Teligent, Inc., along with its three affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on October 14, 2021. The debtor listed its assets in the range of $50 million to $100 million and liabilities in the range of $100 million to $500 million. The debtor is represented by S. Alexander Faris, Betsy Lee Feldman and Michael R. Nestor of Young Conaway Stargatt & Taylor, LLP as its legal counsels. The debtor also hired K&L Gates LLP appointed as legal counsel, Portage Point Partners, LLC as chief restructuring officer, Raymond James & Associates, Inc. as investment banker, and Epiq Bankruptcy Solutions, LLC as information agent.