Bankruptcy & Restructuring News & Analysis — Conductor

SilverRock Development seeks bankruptcy court approval to auction its 134-acre "Talus" resort project in La Quinta, California, with bidding to start at $63 million. The auction represents a strategic pivot from a sealed bid process to maximize value, with the City of La Quinta maintaining final approval rights over any transaction

After successfully selling their assets, CTN Holdings and its affiliates have requested conversion to Chapter 7 liquidation as required by a previous settlement agreement. The Delaware bankruptcy court will consider this motion on August 4, with particular focus on a transition services agreement designed to facilitate the handover to a Chapter 7 trustee who will administer remaining assets for creditors' benefit

SC Healthcare seeks court approval to dismiss bankruptcy proceedings for 16 healthcare facilities that have been operating under court-appointed receivership for over a year. The facilities' operations are already managed outside the bankruptcy process, making their continued inclusion in the Chapter 11 cases unnecessary for creditors or the estates

Flagship Resort Development Corporation, operator of three timeshare resorts in the Atlantic City area, has filed a liquidation plan in its Chapter 11 case proposing to sell assets to a company owned by former executives. The bankruptcy court will consider the plan at a hearing on August 13, 2025

Texas-based broadcaster Merit Street Media has filed for Chapter 11 bankruptcy and is seeking court approval to auction its assets, including its video library featuring "Dr. Phil Primetime" and litigation claims against Trinity Broadcast Network and Professional Bull Riders. The young media company, launched just last year, hopes to complete the sale process by late September 2025