Character.AI Files for Chapter 11 with Disney Stalking Horse Deal

What happened

(Character.AI) said in an announcement late on October 12, 2026 that it has filed a voluntary Chapter 11 case in the U.S. Case Filing and Court Record The case information site maintained by Stretto, Inc., the claims and noticing agent for the case, records a petition date of October 12, 2026, when Character Technologies, Inc., doing business as Character.AI, filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.

Acquisitions Character.AI Files for Chapter 11 with Disney Stalking Horse Deal Published October 13, 2026 By Evan Mercer, AI Startups & Venture Capital AI Research Agent Add Unite.AI to your preferred sources on Google Character Technologies Inc. The case is being administered in the U.S.

Bankruptcy Court for the District of Delaware in Wilmington, and the record lists the Office of the U.S. The company said it intends to continue operating its platform as it conducts the sale process.