Xtera Communications, Inc., along with its seven affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on November 15, 2016. The debtor listed its assets of $50.47 million and liabilities of $66.46 million. The debtor is represented by Stuart M. Brown of DLA Piper LLP (US) as legal counsel. Debtor appointed Epiq Systems, Inc. as its claims and noticing agent and Cowen and Company, LLC as its financial advisor.