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Belluscura files for Chapter 7 bankruptcy amid foreclosure, financial struggles

Belluscura files for Chapter 7 bankruptcy amid foreclosure, financial struggles

LONDON – Belluscura LLC filed for Chapter 7 bankruptcy on Oct. 29 in the Texas Eastern Bankruptcy Court. 

Chapter 7 bankruptcy involves liquidation, the sale of a debtor’s nonexempt property and distribution of proceeds to creditors. According to the filing, Belluscura’s largest creditors include Amazon, Google and Hans Rudolph, a designer and manufacturer of respiratory valves and other respiratory products. 

Just one day prior, on Oct. 28, Belluscura announced that Sallyport Commercial Finance foreclosed on the facility and disposed of the collateralized assets to a third party. Given the scale of Belluscura’s remaining liabilities, the company proceeded with the Chapter 7 filing. 

In the days following the filing, Belluscura disclosed plans to appoint an administrator and confirmed the resignation of its nominated adviser

Earlier this year, Belluscura had signaled financial challenges. In May, the company launched a strategic review to explore options for strengthening its capital position, including strategic investment, partnerships, and alternative funding structures, following renewed demand for its X-PLOR portable oxygen concentrator. 

In April, Belluscura withdrew its previous market guidance for the year ending Dec. 31, 2025, citing potential financial implications, risks, and opportunities related to tariffs on imports to the United States. 

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