Bankruptcy & Restructuring News & Analysis

Ascend Performance Materials Holdings has requested bankruptcy court approval for a $2 million executive incentive plan covering 11 key leaders during its Chapter 11 restructuring. The performance-based plan ties payments to achieving ambitious operational EBITDA targets, representing an 18% improvement over previous year's results, and has gained support from the company's major lenders

Dynamic Aerostructures LLC has filed a motion to dismiss its Chapter 11 bankruptcy cases following the April sale of substantially all assets to FMI Holdco LLC. The aerospace manufacturer argues dismissal is more efficient than Chapter 7 conversion as no unencumbered assets remain for unsecured creditors, with the Delaware bankruptcy court scheduled to hear the motion on June 10