Delaware coverage

chapter 11 and restructuring coverage from Delaware.

189 articles

Showing 25 to 36 of 189 coverage articles

Week of June 1, 2026

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

Jun 6

Crystallex International: $5.9B PDVH Share Sale and Chapter 15 Enforcement

Crystallex International's Delaware chapter 15 recognizes its Canadian CCAA proceeding. The recovery path runs through a $5.9B court-ordered PDVH share sale to collect Crystallex's Venezuela arbitration award. Approved Nov. 2025; Third Circuit appeal pending.

Chapter 15Energy & natural resources

Jun 1

Village Roadshow: Liquidation Plan Confirmed with $57M Warner Bros. Settlement

Village Roadshow Entertainment Group's chapter 11 plan was confirmed in Delaware on April 17, 2026 and went effective May 1, 2026. The plan distributes $440M of Alcon sale proceeds and grants Warner Bros. a $57.05M allowed claim, ending the Matrix arbitration. Bar date June 1, 2026.

Media, sports & entertainment

Jun 1

Navidea Biopharmaceuticals: $11.95M Sale and Subchapter V Liquidation Plan Confirmed

Navidea 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 VHealthcare & life sciences

Jun 1

Impac Mortgage: Court Confirms $23.95M Hildene Debt-for-Equity Plan

The Delaware bankruptcy court confirmed Impac Mortgage Holdings prepackaged chapter 11 plan on May 29, 2026 — 33 days after filing. Plan sponsor Hildene Re SPC converts $23.95M in senior secured claims into 100% of reorganized equity; $850M in federal NOLs preserved; existing equity cancelled.

PrepackagedFinancial services

Week of May 18, 2026

May 22

Pinstripes Holdings: From $520M SPAC Debut to Chapter 7 in Under Two Years

Pinstripes public holding company sold its eatertainment assets to lender affiliate SilverStrike through a $15M credit bid, then converted from chapter 11 to chapter 7.

Chapter 7Food & agriculture

May 22

Nikola Assets Sold to Lucid, Liquidating Trust Addresses Trevor Milton Claims

Nikola Corporation (NASDAQ: NKLA) filed chapter 11 in Delaware on Feb. 19, 2025, after failing to find a buyer pre-petition. Assets sold via 363 to Lucid; liquidating plan went effective Dec. 12, 2025. Milton's presidential pardon spawned ISSO claims.

Industrials & manufacturing

May 22

Benson Hill: From $2B SPAC Valuation to Credit Bid Sale and Chapter 7

Benson 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 7Healthcare & life sciences

May 20

West Marine Bankruptcy: $549.2M in Debt, Dual-Track Plan Targets July Confirmation

West Marine filed prenegotiated chapter 11 May 17, 2026 in Delaware (26-10794-KBO) with $549.2M in funded debt and a dual-track plan backed by 96.2% of term loan holders. Oaktree and L Catterton-backed boating retailer targets recapitalization or asset sale; combined hearing July 30, 2026.

PrenegotiatedConsumer & retail

May 18

Food52: Liquidating Plan Heads to Confirmation After $13.4M Sale

Food52, Inc.—renamed Salt House, Inc.—filed chapter 11 in Delaware after a December 2025 Avidbank cash sweep. Its three brands sold for $13.375 million, and a chapter 11 plan of liquidation projecting roughly 9% for unsecured creditors heads into confirmation.

Consumer & retail

Week of May 11, 2026

May 13

SBS: $310M Note Maturity Triggers Chapter 11

Spanish Broadcasting System filed chapter 11 after missing its $310 million note maturity, with noteholder support for a prepackaged restructuring.

Prepackaged

Week of May 4, 2026

May 6

DirectBuy Home Improvement (Z Gallerie): Liquidation Trust and Trustee Litigation

DirectBuy Home Improvement (d/b/a Z Gallerie) filed chapter 11 in D.N.J. on Oct 16, 2023 — its third bankruptcy in 14 years. B. Riley liquidated 21 stores; Karat Home bought e-commerce assets for \~$7.2M. Plan effective Apr 30, 2024; trust now pursuing preference recoveries.

Consumer & retail

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