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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, May 7, 2025, Vol. 29, No. 126

                            Headlines

101 CASE MIRELLA: Public Sale Auction Set for May 29
1291 BRITAIN DR: Case Summary & 20 Largest Unsecured Creditors
215 PAPER MILL RD: Seeks Chapter 11 Bankruptcy in Georgia
9707 WOODSCAPE: Seeks Chapter 11 Bankruptcy in Texas
ACROSS INC: Updates Unsecured Claims Details; Files Amended Plan

ACUTE HVACR: Seeks Subchapter V Bankruptcy in South Carolina
ADVANCED TECHNICAL: S&P Affirms 'BB+' Rating on Refunding Bonds
AKOUSTIS TECHNOLOGIES: Gets Extension to Access Cash Collateral
AMERICAN WARRIOR: Seeks to Sell Vehicles at Auction
AMERICAN WARRIOR: To Sell Garden City Property at Auction

AMERINVEST LLC: Court Extends Cash Collateral Access to May 13
AMERITRANS EXPRESS: Amends Unsecured Claims Pay Details
APPLICO LLC: Gets Interim OK to Use Cash Collateral
ARCHDIOCESE OF BALTIMORE: Court Permits Md. Abuse Survivors to Sue
ASCEND PERFORMANCE: Gibson Dunn & Howley Represent Ad Hoc Group

ASSOCIATED MUTUAL: A.M. Best Affirms B(Fair) FS Rating
AT HOME GROUP: Moody's Cuts CFR to Ca & Alters Outlook to Negative
BARBARA FALATICO-BRODOCK: CBB, et al. Lose Bid to Dismiss Lawsuit
BEACH HOUSE: Unsecureds to Get Share of Income for 5 Years
BED BATH: Cohen, et al.'s Motion to Dismiss Lawsuit Granted in Part

BISTRO AT CHERRY: Seeks Chapter 11 Bankruptcy in New Jersey
BRIGHTMARK PLASTICS: Opposes Bond Trustee's Ch. 11 Dismissal Bid
BROADSTREET PARTNERS: Moody's Affirms 'B3' CFR, Outlook Stable
BUILDERS FIRSTSOURCE: Moody's Rates New $500MM Unsec. Notes 'Ba2'
BUILDERS FIRSTSOURCE: S&P Rates New Senior Unsecured Notes 'BB-'

BURGESS BIOPOWER: Gets Clearance to Proceed w/ Ch. 11 Restructuring
BYJU'S ALPHA: U.S. Lenders Sue OCI Ltd to Recover Missing Funds
CARDINAL OVERLOOK: Gets Interim OK to Use Cash Collateral
CAREPOINT HEALTH: Fine-Tunes Plan Documents
CASA GARCIA: Updates Restructuring Plan Disclosures

CELSIUS NETWORK: Mawson Opposes Ch. 11 Case Sanctions Attempt
CLARIVATE PLC: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
CMN GROUP: Seeks Subchapter V Bankruptcy in Virginia
COSTELLO SR.-ALLEN: Seeks Chapter 11 Bankruptcy in New York
COTTON HOUSE: Hires Buckmiller & Frost PLLC as Counsel

CPI HOLDCO: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
CRICKET AUTOMOTIVE: Gets Extension to Access Cash Collateral
D2 GOVERNMENT: Seeks to Hire J.M. Cook P.A. as Legal Counsel
DASHFIRE LLC: Gets Interim OK to Use Cash Collateral Until June 4
DIVISIONS HOLDING: S&P Withdraws 'B' Issuer Credit Rating

DOUBLE PLAY: Case Summary & 20 Largest Unsecured Creditors
DUETO OF SECOND: Unsecureds Will Get 3% of Claims over 36 Months
E.L. SERVICES: Court Extends Cash Collateral Access to July 30
ELDER'S GRINDING: Hires Nardone Law Firm PLLC as Counsel
ELDER'S GRINDING: Seeks to Hire Sarah Funk as Bookkeeper

ELEGANZA TILES: Has Deal on Cash Collateral Access
EMILY L. LONGWITH: Unsecureds Will Get 4.07% over 5 Years
ENDO INTERNATIONAL: Court Tosses Taylor Adversary Proceeding
ENDO INTERNATIONAL: Plan Administrator's Claim Objection Sustained
ENVIROSCENT INC: Exit Financing or Sale Proceeds to Fund Plan

EQM MIDSTREAM: Moody's Withdraws 'Ba2' Corporate Family Rating
ES PARTNERS: Hires Brian K. McMahon P.A. as Counsel
EXACTECH INC: Committee Objects to Chapter 11 Voting Materials
FAMILY SOLUTIONS: Creditors to Get Proceeds From Liquidation
FEEDEX COMPANIES: Hires McCurdy Real Estate as Auctioneer

FIREPAK INC: Court Extends Cash Collateral Access to June 9
FRANCIS TRUST: Gets Interim OK to Use Cash Collateral Until June 3
FREIRICH FOODS: Seeks to Sell NC Property via Auction
FRESH START: Section 341(a) Meeting of Creditors on May 28
FUSE GROUP: Signs $30,000 Convertible Note Deal With Chen Fei Li

FXI HOLDINGS: Moody's Cuts CFR to Caa3 & Alters Outlook to Negative
G FAB: Amends Motion to Sell Ford Truck for $32,928
GLOBAL JOINT: Seeks Chapter 11 Bankruptcy in New York
GRANT THORNTON: Moody's Affirms 'B2' CFR, Outlook Stable
HAMMER FIBER: Incurs $436K Net Loss in Quarter Ended Oct. 31

HERITAGE COAL: To Convert Ch. 11 to Ch. 7 if Deal Not Reached
IMERYS TALC: Court Rejects Italian Unit's Future Claims Rep. Choice
INVENERGY THERMAL: Moody's Rates New Sr. Secured Loans 'Ba2'
JACKSON-STRONG: Patisso Can't Object to Motion to Withdraw Counsel
JUNK IT PLUS: Unsecured Creditors to Split $18K over 3 Years

KINA LANE: Jami Nimeroff Named Subchapter V Trustee
KYTTO ENTERPRISE: Hires Vilarino & Associates LLC as Counsel
LILY616 LLC: Gets Interim OK to Use Cash Collateral
LOCALS ONLY: Seeks to Hire Farinash & Stofan as Counsel
MAINE CRAFT: Hires Purdy Powers & Company P.A. as Accountant

MARK REAL ESTATE: Court OKs DIP Loan From Titan Funding
MATCHBOOK LEARNING: Moody's Alters Outlook on Ba2 Rating to Stable
MAVIS TIRE: Moody's Affirms 'B3' CFR, Outlook Remains Stable
MCDAB FAMILY TRUST: Case Summary & Five Unsecured Creditors
MIDWEST ENGINEERED: Seeks Subchapter V Bankruptcy in Minnesota

MILAN SAI: Hires Tabani Realty LLC as Real Estate Broker
MSHINGES.COM: Unsecureds to Get $25K per Year for 5 Years
NATIONAL FENCE: Seeks Subchapter V Bankruptcy in Massachusetts
NEOGEN FOOD: Moody's Affirms 'Ba3' CFR & Alters Outlook to Negative
NU STYLE LANDSCAPE: Updates Unsecured Claims Details; Amends Plan

ODEBRECHT ENGENHARIA: UST's Objections to RJ Plan Overruled
OTB HOLDING: Committee Hires Eversheds Sutherland as Counsel
OTB HOLDING: Panel Taps Deloitte Transactions as Financial Advisor
PAP-R PRODUCTS: Court Extends Cash Collateral Access to July 31
PARAMOUNT REAL ESTATE: Seeks Subchapter V Bankruptcy in Illinois

PEEK LLC: Claims to be Paid From Continued Operations
PENNYMAC FINANCIAL: Fitch Gives BB(EXP) on $650MM Unsec. Notes
PENNYMAC FINANCIAL: Moody's Rates New $650MM Unsecured Notes 'Ba3'
PIVOTAL ANALYTICS: Files Emergency Bid to Use Cash Collateral
PLZ CORP: S&P Lowers ICR to 'CCC+' on Heightened Refinancing Risk

PUBLISHERS CLEARING: Olshan Frome Represents WARN ACT Claimants
RADIX HAWK: Court Extends Cash Collateral Access to June 3
REBELLION POINT: John G. Rhyne Represents OBX Billiards & Itchka
RED VENTURES: S&P Downgrades ICR to 'B+', Outlook Negative
REEF POOLS: Seeks Subchapter V Bankruptcy in Florida

RHDM OIL: Seeks to Hires Salcedo Law Group as Special Counsel
RIDGE HOME: Hires Law Office of Mark J. Giunta as Counsel
RITE AID: Case Summary & 50 Largest Unsecured Creditors
ROCKY MOUNTAIN: Hires Lucove Say & Co. as Accountant
RONBON LLC: Newtek Seeks to Prohibit Cash Collateral Access

SIRENS SONG: Hires Silver Voit Garrett & Watkins as Counsel
SOUTHFIELD VENTURES: Court Dismisses Bankruptcy Case
SPEARMAN AEROSPACE: Court Extends Cash Collateral Access to July 31
SPENCER SPIRIT: Moody's Cuts CFR to 'B2', Outlook Stable
STAR PUMP: Unsecured Claims Under $2K to Recover 10% in Plan

SYSOREX GOVERNMENT: Seeks to Sell Business at Auction
TD&H INC: Unsecured Creditors to Split $225K in Plan
TECH RABBIT: Hires David C. Johnston as Legal Counsel
THINK DEVELOPMENT: Taps Harish Srinivasan Iyer as Accountant
THINK GOODNESS: Hires Mesch Clark Rothschild as Counsel

TINY FROG: Hires Dale B. Harris CPA CGMA as Accountant
UNITI GROUP: Fitch Keeps 'B+' IDR on Watch Negative
V850JACKSON LLC: Case Summary & 20 Largest Unsecured Creditors
VEROBLUE FARMS: Wins Summary Judgment Bid in Cassels Lawsuit
VIA ESCUELA: Unsecureds to be Paid in Full in Sale Plan

VIPER ENERGY: Moody's Raises CFR to Ba1 & Alters Outlook to Stable
VIVA LIBRE: Seeks Subchapter V Bankruptcy in California
WANDERLY LLC: To Sell Business Properties to StaffDNA for $4.2MM
WELLPATH HOLDINGS: Court Extends Stay of Simpson Civil Rights Suit
WEST PACE: Court Overrules Hayley, et al.'s Claim Objection

YOHMAN LANDSCAPING: Hires Steidl and Steinberg PC as Counsel

                            *********

101 CASE MIRELLA: Public Sale Auction Set for May 29
----------------------------------------------------
The 100% of the limited liability company interest in 101 Casa
Mirella Way LLC ("pledged entity") together with al related rights
and property relating thereto as described in a pledgee agreement
("collateral"), will be offered for sale at a public auction and
sold to the selected participant on May 29, 2025, at 3:00 p.m.
Eastern Prevailing Time.  The sale will be conducted in person in
front of the New York Supreme Court, New York County Courthouse
located at 60 Centre, New York, New York 10007 and virtually Zoom.

The principal asset of the pledged entity is a multifamily complex
located at 101 Casa Mirella Way, Windermere, Florida ("property").

This sale held to enforce the rights of Starwood Property Mortgage
Sub-2 LLC ("secured party"), successor-in-interest to Starwood
Property Mortgage Sub-10-A LLC ("original lender"), as secured
party, under (a) that certain mezzanine loan agreement Aug. 1, 2022
between original lender and 101 Case Mirella  Way Mez LLC
("Debtor") and (b) that certain pledge and security agreement dated
Aug. 1, 2022 between Debtor and Original lender, both of which (a)
and (b) are currently held by secured party.

Interested parties who would like additional information regarding
the collateral and the terms of the public sale should execute the
confidentiality agreement which can be reviewed at the website
https://www.101casemirellawayUCCSale.com.

For questions and inquiries, please contact Brett Rosenberg at
Jones Lang LaSalle Americas Inc., 300 Madison Avenue, Floors 3-5,
New York, NY 10017, Tel: (212) 812-5926, Email:
brett.rosenberg@jll.com.


1291 BRITAIN DR: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: 1291 Britain Dr PCPRE, LLC
          d/b/a Britain Village
        1291 Britain Drive
        Lawrenceville, GA 30044

Business Description: 1291 Britain Dr PCPRE, LLC operates Britain
                      Village Apartments, a residential complex
                      located at 1291 Britain Drive in
                      Lawrenceville, Georgia.  The property offers
                      two- and three-bedroom units with standard
                      amenities and is managed by Premier Living
                      US.

Chapter 11 Petition Date: May 5, 2025

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 25-54940

Debtor's Counsel: Ashley Reynolds Ray, Esq.
                  SCROGGINS, WILLIAMSON & RAY, P.C.
                  4401 Northside Parkway
                  Suite 230
                  Atlanta, GA 30327
                  Tel: 404-893-3880
                  Email: aray@swlawfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Randy Lawrence as authorized officer.

A full-text copy of the petition is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/BSBPJAA/1291_Britain_Dr_PCPRE_LLC_dba__ganbke-25-54940__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

    Entity                           Nature of Claim  Claim Amount

1. Evolution                       Services Rendered       $27,151
Reinforcing
1751 Sacketts Dr
Lawrenceville, GA 30043
Ricardo Ordonez
Email: Admin@evolutionreinforcing.com
Phone: (678) 615-1078

2. Drew Eckl Farnham               Services Rendered       $18,960
303 Peachtree St,
NE
Ste 3500
Atlanta, GA 30308
Matt Nanninga
Email: NanningaM@deflaw.com
Phone: (404) 885-6221

3. M&B General                     Services Rendered       $18,645
Contractors LLC
780 Riverview Lane
Winder, GA
30680-3147
Miguel Soto
Email: Mbcontracting21@gmail.com
Phone: (724) 757-9885

4. Clean 2 Go Services LLC         Services Rendered       $18,475
2065 Waycross Lane
Dacula, GA 30019
Billy Arrieta
Email: clean2go2021@gmail.com
Phone: (470) 408-8454

5. Dispo Depot LLC                 Services Rendered        $9,743
dba Renters Reference Se
2323 Perimeter Park Dr
Suite 120
Atlanta, GA 30341
Brian Burkhalter
Email: info@dispo-depot.com
Phone: (770) 458-0729

6. 44 Appliance &                  Services Rendered        $8,907
Supply Co, Inc.
8105 Cobb Center
Dr C
Kennesaw, GA 30152
Sabrina Foster
Email: SabrinaFoster@ap
pliancesupply.com
Phone: (770) 426-5144

7. Waste Management of Atlanta     Services Rendered        $6,004
P.O. Box 4648
Payment Processing
Carol Stream, IL
60197-4648
John Monroe
Email: accounting@wm.com
Phone: (855) 852-7110

8. Landscape Mgmt                  Services Rendered        $5,800
Services, Inc
PO Box 2021
Tucker, GA 30085
Ben McMillan
Email: Thorin@lmsatlanta.com
Phone: (770) 939-6450

9. Chadwell Supply, Inc.           Services Rendered        $5,180
PO Box 105172
Atlanta, GA
30348-5172
Jody Carder
Email: Jody.Carder@ChadwellSupply.com
Phone: (678) 293-8454

10. Jackson EMC                    Services Rendered        $4,440
P.O. Box 166023
Altamonte Springs,
FL 32716-6023
Miley Gotez
Email: info@jacksonemc.com
Phone: (770) 963-6166

11. Sesmas Tree Service LLC        Services Rendered        $2,500
1530 Purcell Rd
Lawrenceville, GA
30043-5729
Bo Ark
Email: info@sesmastreeservice.com
Phone: (678) 896-8352

12. Rent Group Inc.                Services Rendered        $1,212
PO Box 740925
Atlanta, GA
30374-0925
David Johnson
Email: Billing@rent.com
Phone: (678) 421-3000

13. Robert P. Hein, PC             Services Rendered        $1,175
2970 Clairmont
Road N.E.
Ste 220
Brookhaven, GA 30329
Kathy Clairmont
Email: info@roberthein.com
Phone: (404) 633-511

14. Reynolds Restoration Group     Services Rendered        $1,030
PO Box 870295
Stone Mountain, GA 30087
Maurice Reynolds
Email: info@reynoldsrest
orationgroup.com
Phone: (678) 508-6278

15. Initech Plumbing LLC           Services Rendered          $976
dba 1-Tom-Plumber
332 Swanson Dr
Suite A
Lawrenceville, GA 30043
Becky Flower
Lawrenceville@1tomplumber.com
Phone: (678) 782-8891

16. Apartments.com                 Services Rendered          $778
2563 Collection
Center Dr
Chicago, IL 60693
Matthew Blocher
Email: mblocher@costar.com
Phone: (202) 346-6775

17. Ellis Management               Services Rendered          $609
Services, Inc
4545 Fuller Dr
Suite 406
Irving, TX 75038
Claudia Meneses
Email: accounting@gracehill.com
Phone: (972) 256-3767

18. Alpha Creek Services LLC       Services Rendered          $476
3690 Holcomb
Bridge Road
Peachtree Corners,
GA 30092
Jake Dawson
Email: jdawson@alphacreek.com
Phone: (404) 445-4717x2700

19. Titan Pest Solutions, Inc       Services Rendered         $250
PO Box 1002
Holly Springs, GA
30142-1002
John Johnson
Email: John@titanpest.com
Phone: (770) 727-8660

20. Banyan Utility                  Services Rendered         $250
P.O. Box 86531
San Diego, CA
92138-6229
Jackie Atallah
Email: JAtallah@BanyanUtility.com
Phone: (800) 266-0968 x 746


215 PAPER MILL RD: Seeks Chapter 11 Bankruptcy in Georgia
---------------------------------------------------------
On May 5, 2025, 215 Paper Mill Rd PCPRE LLC filed Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Georgia. According to court filing, the
Debtor reports between$1 million to $10 million in debt owed to
1 and 49 creditors. The petition states funds will be available to
unsecured creditors.

           About 215 Paper Mill Rd PCPRE LLC

215 Paper Mill Rd PCPRE LLC, doing business as The Carolina, owns
and operates a multifamily residential property in Lawrenceville,
Georgia. The complex offers two-bedroom units with standard
amenities and is managed by Premier Living US.

215 Paper Mill Rd PCPRE LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-54943) on
May 2, 2025. In its petition, the Debtor reports estimated assets
between $10 million and $50 million and estimated liabilities
between $1 million and $10 million.

Honorable Bankruptcy Judge Lisa Ritchey Craig handles the case.

The Debtor is represented by Ashley Reynolds Ray, Esq. at
SCROGGINS, WILLIAMSON & RAY, P.C.


9707 WOODSCAPE: Seeks Chapter 11 Bankruptcy in Texas
----------------------------------------------------
On May 2, 2025, 9707 Woodscape 2020 LLC filed Chapter 11
protection in the U.S. Bankruptcy Court for the Southern District
of Texas. According to court filing, the Debtor reports between
$10 million and $50 million in debt owed to 1 and 49 creditors.
The petition states funds will be available to unsecured
creditors.

           About 9707 Woodscape 2020 LLC

9707 Woodscape 2020 LLC, operates Woodscape Apartments, a
multifamily residential complex located at 9707 S Gessner Rd in
Houston, Texas. The property features various unit types and
amenities, including gated access, a fitness center, and a
community pool.

9707 Woodscape 2020 LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-32463) on May 2,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $10 million and $50 million.

Honorable Bankruptcy Judge Jeffrey P. Norman handles the case.

The Debtor is represented by William Haddock, Esq. at PENDERGRAFT &
SIMON LLP.


ACROSS INC: Updates Unsecured Claims Details; Files Amended Plan
----------------------------------------------------------------
Across, Inc., submitted a Second Amended & Restated Plan of
Reorganization dated April 1, 2025.

This Plan deals with all property of Debtor and provides for
treatment of all Claims against Debtor and its property.

Class 4 consists of general unsecured claims not otherwise
specifically classified in the Plan, including deficiency claims
and any Allowed rejection damages. Debtor will pay the Holders of
Class 4 General Unsecured Claims in accordance with the Plan
Payment Procedures set forth in the Plan. Across Healthcare, LLC
and Jason Colquitt and Laura Colquitt will not participate in the
pro-rata distributions provided to Class 4 Holders of General
Unsecured Claims, and shall reserve their claims instead.

The Debtor discloses that its estimated claim if no claim objection
filed (not an admission or waiver) total $734,872.84. The Class 4
Claims are Impaired by the Plan and the holders of the Class 4
Claims are entitled to vote to accept or reject the Plan.

Class 5 consists of the Interest Claims (i.e. the claim of
Debtor’s shareholders based upon ownership of Debtor). Laura
Colquitt will retain her 51% interest in the Debtor. Jason Colquitt
will retain his 49% interest in the Debtor. Nothing herein shall
constitute an admission as to the nature, validity, or amount of
such claim. Debtor reserves the right to object to any and all
claims.

"Administrative and General Unsecured Creditors Payment" means the
projected disposable income of the Debtor to be received in the
four-year period beginning on the date that the first payment is
due to the General Unsecured Creditors under this Plan, which will
be applied to make payments under the Plan. The Administrative and
General Unsecured Creditors Payment shall be fixed based upon the
amount set forth on this Plan as attached hereto which shall be 48
payments of $6,979.17 each.

The Debtor shall pay the Administrative and General Unsecured
Creditors Payment in satisfaction of its obligations to (i)
administrative claims and (ii) Class 4 General Unsecured Creditors.


The Debtor shall pay the Administrative and General Unsecured
Creditors Payment commencing on the 28th day of the first full
month following the Effective Date and continuing by the 28th day
of each subsequent month (or the next Business Day if the 28th day
is not a Business Day) for a total of 48 months.

Such payments shall be disbursed as follows:

     * First, to any allowed administrative expenses fees until
paid in full. Debtor anticipates and projects the following
administrative expenses: (1) Jones & Walden, LLC, as counsel to the
Debtors, and (2) Tamara Ogier, as Subchapter V Trustee.

     * Upon payment in full of any allowed administrative expense
fees, all remaining payments shall be paid to Class 4 General
Unsecured Creditors pro-rata.

     * For the avoidance of doubt, any priority or secured claims
of the Internal Revenue Service, the Georgia Department of Revenue,
and Class 3, if any, shall be treated as provided in their
respective Classes.

The source of funds for the payments pursuant to the Plan is
Debtor's continued operations, the continued operations of
Healthcare, and monies from Jason Colquitt and Laura Colquitt.

A full-text copy of the Second Amended and Restated Plan dated
April 1, 2025 is available at https://urlcurt.com/u?l=Isqow0 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

      Leslie M. Pineyro, Esq.
      Jones & Walden LLC
      699 Piedmont Avenue, NE
      Atlanta, GA 30308
      Telephone: (404) 564-9300
      Email: lpineyro@joneswalden.com
             mgensburg@joneswalden.com

                         About Across Inc.

Across, Inc., provides software engineers to build out software
owned and used by its client.

The Debtor filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D.N.J. Case No. 24-10639) on May 13,
2024, listing up to $50,000 in assets and $100,001 to $500,000 in
liabilities.

Judge Paul Baisier oversees the case.

The Debtor tapped Leslie M. Pineyro, Esq., at Jones And Walden, LLC
as counsel and Britt Madden, Jr., at Madden Consulting and
Valuation as bookkeeper and professional for accounting and tax
preparation.


ACUTE HVACR: Seeks Subchapter V Bankruptcy in South Carolina
------------------------------------------------------------
On May 1, 2025, Acute HVACR LLC filed Chapter 11 protection in
the U.S. Bankruptcy Court for the District of South Carolina.
According to court filing, the Debtor reports between $1 million
and $10 million in debt owed to 1 and 49 creditors. The petition
states funds will be available to unsecured creditors.

           About Acute HVACR LLC

Acute HVACR LLC is a heating, ventilation, air conditioning, and
refrigeration contractor based in Summerville, South Carolina.

Acute HVACR LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.S.C. Case No. 25-01661) on
May 1, 2025. In its petition, the Debtor reports estimated assets
up to $50,000 and estimated liabilities between $1 million and $10
million.

Honorable Bankruptcy Judge Elisabetta Gm Gasparini handles the
case.

The Debtor is represented by Michael Conrady, Esq. at Campbell Law
Firm, PA.


ADVANCED TECHNICAL: S&P Affirms 'BB+' Rating on Refunding Bonds
---------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' long-term rating on the
Advanced Technology Academy (ATA), Mich.'s series 2019 public
school academy refunding bonds.

The positive outlook reflects S&P's view of improved financial
metrics, including solid full-accrual operating margins and
lease-adjusted maximum annual debt service (MADS) coverage,
improving days' cash on hand (DCOH), and a low debt burden, which
if maintained alongside demand stability over the next one-to-two
years, could translate to a credit profile reflective of a higher
rating.

S&P said, "We analyzed ATA's environmental, social, and governance
factors and consider them neutral in our credit rating analysis.
Although the service area is experiencing declining school-age
population trends, we believe this social risk is mitigated by
ATA's solid and stable enrollment base and recruiting efforts.

"The positive outlook reflects our expectation that over the next
one-to-two years, ATA will maintain balanced operations, supporting
its trends of improved coverage levels, as well as gradual
improvement in liquidity levels. Additionally, we expect it will
maintain its enterprise profile with similar enrollment levels,
along with stable management and charter standing. ATA has
articulated previous plans to expand its pre-K facilities, with
preliminary costs estimated at around $2 million. In our view, the
current debt burden is modest, and we believe there is some debt
capacity at the rating level, but we will continue to monitor the
effects of any additional debt issuance on the debt profile and
rating over the outlook period.

"We could revise the outlook to stable if enrollment deteriorates,
or if operations post deficits such that lease-adjusted MADS
coverage weakens materially, or liquidity does not continue
improving as expected. Additional material debt that weakens
current financial profile metrics, including lease-adjusted MADS
coverage, would likely result in a revision back to stable.

"We could consider a higher rating over the next one-to-two years
if the school were to continue increasing its DCOH, all while
maintaining enrollment, its debt burden, and lease-adjusted MADS
coverage at acceptable levels."



AKOUSTIS TECHNOLOGIES: Gets Extension to Access Cash Collateral
---------------------------------------------------------------
Akoustis Technologies, Inc. and its affiliates received another
extension from the U.S. Bankruptcy Court for the District of
Delaware to use cash collateral.

The fourth order authorized the companies to access cash collateral
until May 23, unless it is terminated earlier as a result of, among
other things, the dismissal of the companies' bankruptcy cases,
appointment of a trustee and confirmation of a Chapter 11 plan.

The new budget filed by the companies and approved by the court
extends coverage through the new termination date.

The bankruptcy court previously authorized the companies to use
cash collateral from April 26 to May 2 to allow for the completion
of the sale of substantially all of their assets.

A copy of the fourth order and the budget is available at
https://shorturl.at/B6Bji from PacerMonitor.com.

                    About Akoustis Technologies

Akoustis Technologies, Inc. -- http://www.akoustis.com/-- is a
high-tech BAW RF filter solutions company that is pioneering
next-generation materials science and MEMS wafer manufacturing to
address the market requirements for improved RF filters --
targeting higher bandwidth, higher operating frequencies and higher
output power compared to legacy polycrystalline BAW technology. The
Company utilizes its proprietary and patented XBAW(R) manufacturing
process to produce bulk acoustic wave RF filters for mobile and
other wireless markets, which facilitate signal acquisition and
accelerate band performance between the antenna and digital back
end. Superior performance is driven by the significant advances of
poly-crystal, single-crystal, and other high purity piezoelectric
materials and the resonator-filter process technology which enables
optimal trade-offs between critical power, frequency and bandwidth
performance specifications.

Akoustis owns and operates a 125,000 sq. ft. ISO-9001:2015
registered commercial wafer-manufacturing facility located in
Canandaigua, NY, which includes a class 100 / class 1000 cleanroom
facility -- tooled for 150-mm diameter wafers -- for the design,
development, fabrication and packaging of RF filters, MEMS and
other semiconductor devices. Akoustis is headquartered in the
Piedmont technology corridor near Charlotte, North Carolina.

Akoustis and three affiliates sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 24-12796) on Dec. 16, 2024. Akoustis
disclosed $53,371,000 in total assets against $122,586,000 in total
debt as of Sept. 30, 2024.

The Hon. Laurie Selber Silverstein is the case judge.

The Debtors tapped K&L Gates, LLP as bankruptcy counsel; Landis
Rath & Cobb, LLP as local counsel. Raymond James & Associates, Inc.
as investment banker; Getzler Henrich & Associates, LLC as
financial advisor; and C Street Advisory Group as strategic
communications advisor. Stretto is the claims agent and has
launched the page https://cases.stretto.com/Akoustis.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.


AMERICAN WARRIOR: Seeks to Sell Vehicles at Auction
---------------------------------------------------
American Warrior Construction Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Kansas, to sell Personal
Property at Auction, free and clear of liens, interests, and
encumbrances.

The Debtor Properties that are up for sale are:

2017 Amror Lite Belly Dump VIN 56EA53K26HA000237
2017 Amror Lite Belly Dump VIN 56EA53K26HA000247
2000 Caterpillar CS-563D Compactor 9MW00435
2017 4T HR322 Dump Trailer VIN 6EA53K26HA000237
2012 International 4400 Dump Truck VIN 3HAMSAAR2CL665984
2017 MANAC CPC E4234AB00 End Dump Truck
2014 Hitachi ZX25OLC-5N Excavator
2012 Bobcat E35 Excavator
2013 Caterpillar TL943C Forklift THH00731
2016 Case 721F Loader NGF236049
2012 John Deere 624K Loader
2010 Caterpillar 420E LoaderBackhoe
2013 Kaufman Lowboy Trailer VIN5VGFR3626DL001508
2005 John Deere 772D MotorGrader with Power Washer
2019 Landa PGDC5-3500 Buck Dandy Trailer
2017 PJ Rollster Rolloff trailer 4P5DR1422J1283897
2007 Peterbilt 379 Semi Truck XP5D49X17D671650
2010 Peterbilt 388 Semi Truck PWD49X5AD793276
2019 John Deere 333G Skidsteer 1T0333GMTKF347466
2019 John Deere 325G Skidsteer 1T0325GKPKJ348659
2009 PJ 28’ Tilt Deck VIN4P5T6222891134175
1997 Case 8940 Tractor AJB0095247
Kubota L3400 Tractor 82168
2018 GMC 3500HD Truck GT42VCY4JF252682
2020 DitchWitch HX30 Vac Trailer PHX30XTL0001137
1994 Kenworth T800 WaterTruck KDD69X1RS636229
2010 International LF 627 Prostar Semi VIN 2HSCUAPK1AC169929
2011 International LF 627 Prostar Semi VIN 1HSCUAPR6DJ361491
2018 PJ Gooseneck Trailer

The Debtor proposes bid procedures for the sale of the Property and
the Auction will be conducted on the day designated by the Debtor.


The lienholders of the Property include Dream First Bank (DFB) and
the Small Business Administration (SBA).

The Property is currently leased by Debtor to M&T Excavation, LLC.

The Property will be sold in its present "as is" condition with no
express or implied warranties.

The Debtor's counsel will collect the proceeds from sale and, from
said proceeds, pay
in the following order:

a. Legal fees of Debtor’s counsel related to the sale in the
amount of $3,000, plus Court filing fee of $199;
b. The balance owed to DFB on its claim;
c. The balance owed to SBA on its claim;
d. The balance of proceeds to be held and disbursed upon further
Order of the U.S. Bankruptcy Court.

The Debtor proposes to to sell the Property free and clear of the
liens and encumbrances.

         About American Warrior Construction Inc.

American Warrior Construction, Inc. is a construction company based
in 118 E Laurel Garden City, KS 67846.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.Kan. Case No.: 24-11168) on November 14,
2024. In the petition signed by by Amro M. Samy as president, the
Debtor disclosed estimated assets of $0 to $50,000 and estimated
liabilities of $1 million to $10 million.

Judge Mitchell L. Herren presides over the case.

Nicholas R. Grillot, Esq., at HINKLE LAW FIRM LLC, represents
thevDebtor as legal counsel.


AMERICAN WARRIOR: To Sell Garden City Property at Auction
---------------------------------------------------------
American Warrior Construction Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Kansas, to sell Real and
Personal Property at Auction, free and clear of liens, interests
and encumbrances.

The Debtor's Real Property is located at 775 Industrial Drive,
Garden City, Kansas 67846 and the Personal Property are comprised
of:

Chunked asphalt 1250 tons
Chunked concrete 4500 tons
Fill dirt 2500 tons
Top soil 300 tons
Trench box
Concrete pipe
SDR 35 12" pipe 400 linear feet
SDR 26 12" pipe 280 linear feet
C900 24" pipe 48 linear feet
C900 24" fittings
C900 8" pipe 200 linear feet
C900 8" caps 24
Miscellaneous handtools
Two generators

The Debtor proposes Bid Procedures for the sale of the Real
Property.

The United States Small Business Administration holds a first
priority perfected security interest in the Personal Property.

The Property will be sold in its present "as is" condition with no
express or implied warranties.

From the proceeds of the sale of the Real Property, Debtor will
pay, in descending order, the following:

a. All unpaid real estate taxes and assessments attributable to the
Real Property, including a prorata share of 2025 real estate
taxes;

b. Debtor's share of the closing expenses for title insurance,
recording fees and other related fees;

c. Legal fees of Debtor related to the sale in the amount of
$3,000, plus expenses and filing fee of $199;

d. The balance of proceeds to be held and disbursed upon further
Order of the U.S. Bankruptcy Court.

From the proceeds of the sale of the Personal Property, Debtor's
counsel shall collect and pay the following:

a. The balance owed to SBA on its claim;

b. The balance of proceeds to be held and disbursed upon further
Order of the U.S. Bankruptcy Court.

              About American Warrior Construction Inc.

American Warrior Construction, Inc. is a construction company based
in 118 E Laurel Garden City, KS 67846.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr.D.Kan. Case No.: 24-11168) on November 14,
2024. In the petition signed by Amro M. Samy as president, the
Debtor disclosed estimated assets of $0 to $50,000 and estimated
liabilities of $1 million to $10 million.

Judge Mitchell L. Herren presides over the case.

Nicholas R. Grillot, Esq., at HINKLE LAW FIRM LLC, represents the
Debtor as legal counsel.


AMERINVEST LLC: Court Extends Cash Collateral Access to May 13
--------------------------------------------------------------
Amerinvest, LLC received another extension from the U.S. Bankruptcy
Court for the Eastern District of Virginia to use cash collateral.

The third interim order approved a stipulation between the company
and APSEC Resolution, LLC, extending the company's authority to use
cash collateral until May 13.

APSEC asserts a security interest in the company's assets including
accounts and accounts receivable, which constitute the lender's
cash collateral.

The court's previous orders remain in full force and effect except
as modified by the terms of the third interim order.

The next hearing is set for May 13.

APSEC is represented by:

   John T. Farnum, Esq.
   Miles & Stockbridge P.C.
   1201 Pennsylvania Ave., Suite 900
   Washington, DC 20002
   Phone: 202.465.8385
   Fax: 202.465.8385
   jfarnum@milesstockbridge.com

                      About Amerinvest LLC

Amerinvest, LLC is a company in McLean, Va., engaged in renting and
leasing real estate properties.

Amerinvest filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 24-12069) on Nov.
5, 2024, listing $1 million to $10 million in both assets and
liabilities. The petition was signed by Daria Karimian as managing
member.

Judge Klinette H. Kindred oversees the case.

The Debtor is represented by:

    David C. Jones, Jr.
    David C. Jones, Jr., P.C.
    Tel: 703-273-7350
    Email: davidcjonesjr@gmail.com


AMERITRANS EXPRESS: Amends Unsecured Claims Pay Details
-------------------------------------------------------
Ameritrans Express, LLC submitted a Third Amended Disclosure
Statement describing Second Amended Plan of Reorganization dated
April 1, 2025.

The Plan of Reorganization proposes to pay unsecured creditors from
funds received through its litigation with the USPS, its Paychex
claim and its employee retention credit.

Currently, Ameritrans' case against the USPS is pending before the
Postal Service Board of Contract Appeals, Case No. 7038. Aside from
the USPS claims, Employee Retention Credit and Paychex claim, the
Debtor's assets are largely of inconsequential value as it has been
difficult to sell the Debtor's vehicles and its office equipment
and furnishings do not have any significant liquidation value.

The Debtor has employed counsel to prosecute the USPS claim and
Paychex claim. Debtor understands that significant capital is
needed to properly prosecute its USPS claim and get the case to
trial as well to prosecute its Paychex claim. Debtor was previously
relying on funding of $250,000.00 from a litigation funding
arrangement with Legalist to provide funds necessary to obtain
confirmation of its bankruptcy plan and litigate the USPS claim.

However, Debtor and Legalist were unable to finalize terms on this
arrangement. Instead, Debtor's principal, Frederick Amankwaa will
contribute the funds necessary to litigate the case in the amount
of $250,000.00. Mr. Amankwaa has contacted his family in Ghana to
obtain this money. Mr. Amankwaa's family has money and property in
Ghana and has said they will provide the necessary funds for
attorney's fees.

The Debtor proposes to fund its Plan of Reorganization by
contributing the proceeds from its claims against the USPS, Paychex
and Employee Retention Credit into the Plan. It is projected that
this amount will be sufficient to make the proposed payments
contained in this Plan of Reorganization.

Class 4 of the Plan consists of all allowed non-priority unsecured
claims. Any funds paid by the Department of Labor with respect to
any claimant shall be credited toward such claimant's Allowed Claim
in this case. Credit for payments with respect to any claimant from
the Department of Labor shall be credited first toward any priority
claim of the claimant and next toward any non priority portion of
the claim. Such Allowed Claim shall be reduced by any amount paid
by WHD and the remaining amount shall be paid just as any other
Allowed Claim in this class.

Class 4 claims shall be paid from proceeds stemming from the USPS
claim, any employee retention credit obtained by the Debtor and any
proceeds of the Paychex claim that are remaining after payment in
full of Class 1 Administrative Claims, Class 2 Priority Claims and
Class 3 Secured Claims. Class 4 claims shall receive payment at the
time such proceeds are received from the USPS, IRS or Paychex
provided Class 1, Class 2 and Class 3 claims are paid in full at
that time. Payment of Class 4 claims as described herein shall
occur on or before September 30, 2026. This class of claims is
impaired.

The Debtor's Plan depends upon the success of its claim against the
USPS in its pending litigation before the United States Postal
Service Board of Contract Appeals.

Pending litigation includes the USPS claim before the United States
Postal Service Board of Contract Appeals. In addition, Debtor's
claim against Paychex is currently in arbitration. Further, the
Plan contemplates that the Plan Administrator may commence any
causes of action as necessary to liquidate any assets of the
Debtor.

A full-text copy of the Third Amended Disclosure Statement dated
April 1, 2025 is available at https://urlcurt.com/u?l=QPxUJV from
PacerMonitor.com at no charge.

Ameritrans Express LLC is represented by:

          VIVONA PANDURANGI, PLC
          Jonathan B. Vivona, Esq.
          601 King Street, Suite 400
          Alexandria, VA 22314
          Tel: (703) 739-1353
          Email: jvivona@vpbklaw.com

                     About Ameritrans Express

Ameritrans Express LLC sought relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Va. Case No. 23-11055) on June 29,
2023. In the petition filed by Frederick Amankwaa, as owner, the
Debtor estimated assets between $10 million and $50 million and
liabilities between $1 million and $10 million.

Judge Brian F. Kenney oversees the case.

The Debtor is represented by Jonathan B. Vivona, Esq. at VIVONA
PANDURANGI, PLC.


APPLICO LLC: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
Applico, LLC got the green light from the U.S. Bankruptcy Court for
the Northern District of Alabama, Western Division, to use its
secured creditors' cash collateral.

The order penned by Judge Jennifer Henderson authorized the
Debtor's interim use of cash collateral in accordance with its
budget, which shows total expenses of $36,200.

This cash collateral includes cash, deposit accounts, accounts
receivable and the proceeds thereof.

Secured creditors will be provided with protection in the form of a
replacement lien on the post-petition accounts receivables in case
the value of their lien is decreased by the Debtor's use of their
cash collateral.

The terms of the interim order will remain in full force and effect
unless modified or
vacated by subsequent order of the court.

The final hearing is set for May 22.

                         About Applico LLC

Applico, LLC is a business that sells and installs appliances,
grills, lighting, and fixtures, and provides related repair
services in Tuscaloosa, Ala.

Applico filed Chapter 11 petition (Bank. N.D. Ala. Case No.
25-70561) on April 23, 2025, listing up to $500,000 in assets and
up to $10 million in liabilities. Chris Didyoung, member, signed
the petition.

Judge Jennifer H. Henderson oversees the case.

Anthony Brian Bush, Esq., at The Bush Law Firm, LLC, represents the
Debtor as bankruptcy counsel.


ARCHDIOCESE OF BALTIMORE: Court Permits Md. Abuse Survivors to Sue
------------------------------------------------------------------
Scott Maucione of WYPR News reports that a federal judge has ruled
that victims of sexual abuse linked to the Archdiocese of Baltimore
can move forward with individual lawsuits, even though the church
is currently in bankruptcy proceedings. For over a year and a half,
victims were barred from suing directly and instead had to navigate
the bankruptcy process -- filing claims and awaiting mediated
settlements. That changed when U.S. Bankruptcy Judge Michelle
Harner lifted the automatic stay, citing recent amendments to
Maryland's Child Victims Act that added complexity to the case.

Under the original law, victims could sue at any time and seek up
to $1.5 million in damages from private institutions. If the
bankruptcy process breaks down, these lawsuits could proceed in
court under those original terms. While such a breakdown is
uncommon, it is not without precedent. "Courts have taken this step
before when bankrupt organizations or their insurers fail to engage
in good faith," said Phil Federico, a partner at Brockstedt
Mandalas Federico, which represents several victims, according to
WYPR News.

In April 2025, the Maryland General Assembly amended the Child
Victims Act, reducing the maximum payouts—from $890,000 to
$400,000 for public institutions and from $1.5 million to $700,000
for private ones. The amendment also limits attorney fees to 20%
for settlements and 25% for trial cases. However, the new caps do
not apply to lawsuits filed before June 1, 2025. Judge Harner's
decision allows victims to file their cases ahead of that deadline,
preserving their right to pursue the higher compensation amounts if
the bankruptcy settlement fails, the report states.

"She ruled that lawsuits against the Archdiocese can be filed now,
but they won't proceed unless the bankruptcy collapses," said
Robert Jenner, managing partner at Jenner Law. He described the
rush to file claims before the cutoff as a significant challenge
for legal teams handling cases beyond the church.

"The work is enormous, but attorneys are stepping up because they
must," Jenner added.

The Archdiocese of Baltimore did not respond to a request for
comment.

               About the Archdiocese of Baltimore

The Archdiocese of Baltimore operates as a non-profit religious
organization.  The organization provides catholic charities,
chancery, pastoral council, policies, presbyteral council, and
child and youth protection.

The Archdiocese of Baltimore sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Md. Case No. 23-16969) on Sept. 29,
2023. In the petition filed by Archbishop William E. Lori, the
Debtor estimated assets between $100 million and $500 million and
liabilities between $500 million and $1 billion.

The Debtor is represented by Catherine Keller Hopkin, Esq. at YVS
Law, LLC.


ASCEND PERFORMANCE: Gibson Dunn & Howley Represent Ad Hoc Group
---------------------------------------------------------------
In the Chapter 11 cases of Ascend Performance Materials Holdings
Inc. and affiliates, the Ad Hoc Group filed an amended verified
statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure.

On or around September 2024, the Ad Hoc Group was formed and
retained attorneys currently affiliated with Gibson, Dunn &
Crutcher LLP to represent it as counsel in connection with a
potential restructuring of the outstanding debt obligations of the
Debtors.

Subsequently, in March 2025, Gibson Dunn contacted Howley Law PLLC
to serve as Texas co-counsel to the Ad Hoc Group.

Gibson Dunn and Howley do not represent or purport to represent any
other entities in connection with the Debtors' chapter 11 cases.
Gibson Dunn and Howley do not represent the Ad Hoc Group as a
"committee" (as such term is used in the Bankruptcy Code and
Bankruptcy Rules) and do not undertake to represent the interests
of, and are not fiduciaries for, any creditor, party in interest,
or other entity that has not signed a retention agreement with
Gibson Dunn.

In addition, the Ad Hoc Group does not represent or purport to
represent any other entities in connection with the Debtors'
chapter 11 cases. Each member of the Ad Hoc Group does not
represent the interests of, nor act as a fiduciary for, any person
or entity other than itself in connection with the Debtors' chapter
11 cases.

