Bankruptcy & Restructuring News & Analysis

AIO US Inc. and its debtor affiliates have filed a motion seeking approval of their disclosure statement and voting procedures for their Chapter 11 liquidation plan in Delaware Bankruptcy Court. Following a settlement with Natura and sale of substantially all assets, the debtors are proposing key confirmation dates with a potential confirmation hearing around May 22, 2025.

Heart of the Valley YMCA has filed an amended disclosure statement in its Chapter 11 case, outlining a plan to address $19.4 million in liabilities while continuing operations. The nonprofit proposes to pay all creditors in full, including restructuring secured claims with Redstone Federal Credit Union and the SBA. The organization, which serves over 26,000 members, recently sold its Camp Cha-La-Kee property for $2.35 million to strengthen its financial position as it works toward recovery after facing declining membership since the pandemic.