Case filing & court posture: Walker Edison Holdco LLC and three affiliates filed chapter 11 on August 28, 2025 in Delaware (Dkt. 1), case no. 25-11602. Judge Thomas M. Horan presides. The debtors are a West Jordan, Utah-based supplier of ready-to-assemble home furnishings sold through e-commerce platforms, with approximately $224.6 million in funded debt.
Liquidity & financing path: Twin-Star International provided a $13 million DIP facility ($6M for operations + $7M to fund litigation against former shareholders). (Dkt. 15) The Court approved the DIP financing on an interim basis and then granted final approval on September 16, 2025. (Dkt. 105)
Restructuring outcome: Twin-Star purchased substantially all operating assets for approximately $16.2 million. (Dkt. 222) The sale order was entered October 2, 2025, with the transaction closing October 7, 2025.
Plan effective date & post-confirmation: A liquidating plan was confirmed December 18, 2025 (Dkt. 413) and became effective December 31, 2025. (Dkt. 437) The plan established a Liquidating Trust (Trustee: Thomas B. Walper) to pursue claims against former shareholders via the Utah Litigation seeking hundreds of millions in damages.
Current status: The case remains active for litigation administration, with the Liquidating Trust prosecuting claims against former shareholders and Prospect Hill related to a 2021 $300 million term loan that funded a $210 million special dividend under allegedly fraudulent circumstances.