/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/250101.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, January 1, 2025, Vol. 29, No. 0 Headlines 301 W NORTH: Plan Exclusivity Period Extended to April 22, 2025 344 SOUTH STREET: Updates Several Secured Claims; Amends Plan 99 BOTTLES: Gets Interim OK to Use Cash Collateral Until Feb. 6 ADVENT TECHNOLOGIES: Incurs $18.52M Net Loss in Third Quarter AFB RESTAURANTS: Court OKs Continued Use of Cash Collateral AMERICANN INC: Delays Filing of Fiscal 2024 Annual Report APPLIED THERAPEUTICS: Alexandru Sues Over Drop in Share Price BABY K'TAN: Gets Interim OK to Use Cash Collateral BEAUTY GODS: Seeks Approval to Hire Seese as Bankruptcy Counsel BIGRITANS INC: L. Todd Budgen Named Subchapter V Trustee CAPITAL PROPERTIES: Walter Dahl Named Subchapter V Trustee CAPTAIN YURI'S: Unsecureds Will Get 20.98% of Claims over 5 Years CAREMAX INC: Seeks Approval to Hire Ordinary Course Professionals CLASS 1 LOGISTICS: Updates Several Secured Claims Pay; Amends Plan COKING COAL: U.S. Trustee Appoints Creditors' Committee COMPAC USA: Aleida Martinez Molina Named Subchapter V Trustee COMPLETE HEALTH: Seeks to Tap Baumeister Denz as Legal Counsel CONCORDIA ANESTHESIOLOGY: Committee Gets OK to Tap Legal Counsel CONCORDIA ANESTHESIOLOGY: Plan Exclusivity Period Extended D&D ELECTRICAL: Todd & Levi Represents Kinsley Group EXTREME RESIDENTIAL: Taps Chalos & Co. as Criminal Defense Counsel FRONTIER DEVELOPMENT: Gets OK to Hire 4 Sons as Real Estate Agent G FAB: Gets OK to Use $145K in Cash Collateral Until Jan. 16 GA EXPRESSTRANS: Andrew Layden Named Subchapter V Trustee GA VIEWS: Seeks to Hire Weiss Law Group as Legal Counsel GENESIS CONSTRUCTION: Law Offices of Elizabeth Advises SBT & SAWS GLASS MANAGEMENT: Court Extends Use of Cash Collateral to Feb. 5 GMT 3435 REALTY: Seeks to Tap Penachio Malara as Legal Counsel HAPPY BELLY: Seeks to Tap Goldbach Law Group as Insolvency Counsel HAZ MAT SPECIAL: Unsecureds Will Get 100% of Claims over 60 Months HIRSCH GLASS: Gets Final OK to Use $1.95M in Cash Collateral HOLOGENIX LLC: Taps Theodora Oringher as Special Litigation Counsel HOOPER'S RE: Gets OK to Hire Shimanek Law as Bankruptcy Counsel IDEANOMICS INC: U.S. Trustee Unable to Appoint Committee INTERFREIGHT SYSTEMS: Matthew Brash Named Subchapter V Trustee JDC RENTALS: JDC Unsecureds to Split $6K in Plan JOHNSON & JOHNSON: Non Party Seeks to Quash Deposition Subpoena LALA'S SANGRIA: Amends Unsecured Claims Pay Details LOUKYA INC: Seeks to Hire Manu Rajvanshi as Bankruptcy Counsel MADDIEBRIT PRODUCTS: Taps Brent Meyer CPA & Assoc. as Accountant MAT TRANSPORT: Gets OK to Tap NAI FMA Realty as Real Estate Broker MCMULLEN BRAND: Court OKs Continued Use of Cash Collateral METRO MATTRESS: Seeks to Hire NextPoint LLC as Financial Advisor MONTEREY CAPITOLA: Gina Klump Named Subchapter V Trustee NATURE COAST: Seeks to Hire Michael H. Moody Law as Legal Counsel NEW CHALLENGE: Seeks to Tap Padgett Business Services as Accountant NIRVANA INVESTMENT: Unsecureds Will Get 100% over 24 Months NWFI LLC: Gets OK to Hire Allen Jones & Giles as Legal Counsel OAK PARK: Unsecured Creditors to Get Share of Income for 36 Months OPGEN INC: Nasdaq Listing Council Affirms Panel Delisting Decision OUTLOOK THERAPEUTICS: Widens Net Loss to $75.37M in FY 2024 OZARK LANDSCAPE: Unsecureds Will Get 100% of Claims over 5 Years PATRIOT TRANSPORT: Unsecured Creditors to Split $150K over 5 Years PINE TREE: Seeks to Hire Robyn Binger as Real Estate Broker QURATE RETAIL: Extends CEO's Term Until Feb. 28, 2025 RATH RACING: Court OKs Continue Use of Cash Collateral RE-TRON TECHNOLOGIES: Unsecured Creditors to Get Nothing in Plan RPM EXPEDITE: Seeks to Tap Spector & Cox as Bankruptcy Counsel SALEM POINTE: Hires Integrity Taxes and Accounting as Accountant SBB SHIPPING: Gets Interim OK to Use Cash Collateral SHENANDOAH MEDICAL: Gets Interim OK to Use Cash Collateral SILVERROCK DEVELOPMENT: Taps Jones Lang LaSalle Americas as Broker SMOKIN' DUTCHMAN: Gets OK to Tap Wesler & Associates as Accountant SOUL WELLNESS: Seeks to Hire Agentis PLLC as Bankruptcy Counsel SOUL WELLNESS: Tarek Kiem of Kiem Law Named Subchapter V Trustee SOUTHERN LANDSCAPE: Gets Final OK to Use Cash Collateral SPIRIT AIRLINES: Unsecured Creditors Unimpaired in Plan SQUARE ONE: Seeks to Hire Joel A. Schecheter as Bankruptcy Counsel STEEL FABRICATORS: Joli Lofstedt Named Subchapter V Trustee STEEL FABRICATORS: Taps Wolf Helfrich & Factor as Legal Counsel STOLI GROUP: Seeks to Hire Foley & Lardner as Bankruptcy Counsel TA 4 REALTY: Seeks to Hire Webber McGill as Bankruptcy Counsel TECHPRECISION CORP: General Victor Renuart Jr. Named as Board Chair TERVIS TUMBLER: Unsecured Creditors to Split $1.5M over 5 Years TRUSTED HEATING: Charles Mouranie Named Subchapter V Trustee TW AUTOMATION: Updates SBA Claims Pay Details; Amends Plan VERDE RESOURCES: Chen Ching Quits as Director, Replacement Named VOIP-PAL.COM: Incurs $10.17 Million Net Loss in FY Ended Sept. 30 WESTERN RISE: Unsecureds Will Get 10.9% of Claims over 4 Years XTI AEROSPACE: Releases Preliminary Annual Meeting Results YIELD10 BIOSCIENCE: Seeks to Hire Rosner Law Group as Counsel YIELD10 BIOSCIENCE: U.S. Trustee Unable to Appoint Committee ********* 301 W NORTH: Plan Exclusivity Period Extended to April 22, 2025 --------------------------------------------------------------- Judge David D. Cleary of the U.S. Bankruptcy Court for the Northern District of Illinois extended 301 W North Avenue, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 22, 2025, respectively. As shared by Troubled Company Reporter, cause exists to extend the exclusivity periods, because the relevant factors weigh in favor of extension. The Debtor requires additional time to continue to communicate with its primary secured mortgage lender with the goal of confirming a consensual plan of reorganization. If the parties can agree to treatment under the plan, the Debtor is in a unique position to maximize the value of its estate for all of the various stakeholders. This first factor weighs in favor of an extension. The Debtor has reasonable prospects for filing a viable plan. Here, the Debtor has a realistic reorganization underway and has already filed a confirmable Plan. The fourth factor weighs in favor of the requested extension. This bankruptcy case has been pending since February 27, 2024. During that time, the Debtor has been engaged in various administrative tasks alongside its attempts to negotiate with its secured creditors. The extension requested by this Motion is well within the eighteen-month limitation (from commencement of this Case) for an extension of the Plan Proposal Period and the twenty-month limitation for an extension of the Solicitation Period. Finally, certain unresolved contingencies prevent the Debtor from finalizing a chapter 11 plan. In addition to the pending Motion to Dismiss, the Debtor is still attempting to negotiate the treatment of its secured mortgage lender's claim as well as other lien creditors. The amount and nature of these claims will impact their treatment and the treatment of other claims under a plan. Therefore, this final factor thus weighs in favor of the Court extending exclusivity. 301 W North Avenue, LLC is represented by: Robert W. Glantz, Esq. Jeffrey M. Schwartz, Esq. MUCH SHELIST, P.C. 191 N. Wacker Drive, Suite 1800 Chicago, IL 60606 Telephone: (312) 521-2000 Facsimile: (312) 521-3000 Email: rglantz@muchlaw.com jschwartz@muchlaw.com About 301 W North Avenue 301 W North Avenue, LLC, is engaged in activities related to real estate. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-02741) on Feb. 27, 2024. In the petition signed by F. Martin Paris, Jr., president of MK Manager Corp. as manager of Debtor, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Donald R. Cassling oversees the case. Robert Glantz Much Shelist, P.C., at MUCH SHELIST PC, is the Debtor's legal counsel. 344 SOUTH STREET: Updates Several Secured Claims; Amends Plan ------------------------------------------------------------- 344 South Street Corporation submitted a Fourth Amended Plan of Reorganization dated December 16, 2024. The Debtor's operations post-petition have for the most part been profitable. The Debtor expects its improvements to the operation of the business to result in increased cash flow and increased profitability, which will result in cash flow of approximately $5,000 per month through the term of the Plan, with seasonal fluctuations, and that cash flow will exceed $5,000 per month during the term of the plan with certain months nearing $10,000. The increased profitability of the company will be due in part to a decrease in expenses resulting from of Debtor's rejection of the 344-348 South Street Lease, which required Debtor to pay approximately $17,000 per month in rent. Plan payments under the Debtor's proposed plan are achievable with the cash flow the Debtor has demonstrated since entering Chapter 11, and that will continue at the new location. The Debtor is currently under a month to month tenancy at 338-342 South Street with its landlord, Rick Millan, and Debtor's operations have moved to the property. These decisions by Debtor will substantially reduce its ongoing rent expense freeing up more cash to pay creditors. Priority Tax Claims There is one Priority Tax Claim in this case, filed by the City of Philadelphia Law Department Tax & Revenue Unit. The amount of the priority claim as set forth on the City of Philadelphia's Amended Proof of Claim is $111,552.60. The City of Philadelphia's claim will be paid in monthly installments over 42 months, which will be completed within five years of the Petition Date. With 4% interest over 42 months, that amount totals $127,169.96. For the first 12 months, the monthly installment amount will be $1,250.00, for months 13-18 the monthly installment amount will be $2,028.28, and the next 23 months, the monthly installment amount will be $4,166 per month with the last month's payment being $4,182.28. On the Effective Date of the Plan, 344 SSI, LLC/344 HG South, LLC will be paid $6,525.00, which amount will be deemed to satisfy the first $6,525.00 in monthly payments due under the Plan. The balance of the City of Philadelphia's claim is a general unsecured claim in the amount of $520.90. Class 1 consists of the claim of Pennsylvania Department of Labor and Industry. The Pennsylvania Department of Labor and Industry's secured claim of $27,049.59 will be paid over a period of 5 years (60 months) in monthly installments of $450.83 per month. On the Effective Date of the Plan, the Department of Labor and Industry will be paid $1,395.00, which amount will be deemed to satisfy the first $1,395.00 in monthly payments due under the Plan. Class 2 consists of the claim of 344 SSI, LLC/344 HG South, LLC. 344 SSI, LLC/344 HG South, LLC will receive payment of $137,950.41 for a portion of its claim over a period of 5 years (60 months) in monthly installments. In year 1, while the Debtor's profits increase after moving to a new location, Debtor will make monthly payments to the Creditor in the amount of $1,000.00 per month and in year 2, year 3, year 4, and year 5 of the Plan, Debtor will make monthly payments of $2,623.97 to the Creditor. On the Effective Date of the Plan, 344 SSI, LLC/344 HG South, LLC will be paid $7,080.00, which amount will be deemed to satisfy the first $7,080.00 in monthly payments due under the Plan. The balance of its claim will be treated as a Class 4 General Unsecured Claim, the amount of which is to be determined. Like in the prior iteration of the Plan, Unsecured Creditors will receive $3,000 pro rata on the Effective Date and if the plan is not consensual, shall receive any disposable income that is available to pay unsecured creditors as required under the Bankruptcy Code. The Plan will be funded by the ongoing operations of Debtor as well as a cash infusion of $50,000 into the Debtor to be made by shareholder, Nick Ventura on the Effective Date of the Plan. A full-text copy of the Fourth Amended Plan dated December 16, 2024 is available at https://urlcurt.com/u?l=DnOynG from PacerMonitor.com at no charge. Counsel to the Debtor: Jeffrey S. Cianciulli, Esq. Patrick T. Krenicky, Esq. Weir LLP The Widener Building 1339 Chestnut St., Suite 500 Philadelphia, PA 19107 Telephone: (215) 665-8181 Facsimile: (215) 665-8464 Email: jcianciulli@weirlawllp.com pkrenicky@weirlawllp.com About 344 South Street 344 South Street Corp. has operated as a restaurant, serving Spanish and Mexican cuisine in Philadelphia's South Street District. Recognizable for its bright blue exterior with green accents, the Copabanana was opened on the corner of 4th and South streets in 1978 by William Curry. The restaurant is most known for its menu, which includes margaritas, burgers and fries, and its live events and nightlife. 344 South Street Corp. filed for bankruptcy three times in the past nine years. The two previous filings in 2015 and 2019 had since been closed. Both of the filings were related to taxes and other payments owed to the City of Philadelphia and the Internal Revenue Service. 344 South Street Corporation filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 23-11548) on May 26, 2023, with as much as $50,000 in both assets and liabilities. Holly Miller, Esq., at Gellert Scali Busenkell & Brown, LLC, has been appointed as Subchapter V trustee. Judge Patricia M. Mayer oversees the case. The Debtor is represented by Jeffrey S. Cianciulli, Esq., at Weir Greenblatt Pierce, LLP. 99 BOTTLES: Gets Interim OK to Use Cash Collateral Until Feb. 6 --------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, granted 99 Bottles Hospitality, LLC interim authorization to use cash collateral until Feb. 6. The court authorized the company to use cash collateral to pay expenses, including payments to the Subchapter V trustee; current and necessary expenses as outlined in its projected budget, with a 10% allowed variance; and additional amounts approved by the U.S. Small Business Administration. The order also required the company to timely perform all obligations as a debtor-in-possession, maintain insurance coverage for its property, and provide adequate protection to secured creditors. The next hearing is set for Feb. 6. About 99 Bottles Hospitality 99 Bottles Hospitality, LLC owns and operates a full-service restaurant business in Melbourne, Fla. 99 Bottles Hospitality sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-03666) on July 17, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Kevin O. Andersen, manager, signed the petition. Judge Tiffany P. Geyer oversees the case. The Debtor is represented by Michael Faro, Esq., at Faro & Crowder. ADVENT TECHNOLOGIES: Incurs $18.52M Net Loss in Third Quarter ------------------------------------------------------------- Advent Technologies Holdings, Inc., filed with the Securities and Exchange Commission its Quarterly Report on Form 10-Q disclosing a net loss of $18.52 million on $128,000 of net revenue for the three months ended Sept. 30, 2024, compared to a net loss of $11.85 million on $112,000 of net revenue for the same period during the prior year. For the nine months ended Sept. 30, 2024, the Company reported a net loss of $39.15 million on $3.52 million of net revenue compared to a net loss of $45.67 million on $222,000 of net revenue for the nine months ended Sept. 30, 2023. As of Sept. 30, 2024, the Company had $7.33 million in total assets, $25.40 million in total liabilities, and a total stockholders' deficit of $18.07 million. Advent Technologies said, "A major financial challenge and significant risk facing the Company is a lack of positive cash flow and liquidity. The Company's ability to meet its liquidity needs will largely depend on its ability to raise capital in the very short term and generate cash in the future. If the Company is unable to obtain sufficient funding, it could be required to delay its development efforts, limit activities, and further reduce research and development costs, which could adversely affect its business prospects and delivery of contractual obligations. A cash shortfall at any point in time over the next twelve months could result in the Company failing to meet its overdue and current obligations which could trigger action against the Company and/or its subsidiaries for liquidation by employees, authorities, or creditors. Because of the uncertainty in securing additional funding, delays in growth of revenue, failure to materialize cost-cutting efforts and the insufficient amount of cash and cash equivalents as of the consolidated financial statement filing date, management has concluded that substantial doubt exists with respect to the Company's ability to continue as a going concern for one year from the date the consolidated financial statements are issued." A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1744494/000182912624008577/adventtech_10q.htm About Advent Technologies Headquartered in Livermore, CA, Advent Technologies Holdings, Inc. is an advanced materials and technology development company operating in the fuel cell and hydrogen technology space. Advent develops, manufactures and assembles the critical components that determine the performance of hydrogen fuel cells and other energy systems. To date, Advent's principal operations have been to develop and manufacture Membrane Electrode Assembly (MEA), and fuel cell stacks and complete fuel cell systems for a range of customers in the stationary power, portable power, automotive, aviation, energy storage and sensor markets. Athens, Greece-based Ernst & Young (Hellas) Certified Auditors Accountants S.A., the Company's auditor since 2020, issued a "going concern" qualification in its report dated Aug. 13, 2024, citing that the Company has suffered recurring operating losses, has a negative working capital position and has stated that substantial doubt exists about the Company's ability to continue as a going concern. AFB RESTAURANTS: Court OKs Continued Use of Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of California, Oakland Division authorized AFB Restaurants, Inc.'s continued use of cash collateral until Feb. 7. The company's request to increase Online Marketing to $10,000 was denied without prejudice. AFB projects total expenses of $110,172.24 for the interim period, court filings show. The next hearing is scheduled for Feb. 7. About AFB Restaurants AFB Restaurants, Inc., doing business as Manakash Oven & Grill, is a provider of catering for Mediterranean food in Walnut Creek, Calif. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 24-41235) on August 16, 2024, with $32,470 in assets and $1,103,058 in liabilities. Christopher Hayes serves as Subchapter V trustee. Judge Charles Novack oversees the case. John G. Downing, Esq., at Downing Law Offices, P.C. represents the Debtor as bankruptcy counsel. AMERICANN INC: Delays Filing of Fiscal 2024 Annual Report --------------------------------------------------------- Americann, Inc. filed a Form 12b-25 with the Securities and Exchange Commission notifying the delay in the filing of its Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2024. The Company did not complete its financial statements for the year ended Sept. 30, 2024 in sufficient time so as to allow the filing of the report by Dec. 30, 2024. About AmeriCann Headquartered in Denver, CO, Americann, Inc. (OTCQB:ACAN) designs, develops, leases and operates state-of-the-art cannabis cultivation, processing and manufacturing facilities. The Company's business plan is based on the continued growth of the regulated marijuana market in the United States. Houston, Texas-based MaloneBailey, LLP, the Company's auditor since 2016, issued a "going concern" qualification in its report dated Dec. 22, 2023, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. APPLIED THERAPEUTICS: Alexandru Sues Over Drop in Share Price ------------------------------------------------------------- ADRIAN ALEXANDRU, individually and on behalf of all others similarly situated, Plaintiff v. APPLIED THERAPEUTICS, INC.; SHOSHANA SHENDELMAN; and RICCARDO PERFETTI, Defendants, Case No. 1:24-cv-09715 (S.D.N.Y., Dec. 17, 2024) is a federal securities class action on behalf of all investors who purchased or otherwise acquired Applied Therapeutics securities between January 3, 2024 and December 2, 2024, inclusive (the "Class Period"), seeking to recover damages caused by the Defendants' violations of the federal securities laws (the "Class"). According to the Plaintiff in the complaint, Applied Therapeutics' disclosure of the "warning letter" prompted a further decline in the stock price as investors discovered the seriousness and severity of the Company's clinical trial errors. From a closing market price of $1.75 per share on December 2, 2024, Applied Therapeutics' stock price fell to $1.69 per share on December 3, 2024 before falling further to $1.38 per share on December 4, 2024 and $1.29 per share on December 5, 2024. As a result of their purchases of Applied Therapeutics' common stock during the Class Period, Plaintiff and other members of the Class suffered economic loss, i.e., damages under federal securities laws, says the suit. Applied Therapeutics, Inc. operates as a clinical-stage biopharmaceutical company. The Company focuses on developing transformative drugs. [BN] The Plaintiff is represented by: Adam M. Apton, Esq. Levi & Korsinsky, LLP 33 Whitehall Street, 17th Floor New York, NY 10004 Tel: (212) 363-7500 Fax: (212) 363-7171 Email: aapton@zlk.com BABY K'TAN: Gets Interim OK to Use Cash Collateral -------------------------------------------------- Baby K'Tan, LLC received second interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, to use its secured creditors' cash collateral. The company was authorized to use cash collateral in the regular course of its business affairs pursuant to its budget until further order of the court. JP Morgan Chase Bank, N.A. and Regions Bank assert an interest in the cash collateral. As adequate protection for the use of their cash collateral, both creditors were granted replacement liens to the same extent as their pre-bankruptcy liens. The lien will attach to all post-petition cash collateral regardless of the nature of such cash collateral or the bank account into which it is deposited. The next hearing is scheduled for Jan. 16. About Baby K'tan LLC Baby K'tan, LLC manufactures and sells ready-to-wear & soft fabric wrap pet and baby carrier. The Pet K'tan Pet Carrier is a patented ready-to-wear soft fabric wrap that allows the caregiver to wear their pet in several positions without any complicated wrapping or buckling. The Baby K'tan Baby