Coverage, page 25

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

542 articles

Showing 289 to 300 of 542 coverage articles

Week of March 16, 2026

On The Border: Sale Case Ended in Liquidating Plan

On The Border filed chapter 11 in Georgia on March 4, 2025, used DIP financing to run a lender-backed sale process, closed a substantially all-assets sale on May 30, and confirmed a liquidating plan in September with 5% to 10% projected recoveries for general unsecured creditors.

Food & agriculture

Mar 16

Azul: Confirmed Chapter 11 Airline Restructuring

Azul used chapter 11 to equitize more than $2 billion of debt, fund operations with a $1.35 billion DIP facility, and confirm a plan that kept the airline flying while value shifted to creditor groups through exit notes, new equity, and related trust structures.

PrenegotiatedTransportation & logistics

Mar 16

Maple Ridge Property Owners Association: Timeshare Resort Liquidation Under Subchapter V

Maple Ridge Property Owners Association filed Subchapter V in North Carolina to liquidate its Lake Lure timeshare resort through a section 363(h) sale process while expecting to pay creditors in full from cash reserves and sale proceeds.

Subchapter VReal estate & construction

Mar 16

Hawthorne Race Course: 363 Sale and License Preservation

Hawthorne Race Course's chapter 11 case centers on a section 363 sale, disputed DIP financing, and preserving the racing and gaming licenses that support going-concern value in Illinois.

FreefallMedia, sports & entertainment

Mar 16

Viridis Chemical: Illinois Plant Sale Drives Chapter 11

Viridis Chemical's chapter 11 centers on a fast section 363 sale of its stalled Peoria, Illinois ethyl acetate plant after cost overruns, delays, and market weakness left the debtors non-operational and dependent on cash collateral.

FreefallIndustrials & manufacturing

Mar 16

Ascend Performance Materials Exits Chapter 11 as Lenders Convert $2B Debt to Equity

Ascend Performance Materials, the integrated nylon 6,6 producer, filed free-fall chapter 11 in April 2025 with about $2.014B of funded debt as PA66 prices collapsed amid Chinese overcapacity. It emerged in December 2025 with lenders taking ownership, ending SK Capital's 16-year run.

FreefallIndustrials & manufacturing

Mar 16

LL Flooring: Lumber Liquidators Successor Closes 430 Stores After Sale Fails

LL Flooring filed chapter 11 in Delaware after vendor pullbacks and a liquidity squeeze. The failed sale process led to store closures and a confirmed liquidating plan.

Consumer & retail

Mar 16

Cold Spring Hills Nursing Home Sold to Receiver for $10 Amid $22.6M Philipson Fraud Suit

Cold Spring Hills filed chapter 11 after a $22.6M AG lawsuit over Philipson ownership and alleged fund diversions. A $10 receivership preserved the 588-bed nursing home while unsecured creditors faced a 2% recovery.

Healthcare & life sciences

Week of March 9, 2026

Mar 15

Charter School Capital: $80M Sale, Liquidating Plan

Charter School Capital filed chapter 11 in Delaware on June 8, 2025, after ESSER pandemic relief eliminated demand for its charter school receivables financing. The court approved an $80M 363 sale to New GS LLC and confirmed a liquidating plan projecting 100% recovery for unsecured creditors and 0-7% for preferred equity.

Financial services

Mar 14

Zips Car Wash: Lenders Take Control After 84-Day Restructuring

Zips Car Wash filed chapter 11 in the Northern District of Texas on February 5, 2025, emerged on April 30 after a lender-backed balance-sheet reset, and still had claims objections and lease appeals working through the docket into March 2026.

PrepackagedConsumer & retail

Mar 11

Mobileum Exits Chapter 11 After Eliminating $530M of Debt in Prepackaged Restructuring

Filed July 23, 2024 in SDTX with an RSA; $60M new-money DIP and $100M roll-up. Emerged Sept 12, 2024 after cutting ~$530M debt.

PrepackagedTechnology & telecom

Mar 11

Zachry: Golden Pass LNG Dispute and Reorganization Plan

Zachry filed May 21, 2024 in SDTX, ran on cash collateral, reached a GPX settlement, and confirmed a plan on Feb 27, 2025.

FreefallEnergy & natural resources

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