Bankruptcy & Restructuring News & Analysis

Bankruptcy & Restructuring News Headlines for Tuesday Jan 14, 2025

January 14, 2025

Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Tuesday Jan 14, 2025.

Prospect Medical Holdings Files Chapter 11, Citing COVID-19 Impact and Pension Obligations

January 14, 2025 • Conductor

Healthcare provider Prospect Medical Holdings has filed for Chapter 11 bankruptcy protection, citing COVID-19 impacts and pension obligations. The operator of 16 hospitals across four states has secured $100 million in DIP financing and plans to sell its PhysicianCo division for $745 million as part of its restructuring efforts.

Bankruptcy & Restructuring News Headlines for Monday Jan 13, 2025

January 13, 2025

Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Monday Jan 13, 2025.

Roman Catholic Archdiocese of Baltimore Seeks Exclusivity Extension in Chapter 11 Bankruptcy Case

January 12, 2025 • Conductor

The Roman Catholic Archbishop of Baltimore has requested additional time to file its Chapter 11 reorganization plan, seeking a 69-day extension amid ongoing negotiations with insurers and complex claim reviews. The motion, filed January 9, 2025, would extend the plan filing deadline to March 31, 2025, as the archdiocese works toward a comprehensive resolution of abuse-related claims.

Diocese of Rochester Files Modified Joint Chapter 11 Plan, Offering $126.35M Settlement Fund

January 12, 2025 • Conductor

The Diocese of Rochester has filed a modified Chapter 11 plan proposing a $126.35 million settlement fund for abuse survivors, with potential to increase to $297.35 million if insurer CNA agrees to contribute. The plan includes $55 million from the diocese and other Catholic entities, plus $71.35 million from insurance settlements.