The Ad Hoc Group Members' address and the nature and amount of
disclosable economic interests held in relation to the Debtors
are:

1. Apex Credit Partners, LLC
   520 Madison Ave, 12th Floor
   New York, NY 10022
   * Super Priority First Lien Term Loans ($1,196,924.21)
   * First Lien Term Loans ($10,089,233.28)

2. ArrowMark Colorado Holdings LLC, on behalf of certain funds and
accounts it manages or advises
   100 Fillmore Street, Suite 325
   Denver, Colorado 80206
   * Super Priority First Lien Term Loans ($108,675.18)
   * First Lien Term Loans ($2,748,167.05)

3. Bank of America N.A., solely with respect to its US Distressed &
Special Situations Group
   NC1-028-19-06, 150 N College St
   Charlotte, NC 28255
   * Super Priority First Lien Term Loans ($160,794.40)
   * First Lien Term Loans ($384,882.55)

4. Blue Owl Liquid Credit Advisors LLC
   1 Greenwich Plaza, Suite C, 2nd Floor
   Greenwich, CT 06830
   * Super Priority First Lien Term Loans ($371,339.90)
   * First Lien Term Loans ($3,130,135.34)

5. Elmwood Asset Management LLC
   575 5th Avenue, 34th Floor
   New York, NY 10017
   * Super Priority First Lien Term Loans ($4,143,789.00)
   * First Lien Term Loans ($32,365,029.00)

6. Invesco Senior Secured Management, Inc., on behalf of certain
funds and accounts it manages or advises
   225 Liberty Street
   New York, NY 10281
   * Super Priority First Lien Term Loans ($21,433,670.13)
   * First Lien Term Loans ($125,432,865.26)

7. MJX Asset Management LLC
   12 East 49th Street, 38th Floor
   New York, New York
   * Super Priority First Lien Term Loans ($9,327,799.41)
   * First Lien Term Loans ($61,668,548.66)

8. Nuveen Asset Management, LLC
   8625 Andrew Carnegie Blvd.
   Charlotte, NC 28262
   * Super Priority First Lien Term Loans ($12,007,657.26)
   * First Lien Term Loans ($87,418,992.34)

9. ORIX Advisors, LLC (d/b/a SIGNAL PEAK CAPITAL MANAGEMENT)
   2001 Ross Avenue, Suite 1900
   Dallas, TX 75201
   * Super Priority First Lien Term Loans ($308,683.77)
   * First Lien Term Loans ($7,805,963.80)

10. Saranac CLO VIII Limited
   1540 Broadway, Suite 1630
   New York, NY 10036
   * First Lien Term Loans ($1,994,805.19)

11. Silver Point Capital, L.P., as Investment Manager on behalf of
certain affiliated Funds
   2 Greenwich Plaza, Suite 1
   Greenwich CT, 06830
   * Super Priority First Lien Term Loans ($52,192,800.53)
   * First Lien Term Loans ($450,673,412.02)

12. Sound Point Capital Management, LP
   375 Park Ave, 33rd Floor
   New York, NY 10152
   * Super Priority First Lien Term Loans ($8,385,454.31)
   * First Lien Term Loans ($62,133,524.59)

13. Strategic Value Capital Solutions II MF LP
   100 West Putnam Avenue
   Greenwich, CT 06830
   * First Lien Term Loans ($1,094,512.00)

14. Strategic Value Excelsior Fund, L.P. (Series VI)
   100 West Putnam Avenue
   Greenwich, CT 06830
   * First Lien Term Loans ($42,266.00)

15. Strategic Value Special Situations Master Fund V, LP
   100 West Putnam Avenue
   Greenwich, CT 06830
   * First Lien Term Loans ($5,366,626.00)

16. Strategic Value Special Situations VI MF, L.P.
   100 West Putnam Avenue
   Greenwich, CT 06830
   * First Lien Term Loans ($914,920.00)

17. Certain funds and/or accounts, or subsidiaries of such funds
and/or accounts, managed, advised,
   controlled, or represented by Sycamore Tree Capital Partners,
LP
   2101 Cedar Springs Road, Suite 1250
   Dallas, TX 75201
   * Super Priority First Lien Term Loans ($88,744.25)
   * First Lien Term Loans ($748,051.95)

18. UBS Asset Management
   11 Madison Avenue
   New York, NY 10010
   * Super Priority First Lien Term Loans ($18,138,429.42)
   * First Lien Term Loans ($141,361,571.78)

19. Voya Investment Management LLC
   7337 E. Doubletree Ranch Road
   Scottsdale, Arizona 85258
   * Super Priority First Lien Term Loans ($1,670,364.00)
   * First Lien Term Loans ($14,080,006.00)

20. Western Alliance Bank
   One East Washington St, Suite 1400
   One East Washington St, Suite 1400
   * Super Priority First Lien Term Loans ($381,969.31)
   * First Lien Term Loans ($9,659,201.58)

Attorneys for the Ad Hoc Group of Term Lenders:

     Tom A. Howley Esq.
     Eric Terry, Esq.
     HOWLEY LAW PLLC
     700 Louisiana Street, Suite 4545
     Houston, TX 77002
     Telephone: 713-333-9125
     Email: tom@howley-law.com
            eric@howley-law.com

     Scott J. Greenberg, Esq.
     Jason Zachary Goldstein, Esq.
     Tommy Scheffer, Esq.
     GIBSON, DUNN & CRUTCHER LLP
     200 Park Avenue
     New York, New York 10166
     Telephone: 212-351-4000
     Email: sgreenberg@gibsondunn.com
            jgoldstein@gibsondunn.com
            tscheffer@gibsondunn.com

     -and-

     AnnElyse Scarlett Gains, Esq.
     GIBSON, DUNN & CRUTCHER
     1700 M Street N.W.
     Washington, D.C. 20036-3504
     Telephone: 202-955-8500
     Email: agains@gibsondunn.com

                About Ascend Performance Materials

Ascend Performance Materials Holdings Inc., together with their
non-Debtor affiliates, are one of the largest, fully-integrated
producers of nylon, a plastic that is used in everyday essentials,
like apparel, carpets, and tires, as well as new technologies, like
electric vehicles and solar energy systems. Ascend's business
primarily revolves around the production and sale of nylon 6,6
(PA66), along with the chemical intermediates and downstream
products derived from it.  Common applications of PA66 include
heating and cooling systems, air bags, batteries, and athletic
apparel.  Headquartered in Houston, Texas, Ascend has a global
workforce of approximately 2,200 employees and operates eleven
manufacturing facilities that span the United States, Mexico,
Europe, and Asia.

The Debtors filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90127) on April 21,
2025, with $1 billion to $10 billion in assets and liabilities.
Robert Del Genio, chief restructuring officer, signed the
petitions.

Judge Christopher M. Lopez presides over the case.

The Debtors tapped Bracewell LLP as co-bankruptcy counsel; KIRKLAND
& ELLIS LLP and KIRKLAND & ELLIS INTERNATIONAL LLP as restructuring
counsel; PJT Partners, Inc. as investment banker; and FTI
Consulting, Inc. as restructuring advisor.


ASSOCIATED MUTUAL: A.M. Best Affirms B(Fair) FS Rating
------------------------------------------------------
AM Best has affirmed the Financial Strength Rating of B (Fair) and
the Long-Term Issuer Credit Rating of "bb+" (Fair) of Associated
Mutual Insurance Cooperative (Associated Mutual) (Woodridge, NY).
The outlook of these Credit Ratings (rating) is stable.
Concurrently, AM Best has withdrawn these Credit Ratings (ratings)
as the company has requested to no longer participate in AM Best's
interactive rating process.

The ratings reflect Associated Mutual's balance sheet strength,
which AM Best assesses as adequate, as well as its marginal
operating performance, limited business profile and marginal
enterprise risk management (ERM).

The stable outlooks reflect Associated Mutual's risk-adjusted
capitalization, which is expected to remain at the adequate level
over the near term, as measured by Best's Capital Adequacy Ratio
(BCAR), as the company continues to focus on improving its loss
reserve development patterns and refining its risk management
capabilities to drive stabilization in key balance sheet strength
and operating performance metrics. While operating results were
still volatile through year-end 2024, there was improvement from
the previous year and policyholders' surplus grew by 4.7%. At the
same time, the company's high dependence on reinsurance and
inadequate level of reinsurance protection above its 1 in 100-year
modeled event continues to pose a substantial risk, particularly
considering the geographic concentration of business predominantly
in downstate New York, including New York City, Long Island and
Westchester County. Management is making concerted efforts to shift
its risk exposures more toward the upstate region of New York state
to reduce this risk, though the effectiveness of these efforts
remains uncertain as reflected by the marginal ERM assessment.


AT HOME GROUP: Moody's Cuts CFR to Ca & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Ratings downgraded At Home Group Inc.'s ("At Home")
corporate family rating to Ca from Caa3 and its probability of
default rating to Ca-PD from Caa3-PD. At the same time, Moody's
downgraded the company's senior secured first lien term loan B and
senior secured global notes ratings to C from Ca and affirmed its
senior unsecured global notes rating at C. Additionally, Moody's
downgraded At Home Cayman's backed senior secured global notes to C
from Ca. The outlook was changed to negative from stable.

The downgrades reflect the deterioration in the estimated recovery
value as At Home's operating income remains severely depressed from
historic levels.  At Home also faces increased costs from tariffs,
particularly on China, which is its largest country of origin for
its products. Moody's views the company's capital structure as
unsustainable and liquidity is weak with free cash flow remaining
negative and its ABL maturing in July 2026. Discretionary spending
on home products continues to be depressed as consumers will need
to contend with higher prices as tariffs on China and the 10%
reciprocal tariffs on other countries have been implemented.

RATINGS RATIONALE

At Home's Ca CFR is constrained by its unsustainably high
lease-adjusted leverage with debt/EBITDA of 12.8x for the LTM
period ending October 26, 2024 and very weak interest coverage with
EBITA/interest well below 1.0x. The rating is also constrained by
At Home's private equity ownership, modest scale, and operations in
the discretionary, cyclical and highly competitive home decor
segment. Demand for the home decor segment has been highly volatile
and higher costs from tariffs are expected to contribute to a
significant earnings deterioration. Liquidity remains weak as the
company has funded free cash flow deficits with availability under
its asset based revolving credit facility which matures July 23,
2026. The rating is supported by At Home's differentiated home
decor selection and value proposition.

The negative outlook reflects At Home's weak liquidity given its
free cash flow deficits and that its nearest debt maturity is its
ABL facility which will go current in July 2025.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

An upgrade would require a reduction in the likelihood of default
and sustained improvement in operating performance and liquidity
such that it would allow the company improve funded debt/EBITDA and
interest coverage to a more sustainable level and improve the
estimated debt instrument recoveries.

The ratings could be downgraded should At Home fails to make its
schedule interest or principal payments, restructure, or file for
bankruptcy.

At Home Group Inc. operated 263 large format home decor and home
improvement retail stores across 40 states and generated about $1.8
billion of revenue for the last twelve months ended October 26,
2024. The company is owned by Hellman & Friedman LLC.

The principal methodology used in these ratings was Retail and
Apparel published in November 2023.


BARBARA FALATICO-BRODOCK: CBB, et al. Lose Bid to Dismiss Lawsuit
-----------------------------------------------------------------
The Honorable Robert E. Littlefield, Jr. of the United States
Bankruptcy Court for the Northern District of New York granted in
part and denied in part the defendants' motion to dismiss the
adversary proceeding captioned as Barbara Falatico-Brodock,
Plaintiff, -v-  Craig S. Brodock, CBB Realty, LLC & Rebecca Hudon,
Defendants, Adv. Pro. No. 24-80011 (Bankr. N.D.N.Y.).

Craig S. Brodock CBB Realty, LLC and Rebecca Hudon filed a motion
to dismiss the AP or to abstain from hearing same. Barbara
Falatico-Brodock opposes the MTD. Instead, she seeks summary
judgment on her behalf.

On June 24, 2024 the Plaintiff initiated the AP. The causes of
action brought are: Breach of Contract, Promissory Estoppel, Fraud
and Conspiracy to Defraud, Tortious Interference with Contract,
Accounting (for rents collected and expenses paid) and Recovery of
Property of the Estate. The Plaintiff and Defendant Brodock entered
into a Marital Settlement Agreement to resolve a divorce
proceeding. The Plaintiff contends Defendant Brodock has breached
the MSA in every possible way.

The Debtor argues the resolution of the AP will provide the funding
for her proposed plan and therefore this Court is the proper place
for all matters to be decided. Regarding the MSJ, the Debtor
contends there is no material issue of fact in dispute as to
Defendant Brodock's breach of the MSA and summary judgment should
be granted in her favor.

The Defendants counter it is the Plaintiff who breached the MSA.
They point out the Debtor's bankruptcy filing stayed a state court
proceeding where the judge was set to rule on issues that are
substantially similar to those in the AP. The Defendants argue the
state court is the proper venue to review the MSA and the violation
or lack thereof.

The Defendants advance several arguments for dismissal of the AP:
mandatory abstention, permissive abstention or outright dismissal
of the AP for failure to state a claim.

This Court has core jurisdiction over turnover of property of the
estate and therefore mandatory abstention is not applicable.

Based upon the facts of this case, the Court determines mandatory
abstention is not applicable. However, permissive abstention is
appropriate. Thus, it need not address dismissal of the AP for
failure to state a claim. The Court grants in part and denies in
part the MTD. It grants the request to permissively abstain from
determining the AP. It denies the Defendants requests for mandatory
abstention and dismissal of the AP for failure to state a claim.
Since the Court is abstaining from hearing the matter, the MSJ is
deemed moot.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=UA0Mzi

Attorneys for Plaintiff:

Sari Blair Placona, Esq.
Anthony Sodono, III, Esq.
McManimon Scotland & Baumann, LLC
75 Livingston Avenue, Suite 201
Roseland, NJ 07068
Phone: (973) 622-1800
E-mail: splacona@msbnj.com
        asodono@msbnj.com

Attorney for Defendants:

Andrew Scott Rivera, Esq.
Bond, Schoeneck & King, PLLC
One Lincoln Center
Syracuse, NY 13202
Phone: (315) 218-8351
E-mail: arivera@bsk.com

Barbara Falatico-Brodock filed for Chapter 11 bankruptcy protection
(Bankr. N.D.N.Y. Case No. 24-60308) on April 21, 2024, listing
under $1 million in both assets and liabilities. The Debtor is
represented by Sari Placona, Esq.  


BEACH HOUSE: Unsecureds to Get Share of Income for 5 Years
----------------------------------------------------------
Beach House LLC filed with the U.S. Bankruptcy Court for the
District of Maine a Disclosure Statement with respect to Plan of
Reorganization dated April 1, 2025.

The Debtor was formed in July of 2021 to purchase the Sea Latch
Inn, a 78-room hotel located on the Real Property and across the
street from Long Sands Beach in York, Maine.

More specifically, the approximately two-acre property has sixteen
structures on it housing various rooms and suites: a three-story
"Manor Building" a two-story North Building, the one story South
Building, and thirteen one-bedroom cabins. The Debtor operates a
seasonal business, generally opening for guests in April and
closing in the late fall, generally late November.

Pursuant to the Plan, the Debtor proposes to effectuate a
reorganization and to complete a balance sheet restructuring that
will aid in the Debtor's viability. On the Effective Date, except
as otherwise set forth in the Plan, the Estate's interest in all
Assets shall vest in the Debtor free and clear of any and all
Claims, Interests, or defenses (including recoupment) with respect
to any Claims, whether known or unknown, asserted or unasserted, or
contingent or fixed.

As of the Effective Date, the Debtor will own the Real Property.
Pursuant to an appraisal commissioned by First Boston in November
of 2024 and as reflected in the Debtor's amended schedules, the
Real Property has a fair market value of $8,300,000. Should the
Real Property be liquidated, i.e., sold at foreclosure, the Debtor
anticipates that said liquidation would realize an amount, after
auction fees, etc., equal to 70% of the fair market value, or
$5,810,000.

Class 8 consists of General Unsecured Claims that are not
Unclassified Claims or provided for under any other Class contained
in the Plan, and Class 8 Claims shall include any deficiency Claim
arising from operation of Section 506 of the Bankruptcy Code. For
avoidance of doubt, Class 8 Claims shall include, but not be
limited to, any and all Allowed General Unsecured Claims of: (a)
First Boston, (b) Clean Laundry Funding, (c) Ascentium; (d) York
Water District and all claims of (i) Airwave Mechanical, Inc. (ii)
Warren Mechanical, Inc. (iii) USAM I Fund, LLC; (v) Gammon LLC, and
(vi) those set forth in the Schedules or Filed in a timely proof of
Claim as General Unsecured Claims.

In full and final satisfaction, settlement, release, and discharge
of any General Unsecured Claim, each Holder of an Allowed General
Unsecured Claim shall receive five annual Cash Distributions of its
pro rata share of an amount equal to the Debtor's annual net
operating income minus payments of the financial obligations set
forth above in the treatments of Classes 1 to 7 minus an operating
reserve equal to 10% of annual net operating income ("Excess NOI").
Excess NOI shall be calculated after the end of each calendar year
and pro rata payments shall be made annually on or about April 15th
of the next year.

The first pro rata payment of Excess NOI-for calendar year 2025
shall be calculated after December 31, 2025, and made on or before
April 15, 2026. To the extent that Excess NOI is unavailable under
this formula for a given year, the Trust and/or Perkins will
guarantee a minimum NOI payment of $25,000 per year. Per the Cash
Flow Projection, the Debtor estimates that the total amount of
Excess NOI to be distributed to holders of Allowed General
Unsecured Claims over the five-year term is $1,307,680.38.

Class 9 consists of any and all equity interests in the Debtor.
Ninety percent of the equity interests of the Debtor are held by
the Trust, and ten percent of the equity interest of the Debtor are
held by Jack H. Lieberman ("Lieberman" and together with the Trust,
the "Owners"). The Owners shall continue as the only Interest
Holders of the Debtor after the Confirmation Date. No equity
distributions shall be made to the Owners premised on their
Interests in the Debtor until such time as all other Claims have
been satisfied under the Plan, absent agreement between the Owner
and any Claimant otherwise entitled to the Distribution.

The Plan requires the Debtor to make certain payments to Holders of
Allowed Claims. These payments will be generated from one or more
of the following sources:  

     * Revenue from Business Operations: As evidenced by the Cash
Flow Projections, the Debtor expects to generate significant
revenue from operations on a going forward basis. That revenue will
be the primary source of funding for the Debtor's Plan obligations
until the Class 3 Balloon Payment comes due.

     * Financing From Affiliated Entities. If necessary, Perkins,
the Trust, and/or affiliated persons or entities may contribute
equity or debt to assist the Debtor in meeting its Plan
obligations. If any cash is contributed as a loan or debt, any
repayment obligations as to the same shall be expressly
subordinated to the Plan obligations set forth herein.

     * Third-Party Financing. The Debtor anticipated borrowing from
a third-party lender or lenders to make the Class 3 Note Balloon
Payment when it comes due.

     * Recoveries from Causes of Action. The Debtor may pursue
various Causes of Action, if the Debtor believes that it will
likely recover certain amounts from these Causes of Action. The
proceeds from the recoveries on any Causes of Action the Debtor
chooses to pursue are not expected to be material.

A full-text copy of the Disclosure Statement dated April 1, 2025 is
available at https://urlcurt.com/u?l=tbt6XX from PacerMonitor.com
at no charge.

       About Beach House LLC

Beach House LLC is part of the traveler accommodation industry.

Beach House LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Maine Case No. 24-20211) on October 17,
2024. In the petition filed by Taylor Perkins, as manager, the
Debtor reports estimated assets between $10 million and $50 milion
and estimated liabilities between $1 million and $10 million.

Bankruptcy Judge Michael A. Fagone handles the case.

The Debtor is represented by:

     David C. Johnson, Esq.
     MARCUS CLEGG
     16 Middle Street Unit 501A
     Portland, ME 04101
     Tel: (207) 828-8000
     Email: bankruptcy@marcusclegg.com


BED BATH: Cohen, et al.'s Motion to Dismiss Lawsuit Granted in Part
-------------------------------------------------------------------
Judge Naomi Reice Buchwald of the United States District Court for
the Southern District New York granted in part and denied in part
the defendants' motion to dismiss the case captioned as
20230930-DK-BUTTERFLY-1, INC., f/k/a BED BATH & BEYOND INC.,
Plaintiff, - against – RYAN COHEN and RC VENTURES LLC,
Defendants, Case No. 24-cv-05874-NRB (S.D.N.Y.).

Plaintiff is 20230930-DK-Butterfly-1, Inc. ("New BBBY" or
"plaintiff"), a corporation previously known as Bed Bath & Beyond,
Inc. Defendant Ryan Cohen is an investor who purchased
and sold Bed Bath & Beyond, Inc. ("BBBY") equity securities during
the period of time relevant to this action through co-defendant RC
Ventures LLC, a limited liability company of which he was the sole
manager.

Plaintiff contends that, between March and August 2022, the Cohen
defendants realized a short-swing profit totaling at least
$47,173,867.96 from transactions involving BBBY common stock, in
violation of Section 16(b) of the Securities Exchange Act of 1934.
Plaintiff now seeks recovery of this profit under two independent
theories of liability, contending that the Cohen directors
qualified as statutory insiders due to:

   (i) their beneficial ownership of more than 10% of BBBY's
outstanding shares during the six-month period in question, and
  (ii) the presence of the March appointees on the BBBY board,
which resulted in the Cohen defendants serving as "directors by
deputization" during the same period.

The Cohen defendants seek dismissal of plaintiff's Section 16(b)
claims in full, contending that the Cohen defendants were neither
beneficial owners nor directors by deputization at the time of the
relevant transactions.

The Court finds based on BBBY's SEC filings and plaintiff's
allegations, there appears to have been ample publicly available
information that would have indicated to the Cohen defendants that
they had crossed the ten percent ownership threshold in March 2022.


Accordingly, the Court declines to grant the Cohen defendants'
motion to dismiss plaintiff's Section 16(b) claim under a
beneficial ownership theory of liability at this stage of the
litigation.

Because plaintiff fails to point to any purchases that occurred
after the March appointees joined the BBBY board on March 24, 2022,
the Cohen defendants could not have qualified as directors by
deputization at the time of the relevant purchases under Rule
16a-2(a), and any resulting profits from the matched transactions
are not subject to recapture under Section 16(b) under this theory
of liability, the Court concludes.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=mdS8lN from PacerMonitor.com.

                   About Bed Bath & Beyond

Bed Bath & Beyond Inc., together with its subsidiaries, is an
omnichannel retailer selling a wide assortment of merchandise in
the Home, Baby, Beauty & Wellness markets and operates under the
names Bed Bath & Beyond, buybuy BABY, and Harmon, Harmon Face
Values. The Company also operates Decorist, an online interior
design platform that provides personalized home design services.

At its peak, Bed Bath & Beyond operated the largest home furnishing
retailer in the United States with over 970 stores across all 50
states, consistently at the forefront of major home and bath
trends. Operating stores spanning the United States, Canada,
Mexico, and Puerto Rico, Bed Bath & Beyond offers everything from
bed linens to cookware to electric appliances, home organization,
baby care, and more.

Bed Bath & Beyond closed over 430 locations across the United
States and Canada before filing Chapter 11 cases, implementing
full-scale wind-downs of their Canadian business and the Harmon
branded stores.

Left with 360 Bed Bath & Beyond, and 120 buybuy BABY stores, Bed
Bath & Beyond Inc. and 73 affiliated debtors on April 23, 2023,
each filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code to pursue a wind-down of operations.
The cases are pending before the Honorable Vincent F. Papalia and
requested joint administration of the cases under Bankr. D.N.J.
Lead Case No. 23-13359.

Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal
counsel, Lazard Frares & Co. LLC is serving as investment banker,
and AlixPartners LLP is serving as financial advisor. Bed Bath &
Beyond Inc. has retained Hilco Merchant Resources LLC to assist
with inventory sales. Kroll LLC is the claims agent.


BISTRO AT CHERRY: Seeks Chapter 11 Bankruptcy in New Jersey
-----------------------------------------------------------
On May 1, 2025, Bistro at Cherry Hill filed Chapter 11 protection
in the U.S. Bankruptcy Court for the District of New Jersey.
According to court filing, the Debtor reports between $100,000
and $500,000 in debt owed to 1 and 49 creditors. The petition
states funds will be available to unsecured creditors.

           About Bistro at Cherry Hill

Bistro at Cherry Hill is a restaurant business located in Cherry
Hill, New Jersey.

Bistro at Cherry Hill sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 25-14608) on May 1, 2025.
In its petition, the Debtor reports estimated assets and
liabilities between $100,000 and $500,000.

Honorable Bankruptcy Judge Jerrold N Poslusny Jr. handles the
case.

The Debtor is represented by Mark S. Cherry, Esq.


BRIGHTMARK PLASTICS: Opposes Bond Trustee's Ch. 11 Dismissal Bid
----------------------------------------------------------------
Angeelica Serrano-Roman of Bloomberg Law reports that Brightmark
Plastics Renewal LLC has opposed UMB Bank's motion to dismiss its
Chapter 11 case, asserting that filing for bankruptcy was critical
to its continued operation.

In an objection submitted on May 2, 2025 in the U.S. Bankruptcy
Court for the District of Delaware, the Indiana-based recycling
company denied acting in bad faith, refuting allegations that it
filed to impede the rights of the bond trustee and collateral
agent. Brightmark argued that absent bankruptcy protection,
foreclosure on the bond collateral would have jeopardized its
intellectual property license and threatened employee jobs.

              About Brightmark Plastics Renewal

Brightmark Plastics Renewal LLC utilize proprietary processes and
licensed technology to convert hard-to-recycle plastic waste into
valuable chemical feedstocks that can be used to make new plastics.
This innovative approach helps reduce plastic waste by repurposing
hydrocarbons that would otherwise end up in landfills, contributing
to a more sustainable environment.

Brightmark Plastics Renewal and its affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case
No. 25-10472) on March 16, 2025. In the petitions signed by Craig
R. Jalbert, chief restructuring officer, Brightmark Plastics
Renewal disclosed up to $500 million in both assets and
liabilities.

Judge Laurie Selber Silverstein oversees the case.

The Debtors tapped Potter Anderson & Corroon, LLP as bankruptcy
counsel, SSG Capital Advisors, LLC as investment banker, and
Verdolino & Lowey, PC as restructuring advisor. Omni Agent
Solutions, Inc. is the claims, noticing and solicitation agent.



BROADSTREET PARTNERS: Moody's Affirms 'B3' CFR, Outlook Stable
--------------------------------------------------------------
Moody's Ratings has affirmed the B3 corporate family rating and
B3-PD probability of default rating of BroadStreet Partners, Inc.
(BroadStreet), a property/casualty and employee benefits insurance
broker with operations across the US and Canada. Moody's also
affirmed the B2 rating on BroadStreet's $3.6 billion first-lien
senior secured term loan and its $650 million first-lien senior
secured revolving credit facility, along with the Caa2 rating on
its senior unsecured notes. The rating outlook for BroadStreet is
stable.

RATINGS RATIONALE

The affirmation of BroadStreet's ratings reflects the company's
steady expansion in middle market insurance brokerage through a
combination of acquisitions and organic growth, its diversification
across clients and carriers, and good EBITDA margins. BroadStreet's
co-ownership model of acquiring majority interests in large core
agencies and allowing these agencies to operate autonomously
differentiates it from other privately-held rated brokers.
BroadStreet's strengths are tempered by its high financial leverage
and low interest coverage, the complexity of its majority/minority
ownership structure across many core agencies, its sizable
dividends to noncontrolling interests, and its exposure to errors
and omissions, a risk inherent in professional services.

BroadStreet enjoys long-term capital support from Ontario Teachers'
Pension Plan (OTPP). OTPP provides additional equity as needed to
help fund BroadStreet's growth strategy. BroadStreet also recently
announced that an investor group led by Ethos Capital will acquire
an ownership position in the company.

BroadStreet reported total revenue of $2.1 billion in 2024, up from
$1.7 billion in 2023 driven by solid organic growth and
acquisitions. The company's EBITDA margins have remained solid.

Moody's estimates that BroadStreet's pro forma debt-to-EBITDA ratio
is around 7.5x, with (EBITDA - capex) interest coverage of around
1.5x with free-cash-flow-to-debt in the low-to-mid-single digits.
These metrics incorporate Moody's adjustments for operating leases,
contingent earnout obligations, certain unusual/non-recurring
items, and run-rate EBITDA from acquisitions. The rating agency
expects BroadStreet to maintain its financial leverage below 7.5x.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Factors that could lead to a rating upgrade include: (i)
debt-to-EBITDA ratio below 6.5x, (ii) (EBITDA – capex) coverage
of interest exceeding 2x, (iii) free-cash-flow-to-debt ratio
exceeding 5%, and (iv) successful integration of acquisitions.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 7.5x, (ii) (EBITDA – capex)
coverage of interest below 1.2x, or (iii) free-cash-flow-to-debt
ratio below 2%.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in February 2024.

Headquartered in Columbus, Ohio, BroadStreet Partners, Inc. offers
commercial and personal property & casualty insurance and employee
benefits products to small and midsize businesses in the US and
Canada (through British Columbia-based Westland Insurance Group,
Ltd). BroadStreet ranked among the 15 largest US insurance brokers
based on 2023 revenue, according to Business Insurance. The company
generated total revenue of $2.1 billion in 2024.


BUILDERS FIRSTSOURCE: Moody's Rates New $500MM Unsec. Notes 'Ba2'
-----------------------------------------------------------------
Moody's Rating assigned Ba2 rating to Builders FirstSource, Inc.'s
(BLDR) proposed $500 million senior unsecured notes due 2035, which
may be upsized during syndication. BLDR's Ba1 corporate family
rating and Ba1-PD probability of default rating are not affected as
well as the Ba2 ratings on the company's other senior unsecured
notes. The SGL-1 Speculative Grade Liquidity Rating remains
unchanged. The outlook is unchanged at stable.

Moody's expects the terms and conditions of the proposed senior
unsecured notes to be similar to BLDR's other rated senior
unsecured notes. The senior unsecured notes are pari passu to each
other. Proceeds from the new notes will pay down an equal amount of
borrowings ($775 million as of March 31, 2025) under the revolving
credit facility.

Moody's views the proposed transaction as credit positive due to
increased liquidity. The terming out of revolver borrowings used
for acquisitions, including the sizeable Alpine Lumber Co. acquired
on January 2, 2025, matches long-term assets with long-term debt.
Despite incremental debt, Moody's expects leverage to remain below
3x adjusted debt/EBITDA through 2025. The incremental cash interest
is not material relative to BLDR's ability to generate free cash
flow.

RATINGS RATIONALE

BLDR's Ba1 CFR reflects the company's leading position as the
largest rated distributor of building products within the US.
Moody's projects adjusted EBITDA margin of around 12% through 2025.
The company's very good liquidity with the ability to generate
robust free cash flow is another credit strength. Moody's expects
BLDR to maintain solid credit metrics through the cycle, and
Moody's views the company as well positioned to withstand a period
of slower economic growth.

These credit strengths are offset by the inherent cyclicality of
demand in the US new housing construction, the primary driver of
its revenue. Moody's expects higher volatility in volumes and
earnings for BLDR in the near term. Intense competition and
reliance on commodity-like products make material expansion of
operating margins and market share gains difficult to achieve.

BLDR has aggressive financial policies regarding share repurchases
and the company may pursue more large debt-financed acquisitions to
expand its national footprint.

The company's very good liquidity is a credit strength. BLDR's
SGL-1 rating reflects Moody's views that the company will maintain
very good liquidity, generating around $1 billion of free cash flow
in 2025. Moody's expects excess cash will be used to reduce the
remaining revolver borrowings and to repurchase shares. BLDR has
access to a $1.8 billion asset based revolving credit facility due
2028. Pro forma for the pay down, revolver availability totaled
about $1.4 billion as of March 31, 2025. BLDR uses the revolver for
working capital, letters of credit and bolt-on acquisitions.

The stable outlook reflects Moody's expectations that BLDR faces a
difficult growth environment and will operate with leverage of
around 2.5x-3.0x adjusted debt/EBITDA. Very good liquidity further
supports the stable outlook.

The Ba2 ratings on BLDR's senior unsecured notes, one notch below
the Ba1 CFR, reflect the subordination of the notes to the
company's sizeable asset based revolving credit facility. The
unsecured notes are pari passu to each other.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

A ratings upgrade could occur if end markets remain supportive of
organic growth such that adjusted debt/EBITDA stays around 2x and
adjusted EBITDA margin remains above 15%. Upwards rating movement
also requires generating strong free cash flow, preservation of
very good liquidity, continuance of conservative financial policies
and an unsecured capital structure.

A ratings downgrade could occur if adjusted debt/EBITDA is
sustained above 3x. Negative ratings pressure may also transpire if
the company experiences material contraction in operating
performance, deterioration in liquidity, or adopts increasingly
aggressive acquisition or financial policies.

Builders FirstSource (NYSE: BLDR), headquartered in Irving, Texas,
is the largest national distributor of structural building
products, value-added components and services mainly for new
residential homes. BLDR's revenue for 2024 was $16.4 billion.

The principal methodology used in this rating was Distribution and
Supply Chain Services published in December 2024.


BUILDERS FIRSTSOURCE: S&P Rates New Senior Unsecured Notes 'BB-'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue level rating and '5'
recovery rating to Builders FirstSource Inc.'s proposed senior
unsecured notes due 2035. The '5' recovery rating indicates its
expectation for modest (10%-30%; rounded estimate: 25%) recovery in
the event of a payment default.

The company intends to use the proceeds from this issuance to repay
an equivalent amount of the total outstanding under its asset-based
lending (ABL) facility. Therefore, S&P views this transaction as
broadly net debt neutral and expect Builders FirstSource could
sustain S&P Global Ratings-adjusted leverage under 2x or at the
better end of the 2x-3x through most market conditions.



BURGESS BIOPOWER: Gets Clearance to Proceed w/ Ch. 11 Restructuring
-------------------------------------------------------------------
Emily Lever of Law360 Bankruptcy Authority reports that on May 8,
2025, a Delaware bankruptcy judge granted approval for Burgess
BioPower LLC to solicit votes on its revised Chapter 11 plan, which
features a proposed debt-to-equity swap.

                   About Burgess BioPower

The Debtors comprise renewable energy power companies that own and
operate a 75-megawatt biomass-fueled power plant located on an
approximately 62-acre site in Berlin, New Hampshire. Berlin Station
owns the Facility and the Facility Site, and Burgess BioPower
leases the Facility pursuant to a long-term lease. Burgess BioPower
also holds the necessary regulatory licenses for the operation of
the Facility.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-10235) on February
9, 2024, with $10 million to $50 million in assets and $100 million
to $500 million in liabilities. Dean Vomero, chief restructuring
officer, signed the petitions.

Judge Laurie Selber Silverstein oversees the case.

The Debtors tapped GIBBONS P.C. as Delaware counsel; FOLEY HOAG LLP
as general bankruptcy counsel; and SSG CAPITAL ADVISORS, L.P. as
investment banker.


BYJU'S ALPHA: U.S. Lenders Sue OCI Ltd to Recover Missing Funds
---------------------------------------------------------------
Steven Church of Bloomberg News reports that American lenders have
filed a lawsuit against a UK logistics company tied to the bankrupt
Indian education firm Byju's, accusing the two companies of
conspiring to misappropriate over $500 million in loan proceeds.

In the complaint filed on Monday, May 5, 2025, the lenders allege
that OCI Limited received $533 million from a small Miami hedge
fund in a fraudulent transfer designed to prevent the funds from
reaching creditors. The lawsuit claims that OCI and the hedge fund
masked the transfer as a loan through promissory notes, enabling
Byju's to report the funds as an asset rather than an expense in
its financial statements.

                    About BYJU's Alpha

BYJU's Alpha, Inc., designs and develops education software
solutions.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 24-10140) on Feb. 1, 2024. In the
petition signed by Timothy R. Pohl, chief executive officer, the
Debtor disclosed up to $1 billion in assets and up to $10 billion
in liabilities.

Judge John T. Dorsey oversees the case.

Young Conaway Stargatt & Taylor, LLP and Quinn Emanuel Urquhart &
Sullivan, LLP serve as the Debtor's legal counsel.

GLAS Trust Company LLC, as DIP Agent and Prepetition Agent, is
represented in the Debtor's case by Kirkland & Ellis LLP, Pachulski
Stang Ziehl & Jones, and Reed Smith.



CARDINAL OVERLOOK: Gets Interim OK to Use Cash Collateral
---------------------------------------------------------
Cardinal Overlook, LLC got the green light from the U.S. Bankruptcy
Court for the Southern District of Florida, West Palm Beach
Division, to use cash collateral.

The order signed by Judge Mindy Mora authorized the company's
interim use of cash collateral to pay the amounts expressly
authorized by the court; the expenses set forth in the budget, plus
an amount not to exceed 10% for each line item; and additional
amounts expressly approved in writing by the company's secured
creditor.

The budget shows total operational expenses of $25,775 for May and
$25,525 for June.

First Bank of the Lake may hold a lien via a UCC-1 financing
statement filed in October 2023.

As protection, the bank and other creditors with a security
interest in cash collateral will be granted a post-petition lien on
the cash collateral to the same extent and with the same validity
and priority as their pre-bankruptcy liens.

As further protection, Cardinal Overlook was ordered to keep its
property insured in accordance with the obligations under its loan
agreements with secured creditors.

The next hearing is set for May 15.

                      About Cardinal Overlook

Cardinal Overlook, LLC operates a brick-and-mortar children's
clothing store in Vero Beach under the "Once Upon a Child" brand.

Cardinal Overlook filed Chapter 11 petition (Bankr. S.D. Fla. Case
No. 25-14326) on April 21, 2025, listing up to $50,000 in assets
and up to $1 million in liabilities. Steven Slapikas, member and
manager, signed the petition.

Judge Mindy A. Mora oversees the case.

Craig I. Kelley, Esq., at Kelley Kaplan & Eller, PLLC, represents
the Debtor as legal counsel.


CAREPOINT HEALTH: Fine-Tunes Plan Documents
-------------------------------------------
CarePoint Health Systems Inc., d/b/a Just Health Foundation, et
al., and the Official Committee of Unsecured Creditors submitted a
Sixth Amended Combined Disclosure Statement and Joint Chapter 11
Plan of Reorganization dated April 2, 2025.

The Plan constitutes a joint chapter 11 plan of reorganization for
the Debtors. Except as otherwise provided by Order of the Court,
Distributions will occur on the Effective Date or as soon
thereafter as is practicable.

The Plan provides that, upon the Effective Date, the Litigation
Trust Assets will be transferred to the Litigation Trust. The
Litigation Trust Assets will be administered and distributed as
soon as practicable pursuant to the terms of the Plan and the
Litigation Trust Agreement.

Like in the prior iteration of the Plan, each Holder of an Allowed
General Unsecured Claim shall receive, on account of, in exchange
for, and in full and final satisfaction, compromise, settlement,
release, and discharge of such Allowed General Unsecured Claim, a
Pro Rata beneficial interest in the Litigation Trust.

The allowed unsecured claims total $162 million. This Class will
receive a distribution of 1% to 2% of their allowed claims.

Pursuant to the Plan, CarePoint, shall retain its direct and
indirect equity interests that constitute Other Interests in the
Debtors. For the avoidance of doubt, CarePoint's indirect equity
interests in Garden State Healthcare Associates, LLC, and New
Jersey Medical and Health Associates, LLC are not affected by the
Plan as such entities are not Debtors under the Plan and the Plan
does not treat any Claims against or Interests in such entities.

Unless a holder agrees to less favorable treatment, each holder of
an Allowed Administrative Expense Claim (including all Professional
Fee Claims) shall be paid in full in cash on the later of (a) the
Effective Date, or (b) the date on which such Administrative
Expense Claim becomes an Allowed Administrative Expense Claim, or
as soon as reasonably practicable thereafter, from the
Administrative Expense Claims Reserve. Alternatively, all Allowed
Administrative Expense Claims, excluding Professional Fee Claims,
may be assumed by the Reorganized Debtors and paid in the ordinary
course.

Notwithstanding the foregoing or anything to the contrary herein,
to the extent that Maple is granted an Allowed Administrative
Expense Claim arising under sections 503(b) and 507(b) of the
Bankruptcy Code from any diminution in the value of any interest of
Maple secured by a lien on property of the Debtors from and after
the Petition Date through the Effective Date, as determined by
agreement of the Plan Proponents and Maple or ordered by the Court,
such Allowed Administrative Expense Claim shall be paid by the
Reorganized Debtors in full in Cash on the Effective Date.

Notwithstanding the foregoing or anything to the contrary herein,
(i) the Allowed HRH Claims shall be deemed partially satisfied by a
credit bid with regard to the Bayonne transaction in the amount of
$32,741,612, which amount shall constitute the "Transaction
Consideration" under the Collateral Surrender Agreement, and (ii)
HRH shall not be entitled to receive a recovery of more than 100%
of the Allowed HRH Claims

The Debtors' and/or Reorganized Debtors' Cash on hand and other
Assets and the Litigation Trust Assets shall be used to fund the
distributions to Holders of Allowed Claims against the Debtors in
accordance with the treatment of such Claims provided pursuant to
the Plan and subject to the terms provided herein.

A full-text copy of the Sixth Amended Combined Disclosure Statement
and Joint Plan dated April 2, 2025 is available at
https://urlcurt.com/u?l=dIbij2 from Epiq Corporate Restructuring,
claims agent.

Counsel to the Debtors:

     DILWORTH PAXSON LLP
     Peter C. Hughes, Esq.
     800 King Street, Suite 202
     Wilmington, DE 19801
     Telephone: (302) 571-9800
     E-mail: phughes@dilworthlaw.com

           - and -

     Lawrence C. McMichael, Esq.
     Peter C. Hughes, Esq.
     Anne M. Aaronson, Esq.
     Jack Small, Esq.
     1650 Market St., Suite 1200
     Philadelphia, PA 19103
     Telephone: (215) 575-7000
     E-mail: lmcmichael@dilworthlaw.com
            phughes@dilworthlaw.com
            aaaronson@dilworthlaw.com
            jsmall@dilworhtlaw.com

Counsel to the Official Committee of Unsecured Creditors:

     Andrew H. Sherman, Esq.
     Boris I. Mankovetskiy, Esq.
     SILLS CUMMIS & GROSS, P.C.
     One Riverfront Plaza
     Newark, NJ 07102
     Tel: (973) 643-7000
     Fax: (973) 643-6500
     E-mail: asherman@sillscummis.com
             bmankovetskiy@sillscummis.com

     Bradford J. Sandler, Esq.
     James E. O'Neill, Esq.
     Colin R. Robinson, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 N. Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE 19899-8705 (Courier 19801)
     Telephone: (302) 652-4100
     Facsimile: (302) 652-4400
     Email: bsandler@pszjlaw.com
            joneill@pszjlaw.com
            crobinson@pszjlaw.com

                      About CarePoint Health

CarePoint Health brings quality, patient-focused health care to
Hudson County. Combining the resources of three area hospitals,
Bayonne Medical Center, Christ Hospital in Jersey City, and Hoboken
University Medical Center, CarePoint Health provides a new approach
to deliver health care that puts the patient front and center.

CarePoint Health leverages a network of top doctors, nurses, and
other medical professionals whose expertise and attentiveness work
together to provide complete coordination of care, from the
doctor's office to the hospital to the home. Patients benefit from
the expertise and capabilities of a broad network of leading
specialists and specialized technology. At CarePoint Health, all
medical professionals emphasize preventive medicine and focus on
educating patients to make healthy life choices. For more
information on its facilities, partners and services, visit
www.carepointhealth.org.

CarePoint Health Systems Inc., doing business as Just Health
Foundation, and its affiliates filed voluntary petitions for relief
under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.
Del. Lead Case No. 24-12534) on Nov. 3, 2024, with up to $1 million
in assets and up to $50,000 in liabilities.

Judge J. Kate Stickles oversees the cases.

The Debtors tapped Dilworth Paxson LLP as legal counsel, Ankura
Consulting as financial advisor, and Epiq Corporate Restructuring,
LLC as claims and noticing agent and administrative advisor.


CASA GARCIA: Updates Restructuring Plan Disclosures
---------------------------------------------------
Casa Garcia's Co. submitted an Amended Plan of Reorganization for
Small Business dated April 1, 2025.

The Debtor amended this Small Business Plan of Reorganization to
clarify classes for voting.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from operations and future income of the Mexican
restaurant located at Riverwalk Plaza, South Charleston, West
Virginia.

This Plan provides for one class of priority unsecured claims and
one class of general unsecured claims. Unsecured creditors holding
allowed claims will receive distributions, which the proponent of
this Plan has valued at $.40 on the dollar.

This Plan also provides for the payment of administrative and
priority claims to the extent permitted by the Code in 60
installments.

Class IV consists of all other unsecured claims. All other
unsecured claims allowed under Section 502 of the Code as follows:
Corey Brothers $772.80; Buzz Products $7273.77; Diaz Foods
$5192.46; State tax Department $.50; and Performance Food $4,154.93
for a total of $17,394.46.

Unsecured general claims under Section 502 of the Code will be paid
a total of 40% of their claim over 60 months without interest
payable in equal quarterly payments.

The Debtor will commence making its payments under the plan on the
first day of the calendar month that follows the effective date of
the plan. It will fund the plan payments from its income made in
the ordinary course of its business.

A full-text copy of the Amended Plan dated April 1, 2025 is
available at https://urlcurt.com/u?l=ZWbWeq from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     William W. Pepper, Esq.
     Andrew S. Nason, Esq.
     Emmett Pepper, Esq.
     Pepper and Nason
     8 Hale Street
     Charleston, WV 25301
     Tel: (304) 346-0361
     Fax: (304) 346-1054
     Email: info@PepperNason.com

                       About Casa Garcia's Co.

Casa Garcia's Co. is a restaurant operator located at Riverwalk
Plaza in South Charleston, West Virginia.

Casa Garcia's Co. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.W. Va. Case No. 25-20007) on January
20, 2025. In its petition, the Debtor reports estimated assets
between $50,000 and $100,000 and estimated liabilities between
$100,000 and $500,000.

The Debtor is represented by Andrew S. Nason, Esq., at Pepper &
Nason.


CELSIUS NETWORK: Mawson Opposes Ch. 11 Case Sanctions Attempt
-------------------------------------------------------------
Alex Wittenberg of Law360 Bankruptcy Authority reports that Mawson
Infrastructure Group Inc., a cryptocurrency mining company, urged a
Delaware bankruptcy judge to reject Celsius Network's attempt to
seek sanctions in its involuntary Chapter 11 case, asserting that
its failed attempt to apply the automatic stay to its subsidiaries
was made in good faith.

                  About Celsius Network

Celsius Network LLC -- http://www.celsius.network/-- is a
financial services company that generates revenue through
cryptocurrency trading, lending, and borrowing, as well as by
engaging in proprietary trading.

Celsius helps over a million customers worldwide to find the path
towards financial independence through a compounding yield service
and instant low-cost loans accessible via a web and mobile app.
Celsius has a blockchain-based fee-free platform where membership
provides access to curated financial services that are not
available through traditional financial institutions.

The Celsius Wallet claims to be one of the only online crypto
wallets designed to allow members to use coins as collateral to get
a loan in dollars, and in the future, to lend their crypto to earn
interest on deposited coins (when they're lent out).

Crypto lenders such as Celsius boomed during the COVID-19 pandemic,
drawing depositors with high interest rates and easy access to
loans rarely offered by traditional banks. But the lenders'
business model came under scrutiny after a sharp sell-off in the
crypto market spurred by the collapse of major tokens terraUSD and
luna in May 2022.

New Jersey-based Celsius froze withdrawals in June 2022, citing
"extreme" market conditions, cutting off access to savings for
individual investors and sending tremors through the crypto
market.

The list of major crypto firms that have filed for bankruptcy
protection in 2022 now includes Celsius Network, Three Arrows
Capital and Voyager Digital.

Celsius Network, LLC and its subsidiaries sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case
No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex
Mashinsky, the Debtors estimated assets and liabilities between $1
billion and $10 billion.

The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as
special counsel; Centerview Partners, LLC as investment banker; and
Alvarez & Marsal North America, LLC as financial advisor. Stretto
is the claims agent and administrative advisor.

On July 27, 2022, the U.S. Trustee appointed an official committee
of unsecured creditors. The committee tapped White & Case, LLP as
its bankruptcy counsel; Elementus Inc. as its blockchain forensics
advisor; M3 Advisory Partners, LP as its financial advisor; and
Perella Weinberg Partners, LP as its investment banker.

Shoba Pillay, Esq., is the examiner appointed in the Debtors'
Chapter 11 cases. Jenner & Block, LLP and Huron Consulting
Services, LLC, serve as the examiner's legal counsel and financial
advisor, respectively.

                        *     *     *

On November 9, 2023, the Bankruptcy Court entered the Findings of
Fact, Conclusions of Law, and Order Confirming the Modified Joint
Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates.
The Effective Date of the Plan occurred January 31, 2024.


CLARIVATE PLC: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has affirmed Clarivate Plc's Long-Term Issuer Default
Rating (IDR) at 'BB-' and affirmed the IDRs of its subsidiaries and
borrowers Camelot U.S. Acquisition LLC, Camelot Finance S.A., and
Clarivate Science Holdings Corporation at 'BB-'. The Rating Outlook
is Stable. Fitch has also affirmed Clarivate's first-lien debt
ratings at 'BB+' with a Recovery Rating of 'RR1' and unsecured debt
at 'BB-'/'RR4'.

Clarivate's ratings are constrained by its leverage and the
expectation that leverage will be sustained above 4.0x for the next
several years. The company's robust free cash flow, defensible
market position, and EBITDA margins above 40%, support the ratings.
Clarivate's subscription or recurring revenues were previously
about 80% of total revenue, a percentage that is improving as
management disposes of transactional-based business segments. This
stability provides strong credit protection. Financial flexibility
is adequate with $285 million of cash on the balance at year end,
an untapped revolver, strong interest coverage, and robust FCF
potential.

