Filing Alert: PrimaLend Chapter 11

Update (Oct. 22, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of PrimaLend Capital Partners, LP.

PrimaLend Capital Partners, LP and its debtor affiliates⁽¹⁾, a Plano, TX-based subprime auto lender, filed for Chapter 11 protection on Oct. 22 in the U.S. Bankruptcy Court for the Northern District of Texas.

The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90013.

⁽¹⁾ Good Floor Loans LLC and LNCMJ Management, LLC.

Key Parties

Counsel:

• Jason P. Kathman
  Spencer Fane LLP
  Email: jkathman@spencerfane.com

Financial Advisor / CRO:

• FTI Consulting, Inc. (Tanya Meerovich)

Investment Banker:

• Houlihan Lokey, Inc.

Legal Counsel:

• Willkie Farr & Gallagher LLP

Signatories:

• Mark Jensen – President

Claims Agent:

• Stretto, Inc.

Equity Security Holders:

• Ovation Alternative Income Master Fund LP – 31.5% Limited Partnership Interests
• PrimaLend Capital Group, Inc. – 34.2% Limited Partnership Interests

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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