Bankruptcy & Restructuring News & Analysis — Conductor

An Alaska-based seafood processing group has filed an amended Chapter 11 plan to fully repay creditors through strategic asset sales. The plan follows business disruptions from Russian sanctions and salmon market declines, with major asset liquidations aimed at satisfying $27 million in claims.

A Chapter 11 trustee for Greeley Flats has requested court approval to dismiss the bankruptcy case after completing an $18 million sale of assets to Fannie Mae. The motion argues that dismissal, rather than conversion to Chapter 7, best serves creditors' interests as no assets remain to reorganize and administrative expenses continue to accrue.

Forever 21's newly filed disclosure statement reveals the detailed liquidation plan for its 354 U.S. stores, showing financial losses exceeding $400 million over three years. The document outlines creditor recovery scenarios and confirms store closings will be completed by May 1, with an expedited bankruptcy timeline targeting plan confirmation by mid-June

Lodging Enterprises' planned sale of 40 hotels and 27 restaurants through bankruptcy proceedings highlights continued challenges in the hospitality sector. The comprehensive sale process, scheduled over six months with potential auction in August 2025, demonstrates strategic asset management aimed at maximizing recovery for creditors.

Yellow Corporation's joint bankruptcy plan would settle billions in disputed pension claims, providing unsecured creditors with 12-16% recovery and establishing a liquidating trust to distribute remaining assets after successfully selling properties for $1.88 billion and repaying all secured debt