Carrier has a patented double-loop design that functions as a sling, wrap and baby carrier, yet there is no wrapping, no buckling, and no adjusting any rings. Baby K'tan sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-22671) on December 3, 2024, with up to $1 million in assets and up to $10 million in liabilities. Michal Chesal, president and co-founder of Baby K'tan, signed the petition. Judge Peter D. Russin oversees the case. Isaac Marcushamer, Esq., at DGIM Law, PLLC, represents the Debtor as bankruptcy counsel. BEAUTY GODS: Seeks Approval to Hire Seese as Bankruptcy Counsel --------------------------------------------------------------- Beauty Gods, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ the law firm of Seese, PA as counsel. The firm will render these services: ` (a) advise the Debtor generally regarding matters of bankruptcy law in connection with this Chapter 11 case; (b) advise the Debtor of the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, applicable bankruptcy rules pertaining to the administration of the case and U.S. Trustee Guidelines related to the daily operation of its business and administration of this estate; (c) prepare legal papers necessary in connection with the administration of the estate; (d) negotiate with creditors, prepare and seek confirmation of a plan of reorganization and related documents, and assist the Debtor with implementation of any plan; (e) review executory contracts and unexpired leases; (f) negotiate and document any debtor-in-possession financing and exit financing; and (g) render such other advice and services as the Debtor may require in this case. Michael Seese Esq., the primary attorney in this representation, will be compensated at his hourly rate of $550. The firm received a retainer in the amount of $7,500. Mr. Seese disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael D. Seese, Esq. Seese, PA 101 N.E. 3rd Avenue, Suite 1500 Ft. Lauderdale, FL 33301 Telephone: (954) 745-5897 Email: mseese@seeselaw.com About Beauty Gods Beauty Gods, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23215) on December 18, 2024, with as much as $50,000 in assets. Judge Peter D. Russin presides over the case. Michael D. Seese, Esq., at Seese PA serves the Debtor as counsel. BIGRITANS INC: L. Todd Budgen Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., as Subchapter V trustee for Bigritans, Inc. Mr. Budgen will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Budgen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: L. Todd Budgen, Esq. P.O. Box 520546 Longwood, FL 32752 Tel: (407) 232-9118 Email: Todd@C11Trustee.com About Bigritans Inc. Bigritans, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-06936) on December 20, 2024, with up to $50,000 in assets and up to $1 million in liabilities. Judge Tiffany P. Geyer presides over the case. Daniel A. Velasquez, Esq. at Latham, Luna, Eden & Beaudine, LLP represents the Debtor as legal counsel. CAPITAL PROPERTIES: Walter Dahl Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 17 appointed Walter Dahl, Esq., a partner at Dahl Law, as Subchapter V trustee for Capital Properties and Home Services LLC. Mr. Dahl will be compensated at $485 per hour for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. In court filings, Mr. Dahl declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Walter R. Dahl Dahl Law 2304 "N" Street Sacramento, CA 95816-5716 Telephone: (916) 446-8800 Telecopier: (916) 741-3346 Email: wdahl@dahllaw.net About Capital Properties and Home Services Capital Properties and Home Services, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 24-25376) on November 26, 2024, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Christopher D. Jaime presides over the case. CAPTAIN YURI'S: Unsecureds Will Get 20.98% of Claims over 5 Years ----------------------------------------------------------------- Captain Yuri's Charters, Inc., submitted a First Amended Disclosure Statement for Small Business describing First Amended Chapter 11 Plan dated December 17, 2024. The main purpose of the First Amended Chapter 11 Disclosure Statement and First Amended Plan is to clarify the several inconsistences in the stated treatment terms as set forth in several places in the Disclosure Statement and the Plan, as well as to correct, the more prevalent scrivener's errors and to explain Debtor's basis for the amount of the distribution totaling $60,000.00 to the unsecured creditors in Class 6. There are three substantive amendments. The first pertains to the treatment of the claim of the Centennial Bank for its loans for the purchases of the two vessels owned by the Debtor, the Magic (surrendered back to Centennial during the bankruptcy) and the Lauren Jeanne, which is in the Debtor's possession and still in service. As a result of the sale of the Magic and the application of payments by Debtor towards the purchase of the Lauren Jeanne, Centennial has filed an amended Proof of Claim, reducing its claim (all of which was filed as secured) from $263,391.04 to $90,574.73. The amended claim also includes, for the first time, an unsecured claim for $24,732.48. The original Plan set forth Centennial's claims as being $66,296.00 secured, with the Lauren Jeanne as collateral, and an unsecured claim for $101,164.08 (the deficiency for the Magic loan). Because Centennial had not filed an updated claim before Debtor's filing of the original Plan, the amounts listed for secured and unsecured claims were estimated based on several factors, including post-petition loan payments and estimated proceeds from the sale of the Magic. Centennial's Addendum to its amended claim (POC #6-2) sets forth the applicable debits and credits, resulting in actual balances. The estimated secured claim of $66,296.00 in the original Plan, is within $556.00 of the actual principal claim of $66,852.78. However, the amended claim adds legal fees and cost of $23,721.95 (previously unassessed by creditor) to the original claim. The following changes have been made in Debtor's First Amended Disclosure Statement and First Amended Plan of Reorganization: Class 1 consists of Centennial Bank Secured Loan: Class 1 is comprised of all amounts due on Loan 5351, excluding attorneys' fees and costs, which are secured by a Preferred Ship Mortgage of Lauren Jeanne. The approximate amount of such claim was $66,852.78 as of July 12, 2024 per Centennial's Amended Proof of Claim 6-2. The Debtor proposes to pay the Class 1 claim in twenty-four equal payments, commencing on the Effective Date, with interest at the rate of 6.5% (the "Loan Payment"), which payments shall approximately be $2,978.04 per month. The Debtor is currently making adequate protection payments of $3,575.00 to Centennial, and the final amount of Class 1 claim will be affected by such adequate protection payments made prior to the Effective Date, and the additional postpetition interest of 6.5% accrued since the filing of Centennial's amended claim. Centennial's lien on Debtor's assets, and the Preferred Ship Mortgage on the Lauren Jeanne, shall remain in full force and effect until all payments in Class 1 and 2 are made. Class 2 is comprised of legal fees of Centennial Bank that are secured by the Debtor's vessel, the Lauren Jeanne. The Class 2 claim will be paid in sixty equal monthly payments at 0% interest. Based on the amount in amended Proof of Claim (#6-2) in the amount of $23,721.95, the monthly payments will approximately be the amount of $395.37 per month. Centennial's lien on Debtor's assets shall remain in full force and effect until all payments in Class 1 and 2 are made. Should the Debtor fail to complete all plan payments due to Centennial, fail to obtain a discharge, or this case is dismissed or converted to Chapter 7, Centennial's lien shall remain in full effect and Centennial shall be entitled to pursue all applicable remedies in connection with its lien rights. Class 3 (formerly Class 2) U.S. Small Business Administration is corrected to reflect a monthly payment of $402.54 which is amortized over sixty months with interest at the rate of 3.75% per annum. The old payment was incorrected stated at $410.00. The remainder is left unchanged. Class 4 (formerly Class 3 Claims under Section 507(a)(7) – Deposits is corrected to reflect that $26,000.00 is owed in pre petition deposits. Class 6 (formerly Class 5) General Unsecured Creditors is corrected to reflect that general unsecured creditors will receive a 20.98% total distribution of their claim in 20 quarterly installment payments of $3,000.00 each commencing on the Effective Date. The quarterly installment payment of $3,000.00 will be distributed pro-rata to each claimant. Class 7 Special Class is added to reflect the claim of the National Oceanic and Atmospheric Administration ("NOAA") in the amount of $10,500.00 to be paid over thirty-six months with interest at 4%, resulting in a monthly payment of $310.03. Payments to commence on January 1, 2025, or on the Effective Date of the Plan if it occurs before January 1, 2025. This class is impaired. A full-text copy of the First Amended Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=0uO2ji from PacerMonitor.com at no charge. Counsel to the Debtor: Chad Van Horn, Esq. Van Horn Law Group PA 500 NE 4th St., Ste. 200 Fort Lauderdale, FL 33301 Telephone: (954) 765-3166 Email: chad@cvhlawgroup.com About Captain Yuri's Charters Captain Yuri's Charters, Inc. is a fishing charter business, offering three to four-day fishing trips out of Key West, Florida. The Debtor filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 23-17488) on Sept. 19, 2023, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Yuri Vakselis, president, signed the petition. Judge Robert A. Mark oversees the case. Chad Van Horn, Esq., at Van Horn Law Group PA, serves as the Debtor's bankruptcy counsel. CAREMAX INC: Seeks Approval to Hire Ordinary Course Professionals ----------------------------------------------------------------- Caremax, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ professionals in the ordinary course of business (OCPs). The Debtors need OCPs to perform services for matters unrelated to these Chapter 11 cases. The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The Debtors do not believe that any of the OCPs have an interest materially adverse to them, their estates, creditors, or other parties in interest in connection with the matter upon which they are to be engaged. The OCPs include: -- DLA Piper LLP Legal Services -- FTI Consulting, Inc. Accounting Services -- Goodwin Procter LLP Legal Services -- Homer Bonner Jacobs Ortiz Legal Services -- Milliman, Inc. Actuarial Services -- Porter Hedges LLP Legal Services -- Wakely Consulting Group, LLC Actuarial Services -- Clifton Larson Allen LLP Tax Support Services -- CPA By Choice, Inc. Accounting Services -- Ernst & Young LLP Tax Support Services -- FA Medical Consulting Group LLC Financial Services -- The Ferro Law Firm, P.A Legal Services -- Hays Colombia S.A.S Legal Services -- Horing Welikson Rosen & Digrugilliers PC Legal Services -- Michael J. Liberatore P.A Legal Services -- Pharmacy Consultant Solutions Financial Services -- PricewaterhouseCoopers LLP Accounting Services -- Savannah Consulting, Inc. Accounting Services -- Zumpano Castro, PLLC Legal Services About CareMax Inc. CareMax Inc. is a provider of medical centers for elderly patients. CareMax and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 24-80093) on November 17, 2024. In its petition, CareMax reported estimated liabilities between $500 million and $1 billion and estimated assets between $100 million and $500 million. Judge Michelle V. Larson oversees the cases. The Debtors tapped Thomas Robert Califano, Esq., at Sidley Austin, LLP as bankruptcy counsel; Alvarez & Marsal North America, LLC as financial advisor; and Piper Sandler & Co. as investment banker. Stretto, Inc. is the Debtors' claims, noticing and solicitation agent. CLASS 1 LOGISTICS: Updates Several Secured Claims Pay; Amends Plan ------------------------------------------------------------------ Class 1 Logistics, LLC, submitted a Second Amended Disclosure Statement describing Second Amended Plan of Reorganization dated December 17, 2024. The Debtor continued to operate after the Petition date in the= regular course of business, except that it was necessary to revert to leasing its equipment to other entities to generate revenue. Class 5A consists of the Secured Claim of Advantage Leasing Corporation. This creditor obtained a lift stay order on its collateral; however, this creditor and the Debtor have agreed to include the collateral in this plan and disregard the order lifting stay. By abstaining from objecting to this Plan, this creditor agrees to the following treatment of its debt in this Plan. Debtor proposes to retire the Class 5A debt by paying equal monthly installments, fully amortized over 5 years, at 9.25% per annum. The total principal amount for this class would be $67,213.72 and the monthly payments would be $1,403.42. Credit is to be given for any preconfirmation adequate protection payments made. Class 5B consists of the Secured Claim of AMUR Equipment Finance, Inc. The Debtor proposes to retire the Class 5B debt by paying equal monthly installments, fully amortized over 5 years, at 9.25% per annum. The total principal amount for this class would be $127,500 and the monthly payments would be $3,897.14. Class 5D consists of the Secured Claim of Conserve Capital, LLC. This Creditor filed a Notice of Termination of the Automatic Stay, but subsequently accepted adequate protection payment. Confirmation of this Plan shall have the effect of reinstating the automatic stay and nullifying the aforementioned Notice of Termination of the Automatic Stay. The Debtor proposes to retire the Class 5D debt by paying equal monthly installments, fully amortized over 5 years, at 9.25% per annum. The total principal amount for this class would be $35,000.00 and the monthly payments would be $730.80. Credit is to be given for any preconfirmation adequate protection payments made. Like in the prior iteration of the Plan, general unsecured claims consist of: (a) undersecured creditors whose secured claims are addressed in Classes 4 and 5A to 5H; (b) the unsecured portion of Class 6 claims that are not also part of Class 5; (c) formerly secured creditors whose collateral has been surrendered; and (c) other unsecured creditors. Unsecured Portion of Class 6. Class 5 claims have not been diluted by the $20,000.00 that Debtor claims is the secured portion of Class 6. That dilution is only applied to Class 6 Claims numbered 17 and 23, since they are not also members of Class 5. The allowed unsecured claims total $1,589,390.00. These creditors will be paid after payment of all claims in Classes 1 to 6, on a pro rata basis. Over the life of the Plan, Class 7 creditors will receive $213,000, which is 13.4% of total claims in the class. The Debtor will distribute all Plan payments from revenue received from F/X, pursuant to the lease agreement. A full-text copy of the First Amended Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=uOfA9h from PacerMonitor.com at no charge. Counsel to the Debtor: James "Jim" K. Jopling, Esq. 521 Texas Ave Ste 102 El Paso, TX 79901 Tel: (915) 541-6099 Fax: (866) 864-6854 Email: jim@joplinglaw.com About Class 1 Logistics Class 1 Logistics, LLC in El Paso, TX, filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Tex. Case No. 24-30275) on March 9, 2024, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Omar Navarro as managing member/president, signed the petition. Judge Christopher G Bradley oversees the case. JIM JOPLING, ATTORNEY AT LAW, serves as the Debtor's legal counsel. COKING COAL: U.S. Trustee Appoints Creditors' Committee ------------------------------------------------------- Paul Randolph, Acting U.S. Trustee for Region 8, appointed an official committee to represent unsecured creditors in the Chapter 11 case of Coking Coal, LLC. The committee members are: 1. Blackjewel Liquidation Trust, LLC David J. Beckman, Liquidation Trustee 999 17th Street, Suite 700 Denver, CO 80202 (303)689-8800 Dave.beckman@fticonsulting.com 2. Alpha Metallurgical Coal Sales, LLC Troy Nichols, SVP and Deputy General Counsel 340 Martin Luther King Jr., Blvd. Bristol, TN 37620 (423)573-0748 TNichols@alphametresources.com 3. Bocook Engineering, Inc. Dewey L. Bocook, III, Vice President 312 10th Street Paintsville, KY 41240 (606)789-5961 bo@bocook.com 4. Combs Equipment Group, LLC. John M. Combs P.O. Box 573 Pineville, KY 40977 (606)248-4711 jmc@combsequipment.com 5. Mine Service Company, Inc. Stephen Patrick P.O. Box 858 Hazard, KY 41702 (606)434-2743 scpatrick@windstream.net Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Coking Coal Coking Coal, LLC is a company in Appalachia, Va., which operates in the coal mining industry. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 24-70529) on December 16, 2024. In the petition signed by Lloyd Hill, president and chief executive officer, the Debtor disclosed up to $100 million in assets and up to $500 million in liabilities. Judge Gregory R. Schaaf oversees the case. Ellen Arvin Kennedy, Esq., at Dinsmore & Shohl, LLP, represents the Debtor as legal counsel. COMPAC USA: Aleida Martinez Molina Named Subchapter V Trustee ------------------------------------------------------------- The U.S. Trustee for Region 21 appointed Aleida Martinez Molina, Esq., as Subchapter V trustee for Compac USA, Inc. Ms. Molina will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Molina declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Aleida Martinez Molina, Esq. 2121 NW 2nd Avenue, Suite 201 Miami, FL 33127 Telephone: (305) 297-1878 Email: Martinez@subv-trustee.com About Compac USA Inc. Compac USA Inc. is a Florida entity incorporated in 2002 to market and sell Compac stone products. The Debtor specializes in obsidian, terrazzo, and quartz surfaces for architecture and design. The Debtor maintains showrooms in Miami, Florida and New York, New York. Compac USA sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23372) on December 21, 2024. Francisco A. Sanchis-Brines, president of Compac USA, signed the petition. As of November 24, 2024, Compac USA reported total assets of $5,342,926 and total liabilities of $739,872. Judge Corali Lopez-Castro handles the case. The Debtor is represented by: Joseph A. Pack, Esq. Pack Law 51 NE 24th St., #108 Miami, FL 33137 Tel: (305) 916-4500 Email: joe@packlaw.com COMPLETE HEALTH: Seeks to Tap Baumeister Denz as Legal Counsel -------------------------------------------------------------- Complete Health Dentistry of WNY, PC seeks approval from the U.S. Bankruptcy Court for the Western District of New York to employ Baumeister Denz, LLP to handle its Chapter 11 case. Arthur Baumeister, Jr., Esq., the primary attorney in this representation, will be paid at his hourly rate of $375. Prior to the petition date, the firm received a retainer of $20,000. Mr. Baumeister disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Arthur G. Baumeister, Jr., Esq. Baumeister Denz, LLP 174 Franklin Street, Suite 2 Buffalo, NY 14202 Telephone: (716) 852-1300 Email: abaumesiter@bdlegal.net About Complete Health Dentistry of WNY Complete Health Dentistry of WNY, PC is a licensed dentist primarily engaged in the private or group practice of general or specialized dentistry or dental surgery. Complete Health Dentistry of WNY, PC filed Chapter 11 petition (Bankr. W.D.N.Y. Case No. 24-11356) on November 26, 2024, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Carl L. Bucki handles the case. The Debtor is represented by Arthur G. Baumeister, Jr., Esq., at Baumeister Denz, LLP. CONCORDIA ANESTHESIOLOGY: Committee Gets OK to Tap Legal Counsel ---------------------------------------------------------------- The official committee of unsecured creditors appointed in the Chapter 11 case of Concordia Anesthesiology, Inc. received approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Kelley & Clements LLP as its counsel. The firm will render these services: (a) provide the committee with legal advice concerning its statutory powers and duties in connection with the Debtor's Chapter 11 case; (b) assist the committee in investigation of the acts, conduct, assets, liabilities, and financial condition and affairs of the Debtor and the operation of its businesses; (c) participate in the formulation of a plan and analysis of proposals by the Debtor or others in connection with formulation or proposal of a plan; (d) advise and analyze any proposed disposition of assets of the Debtor outside of a plan; and (e) perform such other legal services as may be required and in the interest of the unsecured creditors of the estate. The firm will be paid at these hourly rates: Charles Kelley, Jr., Partner $450 Jonathan Clements, Partner $250 Tammy Winkler, Paralegal $165 In addition, the firm will seek reimbursement for expenses incurred. Mr. Kelley disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles N. Kelley, Jr., Esq. Kelley & Clements LLP P.O. Box 2758 Gainesville, GA 30503 Telephone: (770) 531-0007 Email: ckelley@kelleyclements.com About Concordia Anesthesiology Gainesville-based Concordia Anesthesiology, Inc. filed its voluntary Chapter 11 petition (Bankr. N.D. Ga. Case No. 24-21106) on Sept. 10, 2024, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Jarrod D. Huey, M.D. as chief executive officer and president. Judge James R. Sacca oversees the case. Angelyn M. Wright, Esq., at The Wright Law Alliance, P.C., is the Debtor's bankruptcy counsel. On Oct. 2, 2024, the U.S. Trustee for Region 21 appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Kelley & Clements LLP as its counsel. CONCORDIA ANESTHESIOLOGY: Plan Exclusivity Period Extended ---------------------------------------------------------- Judge James R. Sacca of the U.S. Bankruptcy Court for the Northern District of Georgia extended Concordia Anesthesiology, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to May 8, 2025, and July 8, 2025, respectively. As shared by Troubled Company Reporter, the Debtor claims that it is presently working to negotiate a plan of reorganization with its creditors, but the Debtor requires additional time to allow its operations to stabilize now that it has been given the breathing room afforded by the automatic stay and now that all first day relief has been granted, allowing it to commit its focus to reorganizing its business without the pressures and time commitments inherent in prosecuting first day motions. The Debtor asserts that premature termination of the Exclusivity Periods may engender duplicative expense and litigation associated with multiple competing plans. Any litigation with respect to competing plans and resulting administrative expenses will only decrease recoveries to the Debtor's creditors and significantly delay, if not undermine entirely, the possibility of prompt confirmation of a plan of reorganization. The Debtor further asserts that given the consequences for its estate if the relief requested herein is not granted and the progress made to date, the requested extension of the Exclusivity Periods will not prejudice the legitimate interests of any party in interest in this case. Rather, the extension will further the Debtor's efforts to preserve value and avoid unnecessary and wasteful litigation. Concordia Anesthesiology, Inc., is represented by: Will B. Geer, Esq. Caitlyn Powers, Esq. Rountree, Leitman, Klein & Geer, LLC Century I Plaza 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: wgeer@rlkglaw.com cpowers@rlkglaw.com About Concordia Anesthesiology Gainesville-based Concordia Anesthesiology, Inc. filed its voluntary Chapter 11 petition (Bankr. N.D. Ga. Case No. 24-21106) on Sept. 10, 2024, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Jarrod D. Huey, M.D. as chief executive officer and president. Judge James R. Sacca oversees the case. Angelyn M. Wright, at The Wright Law Alliance, P.C., is the Debtor's bankruptcy counsel. D&D ELECTRICAL: Todd & Levi Represents Kinsley Group ---------------------------------------------------- The law firm of Todd & Levi, LLP ("T&L") filed a verified statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure to disclose that in the Chapter 11 case of D&D Electrical Construction Company Inc., the firm represents Kinsley Group, Inc. Kinsley Group, Inc. has a claim against the Debtor in the amount of approximately $420,000.00 arising from goods sold and delivered to the Debtor for a project known as the Rolex project. T&L was retained by Kinsley to pursue its claims in the bankruptcy proceeding. The firm may be reached at: TODD & LEVI, LLP Jill Levi, Esq. 444 Madison Avenue Suite 1202 New York, New York 10022 (212) 308-7400 About D&D Electrical Construction D&D Electrical Construction Company Inc. is a full service electrical contracting firm. