Tollanis Technology Solutions, Inc., an IT managed services and digital transformation consulting firm, has filed for Chapter 11 bankruptcy protection. The Deerfield Beach-based company reported more than $1 million in unsecured claims in its bankruptcy filing.
Chapter 11 allows the company to reorganize its finances while continuing normal operations under court supervision.
Overview of the Filing
Tollanis Technology Solutions, Inc. officially filed for bankruptcy on June 19, 2026. Company president Stephen Smith signed the Chapter 11 petition as the authorized representative.
Attorney Chad Van Horn of Van Horn Law Group, P.A., is representing the company in the bankruptcy proceedings.
Case records, as available on PACER, show that the company has qualified the requirements of a small business debtor and is set to proceed under Subchapter V. Subchapter V is designed to help small businesses move through the reorganization process more efficiently and at a lower cost.
Earlier this year, another IT services provider based in Bolingbrook, Illinois, filed for Chapter 11 bankruptcy.
Indicating financial pressures across the industry, the two-decade-old company submitted its petition on April 6, 2026. Case filings showed that ITRegulators, Inc. faced a wide gap between its assets and liabilities. The company offers AI consulting, Apple device management, and more services.
About the Company
The company provides IT services and consulting solutions to clients across multiple industries. It provides managed IT services, digital transformation, and AI-enabled enterprise solutions across healthcare, manufacturing, travel, and government organizations.
Tollanis Technology Solutions, Inc. has grown its offerings to AI-focused solutions, including the GALE platform. Its website shows that the company has collaborated with Lenovo, Azure, Amazon Web Services, and more brands over the years.
Financial Details of the Filing
Case filings show that Tollanis Technology Solutions, Inc. submitted a list of creditors with the largest unsecured claims. The total sum of these claims amounted to over $1 million. Rosenkranz Homebased Services, LLC is the largest unsecured creditor, which holds a claim of $989,984.
Other names on the list include ByzFunder NY LLC, Florida Department of Revenue, PayPal Holdings Inc., and more.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
The summary of assets and liabilities suggests that the company owes more than what it owns. While its total assets are just over $183,000, its liabilities are estimated to be more than $2 million.
The company further submitted a statement of financial affairs, which shows the changes in its gross revenue from 2024 to the filing date.
The list of equity security holders showed that Stephen Smith holds 100% ownership of the company.
Other summarized details of the Chapter 11 petition are shared here:
- Filing Date: June 19, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Florida
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-18089-CAP
- Estimated Assets: Between $100,001 and $500,000
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: 1-49
- Reason for Filing: Restructure business under court supervision
The latest filing is expected to allow the company to reorganize its financial disparity and other troubles under court supervision.