Key Rating Drivers

Forecast for Moderately Increased Leverage: Clarivate has
voluntarily reduced debt over the past two years, but its exit from
some businesses has resulted in lower total EBITDA. Leverage at YE
2024 was 4.3x, and Fitch forecasts an increase to 4.6x by YE 2025
due to lower EBITDA. The temporary increase is not a concern due to
the company's rationale, specifically its strategic focus on
reducing transactional or project-based revenue. Depending on the
company's debt reduction in 2025, Fitch's forecast of 4.6x could be
too high.

Clarivate's capital structure is a remnant of multiple large
acquisitions and its former PE sponsor. However, its overall debt
burden is much lower than it was several years ago. Additionally,
the preferred shares, which Fitch viewed as 50% debt, have
converted to common equity. The debt burden weighs on the rating,
but the leverage remains within Fitch's tolerance for the rating
level.

Robust FCF: Clarivate's FCF was down in 2024 to $320 million from
$425 million in 2023, due to one-time items and working capital
requirements. The company's dispositions will slightly lower
EBITDA, but Fitch projects FCF to exceed $300 million for the next
several years. Capital intensity was about 11% in 2024, and Fitch
expects this metric to remain in the 9% to 10% range as the company
invests in its technology platforms and machine learning
capabilities. The company has attractive FCF characteristics due to
is recurring revenue streams and EBITDA margin above 40%.
Clarivate's strong FCF provides it with the flexibility to
repurchase shares or continue reducing debt.

Strong Moat due to Proprietary Platforms and Data: Clarivate
sources data, adds metadata including search terms, and then
provides access to customers through its technology platforms.
Products like its global patent information or the ProQuest
research platform give the company a defensible market position, as
replicating the breadth of these offerings would be challenging for
competitors. Management reports high client retention rates,
indicating stability that provides good credit protection.

Resilience Through Economic Cycles: Clarivate's revenue has held up
during past contractions because customers rely on its products.
Transactional revenue is decreasing as management disposes of some
segments and focuses on growing subscription products and recurring
revenue. Clarivate's main products generated revenue growth during
the economic downturn in 2008 to 2009. Its customers in academia
and government constitute almost half of their revenue, and quality
scientific and technical journal subscriptions have not been
sensitive to macroeconomic downturns.

Diversified, Longstanding Relationships: Its flagship products hold
top-tier positions and are an integral part of customers'
decision-making processes and benefit from multi-year agreements.
Clarivate has over 30,000 customers in more than 150 countries,
including the top 30 pharmaceutical companies by revenue and 50
global patent offices. Relationships with the top 50 customers
average over 15 years. No customer accounts for more than 2% of
revenue.

Peer Analysis

Clarivate has a leading position in information services and
analytics serving the scientific research, intellectual property
and life sciences markets. Leverage has been above 4.0x due to the
transaction history, most notably the acquisition of ProQuest in
2021. The company voluntarily paid down significant debt during
2023 and 2024, and Fitch expects additional debt reduction in
2025.

Investment-grade issuers in the data and analytics sector operate
with much larger scale, measured by revenue and EBITDA, and with
lower leverage than Clarivate. One example is MSCI, Inc.,
(BBB-/Stable) which maintains leverage below 3.5x and consistently
has one of the highest margin profiles in the peer set. Before the
announcement that it would be going private, Dun & Bradstreet
Holding, Inc.'s (BB-/Rating Watch Negative) ratings and credit
metrics were similar to Clarivate's. Intermediate Dutch Holdings
B.V. (B+/Stable) (dba NielsenIQ) has higher leverage and lower
EBITDA margins than Clarivate.

Key Assumptions

- Revenue down to $2.3 billion or $2.4 billion in 2025 due to
dispositions, with organic revenue growth flat to 1% in 2026;

- EBITDA margins sustained above 40%;

- Capital intensity at 10% of revenue, although the company is
targeting a maintenance capex reduction.

- Excess cash allocated to debt reduction and share repurchases.

Recovery Analysis

The senior secured term loan, revolving credit facility and secured
notes, rank as a category 1 first-lien security, resulting in a
recovery of 'RR1/+2'.

The unsecured notes, have a recovery rating of 'RR4/+0', in line
with the IDR.

RATING SENSITIVITIES

Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- EBITDA leverage equal or greater than 5.0x;

- Expectation for flat to negative organic revenue growth;

- Shift to more aggressive financial policy.

Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- EBITDA Leverage equal or lower than 4.0x;

- Sustained organic revenue growth more than low single digits.

Liquidity and Debt Structure

The company has adequate liquidity with $285 million of cash at
year end and the full $700 million available on the revolving
credit facility. Fitch projects FCF to exceed $300 million for the
next several years, allowing the company to reduce debt or
repurchase shares.

Clarivate's $700 million senior secured notes mature in November of
2026, which is its earliest maturity. The company also has senior
secured notes of approximately $920 million maturing in 2028 and
unsecured notes of approximately $920 million maturing in 2029. All
of these notes are fixed rate. In January 2024, Clarivate extended
its revolving credit facility to 2029 and its term loan to 2031.

Issuer Profile

Clarivate Plc is a leading global information services and
analytics company serving the scientific research, intellectual
property and life sciences end-markets. They provide structured
information and analytics to facilitate the discovery, protection
and commercialization of scientific research, innovations and
brands.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt               Rating         Recovery   Prior
   -----------               ------         --------   -----
Camelot U.S.
Acquisition LLC        LT IDR BB-  Affirmed            BB-

   senior secured      LT     BB+  Affirmed   RR1      BB+

Clarivate Plc          LT IDR BB-  Affirmed            BB-

Clarivate Science
Holdings Corporation   LT IDR BB-  Affirmed            BB-

   senior unsecured    LT     BB-  Affirmed   RR4      BB-

   senior secured      LT     BB+  Affirmed   RR1      BB+

Camelot Finance S.A.   LT IDR BB-  Affirmed            BB-

   senior secured      LT     BB+  Affirmed   RR1      BB+


CMN GROUP: Seeks Subchapter V Bankruptcy in Virginia
----------------------------------------------------
On May 2, 2025, CMN Group LLC filed Chapter 11 protection in the
U.S. Bankruptcy Court for the Eastern District of Virginia.
According to court filing, the Debtor reports between $1 million
and $10 million in debt owed to 200 and 999 creditors. The
petition states funds will be available to unsecured creditors.

           About CMN Group LLC

CMN Group LLC, founded in 2013, specializes in comprehensive
design/build and renovation solutions for large construction
programs, focusing on civil, capital, and vertical construction
projects for federal agencies. The Company provides a range of
services, including HVAC and plumbing installation, facility
infrastructure, and excavation. It also offers expertise in
electronic security systems, such as video surveillance, access
control, and intrusion detection.

CMN Group LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 25-10908) on
May 2, 2025. In its petition, the Debtor reports estimated assets
between $500,000 and $1 million and estimated liabilities between
$1 million and $10 million.

The Debtor is represented by John P. Forest, II, Esq. at LAW OFFICE
OF JOHN P. FOREST, II.


COSTELLO SR.-ALLEN: Seeks Chapter 11 Bankruptcy in New York
-----------------------------------------------------------
On May 1, 2025, Costello Sr.-Allen Optometrists PLLC filed
Chapter 11 protection in the U.S. Bankruptcy Court for
the Northern District of New York. According to court filing, the
Debtor reports $2,622,871 in debt owed to 1 and 49 creditors.
The petition states funds will be available to unsecured
creditors.

           About Costello Sr.-Allen Optometrists PLLC

Costello Sr.-Allen Optometrists PLLC, dba Allen Eye Associates is
an optometry practice based in Oneida, New York. The clinic
provides comprehensive eye care services including routine eye
exams, contact lens fittings, dry eye therapy, and disease
management.

Costello Sr.-Allen Optometrists PLLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-60379) on
May 1, 2025. In its petition, the Debtor reports total assets of
$583,120 and total liabilities of $2,622,871.

The Debtor is represented by Peter A. Orville, Esq. at ORVILLE &
MCDONALD LAW, P.C.


COTTON HOUSE: Hires Buckmiller & Frost PLLC as Counsel
------------------------------------------------------
Cotton House Craft Brewers, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of North Carolina to
employ Buckmiller & Frost, PLLC to handle the Chapter 11
proceedings.

The firm will be paid at these rates:

     Matthew W. Buckmiller            $400 per hour
     Joseph Z. Frost                  $375 per hour
     Yorlibeth Martinez               $300 per hour
     Paralegals, Law Clerks, & Staff  $65 to $160 per hour

The firm will receive a retainer in the amount of $6,738.

Buckmiller & Frost is a disinterested person within the meaning of
Sec. 101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Joseph Z. Frost, Esq.
     Buckmiller & Frost, PLLC
     4700 Six Forks Road, Suite 150
     Raleigh, NC 27609
     Tel: (919) 296-5040
     Fax: (919) 977-7101
     Email: jfrost@bbflawfirm.com

              About Cotton House Craft Brewers, LLC

Cotton House Craft Brewers LLC, also known as Triangle Beer Co., is
a family-owned brewery in Cary, NC, committed to crafting unique
and high-quality beers. With a focus on local ingredients, the
Company collaborates with nearby farmers and artisans to deliver
fresh, distinctive brews that reflect the community's spirit. In
addition to beer, it offers food trucks and host private events.

Cotton House Craft Brewers LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-01294) on
April 8, 2025. In its petition, the Debtor reports estimated assets
between $100,000 and $500,000 and estimated liabilities between $1
million and $10 million.

Honorable Bankruptcy Judge Joseph N. Callaway handles the case.

The Debtor is represented by Joseph Z. Frost, Esq. at BUCKMILLER &
FROST, PLLC.


CPI HOLDCO: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned our 'B' issuer credit rating to CPI
Holdco LLC (dba Antylia Scientific). The outlook is stable.

At the same time, we assigned our 'B' issue-level rating and '3'
recovery rating to the company's senior secured debt. The '3'
recovery rating indicates our expectation for meaningful (50%-70%;
rounded estimate: 50%) recovery for lenders in the event of a
payment default.

Our stable outlook reflects our expectation that we believe Antylia
will generate pro-forma free operating cash flow (FOCF) to debt of
over 3% in 2025 that should increase further in 2026. This reflects
our expectation for high-single digit percent revenue growth in its
diagnostics and essentials products and mid-single-digit percent
growth in its environmental products, stable improvements in
margins, and low capital expenditures.

CPI Holdco LLC (dba Antylia Scientific), a Vernon Hills, Ill.-based
manufacturer and distributor of laboratory equipment, consumables,
and diagnostic products is being acquired by the financial sponsors
Brookfield Asset Management and Caisse de dépôt et placement du
Quebec (CDPQ) in a debt-financed transaction.

Pro forma for the transaction, S&P expects Antylia's S&P Global
Ratings-adjusted gross leverage will be about 6.8x in 2025 and 6x
in 2026 further declining in subsequent years, with free operating
cash flow (FOCF) to debt of about 1.6% in 2025, increasing to about
6.2% in 2026.

The 'B' rating on Antylia reflects the company's leading position
in the specialty diagnostics controls market and favorable product
profile of highly recurring consumables which is poised to grow in
2025 and onwards. S&P said, "We believe the business benefits from
the company's operations in a niche market with growing demand. We
believe that the increasing prevalence of various infectious
diseases globally is contributing to a rise in clinical diagnostic
procedures, and subsequent industry growth." Demographic trends in
the U.S. are transforming health care markets and fostering
significant expansion across several downstream segments. A major
factor is the increasing population of adults aged 65 and older,
which heightens the demand for diagnostic tests and laboratory
services to manage chronic diseases and age-related conditions.
Additionally, longer life expectancies contribute to ongoing health
care needs, enhancing the demand for laboratory equipment and
consumables in medical facilities and research institutions.
Increasing health care expenditures, advancements in diagnostic
technologies, and a growing emphasis on early disease detection all
support this upward trend. The widespread acceptance of automated
laboratory equipment and adherence to regulatory standards further
accelerate growth in the U.S. market.

Moreover, the company serves a diverse array of end markets,
including health care, environmental, and industrial applications,
as well as direct consumers via online marketplaces. The company's
established customer relationships are strengthened by partnerships
with various OEMs, which result in their products being featured in
"Instructions for Use" catalogs and referenced in regulatory
standards. S&P anticipates that this demand stability will spur
revenue growth in the mid-single-digit range, aligning with the
growth expectations for its core laboratory consumables and
diagnostics market.

S&P said, "Our assessment of the company's competitive position is
constrained by its small operating scale and fragmented and limited
addressable market with low barriers to entry. In 2024, Antylia
generated approximately $395 million in revenue, which is
significantly lower than that of its direct competitors in the
broader laboratory equipment and consumables market, such as Thermo
Fisher, Bio-Rad, and Agilent, all of which benefit from a larger
addressable market. Although Antylia is a prominent supplier in a
niche market, we believe its overall growth will be constrained by
its limited business scope. Additionally, given the company's small
size in the highly fragmented laboratory equipment industry and the
relatively low barriers to entry, it remains vulnerable to
competition from potential new entrants. We also believe a
significant portion of Antylia's product portfolio comprises
low-tech and undifferentiated ancillary products, especially when
compared with more complex life sciences tools, making them more
vulnerable to technological advancements or the risk of
obsolescence.

"The company's strong brand recognition in its niche space enhances
durability in its margin profile. We believe Antylia is able to
maintain its margin through a steady mix-shift to higher-margin
products, strategic focus on brand-conscious customers, quality
technical support, and demonstrated ability to pass-through cost
increases. Further, we expect the margin to benefit from cost
optimization measures implemented in 2024, a general product
rationalization to higher-margin products, reduction in one-time
expenses associated with the transaction, and the implementation of
a value creation plan that goes hand-in-hand with new sponsor
ownership. Thus, we expect EBITDA margin will improve to 27.4% in
2025 due to cost optimization measures implemented in 2024 and
reduction in one-time expenses associated with the transaction. We
expect EBITDA margin will improve to 29.4% in 2026 as the sponsors
create value by optimizing procurement practices, through site
consolidation, and by rationalizing the labor force. We then expect
profitability to continue to increase in 2027 and beyond as the
company benefits from improved operating leverage.

"We expect the company's leverage will be about 6.8x in 2025 and
reduce to 6x in 2026, with further deleveraging dependent on
financial policy. We expect Antylia's leverage to benefit from the
overall reduction in debt and an EBITDA uplift resulting in
leverage of 6.8x in 2025, which we expect will decrease slightly to
6x in 2026. While we believe the company will have the capacity to
reduce leverage through EBITDA growth and cash flow generation, we
expect the company to continue to pursue tuck-in M&As that could
periodically increase leverage above our base-case forecast.
Additionally, the company's financial policy will be guided by its
financial sponsor ownership by Brookfield Asset management, which
creates a risk for potential future re-leveraging events associated
with shareholder rewards.

"We expect Antylia's cash flows to significantly benefit from the
relatively favorable terms of the new capital structure. We expect
the company to generate FOCF to debt of about 1.6% in 2025,
improving to about 6.2% in 2026 and thereafter. Pro forma for the
full year benefits of the new capital structure, we expect the
company would generate over 3% FOCF to debt in 2025. The
transaction will reduce the debt to $740 million from over $1.0
billion and improve interest rate by about 175 basis points
resulting in an expected improvement in cash interest expense by
about $50 million in the first year on a pro forma basis. We also
expect the anticipated EBITDA expansion to flow through to cash
flows as the company has relatively low exposure to tariff-related
increase in costs as Antylia is able to mitigate its tariff
exposure by relatively quick pricing increases, sourcing from
different suppliers, and other cost initiative. We expect FOCF to
debt will improve substantially in 2026 due to continued EBITDA
growth.

"Further, we expect the company to maintain sufficient liquidity
over the next 12 months given its access to a $125 million revolver
facility and an expected over $10 million of cash post transaction.
However, we believe the company could use some of its cash and debt
capacity to fund bolt-on acquisitions over the next few years.

"Our stable outlook reflects our expectation that Antylia will
generate pro-forma FOCF to debt of over 3% in 2025 that should
increase further in 2026. This reflects our expectation for
high-single digit percent revenue growth in its diagnostics and
essentials products and mid-single-digit percent growth in its
environmental products, stable improvements in margins, and low
capital expenditures."

S&P could lower its rating to 'B-' if S&P believes Antylia cannot
maintain S&P Global Ratings-adjusted FOCF to debt of above 3% and
leverage below 7x on a sustained basis. This could happen if:

-- The company's organic revenue growth stagnates, and it is
unable to scale back on one-time costs and execute on its value
creation plan due to an economic downturn or an inability to pass
along the tariff cost impact to customers;

-- It pursues aggressive debt-funded acquisitions or faces
integration challenges that burden profitability; or

-- It adopts more aggressive shareholder-friendly initiatives,
such as potential debt-financed dividends.

S&P said, "We could consider a higher rating if Antylia maintains
leverage below 5x and adjusted FOCF to debt of above 5%. Given its
financial sponsor ownership, we consider this highly unlikely over
the next 12 months."



CRICKET AUTOMOTIVE: Gets Extension to Access Cash Collateral
------------------------------------------------------------
Cricket Automotive Center, LLC received another extension from the
U.S. Bankruptcy Court for the Eastern District of North Carolina to
use cash collateral.

The sixth interim order authorized the company to use cash
collateral consistent with its budget, with a 10% variance allowed.
The budget shows total projected expenses of $104,913 for May.

Secured creditors, including Cricket Service Center, LLC, a North
Carolina limited liability company, CT Corporation System and
Corporation Service Company, will receive a replacement lien on the
company's post-petition property that is similar to their
pre-bankruptcy collateral.

As additional protection, Cricket Automotive Center was ordered to
keep the secured creditors' collateral insured.

The company was also ordered to pay $2,000 to Cricket Service
Center and make lease payments to Texaco Since 1949, LLC and
Rollback at Ward, LLC.

The company's authority to use cash collateral expires or
terminates upon cessation of its operations or the company's
non-compliance or default with the terms of the sixth interim
order, whichever comes earlier.

The next hearing is scheduled for May 20.

                  About Cricket Automotive Center

Cricket Automotive Center, LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 24-04172) on
December 2, 2024, with $100,001 to $500,000 in assets and $500,001
to $1 million in liabilities.

Judge David M. Warren presides over the case.

William P. Janvier, Esq., at Stevens Martin Vaughn & Tadych, PLLC
is the Debtor's legal counsel.

Secured creditor Cricket Service Center, LLC is represented by:

   Brian R. Anderson, Esq.
   Fox Rothschild LLP
   230 N. Elm Street, Suite 1200
   Greensboro, NC 27401
   Telephone: (336) 378-5205
   Facsimile: (336) 378-5400
   Email: Branderson@foxrothschild.com


D2 GOVERNMENT: Seeks to Hire J.M. Cook P.A. as Legal Counsel
------------------------------------------------------------
D2 Government Solutions, Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of North Carolina to
employ J.M. Cook, P.A. as counsel.

The firm will provide these services:

     a. prepare on behalf of the Debtor, necessary applications,
complaints, answers, orders, reports, motions, notices, plan of
reorganization, disclosure statement and other papers necessary in
Debtor's reorganization case;

     b. assist the Debtor in evaluating the legal basis for, and
effect of, the various pleadings that will be filed in the Chapter
11 case by the Debtor and other parties in interest;

     c. perform all necessary legal services in connection with the
Debtor's reorganization, including Court appearances, research,
opinions and consultations on reorganization options, direction and
strategy;

     d. assist the Debtor in preparing the monthly operating
reports and evaluating and negotiating the Debtor's or any other
party's Plan of Reorganization and any associated Disclosure
Statement;

     e. commence and prosecute any and all necessary and
appropriate actions and/or proceedings on behalf of the Debtor;
and

     f. perform all other legal services for the Debtor which may
be necessary and proper in these proceedings and in keeping with
his fiduciary duty.

The firm will be paid at these rates:

      J.M. Cook           $300 per hour
      Paralegal           $175 per hour

The firm was paid a retainer in the amount of $4,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

J.M. Cook, Esq. a partner at J.M. Cook, P.A., 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 at:

     J.M. Cook, Esq.
     J.M. Cook, P.A.
     5886 Faringdon Place Suite 100
     Raleigh, NC 27609
     Tel: (919) 675-2411
     Fax: (919) 882-1719
     Email: J.M.Cook@jmcookesq.com

              About D2 Government Solutions, Inc.

D2 Government Solutions, Inc. founded in 2010, is a
Service-Disabled Veteran-Owned Small Business (SDVOSB) that
provides a broad spectrum of professional services to U.S.
government agencies. The Company specializes in aviation-related
operations including base and flight operations, aircraft
maintenance, logistical support, aerial imaging, and range
services. In addition, D2 offers administrative and facility
support services such as mailroom operations, military transition
assistance, ID processing support, clerical staffing, and medical
administrative functions, reflecting its versatility in meeting
diverse federal contracting needs.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-01322) on April 11,
2025. In the petition signed by Darryl Centanni, president, the
Debtor disclosed up to $50 million in assets and up to $10 million
in liabilities.

Judge Pamela W. McAfee oversees the case.

JM Cook, Esq., at J.M. COOK, P.A., represents the Debtor as legal
counsel.


DASHFIRE LLC: Gets Interim OK to Use Cash Collateral Until June 4
-----------------------------------------------------------------
Dashfire, LLC and affiliates got the green light from the U.S.
Bankruptcy Court for the District of Minnesota to use cash
collateral.

The order penned by Judge Katherine Constantine authorized the
Debtors' interim use of cash collateral until June 4 to pay their
expenses.  

As protection, Live Oak Banking Company and the U.S. Small Business
Administration were granted replacement liens on assets acquired by
the Debtor after the petition date that are similar to their
pre-bankruptcy collateral. These post-petition assets do not
include Chapter 5 claims.

A final hearing is scheduled for June 4.

The Debtors have multiple secured creditors with interests in the
cash collateral, including Live Oak Banking Company and the U.S.
Small Business Administration, through a series of SBA 7(a) and
EIDL loans totaling over $1.6 million. As of the petition date, the
Debtors estimated the combined value of their cash, inventory, and
accounts receivable at $205,000, which is projected to increase to
$230,000 by the end of the proposed interim use period.

                    About Dashfire, LLC

Dashfire, LLC filed Chapter 11 petition (Bankr. D. Minn. Case No.
25-41264) on April 22, 2025, listing up to $500,000 in assets and
up to $1 million in liabilities. Lee Egbert, president of Dashfire,
signed the petition.

Judge Katherine A. Constantine oversees the case.

Karl Johnson, Esq., at MJB Law Firm PLLC, represents the Debtor as
bankruptcy counsel.


DIVISIONS HOLDING: S&P Withdraws 'B' Issuer Credit Rating
---------------------------------------------------------
S&P Global Ratings withdrew all of its ratings on Divisions Holding
Corp., including the 'B' issuer credit and issue-level ratings and
'3' recovery rating, at the issuer's request.

The company requested the withdrawal after it completed a
refinancing and repaid its rated debt. The outlook was stable at
the time of the withdrawal.




DOUBLE PLAY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Double Play Oil & Gas, Inc.
        PO Box 520
        Portland, TX 78374

Business Description: Double Play Oil & Gas, Inc., founded in
                      1998, specializes in the operation of oil
                      and gas wells, managing projects from
                      prospect generation through drilling,
                      completion, and ongoing operations.  The
                      Company collaborates with experienced
                      geologists to generate multiple prospects
                      annually, offering investors an opportunity
                      to purchase interests in oil and gas well
                      projects at the ground level.  With
                      properties in several counties, including
                      Bee, DeWitt, Duval, and others in Texas,
                      Double Play strives to keep expenses low and
                      operations efficient.

Chapter 11 Petition Date: May 5, 2025

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 25-20130

Judge: Hon. Marvin Isgur

Debtor's Counsel: Stephen W Sather, Esq.
                  BARRON & NEWBURGER, P.C.
                  7320 N. MoPac Expressway 400
                  Austin TX 78731
                  Tel: (512) 649-3243
                  E-mail: ssather@bn-lawyers.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

In his position as director and president, Glenn Burdine signed the
petition.

A full-text copy of the petition, which includes a list of the
Debtor's 20 largest unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/C6EESEQ/Double_Play_Oil__Gas_Inc__txsbke-25-20130__0001.0.pdf?mcid=tGE4TAMA


DUETO OF SECOND: Unsecureds Will Get 3% of Claims over 36 Months
----------------------------------------------------------------
Dueto of Second Avenue, Inc., submitted a First Amended Plan of
Reorganization for Small Business under Subchapter V.

The Debtor will fund the Plan payments to creditors utilizing
disposable income for a period of 36 months commencing on the
Effective Date. The Plan provides for payment of Allowed
Administrative Expenses and Priority Claims in full.

The Plan proposes to pay Debtor's Secured Creditor, JP Morgan Chase
Bank NA the value of the secured portion of its Claim, plus
interest at 14.15%, from the proceeds of Debtor's operations, over
a period of 36 months in equal monthly payments beginning on the
Effective Date.

Unsecured Claims against Debtor, including the unsecured portion of
Chase's Claim, will receive a distribution totaling approximately
$29,000.00, which is three percent pro rata, from Debtor's
Disposable Income in months 10, 24, 30 and 36 of the Plan.

The Debtor negotiated a consensual resolution of its lease cure of
$14,462.47, with Landlord to be paid $654.10 per month over a
24-month period with 8% interest, for a total payment of
$15,698.36. Landlord's attorney similarly consented to receive his
payment of $9,000 with interest at 8% for payments of $282.03 per
month for 36 months, with such payments totaling $10,152.98.

The Debtor's Priority Sales Tax Claims of $6,770.12 and $29,013.03
will be paid over 36 monthly payments of $209.04 and 895.84, with
7% interest, such payments totaling $7,525.50 and $32,250.24,
respectively.

The Debtor was also in arrears to its Landlord in the amount of
$14,462.47 as well as attorneys' fees of approximately $20,000.00,
financial advisor fees of approximately $15,000.00, SubChapter V11
Trustee Fees of approximately $15,000.00.

Class 2 consists of the Allowed Claims of non-priority unsecured
creditors, including the unsecured portion of Chase's Claim. Class
2 Claims are estimated at $977,980.93. Holders of Allowed Class 2
Claims will receive a distribution of approximately $29,000.00,
which is 3% pro rata, from Debtor's Disposable Income over the life
of the Plan. Holders of Class 2 Claims are impaired and may vote on
the Plan.

The Plan will be funded with Debtor's Disposable Income. On the
Effective Date, all property of Debtor, tangible and intangible,
will revert to Debtor, free and clear of all Claims, except as
provided in the Plan.

Upon the Effective Date, pursuant to Bankruptcy Code Section
1191(a), Mr. Sosa shall continue to own the Interests in Debtor as
Reorganized Debtor. Mr. Sosa will continue to serve as principal
officer of Debtor. Upon the Effective Date, Debtor shall make all
payments required under the Plan according to the payment
provisions of the Plan to directly to claimants.

A full-text copy of the First Amended Plan dated April 1, 2025 is
available at https://urlcurt.com/u?l=XGEeIf from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Adrienne Woods, Esq.
     WEINBERG ZAREH MALKIN PRICE LLP
     45 Rockefeller Plaza, 20th Floor
     New York, NY 10111
     Phone: (212) 899-5470
     Email: awoods@wzmplaw.com
     
                  About Dueto of Second Avenue

Dueto of Second Avenue Inc. owns and operates a hair salon.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 24-10708) on April 25,
2024, with $51,666 in assets and $1,234,840 in liabilities.

Adrienne Woods, Esq. at WZMP WEINBERG ZAREH MALKIN PRICE LLP
represents the Debtor as legal counsel.


E.L. SERVICES: Court Extends Cash Collateral Access to July 30
--------------------------------------------------------------
E.L. Services, Inc. got the green light from the U.S. Bankruptcy
Court for the Northern District of California to use cash
collateral.

The order signed by Judge William Lafferty, authorized the
company's interim use of cash collateral until July 30 or until
confirmation of a plan of reorganization, whichever is earlier.

The next hearing is scheduled for July 16.

                     About E.L. Services Inc.

E.L. Services, Inc. is a landscape and maintenance company located
in Dublin, Calif.

E.L. Services filed Chapter 11 petition (Bankr. N.D. Calif. Case
No. 21-41087) on August 25, 2021, listing between $50,000 and
$100,000 in assets and between $1 million and $10 million in
liabilities. The petition was signed by Steven P. Baca, general
manager.

Judge William J. Lafferty oversees the case.

The Debtor is represented by:

   Chris D. Kuhner, Esq.
   Kornfield Nyberg Bendes Kuhner & Little
   Tel: 510-763-1000
   Email: c.kuhner@kornfieldlaw.com


ELDER'S GRINDING: Hires Nardone Law Firm PLLC as Counsel
--------------------------------------------------------
Elder's Grinding & Recycling, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to
employ Nardone Law Firm, PLLC as bankruptcy counsel.

The firm will render these services:

     (a) provide legal advice concerning the responsibilities as a
chapter 11 debtor-in-possession and the continued management of the
its business;

     (b) negotiate, prepare, and pursue confirmation of a chapter
11 plan and approval of disclosure statement, and all related
reorganization agreements and/or documents;

     (c) prepare all necessary motions, applications, reports,
orders, objections and the like associated with prosecuting the
chapter 11 case;

     (d) preparation and the appearance in Bankruptcy Court to
protect the Debtor's best interests;

     (e) preform all other legal services for the Debtor which may
become necessary in this chapter 11 case; and

     (f) prosecute and defend the Debtor in all adversary
proceedings related to the base case.

The firm will be paid at these rates:

     Kristen S. Nardone   $450 per hour
     Paralegal            $100 per hour

Ms. Nardone disclosed in court filings that she and her firm are
"disinterested" as defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Kristen Scott Nardone, Esq.
     Nardone Law, PLLC
     241 Church St. NE
     Concord, NC 28025
     Tel: (704) 784-9440
     Fax: (980) 781-5867
     E-mail: kristen@nardonelawfirm.com
     E-mail: kristen@davisnardone.com

              About Elder's Grinding & Recycling, Inc.

Elder's Grinding & Recycling, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D.N.C. Case No. 25-30366) on April 15, 2025. The
Debtor hires Nardone Law Firm, PLLC as bankruptcy counsel.


ELDER'S GRINDING: Seeks to Hire Sarah Funk as Bookkeeper
--------------------------------------------------------
Elder's Grinding & Recycling, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to
employ Sarah Funk as bookkeeper.

Ms. Funk will continue to perform bookkeeping services required by
the estate.

Ms. Funk will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Ms. Funk 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.

              About Elder's Grinding & Recycling, Inc.

Elder's Grinding & Recycling, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D.N.C. Case No. 25-30366) on April 15, 2025. The
Debtor hires Nardone Law Firm, PLLC as bankruptcy counsel.




ELEGANZA TILES: Has Deal on Cash Collateral Access
--------------------------------------------------
Eleganza Tiles, Inc. asked the U.S. Bankruptcy Court for the
Central District of California, Santa Ana Division, for authority
to use cash collateral, in accordance with its agreement with the
U.S. Small Business Administration.

The parties agreed that the Debtor may continue using cash
collateral and provide adequate protection for an additional 120
days, through August 21.

The Debtor filed a voluntary Chapter 11 bankruptcy petition on
March 2, and a motion for the use of cash collateral was submitted
on March 4. The court approved the motion on March 7, granting the
Debtor the use of cash collateral on an interim basis through April
23.

A copy of the stipulation is available at
https://urlcurt.com/u?l=gchDk6 from PacerMonitor.com.

                       About Eleganza Tiles Inc.

Eleganza Tiles Inc. is a distributor of ceramic, porcelain, and
glass tiles throughout North America, catering to both residential
and commercial markets. The Company's diverse offerings encompass
European cabinetry, luxurious bathroom fixtures, and innovative
countertops, designed to inspire and meet the needs of designers,
architects, builders, and homeowners.

Eleganza Tiles Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10535) on March 2,
2025. In its petition, the Debtor reports estimated assets between
$500,000 and $1 million and estimated liabilities between $1
million and $10 million.

Honorable Bankruptcy Judge Scott C. Clarkson handles the case.

The Debtor is represented by Jeffrey B. Smith, Esq. at CURD,
GALINDO & SMITH, LLP.





EMILY L. LONGWITH: Unsecureds Will Get 4.07% over 5 Years
---------------------------------------------------------
Emily L. Longwith, DDS, MSD, PLLC and affiliates filed with the
U.S. Bankruptcy Court for the Southern District of Texas a First
Amended Plan of Reorganization dated April 1, 2025.

Emily L. Longwith, DDS, MSD, PLLC, et al. started operations in
January 2022 after purchasing the practice from a former
orthodontist operating in the Harris County location. Debtors'
operations are an orthodontics and dental practice.

After purchasing the practice, Debtors sales never materialized to
the levels expected based on sales date from the prior
orthodontist. Debtors elected to file a chapter 11 reorganization
as the best means to resolve the current liabilities of the company
and determine the secured portions of those creditors.

The Debtors filed this case on August 29, 2024. Debtors propose to
pay allowed unsecured based on the liquidation analysis and cash
available. Debtors anticipate having enough business and cash
available to fund the plan and pay the creditors pursuant to the
proposed plan. Production continues to show signs of improvement
with a 69% increase from March 2024 through February 2025 compared
to production from March 2023 to February 2024.

The Debtors will continue operating its business. The Debtors' Plan
will break the existing claims into six classes of Claimants. These
claimants will receive cash repayments over a period of time
beginning on or after the Effective Date.

Class 5 consist of Allowed Unsecured Claims. All allowed unsecured
creditors shall receive a pro rata distribution at zero percent per
annum over the next five years according to the projections.
Creditors shall receive quarterly disbursements based on the
projection distributions of each 12-month period with the first
quarterly payment shall be due 90 days after the Effective Date.

The Debtors will distribute $27,787.44 to the general allowed
unsecured creditor pool over the 5-year term of the plan, including
the under-secured claim portions. The Debtors' General Allowed
Unsecured Claimants will receive 4.07% of their allowed claims
under this plan. Any potential rejection damage claims from
executory contracts that are rejected in this Plan will be added to
the Class 5 unsecured creditor pool and will be paid on a pro rata
basis. The allowed unsecured claims total $682,354.61.

Class 6 consists of Equity Interest Holders (Current Owners). The
current owners will receive no payments under the Plan; however,
they will be allowed to retain ownership in the Debtors.

The Debtors anticipate the continued operations of the business to
fund the Plan.

A full-text copy of the First Amended Plan dated April 1, 2025 is
available at https://urlcurt.com/u?l=UPXwMa from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Robert C. Lane, Esq.
     Lane Law Firm, PLLC
     6200 Savoy, Suite 1150
     Houston, TX 77036
     Tel: (713) 595-8200
     Fax: (713) 595-8201
     Email: notifications@lanelaw.com

               About Emily L. Longwith, DDS, MSD, PLLC

Emily L. Longwith, DDS, MSD, PLLC is a dental practice specializing
in orthodontics, led by Dr. Emily L. Longwith. The practice focuses
on providing comprehensive orthodontic care, including traditional
braces, clear aligners, and other dental treatments to improve
patients' oral health and smiles.

Emily L. Longwith, DDS, MSD, PLLC, filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Tex. Case No. 24-33979) on August 29, 2024.
The Debtor hired Lane Law Firm PLLC as counsel.


ENDO INTERNATIONAL: Court Tosses Taylor Adversary Proceeding
------------------------------------------------------------
The Honorable James L. Garrity, Jr. of the United States Bankruptcy
Court for the Southern District of New York dismissed without
prejudice the adversary proceeding captioned as Tad Taylor,
Plaintiff, v. Edgar C. Gentle, Esq., Trustee and Claims
Administrator Endo Opioid Personal Injury Trust and Endo NAS
Personal Injury Trust, and Kroll Restructuring Administration LLC,
Defendants, Adv. P. No. 24-07037 (JLG) (Bankr. S.D.N.Y.).

In this adversary proceeding, Tad Taylor, acting pro se, seeks $4.4
million in compensatory and punitive damages caused by the alleged
fraud of Kroll Restructuring Administration, LLC, the Debtors'
claims agent, and Edgar C. Gentle, III, the Trustee and Claims
Administrator for the Endo Opioid Personal Injury Trust and Endo
NAS Person Injury Trust. Plaintiff says that they defrauded him by
allegedly excluding him from participating in an alleged bankruptcy
claims settlement with Endo Pharmaceuticals, Inc., a debtor herein.


On Oct. 23, 2024, Plaintiff commenced this adversary proceeding by
filing his complaint in the United States District Court for the
Southern District of New York. Thereafter, the District Court
referred the adversary proceeding to the Bankruptcy Court. The
Clerk of the Bankruptcy Court has not issued a summons for the
Complaint, and Plaintiff has not paid the filing fee. Plaintiff
purports to have mailed a copy of the Complaint (without a summons)
to each Defendant.

The matter before the Bankruptcy Court is its Show Cause Order
directing Plaintiff to demonstrate why it should not dismiss the
adversary proceeding pursuant to Rule 41(b) of the Federal Rules of
Civil Procedure for failure to prosecute the action. Plaintiff's
failure to serve a summons and the Complaint on the Defendants
precipitated the Bankruptcy Court's issuance of the Show Cause
Order. Plaintiff did not respond to the Show Cause Order. The
Bankruptcy Court conducted a hearing on the order. Plaintiff
appeared telephonically and was heard at the hearing.

Rule 4(m) mandates that a summons and complaint be served within
ninety days after the complaint is filed.

According to the Bankruptcy Court, Plaintiff is in breach of Rule
4(m), as he has not served a summons and complaint on either
Defendant, and the ninety-day window in which to effect such
service is closed. In addressing the Show Cause Order, the Court
will apply standards applicable to Rule 4(m), not Rule 41(b)
because Rule 4(m) specifically addresses failure to effect proper
service within a time limit, while Rule 41(b) is a more general
catchall provision.

The Bankruptcy Court finds that Rule 4(m), not Rule 41(b), provides
the appropriate standard for addressing Plaintiff's failure to
prosecute this adversary proceeding. In applying Rule 4(m) to this
matter, the Bankruptcy Court dismisses the Complaint without
prejudice. If Plaintiff elects to refile the Complaint, he must
file it in the Bankruptcy Court, cause the Clerk to issue a
summons, and timely serve the summons and Complaint on each
Defendant in accordance with the rules governing service of process
in adversary proceedings. Plaintiff must also pay the filing fee,
or arrange for a waiver of the fee.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=RjO8Zb from PacerMonitor.com.

                  About Endo International PLC

Endo International plc (OTC: ENDPQ) is a generics and branded
pharmaceutical company. It develops, manufactures, and sells
branded and generic products to customers in a wide range of
medical fields, including endocrinology, orthopedics, urology,
oncology, neurology, and other specialty areas. On the Web:
http://www.endo.com/       

Endo International and certain of its subsidiaries initiated
voluntary prearranged Chapter 11 proceedings (Bankr. S.D.N.Y. Lead
Case No. 22-22549) on Aug. 16, 2022.

On May 25, 2023, Operand Pharmaceuticals Holdco II Limited and
Operand Pharmaceuticals Holdco III Limited each filed a voluntary
Chapter 11 petition also in the U.S. Bankruptcy Court for the
Southern District of New York. On May 31, 2023, Operand
Pharmaceuticals II Limited and Operand Pharmaceutical III Limited
each filed a voluntary Chapter 11 petition also in the Southern
District of New York.

The Company's cases are jointly administered before the Honorable
James L. Garrity, Jr.

Endo initiated the financial restructuring process after reaching
an agreement with a group of its senior debtholders on a
transaction that would substantially reduce outstanding debt,
address remaining opioid and other litigation-related claims, and
best position Endo for the future. This would allow the Company to
advance its ongoing business transformation from a strengthened
financial position to create compelling value for its stakeholders
over the long term.

Endo's India-based entities are not part of the Chapter 11
proceedings. The Company has filed recognition proceedings in
Canada and expects to file similar proceedings in the United
Kingdom and Australia.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom, LLP as
legal counsel; PJT Partners, LP as investment banker; and Alvarez &
Marsal North America, LLC as financial advisor. Kroll Restructuring
Administration, LLC, is the claims agent and administrative
advisor. A Website dedicated to the restructuring is at
http://www.endotomorrow.com/        

Roger Frankel, the legal representative for future claimants in the
Chapter 11 cases, tapped Frankel Wyron LLP and Young Conaway
Stargatt & Taylor, LLP, as legal counsels, and Ducera Partners,
LLC, as investment banker.


ENDO INTERNATIONAL: Plan Administrator's Claim Objection Sustained
------------------------------------------------------------------
The Honorable James L. Garrity, Jr. of the United States Bankruptcy
Court for the Southern District of New York sustained the fourth
omnibus objection of Patrick J. Bartels, the Plan Administrator of
the remaining debtors of Endo International plc and its Debtor
affiliates, to certain claims.

The Plan Administrator is seeking the entry of an order pursuant to
sections 105(a), 502, and 558 of title 11 of the United States
Code, and rule 3007 of the Federal Rules of Bankruptcy Procedure,
disallowing and expunging, modifying, or reclassifying certain (i)
amended claims listed on Exhibit 1 to the Proposed Order; (ii)
modified amount and priority claims listed on Exhibit 2 to the
Proposed Order; (iii) no liability claims listed on Exhibit 3 to
the Proposed Order; (iv) certain claims of certain distributors,
manufacturers, and pharmacies based on liabilities that have been
released or subordinated as provided in a Court
approved stipulation, listed on Exhibit 4 to the Proposed Order;
and (v) claims to be reclassified from secured or priority claims
to general unsecured claims listed on Exhibit 5 to the Proposed
Order.

The Plan Administrator submitted the declaration of Erin McKeighan
in support of the Objection.

The Court conducted a hearing on the Objection.

Amended Claims

The Plan Administrator correctly contends that, as a technical
matter, the Amended Claims remain on the Claims Register as
outstanding liabilities until withdrawn by the Claimants or
disallowed by the Court. Accordingly, those claims remain potential
liabilities of the Debtors that either duplicate amounts included
in the "Remaining Claims" or are no longer asserted as outstanding
liabilities by the Claimants.

The Plan Administrator has refuted the prima facie validity and/or
priority status of the of the Modified Amount and Priority Claims.
No Claimant has attempted to establish the validity and/or priority
status of any such claim. The Court finds that the Claimants
holding Amended Claims will not be prejudiced by having their
claims disallowed and expunged because their Remaining Claims will
remain on the Claims Register after the corresponding Amended
Claims are disallowed. Accordingly, the Court sustains the
objection to the Amended Claims and disallows and expunges the
Amended Claims, subject to the Plan Administrator's further
objections on any other ground to the Remaining Claims.

Modified Amount and Priority Claims

The Plan Administrator has refuted the prima facie validity and/or
priority status of the of the Modified Amount and Priority Claims.
No Claimant has attempted to establish the validity and/or priority
status of any such claim. Accordingly, the Court sustains the
objection to the Modified Amount and Priority Claims and modifies
and reclassifies the Modified Amount and Priority Claims subject to
the Plan Administrator's further objections on any other ground to
the Modified Amount and Priority Claims.

No Liability Claims

The undisputed evidence demonstrates that each of the No Liability
Claims fails to allege facts demonstrating that the Debtor is
liable for the claim status as asserted. Moreover, it is undisputed
that the Plan Administrator and his advisors have examined each of
the No Liability Claims and that there is insufficient evidence in
the record to verify the existence or amount of an underlying claim
against the Debtors.

The Court finds that the failure to disallow the No Liability
Claims will result in the applicable Claimant receiving an
unwarranted recovery to the detriment of the Debtors and other
creditors in these Chapter 11 Cases. Accordingly, the Court
sustains the Plan Administrator's objection to the No Liability
Claims and disallows and expunges those claims in their entirety
subject to the Plan Administrator's further objections on any other
ground to the No Liability Claims.

DMP Claims

The Plan Administrator has determined, in accordance with the
Fourth Amended Plan, the DMP Claims should be reclassified from
secured claims to Class 10: Settling Co-Defendant Claims. The Plan
Administrator states that, pursuant to the Fourth Amended Plan,
such claims have been released or subordinated, as applicable, in
accordance with the Stipulation.

No Claimant has attempted to establish the validity and/or
classification of any such claim. The Court finds that the
Claimants holding the DMP Claims will not be prejudiced by having
the DMP Claims reclassified, in accordance with the Stipulation.
Moreover, if the DMP Claims are not formally modified, those
Claimants may receive a better recovery than other similarly
situated creditors, even though such recovery is not warranted.
Accordingly, the Court sustains the objection to the DMP Claims and
reclassifies the DMP Claims subject to the Plan Administrator's
further objections on any other ground to the DMP Claims.

Reclassified Claims

The Plan Administrator asserts that, if the Reclassified Claims are
not formally modified as requested herein, it could result in such
Claimants receiving a better recovery than other similarly situated
creditors, even though such recovery is not warranted.  

The Plan Administrator has refuted the prima facie validity and/or
classification of the Reclassified Claims. Based on the record, the
Plan Administrator shows that the Reclassified
Claims are not entitled to priority or secured status. No Claimant
has attempted to establish the classification of any such claim.
Claimants seeking priority status have the burden of proving
entitlement to administrative priority.  Given the presumption in
bankruptcy cases that the debtor's assets will be equitably
distributed among creditors, the statute granting priority status
is narrowly construed because priority claims reduce the total
funds available for claimants. The Court routinely sustains
objections to claims' priority status. Accordingly, the Court
sustains the objection to the Reclassified Claims and reclassifies
such claims subject to the Plan Administrator's further objections
on any other ground to the Reclassified Claims.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=tSCFF5 from PacerMonitor.com.

Counsel to the Plan Administrator Patrick J. Bartels:

Brian P. Maloney, Esq.
Catherine V. LoTempio, Esq.
SEWARD & KISSEL LLP
One Battery Park Plaza
New York, NY 10004
Phone: (212) 574-1200
Fax: (212) 480-8421
E-mail: maloney@sewkis.com
        lotempio@sewkis.com

                  About Endo International PLC

Endo International plc (OTC: ENDPQ) is a generics and branded
pharmaceutical company. It develops, manufactures, and sells
branded and generic products to customers in a wide range of
medical fields, including endocrinology, orthopedics, urology,
oncology, neurology, and other specialty areas. On the Web:
http://www.endo.com/       

Endo International and certain of its subsidiaries initiated
voluntary prearranged Chapter 11 proceedings (Bankr. S.D.N.Y. Lead
Case No. 22-22549) on Aug. 16, 2022.

On May 25, 2023, Operand Pharmaceuticals Holdco II Limited and
Operand Pharmaceuticals Holdco III Limited each filed a voluntary
Chapter 11 petition also in the U.S. Bankruptcy Court for the
Southern District of New York. On May 31, 2023, Operand
Pharmaceuticals II Limited and Operand Pharmaceutical III Limited
each filed a voluntary Chapter 11 petition also in the Southern
District of New York.

The Company's cases are jointly administered before the Honorable
James L. Garrity, Jr.

Endo initiated the financial restructuring process after reaching
an agreement with a group of its senior debtholders on a
transaction that would substantially reduce outstanding debt,
address remaining opioid and other litigation-related claims, and
best position Endo for the future. This would allow the Company to
advance its ongoing business transformation from a strengthened
financial position to create compelling value for its stakeholders
over the long term.

