Hughes Satellite Systems, EchoStar's broadband and satellite services segment, filed Chapter 11 with $61.2M of cash against ~$1.5B of senior notes that matured prepetition, citing low-earth-orbit competition; noteholders intend to seek standing to pursue estate claims they value above $1.7B.
Vi-Jon filed for Chapter 11 after talc claims rose roughly 400% since 2023 and nominal projected liability reached $720 million, seeking to channel all talc claims to a 524(g) trust anchored by a $25 million affiliate contribution under a prepetition restructuring support agreement.
Alkegen, the Clearlake-backed specialty materials maker formed in Unifrax's debt-funded 2021 acquisition of Lydall, filed a prepackaged Chapter 11 to shed roughly $3.1B of its $3.5B of funded debt, with first lien creditors taking substantially all of the reorganized equity.
RNDC, until recently the second-largest U.S. beverage alcohol distributor, filed Chapter 11 after post-pandemic demand declines and supplier losses eroded liquidity. Having sold 11 markets to Reyes, it now seeks to sell the rest and confirm a plan built on a settlement with its founding families.
Magellan Aerospace, Middletown filed for Chapter 11 after legacy aircraft programs wound down with no replacements and decades-old environmental liabilities at former California sites triggered mounting cleanup orders and an adverse jury verdict, exploring a standalone restructuring or sale.
Poolin, once the world's largest Bitcoin mining pool, and affiliates filed for Chapter 11 after a 2022 liquidity crisis froze customer withdrawals and left ~$163.7M in wallet-holder IOUs; its West Texas mining sites, which never reached scale, are now being marketed for sale under a §363 process.
CashCall, a subprime consumer lender, filed Chapter 11 after two consumer-finance judgments totaling roughly $402.6M, seeking $4M of financing from an owner-controlled affiliate while evaluating a potential estate claim concerning a 2021 distribution to that same owner.
Alea Holdings US Company and affiliates, non-operating holdcos in Catalina Holdings' runoff platform, filed Chapter 11 after non-Debtor SPARTA was left holding legacy AEIC liabilities and a TruPS tender fell short, pursuing an RSA-backed plan and 363 sales of equity in two non-Debtor insurers.
Pacifica Hospital of the Valley, a Los Angeles safety-net hospital, filed for Chapter 11 to halt a creditor's contested loan-to-own bid for control and a pending receivership, after a liquidity crisis, pandemic costs, seismic-retrofit fines, and delayed government payments eroded operations.
DISH DBS and DISH Wireless, EchoStar subsidiaries, filed dual-track Chapter 11 cases to reorganize the declining DISH/Sling pay-TV business and wind down DISH Wireless via a §363 sale, after the FCC pressed EchoStar to sell the spectrum licenses needed for the 5G network or face license forfeiture.
Verandas 5455 Files Chapter 11 in Southern District of Texas
Employee Force Provider Files Chapter 11 in Central District of California
Hughes Files Chapter 11 in Southern District of Texas
Vi-Jon Files Chapter 11 in District of Delaware
Krasnoff Domestic Growth Fund Files Chapter 11 in District of New Jersey
Uniroyal Files Chapter 11 in District of New Jersey
Nobel St. Ives Files Chapter 11 in Central District of California
Residential Properties Resources Fund II Files Chapter 11 in Eastern District of Wisconsin
YSA Investments 1 Files Chapter 11 in District of Delaware