Hoku Corporation along with its affiliates filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Idaho on July 2, 2013. The affiliates include Hoku Solar, Inc. and Hoku Materials, Inc. The debtor listed its assets of $0.49 million and liabilities of $507.89 million. The largest unsecured creditors include Tianwei New Energy Holdings Co., Ltd, Oracle Corporation Japan, KPMG LLP, China Enterprise Appraisals Co., Ltd. and Towers Watson & Co.

The debtor is represented by Celeste K Miller of McDevitt & Miller LLP as its legal counsels. R Sam Hopkins has been appointed as the case trustee.