Bankruptcy & Restructuring News & Analysis — Conductor

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 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 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

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

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