May 26, 2026
The U.S. Trustee's Office asked a Texas bankruptcy judge to reject battery recycler Ascend Elements Inc.'s proposed executive $500,000 bonus package, saying it inappropriately rewarded insiders merely for remaining with the company and it has grown stale.
May 20, 2026
A pair of creditors of bankrupt battery recycler Ascend Elements Inc. asked a Texas judge to convert the company's case to a Chapter 7 liquidation late Tuesday, saying the company has no access to funding and is racking up administrative expenses it won't be able to pay in its Chapter 11 proceedings.
May 11, 2026
The unsecured creditors committee in the Chapter 11 of Ascend Elements has proposed six attorneys from McDermott Will & Schulte to represent it in the battery recycling firm's Texas bankruptcy case.
May 06, 2026
Bankrupt battery recycler Ascend Elements Inc. asked a Texas court for approval of a $30 million new money debtor-in-possession loan, with approximately $18 million earmarked for what it says is a crucial land acquisition in Poland.
May 01, 2026
A New York bankruptcy judge will weigh a German dating service's bid for Chapter 15 recognition, US Magnesium will undergo an omnibus hearing, Lycra will seek plan confirmation, and a judge will oversee Ascend Elements' second-day Chapter 11 hearing.
April 17, 2026
A Texas bankruptcy judge Friday approved Ascend Elements' expedited timeline for a Chapter 11 auction, after the battery recycling firm reached consensus on reserving the rights of objecting parties.
April 16, 2026
A Texas bankruptcy judge said Thursday he was inclined to approve Ascend Elements' speedy schedule for a Chapter 11 auction in May but held off on making a ruling to let the battery recycling company continue discussions with objectors.
April 14, 2026
Liquidators for companies linked to a crypto scam network filed for Chapter 15 recognition, a battery recycler filed Chapter 11 with $143 million in debt, and a workforce housing developer began its own Chapter 11 involving more than $73 million in debt.
April 13, 2026
Battery recycling company Ascend Elements has filed a proposed bidding procedures motion in its Texas Chapter 11 case, seeking to hold a hearing for a sale of its assets by May 17.
April 10, 2026
Massachusetts-based battery recycler Ascend Elements has filed for Chapter 11 in Texas with upward of $143 million in debt, saying it is hard up on cash at its early stage of development and needs to reorganize to meet its long-term goals.