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Chapter 11

All articles tagged with #chapter 11

business10 days ago•16 min saved

Dish Network Begins Chapter 11 Through Pre-Packaged Turnaround

Dish DBS, the satellite-TV operator now a unit of EchoStar, filed for Chapter 11 in Houston in a pre-packaged restructuring backed by about 88% of its bondholders. EchoStar says the move won't affect brands, customers, or operations and expects Dish to emerge from bankruptcy in the July–September quarter. The filing follows heavy debt (roughly $25 billion) and delays around a $20 billion spectrum sale to AT&T that helped trigger the process, as Dish continues its pivot toward wireless amid regulatory spectrum concerns.

via Deadline|

#bankruptcy #business #chapter-11

tech10 days ago•28 min saved

Dish heads to Chapter 11 as 5G spectrum sale stalls

Dish, the EchoStar-backed operator of Dish TV and Sling TV, filed for Chapter 11 bankruptcy to wind down its wireless operations after delays in selling about $23 billion worth of 5G spectrum to AT&T and SpaceX; Boost Mobile and Gen Mobile are excluded and will keep operating, with Dish aiming to emerge from bankruptcy by the end of Q3 2026.

via The Verge|

#5g-spectrum #bankruptcy #chapter-11

business10 days ago•3 min saved

EchoStar's Dish DBS Targets Chapter 11 Amid Debt Overhang and Cord-Cutting Pressures

EchoStar Corp.’s Dish DBS is moving toward a Chapter 11 filing to restructure roughly $25 billion of debt as traditional pay-TV subscribers fall away and regulatory scrutiny of its wireless spectrum weighs on its strategy; the pre‑arranged plan aims to deleverage while allowing Dish Network, Sling TV and Boost Mobile to operate normally, backed by creditor support for an expedited process—minimizing immediate customer disruption while potentially reshaping the competitive telecom/media landscape.

via | Cord Cutters News|

#bankruptcy #business #chapter-11

business11 days ago•5 min saved

Dish DBS Enters Chapter 11, Winds Down Dish Wireless in Prepackaged Restructuring

Dish DBS Corp and affiliates filed Chapter 11 in Texas under a prepackaged restructuring, winding down the Dish Wireless unit while Echostar and other operations (Boost Mobile, Gen Mobile, Hughes, Dish Network and Sling TV) continue normally; the plan, backed by most noteholders, aims to accelerate debt repayment and give Echostar greater flexibility after the previously announced spectrum sale to AT&T/SpaceX, which remains unsettled. The wireless shutdown is tied to an FCC escrow of about $2.4 billion to address claims, with creditors' claims handled through the bankruptcy process, and Dish targeting emergence by the end of Q3.

via TheDesk.net|

#bankruptcy #business #chapter-11

business16 days ago•3 min saved

Camp Mystic seeks Chapter 11 protection as flood-related lawsuits loom

Camp Mystic, the Texas camp linked to the Guadalupe River flood that killed 28 people (25 campers, 2 counselors, and the owner), filed for Chapter 11 bankruptcy in the Southern District of Texas. The move triggers an automatic stay on lawsuits while a reorganization proceeds, with claims likely to be resolved through a bankruptcy trust funded by insurance and camp assets. The case involves more than $10 million in debt from 1,000–5,000 creditors, with assets ranging from $1 million to $10 million (and varying assets for related entities). The camp remains closed and is under state investigations, complicating any chance of a quick reopening and potentially delaying ongoing litigation for families seeking justice.

via KUT|

#bankruptcy #business #camp-mystic

us-news16 days ago•395 min saved

Camp Mystic files Chapter 11 after deadly Texas floods

Camp Mystic, an all‑girls Christian summer camp in Texas Hill Country, filed for Chapter 11 bankruptcy, reporting debts of $10–$50 million and assets of $1–$10 million, nearly a year after catastrophic floods killed 28 camp linked residents and at least 136 people region‑wide. The filing follows a state investigation faulting the camp’s emergency planning and evacuations; the camp had already withdrawn its plan to reopen after a heated legislative hearing. Families of victims are pursuing damages beyond $1 million, and the bankruptcy process could pause those suits and route them into the court system. Co‑owner Richard Eastland died in the floods, and camper Cecilia Steward remains missing.

via NBC News|

#bankruptcy #camp-mystic #chapter-11

business16 days ago•4 min saved

Camp Mystic Files Chapter 11 Protection After Texas Flood Tragedy

Camp Mystic, the Kerr County girls’ camp where 28 people died in July 2025 floods, filed for Chapter 11 bankruptcy in the Southern District of Texas, reporting debts over $10 million. The filing lists Camp Mystic LLC with Edward Eastland as manager and includes three affiliated entities, estimating 1,000–5,000 creditors, assets between $1 million and $10 million, and liabilities between $10 million and $50 million, in what has been labeled a complex case. The bankruptcy follows a Texas Legislature investigation that found the camp lacked an emergency plan and mishandled reunification, with the camp closing amid backlash and licensing hurdles rather than reopening this summer.

