Bankruptcy & Restructuring News & Analysis

NLC Energy Denmark seeks to restructure massive obligations while disputing $63M liquidated damages claim from University of California

Lion Ribbon Texas Corp. has filed an emergency motion seeking court approval for procedures allowing 14 major retailers to access holiday merchandise containing licensed intellectual property. The bankruptcy case involves complex trademark relationships as the craft supplier navigates Chapter 11 proceedings while trying to preserve critical retailer relationships ahead of the holiday selling season

Hooters of America and its affiliates filed a comprehensive legal memorandum seeking court confirmation of their Chapter 11 reorganization plan, which has received overwhelming creditor support across all voting classes. The plan restructures over $350 million in debt while preserving jobs and enabling the sale of 103 company-owned restaurants, though the company faces limited opposition over disputed royalty rights

Bertucci's Restaurants filed a disclosure statement outlining its Chapter 11 reorganization plan, which would allow the Italian restaurant chain to emerge from bankruptcy with a fast-casual expansion strategy. Unsecured creditors face limited recovery through the sale of a New Jersey liquor license, with distributions capped at $200,000 despite claims totaling $2.5 million

Wind-down entities from a former Arizona paper manufacturer seek court approval to sell $7.2 million in employee retention credits for $6.1 million. The sale represents the final asset monetization following the successful sale of the main business operations to Sofidel America Corp. earlier this year