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IT Group TPx Confirms Ch. 11 Plan Cutting $1B From Books

By Clara Geoghegan · September 2, 2026, 6:15 PM EDT

A Texas bankruptcy judge on Wednesday approved information technology services provider TPx Communications' Chapter 11 plan that will see it emerge from bankruptcy with a $1 billion lighter balance sheet....

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Bankruptcy Scorecard

Summary

An IT service provider filed for Chapter 11 to try to find a buyer of its operations or pivot to a plan that would swap nearly all of its debt for equity if it does not get a high enough bid.

Case Number

4:26-bk-90625

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

U.S. TelePacific Corp. and Official Committee of Unsecured Creditors

Case Number

4:26-bk-90625

Court

Texas Southern

Nature of Suit

Date Filed

June 28, 2026

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