Case filing & court posture: Norcold LLC filed a voluntary chapter 11 petition in the District of Delaware on November 3, 2025 (Case No. 25-11933-TMH), with Judge Tao Huang presiding. Dkt. 1 The debtor, a manufacturer of RV refrigeration products, faced mounting product liability exposure and technology-driven demand shifts in the RV market.
Liquidity & financing path: The debtors obtained a $13 million debtor-in-possession financing facility from Dave Carter & Associates, Inc. at 10% per annum interest. Dkt. 10 An interim order was entered on November 4, 2025 Dkt. 41 with a final order approved on December 16, 2025. Dkt. 137
Restructuring outcome: The case follows a 363 asset sale and chapter 11 plan of liquidation structure. Dave Carter & Associates, Inc. (the DIP lender) served as the stalking horse bidder. Dkt. 20 A sale order approving the disposition of substantially all assets to Dave Carter & Associates was approved on February 4, 2026. Dkt. 245
Plan confirmation & liquidating trust: The Amended and Restated Plan of Liquidation was approved for disclosure on January 14, 2026 with a confirmation hearing scheduled for February 19, 2026. The plan establishes a liquidating trust to oversee asset distributions and administer remaining claims.
Current status: As of February 11, 2026, the case awaits confirmation of the plan at the February 19 hearing, with sale closing expected within the DIP maturity window (120 days post-petition).
