Coverage, page 10

Crosby Marine Transportation: MCA Crisis Triggers $163M Freefall Filing, $60M DIP Draws Multi-Party Objections

Crosby Marine Transportation and three affiliates filed freefall chapter 11 in E.D. La. after MCA firms redirected customer payments. JMB Capital's $60M DIP with a $30M roll-up of debt acquired days before filing drew objections from PNC Bank, the U.S. Trustee, and four other parties.

FreefallTransportation & logistics

Week of June 1, 2026

Avante Health Solutions: $72.5M Credit-Bid Sale Ends in Chapter 7

Pivotal Post: $22M Insider Credit-Bid Sale and Dismissal

Timber Pharmaceuticals: $14.35M Credit-Bid Sale to LEO Pharma and Liquidating Plan

Altice France: €24B French Restructuring Recognized in Chapter 15

Crosby Marine Transportation: MCA Crisis Triggers $163M Freefall Filing, $60M DIP Draws Multi-Party Objections

Mitel Networks: $1.15B Prepackaged Plan Confirmed in 39 Days

CTN Holdings: $20M Credit Bid Sale and Chapter 7 Conversion

Diocese of Burlington: 119 Clergy Abuse Claims in Chapter 11

Crystallex International: $5.9B PDVH Share Sale and Chapter 15 Enforcement

Contractor Tool Supply: $14.6M Lender Drives Chapter 11 Wind-Down

Painted Tree Liquidates in Chapter 7 After Store Closures

Village Roadshow: Liquidation Plan Confirmed with $57M Warner Bros. Settlement