STG Logistics entered chapter 11 in New Jersey with a priming DIP that combines up to $150M of new money and a $143.75M roll-up, plus milestones targeting a ~125-day exit. This report covers the capital structure, DIP governance, first-day stabilization orders, and early lender objections.

STG Logistics filed chapter 11 in New Jersey with a priming DIP (new money + roll-up) and milestones targeting a ~125-day exit. Terms and dispute overview.

STG Logistics: Priming DIP and Roll-Up

STG Logistics’ New Jersey chapter 11 centers on a priming DIP combining new money and a roll-up, with milestones aiming for a fast exit. Capital structure, DIP terms, first-day orders, and objections.

STG Logistics: Priming DIP and Roll-Up in New Jersey chapter 11

STG Logistics: Priming DIP and Roll-Up Targets a Fast Exit

Pappas Piping Services, a 27-year San Jose plumbing contractor, filed chapter 11 on January 6, 2026, amid a stagnant Bay Area construction market. First-day motions seek cash collateral use and employee wage payments.

Pappas Piping claims agent: TBD. San Jose mechanical contractor with 27-year history filed amid weak Bay Area construction market.

Pappas Piping: Bay Area Contractor Files Chapter 11

Pappas Piping Services filed chapter 11 amid weak Bay Area construction. The 27-year contractor serves 10 Northern California counties.

Pappas Piping Services: 27-Year Bay Area Contractor Files Chapter 11

Pappas Piping Services: Bay Area Mechanical Contractor Files Amid Weak Construction Market

Food52 filed chapter 11 after Avidbank swept all cash on December 15, 2025. America's Test Kitchen is the stalking horse bidder at $6.5M—a 98% decline from the $300M valuation in 2021 when TCG had invested over $160M.

Food52 claims agent: Verita Global. Avidbank cash sweep left company with $0. ATK stalking horse bid of $6.5M is 98% below 2021's $300M valuation.

Food52: Avidbank Cash Sweep Triggers 98% Valuation Collapse

Food52 filed chapter 11 after Avidbank swept all cash. ATK's $6.5M stalking horse bid is 98% below the $300M peak valuation. TCG invested over $160M total.

Food52 Files Chapter 11 After Avidbank Cash Sweep; ATK Stalking Horse at $6.5M

Food52: Avidbank Cash Sweep Triggers 363 Sale After 98% Valuation Decline

United Site Services filed chapter 11 on Dec 29, 2025 with support from 75%+ of creditors to convert $2.4B of second-out term loans to equity and reduce $2.8B in funded debt.

United Site Services filed chapter 11 on Dec 29, 2025 under a prepackaged plan converting $2.4B of term loans to equity.

United Site Services: Chapter 11 Prepack

United Site Services: Chapter 11 Prepack Converts $2.4B Debt

Four entities operating two Lehigh Valley senior living facilities filed chapter 11 after a state court ordered turnover of all resident receipts. 324 residents (90 in memory care) at risk. Secured creditor holds $31.3M mortgage debt.

Whitehall Trust claims agent: Omni. Four PA senior living entities filed chapter 11 after court ordered turnover of all receipts. 324 residents at risk.

Whitehall Trust: PA Senior Living Files After Turnover Order

Four entities operating Whitehall Manor and Saucon Valley Manor filed chapter 11 after state court ordered revenue turnover. $31.3M mortgage debt acquired via HUD auction.

Whitehall Trust: Pennsylvania Senior Living Operator Files Chapter 11 to Protect 324 Residents

Whitehall Trust: Pennsylvania Senior Living Operator Files After State Court Turnover Order

FlexShopper filed chapter 11 Dec. 22, 2025 (D. Del. 25-12254) after CEO/CFO H. Russell Heiser Jr. allegedly forged loan documents, causing $140M+ overborrowing. Snap Finance affiliate ReadySett is stalking horse at $15.5M. 2022-2023 financials deemed unreliable. Warehouse lender claim: $165.8M.

FlexShopper filed chapter 11 after CEO forged $140M in loans. Snap Finance stalking horse at $15.5M. D. Del. Case 25-12254. Dec. 22, 2025 filing.

FlexShopper: CEO Fraud Triggers Chapter 11 (25-12254)

FlexShopper filed chapter 11 after CEO/CFO forged loan documents causing $140M+ overborrowing. Snap Finance stalking horse at $15.5M. 22-year-old fintech's 2022-2023 financials deemed unreliable.

