Deep dives into major cases
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Filed April 9, 2026
Ascend Elements, a lithium-ion battery recycler valued at $1.5 billion, filed chapter 11 in S.D. Tex. on April 9, 2026, pursuing a 363 sale after the DOE cancelled $110M of a $316M grant for its Kentucky facility. Jefferies is running the sale process; no DIP facility at filing.
Filed April 8, 2026
EEW American Offshore Structures, the Paulsboro NJ manufacturer that built the first monopile foundations for U.S. offshore wind, filed chapter 11 after Orsted cancelled Ocean Wind 1 and Shell withdrew from Atlantic Shores. The $250 million facility lost its customer pipeline as federal policy turned against offshore wind.
Filed April 8, 2026
Everywhere Internet LLC and GEV IO LLC, operating as Nomad Internet, filed chapter 11 in the Northern District of Texas with near-zero assets and up to $50 million in combined liabilities. The rural wireless ISP had settled a Texas AG deceptive trade practices lawsuit for $8 million, including $2 million in refunds to over 20,000 consumers.
Filed April 6, 2026
AGA Real Estate Security LLC filed chapter 11 in the Northern District of Georgia with $1-10 million in estimated assets and liabilities. The single-asset real estate case is assigned to the Newnan division and represented by Brad Fallon of Fallon Law PC.
Filed April 6, 2026
National Road Logistics LLC, a Signal Hill CA drayage and freight carrier operating near the Port of Long Beach, filed chapter 11 with $1.6 million in assets against $43.7 million in liabilities. The filing came amid a prolonged freight recession, declining port volumes, and California regulatory pressure on drayage operators.
Filed April 3, 2026
Regener-Eyes LLC, the Palm Harbor FL biologic eye drops manufacturer, filed chapter 11 with $10-50 million in assets and liabilities. The FDA had issued a warning letter in August 2024 citing eight manufacturing violations, and the company initiated a voluntary product recall in December 2024.
Filed April 1, 2026
Beacon Light Missionary Baptist Church filed its second chapter 11 in the Eastern District of Louisiana with $3.6 million in assets and $23.3 million in liabilities. The New Orleans Gentilly church has carried mortgage debt since before Hurricane Katrina, and a prior case filed in October 2025 was dismissed after 86 days.
Filed April 1, 2026
Leestma Management LLC filed chapter 11 in the Middle District of Florida with $50-100 million in assets and liabilities across five affiliated LLCs. The filing followed a $27.9 million Independent Bank loan default and receivership dispute tied to the $250 million Adelaide Pointe waterfront development in Muskegon, Michigan.