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.
EchoStar’s broadband satellite unit, Hughes Satellite Systems, filed for bankruptcy, marking the third EchoStar subsidiary to enter bankruptcy this summer after Dish Wireless and Dish DBS filed in June. CEO Charlie Ergen said Hughes lacked sufficient funds to make a $1.5 billion debt payment and that discussions with bondholders failed to produce a workable solution.
Alkegen filed voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of Texas to implement a restructuring agreement that would reduce its debt by approximately $3.1 billion. The Irving, Texas-based specialty materials manufacturer said the deal is backed by holders of 99% of its first-lien debt and 80% of its second-lien debt, and includes $315 million in new DIP financing. Alkegen expects to emerge from Chapter 11 in about 60 days with approximately $200 million in available liquidity and a substantially improved balance sheet.
Cracker Barrel Old Country Store said it completed a sale-leaseback transaction covering 26 company-owned locations with an undisclosed institutional real estate investor, later identified through deeds as Dallas-based NETSTREIT. Two Northeast Florida properties appear to be included: the Orange Park store at 4272 Eldridge Loop sold for $3.2 million and the Jacksonville store at 4680 Lenoir Ave. sold for $3.1 million, for a combined $6.3 million. Cracker Barrel said the full 26-store transaction generated approximately $77 million in net proceeds, which it plans to use for debt reduction.
A Delaware bankruptcy judge conditionally approved the disclosure statement for Finch Therapeutics' Chapter 11 restructuring plan, allowing the company to begin soliciting creditor votes ahead of a combined disclosure statement and plan confirmation hearing. The proposed plan is part of the company's effort to sell its assets and complete its bankruptcy restructuring through the court-supervised process.
CashCall filed for Chapter 11 bankruptcy after two adverse court judgments totaling about $402 million, including approximately $245 million in the De la Torre class action and approximately $157 million in the CFPB tribal-lending enforcement action. The filing also cites roughly $45 million in additional pending litigation and about $5 million in trade debt and professional fees, while the company's subprime consumer lending business is dormant and remaining employees were terminated on June 30, 2026.
A company tied to the former Hudson Hotel in downtown Manhattan asked the Delaware bankruptcy court to again extend its exclusive period to file a Chapter 11 plan. The real estate-related debtor is seeking more time to control the restructuring process before other parties can propose a competing plan.
A New York bankruptcy judge approved the sale of 22 takeoff and landing slots at New York's LaGuardia Airport from Spirit Airlines to JetBlue for $58.5 million following a competitive auction conducted during Spirit's Chapter 11 proceedings. The sale represents significant monetization of Spirit's assets and is expected to help maximize value for creditors while expanding JetBlue's presence at one of the nation's most capacity-constrained airports.
CashCall Inc., a subprime consumer lender known for issuing high-interest loans, filed for Chapter 11 bankruptcy protection in New Jersey with more than $400 million in debt. The bankruptcy filing is expected to facilitate the restructuring of the company's financial obligations while addressing claims from creditors and other stakeholders
North Carolina-based energy efficiency aggregator American Efficient filed for Chapter 11 bankruptcy, listing estimated liabilities of between $1 billion and $10 billion on its petition. The filing comes three months after the company was hit with a $1 billion penalty.
Sleep Number won bankruptcy court approval in Manhattan to sell its assets to Sleep Country of Canada for $701 million in total value, following an auction that increased Sleep Country’s initial $415 million bid by about $286.8 million. The deal includes $529.5 million in cash plus the assumption of certain liabilities, including employee severance costs and contract obligations, and is expected to close on July 31.
Office Properties Income Trust emerged from Chapter 11 after reducing debt by $714 milliom, relieving near-term balance sheet pressure in a restructuring that canceled legacy equity and issued about 22 million common shares to new holders. The REIT also reinstated some secured debt and added higher-coupon notes, indicating financing risk remains despite the balance-sheet reset.
The U.S. Court of Appeals for the Third Circuit held that the City of Chester, Pennsylvania, may retain control of key revenue streams, including casino and other municipal revenues, despite creditors' claims that their liens survived the city's Chapter 9 bankruptcy filing. The ruling affirms the bankruptcy court's determination that the creditors' liens were cut off upon the bankruptcy filing, providing Chester with greater financial flexibility as it restructures its obligations.
Excell Communications got their Chapter 11 plan after the company's owner agreed to provide $1.3 million for unsecured creditors. Excell filed for Chapter 11 relief in April 2025 with $45.5 million in unsecured debt after losing a key business relationship with telecommunications group Altice USA, its primary client for which the debtor provided between $250 million to $300 million of fiber-optic construction services.
The Central Falls Detention Facility Corporation, the quasi-public entity that governs the Donald W. Wyatt Detention Facility in Rhode Island, filed for Chapter 11 protection in US Bankruptcy Court for the District of Rhode Island. The filing is aimed at reorganizing the prison’s finances and reducing more than $100 million in bond debt through a Chapter 11 plan. Court filings said day-to-day operations are expected to continue as normal post-petition, while the facility said the restructuring will also reset its relationship with the City and support continued operations.
Highpoint Associates VI, a Queens real estate company that owns a multi-family apartment building and commercial storefronts with residential units above, 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 assets and $12.8 million in liabilities, and the filing states there will be funds available for distribution to unsecured creditors.
