Bankruptcy & Restructuring News & Analysis
Nine Energy Service Files Prepackaged Chapter 11 to Equitize $319.5 Million in Secured Notes
Nine Energy Service and affiliates filed prepackaged Chapter 11 cases on February 1, 2026, with support from 70%+ of Senior Secured Noteholders to equitize $319.5 million in notes and deleverage the company's balance sheet through a 31-day restructuring process
Multi-Color Corporation Files Prepackaged Chapter 11 to Reduce Debt by $3.9 Billion
Multi-Color Corporation, a global label manufacturer with $5.9 billion in debt, filed for Chapter 11 bankruptcy with a prepackaged plan that will eliminate $3.9 billion in debt while leaving general unsecured creditors unimpaired
Bankruptcy Court Rejects Union Challenge to $28 Million Gaming Asset Sale
Bankruptcy court denies Teamsters Local 117's challenge to $28 million gaming asset sale, ruling courts have authority to approve sales free and clear of successor liability claims under Section 363(f) of the Bankruptcy Code
Texas Wind Farm Files for Bankruptcy After Winter Storm Uri Creates $103 Million in Hedge Obligations
Shannon Wind, LLC filed for Chapter 11 bankruptcy seeking to sell its 204.1 megawatt Texas wind farm after Winter Storm Uri created $102.9 million in hedge obligations to Citigroup Energy Inc., with the company holding low amounts of funded debt at $5.1 million
Virginia Hallmark Store Operator Proposes Full Payment Plan for $20.2 Million in Bankruptcy Claims
Virginia-based Hallmark retail store operator proposes Chapter 11 reorganization plan to pay all $20.2 million in creditor claims in full through 2035