Texas Southern coverage

chapter 11 and restructuring coverage from Texas Southern.

107 articles

Showing 13 to 24 of 107 coverage articles

Week of June 29, 2026

LURIN Lines Up $50M Fitzroy Grove Sale as Property-Level Chapter 11 Expands

LURIN's property-level chapter 11 is moving into asset sales, led by Weidner's $50 million stalking-horse bid for Fitzroy Grove as the multifamily platform negotiates cash collateral lender by lender.

Real estate & construction

Jul 3

Bitcoin Depot Files Chapter 11 to Liquidate, Pulls 9,700 Bitcoin ATMs Offline

Bitcoin Depot Inc. and 16 affiliates filed Chapter 11 on May 18, 2026 in the Southern District of Texas to wind down North America's largest Bitcoin ATM network. The company took about 9,700 kiosks offline and is selling assets under section 363, with distributions through a Liquidation Trust.

Financial services

Week of June 15, 2026

Jun 18

Inotiv Files Prepackaged Chapter 11 to Cut $326M Debt, Hand Lenders Control

Inotiv's June 3, 2026 prepackaged Chapter 11 (S.D. Tex.) cuts ~$326M of debt via a debt-for-equity swap: first-lien lenders take 93% of new equity, existing stock is wiped out, Envigo-related DOJ claims are reinstated. Funded by a $65M DIP rolling into a $150M exit loan. Hearing July 14, 2026.

PrepackagedHealthcare & life sciences

Week of June 1, 2026

Jun 7

H-Food Holdings: $2B Debt Cut, Emerges as Maker's Pride

H-Food Holdings, parent of Hearthside Food Solutions, filed chapter 11 in Houston Nov. 2024 carrying ~$2.75B in funded debt. A prenegotiated balance-sheet plan eliminated ~$2B in obligations and the company emerged March 31, 2025 as Maker's Pride LLC.

PrenegotiatedFood & agriculture

Jun 6

Global Wound Care Medical Group: $10.7M DIP and Medicare-Driven Shutdown

Global Wound Care Medical Group filed chapter 11 in S.D. Texas on Oct. 21, 2024, after a Medicare payment suspension cut off 90% of its revenue. The debtor secured a $10.7M DIP from East West Bank in Oct. 2025 before ceasing all operations in Dec. 2025, with chapter 7 pending a DOJ settlement.

FreefallHealthcare & life sciences

Jun 6

Mitel Networks: $1.15B Prepackaged Plan Confirmed in 39 Days

Mitel Networks filed prepackaged chapter 11 in Texas in March 2025 and confirmed its plan 39 days later, cutting $1.15B from a $1.31B debt stack by converting senior secured claims to equity. A $131M DIP financed operations. Searchlight's stake was cancelled; lenders took control June 20, 2025.

PrepackagedTechnology & telecom

Jun 6

Painted Tree Boutiques Abruptly Closes 65 Locations, Files Chapter 7; Trustee Rejects 61 Leases

Painted Tree Boutiques filed chapter 7 with 65 affiliate entities in S.D. Tex. on April 28, 2026, four days after abruptly closing all stores. Trustee Murray is rejecting 61 storefront leases and has sought modified notice for approximately 11,000 creditors.

Chapter 7Consumer & retail

Jun 1

TPI Composites: Court Confirms Liquidating Plan for Vestas Assets

On May 21, 2026, Judge Lopez confirmed the TPI Mexico V and VI liquidating plan, transferring 100% reorganized equity to Vestas free and clear, funding a $4.5M wind-down reserve and GUC trust, and approving global releases. The 20 RemainCo debtors face a July 1, 2026 combined hearing.

Industrials & manufacturing

Jun 1

Trinseo PLC: $2.72 Billion Prepackaged Debt-for-Equity Plan

Trinseo PLC filed prepackaged chapter 11 in S.D. Tex. on May 26, 2026. The plan reduces $2.72 billion in funded debt through a debt-for-equity conversion, with trade creditors unimpaired. Confirmation hearing set for July 27, 2026.

PrepackagedIndustrials & manufacturing

Week of May 18, 2026

May 22

QVC Group: $5B+ Debt Cut, Preferred Equity Asset Dispute

QVC Group, parent of QVC and HSN, filed prepackaged chapter 11 on April 16, 2026 in SDTX to implement a $5B+ debt cut, reducing $6.6B to $1.3B. Trade creditors and Cornerstone Brands creditors are unimpaired; emergence is targeted within 90 days.

PrepackagedConsumer & retail

May 22

Carbon Health Confirms Debt-for-Equity Plan, Lenders Take 100% of Equity

Carbon Health confirmed a debt-for-equity reorganization after Kroll noticed an April 2 bar date, while $19.5M in financing supported the sale-and-plan track.

PrenegotiatedHealthcare & life sciences

May 22

Mosaic Sustainable Finance: $45M DIP and Liquidating Plan Transfers $8B Solar Portfolio

Mosaic Sustainable Finance filed chapter 11 in Houston on June 6, 2025, after a 31% solar market contraction and federal tax credit rollback. A $45M DIP financed the wind-down; Forbright's subsidiary Solar Servicing acquired the $8B+ servicing portfolio through a confirmed liquidating plan.

FreefallEnergy & natural resources