GoHealth, Inc. and seven affiliates filed a prepackaged Chapter 11 case in the District of Delaware on June 7, 2026 and are tracking a combined disclosure-statement and plan confirmation hearing on July 16, 2026 before Judge Thomas M. Horan, with objections due July 8 and reply briefs due July 13, according to the Confirmation Hearing NoticeDkt. 92.
The Chicago-based Medicare insurance marketplace (Nasdaq: GOCO) entered Chapter 11 carrying approximately $693.1 million of funded debt across two prepetition term-loan facilities administered by Blue Torch Finance, LLC — $117.4 million of super-priority term loans that prime the stack and $575.7 million of first-lien term loans — as laid out in the Kotte First Day DeclarationDkt. 4. Chief Executive Officer Vijay Kotte traces the filing to a failed 2022 expansion into a Non-Agency Business line, rising healthcare costs, and liquidity pressure intensified by a 2025 Department of Justice complaint alleging False Claims Act and Anti-Kickback Statute violations — strains that pushed GoHealth into a $117 million bridge financing in August 2025 before petition.
The Debtors arrive with a pre-negotiated restructuring supported by 100% of prepetition lenders, roughly 62% of Class A common stockholders, and 95% of GoHealth Holdings interest holders. The plan layers in $20 million of new-money term loans to fund a $10 million cash recovery pool for common stockholders, converts the super-priority and first-lien debt into second-out and third-out takeback term loans, and reinstates preferred stock and general unsecured claims, while amending the Tax Receivable Agreement to avoid an early-termination payment on change of control.
Postpetition liquidity is cash-collateral-only rather than new-money DIP: the court entered an interim order on June 10, 2026 authorizing limited use of cash collateral subject to a six-week budget, weekly variance reporting, and a $5.0 million minimum-liquidity covenant. Final hearings on the cash-collateral motion and the employee wage-and-benefits motion are scheduled for July 6, 2026, with objections due June 29, per the Cash Collateral Final Hearing NoticeDkt. 84, teeing up confirmation ten days later. An Ad Hoc Revolver Group has filed a Rule 2019 StatementDkt. 86 disclosing holdings under both prepetition credit agreements and reserving all rights.
