Klukwan, Inc. President Rosemarie Hotch this week said a proposed settlement to a decade-long insurance company lawsuit would get the village Native corporation out of federal bankruptcy court and on the road to recovery.

“I feel like it’s a ship that’s being mended. It might actually refloat. The Travelers’ debt has stymied any growth and hung over Klukwan, Inc.’s head. It’s been a crushing weight on the corporation,” said Hotch.

The corporation sought bankruptcy…