December 19, 2025
A magnesium producer will ask for final approval of a debtor-in-possession loan funded by its parent company, a heavy machine retailer is asking for approval of its Chapter 11 liquidation plan after selling its business as a going concern, and auto parts giant First Brands has asked a judge to approve procedures it says will assuage concerns about its restructuring process.
October 22, 2025
A Texas bankruptcy judge approved a $69 million going concern sale of assets for heavy-equipment rental company Worldwide Machinery Group on Wednesday after the proposed buyers increased their offer to avoid a dispute over senior lenders' ability to credit bid against their debt.
September 29, 2025
Bankrupt equipment sale and rental company Worldwide Machinery filed a motion late Friday in Texas court seeking approval of a $65.6 million sale of its assets pursuant to a prepetition marketing process.
September 16, 2025
A dispute with a secured lender over competing sale plans prompted Worldwide Machinery, a construction equipment sale and rental company, to file for Chapter 11 protection, with pandemic-related economic pressures and a heavy debt load compounding its problems.
September 15, 2025
A Texas bankruptcy judge Monday allowed a company that sells and rents out construction and mining equipment to tap into cash collateral for two weeks to stay running, overriding a senior lender's objection and deferring a battle between debtor and lender over who should purchase the company's assets.
September 12, 2025
Construction equipment seller and rental company Worldwide Machinery Group Inc. filed for Chapter 11 protection in Texas late Thursday, saying it has at least $100 million of debt in its initial court filings.