Trinseo filed a prepackaged Chapter 11 to cut approximately $2 billion of debt, driven by a chemical-sector downturn, Asia-Pacific overcapacity, and liquidity strain following a leveraged expansion into PMMA, supported by an RSA with holders of 78% of funded debt and a parallel Irish examinership.
Bitcoin Depot filed for Chapter 11 as escalating state regulatory actions, compliance-driven revenue deterioration, and significant legal exposure left the largest Bitcoin ATM operator in North America with no viable path forward.
West Marine filed for Chapter 11 with a dual-track plan to equitize $251.2 million in Term Loan Claims into 100% of new equity while paying ABL and FILO lenders in full, following post-pandemic demand decline, macroeconomic headwinds, and an overexpanded store footprint.
YesCare filed for Chapter 11 after a Jackson verdict exceeding $307 million and related contract losses representing nearly 80% of annual revenue, amid a trustee suit alleging breaches of the $50 million Tehum settlement and asserting claims tied to the 2022 “Texas Two-Step” divisional merger.
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.
GoldenPeaks Capital Affiliates File Chapter 11 in Southern District of Texas
Alura Senior Living Files Chapter 11 in Middle District of Florida
Silver Star Properties REIT Files Chapter 11 in Northern District of Texas
Y&J Michele Way Files Chapter 11 in Northern District of California
Aben Gremal LLC Files Chapter 11 in Northern District of Texas
Sandy Lane Holdings Files Chapter 11 in Central District of California
JFY Properties Files Chapter 11 in District of Maryland
Trinseo Files Chapter 11 in Southern District of Texas
Pacific Stay Hotel Files Chapter 11 in Central District of California