Monitronics Files for Bankruptcy Again Ahead of 2024 Maturities

Home security and alarm company Monitronics International Inc. filed for Chapter 11 bankruptcy for a second time after grappling with a heavy debt load.

The company listed $1 billion to $10 billion in estimated assets and the same range for liabilities in its petition filed in the Southern District of Texas.

The Dallas-based firm, which operates as Brinks Home Security, faced more than $1 billion of debt coming due in 2024. It earlier hired bankers at PJT Partners to assess options to tackle its debt load, Bloomberg reported.

Monitronics previously filed for bankruptcy in 2019 with a plan that gave ...