Level Solar, a Manhattan-based provider of rooftop solar power, filed for chapter 11 protection on Monday, citing debts in excess of $5 million, Newsday reported. The company listed assets of between $50 million and $100 million, and more than 200 creditors. Among the creditors was Hauppauge, N.Y.-based Cooper Electric Supply Co., its primary electric equipment and parts supplier, which is owed more than $4.5 million, according to the filing in federal bankruptcy court in Manhattan. Level Solar sought bankruptcy court approval to hire a forensic accounting firm to look into “potential financial and other misconduct” of a former company official “and possibly others,” according to the filing.
