Taronis Fuels, Inc along with 10 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on November 11, 2022. The debtor listed its assets of $5.94 million and liabilities in the range of $10 million to $50 million. The debtor is represented by L. Katherine Good of Potter Anderson & Corroon LLP as its legal counsel.

The debtor also hired Tim Turek of Aurora Management Partners, Inc. to provide interim management and restructuring advisory services , and Donlin Recano & Company, Inc. as claims and noticing agent and administrative agent.