Brief

US Trustee Objects To Opt-Outs In Wolfspeed's Ch. 11 Plan

By Ben Zigterman · August 22, 2025, 8:44 PM EDT

The U.S. Trustee's Office has objected to the prepackaged Chapter 11 plan from chipmaker Wolfspeed Inc., arguing the opt-out mechanism for obtaining creditor support for third-party releases is nonconsensual....

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Bankruptcy Scorecard

Summary

Wolfspeed Inc. filed for Chapter 11 bankruptcy on June 30 in Texas, aiming to restructure $6.7 billion in debt through a lender-backed restructuring plan.

Case Number

4:25-bk-90163

Judge

Christopher M. Lopez

Venue

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

Capital Structure

Total Liabilities:

$6.7 billion

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Documents

Related Sections

Case Information

Case Title

Wolfspeed, Inc., Debtor

Case Number

4:25-bk-90163

Court

Texas Southern

Nature of Suit

Date Filed

June 30, 2025

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