Altera Infrastructure L.P., along with its 37 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on August 12, 2022. The debtor listed its assets of $4.20 million and liabilities in the amount of $289.21 million. The debtor is represented by Victoria Nicole Argeroplos, Matthew D Cavenaugh, Rebecca Blake Chaikin and Kristhy M Peguero of Jackson Walker LLP as its legal counsels.

The debtor also hired FTI Consulting, Inc. and Quinn Emanuel Urquhart & Sullivan LLP as its workout specialists and Evercore Group L.L.C. as its financial advisor. Stretto has been appointed as claims and noticing agent.