2U is operating under a confirmed and effective prepackaged Chapter 11 plan, following confirmation on September 9, 2024 and an effective date of September 13, 2024; the remaining identified near-term court event is a general/status hearing scheduled for September 15, 2026. The restructuring converted the company from a distressed public-company capital structure into a reorganized business with new equity and an exit debt package, rather than a sale or liquidation path. The court's confirmation orderDkt. 176 approved the second amended plan and its implementation transactions, including the issuance of new interests and post-emergence governance.