Getty Images filed for Chapter 11 citing warrant-litigation judgments, costs of a terminated Shutterstock merger and heavy debt service, entering with an RSA and prepackaged plan under which its largest shareholders, the Getty family and Koch, invest up to $533 million and take the company private.
Character.AI filed for Chapter 11 amid child-safety litigation, multistate regulatory scrutiny and persistent cash burn, pursuing a 363 process anchored by Disney's $20 million stalking horse bid for a non-exclusive license to its AI technology after most of its workforce joined Disney.
True Food Kitchen filed for Chapter 11, closing 12 of its 46 restaurants, citing strategic missteps, frequent management turnover and declining sales. A $20 million DIP from an affiliate of equity holder HumanCo funds a sale or recapitalization process.
American Hospitality Properties REIT filed for Chapter 11 without DIP financing amid SEC consent judgments against its former CEO and its sponsor, Marriott franchise defaults, ground lease litigation and shareholder suits. It warns that failing to obtain financing may force conversion to Chapter 7.
Pool and spa retailer Leslie's filed Chapter 11 after adjusted EBITDA fell from $292M to $61M in three years, leaving its $757M term loan unsustainable. The plan cuts over $685M of debt and hands the company to the term lenders who will fund a $90M DIP and a $60M equity infusion at emergence.
Brightline's holding companies filed Chapter 11, keeping the Miami–Orlando railroad out of court. An RSA with Assured and mutual funds would fund it and leave muni principal intact; the main Parent Notes group isn't a party. The Debtors cite heavy leverage and below-forecast ridership and fares.
AirBaltic, Latvia's majority state-owned airline, filed for Chapter 11 after engine shortages grounded aircraft, lost Russian and Ukrainian routes cut revenue and a 2026 jet fuel spike drained liquidity; it plans to return about 20 surplus aircraft and reprofile its remaining leases.
PGR Lessee I and 18 affiliates filed for Chapter 11 after a New York court ordered nine of the debtors to post $30.2 million of collateral under a surety indemnity agreement they say was signed without authority, and will pursue a restructuring that may include a sale of their 17 solar projects.
LIV Golf filed for Chapter 11 after PIF ended equity funding for the loss-making league, entering with an RSA for a $300 million BC Partners-anchored investment in a restructured "LIV 2.0," with the cases funded by a $49.6 million PIF DIP facility and an orderly wind-down as the alternative.
Noble Supply & Logistics, a longtime U.S. government supply and logistics contractor, filed for Chapter 11 after DLA contract non-renewals, a capital-intensive ramp-up and a government shutdown drained liquidity, pursuing a dual-track going-concern sale or orderly wind-down.
Getty Images Files Chapter 11 in District of Delaware
RiverStreet Files Chapter 11 in Eastern District of Virginia
Ignit Sports & Fitness Files Chapter 11 in Southern District of Iowa
Cumberland Coal Files Chapter 11 in Western District of Virginia
NVA Files Chapter 11 in Central District of California
Maya Cinemas Affiliate Files Chapter 11 in Central District of California
Museion Napa Files Chapter 11 in Southern District of Texas
The Yanko Group Files Chapter 11 in Eastern District of New York
P. & G. Steel Products Co. Files Chapter 11 in Western District of New York