Salt House, Inc., formerly Food52, is now in post-effective-date liquidation, with the operating businesses sold and the remaining case centered on liquidating-trust administration, claims reconciliation, and professional-fee wrap-up. Food52 filed chapter 11 on December 29, 2025 after a liquidity break during an active sale process: CEO Erika Badan described post-COVID pressure in home and retail, high fixed costs, legacy contracts, and a December 15 Avidbank cash sweep that removed roughly $5.9 million from operating accounts and forced deep workforce reductions in the first-day declarationDkt. 2.
The petition followed a capital structure that included about $411,000 of first-lien Avidbank debt, a $1.505 million TCG secured bridge note, a $15 million unsecured SVB loan guaranteed by TCG, and trade and other unsecured debt, also laid out in the first-day declarationDkt. 2. The case path was sale-first: Food52 sought a $3.42 million DIP facility from F52, LLC, with interim availability of $1.92 million, to bridge an expedited sale process in which F52 served as stalking horse for the Food52 assets. By the time the debtor filed its liquidation plan, the core operating assets had been sold through three transactions: Food52 to F52, Schoolhouse to Troy-CSL Lighting, and Dansk to Form Portfolios, leaving the estate to distribute remaining value through a liquidating trust under the Chapter 11 Plan of LiquidationDkt. 258.
The plan structure is a straight wind-down. Secured and other priority claims are treated as unimpaired, general unsecured creditors receive pro rata beneficial interests in the liquidating trust, subordinated claims receive no distribution, and equity is cancelled, with the trust holding remaining cash, insurance rights, and retained causes of action under the . The current docket posture is administrative: a May 22 effective-date notice is identified in the case record, and the next scheduled omnibus hearing is August 11, 2026 at 10:00 a.m. ET for final fee applications under the .
