Chrome Holding Co. and its affiliated debtors have proposed a joint Chapter 11 plan that outlines the next steps in their restructuring process. The plan, submitted under section 1121(a) of the Bankruptcy Code, provides for separate classification of claims and interests for each debtor, without substantive consolidation. Upon the plan's effective date, a Plan Administrator will assume control as the sole officer, director, and manager of the Chrome Debtors, with the authority to wind down and dissolve the entities as needed. The Plan Administrator will also be responsible for filing dissolution documents and all required tax returns, ensuring the proper closure of the Chrome Debtors in accordance with applicable laws.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chrome Holding Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-284683), on November 17, 2025, and is solely responsible for the information contained therein.