Case filing & court posture: PrimaLend Capital Partners, LP and two affiliates (Good Floor Loans LLC, LNCMJ Management LLC) filed chapter 11 on October 21, 2025 in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division (Case No. 25-90013). Dkt. 1 Judge Mark X. Mullin presides over the jointly administered cases.
Liquidity & financing path: CIBC Bank USA provided a $28 million DIP facility ($7 million new money plus $21 million roll-up at a 3:1 ratio). Dkt. 30 The court approved an amended interim order on November 3, 2025 Dkt. 99 and a second interim order on November 25, 2025. Dkt. 141
Restructuring outcome: The debtors proposed a liquidating plan featuring credit bid sales of loan portfolios to CIBC and establishment of a Liquidating Trust for remaining assets and litigation. Dkt. 169 An amended plan was filed on January 5, 2026.
Current status: A combined confirmation hearing is scheduled for February 20, 2026 at 9:30 AM to consider approval of the disclosure statement and confirmation of the plan. Dkt. 380 The case remains active with pending objections to plan confirmation.