Bankruptcy & Restructuring News & Analysis — Conductor

Prospect Medical Holdings has filed its Chapter 11 liquidation plan in Texas bankruptcy court, outlining how it will distribute proceeds from hospital sales after closing its Pennsylvania facilities. Creditors must vote by July 31, with a confirmation hearing set for August 7, 2025

Medical equipment company Jordan Health Products has filed to convert its bankruptcy case to Chapter 7 liquidation after selling all its assets and exhausting available funding. The Delaware bankruptcy court will consider the motion on June 25, with the company citing an inability to confirm a reorganization plan

North America's only wood fiber insulation producer, GO Lab, is seeking court approval to dissolve five non-operating subsidiaries as part of its Chapter 11 bankruptcy restructuring. The Maine-based sustainable building materials company filed the motion to streamline operations and reduce costs as it works toward emergence from bankruptcy

Purdue Pharma has revised its bankruptcy plan to increase the Sackler family payment to $7 billion and make third-party releases voluntary following a Supreme Court ruling. The new plan creates innovative mechanisms to handle claims from creditors who opt out of the settlement while preserving the overall framework to address opioid-related damages

Former food distribution giant Harvest Sherwood Food Distributors seeks court approval for streamlined procedures to sell remaining assets as it winds down operations in bankruptcy. The motion would allow the company to sell assets valued up to $1 million without individual court approval, facilitating an efficient liquidation process