GoHealth files voluntary chapter 11 with support from lenders and majority shareholders
GoHealth, Inc. and certain subsidiaries filed voluntary chapter 11 petitions on June 7, 2026 in the U.S. Bankruptcy Court for the District of Delaware to implement a prepackaged plan of reorganization. The plan has secured support from 100% of lenders, over 60% of Class A common stock holders, and over 99% of GoHealth Holdings LLC unitholders. The company intends to continue operations as a debtor-in-possession and expects to emerge before the 2026 annual enrollment period, with the plan providing for trade payable payment in full, preferred equity reinstatement, and a cash recovery pool for equity holders.
Key facts
- Petition Date: June 7, 2026
- Bankruptcy Court: United States Bankruptcy Court for the District of Delaware
- Plan support: 100% of lenders under the Debt Agreements
- Plan support: over 60% of holders of Class A common stock
- Plan support: over 99% of holders of GoHealth Holdings LLC limited liability units
- CEO Vijay Kotte earned approximately $2.87 million under 2026 Cash Performance Plan Award on filing date
- COO Michael Hargis departure date: June 5, 2026, treated as termination without cause
- Equity recovery pool: $10.0 million cash for eligible Class A common stock and LLC unit holders
- Series A redeemable convertible preferred stock will be reinstated upon emergence
- Class A common stock expected to be delisted from Nasdaq Global Market
- Superpriority Senior Secured Credit Agreement dated August 6, 2025 with Blue Torch Finance LLC as agent
- Credit Agreement dated September 13, 2019 with Blue Torch Finance LLC as agent
Why it matters
The chapter 11 filing transitions company ownership to lenders, cancels existing equity interests with limited recovery, and triggers Nasdaq delisting, materially affecting current shareholders' ownership and trading liquidity.
Developing story
- NT 10-Q
- 8-Kthis filing
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Derived from 8-K filed 2026-06-08. Not investment advice. View the source filing on SEC.gov →