Restructuring Report

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Stretto’s Restructuring Report is a podcast featuring notable stories curated by professionals, and powered by Stretto Intelligence. Join us each week for highlights, updates, and news impacting restructuring professionals.  Dig deeper into research and analysis online, using Research Suite by Stretto, now enhanced by AI to make it easier for professionals to find, review, and understand information that matters most.  Visit researchsuite.stretto.com to learn more.

  1. há 6 dias

    August 24, 2026 - Braskem Idesa, BFG Supply, TelePacific

    This episode covers key developments in three major restructuring and bankruptcy cases: Braskem Idesa, Mexico’s primary polyethylene supplier, files a prepackaged Chapter 11 in Houston with approximately $3.6 billion in debt, after years of declining ethane deliveries from Pemex dramatically increased production costs. Backed by approximately $409 million in DIP financing, the plan would eliminate more than $920 million in funded debt while leaving trade creditors unimpaired. BFG Supply, a national horticulture and garden products distributor, enters Chapter 11 after beginning an inventory liquidation 15 days before filing. With more than $340 million in funded debt, the company is pursuing three paths simultaneously—a going-concern sale, inventory liquidation, and real estate dispositions—supported by a proposed $55 million DIP revolver. And TelePacific pivots from a sale process to a Chapter 11 reorganization after an extensive marketing effort fails to produce a single qualified bid. The amended plan would reduce approximately $1.1 billion in funded debt to a $129 million reorganized capital structure, while first-lien lenders face recoveries of just 2% to 7% and general unsecured creditors are projected to recover between 3% and 11%. 💡 From petrochemical supply disruptions and prepetition liquidations to failed bankruptcy auctions, this episode explores how operational pressures, constrained sale markets, and aggressive balance-sheet restructurings are shaping the latest Chapter 11 cases. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  2. 17 de ago.

    August 17, 2026 - American Efficient, Genesis Healthcare

    This episode covers key developments in two major restructuring and bankruptcy cases: A creditor in the American Efficient bankruptcy seeks appointment of a Chapter 11 trustee or independent examiner, citing federal regulatory findings that an affiliate allegedly sold nearly two gigawatts of “fake capacity” and received roughly $500 million in capacity payments. The motion also raises concerns over insider transactions, affiliate-provided DIP financing, and the absence of a creditors’ committee. A Texas district court dismisses an appeal challenging Genesis Healthcare’s postpetition financing releases, holding that Section 364(e) prevents the court from disturbing provisions that were part of the lenders’ financing bargain when the underlying order was never stayed. The decision leaves the releases intact without deciding whether they were proper and weighs in on an unsettled question over the scope of appellate protections for bankruptcy financing orders. 💡 From allegations of energy-market misconduct and demands for independent oversight to appellate protections for DIP lenders, this episode examines how regulatory findings, insider relationships, and bankruptcy financing rules are shaping creditor rights in complex Chapter 11 cases. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  3. 10 de ago.

    August 10, 2026 - Archdiocese of Baltimore, Vi-Jon, Sleep Number

    This episode covers key developments in three major restructuring and bankruptcy cases: The Archdiocese of Baltimore sees both competing disclosure statements rejected, with the bankruptcy court finding that neither provides adequate information and that each describes a patently unconfirmable plan. The ruling highlights disputes over insurance trust assets, classification of unsecured claims, and the attempted treatment of non-debtor parishes and affiliates. Vi-Jon files a prenegotiated Chapter 11 aimed at channeling hundreds of talc personal injury claims into a Section 524(g) trust. The proposed structure relies on a $25 million affiliate contribution, insurance rights with more than $900 million in stated limits, and other contingent assets as the company confronts a sharp increase in projected talc liabilities. And a New York bankruptcy court rules that approximately $17.6 million in Sleep Number deferred compensation funds held in a rabbi trust are property of the estate, meaning the money will be available for general unsecured creditors rather than reserved for participating executives and employees. 💡 From mass-tort plan disputes and talc trust structures to executive compensation and estate property, this episode explores how courts are defining creditor rights, plan feasibility, and the boundaries of bankruptcy protection in complex Chapter 11 cases. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  4. 3 de ago.

