Spanish Broadcasting System filed for Chapter 11 after $310 million of senior secured notes matured unpaid, with a prepackaged plan that proposes to delever its balance sheet by exchanging the outstanding notes for $70 million in new secured notes and substantially all of the reorganized equity.
FreshRealm filed Chapter 11 to implement a Blue Apron 9019 settlement and Misfits §363 transition, after Listeria-linked recalls, Walmart's January 2026 exit, and Blue Apron's disputed termination of the 10-year exclusive PFA left it without sufficient liquidity to pursue an out-of-court resolution.
QVC Group filed Chapter 11 to deleverage a capital structure tied to declining linear-TV cash flows, after cord-cutting, tariffs, covenant breach, and looming RCF maturity drove a prepack canceling $6.5B of prepetition debt amid preferred-equity litigation over a $400M intercompany settlement.
Ascend Elements has filed for Chapter 11 bankruptcy amid a construction dispute at its flagship Kentucky plant, federal grant cancellations, and a lithium price collapse, pursuing an expedited 363 sale of substantially all assets.
BlockFills has filed for Chapter 11 bankruptcy to pursue a customer-led reorganization after a liquidity crisis triggered by the February 2026 crypto market crash, compounding counterparty losses, a failed mining venture, and lawsuits alleging misappropriation of customer assets.
Cumulus Media filed for a prepackaged Chapter 11 to deleverage its balance sheet by $592 million, driven by advertising declines from digital competition, macroeconomic pressures, and a network tying dispute with Nielsen over access to ratings data, supported by an RSA with 72% of 2029 debt holders.
RAD Diversified REIT filed Chapter 11 following an SEC order declaring its offering statement abandoned, an ongoing Florida Attorney General investigation characterizing the enterprise as a potential Ponzi scheme, and mounting foreclosures across its portfolio of over 300 properties and vacant lots.
Hawthorne Race Course filed for Chapter 11 amid a liquidity crisis driven by a Churchill Downs judgment, frozen operating accounts at its senior lender, terminated simulcast agreements, and a suspended harness racing license, pursuing a Section 363 sale backed by $16 million in DIP financing.
IPIC Theaters has filed for Chapter 11 bankruptcy under subchapter V, its second restructuring since its predecessor’s 2019 filing, as the company grapples with persistently depressed box office revenue, a reduced slate of theatrical releases, and intensifying competition from streaming platforms.
Axip Energy Services filed for Chapter 11 bankruptcy to pursue a Section 363 sale to stalking horse bidder Service Compression after customer disruptions and covenant defaults led to a failed refinancing and liquidity crisis, supported by $25.5 million in new‑money DIP financing.
Facilai LLC Files Chapter 11 in Northern District of California
UMZU Files Chapter 11 in Central District of California
Broadway Ford Truck Sales Files Chapter 11 in Eastern District of Missouri
Tai Cheung Realty Files Chapter 11 in Eastern District of New York
Bitcoin Depot Files Chapter 11 in Southern District of Texas
West Marine Files Chapter 11 in District of Delaware
Lena Brands Files Chapter 11 in District of Delaware
American Tool & Mold Files Chapter 11 in Middle District of Florida
Simpson Tacoma Kraft Company Files Chapter 11 in Western District of Washington