Mar 24Grand Slam Track: Winners Alliance Plan Offers Athletes 70% RecoveryGrand Slam Track filed chapter 11 after $40M investor pullout. Athletes owed $7M as Johnson's pro track league collapses with $31M debt.Freefall
Mar 23IPIC Theaters: Subchapter V Liquidation of Premium Theater ChainIPIC Theaters filed subchapter V chapter 11 in S.D. Fla. on February 25, 2026, to liquidate its 13 leased theater locations. The company reported $112.5M in 2025 gross income and a $19.4M net loss, with ~$113.9M in total liabilities dominated by lease obligations and near-zero funded secured debt.Subchapter V
Mar 20Baker & Taylor Files Chapter 11 to Wind Down After ReaderLink Deal CollapsesBaker & Taylor filed chapter 11 in New Jersey on March 16, 2026 after CIT tightened liquidity, a failed ReaderLink sale, and a yearlong wind-down left mostly lease and unsecured claims for the court to manage.Freefall
Mar 19Glenwood Caverns: Mountaintop Theme Park Files Chapter 11 After $119.8 Million Wrongful Death JudgmentGlenwood Caverns Adventure Park, America's only mountaintop theme park, filed chapter 11 in Delaware after a $119.8 million wrongful death judgment from a 2021 ride fatality dwarfed the park's $14 million in total assets.
Mar 19Troika Media Group: Blue Torch Sale and LiquidationTroika Media Group filed chapter 11 in SDNY on December 7, 2023 after Converge acquisition debt and escrow disputes triggered a liquidity crisis. The case moved through a Blue Torch-controlled 363 sale, settlement of a $29.1 million escrow fight, and a liquidation plan effective March 29, 2024.
Mar 19Mountain Sports LLC: EMS and Bob's Stores LiquidationMountain Sports LLC filed chapter 11 in Delaware after PNC cut off funding, sold Eastern Mountain Sports and Bob's Stores assets to Mountain Warehouse, and is now pursuing a liquidating plan that projects low single-digit unsecured recoveries.Freefall
Mar 19Digital Media Solutions Completes $95M Credit Bid SaleDigital Media Solutions completed a $95M lender credit-bid sale after its 2024 chapter 11 filing; BlackRock-led investors acquired the core business.Prenegotiated
Mar 16Hawthorne Race Course: 363 Sale and License PreservationHawthorne Race Course's chapter 11 case centers on a section 363 sale, disputed DIP financing, and preserving the racing and gaming licenses that support going-concern value in Illinois.Freefall
Mar 10Metropolitan Theatres: Century-Old Cinema Chain Restructures Through Subchapter VMetropolitan Theatres Corporation, a four-generation Corwin family cinema chain founded in 1923, filed Subchapter V in C.D. Cal. to restructure above-market leases. The plan confirmed March 2025 with 97.7% creditor support; the family retained equity and emerged operating 11 theatres.Subchapter V
Mar 7Thrill Intermediate LLC: Ridiculousness Control Fight and Cash Collateral DisputeThrill Intermediate LLC filed chapter 11 in Nevada after a lender control fight over the Thrill One platform. The case centers on cash collateral, the Ridiculousness production chain, and Gorilla Flicks' effort to resume direct payments under its executive producer agreement.Freefall
Mar 6Cumulus Media: Second Bankruptcy Filing Proposes $592 Million Deleveraging Through Prepackaged PlanCumulus Media's second bankruptcy centers on a Houston prepackaged chapter 11 plan that would cut about million of debt, keep general unsecured creditors unimpaired, and transfer ownership to lender groups.Prepackaged
Mar 6Imperial Pacific International (CNMI): $12.95M Sale and Liquidation PlanImperial Pacific (CNMI) filed chapter 11 on Apr 19, 2024 and moved toward a liquidation plan after a $12.95M sale to Team King.