Hornblower creditors committee objects to disclosure statement

By Sarah Lizee

Olympia, Wash., April 9 – Hornblower Cruises and Events, Inc.’s motion seeking conditional approval of the disclosure statement for its Chapter 11 plan drew an objection from the official committee of unsecured creditors, according to documents filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.

The group said the debtors have not provided enough information in the disclosure statement to assess the plan prior to voting.

“The proffered disclosure statement is deficient under any standard, and these cases do not warrant the expedited process of conditional approval of the disclosure statement,” the committee said in the objection.

The group said the disclosure statement specifically lacks information on the treatment of unsecured creditors and facts supporting the proposed releases.

Hornblower is a San Francisco-based cruise and event company. The company filed bankruptcy on Feb. 21 under Chapter 11 case number 24-90087.

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