Chapter 11 case briefings and analysis
Wyatt Detention Facility's operator filed Chapter 11 with a bondholder-backed plan to eliminate $101.6M of bond debt and issue $67.5M of new bonds.
Filed July 9, 2026
Ambipar seeks Chapter 15 recognition of its Brazilian judicial reorganization, with 53.8% of Green Note holders backing a restructuring of $1.05B in notes.
Filed July 4, 2026
Pacifica Hospital of the Valley's Delaware chapter 11 opened with no debtor-in-possession loan and a cash-collateral fight with Axios, which asserts at least $50.9M owed on the Main Street loan.
Filed July 2, 2026
SynergenX’s chapter 11 centers on interim cash collateral access and $82.3M in funded debt as senior lenders contest the terms.
Filed June 26, 2026
Sea Palms Council of Co-Owners filed Chapter 11 Subchapter V to sell its Edisto Beach timeshare property, terminate the timeshare plan and dissolve. The association projected $2.634 million in repairs and capital improvements through 2029.
Filed June 23, 2026
Sangamo Therapeutics filed Chapter 11 in Delaware debt-free, with $75M in cash sale bids from Lilly and Astellas and a $30M case loan.
Filed June 16, 2026
Pacific Capital Funding Group, parent of the Pacific Private Money hard-money lending operation, and 12 affiliates filed chapter 11 in the Northern District of California to wind down a collapsed $140 million private mortgage-fund business now under SEC, DOJ, FBI, IRS, and California DFPI investigation.
Filed June 15, 2026
Searles Valley Minerals filed Chapter 11 in Delaware to sell its mining, rail and water-utility assets through a court-supervised process backed by $40M in liquidity.
Filed June 15, 2026
Hallmark Financial Services, a Dallas insurance holding company, filed a prepackaged chapter 11 in the Northern District of Texas under a restructuring support agreement with Hildene Capital, restructuring roughly $52.2 million of senior unsecured notes through a dual-track toggle plan.
Filed June 10, 2026
Danskammer HoldCo, owner of a 532 MW natural-gas peaking plant in Newburgh, New York, filed a debt-light chapter 11 in Delaware to halt the grid operator NYISO from seizing its capacity revenue over a disputed $13.45 million penalty, and to run a section 363 sale of the plant.
Filed June 9, 2026
Systematic Audio, the maker of Sundown Audio car-audio equipment, filed chapter 11 in the Western District of North Carolina to halt a $21 million-plus jury verdict and cascading lender defaults, carrying roughly $25 million of secured debt and facing a creditor push for a chapter 11 trustee.
Get case briefings
Recent chapter 11 developments, delivered by email.
