SAExploration Holdings, Inc., along with its four affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on August 27, 2020. The debtor listed its assets as $166.74 million and liabilities as $110.49 million. The debtor is represented by John F Higgins, IV of Porter Hedges LLP as its legal counsel. The debtor also hired Imperial Capital, LLC and its affiliates as its investment banker and Winter Harbor LLC and its affiliates as its financial advisor. Epiq Corporate Restructuring, LLC acted as claims, noticing and solicitation agent.