Chapter 11

Nicklaus Cos., founded in 2007 when Nicklaus sold a large stake in his design, equipment manufacturing and licensing businesses, is expected to explore a sale of its business or a reorganization in chapter 11.

By September, Sonder was exploring strategic alternatives, including a potential sale or a restructuring through Chapter 11 bankruptcy.

Santander’s other lending relates to invoicing at Ultinon, a headlights maker that isn’t in the chapter 11 proceedings, and to the First Brands units in Mexico and Brazil.

First Brands filed for chapter 11 in late September with more than $10 billion in liabilities.

Federal judge Sean Lane said in a New York court that he would sign off on the company Chapter 11 plan, with a formal ruling expected at a hearing on Tuesday.