Bankruptcy & Restructuring News & Analysis — Conductor

Mosaic Sustainable Finance Corporation, a pioneering residential solar financing company, has filed Chapter 11 bankruptcy in Texas with a dual-path restructuring plan. The Oakland-based firm proposes either converting debt to equity or selling its assets as it faces challenges from unfavorable market conditions and political uncertainty around solar tax credits

The United States Bankruptcy Court has approved the $7.1 million sale of Publishers Clearing House to ARB Interactive, marking a new chapter for the iconic sweepstakes company. The deal includes special provisions to protect consumer privacy data and potential employment opportunities for current PCH employees

FTX Recovery Trust has moved to reduce its disputed claims reserve by $1.93 billion after reconciling $8.3 billion in claims from the cryptocurrency exchange's bankruptcy. The proposed reduction to $4.599 billion maintains conservative reserves while potentially freeing up significant assets for creditor distributions

A bankruptcy court has approved the sale of genetic-testing company 23andMe to a non-profit founded by its co-founder Anne Wojcicki for $305 million, despite privacy objections from five states. The innovative transaction structure allows for the transfer of genetic data from 13 million customers without requiring individual consent, while maintaining existing privacy protections

The parent company of CareerBuilder and Monster.com has filed for Chapter 11 bankruptcy protection while securing $35.5 million in stalking horse bids for its three business segments. The expedited sale process is expected to conclude by late July, with the goal of preserving hundreds of jobs across the company's job board, media, and government services divisions