Solar firm RGS to liquidate subsidiaries after bankruptcy

DENVER — Real Goods Solar Inc. (OTCMKTS: RGSEQ) has begun liquidation of two of its regional installation groups and its financial arm.

The three subsidiaries, Alteris Renewables Inc., RGS Financing Inc. and the company behind Sunetric, all filed to begin the Chapter 7 liquidation process in the Bankruptcy Court of Colorado Monday.

Alteris and Sunetric were full-service solar installers in the Northeast region of the U.S. and Hawaii, respectively. RGS Financing was most likely a separate entity used to handle long-term payment plans for customers.

Alteris and RGS Financing listed assets of $100,000 to $500,000…