Peer Street is in post-confirmation administration, with the Plan Administrator still reconciling claims, liquidating remaining assets, and seeking to extend the claims-objection runway to November 18, 2026. The debtor entered chapter 11 on June 26, 2023, after its real estate debt marketplace model left it with a large and complex balance sheet that included investor-facing payment-dependent obligations, warehouse debt, secured term debt, and other prepetition facilities totaling roughly $347 million; the first-day declaration described the capital structure, including approximately $205 million of Unsecured Mortgage Payment Dependent Notes, $41.4 million of Redeemable Warehouse Notes, $27.2 million of Magnetar term loans, and other secured and unsecured obligations First Day DeclarationDkt. 3. The voluntary petition opened the Delaware chapter 11 case for Peer Street, Inc. and related restructuring relief Chapter 11 Voluntary PetitionDkt. 1.
The case has moved from operating restructuring into wind-down execution. By May 2026, the Plan Administrator reported that the confirmed plan had gone effective on May 31, 2024, that approximately 3,370 proofs of claim and 14,000 scheduled claims appeared on the claims register, and that she had filed 21 omnibus objections covering about 1,500 investment claims representing $113 million in filed claims. The same motion reported approximately $152 million of distributions to date, including $105 million in July 2024 and $47 million in October 2025, while leaving remaining work around non-investment claims, further claims objections, disputed scheduled liabilities, and continued asset liquidation .
The live posture is therefore narrower but still active: estate administration is centered on claims reconciliation, final distribution mechanics, and discrete disputes. A May 20, 2026 status conference focused on Tieron McKinnon’s mortgage-loan accounting dispute; the Court denied default relief, directed the Plan Administrator to provide a substantive point-by-point response, limited the dispute to any amounts owed by the estate rather than undoing a Maryland foreclosure, and contemplated an evidentiary hearing to resolve the accounting issues May 20 Status Conference RecordDkt. 1821. The next clear deadline is June 4, 2026, for objections to the Plan Administrator’s requested extension of the claims objection deadline, with the proposed extended deadline running through November 18, 2026 Claims Objection Deadline Extension MotionDkt. 1822.
