May 22Del Monte Foods Completes $509M Bankruptcy SaleDel Monte Foods sold its businesses to three buyers for about $509 million. Its confirmed Chapter 11 plan now governs the estates’ wind-down.
May 22Miyoshi America’s Chapter 11 Case Closes After Talc Trust Plan Takes EffectMiyoshi America’s Chapter 11 case closed September 21, 2026, after its talc trust plan took effect. The debtor reported funding the trust with $19 million in cash and a $1 million secured note.Prepackaged
May 20West Marine Bankruptcy: $549.2M in Debt, Dual-Track Plan Targets July ConfirmationWest Marine filed prenegotiated chapter 11 May 17, 2026 in Delaware (26-10794-KBO) with $549.2M in funded debt and a dual-track plan backed by 96.2% of term loan holders. Oaktree and L Catterton-backed boating retailer targets recapitalization or asset sale; combined hearing July 30, 2026.Prenegotiated
May 18Food52: Liquidating Plan Heads to Confirmation After $13.4M SaleFood52, Inc.—renamed Salt House, Inc.—filed chapter 11 in Delaware after a December 2025 Avidbank cash sweep. Its three brands sold for $13.375 million, and a chapter 11 plan of liquidation projecting roughly 9% for unsecured creditors heads into confirmation.
May 18Saks Global: $1.24B DIP Plan Confirmed, Debt Cut Nearly 75%Saks Global filed chapter 11 in January 2026 with $3.4B in funded debt following its Neiman Marcus acquisition. The court confirmed a dual-path plan June 5, 2026: DIP lenders own the reorganized company covering Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman; Saks OFF 5TH liquidates.Freefall
May 14LYCRA Reorganization Ends With Remaining Affiliate Case ClosedLYCRA’s remaining affiliate case closed effective July 31, 2026, under an August 24 decree. Its effective prepackaged plan provided new securities to financial creditors and preserved unimpaired general unsecured claims.Prepackaged
May 13Ascena Retail Group: GUC Trust Wind-Down Keeps Case OpenAscena Retail Group’s chapter 11 case now centers on the Ascena GUC Trust, unresolved unsecured-claim administration, and the reasons the Virginia cases remain open in 2026 after a 2021 effective date.Prenegotiated
May 13Stein Mart: Final Close Nears After Retail LiquidationStein Mart's chapter 11 is nearing final close after liquidation, IP sale, plan confirmation, and long-tail claims administration.
May 13Society Pass: Jointly Administered SoPa Chapter 11 Opens in HoustonSociety Pass and SoPa opened jointly administered chapter 11 cases in Houston. The early docket shows Society Pass as lead debtor, SoPa's $11.85M disputed claim, and no filed DIP terms yet.Freefall
May 6DirectBuy Home Improvement (Z Gallerie): Liquidation Trust and Trustee LitigationDirectBuy Home Improvement (d/b/a Z Gallerie) filed chapter 11 in D.N.J. on Oct 16, 2023 — its third bankruptcy in 14 years. B. Riley liquidated 21 stores; Karat Home bought e-commerce assets for \~$7.2M. Plan effective Apr 30, 2024; trust now pursuing preference recoveries.
May 5Shopko: Freefall Liquidation and $15.5M Sun Capital SettlementShopko filed chapter 11 in the District of Nebraska on January 16, 2019, with $403M in funded debt and 300+ stores. The plan-sponsor auction failed, resulting in full liquidation. A $15.5M Sun Capital settlement resolved fraudulent-transfer and fiduciary claims and anchored the confirmed plan.Freefall
May 5NBG Home: Quoizel Emerges From Sycamore's $413M Home Décor Chapter 11Sycamore-backed home décor wholesaler NBG Home filed chapter 11 in S.D. Texas Feb 2023 with $413M in funded debt. KKR and Silver Point provided $60M in DIP financing and served as plan sponsors. The hybrid plan reorganized Quoizel and wound down the AHD entities via cramdown confirmation.Prenegotiated