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Texas Southern coverage - ElevenFlo

Texas Southern coverage

111 articles

Week of March 16, 2026

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

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

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

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.

Transportation & logistics

Axip Seeks Affiliate Case Closures After $161M Sale

Axip’s plan administrator seeks closure of six affiliate cases after the $161 million asset sale to Service Compression. The lead case would continue handling claims and remaining administration.

Energy & natural resources

Platinum Heights: Heights Hospital Plan Collapse in Chapter 11

Platinum Heights filed chapter 11 Feb. 20, 2025 in S.D. Texas; a sale-backed plan was confirmed but failed to go effective.

Healthcare & life sciences

Digital Media Solutions Completes $95M Credit Bid Sale

Digital Media Solutions completed a $95M lender credit-bid sale after its 2024 chapter 11 filing; BlackRock-led investors acquired the core business.

PrenegotiatedTechnology & telecom

Vroom: Holding-Company Prepack Equitizes $290M Convertible Notes

Vroom’s SDTX prepack chapter 11 equitized ~$290M of convertible notes at the parent while subsidiaries like UACC and CarStory stayed out of court.

PrepackagedIndustrials & manufacturing

Global Clean Energy Holdings: $40M Refinery to $2B Prepackaged Restructuring

Global Clean Energy filed a prepackaged chapter 11 with $2B+ debt after $950M CTCI dispute; emerged in 118 days.

PrepackagedEnergy & natural resources

Desktop Metal: $179 Million Merger to $7 Million Sale

Desktop Metal filed chapter 11 117 days after Nano Dimension bought it for $179.3 million. A 64-day liquidation sold core assets for $7 million.

Industrials & manufacturing

PosiGen: Bankruptcy Wind-Down After Fraud Allegations

PosiGen's chapter 11 shifted from fraud and trustee allegations to a Brookfield-led wind-down, with the liquidating plan confirmed February 24, 2026 and effective February 26.

Energy & natural resources

BMI Oldco: Talc Trust Plan in Abated Chapter 11

BMI Oldco’s chapter 11 centers on talc liability, a $32 million asset sale, a proposed trust plan, and a court-ordered abatement pending an asbestos determination.

FreefallEnergy & natural resources

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