Significant Chapter 11 Bankruptcy Filings Across New England and Beyond

This week's bankruptcy update highlights several notable Chapter 11 filings across New England and Delaware, including firms in diverse industries with significant asset values.

Introduction

This report delves into recent bankruptcy filings across Massachusetts, Maine, New Hampshire, and Rhode Island.

It also highlights significant Chapter 11 cases from New York and Delaware, where the total asset values have exceeded $1 million.

Summary of Recent Chapter 11 Bankruptcy Filings

Below is a summary of notable Chapter 11 filings, offering an insight into the key details of each case:

  • Debtor Name Industry Court Location Asset Range Liability Range Filing Date
    Adams LLC Real Estate Services White Plains, NY $1,000,001 – $10 million $1,000,001 – $10 million December 17, 2024
    Akoustis Technologies, Inc. Electric Equipment Manufacturing Wilmington, DE $50 million – $100 million $100 million – $500 million December 16, 2024
    Akoustis, Inc. Electric Equipment Manufacturing Wilmington, DE $50 million – $100 million $100 million – $500 million December 16, 2024
    Coastal Excavation Corp. Not Specified Boston, MA $100,001 – $500,000 $1,000,001 – $10 million December 20, 2024
    Elita 7, LLC Nursing Facilities Worcester, MA $1,000,001 – $10 million $1,000,001 – $10 million December 20, 2024
    EMS Warehousing and Distribution, Inc. Not Specified Worcester, MA $100,001 – $500,000 $1,000,001 – $10 million December 19, 2024
    Grinding and Dicing Services, Inc. Semiconductor Manufacturing Wilmington, DE $50 million – $100 million $100 million – $500 million December 16, 2024
    ILearningEngines Holdings, Inc. Business Education and Training Wilmington, DE $100 million – $500 million $100 million – $500 million December 20, 2024
    ILearningEngines, Inc. Business Education and Training Wilmington, DE $100 million – $500 million $100 million – $500 million December 20, 2024
    N.C. 17-19 Adams Street, LLC Not Specified White Plains, NY $1,000,001 – $10 million $1,000,001 – $10 million December 17, 2024
    Online Learning Consortium Inc. Educational Services Boston, MA $500,001 – $1,000,000 $500,001 – $1,000,000 December 20, 2024
    Onyx Owner, LLC Real Estate Leasing Wilmington, DE $10 million – $50 million $10 million – $50 million December 18, 2024
    Protec Instrument Corporation Not Specified Boston, MA $1,000,001 – $10 million $1,000,001 – $10 million December 18, 2024
    Protec RE Holding, Inc. Not Specified Boston, MA $0 – $50,000 $50,001 – $100,000 December 20, 2024
    Protec RE Holdings Inc. Not Specified Boston, MA $1,000,001 – $10 million $1,000,001 – $10 million December 18, 2024
    RFM Integrated Device, Inc. Electric Equipment Manufacturing Wilmington, DE $50 million – $100 million $100 million – $500 million December 16, 2024
    Zurvita Holdings, Inc. Retail Wilmington, DE $1,000,001 – $10 million $10 million – $50 million December 20, 2024

Chapter 7 Filings

For the week ending December 22, 2024, there were no Chapter 7 bankruptcy filings reported.

Note: Please keep in mind that the classification of business types may not always match the official designations recorded in Bankruptcy Court.

Source: Natlawreview