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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

              Tuesday, August 26, 2025, Vol. 29, No. 237

                            Headlines

129 WEST CONCORD: Seeks to Hire John F. Sommerstein as Counsel
20 S BROADWAY: Claims to be Paid from Property Sale Proceeds
24 WISTERIA DR: Seeks to Tap Richard Feinsilver as Legal Counsel
26 CAPITAL: Seeks to Hire JLevine Taxes Inc. as Tax Advisor
286 GRAND AVENUE: Section 341(a) Meeting of Creditors on Sept. 17

3784 LLC: U.S. Trustee Unable to Appoint Committee
4054 MYSTIC VALLEY: Section 341(a) Meeting of Creditors on Sept. 22
48FORTY SOLUTIONS: FS KKR Marks $180.7MM 1L Loan at 51% Off
48FORTY SOLUTIONS: FS KKR Marks $2.1MM 1L Loan at 52% Off
48FORTY SOLUTIONS: FS KKR Marks $8.5MM 1L Loan at 52% Off

491 BERGEN: Wins Bid to Authorize Disbursement of Funds
7614 LLC: Seeks to Hire Northgate Real Estate Group as Broker
ADVANIA SVERIGE: FS KKR Marks SEK$161MM 1L Loan at 89% Off
AEARO TECHNOLOGIES: Del. Court Affirms Twin City Coverage Ruling
AFB RESTAURANTS: Hires Daren M. Schlecter as Litigation Counsel

ALICE'S CREATIVITY: Claims to be Paid from Lease Payments
ALL PHASE: Seeks Subchapter V Bankruptcy in Florida
AMERICAN NATIONAL: Fitch Rates New 2055 Jr. Sub. Debentures 'BB+'
AMERIGO METAL: U.S. Trustee Unable to Appoint Committee
APOGEE BREWING: Hires Kearney McWilliams & Davis as Legal Counsel

APOGEE BREWING: Seeks Cash Collateral Access
AQUA SPAS: Application to Employ Kutner Brinen as Counsel Okayed
AQUA SPAS: Court Okays $25,000 Retainer for Kutner Brinen Dickey
ARCHDIOCESE OF NEW ORLEANS: Charbonnet Law Represents Creditors
ARCHDIOCESE OF NEW ORLEANS: Robinson Law Represents Creditors

ARP HOSPITALITY: Seeks to Hire Eday & Associates as Accountant
ARROTEX AUSTRALIA: FS KKR Marks $10.8MM 1L Loan at 35% Off
ART FOR CAUSE: Seeks Approval to Hire Estelle Miller as Accountant
ATHENS ANNAPOLIS: Seeks to Hire Coyle Law Group as Attorney
ATX NETWORKS: FS KKR Marks $45.1MM 2L Loan at 61% Off

AUDACIOUS DESIGNS: Seeks to Use Cash Collateral
AVALON GLOBOCARE: Issues 221,000 Shares on Note Conversions
AVDHESH MANAGEMENT: Taps Trevett Cristo as Legal Counsel
AXE HANDLE: Seeks Chapter 11 Bankruptcy in Pennsylvania
BARE ARMS: Seeks to Hire Dennery PLLC as Bankruptcy Counsel

BAXSTO LLC: Seeks Chapter 11 Bankruptcy in Texas
BICK GROUP: Hires Carmody MacDonald P.C. as Bankruptcy Counsel
BIOCURITY PHARMACEUTICALS: Sues Former Exec for Leaking Ch. 7 Info
BLUELINX HOLDINGS: Moody's Cuts CFR to B1 & Sr. Secured Notes to B2
BOXLIGHT CORP: All Four Proposals Approved at 2025 Annual Meeting

BP RETAIL PARTNERS: Section 341(a) Meeting of Creditors on Oct. 17
BRADBURY DEODAR: Hires GoldStar Properties Investment as Broker
BUFFALO NEWSPRESS: Seeks to Hire Lumsden McCormick as Accountant
CAMTREN HOLDINGS: U.S. Trustee Unable to Appoint Committee
CASUAL 21 USA: Seeks Cash Collateral Access

CEMTREX INC: Intracoastal Capital Holds 9.99% Stake as of June 30
CENTRAL RENT-ALL: Hires Sternberg Naccari & White as Counsel
CHARTER COMMUNICATIONS: Moody's Rates New 2035/2055 Sec. Notes Ba1
CHECKERS HOLDINGS: Moody's Lowers CFR to 'Caa2', Outlook Stable
CIVIL LLC: Seeks Chapter 11 Bankruptcy in West Virginia

CLAIRE'S HOLDINGS: Simon Property Steps Down as Committee Member
CLAIRE'S STORES: To Sell North American Operations Amid Ch. 11
CLAROS MORTGAGE: S&P Downgrades ICR to 'CCC' on Term Loan Maturity
CONCEPTS CONNECTIONS: Section 341(a) Meeting of Creditors on Oct. 1
CONGOLEUM CORP: 3rd Cir. Split on Reopening of Chapter 11

COOKSON'S TRANSMISSION: Seeks Subchapter V Bankruptcy in Texas
CTLC LLC: Hires Richard B. Rosenblatt as Bankruptcy Counsel
CUBIC CORP: FS KKR Marks $44.8M 1L Loan at 22% Off
D&G PROFESSIONAL: Mark Shapiro Named Subchapter V Trustee
DAS HUND: Gets Interim OK to Use Cash Collateral

DATAVAULT AI: Closes $6M Initial Notes in $13.3M Offering
DAYFORCE INC: S&P Places 'BB-' ICR on CreditWatch Negative
DESKTOP METAL: Committee Hires Lowenstein Sandler as Co-Counsel
DESKTOP METAL: Committee Hires Munsch Hardt Kopf as Co-Counsel
DESKTOP METAL: Committee Hires Province as Financial Advisor

DESKTOP METAL: Unsecureds' Recovery "Unknown" in Liquidating Plan
DIOCESE OF ALBANY: Creditors Spar w/ Insurers Over Claim Challenges
DIOCESE OF BURLINGTON: Seeks to Hire Insurance Archaeologist
DMO NORTH: Section 341(a) Meeting of Creditors on September 25
DP LOUISIANA: Taps Christopher O. Ryals of RCO Capital as CRO

DURECT CORP: Posts $2.3M Q2 Net Loss, Updates Bausch Health Merger
DYNASTY SONG: Seeks Cash Collateral Access
ECP OWNER 1: Seeks to Tap EAG Affordable Housing as Tax Accountant
ELANCO ANIMAL: Fitch Hikes LongTerm IDR to 'BB', Outlook Stable
ELDORADO GOLD: S&P Alters Outlook to Positive, Affirms 'B+' ICR

ELETSON HOLDINGS: New Owner Asks NY Court to Nullify $102MM Award
ELITE DESIGNS: Arturo Cisneros Named Subchapter V Trustee
ELITE SCHOOL: Court Extends Cash Collateral Access to Sept. 30
EXCELL COMMUNICATIONS: Committee Hires Dundon as Financial Advisor
FCI SAND: U.S. Trustee Appoints Creditors' Committee

FINLEY DESIGN: U.S. Trustee Unable to Appoint Committee
FLEMING STEEL: Seeks to Hire Cooney Law Offices as Legal Counsel
FLOWER APARTMENTS: Hires Alexander Valuation Group as Appraiser
FOSSIL GROUP: S&P Lowers to 'CC' on Proposed Debt Restructuring
FOUR HATS: Seeks to Hire Oldenburg & Stiner as Corporate Counsel

FUEL REYNOLDA: Gets Extension to Access Cash Collateral
GACH LLC: Seeks Chapter 11 Bankruptcy in New York
GANNETT CO: Fitch Lowers LongTerm IDR to 'B-', Outlook Stable
GC FERRY I: S&P Withdraws 'BB-' ICR Following Merger With FEH Inc.
GLOBAL DIGITAL: Gets Interim OK to Use Cash Collateral

GLORIETA PARTNERS: S&P Affirms 'CCC' ICR, Alters Outlook to Stable
GRANT ANTIQUES: Court Extends Cash Collateral Access to Sept. 24
GRDN HOSPITALITY: Hires Stradling Yocca as Legal Counsel
GREEN OUTDOOR: Unsecureds Will Get 100% of Claims over 5 Years
GUITAR CENTER: S&P Downgrades ICR to 'SD' on Distressed Exchange

HAH GROUP: S&P Alters Outlook to Negative, Affirms 'B-' LT ICR
HARDING BELL: Seeks to Hire GGG Partners LLC as Financial Advisor
HIGHER GROUND: Committee Hires Emerald as Financial Advisor
HIGHER GROUND: US Trustee Asks Court to Reject Pre-Bankruptcy Deal
HL PIT STOP: Gets Interim OK to Use Cash Collateral

HONOLULU SPINE CENTER: Boston Scientific Appointed to Committee
HOOPER PROPERTY: Hires Sherrard Roe Voigt & Harbison as Counsel
INOVA PHARMACEUTICALS: FS KKR Marks AU$3.9MM 1L Loan at 26% Off
IRWIN NATURALS: Seeks to Use Cash Collateral
JACKSBOSTON LLC: Seeks Chapter 11 Bankruptcy in North Carolina

JAL OUTLET: Seeks Court Approval to Hire Special Counsels
JHRG MANUFACTURING: Richard Preston Cook Named Subchapter V Trustee
JMKA LLC: Court Extends Cash Collateral Access to Sept. 18
JOSEPH G. BABA: U.S. Trustee Unable to Appoint Committee
KELLERMEYER BERGENSONS: FS KKR Marks $95.6M 1L Loan at 50% Off

KITCHEN MAN: Seeks to Hire Richard P. Cook as Bankruptcy Counsel
KUPONO RESORT: Seeks to Hire Lesnick Prince as Counsel
L & D CAFE: Seeks Subchapter V Bankruptcy in Florida
LANDMARK RECOVERY OF ARKANSAS: Subchapter V Trustee Named
LANDMARK RECOVERY OF COLORADO: Subchapter V Trustee Named

LANDMARK RECOVERY: Section 341(a) Meeting of Creditors on Sept. 22
LAUREL CREEK: Hires Golden Goodrich LLP as Counsel
LEGACY DRAYAGE: M. Douglas Flahaut Named Subchapter V Trustee
LH PROPERTY: Seeks Approval to Hire Fallon Law as Legal Counsel
LH PROPERTY: Seeks to Hire Fallon Law PC as Counsel

LILLY INDUSTRIES: Seeks Continued Cash Collateral Access
LION RIBBON: Committee Hires Lowenstein Sandler as Co-Counsel
LION RIBBON: Panel Hires Orrick Herrington & Sutcliffe as Counsel
LMD HOLDINGS: U.S. Trustee Unable to Appoint Committee
LOGMELN INC: First Trust Marks $1.9MM 1L Loan at 63% Off

LOOP MEDIA: Receives $268,035 Acceleration Notice from AFG
M.L.B. DESIGNS: Hires Weintraub Zolkin as Bankruptcy Counsel
MACHINE TOOL: Seeks to Hire Mauriello Accounting as Accountant
MARELLI AUTOMOTIVE: Gets Court OK to Proceed Arbitration in Italy
MARI ARI: Seeks Court Approval to Hire TN CPA as Accountant

MARTINI FITNESS: Seeks Chapter 11 Bankruptcy in Massachusetts
MATADOR RESOURCES: S&P Affirms 'BB-' ICR, Outlook Stable
MAWSON INFRASTRUCTURE: Risks Delisting Over Bid Price Deficiency
MEG ENERGY: S&P Assigns 'BB-' ICR, On CreditWatch Positive
MERIT STREET: Norton Rose Represents Broadcast Service Providers

MG LOGISTICS: Seeks to Hire Goldstein & McClintock as Counsel
MODIVCARE INC: S&P Downgrades ICR to 'D' on Bankruptcy Filing
MODIVCARE: Represented by Latham & Watkins in Restructuring
MP OCTOPUS: Gets Extension to Access Cash Collateral
MY JOB MATCHER: Committee Taps Greenberg Traurig as Legal Counsel

MY JOB MATCHER: Taps CorlissMoore to Provide CEO, CAO, and COO
NAPA FORD: Hires Law Offices of Michael Jay Berger as Counsel
NBG HOME: FS KKR Marks $32.7MM 1L Loan at 87% Off
NEW ERA: FS KKR Marks $24.9MM 1L Loan at 40% Off
NEW ERA: FS KKR Marks $4.7MM 1L Loan at 40% Off

NEW YORK: Seeks to Hire Collins Vella & Casello as Legal Counsel
NEWFOLD DIGITAL: Fitch Lowers IDR to 'CCC-', On Watch Negative
NIKOLA CORP: Antara Capital Steps Down as Committee Member
NIKOLA CORP: Multi-Court Settlements Reach $33.75MM in Delaware
NORDIC CLIMATE: FS KKR Marks $156.9MM 1L Loan at 89% Off

NORDIC CLIMATE: FS KKR Marks SEK$173.6MM 1L Loan at 89% Off
NORDIC CLIMATE: FS KKR Marks SEK$53.5MM 1L Loan at 90% Off
NORTHPOINT DEVELOPMENT: Gets Extension to Access Cash Collateral
ONE CALL: FS KKR Capital Marks $31.5MM Loan at 16% Off
ONSITE CONSTRUCTION: Hires Gentry Tipton & McLemore as Counsel

ORIGIN FOOD: Seeks Chapter 11 Bankruptcy in North Carolina
PALMAS ATHLETIC: Seeks to Hire Pico LLC as Special Counsel
PARTNERS PHARMACY: Hires Kroll as Claims and Noticing Agent
PEGASUS BUILDERS: Seeks to Hire CTRE LLC as Real Estate Broker
PEGGY NESTOR: Court Says Disputed Items at Townhouse Are Fixtures

PET RINSE: Unsecured Creditors Will Get 100% Dividend in Plan
PLASTIC SUPPLIERS: Gets Chapter 11 Liquidation Plan Confirmation
PLATE RESTAURANT: Seeks to Hire Olivier Griot as Accountant
PLAZA UTILITIES: Affiliate Taps Matthew D. Boruta as Legal Counsel
PPS PROPERTY: Seeks to Hire Exp Realty LLC as Realtor

PRODUCTION RESOURCE: FS KKR Marks $206.1MM 1L Loan at 41% Off
PRODUCTION RESOURCE: FS KKR Marks $300,000 1L Loan at 33% Off
PROJECT PIZZA: Hire Boos & Associates as Accounting Consultant
PROJECT PIZZA: Unsecureds to Get 14 Cents on Dollar in Plan
QUILL 115: Voluntary Chapter 11 Case Summary

QUORUM HEALTH: Moody's Alters Outlook on 'Ca' CFR to Stable
QVC GROUP: Contrarius Investment Holds 8.9% Stake as of June 30
RECONNECT INC: Case Summary & Nine Unsecured Creditors
REKOR SYSTEMS: Terminates $23.3M ATM Deal with Northland Securities
RELIANT REHAB: FS KKR Marks $49.1M 1L Loan at 72% Off

RUNITONETIME LLC: Hires GLC Advisors as Investment Banker
RUNITONETIME LLC: Hires Hunton Andrews Kurth LLP as Co-Counsel
RUNITONETIME LLC: Hires KPMG LLP as Tax Service Provider
RUNITONETIME LLC: Hires Latham & Watkins LLP as Co-Counsel
RUNITONETIME LLC: Hires Triple P TRS as Restructuring Advisor

SAKS GLOBAL: S&P Lowers ICR to 'SD' on Debt Restructuring
SAMMY G'S: Gets Interim OK to Use Cash Collateral
SAMYS OC: Seeks to Tap Foundations Commercial Real Estate as Broker
SANTA ANA EXPRESS: Seeks Cash Collateral Access
SD BACKYARD: Hires Thai Binh Financial Services as Bookkeeper

SERENITY TENDER: Case Summary & 14 Unsecured Creditors
SGH LLC: S&P Ups ICR to 'B-', Off Watch on Successful Refinancing
SONDER HEALTH: Enters Receivership Amid Insolvency
SOUTHWEST FIRE: Hires Avitia Business Services as Bookkeeper
SPIRIT AIRLINES: Downgraded 2 Notches After Cash Borrowing

SSS PROPERTIES: Seeks to Hire Forbes Law LLC as Attorney
STACKSONSTACKS LLC: Hires Ghiorso Law Firm as Legal Counsel
STOLI GROUP: Revises Chapter 11 Bankruptcy Plan w/ Lender Backstop
STONE CLINICAL: Court Narrows Claims in Whale Capital Lawsuit
SUMMIT HARD: Hires Bell Gould Linder as Legal Counsel

SUMMIT HARD: Hires NOCO CPA's LLC as Accountant
SWEEPING CORP: FS KKR Marks $8.3MM 2L Loan at 42% Off
SYMPLR SOFTWARE: Moody's Cuts CFR to Caa2 & Outlook to Stable
SYNAPSE FINANCIAL: Reaches Consumer Relief Settlement w/ CFPB
TAPS RANCH II: Seeks to Hire Baker & Associates as Legal Counsel

TEAM CHAMPION: Seeks to Tap David Freydin as Bankruptcy Counsel
TEKFOR HOLDCO: FS KKR Marks EUR45.1M 1L Loan at 91% Off
THASSOS INC: Gets OK to Use Cash Collateral Until Sept. 25
THUNDER RIDE: Gets Interim OK to Use Cash Collateral Until Sept. 30
TIME MANUFACTURING: FS KKR Marks $14.6M 1L Loan at 18% Off

TIME MANUFACTURING: FS KKR Marks $45.9M 1L Loan at 18% Off
TIME MANUFACTURING: FS KKR Marks $9.2M 1L Loan at 17% Off
TITAN INDUSTRIES: U.S. Trustee Unable to Appoint Committee
TOGETHER GOOD: Seeks Chapter 11 Bankruptcy in Texas
TPI COMPOSITES: U.S. Trustee Appoints Creditors' Committee

TRIPLETT FUNERAL: Court Extends Cash Collateral Access to Oct. 31
TROYZ TOWING: Case Summary & Eight Unsecured Creditors
TURTLE LANE: Seeks Chapter 11 Bankruptcy in Massachusetts
UNIVERSAL BIOCARBON: Gets Extension to Access Cash Collateral
UTICA TOWNSHIP: Seeks to Hire Heather Archibald-Peters as Counsel

VESTTOO LTD: CCBC Wins Bid to Dismiss Claims in Insurance Dispute
WARHORSE GAMING: Moody's Rates New $350MM 1st Lien Loans 'B3'
WASTE SERVICES: FS KKR Marks $11.2M 1L Loan at 38% Off
WEABER INC: Seeks to Hire Post & Schell P.C. as Special Counsel
WHITESTONE CROSSING: Gets OK to Use Cash Collateral Until Dec. 1

WINSTAR HOLDINGS: Aaron Cohen Named Subchapter V Trustee
WINSTAR INVESTMENTS: Aaron Cohen Named Subchapter V Trustee
WISDOM DENTAL: Gets Interim OK to Use Cash Collateral
WK BROWN: Seeks Subchapter V Bankruptcy in Minnesota
WK BROWN: Steven Nosek Named Subchapter V Trustee

WORLDWISE INC: FS KKR Marks $19.6M 1L Loan at 47% Off
WORLDWISE INC: FS KKR Marks $400,000 2L Loan at 50% Off
WORLDWISE INC: FS KKR Marks $800,000 1L Loan at 50% Off
X4 PHARMACEUTICALS: CEO, CFO Exit; Craig Named Executive Chairman
X4 PHARMACEUTICALS: Increases Shares Under Inducement Plan to 11.8M

XTREME QUALITY: Aaron Cohen Named Subchapter V Trustee
YIELD10 BIOSCIENCE: Unsecureds Will Get 20% in Liquidating Plan

                            *********

129 WEST CONCORD: Seeks to Hire John F. Sommerstein as Counsel
--------------------------------------------------------------
129 West Concord Street, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Massachusetts to employ the
Law Offices of John F. Sommerstein as counsel.

The firm will provide these services:

     (a) advise the Debtor with respect to its powers and duties in
the continued management and operation of its business and assets;

     (b) attend meetings and negotiate with representatives of
creditors and other parties-in interest and respond to creditor
inquiries;

     (c) advise the Debtor regarding its ability to initiate
actions to collect and recover property for the benefit of its
estate;

     (d) advise and assist the Debtor in connection with any
potential property disposition;

     (e) assist the Debtor in reviewing, estimating and resolving
claims asserted against its estate;

     (f) negotiate and prepare on behalf of the Debtor a feasible
plan of reorganization and all related documents;

     (g) prepare necessary legal documents for the administration
of the estate; and

     (h) perform all other bankruptcy-related legal services and
provide all other legal advice to the Debtor that may be necessary
and proper in this proceeding.

Mr. Sommerstein will be paid at his hourly rate of $475.

The firm received a retainer of $15,000 from the Debtor.

Mr. Sommerstein disclosed in a court filing that his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     John F. Sommerstein, Esq.
     Law Offices of John F. Sommerstein
     1091 Washington Street
     Gloucester, MA 01930
     Telephone: (617) 523-7474
     Email: jfsommer@aol.com

                    About 129 West Concord Street

129 West Concord Street, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-11705) on Aug.
16, 2025, listing up to $10 million in both assets and
liabilities.

Judge Christopher J. Panos oversees the case.

The Debtor is represented by the Law Offices of John F.
Sommerstein.


20 S BROADWAY: Claims to be Paid from Property Sale Proceeds
------------------------------------------------------------
Conventus LLC filed with the U.S. Bankruptcy Court for the Eastern
District of New York a Disclosure Statement describing Plan of
Liquidation for 20 S Broadway Owner LLC dated August 18, 2025.

The Debtor's primary asset is property located at 20 S. Broadway
Nyack, New York (the "Real Property"), which consists of ten
residential dwellings and a single commercial space on the ground
floor.

Prior to the Petition Date, on May 22, 2019, the Debtor entered a
Promissory Note in favor of Conventus in the principal amount of
$4,100,000.00 (the "Note"). In connection with the Note, the Debtor
executed a mortgage in favor of Conventus, which pledged the Real
Property as collateral to secure, among other things, payments due
to Conventus, which was properly recorded in the County of Rockland
(the "Mortgage" and, together with the Note, the "Loan").

Prior to the Petition Date, the Debtor defaulted on its obligations
under the Loan. As a result of the Debtor’s default, Conventus
filed a Summons and Complaint, in the Supreme Court of New York,
Rockland County (the "State Court"). Thereafter, the Debtor filed
the instant Bankruptcy Case.

The Debtor's primary assets consist of the Real Property. Conventus
filed a secured obligation in the amount of $8,713,966.08, which
has and continues to accrue. The Debtor's remaining obligations,
exclusive of Conventus' secured claim, according to the Debtor's
Claims Register is approximately $35,813,082.74.

Conventus is the proponent of the Plan within the meaning of
section 1129 of the Bankruptcy Code. The terms of Conventus's Plan
are based upon, among other things, the Debtor's filed schedules,
and Conventus's ability make the distributions contemplated under
the Plan. Under the Plan, Claims against, and Interests in, the
Debtor are divided into separate Classes according to their
relative seniority, legal nature and other criteria, and the Plan
proposes recoveries for Holders of Claims against, and Interests
in, the Debtor in such Classes, if any.

Class 5 shall consist of General Unsecured Claims. In the event
that there are no Allowed Class 4 Claims filed against the Debtor,
the holders of Allowed General Unsecured Claims are not expected to
receive a full distribution under the Plan, and if there are no
Allowed Class 4 Claims, will most probably be paid out of the Plan
Contribution. If there are Allowed Priority Claims filed against
the Debtor, it is estimated that Class 4 Claims may not receive any
distribution under the Plan.

There is currently $35,813,082.74 of General Unsecured Claims filed
against the Debtor, including the Zee Bridge Claim, and therefore,
in the event that they are all Allowed as filed, and because there
are no Class 4, Other Priority Claims filed as of the date hereof,
the estimated total distribution to Class 5, Allowed General
Unsecured Claims is $200,000 (the value of the Plan Contribution),
which amounts to a minimum estimated distribution percentage of
approximately .005% to the extent that the valued of the filed
General Unsecured Claims does not decrease after the date hereof by
negotiation or claims objections. Notwithstanding the foregoing,
any Allowed Other Priority Claims will most likely reduce or negate
any potential distribution under the Plan to the Allowed Class 4
Creditors. Class 5 is Impaired.

Class 6 shall consist of Allowed Equity Interests in the Debtor.
Given the value of all anticipated Allowed Claims (secured,
administrative and unsecured) filed against the Debtor, it is
anticipated that the Equity Interest Holders shall not receive any
distribution under the Plan. To the extent that all Allowed Claims
(secured, administrative, and unsecured) are paid in full (together
with any and all accrued interest) from the Sale Proceeds, Equity
Interest Holders will receive any remaining Sale Proceeds.

Prior to or on the Effective Date of the Plan, the Property shall
be sold to the Purchaser, pursuant to sections 363(f),
1123(a)(5)(D), 1141(c), and 1146 of the Bankruptcy Code free and
clear of all Liens (except permitted encumbrances as determined by
the Purchaser), with any such Liens, Claims and encumbrances to
attach to the Sale Proceeds and disbursed in accordance with the
provisions of the Plan. Specifically, Conventus and/or the
Disbursing Agent shall seek the retention of an auctioneer to sell
the Real Property pursuant to those certain Bidding Procedures
similar or identical to those attached to the Plan.

Any distributions to be made under the Plan will be paid from
either the Sale Proceeds, Cash turned over by the Debtor to the
Disbursing Agent pursuant to Section 6.1 of the Plan, moneys
received from any litigation commenced by the Plan Administrator,
and/or Cash to be contributed by Conventus, including the Plan
Contribution.

A full-text copy of the Disclosure Statement dated August 18, 2025
is available at https://urlcurt.com/u?l=1HzOqP from
PacerMonitor.com at no charge.

Counsel to Conventus LLC:

     Silverman Law PLLC
     Brett S. Silverman, Esq.
     4 Terry Terrace
     Livingston, New Jersey 07039
     Phone: 646.281.6008
     Email: brett@getconciergelaw.com

                        About 20 S Broadway Owner LLC

20 S Broadway Owner, LLC is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

20 S Broadway Owner, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. NY. Case No. 24-22155) on February 28,
2024.  In the petition filed by Isaac Hershko, managing agent, the
Debtor reports assets of $1 million to $10 million and liabilities
of $1 million to $10 million.

Lester Korinman Kamran & Masini, P.C., is the Debtors' financial
counsel.


24 WISTERIA DR: Seeks to Tap Richard Feinsilver as Legal Counsel
----------------------------------------------------------------
24 Wisteria Dr LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Richard Feinsilver,
Esq., an attorney practicing in Carle Place, New York.

The attorney's services include:

     (a) prepare and file Chapter 11 petition, schedules and
statements;

     (b) negotiate with creditors, if any;

     (c) attend any adjourned Section 341(a) meetings with
creditors and the U.S. Trustee;

     (d) prepare the Plan and Disclosure Statement;

     (e) attend all hearings;

     (f) review monthly financial statements – status conferences
with client, as required; and

     (g) post confirmation conferences with the U.S. Trustee and
creditors, if required.

Mr. Feinsilver will be billed at his hourly rate of $500 plus
expenses.

The attorney received a retainer of $10,000.

Mr. Feinsilver disclosed in a court filing that he is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Richard S. Feinsilver, Esq.
     One Old Country Road, Suite 347
     Carle Place, NY 11514
     Telephone: (516) 873-6330
     Facsimile: (516) 873-6183
     Email: feinlawny@yahoo.com
     
                     About 24 Wisteria Dr LLC

24 Wisteria Dr LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73139) on Aug. 14,
2025, listing up to $10 million in both assets and liabilities.

Judge Alan S. Trust oversees the case.

Richard S. Feinsilver, Esq., serves as the Debtor's counsel.


26 CAPITAL: Seeks to Hire JLevine Taxes Inc. as Tax Advisor
-----------------------------------------------------------
26 Capital Acquisition Corp. seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to employ JLevine
Taxes Inc. as accountant and tax advisor.

The firm will assist the Debtor with preparing all necessary tax
filings related to the Debtor's 2023 and 2024 tax returns, which
were not previously filed.

The firm will be paid a flat fee of $12,000 to prepare the
corporate tax returns.

Mr. Levine 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:

     Josh Levine
     JLevine Taxes Inc.
     135 Rockaway Turnpike Suite 111
     Lawrence, NY 11559
     Tel: (516) 666-8880
     Fax: (718) 887-985

              About 26 Capital Acquisition Corp.

26 Capital Acquisition Corp. is a special purpose acquisition
company (SPAC).

26 Capital Acquisition Corp. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11323) on July 11,
2025. In its petition, the Debtor reports estimated assets between
$1 million and $10 million and estimated liabilities between $10
million and $50 million.

Honorable Bankruptcy Judge Karen B. Owens handles the case.

The Debtor is represented by Kevin Scott Mann, Esq. at Cross &
Simon, LLC.


286 GRAND AVENUE: Section 341(a) Meeting of Creditors on Sept. 17
-----------------------------------------------------------------
On August 20, 2025, 286 Grand Avenue LLC filed Chapter 11
protection in the District of Massachusetts. 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 September
17, 2025 at 01:00 PM as Telephonic Meeting.

         About 286 Grand Avenue LLC

286 Grand Avenue LLC is a real estate holding company with
properties in Boston and Falmouth, Massachusetts.

286 Grand Avenue LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 25-11722) on August 20,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

The Debtor is represented by Peter N. Tamposi, Esq. at THE TAMPOSI
LAW GROUP, P.C.


3784 LLC: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of 3784 LLC, according to court dockets.

                          About 3784 LLC

3784 LLC is a real estate services company based in Pompano Beach,
Florida.

3784 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. Case No. 25-18289) on July 21, 2025. In its
petition, the Debtor reports estimated assets between $10 million
and $50 million and estimated liabilities between $1 million and
$10 million.

The Debtor is represented by Adam I. Skolnik, Esq. at the Law
Office of Adam I. Skolnik, PA.


4054 MYSTIC VALLEY: Section 341(a) Meeting of Creditors on Sept. 22
-------------------------------------------------------------------
On August 19, 2025, 4054 Mystic Valley Parkway JV LLC filed
Chapter 11 protection in the District of Massachusetts. According
to court filing, the Debtor reports  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 September
22, 2025 at 11:00 AM as Telephonic Meeting. Dial-in Number:
888-330-1716 Participant Code: 3524022.

         About 4054 Mystic Valley Parkway JV LLC

4054 Mystic Valley Parkway JV LLC is a single-asset real estate
company that owns and manages property at 4054 Mystic Valley
Parkway in Medford, Massachusetts, focusing on real estate
investment and development.

4054 Mystic Valley Parkway JV LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-11713) on
August 19, 2025. In its petition, the Debtor reports

The Debtor is represented by Jeffery Johnson, Esq. at LAW OFFICE OF
JEFFERY JOHNSON, ESQUIRE.


48FORTY SOLUTIONS: FS KKR Marks $180.7MM 1L Loan at 51% Off
-----------------------------------------------------------
FS KKR Capital Corp. has marked its $180,700,000 loan extended to
48Forty Solutions LLC to market at $87,700,000 or 49% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
48Forty Solutions LLC. The loan accrues interest at a rate of 6%
per annum. The loan matures on November 2029.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company’s
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         About 48Forty Solutions LLC

48forty Solutions is one of the largest pallet management services
companies in North America, with a national network of over 270
facilities, including 73 company-owned and operated pallet
recycling plants, 186 onsite locations, 12 reverse logistics
centers, 4 sorting centers, and more than 850 service providers.


48FORTY SOLUTIONS: FS KKR Marks $2.1MM 1L Loan at 52% Off
---------------------------------------------------------
FS KKR Capital Corp. has marked its $2,100,000 loan extended to
48Forty Solutions LLC to market at $1,000,000 or 48% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
48Forty Solutions LLC. The loan accrues interest at a rate of 6%
per annum. The loan matures on November 2029.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

           About 48Forty Solutions LLC

48forty Solutions is one of the largest pallet management services
companies in North America, with a national network of over 270
facilities, including 73 company-owned and operated pallet
recycling plants, 186 onsite locations, 12 reverse logistics
centers, 4 sorting centers, and more than 850 service providers.


48FORTY SOLUTIONS: FS KKR Marks $8.5MM 1L Loan at 52% Off
---------------------------------------------------------
FS KKR Capital Corp. has marked its $8,500,000 loan extended to
48Forty Solutions LLC to market at $4,100,000 or 48% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
48Forty Solutions LLC. The loan accrues interest at a rate of 6%
per annum. The loan matures on November 2029.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company’s investment objectives are to generate current income
and, to a lesser extent, long-term capital appreciation. The
Company's portfolio is comprised primarily of investments in senior
secured loans and second lien secured loans of private
middle-market U.S. companies and, to a lesser extent, subordinated
loans and certain asset-based financing loans of private U.S.
companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

        About 48Forty Solutions LLC

48forty Solutions is one of the largest pallet management services
companies in North America, with a national network of over 270
facilities, including 73 company-owned and operated pallet
recycling plants, 186 onsite locations, 12 reverse logistics
centers, 4 sorting centers, and more than 850 service providers.


491 BERGEN: Wins Bid to Authorize Disbursement of Funds
-------------------------------------------------------
Judge David S. Jones of the United States Bankruptcy Court for the
Southern District of New York granted 491 Bergen St. Corporation's
motion to authorize disbursement of funds from a bankruptcy reserve
account.

The Disbursement Motion arises against the backdrop of a
long-running and seemingly bitter intra-family dispute regarding
entitlements to valuable self-storage facilities located in New
York City, each separately incorporated and each a separate debtor
in this Court, and all of which for multiple generations have been
under the control of members of the Sofia family. Upon the passing
of earlier generations who founded and controlled the business, the
Properties and associated businesses passed to the ownership of
three brothers, who agreed that, upon the death of any of them, the
two surviving brothers would buy out the estate of the decedent
brother. Following the death of one of the brothers, Frank Sofia,
and the survivors' failure to buy out the decedent brother's
interests, the Frank Estate initiated arbitration proceedings.

The Frank Estate secured an arbitration award that has been reduced
to judgment against the various Debtors in a total principal amount
of approximately $57 million, plus interest.  The parties disagree
about whether the Frank Estate would be required to surrender its
shares in a specific debtor-corporation if that debtor satisfies
the judgment amount awarded specifically against it, while the
amounts awarded against other debtor-corporations remained due.
However, the parties agree that in a circumstance where the total
amount awarded against the Debtors is paid simultaneously and in
full, the Frank Estate would not be entitled to any additional
recoveries beyond the amounts due on account of the Judgment
(inclusive of interest). That arbitration award was reduced to
judgment before the Debtors commenced their bankruptcy cases.

The Debtors then filed for bankruptcy. One Debtor, referred to as
Franklin Street or the Franklin Street Debtor -- 139-141 Franklin
St. Realty Corp. -- secured confirmation of a plan before the other
Debtors did. This Court rejected the Frank Estate's objection based
on its contention that it was entitled to additional amounts beyond
the judgment amount it holds against the Franklin Street Debtor,
and the Frank Estate appealed. In connection with that appeal, the
District Court entered an interim stay order requiring funds to be
preserved so as to compensate the Frank Estate in the event the
Frank Estate's appeal is successful. The Frank Estate's appeal
remains pending in the District Court.