Endo's India-based entities are not part of the Chapter 11
proceedings. The Company has filed recognition proceedings in
Canada and expects to file similar proceedings in the United
Kingdom and Australia.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom, LLP as
legal counsel; PJT Partners, LP as investment banker; and Alvarez &
Marsal North America, LLC as financial advisor. Kroll Restructuring
Administration, LLC, is the claims agent and administrative
advisor. A Website dedicated to the restructuring is at
http://www.endotomorrow.com/        

Roger Frankel, the legal representative for future claimants in the
Chapter 11 cases, tapped Frankel Wyron LLP and Young Conaway
Stargatt & Taylor, LLP, as legal counsels, and Ducera Partners,
LLC, as investment banker.



ENVIROSCENT INC: Exit Financing or Sale Proceeds to Fund Plan
-------------------------------------------------------------
Enviroscent, Inc. filed with the U.S. Bankruptcy Court for the
Northern District of Georgia a Disclosure Statement for Plan of
Reorganization dated April 2, 2025.

The Debtor is a Delaware corporation registered to do business in
Georgia which operates as a producer of nontoxic, patent protected,
sustainable air care products. Debtor operates in the
direct-to-consumer market as well as the private label market.

Prior to the Petition Date, Debtor was facing a cash flow shortage
due to outstanding balances owed and payments made on account of
such antecedent debt to the Debtor's overseas manufacturer and
freight forwarder. Debtor filed this bankruptcy case to either sell
its assets or find financing to continue to operate as a going
concern.

The Plan contemplates the reorganization and ongoing business
operations of Debtor and the resolution of the outstanding Claims
against and Interests in Debtor pursuant to Sections 1129(b) and
1123 of the Bankruptcy Code. The Plan classifies all Claims against
and Interests in Debtor into separate Classes.

Class 5 consists of General Unsecured Claims. The Debtor will pay
the Holders of Class 5 General Unsecured Claims in accordance with
the Plan Payment Procedures set forth in Section 4.8 of the Plan.
The Class 5 Claims are Impaired by the Plan and the holders of the
Class 5 Claims are entitled to vote to accept or reject the Plan.

Class 6 consists of Interest Claims. If the Class 6 General
Unsecured Creditors vote to accept the Plan as a class, then the
current shareholders shall retain 100% of the interest in the
Debtor. If the Class 6 Unsecured Creditors do not vote to accept
the Plan, as a class, then the following terms shall apply:

     * All pre-petition Interests in Debtor shall be cancelled and
in that event third parties may be able to purchase the equity
interest of the Debtor by appearing at the Confirmation Hearing and
submitting a higher bid for the equity interests. The requirements
for and validity and sufficiency of any such competing bid shall be
subject to the approval and review of the Court.

The source of funds for the payments pursuant to the Plan will
either be: (i) the sale of the assets of the Debtor including the
Patents or (ii) outside investment from third parties in the form
of exit financing or equity.  

Creditor Payments will be paid in satisfaction of Debtor's
obligations to holders of Claims as set for the below. The Class 3
Secured Claim will be paid in full as set forth in Class 3 of the
Plan. The Class 4 Secured Claim will be paid in full, as
applicable, as set forth in Class 4 of the Plan. Debtor is actively
seeking a buyer for the Patents and, in the alternative, seeking to
raise funds to continue operating as a going concern.

The Creditors Payments shall be disbursed as follows:

If from the sale of the Patents, then

     * First, in the amount necessary to pay then outstanding
balance of the Allowed Class 3 Secured Claims and Allowed Class 4
Secured Claim in full; then

     * Second, upon payment in full of the Allowed Class 3 Secured
Claims and Allowed Class 4 Secured Claim, the balance of the
Creditor Payments will be distributed to any Allowed Administrative
Expense Claim until paid in full pro-rata based on a fraction the
numerator of which is the particular Allowed Administrative Expense
Claim and the denominator of which is all Allowed Administrative
Expense Claims. Debtor anticipates and projects the administrative
expense of Jones & Walden LLC, as counsel to the Debtor; then

     * Third, upon payment in full of the Allowed Class 3 Secured
Claims, Allowed Class 4 Secured Claim, and Allowed Administrative
Expenses Claims, then the Creditor Payments shall be distributed to
Holders of Allowed Priority Claims, including holders of Priority
Tax Claims, pro-rata based on a fraction the numerator of which is
the particular Allowed Priority Claim and the denominator of which
is all Allowed Priority Claims, with interest accruing on the
principal balance of said claim at the rate required by Section 511
of the Bankruptcy Code from the Effective Date to the date of
payment, then

     * Fourth, upon payment in full of the Allowed Class 3 Secured
Claims, Allowed Class 4 Secured Claim, Allowed Administrative
Expenses Claims, Allowed Priority Tax Claims then Creditor Payments
shall be distributed to holders of Class 5 General Unsecured Claims
pro-rata based on a fraction the numerator of which is the
particular Allowed Class 5 General Unsecured Claim and the
denominator of which is all Allowed Class 5 General Unsecured
Claims.

If from the sale of the assets other than the Patent, then

     * First, in the amount necessary to pay the outstanding
balance of the Allowed Class 4 Secured Claim in full; then

     * Second, upon payment in full of the Allowed Class 4 Secured
Claim, the balance of the Creditor Payments will be distributed to
any Allowed Administrative Expense Claim until paid in full pro
rata based on a fraction the numerator of which is the particular
Allowed Administrative Expense Claim and the denominator of which
is all Allowed Administrative Expense Claims. Debtor anticipates
and projects the administrative expense of Jones & Walden LLC, as
counsel to the Debtor; then

     * Third, upon payment in full of the Allowed Class 3 Secured
Claims, and Allowed Administrative Expenses Claims, then the
Creditor Payments shall be distributed to Holders of Allowed
Priority Claims, including holders of Priority Tax Claims, pro rata
based on a fraction the numerator of which is the particular
Allowed Priority Claim and the denominator of which is all Allowed
Priority Claims, with interest accruing on the principal balance of
said claim at the rate required by Section 511 of the Bankruptcy
Code from the Effective Date to the date of payment, then

     * Fourth, upon payment in full of the Allowed Class 3 Secured
Claims, Allowed Administrative Expenses Claims, Allowed Priority
Tax Claims then Creditor Payments shall be distributed to holders
of Class 5 General Unsecured Claims pro-rata based on a fraction
the numerator of which is the particular Allowed Class 5 General
Unsecured Claim and the denominator of which is all Allowed Class 5
General Unsecured Claims provided that only for purposes of a sale
of assets other than Patents, the Class 3 Secured Claims shall be
treated as a Class 5 General Unsecured Claim for the amount of
their then outstanding principal balance.

A full-text copy of the Disclosure Statement dated April 2, 2025 is
available at https://urlcurt.com/u?l=jSN6dN from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Cameron M. McCord, Esq.
     Jones & Walden LLC
     699 Piedmont Ave. NE
     Atlanta, GA 30308
     Tel: (404) 564-9300
     Email: cmccord@joneswalden.com

                       About Enviroscent Inc.

Enviroscent, Inc. is a Delaware corporation registered to do
business in Georgia which operates as a producer of nontoxic,
patent protected, sustainable air care products.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-62804) on December 3,
2024. In the petition signed by Kevin Coen, chief executive
officer, the Debtor disclosed up to $50 million in assets and up to
$10 million in liabilities.

Judge Jeffery W. Cavender oversees the case.

Cameron M. McCord, Esq., at Jones and Walden, LLC, is the Debtor's
legal counsel.


EQM MIDSTREAM: Moody's Withdraws 'Ba2' Corporate Family Rating
--------------------------------------------------------------
Moody's Ratings withdrew EQM Midstream Partners, LP's (EQM) ratings
following the completion of an exchange offer by EQT Corporation
(EQT, Baa3 negative). Withdrawn EQM's ratings included its Ba2
Corporate Family Rating, Ba2-PD Probability of Default Rating and
its Ba2 senior unsecured notes rating. The outlook prior to the
withdrawal was stable.

RATINGS RATIONALE

Nearly all of EQM's senior notes were exchanged for senior notes
issued by EQT, with less than $100 million of total EQM senior
notes left outstanding. EQM will no longer provide standalone
audited financial statements. Concurrent with the exchange offer,
EQM solicited and received the requisite consents from its note
holders to amend certain covenants, including eliminating separate
financial reporting requirements for EQM.

Moody's have decided to withdraw the rating(s) because Moody's
believes Moody's have insufficient or otherwise inadequate
information to support the maintenance of the rating(s).

Pittsburgh, PA-based EQT Corporation is a publicly traded
independent exploration and production company focused in the
Appalachian Basin in the US. EQM is a wholly-owned subsidiary of
EQT that owns and operates interstate pipelines and gathering lines
in southwestern Pennsylvania, West Virginia, and southeastern Ohio.


ES PARTNERS: Hires Brian K. McMahon P.A. as Counsel
---------------------------------------------------
ES Partners, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to employ Brian K. McMahon, P.A.
as counsel.

The firm will render these services:

     (a) advise the Debtor with respect to its powers and duties;

     (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 interest of the Debtor in all matters pending
before the court; and

     (e) represent the Debtor in negotiation with its creditors in
the preparation of a plan.

Brian McMahon, Esq., the primary attorney in this representation,
will be paid at his hourly rate of $450.

The firm received from the Debtor the amount of $9,500 to proceed
with the bankruptcy case.

In addition, the firm will seek reimbursement for expenses
incurred.

Mr. McMahon 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:

    Brian K. McMahon, Esq.
    Brian K. McMahon, PA
    1401 Forum Way, Suite 730
    West Palm Beach, FL 33401
    Tel: (561) 478-2500
    Fax: (561) 478-3111
    Email: briankmcmahon@gmail.com

              About ES Partners, Inc.

ES Partners, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No.  25-14211-MAM) on April
17, 2025. In the petition signed by Steven M. Easton, CEO, the
Debtor disclosed up to $1 million in assets and up to $10 million
in liabilities.

Judge Mindy A. Mora oversees the case.

Brian K. McMahon, Esq., at Brian K. McMahon, PA, represents the
Debtor as legal counsel.

Truist Bank, as lender, is represented by:

     Jay B. Verona, Esq.
     SHUMAKER, LOOP & KENDRICK, LLP
     101 E. Kennedy Blvd., Suite 2800
     Tampa, Florida 33602
     Tel: (813) 229-7600
     Fax: (813) 229-1660
     Email: jverona@shumaker.com


EXACTECH INC: Committee Objects to Chapter 11 Voting Materials
--------------------------------------------------------------
Yun Park of Law360 reports that the official committee of unsecured
creditors in Exactech Inc.'s Chapter 11 proceedings told a Delaware
bankruptcy judge that the solicitation packages sent to tort
claimants breach court-approved procedures by mandating the
submission of five individual ballots for their votes to be
counted.

                        About Exactech, Inc.

Exactech Inc. -- https://www.exac.com/ -- is a joint-replacement
implant manufacturer owned by TPG Capital.

Exactech Inc. and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-12441) on Oct.
29, 2024.  In the petition filed by Donna H. Edwards, as general
counsel and senior vice president, Exactech estimated assets and
liabilities between $100 million and $500 million each.

Young Conaway Stargatt & Taylor, LLP serves as as co-counsel to the
Debtors.  Riveron Management Services, LLC, is the Debtors' chief
restructuring officer.  Centerview Partners LLC is the investment
banker. Kroll Restructuring Administration LLC is the claims agent
and administrative advisor.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors. Brown Rudnick LLP is the Committee's
counsel.



FAMILY SOLUTIONS: Creditors to Get Proceeds From Liquidation
------------------------------------------------------------
The Chapter 11 Trustee, George F. Sanderson, III, submitted a First
Amended Disclosure Statement describing Amended Plan of
Reorganization for Family Solutions of Ohio, Inc. dated April 2,
2025.

The Debtor is an Ohio corporation, registered as a non-profit under
the laws of Ohio, and duly registered with the North Carolina
Secretary of State to conduct business in the state of North
Carolina.

The Debtor's corporate headquarters is located in Wake Forest,
North Carolina, and the Debtor operates offices in Cincinnati,
Columbus, and Bedford Heights, Ohio. The Debtor provides a variety
of behavioral health care services to both children and adults,
including outpatient treatment, psychosocial rehabilitation
services, psychiatric evaluation, crisis intervention services and
community integration services.

Since filing, the Debtor has complied with all local Bankruptcy
Rule 4002 requirements. The intake conference with the Bankruptcy
Administrator was held on September 26, 2024 and the 341 Meeting of
Creditors was held on October 7, 2024. The 11(a) status conference
was held telephonically on October 8, 2024. The Trustee has
determined in his analysis that a liquidating plan will provide the
greatest return to creditors and is in the best interests of the
Estate.

The Trustee's Amended Plan of Reorganization is based upon the
Trustee's belief that the interests of creditors will be best
served if the Debtor is allowed to first market and sell its Ohio
operation as a going concern and other estate assets at fair market
value and use the Liquidation Proceeds from such sale(s) to
maximize the value for the benefit of all creditors of the Estate.
In the event the Trustee is unable to sell the Estate's operation
as a going concern, then he reserves the right to winddown
operations and liquidate any and all remaining assets in his sole
discretion.

The Estate will pay the administrative costs upon such mutually
acceptable terms as the parties may agree from the Liquidation
Proceeds and as set forth more fully herein.

Any and all priority taxes due and owing to the Internal Revenue
Service, N.C. Department of Revenue, North Carolina Department of
Revenue, Ohio Department of Revenue or any county or city taxing
authority, shall be paid from the Liquidation Proceeds. Any valid
ad valorem taxes shall be paid in full from the Liquidation
Proceeds.

The Debtor will treat the secured claims of AgCarolina Farm Credit,
ACA, Cadence Bank, First Horizon Bank, Truist Bank, U.S. Small
Business Administration ("U.S. SBA") and Wells Fargo Equipment
Finance.

The total of estimated unsecured claims is approximately
$3,079,815. In accordance with the liquidation analysis, the Estate
anticipates paying a dividend to allowed unsecured claim holders
from the Liquidation Proceeds.

Class XIII consists of all allowed, undisputed, noncontingent
unsecured claims listed in the Debtor's Schedules or as otherwise
approved by the Court, other than claims of merchant cash advance
("MCA") lenders (collectively, the "General Unsecured Non-MCA
Claims"). The Debtor intends to market and sell its assets and
shall make distributions to members of this class on a pro rata
basis from any Liquidation Proceeds, following payment of all
senior classes of creditors. This class shall also receive any
surplus recoveries from Chapter 5 actions, following payment of all
senior classes of creditors. This class will be impaired.

Class XIV consists of all allowed, undisputed, noncontingent
unsecured claims of MCA lenders (the "General Unsecured MCA
Claims"). The Debtor intends to file claim objections, adversary
proceedings and/or claim avoidance actions (the "MCA Actions")
against any MCA lenders that file or assert claims. Following the
final resolution of all MCA Actions, the Debtor shall make
distributions to members of this class as provided herein. The
Debtor intends to market and sell its assets and shall make
distributions to members of this class on a pro rata basis from any
Liquidation Proceeds, following payment of all senior classes of
creditors. This class shall also receive pro rata distributions
from any surplus recoveries from Chapter 5 actions, following
payment of all senior classes of creditors. This class will be
impaired.

The Trustee shall market and sell all of the Debtor's assets
through one or more sales, including all real property and personal
property (other than assets being surrendered), free and clear of
all liens, claims, encumbrances and interests with such liens,
claims, encumbrances, and interests to attach to the proceeds of
sale in accordance with Bankruptcy Code priorities.

The Trustee will use his best efforts to promptly obtain and
consummate one or more sales of the Debtor's assets, and may employ
one or more auctioneers and/or licensed real estate brokers subject
to court approval. The marketing and sale of the Debtor's assets
shall be conducted in a manner that maximizes value for all
creditors and results in the realization of fair market value.

The Liquidation Proceeds shall be distributed as follows:

     * First, to pay all costs of sale or collection, associated
quarterly fees, and Section 506(c) of the Bankruptcy Code expenses
approved by the Court;

     * Second, to allowed administrative expenses, including
reservation for capital gains taxes generated by the sale of the
Debtor's assets;

     * Third, the net proceeds remaining after the distributions
described above shall be used to satisfy the claims of secured
creditors holding liens against Estate property in accordance with
applicable Bankruptcy Code priorities;

     * Fourth, the net proceeds remaining after the distribution
described above shall be used to satisfy unsecured priority
claims;

     * Fifth, the net proceeds remaining after the distributions
described above shall be distributed to holders of General
Unsecured Non-MCA Creditors, pro rata, up to the full amount of
such allowed claims;

     * Sixth, the net proceeds remaining after the distributions
described above shall be distributed to holders of General
Unsecured MCA Creditors, pro rata, up to the full amount of such
allowed claims; and

     * Seventh, the net proceeds remaining after the distributions
described above shall be distributed to the Equity Security
Holder.

A full-text copy of the First Amended Disclosure Statement dated
April 2, 2025 is available at https://urlcurt.com/u?l=XwbbHJ from
PacerMonitor.com at no charge.

Counsel for the Chapter 11 Trustee:

     HENDREN, REDWINE MALONE, PLLC
     Jason L. Hendren, Esq.
     Rebecca Redwine Grow, Esq.
     Benjamin E.F.B. Waller, Esq.
     Lydia C. Stoney, Esq.
     4600 Marriott Drive, Suite 150
     Raleigh, NC 27612
     Telephone: (919) 573-1422
     Facsimile: (919) 420-0475
     Email: jhendren@hendrenmalone.com
            rredwine@hendrenmalone.com
            bwaller@hendrenmalone.com
            lstoney@hendrenmalone.com

                   About Family Solutions of Ohio

Family Solutions of Ohio, Inc. in Wake Forest, NC, filed its
voluntary petition for Chapter 11 protection (Bankr. E.D.N.C. Case
No. 24-03043) on Sept. 5, 2024, listing as much as $1 million to
$10 million in both assets and liabilities. John Hopkins, Jr., vice
president, signed the petition.

Judge Pamela W. McAfee oversees the case.

Hendren, Redwine & Malone, PLLC serves as the Debtor's counsel.

George Sanderson III was appointed as trustee appointed in this
Chapter 11 case. The trustee tapped The Sanderson Law Firm, PLLC
and Hendren, Redwine & Malone, PLLC as bankruptcy counsel and
Calfee, Halter & Griswold LLP as special purpose counsel.


FEEDEX COMPANIES: Hires McCurdy Real Estate as Auctioneer
---------------------------------------------------------
Feedex Companies LLC seeks approval from the U.S. Bankruptcy Court
for the District of Kansas to employ McCurdy Real Estate & Auction
as auctioneer.

The firm will auction the real estate of the Debtor.

The firm will be paid a commission of 10 percent of the final bid
price in the auction, and $7,500 for advertising and marketing.

As 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 at:

     Isaac Klingman
     McCurdy Real Estate & Auction
     12041 E 13th St N
     Wichita, KS 67206
     Tel: (316) 867-3600

              About Feedex Companies LLC

Feedex Companies, LLC is a livestock feed producer in Hutchinson,
Kansas, offering a variety of specially formulated feed products
including cattle feed, calf feed, and chicken feed. It also offers
mill construction, nutrition consultation, and horizontal steam
conditioner services to meet the specific needs of its customers'
operation.

Feedex Companies filed Chapter 11 petition (Bankr. D. Kansas Case
No. 24-21039) on August 14, 2024, with $1 million to $10 million in
both assets and liabilities.

George J. Thomas, Esq., at Phillips & Thomas, LLC is the Debtor's
legal counsel.


FIREPAK INC: Court Extends Cash Collateral Access to June 9
-----------------------------------------------------------
Firepak Inc. received interim approval from the U.S. Bankruptcy
Court for the Southern District of Florida to use cash collateral
until June 9, marking the fourth extension since the company's
Chapter 11 filing.

The fourth interim order signed by Judge Robert Mark approved the
use of cash collateral for the period from May 1 to June 9 in
accordance with the company's projected budget.

As protection, Regions Bank and the U.S. Small Business
Administration were granted replacement liens on and security
interests in the company's post-petition cash and cash equivalents
to the same extent and with the same priority and validity as their
pre-bankruptcy liens and security interests.

In addition, Regions Bank and the SBA will receive monthly payments
of $2,637.25 and $2,500, respectively, during the interim period.

A final hearing is set for June 9.

                         About Firepak Inc.

Firepak Inc. specializes in the design and layout of fire sprinkler
systems, modifications to existing fire sprinkler systems, new
installations, tenant build outs, retrofit of existing buildings,
and inspections and repairs of all types of fire sprinkler
systems.

Firepak sought relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. Case No. 24-21725) on November 7, 2024, with
total assets of $1,454,421 and total liabilities of $2,424,737.
Linda Leali, Esq., serves as Subchapter V trustee.

Judge Robert A. Mark handles the case.

Lydecker, LLP is the Debtor's legal counsel.

Regions Bank, as secured creditor, is represented by:

     Aaron J. Nash, Esq.
     Evans Petree, PC
     9005 Overlook Blvd
     Brentwood, TN 37027
     Phone: (615) 567-0168
     Fax: (615) 349-3528
     anash@evanspetree.co


FRANCIS TRUST: Gets Interim OK to Use Cash Collateral Until June 3
------------------------------------------------------------------
Francis Trust, LLC got the green light from the U.S. Bankruptcy
Court for the District of Maine to use the cash collateral.

The order penned by Judge Peter Cary authorized the Debtor's
interim use of cash collateral through the final hearing, which is
set for June 3.

Stormfield SPV I, LLC, the Debtor's primary secured creditor, will
be granted replacement liens on all assets of the Debtor (other
than avoidance actions) in case of any diminution in value of its
cash collateral.

As further protection, Stormfield will receive payment of $7,500 on
or before May 15. Monthly payments after May will be in an amount
to be determined and provided for in any final orders on cash
collateral.

The court set a May 30 deadline for filing objections to final
approval of the Debtor's request to use cash collateral.

The Debtor owns and operates three adjacent residential rental
properties in Bristol, Maine, collectively valued at $1.83 million
based on 2024 appraisals.

The Debtor defaulted on a $900,000 loan from Stormfield, which has
since grown to approximately $1.1 million.

Stormfield holds a mortgage on all three properties and a UCC-1
lien on the Debtor's personal property. The Town of Bristol also
holds statutory liens due to unpaid property taxes.

The Debtor plans to sell two of the properties (Penniman and 25
Southside) to satisfy its debt and retain the third (43 Southside)
to continue operations.

                        About Francis Trust

Francis Trust LLC operates The Moorings of New Harbor, a lodging
complex situated in New Harbor, Maine. This property offers a
variety of accommodations, including private units in historic
homes with harbor and ocean views. Amenities at The Moorings
include an indoor heated pool, hot tub, tennis courts, and free
Wi-Fi. Some units are pet-friendly and feature full kitchens,
fireplaces, and expansive decks.

Francis Trust sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Me. Case No. 25-10064) on April 15, 2025. In its
petition, the Debtor reported between $1 million and $10 million in
both assets and liabilities.

Judge Peter G. Cary handles the case.

The Debtor is represented by Tanya Sambatakos, Esq., at Molleur Law
Firm.


FREIRICH FOODS: Seeks to Sell NC Property via Auction
-----------------------------------------------------
Freirich Foods, Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of North Carolina, Winston-Salem Division,
to sell personal property at auction, free and clear of liens,
interests, and encumbrances.

The Debtor's Property is located at 815 W. Kerr Street, Salisbury,
North Carolina and 702 Holmes Street, Salisbury, North Carolina,
which are owned by Freirich Holdings, LLC, a North Carolina limited
liability company, and the Debtor is its sole member.

The Debtor's Property also includes miscellaneous equipment,
vehicles, trailers, and material handling items, excluding any
items sold to E.W. Grobbel Sons Inc.

The First National Bank of Pennsylvania holds a lien upon or the
security interest in the Property.

The Debtor employs Real Estate Agents and Auctioneer to assist in
the marketing and sale of the remaining assets.

The Debtor also retains Iron Horse Commercial LLC, Great Neck Realy
Company of North Carolina LLC, and Iron Horse Auction Co. Inc. for
the Auction:

   a. Real Property: a ten percent (10%) buyer’s premium to be
paid by the purchaser, plus reimbursement of marketing expenses not
to exceed $7,500, subject to the review and approval of this Court,
to be paid by the Debtor.

   b. Personal Property: a fifteen percent (15%) buyer’s premium
to be paid by the purchaser, plus reimbursement of advertising fees
not to exceed $2,500, subject to the review and approval of this
Court, to be paid by the Debtor.

The public auction that is not subject to confirmation of the court
will commence at 9:00 a.m.
Eastern on May 22, 2025, and concluding at 12 noon Eastern on May
29, 2025.

The sale of the Real Property that will be subject to confirmation
by the Court, by public auction will commence at 9:00 a.m. Eastern
on June 2, 2025, and concluding at 12 noon Eastern on June 9, 2025.


The 2025 ad valorem taxes will be pro-rated as of the closing date,
the purchaser of the Real Property will pay its share to the Debtor
at closing, and the taxes will be paid by the Debtor when due.

If the auction of the Real Property does not produce an acceptable
bid, as determined in the Debtor’s discretion exercising its
reasonable business judgment, the Debtor reserves the right to
recommend that no
bid be approved.

           About Freirich Foods, Inc.

Freirich Foods, Inc. is a deli meat processor that produces dry
open-oven roasted products. It has been supplying specialty meats
to select grocers and delis since 1921. Although initially opened
in New York, the business is headquartered in Salisbury, N.C.,
today and has been managed by four generations of the Freirich
family.

Freirich Foods sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D.N.C. Case No. 24-50204) on March 20,
2024, with $13,015,005 in assets and $14,524,627 in liabilities.
Paul Bardinas, president of Freirich Foods, signed the petition.

Judge Benjamin A. Kahn oversees the case.

The Debtor tapped John A Northen, Esq., at Northen Blue, LLP as
legal counsel and The Finley Group, Inc. as financial advisor.


FRESH START: Section 341(a) Meeting of Creditors on May 28
----------------------------------------------------------
On May 1, 2025, Fresh Start Development Inc. filed Chapter 11
protection in the U.S. Bankruptcy Court for the Middle District of
Florida. According to court filing, the Debtor reports between $1
million and $10 million in debt owed to 1 and 49 creditors. The
petition states funds will be available to unsecured creditors.

A meeting of creditors under Section 341(a) to be held on May 28,
2025 at 03:00 PM. U.S. Trustee (T/FM) will hold the meeting
telephonically. Call in Number: 866-910-0293. Passcode: 7560574.

           About Fresh Start Development Inc.

Fresh Start Development Inc. is a Florida-based development
company.

Fresh Start Development Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02855) on
May 1, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Catherine Peek Mcewen handles the
case.




FUSE GROUP: Signs $30,000 Convertible Note Deal With Chen Fei Li
----------------------------------------------------------------
Fuse Group Holding Inc. entered into a $30,000 convertible
promissory note agreement with Chinese investor Chen Fei Li,
according to a May 1 filing with the U.S. Securities and Exchange
Commission.  The Note bears 3% annual interest and matures 24
months after funding and is convertible into common shares at $0.33
each and was issued under Regulation S.

Interest on the Note is payable on May 1, 2026, and May 1, 2027,
with the principal and any unpaid interest convertible into Fuse
Group stock at the holder's discretion.  The agreement provides
offshore financing without SEC registration under Regulation S,
typically used for sales to non-U.S. investors.

                         About Fuse Group

Fuse Group Holding Inc. explores business opportunities in mining,
biotechnology, and consulting.  The Company operates through
subsidiaries including Fuse Biotech Inc., which focuses on biotech
ventures.  The Company is diversifying its business to new growth
area of consulting services, especially in the catering and
culinary consulting service business.  Fuse is based in Arcadia,
CA, and has undergone several structural changes since 2016.

In an auditor's report dated Dec. 26, 2024, KCCW Accountancy Corp.,
issued a "going concern" qualification, citing that the Company had
recurring losses from operations, an accumulated deficit, and a
negative cash flows from operating activities.  As such, there is
substantial doubt about its ability to continue as a going
concern.

Fuse Group posted a net loss of $40,361 for the year ending Sept.
30, 2024, compared to a net loss of $474,802 for the year ending
Sept. 30, 2023.  As of Sept. 30, 2024, the Company reported total
assets of $85,374, total liabilities of $252,173, and a
stockholders' deficit of $166,799.


FXI HOLDINGS: Moody's Cuts CFR to Caa3 & Alters Outlook to Negative
-------------------------------------------------------------------
Moody's Ratings downgraded FXI Holdings, Inc.'s ("FXI") Corporate
Family Rating to Caa3 from Caa2 and the Probability of Default
Rating to Caa3-PD from Caa2-PD. Moody's also downgraded the rating
on the senior secured notes due 2026 to Caa3 from Caa2. The outlook
was changed to negative from stable.

The downgrade of the ratings and outlook change reflect heightened
default risk and an increased likelihood of a distressed exchange
or debt restructuring, exacerbated by FXI's weak liquidity,
negative free cash flow, and approaching maturity wall.
Profitability has declined amid multiyear cyclical volume declines
in the mattress market and weakness in demand for autos. FXI's
exposure to the highly cyclical automotive, mattress, and furniture
markets subjects its earnings to downturns in consumer spending.
Moody's adjusted debt-to-EBITDA leverage is very high at 9.0x as of
December 29, 2024 and Moody's expects this leverage will remain
high over the next 12-18 months. FXI's interest burden is
unsustainable and puts considerable pressure on liquidity with the
asset-based lending facility ("ABL") providing insufficient
coverage. There is also refinancing risk as FXI's notes mature in
November 2026 and the maturity of the ABL facility, that otherwise
would expire in December 2026, springs to 91 days before the
maturity of the notes if the notes remain outstanding.

FXI continues to operate in challenged end-markets and has seen
sales and the EBITDA margin decline in 2024 from already weak
levels in 2023. Notwithstanding, the company saw 10% year-over-year
revenue growth in their retail business supported by higher volumes
and pricing although retail earnings declined in Q4. Higher tariffs
could potentially benefit FXI as a domestic manufacturer by
reducing competition from low-cost international mattress
suppliers, potentially allowing FXI to capture greater market
share. The broader mattress industry was also expected to recovery
in 2025 from historic low volumes as a large swathe of consumers
who bought mattresses during the pandemic enter a period when
mattresses are typically replaced. However, Moody's expects
consumers to remain cautious on discretionary spending amidst
tariff headwinds and high interest rates.

RATING RATIONALE

FXI's Caa3 CFR reflects the company's very high leverage and weak
free cash flow. Soft consumer demand across the furniture and
mattress end-markets continue to weigh on profitability although
the company has seen improvement in its retail business. Liquidity
is weak and Moody's expects the company will need to take
extraordinary measures to address cash needs over the next year.
Internal cash and cash generation is minimal and excess
availability on the ABL is tight and further constrained by limited
cushion on the covenant.

The company also has refinancing risk relating to the November 2026
maturity of all its debt. FXI operates in cyclical mattress,
furniture and automotive markets and profitability is sensitive to
downturns in the economic cycle as consumers reduce spending on
discretionary goods. Leverage is very high as a result of the large
debt funded acquisition of Innocor Inc. in 2020 and ongoing
earnings pressure. Aggressive financial policy and strategies
employed by FXI's private equity owners create substantial negative
governance risk. Positive factors include the company's large
scale, strong market position in the US foam manufacturing industry
and good end market diversity through its retail bedding, OEM
bedding and furniture, transportation and medical & technical
segments. FXI partially mitigates earnings volatility associated
with chemical prices with its pass-through contracts.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The negative outlook reflects the risk that consumer demand
continues to weaken resulting in further deterioration in FXI's
profitability and free cash flow and make it harder to address its
large interest expense and refinance its upcoming maturities. A
decline in demand as a result of rising costs due to tariffs may
offset any benefits the company had as domestic manufacturer if
consumers delay purchases.

The rating could be further downgraded if the company earnings and
cash flow do not improve. The ratings could also be downgraded if
FXI does not refinance its debt obligations well before maturity,
or liquidity continues to deteriorate. Ratings could also be
downgraded if recovery values weaken or there is a transaction that
Moody's would consider a distressed exchange.

The ratings could be upgraded if the company demonstrates sustained
operational improvement including a higher EBITDA margin and
sustained positive free cash flow. An upgrade would also require a
substantial improvement in liquidity.

The principal methodology used in these ratings was Consumer
Durables published in September 2021.

Headquartered in Radnor, Pennsylvania, FXI is a North American
comfort technologies provider serving multiple end-markets at
scale. End-markets and applications include bedding, furniture,
comfort and acoustic applications in transportation, surgical
applicators, and filtration and industrial acoustic management. The
company is owned by One Rock Capital Partners LLC and Bain Capital
Private Equity. This follows One Rock's acquisition of FXI in 2017
and FXI's subsequent acquisition of Innocor Inc. in February 2020.
Revenue was approximately $1.3 billion for the 12 months ended
December 31, 2024.


G FAB: Amends Motion to Sell Ford Truck for $32,928
---------------------------------------------------
G Fab Inc. amends motion that seeks approval from the U.S.
Bankruptcy Court for the District of Oregon, to sell  2020 Ford
F350 Super Duty truck free and clear of liens, interests, and
encumbrances.

If anyone opposes the proposed course of action or relief sought in
the motion, they are must file a written objection with the
bankruptcy court no later than 21 days after the date listed in the
certificate of service or such shorter time as set by the court,
notice of which will be sent to them.

           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., at Keith Y Boyd,
PC.



GLOBAL JOINT: Seeks Chapter 11 Bankruptcy in New York
-----------------------------------------------------
On May 1, 2025, Global Joint Venture Inc. filed Chapter 11
protection in the U.S. Bankruptcy Court for the Eastern District
of New York. According to court filing, the
Debtor reports between $10 million and $50 million in debt owed
to 1 and 49 creditors. The petition states funds will be available
to unsecured creditors.

           About Global Joint Venture Inc.

Global Joint Venture Inc. owns a mixed-use commercial condominium
situated at 139-141 Bowery in New York, NY.

Global Joint Venture Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-42139) on
May 1, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $10 million and $50 million each.

Honorable Bankruptcy Judge Nancy Hershey Lord handles the case.

The Debtor is represented by Kevin Nash, Esq. at GOLDBERG WEPRIN
FINKEL GOLDSTEIN LLP.


GRANT THORNTON: Moody's Affirms 'B2' CFR, Outlook Stable
--------------------------------------------------------
Moody's Ratings affirmed Grant Thornton Advisors Holdings LLC's
(Grant Thornton) B2 corporate family rating and B2-PD probability
of default rating. Moody's also affirmed Grant Thornton Advisors
LLC's backed senior secured bank credit facility ratings at B2 and
assigned a B2 rating to its proposed $800 million backed senior
secured first lien term loan due 2031. Following the closing of the
proposed term loan, the facility will consist of a $400 million
backed senior secured first lien revolving credit facility expiring
2029, $2.3 billion backed senior secured first lien term loan
maturing 2031, $50 million backed senior secured delay draw term
loan maturing 2031 and the proposed $800 million term loan due
2031. The outlook for both entities is stable. Grant Thornton is an
international professional services firm that offers audit, tax,
and advisory services to mostly US middle market business clients.

Grant Thornton announced it has or soon will close several
acquisitions, including of its UAE-based affiliate, which closed in
April 2025. The proceeds from the proposed term loan and delay draw
term loan will be used to pay for the acquisitions, add cash to the
balance sheet and pay related fees and expenses.

"Although Moody's anticipates debt/EBITDA above 7x after Moody's
adjustments and pro forma for the new debt and earnings from
several acquisitions that have or Moody's expects will close in
2025, the affirmation of the B2 rating reflects Moody's prior
expectation that Grant Thornton would seek to acquire its
affiliates with debt, and that the transactions will lead to a
larger, more geographically-diversified company with the
opportunity to drive leverage below 6x over the next 12 to 18
months through achievement of in-process and planned cost reduction
initiatives," said Edmond DeForest, Moody's Senior Vice President.

RATINGS RATIONALE

The B2 CFR reflects high debt leverage, uncertainty regarding the
impact of the change in organization structure and partner
compensation on the business and Moody's anticipations for
aggressive financial strategies. Financial leverage reduction will
be achieved through Moody's anticipations for low-to-mid
single-digit organic revenue growth and EBITDA margins around 13%
as of December 31, 2024 (pro forma for the transactions) to grow to
a high-teens percentage range by 2026, driven by cost reduction
initiatives, including through the adoption of Grant Thornton's
India business operations center by the acquired business. Moody's
projects good interest coverage, with EBITDA less capital
expenditures to interest above 2x, and at least $100 million of
free cash flow anticipated in 2026, which are strong compared to
many other services issuers also rated in the B2 CFR category.

All financial metrics cited reflect Moody's standard adjustments.
Moody's adjust EBITDA and EBITA for transaction-related expenses
and the non-cash impacts of equity rollover of partners. Moody's do
not adjust for the impact of in-process cost reduction initiatives,
nor for non-cash compensation expense not associated with equity
rollover of partners.

While Moody's anticipates that Grant Thornton will expand its
operating scope internationally and in the US, while also adding
additional services both through acquisitions and organically, it
has a smaller revenue size and offers fewer services than the Big
Four accounting firms against which it competes. Revenue and
profitability are dependent on attracting and retaining key
revenue-producing employees and efficient utilization of
professionals. Larger advisory firms can make investments in
technology and off-shore service centers, among other things, which
drives Moody's anticipation for Grant Thornton to grow both
organically and through acquisitions. Moody's considers historical
financial information sufficient to maintain credit ratings, but of
limited quality as it reflects the company's legacy partnership
structure. Likewise, the completed, announced and anticipated
affiliate acquisitions will be converted from partnerships to a
corporate form once acquired, as Grant Thornton was in May 2024.

The B2 rating is supported by a steady and non-cyclical revenue
stream from the audit and tax segment which make up two-thirds of
the revenue generated, high client and revenue retention rates, and
low client and partner revenue concentration. The company can cut
variable costs and preserve cash when cyclical pressure reduces
revenue; therefore, Moody's expects profitability rates will be
less subject to cyclicality than revenue.

The B2 senior secured ratings are the same as the B2 CFR,
reflecting the predominance of the credit facilities in Grant
Thornton's debt capital structure. Grant Thornton Advisors LLC is a
Delaware US LLC. Its indirect parent is Grant Thornton Advisors
Holdings LLC. Turbo Global LP, which is an indirect parent of both
the US and Ireland businesses, guarantees the rated debts and
provides financial statements. The credit facilities are guaranteed
by each (generally US) of its direct and indirect subsidiaries and
by Grant Thornton Advisors Holdings LLC. The Ireland subsidiaries,
including Grant Thornton Holdings Limited (Ireland) ("GT Ireland")
will not guarantee the rated debts. All guarantees are secured by
the assets of the guarantor on a first-lien basis. Certain
immaterial US subsidiaries do not provide guarantees.

In connection with the affiliate acquisitions, the acquired
entities will enter into agreements with a local, consolidated
variable interest entity that will remain a partnership, which will
perform traditional public accounting services consisting of
performing attest services. These attest entities will operate in
an alternative practice structure, just as Grant Thornton and Grant
Thornton, LLP do in the US.

Moody's views the company's liquidity profile as good. Moody's
expects the company to generate at least $100 million of free cash
flow in 2026 and about $100 million of balance sheet cash at close
of the transactions. The $400 million revolver is fully available
and provides additional support. Anticipated free cash flow will be
able to cover about $32 million of mandatory annual term loan
amortization. The revolver might be needed to fund seasonal cash
needs (notably annual cash incentive compensation) and potential
acquisitions. Audit and tax segment seasonality may also contribute
to seasonality for Grant Thornton's revenue and free cash flow.

There are no financial covenants applicable to the term loans.
Access to the revolver is subject to maintaining maximum senior
secured first lien leverage below 9.0x, which is tested when the
revolver is 40% of more drawn. Moody's expects that the company
would be able to maintain an ample cushion under its financial
covenant if it is tested over the next 12 to 15 months.

The stable outlook reflects Moody's expectations for low-to-mid
single-digit percentage range organic revenue growth, high revenue
and partner retention rates, debt/EBITDA to decline to below 6x and
free cash flow to debt in a mid-single digits percentage range over
the next 12 to 18 months. The stable outlook also reflects Moody's
anticipations of aggressive financial strategies, including for
debt funded acquisitions.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if Grant Thornton: 1) demonstrates
and maintains more conservative financial policies; 2) sustains
debt to EBITDA below 5x; and 3) maintains a good liquidity
profile.

The ratings could be downgraded if: 1) revenue growth is less than
Moody's anticipates; 2) EBITDA margins remain less than 16%; 3)
earnings quality remains constrained by large, ongoing
transaction-related adjustments; 4) client or partner attrition
rates worsen; 5) the company sustains debt to EBITDA above 6.0x; or
6) liquidity deteriorates.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

Grant Thornton, headquartered in Chicago, Illinois, serves over
17,000 clients globally across various industries. The company is
owned by an investor group led by private equity sponsor New
Mountain Capital, L.L.C. and its employees and partners.

Moody's expects over $3.0 billion of revenue in 2026.


HAMMER FIBER: Incurs $436K Net Loss in Quarter Ended Oct. 31
------------------------------------------------------------
Hammer Fiber Optics Holdings Corp posted a net loss of $435,939 for
the quarter ended Oct. 31, 2024, widening from a loss of $258,156
in the same period a year earlier, according to its quarterly Form
10-Q filing with the Securities and Exchange Commission.

As of Oct. 31, 2024, Hammer Fiber maintained $2.98 million in total
assets, $4.38 million in total liabilities, and a total
stockholders' deficit of $1.40 million.

The Company has financed its operations since inception primarily
through notes payable from related parties.  The Company had cash
and cash equivalents of $26,052 and $0 as of Oct. 31, 2024 and July
31, 2024, respectively.

Hammer Fiber stated, "As of October 31, 2024, substantial doubt
existed as to the Company's ability to continue as a going concern
as the Company has earned only minimal revenue, has no certainty of
earning additional revenues in the future, has a working capital
deficit and an overall accumulated deficit since inception.  The
Company will require additional financing to continue operations
either from management, existing shareholders, or new shareholders
through equity financing and/or sources of debt financing.  These
factors raise substantial doubt regarding the Company's ability to
continue as a going concern."

The Company has consistently sustained losses since its inception.
Hammer Fiber has indicated that its ability to continue as a going
concern depends on factors such as boosting revenues, managing
operating expenses effectively, and securing financing from
external sources.  However, there is no guarantee that the Company
will succeed in these efforts.

The Company said it will continue to depend on the sale of common
shares to finance its operations.  Issuing more shares could lead
to dilution for current shareholders.  The Company added that there
is no guarantee it will successfully complete further equity sales
or secure debt or other financing needed to support its operations
and development efforts.

The complete text of the Form 10-Q is available for free at:

https://www.sec.gov/Archives/edgar/data/1539680/000106299325008384/form10q.htm

                          About Hammer Fiber

Hammer Fiber Optics Holdings Corp (OTCPK:HMMR) is a company that
invests in financial services technology and wireless
telecommunications infrastructure.  Its financial technologies
division focuses on the HammerPay mobile payments platform, which
facilitates secure digital commerce and remittances in developing
regions.  The Company's telecommunications business employs its
wireless fiber platform, Hammer Wireless AIR, to deliver high-speed
fixed wireless services and mobility networks, including 4G, 5G,
and LTE, as well as offering over-the-top services like voice, SMS,
collaboration, and hosting services.

In an auditor's report dated Feb. 4, 2025, Fruci & Associates II,
PLLC, issued a "going concern" qualification, noting that the
Company has consistently sustained losses since its inception.
These factors, among others, raise substantial doubt about the
Company's ability to continue as a going concern.


HERITAGE COAL: To Convert Ch. 11 to Ch. 7 if Deal Not Reached
-------------------------------------------------------------
Rick Archer of Law360 reports that the legal counsel for Heritage
Coal's owners told a Delaware bankruptcy judge on Monday that the
company would need to shift from Chapter 11 reorganization to
Chapter 7 liquidation if secured and unsecured creditors do not
finalize a deal by Tuesday, May 6, 2025.

              About Heritage Coal & Natural Resources LLC

Heritage Coal & Natural Resources LLC is a coal mining company
based in Meyersdale, Pennsylvania that specializes in coal
extraction and processing operations in Somerset County. The
company operates from its principal location at 1117 Shaw Mine Road
and maintains multiple coal leases with regional landowners
including Allegany Coal and Land Company, Beechwood Coal LLC, and
Shaw Big Vein Coal Company for its mining operations.

Heritage Coal & Natural Resources LLC sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10602)
on March 30, 2025. In its petition, the Debtor reports estimated
assets and liabilities between $100 million and $500 million.

Honorable Bankruptcy Judge Mary F. Walrath handles the case.

The Debtor is represented by Jeffrey R. Waxman at Morris James LLP.


IMERYS TALC: Court Rejects Italian Unit's Future Claims Rep. Choice
-------------------------------------------------------------------
Vince Sullivan of Law360 Bankruptcy Authority reports that on May
5, 2025, a Delaware bankruptcy judge rejected a request from the
Italian subsidiary of Imerys Talc America to appoint the same
attorney as both the future claims representative and the lead
debtor, ruling that the potential claimants require independent
representation.

                About Imerys Talc America

Imerys Talc America, Inc. and its subsidiaries --
https://www.imerys-performance-additives.com/ -- are in the
business of mining, processing, selling and distributing talc. Its
talc operations include talc mines, plants and distribution
facilities located in Montana (Yellowstone, Sappington, and Three
Forks); Vermont (Argonaut and Ludlow); Texas (Houston); and
Ontario, Canada (Timmins, Penhorwood, and Foleyet). It also
utilizes offices located in San Jose, Calif., and Roswell, Ga.

Imerys Talc America and its subsidiaries, Imerys Talc Vermont,
Inc., and Imerys Talc Canada Inc., sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 19-10289) on Feb. 13, 2019.
TheDebtors were estimated to have $100 million to $500 million in
assets and $50 million to $100 million in liabilities as of the
bankruptcy filing.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Richards, Layton & Finger, P.A., and Latham &
Watkins LLP as their legal counsel, Alvarez & Marsal North America,
LLC as financial advisor, and CohnReznick LLP as restructuring
advisor. Prime Clerk, LLC, is the claims agent.

The U.S. Trustee for Region 3 appointed an official committee of
tort claimants in the Debtors' Chapter 11 cases. The tort
claimants' committee is represented by Robinson & Cole, LLP.


INVENERGY THERMAL: Moody's Rates New Sr. Secured Loans 'Ba2'
------------------------------------------------------------
Moody's Ratings has assigned a Ba2 rating to the Invenergy Thermal
Operating I LLC ("ITOI" or "Borrower") senior secured bank credit
facilities. The outlook is stable.
           
The senior secured credit facilities will consist of a $725 million
senior secured first lien term loan B (TLB) due 2032; a $50 million
senior secured first lien term loan C (TLC) due 2032; and a $150
million senior secured first lien revolving credit facility (RCF)
maturing in August 2030. The bank credit facilities are expected to
close during May 2025.

The new bank credit facilities will refinance ITOI's existing
approximately $246 million outstanding senior secured first lien
term loan B due 2029; refinance the existing $25 million senior
secured first lien term loan C due 2029; and replace the $150
million senior secured revolving credit facility due 2028.  The
remaining proceeds from the new TLB, after covering transaction
costs, will be used to pay a sizeable cash distribution to ITOI's
sponsors.

