Bankruptcy News

ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced the launch of a sale process to market and sell its business, as a whole or in parts, to maximize stakeholder value. The sale process is intended to accelerate the transition to new ownership, the Company’s emergence from these chapter 11 cases, and the next phase for First Brand’s market-leading portfolio of brands and bu...

DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (OTCMKTS: MODVQ), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, today announced the completion of its financial restructuring process and emergence from Chapter 11 protection. Modivcare achieved the objectives it set for this process, including meaningfully reducing funded debt by $1.1 billion—more than 85% of prior funded d...

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”). The Company has entered chapter 11 with the support of approximately 91.3% of its first lien noteholders and approximately 85.9% of its second lien noteholders (the “Ad Hoc Group”) to facilitate value-maximizing sa...

DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (OTCMKTS: MODVQ), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, announced today that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). This milestone clears the path for Modivcare to successfully emerge from Chapter 11 in the coming weeks with signif...

MALVERN, Pa.--(BUSINESS WIRE)--LifeScan (the “Company”), a world leader in blood glucose monitoring, today announced its successful emergence from its Chapter 11 financial restructuring process following approval of its Plan of Reorganization on October 27, 2025. Through this process, the Company eliminated more than 75% of its debt, providing the financial flexibility needed to continue its leadership in the glucose management industry. In connection with emergence, LifeScan is now owned by a...

OROVILLE, Calif.--(BUSINESS WIRE)--Oroville Hospital and its parent corporation, OroHealth, today filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code to help facilitate and maximize the value of a transaction and preserve its critical healthcare facilities for the community. The filing will best position the hospital to maintain its strong focus on high-quality patient care and continuity of operations, while maximizing stakeholder interests. The hospital, its skil...

SAN JOSE, Calif. & HOUSTON--(BUSINESS WIRE)--Linqto, Inc. today announced that Judge Alfredo Perez of the U.S. Bankruptcy Court for the Southern District of Texas set a confirmation hearing date of January 28, 2026 in the Linqto Chapter 11 bankruptcy proceedings. Also in today’s hearing, the Disclosure Statement was conditionally approved. The proposed Disclosure Statement and the Company’s Plan of Reorganization, drafted with the support of the Unsecured Creditors Committee (UCC), provide a de...

MORRISTOWN, N.J. & NASSAU, The Bahamas--(BUSINESS WIRE)--CCA Construction, Inc. (“CCA”), CCA Bahamas Ltd. (“CCAB”) and CSCEC Bahamas, Ltd. (“CSCECB”) today announced that they have reached a comprehensive agreement with BML Properties Ltd. (“BMLP”) to resolve their legal dispute over the construction of the Baha Mar resort. In accordance with the agreement, BMLP is dropping all claims in the U.S. and The Bahamas against CCA, CCAB and CSCECB and their respective affiliates without any admission...

BOCA RATON, Fla.--(BUSINESS WIRE)--Anthology (the “Company”), a leading software as a service (“SaaS”) educational technology provider, announced today that the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) has approved the following transactions in connection with the Company’s previously announced Chapter 11 sale process. Ellucian Company LLC (“Ellucian”) will acquire the Enterprise Operations business, including Anthology Student, Finance & HCM, Student Verificat...

COLUMBUS, Ohio--(BUSINESS WIRE)--American Signature, Inc. (“ASI” or the “Company”), one of the nation's leading home furnishings retailers and the parent company of Value City Furniture and American Signature Furniture, today announced it has filed voluntary petitions for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”). In order to maximize value, the Company has commenced a sale process pursuant to Section 363 of the U.S. Bankruptcy Code in th...