Hoboken's Liquid Holdings Group files for Ch. 11

Eric Strauss//January 28, 2016//

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Hoboken-based software-as-a-service provider Liquid Holdings Group Inc. has filed for Chapter 11 bankruptcy protection, it announced Wednesday.The company said in a news release that it, along with subsidiary Liquid Prime Holdings LLC, has filed a voluntary petition in the U.S. Bankruptcy Court for the District of Delaware. It will continue to operate, however, as a debtor-in-possession, it said. That would allow the company to continue to conduct business without interruption, so long as the court approves its motions.

Blank Rome LLP is serving as Liquid’s counsel, while Carl Marks Advisory Group LLC is serving as bankruptcy financial adviser and SenaHill Advisors LLC as investment banker.