Bankruptcy News

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...

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 to conduct an auction of brewing and restaurant equipment from nine former Iron Hill Brewery & Restaurant locations. The sale is being conducted as part of the Chapter 7 bankruptcy proceedings of Iron Hill Brewery LLC (District of New Jersey, Case No. 1:25-bk-20476). Wh...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Lugano Diamonds & Jewelry Inc. (“Lugano” or the “Company”), a designer, manufacturer, and retailer of high-end jewelry, today announced that the Company and certain of its affiliates have voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to facilitate a value-maximizing sale transaction. Importantly, Lugano continues to operate in the ordinary course of business at this time and re...

STAMFORD, Conn.--(BUSINESS WIRE)--The United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) today indicated it will approve the Chapter 11 Plan of Reorganization (The “Plan”) for Purdue Pharma L.P. (“Purdue”). The Plan, which achieved remarkable consensus with the support of more than 99% of voting creditors, will deliver billions in urgently needed funding for opioid crisis abatement and victim compensation, as well as rescue medicines that will save liv...

HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed the Company’s Chapter 11 Plan (the “Plan”). This announcement follows the previously approved sale of substantially all of the Company’s assets and business operations to Solaris Assets, LLC (“Solaris”) (the “Sale Transaction”), through which Sunnova’s core operations transitioned to SunStr...

ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that it has received final approval from the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) for all of its “First Day” motions following its Second Day Hearing held on November 6 and 7, 2025. The Company previously received interim Court approval for all of its First Day motions following its First...

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...