Bankruptcy & Restructuring News & Analysis — Conductor

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

A rural northern New York not-for-profit health system asks the bankruptcy court to approve below-market priming financing from the State Dormitory Authority, repaying a state bridge loan and funding operations while it negotiates a restructuring partner

ACRE CFPortfolio LLC argues that a Central Florida real estate holding company filed Chapter 11 to derail a UCC Article 9 sale that drew no qualifying third-party bidder across an 8,000-prospect marketing process