Bankruptcy & Restructuring News & Analysis

Claire's Holdings LLC filed a disclosure statement seeking creditor approval for a $140 million going-concern sale that would preserve up to 975 stores and thousands of jobs. The transaction with AWS Claire's, LLC represents a successful pivot from complete liquidation to a strategic sale preserving the majority of operations

ModivCare Inc., a major healthcare transportation provider serving millions across 48 states, filed for Chapter 11 bankruptcy with a plan to reduce its $1.4 billion debt load by approximately $1.1 billion. The pre-arranged restructuring has strong creditor support and aims to preserve essential services for vulnerable Medicaid and Medicare populations

NLC Energy Denmark seeks to restructure massive obligations while disputing $63M liquidated damages claim from University of California

Lion Ribbon Texas Corp. has filed an emergency motion seeking court approval for procedures allowing 14 major retailers to access holiday merchandise containing licensed intellectual property. The bankruptcy case involves complex trademark relationships as the craft supplier navigates Chapter 11 proceedings while trying to preserve critical retailer relationships ahead of the holiday selling season

Hooters of America and its affiliates filed a comprehensive legal memorandum seeking court confirmation of their Chapter 11 reorganization plan, which has received overwhelming creditor support across all voting classes. The plan restructures over $350 million in debt while preserving jobs and enabling the sale of 103 company-owned restaurants, though the company faces limited opposition over disputed royalty rights