Sientra, Inc., along with its three affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on February 12, 2024. The debtor listed both its assets and liabilities in the range of $100 million to $500 million. The debtor is represented by Laura Davis Jones of Pachulski, Stang, Ziehl & Jones LLP and Kirkland & Ellis LLP as its legal counsels.

The debtor also hired Berkeley Research Group LLP as its restructuring advisor and Stifel and Miller Buckfire as its investment banker. Epiq Corporate Restructuring, LLC acted as solicitation, claims, and noticing agent.