Incora is a post-confirmation case in wind-down and plan-administration mode: the plan was confirmed on January 6, 2025, became effective on January 31, 2025, and the reorganized debtors are still reporting distributions and claims reconciliation rather than seeking a final decree, as reflected in the latest Post-Confirmation Report for the quarter ended March 31, 2026Dkt. 3008.
The case began on June 1, 2023, when Wesco Aircraft Holdings and affiliated debtors filed chapter 11 after pandemic-driven aerospace disruption, supply-chain arrears, margin pressure under fixed-price contracts, and the April 2023 loss of a receivables factoring facility that reduced liquidity by $43 million. The first-day record described a global aerospace, defense, and industrial supply-chain platform with more than 60 stocking locations, roughly 3,750 employees, and more than 8,400 customers, entering court with about $3.144 billion of debt and a capital structure that included ABL obligations, multiple secured and unsecured note tranches, and structurally subordinated PIK notes; the debtors also lined up $300 million of DIP financing from 2026 first-lien noteholders to support operations during the restructuring Carney First Day DeclarationDkt. 13.
The restructuring path moved from stabilization toward a plan process, with the debtors filing a disclosure statement in November 2023 for a joint chapter 11 plan addressing the prepetition note and ABL structure Disclosure StatementDkt. 963. By March 31, 2026, post-confirmation reporting showed $518.1 million of cumulative cash disbursements since the effective date, $521.8 million of total transferred value, no current-quarter payments of pre-confirmation professional fees, and continuing distributions on administrative, secured, priority, and general unsecured claims; the reorganized debtors reported that they could not yet estimate when they would seek a final decree for the remaining debtor .
