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.
Vanderbilt Minerals has filed for Chapter 11 bankruptcy to sell its assets to stalking horse bidder Commodore Materials for $50 million, driven by over $117 million in legacy talc-related litigation liabilities and recent adverse jury verdicts, supported by $15 million in DIP financing.
FLOAT Alaska has filed for Chapter 11 bankruptcy to liquidate its assets after ceasing all operations, following the collapse of its transpacific strategy due to Russian airspace closures, regional competitive pressures, and the subsequent failure of its domestic and charter pivots.
Spanish Broadcasting System Files Chapter 11 in District of Delaware
PsychPlus Files Chapter 11 in Southern District of Texas
YesCare Files Chapter 11 in Middle District of Florida
Integrated Proteins Files Chapter 11 in District of Kansas
Diamond Elite Luxury Townhomes Owner Files Chapter 11 in Southern District of New York
Rhinogram Files Chapter 11 in Eastern District of Tennessee
Metairie Towers Owner Files Chapter 11 in Eastern District of Louisiana
506 Franklin Road LLC Files Chapter 11 in Middle District of Tennessee
The Shoppes at Larson Farm Files Chapter 11 in District of Connecticut