The debtor and 17 affiliates, which include S&W Fine Foods Inc. and Contadina Foods Inc., filed its petition in the U.S. Bankruptcy Court for the District of New Jersey on July 1, listing $1 billion to $10 billion in assets and liabilities.

Wolfspeed filed for Chapter 11 bankruptcy Monday, June 30, a step in a previously-announced restructuring plan to reduce the company’s $6.7 billion in debt by 70%.

Under the plan, Wolfspeed expects to emerge from bankruptcy by the end of the third quarter, subject to court approval and creditor support. Creditors representing a majority of i