Bankruptcy & Restructuring News & Analysis — Conductor
Franchise Group Files Disclosure Statement in Delaware Bankruptcy, Details Restructuring Plan
Franchise Group, Inc., operator of retail brands including The Vitamin Shoppe and Pet Supplies Plus, has filed its disclosure statement detailing plans to restructure nearly $2 billion in debt through its Chapter 11 bankruptcy process. The company's comprehensive plan includes potential debt-to-equity conversions and strategic asset sales as it navigates challenging retail market conditions.
Millenkamp Cattle Inc. Files Second Amended Disclosure Statement in Idaho Bankruptcy Court
One of Idaho's largest dairy operations, Millenkamp Cattle Inc., has filed its Second Amended Disclosure Statement outlining plans to restructure over $270 million in secured debt through property sales and refinancing while maintaining operations that produce 2 million pounds of milk daily.
Margaritaville Times Square Hotel Operator Files Chapter 11 Plan, Seeks $140M Loan Extension
The operator of Margaritaville Resort Times Square has filed its amended Chapter 11 plan, proposing to extend $140 million in secured debt and settle major creditor claims. The plan, backed by the hotel's new owner with over $30 million in contributions, aims to preserve the property's REIT structure while providing meaningful recoveries to creditors.
Nevada Copper Files Disclosure Statement and Liquidation Plan in Nevada Bankruptcy Court
Nevada Copper Inc. has filed its disclosure statement and liquidation plan in Nevada bankruptcy court, detailing the proposed distribution of $125 million in sale proceeds and establishing a cash pool for unsecured creditors through a plan support agreement with major creditors. The plan follows the October 2024 sale of the company's assets to Southwest Critical Materials LLC.