US-based lessor and investment firm 777 Partners has filed for Chapter 11 bankruptcy protection in Texas almost two weeks after creditors sought to liquidate what is left of the company that began unloading its assets more than a year ago.
A voluntary petition for bankruptcy protection was filed on August 9, 2026, by affiliated debtor Signal National LLC in the US Bankruptcy Court for the Northern District of Texas, according to court records seen by ch-aviation.
On August 10, the court filed an order for the joint administration of 23 affiliated cases under the case number 26-90190.
They pertain to a string of affiliated companies, including 777 Asset Management LLC and 777 Partners LLC, which had backed the now-defunct Australian start-up Bonza (Sunshine Coast) and existing Canadian low-cost carrier Flair Airlines (F8, Kelowna).
The bankruptcy court designated the proceedings as complex Chapter 11 cases and scheduled initial omnibus hearings for September 8 and October 13, 2026.
777 Partners was placed under a limited receivership on August 18, 2025.
On July 16, 2026, three investment funds filed an involuntary Chapter 7 bankruptcy petition against 777 Partners, days after securing an amended judgment for USD26 million against the Miami-based firm in the US Bankruptcy Court for the Southern District of Florida.
Separately, 777 Partners co-founder Josh Wander is still awaiting trial in the Southern District Court of New York on charges of conspiracy to commit fraud over an alleged scheme that defrauded lenders and investors of nearly USD500 million. Prosecutors allege that from 2021 to 2024, Wander and others misrepresented 777 Partners’ financial condition and collateral, including double-pledging assets, to secure funding.
