Hopedale Mining LLC filed a motion in the US Bankruptcy Court seeking the conversion of its bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on September 18, 2020. The case will be converted as the debtors determined that a conversion to chapter 7 would provide the best outcome for creditors because, following the closing of the sale transaction, the debtors’ only remaining assets will be certain estate actions, which have not been monetized. The debtors also face the potential reality of administrative insolvency. As a result, at this time, the debtors do not believe that a chapter 11 plan is feasible or in the best interests of their creditors.