Restructuring Report

This episode covers key developments in four major restructuring and bankruptcy cases: DISH D.B.S. Corporation files a dual-track Chapter 11 that separates its Pay-TV and wireless businesses, combining a prepackaged plan to reduce $9.75 billion in debt with a Section 363 sale of its 5G network. The restructuring follows multibillion-dollar spectrum sales and establishes a $2.4 billion trust to res...

This episode covers key developments in three major restructuring and bankruptcy cases: In the long-running A&P bankruptcy , a New York court issues a series of rulings that reduce a $68 million preference recovery effort to just $3.3 million , drawing a sharp line between routine commercial payments protected by Bankruptcy Code defenses and transfers tainted by creditor pressure, altered paym...

This episode covers key developments in three major restructuring and bankruptcy cases: Sleep Number Corporation files for Chapter 11 with a stalking horse bid of $415 million , launching an expedited sale process that leaves a $257.5 million shortfall against secured debt and raises immediate challenges from the U.S. Trustee over roll-up financing, critical-vendor payments, and the absence of val...

This episode covers key developments in two major restructuring and bankruptcy cases: Inotiv , a global contract research organization serving the pharmaceutical and biomedical research industries, files a prepackaged Chapter 11 designed to eliminate approximately $325 million in funded debt . Backed by overwhelming creditor support, the plan converts debt into equity, preserves more than $300 mil...

This episode covers key developments in three major restructuring and bankruptcy cases: Miyoshi America advances what it describes as a first-of-its-kind prepackaged talc bankruptcy plan , using Section 524(g) to channel present and future talc claims into a trust funded primarily by its Japanese parent, with more than 99% support from voting talc claimants and no nonconsensual third-party release...

This episode covers key developments in four major restructuring and bankruptcy cases: Bitcoin Depot , the largest Bitcoin ATM operator in North America, files for Chapter 11 in Houston with plans to wind down operations and sell substantially all assets after identity-verification requirements triggered a dramatic collapse in transaction volume and profitability amid mounting regulatory scrutiny...

This episode covers key developments in four major restructuring and bankruptcy cases: Spanish Broadcasting System , the Spanish-language media company behind Mega TV and La Musica, files a pre-packaged Chapter 11 to restructure approximately $310 million in secured notes , with noteholders set to take ownership of the reorganized company through a debt-for-equity exchange. YesCare Corp. and affil...

This episode covers key developments in four major restructuring and bankruptcy cases: Spirit Airlines moves to sell or abandon its remaining fleet following a full operational shutdown, seeking emergency court approval to dispose of aircraft, engines, and spare parts as surging fuel costs rendered its reorganization plan unworkable. A federal district court vacates the extension of the automatic...

This episode covers key developments in three major restructuring and bankruptcy cases: FreshRealm , a fresh food manufacturer supplying major partners like Blue Apron and Walmart, files for Chapter 11 after a series of Listeria outbreaks wiped out roughly 90% of its revenue , entering with $168 million in secured debt , a $63 million DIP facility , and a stalking horse sale to Misfits Market as i...

This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files a disclosure statement projecting a 100% recovery for all creditor classes , outlining a reorganization plan that preserves its remaining retail footprint while demonstrating significantly higher recoveries than a Chapter 7 liquidation. Carbon Health Technologies seeks court a...

This episode covers key developments in four major restructuring and bankruptcy cases: Office Properties Income Trust heads toward confirmation of its $2.4 billion restructuring , following extensive intercreditor disputes and a series of settlements that stabilized enterprise value and reduced leverage through conversion of its DIP facility into equity, leaving unsecured noteholders with modest r...

This episode covers key developments in four major restructuring and bankruptcy cases: A Delaware bankruptcy court issues a mixed ruling on Yellow Corporation’s $1.44 billion pension settlements , approving agreements with thirteen plans while rejecting three that deviated from a standardized valuation methodology or included excessive damages, allowing approved settlements to proceed as litigatio...

