Dish DBS, an EchoStar company, emerged from Chapter 11 after completing a restructuring that reduced its debt. The emergence marks the completion of the satellite television company’s bankruptcy process.
A roughly three-acre development site at 6603, 6617 and 6631 International Drive in Orlando is scheduled for an Oct. 21 bankruptcy auction as part of SLX – I Drive’s Chapter 11 case. The property, whose owner is tied to Del American Real Estate Group, is approved for a mixed-use development with 269 multifamily units and 14,000 square feet of retail space. Qualified bids are due Oct. 19, and any winning sale will require bankruptcy-court approval.
Saint Augustine’s University is reconsidering a proposed agreement with Avison Young-North Carolina to assist with the redevelopment or sale of university land during its Chapter 11 case. Self-Help Ventures Fund, which is providing emergency financing and holds the land as its primary collateral, and the bankruptcy administrator objected to the agreement as premature. The proposed engagement includes a $50,000 retainer and commissions of up to $7.5 million. The university said the agreement could be modified or withdrawn as discussions continue.
Leslie’s plans to close 87 stores as part of its Chapter 11 restructuring, expanding the previously announced reduction in its retail footprint. The pool and spa supplies retailer said it will continue evaluating its real estate portfolio during the bankruptcy process to better align its store base with the needs of the reorganized business.
Leslie’s filed Chapter 11 in the Southern District of Texas under a prearranged restructuring supported by more than 80% of its existing lenders. The plan would eliminate approximately $685 million, or about 90%, of funded debt and includes $90 million in new-money debtor-in-possession financing and $60 million in backstopped equity financing. Leslie’s is also seeking approval for a $225 million DIP asset-based facility from existing ABL lenders. The retailer will close 76 of its more than 900 stores and expects to emerge from bankruptcy in early 2027.
A New York bankruptcy judge allowed an $18.9 million damages claim against Tribeca Mews stemming from construction problems at a troubled Manhattan condominium project. The ruling adds a significant liability to the developer’s Chapter 11 case as it seeks to reorganize.
A bankruptcy court approved the auction of Oheka Castle, the 23-acre Long Island estate, hotel and event venue owned by developer Gary Melius, with bidding scheduled to conclude Oct. 27. The bankruptcy filing showed more than $63.5 million in debt, while Taconic Capital holds a $60 million defaulted mortgage and could use the debt to credit bid for the property. The Huntington property also includes town approvals for 95 luxury condominiums on five acres.
Brightline received court approval for an initial $190 million financing package in its parent companies’ Chapter 11 proceedings, providing liquidity while its Florida passenger rail operations continue. Additional bondholder groups also joined the proposed restructuring support agreement, bringing support for the exit plan to creditors holding approximately $4.6 billion of Brightline debt. The financing was approved over an objection from CK Opportunities Fund, which is separately pursuing litigation related to a 2022 stock transaction.
A Delaware bankruptcy judge removed the litigation trustee appointed under resort developer SilverRock Development’s confirmed Chapter 11 plan after creditors raised concerns about more than $2.2 million transferred from trust accounts in recent months. The ruling represents a significant post-confirmation development in SilverRock’s restructuring and the administration of funds for creditors.
A bankruptcy court approved 7 Brew’s $123 million purchase of at least 60 former Salad and Go drive-thru leases, approximately two months after the restaurant chain filed Chapter 11. The winning bid was about $18.5 million above an earlier agreement with Dutch Bros, which was designated as backup bidder. Reed Smith, which represented Salad and Go, said the transaction is expected to generate sufficient proceeds to pay unsecured creditors in full. The leases include locations in Arizona, Texas, Nevada and Oklahoma.
HouseCanary and five affiliates received interim authority to borrow up to $3 million as part of a proposed $15 million financing facility. The companies filed Chapter 11 on Sept. 22, the day a lender had scheduled a foreclosure sale of operating collateral. Of the interim borrowing, $2 million is conditional, while the remaining $12 million under the facility requires a final court order. HouseCanary is seeking to maintain operations while pursuing judgment on an approximately $175 million Texas jury verdict.
