Bankruptcy & Restructuring News & Analysis — Conductor

The Delaware Bankruptcy Court has approved Tupperware Brands' plan to modify retiree benefits as part of its Chapter 11 liquidation process. The court ordered the establishment of a $275,000 settlement fund to provide health benefits to approximately 230 retirees until the funds are depleted, following the iconic food storage container maker's sale of substantially all assets in November 2024

Bitcoin miner Rhodium Encore seeks two-week extension of exclusivity periods following major settlement that secured full creditor recovery and $90M for equity holders. The brief delay aims to facilitate ongoing mediation among stakeholders fighting over the equity distribution

Once a major healthcare operator with 31 hospitals and nearly 30,000 employees, Steward Health Care now seeks to exit bankruptcy through a $125 million litigation-funded liquidation plan. After selling its hospitals, the company aims to recover billions through lawsuits related to insurance claims, commercial payor disputes, and potential insider actions

Publishers Clearing House has filed a motion seeking bankruptcy court approval to auction its assets following its Chapter 11 filing. The sweepstakes company has proposed a June auction process with a July closing date, while requesting special protection for customer data through appointment of a privacy ombudsman.

Avon Products' bankruptcy estate has proposed a liquidation plan that would establish a $14 million fund for general creditors while creating a separate recovery mechanism for talc injury claims. The plan gives general creditors a unique choice between taking a more certain cash payment now or pursuing potentially higher but riskier recoveries alongside talc claimants from insurance proceeds and litigation