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ConvergeOne's Ch. 11 Plan Undone, In Part, On Appeal

By Clara Geoghegan · September 26, 2025, 7:30 PM EDT

A Texas federal judge has reversed parts of reorganized IT group ConvergeOne's Chapter 11 plan, saying an exclusive equity backstop opportunity given to a faction of its secured lenders violated bankruptcy's...

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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

Case Title

Ad Hoc Group of Excluded Lenders

Case Number

4:24-cv-02001

Court

Texas Southern

Nature of Suit

Bankruptcy Appeal (801)

Date Filed

May 28, 2024

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