SiFi Networks America’s Chapter 11 liquidation plan became effective on September 30, 2026, following the sale of substantially all its assets; a liquidation trust will administer remaining assets and claims. The next scheduled milestone is a December 3, 2026 hearing on final professional fee applications, with objections due November 20, according to the debtor’s counsel’s application Dkt. 252.

SiFi Networks America, LLC’s liquidating Chapter 11 plan was confirmed and became effective on September 30, 2026. The effective date notice Dkt. 244 identifies Stanley W. Mastil as liquidation trustee. Under the confirmation order Dkt. 243, the trust is to liquidate remaining assets, reconcile claims, make distributions and wind down the estate; directors’ and officers’ claims remain estate property for the trustee to pursue.

The fiber network developer filed for Chapter 11 on June 5, 2026, after its parent stopped funding it and the company faced liquidity and litigation pressures. Its first-day declaration Dkt. 11 reported a $2.2 million secured loan from ArcLink Fiber LLC, $26.4 million in accounts payable and accrued liabilities as of April 30, 2026, and an approximately $17.5 million arbitration award for which the debtor was jointly and severally liable.

ArcLink financed the sale process under a final financing order Dkt. 139 authorizing up to $3.43 million in new-money loans and a roll-up of prepetition secured debt. The court approved the sale of substantially all purchased assets to ArcLink or its designated buyer for a credit bid, $200,000 in cash, assumed liabilities and cure amounts; the specified credit-bid components totaled $5,853,039, according to the sale order Dkt. 192. The modified plan Dkt. 232 states that the sale closed on August 7, 2026.

Under the confirmed plan, general unsecured creditors receive pro rata liquidation trust interests, while equity interests are canceled without distribution. The plan’s liquidation analysis estimated a 41.2% recovery for general unsecured claims, subject to material revision, and the settlement provided for at least $175,000 in trust funding from the DIP lender. Those terms and estimates appear in the modified plan Dkt. 232.

The next scheduled court milestone is a December 3, 2026 hearing on final professional fee applications. The debtor’s counsel’s application Dkt. 252 sets November 20, 2026 as the objection deadline; its requested fees and expenses remain subject to court allowance.