Simple Solar LLC files for Chapter 11 bankruptcy

BOULDER – Simple Solar Systems LLC has filed for protection from creditors under Chapter 11 bankruptcy.

The Boulder-based solar-installation company filed for bankruptcy May 13 and reported owing a total of about $3 million to 90 creditors, said RJ Harrington, the company’s external affairs director.

Simple Solar owes roughly $1.5 million to the top five creditors, according to court documents, with the top two being owed about $450,000 each. The company has about $1 million in assets, Harrington said.

He attributes the bankruptcy filing to the company straying from its core competency: residential and small- to medium-size commercial solar installations. Instead, for much…