Bankruptcy News

SAN JOSE, Calif. & HOUSTON, Tx.--(BUSINESS WIRE)--Linqto, Inc. today released a complete transaction dataset containing all historical transactions made on its platform from 2020 through 2025. This voluntary disclosure is designed to promote transparency and provide greater clarity for customers affected by the Linqto Chapter 11 bankruptcy proceedings. On July 8, 2025, Linqto filed for voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas in front of J...

ANN ARBOR, Mich.--(BUSINESS WIRE)--Norcold LLC (the “Company”), a distributor of refrigerators for recreational vehicles, marine equipment, and related aftermarket parts and products, has filed a voluntary petition for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to facilitate a sale of its assets to Dave Carter & Associates (“DCA”). The sale transaction with DCA, which will be implemented through a chapter 11 plan, will be subject to a...

MONTGOMERY, Ala.--(BUSINESS WIRE)--Jackson Hospital today announced the appointment of a new three-member Board of Trustees and the selection of John Quinlivan as chief executive officer, marking a pivotal step forward in the hospital’s ongoing Chapter 11 bankruptcy and reorganization proceedings. The new board, which assumed leadership on October 31, 2025, brings vital healthcare and financial competencies to guide the organization through restructuring, a feasible bankruptcy recovery plan, es...

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (“OPI” or the “Company”) today announced that it has entered into a Restructuring Support Agreement (“RSA”) with an ad hoc group (the “September 2029 Ad Hoc Group”) of certain holders of its senior secured notes due September 2029 (the “September 2029 Notes”) to restructure its corporate debt and allow the Company to substantially deleverage its balance sheet. The transactions contemplated by the RSA provide the Company with a signi...

MALVERN, Pa.--(BUSINESS WIRE)--LifeScan Inc. (“LifeScan” or the “Company”), a world leader in blood glucose monitoring, today announced that its Chapter 11 Plan of Reorganization (the “Plan”) has been approved by the United States Bankruptcy Court for the Southern District of Texas (the “Court”). With this approval, the Company is positioned to emerge from its financial restructuring process by the end of this year. “Today’s approval marks a significant milestone in our financial restructuring...

STAMFORD, Conn.--(BUSINESS WIRE)--Purdue Pharma L.P. (“Purdue”) today announced that its Chapter 11 Plan of Reorganization (“Plan”) received support from more than 99% of voting creditors, based on preliminary voting results. The votes were calculated by Kroll, Purdue’s court-authorized solicitation and balloting agent. “The high level of support for this Plan is gratifying after years of intense work with our creditors to craft a settlement that maximizes value for victims and communities and...

SAN DIEGO--(BUSINESS WIRE)--Less than three weeks after the Tricolor Holdings Chapter 7 bankruptcy filing, Vervent Inc. has assumed successor servicing responsibilities for the majority of Tricolor Holdings' approximate 100,000 subprime auto loans. With the company’s robust payment infrastructure, all consumer payments have been processed without interruption since day one. Before the Tricolor Holdings collapse, Vervent was designated as backup servicer by client lenders and investors, a role d...

NEW YORK & MIAMI--(BUSINESS WIRE)--The Blockchain Recovery Investment Consortium (BRIC) announces Tether has paid $299.5 million to the Celsius Network bankruptcy estate....

COLUMBUS, Ohio--(BUSINESS WIRE)--Navidea Biopharmaceuticals, Inc. (“Navidea” or the “Company”), a biopharmaceutical company focused on the development of precision immunodiagnostic agents and immunotherapeutics, today announced that it filed a voluntary petition for relief under Chapter 11, Subchapter V of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Court”) on October 1, 2025. The filing is intended to enable the Company to pursue an orderly...

NEW YORK--(BUSINESS WIRE)--This announcement is made on behalf of certain holders or beneficial owners, or investment managers or investment advisors on behalf of certain entities or discretionary accounts that are holders or beneficial owners (each, a “Creditor Party” and collectively, the “Creditor Parties”) of certain securities issued by Oi S.A – Under Judicial Reorganization (collectively, with its affiliates, “Oi”, or the “Company”) to satisfy disclosure obligations under certain confiden...