Chapter 11<\/a>. <\/p>\nBrightline says train service will continue as usual throughout the process, so don’t worry if you already bought tickets for an upcoming trip. <\/p>\n
Brightline Trains Are Still Running <\/p>\n
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Brightline currently has stations in Miami, Aventura, Fort Lauderdale, Boca Raton, West Palm Beach and Orlando. Those trains aren’t part of the bankruptcy filing. <\/p>\n
Reuters reports that 17 Brightline affiliates filed for Chapter 11 in New Jersey late on September 24. The bankruptcy petitions list more than $1 billion in assets and more than $1 billion in liabilities. <\/p>\n
Chapter 11 doesn’t necessarily mean a company is shutting down. U.S. courts describe it as a type of bankruptcy generally used to reorganize a business and its debt. <\/p>\n
In this case, Brightline says the company that runs the Florida trains will stay under its current management and operate normally. <\/p>\n
Brightline Is Getting $490 Million <\/p>\n
There is a lot of money involved in the agreement. Brightline’s existing stakeholders have committed $490 million in new long-term financing. That includes $140 million in senior debt and $350 million in junior debt. <\/p>\n
The company’s $2.2 billion in tax-exempt bonds used for Brightline Trains Florida will stay in place. <\/p>\n
Two other parts of the company are also staying out of Chapter 11. One holds the rights for future commuter service in Miami-Dade, Broward and Palm Beach counties, while another holds the rights for Brightline’s planned expansion to Tampa. <\/p>\n
Expansion Plans Aren’t Going Away <\/p>\n
Brightline says it still plans to expand in Florida. That includes a future station in Cocoa, commuter service in South Florida, and eventually bringing its passenger trains from Orlando to Tampa. <\/p>\n
The company also says more people have been riding this year. Through August, ridership was up 14% compared with the same time in 2025, while revenue was up 17%. <\/p>\n
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