Lithium Technology Corp. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia on December 5, 2014. The debtor listed its assets of $92.16 million and liabilities of $28.26 million.

The largest unsecured creditors include Amberley Advisory Ltd., Arch Hill Capital N.V., DRS Systems, Inc., EisnerAmper LLP, EPV Corp., FMSUD Consultancy B.V., GAIA Akkumulatorenwerke GmbH, Gaia Holding BV, Ouida Management Consultancy B.v and Robert Half Management Resources, Inc. The debtor is represented by Michael E. Hastings of Whiteford, Taylor & Preston LLP as its legal counsel. American Legal Claim Services, LLC represented as noticing, claims and balloting agent for the debtor with a retainer of $7,500.