Introduction
Rosland Capital LLC filed a voluntary Chapter 11 petition on July 2, 2026, in the U.S. Bankruptcy Court for the Central District of California. The case number is 2:26-bk-16650-BB.
This case overview covers court filings through the October 7, 2026 docket summary. It is not legal advice.
The filing matters to anyone who prepaid for metals, held IRA-related positions, awaited a buyback, or has an unresolved obligation with the company. The debtor reported roughly $49 million in deferred revenue and $11.8 million in buyback commitments, and it said it held no metals inventory.
Here is what the petition says, why the company filed, what customers should document, and how professionals can track the case.
Key Takeaways
- Rosland Capital LLC filed Chapter 11 in the Central District of California on July 2, 2026.
- Reported liabilities fall in the $50–100 million range; the debtor said it intends a liquidating plan.
- Debtor-reported customer obligations are not adjudicated claims.
- Keep your records and watch official notices, because deadlines and treatment depend on the docket.
What the Rosland Capital Chapter 11 Filing Says
Basic case facts
The petition lists estimated assets of $1,000,001 to $10 million, liabilities of $50,000,001 to $100 million, and 200 to 999 creditors. These are petition ranges, not valuations or allowed-claim totals. Later schedules and claims data may differ.
The case is before Judge Sheri Bluebond, per the court's September 16 calendar.
Liquidation, not a traditional reorganization
The first-day declaration of Michael Hogan says the debtor intended to seek a liquidating plan with a liquidating trust to manage remaining assets. That is stated intent. No confirmed plan or trust appeared in the docket summary through October 7.
A liquidating reorganization is a Chapter 11 case in which the company is essentially liquidated through one or more asset sales.
Reported financial condition
Figures below come from the Hogan declaration and are debtor-reported, not audited.
| Year | Revenue | Gross profit | Net income (loss) |
|---|---|---|---|
| 2021 | $151.2m | $27.9m | $10.2m |
| 2023 | $113.2m | $19.7m | ($3.7m) |
| 2025 | $97.8m | $8.5m | ($13.7m) |
| Prepetition 2026 | $28.0m | n/a | ($3.2m) |
Gross margin fell from about 18.4% in 2021 to 8.7% in 2025.
Deferred revenue and buybacks
The declaration reports about $49 million in deferred revenue across roughly 484 customers, and a Buy Back List of about $11.8 million across 133 customers. These are accounting labels and debtor lists. They do not establish what any individual customer is legally owed.
Cash and inventory
The declaration says the debtor had limited cash and no precious-metals inventory. The July 2026 operating report showed ending cash of $212,662, inventory of $0, and total assets of $425,017. For customers, that suggests expectations of physical delivery should be tempered. It does not predict any recovery.
Parties and professionals
- Debtor's counsel: Greenberg Glusker Fields Claman & Machtinger LLP
- Chief Restructuring Officer: Michael Hogan of Armanino Advisory LLC
- Creditors' committee: a committee motion appears on the court calendar; membership details are not readily available on the public docket
- Trustee: none identified in the available public docket entries
- Case portal: BMC Group, which states it is not the court and is not the complete official record
Why Rosland Capital Entered Chapter 11
The order-fulfillment model
According to the declaration, Rosland sold precious metals to retail consumers nationwide. Revenue was recorded when products shipped. Money received earlier stayed in deferred revenue.
Hogan says gold reached about $4,500/oz in 2025 and peaked near $5,600/oz in 2026. He says backlog caused delays of months between payment and delivery. These are the CRO's statements, not court findings.
A simple illustration
This hypothetical is not a case-specific calculation. Say a customer prepays $10,000 for metal. By the time the order is filled, the same metal costs $12,000 to buy. The seller absorbs a $2,000 loss on that order. Multiply that across hundreds of orders and liquidity tightens fast.
Margins, commissions, and costs
- Gross profit fell from $27.9m to $8.5m between 2021 and 2025.
- Net losses grew from about $0.2m in 2022 to $13.7m in 2025.
- Hogan cites heavy advertising and operating costs.
- Sales commissions ran 15% to 35% of gross profit and were paid when customers paid, even on orders later cancelled or unfulfilled.
Government inquiries
Hogan reports that the New York Attorney General had investigated sales to New York customers, and that the SEC was investigating metal-backed IRA products. These are the CRO's reports. No agency release, adjudicated violation, or liability finding is readily available on the public record.
What is not established
- No court or regulator finding of fraud appears in the public record.
- Available filings do not establish wrongdoing by spokespeople or endorsers.
- Individual liability has not been determined.
What Chapter 11 Means for Rosland Customers and Other Creditors
General information only. This is not legal, tax, investment, or claims-filing advice.
The automatic stay
Filing generally pauses efforts to collect prepetition claims or take estate property under 11 U.S.C. § 362. Exceptions exist, and its reach over non-debtor parties is fact-specific. The stay does not decide who owns particular metal or guarantee delivery.
Unsecured claims versus identifiable property
Most customer claims are likely general unsecured claims, meaning no special assurance of payment. A different result is possible only if a customer can show ownership of specifically identified, segregated metal outside the estate.