A U.S. bankruptcy court approved Spirit Airlines’ $668.1 million sale of its final 27 Airbus passenger aircraft as the carrier continues its liquidation. Save 2026-B LLC, controlled by holders of Spirit’s aircraft-backed notes, will acquire 23 aircraft for $567.4 million in a transaction involving a substantial credit bid, while an FTAI Aviation affiliate will pay $100.7 million in cash for four Airbus A321ceos. Spirit’s advisers contacted 137 potential buyers during the marketing process, with eight submitting bids. U.S. Bankruptcy Judge Sean H. Lane approved the transactions on Sept. 23.
A New Jersey bankruptcy judge dismissed the Chapter 11 case of a developer pursuing a 120-unit residential complex. The court found that the creditor seeking dismissal faced greater harm from continuation of the bankruptcy proceeding than the debtor would face from dismissal.
Brightline Trains Florida and certain parent entities are commencing prearranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey, with stakeholders agreeing to provide $490 million in new long-term capital. Brightline Florida, which operates passenger rail service between Miami and Orlando, reportedly had approximately $5.5 billion in debt and $131 million in cash before the restructuring. The company said its trains and other operations will continue as usual during the proceedings.
LIV Golf and affiliates filed Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey as the league seeks to restructure following the end of funding from Saudi Arabia’s Public Investment Fund. PIF agreed to provide approximately $50 million in debtor-in-possession financing, while LIV entered a restructuring agreement with BC Partners that contemplates players becoming majority owners of the reorganized business. Court filings list liabilities of up to $1 billion, with golfers including Jon Rahm, Bryson DeChambeau and Dustin Johnson among the largest unsecured creditors. LIV is also pursuing recognition of the U.S. proceedings in overseas jurisdictions covering affiliated entities.
Property data provider HouseCanary Inc. filed for Chapter 11 protection in New Jersey amid litigation with Rocket Mortgage affiliate Amrock. A Texas jury awarded HouseCanary $175 million in March over allegations involving a home-valuation model, an amount the company says could exceed $260 million with interest and other costs. The bankruptcy filing gives HouseCanary protection while the judgment dispute and collection efforts continue.
Summer camp operator SIMAD Holdings asked a New Jersey bankruptcy judge to disallow an approximately $18.7 million claim filed by Visions Federal Credit Union. SIMAD contends that the lien supporting the credit union's claim concerns property involved in a separate bankruptcy rather than SIMAD's Chapter 11 case.
HouseCanary filed for Chapter 11 protection in New Jersey on Sept. 22 to halt a planned foreclosure auction. The cases involve HouseCanary Inc. and House Canary New Jersey Inc., with Corbin Capital Partners and Rocket Mortgage among the parties identified in the proceedings. Dentons is serving as counsel.
Inspired Healthcare Capital asked the U.S. Bankruptcy Court for the Northern District of Texas to approve the sale of 30 assisted-living communities for approximately $713 million. The Chapter 11 debtor wants the court to approve the transactions while leaving disputes over allocation of the proceeds among creditors for later resolution. Inspired entered Chapter 11 in February and had obtained a $35 million DIP financing commitment to support operations during its restructuring and sale process.
Yardbird Group received interim Delaware bankruptcy-court approval to access $5.4 million in Chapter 11 financing while pursuing a sale of its restaurant operations. Yardbird and 10 affiliates filed Chapter 11 petitions on Sept. 21 in the District of Delaware; court filings show the debtors are seeking approval of bidding procedures and designation of a stalking-horse bidder for substantially all of their assets.
Asbestos claimants have asked the U.S. Supreme Court to review the Chapter 11 case of DBMP, a CertainTeed subsidiary, and consider whether companies can use divisional mergers followed by bankruptcy to separate mass-tort liabilities. DBMP filed for Chapter 11 in North Carolina in 2020 with roughly 60,000 asbestos claims.
Meritage Hospitality Group filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Michigan after more than a year of discussions with its lenders and franchisor. The company, which operates 314 restaurants across 15 states, said financial pressures affecting the Wendy’s system contributed to its financial position. Meritage is seeking DIP financing to support operations during the restructuring and plans to explore strategic alternatives to maximize stakeholder value.
Gordon Companies, the family-owned importer, wholesaler and retailer behind online holiday seller Christmas Central, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Western District of New York. The company said it plans to continue operating while it restructures its finances, and listed assets and liabilities of between $10 million and $50 million each, with an estimated 200 to 999 creditors.
