Case filing & court posture: Plenty Unlimited Texas LLC and affiliated debtors filed chapter 11 on March 23, 2025 in the Southern District of Texas. Dkt. 1 Judge Christopher M. Lopez presides over case no. 25-90105 (jointly administered).
Liquidity & financing path: The debtors obtained a $22.225 million DIP facility to fund operations and the restructuring process. Dkt. 67 Interim DIP order entered March 25, 2025; Dkt. 239 final DIP order approved April 23, 2025.
Restructuring outcome: The debtors pursued a plan-based reorganization with a stalking horse bid and rights offering structure. Dkt. 26 Plan filed March 23, 2025; Dkt. 368 confirmation order entered May 15, 2025.
Plan effective date & post-confirmation: The plan became effective on May 29, 2025, establishing a liquidation trust to administer remaining assets and claims. The trust now manages post-confirmation activities including claims administration and asset monetization.
Current status: The case remains open in post-confirmation administration. The liquidation trust is actively prosecuting claims objections and winding down the estates under the confirmed plan.