Loop Media files Chapter 7; trustee appointed, liquidation ahead
Loop Media, Inc. (LPTV) filed for Chapter 7 bankruptcy.
Rhea-AI Filing Summary
Loop Media, Inc. (LPTV) filed for Chapter 7 bankruptcy. On October 9, 2025, the company and its wholly owned subsidiary, Retail Media TV, Inc., commenced voluntary Chapter 7 cases in the U.S. Bankruptcy Court for the District of Nevada. A Chapter 7 trustee, W. Donald Gieseke, has been appointed to administer the cases and liquidate the Debtors’ assets under the Bankruptcy Code.
The initial meeting of creditors is scheduled for November 6, 2025 at 2:30 p.m. Pacific Time. The filings may trigger defaults or accelerations under certain contracts and debt instruments, though these actions may be stayed by the Bankruptcy Code’s automatic stay. The company’s audit for the fiscal year ended September 30, 2025 was not completed, and the company states it will no longer have the capability to prepare and file its Annual Report on Form 10-K or other periodic reports.
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Insights
Chapter 7 places Loop Media into court‑supervised liquidation.
Loop Media entered voluntary Chapter 7 on October 9, 2025, with a trustee appointed to liquidate assets. This indicates cessation of operating activities in favor of an orderly wind‑down, with proceeds distributed per statutory priority.
The filing notes possible events of default and accelerations under agreements and debt instruments; however, the automatic stay under 11 U.S.C. §362 can pause enforcement actions. Credit recoveries will depend on asset realizations and claim seniority rather than ongoing business performance.
A creditors’ meeting is set for November 6, 2025 at 2:30 p.m. Pacific Time. The company also states it will not file its Form 10‑K or further periodic reports, limiting financial transparency during liquidation.
8-K Event Classification
FAQ
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