RM Bakery: Insider DIP Converts to Equity in Confirmed SDNY Chapter 11
RM Bakery LLC, a Bronx wholesale artisanal bakery, filed chapter 11 in SDNY on June 15, 2020. A $1.5M insider DIP facility converted to equity at confirmation. GUC recovery was ~6.25 cents on $4 million in claims. Plan effective January 27, 2025; post-confirmation default cured December 31, 2025.