FlexShopper: Executive Fraud Collapses Fintech Pioneer—Snap Finance to Acquire

FlexShopper: Executive Fraud Collapses Fintech Pioneer in Five-Month Downfall

Flipcause, Inc., an Oakland-based nonprofit fundraising platform that processed $1 billion in donations, filed chapter 11 on December 19, 2025, after Stripe froze $2.2 million in funds. The collapse followed a California AG cease-and-desist order for failing to register under AB 488, with 29

Case No. 25-12246, Bankr. D. Del. Claims agent: Epiq Corporate Restructuring. Flipcause chapter 11 363 sale process.

Flipcause: Stripe's $2.2M Freeze Sinks Nonprofit Platform

Flipcause filed chapter 11 after Stripe froze $2.2M. CA AG enforcement, federal fraud lawsuit from 29 nonprofits, and 363 sale for remaining assets.

Flipcause: Nonprofit Fundraising Platform Collapses After Stripe Freezes $2.2 Million

Newport Overlook Association, the nonprofit owners' association managing Club Wyndham's Jamestown, Rhode Island resort, filed chapter 11 on December 18, 2025, after 700 interval owners voted to close the property amid the 2025 Wyndham Resort Portfolio Refresh.

Club Wyndham Newport Overlook timeshare association files chapter 11 after 700 owners vote to close. Part of Travel + Leisure's 2025 portfolio refresh.

Newport Overlook Association: Timeshare Chapter 11 Filing

Newport Overlook Association filed chapter 11 on December 18, 2025 after interval owners voted to close the Jamestown resort. Part of Travel + Leisure's 2025 Club Wyndham portfolio refresh.

Newport Overlook Association: Rhode Island Timeshare's $500K Chapter 11

Conscious Content Media (Begin), HOMER reading app parent backed by LEGO Ventures and Sesame Workshop, filed chapter 11 December 2025 to eliminate $106.5M of $205.5M debt via prenegotiated plan. The EdTech funding collapse hit 89% from the sector's $20.8 billion 2021 peak.

Conscious Content Media filed chapter 11 on December 17, 2025 to cut $106M debt. HOMER parent backed by LEGO and Sesame faces EdTech funding collapse.

Conscious Content Media: HOMER App Maker's Chapter 11

Begin (HOMER parent) filed chapter 11 with prenegotiated plan to eliminate $106.5M debt. EdTech funding collapsed 89% from 2021 peak. Confirmation February 2026.

Conscious Content Media: HOMER App Maker Cuts $106M Debt in 65-Day Chapter 11

Bullivant Houser Bailey PC, an 87-year-old law firm, filed chapter 11 December 2025 to liquidate after closing November 1. The Portland insurance defense firm seeks to subordinate $1.64M in shareholder capital claims under Section 510(b), prioritizing trade creditors.

Bullivant Houser Bailey filed chapter 11 on December 15, 2025 after closing November 1. The 87-year-old firm seeks to subordinate $1.64M in shareholder claims.

Bullivant Houser Bailey: 87-Year Law Firm Chapter 11

Bullivant Houser Bailey filed chapter 11 to liquidate and subordinate $1.64M shareholder claims under Section 510(b). Portland firm closed after 87 years.

Bullivant Houser Bailey: 87-Year-Old Law Firm Liquidates in Chapter 11

Ample, the San Francisco-based EV battery swapping unicorn that raised $330 million from Shell, Blackstone, and Mitsubishi, filed chapter 11 on December 16, 2025. The company reduced its workforce from 198 to 2 employees before filing and is pursuing a Section 363 sale with a February 2026 auction.

Ample filed chapter 11 Dec 2025 after raising $330M+ from Shell, Blackstone, Mitsubishi. Battery swapping startup pursuing 363 sale. Full case analysis.

Ample Bankruptcy: EV Battery Swap Unicorn Files Chapter 11

Ample raised $330M+ from Shell, Blackstone, and Mitsubishi for EV battery swapping. Now in chapter 11 with 2 employees left. Section 363 sale auction set for February 2026.

Ample Chapter 11: How a $330M Battery Swapping Unicorn Ran Out of Charge

Ample: $330M Battery Swapping Unicorn's Chapter 11 Collapse

Zynex filed chapter 11 Dec. 15, 2025 (S.D. Tex. 25-90810) after TRICARE suspended payments representing 20-25% of revenue. Electrode billing increased 5,223% (2015-2022). DOJ, SEC investigations. $22.3M DIP from noteholders positions credit bid acquisition. $60M convertible notes.

