Bankruptcy & Restructuring News & Analysis

Once a major healthcare operator with 31 hospitals and nearly 30,000 employees, Steward Health Care now seeks to exit bankruptcy through a $125 million litigation-funded liquidation plan. After selling its hospitals, the company aims to recover billions through lawsuits related to insurance claims, commercial payor disputes, and potential insider actions

Publishers Clearing House has filed a motion seeking bankruptcy court approval to auction its assets following its Chapter 11 filing. The sweepstakes company has proposed a June auction process with a July closing date, while requesting special protection for customer data through appointment of a privacy ombudsman.

Avon Products' bankruptcy estate has proposed a liquidation plan that would establish a $14 million fund for general creditors while creating a separate recovery mechanism for talc injury claims. The plan gives general creditors a unique choice between taking a more certain cash payment now or pursuing potentially higher but riskier recoveries alongside talc claimants from insurance proceeds and litigation