The rating on each of ITOI's existing debt instruments will be
withdrawn following financial close of the new bank credit
facilities.

A comprehensive review of all credit ratings for the respective
transaction has been conducted during a rating committee.

RATINGS RATIONALE

The Ba2 rating of the new ITOI senior secured bank credit
facilities considers the substantial amount of contractual cash
flows supporting ITOI's consolidated credit profile and the
geographic power market diversity of the portfolio asset mix. The
650 MW natural gas fired Grays Harbor combined cycle power
generation facility, located in the Pacific Northwest (PNW) power
market, benefits from a tolling agreement with Puget Sound Energy
Inc. (PSE, Baa1 Stable) initially through the end of 2027 with two
incremental extensions to 2030 at the option of PSE, and includes
the pass through to PSE of carbon allowance costs that carbon
emitting generators are required to obtain under Washington law.
The rating incorporates Moody's expectations that PSE will exercise
the extension options given the significantly tight capacity in the
PNW region in the near term and the importance of assets such as
Grays Harbor for PSE to meet its reliability needs.  The rating
further reflects the substantially improved capacity markets
benefiting the 609 MW Nelson combined cycle natural gas power
generation facility and the 380 MW Nelson Expansion simple cycle
natural gas power generation facility located in Illinois within
the PJM Interconnection, LLC's (PJM: Aa2 stable) ComEd zone, and
further considers the long-term offtake contract with WPPI Energy
(A1/STA) for a 96MW (15.6%) portion of the Nelson plant's output
through 2037.

The rating also recognizes the contracted cash flows of the 584 MW
natural gas fired St. Clair combined cycle power generation project
located in Ontario, Canada.  The St. Clair project has a long-term
contract for differences (CfD) with the IESO of Ontario through
2035, supporting ITOI's consolidated credit profile. The rating
further acknowledges the structural subordination of the St. Clair
project's cash flows to ITOI given the project finance debt at St.
Clair.

The ITOI bank credit facilities will be secured by a first lien
pledge of the real property and assets comprising of the Grays
Harbor project, the Nelson project and the Nelson Expansion
project, the direct and indirect equity interest in the Grays
Harbor, Nelson and Nelson Expansion projects, as well as an equity
interest in the holding company of the St. Clair project.

The credit profile incorporates ITOI's substantially higher
leverage with the TLB debt quantum increasing to $725 million from
the current outstanding amount of $246 million, along with the
sizeable distribution being paid to ITOI's sponsors.  The
substantially higher leverage can be supported by the increased
contracted cash flows at Grays Harbor, the higher known PJM
capacity prices through 2026 supporting the Nelson and Nelson
Expansion projects,  and the expectation of continued strong
capacity prices within the PJM market owing to FERC's recent
approval of PJM's proposal to implement a price collar for its next
two capacity auctions. ITOI's consolidated DSCR averages
approximately 2.8x, CFO to debt ratio averaging at approximately
27%, and the consolidated debt to consolidated EBITDA ratio
averaging at approximately 2.6x during the initial 3 years after
financial close based on cash flow scenarios considered by
Moody's.

That said, the credit profile considers ITOI portfolio's exposure
to merchant power markets following the expiration of the tolling
agreement at Grays Harbor and exposure to PJM capacity and energy
market price volatility at the Nelson and Nelson Expansion
projects. However, while Moody's baseline assumptions is that Grays
Harbor will become merchant following the expiration of the tolling
agreement with PSE, Moody's considers the potential for continued
strong capacity value for Grays Harbor including the potential for
the renewal of the tolling agreement with PSE beyond 2030.  The PNW
region is experiencing rising demand along with the retirement of
baseload coal generation units and further exacerbated by the
ambitious decarbonization goals including net zero targets for load
serving entities in the State of Washington starting in 2030, which
effectively prevent new gas fired units from being permitted within
the state.  These factors increase the likelihood that load serving
entities such as PSE will continue to rely upon existing
dispatchable natural gas resources to meet resource adequacy needs
and complement increasing intermittent renewable resources in the
supply stack.

The PJM capacity and energy markets in which the Nelson and Nelson
Expansion projects operate have experienced significant price
volatility in the recent past. The most recent Base Residual
capacity auction (BRA) covering the June 2025 to May 2026 period
resulted in a sharp price increase to around $270/MW-day from
around $29/MW-day for the prior period in PJM ComEd. Given capacity
tightness in PJM overall aided by demand growth from digital
infrastructure, it is Moody's expectations that PJM ComEd capacity
prices will remain elevated at least through the 2027/2028 BRA
settlement period, buoyed further by the recent FERC approval for a
price collar which reflects a floor price of $175/MW-day. The
rating further reflects Moody's expectations of Invenergy
continuing to implement near-term spark spread hedges for Nelson
and Nelson expansion projects. However, over the medium-to-long
term, tightening spark spreads and State of Illinois' mandated
carbon emission restrictions could impact future dispatch levels of
both the Nelson projects and potentially weaken future energy
margins.

The rating reflects the demonstrated good operating track record of
ITOI's project portfolio and Invenergy's sound asset management
strategy. Invenergy maintains outage insurance, which Moody's views
as credit positive, and which mitigates outage exposure including
the Nelson and Nelson Expansion projects' vulnerability to outages
during PJM Capacity Events. The Grays Harbor, Nelson and St. Clair
projects also benefit from long term contractual service agreements
(CSA) with affiliates of General Electric (GE), the original
equipment manufacturer of the gas turbines, which provides a
greater degree of maintenance cost certainty for the portfolio.  

The credit profile further considers the excess cash sweep
mechanism in the financing structure that should enable a
substantial degree of debt repayment of the TLB though the term of
the Grays Harbor tolling agreement.   The structure includes a cash
sweep which is set at 75% of excess cash flows utilized to repay
the TLB if the leverage ratio (as defined in the credit documents)
is greater than 4.0x; 50% of excess cash flow if the leverage ratio
is below 4.0x and 25% if the leverage ratio is less than or equal
to 2.25x.  Based on the cash sweep, Moody's have a reasonable
expectation that the TLB could be repaid down to approximately 50%
of the initial $725 million face amount by the 2032 maturity date
based on the contracted cash flows for Grays Harbor through 2030
and merchant cash flow scenarios considered by us for the following
years.

The rating additionally reflects ITOI's good liquidity profile with
the inclusion of a 6-month debt service reserve (DSR) account and
access to the $150 million revolving credit facility for
operational liquidity and the $50 million Term Loan C for cash
collateralized letters of credit issuance.  The financing structure
further includes a major maintenance reserve (MMR) account to fund
the expected major maintenance expenses at the Nelson, Nelson
Expansion and Grays Harbor projects for the immediately succeeding
two-year period. The rating further acknowledges the required
Carbon Payment Reserve Account within the structure to reserve
funds needed to purchase carbon allowances projected to be incurred
in the immediately succeeding three-month period, if required, and
certain limitations placed upon incremental indebtedness.

RATING OUTLOOK

The stable outlook reflects Moody's expectations that ITOI's
consolidated cash flows will remain highly predictable over the
term of the debt underpinned by the tolling revenues at Grays
Harbor through 2030, further supported by the contracted cash flows
at St. Clair, and near-term certainty of capacity revenues and
spark spread hedges impacting the Nelson and Nelson Expansion
projects.  The stable outlook further reflects Invenergy's track
record of implementing risk mitigation strategies and Moody's
expectations that the assets will continue to benefit from
Invenergy's sound operating track record, reducing the potential
for operational disruptions.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

ITOI's rating has limited prospects for an upgrade in the near-term
owing to the substantial leverage at the project following the
recapitalization along with the overall high business risk profile
with exposure to merchant cash flows from the Nelson and Nelson
Expansion plants and vulnerability to merchant exposure at the
Grays Harbor plant following the expiration of the tolling
agreement with PSE.  The rating could be upgraded if there is a
substantially greater repayment of debt than expected in Moody's
base case, such that ITOI's DSCR exceeds 4.0x and the adjusted
CFO/debt ratio is greater than 30% on a sustained basis.

ITOI's rating could be downgraded if there are significant outages
or prolonged operating problems at the underlying projects leading
to an inability to generate cash flow as expected such that the
consolidated DSCR decreases below 2.0x and the adjusted CFO to debt
ratio decreases below 15% on a sustained basis.

PROFILE

Invenergy Thermal Operating I LLC holds 100% ownership interests in
approximately net 2,293 MW portfolio of four operating natural gas
fired plants located across the US and CA. The ITOI project
portfolio consists of the 609 MW Nelson combined cycle generating
facility (Nelson) and 380 MW natural gas combustion turbine peaking
facility (Nelson Expansion) located in Rock Falls, IL, within the
PJM ComEd market region; the 650 MW Grays Harbor combined cycle
generating facility (Grays Harbor) located near Olympia, WA; and
the 584 MW (expanding to 654 MW)  St. Clair combined cycle
generating facility (St. Clair) located in Sarnia, Ontario, CA.

ITOI is owned under a 50/50 joint venture partnership named
Invenergy AMPCI Thermal Power LLC, which is a partnership between
Invenergy Clean Power LLC (Invenergy) and InfraBridge's Global
Infrastructure Fund Platform (InfraBridge), formerly known as AMP
Capital's Global Infrastructure Equity Platform.

The principal methodology used in these ratings was Power
Generation Projects published in June 2023.


JACKSON-STRONG: Patisso Can't Object to Motion to Withdraw Counsel
------------------------------------------------------------------
Judge Sheri Bluebond of the United States Bankruptcy Court for the
Central District of California overruled in its entirety the
opposition filed by Matteo Patisso to Fox Rothschild's motion to
withdraw as counsel to Jackson-Strong Alliance, LLC. The
cross-motion for Judicial Referral of Nicholas A. Koffroth, Esq. to
State Bar of CA for Consideration of Interim Suspension Order, or
in the Alternative, Cross-Motion to Reopen Case and Set
Evidentiary Hearing into Allegations of Misconduct is also denied.

The chapter 11 case was commenced by the filing of a voluntary
petition on Aug. 2, 2024, and was dismissed by order entered Sept.
13, 2024.

The bankruptcy court never approved the employment of Fox
Rothschild LLP as counsel for the debtor in the Case, as FR filed a
notice of withdrawal of its employment application on Sept. 10,
2024. In that notice, FR represented that it would not seek
reimbursement of fees or expenses in connection with its
representation of the Debtor and would not drawn down on the
$60,000 retainer that it had received, and FR never sought or
obtained an order of this Court authorizing any compensation or
reimbursement in the Case.

On Sept. 16, 2024, Patisso appealed the Dismissal Order to the
United States District Court for the Central District of
California, claiming that he had not been afforded an opportunity
to be heard prior to the Case's being dismissed. Patisso did not
seek or obtain a stay pending appeal of the Dismissal Order.

On April 11, 2025, FR filed a Motion to Withdraw in the Case .

Inasmuch as the Court had never authorized FR's employment in the
Case, and the Debtor had been given not less than 7 months' notice
of FR's position that its representation of the Debtor terminated
with dismissal of the Case, the Court entered an order granting the
Motion on April 14, 2025 .

Patisso filed the Opposition on April 15, 2025.

Patisso is under the mistaken impression that his interests will
somehow be adversely affected by entry of the Withdrawal Order and
the removal of FR from the electronic service list in connection
with the Appeal. Patisso's concerns are entirely unfounded, the
Court finds. Authorizing an attorney to withdraw does not deprive
this Court or any other adjudicative body of any ability that it
would otherwise have had to review or police the conduct of that
attorney while he was performing services in a bankruptcy case.
Accordingly, it is difficult to see how or why Patisso would even
have standing to object to the Motion.

If Patisso actually has standing to assert any claims against FR
based on alleged misconduct (and assuming any misconduct actually
occurred), entry of the Withdrawal Order would not deprive him of
any rights that he would otherwise have had to pursue those claims
before the appropriate tribunal or adjudicative body.

Judge Bluebond says that it's procedurally improper for Patisso to
request affirmative relief of the kind that he has requested by
inserting his request in an opposition to a motion to withdraw. If
Patisso would like this Court to take any action with regard to any
alleged misconduct, he must file his own motion or commence an
adversary proceeding seeking such relief in a manner that complies
with both the Federal Rules of Bankruptcy Procedure and the Local
Bankruptcy Rules of this Court.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=HP2PcR from PacerMonitor.com.

                 About Jackson-Strong Alliance

Jackson-Strong Alliance LLC was a creative partnership between
Michael Joseph Jackson and Brett-Livingstone Strong. Their aim was
to establish a dynamic arts enterprise, promoting the power of
imagination, not just for creativity sake, but for the sake of
important world causes. Michael and Brett focused their creative
expression in support of the arts, international charities and
protecting the environment.

Jackson-Strong Alliance LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-16203) on August
2, 2024. In the petition filed by Stason Kingsley Strong, chief
executive officer, Kingsley & Associates, its capacity as the
single member of Jackson-Strong Alliance LLC, the Debtor reports
estimated assets between $500 million and $1 billion and estimated
liabilities between $10 million and $50 million.

The Debtor was represented by Nicholas A. Koffroth, Esq. and Keith
C. Owens, Esq. at FOX ROTHSCHILD LLP.

The case was dismissed by order entered September 13, 2024.


JUNK IT PLUS: Unsecured Creditors to Split $18K over 3 Years
------------------------------------------------------------
Junk It Plus, LLC, submitted a First Amended Plan of Reorganization
dated April 1, 2025.

This Plan provides for: 22 classes of secured claims; 1 class of
unsecured claims; and 1 class of equity security holders.

The Debtor's projected Disposable Income over the life of the Plan
is $18,217.13.

Class 23 consists of the Allowed Unsecured Claims against the
Debtor. This Class is Impaired.

     * Consensual Plan Treatment: The liquidation value or amount
that unsecured creditors would receive in a hypothetical chapter 7
case is approximately $0.00. Accordingly, the Debtor proposes to
pay unsecured creditors a pro rata portion of $18,300.00. Payments
will be made in equal quarterly payments of $1,525.00. Payments
shall commence on the fifteenth day of the month, on the first
month that begins more than ninety days after the Effective Date
and shall continue quarterly for eleven additional quarters.
Pursuant to Section 1191 of the Bankruptcy Code, the value to be
distributed to unsecured creditors is greater than the Debtor's
projected disposable income to be received in the 3-year period
beginning on the date that the first payment is due under the plan.
Holders of Class 23 claims shall be paid directly by the Debtor.

     * Nonconsensual Plan Treatment: The liquidation value or
amount that unsecured creditors would receive in a hypothetical
chapter 7 case is approximately $0.00. Accordingly, the Debtor
proposes to pay unsecured creditors a pro rata portion of its
projected Disposable Income, $18,217.13. If the Debtor remains in
possession, plan payments shall include the Subchapter V Trustee's
administrative fee which will be billed hourly at the Subchapter V
Trustee's then current allowable blended rate. Payments will be
made in equal quarterly payments of $1,518.09. Payments shall
commence on the fifteenth day of the month, on the first month that
begins more than ninety days after the Effective Date and shall
continue quarterly for eleven additional quarters. Holders of Class
23 claims shall be paid directly by the Debtor.

The Plan contemplates that the Reorganized Debtor will continue to
operate the Debtor's business.

Except as explicitly set forth in this Plan, all cash in excess of
operating expenses generated from operation until the Effective
Date will be used for Plan Payments or Plan implementation, cash on
hand as of Confirmation shall be available for Administrative
Expenses.

A full-text copy of the First Amended Plan dated April 1, 2025 is
available at https://urlcurt.com/u?l=TrAKl9 from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Jeffrey S. Ainsworth, Esq.
     Cole Bailey Davidson Branson, Esq.
     BransonLaw, PLLC
     1501 East Concord Street
     Orlando, Florida 32803
     Telephone: (407) 894-6834
     Facsimile: (407) 894-8559
     E-mail: jeff@bransonlaw.com
     E-mail: cole@bransonlaw.com

                      About Junk It Plus

Junk It Plus, LLC is an established dumpster rental service
operating in Central Florida.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-05466) on October 8,
2024, with $100,001 to $500,000 in assets and $1 million to $10
million in liabilities. Jerrett McConnell, Esq., at McConnell Law
Group, P.A. serves as Subchapter V trustee.

Judge Grace E. Robson presides over the case.

Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC, is the Debtor's
bankruptcy counsel.


KINA LANE: Jami Nimeroff Named Subchapter V Trustee
---------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Jami Nimeroff, Esq.,
at Brown McGarry Nimeroff, LLC as Subchapter V trustee for Kina
Lane Enterprises, LLC and Goldsby Enterprises, LLC.

Ms. Nimeroff will be paid an hourly fee of $450 for her services as
Subchapter V trustee while paralegals will be compensated at $185
per hour.

Ms. Nimeroff declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Jami Nimeroff, Esq.
     Brown McGarry Nimeroff, LLC
     919 N. Market Street, Suite 420
     Wilmington, DE 19801
     Telephone: (302) 428-8142
     Fax: (302) 351-2744
     Email: jnimeroff@bmnlawyers.com

                    About Kina Lane Enterprises

Kina Lane Enterprises, LLC and Goldsby Enterprises, LLC filed
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-10665) on
April 7, 2025.

At the time of the filing, Kina Lane reported up to $50,000 in
assets and between $500,001 and $1 million in liabilities. Goldsby
reported between $1 million and $10 million in assets and between
$100,000 and $500,000 in liabilities.

Judge Craig T. Goldblatt handles the cases.

The Debtors are represented by Mark Billion, Esq., at Billion Law.


KYTTO ENTERPRISE: Hires Vilarino & Associates LLC as Counsel
------------------------------------------------------------
Kytto Enterprise Dorado LLC seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Vilarino &
Associates, LLC as counsel.

The firm will provide these services:

     (a) advise the Debtor concerning its duties, powers, and
responsibilities;

     (b) advise the Debtor in connection with a determination
whether reorganization is feasible;

     (c) assist the Debtor concerning negotiations with creditors
to propose and confirm a viable plan of reorganization;

     (d) prepare, on behalf of the Debtor, the necessary legal
papers or documents;

     (e) appear before the bankruptcy court, or any court in which
the Debtor asserts a claim interest or defense directly or
indirectly related to this bankruptcy case;

     (f) perform such other legal services for the Debtor as may be
required in these proceedings or in connection with the operation
and involvement with its business; and

     (g) employ other professional services, if necessary.

The firm will be paid at these rates:

     Javier Villarino, Attorney     $325 per hour
     Associates                     $250 per hour
     Paralegals                     $150 per hour

In addition, the firm will seek reimbursement for expenses
incurred.

Mr. Villarino 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:

     Javier Villarino, Esq.
     Villarino & Associates LLC
     P.O. Box 9022515
     San Juan, PR 00902
     Tel: (787) 565-9894
     Email: jvillarino@vilarinolaw.com

              About Kytto Enterprise Dorado LLC

Kytto Enterprise Inc., operating as Sushi Kytto Bar International
Steak House and Sushi Kytto Juncos, operates Japanese sushi
restaurants and steakhouse establishments across multiple locations
in Puerto Rico, with its principal place of business located in
Gurabo.

Kytto Enterprise Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.P.R. Case No. 25-01382-11) on March 28,
2025. In its petition, the Debtor reports estimated assets up to
$50,000 and estimated liabilities between $500,000 and $1 million.

The Debtor is represented by Javier Vilarino at VILARINO &
ASSOCIATES LLC.


LILY616 LLC: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
Lily616, LLC got the green light from the U.S. Bankruptcy Court for
the Middle District of Florida, Jacksonville Division, to use the
cash collateral of Wellen Capital, LLC to pay its expenses.

The order penned by Judge Jason Burgess authorized the company to
use the lender's cash collateral, which consists of cash and
accounts receivable generated by the operation of its business.

As protection, Wellen Capital was granted replacement liens on
post-petition collateral, with the same priority and scope as its
pre-bankruptcy liens.

As further protection, Lily616 was ordered to keep the lender's
collateral insured.

A final hearing is set for June 4.

                   About Lily616, LLC

Lily616, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01176) on April 14,
2025, listing up to $50,000 in assets and between $100,001 and
$500,000 in liabilities.

Judge Jason A Burgess oversees the case.

The Debtor is represented by:

   Bryan K. Mickler, Esq.
   Mickler & Mickler
   Tel: 904-725-0822
   Email: court@planlaw.com


LOCALS ONLY: Seeks to Hire Farinash & Stofan as Counsel
-------------------------------------------------------
Locals Only Gifts, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Tennessee to employ Farinash &
Stofan as counsel.

The firm's services include:

     a. assisting Debtor in the preparation of its schedules,
statement of affairs and the periodic financial reports required by
the Bankruptcy Code, the Bankruptcy Rules and any other order of
this Court;

     b. assisting Debtor in consultation and negotiation and all
other dealings with creditors, equity, security holders and other
parties in interest concerning the administration of this case;

     c. preparing pleadings, conducting investigations and making
court appearances incidental to the administration of the Debtor's
estate;

     d. advising the Debtor of its rights, duties and obligations
under the Bankruptcy Code, Bankruptcy Rules, Local Rules and orders
of this Court;

     e. assisting the Debtor in the development and formulation of
a plan of reorganization including the preparation of a plan,
disclosure statement and any other related documents for submission
to this Court and to Debtor's creditors, equity holders and other
parties in interest;

     f. advising and assisting the Debtor with respect to
litigation related to the administration of Debtor's case;

     g. rendering corporate and other legal advise and performing
all those legal services necessary and proper to the functioning of
the Debtor during the pendency of this case; and

     h. taking any and all necessary actions in the interest of the
Debtor and its estate incident to the proper representation of the
Debtor and the administration of this case.

The firm will be paid at these rates:

     Jerrold D. Farinash      $450 per hour
     Amanda Stofan            $350 per hour
     Rebecca Farinash         $250 per hour
     Legal Assistants         $100 per hour

The firm will be paid a retainer in the amount of $10,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Amanda M. Stofan, Esq., a partner at Farinash & Stofan, 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 at:

     Amanda M. Stofan, Esq.
     FARINASH & STOFAN
     100 West M L King Blvd, Ste. 816
     Chattanooga, TN 37402
     Tel: (423) 805-3100
     Email: amanda@8053100.com

              About Locals Only Gifts, LLC

Locals Only Gifts, LLC filed Chapter 11 petition (Bankr. E.D. Tenn.
Case No. 25-10943) on April 16, 2025, listing between $50,001 and
$100,000 in assets and between $500,001 and $1 million in
liabilities.

Judge Nicholas W. Whittenburg oversees the case.

The Debtor is represented by Amanda M. Stofan, Esq., at Farinash &
Stofan.


MAINE CRAFT: Hires Purdy Powers & Company P.A. as Accountant
------------------------------------------------------------
Maine Craft Distilling LLC seeks approval from the U.S. Bankruptcy
Court for the District of Maine to employ Purdy Powers & Company,
P.A. as accountant and tax advisor.

The firm's services include:

   (a) preparing and filing state and federal tax returns and all
necessary services related thereto;

   (b) providing tax analysis and advice, including regarding asset
sales and tax matters that may arise relating to the Debtor's
reorganization; and

   (c) making preparation, revision, and reconciliation of
financial statements for the Debtor, including the Debtor's balance
sheet and other financial statements that may be necessary for or
relevant to the Debtor's bankruptcy case.

The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mr. Lambert 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 at:

     Carol Lambert
     Purdy Powers & Company, P.A.
     130 Middle St.
     Portland, ME 04101
     Tel: (207) 775-3496

              About Maine Craft Distilling LLC

Maine Craft Distilling, LLC produces and sells artisanal spirits
like Blueshine Blueberry Liquor, Ration Expedition Style Rum,
Sprigge Barrel Rested Gin, Black Cap Vodka, Whipple Tree Apple
Brandy, and Alchemy Dry Gin. The company offers its products online
and at its physical public house location, where it also hosts
public events featuring live music.

Maine Craft Distilling sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Me. Case No. 25-20062) on
March 21, 2025. In its petition, the Debtor reported total assets
of $593,878 and total liabilities of $1,281,429 as of March 17,
2025.

The Debtor is represented by:

   D. Sam Anderson, Esq.
   Bernstein Shur Sawyer & Nelson
   Tel: (207) 774-1200
   Email: sanderson@bernsteinshur.com


MARK REAL ESTATE: Court OKs DIP Loan From Titan Funding
-------------------------------------------------------
The Mark Real Estate Holdings, LLC received interim approval from
the U.S. Bankruptcy Court for the District of Maine to use cash
collateral and obtain debtor-in-possession financing from Titan
Funding, LLC.

The DIP facility provides up to $2.725 million in post-petition
financing, with an initial $200,000 available on an interim basis.
The loan carries a 12% annual interest rate and matures 120 days
after the entry of a final order, subject to extension by
agreement.

The DIP obligations arising from advances by Titan Funding under
the interim order will be secured, on an interim basis, by valid
liens on all assets of the Debtor (other than avoidance actions).
These liens are pari passu with the lender's pre-bankruptcy junior
security interests in the assets.

The events of default as to the DIP facility unless waived by the
lender include failure by the Debtor to pay principal, interest or
any other amounts upon maturity of the DIP facility; dismissal of
the Debtor's Chapter 11 case or conversion to one under Chapter 7;
or using proceeds of the DIP facility in violation of the budget,
according to the interim order.

The interim order also authorized the Debtor to use cash collateral
(which constitutes the proceeds of the DIP facility).

A final hearing will take place on May 13, at 10:00 a.m.

Titan Funding is also a pre-bankruptcy lender, holding a
second-position mortgage and UCC security interest in the Debtor's
property. The senior pre-bankruptcy secured lender is Construction
Loan Services II, LLC (doing business as Builders Capital), which
holds the first-position mortgage. Additional pre-bankruptcy
secured claims include Broad Cove Ridge, LLC and several mechanic's
lienholders. The mechanic's liens, totaling approximately $2.14
million, were filed by contractors and suppliers such as Destefano
& Associates, Hancock Lumber Co., and Timberland Drywall, among
others.

           About The Mark Real Estate Holdings LLC

The Mark Real Estate Holdings LLC is developing "The Mark," a
four-story, 45-unit residential project at 100 U.S. Route 1 in
Cumberland, Maine. Slated for irst move-ins in spring 2025, the
building will feature one- and two-bedroom market-rate apartments
and condos, targeting renters and buyers seeking upscale,
coastal-accessible living just north of Portland.

The Mark Real Estate Holdings LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Me. Case No. 25-20100) on April
22, 2025. In its petition, the Debtor reports estimated assets and
liabilities between $10 million and $50 million each.

The Debtor is represented by Adam Prescott, Esq. at BERNSTEIN SHUR
SAWYER & NELSON, P.A.

Titan Funding, LLC, as DIP Lender, is represented by:

   Kellie W. Fisher, Esq.
   Drummond Woodsum
   84 Marginal Way, Suite 600
   Portland, ME 04101-2480
   Telephone: (207) 772-1941
   kfisher@dwmlaw.com


MATCHBOOK LEARNING: Moody's Alters Outlook on Ba2 Rating to Stable
------------------------------------------------------------------
Moody's Ratings has revised Matchbook Learning Schools of Indiana,
Inc., IN's outlook to stable from positive and has affirmed the Ba2
revenue bond rating. The debt was issued on behalf of the school by
the Indiana Finance Authority. The school has $20.5 million of
long-term debt outstanding.

The outlook has been revised to stable based on a decline in
liquidity relative to operating expenses in fiscal 2024.

RATINGS RATIONALE

The Ba2 rating reflects the charter school's stable student demand
over the long-term, the result of its status as a Indianapolis
Public Schools Innovation Network School, which gives it a zoned
boundary similar to a traditional district school. This unusual
designation for a charter school also supports the school's
prospects for continued charter renewal despite relatively weak
academic performance. The rating also reflects the charter school's
uneven financial performance in recent years, resulting in
relatively thin liquidity, although this may improve somewhat as
its upper grade facility becomes fully enrolled. The rating also
considers the relatively high leverage.

RATING OUTLOOK

The stable outlook reflects challenges to improvement of days cash
on hand to previous levels.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING

-- Improvement in liquidity to over 100 days cash on hand on a
sustained basis

-- Enrollment growth to capacity levels, currently projected at
886 students

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING

-- Further declines in days cash on hand, particularly if
unrestricted liquidity outright declines

-- Enrollment stagnation or declines

-- Declines in maximum annual debt service coverage below its
current levels, which is already relatively thin at 1.2x

PROFILE

Matchbook Learning Schools of Indiana is a charter school located
in Indianapolis. The organization currently serves 707 students in
grades K-8 and recently opened a high school that currently serves
49 students in grade 9.

METHODOLOGY

The principal methodology used in this rating was US Charter
Schools published in April 2024.


MAVIS TIRE: Moody's Affirms 'B3' CFR, Outlook Remains Stable
------------------------------------------------------------
Moody's Ratings affirmed the ratings of Mavis Tire Express Services
TopCo, Corp. ("Mavis"), including the B3 corporate family rating
and the B3-PD probability of default rating. Moody's also affirmed
the B2 ratings on the senior secured first lien term loan and
senior secured first lien revolving credit facility as well as the
Caa2 rating on the senior unsecured notes. The outlook remains
stable.

The ratings affirmation reflects Mavis' improving operating
performance supported by positive same store sales, continued
ramping of greenfields, improvements at acquired locations and
growing private label penetration, which is driving EBITDA margin
expansion and profit growth year-over-year with credit metrics
remaining in line with Moody's expectations. The ratings
affirmation also reflects Mavis' planned acquisition of Midas,
owned by TBC Corporation (not rated), which is expected to close in
the second quarter of 2025. Moody's views integration risk of the
purchase as manageable given Midas' higher margin franchise model
of 1,163 auto service shop locations. Moody's expects credit
metrics to remain within expectations for the current rating level
proforma for the debt funded purchase.

RATINGS RATIONALE

Mavis' B3 corporate family rating considers the company's high
lease-adjusted debt/EBITDA of 7.3x and modest EBITA/interest
coverage of 1.2x as of December 30, 2024. Moody's expects current
operating performance at Mavis to largely continue over the next
12-18 months as the Midas acquisition is integrated with
debt/EBITDA in the low-to-mid 7x range and EBITA/interest coverage
in the low-to-mid 1x range. Mavis' meaningful scale and favorable
market position in a highly fragmented segment of retail are
considered credit strengths. The ratings are also supported by
Mavis' strong execution ability and experienced management team.
Mavis' good liquidity reflects very manageable maintenance CAPEX
requirements and a large discretionary growth CAPEX program that
can be scaled down and/or funded with sale lease backs to enhance
liquidity when needed.

The B3 CFR continues to reflect governance considerations,
particularly the company's financial strategies associated with its
financial sponsor ownership which has historically supported very
high leverage and debt-financed acquisitions as well as reliance on
steady access to external liquidity to fund growth investments.
Although the planned acquisition of Midas will increase funded
debt, Moody's recognizes the benefits to its footprint and existing
franchise business. Moody's expects Mavis to continue to also focus
on greenfield/brownfield growth, and smaller acquisitions as it
integrates the Midas purchase.

The stable outlook reflects Moody's expectations for Mavis to
maintain leverage in the low-to-mid 7x range and EBITA/interest
coverage in the low-to-mid 1x over the next 12-18 months as well as
good liquidity.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Ratings could be upgraded if debt/EBITDA falls below 6.25x,
EBITA/interest is sustained around 1.5x and financial strategies
support credit metrics remaining at this level. An upgrade would
also require Mavis to maintain good liquidity, including consistent
internal funding of growth investments.

Ratings could be downgraded if liquidity weakens or if debt/EBITDA
is maintained above 8.0x or EBITA/interest is maintained below
1.0x.

The principal methodology used in these ratings was Retail and
Apparel published in November 2023.

Mavis Tire Express Services TopCo, Corp. is the parent company of
Mavis Tire Express Services Corp., which includes Mavis Discount
Tire and Express Oil Change & Tire Engineers. Mavis is owned by
affiliates of BayPine and TSG Consumer as well as by Co-CEOs David
and Stephen Sorbaro. Mavis operated 2,359 locations and generated
$4.0 billion of LTM revenue as of March 31, 2025.


MCDAB FAMILY TRUST: Case Summary & Five Unsecured Creditors
-----------------------------------------------------------
Debtor: MCDAB Family Trust of May 01, 2008
        1819 Coast Blvd
        Del Mar CA 92014

Business Description: The MCDAB Family Trust, established on May
                      1, 2008, is an irrevocable trust.

Chapter 11 Petition Date: May 5, 2025

Court: United States Bankruptcy Court
       Southern District of California

Case No.: 25-01862

Debtor's Counsel: Kevin C. Young, Esq.
                  LAW OFFICES OF KEVIN C. YOUNG
                  3131 4th Avenue
                  San Diego CA 92103
                  Tel: 619-232-3090
                  E-mail: kevincyoungesq@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

Dylon Lair signed the petition as successor trustee.

A copy of the Debtor's list of five unsecured creditors is
available for free on PacerMonitor at:

https://www.pacermonitor.com/view/HCX3PNA/MCDAB_Family_Trust_of_May_01_2008__casbke-25-01862__0003.0.pdf?mcid=tGE4TAMA

A full-text copy of the petition is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/3KUFCKI/MCDAB_Family_Trust_of_May_01_2008__casbke-25-01862__0001.0.pdf?mcid=tGE4TAMA


MIDWEST ENGINEERED: Seeks Subchapter V Bankruptcy in Minnesota
--------------------------------------------------------------
On April 30, 2025, Midwest Engineered Components Inc. filed
Chapter 11 protection in the U.S. Bankruptcy Court for
the District of Minnesota. According to court filing, the
Debtor reports between $100,000 and $500,000 in debt owed to 1
and 49 creditors. The petition states funds will be available to
unsecured creditors.

           About Midwest Engineered Components Inc.

Midwest Engineered Components Inc. is a a professional services
company based in Burnsville, Minnesota.

Midwest Engineered Components Inc. sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-31318) on
April 30, 2025. In its petition, the Debtor reports estimated
assets and liabilities between $100,000 and $500,000.

The Debtor is represented by John D. Lamey, III, Esq. at Lamey Law
Firm, P.A.


MILAN SAI: Hires Tabani Realty LLC as Real Estate Broker
--------------------------------------------------------
Milan Sai Joint Venture, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Tabani Realty, LLC as real estate broker.

The firm will market and sell the Debtor's Super 8 Motel located at
3432 IH-20, Stanton, Texas 79782.

The firm will be paid a commission of 2.5 percent of the sales
price.

As 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 at:

     Salman R. Tabani
     Tabani Realty, LLC
     5851 Legacy Circle, Suite 6050
     Plano, TX 75204
     Tel: (972) 810-7729

              About Milan Sai Joint Venture, LLC

Milan Sai Joint Venture, LLC operates in the traveler accommodation
industry.

Milan Sai Joint Venture sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 24-33560) on
November 4, 2024, with up to $10 million in both assets and
liabilities. Sunil Kumar Patel, managing member, signed the
petition.

Judge Michelle V. Larson oversees the case.

The Debtor is represented by Joyce W. Lindauer, Esq., at Joyce W.
Lindauer Attorney, PLLC.


MSHINGES.COM: Unsecureds to Get $25K per Year for 5 Years
---------------------------------------------------------
MSHinges.com, a Nevada corporation, d/b/a Aerospace Machine &
Supply, filed with the U.S. Bankruptcy Court for the District of
Nevada a Disclosure Statement describing Plan of Reorganization
dated April 1, 2025.

The Debtor manufactures standard and custom hinges (hinge pins) in
aluminum, titanium, and steel for the aerospace industry, including
for both commercial and military aircraft.

The "MS" in the Debtor's name stands for "military spec." The
Company's ratio of work is about 60% commercial, and 40% military.
The Debtor is a supplier to numerous large aerospace companies such
as The Boeing Company and Lockheed Martin Corporation, as well as
the U.S. Department of Defense ("DOD").

In 2019, the Company expanded operations at its Las Vegas facility.
The Company was operating well until COVID hit in 2020. Although
the Debtor and Aircraft Hinge were considered an essential product,
its deliveries and its ability to procure material were massively
affected by the global pandemic. This caused enormous financial
burdens and strains on cash flow. The Company also lost a key
employee to COVID.

At present, and which were mostly not in existence on the Petition
Date, the Debtor presently has about $225,000 in receivables, about
$480,000 of work in progress, and a deposit out for additional raw
materials of about $70,000.

The Debtor's Plan proposes to pay all allowed claims in full over
time. The Debtor asserts that Aircraft Hinge and the Debtor's
recent operations taken together demonstrate that they have the
ability to repay all creditors with Allowed Claims in full over
time, and they simply need a reasonable period of time in order to
do so, as demonstrated by the consolidated projections.

Class 7 consists of Allowed General Unsecured Claims against
Debtor. Except to the extent that a Creditor with an Allowed
General Unsecured Claim agrees to less favorable treatment, Holders
of Class 7 Allowed General Unsecured Claims shall be paid in full
within interest as set forth herein, and by receiving their Pro
Rata share of the sum of $25,000 per year, commencing on the date
that is one year after the Effective Date, and continuing at the
same rate on each yearly anniversary of the Effective Date, and in
any event, shall be paid in full by no later than the 5th year
anniversary of the Effective Date.

Each Holder of a General Unsecured Claim shall also receive on
account of such Holder's Claim payment of postpetition interest
calculated at the Federal Judgment Rate unless there is an
applicable contractual interest rate, in which case interest shall
be paid at the contractual interest rate so long as (i) a
contractual interest rate was set forth in a timely filed proof of
claim or (ii) the Holder of such Claim provides written notice of
such contractual interest rate to the Debtor's counsel on or before
the Effective Date, and subject to the Debtor's and any other
Person's right to verify or object to the existence of the asserted
contractual rate of interest. Class 7 is Impaired.

Class 8 consists of Holders of Equity Interests in the Debtor.
Holders of Class 8 Equity Interests shall receive no distributions
of Cash pursuant to the Plan, but on the Effective Date, shall
retain their legal interest, including their Equity Interests, in
the Debtor.

On and after the Effective Date, all of the Debtor's assets shall
vest in the Reorganized Debtor, and the Reorganized Debtor shall
continue to exist as a separate entity in accordance with
applicable law. The Debtor's existing articles of incorporation and
by-laws (as amended, supplemented, or modified) will continue in
effect for the Reorganized Debtor following the Effective Date,
except to the extent that such documents are amended in conformance
with the Plan or by proper corporate action after the Effective
Date.

As demonstrated by the previous discussion of the Debtor's
financial condition, the Debtor's operations generate sufficient
cash flow to meet its payment obligations under the Plan.

A full-text copy of the Disclosure Statement dated April 1, 2025 is
available at https://urlcurt.com/u?l=8gsCQI from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Matthew C. Zirzow, Esq.
     Larson & Zirzow, LLC
     850 E. Bonneville Ave.
     Las Vegas, NV 89101
     Telephone: (702) 382-1170
     Facsimile: (702) 382-1169
     Email: mzirzow@lzlawnv.com

                        About MSHINGES.COM

MSHINGES.COM -- https://www.mshinges.com -- doing business as
Aerospace Machine & Supply, is an aerospace company in Nevada.

MSHINGES.COM sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Nev. Case No. 24-15588) on October 25, 2024. In the
petition filed by Douglas B. Silva, as president, the Debtor
reports estimated assets and liabilities between $1 million and $10
million each.

Bankruptcy Judge August B. Landis handles the case.

The Debtor is represented by Matthew C. Zirzow, Esq. at LARSON AND
ZIRZOW, LLC.


NATIONAL FENCE: Seeks Subchapter V Bankruptcy in Massachusetts
--------------------------------------------------------------
On May 1, 2025, National Fence and Supply Co. filed Chapter 11
protection in the U.S. Bankruptcy Court for the District of
Massachusetts. According to court filing, the Debtor reports
between $500,000 and $1 million in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

           About National Fence and Supply Co.

National Fence and Supply Co. is a specialized contractor operating
in the fencing industry that provides fence installation services
and supplies various fencing materials and related products to
residential and commercial customers throughout the region.

National Fence and Supply Co. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No.
25-10914) on May 1, 2025. In its petition, the Debtor reports
estimated assets between $50,000 and $100,000 and estimated
liabilities between $1 million and $10 million.

The Debtor is represented by Hilmy Ismail, Esq. at Law Office Of
Hilmy Ismail.


NEOGEN FOOD: Moody's Affirms 'Ba3' CFR & Alters Outlook to Negative
-------------------------------------------------------------------
Moody's Ratings affirmed the ratings of Neogen Food Safety
Corporation's ("Neogen" and f/k/a Garden SpinCo Corporation). The
affirmed ratings include the Ba3 Corporate Family Rating, the
Ba3-PD Probability of Default Rating, and the B2 senior unsecured
notes rating. The Speculative Grade Liquidity rating has been
downgraded to SGL-2 from SGL-1. At the same time, Moody's revised
the outlook to negative from stable.

The outlook revision to negative reflects Moody's expectations that
debt/EBITDA will remain elevated above 4 times over the next 12 to
18 months. This is inclusive of the recently announced divestiture
of Neogen's cleaners and disinfectants business with net proceeds
of $100 million to be used for debt repayment. Moody's expects that
a multitude of factors, including government spending cuts,
deregulation, and uncertainty with tariffs, will lead to more
cautious spending by Neogen's customers, resulting in below average
top-line growth that Moody's anticipates will be in the low single
digits over the next 12 to 18 months. Further, Neogen continues to
deal with challenges integrating the 3M Food Safety business,
including the protracted process of transferring Petrifilm
manufacturing from an outside supplier into its new production
facility.

RATINGS RATIONALE

Neogen's Ba3 Corporate Family Rating reflects its leading global
market position in food and animal safety products. The company
benefits from a high proportion of consumable sales that are
recurring in nature and carry attractive margins. Neogen has a
highly diversified end-customer base, comprised primarily of food
processors, contract labs, and other adjacent end-markets. Rising
global emphasis on food safety will drive long-term demand for
Neogen's offerings.

The rating is constrained by integration challenges following the
2022 acquisition of 3M Company's Food Safety segment that will
continue to constrain revenue growth and margin improvement and
keep gross debt/EBITDA somewhat elevated. In addition, Neogen lacks
diversification outside of its niche focus on food and animal
safety, which creates exposure to manufacturing issues, product
defects or increasing competition. Neogen does not have long-term
contracts with the majority of customers but delivers goods on a
per-order basis.

The Speculative Grade Liquidity Rating of SGL-2 reflects Moody's
expectations that Neogen's liquidity will remain good over the next
12 to 18 months. Moody's anticipates cash on hand of over $100
million, positive free cash flow as capital expenditures moderate,
and full availability (once net proceeds from the cleaners and
disinfectants asset sale are used to repay the $100 million
outstanding balance) under the recently upsized $250 million
revolving credit facility expiring in 2030. The credit agreement
contains financial maintenance covenants including maximum net
leverage of 4.5x and minimum interest coverage of 2.25x through
August 31, 2025 and stepping up to 2.5x for any period thereafter.
Moody's anticipates that Neogen will maintain sufficient cushion
under the covenants.

The outlook is negative, reflecting Moody's expectations for gross
debt/EBITDA to remain above 4 times over the next 12 to 18 months
as macroeconomic headwinds and challenges related to the
integration of the 3M Food Safety business persist.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Factors that could lead to an upgrade include successful completion
of the integration of the former 3M Food Safety business, strong
organic growth, and a reduction in debt stemming from solid free
cash flow. Quantitatively, the ratings could be upgraded if gross
debt/EBITDA is sustained below 3.0x.

Factors that could lead to a downgrade include an escalation of
integration challenges with the former 3M Food Safety business,
material customer attrition or weak end user market conditions, or
more aggressive financial policies. Further, a weakening of the
company's liquidity position, including sustained negative free
cash flow, could result in a downgrade of the ratings.
Quantitatively, the ratings could be downgraded if gross debt to
EBITDA is sustained above 4.0x.

Neogen Food Safety Corporation is a subsidiary of publicly traded
Neogen Corporation. Headquartered in Lansing, Michigan, Neogen is a
global company that develops, manufactures and markets diagnostic
tests and other products and services dedicated to food safety,
livestock and pet health and wellness. Neogen has a presence in
over 140 countries. Total revenue for the last twelve month period
ended February 28, 2025 totaled $906 million.

The principal methodology used in these ratings was Medical
Products and Devices published in October 2023.


NU STYLE LANDSCAPE: Updates Unsecured Claims Details; Amends Plan
-----------------------------------------------------------------
Nu Style Landscape & Development, LLC, submitted a Second Amended
Disclosure Statement describing Second Amended Plan of
Reorganization dated April 1, 2025.

The Plan provides for the creation of eleven creditor classes
(Classes 1-11) and a single class (Class 12) for the equitable
interests of the Debtor. The "Effective Date" for the Plan has been
defined in the Plan to mean 30 days following the entry of a Final
Order of Confirmation of the Debtor's Plan.

The Confirmation Order becomes a Final Order when such Order is no
longer subject to appeal or review by the Court (14 days after
entry of the Order). The Debtor cannot advise the creditors of a
date certain which will be the Effective Date because it is
contingent upon proceedings established by the Court, but for
purposes of this Disclosure Statement, the Debtor estimates it to
be in June 2025.

The Debtor will continue to operate and use revenues generated from
operations to pay operating expenses and creditors. Net Income, as
defined in the Plan and after accumulation of $500,000.00 in
Working Capital Reserves, shall be paid pro rata to Allowed
Unsecured creditors and Allowed MCA Creditors as between the total
claims within each Fund over the 5-year Plan term. The $500,000.00
in Working Capital Reserves equals approximately two to three
months of payroll.

Class Five consists of the Allowed General Unsecured Claims.
Allowed Unsecured Claims totaling $6,629,125.85. The unsecured
creditors shall receive annual payments pro rata over the Plan term
of five years from Net Income in amounts not to exceed allowed
claims. Until the holders of Allowed Claims in Class Five are
determined by the issuance of a Final Order by the Bankruptcy
Court, the amounts to be paid to the Class Five claimholders shall
be placed in Escrow and held in Escrow in the Unsecured Payment
Fund.

Payments to Class Five claimholders shall commence when all Class
Five, Nine, Ten and Eleven Claims are determined to be Allowed
Claims by the Bankruptcy Court or the Debtor's objection to claims
otherwise included in Class Five, Nine, Ten and Eleven are
sustained, in either case by a Final Order from the Bankruptcy
Court. Notwithstanding the foregoing or anything to the contrary
herein, the Debtor, in its sole discretion, may pay the claims in
Class Five in full at any time prior to the end of the Plan. Class
Five is Impaired under the Plan.

Class Twelve consists of the Interests of the Debtor. Specifically,
Class Twelve consists of the equitable interests of Michael
Moilanen, the holder of 100% of the Debtor's ownership interests.
The holder of Class Twelve interests will receive no distribution
under the Plan. They will retain their interests to the same extent
that it held such interests prior to the filing of the Bankruptcy.
Class Twelve is Unimpaired under the Plan.

The Debtor will continue to operate its business. The Debtor will
make monthly payments to holders of claims in Classes One through
Four, Six and Seven as stated herein, as well as priority Claims,
administrative Claims and the cure payments to Pinnacol discussed
herein. The Debtor's Net Income shall be used to pay holders of
Allowed Unsecured Claims and Allowed MCA Creditor claim.

