Level Solar files for Chapter 11

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“And just like that, they were gone. As of today, Level Solar’s website is offline, their phone has an out-of-hours message in the middle of the day, and former employees are stating that everyone has been let go.”

That was the lead on pv magazine Americas Editor Christian Roselund’s September story when Level Solar inexplicably and mysteriously disappeared from the solar industry – literally overnight.

At the time, no details were available to illuminate what happened.

The filing appears to be pretty standard, however there are a number of allegations relating to the activities of its former CEO, who had been let go in June. These claims have been contested in the bankruptcy court, and pv magazine is not in a position to comment on the accuracy or inaccuracy of any of these claims.

The company reports that it owed more than 200 creditors between $1 million and $10 million. The decision to file for bankruptcy was made at an emergency meeting of the company’s board of directors on Sunday.

 

Update: This article was modified at 5:50 PM on April 5, 2018 to remove sections that do not have a direct bearing on the bankruptcy filing.