Bankruptcy & Restructuring News & Analysis — Conductor
Court Appoints Chapter 11 Trustee for Crypto Lender SmartFi, Denies Debtor's Bid to Convert to Chapter 7
A Utah bankruptcy court appointed a Chapter 11 Trustee for crypto lender SmartFi and denied the debtor's motion to convert to Chapter 7, finding that remaining in Chapter 11 with independent trustee oversight best serves approximately $200 million in unsecured creditor claims
Court Approves Examiner With Broad Investigative Mandate in RAD Diversified REIT Chapter 11 Cases
A federal bankruptcy court in Tampa has ordered the appointment of a Chapter 11 examiner with a broad investigative mandate in the RAD Diversified REIT cases, with Maria M. Yip of Yip Associates selected to trace investor fund flows, prepetition asset transfers, and potential causes of action tied to former management
Uncle Nearest Chapter 11 Cases Dismissed Two Days After Filing
The Chapter 11 bankruptcy cases of Uncle Nearest, Inc. and affiliated entities were dismissed just two days after filing when the court ruled that the company's CEO lacked authority to commence bankruptcy proceedings under a prior federal receivership order that vested exclusive decision-making power in a court-appointed receiver
BlockFills Parent Files Chapter 11 in Delaware, Proposes Customer-Led Reorganization into NewCo
BlockFills parent Reliz Technology Group Holdings Inc. filed for Chapter 11 in Delaware on March 15, 2026, reporting approximately $145 million in unsecured debt and a customer-led reorganization plan that would create a new operating entity and liquidating trust for the benefit of creditors
LYCRA Company Files Prepackaged Chapter 11 to Eliminate $1.2 Billion in Debt
The LYCRA Company LLC filed for prepackaged Chapter 11 protection on March 17, 2026, backed by an RSA with holders of more than two-thirds of claims in each debt class, seeking to eliminate approximately $1.2 billion in funded debt and emerge from court proceedings within 75 days