PetroShare Corp., along with its one affiliate filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Colorado on September 4, 2019. The debtor listed both its assets and liabilities in the range of $10 million to $50 million. The debtor is represented by Trey A. Monsour of Polsinelli PC as its legal counsel. The debtor also hired MACCO Restructuring Group, LLC as its Financial Advisor and Drew McManigle of MACCO Restructuring Group, LLC as its Chief Restructuring Officer, and Gordian Group, LLC as investment banker with Monthly fees of $20,000. Jason L. Boland of Norton Rose Fulbright US LLP acted as legal counsel and John D. Baumgartner of Stout Risius Ross, LLC as financial advisor for the official committee of unsecured creditors.