Bankruptcy & Restructuring News & Analysis

Mexico's primary polyethylene supplier filed on August 17, 2026 with approximately $3.6 billion of outstanding principal, a restructuring support agreement executed the same day, and a proposed plan that would reduce prepetition funded debt by more than $920 million

No qualified bid arrived by the August 7, 2026 deadline. The debtors cancelled the auction, and the amended plan would convert approximately $1.1 billion of funded debt into a reorganized capital structure of approximately $129 million

A seasonal horticultural distributor and sixteen affiliates filed on August 18, 2026 carrying not less than $299,456,012.99 of term debt. The debtors seek an asset-based financing facility of up to $55 million from their existing revolving lenders, and are running a going-concern sale, an inventory liquidation and a real estate program at the same time

Sixty tort claimants challenged one provision of a $30 million financing order and nothing else. The district court held that the appeal was statutorily moot in its entirety, choosing the Ninth Circuit's approach to section 364(e) over the Eleventh Circuit's and predicting the Fifth Circuit would do the same

Twenty-four days into the case, the counterparty owed more than $407 million in FERC-ordered disgorgement asked the court to displace management, citing federal regulatory findings that predate the petition and an insider financing package that would encumber the estates' currently unencumbered assets