ADDvantage Technologies Group, Inc. along with its three affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Eastern District of Texas on January 31, 2024. The debtor listed its assets in the range of less than $0.50 million and liabilities in the range of $10 million to $50 million. The debtor is represented by Kyle Woodard of Kane Russell Coleman Logan PC as its legal counsel.

Linda S Payne has been appointed as the case trustee. The debtor also hired Glassratner Advisory & Capital Group, LLC d/b/a B. Riley Advisory Services, as advisors, accountants.