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-22694) on Aug. 6, 2024, with $10 million to $50 million in assets and liabilities. Stephen Buckley, president, signed the petition. Judge Sean H. Lane presides over the case. Julie Curley, Esq., at KIRBY AISNER & CURLEY LLP, is the Debtor's legal counsel. EXTREME RESIDENTIAL: Taps Chalos & Co. as Criminal Defense Counsel ------------------------------------------------------------------ Extreme Residential, S.E., Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Chalos & Co., PC as its special criminal defense counsel. The firm will represent the Debtor in connection with defense of the information and approval of a Plea Agreement it entered with the U.S. Attorney for the District of New Jersey and the U.S. Department of Justice. The firm will be paid at these hourly rates: George Chalos, Attorney $500 Michael Chalos, Attorney $500 Leesa Crain, Legal Secretary $250 The firm also required a retainer of $50,000. George Chalos, Esq., a principal at Chalos & Co., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: George M. Chalos, Esq. Chalos & Co., P.C. 55 Hamilton Avenue Oyster Bay, NY 11771 Telephone: (516) 714-4300 Email: gmc@chaloslaw.com About Extreme Residential S.E. Extreme Residential S.E. Inc., formerly known as Blue Horizon USA Inc., provides premium quality and efficient energy management and indoor air conditioning, providing not only a service but also 360 support. Extreme Residential S.E. Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-62902) on December 5, 2024. In the petition filed by William R. Hires, as CEO, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtor tapped Paul Reece Marr, Esq., at Paul Reece Marr, PC as bankruptcy counsel and George M. Chalos, Esq., at Chalos & Co., P.C. as special criminal defense counsel. FRONTIER DEVELOPMENT: Gets OK to Hire 4 Sons as Real Estate Agent ----------------------------------------------------------------- Frontier Development, LLC received approval from the U.S. Bankruptcy Court for the District of Arizona to employ 4 Sons Realty ESVC as real estate agent. The Debtor needs a real estate agent to list, market, and sell its properties located at: (a) 195 N. Keystone, Miami, Arizona; and (b) 159 N. Keystone Avenue, Miami, Arizona. Veronica Tewksbury, a real estate agent at 4 Sons Realty ESVC, will receive a commission of 6 percent, 3 percent payable to the seller's agent and 3 percent payable to the buyer's agent on each property. Ms. Tewksbury disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Veronica Tewksbury 4 Sons Realty ESVC 470 N. Broad Street, Ste. A Globe, AZ 85501 About Frontier Development Frontier Development, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-07505) on Sept. 9, 2024, with up to $1 million in both assets and liabilities. Ronald J. Ellet, Esq., at Ellet Law Offices, PC serves as the Debtor's bankruptcy counsel. G FAB: Gets OK to Use $145K in Cash Collateral Until Jan. 16 ------------------------------------------------------------ G Fab, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Oregon to use cash collateral until Jan. 16. The interim order signed by Judge Thomas Renn authorized the company to use up to $145,338.78 in cash collateral to pay expenses set forth in its budget, with a 10% variance. Secured creditors JP Morgan Chase Bank, NA, and Kapitas, LLC, were granted a replacement lien on all property acquired by G Fab as protection for the use of their cash collateral. Both creditors assert an interest in the cash collateral by virtue of a UCC-1 Financing Statement filed by CT Corporation System, as representative. JP Morgan Chase Bank holds the first and second blanket security interests in cash collateral and is owed approximately $344,238. Meanwhile, Kapitas holds the third blanket security interest and is owed approximately $216,858. In addition to these creditors, Headway Capital, LLC may claim a security interest. No UCC-1 Financing Statement has been filed in the name of this creditor, however, according to court filings. The final hearing is scheduled for Jan. 16. About G Fab Inc. G Fab Inc. is a specialty contractor that serves the White City, Oregon area and specializes in structural steel. G Fab sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Or. Case No. 24-62739) on December 12, 2024, with $1 million to $10 million in both assets and liabilities. Tracey Glenn, resident of G Fab, signed the petition. Judge Thomas M. Renn handles the case. The Debtor is represented by: Keith Y Boyd, Esq. Keith Y Boyd, PC 724 S Central Ave 106 Medford, OR 97501 Tel: (541) 973-2422 Email: keith@boydlegal.net GA EXPRESSTRANS: Andrew Layden Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 21 appointed Andrew Layden as Subchapter V trustee for GA Expresstrans. LLC. Mr. Layden will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Layden declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew Layden 200 S. Orange Avenue, Suite 2300 Orlando, Florida 32801 Telephone: 407-649-4000 Email: alayden@bakerlaw.com About GA Expresstrans GA Expresstrans. LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-06938) on December 20, 2024, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Lori V. Vaughan presides over the case. Daniel A. Velasquez, Esq., at Latham, Luna, Eden & Beaudine, LLP represents the Debtor as legal counsel. GA VIEWS: Seeks to Hire Weiss Law Group as Legal Counsel -------------------------------------------------------- GA Views Management, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ The Weiss Law Group, LLC as counsel. The firm will provide these services: (a) advise the Debtor with respect to its powers, rights, and duties; (b) provide legal advice and consultation related to the legal and administrative requirements of this case; (c) take appropriate actions to protect and preserve the estate; (d) prepare appropriate documents and pleadings; (e) represent the Debtor's interests at any status conferences, any disclosure statement and confirmation hearings, and other hearings before this court; (f) assist and advise the Debtor in the formulation, negotiation, and implementation of a disclosure statement and Chapter 11 Plan and all documents related thereto; (g) assist and advise the Debtor with respect to negotiation, documentation, implementation, consummation, and closing of transactions; (h) assist and advise the Debtor with respect to the use of cash collateral, obtain financing, and negotiate, draft, and seek approval of any documents related thereto; (i) review and analyze claims filed in this case, and advise and represent the Debtor in connection with objections to such claims; (j) assist and advise the Debtor with respect to executory contracts and unexpired leases; (k) coordinate with other professionals employed in the case; (l) review and analyze applications, orders, motions, and other pleadings and documents filed with the Bankruptcy Court and advising the Debtor thereon; and (m) assist the Debtor in performing such other services as may be in the interest of it and the estate and performing all other legal services. The firm's counsel and staff will be paid at these hourly rates: Brett Weiss, Attorney $595 Associates $250 Paralegals $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the filing, the firm received a retainer of $15,000 from R&M Management Services, LLC. Mr. Weiss disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brett Weiss, Esq. The Weiss Law Group, LLC 8843 Greenbelt Road, Box 299 Telephone: (301) 924-4400 Facsimile: (240) 627-4186 Email: brett@BankruptcyLawMaryland.com About GA Views Management LLC GA Views Management LLC is the fee simple owner of real property located at 3557-3559 Georgia Avenue NW, Washington, DC 20010 valued at $12 million. GA Views Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 24-00339) on Oct. 9, 2024. In the petition filed by Hector Rodriguez, as managing member, the Debtor reports total assets of $12,000,000 and total liabilities of $8,553,000. Judge Elizabeth L. Gunn oversees the case. Brett Weiss, Esq., at The Weiss Law Group, LLC serves as the Debtor's counsel. GENESIS CONSTRUCTION: Law Offices of Elizabeth Advises SBT & SAWS ----------------------------------------------------------------- The law firm of the Law Offices of Elizabeth G. Smith filed a verified statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure to disclose that in the Chapter 11 case of Genesis Construction Group Inc., the firm represents: 1. SchertzBank & Trust ("SBT"), 519 Main Street, Schertz, Texas 78154, a secured creditor; and 2. City of San Antonio acting by and through San Antonio Water System ("SAWS"), P.O. Box 2449, San Antonio, Texas 78298 -2449, an unsecured creditor. The Firm represents SBT concerning a commercial note obligation owed by Debtor; the potential filing of motion for relief from automatic stay and foreclosure of the collateral secured by personal property related to the note obligations; and, the preparation and filing of Proof of Claim for the note obligation. The Firm represents SAWS concerning negotiations with Debtor's counsel for return of a fire hydrant/water meter to SAWS and Debtor's pre-petition sums owed for water usage operating its business and filing of a Proof of Claim for prepetition debt. Both Schertz Bank & Trust and San Antonio Water System have been advised of the scope of the representation of each entity and both have waived any perceived or actual conflict of interest. The law firm can be reached at: Law Offices of Elizabeth G. Smith Elizabeth G. Smith, Esq. 6655 First Park Ten, Suite 240 San Antonio, Texas 78213 P: 210-731-9177 F: 210-731-9130 Email: beth@egsmithlaw.com About Genesis Construction Group Genesis Construction Group Inc. offers unparalleled expertise in restoration, remodeling, and commercial contracting. Genesis Construction Group Inc. sought relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-52089) on Oct. 22, 2024. In the petition filed by David Tidwell, as president, the Debtor estimated assets and liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Craig A. Gargotta handles the case. The Debtor is represented by Morris E. "Trey" White, III, Esq. at VILLA & WHITE LLP. GLASS MANAGEMENT: Court Extends Use of Cash Collateral to Feb. 5 ---------------------------------------------------------------- Glass Management Services, Inc. obtained an order from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, extending its authority to use the cash collateral of Old National Bank until Feb. 5. The interim order authorized the company to use its secured creditor's cash collateral to pay expenses in accordance with its budget. The budget shows total projected expenses of $231,791.43 for January. ONB's interest in the assets will be protected by a replacement lien on the post-petition assets of the company; a monthly payment of $30,000; and a superpriority administrative expense claim to the extent that the replacement lien does not adequately protect its interest. The next hearing is scheduled for Feb. 5. About Glass Management Glass Management Services, Inc. is a construction contractor based in Illinois, specializing in glazing services. Established with a focus on high-profile projects, the company has been involved in significant developments, including the Obama Presidential Library, Terminal 5 at O'Hare Airport, and multiple Chicago Public Schools and CTA transit stations. Glass Management Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-14036) with $3,029,997 in assets and $11,989,444 in liabilities. Ernest B. Edwards, president of Glass Management Services, signed the petition. Hon. Janet S. Baer presides the case. David P. Leibowitz, Esq., at Leibowitz, Hiltz & Zanzig, LLC represents the Debtor as legal counsel. GMT 3435 REALTY: Seeks to Tap Penachio Malara as Legal Counsel -------------------------------------------------------------- GMT 3435 Realty, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Penachio Malara, LLP as counsel. The firm will render these services: (a) assist in the administration of its Chapter 11 proceeding, the preparation of operating reports and complying with applicable law and rules; (b) review claims and resolve claims which should be disallowed; and (c) assist in reorganizing and confirming a Chapter 11 plan or implementing an alternative exit strategy. The firm's counsel and staff will be paid at these hourly rates: Francis Malara, Attorney $495 Anne Penachio, Attorney $450 Paralegal $225 The firm received a retainer of $15,000 exclusive of filing fee from the Debtor. Ms. Penachio disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Anne Penachio, Esq. Penachio Malara, LLP 245 Main Street-Suite 450 White Plains, NY 10601 Telephone: (914) 946-2889 About GMT 3435 Realty GMT 3435 Realty LLC is primarily engaged in renting and leasing real estate properties. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-36191) on December 8, 2024. In the petition signed by George Gojcaj, manager, the Debtor disclosed up to $10 million in both assets and liabilities. Anne Penachio, Esq., at Penachio Malara, LLP, represents the Debtor as legal counsel. HAPPY BELLY: Seeks to Tap Goldbach Law Group as Insolvency Counsel ------------------------------------------------------------------ Happy Belly Enterprise, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Goldbach Law Group as its general insolvency counsel. The firm will render these services: (a) pre-petition counseling, several meetings and phone calls, discussions concerning the various chapter, the benefits and disadvanatges of the filing of a Chapter 11 case and the Debtor's rights and responsibilities; (b) document preparation; (c) consult the Debtor concerning documents needed and reports to be prepared and consultation with other professionals to be employed; (d) assist the Debtor in preparation of documents for compliance with the requirements of the Office of the United States Trustee; (e) negotiate with secured and unsecured creditors regarding the amount and payment of their claims; (f) discuss with the Debtor concerning Plan of Reorganization; (g) prepare the Chapter 11 plan of reorganization and any amendments/changes to the same; (h) submission of ballots to creditor, tally of ballots and submissions to the court; (i) response to any objections to plan; and (j) response to any otions for relief from stay, motions to dismiss or any other motions or contested matters. The firm received a retainer of $15,000 from the Debtor. Marc Aaron Goldbach, Esq., attorney at Goldbach Law Group, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Marc Aaron Goldbach, Esq. Goldbach Law Group 111 W. Ocean Blvd., Suite 400 Long Beach, CA 90802 Telephone: (562) 696-058 Facsimile: (888) 771-5425 Email: marc.goldbach@goldbachlaw.com About Happy Belly Enterprise Happy Belly Enterprise, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-17498) on December 15, 2024, listing under $1 million in both assets and liabilities. Judge Scott H. Yun oversees the case. Marc Aaron Goldbach, Esq., at Goldbach Law Group serves as the Debtor's counsel. HAZ MAT SPECIAL: Unsecureds Will Get 100% of Claims over 60 Months ------------------------------------------------------------------ Haz Mat Special Services, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Disclosure Statement in support of First Amended Plan of Reorganization dated December 17, 2024. Founded in 2016, the Debtor is an emergency response service that specializes in responding to emergency situations involving hazardous materials, industrial fires, explosions, Chem/Bio, WMDs, radiologicals (TENORM) or weather-related events. The Debtor suffered a liquidity shortfall in 2023 after customers of several large projects failed to make payment for services provided by the Debtor. The loss the Debtor incurred from the projects caused significant strain on the Debtor's revenue and cash flow, thereby causing the Debtor to get behind in its accounts payable. After twenty-four years of strenuous work in environments plagued with hazardous waste, and after losing the confidence of his close colleagues, the Debtor's owner, Joshua Williams, made the tough decision to shut down the Debtor's operations in the summer of 2024. Since filing bankruptcy, the Debtor has revived its operations through the work generated from the damage caused by Hurricanes Beryl, Helene and Kirk. The Debtor is currently generating approximately $75,000 per day from operations. The primary purpose of the Plan is to facilitate the resolution and treatment of the Debtor's outstanding Claims and Liens. The Plan constitutes a chapter 11 reorganization plan for the Debtor. In summary, the Plan provides that: (i) Priority Tax Claims shall be paid in full in the first twelve months of the plan; (ii) all Holders of Allowed Secured Claims will be paid in full in sixty months; and (iii) all Holders of General Unsecured Claims will be paid in full in sixty months. Class 10 consists of Holders of Allowed General Unsecured Claims. The Holders of Allowed General Unsecured Claims assert claims against the Debtor in the aggregate amount of $840,000.00. Within thirty days after the Effective Date, the Debtor shall commence making sixty monthly installment payments that will amount to 100% of the Allowed General Unsecured Claims. Each Holder of an Allowed General Unsecured Claim shall receive its pro rata share of the monthly installments. Class 10 is Impaired. In the event the Holders of Allowed General Unsecured Claims do not receive timely tender of the payments, each Holder may send written notice by Certified Return Receipt Requested Mail, postage prepaid, to Debtor and Counsel for Debtor, and Debtor shall have 30 days from the date of such written notice to cure such delinquent payments, failing which the Holders of Allowed General Unsecured Claims may pursue all legal and contractual remedies against the Debtor that are available to them for breach of contract. Cure payments must be made by certified funds to the Holders of Allowed General Unsecured Claims. Class 11 shall include only the Allowed Equity Claim of Joshua Williams. Mr. Williams, the only Holder of a Class 11 Claim, is not entitled to vote on the Plan. Upon the Effective Date, Mr. Williams shall retain his equity interest in the Reorganized Debtor. From and after the Effective Date, the Debtor will continue to exist as the Reorganized Debtor. As shown in the projections attached to the Plan, the Debtor anticipates generating approximately $500,000 per month in receipts through its operations. The revenue generated through operations will be sufficient to pay all Holders of Allowed Claims one hundred percent of their claims within sixty months. Mr. Williams shall be the disbursing agent of all payments made under the Plan. A full-text copy of the Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=txEfHa from PacerMonitor.com at no charge. Counsel to the Debtor: Brandon J. Tittle, Esq. Tittle Law Group, PLLC 5465 Legacy Dr., Ste. 650 Plano, TX 75024 Tel: (972) 731-2590 Email: btittle@tittlelawgroup.com About Haz Mat Special Services Haz Mat Special Services LLC HMSS specializes in 24/7 emergency response Services and is ready for the most challenging circumstances involving hazardous materials incidents in all modes of transportation & fixed sites. The Company's focus is responding to emergency situations involving hazardous materials, industrial fires, explosions, Chem/Bio, WMDs, radiologicals (TENORM) or weather related events occur. Haz Mat Special Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-34269) on Sept. 13, 2024. In the petition filed by Joshua Williams, as sole member, the Debtor estimated assets between $10 million and $50 million and liabilities between $1 million and $10 million. The Debtor is represented by Brandon Tittle, Esq. at TITTLE LAW GROUP, PLLC. HIRSCH GLASS: Gets Final OK to Use $1.95M in Cash Collateral ------------------------------------------------------------ Hirsch Glass Corporation received final approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral. The final order authorized the company to use cash collateral up to the aggregate amount of $1.95 million to maintain its assets and continue the operation of its business. Bank of America was granted a replacement lien on the company's post-petition collateral, with the same priority as its pre-bankruptcy lien. As additional protection, the bank will receive a monthly principal payment of $211,000 and interest payments and will be granted a superpriority administrative expense claim, senior to all claims against the company. About Hirsch Glass Corporation Hirsch Glass Corporation is a stone supplier in New Jersey. