Instant Brands plan confirmation hearing adjourned to Feb. 22

By Sarah Lizee

Olympia, Wash., Feb. 13 – Instant Brands Holdings Inc.’s combined hearing on confirmation of its Chapter 11 plan of reorganization and final approval of the related disclosure statement has been adjourned to Feb. 22 from Feb. 15, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The plan has drawn a limited objection from Region 7 U.S. trustee Kevin M. Epstein, as previously reported.

The U.S. trustee said the plan improperly provides overly broad exculpation coverage to “each independent director of the debtors” in violation of Fifth Circuit case law.

Instant Brands is a Downers Grove, Ill.-based manufacturer of kitchen and houseware brands, such as Instant Pot, Pyrex, Corelle, CorningWare, SnapWare, Chicago Cutlery and Visions. The company filed bankruptcy on June 12, 2023 under Chapter 11 case number 23-90716.

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