Restructuring Report

December 15, 2025 - Bravo Brio Restaurants, Archdiocese of New Orleans, Linqto, TPI Composites

Stretto

This episode covers key developments in four major restructuring and bankruptcy cases:

Bravo Brio Restaurants details a reorganization plan that would transfer ownership of its 48 Italian dining locations to senior lender GPEE, providing unsecured creditors with a $750,000 distribution from the sale of a New Jersey liquor license—the only recovery available compared to a zero-return Chapter 7 outcome 

The Archdiocese of New Orleans secures confirmation of its $230 million reorganization plan, establishing a survivor compensation trust despite objections from Travelers Insurance, with the court holding that the insurer lacks standing to challenge abuse claims and cannot seek contribution of defense costs from survivors 

Linqto seeks approval of a $510,000 retention plan for 12 key employees as it winds down its liquidating Chapter 11 case, arguing the incentive structure is necessary to stabilize operations after regulatory failures shut down its investment platform earlier this year 

And TPI Composites requests emergency approval of a Vendor Advance Agreement with Vestas, designed to ease a critical liquidity shortfall by advancing supplier payments while granting Vestas administrative expense priority and contractual protections tied to blade production performance 

💡 From casual dining and religious institutions to fintech and renewable energy, this episode explores how creditor negotiations, survivor compensation frameworks, workforce retention strategies, and customer-funded liquidity solutions are shaping the current landscape of U.S. restructurings.

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