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 24-20881) on November 1, 2024, with $6,562,458 in assets and $2,554,600 in liabilities. Helen Zhao, partner and executive vice president, signed the petition. Judge Mark Edward Hall oversees the case. Marc C. Capone, Esq., at Gillman Capone, LLC, represents the Debtor as legal counsel. HOLOGENIX LLC: Taps Theodora Oringher as Special Litigation Counsel ------------------------------------------------------------------- Hologenix, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Theodora Oringher PC as special litigation counsel. The firm will provide legal advice, negotiation, representation, and litigation services to the Debtor in connection with its response to the anticipated motion for a finding of contempt against the Debtor as described in Multiple Energy Technologies LLC's (MET) stay-relief motion and as limited by the stay-relief order. The firm will be paid at these hourly rates: Senior Attorneys $450 - $595 Scott Behrendt, Attorney $450 Associates $350 Practice Technology Professionals $175 Paralegals $175 The firm also requested a retainer of $30,000 from the Debtor. Mr. Behrendt disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Scott K. Behrendt, Esq. Theodora Oringher P.C. 1840 Century Park E., Ste. 500 Los Angeles, CA 90067 Telephone: (310) 557-2009 About Hologenix LLC Pacific Palisades, Calif.-based Hologenix, LLC is the inventor of Celliant technology (https://celliant.com), a patented, clinically-tested textile technology that harnesses and recycles the body's natural energy. Hologenix filed its voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 20-13849) on April 22, 2020. In the petition signed by Seth Casden, chief executive officer, the Debtor listed as much as $10 million in both assets and liabilities. Judge Barry Russell oversees the case. Levene, Neale, Bender, Yoo & Brill L.L.P. represents the Debtor as bankruptcy counsel. The Debtor also hired Tucker Ellis LLP, Troutman Sanders LLP, Dermer Behrendt, Theodora Oringher PC, Buchalter, and Fisher & Phillips LLP as special counsel. The Colony Group, LLC and M&G Partners, LLP serve as the Debtor's accountants. HOOPER'S RE: Gets OK to Hire Shimanek Law as Bankruptcy Counsel --------------------------------------------------------------- Hooper's RE Holdings, LLC received approval from the U.S. Bankruptcy Court for the District of Montana to employ Shimanek Law PLLC as legal counsel. The firm will render general counseling and local representation before the Bankruptcy Court in connection with this case. The hourly rates of the firm's counsel and staff are as follows: Matt Shimanek, Attorney $300 Staff $100 In addition, the firm will seek reimbursement for expenses incurred. The firm holds a retainer of $3,912 from the Debtor. Mr. Shimanek disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Matt Shimanek, Esq. Shimanek Law PLLC 317 East Spruce St. Missoula, MT 59802 Telephone: (406) 544-8049 Email: matt@shimaneklaw.com About Hooper's Re Holding Hooper's Re Holding LLC is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). Hooper's Re Holding LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 24-90233) on November 26, 2024. In the petition filed by Philip Aitken, managing member, the Debtor disclosed between $1 million and $10 million in both assets and liabilities. IDEANOMICS INC: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Ideanomics, Inc. About Ideanomics Inc. New York, N.Y.-based Ideanomics, Inc. is a global electric vehicle company that is focused on driving the adoption of electric commercial vehicles and associated sustainable energy consumption. It is made up of 5 subsidiaries including: VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid. Ideanomics Inc. and seven of its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-12728) on December 4, 2024. In its petition, the Debtor reports assets between $50 million and $100 million and liabilities ranging from $100 million to $500 million. Foley & Lardner LLP serves as the Debtors' general bankruptcy counsel and Ashby & Geddes, P.A. acts as the Debtors' Delaware co-counsel. The Debtors tapped Epiq Corporate Restructuring as noticing and claims agent. Riveron Management Services, LLC is the Debtors' CRO and financial advisor, and SSG Advisors, LLC is the Debtors' investment banker and financial adviser. INTERFREIGHT SYSTEMS: Matthew Brash Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 11 appointed Matthew Brash of Newpoint Advisors Corporation as Subchapter V trustee for Interfreight Systems, Inc. Mr. Brash will be paid an hourly fee of $410 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Brash declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Matthew Brash Newpoint Advisors Corporation 655 Deerfield Road, Suite 100-311 Deerfield, IL 60015 Tel: (847) 404-7845 About Interfreight Systems Inc. Interfreight Systems Inc. provides comprehensive logistics and transportation services that connect businesses to markets worldwide. Interfreight Systems sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-18891) on December 18, 2024, with total assets of $828,100 and total liabilities of $1,549,076. Viktor Kotsev, president of Interfreight Systems, signed the petition. The Debtor is represented by: David Freydin, Esq. Law Offices of David Freydin 8707 Skokie Blvd Suite 305 Skokie, IL 60077 Tel: 888-536-6607 Fax: 866-575-3765 Email: david.freydin@freydinlaw.com JDC RENTALS: JDC Unsecureds to Split $6K in Plan ------------------------------------------------ JDC Rentals, LLC and Jordan Dale Call filed with the U.S. Bankruptcy Court for the District of Arizona a Joint Plan of Reorganization for Small Business. JDC is a real estate holding company that owns one property located at 985 S. Main Street, Snowflake, Arizona 85937 (the "Main Property"). Call owns a multiplex building with five units located at 79 W. Brimhall Lane, Taylor, Arizona 85939 ("Brimhall Property"), which is subject to a first and second mortgage. JDC is dedicating $6,000.00 for the payment of its unsecured creditors out of future rents and Call is dedicating $7,000.00 for the payment of his unsecured creditors out of future wages, both paid over the term of the Plan, so that unsecured creditors will receive a distribution that is better than unsecured creditors would receive in a Chapter 7 liquidation. This Plan of Reorganization proposes to pay creditors of JDC and Call from cash flow from their operations of future income. Class J3 consists of Non-priority unsecured claims against JDC. The creditors with allowed unsecured claims in Class 3 shall be paid in quarterly installments their pro rata share of funds paid into the Plan Fund after all administrative, and priority claims are paid in full and concurrently with payments to secured creditors, their pro-rata share of $6,000. This Class is impaired. Class C3 consists of Non-priority unsecured claims against Call. The creditors with allowed unsecured claims in Class 3 shall be paid in quarterly installments their pro rata share of funds paid into the Plan Fund after all administrative, and priority claims are paid in full, and concurrently with payments to secured creditors, their pro-rata share of $7,000. This Class is impaired. The Debtors shall each establish a separate Plan Fund for the management of all funds for distribution to creditors and claimants under the terms of the Plan. A full-text copy of the Joint Plan dated December 16, 2024 is available at https://urlcurt.com/u?l=dwj7ka from PacerMonitor.com at no charge. Attorneys for the Debtors: D. Lamar Hawkins, Esq. Guidant Law PLC 402 E. Southern Ave. Tempe, AZ 85282 Telephone: (602) 888-9229 Facsimile: (480) 725-0087 Email: lamar@guidant.law About JDC Rentals JDC Rentals, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-07708) on Sept. 16, 2024, with up to $500,000 in assets and up to $10 million in liabilities. Jordan Dale Call, sole member and manager of JDC Rentals, signed the petition. Judge Daniel P. Collins oversees the case. D. Lamar Hawkins, Esq., at Guidant Law PLC, serves as the Debtor's bankruptcy counsel. JOHNSON & JOHNSON: Non Party Seeks to Quash Deposition Subpoena --------------------------------------------------------------- Non-party Amgen Inc. seeks to quash deposition subpoena of CareFirst Of Maryland, Inc., in the case captioned as CareFirst of Maryland, Inc. et al. v. Johnson & Johnson et al., C.A. 2:23-cv-00629 (E.D. Va.), assigned to Judge Jamar K. Walker, and referred to Judge Lawrence R. Leonard. Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets. [BN] Amgen Inc. is represented by: M.F. Connell Mullins, Jr., Esq. John M. Erbach, Esq. SPOTTS FAIN P.C. 411 East Franklin St., Suite 600 Richmond, VA 23219 Telephone: (804) 697-2000 Facsimile: (804) 697-2100 Email: cmullins@spottsfain.com jerbach@spottsfain.com - and - Siegmund Y. Gutman, Esq. Chelsea L. Ostrer, Esq. 2049 Century Park East, Suite 300 Los Angeles, CA 90067 Telephone: (310) 586-3200 Email: sgutman@mintz.com clostrer@mintz.com - and - Gourdin W. Sirles, Esq. MINTZ, LEVIN, COHN, FERRIS GLOVSKY, AND POPEO, P.C. One Financial Center Boston, MA 02111 Telephone: (617) 542-6000 Email: gsirles@mintz.com LALA'S SANGRIA: Amends Unsecured Claims Pay Details --------------------------------------------------- LaLa's Sangria Bar, LLC, submitted an Amended Subchapter V Plan of Liquidation dated December 16, 2024. This is a liquidating plan. The Plan will be funded from the proceeds of the sale of the Debtor's assets to the Purchaser. A number of creditors assert liens or security interests against the Debtor's property. The Debtor continues to evaluate the liens and security interests asserted by the creditors. Excluding the security deposits held by the landlord and TECO, the Debtor believes the value of its assets is less than $30,000.00. The Debtor has reached a global settlement with Stone Bank with respect to its secured claim, and the motion to approve the compromise of controversy and settlement agreement with Stone Bank has been filed in the Bankruptcy Case. The Debtor has also negotiated with the SBA with respect to the treatment of its claims and obtained orders determining the secured status of all of the secured creditors, with the exception of Advanta IRA Services, LLC, whose claim is secured by the Debtor's liquor license. The Debtor estimates its general unsecured claims, including estimated deficiency claims, are approximately $1,026,703.81. Class 12 consists of the Allowed General Unsecured Claims that are not otherwise classified. The holder(s) of Allowed General Unsecured Claim(s) shall receive its pro rata share of the Unsecured Creditor Fund. The pro rata share of any distributions on account of any Allowed Class 12 Claim will be calculated as a fraction of the amount of any such distribution, the numerator of which shall be the Allowed amount of the Class 12 Claim and the denominator of which shall be the aggregate Allowed amount of all Allowed Class 12 Claims. Class 12 is Impaired, and the holders of Allowed Class 12 Claims are entitled to vote to accept or reject the Plan. The Plan will be funded by the Sale Proceeds paid by the Purchaser and the Debtor's cash on hand. The Operating Reserve of $10,000.00 shall be used to pay the Debtor's pre-closing expenses which are due and payable after the closing date. To the extent such amounts are not needed to pay the pre-closing operating expenses of the Debtor, such amounts shall become part of the Unsecured Creditor Fund and distributed pro-rata to the Holders of Allowed Class 12 Claims. Allowed Administrative Expense Claims, Priority Tax Claims, and Priority Claims will be paid in full from the Sale Proceeds on the Effective Date or as may be otherwise provided by the Plan or agreed by the Purchaser and the Holder of the Allowed Claim. Allowed Class 12 General Unsecured Claims will receive their pro rata share of the Unsecured Distribution Fund. A full-text copy of the Amended Subchapter V Liquidating Plan dated December 16, 2024 is available at https://urlcurt.com/u?l=ZR9Wgi from PacerMonitor.com at no charge. Counsel to the Debtor: Bush Ross, P.A. Kathleen L. DiSanto, Esq. Post Office Box 3913 Tampa, Florida 33601-3913 Email: kdisanto@bushross.com About LaLa's Sangria Bar LLC LaLa's Sangria Bar LLC, a restaurant in Tampa Bay, Fla., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-03389) on June 14, 2024. Judge Roberta A. Colton oversees the case. The Debtor tapped Kathleen DiSanto, Esq., at Bush Ross, PA as counsel and Terrence Oraha, CPA, PLLC as accountant. LOUKYA INC: Seeks to Hire Manu Rajvanshi as Bankruptcy Counsel -------------------------------------------------------------- Loukya, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Manu Rajvanshi, Esq., an attorney practicing in Edison, New Jersey, as its legal counsel. The attorney will provide the following services: (a) analyze the Debtor's financial situation, and render advice; (b) prepare and file any petition, schedules, statements, reports, and required plans; and (c) represent the Debtor at the meetings, hearings and any other proceedings. The attorney will be paid at his discounted hourly rate of $250 and will receive a retainer of $3,500 from the Debtor. Mr. Rajvanshi disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: Manu Rajvanshi, Esq. 1091 Amboy Ave, Suite J Edison, NJ 08837 Telephone: 732) 404-7000 Email: manu@justiceontime.com About Loukya Inc. Loukya, Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-20055) on October 10, 2024, listing under $1 million in both assets and liabilities. Judge Michael B. Kaplan oversees the case. Manu Rajvanshi, Esq., represents the Debtor as legal counsel. MADDIEBRIT PRODUCTS: Taps Brent Meyer CPA & Assoc. as Accountant ---------------------------------------------------------------- MaddieBrit Products, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Brent Meyer, CPA & Associates, Inc. as certified public accountant. The firm will provide these services: (a) prepare and file the Debtor's necessary state and federal tax returns; (b) prepare the Debtor's end of the year (2024) financial statements; and (c) advise the Debtor of the tax consequences and tax related issues from the potential sale of its assets to the stalking-horse bidder whom it is in active negotiations with. The hourly rates of the firm's professionals are as follows: Partners $485 Tax Managers $285 - $340 Tax Staff and Accounting Staff $145 - $210 The firm received a retainer of $12,500 from the Debtor. Brent Meyer, founder of Brent Meyer, CPA & Associates, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brent Meyer, CPA Brent Meyer, CPA & Associates, Inc. 16133 Ventura Blvd., Ste. 625 Telephone: (818) 501-8427 About MaddieBrit Products MaddieBrit Products, LLC offers eco-friendly cleaning products that provide healthier, effective, and safer alternatives to conventional home cleaning products. MaddieBrit Products filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-10682) on July 18, 2024. In the petition signed by Michael Edell, chief executive officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Ronald A. Clifford, III oversees the case. The Debtor tapped Craig Margulies, Esq., at Margulies Faith, LLP as counsel and Brent Meyer, CPA & Associates, Inc. as accountant. MAT TRANSPORT: Gets OK to Tap NAI FMA Realty as Real Estate Broker ------------------------------------------------------------------ Mat Transport, Inc. received approval from the U.S. Bankruptcy Court for the District of Arizona to employ NAI FMA Realty as broker. The Debtor needs a broker to sell its property located at 3000 Silverberg Dr., Sidney, Nebraska. The firm will receive a 6 percent commission of the property's gross sale price, which will be split between the broker and the buyer's agent if the buyer is represented. NAI FMA Realty represents no interest adverse to the Debtor or to the estate on the matters upon which it is to be engaged. The firm can be reached through: Marc Hausmann Tim Dornbos NAI FMA Realty 1248 O St., Ste. 550 Lincoln, NE 68508 Telephone: (402) 441-5800 Facsimile: (402) 441-5805 Email: mhausmann@naifma.com tdornbos@naifma.com About Mat Transport Mat Transport, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-05932) on July 22, 2024. In the petition signed by Marko Tomovic, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Madeleine C. Wanslee oversees the case. D. Lamar Hawkins, Esq., at Guidant Law, PLC, serves as the Debtor's counsel. MCMULLEN BRAND: Court OKs Continued Use of Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of California, Oakland Division, granted The McMullen Brand, Inc. authorization to continue using cash collateral. McMullen Brand was authorized to continue using cash collateral through the earlier of confirmation of the company's Chapter 11 plan of reorganization (expected in February), conversion or dismissal of its bankruptcy case, or removal of the debtor-in-possession. The company must operate its business in accordance with its budget and its actual disbursements must not exceed budgeted disbursements by more than 10% per line item, calculated monthly. The budget outlines the company's projected expenses of $225,140.61 for January and $224,301.56 for February. Secured creditors Community Bank of the Bay and the U.S. Small Business Administration received and will continue to hold post-petition replacement liens on all cash collateral generated post-petition to the same extent and with the same validity and priority as their pre-bankruptcy liens. In addition, McMullen Brand will make monthly payments of $2,927.17 and $1,000 to Community Bank of the Bay and SBA, respectively. About The McMullen Brand The McMullen Brand, Inc. is an all-inclusive concept shop for luxury fashion. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 24-41259) on August 20, 2024, with $500,001 to $1 million in assets and $1 million to $10 million in liabilities. Judge Charles Novack presides over the case. Ryan A. Witthans, Esq., at Finestone Hayes, LLP represents the Debtor as legal counsel. METRO MATTRESS: Seeks to Hire NextPoint LLC as Financial Advisor ---------------------------------------------------------------- Metro Mattress Corp. seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to employ NextPoint LLC as financial advisor. The firm will render these services: (a) review the Debtor's cash position, financial plans, strategic plans, and business alternatives; (b) review and assess the pre-petition management of the Debtor's business; (c) evaluate the Debtor's operations and ongoing viability as a going concern; (d) value the Debtor's assets and assist in preparation of a liquidation analysis; and (e) any additional services that the Debtor deems appropriate and feasible in order to advise it in the course of this Chapter 11 case. The firm will be paid at these hourly rates: Ronald Teplitsky, Partner $325 Other Partners $325 In addition, the firm will seek reimbursement for expenses incurred. Mr. Teplitsky disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ronald Teplisky, Esq. NextPoint LLC 374 Delaware Ave. Buffalo, NY 14202 Telephone: (716) 847-1485 About Metro Mattress Corp. Metro Mattress Corp. is specialty retailer of mattresses serving New York, Connecticut, New Hampshire, Massachusetts, and Rhode Island customers. Metro Mattress Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 24-30773) on September 4, 2024. In the petition filed by Dino Cifelli, chief executive officer, the Debtor disclosed estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Judge Wendy A. Kinsella oversees the case. The Debtor tapped Barclay Damon LLP as bankruptcy counsel, Mackenzie Hughes LLP as special labor and employment counsel, and NextPoint LLC as financial advisor. MONTEREY CAPITOLA: Gina Klump Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Region 17 appointed Gina Klump, Esq., at the Law Office of Gina R. Klump, as Subchapter V trustee for Monterey Capitola, LLC. Ms. Klump will be paid an hourly fee of $500 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Klump declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gina Klump, Esq. Law Office of Gina R. Klump 11 5th Street, Suite 102 Petaluma, CA 94952 Phone: (707) 778-0111 Email: gklump@klumplaw.net About Monterey Capitola LLC Monterey Capitola, LLC is primarily engaged in renting and leasing real estate properties. Monterey Capitola LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 24-51916) on December 17, 2024. In the petition filed by Steven M Davis, as sole member, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge M Elaine Hammond handles the case. The Debtor is represented by: Joan M Chipser, Esq. JOAN M. CHIPSER, ATTORNEY-AT-LAW 1 Green Hills Court Millbrae CA 94030 Tel: (650) 697-1564 Email: joanchipser@sbcglobal.net NATURE COAST: Seeks to Hire Michael H. Moody Law as Legal Counsel ----------------------------------------------------------------- Nature Coast Development Group, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Michael H. Moody Law, PA as counsel. The firm will provide these services: (a) advise the Debtor of its powers and duties in the continued operation of its business and management of its property; (b) negotiate, draft, and pursue all documentation necessary in this Chapter 11 case; (c) prepare on behalf of the Debtor legal papers necessary to the administration of its estate; (d) appear in court and protect the interests of the Debtor before the court; (e) assist with any disposition of the Debtor's assets, by sale or otherwise; (f) negotiate and take all necessary or appropriate actions in connection with any Chapter 11 plan and all related documents thereunder and transactions contemplated therein; (g) attend meetings and negotiate with representatives of creditors, the United States Trustee, and other parties-in-interest; (h) provide legal advice regarding bankruptcy law, corporate law, corporate governance, securities, employment, transactional, tax, labor, litigation, intellectual property and other issues to the Debtor in connection with the its ongoing business operations; (i) take all necessary actions to protect and preserve the Debtor's estate; and (j) perform other legal services for, and provide other necessary legal advice to, the Debtor, which may be necessary and proper in this Chapter 11 case. The firm's hourly rates are as follows: Attorneys $450 Paralegals $285 In addition, the firm will seek reimbursement for expenses incurred. The firm received an advanced payment retainer of $100,000 from a non-debtor, third-party, Villasis, LLC. Michael Moody, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael H. Moody, Esq. Michael H. Moody Law, P.A. 1350 Market Street, Ste. 224 Tallahassee, FL 32312 Telephone: (850) 739-6970 Facsimile: (850) 739-6970 Email: Michael.Moody@MichaelHMoodyLaw.com About Nature Coast Development Group Nature Coast Development Group, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 24-10201) on Oct. 7, 2024. In the petition signed by Marites Padot, president, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Karen K. Specie oversees the case. Michael H. Moody Law, PA serves as the Debtor's counsel. NEW CHALLENGE: Seeks to Tap Padgett Business Services as Accountant ------------------------------------------------------------------- New Challenge Products, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Padgett Business Services as accountant. The firm will render bookkeeping, reconcile accounts, prepare monthly Debtor reports, and prepare, amend and file tax returns. The firm will charge $1,250 for its services. Kendall Case, an accountant at Padgett Business Services, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kendall Case Padgett Business Services 19550 S. Harlem Ave., Unit 1 Frankfort, IL 60423 Telephone: (708) 960-4076 About New Challenge Products New Challenge Products, Inc. