bankruptcy

Latest news articles about bankruptcy

Hilco Real Estate Sales Announces Bankruptcy Sale of Victoria Tower Office Building in Victoria, Texas

NORTHBROOK, Ill., Sept. 10, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces October 30, 2025, as the qualifying bid deadline for the Chapter 11 bankruptcy sale of Victoria Tower, a prominent six-story office property strategically located at 1908 N Laurent Street in Victoria, Texas....

September 10, 2025Read more →

Wolfspeed’s Plan of Reorganization Confirmed, Clearing Path to Emerge from Restructuring Process as a Financially Stronger Company

WOLF

(NYSE:WOLF) DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that the Company has received Court approval of its Plan of Reorganization. Wolfspeed expects to emerge from Chapter 11 protection in the next several weeks. Upon emergence, Wolfspeed expects to reduce its debt by approximately 70%, better positioning the Company to execute on its strategic priorities with a relentless focus on innovation. “We are pleased to reach this i

September 8, 2025Read more →

Hilco Real Estate Sales Brings Northern New Jersey Portfolio to Market Through Bankruptcy Sale

NORTHBROOK, Ill., Sept. 2, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces September 30, 2025, as the bid deadline for the bankruptcy sale of this legacy-caliber portfolio, located across northern New Jersey. With assets in Harrison, Kearny, Barnegat and Boonton, the available...

September 2, 2025Read more →

Modivcare Receives Nasdaq Delisting Notice Following Chapter 11 Filing

MODV

DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, announced that, on August 21, 2025, the Company was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq had determined to commence proceedings to delist the Company’s common stock as a result of the Company’s

August 22, 2025Read more →

Hyperscale Data Subsidiary Gresham Worldwide Receives Court Approval of Reorganization Plan; On Track to Emerge from Chapter 11 on October 1, 2025

GPUS

Projected to Contribute $40 Million in Annual Sales to Hyperscale Data LAS VEGAS, Aug. 21, 2025 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that Gresham Worldwide, Inc. ("Gresham...

August 21, 2025Read more →

Heritage Global Partners to Conduct Court-Approved Auction of CaaStle, Inc.’s Clothing Inventory and Industrial Laundry Equipment

HGBL

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court for the District of Delaware, (Case #1:25-bk-11187), to conduct an online auction of assets formerly owned by CaaStle, Inc., a tech-enabled B2B clothing logistics company. Auction Details: Online Bidding Opens: September 8, 2025 Online Bidding Closes: September 9, 2025, sta

August 20, 2025Read more →

TPI Composites, Inc. Advances Chapter 11 Process with Court Approval of First-Day Motions

TPI

Secures Access to Liquidity and Financial Flexibility

August 14, 2025Read more →

TPI Composites, Inc. Initiates Voluntary Chapter 11 Proceedings to Facilitate Restructuring to Position Company for Long-Term Success

TPIC

Reaches Agreement with Senior Secured Lenders for Use of Cash Collateral and Up to $82.5 Million in Debtor-in-Possession Financing, Subject to Final Documentation and Court Approval

August 11, 2025Read more →

Linqto Chapter 11 Case To Remain In Texas

HOUSTON, TX--(BUSINESS WIRE)--Linqto announced today that its voluntary Chapter 11 bankruptcy case will remain in the U.S. Bankruptcy Court in the Southern District of Texas. Judge Alfredo R. Perez rejected Interested Party Sapien Group USA, LLC’s motion to move venue to Delaware, stating that Linqto filing in Texas complied with U.S. Bankruptcy law. “Today’s ruling is a win for Linqto’s customers and other creditors,” said Samuel Schwartz, lawyer for Linqto and partner at Schwartz PLLC. “Remai

August 7, 2025Read more →

Bankruptcy Sale Announced for Premier Miami Rooftop Commercial Condo at Brickell House

MIAMI--(BUSINESS WIRE)--Keen-Summit Capital Partners LLC, a leading real estate brokerage and investment banking firm, in conjunction with Wilshire Advisory Group, has been retained to market and conduct the bankruptcy sale of a one-of-a-kind rooftop commercial condominium located on the entire top floor of Brickell House, one of Miami’s most prestigious residential towers. The offering includes Commercial Units 8, 9, and 11 at 1300 Brickell Bay Drive. Positioned in the heart of Miami’s thrivin

June 17, 2025Read more →

Sunnova Secures Interim Court Approval for Debtor-in-Possession Financing

NOVA

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova” or the “Company”) today announced that it has received approval for a series of strategic transactions intended to support a value-maximizing sale process as part of its ongoing Chapter 11 proceedings. This announcement marks an important next step following the Company’s, and certain of its subsidiaries’, voluntary chapter 11 filings in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) on J

June 13, 2025Read more →

KBRA Comments on Chapter 11 Filing of Solar Mosaic

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--Solar Mosaic LLC (Mosaic) has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (Chapter 11) in the United States Bankruptcy Court for the Southern District of Texas. According to its press release dated June 6, 2025, Mosaic plans to maintain its loan servicing operation through the Chapter 11 process. In addition, Forbright Bank—an existing loan servicing customer of Mosaic and the administrative agent representing lenders in the Chapt

June 11, 2025Read more →

Sunnova Announces Strategic Action to Facilitate Value-Maximizing Sale Process

NOVA

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) today announced that on June 8, 2025, the Company and certain of its subsidiaries voluntarily filed petitions for chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas (“the Court”) to facilitate a sale process for certain of the Company’s assets and business operations. The Company intends to continue operating its business in the ordinary course throughout

June 10, 2025Read more →