Mil-tek USA Recycling and Waste Solutions, Inc., a Sterling, Virginia-based company, has filed for Chapter 11 bankruptcy. The company manufactures and distributes recycling and waste management equipment.
Case filings suggest that the company is planning to reorganize its debts through the proceedings. Its offerings related to waste management are expected to continue without any disruptions.
Mil-tek USA Recycling and Waste Solutions, Inc. Files for Bankruptcy
The company has decided to proceed under Subchapter V of Chapter 11. According to the case filings shown on the PACER database, it has managed to choose this filing type after qualifying for the requirements of a small business debtor.
Craig M. Palik of McNamee Hosea, P.A., is representing the case for Mil-tek USA Recycling and Waste Solutions, Inc.
Proceedings are being handled in the U.S. Bankruptcy Court for the Eastern District of Virginia.
Company Faces Over $2 Million in Unsecured Claims
Case filings show that Mil-tek USA Recycling and Waste Solutions, Inc. has listed up to 49 creditors in its petition. It then submitted a list of creditors who have the 20 largest unsecured claims and are not insiders. The total sum of these claims is more than $2 million.
Filing details state that NorEast Capital Corporation holds the largest unsecured claim at over $840,000. Other unsecured creditors included Ascentium Capital, LLC, Truist Bank, Navitas Credit Corp, and more.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
Highlights from the Petition
CEO and President Daniel J. Perti signed the Chapter 11 petition as the authorized representative. Other details sourced from the filings are summarized below:
- Filing Date: May 14, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Eastern District of Virginia
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-11171-KHK
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
About the Company
Founded in 1992, the company is a global manufacturer and supplier of air-powered balers and compactors. According to its website, the ISO 9001-certified company’s range of waste management equipment is used to process several materials, such as cardboard, paper, plastics, EPS, steel cans, drums, and general waste.
With the Chapter 11 petition now filed, the Sterling, VA-based company is set to undergo restructuring amid creditor obligations. Court rulings in the upcoming days are expected to also shape its future position as a waste management equipment company.
