The latest public record around U.S. high-risk processor T1 Payments and its founder and former CEO Donald Kasdon points not to a comeback, but to a deepening post-collapse aftermath. Court records show that T1’s Chapter 7 bankruptcy was treated as closed by June 10, 2025, that stayed merchant cases began moving again, and that one related action ended in a March 30, 2026 default judgment against T1.