LIV Golf creditors face $100 million in claims with $2 million available

LIV Golf's Chapter 11 bankruptcy case reveals over $100 million in unsecured creditor claims, with only $2 million set aside for recovery. The next creditor committee meeting is scheduled for November 20. Bankruptcy attorney John J. Sparacino indicated that recovery prospects for creditors are bleak, suggesting little to distribute. LIV’s chief restructuring officer David Orlofsky confirmed this figure might evolve, but substantial recoveries seem unlikely. A more detailed wind-down plan will be filed on November 6, potentially outlining further plans for debt repayment.

• 7:34 PMYahoo Sports — LIV Golf Creditors Face $100M in Claims, Just $2M to Split