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.
Forever 21 has filed for Chapter 11 bankruptcy, citing competition from online retailers such as Shein and Temu, inflation, and shifting customer preferences, with plans for an expedited store liquidation and potential asset sale.
Danimer Scientific has filed for Chapter 11 bankruptcy amid stalled customer commitments, liquidity issues tied to expansion costs, and underutilized production capacity, and plans to sell assets.
Publishers Clearing House Files Chapter 11 in Southern District of New York
APG Express Files Chapter 11 in Central District of California
Royal Paper Files Chapter 11 in District of Delaware
301 W North Avenue Files Chapter 11 in Northern District of Illinois, Eastern Division
YIHE Forbes Files Chapter 11 in Central District of California
Kognitiv Files Chapter 11 in District of Delaware
Global Concessions Files Chapter 11 in Northern District of Georgia
Ennis Luxury RV Resort Files Chapter 11 in Northern District of Texas
Timbers of Cranbrook Apartments Files Chapter 11 in Southern District of Texas