Zynex filed chapter 11 after TRICARE suspended 20-25% of revenue. DOJ investigating billing. Noteholder credit bid. S.D. Tex. 25-90810.

Zynex: TRICARE Dispute Triggers Chapter 11 (25-90810)

Zynex filed chapter 11 Dec. 15, 2025 after TRICARE suspended 20-25% of revenue. Electrode billing increased 5,223% from 2015-2022. DOJ, SEC investigating. $22.3M DIP enables noteholder credit bid.

Zynex: Federal Payer Dispute Collapses Medical Device Maker

Zynex: Federal Payer Dispute Triggers Medical Device Maker's Chapter 11 Collapse

Luminar filed chapter 11 Dec. 15, 2025 (S.D. Tex. 25-90807) with $488M debt and $25M cash. Volvo terminated LiDAR partnership after reducing volumes 90%. Omni is claims agent; Quantum Computing stalking horse bid $110M for LSICo equity. Founder Austin Russell resigned after ethics inquiry.

Luminar Technologies Stalking horse: Quantum Computing Inc. $110M bid for LSICo equity.

Luminar: $488M Debt, $110M Stalking Horse

Luminar filed chapter 11 Dec. 15, 2025 in S.D. Tex. (Case 25-90807). Claims agent: Omni Agent Solutions. Quantum Computing stalking horse $110M for LSICo equity.

Luminar Technologies: $488M Debt and $110M Stalking Horse in Chapter 11

iRobot, maker of the Roomba, filed chapter 11 on December 14, 2025 after Amazon's $1.4B acquisition collapsed under regulatory scrutiny. Picea Robotics will acquire 100% ownership, eliminating roughly $254M in debt.

iRobot filed chapter 11 on Dec 14, 2025 in Delaware after the Amazon deal collapsed; Picea Robotics will acquire 100% and eliminate about $254M in debt.

iRobot: Chapter 11 Prepack and Picea Sale

iRobot: Chapter 11 After Amazon Deal Collapse, Sale to Picea

GST, Inc. (Grand Slam Track), Michael Johnson's pro track league, filed chapter 11 December 2025 after completing just 3 of 4 inaugural events. With $31.4M liabilities against $143K cash, athletes are owed $7M in prize money. Lead investor Winners Alliance provides $7.25M DIP.

Grand Slam Track filed chapter 11 after $40M investor pullout. Athletes owed $7M as Johnson's pro track league collapses with $31M debt.

Grand Slam Track: Johnson's League Files Chapter 11

Grand Slam Track filed chapter 11 December 2025 after completing three meets. $31.4M liabilities; athletes await $7M prize money. Winners Alliance provides DIP.

Grand Slam Track: Michael Johnson's League Files Chapter 11 After First Season

Howard's Appliances, a 79-year Southern California retail institution, filed for chapter 11 bankruptcy on December 10, 2025, choosing a liquidating path after S5 Equity's failed turnaround attempt. With $17.2 million in liabilities against $10 million in assets, the case reflects the collapse of

Howard's Appliances filed chapter 11 December 2025, liquidating after 79 years. S5 Equity's failed turnaround, $17.2M debt, and industry analysis.

Howard's Appliances Bankruptcy: 79-Year Retailer Liquidates

Howard's Appliances filed chapter 11 after 79 years. S5 Equity's failed turnaround, $17.2M liabilities, and collapse of independent appliance retail in California.

Howard's Appliances: 79-Year Southern California Icon Liquidates in Chapter 11

Apple Tree Life Sciences filed chapter 11 December 2025 to halt a governance dispute with Russian billionaire Dmitry Rybolovlev's Rigmora Holdings (98% of Fund capital). The $6.5B biotech VC with 30+ portfolio companies faces a bad faith dismissal motion.

Apple Tree Partners filed chapter 11 to halt governance dispute with Russian billionaire backer. $6.5B fund with no secured debt faces dismissal motion.

Apple Tree Life Sciences Chapter 11: $6.5B Biotech VC Case

Apple Tree filed chapter 11 to halt governance dispute with backer Dmitry Rybolovlev. $6.5B biotech fund with 30+ portfolio companies faces dismissal.

