New Jersey coverage

chapter 11 and restructuring coverage from New Jersey.

33 articles

Showing 25 to 33 of 33 coverage articles

Week of March 2, 2026

Atlantic Neurosurgical: 363 Sale of Surgery Center Assets and Liquidation Trust Plan

Atlantic Neurosurgical New Jersey ch. 11 ran a 363 sale and confirmed a joint liquidation trust plan effective March 2025.

Healthcare & life sciences

Mar 6

CBRM Realty: Unwinding Silber's Fraud-Tainted Housing Portfolio

CBRM Realty ch. 11 unwound Moshe Silber's fraud-tainted housing portfolio. $27M DIP, credit bid sale, litigation trust.

Real estate & construction

Mar 6

Flagship Resort: $5M Insider Buyout of Atlantic City Timeshare Portfolio

Atlantic City's largest non-casino hospitality provider filed chapter 11 amid consumer fraud litigation and margin compression. Former co-CEOs resigned weeks before filing, formed AC Boardwalk Investments, and acquired the 794-unit timeshare portfolio for $5M cash plus $40.5M in assumed debt.

Travel, leisure & hospitality

Mar 6

Crown Capital Holdings: $119M Fraud Conviction Triggers 10,000-Unit Affordable Housing Collapse

Crown Capital Holdings filed chapter 11 after a $119M fraud conviction impaired 10,000+ affordable housing units.

FreefallReal estate & construction

Mar 6

Skyline Tower Timeshare Association Files Subchapter V to Force $18.2M Atlantic City Sale

Skyline Tower Resort filed Subchapter V chapter 11 in November 2025 with $34M in projected capital needs through 2031. A whole-property sale will terminate interests of approximately 8,848 timeshare interval owners at the Atlantic City 32-story high-rise.

Subchapter VTravel, leisure & hospitality

Week of February 2, 2026

Feb 3

Sam Ash Music: $15.2M Gonher Sale, 42 Stores Closed

Sam Ash Music Corporation, the century-old music retailer, filed chapter 11 on May 8, 2024, closed all 42 stores, and sold its e-commerce platform and Samson Technologies wholesale unit to Mexico-based Gonher for $15.2 million. The liquidating plan went effective August 30, 2024.

Consumer & retail

Feb 3

Thrasio Hands Lenders Control After $495M Debt Cut

Thrasio cut about $495 million of debt in its 2024 chapter 11, handing control to first-lien lenders; its Legacy Trust later reached a $65 million settlement.

PrenegotiatedConsumer & retail

Week of January 5, 2026

Jan 10

Rite Aid: $4B Debt and Complete Liquidation After Two Filings

Rite Aid filed chapter 11 in October 2023 with $4 billion in funded debt and more than 1,600 opioid lawsuits. After emerging in September 2024 with $2 billion in debt eliminated, the pharmacy chain filed again in May 2025 and liquidated completely, closing all stores by October 2025.

FreefallConsumer & retail

Week of December 29, 2025

Jan 2

Powin Bankruptcy: $54M Asset Sales Leave Unsecured Creditors With Sub-5% Recovery

Oregon-based Powin, LLC filed chapter 11 June 9, 2025 in New Jersey after lenders declared defaults and installed an independent manager. FlexGen acquired IP for $36M; total asset sales reached $54M. Unsecured creditors face projected recovery of 0.8% to 4.5%.

FreefallEnergy & natural resources