Meanwhile, the bankruptcy cases of the remaining Debtors continued
to progress, and, following a hearing, on June 27, 2025, this Court
entered an order confirming the Remaining Debtors' plans. The Frank
Estate objected to confirmation on the ground that, in the Frank
Estate's view, it was entitled to additional amounts beyond the
judgment amount it was owed by each of the Remaining Debtors, such
that it would be impaired notwithstanding the Plans' reliance on
their being unimpaired unless they were paid additional funds. The
Court in an oral ruling and the ensuing confirmation order required
that the Remaining Debtors reserve an additional $6 million (the
amount specified on the record by the Frank Estate as necessary to
protect its asserted entitlements) to ensure that the Frank Estate
could and would be paid in the event it established its entitlement
to funds beyond the judgment amount. The Court directed that the $6
million reserve requirement would remain in force solely until July
21, 2025 (after the anticipated sale closings, by when it would be
known if the Frank Estate was successfully paid in full), "subject
to further application for an extension of the Reserve Deadline,
for cause shown, by the Frank Estate. The Frank Estate never
applied to extend the Reserve Deadline.

Against this backdrop, the Remaining Debtors pursued closings on
the sales of their respective properties and engaged in email
correspondence concerning the total amount due to fully satisfy the
Frank Estate's judgment entitlements. The Remaining Debtors
succeeded in their efforts to arrange simultaneous
post-confirmation sales of all of the Remaining Debtors'
Properties.

And, as the sale closings approached, the Debtors asked the Frank
Estate to identify the required judgment payoff amounts, to be paid
from proceeds of the sales.

The Debtors' counsel made unqualified and absolute requests for
accurate "judgment payoff" amounts, without limitation -- clearly
and expressly seeking to be informed of how much money was required
to pay off the Judgment in full, both in aggregate and by each
debtor.

Upon the sales' closing, the Debtors transferred the agreed amounts
to the Frank Estate in a total amount of roughly $65 million,
inclusive of interest -- the exact total amount that the Frank
Estate had stated was due under the Judgment. The Frank Estate
accepted the payment.

Based on this state of affairs, the Debtors filed the Motion on
shortened notice, contending that because the transactions
contemplated by the Plan closed and payoff was made simultaneously,
there was no remaining need to maintain the $6 million cash reserve
that the Court had directed upon confirmation pending further
developments. The Frank Estate opposed, although the Frank Estate
did not move to extend the July 21 sunset date of the confirmation
order's $6 million cash reserve requirement.

The Frank Estate's opposition contended for the first time that the
Judgment had not been fully satisfied because, although the Debtors
paid the judgment amounts awarded against each debtor, the Debtors
had failed to pay post-judgment interest on account of a roughly
$16,000 arbitration cost award that was also included in the
Judgment, which had been paid in the full principal amount months
earlier. The amount of interest assertedly due was less than $800.
But the asserted consequence of this contention, according to the
Frank Estate, was that the Debtors continued to owe them $6 million
more than the "judgment payoff" amount agreed by the parties'
pre-closing correspondence. This contention was unforeseen by the
Debtors and apparently raised for the first time in the Frank
Estate's opposition, filed the business day before the hearing on
the Debtor's expedited motion.

The Debtors' primary response, however, is that the Frank Estate is
equitably estopped from asserting the additional $6 million
entitlement that it now raises, because it misrepresented the
"payoff amount" as being the roughly $65 million that the Debtors
paid to the penny, and because the Debtors detrimentally relied on
that misrepresentation or statement in rendering full payment, with
the expectation that doing so would resolve all disputes with the
Frank Estate and would leave the Debtors with the remaining,
additional proceeds.

Under the doctrine, a party can be equitably estopped from
asserting a position or entitlement if three elements are present:
(a) the party to be estopped made a misrepresentation of fact to
the other party with reason to believe the representation would be
relied on; (b) the other party reasonably relied on the
representation to its detriment; and (c) the party to be estopped
had actual or constructive notice of the true facts.

Judge Jones holds, "The Debtors were evidently not aware that the
Frank Estate would not accept a full payment of the 'judgment
payoff amount' it agreed to as a complete satisfaction of the
Judgment. The Debtors made a good faith effort to ensure that they
fully satisfied their obligations under the Judgment by asking the
Frank Estate for its own calculations of the 'judgment payoff
amount.' Given the Frank Estate's affirmative statements via email
correspondence, there was no way for the Debtors to have known that
the Frank Estate believed it was owed an additional $800.
Furthermore, Debtors prejudicially relied on the Frank Estate's
representation of the total 'judgment payoff amount.' Thus, all
requirements of equitable estoppel are present here, and the Frank
Estate is estopped from continuing to pursue its asserted
entitlement to millions more than the amount it represented would
fully satisfy the Judgment."

A copy of the Court's decision dated August 20, 2025, is available
at https://urlcurt.com/u?l=7LcCqA from PacerMonitor.com.

Counsel to the Debtors and Debtors-in-Possession:

Tracy L. Klestadt, Esq.
KLESTADT WINTERS JURELLER
SOUTHARD & STEVENS, LLP
200 West 41st Street, 17th Floor
New York, NY 10036
E-mail: tklestadt@klestadt.com

Counsel for the Estate of Frank Sofia:

Dani Schwartz, Esq.
OFFIT KURMAN, P.A.
590 Madison Avenue, 6th Floor
New York, NY 10022
E-mail: dani.schwartz@offitkurman.com

                About 491 Bergen St. Corporation

491 Bergen St. Corporation is a single asset real estate debtor, as
defined in 11 U.S.C. Section 101(51B).

491 Bergen St. Corporation and its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
25-10091) on January 22, 2025. In its petition, 491 Bergen St.
disclosed up to $50 million in both assets and liabilities.

Judge David S. Jones oversees the case.

Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard &
Stevens, LLP serves as the Debtors' counsel.


7614 LLC: Seeks to Hire Northgate Real Estate Group as Broker
-------------------------------------------------------------
7614 LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to employ Northgate Real Estate Group
as its real estate broker.

The firm will market and auction sale of the Debtor's real property
located at 7614 4th Avenue, Brooklyn, NY.

Northgate will receive compensation according to these formula:

     (a) a 4.5 percent commission of the gross price of sale of the
Property, paid as a buyer's premium, regarding a third-party sale;


     (b) a flat commission of $50,000 to be paid by Debtor if the
buyer is Tim Ziss or Kahlil Khoury or their respective affiliate,
or if no sale or refinance or other event takes place that would
otherwise entitle Northgate to a commission; and

     (c) a flat commission of $50,000 paid by the Lender if the
Lender is the successful bidder on the Property based upon a credit
bid.

Greg Corbin, president at Northgate Real Estate Group, disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Greg Corbin
     Northgate Real Estate Group
     1633 Broadway 46th Floor
     New York, NY 10019
     Telephone: (212) 419-8101
     Email: Greg@northgatereg.com

        About 7614 LLC

7614, LLC is a single asset real estate (as defined in 11 U.S.C.
Sec. 101(51B).

The Debtor filed Chapter 11 petition (Bankr. E.D.N.Y. Case No.
22-42336) on Sept. 23, 2022, with $1 million to $10 million in both
assets and liabilities. Tim Ziss, manager and member, signed the
petition.

Judge Nancy Hershey Lord oversees the case.

The Debtor is represented by Kevin J. Nash, Esq., at Goldberg
Weprin Finkel Goldstein, LLP.



ADVANIA SVERIGE: FS KKR Marks SEK$161MM 1L Loan at 89% Off
----------------------------------------------------------
FS KKR Capital Corp. has marked its SEK$161,100,000 loan extended
to Advania Sverige AB to market at SEK$17,100,000 or 11% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Advania Sverige AB. The loan accrues interest at a rate of 5% per
annum. The loan matures on June 2031.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

       About Advania Sverige AB

Advania Sverige AB is a Northern European information technology
(IT) services provider headquartered in Stockholm, Sweden.


AEARO TECHNOLOGIES: Del. Court Affirms Twin City Coverage Ruling
----------------------------------------------------------------
In the insurance appeals filed by Aearo Technologies LLC, Aearo
Holding LLC, Aearo Intermediate LLC, and Aearo LLC, Justices
Collins J. Seitz, Jr., Karen L. Valihura, Gary F. Traynor and
Christopher Griffiths of the Delaware Supreme Court affirmed the
decision of the Delaware Superior Court granting summary judgment
in favor of Twin City Fire Insurance Company with respect to the
self-insured retention provisions of its insurance policy.

The case is IN RE AEARO TECHNOLOGIES LLC INSURANCE APPEALS Nos.
381, 2024 Sec. 423, 2024 (Del.). In this insurance coverage action,
a corporate parent sought coverage from its subsidiaries' insurers
for defense costs that the parent and its subsidiaries incurred in
the defense of products-liability lawsuits. This appeal centers on
the self-insured retention provisions of the insurance policies. In
many insurance contracts, a self-insured retention functions as a
condition precedent to coverage and must be satisfied before an
insurer's coverage obligations are triggered. The Superior Court
determined that, because each policy required the "Named Insured"
to satisfy the retention and the corporate parent was not a "Named
Insured," payments made by the parent did not satisfy the
retentions, so the insurers' coverage obligations had not been
triggered.

The insureds and the parent made an alternative argument that, even
if the insureds had to satisfy the retentions and did not do so,
each policy's "maintenance clause" still entitled them to coverage
for all defense costs, minus the amount the insureds owed for the
retention. The Superior Court found that the maintenance clauses
had not been triggered.

In the late 1990s, Aearo Technologies LLC, Aearo Holding LLC, Aearo
Intermediate LLC, and Aearo LLC developed and distributed a type of
earplug known as the Combat Arms Earplugs for military and
non-military users. In 2008, 3M Company acquired Aearo and
continued to produce the Combat Arms Earplugs for the next several
years.

Beginning in 2018, 3M and Aearo were named in lawsuits alleging
defects in, and personal injury caused by, the Combat Arms
Earplugs. The plaintiffs claimed that they experienced
hearing-related injuries due to defective design of the Combat Arms
Earplugs. Most of the lawsuits were consolidated into a
multidistrict litigation in the United States District Court for
the Northern District of Florida. The MDL comprised over 280,000
lawsuits at its peak. A smaller number of lawsuits were coordinated
and litigated in Minnesota state court. Twenty-seven of the Earplug
Lawsuits were selected as bellwether cases -- eight were dismissed
before trial, six resulted in defense verdicts for 3M and Aearo,
and 13 resulted in verdicts for plaintiffs.

Additionally, in July 2022, while the Earplug Lawsuits were
ongoing, Aearo filed voluntary petitions for Chapter 11 bankruptcy
in the United States Bankruptcy Court for the Southern District of
Indiana.  The bankruptcy court, relying on a 3M Form 10-K, noted
that 3M adopted a strategy to have Aearo file for bankruptcy to
manage the liabilities arising from the Earplug Lawsuits, not
because Aearo was in financial distress.

In June 2023, the bankruptcy court dismissed Aearo's bankruptcy
petitions, concluding that Aearo is "financially healthy" and "is
not presently suffering financial problems of the type that
warrants Chapter 11 relief."

Two months later, 3M and Aearo reached a global settlement of $6.01
billion for the Earplug Lawsuits. 3M states that it has paid over
$370 million in legal fees and defense costs for the Earplug
Lawsuits. For its part, Aearo Technologies LLC states that it has
paid approximately $411,000 in legal fees and defense costs for the
Earplug Lawsuits.

A few weeks after the bankruptcy court dismissed Aearo's petitions,
Aearo and 3M filed this insurance coverage action against Aearo's
insurers seeking coverage for, among other things, the defense
costs incurred by both Aearo and 3M in the Earplug Lawsuits.

Three policies are relevant to this appeal. Twin City Fire
Insurance Company, ACE American Insurance Company, and MS
Transverse Specialty Insurance Company, f/k/a Transverse Specialty
Insurance Company, f/k/a Royal Surplus Lines Insurance Company each
issued a commercial general liability insurance policy to an Aearo
entity in the years preceding 3M's acquisition of Aearo.

     (A) The Twin City Policy

Central to this appeal is the definition of "self-insured
retention" ("SIR") and the meaning of the word "you" in each
policy. Twin City issued an "excess commercial general liability
insurance policy" to Aearo Corporation -- now, Aearo LLC -- for the
period of September 30, 2000 to November 2001.

The policy further states that Twin City will pay claim expenses
which are incurred after the exhaustion of the SIR, but only if the
insured has satisfied its SIR obligation.

The policy states that "you" and "your" "refer to the Named Insured
in the Declarations. The "Named Insured" is Aearo LLC. The SIR is
$250,000 per occurrence, subject to an aggregate maximum of $1.5
million.

The Twin City policy contains a maintenance clause.

     (B) The Royal Surplus Policy

Royal Surplus issued a "commercial general liability" policy to
Aearo LLC for the period of September 30, 1997 to September 30,
2000.

The policy provides that "you" and "your" "refer to the Named
Insured shown in the Declarations. The "Named Insured" is Aearo
LLC, as well as certain subsidiaries. The SIR is $250,000 per
occurrence, subject to an aggregate maximum of $1.5 million.

     (C) The ACE Policy

ACE issued a "commercial general liability policy" to Aearo Holding
Corporation and Aearo Company -- now, Aearo Holding LLC and Aearo
Technologies LLC, respectively -- for the period of September 30,
2007 to  September 30, 2008.

The ACE policy states that "you" and "your" "refer to the Named
Insured shown in the Declarations. The "Named Insured" is Aearo
Holding LLC and Aearo Technologies LLC, as well as certain
subsidiaries. The SIR is $250,000 per occurrence, subject to an
aggregate maximum of $1.5 million.

The Superior Court Proceedings

In November 2023, Aearo and 3M filed their operative complaint.
They seek, among other claims, a declaration that they have
satisfied the SIRs in the relevant policies and that Twin City,
Royal Surplus, and ACE each have a duty to "defend and/or pay for"
Aearo's and 3M's defense costs arising from the Earplug Lawsuits.

In early 2024, a flurry of motion practice began. Aearo and 3M
filed a motion for partial summary judgment, contending that Twin
City, Royal Surplus, and ACE are obligated to pay the defense costs
from the Earplug Lawsuits. They argued that payments by either
Aearo or 3M are sufficient to satisfy the applicable SIRs. Twin
City then filed a motion for partial summary judgment, contending
that its obligations to pay defense costs had not been triggered
because the Twin City policy required Aearo, not 3M, to satisfy the
SIR, and Aearo had not done so. ACE filed a notice of joinder as to
Twin City's motion, contending that the same outcome follows from
the ACE policy. Royal Surplus also filed a notice of joinder in
Twin City's motion for the same reasons as ACE.

In July 2024, the Superior Court issued its opinion granting Twin
City's motion and denying Aearo's and 3M's motion. The court
determined that, under the "express language" of the Twin City,
Royal Surplus, and ACE policies, "costs paid by 3M do not count
towards the SIR. The court reasoned that each policy provides that
"you" or the "insured" must pay the SIR, and 3M is not an insured
under any of the policies.

Invoking the maintenance clauses, Aearo and 3M argued in the
alternative that the insurers were required to provide coverage
even if Aearo did not satisfy the SIRs. According to Aearo and 3M,
the insurers were entitled to only a setoff in the amount of the
SIR, not a denial of coverage. The court rejected this argument and
found that the maintenance clauses did not apply because Aearo and
3M had not shown that any insured was "unable to pay the SIR due to
its lack of availability, collectability, invalidity, or
suspension.

The court granted summary judgment for Twin City and denied it for
Aearo and 3M because Aearo LLC, the "Named Insured," had not made
any payment for defense costs that satisfy the SIR, and Twin City
has no obligation to provide coverage for sums in excess of the
SIR.

Aearo, 3M, and Twin City thereafter filed a joint stipulation with
the Superior Court under Civil Rule 54(b) requesting entry of final
judgment. In September 2024, the court granted the joint
stipulation based on its ruling that Twin City had no duty to pay
Aearo's and 3M's defense costs for the Earplug Lawsuits. Aearo and
3M have appealed the Superior Court's judgment regarding Twin
City.

Aearo and 3M filed an application for certification of
interlocutory appeal regarding the court's ruling on Royal
Surplus's and ACE's obligations to pay defense costs for the
Earplug Lawsuits. The Superior Court denied the application,
finding that it did not meet Supreme Court Rule 42's strict
standards for certification.

Appeal

Aearo's and 3M's primary contention on appeal is that the Superior
Court erred when it held that the policies' language precluded 3M
-- Aearo's corporate parent -- from satisfying the SIRs on Aearo's
behalf. Twin City, Royal Surplus, and ACE argue that each policy
unambiguously requires that "you" must satisfy the SIR, "you" is
defined as the "Named Insured," and 3M is not a "Named Insured"
under any policy.

Aearo and 3M contend that the SIRs do not act as conditions
precedent to the insurers' coverage obligations, meaning that, even
if Aearo was required to satisfy each SIR, Aearo's failure to
satisfy each SIR does not result in a failure to trigger coverage.
Twin City, Royal Surplus, and ACE respond that the SIRs operate as
conditions precedent to coverage, and their respective coverage
obligations are not triggered unless and until Aearo satisfies the
SIR of the policy for which Aearo seeks coverage.

The panel holds, "The policies unambiguously required certain Aearo
entities to satisfy each SIR. The policies also specifically
identified which entities in the corporate hierarchy could satisfy
the SIR or stated that the SIR could not be satisfied by 'another.'
No policy identified 3M as an entity that could satisfy the SIR. So
3M's payments of defense costs did not trigger coverage under the
policies issued to Aearo. This result reflects our practice of
enforcing unambiguous contracts as written and respecting corporate
separateness. We affirm the Superior Court's decision granting
summary judgment for Twin City. We also affirm the Superior Court's
interpretation of the relevant provisions in the Royal Surplus and
ACE policies."

A copy of the Court's Opinion dated August 12, 2025, is available
at https://urlcurt.com/u?l=rIFI0Z

                    About Aearo Technologies

Aearo Technologies -- https://earglobal.com/en -- is a 3M company
that designs, manufactures, and sells personal protection
equipment.  The Company offers prescription and non-prescription
safety eye wear, face shields, hard hats, and respirators.  Aearo
serves customers worldwide.

To address claims related to the Combat Arms Earplugs Version 2,
Aearo Technologies LLC and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Lead Case
No. 22-02890) on July 26, 2022.  In the petition filed by John R.
Castellano, as authorized signatory, Aearo Technologies estimated
assets and liabilities between $1 billion and $10 billion each.

3M is not a debtor in the Chapter 11 cases.  3M has committed $1
billion to fund a trust allocated for Combat Arms claims.

Kirkland & Ellis LLP is serving as legal counsel and AlixPartners
LLP is serving as restructuring advisor to Aearo Technologies.  Ice
Miller LLP, is serving as bankruptcy co-counsel to the Debtors.
Kroll is the claims agent.

PJT Partners is serving as financial advisor and White & Case LLP
is serving as legal counsel to 3M.

                           *     *     *

U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis in early June
2023, dismissed the bankruptcy case of Aearo Technologies,
rejecting an effort to resolve nearly 260,000 lawsuits alleging
that 3M military earplugs caused hearing loss for veterans and U.S.
service members.  Judge Graham ruled that Aearo, as a
well-supported subsidiary of 3M, enjoys a "greater degree of
financial security than warrants bankruptcy protection."


AFB RESTAURANTS: Hires Daren M. Schlecter as Litigation Counsel
---------------------------------------------------------------
AFB Restaurants, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of California to employ Daren M.
Schlecter, Esq. as litigation counsel.

Mr. Schlecter will pursue legal action against Ferass Nabil
Abughaban aka Ferass Abu Ghaban and AFBM, Inc. d/b/a Manakish Oven
& Grill etc. for fraudulent/preferential payments and funds
diverted/converted by Abughaban and AFBM.

Mr. Schlecter's hourly rate of $475. The firm received a $5,000
retainer.

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

Daren M. Schlecter, Esq., a partner at Law Offices of Daren M.
Schlecter, 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:

     Daren M. Schlecter, Esq.
     Law Offices of Daren M. Schlecter
     10866 Wilshire Blvd., Suite 1270
     Los Angeles, CA 90024
     Tel: (310) 553-5747
     Fax: (310) 553-5487
     Email: daren@schlecterlaw.com

        About AFB Restaurants, Inc.

AFB Restaurants Inc., doing business as Manakash Oven & Grill, is a
celebrated Walnut Creek restaurant.

AFB Restaurants Inc. sought relief under Subchapter V Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 24-41235) on
August 16, 2024. In the petition filed by Ferass Nabil bughan, as
CEO, the Debtor reported total assets of $32,470 and total
liabilities of $1,103,058.

The Debtor is represented by John G. Downing, Esq. of DOWNING LAW
OFFICES, P.C.


ALICE'S CREATIVITY: Claims to be Paid from Lease Payments
---------------------------------------------------------
Alice's Creativity All in One, LLC filed with the U.S. Bankruptcy
Court for the Western District of Tennessee a Disclosure Statement
describing Chapter 11 Plan dated August 17, 2025.

The Debtor is a Corporation. Since December 11, 2020 operations
commenced, the Debtor has been in the business of owning and
operating a parcel of real property located at 22 Galloway Oaks
Cove, Memphis, TN 38111 that was rented through mainly AirB N B and
through referrals.

Shellpoint Mortgage on behalf of Wilmington Savings Fund Society
was foreclosing on the Single Asset Real Property and filed to stop
foreclosure.

Alice Cook-Boyce has a new contract with Thrive Homes to be a
Family Model Provider for two individuals to receive in-home care
for $9,000 per month. Alice Cook-Boyce has a Tennessee Commercial
Lease Agreement with Alice's Creativity All in One, LLC to lease
space from Debtor for $6,000 per month.

Class 3 consists of General Unsecured Claims. There are no General
Unsecured Claims, but if any allowed pay 10% on claims over five
years. This Class is impaired.

Equity interest holders shall retain interest.

Payments and distributions under the Plan will be funded by the
lease payments generated through Thrive Homes.

The Plan Proponent believes that the Debtor will have enough cash
on hand on the effective date of the Plan to pay all the claims and
expenses that are entitled to be paid on that date.

A full-text copy of the Disclosure Statement dated August 17, 2025
is available at https://urlcurt.com/u?l=yAb4Xe from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Toni Campbell Parker, Esq.
     45 North BB King Blvd., Ste. 201
     Memphis, TN 38103
     Telephone: (901) 483-1020
     Email: Tparker002@att.net

                 About Alice's Creativity All in One

Alice's Creativity All in One, LLC has been in the business of
owning and operating a parcel of real property located at 22
Galloway Oaks Cove, Memphis, TN 38111.

The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Tenn. Case No. 25-20183) on January 15, 2025,
listing under $1 million in both assets and liabilities.

Judge M. Ruthie Hagan oversees the case.

Toni Campbell Parker, Esq., represents the Debtor as counsel.


ALL PHASE: Seeks Subchapter V Bankruptcy in Florida
---------------------------------------------------
On August 22, 2025, All Phase Solutions LLC filed Chapter 11
protection in the Southern District of Florida. According to court
filing, the Debtor reports $2,370,464 in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

         About All Phase Solutions LLC

All Phase Solutions LLC, based in Boca Raton, Florida, provides
nonresidential building construction services, including commercial
and institutional projects.

All Phase Solutions LLC sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19745)
on August 22, 2025. In its petition, the Debtor reports total
assets of $1,083,216 and total liabilities of $2,370,464.

Honorable Bankruptcy Judge Mindy A. Mora handles the case.

The Debtor is represented by Aaron Wernick, Esq. at WERNICK LAW
PLLC.


AMERICAN NATIONAL: Fitch Rates New 2055 Jr. Sub. Debentures 'BB+'
-----------------------------------------------------------------
Fitch Ratings has assigned a long-term debt rating of 'BB+' to
American National Group Inc.'s (American National) new issuance of
junior subordinated debentures maturing in 2055.

Key Rating Drivers

Fitch has assigned the debentures a rating three notches below
American National's Long-Term IDR, reflecting two notches for
subordination based on a baseline recovery assumption of 'Poor' and
one notch for minimal nonperformance risk. The notes will not
receive equity credit in the financial leverage calculation under
Fitch's rating criteria. All other American National related
ratings are unaffected by this rating action. American National
intends to use the proceeds to repay its outstanding series B
preferred shares, with any remaining proceeds to be used for
general corporate purposes.

As of 1H25, American National's financial leverage was 24%. Pro
forma for the issuance and redemption of the preferred shares,
financial leverage is expected to increase to 26%. However, Fitch
expects financial leverage to return below 25% by year-end 2025,
driven by growth in capital. Fitch affirmed American National's
ratings with a Stable Rating Outlook on July 18, 2025.

RATING SENSITIVITIES

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

- Financial leverage ratio sustained above 25% or fixed charge
coverage below 5x;

- GAAP basis ROE below 6%;

- Group-wide/consolidated sustained Prism scores below 'Very
Strong';

- NAIC RBC ratios sustained below 325%;

- Group risky asset ratios above 160%.

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

- Financial leverage ratio below 20% or fixed charge coverage
maintained above 8x;

- GAAP basis ROE sustained above 10%;

- Group-wide/consolidated Prism scores of 'Extremely Strong';

- Group risky asset ratios below 100%.

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           
   -----------              ------           
American National
Group Inc.

   junior subordinated   LT BB+  New Rating


AMERIGO METAL: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The U.S. Trustee for Region 21 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Amerigo Metal Recycling, LLC.

                   About Amerigo Metal Recycling

Amerigo Metal Recycling, LLC operates a metal recycling business.

Amerigo sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ga. Case No. 25-57425) on July 1, 2025, listing
up to $50,000 in assets and up to $50 million in liabilities.
Jeffrey H. Cammllarie, manager, signed the petition.

William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC,
represents the Debtor as legal counsel.


APOGEE BREWING: Hires Kearney McWilliams & Davis as Legal Counsel
-----------------------------------------------------------------
Apogee Brewing, LLC, doing business as True Anomaly, seeks approval
from the U.S. Bankruptcy Court for the Northern District of Texas
to employ Kearney, McWilliams & Davis, PLLC as counsel.

The firm will render these services:

     (a) assist, advise and represent the Debtor relative to the
administration of the Chapter 11 case;

     (b) assist, advise and represent the Debtor in analyzing its
assets and liabilities, investigating the extent and validity of
lien and claims, and participating in and reviewing any proposed
asset sales or dispositions;

     (c) attend meetings and negotiate with the representatives of
the secured creditors;

     (d) assist the Debtor in the preparation, analysis, and
negotiation of any plan of reorganization and disclosure statement
accompanying any plan of reorganization;

     (e) take all necessary action to protect and preserve the
interests of the Debtor;

     (f) appear, as appropriate, before this court, the appellate
courts, and other courts in which matters may be heard and to
protect the interests of the Debtor before said courts and the
United States Trustee; and

     (g) perform all other necessary legal services in this case.

The firm will be paid at these hourly rates:

     Stacey Barnes, Attorney           $500
     John Davis, Attorney              $450
     Aaron Maher, Attorney             $285
     Vikesh Patel, Attorney            $250
     Samantha Clary, Paraprofessional  $180

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

Ms. Barnes 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:

     Stacey Barnes, Esq.
     Kearney, McWilliams & Davis, PLLC
     55 Waugh Drive, Suite 150
     Houston, TX 77007
     Telephone: (888) 341-0997
     Facsimile: (832) 916-2751
     Email: sbarnes@kmd.law

                      About Apogee Brewing

Apogee Brewing, LLC operates a craft brewery and taproom in
Houston, Texas.

Apogee Brewing sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34497) on August 4,
2025. In the petition signed by Michael Duckworth, manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Eduardo V. Rodriguez oversees the case.

Stacey Barnes, Esq., at Kearney, McWilliams & Davis, PLLC
represents the Debtor as counsel.


APOGEE BREWING: Seeks Cash Collateral Access
--------------------------------------------
Apogee Brewing, Limited Liability Company asks the U.S. Bankruptcy
Court for the Northern District of Texas, Fort Worth Division, for
authority to use cash collateral and provide adequate protection,
on a final basis.

This follows a prior hearing held on August 18 where the court
directed the Debtor to circulate and file a revised proposed order
by noon the following day. In compliance, the Debtor submitted the
order, but counsel for secured creditor Stellar Bank objected to
the form of the order and declined to provide edits or comments.

Despite Stellar Bank's opposition, the Debtor is requesting that
the court enter the proposed final order to allow continued access
to cash collateral necessary for business operations during Chapter
11 proceedings.

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

                  About Apogee Brewing, LLC

Apogee Brewing, LLC operates a craft brewery and taproom in
Houston, Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34497) on August 4,
2025. In the petition signed by Michael Duckworth, manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Eduardo V. Rodriguez oversees the case.

Stacey Barnes, Esq.,at KEARNEY, MCWILLIAMS & DAVIS, PLLC,
represents the Debtor as legal counsel.



AQUA SPAS: Application to Employ Kutner Brinen as Counsel Okayed
----------------------------------------------------------------
The Honorable Michael E. Romero of the United States Bankruptcy
Court for the District of Colorado approved the application of Aqua
Spas, Inc. to employ Kutner Brinen Dickey Riley, P.C. as counsel.

The Court finds Kutner Brinen Dickey Riley represents no interest
materially adverse to the estate of the Debtor, and the matter upon
which it is to be engaged, that its employment is necessary and
would be in the best interests of the estate.

The fees and costs charged by Kutner Brinen Dickey Riley are
subject to allowance or review by the Court in accordance with 11
U.S.C. Sections 329, 330 and 331.

A copy of the Court's Order dated August 20, 2025, is available at
https://urlcurt.com/u?l=5WeG1X from PacerMonitor.com.

                      About Aqua Spas Inc.

Aqua Spas Inc., a/k/a Spas R Us, sells and services hot tubs and
swim spas through its locations in Fort Collins, Greeley, and
Castle Rock, Colorado. The Company is a longtime dealer of Master
Spas products, including the Michael Phelps Signature Swim Spa
line. It also offers spa accessories, chemicals, filters, and
related supplies, with shipping available for orders over $100.

Aqua Spas Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Col. Case No. 25-14565) on July 22,
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 Michael E. Romero handles the case.

The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER
BRINEN DICKEY RILEY.


AQUA SPAS: Court Okays $25,000 Retainer for Kutner Brinen Dickey
----------------------------------------------------------------
The Honorable Michael E. Romero of the United States Bankruptcy
Court for the District of Colorado approved the motion of Aqua
Spas, Inc. for approval of a retainer.

The pre-petition retainer paid by the Debtor to Kutner Brinen
Dickey Riley, P.C. in the amount of $25,000.00, of which $19,702.00
remained on the Petition Date, is approved.

That KB's fees and costs are subject to interim and final approval
by the Court upon filing interim fee applications and a final fee
application at the conclusion of the case.

A copy of the Court's Order dated August 20, 2025, is available at
https://urlcurt.com/u?l=dgWBKQ from PacerMonitor.com.

                    About Aqua Spas Inc.

Aqua Spas Inc., a/k/a Spas R Us, sells and services hot tubs and
swim spas through its locations in Fort Collins, Greeley, and
Castle Rock, Colorado. The Company is a longtime dealer of Master
Spas products, including the Michael Phelps Signature Swim Spa
line. It also offers spa accessories, chemicals, filters, and
related supplies, with shipping available for orders over $100.

Aqua Spas Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Col. Case No. 25-14565) on July 22,
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 Michael E. Romero handles the case.

The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER
BRINEN DICKEY RILEY.



ARCHDIOCESE OF NEW ORLEANS: Charbonnet Law Represents Creditors
---------------------------------------------------------------
The law firm of Charbonnet Law Firm, L.L.C. filed a verified
statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure to disclose that in the Chapter 11 case of The Roman
Catholic Church of the Archdiocese of New Orleans, the firm
represents creditors.

The Creditors have retained the counsel as their legal counsel with
respect to matters arising in the Bankruptcy Case and for purposes
of asserting claims and protecting other rights against the
Debtor.

The Creditors' address and the nature and amount of disclosable
economic interests held in relation to the Debtor are:

1. JR Doe
   c/o Desirée M. Charbonnet
   Charbonnet Law Firm
   501 Clearview Parkway
   Metairie, Louisiana 70001
   Tel: 504-888-2227
   Fax: 504-456-3469
   Email: desi@charbonnetlawfirm.com
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20277.

2. SCG Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20624.

3. MW Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20278.

4. CH Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim Nos.: 20242
   and 20392.

5. BE Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20299.

6. BE Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20313.

7. CV Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20312.

8. CV Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20317.

9. MP Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No. 20347.

The law firm can be reached at:

     Charbonnet Law Firm, L.L.C.
     Desirée M. Charbonnet, Esq.
     Robert P. Charbonnet, Jr., Esq.
     Richard D. Roniger, II, Esq.
     James S. Rees, IV, Esq.
     501 Clearview Parkway
     Metairie, Louisiana 70001
     Telephone No: (504) 888-2227
     Fax No. (504) 456-3469
     Email: desi@charbonnetlawfirm.com

         About Roman Catholic Church of
                               The Archdiocese Of New Orleans

The Roman Catholic Church of the Archdiocese of New Orleans --
https://www.nolacatholic.org/ -- is a non-profit religious
corporation incorporated under the laws of the State of Louisiana.

Created as a diocese in 1793, and established as an archdiocese in
1850, the Archdiocese of New Orleans has educated hundreds of
thousands in its schools, provided religious services to its
churches and provided charitable assistance to individuals in need,
including those affected by hurricanes, floods, natural disasters,
war, civil unrest, plagues, epidemics, and illness. Currently, the
archdiocese's geographic footprint occupies over 4,200 square miles
in southeast Louisiana and includes eight civil parishes:
Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John
the Baptist, St. Tammany, and Washington.

The Roman Catholic Church for the Archdiocese of New Orleans sought
Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1,
2020. The archdiocese was estimated to have $100 million to $500
million in assets and liabilities as of the bankruptcy filing.

Judge Meredith S. Grabill oversees the case.

Jones Walker, LLP and Blank Rome, LLP, serve as the archdiocese's
bankruptcy counsel and special counsel, respectively. Donlin,
Recano & Company, Inc., is the claims agent.

The U.S. Trustee for Region 5 appointed an official committee of
unsecured creditors on May 20, 2020. The committee is represented
by the law firms of Pachulski Stang Ziehl & Jones, LLP and Locke
Lord, LLP. Berkeley Research Group, LLC is the committee's
financial advisor.


ARCHDIOCESE OF NEW ORLEANS: Robinson Law Represents Creditors
-------------------------------------------------------------
The law firm of Robinson Law Offices, LLC filed a verified
statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure to disclose that in the Chapter 11 case of The Roman
Catholic Church of the Archdiocese of New Orleans, the firm
represents creditors.

The creditors have retained the counsel as their legal counsel with
respect to matters arising in the Bankruptcy Case and for purposes
of asserting claims and protecting other rights against the Debtor.


