Buddy Mac Holdings, LLC has filed for bankruptcy amid financial difficulties. The rent-to-own furniture company plans to stay operational under a court-supervised restructuring process, as Chapter 11 proceedings move forward.
Buddy Mac Holdings, LLC Files for Bankruptcy Protection
Court records show that Buddy Mac Holdings, LLC filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas. The proceedings were initiated on December 4, 2025, as the company struggled with rising financial pressures.
Buddy Mac Holdings is a major multi-store franchisee that deals in home furnishing and operates in multiple states. The brand offers flexible leasing options to customers and essential household items.
Proceedings and Case Details
Attorney John J. Kane from Kane Russell Coleman Logan PC is offering legal representation to the company in the bankruptcy court. The company has 1,000 to 5,000 creditors, and 48 associated affiliates of the brand also filed for bankruptcy.
Here are some important highlights of the case:
- Filing Date: December 4, 2025
- Court and Jurisdiction: U.S. Bankruptcy Court for the Northern District of Texas
- Type of Filing: Voluntary, Active
- Chapter: 11
- Case Number: 2:25-bk-02434-FMR
- Estimated Assets: $10,000,001 to $50 million
- Estimated Liabilities: $10,000,001 to $50 million
- Reason for Filing: Building financial pressure due to changing consumer behavior, high operational costs, and a large number of creditors
The company has to negotiate cash collateral usage and file the motions required to operate during restructuring. Buddy Mac Holdings is also seeking approval for a possible Debtor-in-Possession (DIP) financing facility.
The filing indicates that there might be no funds available for distribution to unsecured creditors. April 3, 2026, is the deadline set for submitting the reorganization plan and disclosure statement.
The bankruptcy filing places Buddy Mac Holdings, LLC under court supervision as it works toward stabilizing its financial position. Future updates will determine how the restructuring unfolds.
