Bankruptcy & Restructuring News & Analysis — Conductor

Ascend Performance Materials Holdings has requested bankruptcy court approval for a $2 million executive incentive plan covering 11 key leaders during its Chapter 11 restructuring. The performance-based plan ties payments to achieving ambitious operational EBITDA targets, representing an 18% improvement over previous year's results, and has gained support from the company's major lenders

Dynamic Aerostructures LLC has filed a motion to dismiss its Chapter 11 bankruptcy cases following the April sale of substantially all assets to FMI Holdco LLC. The aerospace manufacturer argues dismissal is more efficient than Chapter 7 conversion as no unencumbered assets remain for unsecured creditors, with the Delaware bankruptcy court scheduled to hear the motion on June 10

JOANN Inc., the once-dominant fabric and craft retailer, is liquidating its assets after filing its second bankruptcy in less than a year. The company's disclosure statement reveals how inventory challenges and vendor issues caused its post-emergence business plan to collapse just months after its April 2024 exit from an earlier Chapter 11 case

Rite Aid has designated 68 additional stores for closure as part of its Chapter 11 bankruptcy proceedings, expanding its previously announced store closing plans. The pharmacy retailer, which filed for bankruptcy on May 5, 2025, is working with liquidation specialists SB360 and Hilco to manage the store closings across Pennsylvania, California, and several other states

Hooters files restructuring plan to sell 103 restaurants and shift to a franchise-only model, aiming to reduce $376 million in debt while preserving its iconic brand. The plan has support from 94% of securitization noteholders with a bankruptcy court hearing scheduled for July 1, 2025