Bankruptcy filings across multiple industries have continued into early 2026, with another retailer now seeking court protection. Compression garment retailer Ziviea, Inc. is the latest company to join that list. The company, which operates as CompressionSale.com, is seeking to reorganize its finances through the court-guided proceeding.
Ziviea, Inc. Files for Chapter 11 Bankruptcy
Ziviea, Inc. made a voluntary bankruptcy filing on March 6, 2026, according to PACER. The Chapter 11 petition was signed by Arun Reddy, the CEO and Director of Ziviea, Inc., which operates as CompressionSale.com.
Attorney Daniel A. Velasquez of Latham Luna Eden & Beaudine LLP is representing the company in the U.S. Bankruptcy Court for the Middle District of Florida.
While Ziviea, Inc. has not yet cited reasons for the bankruptcy, court filings show that its revenue has been falling for the last two years. According to its statement of financial affairs, the gross revenue of the retailer in 2024 was around $11.17 million, which reduced to $8.73 million in 2025. Currently, the revenue stands at roughly $406K (before the filing).
Chapter 11 bankruptcy filing enables businesses to work as normal under the guidance of the court. The latest petition allows Ziviea, Inc. to remain operational throughout the process as it restructures its debts.
Company Background
Ziviea, Inc., currently operating as CompressionSale.com, offers a range of compression stockings and several other related orthopedic products. The company sells compression stockings and related orthopedic products designed to support circulation and leg comfort.
CompressionSale.com has served customers with a variety of medical compression hosiery and braces during its decades of service. The compression garment retailer’s products have helped with conditions affecting the knees, ankles, back, elbows, shoulders, wrists, neck, and abdomen.
Other than this, the website shows that CompressionSale.com’s products are sourced from well-known brands. Some examples are Jobst, Mediven, Futuro, Sigvaris, Activa, Juzo, and Truform.
Other Crucial Case Details
According to court filings, Ziviea, Inc. currently owes around 1 to 49 creditors in total. The filing details indicate that funds will be available for distribution to the unsecured creditors. Its largest creditor is First Internet Bank of Indiana, which is owed roughly $3.77 million under a disputed loan.
Other notable unsecured creditors of Ziviea, Inc. are American Express and Capital One, which are owed nearly $235K and $500K, respectively. In addition, the compression garment retailer owes Shopify ($450K) and product suppliers like Juzo ($50K) and Essity ($500K).
Further information included in the Chapter 11 petition of Ziviea, Inc. is:
- Filing Date: March 6, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Middle District of Florida
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 3:26-bk-00938-JAB
- Estimated Assets: $100,001 – $500,000
- Estimated Liabilities: $1,000,001 – $10 million
- Reason for Filing: Restructure business under court supervision
Case records show that Ziviea, Inc. submitted several other documents in the court, including a summary of assets and liabilities, a list of equity security holders, a verification of creditor matrix, and a disclosure of compensation of attorney. Schedules A/B, D, E/F, G, and H were filed as well.
Ziviea, Inc.’s latest Chapter 11 filing reflects the financial pressures facing retailers regardless of the demand for specialty medical products. The garment company is hoping to regain its financial footing through the court-guided process.
