Bankruptcy & Restructuring News & Analysis

Idaho bankruptcy judge Noah G. Hillen has ruled on competing disclosure statements in the Millenkamp Cattle reorganization case, requiring additional disclosures about potential $100 million in rejection damages claims and other issues. The ruling advances the complex agricultural bankruptcy case toward creditor voting on competing reorganization plans proposed by the Debtors and creditor Rabo AgriFinance

The world's oldest latex balloon manufacturer, Continental American Corporation, has filed a liquidation plan in Kansas bankruptcy court after selling its multinational operations last year. The plan establishes a Liquidating Trust to pursue remaining legal claims and distribute proceeds to creditors, with a confirmation hearing scheduled for June 12, 2025

A bankruptcy trustee for Kelham Vineyard & Winery has proposed selling the remaining assets to family insiders for $1.2 million to resolve extensive litigation in this Napa Valley winery's bankruptcy case. The deal includes $400,000 cash plus claim releases, subject to a June auction where overbidders must start at $1.3 million with significant indemnification requirements

A bankruptcy trustee for Kelham Vineyard & Winery has proposed selling the remaining assets to family insiders for $1.2 million to resolve extensive litigation in this Napa Valley winery's bankruptcy case. The deal includes $400,000 cash plus claim releases, subject to a June auction where overbidders must start at $1.3 million with significant indemnification requirements