Cypress Environmental Partners, L.P., along with its 18 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on May 8, 2022. The debtor listed its assets in the range of $10 million to $50 million and liabilities in the range of $50 million to $100 million. The debtor is represented by James Tillman Grogan, III of Paul Hastings LLP as its legal counsel.

The debtor also hired FTI Consulting, Inc. as its financial advisor and Piper Sandler & Co. as its investment banker. KCC acted as notice and claims agent and administrative advisor.