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Trajector Holdings and 21 affiliates, including Trajector Medical, filed Chapter 11 in the Middle District of Florida on July 23, according to the voluntary petition and a contemporaneous Claimraven report. The medical-evidence development and disability-advocacy business entered bankruptcy with approximately 458 personnel, $62.9 million outstanding under a Deutsche Bank senior secured facility due July 28, and roughly $2.45 million of trade payables.
The debtors reported $279.79 million of 2025 revenue but only $81.5 million during the first half of 2026, a 46% year-over-year decline. Their first-day declaration attributes the liquidity crisis to an inability to refinance the approaching Deutsche Bank maturity, founder litigation over management control, putative class actions challenging VA-accreditation and fee practices, and operating constraints across 23 states. The filing places near-term enterprise continuity behind cash-collateral access and first-day relief while creditors assess a business facing simultaneous refinancing, governance, litigation, and regulatory stress.
Trajector Holdings, LLC commenced Chapter 11 in the U.S. Bankruptcy Court for the Middle District of Florida’s Jacksonville Division under case No. 3:26-bk-03286. The Voluntary Petition identifies 21 affiliated debtors in the Chapter 11 cases, including Trajector Medical, Trajector Disability, Trajector Media Services, Benefits Insurance, Myler Disability, Globaltech BPO and Trajector, Inc.
The breadth of the filing makes this an enterprise restructuring rather than an isolated parent-company proceeding. Entity-level liability allocation, joint administration, first-day liquidity and continuity across the group’s medical, disability-benefits, insurance, media, technology and staffing operations are now the immediate issues to track.
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