Enjoy Technology is in post-confirmation liquidation, with Alan D. Halperin continuing to administer the Legacy EJY wind-down estates and no final decree yet entered as of the quarter ended March 31, 2026. The case began on June 30, 2022, when Enjoy Technology, Inc. and affiliates filed chapter 11 in Delaware after a liquidity collapse left the business with only about $523,000 of cash, a failed out-of-court transaction, and an urgent need to preserve value through a court-supervised sale process, as described in the Boken first-day declarationDkt. 4.
Enjoy entered bankruptcy as a mobile retail and in-home commerce platform with operations tied to major telecom and technology partners, including AT&T, British Telecom, Rogers, and Apple. Its capital structure was comparatively narrow but strained: the debtors reported a $2.5 million secured bridge obligation to Asurion, a $10 million insider promissory note that had been converted to unsecured status immediately before the filing, and about $11 million of trade debt. The restructuring path was shaped by Asurion’s role as both prepetition secured lender and stalking-horse buyer, with the first-day record describing a proposed $55 million DIP facility, including new-money liquidity and a roll-up of the bridge loan, to support operations and the sale process after an earlier going-concern transaction fell through.
The case ultimately moved from sale-driven chapter 11 into a confirmed liquidation. The debtors filed an amended combined disclosure statement and chapter 11 plan of liquidation in December 2022, organizing the wind-down around six plan classes and the disposition of remaining estate value through a plan administrator rather than a reorganized operating company, as reflected in the . The court confirmed that liquidation plan on December 14, 2022, through the , and the later post-confirmation reports state that the plan became effective on December 15, 2022.
The current posture is therefore administrative: the estates are no longer pursuing an operating turnaround, and the main remaining work is post-confirmation reporting, distributions, unclaimed distribution reversions, and eventual case closure. The most active estate reporting appears at Legacy EJY Subsidiary LLC, where the March 31, 2026 report shows $198,777 of current-quarter cash disbursements, $39.1 million of cumulative disbursements since the effective date, and 100% payments on currently allowed administrative, secured, priority, and general unsecured claims, with no final decree date set in the subsidiary post-confirmation reportDkt. 1092. The parent and operating-company reports show no current-quarter distributions and likewise state that a final decree has not been entered, leaving the case in a late-stage wind-down rather than a live restructuring contest.