A full-text copy of the Second Amended Disclosure Statement dated
April 1, 2025 is available at https://urlcurt.com/u?l=FhmzHa from
PacerMonitor.com at no charge.

Nu Style Landscape & Development, LLC, is represented by:

     Jeffrey A. Weinman, Esq.
     Bailey C. Pompea, Esq.
     Allen Vellone Wolf Helfrich & Factor P.C.
     1600 Stout Street, Suite 1900
     Denver, CO 80202
     Telephone: (303) 534-4499
     Email: JWeinman@allen-vellone.com
            BPompea@allen-vellone.com

               About NU Style Landscape & Development

Nu Style Landscape & Development, LLC, a company in Denver, Colo.,
filed Chapter 11 petition (Bankr. D. Colo. Case No. 23-14475) on
Oct. 2, 2023, with $1 million to $10 million in both assets and
liabilities. Michael Moilanen, managing member, signed the
petition.

Judge Thomas B. McNamara oversees the case.

Allen Vellone Wolf Helfrich & Factor, PC, serves as the Debtor's
legal counsel.


ODEBRECHT ENGENHARIA: UST's Objections to RJ Plan Overruled
-----------------------------------------------------------
Chief Judge Martin Glenn of the United States Bankruptcy Court for
the Southern District of New York entered an order granting all the
relief requested by the foreign representative of Odebrecht
Engenharia e Construcao S.A. - Em Recuperacao Judicial, et al.:

  (i) recognizing the Debtors' Brazilian recuperacao judicial
(proceeding as the Debtors' foreign main proceeding,

  (ii) recognizing the full force and effect of the subsequent RJ
plan,

(iii) giving full force and effect to the related Brazilian court
confirmation order, and
  (iv) providing further relief which this Court deemed just and
proper.

No party objected to the recognition of the Brazilian RJ proceeding
as the foreign main proceeding, nor to the recognition and
enforcement of the RJ Plan in the United States. The only objection
was filed by the United States Trustee, which objected to language
in the Debtors' proposed order which provided additional relief.

The Court entered the Debtors' final proposed order without further
modifications.

The UST objected to portions of the proposed order granting
recognition (but not to the recognition of the Brazilian RJ
proceeding or to the enforcement of the RJ Plan as written).

The UST argued that the limitation on liability is inappropriate
because it is a "veiled exculpation clause," it goes beyond the
relief granted by the Brazilian court, and there is no statutory
basis for granting the limitation. Assuming arguendo that the
limitation on liability is appropriate, the UST also objected on
the grounds that the limitation "lacks the hallmarks of an
acceptable exculpation provision in a chapter 11 proceeding". There
is no temporal limitation, and the clause creates "prospective
immunity by exculpation." Furthermore, the UST argued, the
exculpation applies to too many parties, so the exact parties to
whom the exculpation applies are not known, and it also covers
non-estate fiduciaries.

The UST also argued that the proposed order created impermissible
nonconsensual third-party releases.

The Foreign Representative's argued the language of the order
limiting liability is customary and similar to language this Court
approved in other chapter 15 cases. It contended that the provision
in Section 11.5 of the RJ Plan is proper under both Brazilian and
U.S. law, as it does not create a third-party release. The Foreign
Representative then argued that the UST misread the language of the
proposed confirmation order, as it does not create a wide-reaching
release but rather bars only those "actions that contravene relief
set forth in the RJ Plan and Brazilian Confirmation Order"—i."e.,
the order sought only "enforcement of the relief granted in the
Brazilian RJ Proceeding within the territorial jurisdiction of the
United States and nothing more." Even if Section 11.5 of the RJ
Plan did create nonconsensual third-party releases, however, the
Foreign Representative maintained that enforcement of such a
provision is acceptable because Purdue does not apply in Chapter 15
cases.

In this case, the exculpated parties (the Directed Parties) are the
indenture trustee of certain notes cancelled pursuant to the RJ
Plan, the custodians of those notes, and the clearing system
involved with the effectuation of the RJ Plan. These parties are
clearly essential to the implementation of the RJ Plan, which is
being supervised by a Brazilian court. There is no indication in
the record before the Court that the Directed Parties have acted in
anything but good faith. Moreover, the Foreign Representative has
submitted that the cancellation of these notes is "one of the
central parts of the RJ Plan" and that without the cooperation of
the Directed Parties, they cannot be cancelled; no party has
contested this claim. The exculpation provision in the Order is,
therefore, integral to the recognition and enforcement of the RJ
Plan. The Court finds that the exculpation provision in the Order
complies with the requirements courts place on exculpation
provisions in Chapter 11 cases.

The Supreme Court held in Purdue that the Bankruptcy Code does not
authorize a bankruptcy court to approve, as part of a plan of
reorganization under Chapter 11, a release and injunction that
extinguishes claims against non-debtor third parties without the
consent of affected claimants.

The Court finds that, in the present case, the issuance of a
third-party release which enables the distribution of the foreign
debtor's estate in the manner set forth in the RJ Plan enables the
just treatment of all claimants, substantially in accordance with
U.S. law.

The Court finds that it had the authority under the Code to issue
the Order as written.  The UST's objections were overruled.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=U7WR7u from PacerMonitor.com.

Attorneys for the Foreign Representative of Odebrecht Engenharia e
Construcao S.A. - Em Recuperacao Judicial and affiliated debtors:

Thomas S. Kessler, Esq.
Luke A. Barefoot, Esq.
CLEARY GOTTLIEB STEEN & HAMILTON LLP
One Liberty Plaza
New York, NY 10006
Phone: (212) 225-2000
E-mail: tkessler@cgsh.com
        lbarefoot@cgsh.com

                   About Odebrecht Engenharia

Odebrecht Engenharia e Construcao SA is a Brazilian company
specializing in large-scale civil engineering, construction, and
infrastructure development projects. It offers turnkey solutions,
managing every phase of construction from planning to execution for
both public and private sector clients. The Company operates in
five key sectors: urban development, energy, sanitation, industrial
plants, and transport and logistics. As a wholly owned subsidiary
of Novonor, OEC serves markets in Brazil, Angola, Peru, and the
United States.

Odebrecht Engenharia e Construcao SA sought relief under Chapter 15
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10482) on
March 14, 2025.

The Debtor's foreign representative is Adriana Henry Meirelles and
Luke A. Barefoot, Esq. and Thomas S. Kessler, Esq. are the Debtor's
foreign representative counsel.


OTB HOLDING: Committee Hires Eversheds Sutherland as Counsel
------------------------------------------------------------
The official committee of unsecured creditors of OTB Holding LLC
and its affiliates seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to employ Eversheds Sutherland
(US) LLP as counsel.

The firm will provide these services:

   a. rendering legal advice regarding the Committee's
organization, duties, and powers in these Chapter 11 Cases;

   b. assisting the Committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtors;

   c. participating in the Debtors' proposed sale processes for
substantially all of their assets and advising the Committee with
respect to the same;

   d. analyzing any chapter 11 plan and related disclosure
statement filed by the Debtors;

   e. attending meetings of the Committee and meetings with the
Debtors, the DIP Lender, and their attorneys and other
professionals, and participating in negotiations with these
parties, as requested by the Committee;

   f. taking all necessary actions to protect and preserve the
interests of the Committee, including the possible prosecution of
actions on its behalf and investigations concerning litigation in
which the Debtors or their insiders are involved;

   g. assisting the Committee with respect to communications with
the general unsecured creditor body about significant matters in
these Chapter 11 Cases;

   h. reviewing, analyzing, and, where necessary, challenging,
claims filed against the Debtors' estates and alleged liens on
assets of the bankruptcy estates;

   i. representing the Committee in hearings before the Court,
appellate courts, and other courts in which matters may be heard,
and representing the interests of the Committee before those
courts;

   j. assisting the Committee in preparing all necessary motions,
applications, responses, reports, and other pleadings in connection
with the administration of these cases; and

   k. providing such other legal assistance as the Committee may
deem necessary and appropriate.

The firm will be paid at these rates:

     Partners             $875 to $1,525 per hour
     Counsel              $800 to $1,250 per hour
     Associates           $550 to $1,100 per hour
     Senior Attorneys     $700 to $845 per hour
     Other Professionals  $250 to $645 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

In order to comply with the United States Trustees' Appendix B, as
required to be answered in all applications for employment filed
under section 327 or 1103 of the Bankruptcy Code, I make the
following disclosures:

   a. Eversheds did not agree to a variation of its standard or
customary billing arrangements for this engagement;

   b. none of the professionals included in this engagement have
varied their rate based upon the geographic location of the Chapter
11 Cases;

   c. the Committee retained Eversheds March 19, 2025 and the
billing rates for the year 2025 prior to this Application are the
same as indicated in this Application; and

   d. Eversheds anticipates filing a budget at the time it files
its interim fee applications. In accordance with the United States
Trustee Guidelines, the budget may be amended as necessary to
reflect changed circumstances or unanticipated developments.

Mr. Meyers 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:

     Todd C. Meyers, Esq.
     Eversheds Sutherland (US) LLP
     999 Peachtree Street NW, Suite 2300
     Atlanta, GA 30309
     Telephone: (404) 868 -6645
     Email: ToddMeyers@eversheds-sutherland.com

              About OTB Holding LLC

OTB Holding LLC The Debtors are the operators of the well-known
restaurant brand "On The Border Mexican Grill & Cantina," which
focuses on the development, operation, and franchising of casual
dining establishments in the U.S. and South Korea. Founded in 1982
mesquite-grilled fajitas, award-winning margaritas, house-made
salsa, and endless chips and salsa. Over the past 40 years, the
brand has expanded from a single cantina into one of the most
popular Tex-Mex chains in the country, offering a wide range of
flavorful dishes inspired by Texas and Mexico. With more than 80
locations in the U.S. and internationally, it has become a go-to
spot for fresh Tex-Mex food and lively dining experiences. On The
Border stands out in the casual dining industry by leveraging its
unique and authentic brand. As of the Petition Date, the Debtors
continue to operate 60 restaurant locations across 18 states, all
of which are leased. In addition, the Company has franchise
agreements with third parties who run 20 additional locations in
the U.S. and South Korea.

The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ge. Case No. 25-52415 (SMS) on March 4, 2025. In
the petitions signed by Jonathan Tibus as chief restructuring
officer, the Debtor reports an estimated assets of $10 million to
$50 million and liabilities of $10 million to $50 million.

Seven affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                     Case No.
    ------                                     --------
    OTB Holding LLC (Lead Case)                25-52415
    OTB Acquisition LLC                        25-52416
    OTB Acquisition of New Jersey LLC          25-52417
    OTB Acquisition of Howard County LLC       25-52418
    Mt. Laurel Restaurant Operations LLC       25-52419
    OTB Acquisition of Kansas LLC              25-52420
    OTB Acquisition of Baltimore County, LLC   25-52421

Judge Sage M. Sigler presides over the case.

Jeffrey R. Dutson, Esq., Brooke L. Bean, Esq., and Kyung Won Song,
Esq., at KING & SPALDING LLP, represent the Debtors as legal
counsel.

ALVAREZ & MARSAL NORTH AMERICA, LLC serves as the Debtors' Chief
Restructuring Officer Provider.

KURTZMAN CARSON CONSULTANTS, LLC serves as the Debtors' Claims &
Noticing Agent.

HILCO CORPORATE FINANCE, LLC represents the Debtors as Lead
Investment Banker.


OTB HOLDING: Panel Taps Deloitte Transactions as Financial Advisor
------------------------------------------------------------------
The official committee of unsecured creditors of OTB Holding LLC
and its affiliates seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to employ Deloitte
Transactions and Business Analytics LLP as financial advisor.

The firm will provide these services:

   a. assist and advise the Committee in connection with its
identification, development, and implementation of strategies
related to the Debtors' business plan and other matters, as agreed,
relating to the restructuring of the Debtors' business operations;

   b. assist the Committee in understanding the business and
financial impact of various operational, financial, and strategic
restructuring alternatives on the Debtors;

   c. assist the Committee in its analysis of the Debtors'
financial restructuring process, including its review of the
Debtors' development of plans of reorganization and related
disclosure statements;

   d. assist the Committee in its review and analysis of potential
contingency plans to reflect the impact of restructuring
alternatives on the Debtors;

   e. provide advice and recommendations designed to assist the
Committee in its analysis regarding the refinement of Debtors' cash
management and cash flow forecasting process;

   f. assist the Committee in its review of Debtors' management,
including management's development and execution of other
restructuring-related activities;

   g. assist the Committee in its review of various financial
reports prepared for submission to the applicable court, and, as
mutually agreed, such other reports that may be requested by
Parties in Interest;

   h. advise the Committee as it assesses Debtors' executory
contracts, including assume versus reject considerations;

   i. assist the Committee in understanding issues relating to the
possible de-integration of the Debtors operations, and Debtors
establishing stand-alone operations in areas such as purchasing,
payroll, and benefits;

   j. assist the Committee in its review of management's
development and execution of operationally oriented improvement
opportunities, including supply chain optimization, distribution,
logistics, and transportation issues;

   k. assist the Committee in evaluating claims asserted against
the Debtors, including potential reclamation claims;

   l. assist and advise the Committee in its analysis of
liquidation scenarios;

   m. advise the Committee in connection with its attendance and
participation in hearings and meetings on matters within the scope
of the services to be performed under the Engagement Letter; and

   n. provide advice and recommendations with respect to other
related matters as the Committee may request from time to time, as
agreed to by the firm.

The firm will be paid at these rates:

     Partner/Principal/Managing Director       $940 per hour
     Senior Manager Specialist                 $840 per hour
     Senior Manager/Senior Vice President      $820 per hour
     Manager/Vice President                    $700 per hour
     Senior Associate                          $450 per hour
     Associate                                 $400 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Maupin 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 at:

     Ryan Maupin
     Deloitte Transactions and
     Business Analytics LLP
     Rockefeller Plaza
     New York, NY 10112
     Tel: (212) 492-4000

              About OTB Holding LLC

OTB Holding LLC The Debtors are the operators of the well-known
restaurant brand "On The Border Mexican Grill & Cantina," which
focuses on the development, operation, and franchising of casual
dining establishments in the U.S. and South Korea. Founded in 1982
mesquite-grilled fajitas, award-winning margaritas, house-made
salsa, and endless chips and salsa. Over the past 40 years, the
brand has expanded from a single cantina into one of the most
popular Tex-Mex chains in the country, offering a wide range of
flavorful dishes inspired by Texas and Mexico. With more than 80
locations in the U.S. and internationally, it has become a go-to
spot for fresh Tex-Mex food and lively dining experiences. On The
Border stands out in the casual dining industry by leveraging its
unique and authentic brand. As of the Petition Date, the Debtors
continue to operate 60 restaurant locations across 18 states, all
of which are leased. In addition, the Company has franchise
agreements with third parties who run 20 additional locations in
the U.S. and South Korea.

The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ge. Case No. 25-52415 (SMS) on March 4, 2025. In
the petitions signed by Jonathan Tibus as chief restructuring
officer, the Debtor reports an estimated assets of $10 million to
$50 million and liabilities of $10 million to $50 million.

Seven affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                     Case No.
    ------                                     --------
    OTB Holding LLC (Lead Case)                25-52415
    OTB Acquisition LLC                        25-52416
    OTB Acquisition of New Jersey LLC          25-52417
    OTB Acquisition of Howard County LLC       25-52418
    Mt. Laurel Restaurant Operations LLC       25-52419
    OTB Acquisition of Kansas LLC              25-52420
    OTB Acquisition of Baltimore County, LLC   25-52421

Judge Sage M. Sigler presides over the case.

Jeffrey R. Dutson, Esq., Brooke L. Bean, Esq., and Kyung Won Song,
Esq., at KING & SPALDING LLP, represent the Debtors as legal
counsel.

ALVAREZ & MARSAL NORTH AMERICA, LLC serves as the Debtors' Chief
Restructuring Officer Provider.

KURTZMAN CARSON CONSULTANTS, LLC serves as the Debtors' Claims &
Noticing Agent.

HILCO CORPORATE FINANCE, LLC represents the Debtors as Lead
Investment Banker.


PAP-R PRODUCTS: Court Extends Cash Collateral Access to July 31
---------------------------------------------------------------
Pap-R Products Company received another extension from the U.S.
Bankruptcy Court for the Southern District of Illinois to use cash
collateral.

The order extended the Debtor's authority to use cash collateral
from April 29 to July 31 to pay the expenses set forth in its
budget, with a 10% variance allowed.

The budget projects total operational expenses of $656,000 for May;
$706,000 for June; $756,000 for July.

As protection for the use of their cash collateral, First Neighbor
Bank and Advantage Capital were granted a replacement lien on all
post-petition assets of the Debtor, with the same validity, extent
and priority as their respective pre-bankruptcy liens.

As additional protection, First Neighbor Bank and Advantage Capital
will receive monthly payments of $8,600 and $10,000, respectively,
during the interim period.

The next hearing is set for July 22.

First Neighbor Bank is owed $5.18 million and claims a first lien
on most assets except second position on equipment. Meanwhile,
Advantage Capital is owed $1.72 million and holds a second lien on
most assets but a first position on equipment.

                   About Pap-R Products Company

Pap-R Products Company specializes in a wide range of coin and
currency wrapping solutions. Its product lineup includes flat coin
wrappers, automatic coin rolls, currency bands, and specialized
wraps for items such as napkins and canceled checks.
It also offers custom imprinting services for most products,
excluding basic bill bands and storage boxes.

Pap-R Products filed Chapter 11 petition (Bankr. S.D. Ill. Case No.
25-60040) on March 3, 2025, listing between $10 million and $50
million in both assets and liabilities. Kenneth Scott Ware,
president of Pap-R Products, signed the petition.

Judge Mary E. Lopinot oversees the case.

Larry E. Parres, Esq., at Lewis Rice, LLC, represents the Debtor as
legal counsel.


PARAMOUNT REAL ESTATE: Seeks Subchapter V Bankruptcy in Illinois
----------------------------------------------------------------
On May 1, 2025, Paramount Real Estate Investment Inc. filed
Chapter 11 protection in the U.S. Bankruptcy Court for
the Northern District of Illinois. According to court filing, the
Debtor reports between $100,000 and $500,000 in debt owed to 1
and 49 creditors. The petition states funds will be available to
unsecured creditors.

           About Paramount Real Estate Investment Inc.

Paramount Real Estate Investment Inc. is a Chicago-based real
estate investment company.

Paramount Real Estate Investment Inc. sought relief under
Subchapter V of Chapter 11 of the U.S. Bankruptcy Code
(Bankr. N.D. Ill. Case No. 25-06788) on May 1, 2025. In its
petition, the Debtor reports estimated assets and liabilities
between $100,000 and $500,000 each.

Honorable Bankruptcy Judge Michael B. Slade handles the case.

The Debtor is represented by Joel A Schechter, Esq. at Law Offices
Of Joel Schechter.


PEEK LLC: Claims to be Paid From Continued Operations
-----------------------------------------------------
Peek, LLC, filed with the U.S. Bankruptcy Court for the District of
Columbia a Disclosure Statement describing Plan of Reorganization
dated April 1, 2025.

Peek, LLC provides accounting, financial advisory, and tax
services. Peek, LLC is operated by its sole member, Christopher
Peek, a Certified Public Accountant with significant business
experience and knowledge of business operations and finance.

The single asset at issue is real property, specifically Mr. Peek's
primary residence, located at 3721 30th Place, NE, Washington, DC
20003, valued at $895,000 but encumbered by a Truist first mortgage
and a Clear Sky second mortgage. As a condition of the second
Mortgage, Clear Sky required the property to be deeded to Peek,
LLC. Peek, LLC is current on all post petition payments.

The Debtor has historically generated revenue through professional
accounting services. Due to economic downturns and financial
challenges, the Debtor faced financial distress, leading to the
filing of this Chapter 11 case on December 4, 2024, before this
Court.

The Plan calls for the repayment of secured creditors, priority
creditors of the Estate, and payment of all allowed administrative
expense claims of the Estate. The only obligations disclosed in the
Debtor's claims register are a secured creditor and a priority
creditor. The Plan contemplates the payment of all administrative
expense claims. The Plan will pay in full all allowed Claims, with
the possible exception of the Clear Sky claim, which may be
impaired.

As part of Peek, LLC's financial plan to repay under the Chapter 11
Plan, the Debtor projects $25,000 in revenue for 2025, with an
anticipated increase of $25,000 annually until all outstanding
debts are satisfied. The Debtor believes that through continued
operations, it can meet the obligations outlined in its Plan.

Class 3 consists of General Unsecured Claims. IRS General Unsecured
claim of $4,500 to be paid over 60 months. All other general
unsecured claims are to be paid in full unless disallowed. This
Class is unimpaired.

Class 4 consists of Equity Interests. Christopher Peek's equity
interest in Peek, LLC, remains vested. The member shall continue
management of the reorganized debtor.

The Debtor anticipates generating $25,000 in revenue for 2025, with
an annual increase of $25,000 per year. The proposed restructuring
will enable the Debtor to make the required payments under the Plan
while maintaining its business operations.

A full-text copy of the Disclosure Statement dated April 1, 2025 is
available at https://urlcurt.com/u?l=EpIkbZ from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Charles E. Walton, Esq.
     Walton Law Group, LLC
     10905 Fort Washington Road, Suite 201
     Fort Washington, MD 20744
     Telephone: (301) 233-0607
     Facsimile: (202) 595-9121
     Email: cwalton@cwaltonlaw.com

          About Peek, LLC

Peek, LLC is an accounting and financial services firm wholly owned
and managed by Christopher Peek, CPA.

The Debtor sought protection for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D.C. Case No. 24-00415) on Dec. 4, 2024,
listing $500,001 to $1 million in both assets and liabilities.

Judge Elizabeth L Gunn presides over the case.

Charles Earl Walton, Esq. at Law Office Of Charles E. Walton
represents the Debtor as counsel.


PENNYMAC FINANCIAL: Fitch Gives BB(EXP) on $650MM Unsec. Notes
--------------------------------------------------------------
Fitch Ratings expects to rate PennyMac Financial Services Inc.'s
(PFSI) $650 million senior unsecured notes issuance 'BB (EXP)'.
Proceeds from the issuance are expected to be used to repay a
portion of the company's senior notes due October 2025 and for
other general corporate purposes.

Key Rating Drivers

The unsecured debt will rank pari passu with PFSI's existing senior
unsecured debt, and, therefore, the expected rating is equalized
with the company's outstanding senior unsecured debt and Long-Term
Issuer Default Rating (IDR). The equalization reflects average
recovery prospects under a stress scenario given the availability
of unencumbered assets.

Fitch does not expect the debt issuance to have a meaningful impact
on the company's leverage profile as proceeds are expected to
refinance upcoming unsecured debt maturities. PFSI's total
leverage, calculated as debt to tangible equity, was 3.4x at 1Q25,
compared with 3.8x at YE24. Corporate leverage, excluding funding
facilities, was 1.5x and 1.4x at 1Q25 and YE24, respectively.

PFSI's ratings are supported by its solid and growing franchise and
historical track record in the U.S. nonbank residential mortgage
space, solid financial profile, experienced senior management team,
and a sufficiently robust and integrated technology platform. Fitch
views PFSI's multichannel approach favorably and believes its
largely hedged servicing business model with high recapture rates
may serve as a natural hedge but may not fully offset the
cyclicality of the mortgage origination business.

The ratings are constrained by the highly cyclical nature of the
mortgage origination business, elevated exposure to Ginnie Mae
(GNMA) loans with higher advancing needs and potentially higher
regulatory scrutiny, reliance on short-term, uncommitted funding,
and a complex group structure given elevated related party
transactions with PennyMac Mortgage Trust (PMT), which invests in
mortgage-related assets, and other affiliates.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Gross leverage sustained above 5.0x;

- Corporate leverage sustained above 1.5x;

- Sustained profitability challenges that erode tangible equity and
the company's market position;

- A decrease in aggregate liquidity resources or reduction in
unencumbered assets that constrain the company's funding
flexibility and/or increased utilization of secured funding that
reduces the unsecured funding mix below 15% on a sustained basis;

- Regulatory scrutiny resulting in PFSI incurring substantial fines
that negatively impact its franchise or operating performance.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Improvement in the funding profile including an extension of
funding duration, an increase in the committed funding percentage
and the maintenance of unsecured debt above 35% of total debt;

- Leverage maintained at or below 3.0x and corporate leverage
maintained at or below 1.0x;

- Growth of the business that enhances the franchise and platform
scale;

- Improved earnings consistency;

- Stronger liquidity profile, as evidenced by a meaningful increase
in the percentage of available liquidity resources (cash and
available borrowing capacity) to total debt.

DEBT AND OTHER INSTRUMENT RATINGS: KEY RATING DRIVERS

The senior unsecured debt is equalized with PFSI's Long-Term IDR,
reflecting the funding mix and average recovery prospects in a
stressed scenario.

DEBT AND OTHER INSTRUMENT RATINGS: RATING SENSITIVITIES

The unsecured debt rating is primarily sensitive to changes in
PFSI's Long-Term IDR and would be expected to move in tandem.
However, a meaningful increase in the proportion of secured debt
could result in the unsecured debt being notched down from the
IDR.

ADJUSTMENTS

Fitch has assigned PFSI's Standalone Credit Profile (SCP) in line
with its implied SCP.

The Business Profile score has been assigned below the implied
score due to the following adjustment reason: Business Model
(negative).

The Earnings and Profitability score has been assigned below the
implied score due to the following adjustment reason: Earnings
stability (negative).

The Capitalization and Leverage score has been assigned below the
implied score due to the following adjustment reason:
Profitability, payouts and growth (negative).

The Funding, Liquidity & Coverage has been assigned below the
implied score due to the following adjustment reason: Funding
flexibility (negative).

Date of Relevant Committee

November 6, 2024

ESG Considerations

PFSI has an ESG Relevance Score of '4' for Customer Welfare —
Fair Messaging, Privacy and Data Security due to its exposure to
compliance risks that include fair lending practices, debt
collection practices and consumer data protection, which have a
negative impact on the credit profile and are relevant to the
rating in conjunction with other factors.

PFSI has an ESG Relevance Score of '4' for Governance Structure due
to board effectiveness as it relates to protection of creditor and
shareholder rights and related party transactions among PMT, its
externally managed REIT, and other affiliates. This has a negative
impact on the credit profile and is relevant to the rating in
conjunction with other factors.

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating           
   -----------             ------           
PennyMac Financial
Services, Inc.

   senior unsecured    LT BB(EXP)  Expected Rating


PENNYMAC FINANCIAL: Moody's Rates New $650MM Unsecured Notes 'Ba3'
------------------------------------------------------------------
Moody's Ratings has assigned a Ba3 rating to PennyMac Financial
Services, Inc.'s (PFSI) proposed $650 million backed long-term
senior unsecured global notes maturing in 2032. This rating action
does not affect PFSI's Ba2 corporate family rating or its existing
Ba3 backed senior unsecured rating. The issuer's outlook is
stable.

The proposed notes will be guaranteed on an unsecured basis by each
of PFSI's existing and future domestic subsidiaries, including
Private National Mortgage Acceptance Co, LLC (Private National) and
PennyMac Loan Services, LLC, subject to certain exclusions. The
company intends to use the net proceeds from the offering to repay
its current outstanding $650 million unsecured notes maturing on
October 15, 2025 and for general corporate purposes.

RATINGS RATIONALE

Moody's views the proposed transaction as a modest credit positive.
Although overall corporate leverage will remain at current levels,
the transaction addresses an upcoming maturity, thus improving the
company's liquidity profile. The company's next unsecured maturity
is not until February 2029.

PFSI's Ba2 CFR reflects the company's track record of strong
operational performance and its franchise position supporting its
solid profitability, strong capital levels and experienced
management team. Furthermore, the company's operations are modestly
more diversified than other rated US non-bank mortgage companies.

PFSI's Ba3 backed long-term senior unsecured debt rating is based
on the company's Ba2 CFR and reflects the ranking of senior
unsecured obligations in PFSI's capital structure.

PFSI's stable outlook reflects Moody's expectations that the
company will be able to maintain above-peer profitability, minimize
operational risk from past rapid growth, and maintain solid capital
levels while continuing to strengthen its franchise positioning and
maintain its liquidity profile over the next 12-18 months.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

The rating could be upgraded if PFSI strengthens its solid
financial performance, whereby Moody's expects that long-term
through-the-cycle profitability as measured by net income to
average managed assets will average at least 4.0%. In addition, the
company would need to maintain strong capital levels as measured by
tangible common equity (TCE) to adjusted tangible managed assets
(TMA) above 20.0%, continue to strengthen its franchise
positioning, particularly in the direct-to-consumer and broker
origination channels, and improve its funding structure by reducing
its reliance on secured corporate debt.

The rating could be downgraded if PFSI's financial performance
deteriorates; for example, if Moody's expects net income to average
managed assets to remain below 3.0%, or if leverage increases such
that PFSI's TCE to adjusted TMA falls below and is expected to
remain below 17.5%. In addition, PFSI's senior unsecured bond
rating and Private National's long-term issuer rating could be
downgraded if the portion of secured debt to total corporate debt
increases and remains above 65%; under this scenario, Moody's would
expect the loss on senior unsecured obligations in the event of
default to be materially higher.

The principal methodology used in this rating was Finance Companies
published in July 2024.


PIVOTAL ANALYTICS: Files Emergency Bid to Use Cash Collateral
-------------------------------------------------------------
Pivotal Analytics Inc. asked the U.S. Bankruptcy Court for the
Middle District of Florida Fort Myers Division, for authority to
use cash collateral.

The Debtor continues to operate its business and seeks permission
to use its cash collateral as outlined in the budget, which
includes accounts receivable and cash holdings.

Several creditors, including Celtic Bank Corporation, Pivotal
Healthcare Analytics Inc., and others, may assert a pre-bankruptcy
security interest in the cash collateral.

The Debtor requested interim and final approval for the use of cash
collateral, subject to the budget and a 10% deviation allowance. It
proposed to provide adequate protection to secured creditors in the
form of post-petition replacement liens, inspection rights, and
reporting requirements. If the Debtor fails to comply with the
order, these creditors can file a notice of default and request a
hearing to determine whether further use of cash collateral should
be restricted.

The Debtor argued that using the cash collateral is crucial for
ongoing operations and will help preserve its value while
facilitating a future plan of reorganization.

                   About Pivotal Analytics Inc.

Pivotal Analytics Inc. is a data analytics and insights company
seeking to redefine how healthcare systems and their partners
identify growth opportunities and optimize real estate investment
decisions in a value-based care market. The Company offers a range
of services, including market evaluation, competitive analysis, and
assessments of consumer demand, provider supply, and productivity.
These insights help optimize healthcare assets and services.

Pivotal Analytics sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-00608) on
April 7, 2025. In its petition, the Debtor reported total assets of
$760,589 and total liabilities of $5,105,176.

Judge Caryl E. Delano handles the case.

The Debtor is represented by Michael Dal Lago, Esq., at Dal Lago
Law.


PLZ CORP: S&P Lowers ICR to 'CCC+' on Heightened Refinancing Risk
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating (ICR) on PLZ
Corp. to 'CCC+' from 'B-'. The outlook is negative.

S&P said, "We also lowered our issue-level rating on the company's
senior secured debt to 'CCC+' from 'B-', in line with the change in
the ICR while the recovery rating remains '3'. We also removed all
ratings on PLZ from CreditWatch where we placed them with negative
implications on March 17, 2025.

"The negative outlook reflects the potential for an increase in
near term refinancing risk as we approach Aug 2026 maturity on the
first lien term loan.

"We continue to assess PLZ liquidity less than adequate."

Refinancing risk at PLZ Corp. is rising given the approaching
maturities in Apr 2026 and Aug 2026 of its revolving credit
facility, and first-lien term loan facility respectively.

The company's upcoming debt maturities pose increased credit risk
amid economic certainty. Macroeconomic volatility stemming from
tariff announcements is creating challenges for PLZ in managing its
upcoming debt maturities effectively. S&P said, "Both the revolving
credit facility and the first lien term loan are part of the same
credit agreement, and we expect their maturities to be addressed
simultaneously. With the credit facility maturing within the next
12 months, any draws will be classified as current, limiting
liquidity flexibility. Additionally, since most of the company's
debt is tied to the first-lien term loan, which becomes current on
Aug. 3, 2025, we believe that internal liquidity generation will
fall short of meeting this obligation without external funding.
Consequently, we expect liquidity to be severely constrained within
the next 12 months once the term loan maturities become current,
heightening the risk of default. Still, we believe that PLZ's
financial sponsor, Pritzker Private Capital, will continue to
support its operations during these challenging times. In our base
case at the current rating we continue to expect the company will
refinance its debt prior to maturity. However, we think credit
quality will deteriorate as the maturity date approaches."

S&P said, "We believe operational improvements will help PLZ
maintain its credit metrics within 7.0-8.0x range. In an
environment of demand uncertainty, we anticipate PLZ's
cost-optimization initiatives and strategic customer retention
plans will help improve company's margins in the future years as
showcased in 2024. With gradual earnings improvement in 2025 and
2026, we anticipate the company to reduce its debt leverage below
8.0x by end of 2025 and on a weighted-average basis maintain S&P
Global Ratings-adjusted debt to EBITDA in the 7.0x-8.0x range.

"The negative outlook on PLZ reflects an at least one in three
probability that we could lower our ratings within the next couple
of quarters and reflects our expectation that the company's
liquidity position will be insufficient over the next 12 months to
service its debt obligations if it is unable to address upcoming
maturities on its now current revolving credit facility and soon to
be current first-lien term loan facility.

"We anticipate the company's operating performance will likely
improve within the next 12-24 months driven by the streamlining of
its cost structure, better customer mix, and new business wins such
that its debt leverage decreases below 8.0x by the end of 2025 and
on a weighted-average basis maintain S&P Global Ratings-adjusted
debt to EBITDA in the 7.0x-8.0x range."

S&P could lower its ratings on PLZ within the next 12 months if:

-- PLZ is unable to refinance its revolving credit facility and
its first-lien term loan facility well ahead of their respective
maturities or the company's liquidity weakens to a point where a
specific default scenario becomes likely.

-- The company undertakes any transaction that S&P would view as a
distressed debt exchange or a restructuring.

-- The company's operational performance declines drastically due
to factors like the U.S. entering a deep and lasting recession
leading to elevated customer attrition, environmental concerns
shift consumer preferences away from aerosol products and the
company's pricing ability waned to a point where debt leverage
levels become unsustainable with S&P Global Ratings-adjusted debt
to EBITDA, breaching 10x, with no prospects of improvement and the
company consistently generates negative free cash flow.

S&P said, "We could revise the outlook to stable if PLZ addresses
its 2026 maturities in a manner in which any maturity risk is
alleviated for at least the next couple of years. Additionally, we
could consider raising our rating on PLZ if the company manages to
refinance without materially increasing its interest burden and it
is able to maintain the weighted-average debt to EBITDA between
7.0-8.0x amid the challenging macroeconomic conditions like
increased tariffs that could negatively impact its end-market
demand."



PUBLISHERS CLEARING: Olshan Frome Represents WARN ACT Claimants
---------------------------------------------------------------
The law firm of Olshan Frome Wolosky LLP filed a verified statement
pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure
to disclose that in the Chapter 11 case of Publishers Clearing
House LLC, the firm represents the Ad Hoc Group of WARN ACT
Claimants.

The Ad Hoc Group was recently formed and retained Olshan to
represent the Ad Hoc Group in connection with the chapter 11 case.
Each Ad Hoc Group Member has represented to Olshan that it is a
party-in-interest and was until terminated an employee with the
Debtor and holds claims against the Debtor that may include, but
are not necessarily limited to unsecured priority wage claim, WARN
Act violation claims, unpaid leave and vacation, and other unpaid
severance and employment type claims.

Olshan has been retained as counsel, as of the date hereof, on
behalf of the Ad Hoc Group and does not represent or purport to
represent any other entities in connection with this chapter 11
case. Olshan does not represent the Ad Hoc Group as a "committee"
(as such term is employed in the Bankruptcy Code and Bankruptcy
Rules) and does not undertake to represent the interests of, and is
not a fiduciary for, any creditor, party in interest, or entity
other than the Ad Hoc Group.

Each of the individuals separately requested that Olshan represent
them in connection with the Debtor’s chapter 11 case. For this
matter in particular Olshan was retained by each of the parties
around the date of this Verified Statement.

The Ad Hoc Group Members' address and the nature and amount of
disclosable economic interests held in relation to the Debtors
are:

1. John Andrade
   561 Remsens Lane
   Oyster Bay, New York 11771
   * $50,109.84

2. Brody Malone
   4345 Annandale Dr.
   Schwenksville Pennsylvania 19473
   * $14,615.45

3. Tricia Masturzo
   1500 Washington Street, 11K
   Hoboken, New Jersey 07030
   * $31,318.73

4. Chris Moore
   18975 Soundview Ave.
   Southold, New York 11971
   * $41,758.31

5. Karolina Horak
   27 North Elliott Place, Floor 2
   Brooklyn, New York 11205
   * $30,274.82

6. Ishy Vadgama
   140, South Middle Neck Road, Apartment 3H
   Great Neck, New York 11021
   * $27,141.23

7. Hsinyu (Sherry) Chao
   2244 Jackson Ave., Apt 3823,
   Long Island City, New York 11101
   * $18,791.22

8. Matt Lantier
   102 Leroy Ave.
   Tarrytown, New York 10591
   * $34,450.58

9. Joy Stroud
   287 Glen Avenue
   Port Chester, New York 10573
   * $35,494.61

10. Axel Izaret
   725 Metropolitan Ave.
   Brooklyn, New York 11211
   * $16,703.71

11. Chris Keyes
   2 Woodlawn Oval
   Wellesley, Massachusetts 02481
   * $54,285.71

12. Kevin Ruiz
   39 Stuyvesant St.
   Huntington, New York 11743
   * $11,483.49

13. Michael McNulty
   27 Ross St.
   Somerville, New Jersey 08876
   * $34,450.55

Counsel for Ad Hoc Group:

     OLSHAN FROME WOLOSKY LLP
     Michael S. Fox, Esq.
     1325 Avenue of Americas
     New York, New York 10019
     (212) 451-2300

                 About Publishers Clearing House

Publishers Clearing House LLC is a direct-to-consumer company
offering free-to-play digital entertainment. Through its PCH/Media
division, PCH helps brands and advertisers connect with qualified,
responsive audiences across its extensive chance-to-win gaming
platforms. PCH has evolved into a multi-channel media company,
combining digital entertainment, direct-to-consumer marketing, and
commerce to create compelling experiences for users and brands
alike.

Publishers Clearing House filed a voluntary petition for relief
under Chapter 11 of the United States Bankruptcy Code (Bankr.
S.D.N.Y. Case No. 25-10694) on April 9, 2025. The case is pending
before the Honorable Martin Glenn.

Klestadt Winters Jureller Southard & Stevens, LLP is serving as
legal advisor, William H. Henrich and Laurence Sax from Getzler
Henrich & Associates LLC are serving as Co-Chief Restructuring
Officers, SSG Capital Advisors, LLC, is serving as investment
banker, and C Street Advisory Group is serving as strategic
communications advisor to the Company. Omni Agent Solutions is the
claims agent.


RADIX HAWK: Court Extends Cash Collateral Access to June 3
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, issued its second interim order authorizing Radix
Hawk Holdings, LLC to continue using cash collateral through June
3.

The second interim order signed by Judge Lori Vaughan authorized
the company to use cash collateral to pay the amounts expressly
authorized by the court, including payments to the U.S. trustee for
quarterly fees; the expenses set forth in the budget, plus an
amount not to exceed 10% for each line item; and additional amounts
expressly approved in writing by secured creditor, Altamar
Financial Group, LLC.

As protection, Altamar will be granted a post-petition lien on the
cash collateral and all other post-petition assets to the same
extent and with the same validity and priority as its
pre-bankruptcy lien.

As further protection to Altamar, Radix was ordered to keep its
property insured in accordance with its obligations under the loan
agreement with the secured creditor.

The next hearing is scheduled for June 3.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/Sr3fg from PacerMonitor.com.

                     About Radix Hawk Holdings

Radix Hawk Holdings, LLC is a real estate holding company primarily
owning hotel and motel complexes located at 5859 American Way,
Orlando, Fla.

Radix Hawk Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01631) on March 24,
2025. In its petition, the Debtor reported up to $50,000 in assets
and between $10 million and $50 million in liabilities.

Judge Lori V. Vaughan handles the case.

The Debtor is represented by Craig I. Kelley, Esq., at Kelley
Kaplan & Eller, PLLC.

Altamar Financial Group, LLC, as secured creditor, is represented
by:

   Jessika Arce Graham, Esq.
   Eric P. Hockman, Esq.
   Weiss Serota Helfman Cole & Bierman
   2800 Ponce de Leon Boulevard, Suite 1200
   Coral Gables, FL 33134
   Telephone: 305/854-0800
   JGraham@wsh-law.com
   EHockman@wsh-law.com


REBELLION POINT: John G. Rhyne Represents OBX Billiards & Itchka
----------------------------------------------------------------
John G. Rhyne, an attorney practicing law in Wilson, NC, filed a
verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure to disclose that in the Chapter 11 case of
Rebellion Point Entertainment, LLC, the firm represents:

1. OBX Billiards, Inc.
   111 Dock's Court, Duck NC 27949

2. Itchka, LLC
   111 Dock's Court, Duck NC 27949

John G. Rhyne has considered and evaluated all potential conflicts
of interest in accordance with the North Carolina Rules of
Professional Conduct. John G. Rhyne has determined that the
representations are permissible and has obtained proper consents
from its clients where required. John G. Rhyne agrees to supplement
this disclosure to the extent required and will seek additional
consents if necessary.

This firm has represented the two creditors for less than 1 week,
and solely with respect to this bankruptcy. This firm does not own,
nor has it ever owned, any claim whatever against the Debtor in
this case, nor any equity securities of the Debtor.

OBX Billiards and Itchka, LLC are represented by:

     John G. Rhyne
     P.O. Box 8327
     Wilson, NC 27893
     Telephone: (252) 234-9933
     Telecopier: (252) 991-5567

              About Rebellion Point Entertainment

Rebellion Point Entertainment, LLC, also known as East Coast Game
Rooms, is a family-owned retailer and outfitter based in Kitty
Hawk, N.C., with over four decades of experience in both
residential and commercial entertainment spaces. It offers a wide
selection of game room products including arcade machines,
billiards, ping pong, shuffleboard, and custom furniture. It also
provides rentals, delivery, installation, and repair services for
customers in the Outer Banks and broader East Coast region.

Rebellion Point Entertainment filed Chapter 11 petition (Bankr.
E.D.N.C. Case No. 25-01352) on April 14, 2025, listing up to
$500,000 in assets and up to $10 million in liabilities.  David M.
Teague, company owner, signed the petition.

Judge Pamela W. Mcafee oversees the case.

William P. Janvier, Esq., at Stevens Martin Vaughn & Tadych, PLLC,
is the Debtor's legal counsel.


RED VENTURES: S&P Downgrades ICR to 'B+', Outlook Negative
----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Red Ventures
Holdco L.P. to 'B+' from 'BB-'.

S&P also lowered its issue-level rating on the company's senior
secured debt to 'B+' from 'BB-'. The recovery rating remains '3'.

S&P said, "The negative outlook reflects Red Ventures' currently
elevated gross leverage for the 'B+' rating. We could lower our
rating over the next couple quarters if we believe the company will
not be able to reduce leverage below 5x over the next year. We
believe this would require outperformance relative to our base-case
forecast and the company using excess cash for voluntary debt
repayment.

"The downgrade reflects the increase in Red Ventures' S&P Global
Ratings-adjusted gross leverage to 6.4x in 2024 and our
expectations for leverage to further increase to 7x in 2025. Red
Ventures' performance remains challenged due to the impact of
adverse macroeconomic conditions leading to reduced advertising
spending on its portfolio of owned-and-operated (O&O) websites. It
is also leading to lower spending in the company's partnership
business (RV GT), in which Red Ventures advertises directly on
behalf of its clients, runs their marketing campaigns, and executes
digital transformation efforts on their behalf. We expect its S&P
Global Ratings-adjusted EBITDA to decline to $163 million in 2025
from $182 million in 2024, $299 million in 2023, and $368 million
in 2022, (S&P adjusted EBITDA figures are not pro forma
acquisitions and divestitures) partially due to our expectations
for advertisers to hold back spending amid a weakening
macroeconomic environment. The company also recently announced that
its largest customer ceased its business relationship with Red
Ventures in early 2025. The company still generated revenue and
EBITDA from the customer through the first four months of 2025, but
the loss will have a significant impact on the rest of the year's
performance.

"The company's performance has been challenged over the past
several years despite its diversified customer end verticals and
well-known brands. S&P Global Ratings-adjusted EBITDA in 2024 was
50% of 2022 levels (not pro forma acquisitions and divestitures),
and EBITDA margins have declined to about 17% from 25% over the
same period. This is evidence of the risk and inherent volatility
of its of pay-for-performance business model. We note, margins were
somewhat pressured in 2024 from increased investment spending to
build out an enhanced user experience and develop new AI
capabilities. We think there will be some margin improvement as the
spending rolls off, and the company realizes the benefits of the
investments, but that S&P adjusted margins will remain below the
25%-30% levels of several years ago.

"Furthermore, the recent loss of its largest customer demonstrates
the heightened customer concentration risk of the business. Due to
these factors, we revised our business risk assessment on Red
Ventures to weak from fair. As a result of this revision, we are no
longer netting cash against reported debt when calculating S&P
Global Ratings-adjusted credit metrics.

"The negative outlook reflects the potential for a lower rating if
we expect gross leverage to remain above 5x, which could occur
absent the company outperforming our projections and using excess
cash for voluntary debt reduction. Our expectation for S&P Global
Ratings-adjusted gross leverage of 7x in 2025 is high for the 'B+'
rating. Red Ventures is exposed to economic cyclicality, and its
performance remains strongest during periods of favorable economic
conditions and expansion because its revenue depends on consumer
discretionary spending and its customers' advertising budgets.

"S&P Global Ratings believes there is a high degree of
unpredictability around policy implementation by the U.S.
administration and possible responses--specifically with regard to
tariffs--and the potential effect on economies, supply chains, and
credit conditions around the world. As a result, our baseline
forecasts carry a significant amount of uncertainty. As situations
evolve, we will gauge the macro and credit materiality of potential
and actual policy shifts and reassess our guidance accordingly.

"The company ended 2024 with cash of $74 million, and we expect it
to generate reported free operating cash flow of about $56 million
in 2025. It expects to receive an additional cash benefit from the
monetization of its Puerto Rico tax credits, which could yield an
additional $40 million-$45 million of cash proceeds over the next
12 months. However, we expect Red Ventures will continue to engage
in shareholder returns in 2025 (shareholder returns totaled about
$52 million in 2024) and believe the company could potentially
pursue acquisitions given its past track record.

"The negative outlook reflects Red Ventures' currently elevated
gross leverage for the 'B+' rating. We could lower our rating over
the next couple quarters if we believe the company will not be able
to reduce leverage below 5x over the next year. We believe this
would require outperformance relative to our base-case forecast and
the company using excess cash for voluntary debt repayment."