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-15567) on Oct. 18, 2024, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Jacqueline P. Cox presides over the case. The Debtor tapped David P. Lloyd, Esq., at David P. Lloyd, Ltd. as counsel and Kendall Case at Padgett Business Services as accountant. NIRVANA INVESTMENT: Unsecureds Will Get 100% over 24 Months ----------------------------------------------------------- Nirvana Investment Group, LLC, filed with the U.S. Bankruptcy Court for the Northern District of California a Disclosure Statement describing Chapter 11 Plan. The Debtor filed for Chapter 11 protection on September 10, 2024. Debtor is currently operating as a Debtor in Possession under the Bankruptcy Code as a real estate developer. The debtor's sole real property at 235 Harcross Road, Woodside, CA was being foreclosed upon by its construction loan lender, Verity Capital Group, LLC, due to a dispute in what was owing and what should have been disbursed to debtor. The debtor contended that Verity had withheld the construction funds preventing the debtor from the completion the construction of the real property as planned. As the debtor was unable to resolve the dispute and could not continue with construction, the debtor was forced to file for Chapter 11 to prevent the foreclosure of the property. The debtor's plan proposes to pay all secured debt in full to the extent the holder of the debt has filed a timely proof of claim or interest, or has such claim or interest listed in Debtor's schedules of assets and liabilities in the same amount and such claim or interest is not listed therein as disputed or contingent, and (ii) as of the Effective Date, no party in interest (including the debtor) has filed a timely objection, or (b) the claim or interest has been allowed by final order of the Bankruptcy Court. The plan further offers to pay 100 percent on the allowed unsecured and deficiency claims. The debtor intends to do so by sale or refinance of its sole real property after the property has been completely renovated. The purpose of the plan is to allow the debtor time to complete the development of, to market and to sell its real property at 235 Harcross Road, Woodside, California in order to pay off all claims against the debtor. The debtor does not intend to keep the real property except to sell it within the time frame of this plan. The plan provides the debtor with the option to refinance and to pay off any individual creditor at any time after confirmation of the plan upon terms no less favorable than what is stated in the treatment of each creditor's claim as set forth in Paragraph B of the plan (Treatment of Classified Claims) unless said creditor consents to less favorable terms. The pre-petition balance of the unsecured claims is approximately $35,000. This plan proposes to pay the allowed unsecured claims over approximately 24 months at $1519.87 per month. Interest will accrue at the rate of 4% per annum on these claims. Class I consists of all allowed unsecured claims. All creditors in this class shall receive 100% or, approximately $35,000 of the total claims or an estimated $1519.87 per month over 24 months. Interest at the rate of 4% per annum will accrue on the unpaid balance commencing from the effective date of the plan. Furthermore, payment will commence 20 days after the effective date of the plan until the property has been sold or refinanced, whichever occurs first. The payments will continue until all allowed claims have been paid unless a particular claim has been dismissed, waived or denied by court order. This portion of the plan will take approximately 2 years to complete. Debtor reserve the right to object to any particular claim as to amount or validity. Should the real property not be sold or if the sales proceeds or if the assets of the debtor be insufficient to pay any or all unsecured claims, any unpaid amounts will be discharged. The debtor will pay the amount of the claim listed in Schedule F of its bankruptcy schedules unless a proof of claim has been filed by a creditor in which case the debtor may elect to pay that amount or object to proof of claim. These claims are impaired. The debtor has no rental nor business income so it has no income. However, it does have, currently, access to investors' funds in the amount of approximately $200,000 which will allow it to pay mortgage payments and operating expenses for a limited period of time. Should the plan be confirmed, the debtor will be able to access funding to continue paying its expenses and for on-going construction. A full-text copy of the Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=Yk0Ufz from PacerMonitor.com at no charge. The Debtor's Counsel: Lewis Phon, Esq. LAW OFFICE OF LEWIS PHON 4040 Heaton Court, Antioch, CA 94509 Tel: 925-470-8551 Email: lewisphon22@gmail.com About Nirvana Investment Group Nirvana Investment Group, LLC is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 24-51384) on September 10, 2024, with $1 million to $10 million in assets and liabilities. Michael Luu, managing member, signed the petition. Judge M. Elaine Hammond presides over the case. Lewis Phon, Esq. at the LAW OFFICE OF LEWIS PHON represents the Debtor as legal counsel. NWFI LLC: Gets OK to Hire Allen Jones & Giles as Legal Counsel -------------------------------------------------------------- NWFI, LLC and its affiliates received approval from the U.S. Bankruptcy Court for the District of Arizona to employ Allen, Jones & Giles, PLC as counsel. The firm will provide these services: (a) provide the Debtor with legal advice with respect to its reorganization; (b) represent he Debtor in connection with negotiations involving secured and unsecured creditors; (c) represent the Debtor at hearings set by the court in Debtor's bankruptcy case; and (d) prepare necessary legal papers necessary to assist in the Debtor's reorganization. The firm will be paid at these hourly rate: Philip Giles, Member $475 Ryan Deutsch, Member $300 Zachary Phillips, Member $300 Legal Assistants and Law Clerks $150 - $225 Prior to the petition date, the firm received a retainer of $11,738 from the Debtor. Mr. Giles disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Philip J. Giles, Esq. Allen, Jones & Giles, PLC 1850 N. Central Ave., Suite 1025 Phoenix, AZ 85004 Telephone: (602) 256-6000 Facsimile: (602) 252-4712 Email: pgiles@bkfirmaz.com About NWFI LLC NWFI, LLC offers customizable pizzas and salads made from scratch using fresh ingredients. NWFI sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-09699) on November 13, 2024, with $500,000 to $100,000 in assets and $1 million to $10 million in liabilities. Doug Doyle, company owner, signed the petition. Philip J. Giles, Esq., at Allen, Jones & Giles, PLC represents the Debtor as legal counsel. OAK PARK: Unsecured Creditors to Get Share of Income for 36 Months ------------------------------------------------------------------ Oak Park Leasing, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Mississippi a Subchapter V Plan of Reorganization dated December 16, 2024. The Debtor was established in 2022 for the purpose of leasing over-the-road vehicles to a related entity – South Land Transportation, Inc. South Land is in the business of hauling, for hire, goods for various customers it serves. The Debtor believes its Plan is feasible. In order to achieve feasibility, the Debtor has been forced to reduce monthly outlay of payments to Secured Creditors/capital lessors and added additional months to the current financing and amortization schedules, in order to fit within the Debtor's cash availability. The vast bulk of the Debtor's fleet consists of relatively new equipment, when considering the Debtor purchased many new vehicles in 2022 and simply amortized them on a "too short" amortization schedule because the Debtor was relying upon hauling rates that were in place at the time. Since those rates have dramatically decreased since then, the Debtor has no choice but reduce its monthly outlay of Secured Creditor/capital lessor payments in order to fit within the drastically reduced lower rates that prevail. Liquidation would deprive the Creditor body of the ability to participate in the actual disposable income the Debtor can produce over the 36-month life of the Plan. Class 11 consists of General Unsecured Claims. General, Unsecured Creditors will receive the Debtor's projected disposable income over the life of the Plan. Class 12 consists of Equity Interest Holders. The Debtor's equity security holder will maintain his ownership of the Debtor. The execution of the Plan will be physically carried out by the Debtor and its representatives/employees. The means for execution and implementation of the Plan will be derived from the Debtor's income that it receives in connection with the lease of its fleet. A full-text copy of the Subchapter V Plan dated December 16, 2024 is available at https://urlcurt.com/u?l=KwJHMn from PacerMonitor.com at no charge. Counsel to the Debtor: Craig M. Geno, Esq. Law Offices of Craig M. Geno, PLLC 587 Highland Colony Parkway Ridgeland, MS 39157 Tel: (601) 427-0048 Fax: (601) 427-0050 Email: cmgeno@cmgenolaw.com About Oak Park Leasing Oak Park Leasing, LLC, was established in 2022 for the purpose of leasing over-the-road vehicles to a related entity -- South Land Transportation, Inc. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 24-02157) on Sept. 17, 2024, listing $1 million to $10 million in both assets and liabilities. Judge Jamie A Wilson presides over the case. The Debtor is represented by Craig M. Geno, Esq. at the LAW OFFICES OF CRAIG M. GENO, PLLC. OPGEN INC: Nasdaq Listing Council Affirms Panel Delisting Decision ------------------------------------------------------------------ OpGen, Inc., disclosed in a Form 8-K filed with the Securities and Exchange Commission that on Dec. 19, 2024, despite the Company regaining short-term compliance with the minimum stockholders' equity requirement of the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(1) after the deadline for such compliance granted to the Company prior to AEI Capital Ltd. acquiring a controlling interest in the Company, the Nasdaq Listing and Hearing Review Council affirmed the decision of the Nasdaq Hearings Panel. As previously disclosed, on Aug. 16, 2024, the Company received written notice of the Panel's determination to effect a trading suspension and delisting of the Company's securities based upon the Company's continued non-compliance with the minimum stockholders' equity requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(b)(1). While the trading suspension was effective as of Aug. 20, 2024, the Company had appealed the Panel's decision to the Listing Council. Although the Company continues to disagree with the Listing Council's decision, as a result of such decision, unless Nasdaq's Board of Directors determines to review such decision pursuant to Nasdaq Listing Rule 5825, Nasdaq will ultimately file a Form 25 Notification of Delisting with the U.S. Securities and Exchange Commission that will remove the Company's securities from listing on Nasdaq. The filing of the Form 25 had been stayed pending the Company's appeal of the Panel's decision to the Listing Council. The Company's shares of common stock will continue trading on the OTC Markets under the symbol "OPGN" following the filing of the Form 25 with the Commission. Consistent with the Listing Council's decision, the Listing Council welcomes the Company's application for relisting and the Company plans to apply for relisting with The Nasdaq Stock Market LLC after meeting the relevant Nasdaq listing requirements. About OpGen OpGen, Inc., based in Rockville, Md., -- https://www.opgen.com/ -- is a precision medicine company harnessing the power of molecular diagnostics to help combat infectious disease. The Company's innovative approaches to infectious disease diagnostics consists of highly multiplexed syndromic molecular panels to address the global threat of antimicrobial resistance (AMR), improve antibiotic stewardship, and decrease the spread of multidrug-resistant microorganisms (MDROs). West Palm Beach, Florida-based Beckles & Co., Inc., the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 3, 2024, citing that the Company has incurred recurring losses from operations since inception and has stated that substantial doubt exists about the Company's ability to continue as a going concern. OUTLOOK THERAPEUTICS: Widens Net Loss to $75.37M in FY 2024 ----------------------------------------------------------- Outlook Therapeutics, Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss of $75.37 million for the year ended Sept. 30, 2024, compared to a net loss of $58.98 million for the year ended Sept. 30, 2023. As of Sept. 30, 2024, the Company had $28.82 million in total assets, $101.90 million in total liabilities, and a total stockholders' deficit of $73.08 million. Philadelphia, Pennsylvania-based KPMG LLP, the Company's auditor since 2015, issued a "going concern" qualification in its report dated Dec. 27, 2024, citing that the Company has incurred recurring losses from operations and negative cash flows from operations and has an accumulated deficit, that raise substantial doubt about its ability to continue as a going concern. Management Comments "Over the course of the past year, our team has continued to execute and progress the development of ONS-5010/LYTENAVA in Europe and the United States. Following the receipt of our first positive reimbursement decision worldwide for LYTENAVA from NICE in the United Kingdom, our team continues to make preparations for commercial launch in the UK and Germany, which is expected in the first half of calendar 2025," commented Lawrence Kenyon, chief financial officer and interim chief executive officer of Outlook Therapeutics, in a press release. "We expect to receive the month 3 NORSE EIGHT efficacy data in January 2025 and are continuing preparations for the planned resubmission of our BLA in the first quarter of calendar 2025. We believe that 2025 holds significant opportunity for Outlook Therapeutics and we remain confident in the potential of ONS-5010/LYTENAVA to provide a meaningful impact globally for the treatment of wet AMD." A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1649989/000155837024016491/otlk-20240930x10k.htm About Outlook Therapeutics Headquartered in Iselin, New Jersey, Outlook Therapeutics -- www.outlooktherapeutics.com -- is a biopharmaceutical company focused on the development and commercialization of ONS-5010/LYTENAVA (bevacizumab-vikg; bevacizumab gamma), for the treatment of retina diseases, including wet AMD. LYTENAVA (bevacizumab gamma) is the first ophthalmic formulation of bevacizumab to receive European Commission and MHRA Marketing Authorization for the treatment of wet AMD. Outlook Therapeutics is working to initiate its commercial launch of LYTENAVA (bevacizumab gamma) in the EU and the UK as a treatment for wet AMD, expected in the first half of calendar 2025. In the United States, ONS-5010/LYTENAVA is investigational, is being evaluated in an ongoing non-inferiority study for the treatment of wet AMD, and if successful, the data may be sufficient for Outlook to resubmit a BLA to the FDA in the United States. If approved in the United States, ONS-5010/LYTENAVA, would be the first approved ophthalmic formulation of bevacizumab for use in retinal indications, including wet AMD. OZARK LANDSCAPE: Unsecureds Will Get 100% of Claims over 5 Years ---------------------------------------------------------------- Ozark Landscape and Design, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Arkansas a Plan of Reorganization for Small Business. The Debtor provides a full service lawn maintenance and landscape design service to businesses in the Northeast Arkansas area. The Debtor took on more debt to grow, and high interest rate merchant cash advance loans made it impossible to cash flow. The Debtor chose to file Chapter 11 to pay creditors, but also to control his budget and get on top of high interest rate loans. The Plan Proponent's financial projections show that the Debtor will have projected disposable income of $450,000.00, resulting in 100% distribution. Class 8 consists of the allowed general unsecured, non-priority claims, in the approximate amount of $356,857.14 and includes any amounts of secured claims that exceed the value of the collateral securing the claim. The Debtor estimates that there will be a dividend pool accumulated over the next 5 years of the Plan in the amount of $450,000.00. Therefore, unsecured creditors will receive approximately 100% distribution on their claims. The Debtor proposes to pay $23,303.97 in year 1, and $83,388.29 in years 2-5, until unsecured claims are paid in full. These payments shall be made to unsecured claims on a pro-rata basis in November of each year of the plan. Class 9 consists of equity security holders of the Debtor. Equity security holders will retain their equity interest in the property of the estate. Upon confirmation, the Debtor shall be charged with administration of the case. Clint Vandergriff will continue to perform his current position as president of Ozark Landscaping and Design, Inc. and payments for the plan will be made from cash flow from this business. A full-text copy of the Plan of Reorganization dated December 16, 2024 is available at https://urlcurt.com/u?l=LZCTth from PacerMonitor.com at no charge. Counsel to the Debtor: Michael E. Crawley, Jr, Esq. Crawley Law Firm, P.A. 2702 S. Culberhouse, Suite N Jonesboro, AR 72401 Tel: (870) 972-1150 About Ozark Landscape and Design Ozark Landscape & Design, Inc., provides a full service lawn maintenance and landscape design service to businesses in the Northeast Arkansas area. