Restructuring Report
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.
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Restructuring Report
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 chain Razzoo’s faces an objection from Simon Property Group over unpaid “stub rent” in its DIP financing budget.
Paragon Industries moves forward with a proposed auction process and bidding procedures for a sale scheduled in January 2026.
💡 From outdoor retail to dining and manufacturing, we explore how liquidation strategy, landlord disputes, and asset sales are defining the next phase of corporate restructurings in late 2025.
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