Atlantic Subsea, Inc. has filed a voluntary Chapter 11 petition. The available court records do not specify the reasons for the filing. The Bridgeport, New Jersey-based company provides marine construction and subsea engineering services.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Atlantic Subsea, Inc. Enters Bankruptcy
Case records, as available on the PACER database, show that the company submitted its petition on August 20, 2026. The filing comes after nearly 32 years of operations in Bridgeport, New Jersey.
Company president Vinod Menezes signed the petition before it was filed in the court. Attorney Albert A. Ciardi, III of Ciardi Ciardi and Astin is representing the company in the latest proceedings.
Case Related Details
Court records show that Atlantic Subsea, Inc.’s range of assets is greater than its range of liabilities. However, the records further note that after administrative expenses are paid, no funds will be available for distribution to the unsecured creditors. As of now, the petition has listed between 100 to 199 creditors.
A summarized version of the Chapter 11 petition is shared here:
- Filing Date: August 20, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of New Jersey
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-19467
- Estimated Assets: Between $10,000,001 and $50 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 100 and 199
About the Company
Atlantic Subsea, Inc. operates as a marine services company, providing underwater and marine engineering solutions. Its services cater to the utility, defense, energy, waterways, and ports sectors.
The company website shows that it was established in 1994 by marine specialists led by Vinod Menezes. It originally focused on the design, repair, and rehabilitation of intake structures for power plants. The company’s early clients included Con Edison, Duke Energy, PSEG, and PECO. After this, it widened its operations to the ports of New York and Philadelphia.
The company provides technically advanced and cost-effective marine services, with expert offerings in underwater and marine engineering. Its marine fleet helps it to support a range of underwater construction, rehabilitation, maintenance, and infrastructure projects.
With the reasons for the filing not clearly stated in the court records, new developments in the case are expected to clarify Atlantic Subsea, Inc.’s restructuring plans.
