Bankruptcy News

DALLAS--(BUSINESS WIRE)--At Home Group Inc. (“At Home” or the “Company”) today announced steps the Company is taking to strengthen its financial foundation and position the business for long-term success while continuing to serve its customers. The Company has entered into a Restructuring Support Agreement (the "RSA") with lenders holding more than 95% of the Company’s debt that sets forth terms of a prearranged financial restructuring that will eliminate substantially all of the Company’s near...

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...

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...

OAKLAND, Calif.--(BUSINESS WIRE)--Solar Mosaic (the "Company" or "Mosaic"), a fintech platform for U.S. residential solar and energy-efficient home improvements, today announced the Company 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 (the “Court”). Through the Chapter 11 process, Mosaic intends to complete a restructuring and recapitalization supported by certain of the...

CLEVELAND--(BUSINESS WIRE)--Everstream (the “Company”), a business-only fiber network, today announced that it has reached an agreement to sell substantially all of its operations to an affiliate of Bluebird Fiber (“Bluebird”), a regional provider of fiber-based connectivity solutions for businesses. The transaction will enable the Company to advance its core market optimization strategy from a strengthened financial position. This step follows Everstream’s sale of its Illinois and St. Louis me...

MIAMI--(BUSINESS WIRE)--Galloway Capital Partners, LLC and its affiliates (collectively, “Galloway”) announced today that they are considering pursuing legal action against WW International, Inc. (OTCPK: WGHTQ) (“WW” or the “Company”), Company’s management, Board of Directors, and the Company’s lenders. This is response to the United States Trustee rejecting Galloway’s request, on behalf of itself and certain other shareholders of WW International, Inc. (OTCPK: WGHTQ) (“WW” or the “Company”), t...

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (“Rite Aid” or the “Company”) today announced that it has successfully entered into a series of sale agreements and pharmacy services transition agreements. This includes the rolling transition of pharmacy assets from more than 1,000 store locations across the U.S. to operators including CVS Pharmacy, Walgreens, Albertsons, Kroger, and Giant Eagle, among others, as well as the sale and operation by CVS Pharmacy of many Rite Aid and Bartell Dru...

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (“Rite Aid” or the “Company”) today announced that it is pursuing a strategic and value-maximizing sale process for substantially all of its assets. To facilitate this process, the Company and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey. During this process, Rite Aid customers can continue to access pharmacy services and products in stores and online, including prescri...

NEW YORK--(BUSINESS WIRE)--Certain bondholders of the Puerto Rico Electric Power Authority (“PREPA”), including, Assured Guaranty Inc., GoldenTree Asset Management LP, National Public Finance Guarantee Corporation, the PREPA Ad Hoc Group and Syncora Guarantee, Inc., today issued the following statement: The recent island-wide power outage, which left the people in Puerto Rico without electricity during Holy Week, was devastating for residents. The outage showed yet again the complete failure of...

PLANO, Texas--(BUSINESS WIRE)--Zips Car Wash, LLC (together with its affiliates, collectively “ZIPS” or the “Company”), one of the largest privately-held car wash operators nationwide, announced that it has successfully completed its financial restructuring and emerged from its chapter 11 process on April 30, 2025, following confirmation of the Company’s Plan of Reorganization on April 18, 2025. ZIPS emerges from this process as a financially stronger company, better positioned to continue prov...