Court Approves IG Design Group Americas Liquidation Plan, Securing Substantial Recoveries for Creditors

IG Design Group Americas and its U.S. affiliates filed for Chapter 11 bankruptcy in July 2025. After determining that reorganization was not viable, the debtors pursued an orderly winddown of U.S. operations through a series of court-supervised asset sales followed by a structured liquidation. In December 2025, the bankruptcy court confirmed the debtors' liquidation plan, authorizing distributions to creditors and the completion of the company's U.S. exit.

Orrick advised the Official Committee of Unsecured Creditors throughout the Chapter 11 proceedings.

THE COMPANIES

IG Design Group - an affiliate of UK-based IG Design Group plc - is a global consumer products company that designs, manufactures and distributes gift wrap, greeting cards, party supplies, stationery and seasonal decorative products.

THE IMPACT

The bankruptcy allowed IG Design Group Americas to winddown its U.S. business in an orderly manner while preserving asset values. Assets were sold under court oversight, creditor claims were resolved through a structured process, and available proceeds will be distributed according to bankruptcy priorities, providing clarity and closure for creditors as the U.S. operations exit the market. General unsecured creditors are estimated to receive a meaningful recovery (35.1-88.1%) under the liquidating plan.

THE TEAM

The Orrick team is led by Mark Franke, David Litterine-Kaufman, and Brandon Batzel. The team also includes Ryan Wooten, William George, Michael Trentin, Max Hyatt, Jenna Busche, Bailey Roe, David Shipton, Guy Topaz, Harry Wilson, and Kara Iskenderian.

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