In December 2016, Roust filed for Chapter 11 and emerged from bankruptcy in 7 days – making it the fourth shortest Chapter 11 reorganization in history and the first in the Southern District of New York. The stigma associated with bankruptcy in Eastern Europe, where Roust is headquartered, necessitated a speedy restructuring to dispel panic and speculation among its stakeholders. Additionally, substantial financial obligations were due in January 2017 and the company needed the capital infusion provided for in the plan to make those payments.
Epiq helped Roust execute a historic plan confirmation process. Company emerged from Chapter 11 in seven days, making it the fourth-shortest Chapter 11 reorganization in history and the first in the southern district of New York.