Loyalty Ventures Inc., along with its three affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on March 10, 2023. The debtor listed its assets in the range of $1 million to $10 million and liabilities in the range of $500 million to $1 billion. The debtor is represented by Victoria Nicole Argeroplos, Beau Butler, Matthew D Cavenaugh, Emily Flynn, John Machir Stull and Jennifer F Wertz of Jackson Walker LLP as its legal counsels.