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. E.D. Ark. Case No. 24-13011) on Sept. 15, 2024, disclosing under $1 million in both assets and liabilities. The Debtor hires Crawley Law Firm, P.A., as counsel. PATRIOT TRANSPORT: Unsecured Creditors to Split $150K over 5 Years ------------------------------------------------------------------ Patriot Transport, Inc., filed with the U.S. Bankruptcy Court for the Northern District of Illinois a Disclosure Statement describing Plan of Reorganization dated December 17, 2024. The Debtor provides freight transportation and supply chain services for clients in the U.S. The company was founded in 2006, and its headquarters are currently in Elk Grove Village, Illinois. The Debtor is owned and operated by Igor Terletsky. The Debtor employs approximately 18 employees, 10 contracted workers including dispatchers, warehouse workers and drivers. Its fleet of vehicles consists of 52 tractor-trailers and 14 refrigeration units. The Debtor is part of a group of eight complementary and legally separate companies under common ownership by Igor Terletsky. The Debtor filed a voluntary petition under Chapter 11 of the Bankruptcy Code on May 17, 2024. The Debtor negotiated an agreed move out from its prior business location as of October 15, 2024, subject to payment of $40,000 to Prologis. On October 15, 2024, the Debtor moved its operations to Elk Grove Village, IL pursuant to a new lease which has saved the Debtor approximately $30,000 per month. Shortly after the Petition Date, the Debtor filed a motion for approval of post-petition financing with Compass Funding Solutions. Compass purchased the Debtor's outstanding receivables and provided cash advanced subject to the terms and conditions of the Factoring and Security Agreement dated May 20, 2024, and approved by the Court on May 30, 2024. The funding by Compass provides the Debtor with liquidity sufficient to operate its business. Pursuant to the terms of the Compass documents, Compass was provided a first priority lien on and security interest in all of the Debtor's assets, including pre-petition assets. Class 2 consists of General NonPriority Unsecured Claims. Class 2 Claims including unsecured claims asserted by the Taxing Authorities shall be paid pro rata distributions of deferred cash payments aggregating $150,000 from the General Unsecured Creditor Fund payable in five equal payments of $30,000 with the first installment due 6 months following the Effective Date (or June 30, 2025 whichever sooner) and $30,000 payable annually on June 30, 2026, 2027, 2028 and 2029. Class 2 Claims are impaired. The allowed unsecured claims total $8.6 Million. Class 3 consists of General NonPriority Unsecured Claims Held by Related Entities. Class 3 Claims shall not receive a distribution in this case until all Class 1 claims are paid in full. Class 3 Claims are impaired under the Plan. Class 4 consists of General NonPriority Unsecured Claims Held by Igor Terletsky. Class 4 Claims shall be voluntarily subordinated to the payment of Class 2 and Class 3 Claims and shall not receive a distribution unless all Class 2 and Class 3 claims are paid in full. Class 4 Claims are impaired. The allowed unsecured claims total $959,745. Class 5 consists of Equity Interests. All equity interests shall be deemed to be terminated and canceled upon the Effective Date. Newly issued equity security interests of the Reorganized Debtor consisting of 1,000 shares of the newly issued common stock shall be transferred to Igor Terletsky upon waiver of Mr. Terletsky's Class 4 Claim on the Effective Date and payment of the Class 2 Claims hereunder. Class 5 Claims and Equity interests are impaired under the Plan. Igor Terletsky shall serve as the Disbursing Agent for all payments under the Plan to Class 2 Claimants, and shall otherwise oversee and assist the Reorganized Debtor in payment of all other distributions and payments required by the Plan. Except as otherwise provided in the Plan or the Confirmation Order, all cash necessary for the Debtor to make payments pursuant to the Plan to Allowed Administrative Claims, Priority Claims, Priority Tax Claims, Secured Claims and General Unsecured Non-Priority Claims will be from the continued operations of the Debtor. A full-text copy of the Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=GK9Vhr from PacerMonitor.com at no charge. Attorney for the Debtor: Miriam Stein Granek Gutnicki LLP 4711 Golf Road, Suite 200 Skokie, IL 60076 Tel: (847) 745-6592 Email: mgranek@gutnicki.com About Patriot Transport Patriot Transport, Inc., a trucking company in Carol Stream, Ill., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-07407) on May 17, 2024, with up to $10 million in assets and up to $50 million in liabilities. Igor Terletsky, president, signed the petition. Judge Timothy A. Barnes presides over the case. John F. Hiltz, Esq., at Leibowitz, Hiltz & Zanzig, LLC, is the Debtor's counsel. PINE TREE: Seeks to Hire Robyn Binger as Real Estate Broker ----------------------------------------------------------- Pine Tree Condominum Association, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Robyn Binger, a professional practicing in Atlanta, Ga., as its real estate broker. The broker will render these services: (a) make an inspection of the Debtor's real property located at 1604 Pine Tree Trail, Atlanta, Georgia; (b) market the real property for sale; and (c) provide such other work as may be indicated by the broker's analysis of the real property, the Debtor, and the estate. The broker will receive a commission of 3 percent of the property's gross sale price. Mr. Binger disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The broker can be reached at: Robyn Binger 629 Glen Iris Dr. NE, Unit 1A Atlanta, GA 30308 Telephone: (404) 482-2293 Email: robyn@robynbinger.com About Pine Tree Condominium Association Pine Tree Condominium Association, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-57695) on July 26, 2024, with $383,876 in assets and $2,263,903 in liabilities. Marion Webb, vice president, signed the petition. Mark D. Gensburg, Esq., at Jones & Walden, LLC represents the Debtor as legal counsel. QURATE RETAIL: Extends CEO's Term Until Feb. 28, 2025 ----------------------------------------------------- Qurate Retail, Inc., disclosed in a Form 8-K filed with the Securities and Exchange Commission that on Dec. 27, 2024, it entered into a letter agreement with David Rawlinson II, president and chief executive officer of the Company, extending the term of his employment with the Company under the Employment Agreement, effective July 12, 2021, through Feb. 28, 2025 (subject to any further extension that may be agreed to by the Company and Mr. Rawlinson) while a new employment arrangement with Mr. Rawlinson is negotiated. Pursuant to the Extension Letter, if Mr. Rawlinson and the Company have not entered into a new employment agreement or mutually agreed to a further extension of the Term on or prior to Feb. 28, 2025, Mr. Rawlinson's employment will terminate at the end of Feb. 28, 2025 and shall be treated as a Protected Termination for purposes of the Employment Agreement, provided that the Severance Payments (as defined in the Employment Agreement) shall instead equal $1,000,000. The term of Mr. Rawlinson's employment with the Company under the Employment Agreement was scheduled to end on Dec. 31, 2024. About Qurate Retail Headquartered in Englewood, Colorado, Qurate Retail, Inc. comprised of six retail brands - QVC, HSN, Ballard Designs, Frontgate, Garnet Hill and Grandin Road. Qurate Retail Group is the largest player in video commerce ("vCommerce"), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms. The retailer reaches more than 200 million homes worldwide via 15 television channels, which are widely available on cable/satellite TV, free over-the-air TV, and digital livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, websites, mobile apps, social pages, print catalogs, and in-store destinations. Qurate Retail, Inc. also holds various minority interests. Qurate Retail reported a net loss of $94 million for the year ended Dec. 31, 2023, compared to a net loss of $2.53 billion for the year ended Dec. 31, 2022. Qurate Retail received written notice from the Nasdaq Stock Market on June 10, 2024 notifying the Company of its non-compliance with the minimum bid price requirement for continued listing of the Company's Series A common stock on the Nasdaq Global Select Market. The Company thereafter had 180 calendar days to regain compliance with the Minimum Bid Price Requirement or to transfer to the Nasdaq Capital Market and request an additional 180-day extension to comply with the Minimum Bid Price Requirement. Effective the opening of business on Dec. 2, 2024, QRTEA, the Company's Series B common stock, and the Company's 8.0% Series A Cumulative Redeemable Preferred Stock were transferred from the Nasdaq Global Select Market to the Nasdaq Capital Market. On Dec. 10, 2024, Nasdaq granted the Company an additional 180-day extension, or until June 9, 2025, to comply with the Minimum Bid Price Requirement. * * * As reported by TCR on April 22, 2024, S&P Global Ratings revised its outlook to stable from negative and affirmed all its ratings on U.S.-based video commerce and online retailer Qurate Retail Inc., including its 'CCC+' Company credit rating. The stable outlook reflects S&P's expectation that Qurate will maintain sufficient liquidity over the next 12 months despite its view that its capital structure remains unsustainable, as further cost reductions offset sales weakness and support profit recovery. RATH RACING: Court OKs Continue Use of Cash Collateral ------------------------------------------------------ Rath Racing, Inc. got the green light from the U.S. Bankruptcy Court for the District of Minnesota to continue using its secured creditors' cash collateral. The order authorized the company to use cash collateral through March 31, subject to the possible objection of two creditors, Uline and American Express. These creditors may object by Jan. 10, if they wish to do so. Secured creditors Citizens Bank & Trust, Co. and the U.S. Small Business Administration were granted replacement liens on post-petition inventory, accounts, equipment, and general intangibles to the same extent and with the same priority as their pre-bankruptcy liens. As additional protection, Citizens Bank will receive a monthly payment of $2,000. About Rath Racing Inc. Rath Racing, Inc. offers all-terrain vehicle (ATV), Side-by-Side and utility task vehicle (UTV) parts and accessories. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 24-41056) on April 22, 2024. In the petition signed by Dary C. Rath, president, the Debtor disclosed $146,852 in assets and $1,510,411 in liabilities. Judge William J. Fisher oversees the case. John D. Lamey III, Esq., at Lamey Law Firm, PA, represents the Debtor as legal counsel. RE-TRON TECHNOLOGIES: Unsecured Creditors to Get Nothing in Plan ---------------------------------------------------------------- Re-Tron Technologies, Inc., filed with the U.S. Bankruptcy Court for the District of New Jersey a Small Business Plan of Reorganization dated December 16, 2024. The Debtor is a New Jersey corporation that operated a battery service and maintenance business servicing date center backup systems. The Debtor operated its business at 220 West Parkway, Unit 12, Pompton Plains, NJ 07444. The Debtor's secured claims consist of the claims of ConnectOne, ODK, and the SBA. The Debtor also leases vehicles and equipment from Leaf Capital Funding LLC, which were not conveyed to Purchaser under the APA, but which will be assumed and assigned to Purchaser under Section 365 of the Bankruptcy Code. The Debtor has no tax debt or other priority debt under Section 507 of the Bankruptcy Code. The general unsecured claims against the Debtor total $1,434,001.72 as of the Petition Date. The Debtor attempted to restructure its assets and liabilities outside of a chapter 11 bankruptcy case. However, litigation commenced by the Debtor's former landlord and others necessitated the Debtor's chapter 11 filing. The Debtor proposes to make pro rata distributions consistent with the priorities of the Bankruptcy Code and the terms of this Plan. Tron Management, LLC, a Wyoming limited liability company (the "Purchaser"), purchased substantially all the Debtor's assets for $275,000 payable in equal monthly installments over three years, plus interest at 5% per annum, consistent with an April 26, 2024, asset purchase agreement (the "APA") and promissory note (the "Note") between the Debtor and Purchaser. The Debtor will use the installment payments from Purchaser under the APA and the Note to make pro rata distributions to creditors for 36 months after the Effective Date under this Plan. In addition, Purchaser will assume certain of Debtor's obligations under this Plan. Class 5 consists of General Unsecured Claims. Pro-rata payment of balance of funds paid to the Debtor under the APA and Note after satisfaction of Class 1, 2, 3, and 4 Claims It is anticipated that there will be no distributions to holders of Class 5 Claims. This Class is impaired. Class 6 consists of Equity Interest Holders. Class 6 Equity Interest Holders shall retain their equity interests upon confirmation of the Plan. The Debtor will dedicate all funds received under the APA and the Note to fund its obligations under this Plan. The Debtor has no ongoing business operations. A full-text copy of the Plan of Reorganization dated December 16, 2024 is available at https://urlcurt.com/u?l=XBw5xS from PacerMonitor.com at no charge. The Debtor's Counsel: Michael E. Holt, Esq. FORMAN HOLT 365 Passaic Street, Suite 400 Rochelle Park, NJ 07662 Tel: (201) 845-1000 Email: mholt@formanlaw.com About Re-Tron Technologies Re-Tron Technologies Inc. is an integrated energy system technology company. Re-Tron Technologies Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-19193) on Sept. 17, 2024. In the petition filed by Andrew Latham, president, the Debtor reports total assets of $476,313 and total liabilities of $2,319,994. Judge Vincent F. Papalia oversees the case. The Debtor tapped Forman Holt as counsel; and Sean Raquet CPA, LLC as accountant. RPM EXPEDITE: Seeks to Tap Spector & Cox as Bankruptcy Counsel -------------------------------------------------------------- RPM Expedite USA, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ the Spector & Cox, PLLC as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties; (b) prepare and pursue confirmation of a plan and approval of a disclosure statement; (c) prepare on behalf of the Debtor necessary legal papers; (d) appear in court and protect the interests of the Debtor before the court; and (e) perform all other legal services for the Debtor which may be necessary and proper in these proceedings. The hourly rates of the firm's counsel and staff are as follows: Howard Marc Spector, Attorney $435 Sarah Cox, Attorney $395 Paralegals $145 In addition, the firm will seek reimbursement for expenses incurred. Prior to the filing of this case, the Debtor tendered funds in the amount of $26,738 to the firm as a retainer for services rendered herein. Mr. Spector disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Howard Marc Spector, Esq. Spector & Cox, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (214) 365-5377 Facsimile: (214) 237-3380 Email: hspector@spectorcox.com About RPM Expedite USA LLC RPM Expedite USA LLC is part of the general freight trucking industry. RPM Expedite USA LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 24-44345) on November 22, 2024. In the petition filed by Eric Kunz, CEO, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge Mark X. Mullin handles the case. Howard Marc Spector, Esq., at Spector & Cox, PLLC represents the Debtor as legal counsel. SALEM POINTE: Hires Integrity Taxes and Accounting as Accountant ---------------------------------------------------------------- Salem Pointe Capital, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to employ Integrity Taxes and Accounting Services, PLLC as its accountant. The firm will provide tax and accounting services to the Debtor. Loren Krokowski, a certified public accountant at Integrity Taxes and Accounting Services, will be paid at his hourly rate of $170. Mr. Krokowski disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Loren Krokowski, CPA Integrity Taxes and Accounting Services, PLLC 9724 Kingston Pike Ste 1403 Knoxville, TN 37922 Telephone: (865) 218-9390 About Salem Pointe Capital Salem Pointe Capital, LLC is a financial services company that typically focuses on investment and capital management. Its operations include providing financing solutions, investment opportunities, and asset management to various sectors. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 24-31702) on Sept. 29, 2024, with $10 million to $50 million in both assets and liabilities. Judge Suzanne H. Bauknight oversees the case. The Debtor tapped Moore & Brooks as counsel and Integrity Taxes and Accounting Services, PLLC as accountant. SBB SHIPPING: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey granted SBB Shipping USA, Inc. interim authorization to use cash collateral to pay its operating expenses. The company's authorization for interim use of cash collateral is limited such that payroll shall only be paid to non-insider employees, which consists of single individual, Emre Erdinc, as indicated on its revised 13-week cash-flow projection. The U.S. Small Business Administration, a secured creditor, will be provided with protection in the form of a monthly payment of $1,000 and a post-petition replacement lien on the cash collateral, to the extent that the lien was valid, perfected, and enforceable as of the petition date. A final hearing is scheduled for Jan. 22. About SBB Shipping USA Inc. SBB Shipping USA Inc. offers JIT and tailor-made international logistics and fulfillment services. SBB Shipping USA Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-22278) on December 14, 2024. In the petition filed by Batuhan Cakmak, as president, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Vincent F. Papalia handles the case. The Debtor is represented by: David Stevens, Esq. SCURA WIGFIELD, HEYER, STEVENS & CAMMAROTA LLP 1599 Hamburg Turnpike Wayne NJ 07470 Tel: 201-490-4777 Email: dstevens@scura.com SHENANDOAH MEDICAL: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Shenandoah Medical Care Center, LLC received approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use the cash collateral of its secured creditors on an interim basis until further order of the court. The company requires the use of cash collateral to pay its regular business expenses, as well as its administrative expenses as they become due; to continue operating as a going concern; and to maintain compliance with the guidelines of the Office of the U.S. Trustee. The company projects $1,400 in total receipts and $8,789 in total disbursements. As adequate protection, secured creditors Bank United N.A., the U.S. Small Business Administration and CT Corporation System, as representative, were granted a replacement lien on Shenandoah's property to the same extent as their respective pre-bankruptcy liens. The next hearing is scheduled for Jan. 8, 2025. About Shenandoah Medical Care Center Shenandoah Medical Care Center, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23207) on December 18, 2024, with $500,001 to $1 million in both assets and liabilities. Joy Mowett-Fuller, company owner and manager, signed the petition. Judge Erik P. Kimball oversees the case. Monique Hayes, Esq., at DGIM Law, PLLC, represents the Debtor as bankruptcy counsel. SILVERROCK DEVELOPMENT: Taps Jones Lang LaSalle Americas as Broker ------------------------------------------------------------------ SilverRock Development Company and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Jones Lang LaSalle Americas, Inc. as real estate broker and advisor. The firm will provide these services: (a) prepare offering materials relating to the project for the Debtors' review and approval; (b) market the project to prospective purchasers; (c) provide marketing status reports to the Debtors regarding prospective purchasers; (d) accept, deliver, and present offers for the project to the Debtors; (e) assist the Debtors to develop, communicate, negotiate and present offers and counteroffers; and (f) answer the Debtors' questions relating to any offer, counteroffer, notice or contingency. The firm will receive an initial $500,000 fee as partial payment for its services. Upon the closing of the transaction, the firm will receive a success fee in the amount of 2 percent of the gross sale proceeds, provided that the initial services fee will be credited against the success fee. Jeff Adkinson, a managing director at Jones Lang LaSalle Americas, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeff Adkison Jones Lang LaSalle Americas, Inc. 1011 Centre Road, Suite 117 Wilmington, DE 19805 Telephone: (302) 356-2858 Facsimile: (302) 654-5170 About SilverRock Development Company SilverRock Development Company, LLC is a San Diego, Calif.-based company primarily engaged in renting and leasing real estate properties. SilverRock filed Chapter 11 petition (Bankr. D. Del. Lead Case No. 24-11647) on August 5, 2024, with $100 million to $500 million in both assets and liabilities. Robert S. Green, Jr., chief executive officer, signed the petition. Judge Mary F. Walrath handles the case. The Debtor is represented by Jonathan M. Stemerman, Esq., at Armstrong Teasdale. SMOKIN' DUTCHMAN: Gets OK to Tap Wesler & Associates as Accountant ------------------------------------------------------------------ Smokin' Dutchman Holdings, LLC, formerly known as Smokin' Dutchman LLC, received approval from the U.S. Bankruptcy Court for the Western District of Michigan to employ Wesler & Associates as accountant. The firm will provide these services: (a) prepare monthly operating reports; (b) prepare and file corporate tax return(s); and (c) additional accounting services such as bookkeeping support, payroll, and year end journal entries, as requested. The firm will be paid at these hourly rates: Cheryl Wesler, CPA $325 Kristin Lytle, CPA $275 Support Staff $175 The firm also requested a retainer of $5,000 from the Debtor. Ms. Wesler disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Cheryl Wesler, CPA Wesler & Associates P.O. Box 19016 Kalamazoo, MI 49019 Telephone: (269) 482-1015 About Smokin' Dutchman Holdings Smokin' Dutchman Holdings is a Dickey's Barbecue Restaurants franchisee. Smokin' Dutchman Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mich. Case No. 24-02343) on Sept. 9, 2024, with total assets of $100,000 to $500,000 and total liabilities of $1 million to $10 million. Krage Fox, member, signed the petition. Judge Scott W. Dales oversees the case. The Debtor tapped Perry Pastula, Esq., at Dunn, Schouten & Snoap, PC as counsel and Cheryl Wesler, CPA, at Wesler & Associates as accountant. SOUL WELLNESS: Seeks to Hire Agentis PLLC as Bankruptcy Counsel --------------------------------------------------------------- Soul Wellness, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ law firm of Agentis PLLC as bankruptcy counsel. The firm will provide these services: (a) advise the Debtor with respect to its powers and duties in the continued management of its affairs; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interests of the Debtor and the estate in all matters pending before the court; and (e) represent the Debtor in negotiations with its creditors in the preparation of a plan. The firm will be paid at these hourly rates: Attorneys $365 - $700 Paralegals $120 - $250 In addition, the firm will seek reimbursement for expenses incurred. The firm also requires a retainer of $8,000 from the Debtor. Jacqueline Calderin, Esq., a shareholder at Agentis, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jacqueline Calderin, Esq. Agentis PLLC 45 Almeria Avenue Coral Gables, FL 33134 Telephone: (305) 722-2002 Email: jc@agentislaw.com About Soul Wellness Soul Wellness, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23368) on December 20, 2024, listing under $1 million in both assets and liabilities. Judge Laurel M. Isicoff oversees the case. Jacqueline Calderin, Esq., at Agentis PLLC serves as the Debtor's counsel. SOUL WELLNESS: Tarek Kiem of Kiem Law Named Subchapter V Trustee ---------------------------------------------------------------- The U.S. Trustee for Region 21 appointed Tarek Kiem, Esq., at Kiem Law, PLLC as Subchapter V trustee for Soul Wellness, LLC. Mr. Kiem will be paid an hourly fee of $300 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Kiem declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tarek Kiem, Esq. Kiem Law, PLLC 8461 Lake Worth Road, Suite 114 Lake Worth, FL 33467 Tel: (561) 600-0406 Email: tarek@kiemlaw.com About Soul Wellness Soul Wellness, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23368) on December 20, 2024, with up to $50,000 in assets and up to $1 million in liabilities. Judge Laurel M. Isicoff presides over the case. Jacqueline Calderin, Esq., represents the Debtor as legal counsel. SOUTHERN LANDSCAPE: Gets Final OK to Use Cash Collateral -------------------------------------------------------- Southern Landscape Solutions of Tampa Bay, Inc. received final approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral to pay its expenses. These expenses include amounts expressly authorized by the court such as payments to the U.S. Trustee for quarterly fees; expenses set forth in the company's budget, plus an amount not to exceed 10% for each line item; and additional amounts expressly approved in writing by the U.S. Small Business Administration. The SBA will be granted a perfected post-petition lien against cash collateral to the same extent and with the same validity and priority as its pre-bankruptcy lien. As