Business & public services coverage

chapter 11 and restructuring coverage across Business & public services.

33 articles

Showing 13 to 24 of 33 coverage articles

Week of March 16, 2026

Diocese of Oakland: Competing Plans Target $224M for Abuse Survivors

The Diocese of Oakland chapter 11 has reached a contested plan stage, with the debtor and UCC backing competing paths to fund a $224.3 million survivor trust after a failed dismissal push and mounting professional fees.

FreefallBusiness & public services

Mar 16

Center for Special Needs Trust Administration: Trustee Wind-Down After $100M Shortfall

The Center for Special Needs Trust Administration chapter 11 case became a trustee-run wind-down after a roughly $100 million trust-fund shortfall, with beneficiary transitions, asset sales, insider litigation, and later criminal charges.

FreefallFinancial services

Mar 16

Sheltering Arms Children and Family Services: NYC Nonprofit Wind-Down

Sheltering Arms Children and Family Services filed chapter 11 in the Eastern District of New York after chronic government payment delays, program closures, and mounting pension and abuse-related liabilities, turning the case into a long-running nonprofit wind-down.

FreefallBusiness & public services

Mar 16

Diocese of Sacramento: AB 218 Claims and Real Estate Sales

The Diocese of Sacramento chapter 11 case followed California's AB 218 revival window and hundreds of clergy abuse suits. The post tracks the bankruptcy posture, including real estate sales, Proposition 51 appellate litigation, avoidance-claim disputes, and the path toward mediation.

FreefallBusiness & public services

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 10

My Job Matcher: AI Staffing Platform's $35M Credit Bid Sale and Liquidating Plan

My Job Matcher, Inc. (Job.com), an AI-driven recruitment platform, filed chapter 11 in Delaware after revenue declined from $100M to $15M. Secured lenders replaced the board, acquired assets via a $35M credit bid, and a liquidating plan was confirmed via cramdown.

Technology & telecom

Week of March 2, 2026

Mar 6

iLearningEngines: SPAC Fallout and Chapter 7 Conversion

iLearningEngines filed chapter 11 in Delaware on Dec 20, 2024 and converted to chapter 7 on Mar 6, 2025 after failing to secure postpetition financing.

FreefallTechnology & telecom

Mar 6

Corvias Campus Living: 65-Year P3 Collapses After Five-Year Default

Corvias Campus Living ch. 11 after 5 years of default on $526M bonds. $208.5M sale yields 39% recovery.

Real estate & construction

Mar 6

Diocese of Alexandria Files Chapter 11 to Resolve 85 Clergy Abuse Claims, Proposing $4M Victim Trust

Diocese of Alexandria becomes 41st U.S. Catholic diocese in chapter 11, addressing 85 abuse claims with $4M victim trust under Louisiana's lookback window.

FreefallBusiness & public services

Mar 6

Ambipar Emergency Response: When Parent Company Scandals Topple Healthy Subsidiaries

Ambipar Emergency Response filed chapter 11 despite $600M net worth after parent's derivatives scandal. Analysis of $328M guarantee exposure.

FreefallIndustrials & manufacturing

Mar 6

Lutheran Life Communities: $189M Bond Restructuring Tests CCRC Model

Lutheran Life Communities, a nonprofit CCRC operator serving 825 residents across four Illinois and Indiana facilities, filed chapter 11 to restructure $189M in municipal bonds via bondholder-negotiated exchange. The case highlights systemic CCRC sector vulnerability to post-pandemic economics.

FreefallHealthcare & life sciences

Mar 6

Turning Points for Children: Subchapter V Restructuring of a Philadelphia Child Welfare Nonprofit

Turning Points for Children, a 189-year Philadelphia child welfare nonprofit, filed Subchapter V after litigation and insurance costs forced exit from $40M annual CUA operations. Plan channels abuse claims to settlement trust funded by $4.4M affiliated-party DIP and insurance settlements.

Subchapter VBusiness & public services