Jul 2Debt-Free Sangamo Therapeutics Files Chapter 11 With $75M Sale BidsSangamo Therapeutics filed Chapter 11 in Delaware debt-free, with $75M in cash sale bids from Lilly and Astellas and a $30M case loan.
Jun 18Inotiv Files Prepackaged Chapter 11 to Cut $326M Debt, Hand Lenders ControlInotiv's June 3, 2026 prepackaged Chapter 11 (S.D. Tex.) cuts ~$326M of debt via a debt-for-equity swap: first-lien lenders take 93% of new equity, existing stock is wiped out, Envigo-related DOJ claims are reinstated. Funded by a $65M DIP rolling into a $150M exit loan. Hearing July 14, 2026.Prepackaged
Jun 18GoHealth Files Prepackaged Chapter 11, Hands Control to Lenders on $772M DebtGoHealth 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.Prepackaged
Jun 8OneCore Health: $15M Tort Judgment and Insider RecapitalizationOneCore Health (Hospital for Special Surgery, LLC) filed chapter 11 in Oklahoma City on Oct. 7, 2024 after a $15M jury verdict exceeded its enterprise value. Insider equity holder Solara Surgical Partners provided a $2.0M DIP loan and a $2.8M new-value plan confirmed May 13, 2025.Freefall
Jun 6Global Wound Care Medical Group: $10.7M DIP and Medicare-Driven ShutdownGlobal Wound Care Medical Group filed chapter 11 in S.D. Texas on Oct. 21, 2024, after a Medicare payment suspension cut off 90% of its revenue. The debtor secured a $10.7M DIP from East West Bank in Oct. 2025 before ceasing all operations in Dec. 2025, with chapter 7 pending a DOJ settlement.Freefall
Jun 6Avante Health Solutions: $72.5M Credit-Bid Sale Ends in Chapter 7Medical-equipment servicer Avante Health Solutions (Jordan Health Products) filed chapter 11 in Delaware Oct 2024 after $20M+ in Philips litigation costs. Staple Street acquired all assets via $72.5M credit bid; no auction held. Case converted to chapter 7 June 24, 2025.Freefall
Jun 6Timber Pharmaceuticals: $14.35M Credit-Bid Sale to LEO Pharma and Liquidating PlanTimber Pharmaceuticals filed chapter 11 in Delaware on Nov. 17, 2023. LEO Pharma credit-bid $14.35M for its TMB-001 dermatology program after a failed merger. The liquidating plan projected 11.1%–44.3% recovery for unsecured creditors; final decree entered Jan. 29, 2025.Prenegotiated
Jun 1Navidea Biopharmaceuticals: $11.95M Sale and Subchapter V Liquidation Plan ConfirmedNavidea Biopharmaceuticals secured Subchapter V plan-of-liquidation confirmation on May 27, 2026, distributing residuals from its $11.95M Cardinal Health 363 sale through a Plan Administrator and Litigation Trust, with a Scott Settlement on insider debt.Subchapter V
May 22Carbon Health Confirms Debt-for-Equity Plan, Lenders Take 100% of EquityCarbon Health confirmed a debt-for-equity reorganization after Kroll noticed an April 2 bar date, while $19.5M in financing supported the sale-and-plan track.Prenegotiated
May 22Benson Hill: From $2B SPAC Valuation to Credit Bid Sale and Chapter 7Benson Hill funding rounds, investors, SPAC proceeds and bankruptcy path: a $282.3M venture-backed AgTech company moved through a Delaware chapter 11 credit bid sale and chapter 7 conversion.Chapter 7
May 2223andMe: From $6B Unicorn to $305M Nonprofit Sale23andMe filed chapter 11 in March 2025 after declining from a $6 billion peak valuation to approximately $50 million, compounded by a 6.9 million-customer data breach. A two-stage auction produced a $305 million sale to TTAM Research Institute, a nonprofit founded by co-founder Anne Wojcicki.
May 21CHS Care NY: YesCare Files Chapter 11 After $307M Jackson VerdictCHS Care NY, LLC filed chapter 11 on May 14, 2026 in the Middle District of Florida, joining the YesCare prison-healthcare group's repeat bankruptcy. The case follows a $307M Michigan jury verdict, the Tehum Plan settlement default, and a Tehum-trust motion to transfer venue to S.D. Texas.Freefall