Bridge reports light operations while awaiting AR recoveries
Bridge Diagnostics’ post-confirmation update shows the reorganized debtor is still in plan-compliance mode but has not yet converted that into creditor-payment momentum. The debtor says it is compliant with the Second Amended Plan and confirmation order, has paid about $35,000 to Subchapter V trustee Robert Goe for allowed fees and expenses, but has made no payments to Jason Hansen on either his prepetition security interest or the postpetition DIP loan, according to the Post-Confirmation Status Report.
The operational signal is tighter liquidity than projected: Bridge says actual operating realizations are below forecast, so it is maintaining “relatively light operations” to preserve cash. The near-term funding path is collections, not new financing: special counsel Crown Medical Solutions is pursuing outstanding accounts receivable, and Bridge expects enough settlements within 30 to 60 days to pay pre- and post-administrative expenses in full and provide operating capital. That makes AR realization the next practical test of whether the confirmed Subchapter V plan can perform without renewed pressure from Hansen or administrative creditors.