Coverage, page 10

Source-backed chapter 11 research on recent filings, claims processes, and case developments.

542 articles

Showing 109 to 120 of 542 coverage articles

Week of May 18, 2026

First Brands Group: Liquidating Plan Follows $2.3B Fraud Collapse

First Brands Group filed chapter 11 in September 2025 amid alleged $2.3B factoring fraud. By May 2026 the case resolved into a liquidating plan, a $80M section 363 TMD sale, and a U.S. Trustee motion to convert or dismiss.

FreefallIndustrials & manufacturing

May 18

Food52: Liquidating Plan Heads to Confirmation After $13.4M Sale

Food52, Inc.—renamed Salt House, Inc.—filed chapter 11 in Delaware after a December 2025 Avidbank cash sweep. Its three brands sold for $13.375 million, and a chapter 11 plan of liquidation projecting roughly 9% for unsecured creditors heads into confirmation.

Consumer & retail

May 18

Saks Global: $1.24B DIP Plan Confirmed, Debt Cut Nearly 75%

Saks Global filed chapter 11 in January 2026 with $3.4B in funded debt following its Neiman Marcus acquisition. The court confirmed a dual-path plan June 5, 2026: DIP lenders own the reorganized company covering Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman; Saks OFF 5TH liquidates.

FreefallConsumer & retail

May 18

Omnicare Wins Approval of $250M Sale to GenieRx

Omnicare's Texas bankruptcy court approved the 363 sale of the CVS long-term care pharmacy unit to GenieRx Holdings on May 13, 2026, after a $948.8M False Claims Act judgment; the auction was canceled and plan exclusivity extended to July 2026.

FreefallHealthcare & life sciences

May 18

STG Logistics: From Lender Fight to a Consensual Recapitalization Plan

STG Logistics, Inc. reached a May 18, 2026 confirmation hearing in New Jersey on its Second Amended Joint Plan of Reorganization, a lender-backed recapitalization that converts DIP claims to equity and resolves the contested liability management litigation through plan settlements.

PrenegotiatedTransportation & logistics

Week of May 11, 2026

May 14

The LYCRA Company: Prepackaged Plan Confirmed to Eliminate $1.5 Billion in Debt

The LYCRA Company, the global spandex and fiber technology provider, filed a prepackaged chapter 11 in S.D. Tex. to eliminate $1.534 billion in funded debt. Under the plan, senior secured term loan lenders receive 100% of reorganized equity, while Euro and Dollar noteholders receive only warrants.

PrepackagedConsumer & retail

May 13

Aceto Corporation: $380M New Mountain Chemicals Sale and Chapter 11 Liquidation

Aceto's chapter 11 in D.N.J. ran dual 363 sales: Chemical Plus to New Mountain Capital for ~$380M after a competitive auction; Rising Pharma to Shore Suven. Liquidating plan effective Oct. 2019; Chemical Plus general unsecured creditors paid in full; Rising Pharma GUC at 26.9%.

Healthcare & life sciences

May 13

Ascena Retail Group: GUC Trust Wind-Down Keeps Case Open

Ascena Retail Group’s chapter 11 case now centers on the Ascena GUC Trust, unresolved unsecured-claim administration, and the reasons the Virginia cases remain open in 2026 after a 2021 effective date.

PrenegotiatedConsumer & retail

May 13

GenesisCare: $1.7 Billion Cross-Border Chapter 11, 363 Sale and ROW Reorganization

GenesisCare filed SDTX chapter 11 June 2023 with $1.7B in funded debt. The Australian oncology operator pursued a 363 sale of its U.S. business alongside a reorganization of its Australian, U.K., and Spanish operations. Plan effective February 2024.

FreefallHealthcare & life sciences

May 13

Stein Mart: Final Close Nears After Retail Liquidation

Stein Mart's chapter 11 is nearing final close after liquidation, IP sale, plan confirmation, and long-tail claims administration.

Consumer & retail

May 13

SBS: $310M Note Maturity Triggers Chapter 11

Spanish Broadcasting System filed chapter 11 after missing its $310 million note maturity, with noteholder support for a prepackaged restructuring.

Prepackaged

May 13

Society Pass: Jointly Administered SoPa Chapter 11 Opens in Houston

Society Pass and SoPa opened jointly administered chapter 11 cases in Houston. The early docket shows Society Pass as lead debtor, SoPa's $11.85M disputed claim, and no filed DIP terms yet.

FreefallConsumer & retail

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