RM Bakery is now in a confirmed reorganization posture: the court confirmed the debtors' Third Amended Joint Plan on October 22, 2024, moving the case from operating chapter 11 into plan implementation under the confirmation orderDkt. 470.
The debtor filed chapter 11 on June 15, 2020, after entering the case with a balance sheet led by secured operating debt and insider/shareholder obligations, including a roughly $3.1 million Pacific Western Bank SBA loan, a roughly $1.4 million Mayrich Capital revolving line, equipment financing, and $3.6 million of convertible shareholder loans. Those capital-structure pressures were disclosed at the outset in the debtor's LR 1007-2 affidavit and budgetDkt. 4 and expanded through the filed schedulesDkt. 11. Early case liquidity centered on authority to use cash collateral, obtain debtor-in-possession financing, provide adequate protection, and address stay relief, as reflected in the debtor's combined cash collateral and DIP financing motionDkt. 23.
The restructuring path ultimately became a plan-driven reorganization rather than an asset sale. RM Bakery and parent BKD Group filed a second amended joint plan in April 2023, proposing a nine-class reorganization framework through the Second Amended Joint PlanDkt. 292. The confirmed plan identified in the October 2024 order is the Third Amended Joint Plan of Reorganization, so the near-term posture is no longer confirmation litigation or sale marketing but execution of the confirmed reorganization structure; the context pack does not identify an effective date or upcoming hearing milestone.