S&P could lower its ratings on Red Ventures over the next couple of
quarters if S&P believes it will be unable to reduce gross leverage
below 5x over the next 12 months. This could occur if:

-- The company's advertising and transaction revenue remains
pressured due to weak macroeconomic conditions, resulting in less
advertiser and partner spending on the company's platforms; and

-- The company engages in a more aggressive financial policy,
prioritizing acquisitions and shareholder returns over debt
reduction.

S&P could revise its outlook on Red Ventures to stable if gross
leverage approaches 5x. S&P believes this would likely entail:

-- The company sees a recovery in its business and demonstrates
sustained revenue and EBITDA growth; and

-- It uses excess cash for voluntary debt repayment.



REEF POOLS: Seeks Subchapter V Bankruptcy in Florida
----------------------------------------------------
On April 30, 2025, Reef Pools LLC filed Chapter 11 protection in
the U.S. Bankruptcy Court for the Middle District of Florida.
According to court filing, the Debtor reports between $100,000
and $500,000 in debt owed to 1 and 49 creditors. The petition
states funds will be available to unsecured creditors.

           About Reef Pools LLC

Reef Pools LLC is a company likely involved in swimming pool
construction, installation, or maintenance based in Bradenton,
Florida.

Reef Pools LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02852) on
April 30, 2025. In its petition, the Debtor reports estimated
assets between $50,000 and $100,000 and estimated liabilities
between $100,000 and $500,000.

Honorable Bankruptcy Judge Catherine Peek Mcewen handles the
case.

The Debtor is represented by Kevin Comer, Esq. of Comer Law Firm.


RHDM OIL: Seeks to Hires Salcedo Law Group as Special Counsel
-------------------------------------------------------------
RHDM Oil, Inc. seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ Salcedo Law Group, a
Professional Law Corporation as counsel.

The Debtor needs the firm's legal assistance in connection with
these cases:

   -- Hosam Saad Abdel Monem v. RHD Oil, Inc., et. al., LASC Case
No. 21CMCV00048, filed in the Los Angeles Superior Court; and

   -- RHDM Oil, Inc., et al., v. Mohammed Ehteshan Ansari, et al.,
LASC Case No. 21CMCV00048, filed in the Los Angeles Superior
Court.

The firm will be paid at the rate of $425 per hour.

The firm will be paid a retainer in the amount of $5,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Salcedo 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 at:

     Matthew J. Salcedo, Esq.
     Salcedo Law Group,
     a Professional Law Corporation
     28690 Morning Dew Way
     Yorba Linda, CA 92887
     Tel: (714) 833-0125
     Email: malcedo@salcedolawgroup.com

              About RHDM Oil, Inc.

RHDM Oil Inc., operating as Rosecrans Norwalk 76, a gas station
located at 12030 Rosecrans Ave. in Norwalk, California.

RHDM Oil Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. C.D. Cal., Case No. 25-11337) on February 21, 2025. In
its petition, the Debtor reports estimated assets between $50,000
and $100,000 and estimated liabilities between $1 million and $10
million.

Honorable Bankruptcy Judge Neil W. Bason handles the case.

The Debtor is represented by Andrew S. Bisom, Esq. at Bisom Law
Group.


RIDGE HOME: Hires Law Office of Mark J. Giunta as Counsel
---------------------------------------------------------
Ridge Home Management, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Arizona to employ the Law Office of Mark
J. Giunta as counsel.

The firm's services include:

     a. furnishing legal advice with respect to the powers and
duties of debtor-in-possession in the continued operation of its
affairs and management of its property;

     b. preparing necessary applications, answers, orders, reports,
motions and other legal papers; and

     c. performing all other legal services for which may be
necessary herein.

The firm will be paid at these rates:

     Mark J. Giunta        $525 per hour
     Senior Associate      $350 per hour
     Associate             $275 per hour
     Legal Assistant       $125 per hour

The firm received a retainer of $20,000 from the family trust of
the principal and 100% member of the Debtor, Lawrence Carter, on
April 15, 2025.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mark J. Giunta, a partner at Law Office of Mark J. Giunta,
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 at:

         Mark J. Giunta, Esq.
         Liz Nguyen, Esq.
         Law Office of Mark J. Giunta
         531 East Thomas Road, Suite 200
         Phoenix, AZ85012
         Tel: (602) 307-0837
         Fax: (602) 307-0838
         Email: markgiunta@giuntalaw.com
                liz@giuntalaw.com

              About Ridge Home Management, LLC

Ridge Home Management, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 2:25-bk-03267) on April 15, 2025. The
Debtor hires the Law Office of Mark J. Giunta as counsel.


RITE AID: Case Summary & 50 Largest Unsecured Creditors
-------------------------------------------------------
Lead Debtor: New Rite Aid, LLC
             200 Newberry Commons
             Etters, Pennsylvania 17319

Business Description: Rite Aid operates a network of over
                      1,200 pharmacies across 15 U.S. states,
                      offering prescription medications, over-the-
                      counter drugs, and wellness products.  The
                      Company runs both a pharmacy services
                      division and a front-end retail business
                      that sells non-prescription health, beauty,
                      and convenience items.  While its pharmacy
                      operations have remained stable, the retail
                      segment has faced challenges and
                      underperformance.

Chapter 11 Petition Date: May 5, 2025

Court: United States Bankruptcy Court
       District of New Jersey

One-hundred eighteen affiliates that concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                            Case No.
    ------                                            --------
    New Rite Aid, LLC (Lead Case)                     25-14861
    Rite Aid of New Jersey, Inc.                      25-14730
    Rite Aid Corporation                              25-14731
    Ex Tech, LLC                                      25-14743
    1740 Associates, L.L.C.                           25-14744
    RediClinic of DE, LLC                             25-14745
    4042 Warrensville Center Road Warrensville Ohio,  25-14746
    RediClinic of MD, LLC                             25-14747
    First Florida Insurers of Tampa, LLC              25-14748
    RediClinic of PA, LLC                             25-14749
    5277 Associates, Inc.                             25-14750
    GDF, Inc.                                         25-14751
    RediClinic of VA, LLC                             25-14752
    5600 Superior Properties, Inc.                    25-14753
    Rite Aid of Vermont, Inc.                         25-14754
    Genovese Drug Stores, Inc.                        25-14755
    RediClinic US, LLC                                25-14756
    Apex Drug Stores, Inc.                            25-14757
    Richfield Road - Flint, Michigan, LLC             25-14759
    Gettysburg and Hoover-Dayton, Ohio, LLC           25-14760
    Rite Aid of Virginia, Inc.                        25-14761
    Rite Aid Drug Palace, Inc                         25-14762
    Broadview and Wallings-Broadview Heights Ohio     25-14763
    Grand River & Fenkell, LLC                        25-14764
    Rite Aid Lease Management Company                 25-14765
    Rite Aid of Washington, D.C. Inc.                 25-14766
    Harco, Inc.                                       25-14767
    Drug Palace, Inc.                                 25-14768
    Eckerd Corporation                                25-14769
    Rite Aid of Connecticut, Inc.                     25-14770
    Rite Aid of West Virginia, Inc.                   25-14771
    Hunter Lane, LLC                                  25-14772
    EDC Drug Stores, Inc.                             25-14773
    Maxi Green Inc.                                   25-14774
    Rite Aid of Delaware, Inc.                        25-14775
    Ex Benefits, LLC                                  25-14776
    ILG - 90 B Avenue Lake Oswego, LLC                25-14777
    Rite Aid Online Store, Inc.                       25-14778
    Ex Design Holdings, LLC                           25-14779
    Rite Aid of Georgia, Inc.                         25-14780
    JCG (PJC) USA, LLC                                25-14781
    Ex Design, LLC                                    25-14782
    Munson & Andrews, LLC                             25-14784
    Rite Aid Payroll Management, Inc.                 25-14785
    Rite Aid of Indiana, Inc.                         25-14786
    JCG Holdings (USA), Inc.                          25-14787
    Ex Holdco, LLC                                    25-14788
    Rite Aid of Kentucky, Inc.                        25-14789
    Name Rite, LLC                                    25-14790
    Rite Aid Realty Corp.                             25-14791
    K & B Alabama Corporation                         25-14792
    Ex Initiatives, LLC                               25-14793
    P.J.C. Distribution, Inc.                         25-14794
    Rite Aid Rome Distribution Center, Inc.           25-14795
    K & B Louisiana Corporation                       25-14796
    Ex Options, LLC                                   25-14797
    Rite Aid of Maine, Inc.                           25-14798
    P.J.C. Realty Co., Inc.                           25-14799
    Rite Aid of Maryland, Inc.                        25-14800
    Ex Pharmacy, LLC                                  25-14801
    Rite Aid Specialty Pharmacy, LLC                  25-14802
    PDS-1 Michigan, Inc.                              25-14803
    K & B Mississippi Corporation                     25-14804
    Rite Aid of Michigan, Inc.                        25-14805
    Perry Drug Stores, Inc.                           25-14806
    K & B Services, Incorporated                      25-14807
    PJC Lease Holdings, Inc.                          25-14808
    Ex Procurement, LLC                               25-14809
    Rite Aid of New Hampshire, Inc.                   25-14810
    Rite Aid Transport, Inc.                          25-14811
    K & B Tennessee Corporation                       25-14812
    PJC Manchester Realty LLC                         25-14813
    Ex Rxclusives, LLC                                25-14814
    Rite Aid of New York, Inc.                        25-14815
    PJC of Massachusetts, Inc.                        25-14816
    Rite Investments Corp., LLC                       25-14817
    Ex Savings, LLC                                   25-14818
    K & B, Incorporated                               25-14819
    PJC of Rhode Island, Inc.                         25-14820
    Rite Aid of North Carolina, Inc.                  25-14821
    Ex Software, LLC                                  25-14822
    Rite Investments Corp.                            25-14823
    K&B Texas Corporation                             25-14824
    Rite Aid of Ohio, Inc.                            25-14825
    Ex Solutions of MO, LLC                           25-14826
    PJC of Vermont Inc.                               25-14827
    Ex Solutions of NV, LLC                           25-14828
    Rx Choice, Inc.                                   25-14829
    Rite Aid of Pennsylvania, LLC                     25-14830
    Lakehurst and Broadway Corporation                25-14831
    PJC Peterborough Realty LLC                       25-14832
    Ex Solutions of OH, LLC                           25-14833
    Rx USA, Inc.                                      25-14834
    PJC Realty MA, Inc.                               25-14835
    LMW 90B Avenue Lake Oswego, Inc.                  25-14836
    PJC Revere Realty LLC                             25-14837
    Maxi Drug North, Inc.                             25-14838
    PJC Special Realty Holdings, Inc.                 25-14839
    Maxi Drug South, L.P.                             25-14840
    Rite Aid of South Carolina, Inc.                  25-14841
    RCMH LLC                                          25-14842
    Maxi Drug, Inc.                                   25-14843
    Rite Aid of Tennessee, Inc.                       25-14844
    The Bartell Drug Company                          25-14845
    RDS Detroit, Inc.                                 25-14846
    READ's Inc.                                       25-14847
    RediClinic Associates, Inc.                       25-14848
    RediClinic LLC                                    25-14849
    RediClinic of Dallas-Fort Worth, LLC              25-14850
    RediClinic of DC, LLC                             25-14851
    The Jean Coutu Group (PJC) USA, Inc.              25-14852
    Thrift Drug, Inc.                                 25-14853
    The Lane Drug Company                             25-14854
    Thrifty Corporation                               25-14855
    Thrifty Ice Cream, LLC                            25-14856
    Thrifty PayLess, Inc.                             25-14857
    Rite Aid Hdqtrs. Corp.                            25-14859
    Rite Aid Hdqtrs. Funding, Inc.                    25-14860

Judge: Hon. Michael B Kaplan

Debtors'
Bankruptcy
Co-Counsel:                Michael D. Sirota, Esq.
                           Warren A. Usatine, Esq.
                           Felice R. Yudkin, Esq.
                           Seth Van Aalten, Esq.
                           COLE SCHOTZ P.C.
                           25 Main Street
                           Hackensack, New Jersey 07601
                           Tel: (201) 489-3000
                           Email: msirota@coleschotz.com
                                  wusatine@coleschotz.com
                                  fyudkin@coleschotz.com
                                  svanaalten@coleschotz.com
                  
                             - and -

                           Andrew N. Rosenberg, Esq.
                           Alice Belisle Eaton, Esq.
                           Christopher Hopkins, Esq.
                           Sean A. Mitchell, Esq.
                           PAUL, WEISS, RIFKIND, WHARTON &
                           GARRISON LLP
                           1285 Avenue of the Americas
                           New York, New York 10019
                           Tel: (212) 373-3000
                           Fax: (212) 757-3990
                           Email: arosenberg@paulweiss.com
                                  aeaton@paulweiss.com
                                  chopkins@paulweiss.com
                                  smitchell@paulweiss.com

Debtors'
Investment
Banker:                    GUGGENHEIM SECURITIES, LLC

Debtors'
Financial &
Restructuring
Advisor:                   ALVAREZ & MARSAL NORTH AMERICA, LLC

Debtors'
Real Estate
Advisory
Services
Provider:                  A&G REALTY PARTNERS, LLC

Debtors'
Claims &
Noticing
Agent:                     KROLL RESTRUCTURING ADMINISTRATION LLC

Estimated Assets
(on a consolidated basis): $1 billion to $10 billion

Estimated Liabilities
(on a consolidated basis): $1 billion to $10 billion

Matthew Schroeder signed the petitions in his capacity as chief
executive officer.

A full-text copy of the Lead Debtor's petition is available for
free on PacerMonitor at:

https://www.pacermonitor.com/view/BK2RTQQ/New_Rite_Aid_LLC__njbke-25-14861__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 50 Largest Unsecured Creditors:

   Entity                            Nature of Claim  Claim Amount

1. ACE American Insurance Company    Insurance Claim   $87,421,088
436 Walnut Street
Philadelphia, PA 19106
United States
Kevin Harkin, CFO
Email: kevin.harkin@chubb.com
Phone: (212) 703-7000

2. Department Of Justice              Plan Payment     $49,000,000

Attn: Ryan Lamb, Esq.                    Claim
C/O: U.S. Department Of Justice,
Civil Division
P.O. Box 875
Washington, DC 20044-0875
United States
Ryan Lamb, Esq.
Trial Attorney
Email: ryan.lamb@Usdoj.gov
Phone: (866) 909-5170

3. Amerisourcebergen Drug Corp        Trade Claim      $29,850,071
1 West First Avenue
Conshohocken, PA 19428
United States
James F. Cleary, CFO
Email: james.cleary@cencora.com
Phone: (610) 727-7000

4. UFCW Local 8-Golden State          Union Claim      $19,501,087
2200 Professional Drive
Roseville, CA 95661
United States
Jacques Loveall, CEO
Email: jloveall@ufcw8.org
Phone: (916) 786-058

5. United Food And Commercial         Union Claim      $18,672,465
Workers Local 1167
855 W. San Bernardino Ave
Bloomington, CA 92316
United States
Joe Duffle, President
Email: joe@ufcw1167.org
Phone: (909) 877-5000 Ext 150

6. Google Inc                         Trade Claim      $18,315,913
1600 Amphitheatre Parkway
Mountain View, CA 94043
United States
Anat Ashkenazi, CFO
Email: anatashkenazi@googlemail.Com
Phone: (650) 253-0000

7. Chattem Inc                        Trade Claim      $12,698,496
3708 St. Elmo Avenue
Chattanooga, TN 37409
United States
Charles Rusk, CFO
Email: charles.rusk@chattem.com
Phone: (423) 822-5000

8. HCL America Inc                    Trade Claim      $11,191,439
330 Potrero Ave
Sunnyvale, CA 94085
United States
Shiv Walia, CFO
Email: shiv.walia@hcl.com
Phone: (408) 733-0480

9. 32-14 31st Food LLC               Lease Rejection    $9,405,233
3214 31st St                          Damage Claim
Astoria, NY 11106
United States
Rocco A. Cavaliere, Esq.
Counsel Attorney
Email: rcavaliere@tarterkrinsky.com
Phone: (212) 216-8000

10. Pricewaterhousecoopers LLP        Trade Claim       $7,950,922
300 Madison Ave
New York, NY 10017
United States
Tim Grady, COO
Email: timothy.grady@pwc.com
Phone: (646) 471 3000/4000

11. Evergreen Trading                 Trade Claim       $6,873,762
233 Spring St
5th Floor
New York, NY 10013
United States
Gordon Zellner, CEO
Email: gzellner@evergreentrading.com
Phone: 844-364-0700

12. FFF Enterprises Inc               Trade Claim       $6,013,806
44000 Winchester Road
Temecula, CA 92590
United States
Wayne Talleur, CFO
Email: wtalleur@fffenterprises.com
Phone: (800) 843-7477

13. UFCW Northern California          Union Claim       $5,988,860
And Drug Employers
Health And Welfare Trust Fund
2200 Professional Drive
Roseville, CA 95661
United States
Jacques Loveall, President
Email: jloveall@ufcw8.org
Phone: (800) 552-2400

14. Haleon US Services Inc            Trade Claim       $5,928,811
The Heights Building 5
First Floor
The Heights Weybridge
Surrey, KT13 0ny
United Kingdom
Dawn Allen, CFO
Email: dawn.allen@haleon.com
Phone: (888) 825 5249

15. Kenvue Brands LLC                 Trade Claim       $4,735,854
1 Kenvue Way
Summit, NJ 07901
United States
Thibaut Mongon, CEO
Email: tmongon@kenvue.com
Phone: (888) 319-5476

16. The Hanover Insurance Company     Surety Bond       $4,637,500
440 Lincoln Street                       Claim
Worcester, Ma 01653-0002
United States
Jack Roche, CEO
Email: jroche@hanover.com
Phone: 508-855-1000

17. Starcom Worldwide, Inc.           Trade Claim       $4,044,848
35 W Wacker Dr
Chicago, IL 60601
United States
Michael Epstein, CEO
Email: michael.epstein@smvgroup.com
Phone: 212-468-3888

18. Infosys Limited                   Trade Claim       $3,884,131
507 E Howard LN
Building 1, Suite 200
Austin, TX 78753
United States
Jayesh Sanghrajka, CFO
Email: jayesh_sanghrajka@infosys.com
Phone: (646) 254-3198

19. HCL Tech Corp Serv Ltd            Trade Claim       $3,874,471
Technology Hub, Sez
Plot No. 3a, Sector 126
Noida, 201304
India
Shiv Walia, CFO
Email: shiv.walia@hcl.com
Phone: (408) 733-0480

20. Korn Ferry (US)                   Trade Claim       $3,854,927
1900 Avenue Of The Stars
Suite 1225
Los Angeles, CA 90067
United States
Gary Burnison, CEO
Email: gary.burnison@kornferry.com
Phone: 212-687-1834

21. SAP America Inc                   Trade Claim       $3,585,288
3999 West Chester Pike
Newtown Square, PA 19073
United States
Lloyd Adams, CEO
Email: lloyd.adams@sap.com
Phone: 610-661-1000

22. Russell Stover Chocolates LLC     Trade Claim       $3,455,317
4900 Oak Street
Kansas City, MO 64112-2702
United States
Niccolo Starace, CEO
Email: nstarace@lindt.com
Phone: 1-800-477-8683

23. Agency Within LLC                 Trade Claim       $3,151,861
43-01 22nd St
Suite 602
Queens, NY 11101
United States
Joe Yakuel, CEO
Email: jyakuel@within.co
Phone: (315) 533-2388; (844) 494-8446

24. Bon Suisse Inc                    Trade Claim       $3,105,328
11860 Community Rd
Poway, CA 92064-8887
United States
David Taylor
General Manager
Email: dtaylor@bonsuisse.com
Phone: 858-391-9222

25. Acon Laboratories                 Trade Claim       $2,947,267
9440 Carroll Park Drive
San Diego, CA 92121
United States
Thomas Troyk, VP, Operations
Email: ttroyk@aconlabs.com
Phone: 858-875-8000

26. Iron Mountain Off-Site            Trade Claim       $2,727,819
1101 Enterprise Drive
Royersford, PA 19468
United States
Barry Hytinen, CFO
Email: barry.hytinen@ironmountain.com
Phone: 800-934-3453

27. Unilever HPC USA                  Trade Claim       $2,707,661
655 Third Avenue, 10th Floor
New York, NY
Herrish Patel
President Unilever USA
Email: herrish.patel@unilever.com
Phone: 800-298-5018

28. Emerson Healthcare LLC            Trade Claim       $2,695,037
407 East Lancaster Ave
Wayne, PA 19087
United States
Eric Stastny, COO
Email: estastny@emersonhosp.org
Phone: 978-369-1400

29. International Fidelity            Surety Bond       $2,686,493
Insurance Company                        Claim
One Newark Center, 20th Floor
Newark, NJ 7102
United States
David Pirrung, CFO
Email: david.pirrung@iatinsurance.com
Phone: (919) 831-4169

30. Sunbelt Rentals                   Trade Claim       $2,676,971
2341 Deerfield Drive
Fort Mill, Sc 29715
United States
Brendan Horgan, CEO
Email: brendan.horgan@sunbeltrentals.com
Phone: 888-886-8199

31. Adobe Inc                         Trade Claim       $2,672,494
345 Park Avenue
San Jose, CA 95110
United States
Dan Durn, CFO
Email: ddurn@adobe.com
Phone: 408-536-6000

32. Master Litigation Trust           Plan Payment      $2,500,000
C/O Halperin Battaglia Benzija, LLP      Claim
40 Wall Street, 37th Floor
New York, NY 10005
United States
Donna H. Lieberman, Esq.
Counsel Attorney
Email: dlieberman@halperinlaw.net
Phone: (212) 765-9100

C/O Gentle, Turner Benson
501 Riverchase Parkway East, Suite 100
Hoover, AL 35244
United States
Ed C. Gentle, III
Counsel Attorney
Email: egentle@gtandslaw.com
Phone: (205) 960-2533

33. Active Cosmetics Div Of Loreal    Trade Claim       $2,493,198
888 N Douglas St
El Segundo, CA 90245
United States
Myriam Cohen-Welgryn
President, Active Cosmetics
Email: myriam.cohen-welgryn@loreal.com
Phone: (212) 818-1500

34. Anda / Generic                    Trade Claim       $2,417,461

2915 Weston Road
Weston, Fl 33331
United States
Andrew Moore, President
Email: Andrew.Moore@Andanet.Com
Phone: 1-866-204-8492

35. Deloitte & Touche LLP             Trade Claim       $2,252,152
1633 Broadway
New York, NY 10019
United States
Jason Girzadas
Ceo, Deloitte US
Email: jgirzadas@deloitte.com
Phone: 415-783-4324

36. Divisions Inc Dba Divisions       Trade Claim       $2,224,473
300 Dave Cowens Drive,
1 Riverfront Place # 500
Newport, KY 47071
United States
Gary Mitchell, CEO
Email: gmitchell@divisionsinc.com

37. Cognira Inc                       Trade Claim       $2,151,245
Two Midtown Plaza,
1349 W Peachtree St Nw #1750
Atlanta, GA 30309
United States
Hatem Sellami, CEO
Email: hatem.sellami@cognira.com
Phone: (404) 548-8359

38. Living Essentials Corp            Trade Claim       $2,130,716
1550 Valley Vista Dr Ste 210
Diamond Bar, CA 91765
United States
Steve Ramsey, VP Of Sales
Email: steve@fivehour.com
Phone: (909) 590-1000

39. Purered                           Trade Claim       $2,082,004
220 Semel Circle NW
Atlanta, Ga 30309
United States
Donny Bradshaw, CFO
Email: donny.bradshaw@purered.net
Phone: (770) 498-4091

40. L. Perrigo Co.                    Trade Claim       $2,025,843
515 Eastern Ave
Allegan, MI 49010
United States
Patrick Lockwood-Taylor, CEO
Email: patrick.lockwood-taylor@perrigo.com
Phone: 269-673-8451

41. Berkley Insurance Company         Surety Bond       $2,000,000
W. R. Berkley Corporation                Claim
Greenwich, CT 6830
United States
Richard Baio, CFO
Email: richard.baio@berkley.com
Phone: 612.766.3100

42. Leo Burnett Company               Trade Claim       $1,986,411
35 West Wacker Drive
Chicago, IL 60601
United States
Aul Eichelman, CFO
Email: peichelman@leoburnett.com
Phone: (312) 220 5959

43. Staples, Inc.                     Trade Claim       $1,925,733
500 Staples Drive
Framingham, MA 1702
United States
Walker Johnson, CFO
Email: walker.johnson@staples.com
Phone: 508–253–5000

44. Springwise Facility Mgmt Inc      Trade Claim       $1,887,393
1822 South Bend Avenue
South Bend, IN 46637
United States
Bryan Wynen, CEO
Email: bryan.wynen@springwisefm.com

45. Hughes Network Systems Inc        Trade Claim       $1,833,835
11717 Exploration Lane
Germantown, MD 20876
United States
Jeff Boggs, VP, Finance
Email: jeff.boggs@hughes.com

46. LCP Orangevale, LLC              Lease Guaranty     $1,795,275
1313 North Market St, Suite 201          Claim
Wilmington, DE 19801
United States
Michael J. Barrie, Esq.
Counsel Attorney
Email: mbarrie@beneschlaw.com

47. 1010data Services, LLC            Trade Claim       $1,765,691
432 Park Ave S, 15th Floor
New York, NY 10017
United States
Inna Kuznetsova, CEO
Email: inna.kuznetsova@1010data.com
Phone: 650.250.4777

48. Harbor Distributing LLC           Trade Claim       $1,695,090
5901 Bolsa Ave
Huntington Beach, Ca 92647
United States
Chris Selwood, CFO
Email: cselwood@reyesholdings.com
Phone: (714) 933-2400

49. Mckesson Drug                     Trade Claim     Undetermined
6555 State Hwy 161
Irving, TX 75039
United States
Brian Tyler, CEO
Email: brian.tyler@mckesson.com
Phone:  (972) 446-480

50. Pension Benefit Guaranty         Pension Claim    Undetermined
Corporation
445 12th Street SW
Washington, Dc 20024
United States
Lisa Carter, CEO
Email: lisa.carter@pbgc.gov


ROCKY MOUNTAIN: Hires Lucove Say & Co. as Accountant
----------------------------------------------------
Rocky Mountain Imports, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to employ Lucove Say & Co. as
accountant.

The firm's services include:

   (i) consulting and overseeing the Debtor's books and records and
related financial information;

   (ii) preparing federal and state income tax returns; and

   (iii) otherwise addressing accounting matters, such as those
related to federal, state, and local tax reporting.

The firm will be paid at these rates:

     Richard A. Say, CPA     $300 per hour
     Cameron Say, CPA        $200 per hour
     Clerical                $50 per hour

The firm received from the Debtor a retainer of $7,500.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Say 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 at:

     Richard A. Say, CPA
     Lucove Say & Co.
     23901 Calabasas Road, Suite 2085
     Calabasas, CA 91302-3380
     Tel: (818) 224-4411
     Fax: (888) 223-8900

              About Rocky Mountain Imports, LLC

Rocky Mountain Imports, LLC, doing business as Pikes Peak Rock
Shop, is a direct importer and wholesale distributor of minerals,
fossils and jewelry. Its customers include national parks, museums,
gift shops, multi-store chains, science and nature shops, rock &
gem shops, trading posts and local rock-hounds. The company
directly imports from Brazil, Peru, China, Morocco, and India, and
distributes its products to businesses across the U.S. and Canada.

Rocky Mountain Imports sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 25-10311) on January
21, 2025, with $96,089 in assets and $1,800,938 in liabilities.
Gary Greenwald, managing member, signed the petition.

Judge Michael E. Romero oversees the case.

The Debtor tapped the Law Offices of Kevin S. Neiman, PC as counsel
and Tammy Broadlick as bookkeeper.


RONBON LLC: Newtek Seeks to Prohibit Cash Collateral Access
-----------------------------------------------------------
Newtek Small Business Finance, LLC asked the U.S. Bankruptcy Court
for the Eastern District of New York to prohibit Ronbon LLC from
using cash collateral.

Newtek issued two loans to the Debtor. The first loan, in the
amount of $4.7 million, was made on June 26, 2017, to several
co-borrowers, including Ronbon LLC, for purposes such as a partner
buyout, debt refinancing, equipment purchase, SBA fees, and working
capital. The loan was secured by personal property collateral and a
$3 million mortgage on property owned by guarantor Matthew
Shendell.

As of April 8, 2025, the outstanding balance on the first loan was
approximately $4.15 million, with daily interest accruing at
$798.20 and additional fees permitted under loan documents.

The second loan, issued on October 2, 2017, was for $325,000 to
fund equipment purchases and working capital. It was also secured
by personal property and backed by guarantees from the same
parties. As of the petition date, $336,389.32 remained due on the
second loan, with $64.63 in daily accruing interest.

Both loans were cross-collateralized and cross-defaulted, meaning
default on one loan would trigger default on the other.

Fondue LLC, a co-borrower, filed for Chapter 11 in 2023 but was
dismissed in 2024. Following the dismissal, Newtek filed a lawsuit
in New York state court to collect on the loans and subsequently
moved for summary judgment. In response, the Debtor filed for
bankruptcy on April 8, 2025.

Ronbon's bankruptcy schedules listed Newtek as the largest creditor
with secured and unsecured claims totaling over $3.7 million. The
Debtor proposed a $1,500 monthly payment to Newtek in its cash
collateral motion, which is significantly less than the $25,000
monthly payment the Debtor had previously offered. Newtek objected
to the use of its cash collateral, asserting that the proposed
payment fails to adequately protect its interest, especially given
that it does not cover the accruing interest on the loans.

                          About Ronbon LLC

Ronbon LLC, engaged in the restaurant industry, operates The
Ainsworth Hoboken, a popular dining and bar venue located at 310
Sinatra Drive in Hoboken, NJ.
Ronbon LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 25-41700) on April 8, 2025. In its
petition, the Debtor reports total assets of $1,227,446 and total
liabilities of $7,122,070.

Honorable Bankruptcy Judge Nancy Hershey Lord handles the case.

The Debtor is represented by Fred S. Kantrow, Esq. at THE KANTROW
LAW GROUP, PLLC.

Newtek Small Business Finance, LLC, as lender, is represented by:

Matthew Burrows, Esq.
CHARTWELL LAW
One Battery Park Plaza, Suite 701
New York, NY 10004-1445
Telephone: (212) 968-2300
e-mail: mburrows@chartwelllaw.com

      -and-

John J. Winter, Esq.
CHARTWELL LAW
700 American Avenue, Suite 303
King of Prussia, PA 19406
Telephone: (610) 666-8437
Telecopier: (610) 666-7704
e-mail: jwinter@chartwelllaw.com




SIRENS SONG: Hires Silver Voit Garrett & Watkins as Counsel
-----------------------------------------------------------
Sirens Song Marketing, LLC d/b/a Siren's Song Hospitality, seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Alabama to employ Silver Voit Garrett & Watkins to handle its
Chapter 11 case.

The firm will be paid at these rates:

     Irving Silver            $425 per hour
     Lawrence B. Voit         $425 per hour
     Alexandra K. Garrett     $395 per hour
     Jason R. Watkins         $395 per hour
     Mechelle Musgrove        $300 per hour
     Olga Hock, paralegal     $115 per hour

The firm was paid a pre-petition retainer in the amount of $12,743,
and $1,738 as filing fee.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Alexandra K. Garrett, Esq., a partner at Silver Voit Garrett &
Watkins, 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 at:

     Alexandra K. Garrett, Esq.
     Jason R. Watkins, Esq.
     Silver Voit Garrett & Watkins,
     Attorneys at Law, P.C.
     4317-A Midmost Dr.
     Mobile, AL 36609-5589
     Tel: (251) 343-0800
     Email: agarrett@silvervoit.com
            jwatkins@silvervoit.com

              About Sirens Song Marketing, LLC
               d/b/a Siren's Song Hospitality

Sirens Song Marketing, LLC provides cleaning and laundry services
for vacation properties in Alabama's Gulf Coast and Gatlinburg,
Tennessee.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Ala. Case No. 25-11041) on April 17,
2025. In the petition signed by Shields W. Smith Jr, owner, the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge Jerry C. Oldshue oversees the case.

Alexandra K. Garrett, Esq., at Silver Voit Garrett & Watkins,
represents the Debtor as legal counsel.


SOUTHFIELD VENTURES: Court Dismisses Bankruptcy Case
----------------------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan dismissed the bankruptcy case of
Southfield Ventures LLC.

The Debtor in this case has failed to timely file numerous required
documents, all  of which were required to be filed no later than
April 9, 2025, under Fed. R. Bankr. P. 1007 and 2016(b)(1), L.B.R.
1007-4(a) and 1007-4(b) (E.D. Mich.), and L.B.R. 1074-1 (E.D.
Mich.), including the required documents listed below. Further, a
request for an extension of time has not been timely filed.

The Court retains jurisdiction to rule on the motion filed on April
15, 2025 by The City of Southfield, Michigan, entitled "Motion of
City of Southfield, Michigan for Dismissal of Case with Prejudice
and for Bar Against Future Filings and for In Rem Relief", to the
extent that Motion seeks relief in addition to the dismissal of
this case.

Under 11 U.S.C. Sec. 105(a), the Debtor is barred from filing any
new bankruptcy case(s) in any bankruptcy court anywhere until the
Motion has been either withdrawn or otherwise resolved by an order
of this Court.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=eoIuAl from PacerMonitor.com.

                   About Southfield Ventures LLC

Southfield Ventures LLC owns the property located at 28100 Franklin
Road, Southfield, MI 91356.

Southfield Ventures LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-43322) on March 26,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million.

Honorable Bankruptcy Judge Thomas J. Tucker handles the case.

The Debtor is represented by Bruce R. Babcock, Esq. at LAW OFFICE
OF BRUCE R. BABCOCK.


SPEARMAN AEROSPACE: Court Extends Cash Collateral Access to July 31
-------------------------------------------------------------------
Spearman Aerospace, Inc. received another extension from the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division, to use cash collateral.

The third interim order signed by Judge Deborah Saltzman extended
the company's authority to use cash collateral from April 30 to
July 31 to pay the expenses set forth in its budget.

As protection for any diminution in the value of their collateral,
secured creditors were granted replacement liens on post-petition
assets (excluding Chapter 5 claims and the pre-bankruptcy retainer
provided to Echo Park Legal, APC,), with the same validity and
priority as their pre-bankruptcy liens.

The next hearing is scheduled for July 29.

                     About Spearman Aerospace Inc.

Spearman Aerospace, Inc. manufactures high-precision components for
the aerospace industry, specializing in parts for landing gear
assemblies, door pivots, and gearboxes. It utilizes advanced CNC
technology to produce these components for satellite or space
applications and other aerospace needs.

Spearman Aerospace filed Chapter 11 petition (Bankr. C.D. Calif.
Case No. 25-10917) on February 6, 2025, listing between $1 million
and $10 million in both assets and liabilities.

Judge Deborah J. Saltzman handles the case.

The Debtor is represented by:

     M. Douglas Flahaut, Esq.
     Echo Park Legal, APC
     2210 Sunset Blvd. 301
     Los Angeles, CA 90026
     Tel: 310-709-0658
     Email: df@echoparklegal.com


SPENCER SPIRIT: Moody's Cuts CFR to 'B2', Outlook Stable
--------------------------------------------------------
Moody's Ratings downgraded Spencer Spirit IH LLC's ("Spencer
Spirit") Corporate Family Rating to B2 from B1, Probability of
Default Rating to B2-PD from B1-PD and senior secured first lien
term loan B rating to B2 from B1. The outlook remains stable.

The downgrades reflect the expected material negative impact to
Spencer Spirit's operating performance from the imposition of
tariffs on international suppliers and weakening consumer demand.
The company has significant sourcing exposure to China which
continues to face prohibitive tariffs and will require price
increases to an already challenged consumer. Moody's also expects
Spencer Spirit's suppliers will need to absorb some portion of
these higher costs and the company will need to diversify its
geographic sourcing exposure from China. Moody's projects
debt/EBITDA and EBITA/Interest could weaken to between 4.0x-5.0x
and 1.25x-1.75x, respectively over the next 12-18 months from 1.6x
and 5.2x, respectively at LTM 11/9/24, if the current tariff levels
persist. Given that the vast majority of earnings are generated
during the Halloween period, Moody's believes the company is even
more exposed to near term tariffs rates as it orders to support
this crucial season.

RATINGS RATIONALE

Spencer Spirit IH LLC's B2 CFR is constrained by its limited scale,
almost complete exposure to overseas production (including
significant China sourcing exposure) and reliance on mall traffic
and discretionary spending by 18-24 year-olds at its Spencer Gifts
LLC line. In particular, Spencer Spirit will need to rework its
sourcing model given the onerous tariffs imposed on Chinese
imports. While the company continues to invest in its digital and
omnichannel capabilities, it is also exposed to the secular shift
to online spending. Spencer Spirit's very high seasonality, with
most of its profitability and cash flow generated in the third
quarter (coinciding with Halloween), also constrains its credit
profile. Spencer Spirit benefits from solid execution, which has
driven consistent growth in its Spirit Halloween business line and
led the company to become a market leader for Halloween costumes,
home decor, animatronics and accessories, offsetting recent sales
weakness at Spencer Gifts. The rating is also supported by Spencer
Spirit's expected good liquidity over the next 12-18 months,
including high cash balances except for peak seasonal working
capital periods and ample availability under its asset-based
revolving credit facility (ABL) revolver despite projected
weakening performance.

The stable outlook reflects Moody's expectations that Spencer
Spirit can navigate the near-term operational challenges while
maintaining adequate credit metrics for the rating category and
good liquidity over the next 12-18 months.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

An upgrade would require a successful absorption of tariff costs at
both Spencer's and Spirit as well as supply chain diversification
while maintaining at least good liquidity. Maintenance of
conservative financial strategies is also expected such that
debt/EBITDA is sustained below 4.0 times and EBITA/interest expense
above 2.0 times.

The ratings could be downgraded if operating performance
deteriorates, or liquidity weakens, including consistent negative
free cash flow generation. Ratings could also be downgraded if the
company undertakes aggressive financial strategies. Quantitatively,
the ratings could be downgraded if debt/EBITDA is sustained above
5.0 times or EBITA/interest is below 1.5 times.

Spencer Spirit IH LLC ("Spencer Spirit") is an intermediate holding
company of Spencer Gifts LLC and Spirit Halloween Superstores LLC.
The company operated 681 Spencer's and 1,535 Spirit stores at its
peak during the last-twelve-month period ending February 1, 2025
and generated revenue of about $1.88 billion for the
last-twelve-months ended February 1, 2025. Spencer Spirit is
predominantly owned by senior management.

The principal methodology used in these ratings was Retail and
Apparel published in November 2023.


STAR PUMP: Unsecured Claims Under $2K to Recover 10% in Plan
------------------------------------------------------------
Star Pump Down Services, LLC, filed with the U.S. Bankruptcy Court
for the Western District of Texas a Plan of Reorganization dated
March 31, 2025.

The Debtor shall continue to be managed by managers. Chad Elliott
as member (President) of the Debtor may designate persons to serve
as managers. The initial manager under the Confirmed Plan shall be
Chad Elliott.

This Plan is intended to treat and resolve all Claims against the
Debtor, the Estate and/or property of either of whatever character,
whether contingent or liquidated, or whether allowed by the
Bankruptcy Court pursuant to Section 502(a) of the Bankruptcy Code.
The Plan is designed to ensure that Claimants shall receive at
least as much pursuant to this Plan as they would receive in a
liquidation pursuant to chapter 7 of the Bankruptcy Code.

Class 5 shall consist of the holders of Allowed General Unsecured
Claims totaling less than $2,000 who do not timely submit ballots
containing an election to be treated as members of Class 6. Members
of this Class will be paid ten percent of their claim amounts on
the Effective Date. Class 5 is impaired.

Class 6 shall consist of the holders of Allowed General Unsecured
Claims who are not members of Class 5. Members of Class 6 will
receive their pro rata shares of the following payments to be made
by the Debtor on account of Class 6 Claims: ten thousand dollars
per month during the two-year period after the Effective Date;
followed by twenty-five thousand dollars per month during the
subsequent six-year period. Class 6 shall receive total payments in
the amount of $2,040,000. Class 6 is impaired.

Class 7 shall consist of the Equity Interest of the Debtor. The
Class 7 Equity Interest shall be retained and preserved subject to
payment of the Claims under the Plan. Class 7 is not impaired.

The Plan will be funded from the revenues generated from the
Debtor's future business operations.

A full-text copy of the Plan of Reorganization dated March 31, 2025
is available at https://urlcurt.com/u?l=TeyzCz from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Stephen Sather, Esq.
     Barron & Newburger P.C.
     7320 N. Mopac Expressway, Ste. 400
     Austin, TX 78731
     Telephone: (512) 476-9103
     Email: ssather@bn-lawyers.com

                     About Star Pump Down Service

Star Pump Down Service LLC is dedicated to providing services in
the pump down industry.

Star Pump Down Service LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-11506) on
November 29, 2024. In the petition signed by Chad Elliott,
president, the Debtor reports total assets of $5,146,614 and total
liabilities of $7,061,694.

Honorable Bankruptcy Judge Shad Robinson handles the case.

Stephen Sather, Esq., at Barron & Newburger PC serves as the
Debtor's counsel.


SYSOREX GOVERNMENT: Seeks to Sell Business at Auction
-----------------------------------------------------
Sysorex Government Services, Inc., seeks permission from the U.S.
Bankruptcy Court for the Southern District of New York to Sell
Property at Auction, free and clear of liens, interests, and
encumbrances.

The Debtor provides information technology solutions primarily to
federal, state and local governments. These solutions include
cybersecurity, professional services, engineering support, IT
consulting, enterprise level technology, networking, wireless, help
desk and custom IT solutions. Since its founding, SGS has served
its customers by offering products and services from key industry
vendors such as Aruba, Cisco, Dell, GETAC, Microsoft, Panasonic,
Samsung, TidalWave, ShawnTech, Tek84 and others. The Debtor
provides its customers with comprehensive solutions incorporating
leading products and services across a variety of technology
practices and platforms such as cyber, cloud, networking, security,
and mobility. SGS utilizes its professional services, consulting
services and partners to develop and implement these solutions.
SGS's sales and marketing efforts in collaboration with its vendor
partners allow it to reach multiple public sector customer segments
in federal, state and local governments, as well as educational
institutions.

The Debtor experienced funding difficulties that have disrupted its
ability to fulfill existing orders and to take advantage of new
opportunities. This in turn has depressed the Debtor's revenue and
caused it to obtain financing from SouthStar, which further
decreases its margins.

The Debtor requests approval of its proposed Bidding Procedures,
Purchase Agreement, notices for the Auction and Sale Hearing and
following the Sale Hearing, the Sale to the successful bidder.

The Debtor has been marketing its assets and Business for
approximately three years, and works with broker Timothy Orr of
Jameson Capital, LLC to market and pursue a sale of the Business.

To ensure that the Debtor receives the maximum value for the sale
of the Business, the Debtor has begun actively marketing the
Business and soliciting potential bidders and, based on the level
of interest to date, intends to conduct an Auction.

Each Bid must be delivered to the Bid Notice Parties in writing on
or before May 27, 2025 at 5:00 p.m. (EST).

Each Bid must be accompanied by a cash deposit, paid by wire
transfer of immediately available funds or a certified check, in
the amount of 10 percent of the purchase price.

The Debtor shall determine which Bid is the highest and best Bids
for the Business and the minimum bid is $$2 million.

If multiple Qualified Bids are submitted by the Bid Deadline, the
Debtor will conduct the Auction to determine the highest and
otherwise best Qualified Bid with respect to such Business.

The initial Overbid after and above the Auction Baseline Bid will
be in an amount of 105% of the Auction Baseline Bid.

Any Overbid after and above the Initial Overbid shall be made in
increments of $100,000, in cash or in
cash equivalents.

The Auction will continue until the Debtor selects the Bid that
represents the highest and otherwise best offer for the Business.

The Bid Deadline will be on May 27, 2025 at 5:00 p.m. EST.

The Auction to be held at the offices of Cullen and Dykman LLP, One
Battery Park Plaza, 34th Fl., New York, NY 10004  on May 29, 2025
at 10:00 a.m. EST.

The Sale Closing will be on the third business day following the
satisfaction of the conditions to Closing.

The Debtor proposes to authorize the sale, free and clear of any
pledges, liens, security y interests, encumbrances, claims,
charges, options and interests.

           About Sysorex Government Services, Inc.

Sysorex Government Services, Inc.  provides information technology
solutions primarily to federal, state and local governments. Its
solutions include cybersecurity, professional services, engineering
support,
IT consulting, enterprise level technology, networking, wireless,
help desk and custom IT solutions. Since its founding, SGS has
served its customers by offering products and services from key
industry vendors such as Aruba, Cisco, Dell, GETAC, Microsoft,
Panasonic, Samsung, TidalWave, ShawnTech, Tek84 and others. The
Debtor provides its customers with comprehensive solutions
incorporating leading products and services across a variety of
technology practices and platforms such as cyber, cloud,
networking, security, and mobility. SGS utilizes its professional
services, consulting services and partners to develop and implement
these solutions. SGS’s sales and marketing efforts in
collaboration with its vendor partners allow it to reach multiple
public sector customer segments in federal, state and local
governments, as well as educational institutions.

Sysorex Government Services sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-10920 (JPM) on
May 5, 2025.

Judge John P Mastando III presides over the case.

Michelle McMahon, Kyriaki Christodoulou, and Ralph E Preite of
Cullen And Dykman LLP represent the Debtor as legal counsel.


TD&H INC: Unsecured Creditors to Split $225K in Plan
----------------------------------------------------
TD&H, Inc., submitted a Third Amended Plan of Reorganization for
Small Business dated April 1, 2025.

The Debtor asserts that it has a claim against Travis High in the
amount of $420,000.00.

Mr. high and his wife, Maiya Smith, are members of The Evergreen
Estate, LLC. Mr. High deposited his personal funds into the
Debtor's accounts to cover payments to the merchant capital advance
loans, until he no longer had the financial ability to do so. Mr.
High took out several other MCAs in order to cover the initial MCA
loans. The remaining balances owed to the MCAs totals approximately
$297,000.00

The Debtor, Mr. High, Mrs. Smith and Evergreen (collectively,
"Settlement Parties") have entered into a settlement agreement,
subject to Court approval, to settle all claims that may exists
between the Settlement Parties ("Settlement Agreement"). The terms
and conditions of the Settlement Agreement are as follows:

     * The Debtor shall receive a lump sum payment of $100,000.00
upon the sale of the Real Property ("Initial Settlement Payment");

     * Mr. high shall execute a promissory note in the amount of
$150,000.00;

     * The promissory note shall be secured by a Deed of Trust
encumbering the real property owned by Ms. Smith;

     * Mr. High shall relinquish his shares in TD&H, Inc.

Class 11 consists of General Unsecured Claims. The Debtor
anticipates that the Allowed Claims of Class 11 General Unsecured
Claims will total approximately $721,486.63, which includes the
general unsecured claims of Truist, Vox, Knightsbridge, LG,
Pinnacle and First Citizens. Based on the liquidation value of the
estate, the Debtor proposes to pay $6,000.00 to the Class 11
General Unsecured Claims.