Penn Brewery, a Pittsburgh brewery that filed for Chapter 11 bankruptcy protection in March, is being acquired by a new ownership group led by Priory Hospitality Group CEO John Graf and beer industry veteran Eric Heinauer. The filing listed liabilities between $1 million and $10 million, with First Commonwealth Bank identified as the largest creditor at about $5.1 million. The new owners said they plan to preserve Penn’s German brewing traditions while improving the brewery, restaurant and biergarten as the company continues its post-bankruptcy restructuring.
Wildlife adventure group The Dolphin Co. received approval to seek creditor votes on its Chapter 11 liquidation and wind-down plan in Delaware.
Hamilton Street Associates NJ, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. The debtor reported $10 million to $50 million in both assets and liabilities, and the filing states that no funds will be available for distribution to unsecured creditors after administrative expenses are paid.
88 Industrial Park Road Blvd, a single asset real estate company whose principal asset is an industrial property at 88 Industrial Park Road in Pennsville, NJ, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. The debtor reports $10 million to $50 million in both assets and liabilities, and the filing states there will be funds available for distribution to unsecured creditors.
Restore Pressure Washing, an exterior cleaning company based in Georgia, filed a Chapter 11 Subchapter V petition in the U.S. Bankruptcy Court for the Northern District of Georgia. Court filings list unsecured creditors including Fifth Third Bank, American Express, Capital One, Channel Partners, and US Bank, with claims tied to loaned funds and credit card debt.
LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey, disclosing estimated assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. The filing says several golfers hold unsecured claims, including Jon Rahm ($7.5 million), Bryson DeChambeau ($5.7 million), Dustin Johnson ($5.5 million), Cameron Smith ($4.8 million), Tyrrell Hatton ($3.4 million) and Brooks Koepka ($1.7 million). The Saudi Public Investment Fund had backed LIV Golf since 2022 but stepped away this year, and CEO Scott O'Neil said the Chapter 11 process is intended to support a restructuring rather than a dissolution.
Kitchen Consigliere Cafe filed a voluntary Chapter 11 petition on September 2 in U.S. Bankruptcy Court in New Jersey. The filing lists estimated assets between $0 and $50,000 and estimated liabilities between $100,001 and $500,000, with more than $386,000 in reported debts and 46 creditors, including the New Jersey Division of Taxation, which claims $102,000 in unpaid taxes. The restaurant's largest unsecured trade creditors include S & M Provisions, Inc., E. Frank Hopkins Co., Inc., Bierig Brothers, Inc., and Almand Brothers Concrete LLC. Counsel Daniel Reinganum said the restaurant remains open and is seeking court approval to continue accepting gift cards during the restructuring process.
TWD Real Estate Investment filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Georgia. The debtor reported $10 million to $50 million in both assets and liabilities, and the petition states that no funds will be available for distribution to unsecured creditors after administrative expenses are paid.
Nursing home operator Genesis Healthcare sought emergency approval of a settlement that would bring in $150 million, eliminate almost $431 million in claims and secure creditors' support for a plan to exit Chapter 11. The proposed deal is a notable restructuring development as it combines fresh funding with substantial claims reduction and creditor backing for Genesis' reorganization plan.
Tampa-based Generation Income Properties sold seven properties for more than $9 million, including six Dollar General stores for $6.246 million and a Chicago Fresenius property for $2.8 million, to pay off mortgage debt and reduce preferred equity owed to Loci Capital. About $4.04 million from the sales is expected to go toward the Loci Capital obligation, cutting it to approximately $4 million from about $20 million last year; ahead of the Dollar General sale, GIPR also recorded a $668,649 impairment tied to the reduced portfolio value.
A Miami-based developer is opposing New Orleans' effort to transfer his company's Chapter 11 proceeding from Florida to Louisiana, arguing in Florida bankruptcy court that the case should remain there. The dispute centers on venue in an ongoing corporate restructuring, a procedural development that could affect where the bankruptcy is administered.