Apple Tree Life Sciences: $6.5B Biotech VC Fund Files Chapter 11 Amid Governance Battle

Oroville Hospital filed chapter 11 December 2025 after UMB Bank swept $27.1M from accounts. A $196M expansion tower completed March 2025 has never opened. Court rejected "very onerous" DIP from Rosemar; bondholders now provide $40M DIP financing.

Oroville Hospital: $196M Tower Triggers Chapter 11 Sale

Oroville Hospital filed chapter 11 after UMB Bank swept $27.1M. California nonprofit's $196M expansion tower completed 2025 has never opened, driving sale.

Oroville Hospital: $196M Tower Never Opened, Bond Sweep Triggers Chapter 11

Dynacq Healthcare filed chapter 11 December 2025 to sell its Pasadena surgical facility via 363 sale. The company holds one of ~250 physician-owned hospital licenses remaining—an irreplaceable asset post-ACA. Surgeon departures and copper theft vandalism triggered the filing.

Dynacq Healthcare filed chapter 11 on December 8, 2025 to sell its rare physician-owned hospital. Copper theft and surgeon departures triggered the filing.

Dynacq Healthcare: POH License at Center of 363 Sale

Dynacq filed chapter 11 to sell Pasadena surgical facility. Rare physician-owned hospital license—one of ~250 in U.S.—is key asset. Auction February 2026.

Dynacq Healthcare: Rare POH License Anchors 363 Sale After Copper Theft

Kauai Beach Villas, a 150-unit timeshare resort, filed Subchapter V December 2025 after a 2020 flood revealed $70M+ in 1980s construction defects. Two buildings closed; 16% assessment defaults. Association pursues Section 363(h) sale to liquidate 7,000 ownership interests.

Kauai Beach Villas filed Subchapter V after 2020 flood revealed $70M in 1980s defects. Section 363(h) sale targets 7,000+ owner interests.

Kauai Beach Villas: $70M Defects Force Timeshare Sale

Kauai Beach Villas timeshare resort filed chapter 11 Subchapter V on December 5, 2025 after flood revealed $70M in construction defects. Two buildings closed; Association pursues Section 363(h) sale.

Kauai Beach Villas: 2020 Flood Reveals $70M in Hidden Construction Defects

Fairfield Williamsburg Property Owners Association filed chapter 11 Subchapter V on December 5, 2025, seeking to sell a 42-acre timeshare resort through Section 363(h). With $34M in deferred maintenance against $16.8M cash, 99.42% of owners approved the bankruptcy to facilitate a unified property

Fairfield Williamsburg Bankruptcy: 363(h) Timeshare Sale

Fairfield Williamsburg timeshare filed Subchapter V for 363(h) sale. $34M deferred maintenance drove 99.42% owner approval for 10,192-estate resort liquidation.

Fairfield Williamsburg: Timeshare Association Seeks 363(h) Sale in Subchapter V Case

Buddy Mac Holdings, largest Buddy's Home Furnishings franchisee with 84 stores, filed chapter 11 December 2025 with 49 affiliates after Franchise Group bankruptcy triggered supplier credit cuts. Distressed debt buyer Phonix RBS drove foreclosure on $12.6M secured loan amid $38M counterclaim.

Buddy Mac Holdings filed chapter 11 with 49 affiliates after franchisor bankruptcy triggered supplier credit crisis. Complete 50-debtor case analysis.

Buddy Mac Holdings: Franchisor Collapse Triggers Chapter 11

Largest Buddy's Home Furnishings franchisee files 50-entity chapter 11 after Franchise Group bankruptcy triggers supplier credit crisis. Complete case analysis including $38M counterclaim.

Analysis of The Stephan Company's November 2025 chapter 11 filing after 500+ talc lawsuits. The 128-year-old barber company acquired Old 97 Company (1988) and Cashmere Bouquet Talc (1995), and now seeks a Section 524(g) trust funded by Fireman's Fund insurance.

The Stephan Company filed chapter 11 in November 2025 after 500+ talc lawsuits. The 128-year-old barber brand seeks a Section 524(g) trust for asbestos claims.

Stephan Company Bankruptcy: 524(g) Talc Trust Filing

Analysis of The Stephan Company's chapter 11 filing after 500+ talc lawsuits. The historic barber brand is pursuing a Section 524(g) trust funded by Fireman's Fund insurance.

