Bankruptcy & Restructuring News & Analysis

Oklahoma-based steel pipe manufacturer Paragon Industries has filed for Chapter 11 bankruptcy protection while planning to sell its business as a going concern. Facing multiple lawsuits and struggling with rising material costs and declining demand, the company believes its value exceeds its debts and aims to maximize returns for creditors through a court-supervised sales process

Bitcoin mining company Rhodium Encore proposes a rare 100% recovery plan for creditors in its Chapter 11 bankruptcy, funded by a $185 million settlement with Whinstone/Riot. Despite operational challenges from landlord disputes, the plan would satisfy all creditor claims while also providing value to equity holders

Prospect Medical Holdings has filed its Chapter 11 liquidation plan in Texas bankruptcy court, outlining how it will distribute proceeds from hospital sales after closing its Pennsylvania facilities. Creditors must vote by July 31, with a confirmation hearing set for August 7, 2025

Medical equipment company Jordan Health Products has filed to convert its bankruptcy case to Chapter 7 liquidation after selling all its assets and exhausting available funding. The Delaware bankruptcy court will consider the motion on June 25, with the company citing an inability to confirm a reorganization plan

North America's only wood fiber insulation producer, GO Lab, is seeking court approval to dissolve five non-operating subsidiaries as part of its Chapter 11 bankruptcy restructuring. The Maine-based sustainable building materials company filed the motion to streamline operations and reduce costs as it works toward emergence from bankruptcy