SunPower Corporation

SunPower’s liquidating plan is effective, and the lead case is administering remaining claims. The November 3, 2026 hearing agenda Dkt. 2058 identifies contested objections to three California tax claims; their resolution is a material step in the wind-down, although the agenda does not report an outcome.

SunPower Corporation’s liquidating plan became effective on November 14, 2024, after confirmation on October 18, 2024, as recorded in the effective-date notice Dkt. 1058. The plan provides for a Plan Administrator to wind down the debtors and a creditor trust to manage and distribute assets under a specified waterfall. In February 2025, the court closed nine affiliate cases and directed remaining claims administration to the SunPower Corporation lead case through its final decree Dkt. 1350.

SunPower, a residential solar and storage provider, filed Chapter 11 on August 5, 2024, after liquidity constraints, financial reporting problems and difficulty obtaining financing. Its first-day declaration Dkt. 9 reported approximately $483 million in debtor funded debt and described a $45 million stalking-horse bid by Complete Solaria for Blue Raven, New Homes and part of the dealer network. The debtors pursued asset sales and a liquidation; the amended plan Dkt. 784 set out the wind-down and distribution framework.

Claims resolution remains central to the case. The Plan Administrator’s November 3, 2026 agenda Dkt. 2058 identified contested objections to California Department of Tax and Fee Administration claims 621, 622 and 20008 for a November 4 hearing. A declaration from the administrator’s tax expert Dkt. 2044 argues that the Corporation and Systems assessments materially overstate the tax owed. The agenda does not report the outcome of the hearing.