My Job Matcher is now in liquidating-trust administration, with claims reconciliation and preservation of litigation options—not an operating-company turnaround—driving the remaining case activity. The court has extended the trustee’s deadline to object to claims through January 25, 2027 under the claims-objection extension orderDkt. 557 and the period to remove civil actions through August 4, 2026 under the removal-period extension orderDkt. 558. Because those matters were resolved by order, the June 30 omnibus hearing was cancelled through the notice of cancelled hearingDkt. 559.
The case began on July 6, 2025, when My Job Matcher and its affiliates commenced chapter 11 to pursue a section 363 sale of substantially all assets to a stalking-horse bidder affiliated with their prepetition lenders. The filing followed a contraction from approximately $100 million of revenue in 2022 to a projected $15 million in 2025, attributed to post-pandemic market realignment, acquisition-led overexpansion and integration failures, prior-management issues, unsuccessful capital-raising efforts and a default under the prepetition credit facility. By the petition date, the debtors reported approximately $42.2 million owed under their first-lien credit agreement, alongside venture debt, merchant-cash-advance obligations, unsecured notes and substantial trade debt; in May 2025, the secured agent had exercised stock-pledge rights to replace the board, and the lenders subsequently supplied bridge financing to maintain operations. Those circumstances and the lender-backed sale strategy are set out in the first-day declarationDkt. 13.
Liquidity and the sale timetable were tied together from the outset. The debtors sought a $9.9 million priming DIP facility, including approximately $6.0 million of new money and a roughly $3.9 million roll-up of bridge loans, to fund operations and the sale process under an asset purchase agreement with Job.com Acquisition Co., LLC; the proposed milestones called for a sale order within 85 days and closing within 90 days of the petition date, as described in the DIP financing motionDkt. 12. The court promptly authorized up to $2.0 million of interim borrowing, limited cash-collateral use, priming liens and superpriority claims through the interim DIP orderDkt. 43. The present docket posture indicates that the financing-and-sale phase has given way to trust administration, with the next substantive work centered on claim objections and potential litigation rather than a further operating restructuring.