The Stephan Company: 128-Year-Old Barber Brand's Section 524(g) Talc Bankruptcy

Diablo Grande CFD No. 1 filed Chapter 9 municipal bankruptcy on November 25, 2025 after years of developer failures and bond defaults. The California Mello-Roos district has a 74.6% special tax delinquency rate—the highest in the state—and nearly $4 million in unpaid bond obligations.

Diablo Grande claims agent: Verita Global. Chapter 9 bankruptcy with 74.6% tax delinquency and $3.87M bond defaults.

Diablo Grande CFD Chapter 9: Mello-Roos Bankruptcy Analysis

The Diablo Grande Community Facilities District filed Chapter 9 bankruptcy in November 2025. With 74.6% tax delinquency and $600/month water rates, residents confront 30 years of developer failures.

Diablo Grande CFD: How California's 28,500-Acre Dream Became a Chapter 9 Bankruptcy

Diablo Grande CFD: California's Failed Mega-Development Files Chapter 9

PosiGen, the New Orleans-based Public Benefit Corporation serving 40,000+ low-income solar customers across 15 states, filed chapter 11 on November 24, 2025 amid allegations of double-pledging assets, fund diversion, and multiple trustee motions. Brookfield controls DIP and credit bid process.

Case No. 25-90787, Bankr. S.D. Tex. Claims agent: Kroll Restructuring Administration. PosiGen chapter 11 case.

PosiGen Bankruptcy: Solar B Corp Files Chapter 11 in Texas

PosiGen pioneered solar for low-income households. Now in chapter 11 with fraud allegations, trustee motions, and 470 employees laid off. Brookfield controls the sale process.

PosiGen Chapter 11: How a Solar B Corp Serving Low-Income Customers Collapsed Amid Fraud Claims

PosiGen: Solar B Corp's Collapse Amid Fraud Allegations

Clearside Biomedical, pioneer of suprachoroidal drug delivery and developer of XIPERE, filed chapter 11 with no funded debt. Equity holders contest $2.7M stalking horse bid, arguing Phase 3-ready CLS-AX program for wet AMD and $502M+ NOLs support valuations of $10.3M-$20.3M.

Clearside Biomedical's 363 sale faces equity holder challenge. No funded debt means shareholders may recover value from $2.7M stalking horse.

Clearside Biomedical: Equity Challenges $2.7M Sale Bid

Clinical-stage biotech with XIPERE and Phase 3-ready CLS-AX enters chapter 11 with no debt. Ad Hoc Group argues $2.7M stalking horse undervalues $502M+ NOLs and wet AMD pipeline.

Clearside Biomedical: Debt-Free Biotech Bankruptcy Sparks Equity Holder Fight

Clearside Biomedical: Equity Holders Challenge $2.7M Stalking Horse in Debt-Free Bankruptcy

American Signature, Columbus-based furniture retailer (Value City Furniture), filed chapter 11 November 2025 with $147.9M stalking horse bid from a Schottenstein family affiliate. The 77-year-old chain cited housing market collapse and tariff pressures.

American Signature bankruptcy: Value City Furniture owner filed ch. 11 in Delaware to run a 363 sale (stalking horse $147.9M). Closings and timeline.

American Signature: Bankruptcy and Value City Furniture Sale

Value City Furniture owner filed chapter 11 Nov 2025 with a $147.9M stalking horse bid and cited housing slump and tariff pressures.

American Signature: $147.9M Stalking Horse in Chapter 11

SpiriTrust Lutheran, an 80-year-old non-profit CCRC operator serving 6,400 residents across six Pennsylvania life plan communities, filed chapter 11 on November 21, 2025. Lutheran Social Ministries of New Jersey is stalking horse bidder for the January 2026 auction.

Case No. 1:25-bk-03341, Bankr. M.D. Pa. Claims agent: Stretto. SpiriTrust Lutheran chapter 11 case.

SpiriTrust Lutheran Chapter 11 Bankruptcy: CCRC 363 Sale

Pennsylvania non-profit CCRC operator with 6 facilities and 6,400 residents files chapter 11. LSMNJ stalking horse bid with January 2026 auction. $83.3M secured debt, $12.2M DIP financing at 12%.

