PFO Global, Inc., along with its four affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of Texas on January 31, 2017. The debtor listed its liabilities of $22.47 million and no assets. The debtor is represented by Nathan M. Nichols and Rosa R. Orenstein of Orenstein Law Group, P.C. as its legal counsel. The official committee of unsecured creditors is represented by Bernice C. Lee and Bradley Scott Shraiberg of Shraiberg, Ferrara, Landau & Page, P.A. and Eric M. Van Horn and Nicholas Zugaro of McCathern, PLLC as legal counsels. The debtor appointed Haynes and Boone, LLP as special counsel, for a monthly fee of upto $10,000.