Bankruptcy & Restructuring News & Analysis

Lion Ribbon Texas Corp. has filed a motion seeking approval for bidding procedures to sell four business segments while liquidating a fifth, as part of its Chapter 11 bankruptcy strategy. The company designs and manufactures consumer crafting and gifting products and aims to maximize value through the dual-track approach

After five years in bankruptcy, the Archdiocese of New Orleans has proposed a $210+ million settlement plan to compensate clergy abuse victims. The joint plan includes comprehensive monetary payments, litigation options against non-settling insurers, and enhanced child protection measures, with payments expected to begin in early 2026

SilverRock Development seeks bankruptcy court approval to auction its 134-acre "Talus" resort project in La Quinta, California, with bidding to start at $63 million. The auction represents a strategic pivot from a sealed bid process to maximize value, with the City of La Quinta maintaining final approval rights over any transaction

After successfully selling their assets, CTN Holdings and its affiliates have requested conversion to Chapter 7 liquidation as required by a previous settlement agreement. The Delaware bankruptcy court will consider this motion on August 4, with particular focus on a transition services agreement designed to facilitate the handover to a Chapter 7 trustee who will administer remaining assets for creditors' benefit

SC Healthcare seeks court approval to dismiss bankruptcy proceedings for 16 healthcare facilities that have been operating under court-appointed receivership for over a year. The facilities' operations are already managed outside the bankruptcy process, making their continued inclusion in the Chapter 11 cases unnecessary for creditors or the estates