Salt House, Inc., formerly Food52, Inc., is now in post-effective-date liquidation: the Bankruptcy Court confirmed the liquidation plan on May 20, 2026, and the plan became effective on May 22, 2026, shifting the case from asset-sale chapter 11 to liquidating-trust administration under the Confirmation OrderDkt. 388 and the Effective Date NoticeDkt. 391.
Food52 filed chapter 11 on December 29, 2025 after a rapid liquidity break during an active sale process. The first-day record attributes the filing to a combination of post-COVID retail pressure, high fixed costs, legacy contracts, and operational complexity across Food52, Schoolhouse, and Dansk, with the immediate trigger being Avidbank’s December 15 sweep of approximately $5.9 million from the debtor’s accounts, including cash needed for payroll and taxes. The petition followed emergency workforce reductions and was launched around an expedited sale path supported by DIP financing from F52, LLC, the stalking-horse buyer, as described in the Badan first-day declarationDkt. 2.
The case then moved from sale process to estate wind-down. The debtor filed a March 6 liquidation plan after the February 13 closing of the Food52, Schoolhouse, and Dansk asset sales, with secured and priority claims to be paid or otherwise left unimpaired, general unsecured creditors receiving pro rata liquidating-trust interests, and subordinated claims and equity receiving no recovery under the Chapter 11 Plan of LiquidationDkt. 258. By the April operating report, the debtor reported no continuing operations, no full-time employees, cash as its remaining asset base, and cumulative sale proceeds from assets sold outside the ordinary course of business of about $9.46 million in the .
The current path is claims resolution and distributions through the Salt House Liquidating Trust. The further amended trust agreement appoints Province Fiduciary Services, LLC as liquidating trustee, creates a trust advisory committee, and charges the trustee with administering remaining assets, resolving disputed claims, making distributions to allowed general unsecured creditors, and pursuing retained causes of action, subject to specified limits in the Further Amended Liquidating Trust AgreementDkt. 386. Near-term, administrative expense claims, professional fee claims, and rejection damages claims are due June 22, 2026 under the Effective Date NoticeDkt. 391.