Novation Companies, Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on August 13, 2023. The debtor listed its assets in the range of less than $0.05 million and liabilities in the range of $50 million to $100 million. The debtor is represented by Kristin L McElroy, Allison S Mielke and Robert F. Poppiti, Jr. of Young Conaway Stargatt & Taylor, LLP as its legal counsels.