Lender Favors In Ch. 11 Get Riskier With ConvergeOne Ruling

By Alex Wittenberg · October 6, 2025, 4:55 PM EDT

Companies that offer incentives to select lenders in bankruptcy could face new legal challenges following a Texas federal court's ruling in the case of ConvergeOne, whose Chapter 11 plan was found to...

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Bankruptcy Scorecard

Summary

Information technology company ConvergeOne Holdings Inc. filed for Chapter 11 protection in Texas on Thursday with a prepackaged plan to erase $1.6 billion of secured debt from its balance sheet.

Case Number

4:24-bk-90194

Judge

Christopher M. Lopez

Venue

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

Capital Structure

Total Liabilities:

$1,000,000,001-$10 billion

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Documents

Related Sections

Case Information

Case Title

ConvergeOne Holdings, Inc.

Case Number

4:24-bk-90194

Court

Texas Southern

Nature of Suit

Date Filed

April 04, 2024

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