Texas Southern coverage

chapter 11 and restructuring coverage from Texas Southern.

107 articles

Showing 37 to 48 of 107 coverage articles

Week of May 4, 2026

Sanchez Energy: Eagle Ford Lien Fight and the Fifth Circuit Single-Satisfaction Ruling

Eagle Ford E&P Sanchez Energy filed chapter 11 Aug 2019 with $2.28B in funded debt, emerging as Mesquite Energy in June 2020. A six-year lien fight culminated in the Fifth Circuit's § 550(d) single-satisfaction ruling awarding secured noteholders 100% of reorganized equity; cert denied Nov 2025.

FreefallEnergy & natural resources

May 4

JCPenney Files Chapter 11; Simon and Brookfield Acquire Via $1B Credit Bid, PropCo Trust Winds Down

JCPenney filed chapter 11 in May 2020 after COVID closures eliminated cash flow on $5B in debt. Simon Property Group and Brookfield acquired the operating business via $1B credit bid; PropCo trust continues liquidating ~120 properties after $947M Onyx bulk sale collapsed in late 2025.

PrenegotiatedConsumer & retail

Week of April 13, 2026

Apr 18

Office Properties Income Trust Files Chapter 11 With $2.42B in Debt, Targeting $1B Deleveraging

OPI filed chapter 11 Oct 2025 with $2.42B debt, 124 office buildings and 17.2M sq ft; 80% noteholder support.

PrenegotiatedReal estate & construction

Apr 14

Ascend Elements: $1.5 Billion Battery Recycler Pursues 363 Sale After DOE Grant Cancellation

Ascend Elements, a lithium-ion battery recycler valued at $1.5 billion, filed chapter 11 in S.D. Tex. on April 9, 2026, pursuing a 363 sale after the DOE cancelled $110M of a $316M grant for its Kentucky facility. Jefferies is running the sale process; no DIP facility at filing.

FreefallIndustrials & manufacturing

Week of March 23, 2026

Mar 27

Ultinon Motion: $238M Acquisition Collapses Into Litigation Trust

Ultinon Motion Holding B.V. and two affiliates filed chapter 11 in S.D. Tex. after FBG-appointed management allegedly transferred tens of millions out of the $238M Lumileds acquisition. With $3.4M in cash and subsidiaries insolvent in four countries, the debtors pursue a litigation trust plan.

FreefallIndustrials & manufacturing

Mar 24

Zynex Files Chapter 11 After TRICARE Suspends Payments; Noteholders Take Full Equity in 94 Days

Zynex, a publicly traded Colorado medical device maker (ZYXI), filed chapter 11 Dec. 15, 2025 in S.D. Tex. after TRICARE suspended payments covering 20-25% of revenue. A $22.3M DIP from convertible noteholders backs a plan sponsor process with a $49.6M credit bid floor and Feb. 2026 deadlines.

PrenegotiatedHealthcare & life sciences

Week of March 16, 2026

Mar 19

Steward Health Care Files Chapter 11 With $6.6B in MPT Lease Obligations Across 31 Hospitals

$9.2B collapse, MPT's $7.5B waiver, CEO Senate contempt, 31 hospital sales. Complete restructuring analysis.

FreefallHealthcare & life sciences

Mar 19

Nine Energy Service: Prepack Equitizes Secured Notes

Nine Energy Service completed a Houston chapter 11 in little more than a month, cutting about $320 million of secured debt, handing ownership to noteholders, and refinancing the business through a $135 million exit ABL after a White Oak-backed DIP.

PrepackagedEnergy & natural resources

Mar 19

Incora: Landmark Uptier Litigation and Chapter 11 Reorganization

Incora's chapter 11 combined a debt-cutting reorganization with landmark litigation over its 2022 uptier transaction, making the case a major reference point for liability management disputes.

FreefallIndustrials & manufacturing

Mar 19

AppHarvest: Asset Sales and Liquidating Chapter 11

AppHarvest filed chapter 11 in Houston on July 23, 2023 after weak yields, high operating costs, and secured-creditor pressure strained liquidity. The case sold the company's greenhouse assets, confirmed a liquidation plan on September 14, 2023, and remains in post-effective wind-down.

Food & agriculture

Mar 19

The Aztec Fund Holding: Office Liquidation and BANA Settlement

The Aztec Fund Holding's chapter 11 ended with a June 2025 liquidation plan, office-property sales, and a Bank of America settlement after pandemic-era office distress.

Real estate & construction

Mar 19

Kal Freight: Liquidation Plan, Asset Sales, and Remaining Real Estate

Kal Freight's bankruptcy moved from an operating-restructuring narrative to a lender-controlled liquidation, including Triumph-backed financing, asset sales, a liquidating trust, and a 2026 sale process for remaining real estate.

Chapter 7Transportation & logistics

8

9