Quotient Limited filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on January 10, 2023. The debtor listed both its assets and liabilities in the range of $100 million to $500 million. The debtor is represented by James Tillman Grogan, III of Paul Hastings LLP as its legal counsel.

The debtor also hired Perella Weinberg Partners L.P as financial advisor and Benjamin J. Steele of Kroll Restructuring Administration LLC as claims, noticing, and solicitation agent.