Coverage, page 44

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

542 articles

Showing 517 to 528 of 542 coverage articles

Week of December 29, 2025

Solid Financial Technologies Liquidates After No Buyers Emerge for $330M BaaS Platform

Solid Financial Technologies, a VC-backed BaaS startup that peaked at a $330M valuation, filed chapter 11 in April 2025 and confirmed a Subchapter V liquidation plan in November 2025. No buyers emerged from the sale process. GUCs face 34.7%–100% recovery; preferred equity may recover up to 72%.

Subchapter VFinancial services

Jan 2

Royal Interco: $180M Sale Rescues Private-Label Tissue Maker in 69 Days

Royal Paper filed chapter 11 in Delaware April 2025 with $205M secured debt after a warehouse fire and trade credit collapse. Sofidel's $126M stalking horse attracted competitive bidding; the auction drove the price to $180M+. The 363 sale closed June 16, 2025—69 days after filing.

Industrials & manufacturing

Jan 2

Powin Bankruptcy: $54M Asset Sales Leave Unsecured Creditors With Sub-5% Recovery

Oregon-based Powin, LLC filed chapter 11 June 9, 2025 in New Jersey after lenders declared defaults and installed an independent manager. FlexGen acquired IP for $36M; total asset sales reached $54M. Unsecured creditors face projected recovery of 0.8% to 4.5%.

FreefallEnergy & natural resources

Jan 2

Gardener's Supply Bankruptcy: $9M Sale Ends 38-Year Employee Ownership

Gardener's Supply filed chapter 11 June 20, 2025, after ESOP buyback obligations, a 35% revenue decline to $71.5M, and technology failures. Gardens Alive acquired the assets for $9M; five of six stores remain open. ESOP holders received no distribution under the confirmed liquidating plan.

Consumer & retail

Jan 1

Worldwide Machinery Group: Greenberg Family Reclaims Business via $69M Sale in 41 Days

Worldwide Machinery filed chapter 11 in Texas after lender sale disputes and completed a $69M going-concern sale to a Greenberg family buyer in 41 days.

Consumer & retail

Jan 1

Wellmade Floor Coverings' $58.5M Sale to AHF Funds Full-Recovery Liquidating Plan

Wellmade Floor Coverings filed chapter 11 in August 2025 after a federal labor-trafficking raid at its Georgia plant. AHF Products bought the flooring facility for $58.5M — $18.5M above its stalking-horse bid — funding a liquidating plan that pays all five creditor classes in full.

Industrials & manufacturing

Jan 1

The Villages Health's $538M Medicare Settlement Anchors Liquidating Plan

The Villages Health's chapter 11 turned on a Medicare coding program that made the U.S. its largest creditor. After selling its primary care centers to CenterWell for $68M, the provider settled the government claim at $538.3M and reached an $80M developer settlement to fund a liquidating plan.

Healthcare & life sciences

Jan 1

Valves and Controls US' 524(g) Asbestos Trust Nears Confirmation as Weir Talks Fail

Valves and Controls US, a no-employee Weir entity holding decades of asbestos liability, heads to a July 24, 2026 confirmation of a liquidating chapter 11 plan creating a 524(g) trust. Mediation with Weir and First Reserve produced no settlement, so estate claims against them vest in the trust.

PrenegotiatedIndustrials & manufacturing

Jan 1

SpiriTrust Lutheran: 80-Year Senior Care Provider Pursues 363 Sale

SpiriTrust Lutheran, 80-year nonprofit CCRC with 6,400 residents, filed chapter 11. $83.3M M&T Bank debt; LSMNJ stalking horse for 363 sale.

Healthcare & life sciences

Jan 1

Maverick Gaming: Eric Persson Buys Back Assets After $306M Debt

Maverick chapter 11 produced $119M+ in sales, including Eric Persson's $28M PokerCo bid and $1.4M EGads buyback after $306M in debt.

Media, sports & entertainment

Jan 1

Diocese of Fresno Files Chapter 11 to Address 153 Abuse Claims Under California's Child Victims Act

Diocese of Fresno filed chapter 11 on July 1, 2025 to address 153 pending abuse claims under CA AB 218. Fourth Northern California diocese bankruptcy.

FreefallBusiness & public services

Jan 1

Rizo-Lopez Foods: 10-Year Listeria Outbreak Ends in Bankruptcy

Rizo-Lopez Foods filed chapter 11 after a 10-year listeria crisis caused 26 illnesses and 2 deaths. The Hispanic cheese maker now faces chapter 7 liquidation.

FreefallFood & agriculture