Creativemass Holdings, Inc.

Creativemass is now in post-confirmation wind-down closure: the Delaware Subchapter V cases were closed on April 8, 2026, with the plan administrator discharged except for ministerial tasks, Stretto terminated as claims and noticing agent, and the court retaining jurisdiction over plan and final-decree matters under the Final DecreeDkt. 129.

The case began as a controlled liquidation of dormant U.S. holding companies whose operating business had already collapsed offshore. Creativemass developed subscription-based wealth-management software through its Australian subsidiary, but the business expanded from roughly 30 employees to more than 220, failed to close a planned $70 million financing, and saw the Australian subsidiary enter voluntary administration in March 2023. By the April 14, 2025 petition date, the debtors reported no secured debt, about $2.1 million of unsecured noteholder, vendor, and credit-card debt, more than $2 million of cash from an Australian interim dividend, and potential disputes around a 2022 note-to-equity conversion; the Springer First Day Declaration [Dkt. 8] framed Chapter 11 as the forum for distributing Australian liquidation proceeds and resolving those wind-down issues after a failed Delaware ABC process.

The restructuring path was a prepackaged Subchapter V liquidating plan rather than a going-concern reorganization. The debtors’ amended plan substantively consolidated Creativemass Holdings and Creativemass Enterprises US for distribution purposes, proposed full cash payment of allowed unsecured noteholder and general unsecured claims, reserved funds for professional fees and remaining wind-down costs, and left residual value for equity after creditor recoveries; the plan also preserved a plan-administrator structure to manage distributions, causes of action, and estate closure through the .