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Med Spa Owner Gets Ch. 11 Cash Collateral Deal With Lenders

By Vince Sullivan · June 30, 2026, 6:50 PM EDT

A Delaware bankruptcy judge said Tuesday she will grant a request by GVO Partners, a medical spa management and investment firm, to use cash collateral, agreeing with the debtor that it needs...

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Bankruptcy Scorecard

Summary

The operator of seven med spas in North Carolina, South Carolina and Florida filed for Chapter 11 protections in hopes of selling its assets. The case was converted to Chapter 7 when it was not able to reach an agreement with a secured lender to let it keep using cash collateral or line up debtor-in-possession funding.

Case Number

1:26-bk-10976

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$10 million to $50 million

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Related Sections

Case Information

Case Title

GVO Partners LLC

Case Number

1:26-bk-10976

Court

Delaware

Nature of Suit

Date Filed

June 16, 2026

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