Tribeca Development Group NYC, a real estate company that owns a three-unit residential property at 86-43 102nd Ave. in Ozone Park, NY, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. The debtor reports $500,000 to $1 million in assets and $10 million to $50 million in liabilities, and the filing states there will be funds available for distribution to unsecured creditors.
Brightline, the private passenger rail operator serving Florida, is preparing to file for Chapter 11 bankruptcy protection under a restructuring support agreement with bond insurer Assured Guaranty. Assured Guaranty has agreed to provide at least $350 million in debtor-in-possession financing to keep the railroad operating during the restructuring. The filing follows mounting pressure from roughly $5.5 billion in debt tied to rail expansion and other capital projects, with the insurer expected to hold priority over existing bondholders in the bankruptcy process.
A fast-cash funder sued the bankrupt brothers behind a summer camp business, alleging they guaranteed nearly $6.4 million of loans earlier this year before the Chapter 11 case.
An Anacostia office building is headed back to foreclosure auction after the property owner's Chapter 11 bankruptcy case was dismissed. The bankruptcy filing had halted a previously planned auction, and a second foreclosure notice was filed following the dismissal.
South Carolina-based No Bull Mattress & More, filed for Chapter 11 bankruptcy. Court records identify the company as a small business debtor proceeding under Subchapter V, a streamlined restructuring process for small businesses. The petition shows a significant gap between estimated assets and liabilities.
BFG Supply Co. filed for Chapter 11 after citing failed integration of debt-financed acquisitions, sales force turnover, customer attrition, an almost 8% revenue decline to $536.5 million in fiscal year 2026, and tighter vendor credit that reduced borrowing capacity. The debtor is seeking interim approval of an up-to-$55 million superpriority ABL DIP revolving facility from its prepetition lenders, agented by ACF FinCo I LP, including a rollup of $43.1 million in prepetition revolving loans, while pursuing a going-concern sale, an orderly liquidation, and a real estate disposition program in parallel. BFG also moved to approve bidding procedures for a sale of all or substantially all assets, with a sale targeted to close by Oct. 22, 2026.
Wells Fargo Bank, acting for the CMBS trust, filed foreclosure lawsuits in multiple states against Workspace Property Trust’s commercial real estate portfolio securing a $1.28 billion CMBS loan. The portfolio, originally backed by 146 office and industrial properties and now comprising 143 assets across Arizona, Florida, Minnesota and Pennsylvania, is valued at $1.24 billion, down from $1.63 billion at issuance, according to Morningstar Credit. The loan was transferred to special servicing in May 2023, had an unpaid principal balance of about $1.23 billion as of Sept. 29, and Trigild was appointed receiver for the portfolio after a September 2025 Arizona lawsuit, underscoring distress in a major specially serviced CRE financing.
West Marine emerged from Chapter 11 after completing a restructuring that reduced its debt by more than $265 million and added $10 million in exit financing. The retailer said unsecured creditors, including vendors, are expected to receive minimal recoveries, while the company continues operating through about 100 stores, its online platform and West Marine Pro. West Marine has closed or is closing 91 stores since the case began in May 2026.
BFG Supply and 16 affiliates filed chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware, listing not less than $299 million of term debt and approximately $1.9 million of cash on hand. The debtors are seeking an asset-based financing facility of up to $55 million from existing revolving lenders, with up to $22 million outstanding before a final order, while pursuing a going-concern sale, inventory liquidation and real estate program.
HSN LLC voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Maryland, prompting the cancellation of a scheduled receiver’s sale for the former Milan restaurant property in Little Italy. The vacant 12,000-square-foot building, estimated to be worth $2 million, had been set for auction before the filing stopped the sale.
Real estate company Simry is fighting a motion to dismiss its Chapter 11 case, alongside a dispute in which the ousted CEO of an aquatic park operator sought to block an asset sale. A bankruptcy judge postponed a decision on whether to dismiss Simry Realty Corp.'s Chapter 11 case, requesting additional evidence and supplemental briefing before ruling.
A Delaware bankruptcy court filing shows NRG Energy is evaluating a potential acquisition of West Virginia's Pleasants Power Station or an ownership stake after the coal plant entered Chapter 11 last month. In a motion to dismiss the case, owner Omnis Energy argued the bankruptcy is unwarranted because the plant has $13 million in cash and is projected to generate at least $466 million in revenue and $286 million in operating profit over the next four years.
