Cases
CourtFilingsPetition dateMore filters
The court confirmed Turning Points for Children’s amended plan under section 1191(a), implementing a consensual restructuring after all four impaired voting classes accepted: TD Bank’s secured claim, general unsecured claims, direct CUA Services claims, and indirect CUA Services-related claims. The confirmation order incorporates the refiled plan, plan support agreement, trust distribution procedures, settlement-trustee designation, and reorganized governance documents.
The plan establishes a settlement trust for CUA Services claimants funded with $6.025 million from insurers—$5 million from Century and $1.025 million from Beazley. It also approves estate releases and consensual third-party releases for accepting Class 5 and Class 6 claimants and plan-support parties, backed by permanent injunctions protecting released parties from covered CUA Services litigation. Bridget Powell is expressly carved out and retains claims against non-debtor entities. Confirmation moves the case from negotiation to implementation: recoveries for abuse-related claimants now depend on the trust procedures and funded insurance settlement, while professional fees for pre-effective-date work remain subject to court approval.
The court authorized Turning Points for Children to enter into an insurance-premium financing agreement with First Insurance Funding after the debtor sought relief to keep its general liability, professional liability and abuse coverage in place for the January 31, 2026 to December 5, 2026 policy period. The underlying Insurance Premium Financing Motion disclosed $1.1 million of total premiums, taxes and fees, a $329,478.79 down payment, $768,737.19 financed, a $23,408.79 finance charge at 7.25% APR, and nine monthly payments of $88,016.22 starting February 28, 2026.
The approval is operationally important because the debtor said the coverage is necessary for continued operations and regulatory compliance, and paying the full premium upfront would strain liquidity. The Insurance Premium Financing Order gives First Insurance Funding a first-priority lien on the financed policy and returned or unearned premiums, senior to DIP or cash-collateral financing and certain administrative-priority claims, with stay relief to cancel the policy and recover collateral after default. That adds a near-term payment obligation and a senior collateral claim tied directly to the debtor's ability to keep operating.
Loading defined terms…