    August 3, 2026 - Alkegen, FreshRealm, Sleep Number

    This episode covers key developments in three major restructuring and bankruptcy cases: Alkegen, a global manufacturer of high-performance industrial fibers, files a prepackaged Chapter 11 designed to eliminate approximately $3.1 billion in funded debt. Backed by overwhelming lender support and a $630 million DIP facility, the plan would reduce term debt to roughly $400 million, preserve trade creditor recoveries, and transfer substantially all reorganized equity to first-lien lenders. FreshRealm seeks approval to solicit votes on a Chapter 11 liquidation plan funded largely by a settlement with former customer Blue Apron, whose departure—along with Walmart’s—eliminated approximately 90% of the company’s revenue. The proposed plan remains under negotiation, with no disclosed recovery estimates and no qualifying bids received for the company’s assets. And a New York bankruptcy court approves $1.825 million in retention awards for 38 Sleep Number employees over the U.S. Trustee’s objection, finding that the participants were not statutory insiders and that the payments represented a reasonable exercise of business judgment following a $701.8 million winning auction bid. 💡 From multibillion-dollar balance sheet restructurings and customer-driven liquidations to contested employee retention programs, this episode explores how creditor support, settlement proceeds, and workforce stability are shaping outcomes across today’s Chapter 11 landscape. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  5. 27 de jul.

    July 27, 2026 - Alea Holdings, Simply Interior Homes, Boy Scouts of America

    This episode covers key developments in three major restructuring and bankruptcy cases: Alea Holdings files a prearranged Chapter 11 to complete a restructuring that failed outside of bankruptcy—not because creditors objected, but because 40% of trust preferred security holders never responded. The case highlights how Chapter 11 can bind nonresponsive creditors and facilitate a consensual restructuring that could not otherwise close. Simply Interior Homes proposes a Chapter 11 liquidation plan built largely around potential litigation against its own private equity sponsor, arguing that the company's collapse began with a troubled carve-out transaction that left it undercapitalized, burdened with obsolete inventory, and unable to meet customer demand. The plan identifies litigation claims—not operating assets—as the estate's primary source of potential value. And the Third Circuit rules that abuse claimants in the Boy Scouts of America bankruptcy cannot revoke their elections to receive expedited distributions, holding that neither the confirmed plan nor the Bankruptcy Code permits creditors to undo those choices after confirmation, even if made by mistake. 💡 From innovative restructuring strategies and sponsor liability claims to appellate rulings on plan finality, this episode explores how bankruptcy courts continue to define the limits of creditor rights, litigation recoveries, and the binding effect of confirmed Chapter 11 plans. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  6. 20 de jul.

    July 20, 2026 - Celsius Network, QVC Group

    This episode covers key developments in two major restructuring and bankruptcy cases: The Celsius Network bankruptcy produces a landmark ruling establishing the first judicial framework for valuing appreciating cryptocurrency in clawback actions. The court rejects a one-size-fits-all approach, instead adopting a fact-specific methodology that ties recoveries to whether digital assets were held, sold, or lost—creating an important precedent for thousands of pending avoidance actions and future crypto bankruptcies. QVC Group secures confirmation of its prepackaged Chapter 11 plan over vigorous objections from preferred shareholders, with the court approving a complex intercompany settlement after finding the company's independent governance process satisfied the business judgment standard. The ruling also upholds consensual opt-out third-party releases and confirms that preferred shareholders are out of the money despite challenging the allocation of enterprise value. 💡 From groundbreaking cryptocurrency valuation principles to complex corporate governance and plan confirmation issues, this episode examines how bankruptcy courts are addressing novel legal questions that could shape restructurings far beyond these individual cases. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  7. 13 de jul.

