Mar 6Elite Equipment Leasing: Crane Operator Fights DIP Lender Default in Montana Chapter 11Elite Equipment Leasing filed chapter 11 with $80M+ work backlog; DIP default motion denied Dec 2025.Freefall
Mar 6Avant Gardner Files Chapter 11 After NYC Revokes Brooklyn Mirage Permits; Axar Takes Over for $110MAvant Gardner filed chapter 11 after NYC revoked Brooklyn Mirage permits. Axar's $110M+ credit bid approved; UCC achieved $20M+ settlement.
Mar 6Five Star Selects Madison for Texas Property SaleFive Star selected Madison as the sole qualified bidder for eight Texas properties. A September 18 sale hearing follows procedures allowing a credit bid of up to $90 million.
Mar 6Pappas Piping Services: Bay Area Mechanical Contractor Files Amid Weak Construction MarketPappas Piping filed chapter 11 amid weak Bay Area construction market; San Jose contractor with 27-year history.Freefall
Mar 6Crown Capital Holdings: $119M Fraud Conviction Triggers 10,000-Unit Affordable Housing CollapseCrown Capital Holdings filed chapter 11 after a $119M fraud conviction impaired 10,000+ affordable housing units.Freefall
Mar 6Groff Tractor Mid Atlantic: 67-Year CASE Dealer Pursues Going-Concern SaleGroff Tractor Mid Atlantic CASE dealer filed ch. 11 October 14, 2025, launching expedited 363 sale with December 15 auction.
Mar 6Hudson Hotel Files Chapter 11 After Parkview's $80M Foreclosure to Save 440-Unit ConversionParkview foreclosed on CSC Real Estate's Hudson Hotel equity in July 2025, then filed chapter 11 in Delaware on October 22, 2025 to save the 440-unit Manhattan conversion. The case faces a bad-faith dismissal motion and three-way opposition to a $32.76M DIP facility.Freefall
Jan 1Worldwide Machinery Group: Greenberg Family Reclaims Business via $69M Sale in 41 DaysWorldwide Machinery filed chapter 11 in Texas after lender sale disputes and completed a $69M going-concern sale to a Greenberg family buyer in 41 days.
Jan 1Wellmade Floor Coverings' $58.5M Sale to AHF Funds Full-Recovery Liquidating PlanWellmade Floor Coverings filed chapter 11 in August 2025 after a federal labor-trafficking raid at its Georgia plant. AHF Products bought the flooring facility for $58.5M — $18.5M above its stalking-horse bid — funding a liquidating plan that pays all five creditor classes in full.