TPx Communications filed for Chapter 11 unable to service roughly $1.1B in debt, pursuing an RSA-backed dual-track restructuring — a Section 363 sale or a lender- and sponsor-led reorganization that would leave the managed IT services provider with about $129M of funded debt and preferred equity.
DAMIS Holdings, the real-estate arm of the Shabsels brothers' enterprise, filed a free-fall Chapter 11 with 89 affiliates amid its BVI parent's bond default, acute liquidity distress, and MCA lenders sweeping accounts.
Sangamo Therapeutics filed for Chapter 11 after losing its major collaboration revenues and exhausting its liquidity, pursuing a court-supervised sale with stalking-horse bids from Lilly for its core platforms and Astellas for its Fabry program.
Hallmark Financial filed Chapter 11 to sell its business or swap controlling creditor Hildene's debt for equity, after reserve failures, a lost reinsurance arbitration, and a ratings collapse gutted its equity—tripping a senior-note covenant Hildene wouldn't waive, foreclosing an out-of-court fix.
Searles Valley Minerals filed Chapter 11 to pursue a §363 going-concern sale of its business — anchored by its Trona, CA mining complex — after 2019 Ridgecrest earthquake damage, soda ash oversupply and price collapse, and mounting losses left it no viable out-of-court path.
SIMAD Holdings filed Chapter 11 to pursue an expedited financing or sale of its 30-camp portfolio, after missing a May 31 interest payment on $214M in Tel Aviv bonds following a ~$34M owner transfer under investigation and facing cash seizure by merchant cash advance lenders.
Sleep Number filed Chapter 11 to sell its assets to Fairfax-owned Sleep Country Canada for $415M through a lender-backed Section 363 process, after a multi-year mattress recession and a pandemic-era balance sheet left the smart-bed maker with roughly $672.5M of funded debt it could no longer carry.
GoHealth filed a prepackaged Chapter 11, backed by its first-lien lenders, to restructure its funded debt and transfer ownership to them ahead of the 2026 enrollment season, after a post-IPO debt load, a sharp Non-Agency contraction, and a DOJ kickback suit drove a liquidity crisis.
Simply Interior Homes filed for Chapter 11 to pursue a dual-track going-concern sale and liquidation after an undercapitalized carve-out, affiliate Live Comfortably's alleged failure to remit collected customer cash, and sponsor Centre Lane's refusal to provide capital support.
SiFi Networks America filed for Chapter 11 after its UK parent cut funding and moved to appoint administrators amid a ~$17.5M Generate arbitration award it cannot satisfy, pursuing a fast-track §363 sale of its asset-light FiberCity project-management arm via an insider credit bid from ArcLink.
Zyyah Files Chapter 11 in Northern District of Texas
AvantGarde Senior Living Files Chapter 11 in Central District of California - San Fernando
TPx Communications Files Chapter 11 in Southern District of Texas
Portero Commercial Files Chapter 11 in Central District of California
Presidential Mountain Resort Owner Files Chapter 11 in Eastern District of New York
Romanov Group Files Chapter 11 in Central District of California
Camp Mystic Files Chapter 11 in Southern District of Texas
Sangamo Therapeutics Files Chapter 11 in District of Delaware
Asator Global Technologies Files Chapter 11 in District of Arizona