Bankruptcy & Restructuring News & Analysis — Conductor
Avenger Flight Group, Aviation Simulator Provider to Major Airlines, Files Chapter 11 to Pursue Sale of Assets
Avenger Flight Group, a commercial aviation simulator provider operating 50 full-flight simulators across four countries, filed for Chapter 11 in Delaware with $273 million in secured debt, seeking to sell its assets through a stalking-horse-backed process supported by $43.5 million in DIP financing
Barrow Shaver Resources Company Proposes Chapter 11 Liquidation Plan, Transferring All Estate Assets to Liquidation Trust
Barrow Shaver Resources Company, LLC filed a Chapter 11 Plan of Liquidation proposing to transfer all estate property to a Liquidation Trust funded primarily from proceeds of asset sales to TexOil Investments, LLC
Unsuccessful Bidder Challenges $95 Million Bankruptcy Auction, Offers $107 Million for Miami Holiday Inn Property
An unsuccessful bidder in the BH Downtown Miami bankruptcy has filed an expedited motion seeking court approval to purchase the Holiday Inn property at 340 Biscayne Boulevard in Miami for $107 million, $12 million above the winning auction bid
Carbon Health Technologies Files Motion for Approval of $2.79 Million in Employee Incentive and Retention Programs
Carbon Health Technologies files motion seeking court approval for $2.79 million in employee incentive and retention programs covering 43 key employees as the company pursues reorganization or an expedited sale in its Chapter 11 case
Carbon Health Technologies Files Chapter 11 with Dual-Track Restructuring Plan for Nationwide Healthcare Network
Carbon Health Technologies and affiliates filed Chapter 11 bankruptcy to pursue a dual-track restructuring featuring both a debt-for-equity reorganization plan and an asset sale process for their nationwide network of 93 healthcare clinics