Feb 5Wellpath: $522M DIP and $550M Debt Reduction in Chapter 11Wellpath filed Nov 12, 2024 in SDTX, obtained a $522.4M DIP, and confirmed a plan on May 1, 2025 that cut debt by about $550M.FreefallHealthcare & life sciences
Feb 5True Value: $153M Sale to Do it Best and Wind-Down PlanTrue Value Company, a Chicago-based hardware wholesaler, filed chapter 11 in Delaware on Oct. 14, 2024. The company sold its wholesale platform to Do it Best Corp. for $153 million. The liquidating plan was confirmed April 17, 2025, and went effective April 25, 2025.Consumer & retail
Feb 5Tijuana Flats Bankruptcy: $16M Debt Reset After Closing 40 RestaurantsTijuana Flats filed chapter 11 in April 2024 after closing 40 restaurants and defaulting on $20M in Truist debt. The Florida Tex-Mex chain reorganized under cash collateral, confirmed a plan in January 2025, and emerged in March 2025 with secured debt cut to $16M.FreefallFood & agriculture
Feb 5Smallhold Bankruptcy: Subchapter V Cramdown and Opt-Out Release RulingSmallhold filed Subchapter V in February 2024 in Delaware. The court confirmed a cramdown plan over creditor rejection, assigning $8.6 million in unsecured claims to a $155,000 sponsor-guaranteed pool. Judge Goldblatt's opt-out release opinion became a post-Purdue Pharma reference point.FreefallFood & agriculture
Feb 5Gamida Cell: Delaware Enforces Israeli Debt Arrangement on $75M Highbridge SwapGamida Cell Ltd. filed chapter 15 in Delaware on April 22, 2024, to enforce an Israeli Part 10 debt arrangement converting $75M of Highbridge senior notes into 100% of equity. The Delaware court recognized the Israeli proceeding and enforced the arrangement on May 15, 2024. Case closed May 24, 2024.PrepackagedHealthcare & life sciences
Feb 3Vobev: $150M Credit Bid Sale and Liquidating PlanVobev, LLC filed chapter 11 in the District of Utah on December 9, 2024, listing ~$476M in total debt. A $150M Ares credit bid closed February 2025 and a GUC Trust-funded liquidating plan was confirmed April 24, 2025, completing the sale-driven restructuring of the Salt Lake City beverage canmaker.Food & agriculture
Feb 3Sam Ash Music: $15.2M Gonher Sale, 42 Stores ClosedSam Ash Music Corporation, the century-old music retailer, filed chapter 11 on May 8, 2024, closed all 42 stores, and sold its e-commerce platform and Samson Technologies wholesale unit to Mexico-based Gonher for $15.2 million. The liquidating plan went effective August 30, 2024.Consumer & retail
Feb 3Robertshaw: $650M Debt Cut in Lender-Led SaleRobertshaw US Holding Corp. filed chapter 11 in S.D. Texas Feb. 2024 with $832M in funded debt. A lender-led credit-bid sale to Bain Capital, Canyon Partners, and Eaton Vance eliminated ~$650M in debt. The confirmed liquidation plan funded an $11M GUC pool and $10M deficiency pool.PrenegotiatedIndustrials & manufacturing
Feb 3Red River Talc: $9B Talc Trust Plan DismissedRed River Talc, J&J's third talc bankruptcy, proposed a prepackaged $9B 524(g) trust for ~90,000 ovarian cancer claims in S.D. Texas. Filed Sept. 20, 2024, the case was dismissed March 31, 2025 for impermissible third-party releases, infeasible channeling structure, and voting defects.PrepackagedHealthcare & life sciences
Feb 3Thrasio Hands Lenders Control After $495M Debt CutThrasio cut about $495 million of debt in its 2024 chapter 11, handing control to first-lien lenders; its Legacy Trust later reached a $65 million settlement.PrenegotiatedConsumer & retail
Jan 29Shannon Wind: $103M Citigroup Hedge Drives Going-Concern SaleShannon Wind filed chapter 11 in SD Texas to sell a 204 MW ERCOT wind farm after a Citigroup hedge dispute tied to Winter Storm Uri.FreefallEnergy & natural resources
Jan 27Silvergate Capital: Crypto Bank Parent Liquidates After $8B Deposit RunSilvergate Capital (Del., case 24-12158) filed chapter 11 Sept 2024 after an $8B deposit run triggered by the 2022 crypto collapse and FTX failure. The bank surrendered its charter July 2024; a confirmed plan established a liquidation trust for preferred stockholders and future FTX-related claims.Financial services