additional protection, the SBA will receive a monthly payment of $1,658.80 until confirmation of the company's Chapter 11 plan of reorganization. About Southern Landscape Solutions of Tampa Bay Inc. Southern Landscape Solutions of Tampa Bay, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-04125) on July 9, 2024, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Catherine Peek Mcewen presides over the case. Chad T Van Horn, Esq. at Van Horn Law Group PA presides over the case. SPIRIT AIRLINES: Unsecured Creditors Unimpaired in Plan ------------------------------------------------------- Spirit Airlines, Inc. and its Debtor Affiliates filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement for the Joint Chapter 11 Plan of Reorganization dated December 17, 2024. The Company was founded in 1964 as Clippert Trucking Company, a Michigan corporation. In 1990 the Company began chartering air operations and adopted the name Spirit Airlines, Inc. in 1992. Over the last several years, Spirit, like many airlines, has been forced to contend with significant macroeconomic and industry specific headwinds that have strained its businesses and resources, and ultimately led to entry into the Restructuring Support Agreement. On November 18, 2024, the Debtors executed the Restructuring Support Agreement with the initial Consenting Stakeholders, who collectively held approximately 80% of the debt to be restructured under the Plan, and over two thirds in amount of each of the Voting Classes. On the same date, Debtor Spirit Airlines, Inc. commenced the Chapter 11 Cases under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York. As of the date hereof, the Debtors understand that the Consenting Stakeholders collectively hold approximately 99.8% of Class 4 (Senior Secured Notes Claims) and approximately 94.4% of the Class 5 (Convertible Notes Claims), or approximately 98.1% of all Impaired Claims (i.e., the only Claims entitled to vote on the Plan). The Plan is the outcome of extensive negotiations among the Debtors and certain of their key stakeholders, including, as of the Petition Date, Holders of over 78.6% of Class 4 (Senior Secured Notes Claims) and over 84.1% of the Class 5 (Convertible Notes Claims) (who are expected to ACCEPT the Plan along with the other Holders of Class 4 (Senior Secured Notes Claims) and Class 5 (Convertible Notes Claims) who have entered into the Restructuring Support Agreement), and provides a framework for, among other things, a significant reduction of the Company's prepetition indebtedness, to further advance the Company's efforts in positioning itself for long-term success. The Restructuring Support Agreement provides the framework for a comprehensive series of restructuring transactions (the "Restructuring Transactions"), some to be implemented through the Plan, designed to deleverage the Company's capital structure and preserve the going concern value of the Debtors' businesses, maximize recoveries available to all constituents, and provide for an equitable distribution to the Debtors' stakeholders. Upon Plan consummation, the proposed Restructuring Transactions would restructure approximately $1.635 billion of outstanding funded debt and reduce the Debtors' total funded debt by approximately $795 million. More specifically, and among other things, the Restructuring Transactions include: * A $300 million senior secured superpriority debtor-in possession facility to be provided by certain of the Consenting Stakeholders. The cash provided under the DIP Facility and the Company's available cash should allow the Company to operate in the ordinary course and serve its guests "business as usual" during the pendency of the Chapter 11 Cases. * Exchanging $700 million of Senior Secured Notes and $140 million of Convertible Notes for the Exit Secured Notes Financing. * Equitizing the remaining Senior Secured Notes and Convertible Notes (approximately $795 million in aggregate) in the form of New Common Equity in the Reorganized Company. * A fully-backstopped equity rights offering (the "Equity Rights Offering") through which the Reorganized Debtors will raise $350 million of New Common Equity to further support the reorganized balance sheet. * A Management Incentive Plan to be adopted by the New Board, which will provide for the grants of equity and equity-based awards (in the form of MIP Interest, which may equal up to 10% of New Equity Interests) to employees, directors, consultants, and other service providers of the Reorganized Debtor(s), as determined at the discretion of the New Board. * Entry into a new Exit Revolving Credit Facility. Class 6 consists of General Unsecured Claims. Each Holder of a General Unsecured Claim shall receive Reinstatement or such other treatment rendering its General Unsecured Claim Unimpaired in accordance with section 1124 of the Bankruptcy Code. On and after the Effective Date, the Reorganized Debtors shall continue to pay each Holder of a General Unsecured Claim in the ordinary course of business, subject to the Reorganized Debtors' right to dispute such Claim in the ordinary course of business. This Class is unimpaired. All Existing Interests shall be cancelled, released, extinguished, or otherwise eliminated and Holders of such Existing Interests shall not receive any Plan Distributions or retain any interest in property on account of such Existing Interests. Plan Distributions will be funded, as applicable, with (1) Cash on hand, including any proceeds from the Equity Rights Offering and the Exit Financing Facilities, and (2) the other Assets of the Reorganized Debtors. A hearing for the Bankruptcy Court to consider final approval of the Disclosure Statement and confirmation of the Plan (as such hearing may be continued from time to time, the "Combined Hearing") will commence on January 29, 2025. A full-text copy of the Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=c6hluR from PacerMonitor.com at no charge. Counsel to the Debtors: Marshall Huebner, Esq. Darren S. Klein, Esq. Christopher S. Robertson, Esq. Moshe Melcer, Esq. Kayleigh Yerdon, Esq. Davis Polk & Wardwell, LLP 450 Lexington Avenue New York, NY 10017 Phone: (212) 450-4213 Email: marshall.huebner@davispolk.com About Spirit Airlines Spirit Airlines, Inc. (NYSE: SAVE) is a low-fare carrier committed to delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. On the Web: http://wwww.spirit.com/ Spirit Airlines filed Chapter 11 petition (Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged plan with bondholders. At the time of the filing, Spirit Airlines reported $1 billion to $10 billion in both assets and liabilities. Judge Sean H. Lane oversees the case. The Debtor tapped Davis Polk & Wardwell, LLP as legal counsel; Alvarez & Marsal North America, LLC as financial advisor; and Epiq Corporate Restructuring, LLC as claims agent. Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel for the Ad Hoc Group of Convertible Noteholders. Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC represent the Ad Hoc Group of Senior Secured Noteholders. SQUARE ONE: Seeks to Hire Joel A. Schecheter as Bankruptcy Counsel ------------------------------------------------------------------ Square One Preservation LLP seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ the Law Offices of Joel A. Schechter as counsel. The firm will provide these services: (a) advise the Debtor with respect to its powers and duties in the continued operation of its business and financial affairs; (b) prepare on behalf of the Debtor necessary legal papers; and (c) perform all other legal services for the Debtor. Prior to the petition date, the firm received a retainer of $15,000 from the Debtor. Joel Schechter, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joel A. Schechter, Esq. Law Offices of Joel A. Schechter 53 W. Jackson Blvd., Suite 1522 Chicago, IL 60604 Telephone: (312) 332-0267 Email: joel@jasbklaw.com About Square One Preservation Square One Preservation, LLP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-16033) on October 25, 2024, with $100,001 to $500,000 in both assets and liabilities. Judge Timothy A. Barnes presides over the case. The Law Offices of Joel Schechter serves the Debtor as counsel. STEEL FABRICATORS: Joli Lofstedt Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Joli Lofstedt, Esq., as Subchapter V trustee for Steel Fabricators, Inc. Ms. Lofstedt, a practicing attorney in Louisville, Colo., will be paid an hourly fee of $375 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Lofstedt declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joli A. Lofstedt, Esq. P.O. Box 270561 Louisville, CO 80027 Phone: (303) 476-6915 Fax: (303) 604-2964 Email: joli@jaltrustee.com About Steel Fabricators Steel Fabricators, Inc., doing business as SFI, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 24-17584) on December 23, 2024, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Heidi Fox, CEO, signed the petition. Judge Joseph G. Rosania Jr. presides over the case. Katharine S. Sender, Esq. at Allen Vellone Wolf Helfrich & Factor, P.C. represents the Debtor as legal counsel. STEEL FABRICATORS: Taps Wolf Helfrich & Factor as Legal Counsel --------------------------------------------------------------- Steel Fabricators, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Wolf Helfrich & Factor, PC as legal counsel. The firm will provide these services: (a) provide legal advice and representation in connection with the general administration of the estate; (b) confirm any proposed plan of reorganization, all other contested and adversary matters that arise in this case; (c) investigate and litigate any avoidance or other action the estate may have; and (d) perform other legal services for the Debtor related to or arising out of contested matters in this bankruptcy case. The firm's professionals will be paid at these hourly rates: Patrick Vellone, Attorney $725 Jeffrey Weinman, Attorney $625 Katharine Sender, Attorney $375 Paralegals $120 - $225 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer of $10,000 from the Debtor. Ms. Sender disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Katherine S. Sender, Esq. Wolf Helfrich & Factor, P.C. 1600 Stout Street, Suite 1900 Denver, CO 80202 Telephone: (303) 534-4499 Email: KSender@allen-vellone.com About Steel Fabricators Steel Fabricators Inc., doing business as SFI, provides steel fabrication services. Steel Fabricators Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 24-17584) on December 23, 2024. In the petition filed by Heidi Fox, CEO, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case. Wolf Helfrich & Factor, PC serves as the Debtor's counsel. STOLI GROUP: Seeks to Hire Foley & Lardner as Bankruptcy Counsel ---------------------------------------------------------------- Stoli Group (USA), LLC and Kentucky Owl, LLC seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Foley & Lardner LLP as legal counsel. The firm will provide these services: (a) advise the Debtors with respect to their powers and duties in the continued operation of their business; (b) assist in the identification of assets and liabilities of the estates; (c) assist the Debtors in formulating a plan of reorganization or liquidation and take necessary legal steps in order to confirm such plan; (d) prepare and file on behalf of the Debtors all necessary legal documents; (e) appear in court and to protect the interests of the Debtors before the court; (f) analyze claims and compete property interests and negotiate with creditors and parties in interest on behalf of the Debtors; (g) advise the Debtors in connection with any potential sale of assets; and (h) perform all other legal services for the Debtors that may be necessary in these proceedings. The firm will be paid at these hourly rates: Michael Small, Partner $1,190 Holland N. O'Niel, Partner $1,150 Ann Marie Uetz, Partner $1,040 Stephen Jones, Associate $690 Mary Rofaeil, Associate $550 Zachary Zahn, Associate $460 Janelle Harrison, Paralegal $290 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm received a retainer of $425,801 from the Debtor. Mr. O'Niel disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Holland N. O'Niel, Esq. Foley & Lardner LLP 2021 McKinney Avenue, Suite 1600 Dallas, TX 75201 Telephone: (214) 999-3000 Facsimile: (214) 999-4667 Email: honiel@foley.com About Stoli Group (USA) LLC Stoli Group (USA) LLC is a producer, manager, and distributor of a global portfolio of spirits and wines. Stoli Group (USA) LLC and its Kentucky Owl American sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 24-80146) on November 27, 2024. In the petition filed by Chris Caldwell, president and global chief executive officer, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Scott W. Everett handles the case. Foley & Lardner LLP represents the Debtors as legal counsel. TA 4 REALTY: Seeks to Hire Webber McGill as Bankruptcy Counsel -------------------------------------------------------------- TA 4 Realty, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Webber McGill, LLC as legal counsel. The firm will provide these services: (a) advise the Debtor with respect to all matters in this Chapter 11 case; (b) assist and advise the Debtor with respect to proposing and confirming a Chapter 11 plan of reorganization; and (c) perform all other necessary legal services in this case as may be requested by the Debtor or otherwise required in this Chapter 11 proceeding. The hourly rates of the firm's counsel and staff are as follows: Attorneys $450 - $575 Douglas McGill, Esq. $575 Paralegals $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm received a retainer of $15,000 from the Debtor. Douglas McGill, Esq., an attorney at Webber McGill, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Douglas J. McGill, Esq. Webber MCGill LLC 100 E. Hanover Avenue, Suite 401 Cedar Knolls, NJ 07927 Telephone: (973) 739-9559 Email: dmcgill@webbermcgill.com About TA 4 Realty TA 4 Realty, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-21243) on November 12, 2024. In the petition signed by Thomas J. Caleca, sole member/manager, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Vincent F. Papalia handles the case. Douglas J. McGill, Esq., at Webber MCGill LLC serves as the Debtor's counsel. TECHPRECISION CORP: General Victor Renuart Jr. Named as Board Chair ------------------------------------------------------------------- TechPrecision Corporation announced Dec. 26 that following the results of the Company's 2024 Annual Meeting, three new directors were elected to the Board of Directors of the Company by its stockholders: John A. Moore, General Victor E. Renuart Jr. and Robert D. Straus. The Board appointed by unanimous vote General Victor E. Renuart Jr. to serve as Chair of the Board and Robert D. Straus as Vice-Chair of the Board. The composition of committees of the Board is as follows: * Audit Committee: Walter M. Schenker (Chair), Andrew A. Levy and John A. Moore * Compensation Committee: John A. Moore (Chair), Andrew A. Levy and Robert D. Straus * Nominating and Governance Committee: Robert D. Straus (Chair), General Victor E. Renuart Jr. and Walter M. Schenker About Techprecision Through its wholly owned subsidiaries, Ranor, Inc. and Stadco, TechPrecision Corporation -- http://www.techprecision.com/-- offers a full range of services required to transform raw materials into precision finished products. The Company's manufacturing capabilities include fabrication operations (cutting, press and roll forming, assembly, welding, heat treating, blasting, and painting) and machining operations including CNC (computer numerical controlled) horizontal and vertical milling centers. The Company also provides support services to its manufacturing capabilities: manufacturing engineering (planning, fixture and tooling development, manufacturing), quality control (inspection and testing), materials procurement, production control (scheduling, project management and expediting) and final assembly Philadelphia, Pennsylvania-based Marcum LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated Sept. 13, 2024, citing that the Company has incurred significant losses, is in default on its debt obligations since the Company is out of compliance with its debt covenants and is expected to continue to be out of compliance, its revolving line of credit is due within the year, and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. TERVIS TUMBLER: Unsecured Creditors to Split $1.5M over 5 Years --------------------------------------------------------------- Tervis Tumbler Company, filed with the U.S. Bankruptcy Court for the Middle District of Florida an Amended Disclosure Statement describing First Amended Plan of Reorganization dated December 17, 2024. The Debtor is a family-owned drinkware manufacturing business founded in 1946. Now in its third generation, Tervis' owners remain very much involved in the company's culture and mission. The business decision to file for Chapter 11 was not an easy one. The filing decision was made specifically to support Tervis' intention to move forward with its business, supporting its consumers, its licensors and its employees. Despite this setback, Tervis remains optimistic about its future. As Tervis is the original insulated drinkware brand with a long, proven legacy of success, the brand looks forward to reorganizing, shifting gears and leading this brand into its next phase of growth and operations. Moving forward, the Debtor has or will close negatively performing operations, will focus its attention on the positively performing operations, and will evaluate continued operations in the locations that are either cash flow neutral or trending positively. The Debtor's current concept and operations are sustainable on a move forward basis, isolating legacy litigation expense/exposure and indebtedness for closed lease locations, while restructuring its minimal secured debt obligation. These restructuring efforts will provide Tervis the opportunity to maximize productive operations, eliminate negative operations, focus on core business, preserve jobs, and provide a long-term restructuring to enable the business to both survive and thrive for the benefit of consumers, licensors, creditors and employees. A restructuring will be far superior to a liquidation. Pursuant to 11 Section 1102(a) of the Bankruptcy Code, on September 23, 2024, the United States Trustee appointed creditors to serve on the Official Committee of Creditors Holding Unsecured Claims. The Committee is comprised of four members: Packsize, LLC; SIC Products, LLC; Association of Pickleball Professionals, LLC ("APP"); and TMF Plastic Solutions, LLC. The Debtor disputes the Claims of SIC Products and Packsize, which are both based on litigation claims against the Debtor, which are disputed and/or are subject to counterclaims. On December 6, 2024, the Committee filed an Objection to the Debtor's Disclosure Statement and an Objection to Confirmation of the Debtor's Plan of Reorganization, which objections remain pending. Copies of the Objections are included with solicitation of this Disclosure Statement. The Debtor disputes many of the assertions and arguments made by the Committee, and intends to address them in due course and, to the extent necessary, via the presentation of evidence at a confirmation hearing. The Plan generally provides for a payoff of the UCB secured debt with outside financing supported by the Holders of Equity Interests in the Debtor, with administrative expense, priority, and unsecured creditors being paid from available cash flow, net of the costs of operations, as well as potential recovery from Avoidance Actions and Litigation Proceeds. Class 7 Claims consist of all General Unsecured Claims, not otherwise classified in the Plan. The Debtor estimates General Unsecured Claims in the amount of $1,250,000. On account of Claims of General Unsecured Creditors, the holders of such Unsecured Claims will be paid pro rata a total of $1,263,000 during the Plan Period (the "GUC Distribution") as follows: Year 1: $88,000 Year 2: $275000 Year 3: $284,000 Year 4: $308,000 Year 5: $308,000 In addition, the GUC Distribution shall include pro rata distribution of any Litigation Proceeds or Avoidance Action Proceeds. Class 7 is Impaired under the Plan. Therefore, each holder of a Class 7 Claim is entitled to vote to accept or reject the Plan. Class 9 Claims consist of all holders of pre-petition Equity Interests in the Debtor. On the Effective Date, the pre-petition Equity Interests shall be deemed cancelled and extinguished. Thereafter, the Holders of Equity Interests shall receive equity in the Reorganized Debtor in consideration for (a) their contribution of the New Value Property as security for the takeout financing necessary to satisfy the Class 2 Claim of United Community Bank; (b) all accrued post-petition administrative expense wages that remain unpaid by the Debtor; and (c) their post-petition contribution and continued contribution to the operations of the Reorganized Debtor and assistance to the Reorganized Debtor in obtaining any additional and necessary financing for the continued operations of the Reorganized Debtor (collectively, the "New Value Contribution"). To the extent necessary for confirmation purposes, these contributions shall be treated as a new value contribution for the new Equity Interests. Holders of Equity Interests will not receive any other distribution under the Plan. The Debtor proposes a class of Administrative Convenience Claims. The Debtor estimates it has 58 creditors who are owed no more than $5,000 each. The Debtor proposes to make a single payment to each creditor of 75% of its total claim. The largest creditor in this class (subject to election by other creditors) will receive payment in the amount of $3,627 and the smallest creditor will get a payment of $8. Classifying Administrative Convenience Claims will allow the Debtor to make just 58 payments to these creditors rather than 1,160 payments over 5 years, saving the Debtor an estimated $16,530 in administrative costs, including inter alia, the cost per check, printing, postage, reconciliate, and other costs. The Debtor believes that it has the ability to perform its obligations under the Plan without further financial liquidation and the Projections attached hereto support this. Under the Plan, the Debtor generally proposes to pay unsecured claims from the net disposable income from ongoing operations of the Debtor after all operating expenses are paid. Under the Plan, unless the Debtor obtains outside financing to pay off the UCB debt, the Debtor is proposing to pay UCB on account of its Allowed