Texas Northern coverage

chapter 11 and restructuring coverage from Texas Northern.

30 articles

Showing 25 to 30 of 30 coverage articles

Week of March 2, 2026

Harvest Sherwood Food Distributors: Antitrust Wind-Down

Harvest Sherwood, the largest independent U.S. food distributor ($4B revenue), filed chapter 11 in May 2025 after customer Sprouts Farmers Market moved to self-distribution. The wind-down case centers on monetizing ~$1.09B in antitrust claims against pork, chicken, beef, and turkey producers.

Food & agriculture

Mar 6

Higher Ground Education: 150 Guidepost Montessori Schools Collapse to 7

Higher Ground Education, VC-backed owner of 150+ Guidepost Montessori schools, filed chapter 11 in N.D. Tex. with $144M debt after $440M in operating losses. A cramdown liquidating plan provides 1.8%–10.1% GUC recovery.

PrenegotiatedBusiness & public services

Week of December 29, 2025

Jan 3

Vision2Systems: Liquidation Plan Confirmed Over U.S. Trustee Opposition

Dallas church fintech Vision2Systems filed chapter 11 in Feb. 2025 after a margin account practice caused donation shortfalls to 325 churches. The court confirmed a five-class liquidation plan in Jan. 2026 over U.S. Trustee opposition, with a $110,000 pool for unsecured creditors.

FreefallFinancial services

Jan 3

Tricolor Holdings Files Chapter 7 as Executives Charged with $800M Collateral Fraud

Tricolor Holdings, a Dallas-based subprime auto lender, abruptly shut down 60 dealerships in September 2025 and filed chapter 7 bankruptcy. Federal prosecutors later charged executives with an alleged $800M collateral fraud scheme, with JPMorgan and Fifth Third disclosing $340M+ in losses.

FreefallIndustrials & manufacturing

Jan 3

Scanrock Oil & Gas Bankruptcy: $50M Contested Case Confirms After 212-Day Fight

Scanrock Oil & Gas filed chapter 11 Feb 2025 with $50M in Prosperity Bank debt, no DIP financing. The 212-day case survived a trustee motion, substantive consolidation fight, and conversion threat, confirming a plan projecting 100% recovery for royalty and unsecured creditors.

FreefallEnergy & natural resources

Dec 30

PrimaLend Capital Partners: BHPH Lender Pursues Liquidating Chapter 11 Amid Subprime Auto Crisis

PrimaLend filed chapter 11 with $286M debt amid subprime auto crisis. Credit bid sales to CIBC and ANB expected; BVY II dispute shapes recoveries.

Industrials & manufacturing