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Court Denies DEQSER LLC Chapter 11 Conversion Motion

The US Bankruptcy Court for the District of Delaware denied the U.S. Trustee's motion to convert DEQSER LLC's Chapter 11 case to Chapter 7, finding that a going concern sale of the business qualifies as "rehabilitation" within the meaning of § 1112(b)(4)(A) of the Bankruptcy Code. The court also denied motions seeking appointment of an examiner with expanded powers to market and sell the debtors' business, ruling that examiners conduct examinations only and the requested expanded powers fall outside what the Bankruptcy Code contemplates. The debtors, who operate a commercial laundry business in northern New Jersey serving hotels in New York City, have approximately 180 employees and have suffered operating losses of about $200,000 per month since their Chapter 11 filing in April 2025.

Apple Tree Life Sciences Chapter 11 Motions Denied, Stay Relief Granted

The United States Bankruptcy Court for the District of Delaware issued a memorandum opinion on April 14, 2026, in the Chapter 11 cases of Apple Tree Life Sciences, Inc. and related entities (Case No. 25-12177), denying the motions filed by Rigmora Biotech Investor One LP and Rigmora Biotech Investor Two LP to dismiss the bankruptcy cases. The court concluded that Apple Tree Life Sciences Venture, L.P., a $2.525 billion Cayman Islands venture capital fund investing in pharmaceutical and medically-related companies, is eligible to be a debtor and filed its cases in good faith. The court granted limited relief from the automatic stay to permit the partners to proceed with winding up proceedings in the Grand Court of the Cayman Islands on two specific issues: whether the Rigmora LPs can prove irretrievable loss of confidence in the General Partner, and whether the Fund has lost its substratum. The automatic stay remains in place for all other relief.