Bankruptcy & Restructuring News & Analysis — Conductor

The Roman Catholic Diocese of Oakland has proposed a $143.5 million plan to settle sexual abuse claims while selling significant church properties. The plan offers survivors multiple compensation options but faces opposition from the creditors' committee representing abuse victims

Utah bankruptcy court approves procedures for creditor voting on Vobev LLC's liquidation plan, establishing an April 18 deadline for votes and an April 23 confirmation hearing. The procedural order outlines a process that will determine the fate of the company's Chapter 11 case, with creditors potentially facing recoveries of less than 1%

Burgess BioPower's reorganization plan proposes converting $145 million in debt to equity, with lenders taking 100% control of the business. The plan offers full recovery for secured and priority claims, less than 1% for senior noteholders, and no recovery for general unsecured creditors and subordinated noteholders, reflecting the challenging financial position of this New Hampshire biomass plant

Mondee Holdings is seeking to convert its Chapter 11 bankruptcy to Chapter 7 liquidation after securing a buyer that will preserve over 1,000 jobs. The travel technology company cited inability to fund post-sale administrative expenses, including a $1 million tax liability, despite having previously solicited votes on a reorganization plan

First Citizens Bank has filed a complaint in bankruptcy court seeking declaration of ownership over Silicon Valley Bank's trademark portfolio following its 2023 acquisition of the failed bank. This dispute highlights the complex aftermath of one of the most significant bank failures in recent history, with both parties claiming ownership of valuable intellectual property assets