The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of Novation Companies, Inc. and its affiliates on August 15, 2023. The affiliates include Novation Holdings, Inc., Healthcare Staffing, Inc. and NovaStar Mortgage, LLC. The cases would be jointly administered for administrative and procedural purposes.

Novation Companies, Inc. has been designated as the lead debtor.