Case filing & court posture: Charter School Capital, Inc., a Delaware-based specialized finance company providing charter school funding solutions, filed chapter 11 on June 8, 2025, in Delaware (Case No. 25-11016). Dkt. 1 The debtor cited corporate governance disputes and insider litigation, including a $3 million arbitration award to Orthogon entities, as precipitating factors. Dkt. 13 Chief Judge Craig T. Goldblatt presides.
Liquidity & financing path: The debtor secured a $5 million DIP facility at 12% PIK interest to fund the case. Dkt. 57 The court entered an interim DIP order on July 2, 2025, Dkt. 93 and a final DIP order on July 16, 2025. Dkt. 118
Restructuring outcome: The debtor pursued a 363 sale of substantially all assets to stalking horse bidder New GS, LLC for approximately $15.8 million. Dkt. 32 The court approved bidding procedures on July 2, 2025, Dkt. 91 and the sale closed on July 29, 2025. A liquidating plan was confirmed on November 26, 2025, with cramdown over rejecting equity classes. General unsecured claims of approximately $8.7 million received estimated recoveries of 75-96%, while preferred equity claims of approximately $55 million received no recovery.
Plan effective date & post-confirmation: The plan became effective on December 3, 2025. Dkt. 344 The reorganized entity continues as Old School, Inc. under a Plan Administrator to monetize remaining assets and pursue retained causes of action.
Current status: The case remains open in post-confirmation administration. As of the quarter ending December 31, 2025, the reorganized debtor continues to file quarterly reports. Dkt. 344
