March 10, 2025
A Texas bankruptcy judge Monday agreed to confirm a Chapter 11 plan for the bankrupt parent of snack maker Hearthside Food Solutions, overruling an objection from the U.S. Trustee's Office alleging the plan would summarily do away with wage and labor claims against the debtor through nonconsensual releases.
February 07, 2025
A onetime financial adviser to UpHealth is opposing the debtor's Chapter 11 plan, Hearthside Food Solutions' official committee of unsecured creditors has balked at the company's executive bonus proposal in bankruptcy, and one-time investors in defunct real estate investment firm RealtyShares willingly dismissed a suit against the firm's former directors, litigation that had outlived the firm's Chapter 7 by more than a year.
January 16, 2025
The bankrupt parent of snack maker Hearthside Food Solutions proposed a pair of retention and incentive payment plans that would provide up to $30 million in bonuses to key employees in the company's Texas Chapter 11 case.
December 18, 2024
When it filed for bankruptcy late last month in Texas, under the shadow of child labor investigations, the parent company of Hearthside Food Solutions embarked on a path to wipe out more than $1.9 billion of debt and secure $200 million of new equity capital.
December 09, 2024
The parent company of snack maker Hearthside Food Solutions has asked a Texas bankruptcy judge to approve a $4.5 million settlement that Hearthside reached with the Illinois attorney general and the Illinois Department of Labor over their investigation into claims of violations of the state's child labor laws.
November 26, 2024
Swedish electric vehicle battery maker Northvolt AB and snack maker Hearthside Food Solutions filed for Chapter 11 bankruptcy relief, while former natural gas driller Ursa Operating Company LLC and e-commerce company Grocery Shopii sought Chapter 7 liquidations. A United Kingdom affiliate of Mexican leasing and lending group Mega, the parent company of Canadian charter bus company Bus.com and Canadian utility services provider Rokstad Holdings Corp. each sought recognition of their foreign insolvency proceedings.
November 25, 2024
The bankrupt owner of packaged food maker Hearthside Food Solutions told a Texas bankruptcy judge on Monday it is seeking to implement a debt-for-equity swap with its senior creditors by the end of March, obtaining initial approval for several aspects of its restructuring.