Ice cream maker Rebel Creamery filed for Chapter 11 protection after rival Van Leeuwen won a $23.8 million judgment against the company.
Mexican petrochemical company Braskem Idesa filed for Chapter 11 bankruptcy protection in the U.S. after reaching agreements with creditors that will reduce its debt by more than $920 million. The company said it expects to emerge from the restructuring process within 60 to 90 days and that day-to-day operations will continue without interruption.
Hook Mill Estates LLC, the single asset real estate company behind the Hook Mill Estates residential development in East Hampton, NY, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. The debtor reported $10 million to $50 million in both assets and liabilities, and the filing states that no funds will be available for distribution to unsecured creditors after administrative expenses.
A New York bankruptcy judge dismissed the Chapter 11 cases of two commercial real estate law firms headed by Mark J. Nussbaum, finding that the bankruptcy petitions were filed in bad faith.
Utah-based Rebel Creamery filed for Chapter 11 bankruptcy Friday, less than a month after a federal judge in New York awarded Brooklyn-based Van Leeuwen nearly $24 million in profits following a packaging infringement dispute. Judge Eric Komitee, in the Eastern District of New York, found Rebel intentionally infringed and diluted Van Leeuwen’s product appearance, ordered the company to turn over $23.8 million in profits, stop selling the disputed products and redesign its packaging.
Pinnacle Group sold a $128 million residential and retail condominium portfolio across Queens, Brooklyn and Manhattan in 39 transactions involving nearly 750 residential units, dozens of retail condominiums and several parking lots. The sale is notable in light of Pinnacle’s May 2025 bankruptcy filing for a separate portfolio of roughly 5,000 rent-stabilized apartments across New York City after facing approximately $574.4 million in debt; that portfolio was later won at auction by Summit Properties for $451.3 million.
84-70 165th Street LLC, a single asset real estate company that owns and operates a mixed-use apartment building in Jamaica, NY, filed for Chapter 11 protection on Aug. 13 in the U.S. Bankruptcy Court for the Eastern District of New York. The debtor reported $10 million to $50 million in both assets and liabilities and indicated there will be funds available for distribution to unsecured creditors.
Tetrad Enterprises, a project development company focused on large-scale utility and infrastructure projects, filed for Chapter 11 bankruptcy protection in Puerto Rico for the second time since last year.
A Delaware bankruptcy judge ruled that the convicted co-founder and former CEO of NS8 Inc. owes at least about $68 million to the litigation trustee appointed in the cybersecurity company's bankruptcy.
The bankruptcy of David and Michael Shabsels’ real estate and summer camp businesses is shifting from asset sales to a creditor fight over recoveries, claim validity and payment priority in Chapter 11. The cases involve more than $230 million in merchant cash advance funding tied to the brothers’ network of 30 camps, alongside nearly $600 million in loans and $214 million in additional obligations, creating a complex restructuring and claims-resolution process.
QVC Group emerged from Chapter 11 bankruptcy protection after eliminating more than $5 billion in debt. The company also said CEO David Rawlinson is stepping down following the bankruptcy exit.
A New York federal judge invalidated exculpation provisions in former cryptocurrency lender Voyager Digital’s Chapter 11 liquidation plan, concluding that the Bankruptcy Code does not authorize broad liability protections that could limit future government enforcement actions against parties implementing the plan. The ruling narrows protections previously granted to the debtor, plan administrators, creditors’ committee, and restructuring professionals, marking a significant decision on the permissible scope of exculpation clauses in bankruptcy cases.
Salad and Go's parent company, And Go Concepts, filed for Chapter 11 bankruptcy in Texas, citing more than $500 million in liabilities after ongoing operational challenges were compounded by a nationwide Cyclospora outbreak that sharply reduced consumer demand for salads. The company plans to wind down operations and sell a substantial portion of its drive-through leases as part of the bankruptcy process.
Hughes Satellite Systems, a subsidiary of EchoStar, filed for Chapter 11 bankruptcy protection after being unable to repay approximately $1.5 billion in debt that matured in early August. The company intends to continue operating during the restructuring while addressing its debt obligations amid financial pressures and increasing competition in the satellite broadband market.