Bankruptcy & Restructuring News & Analysis — Conductor
USG Corp Fights Ohio's $16.77 Million Claim in Bankruptcy Court, Citing 2006 Discharge
Company argues state's subsidence-related lawsuit violates nearly 20-year-old Chapter 11 plan that released all pre-confirmation claims
Connecticut Luxury Apartment Complex Seeks Court Approval for $62 Million Sale in Bankruptcy
Connecticut luxury apartment complex seeks bankruptcy court approval for $62 million sale through competitive auction process. The Newtown property owner filed for Chapter 11 protection after COVID-related construction delays led to financial distress and foreclosure proceedings
Charter School Lender Old School Inc. Proposes Liquidation Plan with Minimal Equity Recovery
Charter school financing company Old School Inc. filed a liquidation plan offering preferred shareholders just 0-7% recovery on $58 million while paying general creditors in full. The company's receivables financing business collapsed from $300 million annually to $32.6 million after COVID-19 relief eliminated demand for private charter school financing.
The Best of the Rest - More Pleadings Worth Reading from the Week of September 15-22, 2025
Details of four additional pleadings filed last week that caught our attention, with links to view the pleading including a copy of our new AI-powered summary attached.
Oakland Diocese Seeks to Dismiss Own Bankruptcy After $29 Million in Losses, Failed Settlement Talks
The Roman Catholic Bishop of Oakland filed a motion to dismiss its own Chapter 11 bankruptcy after suffering $29 million in losses and failing to reach settlement with sexual abuse survivors. The diocese's $165 million final offer would exceed all comparable diocesan bankruptcy recoveries but was rejected by 99% of abuse claimants