Global Energy Holdings Group, Inc. announced Nov. 25 that it is voluntarily seeking to reorganize itself and four of its subsidiaries under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The filing will allow the company to continue its operations in the normal course through the financial restructuring process.

The company also intends to file four first day motions which it believes are necessary to enable the debtors operate in Chapter 11 with a minimum disruption and loss of productivity.

“Global determined that it was prudent to file for Chapter 11 at this time in order to restructure its business under the protection of the bankruptcy court,” the release read.

In 2008, the company focused its operations on the development of renewable energy projects, such as biomass gasification and landfill gas-to-energy projects, and chose to exit its legacy ethanol business.

“Global will continue an orderly liquidation of its non-core assets and develop business opportunities upon which it may structure its emergence from Chapter 11,” according to the release. “The decision to pursue reorganization under Chapter 11 came after extensive efforts to improve Global’s liquidity and pursue strategic alternatives.”