Absolute Defense, LLC has filed for bankruptcy in North Carolina amid rising debts and a significant imbalance between assets and liabilities. The security and building-hardening company based in Kannapolis, North Carolina, is hoping to maintain operations during the process.
Absolute Defense, LLC Files for Chapter 11 Bankruptcy
According to Pacer, Absolute Defense, LLC submitted a Chapter 11 petition. The filing on November 15 shows that the security and building protection company will not stop operations as the case unfolds.
The company provides technology-driven solutions designed to protect buildings from natural disasters and man-made threats. Over the years, its glass technology, RFIR technology, SCIF rooms, and other offerings have served the Department of Defense, the White House, and more embassies.
The company also works with schools, hospitals, and commercial clients. Its services include perimeter security, intrusion detection, visitor-management systems, and closed-circuit video monitoring.
Bankruptcy Details
The filing lists the company’s total assets between $100,001 and $500,000. It reports liabilities between $1,000,001 and $10 million.
Further details, as shown in the filing by Absolute Defense, LLC, highlight that the security company owes around 49 unsecured creditors in total.
The filing mentions Tonya Cockman as the authorized representative of Absolute Defense, LLC. It adds that Attorney John C. Woodman from Essex Richards P.A. is offering legal representation to Absolute Defense, LLC in the bankruptcy case.
The Chapter 11 filing was made in the U.S. Bankruptcy Court for the Western District of North Carolina, as the security and building-hardening company has its principal place of business in Kannapolis, North Carolina.
The coming months will indicate whether the Kannapolis-based firm can stabilize its financial position and continue its long-standing security operations.
