Current posture

What matters now

Integrity Investment Fund is in an early, creditor-driven chapter 11 posture, with no disclosed DIP financing, sale process, or plan path yet and the docket focused on basic case administration, counsel retention, and monitoring of collateral tied to tax certificates and receivables. The case was filed after Byline Bank, the debtor’s senior secured lender, asserted that it was owed about $11.4 million on a matured revolving loan secured by virtually all business assets, primarily tax certificates, and that the petition came the same day as a state-court hearing on Byline’s request to appoint a receiver, according to Byline’s objection to the schedule-extension motion Dkt. 12. Byline’s objection framed the opening dispute: the lender argued that the debtor had not timely filed required schedules, had not sought authority to use cash collateral, had not retained bankruptcy counsel, and had not established a DIP account while some tax certificates allegedly faced February 28, 2026 expiration risk. That objection also sought either denial of more time or conditions requiring turnover of original tax certificates, a sworn accounting of certificate status and expiration dates…

Updated May 29, 2026

Material case activity

1. Byline Bank seeks Chapter 7 conversion over alleged estate deterioration

   Jul 21, 2026