The Creditors' address and the nature and amount of disclosable
economic interests held in relation to the Debtor are:

1. C.P.A. Doe
   c/o Craig M. Robinson
   700 Camp Street
   New Orleans, LA 70130
   Tel: (504) 458-5100
   Fax: (504) 717-4627
   craig@rlolegal.com
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/20/2025.

2. P.W.B. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 12/15/2023.

3. M.C. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/16/2023.

4. E.A.D. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 4/15/2024.

5. L.C.D. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 8/12/2025.

6. L.J.F. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 8/12/2025.

7. K.E.G. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/18/2024.

8. J.E.G. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 12/8/2023.

9. R.J.H. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/22/2022.

10. E.P.J. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 1/20/2022 and Claim No. 20398.

11. L.M.K. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 1/26/2024.

12. M.L.L. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/19/2024.

13. P.S.L. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Claim No.
   2/23/2024.

14. D.P.L. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 12/1/2023.

15. W.M.M. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 12/25/2020 and Claim No. ESAS-196.

16. A.B.P. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 6/27/2024.

17. A.P.R. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 6/6/2025.

18. G.F.R. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 6/27/2024.

19. A.J.S. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/1/2023.

20. K.H.T. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 2/7/2025.

21. S.A.T. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 10/18/2021 and Claim No. 20395.

22. F.L.W. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 7/8/2025.

23. H.J.W. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 6/18/2024.

24. C.J.W. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 10/19/2022.

25. K.M.Z. Doe
   * The creditor asserts claims and causes of action against the
Debtor as set forth in Proof of Claim
   dated 10/19/2022.

The law firm can be reached at:

     Craig M. Robinson, Esq.
     Robinson Law Offices, LLC
     700 Camp Street
     New Orleans, Louisiana 70130
     T: (504) 458-5100
     F: (504) 717-4627
     E: craig@rlolegal.com

                               About Roman Catholic Church of
                               The Archdiocese Of New Orleans

The Roman Catholic Church of the Archdiocese of New Orleans --
https://www.nolacatholic.org/ -- is a non-profit religious
corporation incorporated under the laws of the State of Louisiana.

Created as a diocese in 1793, and established as an archdiocese in
1850, the Archdiocese of New Orleans has educated hundreds of
thousands in its schools, provided religious services to its
churches and provided charitable assistance to individuals in need,
including those affected by hurricanes, floods, natural disasters,
war, civil unrest, plagues, epidemics, and illness. Currently, the
archdiocese's geographic footprint occupies over 4,200 square miles
in southeast Louisiana and includes eight civil parishes:
Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John
the Baptist, St. Tammany, and Washington.

The Roman Catholic Church for the Archdiocese of New Orleans sought
Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1,
2020. The archdiocese was estimated to have $100 million to $500
million in assets and liabilities as of the bankruptcy filing.

Judge Meredith S. Grabill oversees the case.

Jones Walker, LLP and Blank Rome, LLP, serve as the archdiocese's
bankruptcy counsel and special counsel, respectively. Donlin,
Recano & Company, Inc., is the claims agent.

The U.S. Trustee for Region 5 appointed an official committee of
unsecured creditors on May 20, 2020. The committee is represented
by the law firms of Pachulski Stang Ziehl & Jones, LLP and Locke
Lord, LLP. Berkeley Research Group, LLC is the committee's
financial advisor.


ARP HOSPITALITY: Seeks to Hire Eday & Associates as Accountant
--------------------------------------------------------------
ARP Hospitality Group LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to employ Eday & Associates
LLC as accountant.

The firm is needed on the going work coordination with bankruptcy
accountant and preparation of tax returns.

The firm will be paid at an hourly rate of $250 and a retainer of
$2,500 is required.

The firm represents no interest adverse to the Debtor or to the
estate on the matters upon which it is to be engaged.

The firm can be reached at:

     Eday & Associates LLC
     155 Polify Rd.
     Hackensack, NJ 07601
     Telephone: (201) 518-2300

                    About ARP Hospitality Group

ARP Hospitality Group LLC, doing business as Fairfield by Marriott,
operates a midscale hotel offering lodging, breakfast, and business
services. The property is located in Paramus, New Jersey, and
serves both business and leisure travelers.

ARP Hospitality Group LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-17941) on July 29,
2025. In its petition, the Debtor reports total assets of
$9,957,890 and total liabilities of $7,960,943.

The Debtor tapped Michael S. Kopelman, Esq., at Kopelman &
Kopelman, LLP as counsel and Eday & Associates LLC as accountant.


ARROTEX AUSTRALIA: FS KKR Marks $10.8MM 1L Loan at 35% Off
----------------------------------------------------------
FS KKR Capital Corp. has marked its Australian $10,800,000 loan
extended to Arrotex Australia Group Pty. Ltd. to market at
Australian $7,100,000 or 65% of the outstanding amount, according
to FS KKR's Form 10-Q for the fiscal year ended June 30, 2025,
filed with the U.S. Securities and Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Arrotex Australia Group Pty. Ltd. The loan accrues interest at a
rate of 6% per annum. The loan matures on June 2028.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, Pennsylvania 19112
Telephone: (215) 495-1150

          About Arrotex Australia Group Pty. Ltd.

Arrotex Australia Group Pty. Ltd. is one of Australia's largest and
most diversified pharmaceutical providers, offering the most
extensive range of prescription products across the spectrum of
therapeutic areas.


ART FOR CAUSE: Seeks Approval to Hire Estelle Miller as Accountant
------------------------------------------------------------------
Art For Cause Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Estelle Miller, a
certified public accountant practicing in Bellmore, New York.

The accountant will provide these services:

     (a) gather and verify all pertinent information required to
compile and prepare monthly operating reports; and

     (b) prepare monthly operating reports for the Debtor.

The accountant will be paid at the rate of $300 per report, plus
reimbursement for expenses incurred.

Ms. Miller received an initial retainer of $3,000 from the Debtor.

Ms. Miller disclosed in a court filing that she is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The accountant can be reached at:

     Estelle Miller, CPA
     Bellmore, NY 11710
     Telephone: (347) 570-7002
     Email: estellemillercpa@gmail.com
         
                      About Art For Cause Inc.

Art For Cause Inc. owns a property at 83 Foxwood Drive in Jericho,
New York, valued at approximately $1.03 million.

Art For Cause Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43201) on July 3,
2025. In its petition, the Debtor reports total assets of
$1,049,200 and total liabilities of $755,805.

Honorable Bankruptcy Judge Jil Mazer-Marino handles the case.

The Debtor tapped the Law Offices of Alla Kachan as counsel and
Estelle Miller, CPA, as accountant.


ATHENS ANNAPOLIS: Seeks to Hire Coyle Law Group as Attorney
-----------------------------------------------------------
Athens Annapolis Property Owner LLC seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire The Coyle Law
Group as attorney.

The firm will render these services:

     a. provide legal advice in the continued possession and
management of his property;

     b. prepare all schedules and statements required by the
Bankruptcy Code Bankruptcy Rules or Local Bankruptcy Rules;

     c. represent the Debtor in connection with any proceedings for
relief from stay which may be instituted in this Court;

     d. represent the Debtor at any meetings of creditors convened
pursuant to Section 341 of the Bankruptcy Code;

     e. prepare all necessary applications, motions, answers,
orders, reports and other legal papers and advice and assistance to
and representation of the Debtor in preparing, filing and
prosecuting a disclosure statement and plan under Chapter 11;

     f. represent the Debtor in collateral litigation before the
Bankruptcy Court and other courts; and

     g. provide such other legal services for the Debtor which may
be necessary, and generally represent, advise and assist the Debtor
in carrying out his duties under the Bankruptcy Code.

The firm's standard hourly rates are:

     Attorneys       $450
     Paralegals      $125

The firm paid a retainer of $6,000.

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

Michael P. Coyle, Esq., a partner at The Coyle Law Group, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Michael P. Coyle, Esq.
     The Coyle Law Group
     7061 Deepage Drive, Ste 101B
     Columbia, MD 21045
     Tel: (443) 545-1215

      About Athens Annapolis Property Owner LLC

Athens Annapolis Property Owner LLC a single asset real estate
entity that owns property along Aris Allen Boulevard in Annapolis,
Maryland.

Athens Annapolis Property Owner LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. MD. Case No. 25-16011) on
July 1, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $1 million and $10 million each.

The Debtors are represented by Michael Patrick Coyle, Esq. at The
Coyle Law Group LLC.


ATX NETWORKS: FS KKR Marks $45.1MM 2L Loan at 61% Off
-----------------------------------------------------
FS KKR Capital Corp. has marked its $45,100,000 loan extended to
ATX Networks Corp. to market at $17,700,000 or 39% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured Second Lien Loan to ATX
Networks Corp. The loan accrues interest at a rate of 10% per
annum. The loan matures on September 2028.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

        About ATX Networks Corp.

ATX Networks Corp. is a market-leading provider of broadband access
and media distribution solutions.


AUDACIOUS DESIGNS: Seeks to Use Cash Collateral
-----------------------------------------------
Audacious Designs, LLC asks the U.S. Bankruptcy Court for the
Western District of Texas, Midland Division, for authority to use
cash collateral and provide adequate protection.

The Debtor identifies two creditors -- Headway Capital and Rapid
Finance -- which have filed UCC-1 financing statements indicating
liens on the Debtor's cash and other assets. These filings
establish those creditors' potential claims on cash collateral
generated through the Debtor's operations.

The Debtor requests court approval to use this cash collateral to
fund critical operating expenses, including payroll, insurance, and
general business costs, necessary for the continued functioning and
reorganization of the business.

All projected income and expenses are outlined in a 14/30-day
budget. The Debtor proposes using up to 110% of each budgeted
expense, provided the total monthly spending does not exceed the
overall budget by more than 10%.

The Debtor emphasizes that continued access to cash collateral is
vital to its ability to operate and reorganize successfully.
Revenue is entirely dependent on its business operations, so
without this approval, operations and, therefore, any chance of
reorganization would come to a halt.

A copy of the motion is available at https://urlcurt.com/u?l=4JzUaM
from PacerMonitor.com.

                 About Audacious Designs, LLC

Audacious Designs, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-70128-smr) on
August 18, 2025. In the petition signed by Rachel Niederhofer,
manager, the Debtor disclosed up to $50,000 in assets and up to
$500,000 in liabilities.

Judge Shad Robinson oversees the case.

Robert C Lane, Esq., at The Lane Law Firm, represents the Debtor as
legal counsel.




AVALON GLOBOCARE: Issues 221,000 Shares on Note Conversions
-----------------------------------------------------------
Avalon GloboCare Corp., a Delaware corporation disclosed in a Form
8-K Report filed with the U.S. Securities and Exchange Commission
that between July 30 and August 6, 2025, it issued an aggregate of
221,000 shares of unregistered common stock to a noteholder upon
partial conversions of an outstanding promissory note.

After giving effect to such issuances, there were 3,690,109 shares
of the Company's common stock outstanding as of August 6, 2025.

The securities described above have not been registered under the
Securities Act of 1933, as amended, or the securities laws of any
state, and were offered and sold in reliance on the exemption from
registration under the Securities Act afforded by Section 4(a)(2)
thereof.

                       About Avalon Globocare

Avalon Globocare Corp., based in Freehold, New Jersey, develops and
markets precision diagnostic consumer products and cellular therapy
intellectual property.  The Company currently sells the KetoAir
breathalyzer, a U.S. FDA-registered Class I medical device, and
plans to expand its diagnostic applications.  It also owns and
manages commercial real estate at its headquarters.

In an audit report dated March 31, 2025, M&K CPAS, PLLC issued a
"going concern" qualification citing that the Company has yet to
achieve profitable operations, has negative cash flows from
operating activities, and is dependent upon future issuances of
equity or other financings to fund ongoing operations, all of which
raises substantial doubt about its ability to continue as a going
concern.

As of Dec. 31, 2024, the Company reported $21 million in total
assets against $13.9 million in total liabilities.  As of Jun. 30,
2025, the Company had $8 million in total assets against $15.1
million in total liabilities.


AVDHESH MANAGEMENT: Taps Trevett Cristo as Legal Counsel
--------------------------------------------------------
Avdhesh Management Great Lakes, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of New York to hire
Cristo Law Group, LLC, doing business as Trevett Cristo, as its
legal counsel.

The firm will render these services:

     (a) advise the Debtor regarding its power and duties in the
continued operation of its business and management of its
property;

     (b) take necessary action to avoid liens against the Debtor's
property;

     (c) take necessary action to enjoin and stay until final
decree any attempts by secured creditors to enforce liens upon the
Debtor's property;

     (d) represent the Debtor in any proceedings which may be
instituted in this court by creditors or other parties;

     (e) prepare legal papers; and

     (f) perform all other legal services for the Debtor.

The hourly rates of the firm's counsel and staff are:

     Partners     $400
     Associates   $200
     Paralegals   $100

The Debtor paid the firm a pre-bankruptcy retainer of $5,000.

David Ealy, Esq., a partner at Trevett Cristo, disclosed in a court
filing that his firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     David H. Ealy, Esq.
     Cristo Law Group LLC
     Two State Street, Suite 1000
     Rochester, NY 14614
     Telephone: (585) 454-2181
     Facsimile: (585) 454-4026
     Email: dealy@trevettcristo.com

      About Avdhesh Management Great Lakes, Inc.

Avdhesh Management Great Lakes, Inc. is a restaurant operator in
the food service industry based in Rochester, New York.

Avdhesh Management Great Lakes, Inc. sought relief under Subchapter
V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case
No. 25-20520) on July 11, 2025. In its petition, the Debtor reports
estimated assets up to $50,000 and estimated liabilities between
$100,000 to $500,000.

The Debtors are represented by David H. Ealy, Esq. at Cristo Law
Group Llc D/b/a Trevett Cristo.



AXE HANDLE: Seeks Chapter 11 Bankruptcy in Pennsylvania
-------------------------------------------------------
On August 19, 2025, Axe Handle LLC filed Chapter 11 protection in
the Eastern District of Pennsylvania. According to court filing,
the Debtor reports $412,706 in debt owed to 1 and 49 creditors.
The petition states funds will be available to unsecured
creditors.

         About Axe Handle LLC

Axe Handle LLC owns a property located at 4610 Axe Handle Road in
Quakertown, Pennsylvania with an estimated value of $1 million.

Axe Handle LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-13292) on August 19,
2025. In its petition, the Debtor reports total assets of
$1,198,392 and total liabilities of $412,706.

Honorable Bankruptcy Judge Ashely M. Chan handles the case.

The Debtor is represented by Jeffrey Kurtzman, Esq. at KURTZMAN
STEADY, LLC


BARE ARMS: Seeks to Hire Dennery PLLC as Bankruptcy Counsel
-----------------------------------------------------------
Bare Arms Limited Liability Company seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Kentucky to employ
Dennery, PLLC as counsel.

The firm will provide these services:

     (a) advise the Debtor about its rights, powers and duties;

     (b) advise and assist the Debtor with the preparation of the
petition, schedules, and statements of financial affairs;

     (c) analyze the claims of the creditors, and negotiate with
such creditors;

     (d) investigate the acts, conduct, assets, rights, liabilities
and financial condition of the Debtor and its business;

     (e) advise and negotiate the sale of any or all assets of the
Debtor;

     (f) investigate, file, and prosecute any claims on behalf of
the estate;

     (g) draft and propose a plan of reorganization;

     (h) appear for the Debtor at any hearings, conferences, and
other proceedings;

     (i) prepare and/or review motions, applications, proposed
orders, and other documents filed with the court;

     (j) initiate any appropriate proceedings to avoid prepetition
transfers and/or recover assets for the benefit of the estate; and

     (k) deliver any and all other legal services as may be
required that are in the best interest of the estate or the
creditors.

The firm will be paid at these hourly rates:

     (a) $300 for each hour devoted to performing legal services;

     (b) $225 for each hour devoted to delivering financial
reports, bookkeeping services, or business planning services
required to develop cash collateral budgets, projections to support
a plan of reorganization, applications for post-petition financing,
or any proposed merger, acquisitions, assignment or sales
transactions; and

     (c) $100 for each hour of paralegal, administrative and legal
support services.

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

The firm received a retainer of $16,038 from the Debtor.

J. Christian Dennery, Esq., an attorney at Dennery, 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:

     J. Christian Dennery, Esq
     Dennery, PLLC
     P.O. Box 121241
     Covington, KY 41012
     Telephone: (888) 833-2826
     Facsimile: (859) 286-6726
    
              About Bare Arms Limited Liability Company

Bare Arms Limited Liability Company, d/b/a Bare Arms Trading Co.
and Bladez, operates indoor shooting ranges and provides firearms
training and retail services in Kentucky and West Virginia. The
Company offers range rentals, concealed carry certification
courses, and branded tactical merchandise through physical stores
and pickup locations across multiple states.

Bare Arms Limited Liability Company sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 25-10174) on
July 21, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Douglas L. Lutz handles the case.

The Debtor is represented by J. Christian Dennery, Esq., at Dennery
PLLC.


BAXSTO LLC: Seeks Chapter 11 Bankruptcy in Texas
------------------------------------------------
On August 21, 2025, Baxsto LLC filed Chapter 11 protection in
the Western 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 not be available
to unsecured creditors.

         About Baxsto LLC

Baxsto LLC, based in Austin, Texas, manages and owns undivided
mineral interests in Howard and Borden Counties. Formed in 2014,
the Company leases these mineral rights to oil and gas operators
for the extraction of oil, gas, limestone, gravel, coal, sulfur,
and other minerals.

Baxsto LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Tex. Case No. 25-11291) on August 21, 2025. In
its petition, the Debtor reports estimated assets and liabilities
between $10 million and $50 million each.

Honorable Bankruptcy Judge Shad Robinson handles the case.

The Debtor is represented by Stephen W. Sather, Esq. at BARRON &
NEWBURGER, P.C.


BICK GROUP: Hires Carmody MacDonald P.C. as Bankruptcy Counsel
--------------------------------------------------------------
Bick Group Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Missouri to employ Carmody
MacDonald P.C. as bankruptcy counsel.

The firm's services include:

   a. advising Debtor with respect to its rights, power, and duties
in this Chapter 11 Case;

   b. assisting and advising Debtor in its consultations with any
appointed committee related to the administration of this Chapter
11 Case;

   c. assisting Debtor in analyzing the claims of creditors and
negotiating with such creditors;

   d. assisting Debtor with investigation of the assets,
liabilities, and financial condition of Debtor and reorganizing
Debtor's business in order to maximize the value of Debtor's assets
for the benefit of all creditors;

   e. advising Debtor in connection with the sale of assets or
business;

   f. assisting Debtor in its analysis of and negotiation with any
appointed committee or any third-party concerning matters related
to, among other things, the terms of a plan of reorganization;

   g. assisting and advising Debtor with respect to any
communications with the general creditor body regarding significant
matters in this Chapter 11 Case;

   h. commencing and prosecuting necessary and appropriate actions
and/or proceedings on behalf of Debtor;

   i. reviewing, analyzing, or preparing, on behalf of Debtor, all
necessary applications, motions, answers, orders, reports,
schedules, pleadings, and other documents;

   j. representing Debtor at all hearings and other proceedings;

   k. conferring with other professional advisors retained by
Debtor in providing advice to Debtor;

   l. performing all other necessary legal services in this Chapter
11 Case as may be requested by Debtor; and

   m. assisting and advising Debtor regarding pending arbitration
and litigation matters in which Debtor may be involved, including
continued prosecution or defense of actions and/or negotiations on
Debtor's behalf.

The firm will be paid at these rates:

     Partners                 $310 to $650 per hour
     Associates               $280 to $355 per hour
     Paralegals/law clerks    $150 to $205 per hour

As of the Petition Date, the firm has been paid the sum of
$23,071.50.

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

Mr. Eggmann 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:

     Robert E. Eggmann, Esq.
     Nathan R. Wallace, Esq.
     Carmody Macdonald P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MO 63105
     Tel: (314) 854-8600
     Fax: (314) 854-8660
     Email: ree@carmodymacdonald.com
            nrw@carmodymacdonald.com

              About Bick Group Holdings, LLC

Bick Group Holdings, LLC filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Mo. Case No. 25-43081) on August 12, 2025. The Debtor
hires Carmody MacDonald P.C. as bankruptcy counsel.



BIOCURITY PHARMACEUTICALS: Sues Former Exec for Leaking Ch. 7 Info
------------------------------------------------------------------
Emilie Ruscoe of Law360 Bankruptcy Authority reports that BioCurity
Pharmaceuticals Inc. and its advisers have filed suit against a
former company officer, accusing her of violating a nondisclosure
agreement by disparaging the advisers and disclosing the company's
bankruptcy discussions to shareholders.

                About BioCurity Pharmaceuticals Inc.

BioCurity Pharmaceuticals Inc. is a pharmaceutical company based in
Jupiter, Florida.

BioCurity Pharmaceuticals Inc. sought relief under Chapter 7 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-11937) on
September 6, 2024.

Honorable Bankruptcy Judge Craig T. Goldblatt handles the case.

The Debtor is represented by Kevin Scott Mann, Esq. at Cross &
Simon, LLC.


BLUELINX HOLDINGS: Moody's Cuts CFR to B1 & Sr. Secured Notes to B2
-------------------------------------------------------------------
Moody's Ratings downgraded BlueLinx Holdings Inc.'s (BlueLinx)
corporate family rating to B1 from Ba3, its probability of default
rating to B1-PD from Ba3-PD, and the rating on the company's senior
secured notes to B2 from B1. The Speculative Grade Liquidity rating
is unchanged at SGL-1. The outlook is maintained at stable.

The rating action was prompted by BlueLinx' high leverage, weaker
interest coverage metrics as a result of reduced earnings
generation and continued erosion in profitability through the first
half of 2025. At June 28, 2025, BlueLinx' total debt to EBITDA and
EBITDA to interest coverage stood at 4.9x and 2.6x, respectively.
Given the continued weakness in the company's end markets, its
credit metrics are likely to weaken further through 2025 with only
modest improvements in 2026.

The stable outlook reflects BlueLinx's very good liquidity position
and Moody's expectations of modest positive free cash flow in 2025
and 2026. Moody's also expects the company to initiate measures to
halt the erosion in profitability.

RATINGS RATIONALE

BlueLinx's B1 CFR reflects: 1) the company's solid market position
as a two-step distributor of building products with a national
reach; 2) focus on specialty building products that represent about
70% of revenue and 80% of gross profit, and generate higher gross
margins; 3) the company's financial policy with publicly stated
target net debt leverage of around 2.0x and cash coverage of debt
including property financing leases of about 0.6x; and 4) a very
good liquidity position with good cash balances and undrawn
revolving credit facility.

The rating is constrained by: 1) low EBIT margins inherent to the
distribution nature of the business as well as the volatility of
margins caused by the variability in product pricing, which is
commodity-based; 2) competitive landscape of the building products
distribution business in a fragmented market with low barriers to
entry; 3) high debt to EBITDA of 4.9x due to eroding profitability;
4) risk of shareholder-friendly returns given the company's share
repurchase authorization and risks related to potential
acquisitions, although a disciplined approach is expected; and 5)
cyclicality of the residential and commercial end markets and the
associated volatility in product demand.

BlueLinx' Speculative Grade Liquidity rating of SGL-1 reflects
Moody's expectations that the company will maintain very good
liquidity over the next 12 to 15 months. Liquidity is supported by
a good cash balance of $387 million at June 28, 2025, nearly full
availability under the company's $350 million ABL revolving credit
facility due August 2026, flexibility under the springing fixed
charge coverage financial covenant, and Moody's expectations for
modest positive free cash flow in 2025 and 2026.

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

The ratings could be upgraded if the company significantly expands
revenue scale and generates EBIT margins sustainably above 5%,
while operating with debt to EBITDA below 4.0x and EBITDA to
interest coverage above 4.0x through industry cycles, and
maintaining good liquidity.

The ratings could be downgraded if the company's debt to EBITDA is
sustained above 5.0x, if EBITDA to interest coverage is below 3.0x,
if liquidity weakens meaningfully including if cash coverage of
debt declines, or if the company's financial policies become more
aggressive either in terms of large-scale debt funded acquisitions
or shareholder returns.

The principal methodology used in these ratings was Distribution
and Supply Chain Services published in December 2024.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.

BlueLinx Holdings Inc., headquartered in Atlanta, Georgia, is a
two-step wholesale distributor of building products for residential
and commercial markets in the US. The company's product categories
include lumber, panels, engineered wood, siding, millwork, and
metal building products. Through approximately 65 primary
locations, BlueLinx serves about 15,000 customers across 50 states.
In the last 12 months ended June 28, 2025, the company generated
$2.9 billion in revenue.


BOXLIGHT CORP: All Four Proposals Approved at 2025 Annual Meeting
-----------------------------------------------------------------
Boxlight Corporation on August 8, 2025, held its 2025 annual
meeting of stockholders, at which the Company's stockholders
considered four proposals, each of which is described in more
detail in the Company's proxy statement filed with the Securities
and Exchange Commission on June 17, 2025. At the Annual Meeting,
there were a total of 2,649,936 votes eligible to be cast and there
were shares representing a total of 1,626,775 votes present in
person or by proxy, representing 61.38% of the votes eligible to be
cast. The final voting results for each matter considered and voted
on by the Company's stockholders at the Annual Meeting are set
forth in more detail below.

1. Election of Directors.

The Company's stockholders elected Dale Strang, Michael Pope,
Rudolph F. Crew, and Tiffany Kuo to serve on the Company's board of
directors until the Company's 2026 annual meeting of stockholders
and until their successor have been duly elected and have
qualified.

2. Ratification of the Company's Independent Auditors.

The Company's stockholders voted to ratify the appointment of
FORVIS MAZARS, LLP as the Company's independent registered public
accounting firm for the fiscal year ending December 31, 2025.

3. Advisory Vote on the Company's Executive Compensation.

The Company's stockholders voted to approve (on an advisory basis)
the Company's executive compensation.

4. Amendment to the Company's Articles of Incorporation to increase
the number of authorized shares of Class A common stock to
25,000,000.

The Company's stockholders voted to approve an amendment to the
Company's Articles of Incorporation to increase the number of
authorized shares of Class A common stock from 3,750,000 to
25,000,000.

Details of the final votes on each matter are provided in the
Company's 8-K Report dated August 12, 2025, filed with the U.S.
Securities and Exchange Commission, and accessible at
https://tinyurl.com/ffd8umva

                      About Boxlight Corporation

Boxlight Corporation, based in Duluth, Georgia, is a technology
company that develops, sells, and services interactive solutions
primarily for the global education market, as well as for corporate
and government sectors. The Company offers a range of products,
including interactive and non-interactive flat-panel displays, LED
video walls, media players, classroom audio systems, cameras, and
STEM solutions like 3D printing and robotics. These products are
integrated into a classroom software suite for learning,
assessment, and collaboration. Boxlight also provides professional
training services to U.S. educational customers.

In its report dated Mar. 28, 2025, the Company's auditor, Forvis
Mazars, LLP, issued a "going concern" qualification, attached to
the Company's Annual Report on Form 10-K for the year ended Dec.
31, 2024, highlighting that the Company has identified certain
conditions relating to its outstanding debt and Series B and C
Preferred Stock that are outside the control of the Company. In
addition, the Company has generated recent losses. These factors,
among others, raise substantial doubt regarding the Company's
ability to continue as a going concern.

As of Dec. 31, 2024, Boxlight disclosed $115.31 million in total
assets against $99.69 million in total liabilities, $28.51 million
in total mezzanine equity, and a total stockholders' deficit of
$12.90 million.  As of Jun. 30, 2025, the Company had $99.2 million
in total assets, $28.5 million in total mezzanine equity, $91.3
million in total liabilities, and $20.6 million in total
stockholders' deficit.


BP RETAIL PARTNERS: Section 341(a) Meeting of Creditors on Oct. 17
------------------------------------------------------------------
On August 21, 2025, BP Retail Partners Inc. filed Chapter 11
protection in 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 October
17, 2025 at 01:30 PM via Meeting held telephonically. Please call
888-330-1716 and enter code 3884044# to attend.

         About BP Retail Partners Inc.

BP Retail Partners Inc., doing business as Batteries Plus, operates
as a U.S.-based wholesale and retail supplier of batteries,
lighting products, and device repair solutions. The Company serves
commercial and individual customers with services including on-site
assessments, battery testing, recycling programs, and tailored
service options, supporting sectors such as fire and security,
property management, electrical contracting, facilities
maintenance, manufacturing, education, and government.

BP Retail Partners Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03476) on August 21,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million.

Honorable Bankruptcy Judge Randal S. Mashburn handles the case.

The Debtor is represented by Robert J. Gonzales, Esq. at EMERGELAW,
PLC.


BRADBURY DEODAR: Hires GoldStar Properties Investment as Broker
---------------------------------------------------------------
Bradbury Deodar LLC seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ GoldStar
Properties Investment Inc. as real estate broker.

The Debtor needs a broker to sell its property located at 188
Deodar Lane, Bradbury, California.

The broker will receive a commission of 2 percent of the property's
sale price.

Yichun Kerry Kou, the founder of GoldStar Properties Investment,
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:

     Yichun Kerry Kou
     GoldStar Properties Investment Inc.
     1108 S. Baldwin Ave., #217
     Arcadia, CA 91007
                    
                    About Bradbury Deodar LLC

Bradbury Deodar LLC is a limited liability company.

Bradbury Deodar LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-14929) on June 12,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $10 million and $50 million each.

Honorable Bankruptcy Judge Vincent P. Zurzolo handles the case.

The Debtor is represented by the Law Offices of Michael Jay Berger.


BUFFALO NEWSPRESS: Seeks to Hire Lumsden McCormick as Accountant
----------------------------------------------------------------
Buffalo Newspress Inc., doing business as BNP Empowered Print,
seeks approval from the U.S. Bankruptcy Court for the Western
District of New York to employ Lumsden McCormick CPA as
accountant.

The firm will render these services:

     (a) prepare federal and New York State corporate tax returns
and schedules;

     (b) prepare accounting entries Lumsden deems necessary or
advisable in connection with the preparation of tax returns; and

     (c) prepare and post adjusting accounting entries.

The hourly rates of the firm's professionals are as follows:

     Partner      $462
     Principal    $387
     Manager      $280
     Senior       $229
     Staff        $165

Michael Grimaldi, CPA, a partner at Lumsden McCormick, disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Michael Grimaldi, CPA
     Lumsden McCormick CPA
     Cyclorama Building
     369 Franklin Street
     Buffalo, NY 14202
     Telephone: (716) 856-3300
     Facsimile: (716) 856-2524
     
                    About Buffalo Newspress Inc.

Buffalo Newspress Inc., also known as BNP Empower, is a
full-service printing solutions provider based in Buffalo, N.Y.,
offering digital, web offset, and other printing services with 24/7
operations.

Buffalo Newspress filed Chapter 11 petition (Bankr. W.D.N.Y. Case
No. 25-10125) on February 5, 2025, listing up to $10 million in
both assets and liabilities. Thomas J. Majerski, president of
Buffalo Newspress, signed the petition.

Judge Carl L. Bucki oversees the case.

The Debtor tapped Kevin R. Lelonek, Esq., at Gross Shuman, PC as
counsel and Lumsden McCormick CPA as accountant.


CAMTREN HOLDINGS: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The U.S. Trustee for Region 21 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of CamTren Holdings, LLC.

                    About CamTren Holdings LLC

CamTren Holdings, LLC is a real estate services company operating
under NAICS code 531390 (Other Activities Related to Real Estate).

CamTren Holdings sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-57423) on July 1,
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 Rountree, Leitman, Klein & Geer, LLC.


CASUAL 21 USA: Seeks Cash Collateral Access
-------------------------------------------
Casual 21 USA Corp. received interim approval from the U.S.
Bankruptcy Court for the Southern District of New York to use the
cash collateral of the U.S. Small Business Administration.

The interim order authorized the Debtor to use up to $1,413,244 in
cash collateral through November 13 in accordance with its budget.
Avoidance actions do not constitute collateral of the secured
lender.

As adequate protection for any diminution in the value of its
interests in the cash collateral, SBA will be granted a valid,
binding, enforceable and automatically perfected lien on and
security interest in all of the Debtor's property.

In addition, the secured lender will receive a monthly payment of
$6,175 as further protection.

Events of default under the interim order include dismissal or
conversion of the Debtor's Chapter 11 case; appointment of a
Chapter 11 trustee or examiner; cessation of operations; using
funds for any purpose other than those set forth in the budget; the
transfer of collateral, including cash collateral to any
non-debtor; and failure to comply with the interim order.

The final hearing is set for September 9. Objections or responses
are due by September 2.

The Debtor, which employs nine people, faced severe financial
distress due to increased tariffs on Chinese goods, a decline in
consumer spending, and significantly higher operational costs
imposed by Amazon and Walmart. In response, the Debtor took out
loans and entered into several merchant finance agreements. Despite
implementing cost-saving and revenue-generating measures, it was
unable to keep up with aggressive repayment terms. Two MFA
creditors, Cooper Investments and Parkview Advance, initiated
lawsuits and froze the Debtor's Amazon-held funds—critical for
operations—forcing the emergency bankruptcy filing.

                     About Casual 21 USA Corp.

Casual 21 USA Corp.  operates an online retail business
specializing in discounted contemporary fashion, offering casual
clothing, footwear, handbags, wallets, accessories, and related
items.  

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-35882) on August 15,
2025. In the petition signed by Asher Horowitz, CFO, the Debtor
disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Judge Kyu Young Paek oversees the case.

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


CEMTREX INC: Intracoastal Capital Holds 9.99% Stake as of June 30
-----------------------------------------------------------------
Intracoastal Capital LLC, Mitchell P. Kopin and Daniel B. Asher
disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S.
Securities and Exchange Commission that as of June 30, 2025, they
beneficially own 336,801 shares of Cemtrex Inc.'s common stock, par
value $0.001 per share, issuable upon exercise of a warrant held by
Intracoastal Capital LLC. The reporting persons have shared voting
and dispositive power over these shares, representing 9.99% of the
class, based on 3,034,581 shares outstanding as reported in
Cemtrex's Prospectus Supplement filed May 29, 2025, plus the
336,801 warrant shares.

The ownership calculation excludes an additional 1,671,598 shares
issuable upon exercise of the same warrant and 142,778 shares
issuable under a second warrant, both subject to blocker provisions
that prevent the holders from exceeding ownership thresholds of
9.99% and 4.99%, respectively. Without such blockers, the reporting
persons could be deemed to beneficially own up to 2,151,177
shares.

Intracoastal may be reached through:

    Mitchell P. Kopin, Manager
    Intracoastal Capital LLC
    245 Palm Trail
    Delray Beach, Florida 33483
    Tel: 847-562-9030

A full-text copy of Intracoastal's SEC report is available at:

            https://tinyurl.com/48zewe69

                          About Cemtrex

Cemtrex, Inc. was incorporated in 1998 in the state of Delaware and
has evolved through strategic acquisitions and internal growth into
a multi-industry company.

