Bankruptcy & Restructuring News & Analysis — Conductor

A Delaware bankruptcy judge signaled intentions to rule on disputed pension claims in Yellow Corporation's bankruptcy despite ongoing settlement negotiations. Judge Goldblatt's detailed letter indicates recent Supreme Court decisions may require courts to prioritize creditor objection rights over settlement approvals, potentially reshaping bankruptcy practice regarding contested claims.

Mondee Holdings has filed to convert its Chapter 11 bankruptcy to Chapter 7 liquidation after selling its assets to DIP lenders. Despite preserving 1,000+ jobs through the sale, the travel tech company lacks funds to cover $1 million in administrative tax liabilities, highlighting the complex challenges in corporate restructuring outcomes.

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