Burger King franchisee Consolidated Burger Holdings has filed for Chapter 11 bankruptcy amid operating losses and a costly dispute with the franchisor over remodels, aiming for a court-supervised sale of its 57 locations backed by $1.6 million in DIP financing.
Royal Paper has filed for Chapter 11 bankruptcy following operational disruptions, supply chain challenges, and a looming debt maturity, supported by a $10 million DIP facility and a $126 million stalking horse bid from Sofidel America.
Publishers Clearing House has filed for Chapter 11 bankruptcy amid mounting legal settlements, rising operational costs, and a stalled digital transition, supported by $5.5 million in DIP financing to maintain operations and explore a going-concern sale.
Hooters has filed for Chapter 11 bankruptcy, citing inflation-driven margin pressures, shifting consumer preferences, and unsustainable debt obligations, aiming to restructure through a pre-negotiated plan involving the sale of certain company-owned stores.
Plenty has filed for Chapter 11 bankruptcy to address mounting losses, unpaid vendor claims, and a failed expansion strategy, pursuing a dual-track sale or reorganization backed by $20.7 million in DIP financing from existing investors.
Catona Climate (fka Aspiration) has filed for Chapter 11 bankruptcy amid legacy liabilities and a liquidity crisis triggered by halted founder funding, planning a 363 sale with DIP support.
KTRV/Heritage Coal have filed for Chapter 11 bankruptcy amid falling coal prices and a liquidity crisis exacerbated by intense post-acquisition disputes with former owners involving litigation and alleged equipment sabotage.
Bar Louie has filed for Chapter 11 bankruptcy for the second time in five years, seeking to restructure $70 million in debt amid macroeconomic pressures and rising costs, backed by DIP financing from its existing lender.
TimberHP has filed for Chapter 11 bankruptcy following construction delays and cost overruns on its wood fiber insulation plant, securing stakeholder support for a pre-arranged reorganization.
Benson Hill has filed for Chapter 11 bankruptcy amid industry headwinds, seeks going-concern 363 sale backed by DIP financing from existing stakeholders.
Arch Therapeutics Files Chapter 11 in District of Massachusetts
Truck & Trailer Leasing Avenue Files Chapter 11 in Northern District of Illinois
Global Clean Energy Files Chapter 11 in Southern District of Texas
Excell Communications Files Chapter 11 in Eastern District of New York
Consolidated Burger Holdings Files Chapter 11 in Northern District of Florida
The Mesa at Laguna Ridge Files Chapter 11 in Eastern District of California
180 La Pata 2020 Files Chapter 11 in District of Delaware
Cooperative Laundry Files Chapter 11 in District of Delaware
Addison Station Files Chapter 11 in District of Maryland