Introduction
What happened to PosiGen? On November 24, 2025, PosiGen, PBC and nine affiliated entities filed Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas. Customers, creditors, and investors have been sorting through the fallout since.
This article covers the filing, reported financial pressures, key parties, financing and sale developments, and practical implications. It separates confirmed court actions from proposals and debtor-side statements.
Bankruptcy cases move through docket filings, hearings, objections, and orders. Check the live docket before making any legal, credit, investment, or customer-service decision.
Key Takeaways
- Ten debtors filed Nov. 24, 2025 in Houston under lead case 25-90787
- A liquidating plan was confirmed Feb. 24, 2026 and took effect Feb. 26
- DIP financing was capped at $43.929 million; the sale framework used a lender credit bid
- Customer servicing moved to third-party providers
- Verify current status on the docket, not a single news report
What Happened to PosiGen?
PosiGen provided residential solar systems, mostly leased to homeowners directly or through tax-equity partnerships. Servicing and solar renewable energy credit (SREC) income were part of the model. Reuters described it as an affordable solar provider serving working-class families.
The first-day declaration states that substantially all operations had ceased by the petition date, other than servicing and related customer obligations. That is the debtors' own statement.
Filing Essentials
- Filed: November 24, 2025
- Court: U.S. Bankruptcy Court, S.D. Texas, Houston Division
- Judge: Christopher M. Lopez
- Lead case: 25-90787, jointly administered
- Petition estimates: assets and liabilities each in the $100,000,001 to $500,000,000 range
These are estimates from the voluntary petition, not audited figures. The ten debtors on the petition should not be read as the whole corporate family; non-debtor affiliates may sit outside the filing.
Filing vs. Sale vs. Exit
A Chapter 11 filing is the start, not the end. DIP financing funds the case, a Section 363 sale transfers assets, and confirmation is the court's final approval of a plan. Here, the confirmed plan is liquidating, not a return to business as usual.
Status as of Publication
The plan is effective. A post-confirmation report for the quarter ended June 30, 2026 (Document 750) was filed August 11, 2026 by plan administrator Ephraim Diamond. Check the docket for any later entries.
PosiGen's Chapter 11 Case Details
Debtors
PosiGen, PBC; PosiGen Developer, LLC; PosiGen Holdings, LLC; PosiGen Operations, LLC; PosiGen Owner 2, LLC; PosiGen Provider, LLC; PosiGen Owner 3, LLC; PosiGen Rampart Holdco, LLC; PosiGen Rampart, LLC; and PosiGen, LLC. Case numbers run from 25-90787 to 25-90796.
Key Participants
- CRO: Robert Del Genio of FTI Consulting
- Debtor counsel: White & Case LLP, listed as proposed counsel on the December 1, 2025 service list
- Claims agent: Kroll Restructuring Administration
- DIP agent: BID Administrator, LLC
- Committee: appointed by the U.S. Trustee on December 5, 2025 and reconstituted December 18
Equity-holder details are not readily available; the petition exhibit is difficult to read in available copies.
Committee and Objections
No committee-specific objection is readily available on the docket. The U.S. Trustee objected to the plan's third-party-release opt-out mechanism, arguing silence could not establish consent. The confirmation order records that objections were overruled.
First-Day Requests
The CRO declaration identified requests for:
- Joint administration
- Cash management
- A consolidated creditor matrix with redactions
- Wages and benefits, plus a non-insider KERP
- Insurance and premium financing
- Utility adequate assurance
These were requests, not proof that each received final approval. No separate customer-program or cash-collateral motion is readily available on the docket.
Deadlines and Notices
Kroll's case page hosts notices and claim-submission links. Court-set deadlines (11:59 p.m. Central) were:
- General claims: February 17, 2026
- Rejection claims: March 30, 2026
- Governmental claims: May 23, 2026
All have passed.
Why PosiGen Filed for Bankruptcy
Reported Pressures
Reuters reported that PosiGen blamed federal cutbacks and new tariffs, and that the business relied on subsidies and tax credits. That is the company's explanation, not a judicial finding.
Contract Structure and Cash Flow
Lease payments flowed through collection accounts, with billing outsourced to Genpact. The CRO said this centralized system generally did not meet the governing-account requirements of the tax-equity partnerships. Liquidity constraints then led to some manual fund transfers. Those are debtor-side statements.
Layered leases, tax-equity waterfalls, and collateral claims make a solar company's estate hard to untangle. Ownership of systems and the cash they generate can be contested.
Disputes (Allegations Only)
Connecticut Green Bank sued on October 30, 2025, alleging breach of contract and a first-priority lien. Related allegations in the record include:
- A November 12 federal order recited claims that certain "Backleverage Entities" borrowed about $600 million from Brookfield
- Those entities allegedly missed interest payments around August 4, 2025
- The court denied preliminary injunctive relief without deciding the merits
In Chapter 11, the debtors and major stakeholders disputed ownership of certain solar systems and related cash. The court approved a global settlement.
