Filing Alert: The Stephan Company Chapter 11
The Stephan Company Files Chapter 11 in Middle District of Florida
Update (Nov. 26, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of The Stephan Co.
The Stephan Co., a St. Petersburg, FL-based distributor and manufacturer of barber, beauty and other personal-care products, filed for Chapter 11 protection on Nov. 26 in the U.S. Bankruptcy Court for the Middle District of Florida.
The filing was precipitated by over 700 lawsuits alleging personal injury from exposure to asbestos-contaminated talc products previously manufactured by Old 97 Company, a former subsidiary merged into the debtor in 2016. With more than 500 active cases and settlement/defense costs projected to reach tens of millions, the debtor intends to utilize section 524(g) to channel all present and future talc claims to a trust. The proposed restructuring, which has the support of a prepetition ad hoc committee of talc claimants, includes a settlement with insurer Fireman's Fund Insurance Company to buy back relevant policies to fund the trust.
The Stephan Co. reports $10 million to $50 million in assets and $50 million to $100 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-08937.
Key Parties
Counsel:
- Patricia A. Redmond
Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.
Email: predmond@stearnsweaver.com
General Bankruptcy Counsel:
- Verrill Dana LLP
Financial Advisor:
- Getzler Henrich
Signatories:
- Henry Jacobi – Chief Executive Officer
Equity Security Holders:
- Jad Fakhry – 37% Equity Interest
- Brian Harper – 13% Equity Interest
- Joel A Getz – 1% Equity Interest
- Other Minority Holders – 49% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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