SpiriTrust Lutheran: 80-Year Senior Care Provider Files Chapter 11 for 363 Sale

SpiriTrust Lutheran: 80-Year Senior Care Provider Pursues 363 Sale

GBI Services and Nicklaus Companies filed chapter 11 bankruptcy in Delaware after a $50 million defamation verdict awarded to Jack Nicklaus. The case involves approximately $493 million in prepetition debt, a disputed $476 million lien characterization, and a high-stakes battle for control

Jack Nicklaus won $50M defamation verdict against Nicklaus Companies. Chapter 11 filing reveals $493M debt, disputed liens, and auction set for February 2026.

Nicklaus Companies: $50M Verdict Triggers Chapter 11

GBI Services and Nicklaus Companies filed chapter 11 after Jack Nicklaus won $50M defamation verdict. Billionaire Howard Milstein's $476M lien disputed as auction approaches.

Nicklaus Companies: $50M Defamation Verdict Triggers Chapter 11 and Brand Fight

Nicklaus Companies: $50M Verdict Triggers Fight for Golf Legend's Brand

The Buckingham, a 495-unit continuing care retirement community in Houston's River Oaks neighborhood, filed chapter 11 for the second time in four years after its 2021 restructuring failed. Focus Healthcare Partners' $100M stalking horse bid offers zero recovery for former residents owed entrance

Buckingham claims agent: Epiq. Houston CCRC files second bankruptcy after 2021 restructuring fails. Focus Healthcare $100M bid offers zero fee recovery.

Buckingham Senior Living: Second Chapter 11 in Four Years

The Buckingham, a 495-unit Houston CCRC, files chapter 11 for the second time in four years. Focus Healthcare's $100M stalking horse bid converts property to rental with zero entrance fee recovery.

Buckingham Senior Living: Houston CCRC's Second Bankruptcy in Four Years

Hansen-Mueller Co., a Nebraska-based grain merchandiser with nine elevators and five port terminals, filed chapter 11 on November 17, 2025, after losing approximately $39.5 million on failed ventures including a pasta plant, trading software, and elevator acquisitions.

Grain dealer files ch. 11 after $39.5M in failed ventures. 1,000+ farmers across 34 states.

Hansen-Mueller: Grain Dealer's $39.5M Collapse Hits Farmers

Nebraska grain merchandiser with 30M bushel capacity files chapter 11 after losing $39.5M on failed ventures. Texas farmers invoke Section 557 for $1.4M claims. Redwood Group leads 27-lot auction.

Hansen-Mueller: Grain Dealer Collapse Leaves 1,000+ Farmers Across 34 States Seeking Recovery

Lugano Diamonds & Jewelry filed chapter 11 on November 16, 2025 after parent company CODI said founder Moti Ferder orchestrated a fraud involving fabricated invoices and unauthorized investment contracts. CODI said it was owed $718 million on its $256 million investment as the FBI investigated.

Lugano Diamonds filed chapter 11 on Nov 16, 2025 in Delaware after CODI alleged a $718M fraud; the case is a liquidation.

Lugano Diamonds: $718M Fraud-Driven Chapter 11

Lugano Diamonds filed chapter 11 on Nov 16, 2025 after CODI said founder Moti Ferder orchestrated a fraud; CODI reported $718M owed on a $256M investment.

Lugano Diamonds: $718M Fraud Fallout and Chapter 11 Liquidation

Skyline Tower Resort Vacation Condominium Association filed chapter 11 Subchapter V in November 2025 after 99.93% of voting interests authorized sale of the 32-story Atlantic City timeshare. With $34 million in capital needs and $2.48 million in delinquent maintenance fees, PTVO's 67.81% majority

Skyline Tower claims agent: Omni. Subchapter V filed Nov 2025 to sell Atlantic City timeshare via 363(h), liquidating 8,848 owners' interests.

Skyline Tower: Atlantic City Timeshare Chapter 11 Sale

Skyline Tower filed Subchapter V after 99.93% vote authorized Atlantic City timeshare sale. PTVO's 67.81% majority forces 363(h) liquidation of 8,848 owners' interests amid $34M capital needs.

Skyline Tower Resort: 32-Story Atlantic City Timeshare Pursues Section 363(h) Liquidation

Skyline Tower Resort: Atlantic City Timeshare Pursues Section 363(h) Liquidation

Pine Gate Renewables, one of America's largest solar developers with a 30+ GW pipeline, filed chapter 11 in November 2025 after Blue Ridge Power's collapse and failed prepetition marketing. The case featured a three-way stalking horse structure with $1.4-1.5B in credit bids from Brookfield,

Case No. 25-90669, Bankr. S.D. Tex. Claims agent: Omni Agent Solutions. Pine Gate Renewables chapter 11.

