MPB Group, Inc. has filed a Chapter 11 bankruptcy petition. The company operates as an outpatient mental health clinic in Maryland. The filing lists estimated liabilities that exceed the company’s estimated assets, along with several unsecured claims.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
MPB Group, Inc. Seeks Chapter 11 Protection
Case records, as available on the PACER database, show that the company submitted its petition on September 18, 2026. The records identify MPB Group, Inc. as a small business debtor, adding that it is proceeding under Subchapter V.
This provision is typically designed for small businesses to manage their bankruptcy obligations in a faster and more cost-effective manner.
The company’s CEO, Dr. Magalie Piou-Brewer, signed the petition before it was submitted to the court.
Attorney Dennis J. Shaffer of Tydings Rosenberg LLP is representing the company in the case.
About the Company
MPB Group Inc. operates as an outpatient mental health clinic, serving clients in Maryland. Since 2003, the company has provided mental health services for children, adolescents, adults, couples, and families. Services include individual, family, and group therapy, medication management, psychiatric evaluations, substance abuse evaluations, and teletherapy.
The company also provides specialized behavioral health services addressing trauma, grief, abuse, and neglect. It also caters to ADHD, mood disorders, OCD, behavioral issues, substance abuse, and other mental health issues. The company also runs a training program for emerging and licensed mental health professionals.
Case Related Details
Court records show that the company filed a list of creditors with the largest unsecured claims. These include CBC Dobbin, LLC, Navy Federal Credit Union, ODK Capital, LLC, St Johns Properties, and others.
Filing details indicate that funds will be available for distribution to the unsecured creditors.
The document filings also include a list of equity security holders. According to it, Magalie Piou-Brewer has 100% ownership in the company’s shares of stock.
MPB Group Inc.’s balance sheet shows that it reported $349,363.36 in total assets and $899,504.94 in total liabilities as of September 17, 2026.
The filing also lists negative total equity of $550,141.58 in total equity and a net loss of $271,360.20 through September 17, 2026.
A summary of the Chapter 11 petition is shared here:
- Filing Date: September 18, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Maryland
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-20261
- Estimated Assets: Between $100,001 and $500,000
- Estimated Liabilities: Between $500,001 and $1 million
- Estimated Creditors: 1-49
Previous Filings by Healthcare Providers
Several healthcare businesses across the country have been voluntarily filing for bankruptcy protection in recent months.
Florida-based Atlantic Recovery Center, LLC initiated Chapter 11 proceedings on July 7, 2026. Case filings showed that the residential treatment center decided to proceed as a small business debtor. The company is doing business as Reign Residential Treatment Center.
North Texas Behavioral Clinic, LLC submitted its petition on June 23, 2026. The petition showed that the mental health and psychiatric healthcare provider is moving forward using Subchapter V. The company offers its services through locations spread across North Texas.
P Health Inc. filed for Chapter 11 bankruptcy protection on May 8, 2026. Court records showed that the company is doing business as PsychPlus. The Houston-based firm provides its services as a psychiatry and therapy clinic.
A behavioral healthcare provider from Lincoln turned to Chapter 11 relief on February 13, 2026. Case records showed that Nebraska Peace of Mind Behavioral Health, LLC faced a financial gap. Services of the mental healthcare provider cater to patients of different ages.
As MPB Group, Inc. joins the list, upcoming court rulings are expected to shape its financial footing.