via USA Today|

#bankruptcy #business #camp-mystic

business23 days ago•2 min saved

Sleep Number Files Chapter 11, Plans Sale to Sleep Country Canada

Sleep Number filed for Chapter 11 bankruptcy in New York with about $672 million in debt, blaming inflation, tariffs and supply-chain disruptions; it plans a sale to Sleep Country Canada to create a leading North American mattress retailer, with stores, deliveries and warranties continuing during restructuring. The move follows a Q1 2026 net loss of $50 million on $319 million in net sales, and the company has about 2,920 employees across 572 stores.

via USA Today|

#acquisition #bankruptcy #business

business26 days ago•13 min saved

West Marine trims footprint as five WA stores set to close amid bankruptcy

West Marine is closing five Washington locations (Bellingham, Bremerton, Everett, Spokane, and Port Townsend) after filing for Chapter 11 bankruptcy, part of a broader plan to reduce debt and stabilize operations. The retailer will shutter 59 stores nationwide butcontinue operating in about 200, with online and West Marine Pro App support. The company aims to emerge from Chapter 11 by August 20, subject to court approvals and milestones including a potential June auction.

via MyNorthwest.com|

#bankruptcy #business #chapter-11

business1 month ago•3 min saved

LIV Golf weighs Chapter 11 as funding drought sparks US relocation talk

LIV Golf is reportedly preparing to file for Chapter 11 bankruptcy in the United States if it cannot secure new funding after Saudi Arabia’s Public Investment Fund ends its support post-2026; the tour is weighing a relocation of its headquarters to the U.S. to exploit more favorable bankruptcy laws while it seeks alternative investors, following billions invested by the PIF to lure top players.

via New York Post|

#bankruptcy #business #chapter-11

business2 months ago•3 min saved

Smokey Bones shutters multiple locations as bankruptcy redraws the chain

Smokey Bones BBQ abruptly closed several U.S. locations after its parent company FAT Brands filed for Chapter 11 bankruptcy in January, with Colonie, NY the first reported shutdown and others in Pennsylvania, Ohio, Michigan, Illinois and Rhode Island following. The closures come as the chain’s footprint has been rapidly contracting—from a peak of about 130 locations down to the mid‑20s by 2025—and now appear to be accelerating, despite earlier assurances the brands would remain open during restructuring. The company indicated Chapter 11 would deleverage its balance sheet and support growth, but the latest wave of closures suggests a bleaker path ahead for the brand.

via New York Post|

#bankruptcy #business #chapter-11

business2 months ago•13 min saved

Spirit's Chapter 11 Playbook Keeps Flying Despite Doubts

Spirit Airlines remains in Chapter 11, shrinking and refocusing around core markets, with a disclosed plan that projects a -7.4% operating margin in 2026 turning positive in 2027 and climbing to double digits by 2030, but February results and current fuel costs around $4/gal cast doubt on those projections; a liquidation analysis values the airline at about $1.43–$1.71B if liquidated, raising questions about why creditors continue funding the airline and whether government support or a potential merger could alter the outcome.

via Cranky Flier|

#business #chapter-11 #fuel-costs

business2 months ago•22 min saved

QVC Group Enters Chapter 11, Plans 90-Day Path to Rebound

West Chester–based QVC Group filed for Chapter 11 in the Southern District of Texas, citing about $6.6 billion in debt at end-2025 and planning to continue operating with a prepackaged restructuring that it says could emerge within about 90 days; the company cautions that cash on hand and cash flow may not be sufficient to fund operations through the case. It employs about 15,300 people worldwide, including many in Chester County, and says there are no planned layoffs tied to the restructuring. The plan focuses on digital growth and retaining existing customers to restore growth for brands like QVC and HSN, amid past pressures such as a 2022 warehouse fire and trade tensions.

via WHYY|

#bankruptcy #business #chapter-11

bankruptcy3 months ago•24 min saved

BlockFills Enters Chapter 11 to Restructure Amid Liquidity Crunch

BlockFills, operated by Reliz Ltd., filed for Chapter 11 in Delaware to restructure amid liquidity stress, reporting assets of $50–$100 million and liabilities of $100–$500 million. The firm says the filing will enable an orderly restructuring, maintain client protections, and pursue additional liquidity while addressing a Dominion Capital-related lawsuit that resulted in a temporary restraining order.

via The Block|

#bankruptcy #blockfills #chapter-11

business4 months ago•3 min saved

Eddie Bauer teeters on mass closures after failed buyer bid in Chapter 11

Eddie Bauer LLC filed for Chapter 11 bankruptcy on Feb. 9, 2026, and after failing to attract a qualified bidder by the March 3 deadline, canceled its March 6 auction and signaled that all U.S. and Canadian stores could close as leases are marketed; closing sales will continue and gift cards or refunds will not be accepted after March 12. Authentic Brands Group, which owns the brand IP, plans a strategic pivot toward product innovation and digital expansion and has partnered with Outdoor 5 (Oved) to handle e-commerce and wholesale operations in the U.S. and Canada.

via USA Today|

#authentic-brands-group #bankruptcy #business