Jericho, New York-based Grassi & Co, CPAs, P.C., the Company's
auditor since 2021, issued a "going concern" qualification in its
report dated Dec. 30, 2024, citing that the Company has sustained
net losses and has significant short-term debt obligations, which
raise substantial doubt about its ability to continue as a going
concern.

As of Jun. 30, 2025, the Company had $46,960,823 in total assets
against $43,108,827 in total liabilities.


CENTRAL RENT-ALL: Hires Sternberg Naccari & White as Counsel
------------------------------------------------------------
Central Rent-All & Outdoor Power Equipment Sales Inc. seeks
approval from the Middle District of Louisiana to hire Sternberg,
Naccari & White, LLC to handle its Chapter 11 case.

The firm received in trust a retainer in the aggregate amount of
$11,738 from the Debtor.

Ryan Richmond, Esq., an attorney at Sternberg, Naccari & White,
will be paid at his hourly rate of $400 plus expenses.

Mr. Richmond 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:

    Ryan J. Richmond, Esq.
    Sternberg, Naccari & White, LLC    
    450 Laurel Street, Suite 1450
    Baton Rouge, LA 70801
    Telephone: (225) 412-3667
    Facsimile: (225) 286-3046
    Email: ryan@snw.law

    About Central Rent-All & Outdoor
      Power Equipment Sales Inc.

Central Rent-All & Outdoor Power Equipment Sales Inc. sells, rents,
and services lawn and garden equipment in Baton Rouge, Louisiana.
The Company offers new and used products, parts, and repair
services for brands such as STIHL, Husqvarna, Gravely, and Snapper.
It also provides equipment delivery, pickup, and blade sharpening.

Central Rent-All & Outdoor Power Equipment Sales Inc. sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Louisiana
Case No. 25-10668) on August 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 Michael A. Crawford handles the case.

The Debtor is represented by Ryan J. Richmond, Esq. at STERNBERG,
NACCARI & WHITE, LLC.



CHARTER COMMUNICATIONS: Moody's Rates New 2035/2055 Sec. Notes Ba1
------------------------------------------------------------------
Moody's Ratings assigned a Ba1 rating to new backed senior secured
notes (the Transaction) to be issued in two tranches due 2035 and
2055 at Charter Communications Operating, LLC (Charter Operating)
and Charter Communications Operating Capital Corp. (CCO Capital),
co-borrowers and co-issuers. Charter Operating and CCO Capital,
along with CCO Holdings, LLC (CCO Holdings) and CCO Holdings
Capital Corp. (CCO Holdings Capital), are wholly owned entities of
Charter Communications Holdings, LLC (Charter Holdings), an
intermediate holding company majority-owned by Charter
Communications, Inc. (Charter). Charter's Ba2 corporate family
rating, Ba2-PD probability of default rating and all instrument
ratings, including the Ba1 senior secured notes at Time Warner
Cable LLC, Time Warner Cable Enterprises LLC and CCO Safari II, LLC
(together with Charter Operating and CCO Capital, the Secured
Entities Group) and the B1 senior unsecured notes at CCO Holdings
and co-borrowed by CCO Holdings Capital, are unaffected by the
proposed Transaction. Charter's stable outlook and SGL-2
speculative grade liquidity (SGL) rating are unchanged.

Moody's views the Transaction as credit neutral. Moody's expects
the terms and conditions of the newly issued obligations to be
materially the same as existing obligations of the same class.
Charter intends to use the net proceeds from the financing for
general corporate purposes, including to repay certain
indebtedness, including the 6.150% senior secured notes due 2026
and to fund potential buybacks of Charter Class A common stock and
common units of Charter Holdings. Moody's believes any incremental
debt leverage (net of repayment and on a Moody's adjusted basis)
will not materially change the credit profile or the proportional
mix of secured and unsecured debt, or the resultant creditor claim
priorities in the capital structure.

On May 16, 2025, Charter entered into an agreement to merge with
Cox Communications, Inc. (CCI, Baa2 ratings under review for
possible downgrade), a wholly owned subsidiary of Cox Enterprises,
Inc. (CEI, Baa2 ratings under review for possible downgrade). The
$34.5 billion transaction will be funded with $11.9 billion of
partnership common units at Charter Holdings exchangeable into
Charter common stock, $6.0 billion of Charter Holdings partnership
convertible preferred units with a 6.875% preferred cash dividend
coupon convertible into common units at Charter Holdings, $4
billion of cash (assumed to be funded with secured debt at close)
and the assumption of $12.6 billion of CCI's outstanding net debt
and finance leases. Moody's assumptions is the CCI debt will be
assumed at a new Charter subsidiary on a secured basis and under
the same terms as the entities comprising Charter's Secured
Entities Group. The transaction is expected to close by mid-2026
and is subject to regulatory approvals. Moody's expects debt
leverage (Moody's adjusted) of 4.2x on a pro forma basis at
year-end 2026.

RATINGS RATIONALE

Charter's credit profile is supported by sizable scale, its large
number of household and business passings in its service
footprints, significant market share and a competitively positioned
high speed broadband network. As the second largest cable company
in the US already, Charter's enhanced scale post its planned merger
with CCI will further support strong EBITDA margins of around 40%
given its solid share of high margin wireline broadband customers.
The company's business model remains predictable, with a
diversified geographic footprint and customer base and a largely
recurring revenue model.

Moody's anticipates steady deleveraging from the integration of
Charter and CCI as a result of operating and capital spending
synergies. Moody's expects Charter's financial policy to become
slightly more conservative post transaction close as well, with a
lower company-defined net debt leverage target in the 3.5x to 4.0x
range. On a pro forma combined basis, Moody's anticipates that
Charter will also operate with decreased capital intensity and
generate increasing free cash flow as a percentage of total debt.

Charter faces unfavorable secular trends and pressure in its
wireline voice and video offerings as evidenced by sustained
subscription losses for these services, with the latter driven by
significant consumer shifts in media consumption. The company is
also now beginning to suffer broadband subscriber losses due to
higher competitive intensity from fixed wireless access and fiber
broadband operators. While Charter's mobile virtual network
operator services continue to grow at high rates and help to
mitigate overall customer churn, Moody's believes the longer-term
economics of this segment won't approach the higher margin levels
of the company's wireline broadband offerings.

Charter has good liquidity supported by positive operating cash
flow. As of June 30, 2025, the company had $606 million of balance
sheet cash and $5.8 billion of undrawn availability under existing
revolving credit facilities, including adequate headroom under
maintenance covenants. Pro forma for an approximate $1.4 billion
draw in July to fund the repayment of 4.908% Charter Operating
senior secured notes due July 23, 2025, Moody's believes
approximately $4.4 billion is currently available under existing
revolving credit facilities.

The instrument ratings reflect both the probability of default of
Charter, as reflected in the Ba2-PD probability of default rating,
an average expected family recovery rate of 50% at default, and the
loss given default assessment of the debt instruments in the
capital structure based on a priority of claims. The senior secured
bank credit facilities and senior secured notes at Charter
Operating, Time Warner Cable LLC, and Time Warner Cable Enterprises
LLC are rated Ba1, one notch higher than the Ba2 CFR given the loss
absorption provided by the B1 rated senior unsecured notes issued
at CCO Holdings and CCO Holdings Capital Corp. (both of which have
no guarantees). The senior secured bank credit facilities and
senior secured notes benefit from guarantees from all material
operating subsidiaries and are secured by substantially all
assets.

The stable outlook reflects the credit accretive financing
structure and Moody's expectations for operating and capital
synergies from Charter's agreement to merge with CCI, a wholly
owned subsidiary of CEI. Moody's expects stable EBITDA margins to
aid solid free cash flow generation and free cash flow to debt in
the low-to-mid-single-digit range supportive of the current rating.
Post the likely merger close with CCI in late 2026, Moody's also
anticipates the potential for steady deleveraging under a new
financial policy targeting debt leverage in the 3.5x to 4.0x range
on a Moody's adjusted basis. Moody's also expects liquidity to
remain good.

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

Moody's could consider an upgrade if debt leverage is sustained
below 3.75x and retained cash flow to net debt is sustained above
20%, both on a Moody's adjusted basis. An upgrade could also be
conditioned on a sustained and more conservative financial policy,
steady and profitable organic revenue growth and improved
liquidity.

Moody's could consider a downgrade if the company is unable to
sustain organic revenue and EBITDA growth and debt leverage
(Moody's adjusted) rises above 4.25x on a sustained basis. In
addition, a downgrade could be warranted if retained cash flow to
net debt (Moody's adjusted) is sustained below 15%. Moody's could
also consider a negative rating action if liquidity deteriorates,
financial policy becomes more aggressive or scale or geographic
diversity declines.

Charter Communications, Inc., headquartered in Stamford,
Connecticut, provides video, data, phone and wireless services. As
of June 30, 2025 and across a footprint spanning 41 states, Charter
served 31.2 million customers (29.9 million of which are internet
customers) and 10.9 million mobile lines, making it the second
largest US cable operator. The company markets its services under
the Spectrum brand. Revenue for the 12 months ended June 30, 2025
was $55.2 billion. Charter is a public company, and its largest
shareholders are Liberty Broadband Corporation (unrated) and the
Advance/Newhouse family.

The principal methodology used in these ratings was
Telecommunications Service Providers published in November 2023.


CHECKERS HOLDINGS: Moody's Lowers CFR to 'Caa2', Outlook Stable
---------------------------------------------------------------
Moody's Ratings downgraded Checkers Holdings, Inc.'s ("Checkers")
corporate family rating to Caa2 from Caa1, its probability of
default rating to Caa2-PD from Caa1-PD, and its $75 million backed
last-out senior secured term loan rating to Caa2 from Caa1. At the
same time, Moody's affirmed the B1 rating on Checkers' $25 million
backed first out senior secured delayed draw term loan. The outlook
remains stable.

The ratings downgrade reflect Checkers' deteriorating operating
performance that has resulted in significantly weaker credit
metrics. For the twelve month period ended June 16, 2025, debt to
EBITDA increased to 9.3x from 7.3x as EBITA/interest coverage
remains well below 1.0x. The company's profitability has been hurt
by weak traffic and negative same store sales over the past six
quarters as well as higher beef prices and increased labor costs.
Nonetheless, the company's adequate liquidity and lack of near
dated maturities (its delayed draw term loan is due in June 2027)
enable the company to continue to pursue its initiatives to boost
traffic, cut costs and close underperforming restaurants.

RATINGS RATIONALE

Checkers' Caa2 CFR reflects its very high leverage, weak interest
coverage, geographic concentration and its modest scale with 726
systemwide restaurants. Checkers operates in the highly competitive
hamburger QSR segment and its primary customer base that includes
lower income consumers have faced a challenging environment which
has contributed to its weak sales performance.  The company has
also been hurt by higher beef prices and higher investment in labor
costs which did not translate into improved sales performance.
Although Checkers is remodeling a number of its stores to support
improved traffic, the pace of investment also remains at risk due
to declining EBITDA over the last 12 months. However, the ratings
also reflect the company's brand awareness amongst consumers and
relative stability from franchise revenue. Its adequate liquidity
reflects its approximately $20 million of cash and $15 million
available on the senior secured delayed draw term loan due June
2027 as of Q2 2025. The company also has an option to PIK
(payment-in-kind) a portion of its interest expense to preserve
cash and the ability to re-franchise some of its stores.

The stable outlook reflects Checker's adequate liquidity and that
is nearest maturity is not until June 2027 which provides the
company time to address its operating performance.  It also
reflects that current ratings reflect expected recoveries.

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

Ratings could be downgraded should operating performance remain
weak, liquidity deteriorates, financial strategies become more
aggressive, the probability of default increases or estimated
recoveries deteriorate for any reason.

An upgrade would require a sustained improvement in operating
performance which supports higher estimated recoveries,
conservative financial strategies, as well as at least adequate
liquidity including positive free cash flow.

Checkers Holdings, Inc. operates and franchises 726 hamburger quick
service restaurants under the brand names Checkers and Rally's
across the Southeast and Mid-Atlantic US. 219 stores are company
owned and the remainder 507 are franchised. Revenue for the twelve
month period ended June 16, 2025 was $286 million.

The principal methodology used in these ratings was Restaurants
published in August 2021.

Checkers' Caa2 rating is two notches below the scorecard indicated
outcome of B3. The difference reflects its weak operating
performance, high leverage, lower estimated recoveries and
governance risks.


CIVIL LLC: Seeks Chapter 11 Bankruptcy in West Virginia
-------------------------------------------------------
On August 20, 2025, Civil LLC filed Chapter 11 protection in
the Southern District of West Virginia. According to court filing,
the Debtor reports $10 million and $50 million in debt owed to 200
and 999 creditors. The petition states funds will be available to
unsecured creditors.

                   About Civil LLC

Civil LLC operates a coal mining and logistics enterprise with core
operations in Kentucky and West Virginia, centered on an
underground mine in Red Fox, Kentucky, run by Kratos Resources LLC,
and a coal trucking business managed by Civil, LLC. The group's
assets comprise coal preparation facilities, reclamation and
mineral rights in West Virginia, as well as supporting
infrastructure and equipment. Together, the businesses provide coal
extraction, processing, and transportation services to both
affiliated and third-party mine operators in the Central
Appalachian region.

Civil LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. W. Va. Lead Case No. 25-20179) on August 20,
2025. In its petition, the Debtor reports estimated assets between
$50 million and $100 million and estimated liabilities between $10
million and $50 million.

Honorable Bankruptcy Judge B Mckay Mignault handles the case.

The Debtor is represented by J. Zachary Balasko, Esq. at STEPTOE
AND JOHNSON PLLC.


CLAIRE'S HOLDINGS: Simon Property Steps Down as Committee Member
----------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 disclosed in a court filing
the resignation of Simon Property Group L.P. from the official
committee of unsecured creditors in the Chapter 11 cases of
Claire's Holdings, LLC and its affiliates.

The remaining members of the committee are:


   1. Studex Corp.
      Attn: Vladimir Reil
      512 W. Rosecrans Avenue
      Gardena, CA 90248-1514
      Phone: (310) 851-9300
      Fax: (310) 851-9400
      Email: vladimir@studex.com

   2. Inspired Thinking Group (US) Inc.
      Attn: Craig Allardice
      171 N. Aberdeen St., Suite 400
      Chicago, IL 60607
      Email: craigallardice@inspiredthinking.group

   3. Accellor Inc.
      Attn: Amit Guha
      42808 Christy Street, Ste. 216
      Fremont, CA 94538
      Phone: (510) 509-9934

   4. Brookfield Properties Retail Inc.
      Attn: Julie Minnick Bowden
      350 N. Orleans St., Suite 300
      Chicago, IL 60654
      Email: julie.bowden@brookfieldproperties.com

   5. Tanger Management, LLC
      Attn: Dan Seabaugh
      3200 Northline Avenue, Suite 360
      Greensboro, NC 27408
      Phone: (336) 265-2710
      Email: dan.seabaugh@tanger.com

   6. Yumark Enterprises Corp.
      c/o Fanny Cheng
      14F, No. 67, Sec. 2,
      Dunhua S. Road, Taipei 106045
      Taiwan
      Phone: +866-2-2700-3435
      Email: fannycheng@yumark.com.tw
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                     About Claire's Holdings

Claire's Holdings LLC is a fully integrated, global fashion brand
powerhouse committed to inspiring self-expression through the
creation and delivery of exclusive, well-curated products and
experiences.  Through its global brands, Claire's and Icing, the
company delivers an immersive, omnichannel shopping experience with
owned and concession stores throughout North America and Europe as
well as around the world.  On the Web:Â http://www.claires.com/  

On August 6, 2025, Claire's Holdings LLC and certain of its U.S.
and Gibraltar-based subsidiaries, the operator of Claire's and
ICING stores globally, commenced Chapter 11 proceedings in the
United States Bankruptcy Court in the District of Delaware.  The
cases are pending before the Honorable Judge Brendan L. Shannon and
the Debtors have requested joint administration (Bankr. D. Del.
Lead Case No. 25-11454).

In parallel, Claire's Canadian subsidiary commenced a proceeding in
the Ontario Superior Court of Justice (Commercial Division) under
the Companies' Creditors Arrangement Act to monetize the Company's
Canadian assets under the protections offered by the CCAA.  KSV
Restructuring Inc. is the monitor in the CCAA case.

Claire's and ICING locations outside of North America are not
included in the Chapter 11 or CCAA proceedings.

Claire's listed $1 billion to $10 billion in assets and
liabilities.

Kirkland & Ellis LLP is serving as legal counsel to Claire's.
Houlihan Lokey is serving as investment banker, and Alvarez &
Marsal is serving as restructuring advisor.  Osler, Hoskin &
Harcourt LLP is serving as Canadian legal counsel to Claire's. Omni
Agent Solutions LLC is the claims agent.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtors' Chapter
11 cases.

Ankura Trust Company, LLC, as Prepetition Priority Term Loan Agent
and Prepetition Existing Term Loan Agent, is represented by:

   Joel Moss, Esq.
   Amit Trehan. Esq.
   Sean Tierney, Esq.
   Cahill Gordon & Reindell LLP
   Email: JMoss@cahill.com
          ATrehan@cahill.com
          STierney@cahill.com

JPMorgan Chase Bank, N.A., as Prepetition ABL Agent, is represented
by:

   Elisha D. Graff, Esq.
   Zachary J. Weiner, Esq.
   Sean Lee, Esq.
   Simpson Thacher & Bartlett LLP
   Email: egraff@stblaw.com
          zachary.weiner@stblaw.com
          sean.lee@stblaw.com

                   -and-

   L. Katherine Good, Esq.
   Jeremy Ryan, Esq.
   Potter Anderson & Corroon LLP
   Email: lkgood@potteranderson.com
          jryan@potteranderson.com)


CLAIRE'S STORES: To Sell North American Operations Amid Ch. 11
--------------------------------------------------------------
Prachi Singh of FashionUnited reports that Claire's Holdings LLC,
operator of Claire's and ICING stores in the U.S. and Gibraltar,
has reached an agreement to sell its North American business
operations and intellectual property to an affiliate of Ames
Watson, a private holding company.

According to the report, the sale comes as Claire's undergoes
Chapter 11 proceedings in the U.S. and parallel restructuring under
Canada's Companies' Creditors Arrangement Act (CCAA). The
transaction, a central component of Claire's restructuring
strategy, requires approval from courts in both countries and
remains subject to customary closing conditions. As part of the
agreement, Claire's has suspended liquidation at a substantial
number of its North American stores, though some locations will
continue to wind down operations.

Claire's CEO Chris Cramer said the company had "worked tirelessly
to explore every option" to preserve value and was pleased to have
reached a definitive deal. He thanked employees for their continued
dedication during the restructuring.

Ames Watson co-founder Lawrence Berger said the firm intends to
preserve a significant retail footprint across North America,
praising Claire's for building a "powerful emotional connection
with generations of consumers." He added that the company is
committed to ensuring a seamless transition and positioning
Claire's for renewed growth.

Claire's challenges extend overseas. Claire’s UK and Claire's
Netherlands have filed notices of intention to appoint
administrators, while restructuring efforts are also ongoing in
Germany and Austria. Despite these proceedings, stores in North
America and the UK are expected to remain open and continue serving
customers, the report states.

                   About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- is a
specialty retailer of jewelry, accessories, and beauty products
for
young women, teens, "tweens," and kids. Through the Claire's
brand,
the Claire's Group has a presence in 45 nations worldwide, through
a total combination of over 7,500 Company-owned stores,
concessions
locations, and franchised stores. Headquartered in Hoffman
Estates,
Illinois, the Company began as a wig retailer by the name of
"Fashion Tress Industries" founded by Rowland Schaefer in 1961. In
1973, Fashion Tress Industries acquired the Chicago-based Claire's
Boutiques, a 25-store jewelry chain that catered to women and
teenage girls. Following that acquisition, Fashion Tress
Industries
changed its name to "Claire's Stores, Inc." and shifted its focus
to a full line of fashion jewelry and accessories.

In 2007, the Company was taken private and acquired by investment
funds affiliated with, and co-investment vehicles managed by,
Apollo Management VI, L.P. Claire's Group employs approximately
17,000 people globally. Claire's Stores, Inc., and 7 affiliates
sought Chapter 11 protection (Bankr. D. Del. Case No. 18-10584) on
March 19, 2018, after reaching terms of a balance sheet
restructuring with their first lien lenders and sponsor Apollo
Global Management, LLC.  

As of Oct. 28, 2017, Claire's Stores reported $1.98 billion in
total assets against $2.53 billion in total liabilities.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as their bankruptcy
counsel; Richards, Layton & Finger, P.A. as local counsel; FTI
Consulting as restructuring advisor; Lazard Freres & Co. LLC as
investment banker; Hilco Real Estate, LLC as real estate advisor;
and Prime Clerk as claims agent and administrative advisor.

Andrew R. Vara, Acting U.S. Trustee for Region 3, appointed seven
creditors to serve on an official committee of unsecured
creditors.
The Committee retained Cooley LLP, as counsel, and Bayard, P.A.,
as
co-counsel.

                    2nd Chapter 11 Attempt

Claire' Stores sought relief under Chapter 11 of the U.S.
Bankruptcy Code {Bankr. 25-11462) on August 6, 2025. In its
petition, the Debtor reports estimated assets and liabilities
between $1 billion and $10 billion each.

The Debtor is represented by Zachary I. Shapiro, Esq. at Richards,
Layton & Finger, P.A.


CLAROS MORTGAGE: S&P Downgrades ICR to 'CCC' on Term Loan Maturity
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Claros
Mortgage Trust Inc. and issue rating on the company's senior
secured debt to 'CCC' from 'CCC+'. The outlook remains negative.

S&P doesn't think the company's existing liquidity is sufficient to
repay its $714 million term loan, which matures in August 2026,
absent an amendment or refinancing. As of Aug. 5, 2025, CMTG's
total available liquidity increased to $323 million, up from $136
million on March 31, 2025, and $102 million as of year-end 2024.

The increased liquidity was largely due to the company executing on
$1.9 billion in loan resolutions, of which 30% were full repayments
or loan sales at 100% of UPB. The remainder were mortgage
foreclosures, loan sales below par, or discounted payoffs.
Additionally, the company had about $398 million in unencumbered
loans (69% of which were senior mortgages) and $115 million in
unencumbered real estate owned as of June 30, 2025, which it could
use to shore up liquidity. However, S&P doesn't expect existing
liquidity alone to be sufficient to address the upcoming term loan
maturity given uncertainty around timing and amounts of loan
repayments, loan sales, and asset sales.

S&P believes it could be difficult for the company to refinance its
term loan on satisfactory terms due to its weak operating
performance and significant strains on its asset quality and
existing liquidity. As of June 30, 2025, CMTG's loan portfolio had
about $539 million of scheduled maturities in the second half of
2025 (based on fully extended maturity and excluding the New York
multifamily loan that had a discounted payoff in the third
quarter). These maturities relate to two loans:

-- One, with $137 million unpaid principal balance (UPB), has an
internal risk rating of 3, reflecting the company's expectation of
a higher possibility of regular repayment.

-- The other, a California multifamily loan with $402 million UPB,
has an internal risk rating of 5, indicating the company's highest
expectation for a potential loss.

S&P will continue to monitor the ongoing loan repayment and
resolution activity and the company's liquidity to address the
refinancing risk. Additionally, while the company was covenant
compliant as of June 30, 2025, it had limited cushion on certain
financial covenants in its repo funding and term loan agreements.

The company's asset quality remains under pressure, in S&P's view.
The company downgraded its internal risk rating on the California
multifamily loan (its largest investment) to 5 from 4 in the second
quarter of 2025. As of June 30, 2025, CMTG's loans on nonaccrual of
$1.4 billion ($1.2 billion carrying value net of $153 million
specific current expected credit losses reserve) accounted for 26%
of its loan portfolio. Since then, $136 million have been resolved
through mortgage foreclosures.

As of June 2025, CMTG's total credit loss reserve increased to
about $379 million (7.3% of loan UPB), from $266 million as of
year-end 2024. The company held $193 million of the reserve against
eight underperforming investments (risk rated 5) with a total UPB
of $1.36 billion. Despite the increased loan resolution activity,
the carrying value of loans with internal risk ratings of 4 and 5
remains elevated at $2.1 billion (after reflecting the loan
resolutions in July and early August of 2025), or 42% of the total
loan portfolio and about 110% of S&P's adjusted total equity as of
June 30, 2025.

S&P said, "The negative outlook reflects our expectation that over
the next six to 12 months, the company's existing liquidity and
operating performance will challenge its ability to refinance its
term loan in a timely manner under favorable terms.

"We could lower the rating on CMTG if we see a risk of a payment
default occurring within six months. We could also lower the rating
if the company breaches covenants without amendments or executes
exchange offers or a debt restructuring that we view as
distressed.

"We could raise the rating on CMTG if the company successfully
addresses its term loan maturity, either by refinancing or
extending an offer, so that we no longer view a distressed
restructuring or payment default as likely in the next 12 months."



CONCEPTS CONNECTIONS: Section 341(a) Meeting of Creditors on Oct. 1
-------------------------------------------------------------------
On August 22, 2025, Concept Connections Ltd. filed Chapter 11
protection in the Eastern District of Texas. 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 October
1, 2025 at 02:30 PM via Telephonic Dial-In Information.

         About Concept Connections Ltd.

Concept Connections Ltd., based in Plano, Texas, provides
behavioral health services with a focus on Applied Behavior
Analysis (ABA) therapy for individuals with autism and other
developmental disabilities. The Company collaborates with families,
therapists, and schools to deliver tailored therapeutic programs.
It operates at multiple locations in Plano, including 4225 W Parker
Rd, and accepts most major insurance plans.

Concept Connections Ltd, sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-42455) on August 22,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

The Debtor is represented by Sarah M. Cox, Esq. at SPECTOR & COX.


CONGOLEUM CORP: 3rd Cir. Split on Reopening of Chapter 11
---------------------------------------------------------
Jeff Montgomery of Law360 reports that a divided Third Circuit
panel on Friday, August 22, 2025, voted 2-1 to uphold a New Jersey
bankruptcy judge's decision to reopen Congoleum Corp.'s 2003
Chapter 11 case and block Occidental Chemical from pursuing
Congoleum affiliate Bath Iron Works for pollution-related costs.

The Troubled Company Reporter, citing Matthew Santoni of Law360,
previously reported that the U.S. Court of Appeals for the Third
Circuit agreed to revisit the question of whether Congoleum Corp.'s
2003 Chapter 11 case should be reopened, so the bankruptcy court --
not the district court -- can decide whether Congoleum affiliate
Bath Iron Works shares liability for cleaning up a polluted river
in New Jersey.

                  About Congoleum Corp.

Congoleum Corporation -- https://www.congoleum.com/ -- manufactures
and sells vinyl sheet and tile products for both residential and
commercial markets. Its products are used in remodeling,
manufactured housing, new construction, commercial applications,
and recreational vehicles. Congoleum was started in 1828, in
Kirkaldy, Scotland, as a manufacturer of heavy canvas sailcloth,
sold to manufacturers of floorcloth, which was a precursor to
linoleum.

The Company first filed for Chapter 11 protection on Dec. 31, 2003
(Bankr. D.N.J. Case No. 03-51524) to resolve claims asserted
against it related to the use of asbestos in its products decades
prior. Congoleum's reorganization plan became effective as of July
1, 2010. By operation of the reorganization plan, American
Biltrite's ownership interest in Congoleum was eliminated and new
shares in Congoleum were issued to certain of Congoleum's
prepetition creditors.  Richard L. Epling, Esq., Robin L. Spear,
Esq., and Kerry A. Brennan, Esq., at Pillsbury Winthrop Shaw
Pittman LLP, and Paul S. Hollander, Esq., and James L. DeLuca,
Esq., at Okin, Hollander & DeLuca, LLP, represented the Debtors.

Congoleum Corporation again sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 20-18488) on July 13,
2020. The petition was signed by Christopher O'Connor, the CEO and
president. The Debtor was estimated to have $50 million to $100
million in assets and $100 million to $500 million in liabilities.

The Honorable Michael B. Kaplan presided over the 2020 case. In the
2020 case, Warren A. Usatine, Esq., Felice R. Yudkin, Esq., and
Rebecca W. Hollander, Esq. of Cole Schotz P.C., served as counsel
to the Debtor. B. Riley FBR, Inc. served as financial advisor and
investment banker to the Debtor; and Phoenix Management Services,
LLC, as financial advisor.  Prime Clerk LLC was the claims and
noticing agent.  

                          *     *     *

In October 2020, the Debtors won court approval to sell
substantially all assets to Congoleum Acquisition, LLC, an entity
formed by the noteholder group. The sale provided at least $53
million of consideration to the Debtor's estate consisting of (i)
$28.5 million credit bid, (ii) satisfaction of the outstanding
liability to the DIP Lender totaling approximately $10 million at
closing, (iii) payment of cure costs estimated at $1.3 million,
(iv) assumption of postpetition accounts payable estimated at
$1.5million, (v) payment at closing or assumption of claims
pursuant to Section 503(b)(9) estimated at $800,000,(vi) assumption
of liabilities under a capital lease with VFI estimated at $4.5
million, (vii) assumption (if consented to by the Small Business
Association) of the PPP loan in the amount of$5.7 million, (viii)
assumption of deferred FICA taxes estimated at $640,000 and (ix)
liabilities associated with employee health plan at $150,000. In
addition, in connection with the sale, the buyer, Creditors'
Committee and holders of the Senior Secured Notes entered into a
settlement that provides for consideration to the estate of up to
$1.3 million in addition to the $100,000 in Excluded Cash as
follows: (i) $250,000 on or about the effective date of the Plan;
(ii) $250,000 on or about 6 months after the closing of the sale;
(iii) $500,000 on or about 12 months after closing of the sale;
(iv) $300,000 if and when certain monies presently held in a cash
collateral account by Applied Underwriters for a period when the
Debtor was self-insured for workers' compensation claims are
refunded. The settlement also provides consideration to the
Debtor's estate if the buyer sells the company within five years of
closing of the sale.

A Chapter 11 plan was confirmed in the case on January 11, 2021.


COOKSON'S TRANSMISSION: Seeks Subchapter V Bankruptcy in Texas
--------------------------------------------------------------
On August 22, 2025, Cookson's Transmission City Inc. filed
Chapter 11 protection in the Northern District of Texas. According
to court filing, the Debtor reports $880,770 in debt owed to 1 and
49 creditors. The petition states funds will be available to
unsecured creditors.

         About Cookson's Transmission City Inc.

Cookson's Transmission City Inc. provides automotive repair
services with a focus on transmission diagnostics, maintenance, and
rebuilding, and also offers related services including tune-ups,
air conditioning repair, and alternator replacement. The Company
has operated in Duncanville, Texas since 1978, serving individual
car owners and local customers in the Dallas, Fort Worth area.

Cookson's Transmission City Inc. sought relief under Subchapter V
of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case
No. 25-33212) on August 22, 2025. In its petition, the Debtor
reports total assets as of June 27, 2025 amounting to $1,063,188
and total liabilities as of June 27, 2025 of $880,770.

Honorable Bankruptcy Judge Michelle V. Larson handles the case.

The Debtor is represented by Bryan C. Assink, Esq. at BONDS ELLIS
EPPICH SCHAFER JONES LLP.


CTLC LLC: Hires Richard B. Rosenblatt as Bankruptcy Counsel
-----------------------------------------------------------
CTLC LLC seeks approval from the U.S. Bankruptcy Court for the
District of Maryland to hire the Law Offices of Richard B.
Rosenblatt, PC., as attorneys.

The firm's services include:

     a. giving the Debtor legal advice with respect to r powers and
duties as Debtor-in-Possession;

     b. preparing, as necessary, applications, answers, orders,
reports and other legal papers filed by the Debtor; and

     c. performing all other legal services for the Debtor which
may be necessary.

The firm will be paid at these hourly rates:

     Richard Rosenblatt, Attorney    $400
     Linda Dorney, Attorney          $400
     Other Attorneys                 $350
     Paralegal                       $200

The firm received a retainer of $10,000 plus filing fee of $1,738.

Mr. Rosenblatt 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:

     Richard B. Rosenblatt, Esq.
     The Law Offices of Richard B. Rosenblatt, P.C.
     30 Courthouse Square, Suite 302
     Rockville, MD 20850
     Telephone: (301) 838-0098
     Email: rrosenblatt@rosenblatt.com

          About CTLC LLC

CTLC, LLC, is part of the residential building construction
industry.

CTLC, LLC, filed is voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Md. Case No. 23-15444) on Aug. 2,
2023.  The petition was signed by Sandra Grier as member.  At the
time of filing, the Debtor estimated $1 million to $10 million in
both assets and liabilities.

Judge David E. Rice presides over the case.

Richard L. Costella, Esq., at Tydings & Rosenberg LLP, is the
Debtor's counsel.


CUBIC CORP: FS KKR Marks $44.8M 1L Loan at 22% Off
--------------------------------------------------
FS KKR Capital Corp. has marked its $44,800,000 loan extended to
Cubic Corp. to market at $35,100,000 or 78% of the outstanding
amount, according to FS KKR's Form 10-Q for the fiscal year ended
June 30, 2025, filed with the U.S. Securities and Exchange
Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Cubic Corp. The loan accrues interest at a rate of 7.60% per annum.
The loan matures on May 2029.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

            About Cubic Corp.

Cubic Corporation is an American multinational defense and public
transportation equipment manufacturer. It operates two business
segments.


D&G PROFESSIONAL: Mark Shapiro Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Mark Shapiro of
Steinberg, Shapiro & Clark as Subchapter V trustee for D&G
Professional Management, Inc.

Mr. Shapiro will be paid an hourly fee of $400 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Shapiro declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Mark H. Shapiro
     Steinberg, Shapiro & Clark
     25925 Telegraph Rd., Ste. 203
     Southfield, MI 48033
     Phone: (248) 352-4700
     Email: shapiro@steinbergshapiro.com

                 About D&G Professional Management

D&G Professional Management, Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No.
25-31763) on August 19, 2025, with $0 to $50,000 in assets and
$100,001 to $500,000 in liabilities.

Judge Joel D. Applebaum presides over the case.

Peter T. Mooney, Esq. at Simen, Figura & Parker represents the
Debtor as legal counsel.


DAS HUND: Gets Interim OK to Use Cash Collateral
------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division issued an interim order authorizing Das Hund Haus, Inc. to
use cash collateral.

The interim order signed by Judge Catherine Peek McEwen authorized
the Debtor to use cash collateral to pay the amounts expressly
authorized by the court, including monthly payments to the
Subchapter V trustee; the expenses set forth in the budget, plus an
amount not to exceed 10% for each line item; and additional amounts
subject to approval by secured creditors.

Secured creditors will be granted a replacement lien on the
Debtor's post-petition property, with the same validity, priority
and extent as their pre-bankruptcy lien.

In addition, the Debtors were ordered to keep their property
insured in accordance with the obligations under the loan and
security documents with secured creditors.

The secured creditors are the U.S. Small Business Administration,
Family Funding Group, LLC, Family Business Fund, LLC, APP Funding
Beta, LLC, Liberty Funding Source, LLC, Fenix Funding, LLC,  iLend
Advance LLC, and Vox Funding, LLC.