Secured Claim over a reasonable period of time with interest on a fair and equitable basis. A full-text copy of the Amended Disclosure Statement dated December 17, 2024 is available at https://urlcurt.com/u?l=9K8qMw from PacerMonitor.com at no charge. Counsel to the Debtor: SHUMAKER, LOOP & KENDRICK, LLP Steven M. Berman, Esq. Seth P. Traub, Esq. 101 E. Kennedy Blvd., Suite 2800 Tampa, Florida 33602 Phone (813) 229-7600 Email: sberman@shumaker.com straub@shumaker.com About Tervis Tumbler Co. Tervis Tumbler Co. -- https://www.tervis.com -- is a third-generation American-owned and operated company, renowned for the durable construction of its drinkware, the timelessness of its decorations and designs, and the insulation qualities. Tervis sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-05274) on Sept. 5, 2024, with $10 million to $50 million in both assets and liabilities. Hosana Fieber, president and chief executive officer, signed the petition. Judge Roberta A. Colton oversees the case. The Debtor is represented by Steven M. Berman, Esq., at Shumaker, Loop & Kendrick, LLP. TRUSTED HEATING: Charles Mouranie Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Regions 3 and 9 appointed Charles Mouranie of CMM & Associates as Subchapter V trustee for Trusted Heating & Cooling Solutions, Inc. Mr. Mouranie will be paid an hourly fee of $350 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Mouranie declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Charles M. Mouranie CTP CMM & Associates 43313 Woodward Ave., Ste. 1189 Phone: 248.767.9492 Email: cmouranie@cmmengllc.com About Trusted Heating & Cooling Trusted Heating & Cooling Solutions, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 24-32422) on December 23, 2024, with $100,001 to $500,000 in assets and liabilities. Judge Joel D. Applebaum presides over the case. George E. Jacobs, Esq. at the Bankruptcy Law Offices represents the Debtor as legal counsel. TW AUTOMATION: Updates SBA Claims Pay Details; Amends Plan ---------------------------------------------------------- TW Automation, LC, submitted a Modified Second Amended Subchapter V Plan of Reorganization dated December 16, 2024. The Debtor will continue to operate its business. Initially, the U.S. Small Business Administration ("SBA") (the "EIDL Loan") loaned funds to the Debtor for the operation of its business and its debt was secured with all of Debtor's assets. Subsequently, the Debtor borrowed funds from Small Business Bank ("SBB"), which loan was an SBA guaranteed loan. Debtor also pledged all of its assets to secure repayment of the SBB loan. In the initial Plan, the SBA was to be paid in full to the extent of the value of the collateral which is pledged to the SBA. This was due to the fact that SBB had not filed its UCC-1 timely and had failed to obtain a subordination agreement with the SBA. The SBB's position was initially contemplated to be senior to the SBA. The Debtor has reached a settlement with SBB whereby SBB has agreed to modify its existing loan and to provide exit financing in the amount of $75,000. Doing so would require either: (i) the SBA to voluntarily subordinate their security interest in the EIDL Loan; or (ii) the Court finding that UCC-1 financing statement of SBA was not effective to perfect its security interest. Under either scenario (i) or (ii), SBB would be paid as the senior secured lender and SBA would be treated as a wholly unsecured creditor. After filing of the initial Second Amended Plan, the SBA indicated that it would not consent to subordination and filed an objection to the Plan and the Exit Financing Motion. By consent of the SBA and Debtor in Court, the parties briefed the UCC-1 effectiveness issue with the Court, and the Court issued its ruling that the UCC-1 of the SBA was not effective to perfect its security interest (the "UCC Order"). Thus the Debtor files this modified Plan to update the treatment of SBA given the Court's ruling and modify the Plan accordingly. The SBA's EIDL Loan claim will be treated as an unsecured claim in Class 3 as an unsecured claim. No modifications herein to the previous Second Amended Plan will change distribution to any creditors proposed under the previous Plan. The source of funding for the Plan will come from the revenues generated in the operation of the Debtor's business and to a limited extent, from the new funds loaned by SBB. Class 1 consists of the Claim of Small Business Bank. Upon the Effective Date, Debtor shall pay interest only at the rate of 8.00% for a period of one year (combined monthly payments of $3,306.52 for both notes), and thereafter, to pay principal and interest amortized and paid over a seventeen-year period, with combined monthly payments of $4,455.15. subject to adjustment with a variable interest rate as described in the Exit Funding Agreement and its exhibits. The amount of claim in this Class total $495,977.27. Like in the prior iteration of the Plan, the Allowed Unsecured Non-Priority Claims will be paid a lump sum of $75,000, payable in quarterly payments of $3,750 each, prorata to the Allowed Unsecured NonPriority Claims. The payments will start six months following the Effective Date and will be paid over a five-year period (which would end 5.5 years after the Effective Date). In addition, the Debtor will pay 50% of any net profit, for the next 5 years, to this Class 3, calculated by May 1 of the following year (i.e. 2024 calculated by May 1, 2025) and payable by May 31st of the following year (i.e. by May 31, 2025). This Class is impaired. Robert Wayman, Jr. is contributing services valued at approximately $7,500 per month for a period of sixty months or a total value of $450,000. The Debtor shall make all payments required under this Plan with its future income and to a limited extent, with the post-petition funds loaned by Small Business Bank. To the extent the Plan provides for any balloon or lump sum payment, Debtor may seek financing to satisfy these obligations. A full-text copy of the Modified Second Amended Plan dated December 16, 2024 is available at https://urlcurt.com/u?l=okC48y from PacerMonitor.com at no charge. The Debtor's Counsel: Erlene W. Krigel, Esq. KRIGEL & KRIGEL, PC 4520 Main Street, Suite 700 Kansas City, MO 64111 Tel: 816-756-5800 Fax: 816-756-1999 About TW Automation TW Automation, LC, is an automation company in Lenexa, Kansas. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Kan. Case No. 23-21184) on Oct. 5, 2023, with $320,183 in assets and $1,473,191 in liabilities. Jason Luzar, member, signed the petition. Judge Robert D. Berger oversees the case. Erlene W. Krigel, Esq., at Krigel & Krigel, PC, is the Debtor's legal counsel. VERDE RESOURCES: Chen Ching Quits as Director, Replacement Named ---------------------------------------------------------------- Verde Resources, Inc., disclosed in a Form 8-K filed with the Securities and Exchange Commission that effective Dec. 26, 2024, Chen Ching voluntarily resigned from his position as director of the Company. There have been no disagreements between the Company and Mr. Chen known to an executive officer of the Company on any matter relating to the Company's operations, policies or practices. By resolution of the Board, Eric Bava (44) was appointed director of the Company, effective Dec. 26, 2024. Mr. Bava will hold the Board position formerly held by Chen Ching. The Company believes that the educational background, business and operational experience of the elected director give him the qualifications and skills necessary to serve as Director of the Company. Since being appointed as the chief operating officer of Verde Resources Inc. in Oct 2023, Mr. Eric Bava has been pivotal in driving operational growth and expanding the company's strategic partnerships. His leadership has resulted in groundbreaking initiatives, including key projects with the National Center for Asphalt Technology (NCAT) to validate the Verde Blueprint and promote eco-friendly technologies. Mr. Bava has also engaged with leading building materials companies to explore commercialization opportunities, leveraging strategic partnerships to advance Verde's sustainable innovations. Working closely with the CEO and the C-suite team, Bava continues to position Verde Resources as a leader in Net Zero solutions within the building materials industry. About Verde Resources Headquartered in St. Louis, MO, Verde Resources, Inc. specializes in Net Zero road construction and building materials, driving innovations that enhance sustainability and advance environmental stewardship. Since 2021, the Company's BioFraction facility in Borneo has been converting palm waste into biochar and other sustainable byproducts. Kuala Lumpur, Malaysia-based J&S Associate PLT, the Company's auditor since 2022, issued a "going concern" qualification in its report dated Oct. 16, 2024, citing that the Company has generated recurring losses and suffered from an accumulated deficit of $13,480,204 as of June 30, 2024. These matters raise substantial doubt about the Company's ability to continue as a going concern. VOIP-PAL.COM: Incurs $10.17 Million Net Loss in FY Ended Sept. 30 ----------------------------------------------------------------- VoIP-PAL.COM Inc. filed with the Securities and Exchange Commission its Annual Report on Form 10-K disclosing a net loss and comprehensive loss of $10.17 million for the year ended Sept. 30, 2024, compared to a net loss and comprehensive loss of $23.11 million for the year ended Sept. 30, 2023. As of Sept. 30, 2024, the Company had $2.46 million in total assets, $300,782 in total liabilities, and $2.16 million in total stockholders' equity. Vancouver, Canada-based Davidson & Company LLP, the Company's auditor since 2015, issued a "going concern" qualification in its report dated Dec. 23, 2024, citing that the Company is in various stages of product development and continues to incur losses and, as at September 30, 2024, had an accumulated deficit of $103,357,782 (September 30, 2023 - $93,185,588). These material uncertainties raise substantial doubt about its ability to continue as a going concern. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1410738/000149315224052072/form10-k.htm About VoIP-PAL.com Inc. Since March 2004, VoIP-PAL.com Inc. has been in the development stage of becoming a Voice-over-Internet Protocol ("VoIP") re-seller, a provider of a proprietary transactional billing platform tailored to the points and air mile business, and a provider of anti-virus applications for smartphones. All business activities prior to March 2004 have been abandoned and written off to deficit. WESTERN RISE: Unsecureds Will Get 10.9% of Claims over 4 Years -------------------------------------------------------------- Western Rise, Inc., submitted an Amended Small Business Plan of Reorganization under Subchapter V dated December 16, 2024. The Debtor's primary assets are its inventory. The Debtor's primary value to its creditors, therefore, is through continued operations. Class 5 consists of the claim of First Southwest, who has filed a secured claim in the sum of $72,808.00. As with B Side, the Debtor disputes the secured status of First Southwest because it never perfected its lien against the Debtor's assets in the State of Delaware and because First Southwest also subordinated its lien rights to of Greenline. Pursuant to Section 506(c) of the Bankruptcy Code, it will be treated as an allowed general unsecured claim in the sum of $72,808.00 in Class 9. Class 9 consists of those unsecured creditors of the Debtor who hold Allowed Claims. Class 9 shall receive three distributions under the Amended Plan, each in 2028, and each beginning only after the Debtor has refinanced and paid off its obligation to Greenline in full by the Payment Deadline as described in Class 3 above. After paying off its obligation to Greenline as by the Payment Deadline as described in Class 3 above, the Debtor shall distribute to general unsecured creditors, pro rata the sum of $111,823.64. The Debtor estimates that payment will be made on or before January 31, 2028. This first payment was calculated by taking the projected ending cash balance from the close of the prior month and distributing 25% of that number to general unsecured creditors. On or before October 31, 2028, the Debtor shall distribute to general unsecured creditors pro rata the sum of $80,000.00, which was calculated in order to ensure both a distribution to unsecured creditors in that quarter while also ensuring the Debtor's ending cash balance remained positve. Finally, on or before the end of 2028, the Debtor shall distribute to general unsecured creditors pro rata the sum of $385,060.68, which amount was calculated by taking the Debtor's projected ending cash balance at the end of 2028 and distributing all of its ending cash balance above $300,000 to general unsecured creditors at the end of the year. The sum of $300,000 was used to ensure the Debtor has sufficient remaining capital to continue operations after it completes its payment obligations under the Plan. For the absence of doubt, the Debtor is guaranteeing the payment to general unsecured creditors as described herein only to the extent that the Class 3 Claim is paid in full by the Payment Deadline as described in Class 3 Claim treatment and the Debtor has paid or otherwise satisfied in full the Debtor-in-Possession loan from Greenline that is not impaired in anyway by this Plan. If the Class 3 Claim is not paid in full by the Payment Deadline and the Debtor-in-Possession loan has not been fully repaid or otherwise satisfied, no distributions shall be made to Class 9 claimants without the prior written consent of the Class 3 Claim holder. The Debtor has to purchase its inventory via a lump sum payment which it then sells over time. As a result, the Debtor's ending cash balance in a given month or quarter is not a proper illustration of "projected net disposable income" as that term appears in Section 1191(b) of the Bankruptcy Code because of the significant lump sum costs the Debtor incurs to maintain its inventory. The Debtor asserts that this proposed payment structure complies with Section 1191(b) of the Bankruptcy Code and avoids the Debtor running into the same problems that caused this bankruptcy in the first place, lacking cash to buy inventory to support its operations. Under this plan, Class 9 Creditors will receive 10.9% on account of their claims, which calculation does not account for any reduction on account of The S Group claim after it sells the inventory in its possession. Upon request by any party in interest, the Debtor shall provide financial statements, including amounts disbursed to creditors in accordance with the Plan. The Debtor's Plan is feasible, subject to receipt of Debtor-in Possession financing of $350,000.00 prior to confirmation of the Plan, which request is pending in front of the Court. The financing is necessary to allow the Debtor to purchase the inventory that it needs to continue its operations. The Debtor will make payments to unsecured creditors of $576,884.32, equal to 10.9% over the course of 4-years, subject to the explanation regarding The S Group's claim in Section 5.1(c). As evidenced by the projections, Debtor anticipates that its income will be positive each year of the Plan, and will generate sufficient revenue to meet its obligations under the Plan. The Debtor has used its best efforts to prepare accurate projections. A full-text copy of the Amended Plan dated December 16, 2024 is available at https://urlcurt.com/u?l=OLRibI from PacerMonitor.com at no charge. Attorneys for the Debtor: Jonathan M. Dickey, Esq. Kutner Brinen Dickey Riley, PC 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Tel: (303) 832-2400 Email: jmb@kutnerlaw.com About Western Rise Western Rise, Inc., is a manufacturer of travel clothing and accessories in Telluride, Colo. Western Rise filed its voluntary petition for Chapter 11 protection (Bankr. D. Colo. Case No. 24-13394) on June 19, 2024, with $3,401,871 in assets and $5,266,556 in liabilities. Kelly Watters, president, signed the petition. Judge Joseph G. Rosania Jr. oversees the case. The Debtor tapped Kutner Brinen Dickey Riley, PC, as bankruptcy counsel and Potomac Law Group, PLLC and Catalyst Law Group as special counsel. XTI AEROSPACE: Releases Preliminary Annual Meeting Results ---------------------------------------------------------- XTI Aerospace, Inc., disclosed in a Form 8-K filed with the Securities and Exchange Commission that on Dec. 27, 2024, it held its 2024 annual meeting of stockholders at which the stockholders: (1) elected Soumya Das and Scott Pomeroy to serve as a Class I directors until the 2027 annual meeting of stockholders or until the election and qualification of their successors; (2) ratified the appointment of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending Dec. 31, 2024; (3) approved an amendment to the Company's Restated Articles of Incorporation, as amended, to increase the number of authorized shares of Common Stock to up to 1,000,000,000, with such number to be determined at the discretion of the Company's Board of Directors; (4) approved an amendment to the Articles of Incorporation to effect a reverse stock split of the Company's outstanding Common Stock, at a ratio between 1-for-2 and 1-for-250, to be determined at the Board's discretion, for the purpose of complying with the Nasdaq Listing Rules, subject to the Board's discretion to abandon such amendment; (5) approved the potential issuances of shares of Common Stock pursuant to one or more potential non-public transactions in accordance with Nasdaq Listing Rule 5635(d); and (6) authorized the adjournment of the Annual Meeting. According to the Company, these results are preliminary estimates only and are subject to change based on the certification of the voting results by the Inspector of Election. The Company will file an amendment to this Current Report on Form 8-K to disclose the final voting results after receiving the Inspector of Election's final certified report. Based on the estimated preliminary voting results received from the Inspector of Election and subject to the qualifications set forth herein, at the beginning of the Annual Meeting, there were 91,018,853 shares of common stock, par value $0.001 per share, of the Company present or represented by proxy at the Annual Meeting, which represented approximately 42.04% of the voting power of the shares of Common Stock entitled to vote at the Annual Meeting, and which constituted a quorum for the transaction of business. Holders of Common Stock were entitled to one vote for each share held as of the close of business on Nov. 19, 2024. About XTI Aerospace XTI Aerospace, Inc. -- https://xtiaerospace.com -- is the parent company of XTI Aircraft Company headquartered near Denver, Colorado. XTI Aerospace is developing the TriFan 600, a vertical lift crossover airplane (VLCA) that combines the vertical takeoff and landing (VTOL) capabilities of a helicopter with the speed and range of a fixed-wing business aircraft. The TriFan 600 is designed to reach speeds of 345 mph and a range of 700 miles. New York-based Marcum LLP, the Company's auditor since 2012, issued a "going concern" qualification in its report dated April 16, 2024, citing that the Company has a significant working capital deficiency, has incurred significant losses, and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. YIELD10 BIOSCIENCE: Seeks to Hire Rosner Law Group as Counsel ------------------------------------------------------------- Yield10 Bioscience, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ The Rosner Law Group LLC as counsel. The firm will provide these services: (a) provide legal advice regarding local rules, practices, and procedures and provide substantive and strategic advice on how to accomplish the Debtors' goals in connection with the prosecution of these Chapter 11 cases; (b) prepare on behalf of the Debtors all necessary legal papers in connection with the administration of their estates; (c) take all necessary actions in connection with any Chapter 11 plan and related disclosure statement and all related documents, and such further actions as may be required in connection with the administration of the Debtors' estates; (d) appear in court and at any meeting with the U.S. Trustee and any meeting of creditors at any given time on behalf of the Debtors; (e) take all necessary action to protect and preserve the value of the Debtors' estates; and (f) perform all other services assigned by the Debtors. The firm's counsel and staff will be paid at these hourly rates: Frederick Rosner, Esq. $495 Zhao Liu, Esq. $425 Chan Dong, Esq. $325 Tian Chen, Paralegal $250 Sirui Wang, Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $52,500 from the Debtor. Mr. Rosner disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Frederick B. Rosner, Esq. The Rosner Law Group LLC 824 N. Market St., Ste. 810 Wilmington, DE 19801 Telephone: (302) 777-1111 Email: rosner@teamrosner.com About Yield10 Bioscience Yield10 Bioscience develops Camelina varieties for seed products, including feedstock oils, nutritional oils, and PHA bioplastics, as outlined on its website. Yield10 Biosciences and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-12752) on December 6, 2024. In the petition filed by Oliver P. Peoples, authorized person, Yield10 Biosciences reports total assets of $8,218,085 and total debts of $5,771,189. Honorable Bankruptcy Judge Mary F. Walrath oversees the case. Frederick B. Rosner, Esq., at The Rosner Law Group LLC serves as the Debtors' counsel. YIELD10 BIOSCIENCE: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------------ The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Yield10 Bioscience, Inc. About Yield10 Bioscience Yield10 Bioscience, Inc., and two affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Lead Case No. 24-12752) on December 6, 2024. The two affiliates are Yield10 Bioscience Securities Corp. (Case No. 24-12753) and Yield10 Oilseeds Inc. (Case No. 24-12755). Yield10, f/d/b/a Metabolix Bioscience, Inc., is an agricultural bioscience company focused on commercializing sustainable products using the oilseed Camelina sativa as a platform crop. Yield10's goal is to efficiently develop gene traits for the crops to increase yield. The case is before Judge Hon. Mary F. Walrath. The Debtors' counsel is Frederick B. Rosner, Esq., at The Rosner Law Group, LLC, in Wilmington, DE. The Debtors disclosed total assets of $8,218,085 and total debts of $5,771,189. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. 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