U.S. bankruptcy filings rose nearly 12% year-over-year to 591,850 in the 12 months through March, according to the Administrative Office of the US Courts, increasing pressure on commercial real estate owners as retail and restaurant tenants use Chapter 11 to reject leases, seek rent reductions, or shed underperforming locations.
Silver Star CRE sold The Preserve at North Loop, a seven-building Class-B office campus in Houston totaling about 219,000 square feet, to an unidentified Atlanta-based investor while the company is in Chapter 11 bankruptcy proceedings. The sale is part of Silver Star real estate investment trust’s broader portfolio sell-off after its May Chapter 11 filing, when it reportedly had $75 million in liabilities and four loans in default, as it pivots from office assets to self-storage properties.
SiFi Networks America LLC won final approval from a Delaware bankruptcy judge to access $3.4 million in Chapter 11 financing from its prepetition lender, which is also serving as the stalking horse bidder in the case.
An EchoStar subsidiary is expected to file for bankruptcy as part of an effort to address billions in debt and halt legal action from creditors, according to the Wall Street Journal. The reported filing is tied to a broader restructuring effort taking place alongside EchoStar-related deals with SpaceX and AT&T.
West Marine, a Fort Lauderdale-based boating supply retailer, said it will close 59 stores nationwide after filing for Chapter 11 bankruptcy. The closures, including four stores in the region and eight in Florida overall, will reduce the company’s retail footprint by about 30% and are intended to free up funds as it restructures debt. Court filings show West Marine had about 200 stores, 2,600 employees and roughly $55 million in annual rent obligations tied to approximately 200 leases, with the company citing underperforming stores and long-term lease commitments as burdens it could not efficiently address outside Chapter 11.
Integris Equipment, a medical equipment distributor, filed for Chapter 11 bankruptcy. Court filings indicate the company is proceeding as a small business debtor under Subchapter V, which is intended to streamline and reduce the cost of the restructuring process. The company reported about $3.79 million in liabilities against approximately $1.38 million in assets, along with more than $1 million in unsecured claims from creditors.
St. Augustine's University, a historically Black university in North Carolina, is in Chapter 11 bankruptcy proceedings and is considering selling part of its 105-acre campus outside Downtown Raleigh. The university owes between $50 million and $100 million to creditors, while its real estate holdings are valued at $200 million and include properties in Raleigh and Greensboro, North Carolina, as well as Rome, Georgia, and Lawrenceville, Virginia. The main campus is encumbered by liens held by creditors, including the IRS.
North Star Health Alliance, a rural not-for-profit health system in northern New York, and three affiliated debtors filed a motion in the United States Bankruptcy Court for the Northern District of New York seeking approval for up to $60 million in debtor-in-possession financing from the Dormitory Authority of the State of New York. The proposed below-market, state-backed priming facility would refinance a $15 million state bridge loan and fund operations through the end of 2026 while the debtors negotiate a restructuring partnership under New York's Safety Net Transformation Program.
West Marine, a boating and marine supplies retailer, filed for Chapter 11 bankruptcy protection in the District of Delaware. The filing is supported by 96.2% of term loan lenders, 100% of FILO lenders, and 93.9% of equity holders, following missed debt covenants and restructuring negotiations. West Marine has entered into a Restructuring Support Agreement with its lenders and equity holders. The company will continue operating its 200 retail locations and online platforms during the bankruptcy process and has filed first-day motions to maintain employee wages and customer programs.
Spirit Airlines, which filed for Chapter 11 bankruptcy protection in August 2025, is preparing to shut down operations after last-minute talks for a U.S. government bailout failed. Negotiations between the U.S. Department of Commerce and Spirit’s major creditors, who had previously supported the airline, broke down, leading to the imminent closure. President Donald Trump stated that the government had given Spirit a final proposal but would only proceed if it was a "good deal."
A New Jersey bankruptcy judge granted interim approval for FreshRealm, a food kit and meal service supplier, to access $10 million in funds as part of a $45 million debtor-in-possession loan under Chapter 11. This financing will support FreshRealm's operations during its bankruptcy proceedings.
Broadband Infrastructure filed for Chapter 11 bankruptcy protection. The company reported estimated assets and liabilities between $1 million and $10 million and listed between 200 and 999 creditors. Broadband Infrastructure intends to continue normal operations during the restructuring process. Court filings indicate that funds will be available for distribution to unsecured creditors.
The Trump administration is close to finalizing a $500 million rescue deal for Spirit Airlines, which is currently in bankruptcy. The proposed agreement would provide Spirit with additional liquidity to help it emerge from bankruptcy, especially as it faces high fuel costs due to the war with Iran. If completed, the deal could result in the U.S. government owning up to 90% of Spirit Airlines after it exits bankruptcy.
American Health Associates Holdings, a clinical laboratory and diagnostic services provider based in Davie, Florida, filed for voluntary Chapter 11 bankruptcy protection after nearly 36 years in operation. The company faces over $4 million in unsecured claims. Twelve affiliated entities also filed separately, indicating a broader restructuring effort. Court filings show that funds are expected to be available for distribution to unsecured creditors.
RMG Erectors & Constructors of Montana, a Sewell, New Jersey-based construction company, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. The company, which provides non-residential construction services, listed over 100 creditors in its filing.