Case filing & court posture: AFH Air Pros, LLC and its debtor affiliates filed for Chapter 11 protection on March 16, 2025 in the Northern District of Georgia (Case No. 25-10356). Dkt. 1 Judge Paul M. Baisier presides over the jointly-administered cases.
Liquidity & financing path: The Debtors obtained a $20 million DIP facility from AG Acquisition 1 LLC, consisting of $10 million in new money and a $10 million roll-up of prepetition debt. Dkt. 17 The Court entered an interim DIP order on March 18, 2025. Dkt. 32
Restructuring outcome: The Debtors pursued a liquidation strategy through six separate section 363 asset sales, with bidding procedures approved on April 14, 2025. Dkt. 193 The sales generated aggregate proceeds of approximately $155.9 million.
Plan confirmation & effective date: The Court confirmed the Second Amended Chapter 11 Plan of Liquidation on September 4, 2025. Dkt. 691 The Plan became effective on October 10, 2025.
Current status: The Court entered a final decree closing certain of the Chapter 11 cases on November 24, 2025. The case is now in wind-down with limited administrative activity remaining.