Bankruptcy & Restructuring News & Analysis — Conductor

Bankrupt retailer Conn's has filed an emergency motion to pay certain vendors 30 cents on the dollar for goods received shortly before its bankruptcy filing. The company warns that without court approval of this plan, it cannot guarantee any payments to these vendors or confirm a liquidation plan

A major creditor of Brightmark's plastic recycling venture is seeking to dismiss the company's Chapter 11 bankruptcy, claiming it was filed in bad faith solely to prevent bondholders from exercising their rights. UMB Bank, representing $185 million in green bond investors, argues the case is merely a two-party dispute with no legitimate reorganization purpose

23andMe has filed a statement with the bankruptcy court affirming its commitment to protect customer genetic data throughout its Chapter 11 proceedings. The company addressed technical issues preventing account deletions and assured customers that any future sale would require the buyer to maintain existing privacy policies

A federal bankruptcy judge prioritized patient safety and community healthcare access in denying two banks' requests to stay portions of a hospital financing order. The ruling in the Jackson Hospital bankruptcy case preserves controversial provisions that reserve funds for critical operations ahead of secured lenders' claims

A federal bankruptcy judge has ruled that two sexual abuse cases against the Roman Catholic Archbishop of San Francisco can proceed to trial despite the archdiocese's Chapter 11 bankruptcy protection, though the relief from automatic stay will be delayed until June 30, 2025. Judge Dennis Montali emphasized that the plaintiffs are "aging survivors of clergy abuse, not data points" and determined that allowing the trials could help facilitate a global settlement of hundreds of similar claims