Financial services coverage

chapter 11 and restructuring coverage across Financial services.

44 articles

Showing 1 to 12 of 44 coverage articles

Week of August 3, 2026

Silvergate Preserves $1.37 Billion in NOLs as Spring Valley Lots Carries Wind-Down

Silvergate's chapter 11 plan went effective March 31, preserving $1.37B in federal NOLs, reinstating common stock and leaving Spring Valley Lots as the sole open case for Argent Liquidation Trust claims and wind-down work.

PrepackagedFinancial services

Week of July 20, 2026

Jul 25

Court Caps CashCall Insider Financing at $300K as Judgments Top $402M

CashCall's Chapter 11 opened with a $300,000 cap on insider financing. The lender reported more than $402 million in judgments and less than $10 million in assets.

FreefallFinancial services

Jul 21

Alea Holdings Files Chapter 11 With $20M TruPS Settlement, $35M Financing

Alea Holdings entered Chapter 11 with a $20M TruPS settlement pool, proposed $35M postpetition financing and private sales of two insurance subsidiaries.

PrepackagedFinancial services

Jul 20

Legend Venture Partners: $12.2M SpaceX Redemption Funds Investor Distributions

Legend Venture Partners was placed in SEC receivership in July 2023 after a $35M pre-IPO fraud. The SDNY court approved a distribution plan; SpaceX interests redeemed for $12.2M and a $2.1M Voyager dividend are being distributed to ~320 defrauded pre-IPO investors.

Financial services

Week of June 29, 2026

Jul 3

Bitcoin Depot Files Chapter 11 to Liquidate, Pulls 9,700 Bitcoin ATMs Offline

Bitcoin Depot Inc. and 16 affiliates filed Chapter 11 on May 18, 2026 in the Southern District of Texas to wind down North America's largest Bitcoin ATM network. The company took about 9,700 kiosks offline and is selling assets under section 363, with distributions through a Liquidation Trust.

Financial services

Jul 2

Integrity Investment REO Files Chapter 11 to Block Byline's $11.4M Receivership Push

Integrity Investment REO Holdings filed chapter 11 in Chicago on the day Byline Bank was set to seek a receiver, after an $11.4 million loan matured unpaid. The case has no plan, no debtor-in-possession financing, and only a single $5,924 reported deposit.

FreefallReal estate & construction

Week of June 22, 2026

Jun 23

Pacific Capital Funding Group Files Chapter 11 in California

Pacific Capital Funding Group, parent of the Pacific Private Money hard-money lending operation, and 12 affiliates filed chapter 11 in the Northern District of California to wind down a collapsed $140 million private mortgage-fund business now under SEC, DOJ, FBI, IRS, and California DFPI investigation.

Financial services

Jun 23

Hallmark Financial Services Files Prepackaged Chapter 11

Hallmark Financial Services, a Dallas insurance holding company, filed a prepackaged chapter 11 in the Northern District of Texas under a restructuring support agreement with Hildene Capital, restructuring roughly $52.2 million of senior unsecured notes through a dual-track toggle plan.

PrepackagedFinancial services

Week of June 15, 2026

Jun 18

GoHealth Files Prepackaged Chapter 11, Hands Control to Lenders on $772M Debt

GoHealth filed a prepackaged chapter 11 in Delaware on June 7, 2026, handing all equity to Blue Torch-agented first lien lenders on ~$772 million of funded debt. Common stockholders split a $10 million cash pool as shares face delisting; the case runs on cash collateral toward a July 31, 2026 exit.

PrepackagedHealthcare & life sciences

Week of June 8, 2026

Jun 14

Global Benefits Group: Subchapter V Liquidation and $1M MGEN Settlement

Global Benefits Group and two affiliates filed Subchapter V chapter 11 in June 2024 after their Guernsey parent insurer collapsed with a $74M capital shortfall. A consensual liquidating plan confirmed October 4, 2024; effective November 7, 2024.

Subchapter VFinancial services

Jun 14

Lehman Brothers Inc.: $38B Affiliate Settlement, Full Customer Recovery

Lehman Brothers Inc., the U.S. broker-dealer subsidiary of Lehman Brothers Holdings Inc., entered SIPA liquidation September 19, 2008. After 14 years, it concluded September 2022 with 100% customer recovery and a $38B affiliate settlement resolving cross-border claims with LBIE and LBJ.

FreefallFinancial services

Week of June 1, 2026

Jun 6

CTN Holdings: $20M Credit Bid Sale and Chapter 7 Conversion

CTN Holdings, Inc. (f/k/a Aspiration Partners) filed chapter 11 March 30, 2025 in Delaware (No. 25-10603). Insider Inherent Aspiration served as DIP lender and credit-bid $20M for all assets. Auction cancelled; cases converted to chapter 7 Aug. 7, 2025.

FreefallIndustrials & manufacturing