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Houston-based Neighbors Legacy Holdings Inc. and 48 other related entities filed for chapter 11 bankruptcy protection late last week, the Houston Business Journal reported. Additionally, the company has already lined up a buyer for its Houston-area emergency centers, according to court documents. Neighbors noted that it filed for chapter 11 to “expedite the sale of its Houston and non-Houston operations.” The company operates as Neighbors Health, which includes Neighbors Physician Group, Neighbors Emergency Center and Neighbors Practice Management. The list of debtors includes individual locations of NEC and Neighbors Physicians Group as well as some other entities. Most of the entities listed assets between $1 million and $10 million, though 13 listed smaller ranges and two listed assets between $10 million and $50 million. Similarly, most of the entities listed debts between $1 million and $10 million, but 12 listed smaller ranges and only one listed debts between $10 million and $50 million.

Virginia entrepreneur Tom Clarke has resorted to bankruptcy protection again for the iron ore operation he acquired in January 2017 out of the bankruptcy of Magnetation LLC, WSJ Pro Bankruptcy reported. The former Magnetation facilities were hit with an involuntary bankruptcy petition in May as Mr. Clarke scrambled for cash to get the iron facilities up and running and creditors clamored for cash. This week, his takeover vehicle, ERP Iron Ore LLC, agreed to move forward in chapter 11 bankruptcy, which will likely see a sale of at least some of the iron-producing facilities for scrap, court papers say. ERP acquired three concentrator plants located in Itasca County, Minn., and a pellet plant located in Reynolds, Ind., from the Magnetation bankruptcy, promising to get them back in action.

ActiveCare Inc., a publicly traded company that helps people manage their diabetes, filed for bankruptcy with a restructuring plan that would hand ownership of the company to key supplier and largest unsecured creditor BioTelemetry Inc., WSJ Pro Bankruptcy reported. The chapter 11 filing on Sunday came after the Orem, Utah-based company defaulted on its debt and saw a potential deal with Cleveland Clinicunravel, according to records in U.S. Bankruptcy Court in Wilmington, Del. ActiveCare has a center at its headquarters whose staffers help patients manage their glucose levels by providing real-time blood test results and around-the-clock support, Mark Rosenblum, the company’s chief executive said in a bankruptcy filing. But the company has lost money for years, and has been unable to pay commissioned sales brokers, lenders or key suppliers, including publicly traded BioTelemetry. Efforts to raise additional capital, including after an extensive road show last year, have fallen short.

A year after going public with the backing of venture-capital firms, cloud-storage business Tintri Inc. filed for bankruptcy protection yesterday and put its business up for sale, immediately drawing a bid from a data-storage supplier, WSJ Pro Bankruptcy reported. The chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Del., comes after the Mountain View, Calif.-based company said that it was running out of cash and might be forced to stop operating and file for bankruptcy even if its lenders didn’t pressure it to repay its debt. The Silicon Valley business, whose customers include Toyota, Comcast and Sony, had revenue of more than $125 million last year but couldn’t turn a profit. The company posted annual losses of more than $100 million in each of the past three years.

A Houston light-fixtures manufacturer that took in $33.3 million in revenue last year has filed for bankruptcy, saying its search for buyers has been derailed by a lawsuit from former employees, WSJ Pro Bankruptcy reported. Executives who put XtraLight Manufacturing Ltd. into bankruptcy protection on Wednesday said that the company has spent a large amount of money fighting a $12 million lawsuit from employees who worked on a Boston water utility project. Nearly 30 employees who helped install automatic water-meter-reading systems sued the manufacturer in 2016 for unpaid wages. XtraLight has denied wrongdoing. The potential claim for wages and damages is a large figure compared to XtraLight Manufacturing’s overall value. Its lighting division, which began looking for buyers last year, is worth an estimated $18 million, owner Jerry Caroom said in documents filed in U.S. Bankruptcy Court in Houston. Legal fees from the dispute cost about $37,000 a month, he added.

The company behind Waverly Restaurant, a legendary diner in New York City’s West Village that serves classic American-style comfort food, has filed for bankruptcy protection, the Wall Street Journal reported. Village Red Restaurant Corp., the diner’s corporate name, filed for chapter 11 protection on Friday in the U.S. Bankruptcy Court in New York. The restaurant is facing potential liability in two lawsuits alleging management didn’t pay overtime to a group of former waiters, dishwashers, busboys and delivery men. Filing chapter 11 bankruptcy halts the litigation and allows Waverly Restaurant to keep its doors open as it attempts to address its liabilities. The restaurant’s bankruptcy petition estimates it has up to $50,000 in assets and between $500,000 and $1 million in liabilities.

FirstEnergy Corp. said on Saturday that its nuclear and coal power plant units filed for bankruptcy court protection as the company looks to restructure, sell assets and win government support to cope with competitors using lower-cost natural gas, Reuters reported. The chapter 11 filing was made by FirstEnergy Solutions and FirstEnergy Nuclear Operating Co. The companies said they have over $550 million in cash and “sufficient liquidity to continue normal operations” while restructuring. The legal move came after FirstEnergy urged the federal government on Thursday to evoke little-used emergency powers to help it keep several struggling nuclear and coal-fired power plants open, a move critics described as an appeal for a corporate bailout.

Southeastern Grocers LLC, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said today that it filed for chapter 11 protection to restructure debt, Reuters reported. The company listed assets in the range of $1 billion to $10 billion and liabilities in the range of $1 billion to $10 billion, the Delaware bankruptcy court filing showed. The restructuring will reduce its debt by $500 million as it will continue to operate over 580 stores, the company said. Southeastern Grocers has secured 100 percent committed exit financing in the form of a senior secured six-year term loan facility in the original principal amount of $525 million and an asset-based lending revolving credit facility. The company said earlier this month that it planned to file for bankruptcy and will close 94 underperforming stores.

iHeartMedia Inc., the company behind the biggest U.S. radio broadcaster, filed for bankruptcy protection after reaching an agreement in principle with investors over a balance-sheet restructuring, a decade after a private-equity-led buyout left the company laden with billions in debt, WSJ Pro Bankruptcy reported. iHeartMedia said today that the agreement in principle was with holders of more than $10 billion of its outstanding debt and its financial sponsors. The chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, came after months of talks with investors on restructuring terms. Based in San Antonio, iHeart operates 856 terrestrial stations and controls Clear Channel Outdoor Holdings Inc., one of the biggest billboard companies in the world. The company said Clear Channel Outdoor and its subsidiaries didn’t commence chapter 11 proceedings. It also said its day-to-day operations would continue as usual during the restructuring process. iHeartMedia said it believes its cash on hand, together with cash generated from continuing operations, will be sufficient to fund and support the business during the bankruptcy proceedings.