Bankruptcy & Restructuring News & Analysis
Paragon Industries Seeks Court Approval for Asset Sale Auction in Oklahoma Bankruptcy
The proposed sale represents part of a broader liquidating plan pursuant to an existing Plan Support Agreement
Claire's Holdings Seeks Confirmation of Chapter 11 Plan After Successful Going-Concern Sale
Claire's seeks bankruptcy court approval of its Chapter 11 plan after successfully pivoting from a planned full-chain liquidation to a going-concern sale that preserved over 800 stores and thousands of jobs
Lodging Enterprises Proposes Liquidation Plan Following $91 Million Credit Bid by Secured Lenders
The plan estimates a 100% recovery for general unsecured creditors through a settlement with lenders—significantly better than the zero recovery projected in a Chapter 7 liquidation
SilverRock Development Argues 99-Year Ground Lease is Financing Device, Not True Lease, in Dispute Over Asset Sale
SilverRock Development Company and affiliated debtors filed a supplemental brief arguing that a disputed 99-year ground lease with $1 annual rent is a "financing device," not a true lease, and should not prevent their bankruptcy asset sale to Turnbridge
RunItOneTime LLC Seeks Court Approval for $1 Million Employee Retention Plan in Chapter 11 Bankruptcy
The gaming and entertainment company, which operates casinos, card rooms, and hotels across Washington, Nevada, and Colorado, argues the retention bonuses are essential to preventing employee attrition during its Chapter 11 restructuring and ongoing sale process