IMRIS, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on May 25, 2015. The affiliates include NeuroArm Surgical Limited and IMRIS Inc. The debtor listed its assets and liabilities in the range of $10 million to $50 million. The largest unsecured creditors include Siemens Ltd. (Australia), Siemens Medical Solutions USA, Inc., Trumpf Medical Systems, Inc., Oregon Health & Science University, Nicklaus Children's Hospital, Methodist Hospital, BayCare Health System, Inc., The University of California, San Diego Health System, Tampa General Hospital Foundation, Inc., HCA Health Services of Virginia, Inc. The debtor is represented by R. Craig Martin of DLA Piper LLP (US) as its legal counsel.

The debtor hired Imperial Capital, LLC as investment bank. The debtor also hired Andrew Hinkelman of FTI Consulting, Inc., as chief restructuring officer.