The Debtor will pay to the general unsecured claimants its
Disposable Income for no less than 3 years from the date that the
first distribution is due under the Plan. The Debtor's Disposable
Income will be $225,000.00 of the recovery from the claims against
Mr. High. The Allowed Claims of Class 11 General Unsecured Claims
shall receive a pro rata share of $225,000.00.

The Allowed Class 11 General Unsecured Claims shall receive a pro
rata share of $75,000.00 of the Initial Settlement Payment on or
before December 31, 2025. Thereafter, Class 11 claimants shall
receive an annual pro rata distribution of the Ongoing Settlement
Proceeds. Annual payments shall be disbursed on or before December
31st each year, beginning in 2025 and continuing through and
including a final disbursement in December 2029.

In addition, Class 11 General Unsecured Claims shall receive any
and all funds recovered from any Sections 547 and 548 actions, less
the costs of recovery and shall be distributed on a pro rata basis
to Class 11 General Unsecured Claims within 20 days of receipt of
said funds.

The Debtor will fund payments under the Plan from continued
business operations, liquidation of certain assets and from the
Initial Settlement Payment and Ongoing Settlement Payments.

A full-text copy of the Third Amended Plan dated April 1, 2025 is
available at https://urlcurt.com/u?l=DFO3kC from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Samantha K. Brumbaugh, Esq.
     McClellan, Siegmund, Brumbaugh
     & McDonough, LLP
     PO Box 3324
     Greensboro, NC 27402
     Tel: (336) 274-4658
     Email: skb@iveymcclellan.com

                        About TD&H Inc.

TD&H, Inc. filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 24-10392) on June
25, 2024, listing $652,317 in assets and $2,207,775 in liabilities.
The petition was signed by Huntly Nero, president.

Judge Benjamin A. Kahn presides over the case.

Samantha K. Brumbaugh, Esq. at Ivey, Mcclellan, Siegmund, Brumbaugh
& Mcdonough, LLP, is the Debtor's legal counsel.


TECH RABBIT: Hires David C. Johnston as Legal Counsel
-----------------------------------------------------
Tech Rabbit Inc. fdba Tech Firefly seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to employ
David C. Johnston, an attorney practicing in California, as its
legal counsel.

Mr. Johnston's services include:

     a. giving the Debtor legal advice about various bankruptcy
options, including relief under Chapters 7 and 11, and legal advice
about non-bankruptcy alternatives for dealing with the claims
against it;

     b. giving the Debtor in Possession legal advice about its
rights, powers, and obligations in the Chapter 11 case and in the
management of the estate;

     c. taking necessary action to enforce the automatic stay and
to oppose motions for relief from the automatic stay;

     d. taking necessary action to recover and avoid any
preferential or fraudulent transfers and to exercise the Debtor in
Possession's strong-arm powers;

     e. appearing with the Debtor's designated representative,
Navjot Singh, at the meeting of creditors, initial interview with
the U.S. Trustee, status conference, and other hearings held before
the Court;

     f. reviewing and if necessary, objecting to proofs of claim;
and

     g. preparing a plan of reorganization and a disclosure
statement (if required) and taking all steps necessary to bring the
plan to confirmation, if possible.

He will be paid at $400 per hour.

Mr. Johnston will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Prior to the filing of the Chapter 11 petition, the Debtor paid
$7,500 to Mr. Johnston.

David C. Johnston, 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.

He can be reached at:

     David C. Johnston, Esq.
     1600 G Street, Suite 102
     Modesto, CA 95354
     Tel: (209) 579-1150
     Fax: (209) 900-9199

              About Tech Rabbit Inc.

Tech Rabbit Inc., formerly doing business as Tech Firefly, sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
N.D. Calif. Case No. 25-50353) on March 14, 2025. At the time of
the filing, the Debtor reported between $100,001 and $500,000 in
assets and between $500,001 and $1 million in liabilities.

Judge Stephen L. Johnson oversees the case.

David C. Johnston, Esq., at the Law Offices of David C. Johnston
represents the Debtor as bankruptcy counsel.


THINK DEVELOPMENT: Taps Harish Srinivasan Iyer as Accountant
------------------------------------------------------------
Think Development Systems, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Harish Srinivasan Iyer, CPA as accountant.

The firm's services include:

   i. providing ordinary course bookkeeping services;

   ii. assisting the Debtor in preparing and filing its tax
returns;

   iii. analyzing financial data and preparing financial reports as
necessary to comply with orders of the Court and requests from the
U.S. Trustee and other parties-in-interest; and

   iv. rendering other essential accounting duties necessary to
ensure the accuracy of information presented to the Court and
parties in interest in this case.

The firm will be paid at these rates:

     Harish Srinivasan Iyer, CPA   $525 per hour
     Accounting Clerk              $275 per hour
     Office Assistant              $125 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

As 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 at:

     Harish Srinivasan Iyer, CPA
     6000 Live Oak Pkwy
     Norcross, GA 30093
     Tel: (404) 474-1554

              About Think Development Systems, Inc.

Think Development Systems Inc. operates as a software solutions
provider specializing in custom programming, computer facilities
management, and consulting services. The company provides supply
chain management software solutions and IT staffing services to
government, retail, distribution, and manufacturing sectors.

Think Development Systems Inc. sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-50856) on
January 27, 2025. In its petition, the Debtor reports estimated
assets and liabilities between $1 million and $10 million each.

The Debtor is represented by Will B. Geer, Esq. at Rountree Leitman
Klein & Geer LLC.


THINK GOODNESS: Hires Mesch Clark Rothschild as Counsel
-------------------------------------------------------
Think Goodness, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Arizona to employ Mesch Clark Rothschild as
counsel.

The firm will render these legal services:

     (a) advise the Debtor regarding its powers and duties in the
continued operation and management of its property;

     (b) take required action to recover certain property and money
owed to the Debtor, if necessary;

     (c) prepare legal papers; and

     (d) perform all other legal services the Debtor deems
necessary.

The hourly rates of the firm's counsel and staff are:

     Michael McGrath           $650 per hour
     Frederick J. Petersen     $575 per hour
     Isaac D. Rothschild       $525 per hour
     Other Attorneys           $300 to $650 per hour
     Paraprofessionals         $125 to $265 per hour

In addition, the firm will seek reimbursement for expenses
incurred.

Mr. McGrath disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Michael McGrath, Esq.
     Mesch Clark Rothschild
     259 North Meyer Avenue
     Tucson, AZ 85701
     Telephone: (520) 624-8886
     Facsimile: (520) 798-1037
     Email: mmcgrath@mcrazlaw.com

              About Think Goodness, LLC

Think Goodness, LLC, a company in Gilbert, Ariz., offers a curated
selection of jewelry, skincare, makeup, and wellness products. It
focuses on providing thoughtfully designed, customizable items from
reputable brands, aiming to enhance both appearance and well-being.
Originally known as Origami Owl, Think Goodness transitioned from a
multi-level marketing (MLM) model to a single-level distribution
model as of Sept. 1, 2023.

Think Goodness filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-01160) on February
12, 2025, listing between $1 million and $10 million in both assets
and liabilities.

The Debtor is represented by Grant L. Cartwright, Esq. at May
Potenza Baran & Gillespie, P.C.


TINY FROG: Hires Dale B. Harris CPA CGMA as Accountant
------------------------------------------------------
Tiny Frog, Inc. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of North Carolina to employ Dale B. Harris,
CPA, CGMA as accountant.

The firm's services include:

   a) preparing state, federal, and local tax returns and
schedules;

   b) reviewing claims and assisting the undersigned to evaluate
the accuracy of tax claims filed;

   c) calculating and running payroll, calculating payroll taxes,
and filing necessary payroll tax returns; and

   d) advising the Debtor and Debtor’s counsel with respect to
reporting, accounting, payroll, bookkeeping, and tax matters.

The firm will be paid at these rates:

     Accountants    $250 per hour
     Staffs         $95 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ms. Harris 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 at:

     Dale B. Harris, CPA, CGMA
     P.O Box 1404
     Dunn, NC 28335

              About Tiny Frog, Inc.

Tiny Frog, Inc. operates multiple franchise locations of Hwy 55
Burger Shakes & Fries, a fast-casual dining chain specializing in
burgers, shakes, and fries, under franchise agreements with The
Little Mint, Inc.

Tiny Frog filed Chapter 11 petition (Bankr. E.D. N.C. Case No.
25-01081) on March 25, 2025, listing up to $50,000 in assets and up
to $10 million in liabilities. Alexis Ramos, president of Tiny
Frog, signed the petition.

Judge Joseph N. Callaway oversees the case.

David F. Mills, Esq., at Narron Wenzel, P.A., represents the Debtor
as legal counsel.


UNITI GROUP: Fitch Keeps 'B+' IDR on Watch Negative
---------------------------------------------------
Fitch Ratings has maintained Uniti Group Inc.'s, Uniti Group L.P.'s
and Uniti Fiber Holdings' 'B+' IDRs on Rating Watch Negative (RWN).
Fitch has also maintained the secured 'BB+' ratings with a Recovery
Rating of 'RR1' and 'B-'/'RR6' unsecured ratings on RWN. In
addition, Fitch has assigned a rating of 'B-'/'RR6' to Uniti Fiber
Holdings' unsecured debt.

The ratings were placed on RWN in May 2024 after Uniti announced
its acquisition of Windstream Services, LLC. Fitch expects the
combined company to be rated 'B+' or lower. Uniti's standalone
ratings reflect stable revenue and EBITDA due to long-term lease
payments from Windstream, given master lease agreements to stay
intact at close.

Fitch expects to resolve the Rating Watch once the transaction is
complete under the announced terms.

Key Rating Drivers

Windstream Acquisition: On May 3, 2024, Uniti announced its
acquisition of Windstream. The merger is expected to close in 2H25,
subject to customary closing conditions and approvals. Post-merger,
Uniti shareholders will hold approximately 62% of common equity of
the combined company. Windstream shareholders will receive $425
million of cash, $575 million of preferred equity in the new
combined company, and common shares representing approximately 38%.
Uniti obtained shareholder approval on the proposed merger in April
2025.

The merger will position the combined company in Tier II and Tier
III markets and result in significant synergies and elimination of
inefficiencies. The company has guided to up to $100 million in
opex and $20 million-$30 million in capex synergies. Windstream
shareholders will additionally receive non-voting warrants to
acquire up to 6.9% of common shares of the combined company. Uniti
expects to fund the $425 million of cash consideration to
shareholders of Windstream from operations, revolver borrowings
and/or future capital markets transactions.

Revenue and Cash Flow Stability: Fitch expects the combined revenue
and EBITDA of approximately $3.7 billion and $1.6 billion at FYE
2025. In addition to the stable long-term lease payments from
Windstream, Uniti's standalone ratings incorporate expectations for
growth in its non-Windstream leasing business, as well as in its
fiber segment. Fitch expects Uniti to derive over one-third of its
revenue from telecommunications entities other than Windstream, and
through contracts providing fiber capacity to wireless carriers,
enterprise, wholesale carriers and government entities.

The master leases with Windstream produced approximately $675
million in cash revenue in 2024 and will grow slightly due to
escalators over time. Returns on Uniti's funding of growth capital
improvements (GCIs) are incremental to this amount. The master
lease expires on April 30, 2030. Fitch believes that although the
MLA arrangement may continue post-close, the acquisition
significantly reduces risk related to non-renewal under the common
ownership.

Elevated Leverage: The combined company's pro forma net leverage
was approximately 5.6x at YE 2024. Fitch expects leverage to
increase to high-5x in 2025 due to revenue and EBITDA pressures
from Windstream's legacy revenue and high capex for FTTH
deployments to an additional million households. Windstream pulled
forward the fiber investment, aiming to reach two million
subscribers by the end of 2025 (from the earlier guidance of
approximately 1.9 million by 2027). The company passes through 37%
of its footprint and plans to pass through 43% by YE2025. On a
standalone basis, Uniti's Fitch-calculated net leverage was 6.3x at
YE 2024.

Solid Liquidity: Liquidity at Dec. 31, 2024 was approximately $655
million, consisting of cash of approximately $155 million and
revolver availability of approximately $500 million. The $500
million revolving facility matures in September 2027. Windstream's
term loan and revolver mature in 2031 and 2027, respectively, and
$2.2 billion of combined senior secured notes are due in 2031.
Fitch expects REIT interest coverage to remain near 2.0x over the
forecast.

FCFs Remain Weak: Fitch expects FCFs to remain weak due to high
capex over the next two to three years. FCFs are expected to
improve after 2027 as capex intensity declines. FCF improvement
will be supported by the step down in the company's obligations on
Windstream's settlement payments, with the last payment in 3Q25,
and as GCI funding commitments gradually step down to $125 million
from $225 million annually.

Parent-Subsidiary Linkage: Fitch equalizes Uniti Group Inc. and
Uniti Fiber Holdings Inc.'s IDRs using a stronger subsidiary/weaker
parent approach, based on open legal ringfencing and access and
control. Uniti Group Inc. and Uniti Group LP's ratings are the
same, as the parent is rated at the consolidated group profile
level. Fitch will likely equalize Uniti and Windstream's ratings
with the combined parent under its stronger parent path. Strategic
incentive is high due to the subsidiaries' financial contributions
and the critical advantage of combining an Opco and Propco.
Operational incentive is high due to common ownership and
elimination of inefficiencies post-merger.

Standalone Tenant Concentration: Windstream's master leases provide
approximately 68% of Uniti's revenue. At the time of the spinoff,
nearly all revenue was from Windstream. Improved diversification
is a positive for the company's credit profile, as major customer
verticals outside of Windstream consist of large wireless carriers,
national cable operators, government agencies and education.

Peer Analysis

Uniti's network is one of the largest independent fiber providers
in the U.S., along with Zayo Group Holdings, Inc. The business
models of Uniti and Zayo are unlike the wireline business of
communications services providers, including AT&T Inc.
(BBB+/Stable), Verizon Communications Inc. (A-/Stable) and Lumen
Technologies (CCC+). Uniti and Zayo are infrastructure providers,
which may be used by communications service providers to offer
retail services including wireless, voice, data and internet.

The Windstream acquisition provides access to Windstream's 4.3
million Kinetic households. The combined company will own 237,000
national wholesale fiber route miles, with first mover advantage in
Tier II and Tier III markets.

Uniti will de-REIT on acquisition close. Currently, as the only
fiber-based telecommunications REIT, Uniti has no direct peers.
Uniti was formed through the spinoff of a significant portion of
Windstream's fiber optic and copper assets. Windstream retained
the electronics necessary to continue as a telecommunication
services provider. Uniti's operations are geographically diverse,
spread across more than 30 states, while the assets under the
master lease with Windstream provide adequate scale.

In comparison to Frontier Communications Parent, Inc. (B+/RWP),
standalone Windstream has less exposure to the residential market.
The residential market held up relatively well during the
coronavirus pandemic but continues to face secular challenges. WIN
derives approximately one-third of revenues from consumers whereas
Frontier generates over half of consumer revenues. Frontier will
have a slightly larger scale than the combined company and operates
at slightly lower leverage compared with combined company's
expected leverage near 6x.

Key Assumptions

For the Combined Company

- Fitch has assumed $3.7 billion of pro forma 2025 revenue for the
combined Uniti and Windstream;

- Pro forma 2025 EBITDA in the range of $1.5 billion-$1.6 billion
in 2025 and 2026;

- Combined pro forma capex expected to be $1.3 billion in 2025 and
$1.1 billion in 2026;

- Leverage near the 6x range.

Uniti Standalone

- Revenue growth in the low single digits over Fitch's forecast
from 2025 to 2028;

- EBITDA margins in the 79%-80% range over the forecast;

- Net success-based capital spending near $280 million in 2025, in
line with the company's public net success-based capex guidance for
fiber and leasing;

- Fitch has reflected the terms of the settlement agreement with
Windstream, including the settlement obligations and the funding of
certain Windstream growth capital improvements;

- Dividend of roughly $110 million in 2024; no dividends assumed in
forecast as Uniti suspended dividends starting in 2025.

Recovery Analysis

The recovery analysis assumes that Uniti would be considered a
going concern in a bankruptcy and that the company would be
reorganized rather than liquidated. Fitch has assumed a 10%
administrative claim. The recovery analysis reflects Uniti's
standalone credit silo waterfall. The revolver is assumed to be
fully drawn.

The going-concern EBITDA estimate reflects Fitch's view of
sustainable, post-reorganization EBITDA, upon which Fitch bases the
valuation of the company. This leads to a post-reorganization
EBITDA estimate of $700 million. EBITDA pressures could also result
from increased competitive pressures from other fiber
infrastructure companies.

Post-reorganization valuation uses a 6.0x enterprise value
multiple. The multiple reflects the high-margin, large contractual
backlog of revenue and high asset value of the fiber networks.
Fitch uses this multiple for fiber-based infrastructure companies,
for which historical transaction multiples are in in the
high-single-digit range.

The multiple is in line with the range for telecom companies
published in Fitch's "Telecom, Media and Technology Bankruptcy
Enterprise Values and Creditor Recoveries" report. The most recent
report indicates a median of 5.4x.

Other communications infrastructure companies, such as tower
operators, trade at enterprise value multiples in the double
digits. Tower companies have lower asset risk and higher growth
prospects, leading to multiples near 15x- 20.0x. Tower operators
have low churn, as switching costs are high for customers to avoid
service disruptions.

The recovery analysis produces a Recovery Rating of 'RR1' for the
secured debt, reflecting strong recovery prospects, and 'RR6' for
the senior unsecured debt, reflecting the lower recovery prospects
of unsecured debt, given its position in the capital structure.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Uniti's RWN could be resolved and ratings could be downgraded to
'B' if there is an expectation at close of the announced
acquisition that credit metrics of the combined parent company are
not in line with 'B+' telecom rated peers. The ratings could also
be downgraded in the event the Windstream merger doesn't close and
ratings are outside the Fitch's stated sensitivities for the
standalone Uniti;

- On a standalone basis, Fitch's expectation that net
debt/recurring operating EBITDA is sustained above 6.5x or REIT
interest coverage is 2.0x or lower;

- If Windstream's rent coverage approaches 1.2x, a negative rating
action could occur. Rent coverage is measured as EBITDAR-net
capex/rents, but Fitch will also consider Uniti's revenue and
EBITDA diversification at that time. In determining net capex,
Windstream's gross capex would be reduced by GCI funded by Uniti.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- Uniti's RWN could be resolved and its IDR affirmed at 'B+' if
there is an expectation at close of the announced acquisition that
credit metrics of the combined parent company are in line with 'B+'
rated telecom peers. The ratings could also be affirmed in the
event the Windstream merger doesn't close and ratings are within
the Fitch's stated sensitivities for the standalone Uniti;

- On a standalone basis, Fitch's expectation that net
debt/recurring operating EBITDA is sustained below 5.5x, and REIT
interest coverage is 2.3x or higher;

- Demonstrated access to the common equity market to fund GCI,
other investments or acquisitions.

Liquidity and Debt Structure

Uniti had approximately $655 million of liquidity on Dec. 31, 2024,
consisting of unrestricted cash of approximately $155 million and
revolver availability of $500 million.

In early 2024, the company entered into an ABS bridge loan
agreement for a secured, multi-draw term loan facility of up to
$350 million. As of Dec. 31, 2024, the ABS loan had $275 million
outstanding. In February 2025, the company issued $589 million of
new ABS notes. The proceeds from the ABS notes were used to pay
down the ABS bridge loan facility and redeem $125 million of 2028
secured notes, with the remaining proceeds to be utilized for
capex. The ABS notes have an anticipated repayment date in April
2030.

Uniti established an at-the-market common stock offering program in
June 2020 that allows for issuance of up to $250 million of common
equity to keep the capital structure in balance when funding capex,
as well as to finance small transactions.

Issuer Profile

Uniti, which operates as a REIT, was formed through a spinoff from
Windstream Holdings, Inc. in April 2015. On May 3, 2024, the
company announced a re-merger with Windstream.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt         Rating                     Recovery   Prior
   -----------         ------                     --------   -----
Uniti Fiber
Holdings Inc.    LT IDR B+ Rating Watch Maintained           B+

   senior
   unsecured     LT     B- New Rating                RR6

   senior
   secured       LT    BB+ Rating Watch Maintained   RR1     BB+

Uniti Group LP   LT IDR B+ Rating Watch Maintained           B+

   senior
   unsecured     LT     B- Rating Watch Maintained   RR6     B-

   senior
   secured       LT    BB+ Rating Watch Maintained   RR1     BB+

Uniti Group Inc. LT IDR B+ Rating Watch Maintained           B+

   senior
   unsecured     LT     B- Rating Watch Maintained   RR6     B-


V850JACKSON LLC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: V850Jackson, LLC
        820 W. Jackson Blvd.
        Suite 550
        Chicago, IL 60607

Business Description: V850Jackson, LLC is engaged in real estate
                      investment and development.  The Company
                      focuses on acquiring, managing, and leasing
                      commercial properties such as office
                      buildings and retail spaces.

Chapter 11 Petition Date: May 5, 2025

Court: United States Bankruptcy Court
       Northern District of Illinois

Case No.: 25-06934

Judge: Hon. Janet S Baer

Debtor's Counsel: Ariel Weissberg, Esq.
                  WEISBERG AND ASSOCIATES, LTD.
                  125 South Wacker Drive, Suite 300
                  Chicago, IL 60606
                  Tel: 312-663-0004
                  Fax: 312-663-1514
                  Email: ariel@weissberglaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Andrew P. Vaccaro as manager.

A full-text copy of the petition, which includes a list of the
Debtor's 20 largest unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/XO7NALY/V850Jackson_LLC__ilnbke-25-06934__0001.0.pdf?mcid=tGE4TAMA


VEROBLUE FARMS: Wins Summary Judgment Bid in Cassels Lawsuit
------------------------------------------------------------
Chief Judge Thad J. Collins of the United States Bankruptcy Court
for the Northern District of Iowa granted in part and denied in
part VeroBlue Farms USA, Inc.'s motion for summary judgment in the
case captioned as VeroBlue Farms USA, Inc., et al., Plaintiffs vs.
Cassels Brock & Blackwell LLP, Defendant, Adversary No. 19-09015
(Bankr. N.D. Iowa). Cassels' motion for summary judgment is
denied.

On Feb. 12, 2019, VBF sent a written demand letter to Cassels,
requesting the turnover of all files related to Cassels' alleged
representation of VBF and its Canadian affiliate, VeroBlue Farms,
Inc. (“VBF Canada”). After some back and forth, Cassels
responded on March 20, 2019, refusing to produce any of the
requested documents.

VBF brought this adversary proceeding seeking the turnover of its
client file from Cassels. VBF asserts that an attorney-client
relationship existed between the parties, making the file its
property. Cassels denies having any files related to VBF and claims
it represented a separate entity, VBF Canada, and that all the
documents are related to that representation and are subject to
attorney-client privilege.

After reviewing the evidence and arguments, the Court concludes
that Cassels has failed to show that all of the documents at issue
are protected by attorney-client privilege, and summary judgment
for VBF is appropriate.

The Court finds Cassels has not shown that each of the documents --
or any document individually -- contained confidential
attorney-client communications made for the purpose of receiving
legal advice.

Because Cassels has failed to carry its burden despite numerous
opportunities, it has waived its privilege claim. The documents
will be treated as non-privileged and therefore subject to turnover
under 11 U.S.C. 542(e) as related to the property or financial
affairs of VBF The Court thus grants VBF's motion for summary
judgment as to section 542(e).

A copy of the Court's decision is available at
https://urlcurt.com/u?l=2B0yZn

Attorneys for VBF:

Dan Childers, Esq.
SHUTTLEWORTH & INGERSOLL P.L.C.
235 6th St. SE
Cedar Rapids, IA 52401
Phone: (319) 365-9461
E-mail: drc@ShuttleworthLaw.com

- and -

Robert Lang, Esq.
THOMPSON COBURN LLP
55 E Monroe St 37th Floor
Chicago, IL 60603
E-mail: rhlang@thompsoncoburn.com
Phone: (312) 580-2242

Attorneys for Cassels:

Brandon M. Schwartz, Esq.
Michael D. Schwartz, Esq.
SCHWARTZ LAW FIRM
988 Inwood Avenue North
Oakdale, MN 55128
Phone: (651) 528-6800

               About Veroblue Farms USA

Headquartered in Webster City, Iowa, VeroBlue Farms USA, Inc. --
http://verobluefarms.com/-- operates a fish farm specializing in
Barramundi, a freshwater fish found in the Indo-Pacific waters of
Australia. It created an innovative aquaculture system that
utilizes the natural elements of air, water and care.

VeroBlue Farms USA, Inc., VBF Operations Inc., VBF Transport Inc.,
VBF IP Inc., and Iowa's First Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Iowa Lead Case No. 18-01297)
on Sept. 21, 2018. In the petitions signed by Norman McCowan,
president, VeroBlue estimated assets of less than $50,000 and
liabilities of $50 million to $100 million.

The Debtors tapped Elderkin & Pirnie, PLC and Ag & Business Legal
Strategies, P.C. as their legal counsel; and Alex Moglia and his
firm Moglia Advisors as chief restructuring officer.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Oct. 24, 2018. The Committee retained
Goldstein & McClintock LLLP as its counsel.


VIA ESCUELA: Unsecureds to be Paid in Full in Sale Plan
-------------------------------------------------------
Via Escuela Consulting, LLC, filed with the U.S. Bankruptcy Court
for the Central District of California a Disclosure Statement
describing Plan of Reorganization dated April 1, 2025.

The is a Limited Liability California Corporation established in
2022. The Palm Springs property is vacant and the debtor is making
some minor construction to help enable it to be put up for sale in
a short time.

The Debtor's liabilities include secured loans with; Stormfilm
Capital and Ting Ting Wei encumbering the two properties of the
Debtor; Delinquent Property Taxes for the years 2022 and 2023 on
both properties.

The Debtor was unable to complete the construction on the Palm
Springs property in time to sell and pay off the loans. This also
caused the debtor to default on payments on the Los Angeles
property. Debtor tried to get extensions to enable it to complete
the project but was unsuccessful.

The Debtor is in the process of selling the Los Angeles property
and the funds generated from the sale will pay off the secured
claims on that property and also help in the completion of the Via
Escuela property. Once the project is completed, debtor will also
sell the property and pay off all claims.

The Debtor anticipates that the sale of the real properties will
generating sufficient income to fund the proposed Plan.

Class 4 consists of General Unsecured Claims. Franchise Tax Board
("FTB") filed $924.05 as General Unsecured Claim Per proof of claim
No: 3 filed on December 2, 2024. Will be paid the full amount of
$924.05 General unsecured claim and $2,569.19 of Unsecured Priority
amount totaling $3,493.24 from the sale proceeds of Budau property.
The Class 4 claim is impaired.

Class 5 consists of Interest Holders. The interest holder of
Debtor, Melissa Regina Alvarado, will retain her share ownership
interest in the property but will not receive any distributions,
dividends, or payments with respect to her share ownership interest
until all payments have been made by the Debtor on the Plan with
respect to Class 3 and 4.

The Debtor's Chapter 11 Plan will be funded through the following
means: First, Debtor will immediately file a Motion for Order
authorizing sell the property located at 3193 Budau Ave., Los
Angeles, CA 90032 ("Budau"). Debtor anticipates the Budau property
will sell for approximately $1.6 million within the next six
months. After payment of approximately broker commission and
expenses (approximately $160,000) and satisfaction of the mortgages
on the property in the amount of around $1.2 million, part of the
net proceeds of about $240,000 will be used to pay for the
remaining repairs of the property located at 1043 E Via Escuela,
Palm Springs, CA 92262 ("Via Escuela").

This is enable the debtor to market and sell it for approximately
$900,000 within the following six months. The sale proceeds of the
Via Escuela property will generate sufficient cash to pay in full
the secured claims of CenterStreet Lending and Ting Tingwei for
$649,531 and $143,000 respectively and the administrative expenses.
As of the date of this Chapter 11 Plan the debtor has cash on hand
in the amount of $4,596 as reported on the last Debtor's monthly
operating report for the period ending February 28, 2025.

A full-text copy of the Disclosure Statement dated April 1, 2025 is
available at https://urlcurt.com/u?l=Ki5uff from PacerMonitor.com
at no charge.

Via Escuela Consulting, LLC is represented by:

     Onyinye N. Anyama, Esq.
     Anyama Law Firm, A Professional Corporation
     18000 Studebaker Road, Suite 325
     Cerritos, CA 90703
     Telephone: (562) 645-4500
     Facsimile: (562) 645-4494
     Email: info@anyamalaw.com

                   About Via Escuela Consulting

Via Escuela Consulting, LLC, owns two properties in California
having a total current value of $2.26 million.

Via Escuela Consulting sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-17567) on Sept.
17, 2024.  In the petition signed by Melissa Regina Alvarado,
principal, the Debtor disclosed $2,260,700 in assets and $2,019,299
in liabilities.

Onyinye N. Anyama, Esq., at Anyama Law Firm, serves as the Debtor's
counsel.


VIPER ENERGY: Moody's Raises CFR to Ba1 & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Ratings upgraded Viper Energy, Inc.'s (Viper) Corporate
Family Rating to Ba1 from Ba2, Probability of Default Rating to
Ba1-PD from Ba2-PD and backed senior unsecured notes to Ba2 from
Ba3. The Speculative Grade Liquidity rating was also upgraded, to
SGL-1 from SGL-2. The rating outlook was revised to stable.
Previously, the ratings were on review for upgrade.

This concludes Moody's ratings review that was initiated on January
31, 2025 following the company's agreement to acquire two assets
worth about $4.6 billion. The larger transaction involving an asset
dropdown from Diamondback Energy, Inc. (Diamondback, Baa2 stable)
closed on 1 May 2025 following the earlier close of the Morita
Ranch acquisition on February 14, 2025. Viper used cash on hand and
issued new equity to finance these acquisitions and both deals are
effective as of January 01, 2025.

"These transformative acquisitions will significantly boost Viper's
production and free cash flow while simultaneously reducing its
financial leverage and increasing asset coverage for creditors,"
said Sajjad Alam, a Moody's Ratings Vice President.

RATINGS RATIONALE

Viper's Ba1 CFR is supported by its significant mineral and royalty
interests that produce strong margins and free cash flow; low
operating costs and no capital expenditure requirements;
oil-weighted assets in the Permian Basin operated by financially
strong E&P companies; and successful growth history. The credit
profile also reflects management's track-record of conservative
financial policies, including maintaining low leverage, adjusting
shareholder distributions as warranted, funding acquisitions with
substantial amount of equity and reducing debt following leveraging
acquisitions.  Additionally, the rating benefits from significant
uplift from Viper's operating and strategic importance to
Diamondback, which controls and manages Viper. Diamondback owns
100% of Viper's general partner and roughly 52% of Viper's publicly
traded units, and operates 60% of Viper's net acreage.

Viper's credit profile is restrained by its smaller production and
cash flow base compared to similarly rated E&Ps; dependence on E&P
operators for its non-operated passive mineral and royalty
interests lacking control over drilling and development decisions;
the need to make periodic acquisitions to maintain production and
reserves, which introduces valuation and financing risks; and a
high distribution business model.

The senior unsecured notes are rated Ba2, one notch below Viper's
Ba1 CFR given their subordinated position to the secured borrowing
base revolving credit facility in the capital structure. Viper's
revolver has a first-lien claim on substantially all of its
assets.

Moody's expects Viper will maintain very good liquidity through
2026, which is reflected in the SGL-1 rating. Viper will produce
free cash flow even if oil prices weaken considerably from current
levels. Viper keeps minimal cash in hand and has a policy to
distribute at least 75% of free cash flow (before dividends) to
shareholders. The company will use any remaining free cash flow to
reduce revolver debt and make additional acquisitions. As of
December 31, 2024, Viper had $261 million outstanding on the
revolving credit facility, which had $1.25 billion in elected
commitments. The revolver expires on September 22, 2028, and Viper
should have sufficient headroom under the credit facility's
financial covenants. The company does not have any bond maturity
until November 2027, when the 5.375% senior notes mature.

The stable outlook reflects Viper's low leverage and ability to
generate free cash flow at low oil prices.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Viper's ratings could be upgraded if Diamondback's rating were
upgraded and Viper substantially increased its scale, maintained
strong leverage metrics and remained core to Diamondback's
operations. Viper growing production above 150,000 boe/day,
sustaining RCF to Debt above 40% and Debt to PD Reserves below
$4/boe would be supportive of an upgrade.

A downgrade could occur if Viper executes a large debt funded
acquisition or experiences a sharp and sustained decline in
production. The ratings could be downgraded if RCF to Debt falls
below 20% or Debt to PD Reserves rises above $6/boe. The ratings
could also be downgraded if Diamondback's ratings were downgraded.

Viper Energy, Inc. is a publicly traded company based in Midland,
Texas, which is engaged in owning and acquiring mineral and royalty
interests in oil and natural gas properties.

The principal methodology used in these ratings was Independent
Exploration and Production published in December 2022.


VIVA LIBRE: Seeks Subchapter V Bankruptcy in California
-------------------------------------------------------
On May 1, 2025, Viva Libre Restaurant Concepts Inc. filed Chapter
11 protection in the U.S. Bankruptcy Court for the Central
District of California. According to court filing, the
Debtor reports between $1 million and $10 million in debt owed
to 1 and 49 creditors. The petition states funds will not be
available to unsecured creditors.

           About Viva Libre Restaurant Concepts Inc.

Viva Libre Restaurant Concepts Inc. operates Blue Agave Southwest
Grill, a Mexican and Southwestern fusion restaurant based in Yorba
Linda, California. The restaurant offers dishes like Mahi Mahi,
Mazatlan Mango Wrap and Montego Bay Coconut Shrimp.

Viva Libre Restaurant Concepts Inc. sought relief under Subchapter
V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case
No. 25-11186) on May 1, 2025. In its petition, the Debtor reports
estimated assets between $500,000 and $1 million and estimated
liabilities between $1 million and $10 million.

Honorable Bankruptcy Judge Theodor Albert handles the case.

The Debtor is represented by Christopher James Langley, Esq. at
SHIODA LANGLEY & CHANG LLP.


WANDERLY LLC: To Sell Business Properties to StaffDNA for $4.2MM
----------------------------------------------------------------
Wanderly LLC seeks permission from the U.S. Bankruptcy Court for
the Southern District of Florida, West Palm Beach Division, to sell
Assets, free and clear of liens, interests, and encumbrances.

The Debtor's Assets to be  sold include, without limitation: (a)
data services (Periscope), direct sourcing (Flexup Staffing), Saas
product, workforce management; (b) all of the equipment, furniture,
furnishings, and fixtures; (c) all intangibles and intellectual
property; (d) a full and complete copy of the CRM database,
candidate employee files, client lists, and customer contracts; (e)
the name, phone number, facsimile number, domain name and other
names and designations used in connection with the Business; (f)
all parts, inventory and work in progress; (g) all accounts
receivable; (h) all instruments, note receivable, prepaid items,
deposits, accounts, documents of title and chattel paper; and (i)
all open purchase orders at time of sale.

The Debtor enters into a contract with StaffDNA LLC  acquire the
business of Debtor which involves the sale of substantially all the
Assets of Debtor for the price of $4,200,000.

The closing is scheduled to occur on or before May 16, 2025, or as
soon as practicable thereafter. The sale is a cash offer with no
financing contingency.

The Debtor asserts that it is the highest and best offer it
believes it can receive for the Assets.

The Debtor also maintains that the sales price will generate enough
income to pay the secured claims along with a significant
distribution to the unsecured creditors. The Debtor will also file
a proposed use of funds prior to the hearing on the Motion.

The Debtor is in negotiation with lienholders, MyBasePay, LLC,
Healthcare Workforce Logistics, LLC, Jackson Healthcare, LLC and
Jonathan Ward about the sale and their agreed amount will be paid
at closing.

The Debtor requests to sell the Assets free and clear of all liens,
claims, encumbrances.

            About Wanderly LLC

Wanderly, LLC is a technology marketplace platform created for
traveling healthcare professionals and healthcare staffing
companies.

Wanderly filed Chapter 11 petition (Bankr. S.D. Fla. Case No.
24-23477) on Dec. 26, 2024, listing between $100,000 and $500,000
in assets and between $1 million and $10 million in liabilities.
Linda Leali, Esq., serves as Subchapter V trustee.

Judge Erik P. Kimball handles the case.

The Debtor is represented by Craig I. Kelley, Esq., at Kelley
Kaplan & Eller, PLLC.


WELLPATH HOLDINGS: Court Extends Stay of Simpson Civil Rights Suit
------------------------------------------------------------------
Magistrate Judge Anthony P. Patti of the United States District
Court for the Eastern District of Michigan granted the motion filed
by the Wellpath Defendants to extend stay of the case captioned as
JIMMIE LEE SIMPSON, Plaintiff, v. CORIZON HEALTH, INC., et al.,
Defendants, Case No. 1:24-cv-10996 (E.D. Mich.).

Jimmie Lee Simpson (#183627) is currently incarcerated in the
Michigan Department of Corrections Carson City Correctional
Facility. In April 2024, while located at DRF, Simpson filed this
prisoner civil rights lawsuit in pro per against fifteen Defendants
-- six contract Defendants (Corizon Health, Inc., Wellpath Health,
Inc., Coleman, Tran, Couturier, and Massey) and nine MDOC
Defendants. Plaintiff is proceeding in forma pauperis, and the
District Court and the U.S. Marshal Service have facilitated
service of process.

Currently before the District Court is the Wellpath Defendants'
Oct. 22, 2024 motion to dismiss. Also pending before the District
Court is a motion to extend the stay, filed by the Wellpath
Defendants.

On Nov. 11, 2024, Wellpath Holdings, Inc. filed a Chapter 11
voluntary petition for bankruptcy, and an amended interim order
enforcing the automatic stay was entered on Nov. 12, 2024.

On Nov. 18, 2024, the contract Defendants in this matter filed a
suggestion of bankruptcy and notice of stay. Thereafter, the
Wellpath Defendants filed a "Motion to Extend the Stay," seeking to
extend the stay to the individual Wellpath Defendants as well as
the corporate entity. Upon consideration, the District Court finds
that the bankruptcy court's interim orders have prohibited further
progression in this case, including resolution of the Wellpath
Defendants' motion to dismiss.

While the bankruptcy stay does not necessarily apply to the MDOC
Defendants in this case, the District Court finds that requiring
discovery to proceed piecemeal with some Defendants will ultimately
result in duplicative and inefficient expenditure of time and
costs, possibly forcing Plaintiff to give two depositions. Further,
the District Court notes that there is a potential settlement being
considered in the bankruptcy court which will be heard on April 30,
2025. If approved, there will be a time period for parties to
opt-in or opt-out of the settlement, which could significantly
narrow the scope of this litigation. In consideration of these
factors, the District Court will issue an indefinite stay, which it
expects to last no more than a few months, to allow the Wellpath
bankruptcy court matter time to conclude.

At the District Court's suggestion, Defendants agreed to withdraw
their pending motion to dismiss without prejudice to the right to
re-file the motion, in whole or in part, after the bankruptcy
matter is concluded and the stay is lifted.

Counsel for Wellpath is directed to file a memorandum on June 15,
2025 updating the District Court as to the status of the bankruptcy
proceedings and whether any part of the current case has been
resolved by settlement. Depending on the contents of the memorandum
the District Court will either: (1) extend the stay, (2) set a
status conference, or (3) issue a scheduling order.

Defendants' motion to dismiss is deemed withdrawn pursuant to
Counsel's representation during the April 14, 2025 status
conference.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=t6U0s2 from PacerMonitor.com.

                   About Wellpath Holdings

Wellpath Holdings, Inc., formerly known as CCS-CMGC Holdings, Inc.,
is a provider of medical and mental healthcare in jails, prisons,
and inpatient and residential treatment facilities.

Wellpath Holdings and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case
No. 24-90533) on Nov. 11, 2024.  Timothy Dragelin, chief
restructuring officer and chief financial officer, signed the
petitions.

At the time of the filing, the Debtors reported $1 billion to $10
billion in assets and liabilities.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Marcus A. Helt, Esq. at McDermott Will & Emery,
LLP as bankruptcy counsel; FTI Consulting, Inc., as financial
advisor; and Lazard Freres & Co., LLC and MTS Partners, LP as
investment banker.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of Wellpath
Holdings, Inc. and its affiliates.

Proskauer Rose LLP represents the Committee as its co-counsel.
Huron Consulting Services LLC and Dundon Advisers LLC were selected
as the Committee's financial advisor.


WEST PACE: Court Overrules Hayley, et al.'s Claim Objection
-----------------------------------------------------------
Judge Christopher L. Hawkins of the United States Bankruptcy Court
for the Middle District of Alabama overruled the objection filed by
Thomas Hayley, Hayley Family Partnership, Ltd., Redd Family
Partnership, LLP, HayRay, L.L.C., Home Yard & Garden, Inc., Lake
Martin, Inc., and Eagle Management, L.L.C. to Claim 2-1 in the
bankruptcy case of West Pace LLC.

Unlike many Chapter 11 cases, this case did not involve thousands,
hundreds, or even dozens of creditors. At its core, this case was a
continuation in bankruptcy court of two disputes that had been
pending in state court in the years preceding the bankruptcy
filing:

   1) a dispute between West Pace, LLC and U.S. Bank, National
Association, as Indenture Trustee for those certain $24,050,000 The
West Pace Village Cooperative District Revenue Bonds, Series 2010;
and
   2) a dispute between the Debtor and the State of Alabama,
Department of Conservation and Natural Resources.

The Debtor began developing property along the I-85 corridor, just
west of Chewacla State Park, in the early 2000s. In 2008, DCNR
granted certain easements to the Debtor, and, in exchange, the
Debtor agreed to construct multiple structures in Chewacla State
Park. After the Debtor allegedly failed to perform under the
agreement and created unsafe conditions along a bicycle trail in
Chewacla State Park, DNCR commenced the State Court Litigation.

State Court Litigation between the Debtor and DCNR commenced in
2012 and was set for trial in early 2020. Instead of proceeding
with the State Court Litigation to its conclusion, the Debtor filed
this bankruptcy case on Jan. 16, 2020.

On April 17, 2020, DCNR filed a proof of claim for $1,669,991.49,
based on the Debtor's breach of their 2008 agreement. The Debtor
then attempted to relitigate its disputes with both U.S. Bank and
DCNR through the claim objection process. However, the objection to
U.S. Bank's claim was overruled, and the Debtor did not prosecute
its objection to DCNR's claim -- failing to produce evidence in
favor of the objection.

The Debtor also forfeited its exclusive right to file a Chapter 11
plan and unsuccessfully challenged the plan proposed by U.S. Bank.
Over twelve years after the commencement of the State Court
Litigation, over four and a half years after the Filing Date,
nearly four years after confirmation of U.S. Bank's Chapter 11
plan, and over two years after the Objectors were sued in a related
adversary proceeding, the Objectors filed the Objection.

In the Objection and related briefs, the Objectors lambast the
decision of Marshall Glade, as
Liquidating Trustee of West Pace, LLC to withdraw the Debtor's
original objection to DCNR's claim. The Objectors intimate that the
merits of the State Court Litigation were soundly in the Debtor's
favor and that the Debtor was on the verge of victory -- but for
the bankruptcy case that the Debtor voluntarily filed on the eve of
trial. The Debtor's and the Objectors' actions belie their
arguments, and their inaction in this case is fatal to the
Objection.

The Court finds that the Objectors do not have standing, or in the
alternative, have waived the right to bring the Objection.

Judge Hawkins explains that the Objectors sat on their rights for
over four years from confirmation of the Plan, which granted to the
Liquidating Trustee exclusive standing to object to claims. If the
Objectors had raised the 'party in interest' issue prior to
confirmation, then their standing argument would deserve
consideration. Now, the Plan controls. Accordingly, the Objectors
lack standing to object to the DCNR Claim.

Because the Debtor, and now the Objectors, have had numerous
opportunities to prosecute an objection to the DCNR Claim and chose
not to, they have waived their right to object and are prohibited
from doing so now, the Court concludes.

A copy of the Court's decision is available at
https://urlcurt.com/u?l=giOFy7 from PacerMonitor.com.

Attorney for Marshall Glade, as Liquidating Trustee of West Pace,
LLC:

John D. Elrod, Esq.
GREENBERG TRAURIG, LLP.
3333 Piedmont Road NE, Suite 2500
Atlanta, GA 30305
Phone: (678) 553-2100
E-mail: elrodj@gtlaw.com

Attorneys for Redd Family Partnership, LLLP, et al.:

Clark R. Hammond, Esq.
Gary W. Lee, Esq.
WALLACE, JORDAN, RATLIFF & BRANDT, LLC
800 Shades Creek Parkway, Suite 400
Birmingham, AL, 35209
Phone: (205) 870-0555
E-mail: chammond@wallacejordan.com
        gwlee@wallacejordan.com

- and -

Joel Connally, Esq.
STRENGTH & CONNALLY, LLC
7020 Fain Park Dr #3
Montgomery, AL 36117
Phone: (334)-387-2121
E-mail: jc@strengthconnally.com

Attorney for Redd Family Partnership, LLLP, et al., Redd Family
Partnership, LLLP Eagle Management, L.L.C., Thomas Hayley, and
State of Alabama, Department of Conservation and Natural
Resources:

Erin Amelia Haston, Esq.
WALLACE, JORDAN, RATLIFF & BRANDT, LLC
800 Shades Creek Parkway, Suite 400
Birmingham, AL, 35209
Phone: (205) 870-0555
E-mail: ahaston@wallacejordan.com

Attorney for Attorney for State of Alabama, Department of
Conservation
and Natural Resources:

William Wesley Causby, Esq.
MEMORY MEMORY & CAUSBY, LLP
469 S McDonough St,
Montgomery, AL 36104
Phone: (334) 245-7434
E-mail: wcausby@memorylegal.com

                       About West Pace LLC

West Pace, LLC, a privately held company based in Auburn, Alabama,
filed its voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ala. Case No. 20-80067) on Jan. 16,
2020.  In the petition signed by Thomas M. Hayley, managing member,
the Debtor was estimated to have up to $50,000 in assets and $1
million to $10 million in liabilities.  Judge William R. Sawyer
oversees the case.  The Debtor tapped Michael A. Fritz, Sr., at
Fritz Law Firm as counsel and Hayley Redd Real Estate Company as
realtor.


YOHMAN LANDSCAPING: Hires Steidl and Steinberg PC as Counsel
------------------------------------------------------------
Yohman Landscaping & Concrete LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to employ
Steidl and Steinberg, PC to handle its Chapter 11 case.

Christopher Frye, Esq., the primary attorney in this
representation, will be paid at his hourly rate of $350 plus
expenses.

The firm received a retainer of $5,000 plus a filing fee of $1,738
from the Debtor.

Mr. Frye 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:

     Christopher M. Frye, Esq.
     Steidl & Steinberg, P.C.
     Koppers Building, Suite 322
     436 Seventh Avenue
     Pittsburgh, PA 15219
     Telephone: (412) 391-8000
     Email: chris.frye@steidl-steinberg.com

              About Yohman Landscaping & Concrete LLC

Yohman Landscaping & Concrete, LLC filed Chapter 11 petition
(Bankr. W.D. Pa. Case No. 25-20975) on April 16, 2025, listing up
to $500,000 in both assets and liabilities. Paul M. Yohman II, a
member of Yohman Landscaping & Concrete, signed the petition.

Christopher M. Frye, Esq., at Steidl & Steinberg, P.C., represents
the Debtor as legal counsel.


                            *********

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