Bankruptcy & Restructuring News & Analysis — Conductor
Higher Ground Education Files Pre-Arranged Chapter 11 Plan After Losing Nearly 150 Schools to Foreclosures
Once the world's largest Montessori school operator with over 150 locations, Higher Ground Education has filed for Chapter 11 bankruptcy after foreclosures reduced its operations to just seven schools. The pre-arranged plan features 2HR Learning as plan sponsor, providing $8 million to fund the reorganization and offering recovery to unsecured creditors
Hooters Seeks Court Approval for $6 Million Break-Up Fee in Bankruptcy Sale Process
Hooters of America is seeking bankruptcy court approval for a $6 million break-up fee to protect potential buyers amid competing offers for 103 restaurant locations. The emergency motion reflects the complex restructuring of the iconic restaurant chain, which filed for Chapter 11 protection in March 2025
Party City Seeks Approval for Liquidation Plan in Second Bankruptcy Filing
Party City Holdco Inc. has filed for its second bankruptcy in just over a year, proposing a complete liquidation plan after failed turnaround efforts since emerging from Chapter 11 in October 2023. The iconic party retailer is seeking creditor approval for asset distributions while warning that administrative creditors must accept reduced payments for the plan to succeed
New Mexico Dairy Farm Bankruptcy Drags On for Nearly 8 Years as Trustee Seeks to Bar County's Late Tax Claim
A New Mexico dairy farm bankruptcy case from 2017 continues eight years later as the liquidating trustee argues Doña Ana County should be barred from pursuing a $322,832 tax claim due to unreasonable delay. The county systematically ignored bankruptcy notices for years, and the late claim has prevented final distributions to creditors while consuming estate resources in ongoing litigation
Wyoming Bank Holding Company Seeks Emergency Sale Amid Regulatory Pressure
Mode Eleven Bancorp has filed for Chapter 11 bankruptcy and is seeking emergency court approval for an expedited sale of Summit National Bank due to regulatory pressure and critically low capital ratios. The Wyoming-based bank holding company warns that its community bank could face closure within months without a quick sale to a well-capitalized buyer