Industry Context
SEIA and Wood Mackenzie reported 1,088 MWdc of residential installations in Q3 2025, down 4% year over year, citing short project timelines and the Section 25D credit expiration. That is sector context, not PosiGen-specific evidence.
Case Timeline and Major Developments
| Date | Event |
|---|---|
| Oct. 30, 2025 | Connecticut Green Bank files prepetition complaint |
| Nov. 12, 2025 | Federal court denies preliminary injunction |
| Nov. 24-25, 2025 | Petition filed; first-day hearing Nov. 25 |
| Dec. 5 / 18, 2025 | Creditors' committee appointed, then reconstituted |
| Dec. 9, 2025 | Joint plan and disclosure statement filed |
| Jan. 26-30, 2026 | Disclosure statement hearing; conditional approval |
| Feb. 5, 2026 | Court approves transaction motion, bar-date motion, final cash management |
| Feb. 11, 2026 | Global settlement and transition order |
| Feb. 23-26, 2026 | Confirmation hearing; plan confirmed Feb. 24; effective Feb. 26 |
| Aug. 11, 2026 | Post-confirmation report (Doc. 750) |
Financing
The court approved a DIP facility of up to $43.929 million, a cap and not the amount drawn. The plan describes it as supporting case administration, servicing transition, and plan distributions. DIP lenders also agreed to credit bid their claims in the sale process.
Sale Status
The approved framework covered substantially all assets, subject to exclusions, with a DIP-lender credit bid and room for a higher or better offer. Sale assets included inventory, work-in-progress solar systems, and certain causes of action.
Plan materials on the docket do not establish that the sale closed. Announced, signed, court-approved, and completed are four different stages, and only court approval is confirmed in the record.
What the Bankruptcy Means for Stakeholders
Customers
PosiGen's notice said servicing, monitoring, and billing would transition during the week of February 16, 2026. Customers were told to keep paying as scheduled.
- Active accounts move to Renewbrook/Omnidian or SunStrong
- Installed but not yet activated projects move to GoodLeap
Kroll lists these support channels:
- Renewbrook/Omnidian: posigensupport.com
- SunStrong: info@sunstrongmanagement.com
- GoodLeap: posigensupport@goodleap.com, 1-800-201-1356
Review your own lease, warranty, and any unfinished installation paperwork. Do not assume cancellation rights.
Employees and Contractors
A special payroll ran November 21, 2025, covering wages through November 28, though some wages remained unpaid at filing. The plan defined a WARN settlement class of about 470 former employees with $200,000 in settlement funds. That is a class fund, not an individual recovery estimate.
Creditors, Suppliers, and Lenders
- Keep invoices and contracts for claims documentation
- Confirm that claims deadlines have already passed
- Check cure and rejection notices on assumed or rejected contracts
- Review priority status and monitor distributions without assuming recovery
Under Bankruptcy Code §365, assuming a defaulted contract generally requires cure or adequate assurance of cure.
Solar Project Investors and Secured Parties
Collateral, cash management, liens, and project ownership drove the disputes. Rights depend on governing agreements and the settlement and sale orders.
Investors, Attorneys, and Credit Teams
Track docket events, claims, advisors, counterparties, and outcomes over time. BankruptcyData maintains 600k+ records spanning 45+ years of U.S. bankruptcy activity and helps professionals monitor court filings, stakeholder activity, and historical results.
This article is informational. For legal, contractual, or credit disputes, consult qualified counsel and rely on the operative court documents.
Frequently Asked Questions
What happened to PosiGen Solar?
PosiGen and nine affiliates filed Chapter 11 on November 24, 2025 in the Southern District of Texas. A liquidating plan was confirmed February 24, 2026. Check the docket for current status.
How can I contact PosiGen customer service?
Use the servicing channels listed on Kroll's case page and PosiGen's notice, based on your system's status. Avoid outdated third-party contact details.
When did PosiGen file for Chapter 11 bankruptcy?
November 24, 2025, per the voluntary petition and docket.
Where was PosiGen's bankruptcy case filed?
In the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, under lead case number 25-90787.
What does PosiGen's bankruptcy mean for customers and creditors?
It depends on court orders, your contracts, claims treatment, and the approved sale and plan. Customers were told to keep paying; creditor deadlines have passed. This is not individualized legal advice.
Is PosiGen still operating after filing for bankruptcy?
A liquidating plan is in effect and servicing has moved to third-party providers. Case materials do not support describing PosiGen as a standalone operating solar business. Status may change, so check the latest filings.