The Debtor, which operates a dog training and boarding business,
intends to use its cash collateral, which consists of cash,
inventory and equipment, to pay operational expenses.

The largest secured creditor is SBA, with a $461,498 claim but the
Debtor's total personal property is valued at only $73,960, making
the SBA significantly undersecured.

                     About Das Hund Haus Inc.

Das Hund Haus Inc. is a dog-related business based in Lakeland,
Florida.

Das Hund Haus sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03437) on May
25, 2025. In its petition, the Debtor reported estimated assets
between $50,000 and $100,000 and estimated liabilities between
$100,000 and $500,000.

Judge Catherine Peek Mcewen handles the case.

The Debtor is represented by Matthew J. Kovschak, Esq., at Debra J.
Sutton, P.A.


DATAVAULT AI: Closes $6M Initial Notes in $13.3M Offering
---------------------------------------------------------
As previously disclosed, on August 4, 2025, Datavault AI Inc., a
Delaware corporation, entered into a Securities Purchase Agreement
with certain institutional investors, pursuant to which the
Purchasers agreed to purchase from the Company in a registered
direct offering, senior secured convertible notes having an
aggregate principal amount of $6,666,666 (the "Initial Notes") for
an aggregate purchase price of $6,000,000 and senior secured
convertible notes having an aggregate principal amount of
$6,666,666 (the "Additional Notes", and together with the Initial
Notes, the "Notes") for an aggregate purchase price of $6,000,000
upon satisfaction of certain closing conditions applicable to the
Initial Notes and Additional Notes, respectively.

Pursuant to the Purchase Agreement, on August 4, 2025, the Company
entered into Exchange Agreements with certain holders of the
Company's common stock purchase warrants. Pursuant to the Exchange
Agreements, the Holders agreed to exchange:

     (a) their common stock purchase warrants exercisable for an
aggregate of approximately 31 million shares of Common Stock, for
     (b) the same number of shares of Common Stock, subject to
receipt of the Stockholder Approval.

The Exchange Shares, once the Stockholder Approval is obtained,
will be issued pursuant to an exemption from the registration
requirements of the Securities Act of 1933, as amended, contained
in Section 3(a)(9) thereof.

Initial Closing:

The closing of Initial Notes occurred on August 6, 2025. The
closing of the Additional Notes, subject to the satisfaction of
certain additional closing conditions, will take place on or after
the date that is 20 calendar days after the mailing by the Company
of a definitive information statement on Schedule 14(c) with
respect to the approval, by written consent of the Company's
stockholders, of the issuance of the shares of common stock of the
Company, par value $0.0001 per share issuable upon conversion of
the Notes and the issuance of the shares of Common Stock pursuant
to the Exchange Agreements.

The Notes and Conversion Shares were offered by the Company
pursuant to a registration statement on Form S-3 (File No.
333-288538), which was initially filed with the Securities and
Exchange Commission on July 7, 2025, and was declared effective by
the Commission on July 9, 2025, the prospectus contained therein
and a prospectus supplement relating to the Offering dated August
4, 2025.

Obligations Under the Purchase Agreement:

Pursuant to the Purchase Agreement, the Company agreed, subject to
certain exceptions:

     (i) not to offer for sale, issue, sell, contract to sell,
pledge or otherwise dispose of any of shares of Common Stock or
securities convertible into shares of Common Stock until 45 days
after the date of each Closing, and
    (ii) not to issue certain securities if the issuance would
constitute a Variable Rate Transaction (as such term is defined in
the Purchase Agreement) until no Purchasers holds any Notes.

Pursuant to the Purchase Agreement, until the date that is 18
months after the date on which the Notes are no longer outstanding,
the Purchasers have the right, but not the obligation, to
participate in any issuance by the Company of any debt, preferred
stock, shares of Common Stock or securities convertible into shares
of Common Stock up to a maximum of 65% of such Subsequent Financing
on the same terms, conditions and price provided to other investors
in such Subsequent Financing.

Notes:

The Notes carry a 10% original issue discount, and mature 18 months
from the date of issuance. No interest accrues during the term of
the Notes, unless an event of default occurs, in which case
interest will accrue at a rate of 12% per annum. The obligations
under these Notes rank senior to all other existing indebtedness
and equity of the Company. The Notes are convertible at any time
beginning on the date of Stockholder Approval at the option of the
holders thereof, in whole or in part, into such number of shares of
Common Stock at an initial conversion price equal to $1.00 per
share. Alternatively, following the date of the Stockholder
Approval, the Notes are convertible at the holder's election, at a
price equal to the greater of (x) the Floor Price and (y) 80% of
the lowest volume weighted adjusted price of the shares of Common
Stock in the twenty (20) trading days prior to the applicable
conversion date.

The conversion price of the Notes is subject to a floor price of
$0.1019.

In the event the Alternate Conversion Price would be lower than the
Floor Price, the Company is required to compensate the holders of
the Notes by paying the holders in cash an amount equal to the
product obtained by multiplying (A) the VWAP on the day the holder
delivers the applicable conversion notice and (B) the difference
obtained by subtracting (I) the number of shares of Common Stock
delivered (or to be delivered) to the holder on the applicable
share delivery date with respect to such Alternate Conversion from
(II) the quotient obtained by dividing (x) the applicable
conversion amount that the holder has elected to be the subject of
the applicable Alternate Conversion, by (y) the applicable
Alternate Conversion Price without being limited by the Floor
Price.  

Under the Notes, the Company is required to use up to 20% of the
proceeds from future financings to redeem the Notes in an amount
equal to the aggregate principal amount of the Notes being redeemed
from such proceeds multiplied by 105%.

The Notes contain 4.99/9.99% beneficial ownership limitations and
customary provisions regarding events of defaults and negative
covenants.

Security Agreement and Guarantee:

At the Initial Closing, on August 6, 2025:

     (i) the Company entered into a security agreement, which
granted to the holders of the Notes a security interest in all of
the assets of the Company, and
    (ii) a subsidiary of the Company entered into a subsidiary
guarantee, pursuant to which such subsidiary guaranteed the
Company's obligations under the Notes.

Amendment of Prior Notes:

On August 6, 2025, the Company entered into agreements with the
Purchasers to amend those certain senior secured convertible notes
issued on April 3, 2025 and May 21, 2025 under a securities
purchase agreement dated as of March 31, 2025 between the Company
and the Purchasers in accordance with a certain Senior Secured
Convertible Note Amendment, pursuant to which the conversion price
under an "Alternate Conversion" (as defined in the Prior Notes) was
revised from (a) the greater of (x) the floor price set forth in
the Prior Notes and (y) 90% of the lowest VWAP in the ten (10)
trading days prior to the applicable date for the Alternate
Conversion to (b) the greater of (x) the floor price set forth in
the Prior Notes and (y) 80% of the lowest VWAP in the twenty (20)
trading days prior to the applicable date for the Alternate
Conversion.

Placement Agency Agreement:

In connection with the Offering, on August 4, 2025, the Company
entered into a Placement Agency Agreement with Maxim Group LLC,
pursuant to which the Placement Agent agreed to act as placement
agent on a "reasonable best efforts" basis in connection with the
Offering. Pursuant to the Placement Agency Agreement, at the
Initial Closing, the Company paid the Placement Agent an aggregate
fee equal to 8% of the gross proceeds raised in the Initial Closing
and reimburse the Placement Agent $15,000 for expenses in
connection with the Offering.

The foregoing does not purport to be a complete description of each
of the Purchase Agreement, the Notes, the Security Agreement, the
Subsidiary Guarantee, the Exchange Agreements, the Note Amendment
and the Placement Agency Agreement, and is qualified in its
entirety by reference to the full text of each of such document,
which are filed as exhibits to this Current Report on Form 8-K and
accessible at https://tinyurl.com/bdeud7bp

                            About Datavault AI

Datavault AI Inc. (f/k/a WiSA Technologies, Inc.) --
http://www.wisatechnologies.com/-- develops and markets spatial
audio wireless technology for smart devices and home entertainment
systems. The Company's WiSA Association collaborates with consumer
electronics companies, technology providers, retailers, and
industry partners to promote high-quality spatial audio
experiences. WiSA E is the Company's proprietary technology for
seamless integration across platforms and devices.

San Jose, California-based BPM LLP, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
March 31, 2025, attached to the Company's Annual Report on Form
10-K for the year ended December 31, 2024, citing that the
Company's recurring losses from operations, a net capital
deficiency, available cash and cash used in operations raise
substantial doubt about its ability to continue as a going
concern.

As of June 30, 2025, the Company had $120.7 million in total assets
against $46.6 million in total liabilities.


DAYFORCE INC: S&P Places 'BB-' ICR on CreditWatch Negative
----------------------------------------------------------
S&P Global Ratings placed its 'BB-' issuer credit rating on
Minneapolis-based human capital management (HCM) software provider
Dayforce Inc. on CreditWatch with negative implications. S&P has
removed the positive outlook.

S&P expects all Dayforce's debt will be repaid, so we have not
placed its issue-level ratings on its debt on CreditWatch.

The CreditWatch negative placement reflects the high likelihood
that S&P could lower the rating on Dayforce by at least one notch
after financing plans are finalized and it gains a better
understanding of the new owners' business strategy and financial
policy.

Dayforce announced it entered into a definitive agreement to be
acquired by financial sponsor Thomas Bravo in an all-cash
transaction valued at approximately $12.3 billion. S&P expects the
deal will close in early 2026.

S&P Global Ratings anticipates the transaction will weaken
Dayforce's credit profile on closing because public filings
indicate the new owners have committed to a combination of debt and
equity financing, which could potentially lead to more aggressive
financial policies than indicated by current leverage.

The CreditWatch placement follows Dayforce's announcement that it
is being taken private by Thomas Bravo in a transaction, which
Dayforce's board has unanimously approved, valued at approximately
$12.3 billion. S&P said, "It reflects our view that the transaction
is likely to be significantly negative for the company's credit
profile and indicates a high likelihood that we will lower our
ratings, likely more than one notch, upon its completion. We expect
the closing will occur in early 2026, subject to customary
regulatory and shareholder approvals. Public filings suggest the
transaction will be through a combination of debt and equity
financing."

S&P said, "We believe the change in ownership will lead to higher
leverage. As a public company, Dayforce's leverage is 1.6x, and it
has maintained a stated net leverage target of 2x-3x (around
2.5x-3.5x on an S&P Global Ratings-adjusted basis). Given our
expectations for significantly higher leverage post transaction we
believe there is material risk that the new ownership would result
in a more aggressive financial policy. We expect all Dayforce's
outstanding debt (term loan and convertible notes) to be repaid in
connection with closing. Given these expectations, we have not
placed our issue-level ratings on its debt on CreditWatch. We plan
to withdraw the issue-level ratings on Dayforce's debt once the
transaction is complete and we have confirmation of repayment.

"The CreditWatch negative placement reflects the high likelihood
that we could lower the rating on Dayforce by at least one notch
after financing plans are finalized and we gain a better
understanding of the new owner's business strategy and financial
policy. This includes prospective S&P Global Ratings-adjusted
credit measures, deleveraging prospects, and capital allocation
policies, following transaction close in early 2026."



DESKTOP METAL: Committee Hires Lowenstein Sandler as Co-Counsel
---------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Desktop Metal, Inc. and its affiliates seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Lowenstein Sandler LLP as co-counsel.

The firm will render these services:

     (a) advise the committee with respect to its rights, duties,
and powers in the Chapter 11 cases;

     (b) assist and advise committee in its consultations with the
Debtors relative to the administration of the Chapter 11 cases;

     (c) assist the committee in analyzing the claims of the
Debtors' creditors and their capital structure and in negotiating
with holders of claims and equity interests;

     (d) assist the committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors and the operation of their businesses;

     (e) assist the committee in analyzing the Debtors' prepetition
capital structure, use of cash collateral, and the adequacy of the
proposed budget;

     (f) assist the committee and provide advice concerning any
proposed sale of the Debtors' assets;

     (g) assist the committee in its investigation of the liens and
claims of the holders of the Debtors' prepetition debt and the
prosecution of any claims or causes of action revealed by such
investigation;

     (h) assist the committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of nonresidential real property and executory contracts, asset
dispositions, sale of assets, financing of other transactions and
the terms of one or more plans of reorganization or liquidation for
its and accompanying disclosure statements and related plan
documents;

     (i) assist the committee in its investigation into the
prepetition activity of and potential causes of action against
applicable third parties;

     (j) assist and advise the committee as to its communications
with unsecured creditors regarding significant matters in the
Chapter 11 cases;

     (k) represent the committee at hearings and other
proceedings;

     (l) review and analyze applications, orders, statements of
operations, and schedules filed with the court and advise the
committee as to their propriety;

     (m) assist the committee in preparing pleadings and
applications as may be necessary in furtherance of its interests
and objectives in the Chapter 11 cases;

     (n) assist the committee with respect to issues that may arise
concerning the Debtors' employees;

     (o) prepare on behalf of the committee, any pleadings;

     (p) perform such other legal services as may be required or
are otherwise deemed to be in the interests of the committee in
accordance with its powers and duties as set forth in the
Bankruptcy Code, the Bankruptcy Rules, or other applicable law.

The firm will be paid at these hourly rates:

     Partners                              $775 - $2,175
     Of Counsel                            $890 - $1,575
     Senior Counsel and Counsel            $675 - $1,595
     Associates                            $550 - $1,150
     Paralegals                            $225 -   $505

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

Gianfranco Finizio, Esq., a partner at Lowenstein Sandler, also
provided the following in response to the request for additional
information set forth in Section D of the Revised U.S. Trustee
Guidelines:

     Question: Did you agree to any variations from, or
alternatives to, your standard or customary billing arrangements
for this engagement?

     Answer: Lowenstein Sandler has agreed to discount its partner
rates by ten percent.

     Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

     Answer: No.

     Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition period. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

     Answer: Lowenstein Sandler did not represent the committee
prior to the petition date.

     Question: Has your client approved your prospective budget and
staffing plan and, if so, for what budget period?

     Answer: Lowenstein Sandler expects to develop a budget and
staffing plan to reasonably comply with the U.S. Trustee's request
for information and additional disclosures, as to which Lowenstein
Sandler reserves all rights. The committee has approved Lowenstein
Sandler's proposed hourly billing rates.

Mr. Finizio 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:

     Gianfranco Finizio, Esq.
     Lowenstein Sandler LLP
     1 Lowenstein Dr.
     Roseland, NJ 07068
     Telephone: (973) 597-2500

                      About Desktop Metal Inc.

Desktop Metal designs and markets 3D printing systems. ExOne's
business primarily consisted of manufacturing and selling 3D
printing machines and printing products to specification for its
customers for both direct and indirect applications. ExOne offered
its pre-production collaboration and print products for customers
through its network of ExOne Adoption Centers and supplied the
associated materials, including consumables and replacements parts,
and other services, including training and technical support,
necessary for purchasers of its 3D printing machines to print
products.

Desktop Metal and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90268)
on July 28, 2025, listing under up to $50,000 in both assets and
liabilities. The case is jointly administered in Case No.
25-90268.

Judge Christopher M. Lopez oversees the case.

Benjamin Lawrence Wallen at Pachulski Stang Ziehl & Jones LLP
serves as the Debtors' counsel.

On August 6, 2025, the Office of the United States Trustee
appointed an official committee of unsecured creditors in these
Chapter 11 cases. The committee tapped Lowenstein Sandler LLP and
Munsch Hardt Kopf & Harr, PC as counsel and Province LLC as
financial advisor.


DESKTOP METAL: Committee Hires Munsch Hardt Kopf as Co-Counsel
--------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Desktop Metal, Inc. and its affiliates seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Munsch Hardt Kopf & Harr, PC as co-counsel.

The firm will provide these services:

     (a) assist Lowenstein Sandler in advising and representing the
committee with respect to the administration of these cases and the
exercise of oversight with respect to the Debtors' affairs;

     (b) serve as conflicts counsel;

     (c) assist the committee in maximizing the value of the
Debtors' assets for the benefit of all creditors;

     (d) advise Lowenstein Sandler and the committee on practice
and procedure before the United States Bankruptcy Court for the
Southern District of Texas and regarding the Local Rules and local
practice;

     (e) appear before this court and protect the interest of the
committee; and

     (f) perform all other legal services for the committee which
may be appropriate, necessary and proper in these Chapter 11
cases.

The firm's counsel and staff will be paid at these hourly rates:

     Deborah Perry, Shareholder      $800
     Brenda Funk, Shareholder        $680
     Heather Valentine, Paralegal    $235

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

Ms. Perry also provided the following in response to the request
for additional information set forth in Section D of the Revised
U.S. Trustee Guidelines:

     Question: Did you agree to any variations from, or
alternatives to, your standard or customary billing arrangements
for this engagement?

     Answer: No.

     Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

     Answer: No.

     Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition period. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

     Answer: Munsch Hardt did not represent the committee prior to
its selection as committee counsel of August 7, 2025.

     Question: Has your client approved your prospective budget and
staffing plan and, if so, for what budget period?

     Answer: Munsch Hardt expects to develop a budget and staffing
plan to reasonably comply with the U.S. Trustee's request for
information and additional disclosures, as to which Munsch Hardt
reserves all rights. The committee has approved Munsch Hardt's
proposed hourly billing rates.

Ms. Perry 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:

     Deborah Perry, Esq.
     Munsch Hardt Kopf & Harr, P.C.
     700 Milam St., Ste. 800
     Houston, TX 77002
     Telephone: (713) 222-1470

                      About Desktop Metal Inc.

Desktop Metal designs and markets 3D printing systems. ExOne's
business primarily consisted of manufacturing and selling 3D
printing machines and printing products to specification for its
customers for both direct and indirect applications. ExOne offered
its pre-production collaboration and print products for customers
through its network of ExOne Adoption Centers and supplied the
associated materials, including consumables and replacements parts,
and other services, including training and technical support,
necessary for purchasers of its 3D printing machines to print
products.

Desktop Metal and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90268)
on July 28, 2025, listing under up to $50,000 in both assets and
liabilities. The case is jointly administered in Case No.
25-90268.

Judge Christopher M. Lopez oversees the case.

Benjamin Lawrence Wallen at Pachulski Stang Ziehl & Jones LLP
serves as the Debtors' counsel.

On August 6, 2025, the Office of the United States Trustee
appointed an official committee of unsecured creditors in these
Chapter 11 cases. The committee tapped Lowenstein Sandler LLP and
Munsch Hardt Kopf & Harr, PC as counsel and Province LLC as
financial advisor.


DESKTOP METAL: Committee Hires Province as Financial Advisor
------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Desktop Metal, Inc. and its affiliates seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Province LLC as financial advisor.

The firm's services include:

     (a) become familiar with and analyze the Debtors' cash
collateral budget, assets and liabilities, and overall financial
condition;

     (b) review financial and operational information furnished by
the Debtors;

     (c) monitor the sale processes, interface with the Debtors'
professionals, and advise the committee regarding the process;

     (d) scrutinize the economic terms of various agreements;

     (e) analyze the Debtors' proposed business plans and develop
alternative scenarios, if necessary;

     (f) assess the Debtors' various pleadings and proposed
treatment of unsecured creditor claims therefrom;

     (g) prepare, or review as applicable, avoidance action and
claim analyses;

     (h) assist the committee in reviewing the Debtors' financial
reports;

     (i) advise the committee on the current state of these Chapter
11 cases;

     (j) advise the committee in negotiations with the Debtors and
third parties as necessary;

     (k) if necessary, participate as a witness in hearings before
the court with respect to matters upon which Province has provided
advice; and

     (l) perform other activities as are approved by the committee,
its counsel, and as agreed to by Province.

The firm will be paid at these hourly rates:

    Managing Directors and Partners                  $850 - $1,450
    Vice Presidents, Directors, and Senior Directors $700 - $1,050
    Analysts, Associates, and Senior Associates        $350 - $825
    Paraprofessional/Admin                             $270 - $450

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

Sanjuro Kietlinski, Esq., a partner at Province, 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:

     Sanjuro Kietlinski, Esq.
     Province LLC
     2360 Corporate Cir. Ste. 340
     Henderson, NV 89074

                    About Desktop Metal Inc.

Desktop Metal designs and markets 3D printing systems. ExOne's
business primarily consisted of manufacturing and selling 3D
printing machines and printing products to specification for its
customers for both direct and indirect applications. ExOne offered
its pre-production collaboration and print products for customers
through its network of ExOne Adoption Centers and supplied the
associated materials, including consumables and replacements parts,
and other services, including training and technical support,
necessary for purchasers of its 3D printing machines to print
products.

Desktop Metal and its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90268)
on July 28, 2025, listing under up to $50,000 in both assets and
liabilities. The case is jointly administered in Case No.
25-90268.

Judge Christopher M. Lopez oversees the case.

Benjamin Lawrence Wallen at Pachulski Stang Ziehl & Jones LLP
serves as the Debtors' counsel.

On August 6, 2025, the Office of the United States Trustee
appointed an official committee of unsecured creditors in these
Chapter 11 cases. The committee tapped Lowenstein Sandler LLP and
Munsch Hardt Kopf & Harr, PC as counsel and Province LLC as
financial advisor.


DESKTOP METAL: Unsecureds' Recovery "Unknown" in Liquidating Plan
-----------------------------------------------------------------
Desktop Metal, Inc. and its Affiliated Debtors filed with the U.S.
Bankruptcy Court for the Southern District of Texas a First Amended
and Restated Combined Disclosure Statement and Plan of Liquidation
dated August 18, 2025.

The Debtors are a pioneer in the additive manufacturing, or 3D
printing, business, providing innovative products and services
related thereto. Although the Company has generated significant
revenue, it has historically struggled to generate a profit or
positive operating cash flow.

To address its immediate needs, the Company entered into an
agreement with Anzu Special Acquisition Corp., pursuant to which
Anzu would acquire the Company's German, Italian, and Japanese
subsidiaries, including certain related U.S. assets, in a private
sale for total consideration of $10 million (the "Private Sale
Transaction").

Concurrently, the Company filed the Cash Collateral Motion seeking
to use a portion of the proceeds from the Private Sale Transaction
to fund the Chapter 11 Cases and the sale of the Company's
remaining assets. The Court approved the Private Sale Transaction
and the Cash Collateral Motion (on an interim basis) on July 31,
2025. The Court set a hearing to consider approval of the Cash
Collateral Motion on a final basis on August 20, 2025. The Private
Sale Transaction with Anzu has closed.

On July 31, 2025, the Company also sought and obtained approval of
the Bid Procedures, pursuant to which the Company sold its dental
labs businesses at an auction held on August 11, 2025 for total
consideration of approximately $7.8 million in the aggregate
pursuant to the Sale Orders. The Debtors anticipate pursuing the
sale of their remaining assets through one or more private sales or
a comprehensive liquidation process as may be approved by the
Bankruptcy Court.

After selling the foregoing assets, the Debtors are seeking to
effectuate an orderly wind down of their remaining operations and
assets, including the investigation and prosecution of any viable
Causes of Action, and to disburse the proceeds therefrom to their
Creditors. On the Effective Date, the Debtors will transfer the
remaining unliquidated assets, the Administration Trust Assets and
Litigation Trust Assets, to the Administration Trust and Litigation
Trust.

The Administration Trust and Litigation Trust will investigate the
Estate's Causes of Action as set forth in the Administration Trust
Agreement and Litigation Trust Agreement and will liquidate,
collect, prosecute, sell, settle, or otherwise dispose of the
transferred assets and distribute all net proceeds to Creditors in
accordance with the priority scheme under the Bankruptcy Code and
the Plan. There will be no distributions to Holders of Interests.

Class 7 Unsecured Claims, estimated amount $130,875,250. Holders of
Class 7 Claims shall receive a Pro Rata share of the Administration
Trust Interests in exchange for their Allowed Class 7 Claims, which
entitle the Beneficiaries thereof to a Pro Rata share of any net
proceeds of the Administration Trust Assets, after payment of all
Administration Trust Expenses, Allowed Administrative Claims,
Allowed Priority Tax Claims, Allowed Priority Non-Tax Claims, any
Allowed adequate protection claims, and net of any proceeds of
Collateral payable to the Holders of Allowed Secured Claims.

Unsecured Claims are subject to all statutory, equitable, and
contractual subordination claims, rights, and grounds available to
the Debtors, the Estates, and the Plan Administrator, which
subordination claims, rights, and grounds are fully enforceable
prior to, on, and after the Effective Date.

The estimated recovery for General Unsecured Claims is "unknown",
according to the Disclosure Statement.

There shall be no Distribution on account of Class 9 Interests.
Upon the Effective Date, all Interests in Desktop will be deemed
cancelled and will cease to exist, and all Interests in Debtors
other than Desktop shall be retained at the option of the Debtors
or Administration Trust.

The Debtor(s) shall make Distributions to Holders of Claims on the
Initial Distribution Date. Subject to the terms of the Plan and the
Administration Trust Agreement, Plan Administrator may, in its sole
discretion, make a full or partial Pro Rata Distribution to the
Holders of Claims on a Subsequent Distribution Date.

Any Distribution not made on the Initial Distribution Date or a
Subsequent Distribution Date because the Claim relating to such
Distribution had not been Allowed on that Distribution Date shall
be held by the Plan Administrator for Distribution on any
Subsequent Distribution Date after such Claim is Allowed.

A full-text copy of the First Amended and Restated Combined
Disclosure Statement and Plan dated August 18, 2025 is available at
https://urlcurt.com/u?l=rZSSjt from PacerMonitor.com at no charge.

Proposed Counsel to the Debtors:

     PACHULSKI STANG ZIEHL & JONES LLP
     Michael D. Warner, Esq.
     Maxim B. Litvak, Esq.
     Benjamin L. Wallen, Esq.
     700 Louisiana Street, Suite 4500
     Houston, TX 77002
     Telephone: (713) 691-9385
     Facsimile: (713) 691-9407
     Email: mwarner@pszjlaw.com
            mlitvak@pszjlaw.com
            bwallen@pszjlaw.com

     -and-

     Richard M. Pachulski, Esq.
     Gregory V. Demo, Esq.
     10100 Santa Monica Blvd., 13th Floor
     Los Angeles, CA 90067
     Telephone: (310) 277-6910
     Facsimile: (310) 201-0760
     Email: rpachulski@pszjlaw.com
            gdemo@pszjlaw.com

                           About Desktop Metal Inc.

Desktop Metal designs and markets 3D printing systems. ExOne's
business primarily consisted of manufacturing and selling 3D
printing machines and printing products to specification for its
customers for both direct and indirect applications. ExOne offered
its pre-production collaboration and print products for customers
through its network of ExOne Adoption Centers and supplied the
associated materials, including consumables and replacements parts,
and other services, including training and technical support,
necessary for purchasers of its 3D printing machines to print
products.

Desktop Metal sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-90268 (CML).

Judge Christopher M. Lopez presides over the case.

Benjamin Lawrence Wallen at Pachulski Stang Ziehl & Jones LLP
serves as the debtor's counsel.


DIOCESE OF ALBANY: Creditors Spar w/ Insurers Over Claim Challenges
-------------------------------------------------------------------
Clara Geoghegan of Law360 reports that tort claimants have asked a
New York bankruptcy judge to reject insurers' objections in the
Roman Catholic Diocese of Albany's Chapter 11 case, disputing the
insurers' assertion that they have a financial interest in whether
the claims are allowed.

          About Roman Catholic Diocese of Albany, New York

The Roman Catholic Diocese of Albany is a religious organization in
Albany, N.Y. It covers 13 counties in Eastern New York, including a
portion of the 14th county. Its Mother Church is the Cathedral of
the Immaculate Conception in the city of Albany.

New York's Child Victims Act, which took effect in August 2019,
temporarily sets aside the usual statute of limitations for
lawsuits to give victims of childhood sexual abuse a year to pursue
even decades-old claims. Hundreds of new lawsuits have been filed
against churches and other institutions since the law took effect
on Aug. 14, 2019.

Facing the financial weight of new sexual misconduct lawsuits, at
least four of the eight Roman Catholic dioceses in the state, has
already sought Chapter 11 protection. The dioceses that have
declared bankruptcy include the Diocese of Rochester and the
Diocese of Rockville Centre on Long Island.

The Catholic Diocese of Albany sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-10244) on
March 15, 2023. In the petition filed by Fr. Robert P. Longobucco,
the Debtor estimated assets between $10 million and $50 million and
liabilities between $50 million and $100 million.

Judge Robert E. Littlefield, Jr. oversees the case.

The Debtor tapped Nolan Heller Kauffman, LLP as bankruptcy counsel;
Tobin and Dempf, LLP as special litigation counsel; Keegan Linscott
& Associates, PC as financial advisor; and Bonadio & Co., LLP as
accountant. Donlin, Recano & Company, Inc. is the claims and
noticing agent.

On April 17, 2023, the U.S. Trustee for Region 2 appointed two
separate committees to represent unsecured creditors and tort
claimants in the Debtor's Chapter 11 case.

The unsecured creditors' committee tapped Lemery Greisler, LLC as
legal counsel; Dundon Advisors, LLC as financial advisor; and
OneDigital Investment Advisors, LLC as special investment
consultant.

Stinson, LLP and OneDigital Investment Advisors serve as the tort
committee's legal counsel and special investment consultant,
respectively.


DIOCESE OF BURLINGTON: Seeks to Hire Insurance Archaeologist
------------------------------------------------------------
The Roman Catholic Diocese of Burlington, Vermont, and the official
committee of unsecured creditors appointed in its Chapter 11 case
seek approval from the U.S. Bankruptcy Court for the District of
Vermont to employ Insurance Archaeology Services, LLC as insurance
archaeologist.

The firm's services include:

     (a) attempt to locate historical insurance policies or
evidence indicating proof of general liability, property, E&O
(Professional Liability), and/or excess/umbrella insurance
coverage;

     (b) will periodically prepare reports detailing the results of
the Phase I activities and will include a Coverage Chart of
policies identified;

     (c) will evaluate the findings of the Phase I activities to
determine if there is sufficient primary or secondary evidence of
coverage in which to support a tender of claim to the identified
insurer(s).

The firm requested to be retained on a flat fee basis of $11,500 to
be paid in full prior to commencing any work.

Marc Beckerman, chief insurance archaeologist at Insurance
Archaeology Services, disclosed in a court filing that the firm is
a "disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:
   
     Marc Beckerman
     Insurance Archaeology Services, LLC
     P.O. Box 490
     Wilton, CA 95693
     Telephone: (916) 541-6908
     Facsimile: (209) 433-3990
     Email: mbeckerman@insurance-archaeology.com
     
         About Roman Catholic Diocese of Burlington Vermont

The Roman Catholic Diocese of Burlington sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No.
24-10205) on Sept. 30, 2024. In the petition signed by Reverend
John Joseph McDermott, bishop, the Debtor disclosed up to $50
million in assets and up to $10 million in liabilities.

Judge Heather Z. Cooper oversees the case.

The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, PA as
bankruptcy counsel and Obuchowski Law Office as local counsel.


DMO NORTH: Section 341(a) Meeting of Creditors on September 25
--------------------------------------------------------------
On August 19, 2025, DMO North Hampton Realty LLC filed Chapter 11
protection in the District of New Hampshire. 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 September
25, 2025 at 02:00 PM via Telephonic Meeting.

         About DMO North Hampton Realty LLC

DMO North Hampton Realty LLC is a single-asset real estate entity,
as defined in 11 U.S.C. Section 101(51B), that leases commercial
and residential properties.

DMO North Hampton Realty LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.H. Case No. 25-10578) on August
19, 2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million.

The Debtor is represented by William J. Amann, Esq. at Amann
Burnett, PLLC.


DP LOUISIANA: Taps Christopher O. Ryals of RCO Capital as CRO
-------------------------------------------------------------
DP Louisiana, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Louisiana to employ RCO Capital, LLC to
provide certain services and designate Christopher O. Ryals as the
chief restructuring officer.

RCO Capital will perform these services:

     a) Officers. In connection with this engagement, Christopher
O. Ryals to serve in the role of Chief Restructuring Officer (the
"CRO") for the Company. The CRO shall devote such time to the
performance of his services hereunder as he determines appropriate
in his sole discretion.

     b) Duties. Subject to his business judgment and fiduciary
responsibilities and with the assistance of Andrew Welty
("President") and Massyl Kessal ("Manager"), the CRO shall have all
the duties set forth in the resolutions adopted by the Company with
the appointment of Christopher O. Ryals as Chief Restructuring
Officer dated March 15, 2025 (collectively, the "Resolutions").

     c) Responsibilities. Subject to the Resolutions, applicable
bylaws, corporate governance processes, required outside approval
and with the assistance of Andrew Welty and Massyl Kessal, the CRO
will have primary responsibility for any efforts related to the
Restructuring (as defined in the Resolution).

     d) Access to Information. In connection with this Engagement,
RCO Capital shall have open and unfettered access to all Company
information that the CRO has reasonably deemed appropriate.
Additionally, the Company will provide reasonable access to the
Company's managers, employees, accountants, counsel, and other
representatives (collectively the "Representatives") necessary to
perform the services as outlined in this Engagement Letter. It is
understood that RCO Capital is relying solely upon the information
supplied by the Company and its Representatives without assuming
any responsibility for independent investigation or verification
thereof.

     e) Projections: Reliance: Limitation of Duties. The Company
understands that the services to be rendered by the CRO may include
the preparation of projections and other forward-looking
statements, and that numerous factors can affect the actual results
of the Company's operations, which may materially and adversely
differ from those projections and other forward-looking statements.
In addition, the CRO will be relying on information provided by
other members of the Company's management in the preparation of
those projections and other forward-looking statements. Neither the
CRO nor RCO Capital make any representation or guarantee that an
appropriate restructuring proposal or strategic alternative can be
formulated for the Company, that any restructuring proposal or
strategic alternative presented to the Board will be more
successful than all other possible restructuring proposals or
strategic alternatives, that restructuring is the best course of
action for the Company or, if formulated, that any proposed
restructuring plan or strategic alternative will be accepted by any
of the Company's creditors, shareholders and other constituents.

The firm will be compensated at these fees:

     (a) RCO Capital will be paid by the Company for the services
of the CRO. The hourly billing rate for the CRO is $550. Beginning
May 1, 2025, and continuing through the Term of the Agreement,
payments to RCO Capital will occur each monthly period. Invoices
will be issued to the Company after the conclusion of each monthly
period and will be due and payable on or before the tenth business
day of the following month. Payments to RCO Capital are via ACH or
wire transfer to RCO Capital's bank account.

     (b) Immediately upon execution of this Agreement, the Company
shall promptly remit to RCO Capital a retainer in the amount of
$75,000 (the "Retainer"). This amount shall be carried by RCO
Capital and credited against any amounts due at the Termination
("Termination") of this Engagement (Section 5), and any remaining
amounts returned upon the satisfaction of all obligations
hereunder. In the event chapter 11 or other similar proceedings are
instituted, RCO Capital may request an increase of the Retainer.

