Turner Classic Movies

Restructuring · Americas

Picklr Inc., parent of indoor pickleball franchise The Picklr, filed a voluntary Chapter 11 petition in the US Bankruptcy Court for the Northern District of Texas to resolve legacy lease guarantees and other obligations from rapid expansion. Investor group Dynamus Alliance committed $4.5M in debtor-in-possession financing and is expected to sponsor the reorganization plan.

Restructuring · Americas

Nord Group's multifamily portfolio (about 4,000 units) is reportedly falling into foreclosure and bankruptcy, with lenders alleging improper diversion of rents and faked insurance.

Restructuring · Americas

AI chatbot company Character.AI has filed for bankruptcy and agreed to sell some of its assets to Disney for $20 million.

Restructuring · Americas

Character.AI has filed for Chapter 11 bankruptcy in a Delaware federal court and plans to sell all or most of its assets through the court process.

Restructuring · Americas

Belk Outlet will close its TownMall of Westminster store on Jan. 15, 2027, ending a department-store presence at the property dating to 1987. The closing followed a company business review, with no specific reason given.

Restructuring · Americas

Sammons launched Criterion Wealth Advisory Platform, a new holding company placing Beacon Capital Management, NorthRock Partners and Wealthcare under one umbrella with about $27B in assets, to streamline operations and accelerate RIA acquisitions.