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 ...
October 13, 2025 - Rite Aid, CTL-Aerospace, Powin, Big Lots
Restructuring Report
4 minutes
2 months ago
October 13, 2025 - Rite Aid, CTL-Aerospace, Powin, Big Lots
This episode breaks down key developments in the following restructuring cases: Rite Aid seeks urgent court approval to sell its remaining preference claims before key prosecution deadlines expire, aiming to generate immediate liquidity for creditors. CTL-Aerospace pushes for a rapid asset sale to meet tight financing milestones and preserve core manufacturing operations. Powin Energy files a joint liquidation plan after $54 million in asset sales, marking the wind-down of a once-promising en...
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 ...
