Business & public services coverage

chapter 11 and restructuring coverage across Business & public services.

33 articles

Showing 25 to 33 of 33 coverage articles

Week of March 2, 2026

Mar 6

2U: Rapid Prepack Restructures $945M Debt Stack

2U July 2024 SDNY prepack restructured ~$945M funded debt and went effective in September 2024.

PrepackagedTechnology & telecom

Mar 6

ENGlobal: Ransomware Attack Triggers Engineering Firm's 100-Day Restructuring

ENGlobal filed chapter 11 after ransomware attack and Nasdaq delisting; Gulf Island acquired the business for $5.5M in 100 days.

Energy & natural resources

Mar 6

DocuData Solutions: Exela's $1.1B Debt Swap in 112 Days

DocuData Solutions ch. 11 eliminated $1.1B debt for Exela subsidiaries in 112 days after ransomware attacks.

PrenegotiatedTechnology & telecom

Mar 6

Flipcause: Nonprofit Fundraising Platform Collapses After Stripe Freezes $2.2 Million

Flipcause filed chapter 11 after Stripe froze $2.2M in nonprofit funds. CA AG cease-and-desist, 29-organization fraud suit, and trustee appointed; 363 sale.

Chapter 7Technology & telecom

Mar 6

Anthology: EdTech Giant's $1.6B Debt Unwound in 4-Month Chapter 11

Anthology filed chapter 11 in September 2025 carrying $1.625B debt from the 2021 Blackboard merger. Dual 363 sales sent Enterprise Operations to Ellucian (~$70M) and Lifecycle Engagement to Encoura (~$50M). Teaching & Learning emerges debt-free as Blackboard Inc. under Oaktree and Nexus ownership.

PrenegotiatedTechnology & telecom

Mar 6

Higher Ground Education: 150 Guidepost Montessori Schools Collapse to 7

Higher Ground Education, VC-backed owner of 150+ Guidepost Montessori schools, filed chapter 11 in N.D. Tex. with $144M debt after $440M in operating losses. A cramdown liquidating plan provides 1.8%–10.1% GUC recovery.

PrenegotiatedBusiness & public services

Week of December 29, 2025

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

Dec 30

Bullivant Houser Bailey: 87-Year-Old Law Firm Liquidates in Chapter 11

Bullivant Houser Bailey filed chapter 11 on Dec. 15, 2025 after closing Nov. 1. The 87-year-old firm seeks to subordinate $1.64M in shareholder claims.

Business & public services

Week of October 27, 2025

Oct 30

Zen JV: CareerBuilder and Monster's 113-Day Liquidation

Zen JV, the holding company for CareerBuilder and Monster, filed chapter 11 in Delaware on June 24, 2025. Twelve qualified bidders pushed auction proceeds to $68.7M from a $35.5M stalking horse. BOLD Holdings acquired both brands. Plan effective October 14, 2025; secured recovery under 10%.

Technology & telecom