Enertech Environmental Inc. is in the process of being liquidated. The bond debt would be the senior claim against the proceeds from the liquidation of its assets.
A Southern California company with $157 million of municipal bonds and once hailed as a model of cutting-edge technology is in liquidation. Enertech Environmental Inc. is in the process of being liquidated, said Geoffrey Berman, a vice president at Development Specialists Inc., a restructuring firm.