Protea Biosciences, Inc. along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of West Virginia on December 1, 2017. The debtor listed its assets of $5.17 million and liabilities of $13.65 million. The debtor is represented by Christopher Schueller and Y of Buchanan Ingersoll & Rooney LLP as its legal counsel and Compass Advisory Partners, LLC as Chief Restructuring Officer.