HouseCanary Receives Court Approval of First-Day Motions and Financing to Support a Reorganization

Company continues normal operations with no interruption to customers, products or services

SAN FRANCISCO, Sept. 24, 2026 /PRNewswire/ -- HouseCanary, provider of a best-in-class property intelligence and valuation platform to financial institutions and real estate professionals, today announced that the U.S. Bankruptcy Court for the District of New Jersey approved the relief requested by the company at its first-day hearing, allowing HouseCanary to continue operating normally as it moves through its Chapter 11 reorganization.

The court approved HouseCanary's first-day motions, including relief supporting the continuation of customer programs, employee obligations and ordinary-course business operations, as well as access to debtor-in-possession financing to provide additional liquidity during this process. A further hearing will be scheduled in October to consider approving additional debtor-in-possession financing for the company's use.

HouseCanary's customer-facing operations, products, data services and support continue without interruption. The company expects to continue meeting its obligations to all of its customers and continue all of its existing and planned services throughout the reorganization.

"Today's approvals provide HouseCanary with the liquidity and operating flexibility to keep moving forward while we address our capital structure," said Chris Rediger, CEO of HouseCanary. "Our focus remains unchanged: serving our customers, delivering trusted real estate data and technology and executing on the significant opportunities ahead of us. We believe this process will position HouseCanary with a stronger balance sheet and greater financial flexibility for our next phase of growth."

HouseCanary currently expects that allowed creditor claims will be paid in full through the reorganization process, subject to the Chapter 11 process and court approval.

HouseCanary filed voluntary petitions for relief under Chapter 11 on September 22, 2026. Chapter 11 provides the company with a systematic process to address its capital structure while continuing normal business operations. Additional information regarding the reorganization is available through HouseCanary's information website administered by Omni Agent Solutions.

About HouseCanary

HouseCanary is a national real estate brokerage that provides a best-in-class property intelligence platform financial institutions use to value, evaluate and underwrite deals, and real estate agents, loan officers and investors use to price and market homes, across over 136 million US properties. For more information, visit housecanary.com.

SOURCE HouseCanary