Bankruptcy & Restructuring News & Analysis — Conductor

BlockFills parent Reliz Technology Group Holdings Inc. filed for Chapter 11 in Delaware on March 15, 2026, reporting approximately $145 million in unsecured debt and a customer-led reorganization plan that would create a new operating entity and liquidating trust for the benefit of creditors

The LYCRA Company LLC filed for prepackaged Chapter 11 protection on March 17, 2026, backed by an RSA with holders of more than two-thirds of claims in each debt class, seeking to eliminate approximately $1.2 billion in funded debt and emerge from court proceedings within 75 days

FAT Brands Inc. has filed an emergency motion seeking approval for a $76.9 million dual-tranche debtor-in-possession financing facility to be provided by certain prepetition noteholders, paired with a mediated governance agreement and an asset sale process with a closing milestone of May 4, 2026

A federal bankruptcy court ruled that 81 New Orleans Archdiocese abuse survivors lack standing under Section 1109(b) to contest attorneys' fee applications, finding that the confirmed plan's fixed $230 million settlement trust structure means any reduction in professional fees would not flow to abuse claimants

Razzoo’s, Inc., the Texas-based Cajun casual dining chain founded in 1991, filed a Chapter 11 liquidation plan on March 11, 2026, proposing to distribute remaining estate assets through the Cajun Café Liquidating Trust after selling 11 restaurant locations to ThirtyThree97 LLC for approximately $18.8 million, with general unsecured creditors projected to recover between 5.5% and 6.8% of their claims