RM Bakery is implementing its confirmed reorganization plan but needs financing to catch up on plan payments. In its October 25, 2026 status report Dkt. 524, the debtor reported a signed term sheet for a $300,000 to $500,000 loan and said it would seek a final decree after closing the financing and catching up on payments.

RM Bakery is in post-confirmation administration under a joint reorganization plan with its parent, BKD Group LLC. The court confirmed the plan on October 22, 2024, and it became effective on January 27, 2025, according to the confirmation order Dkt. 470 and a post-confirmation report Dkt. 521.

In its October 25, 2026 status report Dkt. 524, the reorganized debtor said it had a signed term sheet for a $300,000 to $500,000 loan to catch up on plan payments and anticipated closing within three weeks. It said it would then make catch-up payments and file a motion for a final decree with a final report. The debtor also reported that federal and New York tax authorities had applied $67,035 in Mark Rimer’s personal tax credits to its tax liabilities and that it had requested a $33,380.83 sales-tax refund to apply, if approved, to remaining New York obligations.

RM Bakery and BKD filed Chapter 11 petitions on June 15, 2020. The Bronx wholesale bakery had faced facility and management difficulties before the pandemic, when closures among its hospitality customers caused a reported 65% drop in revenue. The amended disclosure statement Dkt. 441 described a reorganization funded in part by proposed exit financing, with cash and future profit distributions for non-insider unsecured creditors and cancellation of existing equity.

RM Bakery is implementing its confirmed reorganization plan but needs financing to catch up on plan payments. In its October 25, 2026 status report Dkt. 524, the debtor reported a signed term sheet for a $300,000 to $500,000 loan and said it would seek a final decree after closing the financing and catching up on payments.

RM Bakery is in post-confirmation administration under a joint reorganization plan with its parent, BKD Group LLC. The court confirmed the plan on October 22, 2024, and it became effective on January 27, 2025, according to the confirmation order Dkt. 470 and a post-confirmation report Dkt. 521.

In its October 25, 2026 status report Dkt. 524, the reorganized debtor said it had a signed term sheet for a $300,000 to $500,000 loan to catch up on plan payments and anticipated closing within three weeks. It said it would then make catch-up payments and file a motion for a final decree with a final report. The debtor also reported that federal and New York tax authorities had applied $67,035 in Mark Rimer’s personal tax credits to its tax liabilities and that it had requested a $33,380.83 sales-tax refund to apply, if approved, to remaining New York obligations.

RM Bakery and BKD filed Chapter 11 petitions on June 15, 2020. The Bronx wholesale bakery had faced facility and management difficulties before the pandemic, when closures among its hospitality customers caused a reported 65% drop in revenue. The amended disclosure statement Dkt. 441 described a reorganization funded in part by proposed exit financing, with cash and future profit distributions for non-insider unsecured creditors and cancellation of existing equity.