This episode covers key developments in four major restructuring and bankruptcy cases: The Uncle Nearest whiskey company’s Chapter 11 cases are dismissed just two days after filing , with the court ruling that a court-appointed receiver—already in place from prior litigation—held exclusive authority to commence bankruptcy, underscoring the limits of debtor control in receivership scenarios. The LY...

This episode covers key developments in four major restructuring and bankruptcy cases: A Puerto Rico bankruptcy court rules that the automatic stay does not block a regulator’s enforcement action against The Phoenix Fund, holding that the island’s financial regulator may continue liquidation proceedings under the police power exception , and recognizing the court-appointed receiver—not prior manag...

This episode covers key developments in four major restructuring and bankruptcy cases: Cumulus Media , operator of 394 radio stations nationwide, files a prepackaged Chapter 11 in Houston with a deal to eliminate approximately $592 million in debt , reduce annual interest expense by nearly $49 million , and hand 95% of the reorganized equity to secured lenders. The filing marks the broadcaster’s s...

This episode covers key developments in four major restructuring and bankruptcy cases: Hawthorne Race Course , North America’s oldest family-owned racetrack, files for Chapter 11 in Illinois while pursuing a Section 363 sale of substantially all assets. The filing follows frozen bank accounts, the loss of a key sportsbook partner, and a sharp drop in wagering deposits, with the company securing $1...

This episode covers key developments in four major restructuring and bankruptcy cases: Avenger Flight Group , a global aviation simulator and flight training provider, files for Chapter 11 in Delaware with approximately $273 million in secured debt , backed by $43.5 million in DIP financing from prepetition lenders who will serve as stalking horse bidders in a credit bid sale process. The filing f...

This episode covers key developments in six major restructuring and bankruptcy cases: Nine Energy Service files a prepackaged Chapter 11 with support from more than 70% of its senior secured noteholders, seeking to eliminate $319 million in secured debt through a full debt-for-equity conversion while preserving approximately 1,100 jobs and targeting a rapid 31-day exit from bankruptcy. Bitcoin min...

This episode covers key developments in five major restructuring and bankruptcy cases: Multi-Color Corporation files a prepackaged Chapter 11 plan to eliminate $3.9 billion in debt , backed by its private equity sponsor and a supermajority of first-lien lenders, while securing $889 million in new funding and paying general unsecured creditors in full. An Arizona luxury resort developer , F-Star So...

This episode covers key developments in four major restructuring and bankruptcy cases: Tonopah Solar Energy files for Chapter 11 for the second time in six years, seeking $10 million in DIP financing from an affiliate lender as persistent technical failures cut output at its pioneering molten-salt solar facility and a broad marketing process fails to produce a stalking horse bidder. The Franciscan...

This episode covers key developments in four major restructuring and bankruptcy cases: A federal bankruptcy appeals panel affirms dismissal of Reno City Center Owner LLC’s Chapter 11 case , clearing the way for a $42 million refinancing outside of bankruptcy after rejecting arguments that the dismissal improperly favored certain creditors over others. The Chapter 11 trustee for Beverly Community H...

This episode covers key developments in four major restructuring and bankruptcy cases: Hearthside Food Solutions faces a pivotal Texas court ruling that sharply limits post-confirmation bankruptcy jurisdiction , with the court holding it lacks authority to enforce post-confirmation contractual obligations that do not affect plan implementation—while leaving the door open for fraud claims tied to t...

This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business.  Luminar Technologies proposes a $110 million...

This episode covers key developments in four major restructuring and bankruptcy cases: Bravo Brio Restaurants details a reorganization plan that would transfer ownership of its 48 Italian dining locations to senior lender GPEE, providing unsecured creditors with a $750,000 distribution from the sale of a New Jersey liquor license—the only recovery available compared to a zero-return Chapter 7 outc...

This episode covers key developments in five major restructuring and bankruptcy cases: Spirit Airlines seeks court approval for a $140 million engine settlement with International Aero Engines to resolve disputes stemming from the Pratt & Whitney engine crisis that grounded much of its fleet. The agreement includes engine credits, replacement leases, and new purchase commitments as the airline...