Bankruptcy & Restructuring News & Analysis — Conductor

After exhausting every path to continued operations, the Debtors have ceased flying and now seek court approval of bidding procedures to sell their LaGuardia slots, corporate campus, loyalty program, and operating equipment through a multi-track auction this summer

A global specialty chemical maker enters Chapter 11 with 78% creditor support and a plan to shed roughly $2.0 billion in debt

The largest operator of Bitcoin ATMs in North America entered chapter 11 with every kiosk offline, roughly $15.8 million in funded debt, and a plan to monetize substantially all of its assets through an orderly sale

The marine retailer enters bankruptcy with a plan that can resolve two ways, a balance sheet it intends to deleverage by more than $300 million, and almost no margin for delay

A Houston bankruptcy court held that consulting agreements conveying overriding royalty interests to two former geologist-consultants failed the Texas statute of frauds for want of a property description, yet satisfied the statute of conveyances, retained equitable interests outside the estate, and resisted avoidance of roughly $1.6 million in production revenues