The estate covers the debtor's legal and equitable interests in property at filing. Contracts, records, payment history, and delivery status drive the answer.
A marketing statement or account balance alone does not prove ownership.
Priority and timing
- Section 507 gives priority to certain categories of unsecured claims. It does not make every customer claim a priority claim.
- A consumer-deposit priority exists for qualifying individual claims for undelivered personal, family, or household goods, capped at $3,800 per person for cases filed after April 1, 2025. Eligibility depends on the facts.
- Reclamation under § 546(c) has strict notice limits and is not an automatic consumer remedy.
Recovery size and timing stay unknown until assets, claims, objections, sale proceeds, administrative expenses, and any plan or trust terms are settled and approved.
What Affected Customers and Creditors Should Do Now
Preserve your records
- Purchase agreements, invoices, and payment confirmations
- Account statements and shipping or tracking records
- Emails, letters, and recorded sales calls
- Statements about storage or buybacks
- IRA and custodian records
- Photos and identifying details of specific coins or bars
Review notices and schedules
Check whether you are listed, whether the amount and address are right, and whether your claim is marked disputed, contingent, or unliquidated. If it is unscheduled or marked that way, you generally must file a proof of claim by the court-set deadline under Rule 3003. Even if scheduled normally, you are responsible for checking accuracy.
Confirm the claims deadline
The July 7 official notice set the creditors' meeting for August 7, 2026, and said the proof-of-claim deadline would come later. No bar date or case-specific filing method has been confirmed on the docket to date.
Take any deadline only from the latest official notice, the court, or the authorized claims agent. Official Form 410 is the federal proof-of-claim form.
When to get professional advice
Consider a bankruptcy attorney for questions about ownership, tracing, reclamation, turnover, arbitration, claims against non-debtors, IRA structures, or objections to a sale or plan.
Avoid scams
- Use only contact details from official court notices.
- Never pay anyone to "release" metals or speed up recovery.
- Verify independently before sharing sensitive information.
- Report suspicious contacts to the U.S. Trustee Program.
For professional stakeholders
Law firms, investors, and credit teams can follow petitions, motions, claims activity, sale procedures, and plan developments through a structured workflow. BankruptcyData's platform offers live court reporting, docket monitoring, stakeholder tracking, and alerts across Chapter 11 case activity. It is a research tool, not legal representation.
Rosland Capital Bankruptcy Timeline and How to Monitor the Case
Last verified October 20, 2026; docket summary reviewed through October 7, 2026.
| Date | Event | Source |
|---|---|---|
| July 2, 2026 | Petition and first-day declaration filed | Docs. 1 and 5 |
| July 7, 2026 | Notice sets creditors' meeting for Aug. 7; bar date to follow | Doc. 14 |
| July 13, 2026 | Order on first-day motions (verify its terms) | Doc. 20 |
| Aug. 19, 2026 | Motion to sell customer-information assets | Doc. 83 |
| Aug. 24, 2026 | First monthly operating report filed | Doc. 103 |
| Sept. 16, 2026 | Calendar lists committee motion to convert to Chapter 7 | Court calendar |
| Oct. 1, 2026 | Docket summary lists order approving customer-information sale | Order #207 |
| Oct. 5, 2026 | Voluntary-dismissal entry appears; relation to conversion motion unclear | Docket summary |
No conversion order appears among the reviewed docket entries.
Where to look for updates
- PACER and the Central District of California CM/ECF system
- The CourtListener/RECAP case page
- The BMC Group case portal (not the official record)
- Official notices mailed or posted in the case
Update policy: Deadlines and procedural details can change. Confirm everything against the live docket.
Using structured case data
Law firms, distressed investors, advisors, credit teams, and researchers can compare stakeholders, filings, advisors, claims activity, and outcomes across the case lifecycle.
BankruptcyData is one option, with 600k+ records spanning 45+ years of U.S. bankruptcy activity. Teams use it to benchmark against historical cases and research professional retentions.
Frequently Asked Questions
Who owns Rosland Capital?
The legal debtor is Rosland Capital LLC. The declaration cites a July 1, 2026 consent of the sole member and director, identified as Marin Aleksov. Verify ownership and liability through corporate records and filings, not advertising or spokesperson ties.
Is Rosland Capital a legitimate company?
It operated as a precious-metals seller and is a real Chapter 11 debtor. Whether it was solvent, fulfilled orders, or complied with regulations are separate questions, and the Chapter 11 record does not adjudicate them.
What happened to Rosland Capital?
It filed Chapter 11 on July 2, 2026, citing falling margins, rising metal costs, and undelivered-order and buyback obligations. The debtor stated it intended a liquidating plan. Check the docket for current status.
What should I do if Rosland Capital owes me money or precious metals?
Preserve your records, review official schedules and notices, and confirm the claims deadline from the court or claims agent. Seek independent bankruptcy advice on ownership or recovery questions.
Can Rosland Capital customers recover their money or metals?
It depends on asset realization, claim classification, case expenses, objections, and approved distributions. No recovery percentage or outcome can be promised.
