Bankruptcy & Restructuring News & Analysis

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