Coverage, page 21

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

542 articles

Showing 241 to 252 of 542 coverage articles

Week of March 16, 2026

Broadway Realty: $451.3M Summit Sale Closes

Broadway Realty I Co. and 81 Pinnacle Group affiliates filed chapter 11 with roughly $564M in Flagstar mortgage debt on a 93-building NYC rent-stabilized portfolio. The confirmed liquidating plan closed a $451.3M Summit Gold sale on March 31, 2026.

Real estate & construction

Mar 19

Desktop Metal: $179 Million Merger to $7 Million Sale

Desktop Metal filed chapter 11 117 days after Nano Dimension bought it for $179.3 million. A 64-day liquidation sold core assets for $7 million.

Industrials & manufacturing

Mar 19

Diablo Grande Community Facilities District Files Chapter 9

Diablo Grande CFD filed chapter 9 with 74.6% tax delinquency and $3.87M bond defaults.

Chapter 9Energy & natural resources

Mar 19

PosiGen: Bankruptcy Wind-Down After Fraud Allegations

PosiGen's chapter 11 shifted from fraud and trustee allegations to a Brookfield-led wind-down, with the liquidating plan confirmed February 24, 2026 and effective February 26.

Energy & natural resources

Mar 19

Lugano Diamonds: Latest Bankruptcy Status After Sale

Lugano Diamonds filed chapter 11 after fraud allegations tied to founder Moti Ferder. The sale process is over, but the bankruptcy remains active with January cash burn, an April 30 challenge deadline tied to CODI's liens, a June 1 plan milestone, and continuing lease disputes.

Consumer & retail

Mar 19

American Signature: No Competing Bids as Schottenstein Insider Takes Furniture Chain

American Signature filed chapter 11 in Delaware after sales fell to million and losses widened. The case moved from a proposed stalking-horse sale to a completed insider deal, lease monetization, and a claims process that now frames recoveries for customers and other unsecured creditors.

Consumer & retail

Mar 19

Claire's: $140M Sale, Liquidating Plan

Claire's second bankruptcy ended with a $140 million sale of its North American business and confirmation of a liquidating plan for the remaining Delaware estates.

FreefallConsumer & retail

Mar 19

Wag!: 66-Day Prepack Chapter 11 Transfers Ownership

Wag\! Group Co. filed prepackaged chapter 11 in Delaware in July 2025 after SoftBank's $300M investment, a failed SPAC, and $69.5M in cumulative losses. Retriever LLC converted $16.3M in secured debt to 100% equity; the plan confirmed in 66 days with general unsecured creditors paid in full.

PrepackagedConsumer & retail

Mar 19

Azzur Group: Pandemic Cleanroom Bet Ends in $72M Liquidation

Life sciences consulting and cleanroom provider Azzur Group filed chapter 11 in Delaware after its Baird Capital-backed cleanroom expansion failed post-pandemic. Three 363 sales totaled $72.6M; the confirmed liquidating plan returned ~2.1% to unsecured creditors.

Healthcare & life sciences

Mar 19

Forever 21: From $11,000 and a Single Store to Chapter 22 Liquidation

Forever 21 filed chapter 11 in 2019 and sold for $81M; the buyer F21 OpCo filed again in 2025. Full case analysis and timeline.

FreefallConsumer & retail

Mar 19

Hardinge Inc.: Precision Machine Tool Maker's $100M Credit Bid Sale and Liquidation

Hardinge Inc., a precision machine tool manufacturer with 130+ years of history, filed chapter 11 in Delaware after Chinese regulators blocked a critical asset sale. Centre Lane Partners purchased the secured debt, provided DIP financing, and credit bid $100M to acquire substantially all assets.

Industrials & manufacturing

Mar 19

QLess: Subchapter V Restructuring Resolves Shareholder Litigation

QLess, a Pasadena-based SaaS queue management company, filed Subchapter V in Delaware in June 2024 amid $1M in shareholder litigation costs. Plan confirmed under §1191(b) cramdown in 90 days; $3.3M DIP converted to equity. Case closed by final decree March 2025.

Subchapter VTechnology & telecom

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