted its petition on May 13, 2026. CEO Rajiv Iyengar signed the petition as the company’s authorized representative.
Court filings list attorney J. Maxwell Beatty of Shannon Lee Beatty LLP as counsel for the company.
Company Faces Unsecured Claims of Over $1 Million
Court filings show the company has between 50 and 99 creditors. The filings separately identified 20 unsecured creditors holding the company’s largest claims. The largest unsecured claims total more than $1 million.
According to the filings, Frost Bank holds the largest unsecured claim at more than $465,000. Other creditors in the list were Ink Lending, LLC, Kapitus Servicing, Inc., Intercable, Bank of America, and more.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
Key Details from the Filing
According to the list of equity security holders added in the petition, Rajiv Iyengar and Pinakin Desai each hold a 27% membership interest in the company, while John Thomas and Brent Whittington each own a 23% membership interest.
The balance sheet showed that the total assets of 4 OEM Plastics LLC are over $1 million, whereas its liabilities are around $5.4 million.
A few other documents submitted by 4 OEM Plastics LLC included a 2024 tax return statement and an income statement.
Other summarized details of the Chapter 11 petition are shared here:
- Filing Date: May 13, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Texas
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-33394
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 50 and 99
- Reason for Filing: Restructure business under court supervision
About the Company
Since its inception in 2020, the company has been manufacturing plastic products for the automotive, EV, industrial, marine, and medical fields. The company manufactures products ranging from corrugated tubing to smooth-wall extrusions and wiring protection systems for multiple industrial applications.
Led by Rajiv Iyengar, the company’s founders hold a combined experience of more than 100 years in the plastics industry.
The latest filing marks a notable phase for 4 OEM Plastics LLC as it seeks to stabilize operations amid financial pressures. The case is expected to determine whether the San Antonio-based manufacturer can continue operations in the long run.