    July 13, 2026 - Bed Bath & Beyond, Serta Simmons Bedding, Pacifica Hospital of the Valley, Central Falls Detention Facility Corporation

    This episode covers key developments in four major restructuring and bankruptcy cases: Central Falls Detention Facility Corporation, operator of Rhode Island’s Donald W. Wyatt Detention Facility, files a prearranged Chapter 11 to restructure more than $167 million in bond debt, using Chapter 11 rather than Chapter 9 to reduce bond principal by approximately 60% while resolving long-running litigation and ransomware-related claims. A Texas bankruptcy court issues a landmark $261 million damages ruling in the Serta Simmons Bedding uptier litigation, holding that participating lenders breached the credit agreement’s pro rata sharing provisions and awarding excluded lenders the face value of the benefits received, plus six years of statutory interest. Pacifica Hospital of the Valley, a California safety-net hospital serving predominantly low-income patients, files for Chapter 11 amid a dispute over the ownership of its $35 million Main Street Lending Program loan, raising novel questions about loan assignments while seeking to preserve critical healthcare services. And the Second Circuit delivers a significant decision for distressed investors, ruling that properly drafted ownership blockers can shield investors from short-swing profit liability under federal securities law, rejecting claims tied to more than $300 million in trading profits generated during Bed Bath & Beyond’s final capital raise. 💡 From public-sector restructurings and lender liability to healthcare finance and distressed investing, this episode explores how courts are defining the boundaries of bankruptcy, contract rights, and securities law in some of the year's most consequential cases. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

  8. 6 de jul.

    July 6, 2026 - DISH D.B.S. Corporation, Ninth Circuit Bankruptcy Appellate Panel, TPx Communications, Genesis Healthcare

    This episode covers key developments in four major restructuring and bankruptcy cases: DISH D.B.S. Corporation files a dual-track Chapter 11 that separates its Pay-TV and wireless businesses, combining a prepackaged plan to reduce $9.75 billion in debt with a Section 363 sale of its 5G network. The restructuring follows multibillion-dollar spectrum sales and establishes a $2.4 billion trust to resolve network-related claims. The Ninth Circuit Bankruptcy Appellate Panel issues a significant ruling holding that a general partner’s management rights survive a bankruptcy filing, concluding that state laws automatically stripping those rights are unenforceable ipso facto provisions preempted by the Bankruptcy Code. TPx Communications enters Chapter 11 with a pre-negotiated plan to eliminate approximately $971 million in funded debt, while preserving operations through either a lender-backed reorganization or a Section 363 sale. The case also raises governance questions as an independent committee investigates transactions involving the company's controlling shareholder and largest junior creditor. And a Texas bankruptcy court rejects a minority partner’s attempt to enforce a right of first refusal in the Genesis Healthcare sale, holding that the partner failed to properly exercise its contractual option and reinforcing the Bankruptcy Code’s limitations on restraints to asset transfers. 💡 From multibillion-dollar telecom restructurings and landmark appellate rulings to governance conflicts and healthcare sale disputes, this episode explores how Chapter 11 continues to shape the balance between creditor rights, contractual protections, and enterprise value. Thank you for listening! Visit researchsuite.stretto.com for more information. Follow us on LinkedIn.

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Sobre

Stretto’s Restructuring Report is a podcast featuring notable stories curated by professionals, and powered by Stretto Intelligence. Join us each week for highlights, updates, and news impacting restructuring professionals.  Dig deeper into research and analysis online, using Research Suite by Stretto, now enhanced by AI to make it easier for professionals to find, review, and understand information that matters most.  Visit researchsuite.stretto.com to learn more.

Informações

  • Criado por
    Stretto
  • Anos de atividade
    2025 - 2026
  • Episódios
    44
  • Classificação
    Livre
  • Copyright
    © 2026 Stretto
  • Site do podcast
    Restructuring Report

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