Delaware coverage

chapter 11 and restructuring coverage from Delaware.

189 articles

Showing 13 to 24 of 189 coverage articles

Week of June 8, 2026

OYA Renewables: $39M Asset Sales and Liquidating Plan

Community solar developer OYA Renewables filed chapter 11 in Delaware on November 6, 2024 with $87M in secured debt. A court-supervised 363 auction sold assets to four buyers for ~$39M. The court confirmed a joint liquidating plan on April 21, 2025; effective April 24, 2025.

Energy & natural resources

Jun 9

Ultra Safe Nuclear: $28M Sale and Liquidating Plan

Ultra Safe Nuclear Corporation's freefall chapter 11 in Delaware produced a bifurcated 363 sale — $28M to Standard Nuclear for FCM fuel assets and $8.5M to Nano Nuclear for MMR/Pylon IP. Backed by a $23M JMB DIP facility, the case confirmed a liquidating plan effective April 14, 2025.

FreefallEnergy & natural resources

Jun 8

Heritage Coal: $21.6M 363 Sales and Liquidating Plan

KTRV LLC and Heritage Coal filed chapter 11 in Delaware on March 30, 2025. $21.6M in 363 sales covered Pennsylvania and Maryland coal assets. The liquidating plan confirmed October 23, 2025 after insider releases were stripped following objections from the UCC and state environmental regulators.

FreefallEnergy & natural resources

Jun 8

Bar Louie: $70M Balance-Sheet Restructuring and Lender Equity Takeover

Bar Louie filed chapter 11 in Delaware on March 26, 2025 — its second in five years — carrying ~$70 million in funded debt. A prepetition sale process failed, and QSR 10 acquired the lender claims and received 100% of reorganized equity when the plan went effective on September 29, 2025.

PrenegotiatedFood & agriculture

Jun 8

Forever 21: $1.58B Debt and Cash Collateral Liquidation

F21 OpCo, the U.S. operator of Forever 21, filed chapter 11 in Delaware on March 16, 2025, carrying $1.582 billion in funded debt. No going-concern buyer emerged; the liquidating plan was confirmed June 24 and went effective June 30, 2025.

PrenegotiatedConsumer & retail

Week of June 1, 2026

Jun 7

Franchise Group: $1.5B Debt-for-Equity Plan and Two-Step Emergence

Franchise Group's Delaware chapter 11 confirmed a plan cutting about $1.5B in debt via first-lien equitization, funded by a $750M DIP. The case sold Vitamin Shoppe for $193.5M, wound down American Freight, and emerged in two steps on June 6 and July 3, 2025.

PrepackagedConsumer & retail

Jun 6

Vintage Wine Estates: $140M Sale and Liquidating Plan

Meier's Wine Cellars Acquisition, LLC — chapter 11 vehicle for Vintage Wine Estates — filed in Delaware July 2024. A $140M auction sold the wine brands; a lender conversion fight settled through mediation into a liquidating plan effective February 28, 2025.

Food & agriculture

Jun 6

Rokstad Holdings: CAD$20M Canadian Sale in Cross-Border Chapter 15

FTI Consulting Canada filed chapter 15 for Rokstad Holdings in Delaware to extend a BC receivership. Stellex, which had acquired all secured debt, credit-bid U.S. operations while Graham Maintenance Services paid CAD$20M for Canadian assets in January 2025.

Chapter 15Energy & natural resources

Jun 6

HDC Holdings II (Dirt Cheap): $36.5M ABL Freefall and Chapter 7

HDC Holdings II and affiliates, operators of the Dirt Cheap off-price retail chain, filed chapter 11 in Delaware Oct. 10, 2024 with $36.5M in prepetition ABL debt, ran a chain-wide Hilco liquidation across ~68 stores, and converted to chapter 7 on Dec. 23, 2024.

FreefallConsumer & retail

Jun 6

Avante Health Solutions: $72.5M Credit-Bid Sale Ends in Chapter 7

Medical-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.

FreefallHealthcare & life sciences

Jun 6

Pivotal Post: $22M Insider Credit-Bid Sale and Dismissal

Film and TV post-production company Pivotal Post filed chapter 11 in Delaware in November 2024. The debtors' prepetition lenders credit-bid $22M to acquire assets through Film Services International. The case dismissed May 19, 2025 with no recovery for unsecured creditors.

FreefallMedia, sports & entertainment

Jun 6

Timber Pharmaceuticals: $14.35M Credit-Bid Sale to LEO Pharma and Liquidating Plan

Timber 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.

PrenegotiatedHealthcare & life sciences