     (c) RCO Capital will be entitled to the following incentive
compensation fees: i) RCO Capital will earn $50,000 upon the
confirmation of a Chapter 11 plan of reorganization of one or more
of the filing entities; ii) RCO Capital will earn $50,000 for the
sale, transfer, or other disposition of the assets of the Company
in one or more transactions. If normalized sale occurs outside of
bankruptcy court, the $50,000 incentive fee is capped at the lesser
of i) $50,000 and ii) 75% of the remaining equity value after
settlement of outstanding liabilities excluding federal tax
liabilities. For the avoidance of doubt, outstanding liabilities
shall include filing of tax returns and other wind down expenses.
The equity value includes the return of the insurance deductibles
for all claims earned by the Company.

     (d) The Company shall reimburse RCO Capital for its reasonable
and documented expenses incurred in connection with the performance
of its Engagement. Expenses related to travel, overtime meals,
lodging, data processing and communication, research, printing, and
courier services shall be billed to the Company monthly. Upon the
execution of this Agreement, the Company shall pay RCO Capital an
Expense Deposit ("Expense Deposit") in the amount of $5,000. Any
unused portion of such deposit shall be returned to the Company
upon conclusion of the Term. RCO received $75,000 from the Debtor
for professional services performed and expenses incurred.

Mr. Ryals assured the court that his firm is a "disinterested
person" with the meaning of 11 U.S.C. 101(14).

The firm can be reached through:

     Christopher O. Ryals
     RCO Capital, LLC
     920 Memorial City Way, Suite 200
     Houston, TX 77024

        About DP Louisiana LLC

DP Louisiana LLC is engaged in oil and gas extraction operations.
The Company is based in Louisiana and uses EAG Services in Houston,
Texas, for administrative support.

DP Louisiana LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11366) on
June 30, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Meredith S. Grabill handles the case.

The Debtors are represented by Douglas S. Draper, Esq. at HELLER,
DRAPER & HORN, LLC.


DURECT CORP: Posts $2.3M Q2 Net Loss, Updates Bausch Health Merger
------------------------------------------------------------------
DURECT Corporation filed its Form 10-Q for the second quarter ended
June 30, 2025, reporting a net loss of $2.265 million on $447,000
of revenue for the quarter ended June 30, 2025, compared with a net
loss of $3.700 million on $646,000 of revenue for the same period
in 2024.

The Company disclosed $12.48 million in total assets against $8.999
million in total liabilities as of June 30, 2025.  As of June 30,
2025, cash and cash equivalents were at $6.502 million, compared to
$11.01 million at Dec. 31, 2024.

The Company announced in a press release dated August 12, 2025, its
financial results for the second quarter ended June 30, 2025, and
provided an update on the previously announced acquisition of
DURECT by Bausch Health Companies Inc. (Bausch Health).

In July 2025, DURECT announced that it entered into an Agreement
and Plan of Merger with Bausch Health Americas, Inc. (Bausch Health
Americas), a wholly owned subsidiary of Bausch Health and BHC Lyon
Merger Sub, Inc. (Merger Sub), with DURECT surviving as a direct or
indirect wholly owned subsidiary of Bausch Health (Merger
Agreement).  Under the terms of the Merger Agreement, Bausch Health
will pay $1.75 per share of DURECT common stock in an all-cash
transaction for an upfront consideration of approximately $63
million at closing, with the potential for two additional net sales
milestone payments of up to $350 million in the aggregate (subject
to certain adjustments) if the milestone is achieved before the
earlier of the 10 year anniversary of the first commercial sale of
larsucosterol in the United States and December 31, 2045. The
Merger is expected to be completed in the third quarter of 2025.
Pursuant to the terms and conditions of the Merger Agreement,
Merger Sub commenced on August 12, 2025 a tender offer to acquire
all of DURECT's outstanding shares of common stock (the Tender
Offer).  As soon as practicable following the consummation of the
Tender Offer and subject to the satisfaction or waiver of certain
conditions set forth in the Merger Agreement, Merger Sub will merge
with and into DURECT.

A full-text copy of the Company's Form 10-Q is available at:

                  https://tinyurl.com/3czthwrn

                       About DURECT Corporation

DURECT -- www.durect.com -- is a late-stage biopharmaceutical
company pioneering the development of epigenetic therapies that
target dysregulated DNA methylation to transform the treatment of
serious and life-threatening conditions, including acute organ
injury.

In its report dated March 27, 2025, the Company's auditor,
WithumSmith+Brown, PC, issued a "going concern" qualification,
noting that the Company has experienced recurring operating losses
and has an accumulated deficit, which raise significant doubt about
its ability to continue as a going concern.

As of Dec. 31, 2024, Durect Corporation reported total assets of
$18.3 million against total liabilities of $9.2 million.  As of
Jun. 30, 2025, the Company had $12.5 million in total assets
against $9 million in total liabilities.



DYNASTY SONG: Seeks Cash Collateral Access
------------------------------------------
Dynasty Song, LLC asks the U.S. Bankruptcy Court for the Northern
District of California, San Francisco Division, for entry of an
order approving a joint stipulation entered into with secured
creditor TPE Fund I, LP.

The stipulation centers around the management and disposition of
two properties: the San Marco Avenue property in San Bruno,
California (owned by the Debtor) and the Ivy Street property in San
Mateo, California (owned by related debtor Dynasty Tang, LLC, which
also filed a Chapter 11 case pending before the same court).

As part of the stipulation, the parties agree that Amy Harrington,
the state court-appointed receiver, will remain in possession,
custody, and control of the San Marco Avenue property. She will
continue to collect rents and manage the day-to-day operations of
the property. The stipulation further authorizes the receiver to
use the collected rents as cash collateral to make ongoing mortgage
payments to JPMorgan Chase Bank, N.A., the senior secured lender,
as well as to cover approved operational expenses.

Additionally, the agreement provides for the conditional sale of
the Ivy Street property by December 15. The proceeds from that sale
are to be used first to fully pay Chase first mortgage on that
property, currently estimated at around $965,000, with any
remaining proceeds, along with any necessary owner contribution,
going toward satisfying TPE's second-position loan, which is
cross-collateralized against both properties. If a balance remains
on TPE's claim after the Ivy Street sale, that portion will be
addressed in the Debtor's Chapter 11 reorganization plan and will
remain secured by the San Marco Avenue property. As part of the
stipulation, the Debtor also agrees to waive the 11 U.S.C. section
543 turnover provisions, thereby allowing the receiver to remain in
place throughout the Chapter 11 case without being required to hand
over control of the property to the Debtor.

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

                     About Dynasty Song LLC

Dynasty Song, LLC operates apartment buildings in San Mateo County,
California. The company is associated with a multifamily
residential property located at 260 San Marco Avenue in San Bruno.

Dynasty Song sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-30482) on June
18, 2025. In its petition, the Debtor reported between $1 million
and $10 million in assets and liabilities.

Judge Hannah L. Blumenstiel oversees the case.

The Debtor is represented by Arasto Farsad, Esq., at Farsad Law
Office, PC.




ECP OWNER 1: Seeks to Tap EAG Affordable Housing as Tax Accountant
------------------------------------------------------------------
ECP Owner 1 LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Columbia to employ EAG
Affordable Housing, LLC, a subsidiary of Eisner Advisory Group LLC,
as tax accountants.

The firm's services include:

     a. advising the Debtors with respect to tax planning;

     b. advising the Debtors with respect to tax laws, regulations,
and accounting matters;

     c. preparing and filing tax returns, together with appropriate
documents related to tax returns; and

     d. performing all other necessary accounting support and tax
accounting services in connection with the Debtors' operations.

The hourly rates of the firm's attorneys and staff are:

     Todd Fentress, Partner      $495
     Diana Smith, Manager        $245
     Justin Dearth, Senior       $195
     Nisargkunar Patel, Staff    $140

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

Todd Fentress, a tax partner in the Real Estate Services Group at
EAH, assured the court that EAH is a "disinterested person" as
defined in Sec. 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Todd Fentress, CPA
     EAG Affordable Housing, LLC
     4249 Easton Way, Ste. 210
     Colombus, OH 43219
     Telephone: (614) 528-1440

      About ECP Owner 1 LLC

ECP Owner 1 LLC is primarily engaged in renting and leasing real
estate properties.

ECP Owner 1 and its affiliates sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D.D.C. Lead Case No. 23-00326)
on November 1, 2023. In the petition signed by Robert B. Margolis,
manager, ECP Owner 1 disclosed up to $10 million in both assets and
liabilities.

Judge Elizabeth L. Gunn oversees the cases.

The Debtors tapped Kristen E. Burgers, Esq., at Hirschler
Fleischer, PC as bankruptcy counsel and Arnall Golden Gregory, LLP
as special real estate counsel.



ELANCO ANIMAL: Fitch Hikes LongTerm IDR to 'BB', Outlook Stable
---------------------------------------------------------------
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings
(IDRs) of Elanco Animal Health Incorporated and Elanco US Inc.
(collectively, Elanco) to 'BB' from 'BB-' and the senior unsecured
rating to 'BB' with a Recovery Rating of 'RR4' from 'BB-'/'RR4'.
Fitch has also affirmed the senior secured ratings at 'BB+'/'RR2'.
The Rating Outlook is Stable.

The upgrade of the IDR reflects Elanco's progress in balance sheet
deleveraging during the last 18 months, better-than-expected
performance of its innovative product portfolio and management's
commitment to further debt reduction in the near term.

The Stable Outlook reflects Fitch's expectation that EBITDA
leverage will be maintained in the 3.5x-4.5x range over the
forecast period. Visibility into Elanco's operating performance and
growth opportunities has also improved. Despite near-term margin
contraction, the company's improving financial flexibility and
disciplined capital deployment strategy will provide sufficient
capacity to mitigate short-term challenges.

Key Rating Drivers

Balance Sheet Deleveraging: Fitch forecasts (Fitch-defined) EBITDA
leverage will decline to 4.0x by YE 2025 and be sustained in the
3.5x-4.0x range thereafter, assuming further debt reduction after
2025 and some EBITDA margin expansion. Management remains committed
to balance sheet deleveraging, planning to repay $125 million to
$150 million of debt in the second half of 2025. In the near term,
Fitch expects the company to prioritize debt repayment to achieve
its net leverage target of 3.0x.

Pet Health Positive Momentum: Fitch believes Credelio Quattro's
(CQ) global sales will likely exceed Fitch's initial projection of
$80 million to $90 million in 2025 due to strong adoption rates
among veterinarians and pet owners. Although competition and
product cannibalization are risks to near-term growth, CQ's key
differentiations will help Elanco strengthen its position in the
fast-growing U.S. endectocide market. With regulatory submissions
made in key international markets, Fitch forecasts that global
sales could reach $180 million in 2026.

Fitch maintains its projection of Zenrelia's global sales of $45
million to $50 million in 2025. Management states that Zenrelia
doubled its U.S. patient market share to 4% in June 2025, with
nearly 10,000 clinics purchasing the product and about 50% of
Zenrelia users using it as a first-line treatment. The anticipated
removal of the risk of fatal vaccine-induced disease from the U.S.
label in the fourth quarter of 2025 will further improve adoption
and confidence among veterinarians and pet owners. With additional
approvals in the EU, the U.K. and Switzerland, Fitch forecasts that
global sales could reach $90 million in 2026.

Producer Economics Improving: Fitch assumes organic revenue growth
of 5.0% in 2025 and 3.5%-4.0% thereafter for Elanco's farm animal
segment. Near-term growth will be driven by its favorable position
in the U.S. markets, increasing adoption of Experior and Bovaer,
improving swine economics and growing poultry consumption. However,
further trade war escalation and pharmaceutical-specific tariffs
remain a concern for pharmaceutical manufacturers and farmers. Over
the forecast period, Fitch assumes the U.S. Department of
Agriculture will maintain its vaccine policy for farm animals to
protect U.S. livestock and the domestic food supply.

Growth Outlook Favorable: Fitch's organic revenue growth
assumptions of 4.0%-6.0% in the near term are supported by Elanco's
market share gain in the global pet health market and its strong
position in the U.S. farm animal markets. The continued strength
among legacy products and the growth potential of innovative
products will help maintain the durability of Elanco's product
portfolio and ensure its presence across different geographies.
With more than $1.8 billion of debt reduction over the last 18
months, Elanco should have sufficient financial flexibility to
invest in future growth opportunities and address near-term
challenges.

Near-Term Margin Contraction: Fitch expects (Fitch-defined) EBITDA
margin to decline by 170 basis points (bps) in 2025 from 21.7% in
2024. This is a revision from its prior expectation of 120 bps, due
to incremental investments to support global launches of new
products, higher costs associated with the Speke facility and
expenses related to the finance lease obligation. Thereafter, Fitch
assumes EBITDA margins will remain in the 20%-21% range as
direct-to-consumer spending is expected to continue in 2026,
partially offsetting benefits from higher sales of higher-margin
innovative products.

Tariff Impact Likely Manageable: Fitch expects tariff impacts to be
more manageable than previously anticipated due to the
de-escalation in U.S.-China trade tensions. Management recently
revised its expectation to $10 million to $14 million in 2025 and
estimated the full-year impact could be up to $28 million in 2026.
Elanco has implemented several actions, including supply chain
optimization and strategic sourcing, to reduce tariff impacts. Over
the forecast period, Fitch assumes price increases will be passed
through to pet owners and farmers.

Capital Allocation Priorities: Fitch believes Elanco will maintain
its focus on growth opportunities in the near term. Fitch assumes
research and development spending will remain in excess of 7% of
revenue to help advance early- and mid-stage pipeline assets. Fitch
expects capex will be elevated in 2025 as Elanco expands its
monoclonal antibody manufacturing facility and production capacity
but decline to approximately $200 million annually thereafter.
While bolt-on acquisitions are possible, management states that the
primary use for FCF in the near term will be debt repayment.

Peer Analysis

The 'BB' IDR reflects Elanco's strong position in the animal health
industry, with a global footprint and scale that afford it
competitive advantages in procurement, manufacturing and
distribution, as well as a buffer against the effects of customer
consolidation.

Fitch compares Elanco's credit profile with that of Zoetis Inc.
(not rated by Fitch) and peers in the broader human health
pharmaceutical industry. Teva Pharmaceutical Industries Limited
(BB+/Stable) and Viatris Inc. (BBB/Negative) are larger in scale,
have higher profit margins and operate with lower leverage. Zoetis,
a direct competitor of Elanco, also operates at a larger scale and
with lower leverage.

Perrigo Company plc (BB/Stable) and Jazz Pharmaceuticals Public
Limited Company (BB/Stable) are comparable in scale. Although Jazz
Pharmaceuticals has a stronger financial profile, competition,
product concentration and the potential for leveraged acquisitions
are risks to its credit profile.

Key Assumptions

- Revenue of $4.6 billion in 2025, with annual organic growth rate
of 4.0%-4.5% thereafter;

- Fitch-defined EBITDA margins of 20%-21% over the near term;

- Effective interest rates of 6.0%-7.0% in 2025 and 2026 and
5.5%-6.0% thereafter, moving with SOFR;

- Fitch-defined cash flow from operation (CFO) of $355 million in
2025 and in excess of $500 million annually thereafter;

- Working capital will be a use of cash over the forecast period,
averaging 2.0% of revenue;

- Fitch-defined FCF of $100 million in 2025 and in excess of $300
million annually thereafter;

- Annual capex of $250 million in 2025 and $200 million to $210
million thereafter;

- Debt repayments of $525 million in 2025 and $100 million annually
in 2026 and 2027;

- Refinance of the 2027 term loan B at SOFR plus 1.75%-2.00%;

- Acquisitions totaling $250 million in 2026 and 2027.

Recovery Analysis

The 'RR2' Recovery Rating assigned to Elanco's senior secured debt
results from its classification as a Category 2 first-lien
instrument under Fitch's rating criteria. The company maintains a
$300 million receivables securitization facility that Fitch views
as senior to the senior secured debt instruments in a bankruptcy
scenario. Therefore, the senior secured debt instruments are rated
'BB+'/'RR2', one notch above Elanco's 'BB' IDR. The senior
unsecured debt instrument is rated 'BB'/'RR4'.

RATING SENSITIVITIES

Factor that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- EBITDA leverage sustained above 4.5x due to operational
challenges and increased strategic investments;

- (CFO-capex) to debt ratio durably maintained below 7.5% driven by
increased days sale outstanding and elevated capex;

Factor that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- EBITDA leverage sustained below 3.5x through a combination of
margin expansion and incremental debt repayment;

- (CFO-capex) to debt ratio durably maintained above 10.0% driven
by effective working capital management and lower interest
expense;

- Material improvements in scale and competitive position and a
robust pipeline of assets that supports long-term growth
prospects.

Liquidity and Debt Structure

Liquidity is supported by $539 million of cash on hand and an
undrawn revolving credit facility of $750 million as of June 30,
2025. Over the rating horizon, Fitch forecasts (Fitch-defined) CFO
of $355 million in 2025 and more than $500 million annually
thereafter, which should be sufficient to cover working capital,
capex and other cash requirements. Fitch assumes Elanco will repay
$525 million of debt in 2025 and anticipates further debt reduction
through EBITDA growth and debt repayments over the forecast
period.

Elanco has approximately $2.2 billion and $1.2 billion of debt
maturing in 2027 and 2028, respectively. Fitch assumes effective
interest rates of 6.0%-7.0% in 2025 and 2026 and 5.5%-6.0%
thereafter. The company repaid $374 million of debt in the first
half of 2025 using available cash on hand and net proceeds from the
sale of future royalties of XDEMVY in the U.S. Management plans to
repay $500 million to $550 million of debt in 2025 and maintain its
net leverage target of 3.0x over the long term.

Issuer Profile

Elanco is a global leader in animal health, offering innovative
products for pets and farm animals. With around 200 brands
available in more than 90 countries, the company distributes its
products through third-party distributors, retailers, veterinarians
and farm animal producers.

Summary of Financial Adjustments

Fitch adjusts historical and projected EBITDA to remove non-cash
and non-recurring expenses, including goodwill and asset impairment
charges; acquisition, integration and divestiture expenses;
stock-based compensation and restructuring and other related
costs.

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

Elanco Animal Health Incorporated has an ESG Relevance Score of '4'
for Customer Welfare - Fair Messaging, Privacy & Data Security due
to regulatory interventions and end-consumer preferences against
using antibiotics in animal feeds, which has a negative impact on
the credit profile, and is relevant to the ratings 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        Recovery   Prior
   -----------                ------        --------   -----
Elanco Animal Health      
Incorporated            LT IDR BB  Upgrade             BB-

   senior unsecured     LT     BB  Upgrade    RR4      BB-
  
   senior secured       LT     BB+ Affirmed   RR2      BB+

Elanco US Inc.          LT IDR BB  Upgrade             BB-

   senior secured       LT     BB+ Affirmed   RR2      BB+


ELDORADO GOLD: S&P Alters Outlook to Positive, Affirms 'B+' ICR
---------------------------------------------------------------
S&P Global Ratings revised its outlook on Vancouver-based gold
producer Eldorado Gold Corp. to positive from stable. At the same
time, S&P affirmed all its ratings on the company, including the
'B+' issuer credit rating.

The positive outlook reflects the likelihood of an upgrade within
the next 12 months if the company sustains leverage below 2.0x and
S&P gains more visibility into the production ramp-up at Skouries.

Eldorado's earnings and cash flow have increased over the past
couple of years due to favorable gold prices. As a result, its
credit measures have remained strong despite increased capital
spending and debt to fund its Skouries development project in
Northern Greece.

The outlook revision primarily reflects Eldorado's improved
earnings and reduced financial risks associated with Skouries
development project. Eldorado's financial results continue to
benefit from favorable gold prices and relatively stable production
across its four operating mines. S&P said, "We estimate the
company's adjusted EBITDA will be about $800 million in 2025, up
from $460 million in 2023. This increase is fueled primarily by
gold prices, which have steadily climbed over the past two years;
year to date, the average gold price was about $3,130, up about 60%
from the 2023 average. During the same period, we estimate
Eldorado's unit cash costs have increased about 30%, primarily due
to higher royalty payments, labor costs, and general inflationary
pressures, offsetting some of the earnings gain from price
increases."

The company has also been making significant capital investments to
develop its Skouries copper-gold project in Greece with the use of
project debt financing. As debt rose at roughly the same pace as
earnings, leverage has remained relatively unchanged. However, the
company has accumulated more than US$1 billion of cash that we
don't net against debt, and it has completed most (an estimated
65%-70%) of the spending to develop Skouries, including about
US$150 million of capital cost escalation announced by Eldorado
earlier this year. The company's large cash balance provides an
ample cushion to manage potential financial risks associated with
the project, including further cost overruns or project delays.

S&P said, "We expect Eldorado's leverage to decrease and FOCF
generation to increase significantly once Skouries goes into
commercial production. We assume the mine will start producing in
the first quarter of 2026 and subsequently ramp-up, contributing to
strong EBIDTA growth and a decline in leverage to about 1.0x in
2026. At the same time, we expect the company will transition to
positive FOCF before the end of 2026, which--when combined with its
large cash balance and low leverage--would provide the company
meaningful financial flexibility to reduce debt, invest into its
operations, or pursue shareholder returns.

"Eldorado's scale and operating breadth are limited compared with
those of similarly rated peers. Our rating on Eldorado reflects our
view that it is a relatively small-scale gold producer (less than
500,000 ounces of annual gold production) with limited operating
breadth. The company operates two gold-producing mines in Türkiye
and one each in Greece and Canada. Its two largest mines are
Kisladag in Türkiye and the Lamaque complex in Canada, which
together constitute more than 70% of its gold production. In our
view, this concentration exposes the company to potential operating
disruptions that could include equipment or geological issues,
labor disputes, and regulatory changes. Our rating also considers
the historical volatility of Eldorado's profitability. Eldorado's
margins and returns on capital are highly sensitive to gold-price
fluctuations, due in part to its high operating leverage and more
than 90% of its revenue coming from gold."

Skouries will increase Eldorado's scale and operating breadth. S&P
said, "The Skouries project is a new mine development in Northern
Greece that we estimate will produce an average of 140,000 ounces
of gold and 67 million pounds of copper per year, with an initial
mine life of about 20 years. This copper and gold output could
meaningfully enhance Eldorado's scale and operating breadth, with
gold-equivalent production estimated to increase 50%-60% from the
2024 level. As of June 30, 2025, the project was about 70%
complete, with about US$450 million of remaining spending under the
revised US$1.2 billion project cost estimate (including US$150
million of accelerated spending). We believe the company is on
track for initial production in first quarter of 2026 and a
subsequent ramp-up to commercial production in mid-2026. With full
production at least a year away, we believe there remain execution
and financial risks associated with the completion and ramp-up."
However, these risks could abate as construction progress continues
while the company maintains ample cash and leverage below 2x.

The positive outlook reflects the likelihood of an upgrade within
the next 12 months if Eldorado sustains leverage below 2.0x and S&P
gains more visibility into the production ramp-up at Skouries.

S&P said, "We could revise the outlook back to stable over the next
12 months if we expect the company's S&P Global Ratings-adjusted
debt to EBITDA to increase and remain above 2.0x. This could occur
if lower-than-expected production volumes, margins, or delays in
the ramp-up at Skouries lead to weaker earnings and continued FOCF
deficits.

"We could upgrade Eldorado within the next 12 months if we gain
more visibility into the production ramp-up at Skouries that is
consistent with our expectations. In this scenario, we would also
likely expect the company to sustain S&P Global Ratings-adjusted
debt to EBITDA below 2.0x and positive FOCF."



ELETSON HOLDINGS: New Owner Asks NY Court to Nullify $102MM Award
-----------------------------------------------------------------
Joyce Hanson of Law360 reports that Eletson's new owner has
petitioned a New York federal judge to overturn a $102 million
arbitration award in its dispute with rival Levona, asserting the
decision is founded on a "fiction" devised by the company’s
former owners with support from Reed Smith LLP.

                  About Eletson Holdings

Eletson Holdings Inc. is a family-owned international shipping
company, which touts itself as having a global presence with
headquarters in Piraeus, Greece as well as offices in Stamford,
Connecticut, and London.

At one time, Eletson claimed to own and operate one of the world's
largest fleets of medium and long-range product tankers and boasted
a fleet consisting of 17 double hull tankers with a combined
capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined
capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000
cbm.

Eletson Holdings, a Liberian company, is Eletson's ultimate parent
company and is the direct parent and owner of 100% of the equity
interests in the two other debtors, Eletson Finance (US) LLC, and
Agathonissos Finance LLC.

Eletson and its two affiliates were subject to involuntary Chapter
7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on
March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P.
and Alpine Partners (BVI), L.P. The petitioning creditors are
represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP.
On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11
cases.

The Honorable John P. Mastando, III is the case judge.

Lawyers at Reed Smith represent the Debtors as bankruptcy counsel.
Riveron RTS served as the Debtors' Domestic Financial Advisor;
Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as
Voting Agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors. The committee tapped Dechert, LLP as its legal
counsel and FTI Consulting as the Committee's financial advisors.


ELITE DESIGNS: Arturo Cisneros Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 16 appointed Arturo Cisneros as
Subchapter V trustee for Elite Designs and Remodeling, Inc.

Mr. Cisneros will be paid an hourly fee of $600 for his services as
Subchapter V trustee while the trustee administrator will be
compensated at $200 per hour. In addition, the Subchapter V trustee
will receive reimbursement for work-related expenses incurred.

Mr. Cisneros declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Arturo Cisneros
     3403 Tenth Street, Suite 714
     Riverside, CA 92501
     Phone: (951) 682-9705/(951) 682-9707
     Email: Arturo@mclaw.org

                About Elite Designs and Remodeling

Elite Designs and Remodeling, Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No.
25-12315) on August 20, 2025, with $0 to $50,000 in assets and
$100,001 to $500,000 in liabilities.

Judge Mark D. Houle presides over the case.

Anerio V. Altman, Esq. at Golden Goodrich, LLP represents the
Debtor as legal counsel.


ELITE SCHOOL: Court Extends Cash Collateral Access to Sept. 30
--------------------------------------------------------------
Elite School Bus Company, LLC received seventh interim approval
from the U.S. Bankruptcy Court for the District of Maryland,
Baltimore Division, to use cash collateral.

The seventh interim order signed by Judge David Rice authorized the
Debtor to use cash collateral to pay its expenses for the period
from September 1 to 30.

The Debtor projects total operational expenses of $44,147.83 for
the week ending September 6; $17,416.02 for the week ending
September 13; $74,226.00 for the week ending September 20;
$9,144.13 for the week ending September 27; and $16,330.16 for the
period from September 28 to 30.

The U.S. Small Business Administration and the Debtor's junior lien
creditors assert interest in the cash collateral, which consists of
accounts receivables.

As protection, SBA and the junior lien creditors were granted a
replacement lien on and security interest in the cash collateral
and other assets acquired by the Debtor after its bankruptcy
filing, with the same priority and extent as their pre-bankruptcy
security interests.

In addition, SBA will receive a monthly payment of $2,481 as
further protection.

The next hearing is scheduled for September 29.

                  About Elite School Bus Company

Elite School Bus Company, LLC operates a school bus company that
provides services primarily to Cecil County public schools. With 23
bus routes, the company is responsible for transporting children on
23 buses to and from school.

Elite School Bus Company filed Chapter 11 petition (Bankr. D. Md.
Case No. 25-11526) on February 25, 2025, listing up to 10 million
in both assets and liabilities. Rebecca Minks, manager of Elite
School Bus Company, signed the petition.

Judge David E. Rice oversees the case.

Mary Fran Ebersole, Esq., at Tydings & Rosenberg LLP, represents
the Debtor as legal counsel.


EXCELL COMMUNICATIONS: Committee Hires Dundon as Financial Advisor
------------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Excell Communications, Inc. and its affiliates
seeks approval from the U.S. Bankruptcy Court for the Eastern
District of New York to employ Dundon Advisers LLC as financial
advisor.

The firm will provide these services:

     (a) assist in the analysis, review, and monitoring of the
restructuring and/or liquidation process;

     (b) develop a complete understanding of the Debtors'
businesses and their valuations;

     (c) determine whether there are viable alternative paths for
the disposition of the Debtors' assets any currently or in the
future proposed by them;

     (d) monitor and, to the extent appropriate, assist the Debtors
in efforts to develop and solicit transactions which would support
unsecured creditor recovery;

     (e) assist the committee in identifying, valuing and pursuing
estate causes of action;

     (f) assist the committee to analyze, classify and address
claims against the Debtors and to participate effectively in any
effort in these Chapter 11 cases to estimate (in any formal or
informal sense) contingent, unliquidated and disputed claims;

     (g) assist the committee to identify, preserve, value and
monetize tax assets of the Debtors, if any;

     (h) advise the committee in negotiations with the Debtors,
certain of their lenders and third parties;

     (i) assist the committee in reviewing the Debtors' financial
reports;

     (j) assist the committee in reviewing the Debtors'
cost/benefit analysis with respect to the assumption or rejection
of various executory contracts and leases;

     (k) review and provide analysis of the present and any
subsequent proposed debtor-in-possession financing or use of cash
collateral;

     (l) assist the committee in evaluating and analyzing avoidance
actions;

     (m) review and provide analysis of any proposed disclosure
statement and Chapter 11 plan and, if appropriate, assist the
committee in developing an alternative Chapter 11 plan;

     (n) attend meetings and assist in discussions with the
committee, the Debtors, the secured lenders, the U.S. Trustee and
other parties in interest and professionals;

     (o) present at meetings of the committee, as well as meetings
with other key stakeholders and parties;

     (p) perform such other advisory services for the committee as
may be necessary or proper in these proceedings, subject to the
aforementioned scope; and

     (q) provide testimony on behalf of the committee as and when
may be deemed appropriate.

The firm will be paid at these hourly rates:

     Principal                                 $1,090
     Managing Director and Senior Adviser        $960
     Senior Director                             $850
     Director                                    $755
     Associate Director                          $650
     Senior Associate                            $495
     Associate                                   $350

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

Eric Reubel, a managing director at Dundon Advisers, 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:

     Eric Reubel
     Dundon Advisers LLC
     10 Bank St., Ste. 1100
     White Plains, NY 10606
     Telephone: (914) 341-1188

                    About Excell Communications

Excell Communications, Inc. is a project management firm engaged in
the installation of network infrastructure for the wireless, fiber
and utility industries in the State of New York.

Excell Communications, Inc. and its affiliates sought protection
for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Lead Case No. 25-71444) on April 14, 2025. The case is jointly
administered in Case No. 25-71444.

Judge Louis A. Scarcella oversees the cases.

The Debtors tapped Forchelli Deegan Terrana LLP as counsel and
Grassi & Co., CPA's, PC as accountant.

On May 16, 2025, the U.S. Trustee for the Eastern District of New
York appointed an official committee of unsecured creditors in
these Chapter 11 cases. The committee tapped Porzio, Bromberg &
Newman, PC as counsel and Dundon Advisers LLC as financial advisor.


FCI SAND: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------
The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of FCI Sand
Operations, LLC and its affiliates.

The committee members are:

   1. Armadillo Materials South, LLC
      d/b/a Wright Materials
      c/o Will Petit, Chief Legal Officer
      510 Bering Drive, Suite 215
      Houston, TX 77057
      Will.petit@karst.com
      (713) 535-5524

   2. Buckley Powder Co.
      c/o Stephen Bretzing, Chief Financial Officer
      42 Inverness Drive
      Englewood, CO 80112
      Steve.Bretzing@buckleypowder.com
      (303) 350-5148
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                   About FCI Sand Operations LLC

FCI Sand Operations LLC is a sand mining and processing company
based in Marble Falls, Texas.

FCI Sand Operations LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80481) on July 30,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $100 million and $500 million each.

Judge Michelle V. Larson oversees the case.

The Debtor is represented by Davor Rukavina, Esq. at Munsch Hardt
Kopf & Harr, P.C.


FINLEY DESIGN: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The U.S. Bankruptcy Administrator for the Eastern District of North
Carolina disclosed in a filing that no official committee of
unsecured creditors has been appointed in the Chapter 11 case of
Finley Design, PA.

                     About Finley Design P.A.

Finley Design P.A., doing business as Finley Design PA Architecture
+ Interiors, provides architectural, interior, and master planning
services for retail, office, medical, mixed-use, residential, and
environmental design projects. The firm focuses on client-centered
solutions, offering design leadership and project execution across
various commercial and residential sectors.

Finley Design sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D.N.C. Case No. 25-02252) on June 2, 2025. In its
petition, the Debtor reported estimated assets between $100,000 and
$500,000 and estimated liabilities between $1 million and $10
million.

Judge Pamela W. Mcafee oversees the case.

The Debtor is represented by:

   Philip Sasser, Esq.
   Sasser Law Firm
   Tel: 919-319-7400
   Email: philip@sasserbankruptcy.com


FLEMING STEEL: Seeks to Hire Cooney Law Offices as Legal Counsel
----------------------------------------------------------------
Fleming Steel Co. seeks approval from the U.S. Bankruptcy Court for
the Western District of Pennsylvania to employ Cooney Law Offices
LLC as legal counsel.

The firm will provide these services:

     (a) assist in, among other things, the administration of its
Estate and to represent the Debtor on matters involving legal
issues that are present or are likely to arise in the case;

     (b) prepare any legal documentation on behalf of the Debtor;

     (c) review reports for legal sufficiency;
  
     (d) furnish information regarding legal actions and their
resulting consequences; and

     (e) render all necessary legal services connected with Chapter
11 proceedings.

The firm will be paid at these hourly rates:

     James Cooney, Attorney     $425
     Ryan Cooney, Attorney      $400
     Paul Toigo, Attorney       $325
     Paralegal                  $150

Mr. Cooney 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:
   
     Ryan J. Cooney, Esq.
     Cooney Law Offices LLC
     223 Fourth Avenue, 4th Fl.
     Pittsburgh, PA 15222
     Telephone: (412) 546-1234
     Facsimile: (412) 546-1235
     Email: rcooney@cooneylawyers.com
  
                      About Fleming Steel Co.

Fleming Steel Co., based in New Castle, Pennsylvania, designs and
manufactures custom doors, including horizontal slide, canopy,
vertical lift, craneway and monorail, horizontal swing,
fuselage/hull apertures, and specialized application doors.
Operating since 1921 under third-generation family ownership, the
Company provides engineered solutions for commercial, industrial,
aerospace, and government clients, incorporating custom designs for
acoustic, blast-resistant, flood control, thermal, and
electromagnetic shielding applications. Fleming Steel's projects
have served clients such as Boeing, NASA, American Airlines, the
United States Navy, and the Smithsonian Air and Space Museum,
combining patented door designs with consultation and preventative
maintenance services.

Fleming Steel sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Pa. Case No. 25-22143) on August 15, 2025. In its
petition signed by Seth Kohn, president, the Debtor reported
between $1 million and $10 million in both assets and liabilities.

The Debtor tapped Ryan J. Cooney, Esq., at Cooney Law Offices LLC
as counsel.


FLOWER APARTMENTS: Hires Alexander Valuation Group as Appraiser
---------------------------------------------------------------
Flower Apartments, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Alexander
Valuation Group as appraiser.

The firm will provide an opinion of the fair market value for the
property of the Debtor located at 1420 S Flower St., Los Angeles,
CA 90015.

