Overview
- The Dallas-based parent of Newpro filed for Chapter 7 liquidation in Delaware, ending operations across multiple regional brands.
- Newpro ceased business around Oct. 28–29 with employees terminated and benefits cut off, according to closure notices reported by local media.
- Bankruptcy documents list liabilities of roughly $100 million to $500 million against reported assets of less than $100,000.
- Customers with unfinished projects are largely unsecured creditors, though those who paid by credit card may seek chargebacks and all are directed to file claims.
- A creditors' meeting is scheduled for Dec. 12 via Zoom as authorities and consumers weigh potential WARN Act and consumer protection complaints.