Jan 3Publishers Clearing House: Sweepstakes Icon Collapse Leaves Prize Winners UnsecuredPublishers Clearing House (PCH) filed chapter 11 Apr 2025; brand sold to ARB for $7.1M and "5,000 a week for life" winners became unsecured creditors.Consumer & retail
Jan 3Plenty Unlimited: Prepackaged Plan Wipes Equity After 99% Valuation DropPlenty Unlimited Texas LLC filed prepackaged chapter 11 March 23, 2025 in S.D. Tex. as its $1.9B valuation fell 99%. A $20.7M DIP backed a 53-day case; Plenty emerged May 29, 2025 with its Richmond strawberry farm intact.PrepackagedFood & agriculture
Jan 2Wynne Transportation Holdings: $32.8M Judgment Ends 46-Day Chapter 11Wynne Transportation's 46-day chapter 11 bankruptcy: $32.8M GETZ judgment, Operation Lone Star contracts, and rapid conversion to chapter 7 liquidation.FreefallEnergy & natural resources
Jan 2VWS Holdco Converts to Chapter 7 After $183M Insider Debt and Failed Landfill SaleVWS Holdco and Shoosmith Bros. filed chapter 11 in Delaware on June 1, 2025, carrying roughly $183 million in insider-held note debt from a closed Virginia municipal solid waste landfill. The case converted to chapter 7 after 60 days when a proposed $5.4 million DIP and sale process both failed.FreefallIndustrials & manufacturing
Jan 2Perceptive Takes Synthego’s CRISPR Assets in $85M Credit BidPerceptive acquired Synthego’s CRISPR assets in an $85M credit bid. The confirmed liquidating plan estimated a 4.4% recovery for general unsecured creditors.Healthcare & life sciences
Jan 2Sunnova Energy International: S.D. Tex. Case 25-90160 363 SaleSunnova Energy International DIP targeted $70-$100M for ~45-day sale; 363 sale to Solaris.Energy & natural resources
Jan 2Solid Financial Technologies Liquidates After No Buyers Emerge for $330M BaaS PlatformSolid 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 2Royal Interco: $180M Sale Rescues Private-Label Tissue Maker in 69 DaysRoyal 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 2Powin Bankruptcy: $54M Asset Sales Leave Unsecured Creditors With Sub-5% RecoveryOregon-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 2Gardener's Supply Bankruptcy: $9M Sale Ends 38-Year Employee OwnershipGardener'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 1Worldwide Machinery Group: Greenberg Family Reclaims Business via $69M Sale in 41 DaysWorldwide 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 1Wellmade Floor Coverings' $58.5M Sale to AHF Funds Full-Recovery Liquidating PlanWellmade 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