The firm will be paid a flat fee of $2,500. For additional services
such as rebuttals, and trial appearances, the firm will be paid at
an hourly rate of $500.

Mr. Alexander 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:

     Jack Alexander
     Alexander Valuation Group
     200 S Pacific Coast Hwy
     Redondo Beach, CA 90277
     Tel: (310) 545-8700

              About Flower Apartments, LLC

Flower Apartments, LLC is a Los Angeles-based real estate company
that appears to own or operate an apartment property located at
1420 S. Flower Street in downtown Los Angeles.

Flower Apartments sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-15724) on July 7,
2025. In its petition, the Debtor reported estimated assets and
liabilities between $1 million and $10 million.

Judge Julia W. Brand handles the case.

The Debtor is represented by Matthew D. Resnik, Esq., at Rhm Law,
LLP.


FOSSIL GROUP: S&P Lowers to 'CC' on Proposed Debt Restructuring
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on global
consumer fashion accessories company Fossil Group Inc. to 'CC' from
'CCC'.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured notes to 'CC' from 'CCC'.

The negative outlook reflects that, upon completion of the
transaction, S&P expects to lower its issuer credit rating and
issue-level ratings on Fossil to 'SD' (selective default) or 'D'
(default).

S&P said, "We would then expect to update the rating to reflect
future creditworthiness. The rating will depend on our assessment
of company's capital structure, liquidity, and business prospects,
among other factors.

"The downgrade reflects our view that the announced exchange
transaction is tantamount to a default." On Aug. 13, 2025, Fossil
announced the company and certain subsidiaries entered into a
transaction support agreement with noteholders that represents 59%
of the outstanding amount under its $150 million unsecured notes
due in November 2026. The company seeks to extend its capital
structure's maturity by exchanging its existing 7.0% unsecured
notes into a 7.5% second-out, senior secured notes due in 2029, as
well as warrants. The transaction also includes new money of $32.5
million. Noteholders that contribute new money will be eligible to
exchange its existing notes into 9.5% first-out, senior secured
notes due in 2029 and warrants, and will receive a fee payable in
common stock, equal to 5% of their respective new money
contribution.

The company's target is to reach consent from noteholders
representing at least 90% of the notes' total outstanding amount.
If consenting lenders are below that threshold and the requirement
is not waived, the company will pursue the restructuring under the
English court supervision.

S&P said, "In our view, the proposed transaction is distressed
because there is a risk of a liquidity crisis if the company is
unable to complete its restructuring. In addition, we believe the
additional compensation is insufficient to adequately compensate
the noteholders for the maturity extension.

The restructuring transaction is part of the company's turnaround
plan. In 2024, the company announced plans to refocus to its core
business, rightsize the cost structure, and strengthen the balance
sheet.

S&P said, "The negative outlook reflects that, upon the completion
of the transaction, we expect to lower our issuer credit rating to
'SD' and issue-level rating on Fossil to 'D'.

"We would lower our issuer credit rating and issue-level ratings to
'SD' and 'D', respectively, upon completion of the proposed
exchange transaction.

"We could raise our rating on Fossil, likely to the 'CCC' category,
if it does not complete the proposed transaction. Under this
scenario, our rating would reflect the potential for other
restructuring initiatives to address its upcoming maturities."



FOUR HATS: Seeks to Hire Oldenburg & Stiner as Corporate Counsel
----------------------------------------------------------------
Four Hats Inc. seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to employ Oldenburg & Stiner, PC
as corporate counsel.

The firm will render services with regards to various corporate
matters and insurance and employment-related issues including
garnishments and workers' compensation claims.

The firm's attorneys will be paid at rates of $345 to $495 per
hour, plus expenses.

Gary Stiner, Jr., Esq., a partner at Oldenburg & Stiner, 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:

     Gary V. Stiner, Jr., Esq.
     Oldenburg & Stiner, P.C.
     2004 Commerce Dr. N., Ste. 200
     Peachtree City, GA 30269
     Telephone: (770) 632-9500

                       About Four Hats Inc.

Four Hats Inc. is a veteran-owned company that specializes in
providing traffic control services and equipment. Established in
2015, the Company operates in Georgia and Texas, serving industries
such as construction, utilities, film and special events, and
emergency response. Four Hats Inc. is committed to ensuring safety
and efficiency through certified professionals handling traffic
management solutions like flagging, lane shifts, utility crossings,
and detours.

Four Hats Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-10554) on April 15,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

The Debtor tapped Leslie Pineyro, Esq., at Jones & Walden LLC as
bankruptcy counsel and Oldenburg & Stiner, PC as corporate counsel.


FUEL REYNOLDA: Gets Extension to Access Cash Collateral
-------------------------------------------------------
Fuel Reynolda, LLC received 11th interim approval from the U.S.
Bankruptcy Court for the Eastern District of North Carolina,
Raleigh Division, to use cash collateral to fund operations.

The 11th interim order authorized the Debtor to use cash collateral
pursuant to its monthly budget for the period from August 22 to
September 24.

The budget shows total projected expenses of $94,000 for the
interim period.

The Debtor's bankruptcy estate has an interest in revenues from the
operation of its business. These revenues constitute the cash
collateral of secured creditors, including Live Oak Banking
Company, Fitness Investment Partners, Newtek, and SofiaGrey, LLC.

The Debtor owes $525,000 to Live Oak, $345,000 to NewTek, $110,000
to Fitness Investment Partners and $77,000 to SofiaGrey.

As protection, the secured creditors will be granted a continuing
post-petition security interest in and lien on all personal
property of the Debtor to the same extent and with the same
priority as their pre-bankruptcy liens.

In addition, Live Oak Banking Debtor will receive payment of $5,000
on or before September 15 as further protection.

The next hearing is set for September 24.

                        About Fuel Reynolda

Fuel Reynolda, LLC -- https://fuelfitnessclubs.com/about/ -- doing
business as Fuel Fitness, is a fitness center that offers the best
free weights, strength training/cardio equipment, group fitness
classes, personal training, childcare, recovery studio and smoothie
bar.

Fuel Reynolda sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 24-03700) on October
22, 2024, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Christopher Shawn Stewart, member-manager,
signed the petition.

Judge Joseph N. Callaway oversees the case.

Philip Sasser, Esq., at Sasser Law Firm is the Debtor's bankruptcy
counsel.

Live Oak Banking Company, as secured creditor, is represented by:

     William Walt Pettit, Esq.
     Hutchens Law Firm
     6230 Fairview Road, Suite 315
     Charlotte, NC 28210
     (704) 362-9255
     walt.pettit@hutchenslawfirm.com


GACH LLC: Seeks Chapter 11 Bankruptcy in New York
-------------------------------------------------
On August 18, 2025, GACH LLC filed Chapter 11 protection in
the Southern District of New York. According to court filing, the
Debtor reports $3,210,885 in debt owed to 1 and 49 creditors. The
petition states funds will be available to unsecured creditors.

         About GACH LLC

GACH LLC owns commercial real estate at 43-51 East 25th Street,
Unit C6, New York, NY 10010, in the building known as The Stanford.
The property comprises approximately 4,800 square feet of office
and medical space, including patient waiting areas, an x-ray suite,
examination rooms, kitchen space, and offices, with an appraised
value of $4.8 million. The Company is classified as a single-asset
real estate entity.

GACH LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 25-11800 on August 18, 2025. In its
petition, the Debtor reports total assets of $4,829,200 and total
liabilities of $3,210,885.

Honorable Bankruptcy Judge Michael E. Wiles handles the case.

The Debtor is represented by Michelle L. Trier, Esq. at GENOVA,
MALIN & TRIER, LLP.


GANNETT CO: Fitch Lowers LongTerm IDR to 'B-', Outlook Stable
-------------------------------------------------------------
Fitch Ratings has downgraded Gannett Co, Inc. (GCI) and Gannett
Holdings LLC (Gannett) Long-Term Issuer Default Ratings (IDR) to
'B-' from 'B'. The Rating Outlook is Stable. Fitch has affirmed the
first lien facilities at 'BB-' and revised the Recovery Rating to
'RR1' from 'RR2'.

The downgrade reflects ongoing structural pressures in Gannett's
print business alongside recent weakness in digital performance,
which may hamper the company's digital growth strategy. These
challenges are also influenced by some macro-economic uncertainty,
which may weigh on recovery prospects. Leverage has also remained
elevated at around 4.0x since 2022, above Fitch's previous negative
sensitivity, though debt paydown has helped keep leverage broadly
in check and supports the current rating.

The Stable Outlook reflects Fitch's expectation that Gannett's
credit metrics will remain within its current sensitivities over
the rating horizon.

Key Rating Drivers

Continued Linear Decline: Fitch does not expect Gannett's print
revenues to return to growth during the rating horizon, reflecting
ongoing industry-wide challenges for print newspapers as consumers
shift to digital platforms. Fitch projects print revenues will
continue to decline in the low double-digit range.

In 2024, Gannett's print revenues fell by $208 million, while
digital revenues increased by $53 million, partially offsetting the
decline. However, digital growth has not been enough to fully
counteract the pressures in the print business, which accounted for
55% of revenue in 1H 2025 (30 June 2025). Fitch anticipates overall
revenues will decline by mid to high-single digits in 2025.

Risks to Digital: Gannett's digital revenues fell 5.5%
year-over-year to $516 million in 1H 2025. This represented 45% of
total revenue, up from 35% in 2022. However, this higher
composition is also partly driven by the rapid revenue erosion of
the company's print business. While the Domestic Gannett Media
segment benefits from the strength of the USA Today brand, it
operates in a highly fragmented and competitive market.
Additionally, Digital Marketing Services (DMS), which represented
20% of total revenue in 1H 2025, continues to face competitive
pressures, leading to customer losses over the past three quarters
on a year-on-year basis.

Elevated Leverage: Gannett's EBITDA leverage was 4.0x for LTM 2Q
2025 and has remained around this level over the past two years,
exceeding Fitch's 3.5x negative rating sensitivity. Fitch expects
leverage to improve over the medium term if the company executes on
its recently announced cost savings program. However, if these
initiatives underperform, leverage may remain elevated.

Gannett has reduced debt by $257 million since 2022, which has
helped stabilize leverage and supports the current 'B-' rating.
Fitch expects Gannett's FCF generation to be around $65 million to
$70 million annually over the medium term and will be sufficient to
meet its annual contractual obligations of about $69 million.

Cyclicality and Advertising Exposure: Fitch estimates advertising
accounts for around 36% of Gannett's total revenues, while print
circulation and digital subscription accounts for 33%. Advertising
remains highly cyclical because it is subject to the prevailing
macro-conditions. The recent tariff-induced macro uncertainty is
likely to result in most small and medium enterprises taking a
cautious approach when determining advertising budgets until
visibility improves. Subscriptions to print and digital media
services are also discretionary expenditures, which may result in
higher churn rates during periods of prolonged economic
uncertainty.

Well-Known Brand: Gannett is one of the leading U.S. news media
publishers based on circulation. It owns USA Today as well as other
daily and weekly content brands in roughly 220 local markets. The
company had 1.7 million total digital-only subscribers as of 2Q
2025 and attracted 181 million aggregate unique monthly visitors to
its websites. Its U.K. operations comprise 210 local news brands
while its digital sites attract 52 million visitors per-month.

Peer Analysis

Gannett's rating reflects its position as one of the largest print
and digital media brands in the US, with a well-established
presence in the U.K. The rating is constrained by the continued
structural decline of its print business, while it's digital
offerings face meaningful competition in each of its end-markets.
Although Gannett faces the same industry challenges as News
Corporation's (BBB/Stable) print media segment, Gannett has a much
smaller scale, lower diversification and higher leverage. This
leads to the multi-notch rating differentiation.

Gannett's rating reflects its substantially smaller size and higher
leverage relative to larger and more diversified Fitch rated media
peers, like The Walt Disney Company (A-/Stable), Warner Bros.
Discovery, Inc. (BB+/RWN) and Paramount Global (BBB-/Negative).

Key Assumptions

- Revenue to decline in the mid to high single digit over 2025-27;

- Digital revenues to recover in 2026. Linear revenue contractions
to continue over the rating horizon;

- Capex intensity of $55 million in 2026 and 2027 - mainly related
to maintenance and digital product development;

- EBITDA margins of around 12% over the medium term - supported by
Gannett's cost efficiency measures;

- Annual FCF generation close to $70 million over the medium term.
Majority of the FCF generation will be used towards debt paydown;

- No dividends payouts over the rating horizon.

Recovery Analysis

The recovery analysis assumes Gannett would be considered a going
concern in bankruptcy and would be reorganized rather than
liquidated and assumes a 10% administrative claim.

Going-Concern (GC) Approach

Gannett's recovery analysis assumes the company is unable to grow
its digital subscriptions, advertising, or media solutions business
segments and reset its cost structure sufficiently enough to offset
accelerated linear subscriber and advertising declines. As such,
the post-reorganization GC EBITDA is $200 million, which represents
an approximate 22% decline from the LTM ended June 30, 2025,
Fitch-calculated EBITDA of $256 million.

Fitch assumes Gannett will receive a going-concern recovery EV
multiple of 4.5x EBITDA. In September 2020, The McClatchy Company
was acquired out of bankruptcy for $312 million, or an estimated
4.2x 2021 adjusted EBITDA (based on McClatchy's financial
projections provided in their February 2020 disclosure statement as
part of their initial proposed equitization reorganization).
Additional transactions include NMIG's acquisitions of several
news, media and digital marketing providers for an average 4.1x
multiple and Gannett in November 2019 for $1.34 billion, or 4.2x
LTM ended June 30, 2019 EBITDA.

Finally, the median TMT multiple of reorganization enterprise
value/forward EBITDA was 5.9x for 77 cases for which there was
adequate information to make an estimate. The broadcasting and
media sector median multiple was 6.2x, compared with 5.4x and 5.5x,
for small samples of technology and telecom cases, respectively.

Fitch estimates full recovery prospects for the first lien senior
secured term loan and rates it 'BB-'/'RR1', or three notches above
Gannett's 'B-' IDR.

RATING SENSITIVITIES

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

- Digital revenue growth materially slows or declines and is
insufficient to offset the secular pressures in print revenue;

- Liquidity challenges emerge due to declining FCF and/ or EBITDA
interest coverage approaching 1.5x.

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

- Successful execution of strategic operating transformation
leading to sustainable total digital revenue growth that
meaningfully offsets the decline in legacy print revenues;

- Consistent EBITDA and FCF improvement resulting in a healthy
financial risk profile.

Liquidity and Debt Structure

Gannett had $89 million of cash as of end-June 2025, and Fitch
expects it to generate close to $70 million of FCF over the next 12
months. Gannett does not have an RCF facility. Fitch expects much
of the FCF generation to be used for debt repayment, which amounts
to around $69 million annually.

Issuer Profile

Gannett is a global media company with digital and linear news
brands in the U.S. and U.K. The company also provides digital
advertising and marketing solutions to small and medium
businesses.

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
   -----------               ------         --------   -----
Gannett Co., Inc.      LT IDR B-  Downgrade            B

Gannett Holdings LLC   LT IDR B-  Downgrade            B

   senior secured      LT     BB- Affirmed    RR1      BB-


GC FERRY I: S&P Withdraws 'BB-' ICR Following Merger With FEH Inc.
------------------------------------------------------------------
S&P Global Ratings withdrew its 'BB-' issuer credit rating on GC
Ferry Acquisition I Inc. At the time of withdrawal, the outlook on
the rating was negative.

On Aug. 18, GC Ferry merged with FEH Inc. (BB-/Negative/--), and
FEH is the surviving entity. FEH assumed GC Ferry's $2.05 billion
term loan B, $350 million delayed draw term loan, and $450 million
revolving credit facility as part of the merger. The term loan
remains rated 'BB-' with a recovery rating of '4', indicating its
expectation for an average (35%) recovery.



GLOBAL DIGITAL: Gets Interim OK to Use Cash Collateral
------------------------------------------------------
Global Digital Marketing, LLC got the green light from the U.S.
Bankruptcy Court for the Western District of Texas, San Antonio
Division, to use cash collateral.

At the hearing held on August 25, the court granted the Debtor's
bid to use cash collateral on an interim basis and set a further
hearing on September 24.

At the time of filing, the Debtor had six secured creditors with
blanket security interests in all of its assets, including cash and
accounts receivable. These creditors are Breakout Capital
($449,500), Capital Domain ($92,068), Olympus Capital ($85,641),
Legal Escrows LLC ($63,580), United First LLC (amount unknown), and
RareMatrix Inc. ($26,000).

The Debtor's financial condition at the time of filing included a
bank balance of $6,793, equipment and personal property valued at
approximately $3,957, and accounts receivable totaling $100,871.
Because the Debtor lacks sufficient unencumbered cash and has been
unable to secure post-petition financing, it intends to use cash
collateral under 11 U.S.C. section 363(c)(2)(B) to cover essential
operating expenses.

To adequately protect the secured creditors' interests, the Debtor
offers granting replacement liens on all post-petition inventory
and accounts receivable generated from the use of cash collateral.
Additionally, the Debtor commits to staying current on all tax
obligations, including payroll tax deposits and filings.

             About Global Digital Marketing Group LLC

Global Digital Marketing Group LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-51857)
on August 13, 2025. In the petition signed by Dita Lawson, managing
member, the Debtor disclosed up to $500,000 in assets and up to $1
million in liabilities.

Morris E. White, III, Esq., at Villa & White LLP, represents the
Debtor as legal counsel.




GLORIETA PARTNERS: S&P Affirms 'CCC' ICR, Alters Outlook to Stable
------------------------------------------------------------------
S&P Global Ratings revised the outlook to stable from negative and
affirmed its 'CCC' long-term rating on the Capital Trust Agency,
Fla.'s multifamily housing revenue bonds (The Gardens Apartments
Project) series 2015, issued for Glorieta Partners Ltd. (Glorieta,
or the company).

The outlook revision is based on R4 Capital's deep financial and
managerial commitment to the project, as the replacement general
partner after removal of the former general partners, including
ensuring debt service is paid in a timely manner; the 'CCC' rating
reflects the company's severe ongoing credit weakness, including
negative cash flow.

The project's location in Miami-Dade County exposes it to some of
the U.S.' most severe climate events associated with hurricanes and
coastal flooding. Drainage and flooding have been ongoing problems
at the property, and these hazards are evidenced by the fines
levied on the property by the Miami-Dade County Department of
Environment Resources Management. R4 is currently investing heavily
in updating the sanitary sewage lines and connections to improve
drainage and reduce flooding. The property maintains an insurance
policy in force through November 2025. While premiums in previous
years increased by double-digits, R4 made a targeted effort to
secure better coverage and was able to lower the overall premium
for the most recent year. S&P said, "Still, we believe insurance
options might be limited for this property and location in the
future, and this risk is reflected in our view of overall market
position as very weak. We believe the obligor's track record of
poor oversight and lack of risk-mitigation policies and strategic
plans in the past contributed to the U.S. Department of Housing and
Urban Affairs' cancelation of the Housing Assistance Payments
contract in 2024. However, the change in governance structure with
R4 effectively taking over management has led to improvements at
the property, albeit from a position of severe stress. Finally, we
view social factors as neutral in our credit analysis."

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Governance structure

The stable outlook reflects R4's strong commitment to the project,
including injecting over $20 million of its own capital to renovate
and stabilize the property, as well as managerial resources to
improve oversight and address concerns from various federal and
local governing bodies. S&P said, "Given its investment, we expect
R4 will continue to support the transaction. Absent R4's ongoing
financial infusions, we would expect the transaction will default
given our expectation that cash flow will remain negative at least
through 2025."

S&P said, "Should the transaction fail to make full and timely debt
service payment on Jan. 1, 2026, or any future payment date, we
would lower the rating on the bonds to 'D'. In addition, should it
become apparent that a default, distressed exchange, or redemption
is inevitable within six months--such as if there were evidence of
trust accounts not being funded to sufficiently cover debt service,
there were a draw on the debt service reserve fund, there were
additional and uncured events of default as defined in the loan
agreement, or controlling bondholders exercised remedies that
resulted in acceleration on the bonds or foreclosure on the
mortgage--we could lower the rating on the bonds to 'CCC-' or 'CC',
depending on the likelihood and timing of these events.

"Alternately, we could raise the rating if the project's negative
financial trajectory reverses and materially
improves--specifically, if occupancy rebounds following completion
of renovation, cash flow is positive and sufficient to cover debt
service coverage without outside support from the limited partners,
litigation is resolved and fines are paid off without a negative
impact on the property, and accrued liabilities to existing parties
are materially reduced."



GRANT ANTIQUES: Court Extends Cash Collateral Access to Sept. 24
----------------------------------------------------------------
Grant Antiques, Inc. received third interim approval from the U.S.
Bankruptcy Court for the Middle District of Florida to use cash
collateral.

The order authorized the Debtor's interim use of cash collateral
until September 24 in accordance with its budget.

The Debtor projects total operational expenses of $107,569.86 for
August and $140,923.45 for September.

As adequate protection, creditors including the U.S. Small Business
Administration, CFG Merchant Solutions, and a third creditor via
Corporation Service Co., will receive replacement liens on
post-petition assets (excluding avoidance actions), plus possible
Section 507(b) superpriority claims if collateral value diminishes.
Creditors' liens are subject to a carve-out for U.S. Trustee,
Subchapter V Trustee, and Clerk fees.

In addition, the Debtor will continue to make monthly payments of
$731 to SBA; $667 to CFG; and $1,000 to the Subchapter V trustee.
The payments started on June 16.

The next hearing is scheduled for September 24.

SBA and the other secured creditors claim a security interest in
the Debtor's assets. However, SBA is in first priority and has a
lien on all of the Debtor's assets including accounts, receivables,
furniture, fixtures and equipment, and has the priority over all
other creditors. The agency is owed approximately $140,000.

The estimated value of the secured assets at the time of the filing
of the case was approximately $275,000.

                About Grant Antiques Inc.

Grant Antiques Inc. operates as an antique mall offering a wide
range of antiques, collectibles, and vintage items. The Company is
based in Grant, Florida, with additional presence in Fort Pierce,
Florida. It is registered as a Florida corporation and serves
antique enthusiasts through its multiple dealer booths and
consignment sales.

Grant Antiques sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02931) on May 15,
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 Grace E. Robson handles the case.

The Debtor is represented by Brian K. McMahon, Esq., at Brian K.
McMahon, PA.


GRDN HOSPITALITY: Hires Stradling Yocca as Legal Counsel
--------------------------------------------------------
GRDN Hospitality, LLC seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ Stradling Yocca
Carlson & Rauth LLP as bankruptcy counsel.

The firm's services include:

   a. advising the Debtor with regard to the requirements of the
Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the Office
of the United States Trustee as they pertain to the Debtor;

   b. advising the Debtor with regard to certain rights and
remedies of its bankruptcy estate and the rights, claims and
interests of creditors;

   c. representing the Debtor in any proceeding or hearing in the
Bankruptcy Court involving its estate unless the Debtor is
represented in such proceeding or hearing by other special
counsel;

   d. conducting examinations of witnesses, claimants or adverse
parties and representing the Debtor in any adversary proceeding
except to the extent that any such adversary proceeding is in an
area outside of Stradling's expertise or which is beyond
Stradling's staffing capabilities;

   e. preparing and assisting the Debtor in the preparation of
reports, applications, pleadings and orders;

   f. representing the Debtor with regard to obtaining use of cash
collateral;

   g. assisting the Debtor in the negotiation, formulation,
preparation and confirmation of a plan of reorganization and the
preparation and approval of a disclosure statement in connection
with the plan of reorganization; and

   h. performing any other services which may be appropriate in
Stradling's representation of the Debtor during its bankruptcy
case.

The firm received from the Debtor a retainer of $6,000.

Gregory K. Jones, Esq., the attorney handling the case will be paid
at the rate of $795 per hour.

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

Mr. Jones 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:

     Gregory K. Jones, Esq.
     Stradling Yocca Carlson & Rauth LLP
     10100 N. Santa Monica Blvd., Suite 1450
     Los Angeles, CA 90067
     Tel: (424) 214-7000
     Fax: (424) 214-7010
     E-mail: gjones@stradlinglaw.com

              About GRDN Hospitality, LLC

GRDN Hospitality, LLC operates as a craft brewery under the brand
Three Weavers Brewing Company in Inglewood, California. It produces
and distributes a variety of beers, including lagers and ales, and
engages in on-site retail and community events.

GRDN Hospitality sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-16321) on July 24,
2025, listing between $1 million and $10 million in assets and
liabilities. The petition was signed by Lynne Weaver as chief
executive officer and manager.

The Debtor is represented by:

   Gregory K. Jones, Esq.
   Stradling Yocca Carlson & Rauth, LLP
   10100 N. Santa Monica Blvd., Suite 1450
   Los Angeles, CA 90067
   Tel: (424) 214-7000
   Fax: (424) 214-7010
   E-mail: gjones@stradlinglaw.com



GREEN OUTDOOR: Unsecureds Will Get 100% of Claims over 5 Years
--------------------------------------------------------------
Green Outdoor Services LLC submitted a Combined Disclosure
Statement and Small Business Plan of Reorganization dated August
18, 2025.

The Debtor has been in business for a number of years and provides
construction and earth-moving services in Atkins, Arkansas and the
surrounding area.

The Debtor leases its office and shop from Shirley Sims Williams,
Trustee of the Shirley Sims Revocable Trust, and intends to assume
such lease for continued operations. In addition to construction
and earth-moving services, the Debtor has since approximately 2022
provided hay cutting services. The sale of cut hay has become an
increasingly larger part of the Debtor's business over the years
since.

Green Outdoor Services, LLC is owned 50% by Thomas Benjamin Green
and 50% by Rebecca Green.

The Debtor suffered a decline in revenues and an increase in costs
that substantially impacted cash flow. In particular, the
combination of 2024 election uncertainty and the rising costs of
labor and fuel prior to filing significantly impacted the Debtor's
cash flow.

This Plan provides for 19 classes. Unsecured creditors holding
allowed claims will be paid $92,870.94, which is (100.00%) of
allowed aggregated unsecured claims totaling $92,870.94 over five
years from the effective date of the Plan with no interest.

Class 19 consists solely of Debtor's timely filed allowed general
unsecured claims in the estimated aggregate amount of $92,870.94.
These claims shall be allowed and paid in full over sixty months
with no interest.

Payments shall begin on the first day of the ninth month following
the effective date of the Plan and shall be made yearly thereafter
until five payments are made. In the event sufficient cash flows
are not available for any given due date, distributions shall be
made as soon as possible based on Debtor's cash flow, but a total
distribution to this class will be at a total of $92,870.94 over 5
years. Payments will be made once per year over the life of the
Plan.

The Debtor will continue its current business operations and
payments will be made from cash flow from operations and future
income.

A full-text copy of the Combined Disclosure Statement and Plan
dated August 18, 2025 is available at
https://urlcurt.com/u?l=WQWwy3 from PacerMonitor.com at no charge.

Counsel to the Debtor:

     William F. Godbold, IV, Esq.
     Natural State Law, PLLC
     8201 Ranch Blvd. Ste. B-1,
     Little Rock, AK 72223
     Tel: (501) 916-2878

                      About Green Outdoor Services

Green Outdoor Services, LLC filed a Chapter 11 petition (Bankr.
E.D. Ark. Case No. 24-13358) on October 15, 2024, listing between
$1 million and $10 million in both assets and liabilities.  Thomas
B. Green, authorized representative of Green Outdoor Services,
signed the petition.

Judge Phyllis M. Jones handles the case.

The Debtor is represented by William F. Godbold IV, Esq., at
Natural State Law, PLLC.


GUITAR CENTER: S&P Downgrades ICR to 'SD' on Distressed Exchange
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on musical
retailer Guitar Center Inc. to 'SD' (selective default) from 'CC'
and its issue-level rating on its senior secured notes to 'D' from
'CC'.

Guitar Center has completed an exchange of its 8.5% senior secured
notes for newly issued first-lien senior secured payment-in-kind
(PIK) notes and its series A preferred stock and 12.5% unsecured
senior PIK notes (Holdco notes) for a combination of newly issued
second- and third-lien senior secured PIK notes.

S&P said, "We will evaluate the company's revised capital structure
and strategic initiatives over the next few days. At that time, we
will likely raise our issuer credit rating on Guitar Center to the
'CCC' category.

"The downgrade follows the company's restructuring, which we view
as distressed. Guitar Center exchanged its 8.5% senior secured
notes due 2026 for newly issued first-lien senior secured PIK notes
due 2029. Subsequently, the company also exchanged its series A
preferred stock and Holdco notes for a combination of new second-
and third-lien senior secured PIK notes due 2032. In our view,
Guitar Center's elevated risk of a conventional default, due to the
approaching maturity of its senior secured notes in January 2026,
along with its weak free operating cash flow (FOCF) generation
motivated it to undertake the distressed transaction. Through this
exchange, the company partially converted its cash interest to PIK
and extended the maturities of its debt. We believe the
restructuring did not adversely affect the lenders of Guitar
Center's asset-based lending (ABL) facility, given that it had
extended the facility prior to the distressed exchange."

Guitar Center reported a FOCF deficit of about $93 million in 2024.
Elevated discounting to clear undesired inventory weighed on the
company's profitability as it focused on rebalancing its inventory
position to appeal to serious and professional musicians. Improving
its inventory position and refining its product assortment enabled
Guitar Center to modestly expand its sales in 2024. S&P said, "We
expect further improvements in the company's merchandising and
in-store experience will support a modest increase in its revenue
going forward. While this transaction provides Guitar Center with
time to implement its strategic initiatives, we believe it will
continue to face difficult operating conditions this year. We
expect the company's refinement of its product assortment to appeal
to its core customer will be a key driver of Guitar Center's
performance amid weaker consumer spending and potential margin
pressure from tariffs."

S&P said, "We plan to review our ratings on Guitar Center shortly
to incorporate its new capital structure and liquidity position.
Although the exchange extended the maturities of the company's
debt, we continue to view its capital structure as unsustainable
over the long term. We intend to review our ratings on Guitar
Center in the coming days and will likely raise them to the 'CCC'
category at that time. Our review will focus on the long-term
viability of the company's revised capital structure, its operating
performance, and our forward-looking opinion of its ability to
generate positive FOCF."



HAH GROUP: S&P Alters Outlook to Negative, Affirms 'B-' LT ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook to negative from stable on
HAH Group Holding Co. LLC.

At the same time, S&P affirmed its 'B-' long-term issuer credit
rating, as well as the 'B-' issue-level and '3' recovery ratings
(50%-70%; rounded estimate: 50%) on the company's first-lien debt.

The negative outlook reflects the risk that reimbursement rate cuts
and wage pressure through 2026 could further pressure HAH`s
profitability. It also reflects the risk that discretionary cash
flow after shareholder distributions will likely remain negative
for longer than S&P previously expected, which could lead it to
consider the company's capital structure unsustainable.

HAH's revenue growth in 2025 was lower than expected due to
regulatory changes the New York market. Effective April 1, 2025,
the state of New York altered its budget to lower Medicaid
spending, which led the state to replace existing multiple fiscal
intermediaries (FIs) with a single FI for CDPAP. These budget cuts
proved to be a headwind to HAH's primary home care program in New
York, since HAH generated a large portion of its revenues in the
state of New York (31% as of 2024). Thus, HAH transitioned eligible
clients to the agency-based LHCSA model from CDPAP.

S&P expects this to hurt HAH's revenue and EBITDA generation for
2025. Additionally, S&P believes there will be further operational
impacts in the next 12 months due to the discontinuation of QIVAPP
bonus payments to LHCSAs and the MCO rate reduction for LHCSA
providers.

Reimbursement rate risk is increasing in growth markets amid
federal budgetary cuts. While S&P does not expect a direct impact
from health care spending cuts under the One Big Beautiful Bill Act
(OBBBA), which cuts Medicaid funding for home health care services,
HAH is vulnerable to secondary effects in reimbursement rate
pauses/cuts or delays in rate increases due to budgetary
constraints at the state level. This occurred in Pennsylvania (23%
of 2024 revenue), as its 2025-2026 budget is still under
negotiation with no assurance of rate increases in 2025 or 2026
(last increase was 2022) that could adequately cover inflated
costs.

Cash flow deficits will likely persist over the next few years. S&P
expects free cash flow (after mandatory tax distributions) to
remain negative through 2027 mainly due to lower profitability from
overall wage pressure and ongoing challenges in the New York
market. The company is likely dependent on a multitude of factors
to improve its cash flow profile, such as cost savings from the
ongoing right-sizing efforts in New York, implementing automation,
increasing reimbursement rate in growth states, potentially lower
base interest rates, and achieving revenue growth from new markets
like Florida.

S&P said, "We expect leverage to remain elevated in 2025, with
modest improvements over the next few years. Contrary to our
previous expectation of leverage declines after the dividend recap
in 2024 from growth, we now expect S&P Global Ratings-adjusted
leverage of 10x-10.5x in 2025 with modest deleveraging thereafter.
In 2026, we expect the company will either right-size its New York
exposure, resulting in modest growth that is still significantly
below its historical growth rate due to expected slowdown in rate
improvements. We expect the company will continue to focus on
growth through M&A but expect acquisitions to be cash funded or at
least leverage neutral. However, any aggressive financial policy
measures, such as debt-funded acquisitions, could increase leverage
beyond our forecast.

"We anticipate the home care services market to remain credit
supportive, helping some strong organic revenue growth from 2026
onwards. We anticipate HAH to achieve modest growth of 1.5% in 2025
but anticipate a return to high-single-digit percent top-line
growth in 2026. We believe the company will generate growth from
other states, particularly Illinois and Pennsylvania, where a
reimbursement rate increase will likely come in 2026. Moreover, we
expect the company to continue benefitting from volume growth due
to higher demand for at-home care by an increasing aging
population. Hence, we expect states to continue to invest in home
care despite existing challenges around Medicaid funding.

"The negative outlook reflects the risk that reimbursement rate
cuts and wage pressure through 2026, could cause further pressure
on HAH's profitability. It also reflects the risk that
discretionary cash flow after shareholder distributions will remain
negative for longer than we previously expected, which could lead
us to consider the company's capital structure unsustainable.

"We could lower our rating on HAH if we expect it cannot improve
cash flow sufficiently to cover its annual fixed charges well in
advance of its next refinancing cycle, which could cause us to view
its capital structure as unsustainable." This scenario could occur
if:

-- Profitability deteriorates as a result of increasing
competition;

-- The company fails to successfully negotiate for reimbursement
rate increases; or

-- It is overly aggressive on debt-funded acquisitions.

S&P could revise its outlook to stable if S&P expects the company
will generate sufficient cash flow to cover its fixed charges on a
sustained basis. This could occur if:

-- The company right-sizes its New York operations to improve
profitability; and

-- The company successfully negotiates reimbursement rate
increases and we expect strong organic revenue growth to resume.



HARDING BELL: Seeks to Hire GGG Partners LLC as Financial Advisor
-----------------------------------------------------------------
Harding Bell International, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire GGG
Partners, LLC as financial advisor.

