The court entered a final decree closing Rhodium Encore LLC and 17 other affiliate Chapter 11 cases. The Affiliate Case Closing Decree leaves Rhodium Enterprises, Inc. (Case No. 24-90454) as the remaining open case for the jointly administered proceedings.
Final fee applications, claims reconciliation, and objections to claims or interests will now be administered in the remaining Rhodium Enterprises case, while the Wind Down Debtor remains responsible for affiliate-case U.S. Trustee fees through the applicable post-entry period. Stakeholders should redirect monitoring, claim-related activity, and post-confirmation administration to Case No. 24-90454; the decree preserves the court’s jurisdiction and permits reopening of the closed affiliate cases for cause.
Rhodium’s confirmed plan became effective on January 14, 2026, shifting the case from confirmation into post-confirmation administration. The wind-down structure is now live: all debtors other than the Wind Down Debtor were dissolved and merged into the Wind Down Debtor on the effective date, and the Plan Administrator is targeting a final decree application by April 20, 2027, subject to ongoing litigation, according to the Chapter 11 Post-Confirmation Report.
The same report gives the first post-effective-date financial readout through March 31, 2026: $82.2 million of total cash disbursements for the quarter, secured claims paid at 107% of allowed amounts, general unsecured claims paid at 75% of allowed amounts, and $55.6 million of cumulative bankruptcy professional fees paid. For creditors and buyers of claims, the practical development is that recoveries are no longer theoretical plan treatment; distributions have begun and the remaining case value now turns on wind-down execution, disputed administrative claims, and unresolved litigation.
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