Current posture

What matters now

Hronis is in the final pre-confirmation phase of a proposed liquidating Chapter 11 plan after selling substantially all of the estates’ assets; the combined disclosure-statement and confirmation hearing is continued to August 25, 2026. The combined plan and disclosure statement Dkt. 468 contemplate transfer of remaining assets, cash, and causes of action to a liquidating trust, subject to confirmation and the plan’s effective-date conditions, while the hearing continuance Dkt. 573 sets the next plan hearing. Hronis and nine affiliates filed Chapter 11 on March 6, 2026. The voluntary petition Dkt. 1 began a restructuring of the integrated agricultural enterprise after the debtors cited an IRS audit obligation, weather-related crop losses, rising costs, deteriorating margins, and liquidity pressure. Their identified facilities total at least $156.2 million in funded debt, with obligations still under review excluded. To preserve the 2026 crop and run a going-concern sale process, the debtors obtained interim authority for Conterra-backed DIP financing and cash-collateral use under the interim DIP order Dkt. 79, following their request for financing to maintain operations and market the business. The financing declaration Dkt…

Updated Aug 14, 2026