This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business. Luminar Technologies proposes a $110 million liquidation plan following its December bankruptcy filing, with a semiconductor subsidiary ...
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This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business. Luminar Technologies proposes a $110 million liquidation plan following its December bankruptcy filing, with a semiconductor subsidiary ...
November 3, 2025 - Mountain Sports LLC, Big Lots, Razzoo's, Paragon Industries
Restructuring Report
5 minutes
2 months ago
November 3, 2025 - Mountain Sports LLC, Big Lots, Razzoo's, Paragon Industries
This episode breaks down key developments in the following restructuring cases: Eastern Mountain Sports and Bob’s Stores advance toward liquidation under parent company Mountain Sports LLC’s Delaware plan, with unsecured creditors projected to recover less than 3% as the committee urges approval. Big Lots seeks conversion from Chapter 11 to Chapter 7 after administrative expenses surpass $60 million, arguing a trustee can more efficiently conclude the wind-down. Restaurant c...
Restructuring Report
This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business. Luminar Technologies proposes a $110 million liquidation plan following its December bankruptcy filing, with a semiconductor subsidiary ...
