Alea Holdings US Company and affiliates, non-operating holdcos in Catalina Holdings' runoff platform, filed Chapter 11 after non-Debtor SPARTA was left holding legacy AEIC liabilities and a TruPS tender fell short, pursuing an RSA-backed plan and 363 sales of equity in two non-Debtor insurers.
Pacifica Hospital of the Valley, a Los Angeles safety-net hospital, filed for Chapter 11 to halt a creditor's contested loan-to-own bid for control and a pending receivership, after a liquidity crisis, pandemic costs, seismic-retrofit fines, and delayed government payments eroded operations.
DISH DBS and DISH Wireless, EchoStar subsidiaries, filed dual-track Chapter 11 cases to reorganize the declining DISH/Sling pay-TV business and wind down DISH Wireless via a §363 sale, after the FCC pressed EchoStar to sell the spectrum licenses needed for the 5G network or face license forfeiture.
TPx Communications filed for Chapter 11 unable to service roughly $1.1B in debt, pursuing an RSA-backed dual-track restructuring — a Section 363 sale or a lender- and sponsor-led reorganization that would leave the managed IT services provider with about $129M of funded debt and preferred equity.
DAMIS Holdings, the real-estate arm of the Shabsels brothers' enterprise, filed a free-fall Chapter 11 with 89 affiliates amid its BVI parent's bond default, acute liquidity distress, and MCA lenders sweeping accounts.
Sangamo Therapeutics filed for Chapter 11 after losing its major collaboration revenues and exhausting its liquidity, pursuing a court-supervised sale with stalking-horse bids from Lilly for its core platforms and Astellas for its Fabry program.
Hallmark Financial filed Chapter 11 to sell its business or swap controlling creditor Hildene's debt for equity, after reserve failures, a lost reinsurance arbitration, and a ratings collapse gutted its equity—tripping a senior-note covenant Hildene wouldn't waive, foreclosing an out-of-court fix.
Searles Valley Minerals filed Chapter 11 to pursue a §363 going-concern sale of its business — anchored by its Trona, CA mining complex — after 2019 Ridgecrest earthquake damage, soda ash oversupply and price collapse, and mounting losses left it no viable out-of-court path.
SIMAD Holdings filed Chapter 11 to pursue an expedited financing or sale of its 30-camp portfolio, after missing a May 31 interest payment on $214M in Tel Aviv bonds following a ~$34M owner transfer under investigation and facing cash seizure by merchant cash advance lenders.
Sleep Number filed Chapter 11 to sell its assets to Fairfax-owned Sleep Country Canada for $415M through a lender-backed Section 363 process, after a multi-year mattress recession and a pandemic-era balance sheet left the smart-bed maker with roughly $672.5M of funded debt it could no longer carry.
Flex Pack Affiliates File Chapter 11 in Northern District of Illinois
CashCall Files Chapter 11 in Southern District of California
Jenk's Best Living Files Chapter 11 in District of Maryland
Alea Holdings US Company Files Chapter 11 in Southern District of Texas
826 Capital Holdings Files Chapter 11 in Southern District of Florida
American Efficient Files Chapter 11 in Western District of North Carolina
The Case Project Owner Files Chapter 11 in Central District of California
Tri-Borough Home Care Files Chapter 11 in Eastern District of New York
3030 Riverbend Files Chapter 11 in District of Oregon