Texas Northern coverage

chapter 11 and restructuring coverage from Texas Northern.

30 articles

Showing 13 to 24 of 30 coverage articles

Week of March 9, 2026

Zips Car Wash: Lenders Take Control After 84-Day Restructuring

Zips Car Wash filed chapter 11 in the Northern District of Texas on February 5, 2025, emerged on April 30 after a lender-backed balance-sheet reset, and still had claims objections and lease appeals working through the docket into March 2026.

PrepackagedConsumer & retail

Mar 9

Prospect Medical Holdings: Effective Date Caps Hospital Breakup

Prospect Medical Holdings' chapter 11 plan went effective on March 6, 2026 as Centurion closed on Roger Williams Medical Center and Our Lady of Fatima Hospital. The case now turns to claims reconciliation, California post-sale cleanup, and Pennsylvania wind-down work.

Healthcare & life sciences

Week of March 2, 2026

Mar 6

Cottonwood Financial: Cash Store Payday Lender Sold to Check 'n Go Operator

Cash Store payday lender Cottonwood Financial filed chapter 11 Feb 2024; sold 181 stores to CNG Holdings. Unsecured creditors received nothing.

Financial services

Mar 6

Inspired Healthcare Capital Holdings: Senior Living Platform Seeks Sale

Inspired Healthcare Capital filed chapter 11 Feb. 2, 2026 in N.D. Texas with 33 senior living communities and a proposed $35M DIP.

FreefallHealthcare & life sciences

Mar 6

Stoli Group USA and Kentucky Owl Convert Chapter 11 to Chapter 7

Stoli Group (USA) filed Nov 27, 2024 in ND Tex. The case converted to chapter 7 on Jan 15, 2026.

FreefallFood & agriculture

Mar 6

KidKraft: MidOcean-Backed Toy Maker Sold to Backyard Products in Prepack

KidKraft filed prepackaged chapter 11 May 2024; sold to Backyard Products. Plan confirmed in 45 days. Canadian affiliates filed separate CCAA.

PrepackagedIndustrials & manufacturing

Mar 6

CareMax: Sale-Based Chapter 11 Plan Exits in 78 Days

CareMax Nov 2024 N.D. Texas ch. 11 used DIP financing and sale transactions; plan confirmed Jan 2025, effective Feb 2025.

Healthcare & life sciences

Mar 6

Hooters of America: Founder-Led Buyout Returns Iconic Chain to Its Roots

filed ch. 11 with $376M debt. Founders acquired 140+ locations. Full docket and plan confirmation analysis.

FreefallFood & agriculture

Mar 6

Buddy Mac Holdings: Franchisor Collapse Triggers Chapter 11

Buddy Mac Holdings filed chapter 11 with 49 affiliates after franchisor bankruptcy triggered supplier credit crisis. Complete 50-debtor case analysis.

FreefallConsumer & retail

Mar 6

Merit Street Media: Judge Converts Dr. Phil Network to Chapter 7 After Evidence Destruction Finding

Merit Street Media chapter 11 converted to chapter 7 after judge found Dr. Phil destroyed evidence. Gangster move text deleted; Envoy formed pre-filing.

FreefallMedia, sports & entertainment

Mar 6

Groff Tractor Mid Atlantic: 67-Year CASE Dealer Pursues Going-Concern Sale

Groff Tractor Mid Atlantic CASE dealer filed ch. 11 October 14, 2025, launching expedited 363 sale with December 15 auction.

Industrials & manufacturing

Mar 6

Buckingham Senior Living: Houston CCRC's Second Bankruptcy in Four Years

Buckingham filed a second bankruptcy after its 2021 restructuring failed; Focus Healthcare's $100M bid offers zero fee recovery.

Healthcare & life sciences