Case filing & court posture: RunItOneTime LLC and affiliated debtors filed chapter 11 on July 14, 2025 in the U.S. Bankruptcy Court for the Southern District of Texas (Houston Division). Dkt. 1 Judge Alfredo R. Perez presides. Case number 25-90191 (jointly administered).
Liquidity & financing path: The debtors obtained interim DIP financing authorization on July 15, 2025 Dkt. 65, followed by a second interim order on August 6, 2025 Dkt. 110. The DIP facility provided $22.5 million ($7.5M new money plus roll-up) at SOFR + 12.50% from prepetition lenders, with Alter Domus as agent.
Restructuring outcome: The Court approved bidding procedures on August 28, 2025 Dkt. 178 for a comprehensive 363 asset sale process. Multiple sales were approved totaling over $120 million, including: PokerCo assets for $28 million to Maverick Gaming Dkt. 490, Z Casino for $25.5 million Dkt. 755, and four Washington properties via credit bid transactions Dkt. 801 Dkt. 802.
Plan development & current status: The debtors retain exclusive periods to file and solicit a chapter 11 plan, which have been extended multiple times. As of February 2026, the case remains pending with asset sales substantially completed and plan development ongoing. The debtors continue to operate remaining properties while formulating a consensual reorganization plan.