Chapter 11 case briefings and analysis
Pacific Capital Funding Group, parent of the Pacific Private Money hard-money lending operation, and 12 affiliates filed chapter 11 in the Northern District of California to wind down a collapsed $140 million private mortgage-fund business now under SEC, DOJ, FBI, IRS, and California DFPI investigation.
Filed June 15, 2026
Searles Valley Minerals, a 113-year-old critical-minerals producer at California's Searles Lake, filed Chapter 11 in Delaware to run a court-supervised Section 363 going-concern sale, backed by about $40 million in parent DIP and TATA Chemicals supplier financing.
Filed June 15, 2026
Hallmark Financial Services, a Dallas insurance holding company, filed a prepackaged chapter 11 in the Northern District of Texas under a restructuring support agreement with Hildene Capital, restructuring roughly $52.2 million of senior unsecured notes through a dual-track toggle plan.
Filed June 10, 2026
Danskammer HoldCo, owner of a 532 MW natural-gas peaking plant in Newburgh, New York, filed a debt-light chapter 11 in Delaware to halt the grid operator NYISO from seizing its capacity revenue over a disputed $13.45 million penalty, and to run a section 363 sale of the plant.
Filed June 9, 2026
Systematic Audio, the maker of Sundown Audio car-audio equipment, filed chapter 11 in the Western District of North Carolina to halt a $21 million-plus jury verdict and cascading lender defaults, carrying roughly $25 million of secured debt and facing a creditor push for a chapter 11 trustee.
Filed June 8, 2026
Centre Lane-owned home textiles wholesaler Simply Interior Homes filed chapter 11 in Delaware with roughly $17.9 million of secured debt and a $15 million DIP, pursuing a going-concern sale of substantially all assets toward a July 30 auction.
Filed June 7, 2026
GoHealth filed a prepackaged chapter 11 in Delaware on June 7, 2026, handing all equity to Blue Torch-agented first lien lenders on ~$772 million of funded debt. Common stockholders split a $10 million cash pool as shares face delisting; the case runs on cash collateral toward a July 31, 2026 exit.
Filed June 4, 2026
DAMIS Holdings LLC, part of a 150-plus-entity resort, summer-camp, and real estate group owned by the Shabsels family, filed chapter 11 in New Jersey on June 4, 2026 under merchant-cash-advance pressure, drawing immediate cash-collateral objections from secured lenders TriState Capital Bank and First Financial Bank.
Filed June 4, 2026
SIMAD Holdings filed chapter 11 on June 4, 2026 after defaulting on a ~$214M Israeli (TASE) Series A bond as ~$100M of merchant cash advances matured. The freefall case runs on contested cash collateral with no DIP, and a new CRO is taking control of bank accounts from the controlling shareholders.
Filed June 4, 2026
Brewster Heights Packing & Orchards and 12 affiliates filed chapter 11 June 4, 2026 in Washington with $240M in funded debt. The Gebbers family tree-fruit operation is pursuing a 363 sale; U.S. Farming Realty Trust is the stalking horse and Sandton Capital is the proposed DIP lender.
Filed June 3, 2026
Inotiv's June 3, 2026 prepackaged Chapter 11 (S.D. Tex.) cuts ~$326M of debt via a debt-for-equity swap: first-lien lenders take 93% of new equity, existing stock is wiped out, Envigo-related DOJ claims are reinstated. Funded by a $65M DIP rolling into a $150M exit loan. Hearing July 14, 2026.
Get case briefings
Recent chapter 11 developments, delivered by email.
