Art Van Furniture, LLC converted its chapter 11 cases to chapter 7. Nordstrom Inc. announced that it entered into an amendment with its asset-based loan (ABL) lenders and raised $600 million through issuing secured notes. Modell’s Sporting Goods Inc. took a unique approach when it suspending its chapter 11 proceedings, given the inability to conduct liquidation sales that are the “cornerstone” of its bankruptcy.