Freedom Forever is operating in Chapter 11 on interim cash-collateral authority, with the case now focused on liquidity control, contract pruning, professional retention, and the creditors’ committee’s review of restructuring and sale alternatives. The residential solar installer filed after a demand and liquidity shock in its dealer-driven platform: management cited the loss of the 30% residential clean-energy credit, executive actions affecting IRA-related solar funding, high interest rates, California net-metering changes, finance-partner payment defaults, and resulting dealer attrition as the pressures that pushed the company into Chapter 11, while disclosing roughly $155.1 million of funded and trade obligations led by SolarEdge, Tesla, EnFin, and trade creditors in the Bouchy first-day declarationDkt. 52.
The first-day path was built around use of cash collateral rather than new-money DIP financing. Freedom Forever sought authority to use collateral claimed by SolarEdge and Tesla so it could keep projects moving, preserve vendor and independent authorized dealer relationships, and avoid abandoning active installations, while offering replacement liens, superpriority claims, budget compliance, and reporting as adequate protection in the cash collateral motionDkt. 51. The court then entered an interim order authorizing cash-collateral use for the first four weeks of a 13-week budget, requiring weekly reporting and periodic variance testing, allowing a 15% aggregate disbursement variance during testing periods, and preserving a limited $25,000 investigation budget for estate professionals to review the consenting parties’ liens and claims in the .
The recent docket shows an estate still stabilizing operations rather than yet presenting a filed plan. The creditors’ committee moved to retain Dundon Advisers as financial advisor to analyze business plans, cash flow, unsecured recoveries, avoidance actions, restructuring efforts, sale processes, and plan or exit negotiations in the Dundon retention applicationDkt. 273. At the same time, the debtors continue to shed burdensome agreements, most recently seeking rejection of five software, marketing, and service contracts that they say are no longer needed and impose unnecessary administrative expense, with objections due June 24, 2026 and a July 15, 2026 hearing set on the third omnibus contract rejection motionDkt. 285.
Near term, the case has a June 18, 2026 omnibus hearing on the calendar, June 22 and June 24 objection deadlines for committee-advisor retention and the latest professional-fee and contract-rejection matters, and a July 15, 2026 hearing covering Dundon’s retention and the third omnibus rejection motion. The operating posture is therefore a budgeted cash-collateral runway under secured-creditor oversight, with the committee gearing up to test value, claims, sale options, and exit strategy before any plan path is formally teed up.
