Bankruptcy & Restructuring News & Analysis

Fluid Market Inc., operator of a peer-to-peer truck-sharing platform with nearly 5,500 vehicles, has requested conversion of its Delaware Chapter 11 case to Chapter 7 liquidation following a complex global settlement that resolved creditor disputes and enabled an asset sale to Kingbee Rentals. The settlement required detailed reconciliation of $3.9 million in segregated vehicle-related funds belonging to platform participants

The Official Committee of Unsecured Creditors of Flagship Resort Development Corporation has unanimously endorsed the company's liquidation plan following a comprehensive global settlement. The committee's support comes after extensive investigation and negotiations that resolved potential claims while establishing funding mechanisms for creditor distributions in the Atlantic City resort company's Chapter 11 bankruptcy case

The 2-1 decision in Bestwall LLC v. The Official Committee of Asbestos Claimants upholds a bankruptcy court's denial of a motion to dismiss the Chapter 11 case of Bestwall LLC, a company created through a "Texas two-step" divisional merger designed to isolate Georgia-Pacific's asbestos liabilities

RunItOneTime LLC, a casino operator with properties across Washington, Nevada, and Colorado, has filed for Chapter 11 bankruptcy protection and is now seeking court approval for procedures to sell its gaming assets. The company's proposed bidding process divides assets into three segments with an auction scheduled for September 19, while addressing potential conflicts with a former executive who intends to bid on certain properties

At Home Group Inc. has filed its proposed disclosure statement outlining a restructuring plan that would eliminate $1.62 billion in debt as the home décor retailer progresses through its Chapter 11 bankruptcy process that began in June