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Business & public services coverage - ElevenFlo

Business & public services coverage

34 articles

Week of March 16, 2026

Catholic Diocese of El Paso Files Chapter 11 to Consolidate Clergy Abuse Claims

The Catholic Diocese of El Paso filed chapter 11 in Texas to address clergy abuse claims, operating deficits, and disputes over restricted assets and insurance coverage.

Azzur Group: Pandemic Cleanroom Bet Ends in $72M Liquidation

Life sciences consulting and cleanroom provider Azzur Group filed chapter 11 in Delaware after its Baird Capital-backed cleanroom expansion failed post-pandemic. Three 363 sales totaled $72.6M; the confirmed liquidating plan returned ~2.1% to unsecured creditors.

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.

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.

Sheltering Arms Wins Approval for $2.51M Manhattan Property Sale

Sheltering Arms won approval for a $2,509,500 Manhattan property sale. The order directs $2 million to SeaChange’s secured principal and treats its interest as unsecured debt.

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.

Week of March 9, 2026

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.

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.

Week of March 2, 2026

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.

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.

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.

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.

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