Case filing & court posture: Vision2Systems LLC filed chapter 11 on February 19, 2025 in the Northern District of Texas (Dkt. 1), case number 25-40583. Judge Bryan Dozier presides. The debtor, a ministry stewardship software company providing online giving and payment processing to approximately 325 churches, ceased operations in October 2024 after a margin account over-settlement problem accumulated for nearly a decade was exposed following a payment processor transition in late 2023.
Debtor's condition & claims: The debtor's liabilities included approximately $3.9 million in secured debt owed to CGC Royalty Investments (Dkt. 40) and an estimated $6.1 million in general unsecured claims from affected churches. With no employees, minimal cash on hand, and no DIP financing, the debtor pursued a liquidating plan.
Restructuring outcome: The debtor filed a Chapter 11 Plan of Liquidation (Dkt. 158), which was amended twice (Dkt. 142, 158). The plan was confirmed on January 23, 2026. (Dkt. 182)
Plan & distributions: The plan is a liquidating plan providing for wind-down and dissolution of the debtor. General unsecured creditors are designated as Class 3 and will receive pro rata distributions from a distribution pool funded in part by a $180,000 settlement contribution from the debtor's principals.
Current status: Following confirmation on January 23, 2026, the plan is in post-confirmation implementation. The case remains open pending plan administration and creditor distributions.