Coverage, page 12

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

542 articles

Showing 133 to 144 of 542 coverage articles

Week of May 4, 2026

Paladin Capital: 25-Entity Trucking Portfolio Converts to Chapter 7 in 23 Days

Brentwood, TN-based Paladin Capital filed 25 jointly administered chapter 11 cases in M.D. Tenn. on Jan 26, 2026 and converted to chapter 7 by agreed order on Feb 18, 2026. Truist DIP funded payroll; trustee Jeanne Ann Burton retained Stretto, Newpoint, and Thompson Burton.

FreefallTransportation & logistics

May 5

Serta Simmons Bedding: 2020 Uptier, Fifth Circuit Reversal, and Damages Remand

Serta Simmons Bedding filed chapter 11 in S.D. Tex. on January 23, 2023. The plan confirmed June 14, 2023 went effective June 29. In December 2024, the Fifth Circuit reversed the 2020 uptier and excised the plan's lender indemnification; damages remand pending.

PrenegotiatedIndustrials & manufacturing

May 5

Center City Healthcare: Liquidation Plan and the Hahnemann Wind-Down

Center City Healthcare and 13 affiliates filed chapter 11 in D. Del. on June 30, 2019 to wind down Hahnemann and sell St. Christopher's. Plan confirmed Feb 25, 2026; MidCap DIP repaid from STC sale; $57.2M Tenet/Conifer claim subordinated; GUC recovery projected 2.7%-5.8%.

Healthcare & life sciences

May 5

Taronis Fuels: SEC Fraud Drives Chapter 11 Liquidation With Sequential Asset Sales

Taronis Fuels filed chapter 11 in Delaware Nov. 2022 after SEC accounting-fraud investigation drove Tech Capital default. Sequential asset sales in Florida, Texas, and California totaled ~$25.7M. Liquidating plan confirmed Aug. 2024; GUC recovery ~9.2%; case closed Dec. 2025.

Industrials & manufacturing

May 5

SiO2 Medical Products: Oaktree Equitization, Cancelled Auction, and Founder Litigation

SiO2 Medical Products filed chapter 11 in Delaware March 2023 with $430M in debt. Oaktree equitized its first lien in a $350M plan confirmed July 2023 after no auction bids. Founder Abrams's fraud claims against ATHOS investors continue in state court.

PrenegotiatedHealthcare & life sciences

May 5

Diebold Nixdorf: $1.25B DIP-to-Exit and the First U.S./WHOA Cross-Border Restructuring

Diebold Nixdorf filed a prepackaged chapter 11 in S.D. Tex. on June 1, 2023 alongside a Dutch WHOA scheme. Confirmed July 12, 2023; effective Aug 11; $1.25B DIP converted to a 5-year exit term loan. First Lien took 98% of new equity; Class 7 was crammed down.

PrepackagedFinancial services

May 5

Novation Companies: Prepackaged Second Chapter 11 Preserves $731M NOL Stack

Novation Companies and three affiliates filed a prepackaged chapter 11 in Delaware on August 13, 2023 — the corporate group's second chapter 11 — exchanging $97.8M of secured note debt for equity and preserving $731M of NOLs. The plan confirmed in 54 days; cases closed March 3, 2026.

PrepackagedHealthcare & life sciences

May 5

MP Complete Solutions: Fort Lauderdale Real Estate Chapter 11

MP Complete Solutions, LLC, a Fort Lauderdale residential real estate investment and property management firm, filed chapter 11 on March 24, 2026 in the U.S. Bankruptcy Court for the Southern District of Florida. The voluntary petition reported estimated assets of $1M–$10M.

FreefallReal estate & construction

May 5

Fusion Connect Files Chapter 11; Debt-for-Equity Swap Eliminates $272M, Hands Company to First Lien Lenders

Fusion Connect, a cloud communications provider, filed chapter 11 in SDNY on June 3, 2019 with $691.5M of funded debt from two 2018 reverse mergers. An RSA reorganization eliminated $272M and transferred equity to first lien lenders; the $85M second lien tranche was wiped out.

PrenegotiatedTechnology & telecom

May 5

Sungard AS: Second Chapter 11 and Three-Part Asset Sale

Sungard AS New Holdings filed a second chapter 11 in April 2022, three years after a prepackaged 2019 restructuring. The IT services company sold assets to 365 Data Centers and 11:11 Systems for $60M, confirmed a wind-down plan Oct. 17, 2022, with first lien lenders sustaining losses.

PrenegotiatedTechnology & telecom

May 5

NBG Home: Quoizel Emerges From Sycamore's $413M Home Décor Chapter 11

Sycamore-backed home décor wholesaler NBG Home filed chapter 11 in S.D. Texas Feb 2023 with $413M in funded debt. KKR and Silver Point provided $60M in DIP financing and served as plan sponsors. The hybrid plan reorganized Quoizel and wound down the AHD entities via cramdown confirmation.

PrenegotiatedConsumer & retail

May 5

Legacy Cares Files Chapter 11 After $284M Arizona Revenue Bonds Default; Mesa Sports Park Sells for $25.8M

Arizona nonprofit Legacy Cares filed chapter 11 in May 2023 after $284M in revenue bonds defaulted and the Mesa sports complex missed its 2022 revenue budget by over $70M. The park sold for $25.8M in December 2023; the SEC and DOJ charged its founders with bond fraud in April 2025.

FreefallMedia, sports & entertainment