Bankruptcy & Restructuring News & Analysis

Rite Aid has filed a comprehensive liquidation plan in its second bankruptcy case within two years, proposing to transfer remaining assets to supplier McKesson while winding down retail operations. The plan follows extensive asset sales that have generated over $160 million in proceeds for creditors

Delaware bankruptcy judge conditionally approved Avon's talc liability plan despite insurance disputes, requiring revisions to ensure neutrality while rejecting a controversial gatekeeping provision. The plan received overwhelming creditor support with 100% of voting talc claimants accepting the proposal

Claire's Holdings LLC filed a disclosure statement seeking creditor approval for a $140 million going-concern sale that would preserve up to 975 stores and thousands of jobs. The transaction with AWS Claire's, LLC represents a successful pivot from complete liquidation to a strategic sale preserving the majority of operations

ModivCare Inc., a major healthcare transportation provider serving millions across 48 states, filed for Chapter 11 bankruptcy with a plan to reduce its $1.4 billion debt load by approximately $1.1 billion. The pre-arranged restructuring has strong creditor support and aims to preserve essential services for vulnerable Medicaid and Medicare populations

NLC Energy Denmark seeks to restructure massive obligations while disputing $63M liquidated damages claim from University of California