Coverage, page 11

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

542 articles

Showing 121 to 132 of 542 coverage articles

Week of May 4, 2026

National Road Logistics Files Chapter 11 With $43.7 Million in Liabilities

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.

May 6

SAS AB: $1.2B Castlelake-Led Recapitalization and Cramdown of State Hybrid Bonds

Scandinavian airline SAS AB filed chapter 11 in SDNY on July 5, 2022 following a pilot strike and failed out-of-court restructuring. Castlelake led a $1.175B recapitalization; Denmark and Sweden's state hybrid bonds were crammed at zero. Final decree closed March 3, 2026.

FreefallTransportation & logistics

May 6

St. Margaret's Health: Illinois Hospitals' Chapter 11 Ends in $38M OSF Sale

St. Margaret's Health (Peru and Spring Valley, Ill.) filed chapter 11 Aug. 2023 after rural hospital closures. The Peru campus sold to OSF Healthcare for $38M; a Creditor Trust is resolving SVCB setoff disputes and pending distributions.

FreefallHealthcare & life sciences

May 6

Heywood Healthcare: Plan Cuts $12M Secured Debt, Funds Liquidating Trust

Heywood Healthcare and six affiliates filed chapter 11 in D. Mass. on Oct 1, 2023 under MassHealth recoupment pressure. The plan, confirmed Sept 30, 2024 and effective Oct 1, 2024, wrote down $12M+ of secured debt, funded a $10M GUC trust, and closed a $5M superpriority exit revolver.

PrenegotiatedHealthcare & life sciences

May 6

DirectBuy Home Improvement (Z Gallerie): Liquidation Trust and Trustee Litigation

DirectBuy Home Improvement (d/b/a Z Gallerie) filed chapter 11 in D.N.J. on Oct 16, 2023 — its third bankruptcy in 14 years. B. Riley liquidated 21 stores; Karat Home bought e-commerce assets for \~$7.2M. Plan effective Apr 30, 2024; trust now pursuing preference recoveries.

Consumer & retail

May 5

Ideanomics Liquidating Plan Confirmed: WAVE Sale to Tillou and Wind-Down Trust

Ideanomics filed chapter 11 in D. Del. on Dec 4, 2024 with \~$30.5M of funded debt and \~$189K in cash. Tillou acted as DIP, stalking horse, and credit-bid buyer of WAVE; JVIS bought VIA Motors. Judge Goldblatt confirmed the plan over a UST third-party-release objection.

Industrials & manufacturing

May 5

Emmerich Newspapers: Mississippi Publisher Files Chapter 11 Amid Copyright Litigation

Emmerich Newspapers filed chapter 11 March 20, 2026 in S.D. Mississippi (Case No. 26-00793). The Jackson-based group operates 25+ papers across the Mississippi Delta with copyright suits against NewsBreak and an antitrust action against Google pending. Capital structure not yet disclosed.

FreefallMedia, sports & entertainment

May 5

Shopko: Freefall Liquidation and $15.5M Sun Capital Settlement

Shopko filed chapter 11 in the District of Nebraska on January 16, 2019, with $403M in funded debt and 300+ stores. The plan-sponsor auction failed, resulting in full liquidation. A $15.5M Sun Capital settlement resolved fraudulent-transfer and fiduciary claims and anchored the confirmed plan.

FreefallConsumer & retail

May 5

Twin Peaks and Smokey Bones Parent Files Chapter 11; $413M WBS Notes Back 363 Auction

Twin Hospitality Group Inc., parent of Twin Peaks and Smokey Bones, filed chapter 11 in S.D. Texas on March 18, 2026 as part of the FAT Brands bankruptcy. The case involves $413M in whole business securitization debt and a 363 sale auction targeting April 28, 2026.

FreefallFood & agriculture

May 5

Celsius Network: Earn Asset Ruling, MiningCo Pivot, and $4.35B Creditor Distributions

Celsius Network filed chapter 11 in SDNY on July 13, 2022 after halting withdrawals June 12. Judge Glenn ruled Earn assets were estate property; Fahrenheit NewCo failed SEC audit and pivoted to MiningCo (Ionic Digital). Effective Jan 31, 2024 with $4.35B cumulative distributions.

FreefallFinancial services

May 5

Vantage Travel Service: Travel Credits, Insider DIP, and a $108 Million Customer Claims Pool

Vantage Travel Service filed chapter 11 in D. Mass. on June 29, 2023 with \~$170M in liabilities (mostly customer deposits) against \~$14M in assets. Pacific Travel Partners outbid United Travel at $2M; the modified liquidating plan, confirmed Nov 22, 2023, pays customers in Travel Credits.

Chapter 7Travel, leisure & hospitality

May 5

Water Gremlin: TCE-Driven Chapter 11 and Liquidating Plan

Water Gremlin Company filed chapter 11 in D. Del. on Oct 27, 2023 with 90+ TCE tort plaintiffs and $33M+ in remediation costs. Aquila sold to Accuma, U.S. assets to Otter Lake ($24.1M combined). Plan confirmed Aug 1, 2025 with $14.4M Okabe contribution and $27.25M TCE settlement.

Industrials & manufacturing

45

46