Braskem Idesa, the Mexican petrochemical joint venture behind the Etileno XXI complex, filed for Chapter 11 after Pemex ethane shortfalls forced costly imported feedstock amid a prolonged downcycle, with an RSA backed by ~79% of secured debt to cut funded debt by over $920 million.
777 Partners, 600 Partners and affiliates filed for Chapter 11 after a two-year wind-down of their investment platform, amid lender fraud litigation, SEC and criminal proceedings, and an involuntary petition. The Debtors are seeking a $24.95 million DIP facility from existing lenders.
Hughes Satellite Systems, EchoStar's broadband and satellite services segment, filed Chapter 11 with $61.2M of cash against ~$1.5B of senior notes that matured prepetition, citing low-earth-orbit competition; noteholders intend to seek standing to pursue estate claims they value above $1.7B.
Vi-Jon filed for Chapter 11 after talc claims rose roughly 400% since 2023 and nominal projected liability reached $720 million, seeking to channel all talc claims to a 524(g) trust anchored by a $25 million affiliate contribution under a prepetition restructuring support agreement.
Alkegen, the Clearlake-backed specialty materials maker formed in Unifrax's debt-funded 2021 acquisition of Lydall, filed a prepackaged Chapter 11 to shed roughly $3.1B of its $3.5B of funded debt, with first lien creditors taking substantially all of the reorganized equity.
RNDC, until recently the second-largest U.S. beverage alcohol distributor, filed Chapter 11 after post-pandemic demand declines and supplier losses eroded liquidity. Having sold 11 markets to Reyes, it now seeks to sell the rest and confirm a plan built on a settlement with its founding families.
Magellan Aerospace, Middletown filed for Chapter 11 after legacy aircraft programs wound down with no replacements and decades-old environmental liabilities at former California sites triggered mounting cleanup orders and an adverse jury verdict, exploring a standalone restructuring or sale.
Poolin, once the world's largest Bitcoin mining pool, and affiliates filed for Chapter 11 after a 2022 liquidity crisis froze customer withdrawals and left ~$163.7M in wallet-holder IOUs; its West Texas mining sites, which never reached scale, are now being marketed for sale under a §363 process.
CashCall, a subprime consumer lender, filed Chapter 11 after two consumer-finance judgments totaling roughly $402.6M, seeking $4M of financing from an owner-controlled affiliate while evaluating a potential estate claim concerning a 2021 distribution to that same owner.
Alea Holdings US Company and affiliates, non-operating holdcos in Catalina Holdings' runoff platform, filed Chapter 11 after non-Debtor SPARTA was left holding legacy AEIC liabilities and a TruPS tender fell short, pursuing an RSA-backed plan and 363 sales of equity in two non-Debtor insurers.
Insight Works Files Chapter 11 in District of Wyoming
BFG Supply Files Chapter 11 in District of Delaware
Wound Management Specialists Files Chapter 11 in Southern District of Mississippi
Alessandro Plaza Owner Files Chapter 11 in Central District of California
Hook Mill Estates Files Chapter 11 in Eastern District of New York
Braskem Idesa Files Chapter 11 in Southern District of Texas
Alt Meds Files Chapter 11 in District of Colorado
109 Jerome Ave Files Chapter 11 in Southern District of New York
Advanced Diagnostics Affiliates File Chapter 11 in Southern District of Texas