FirstRain, Inc., an enterprise software company headquartered in San Mateo, CA, has filed voluntary petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-11249). FirstRain’s petition estimates both its assets and liabilities to be between $1 to $10 MM. According to the First Day Declaration, FirstRain has filed due to a debt overhang and an inability to refinance its existing secured obligations. FirstRain enters Chapter 11 having entered into a restructuring support agreement with ESW Capital, LLC, the proposed DIP Lender and Plan Sponsor, and Pacific Western Bank, FirstRain’s prepetition lender. JND Corporate Restructuring is the proposed claims and noticing agent. The case has been assigned to the Honorable Laurie Selber Silverstein.