Pine Gate Renewables: $7B Solar Developer Chapter 11

One of America's largest solar developers filed chapter 11 after Blue Ridge Power collapse. Three-way stalking horse structure with $1.4-1.5B in credit bids from Brookfield, Carlyle, and Fundamental.

Pine Gate Renewables: $7 Billion Solar Giant's 43-Day Chapter 11 Sale

Star Island Vacation Ownership Association, a Kissimmee timeshare HOA near Disney World, filed Subchapter V November 2025 despite $11.56M cash. With $12.9M repairs needed, the Association pursues 363(h) sale rather than special assessments. PTVO and Wyndham hold 62.32%.

Star Island Vacation Star Island ch. 11 case.

Star Island Vacation: Timeshare HOA's Subchapter V Sale

Star Island Vacation filed Subchapter V to pursue 363(h) sale. Despite $11.56M cash, $12.9M capital needs drove liquidation. Wyndham legacy resort near Disney.

Star Island Vacation: Disney-Area Timeshare HOA Pursues $11.5M Orderly Liquidation

Klöckner Pentaplast, the €2 billion Luxembourg packaging manufacturer, completed a prepackaged chapter 11 in 42 days, eliminating €1.3 billion debt. First lien creditors took 100% equity from Strategic Value Partners through the November 2025 proceedings via Kleopatra Finco.

Case No. 25-90642, Bankr. S.D. Tex. Claims agent: Stretto. Klockner Pentaplast prepack chapter 11.

Klöckner Pentaplast: €1.3B Prepackaged Chapter 11 Closes

Luxembourg-based €2B packaging manufacturer eliminates €1.3B debt through prepackaged chapter 11. Strategic Value Partners exits after 13 years as first lien creditors take 100% reorganized equity.

Klöckner Pentaplast: €1.3B Debt-for-Equity Prepackaged Plan Confirms in 42 Days

Five Star Development filed chapter 11 November 2025, eight days before Madison Realty's $585M loan foreclosure—after a Texas court found Madison engaged in "manipulation and fraud." The filing protects a $2 billion Ritz-Carlton Paradise Valley development with 80 branded Villas and FENDI

Five Star Development: $2B Ritz-Carlton Halts Foreclosure

Five Star Development filed chapter 11 November 2025 to protect $2B Ritz-Carlton Paradise Valley. Madison's foreclosure stayed after court found manipulation and fraud.

Five Star Development: $2B Ritz-Carlton Project Halts Madison Foreclosure

Norcold LLC's November 2025 chapter 11 filing ends a 66-year manufacturing legacy. The RV refrigeration company faces $344 million debt, 10,500+ product liability claims from a 2010 fire recall, and an 82% revenue collapse as technology shifted to DC compressors.

ch. 11 filing: $344M debt, 10,500+ fire claims, 82% revenue collapse. RV fridge maker liquidates amid tech shift.

Norcold: Fire Recall Ends 66-Year RV Refrigerator Pioneer

Norcold files chapter 11 with $344M debt and 10,500+ fire claims from 2010 recall. 66-year RV refrigerator manufacturer liquidates as industry shifts to DC compressor technology. DCA stalking horse.

Norcold: Fire Risk Recall and Technology Shift End 66-Year RV Refrigeration Pioneer

Norcold: 66-Year RV Refrigeration Pioneer Falls to Fire Risk Recall and Technology Shift

The Diocese of Alexandria became the 41st Roman Catholic diocese to file chapter 11 bankruptcy on October 31, 2025, facing 85 clergy sexual abuse claims. The central Louisiana "Mission Diocese" proposes a $4 million victim compensation trust as it navigates Louisiana's extended lookback window.

Diocese of Alexandria becomes 41st U.S. Catholic diocese in chapter 11, addressing 85 abuse claims with $4M victim trust under Louisiana's lookback window.

Diocese of Alexandria: Chapter 11 Over 85 Abuse Claims

Central Louisiana's "Mission Diocese" files chapter 11 to address 85 clergy abuse claims. Proposed $4M victim trust and Louisiana's lookback window shape the early-stage case.