Delaware coverage

chapter 11 and restructuring coverage from Delaware.

189 articles

Showing 37 to 48 of 189 coverage articles

Week of May 4, 2026

Ideanomics Liquidating Plan Confirmed: WAVE Sale to Tillou and Wind-Down Trust

Ideanomics filed chapter 11 in D. Del. on Dec 4, 2024 with \~$30.5M of funded debt and \~$189K in cash. Tillou acted as DIP, stalking horse, and credit-bid buyer of WAVE; JVIS bought VIA Motors. Judge Goldblatt confirmed the plan over a UST third-party-release objection.

Industrials & manufacturing

May 5

Water Gremlin: TCE-Driven Chapter 11 and Liquidating Plan

Water Gremlin Company filed chapter 11 in D. Del. on Oct 27, 2023 with 90+ TCE tort plaintiffs and $33M+ in remediation costs. Aquila sold to Accuma, U.S. assets to Otter Lake ($24.1M combined). Plan confirmed Aug 1, 2025 with $14.4M Okabe contribution and $27.25M TCE settlement.

Industrials & manufacturing

May 5

Center City Healthcare: Liquidation Plan and the Hahnemann Wind-Down

Center City Healthcare and 13 affiliates filed chapter 11 in D. Del. on June 30, 2019 to wind down Hahnemann and sell St. Christopher's. Plan confirmed Feb 25, 2026; MidCap DIP repaid from STC sale; $57.2M Tenet/Conifer claim subordinated; GUC recovery projected 2.7%-5.8%.

Healthcare & life sciences

May 5

Taronis Fuels: SEC Fraud Drives Chapter 11 Liquidation With Sequential Asset Sales

Taronis Fuels filed chapter 11 in Delaware Nov. 2022 after SEC accounting-fraud investigation drove Tech Capital default. Sequential asset sales in Florida, Texas, and California totaled ~$25.7M. Liquidating plan confirmed Aug. 2024; GUC recovery ~9.2%; case closed Dec. 2025.

Industrials & manufacturing

May 5

SiO2 Medical Products: Oaktree Equitization, Cancelled Auction, and Founder Litigation

SiO2 Medical Products filed chapter 11 in Delaware March 2023 with $430M in debt. Oaktree equitized its first lien in a $350M plan confirmed July 2023 after no auction bids. Founder Abrams's fraud claims against ATHOS investors continue in state court.

PrenegotiatedHealthcare & life sciences

May 5

Novation Companies: Prepackaged Second Chapter 11 Preserves $731M NOL Stack

Novation Companies and three affiliates filed a prepackaged chapter 11 in Delaware on August 13, 2023 — the corporate group's second chapter 11 — exchanging $97.8M of secured note debt for equity and preserving $731M of NOLs. The plan confirmed in 54 days; cases closed March 3, 2026.

PrepackagedHealthcare & life sciences

May 5

Lucky Bucks: Prepackaged Chapter 11, Holdings Converted to Chapter 7

Lucky Bucks filed prepackaged chapter 11 in Delaware on June 9, 2023 with $904 million in funded debt. OpCo confirmed a plan in 49 days and emerged as Arc Gaming; Holdings converted to chapter 7, transferring $237.7 million in alleged dividend-clawback claims to an independent trustee.

PrepackagedMedia, sports & entertainment

May 4

Cirque du Soleil: First Lien Lenders Acquire Via $1.09B Credit Bid in CCAA Sale, Case Winds Down After Five Years

Cirque du Soleil filed chapter 15 in Delaware July 2020 as an ancillary to Canadian CCAA proceedings. First lien lenders credit-bid approximately $1.089 billion to acquire the company through Spectacle BidCo. The case closed January 27, 2026 after a five-year wind-down.

Chapter 15Media, sports & entertainment

May 4

PES Holdings: Refinery Explosion, Hilco Sale, and $200M Insurance Recovery

PES Holdings filed chapter 11 in Delaware on July 21, 2019, one month after the Girard Point refinery explosion. The court confirmed a liquidating plan; the site sold to Hilco for ~$224.5M and the Liquidating Trust recovered over $200M through a 2022 BI insurance settlement.

FreefallEnergy & natural resources

Week of April 27, 2026

Apr 29

National Railway Equipment: Great Rock's One-Day $2.4M Demand Triggers Chapter 11

National Railway Equipment filed chapter 11 after Great Rock demanded $2.4M in one business day, with a marine-unit sale and recapitalization planned.

FreefallIndustrials & manufacturing

Week of April 6, 2026

Apr 9

Conscious Content Media: HOMER App Maker Targets $106M Debt Cut

Conscious Content Media filed chapter 11 on Dec. 17, 2025, proposing a $106M debt cut. HOMER parent backed by LEGO and Sesame faces EdTech funding decline.

PrenegotiatedTechnology & telecom

Week of March 23, 2026

Mar 27

The Cannabist Company: CCAA Wind-Down and Chapter 15 Recognition of $220M Cannabis Restructuring

The Cannabist Company Holdings Inc. (formerly Columbia Care) commenced CCAA proceedings in Ontario and chapter 15 in Delaware to execute a structured wind-down of $220M in funded debt. Moelis-led sale process closed $130M Virginia transaction; Ohio and Delaware sales pending regulatory approval.

Chapter 15Food & agriculture

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