Texas Northern coverage

chapter 11 and restructuring coverage from Texas Northern.

30 articles

Showing 1 to 12 of 30 coverage articles

Week of June 29, 2026

Kentucky Owl and Stoli Group USA: $88.5M Liabilities and Trustee-Led Wind-Down

Kentucky Owl and Stoli Group USA entered chapter 11 in November 2024 with $88.5M in liabilities. After a conversion fight with Fifth Third Bank, dual chapter 11 trustees are now liquidating 35,000+ bourbon barrels in a brokered sale through the N.D. Texas.

Food & agriculture

Week of June 22, 2026

Jun 23

Hallmark Financial Services Files Prepackaged Chapter 11

Hallmark Financial Services, a Dallas insurance holding company, filed a prepackaged chapter 11 in the Northern District of Texas under a restructuring support agreement with Hildene Capital, restructuring roughly $52.2 million of senior unsecured notes through a dual-track toggle plan.

PrepackagedFinancial services

Week of June 1, 2026

Jun 6

Tuesday Morning: $40M Rights Offering Delivers Full Unsecured Recovery

Tuesday Morning's 2020 chapter 11 ended with a confirmed plan that paid general unsecured claims in full. Funded by a $40 million rights offering and a $110 million exit ABL, the Dallas off-price retailer emerged in January 2021 with 490 stores — then refiled in 2023.

FreefallConsumer & retail

Week of May 18, 2026

May 18

Omnicare Wins Approval of $250M Sale to GenieRx

Omnicare's Texas bankruptcy court approved the 363 sale of the CVS long-term care pharmacy unit to GenieRx Holdings on May 13, 2026, after a $948.8M False Claims Act judgment; the auction was canceled and plan exclusivity extended to July 2026.

FreefallHealthcare & life sciences

Week of May 4, 2026

May 4

Senior Care Centers: Texas Skilled Nursing Chapter 11 Freefall

Senior Care Centers, then Texas's largest skilled nursing operator with 97 facilities and ~13,000 beds, filed chapter 11 in December 2018 without DIP financing. The case ran on cash collateral, wound down via OTA transfers, and confirmed a joint debtor/UCC plan effective March 2020.

FreefallHealthcare & life sciences

Week of April 27, 2026

Apr 29

Wiser Solutions: $90M Crestline Credit-Bid Sale Drives Chapter 11

Wiser Solutions, a retail-intelligence SaaS platform, filed chapter 11 in the Northern District of Texas on April 27, 2026. Crestline — senior lender, DIP lender, and stalking-horse affiliate — is positioned to acquire assets via a $90 million credit bid in a sale targeting June 23.

Technology & telecom

Week of March 30, 2026

Mar 31

Genesis Healthcare: Insider Sale Rejected in $2.2B Nursing Home Bankruptcy

Genesis Healthcare, once the largest U.S. skilled nursing operator with 175 facilities and 27,000 employees, saw its chapter 11 insider sale rejected over "irregularities." A new auction has been ordered.

Healthcare & life sciences

Week of March 23, 2026

Mar 24

TGI Friday's: Liquidation Plan Enters Solicitation After 363 Sale

filed ch. 11 November 2024 after 55% location decline. Mera Global acquired via 363 sale.

Food & agriculture

Week of March 16, 2026

Mar 19

Eye Care Leaders: Ransomware, 363 Sale, Creditor Trust

Eye Care Leaders filed chapter 11 in the Northern District of Texas after ransomware fallout, customer attrition, and liquidity strain. The case centered on a fast section 363 sale and ended with a confirmed liquidating plan that transferred remaining assets into the ECL Creditor Trust.

Healthcare & life sciences

Mar 19

Eiger BioPharmaceuticals: $45.2M Sale and Rare Equity Recovery

Eiger filed chapter 11 April 2024; sold Zokinvy for $45.2M and avexitide for $35.1M. Rare outcome: equity holders received distributions.

Healthcare & life sciences

Mar 19

Buca di Beppo: Italian Restaurant Chain's $27M Credit Bid Sale

Italian family-style dining chain Buca di Beppo filed chapter 11 in the Northern District of Texas with $39M in secured debt and $250K cash. Main Street Capital acquired 41 restaurants via $27M credit bid. The estate converted to chapter 7 after administrative insolvency.

Chapter 7Food & agriculture

Mar 16

Tommy's Boats: Trustee-Led Liquidation After Dealer Dispute

Tommy's Boats filed chapter 11 in Texas after a dispute with Malibu Boats and roughly $105 million in floorplan debt. The case shifted quickly to chapter 11 trustee control, produced a $3.5 million Malibu settlement, and ended in a confirmed liquidating plan effective August 26, 2025.

FreefallConsumer & retail