The firm will render these services:

     a. advise the Debtor with respect to finances and to guide the
Debtor in making sound financial decisions for its operations in
order to ensure that the Debtor reaps the benefits of
reorganization and will be able to continue its operations and to
comply with the rules of the Court;

     b. prepare financial documents for the Debtor's edification
and use in making sound financial decisions, and other documents as
necessary for the success of the Debtor's Chapter 11 case; and

     c. provide financial advice to the Debtor in negotiation with
its creditors and in the preparation of a confirmable plan.

The hourly rates of the firm's professionals are:

     Katie Goodman, Managing Partner       $450
     Dan Cooper, Partner                   $375 to $400

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

The firm will also require a post-petition retainer of $15,000.

Katie Goodman, a managing partner at GGG Partners LLC, 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:

     Katie Goodman
     GGG Partners LLC
     2870 Peachtree Rd, Ste 502
     Atlanta, GA 30305
     Telephone: (404) 256-0003
     Facsimile: (404) 256-4555
     Email: Info@GGGPartners.com

       About Harding Bell International Inc.

Harding Bell International, Inc. is a certified public accounting
firm based in Central Florida that provides tax preparation,
business support, and FIRPTA services to U.S. and international
clients. The firm serves over 9,000 clients across 22 U.S. states
and more than 170 countries, with a focus on real estate investment
and cross-border tax matters. Founded in 2000, it operates six
offices in the region.

Harding Bell International sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04912) on July
17, 2025. In its petition, the Debtor reported total assets of
$3,826,150 and total liabilities of $6,221,386.

Judge Roberta A. Colton handles the case.

Aaron A. Wernick, Esq., at Wernick Law, PLLC is the Debtor's legal
counsel.

SouthState Bank, as secured creditor, is represented by:

   Christian P. George, Esq.
   Akerman LLP
   50 North Laura Street, Suite 3100
   Jacksonville, FL 32202
   Telephone: (904) 798-3700
   Facsimile: (904) 798-3730
   E-mail: christian.george@akerman.com

Cogent Bank, as secured creditor, is represented by:

   Bradley M. Saxton, Esq.
   Winderweedle, Haines, Ward & Woodman, P.A.
   329 North Park Avenue, 2nd Floor
   P.O. Box 880
   Winter Park, FL 32790-0880
   Telephone: (407) 423-4246
   Facsimile: (407) 645-3728
   E-mail: Bsaxton@whww.com


HIGHER GROUND: Committee Hires Emerald as Financial Advisor
-----------------------------------------------------------
The official committee of unsecured creditors of Higher Ground
Education, Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Emerald Capital Advisors Corp. as its financial advisor.

The firm's services include:

   -- reviewing and analyzing the Debtors' operations, financial
condition, business plan, strategy, and operating forecasts;

   -- investigating prepetition transactions, including any
foreclosures, sales, or transfers of the Debtors' assets;

   -- providing expert testimony and preparing expert reports
regarding any investigations or other matters, as necessary;

   -- participating in any mediation related to the investigation
completed by Emerald;

   -- assisting the Committee in understanding the business and
financial impact of the Debtors' various restructuring
alternatives;

   -- advising the Committee as it assesses the Debtors' assets,
including executory contracts and assumption/rejection
considerations;

   -- assisting and advising the Committee in connection with its
identification, development, and implementation of strategies
related to potential recoveries for unsecured creditors under a
chapter 11 plan;

   -- providing testimony, as necessary, in any proceeding before
the Bankruptcy Court; and

   -- providing the Committee with other appropriate general
restructuring advice.

The firm will be paid at these rates:

     Managing Partners         $850 per hour
     Managing Directors        $700 to $800 per hour
     Vice Presidents           $550 to $650 per hour
     Associates                $400 to $500 per hour
     Analysts                  $250 to $350 per hour

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

Mr. Madden 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:

     John P. Madden
     Emerald Capital Advisors
     150 East 52nd Street, 28th Floor
     New York, NY 10022
     Tel: (646) 968-4094

           About Higher Ground Education, Inc.

Higher Ground Education Inc. and its subsidiaries operate
Montessori schools and provide related training and consulting
services worldwide. Founded in 2016, the Group grew to manage more
than 150 schools by 2024, with locations across the U.S. and
international expansion into Hong Kong and mainland China. It also
offers virtual and home-based education, teacher training, and
licensing of its content to independent partners.

Higher Ground Education Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80121) on
June 17, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $100 million and $500 million each.

Honorable Bankruptcy Judge Michelle V. Larson handles the case.

The Debtors are represented by Holland N. O'Neil, Esq. and Timothy
C. Mohan, Esq. at Foley & Lardner LLP and Nora J. McGuffey, Esq.,
and Quynh-Nhu Truong, Esq., at Foley & Lardner LLP.
Sierraconstellation Partners, LLC is the Debtors' Financial
Advisor. Verita Global, LLC fka Kurtzman Carson Consultants, LLC is
the Debtors' notice, claims, solicitation & balloting agent.


HIGHER GROUND: US Trustee Asks Court to Reject Pre-Bankruptcy Deal
------------------------------------------------------------------
Rick Archer of Law360 reports that on Monday, August 25, 2025, the
U.S. Trustee's Office urged a Texas bankruptcy judge to deny Higher
Ground Education Inc.'s bid to assume a pre-bankruptcy agreement
with its lenders, arguing that the deal effectively dictates
Montessori school operator's Chapter 11 plan terms.

                   About Higher Ground Education

Higher Ground Education Inc. and its subsidiaries operate
Montessori schools and provide related training and consulting
services worldwide. Founded in 2016, the Group grew to manage more
than 150 schools by 2024, with locations across the U.S. and
international expansion into Hong Kong and mainland China. It also
offers virtual and home-based education, teacher training, and
licensing of its content to independent partners.

Higher Ground Education Inc. and its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case
No. 25-80121) on June 17, 2025. In its petition, Higher Ground
reports estimated assets and liabilities between $100 million and
$500 million each.

Honorable Bankruptcy Judge Michelle V. Larson handles the cases.

The Debtors are represented by Holland N. O'Neil, Esq., and Timothy
C. Mohan, Esq. at Foley & Lardner LLP and Nora J. McGuffey, Esq.,
and Quynh-Nhu Truong, Esq., at Foley & Lardner LLP.
SierraConstellation Partners, LLC is the Debtors' financial
advisor. Verita Global, LLC fka Kurtzman Carson Consultants, LLC
is
the Debtors' notice, claims, solicitation & balloting agent.

On July 8, 2025, the U.S. Trustee for the Northern District of
Texas appointed an official committee of unsecured creditors in
these Chapter 11 cases. The committee tapped Gray Reed as counsel.


HL PIT STOP: Gets Interim OK to Use Cash Collateral
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Minnesota authorized
HL Pit Stop, LLC to use cash collateral.

The court's interim order authorized the Debtor to use cash
collateral in accordance with its budget until the final hearing
set for September 11. Any expense exceeding 10% of budgeted amount
requires Citizens Bank's approval.

As adequate protection, Citizens Bank and other secured creditors
will receive replacement liens on post-petition assets. The
replacement liens do not apply to any Chapter 5 avoidance claims.

As further protection, the Debtor was ordered to make payment to
the U.S. Small Business Administration in the amount of $500 the
week of September 5 and to Citizens Bank in the amount of $800 per
week through the final hearing.

As of the petition date, the Debtor owed $521,446 to SBA and
$1,992,873.60 to Citizens.  

As of the petition date, the Debtor had liquid cash collateral in
the form of $1,500
cash on hand in its tills and $657.03 in deposit accounts. Sales of
the Debtor's store inventory, gas sales, restaurant sales, coffee
shop sales and tenant rent are the source of all cash and deposit
account funds.  

Through October 31, the cash and deposit funds could fluctuate
between $5,000 and
$30,000, depending when payroll and other large expenses are paid.
  

                        About HL Pit Stop

HL Pit Stop, LLC operates a convenience-based retail business that
combines a gas station with food, beverages, and general
merchandise. The Company offers drive-thru meals, deli items,
specialty coffee, snacks, and convenience store staples, catering
to customers seeking quick service and variety along commuter
routes or travel stops.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Minn. Case No. 25-42571) on August 7,
2025, with $105,860 in assets and $2,819,521 in liabilities. David
Rollins, authorized representative, signed the petition.

Judge Katherine A. Constantine presides over the case.

Mary Sieling, Esq., at Sieling Law, PLLC represents the Debtor as
bankruptcy counsel.


HONOLULU SPINE CENTER: Boston Scientific Appointed to Committee
---------------------------------------------------------------
Tiffany Carroll, Acting U.S. Trustee for Region 15, appointed
Boston Scientific Corporation as additional member of the official
committee of unsecured creditors in the Chapter 11 case of Honolulu
Spine Center, LLC.

The bankruptcy watchdog also disclosed the removal of Nitra, Inc.
and Solco Biomedical Corporation from the committee.

As of August 22, the members of the committee are:

   1. Intrinsic Therapeutics, Inc.
      Representative: Tom Kelliher
      Email: tkelliher@in-thera.com

   2. Boston Scientific Corporation
      Enrico Laurent
      Email: enrico.stfortlaurent@bsi.com

                    About Honolulu Spine Center

Honolulu Spine Center, LLC, doing business as Honolulu Sports &
Spine Surgery Center and Honolulu Sports and Spine Center, is a
surgical center in Honolulu, Hawaii.

Honolulu Spine Center sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Hawaii Case No. 24-01110) on December 6,
2024, with $1 million to $10 million in both assets and
liabilities. Louis DiMartini, the authorized signatory, signed the
petition.

Judge Robert J. Faris handles the case.

The Debtor is represented by Chuck C. Choi, Esq., at Choi & Ito.

Tiffany Carroll, Acting U.S. Trustee for Region 15, appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case.


HOOPER PROPERTY: Hires Sherrard Roe Voigt & Harbison as Counsel
---------------------------------------------------------------
Hooper Property LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Tennessee to employ Sherrard Roe Voigt &
Harbison, PLC as counsel.

The firm will provide these services:

     a. render legal advice with respect to the rights, powers and
duties of the Debtors in their management of their property;

     b. prepare all necessary pleadings, orders and reports with
respect to this proceeding and to render all other legal services
as may be necessary or proper;

     c. assist and counsel the Debtors in the preparation,
presentation and confirmation of their Plan of Reorganization;

     d. perform all other legal services that may be necessary and
appropriate in the general administration of this estate.

The firm will be paid at these rates:

     Michael G. Abelow              $650 per hour
     Associates                     $340 per hour
     Senior partners                $880 per hour
     Paralegals                     $250 to $330 per hour

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

Sherrard Roe received a retainer in the amount of $25,000.

Michael G. Abelow, Esq., a partner at Sherrard Roe Voigt &
Harbison, PLC, 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:

     Michael G. Abelow, Esq.
     Brettson J. Bauer, Esq.
     Sherrard Roe Voigt & Harbison, PLC
     1600 West End Avenue, Suite 1750
     Nashville, TN 37203
     Telephone: (615) 742-4532
     Email: mabelow@srvhlaw.com
            bbauer@srvhlaw.com

          About Hooper Property LLC

Hooper Property LLC sought protection for relief under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-03119) on
July 30, 2025. At the time of filing, the Debtor estimated
$1,000,001 to $10 million in both assets and liabilities.

Judge Charles M Walker presides over the case.

Michael G. Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC,
represents the Debtor as legal counsel.



INOVA PHARMACEUTICALS: FS KKR Marks AU$3.9MM 1L Loan at 26% Off
---------------------------------------------------------------
FS KKR Capital Corp. has marked its AU$3,900,000 loan extended to
iNova Pharmaceuticals (Australia) Pty Limited to market at
AU$2,900,000 or 74% of the outstanding amount, according to FS
KKR's Form 10-Q for the fiscal year ended June 30, 2025, filed with
the U.S. Securities and Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
iNova Pharmaceuticals (Australia) Pty Limited. The loan accrues
interest at a rate of 4.8% per annum. The loan matures on November
2031.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

About iNova Pharmaceuticals (Australia) Pty Limited

iNova Pharmaceuticals is an international healthcare company that
develops, markets, and sells a wide range of prescription and
non-prescription consumer health products in over 75 markets across
Asia, Africa, and Australasia.


IRWIN NATURALS: Seeks to Use Cash Collateral
--------------------------------------------
Irwin Naturals and affiliates ask the U.S. Bankruptcy Court for the
Central District of California, San Fernando Valley Division, filed
a motion seeking approval to use cash collateral and provide
adequate protection.

A creditors' committee was appointed on August 31, 2024, and a
court-approved sale of nearly all assets to FitLife Brands, Inc.
closed on August 8. The sale generated enough proceeds to pay off
their pre-petition lenders, primarily East West Bank and CFG Bank,
to the tune of $25.65 million, including principal, post-petition
payments, and interest. However, EWB has refused to provide a final
payoff statement, leading the Debtors to file the motion out of an
abundance of caution to ensure they can continue using their funds
without objection.

The Debtors faced financial strain following an aggressive
expansion strategy. Although they regained some stability, their
relationship with EWB deteriorated, culminating in EWB seizing
control of business accounts and refusing to allow the Debtors
access to funds, which ultimately triggered the bankruptcy filings.


The Debtors secured a $40 million credit facility in early 2023
from EWB and CFG. Despite attempting to pay off the loan in full
following the asset sale, EWB has not provided a payoff demand or
accounting, even after repeated requests since December 2024. The
Debtors assert they have likely overpaid the lenders, estimating
only a potential $500,000 in remaining fees owed, which they are
willing to pay once clarified. The Debtors currently hold
approximately $23.8 million in cash and believe all claims,
including unsecured and administrative, total no more than $11
million, meaning all creditors are oversecured by at least 100%.
EWB itself would be oversecured by 4,600% based on current
estimates.

The Debtors have used cash collateral with prior court approval
throughout the bankruptcy and now request ongoing authority to use
cash for routine obligations through March 2026, based on a
submitted budget. Expenses include payroll for three remaining
employees, severance payments for five recently terminated staff
(two of whom are insiders), compliance with tax and audit
obligations, services under a Transition Services Agreement, and
restoration of email systems and records access. All expenditures
are claimed to be reasonable, necessary, and not extraordinary or
excessive.

Despite asserting the lenders have been paid in full, the Debtors
offer replacement liens on post-petition assets (excluding
avoidance actions) to the extent of the lenders' pre-petition
liens, as additional protection. The Debtors also request relief
from prior reporting requirements, arguing that the lenders no
longer have a valid basis for such oversight.

A court hearing is set for August 28.

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

                       About Irwin Naturals

Irwin Naturals is a provider of business support services.

Irwin Naturals and affiliates, 5310 Holdings, LLC, DAI US HoldCo,
Inc. and Irwin Naturals, Inc., filed Chapter 11 petitions (Bankr.
C.D. Calif. Lead Case No. 24-11323) on Aug. 9, 2024.  At the time
of the filing, Irwin Naturals reported $10 million to $50 million
in both assets and liabilities.

Judge Victoria S. Kaufman oversees the cases.

The Debtors tapped BG Law, LLP as bankruptcy counsel; Beach,
Freeman, Lim & Clelland, LLP as accountant; Province, LLC as
financial advisor; and Marula Capital Group, LLC as valuation
consultant. Omni Agent Solutions, Inc., is the Debtors'
administrative agent.

The U.S. Trustee for Region 16 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Golden Goodrich, LLP.



JACKSBOSTON LLC: Seeks Chapter 11 Bankruptcy in North Carolina
--------------------------------------------------------------
On August 21, 2025, Jacksboston LLC filed Chapter 11 protection
in the Eastern District of North Carolina. According to court
filing, the Debtor reports $2,639,683 in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

         About Jacksboston LLC

Jacksboston LLC, doing business as Blue Pack Marketing, provides
custom printing and marketing services, including screen printing,
embroidery, laser etching, direct-to-garment printing, vinyl
applications, signage, and banners, as well as graphic design,
social media marketing, and website development. Founded in 2014 in
North Carolina, the Company serves a range of clients with products
such as apparel, tumblers, and promotional items, offering both
bulk and small orders.  It operates in the marketing and custom
merchandise industry, focusing on brand development, supply chain
logistics, and multi-channel advertising solutions.

Jacksboston LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03234) on August 21,
2025. In its petition, the Debtor reports total assets of $132,575
and total liabilities of $2,639,683.

Honorable Bankruptcy Judge Pamela W. Mcafee handles the case.

The Debtor is represented by Danny Bradford, Esq. at PAUL D.
BRADFORD, PLLC.


JAL OUTLET: Seeks Court Approval to Hire Special Counsels
---------------------------------------------------------
JAL Outlet, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to employ legal professionals Jose
Rafael Ramirez Ramos, Jose Francisco Ramirez Ramos and Jose Felix
Ramirez Ramos as special counsels.

The Debtor needs the attorneys' legal assistance in connection with
a case (Case No. K EF2005-0301) filed in the Court of First
Instance of Puerto Rico, Superior Section of San Juan, titled
Autoridad de Carreteras y Transportacion de Puerto Rico v. Jose
Arturo Lugo et als.

The professionals will be paid 33 percent of the compensation to be
received by Debtor, damages, fines, penalties and the costs of
construction of improvements, and as to the claim by Centro de
Recaudacion de Ingresos Municipales regarding said properties due
to the effects of the construction of the ramp by the Authority.

As disclosed in a court filing, the lawyers are "disinterested
persons" as the term is defined in Section 101(14) of the
Bankruptcy Code.

They can be reached at:

     Jose Rafael Ramirez Ramos, Esq.
     Jose Francisco Ramirez Ramos, Esq.
     Jose Felix Ramirez Ramos, Esq.
     P.O. Box 720
     Mayaguez, Puerto Rico 00681-0720
     Tel: (787)-834-9200

              About JAL Outlet, Inc.

JAL Outlet, Inc. is a wholesale distributor of motor vehicles and
automotive parts operating out of Hormigueros, Puerto Rico. The
Company supplies products such as vehicle components, accessories,
and related equipment to retailers and service providers.

JAL Outlet, Inc. in Hormigueros, PR, sought relief under Chapter 11
of the Bankruptcy Code filed its voluntary petition for Chapter 11
protection (Bankr. D.P.R. Case No. 25-02796) on June 23, 2025,
listing $10 million to $50 million in assets and $1 million to $10
million in liabilities. Jose A. Lugo Alverio as president, signed
the petition.

Judge Maria De Los Angeles Gonzalez oversees the case.

CHARLES A. CUPRILL, PSC LAW OFFICES serve as the Debtor's legal
counsel.


JHRG MANUFACTURING: Richard Preston Cook Named Subchapter V Trustee
-------------------------------------------------------------------
Brian Behr, the U.S. Bankruptcy Administrator for the Eastern
District of North Carolina appointed Richard Preston Cook as
Subchapter V trustee for JHRG Manufacturing, LLC.

The Subchapter V trustee's hourly rate for this engagement is
$375.

Mr. Cook declared that he does not have an interest materially
adverse to the interest of JHRG Manufacturing's estate, creditors
or equity security holders.

                    About JHRG Manufacturing

JHRG Manufacturing LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03211) on August
20, 2025, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.

Judge David M. Warren presides over the case.

Benjamin R. Eisner, Esq., at The Law Offices of George Oliver, PLLC
represents the Debtor as legal counsel.


JMKA LLC: Court Extends Cash Collateral Access to Sept. 18
----------------------------------------------------------
JMKA, LLC received ninth interim approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to use the cash
collateral of its secured lenders from August 22 to September 18.

The lenders include the U.S. Small Business Administration,
BayFirst National Bank, Funding Circle, Transportation Alliance
Bank, Ameris Bank, Cashfloit LLC, and Funders App, LLC. These
lenders assert security interests in all assets of the Debtor,
including cash, bank deposits and accounts receivable, which
constitute their cash collateral.

The ninth interim order, signed by Judge David Cleary, authorized
the use of cash collateral to pay the expenses set forth in the
Debtor's budget, with a 5% variance allowed.

The Debtor was ordered to provide the secured lenders with
protection in the form of replacement liens on its assets to the
same extent and with the same priority and validity as their
pre-bankruptcy liens.

In addition, the Debtor was ordered to pay $439 to SBA, $1,000 to
BayFirst, $500 to Funding Circle, $500 to Transportation Alliance
Bank, $800 to Ameris Bank, $3,000 to Cashfloit, and $2,000 to
Funders App.

The next hearing is set for September 3.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/iQcdL from PacerMonitor.com.

                          About JMKA LLC

JMKA, LLC is a boutique childcare center in downtown Elmhurst, Ill.
It operates as Elmhurst Premier Childcare.

JMKA filed Chapter 11 petition (Bankr.  N.D. Ill. Case No.
25-00036) on January 3, 2025, with up to $50,000 in assets and up
to $10 million in liabilities.

Judge David D. Cleary oversees the case.

Ben L. Schneider, Esq., at The Law Offices of Schneider & Stone is
the Debtor's bankruptcy counsel.

Ameris Bank, as secured lender, is represented by:

     Jillian S. Cole, Esq.
     Taft Stettinius & Hollister, LLP
     111 E. Wacker Drive, Suite 2600
     Chicago, IL 60601
     (312) 836-4019
     jcole@taftlaw.com

Cashfloit LLC, as secured lender, is represented by:

   Fred S. Kantrow, Esq.
   The Kantrow Law Group, PLLC
   732 Smithtown Bypass, Suite 101
   Smithtown, NY 11787
   (516)703-3672
   fkantrow@thekantrowlawgroup.com


JOSEPH G. BABA: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The U.S. Trustee for Region 20 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Joseph G. Baba, D.D.S., P.A.

              About Joseph G. Baba, D.D.S., P.A.

Joseph G. Baba, D.D.S. P.A., doing business as TMJ & Sleep Therapy
Centre of Kansas, provides personalized evaluation and treatment of
temporomandibular joint disorders, craniofacial pain and
sleep-related breathing disorders from its Kansas practice. Founded
and led by Dr. Joseph G. Baba, the Centre combines dental,
orthopedic and sleep medicine expertise to deliver tailored,
non-invasive therapies aimed at relieving headaches, jaw pain and
sleep disturbances.

Joseph G. Baba, D.D.S. P.A. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No.
25-10771) on July 28, 2025. In its petition, the Debtor reports
total assets of $277,330 and total liabilities of $2,580,530.

The Debtor is represented by January M Bailey, Esq., at Prelle Eron
& Bailey, P.A.


KELLERMEYER BERGENSONS: FS KKR Marks $95.6M 1L Loan at 50% Off
--------------------------------------------------------------
FS KKR Capital Corp. has marked its $95,600,000 loan extended to
Kellermeyer Bergensons Services LLC to market at $47,600,000 or 50%
of the outstanding amount, according to FS KKR's Form 10-Q for the
fiscal year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Kellermeyer Bergensons Services LLC. The loan accrues interest at a
rate of 1% per annum. The loan matures on November 2028.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         About Kellermeyer Bergensons Services LLC

KBS is a trusted partner to leading operations and facility
managers across North America.


KITCHEN MAN: Seeks to Hire Richard P. Cook as Bankruptcy Counsel
----------------------------------------------------------------
The Kitchen Man Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of North Carolina to employ Richard P.
Cook, PLLC as counsel.

The firm will render these services:

     (a) represent and assist the Debtor in carrying out its duties
under the provisions of Chapter 11 of the Bankruptcy Code; and

     (b) represent the estate generally throughout the
administration of this Chapter 11 proceeding.

The firm will be paid at these hourly rates:

     Richard Cook, Esq.                $400
     Paralegal and Legal Assistants    $100

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

The firm received a retainer of $10,000 from the Debtor prior to
the filing of this Chapter 11 case.

Mr. Cook 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:

     Richard P. Cook, Esq.
     Richard P. Cook, PLLC
     7036 Wrightsville Ave., Suite 101
     Wilmington, NC 28403
     Telephone: (910) 399-3458
     Email: Richard@CapeFearDebtRelief.com
     
                      About The Kitchen Man Inc.

The Kitchen Man Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03176) on August 18,
2025, listing up to $1 million in assets and up to $10 million in
liabilities.

Judge Joseph N. Callaway oversees the case.

Richard P. Cook, PLLC serves as the Debtor's counsel.


KUPONO RESORT: Seeks to Hire Lesnick Prince as Counsel
------------------------------------------------------
Kupono Resort LLC seeks approval from the U.S. Bankruptcy Court for
the District of Hawaii to employ Lesnick Prince Pappas & Alverson
LLP to handle its Chapter 11 case.

The firm will be paid at these rates:

     Matthew A. Lesnick         $695
     Lisa R. Patel              $425
     Janet A. Mack, paralegal   $255

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

Mr. Lesnick 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:

     Matthew Lesnick, Esq.
     Lesnick Prince & Pappas LLP
     315 W. Ninth Street, Suite 705
     Los Angeles, CA 90015
     Telephone: (213) 493-6496
     Facsimile: (213) 493-6596
     Email: matt@lesnickprince.com

              About Kupono Resort LLC

Kupono Resort LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Haw. Case No. 25-00652) on July 28,
2025.

At the time of the filing, the Debtor was a single asset real
estate entity owning a 25-acre parcel of resort-zoned land in
Poipu, Kauai, with a tax assessed value of approximately $23.7
million, and had no operations.

As of the petition date, the Debtor was a defendant in a collection
lawsuit seeking approximately $6.05 million and a foreclosure
lawsuit involving a mortgage with a balance of approximately $5.33
million.

Honorable Judge Robert J. Faris oversees the case.

Chuck C. Choi of Choi & Ito serves as the Debtor's legal counsel.


L & D CAFE: Seeks Subchapter V Bankruptcy in Florida
----------------------------------------------------
On August 22, 2025, L & D Cafe Inc. filed Chapter 11 protection
in the Southern 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.

         About L & D Cafe Inc.

L & D Cafe Inc., doing business as Marian's Bagels, operates a cafe
and bakery in Plantation, Florida, specializing in bagels,
sandwiches, and related food and beverage items. The Company serves
local customers in the South Florida area, providing dine-in and
takeout options.

L & D Cafe Inc. sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19748) on
August 22, 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 Peter D. Russin handles the case.

The Debtor is represented by Chad P. Pugatch, Esq. at LORIUM LAW.


LANDMARK RECOVERY OF ARKANSAS: Subchapter V Trustee Named
---------------------------------------------------------
The Acting U.S. Trustee for Region 8 appointed Glen Watson, Esq.,
at Watson Law Group, PLLC as Subchapter V trustee for Landmark
Recovery of Arkansas, LLC.

Mr. Watson will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Watson declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Glen Watson, Esq.,
     Watson Law Group, PLLC
     1114 17th Av. S., Suite 201
     P.O. Box 121950
     Nashville, TN 37212
     Telephone: (615) 823-4680
     Email: glen@watsonpllc.com

              About Landmark Recovery of Arkansas

Landmark Recovery of Arkansas, LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No.
25-03453) on August 20, 2025, listing between $1 million and $10
million in assets and up to $50,000 in liabilities.

Judge Randal S. Mashburn presides over the case.

Michael G. Abelow, Esq. at Sherrard Roe Voigt & Harbison, PLC
represents the Debtor as legal counsel.


LANDMARK RECOVERY OF COLORADO: Subchapter V Trustee Named
---------------------------------------------------------
The Acting U.S. Trustee for Region 8 appointed Glen Watson, Esq.,
at Watson Law Group, PLLC as Subchapter V trustee for Landmark
Recovery of Colorado, LLC.

Mr. Watson will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Watson declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Glen Watson, Esq.,
     Watson Law Group, PLLC
     1114 17th Av. S., Suite 201
     P.O. Box 121950
     Nashville, TN 37212
     Telephone: (615) 823-4680
     Email: glen@watsonpllc.com

               About Landmark Recovery of Colorado

Landmark Recovery of Colorado, LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No.
25-03452) on August 20, 2025.

Judge Randal S. Mashburn presides over the case.

Michael G. Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC
represents the Debtor as legal counsel.


LANDMARK RECOVERY: Section 341(a) Meeting of Creditors on Sept. 22
------------------------------------------------------------------
On August 20, 2025, Landmark Recovery of Colorado LLC filed
Chapter 11 protection in the Middle District of Tennessee.
According to court filing, the Debtor reports $1,841,854 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 September
22, 2025 at 01:30 PM via Meeting held telephonically. Please call
888-330-1716 and enter code 3884044# to attend.

         About Landmark Recovery of Colorado LLC

Landmark Recovery of Colorado LLC, f/d/b/a Landmark Recovery of
Colorado Springs and d/b/a Praxis of Colorado Springs by Landmark
Recovery and Sheridan Grove Recovery, operates addiction treatment
centers across multiple U.S. states, providing medical detox,
residential, and outpatient rehabilitation services for substance
use disorders. The Company's facilities, some branded under "Praxis
by Landmark Recovery," offer individualized treatment plans
incorporating therapy, medication-assisted treatment, and clinical
support. Landmark Recovery's operations span locations in Arkansas,
Colorado, Indiana, Kentucky, and Ohio, serving patients through
evidence-based addiction care programs.

Landmark Recovery of Colorado LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-03452) on
August 20, 2025. In its petition, the Debtor reports total assets
of $7,375,347 and total liabilities of $1,841,854.

Honorable Bankruptcy Judge Randal S. Mashburn handles the case.

The Debtor is represented by Michael G. Abelow, Esq. at SHERRARD
ROE VOIGT & HARBISON, PLC.


LAUREL CREEK: Hires Golden Goodrich LLP as Counsel
--------------------------------------------------
Laurel Creek, LP seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ Golden Goodrich LLP as
counsel.

The firm will render these services:

   a. advise the Debtor with respect to the requirements and
provisions of the Bankruptcy Code, Federal Rules of Bankruptcy
Procedure, Local Bankruptcy Rules, U.S. Trustee Guidelines, and
other applicable requirements which may affect the Debtor;

   b. assist the Debtor in preparing and filing Schedules and
Statement of Financial Affairs, complying with and fulfilling U.S.
Trustee requirements, complying with and fulfilling the
requirements of the Bankruptcy Code and, in particular, the
requirements of Chapter 11 of the Bankruptcy Code, and preparing
other pleadings and documents as may be required after the
initiation of a Chapter 11 case;

   c. represent the Debtor at the Initial Debtor Interview and the
Bankruptcy Code § 341(a) meeting of creditors, and any
continuances thereof;

   d. assist the Debtor in identifying and, to the extent
necessary, obtaining Court approval of the employment of a chief
restructuring officer and any other professional necessary for the
Debtor to complete this bankruptcy case;

   e. assist the Debtor in negotiations with creditors and other
parties-in-interest;

   f. assist the Debtor in the preparation and formulation of a
Chapter 11 plan and confirmation of such a plan;

   g. advise the Debtor concerning the rights and remedies of the
estate and of the Debtor in regard to adversary proceedings which
may be removed to, or initiated in, the Bankruptcy Court, and
assist the Debtor, if appropriate, in retaining special counsel to
litigate such adversary proceedings;

   h. prepare all motions, applications, answers, orders, reports,
and papers on behalf of the Debtor that are necessary to the
administration of the Case;

   i. represent the Debtor in any proceeding or hearing in the
Bankruptcy Court in any action where the rights of the estate or
the Debtor may be litigated, or affected; and

   j. otherwise provide those services to the Debtor as are
generally provided by general insolvency counsel to a debtor and
debtor-in-possession in a Chapter 11 case.

The firm will be paid at these rates:

     Jeffrey I. Golden     $850 per hour
     Anerio V. Altman      $700 per hour
     Sara Tidd             $625 per hour
     Ryan W. Beall         $600 per hour
     Paralegals            $250 per hour
     Law Clerks            $250 per hour

On or about July 18, 2025, the firm received a $40,000 retainer
from Patrick Smith who is the Manager of 1160 Laurel Lane, LLC,
General Partner of the Debtor.

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

Mr. Golden 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:

     Jeffrey I. Golden, Esq.
     Anerio V. Altman, Esq.
     Sara Tidd, Esq.
     Ryan W. Beall, Esq.
     GOLDEN GOODRICH LLP
     3070 Bristol Street, Suite 640
     Costa Mesa, California 92626
     Tel: (714) 966-1000
     Fax: (714) 966-1002
     Email: jgolden@go2.law
            aaltman@go2.law
            stidd@go2.law
            rbeall@go2.law

              About Laurel Creek, LP

Laurel Creek, LP, a California limited partnership, is a real
estate company whose principal assets are located at 1150 Laurel
Lane in San Luis Obispo, California.

Laurel Creek, LP in Santa Barbara, CA, sought relief under Chapter
11 of the Bankruptcy Code filed its voluntary petition for Chapter
11 protection (Bankr. C.D. Cal. Case No. 25-10985) on July 24,
2025, listing as much as $50 million to $100 million in both assets
and liabilities. Patrick Smith as Manager of 1160 Laurel Lane, LLC,
general partner of the Debtor, signed the petition.

GOLDEN GOODRICH LLP serve as the Debtor's legal counsel.


LEGACY DRAYAGE: M. Douglas Flahaut Named Subchapter V Trustee
-------------------------------------------------------------
The U.S. Trustee for Region 16 appointed M. Douglas Flahaut as
Subchapter V trustee for Legacy Drayage, Inc.

Mr. Flahaut will be paid an hourly fee of $680 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Flahaut declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     M. Douglas Flahaut
     ArentFox Schiff LLP | Attorneys at Law
     Gas Company Tower
     555 West Fifth Street, 48th Floor
     Los Angeles, California 90013
     Telephone: (213) 443-7559
     Facsimile: (213) 629-7401
     Email: douglas.flahaut@afslaw.com

                       About Legacy Drayage

Legacy Drayage, Inc. provides trucking, freight logistics, and
transportation services, offering solutions such as drayage,
transloading, hazardous materials handling, overweight cargo
transport, and over-the-road trucking.  The Company serves
customers with route planning, warehousing, and logistics
management, and emphasizes technology-driven operations to improve
service levels and delivery efficiency. It also engages in zero
emissions trucking and logistics initiatives as part of its
operations.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-17226) on August
20, 2025, with $1 million to $10 million in assets and liabilities.
Walter Umana, president and CEO, signed the petition.

Judge Barry Russell presides over the case.

Ron Bender, Esq., at LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P.,
represents the Debtor as legal counsel.


LH PROPERTY: Seeks Approval to Hire Fallon Law as Legal Counsel
---------------------------------------------------------------
LH Property Group LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to employ Fallon Law PC as
counsel.

The firm will render these services:

     (a) prepare pleadings, schedules and statements of financial
affairs, adversary proceedings and applications incidental to
administering the estate;

     (b) develop the relationship and status of the Debtor and
handle claims of creditors in these proceedings, all in the best
interests of the Debtor, creditors and other interested parties;

     (c) advise the Debtor of its rights, duties and obligations;

     (d) perform legal services incidental and necessary to the
day-to-day operation of the Debtor;

     (e) take any and all necessary actions incident to the proper
preservation and administration of the Debtor and to the conduct of
its business;

     (f) prepare plan of reorganization and disclosure statement;
and

     (g) provide post-confirmation legal services in connection
with implementation of the plan.

Brad Fallon, Esq., the primary attorney in this representation,
will be billed at his hourly rate of $350.

The firm received a retainer of $5,000 from the Debtor's owner,
Lashawnna Holder.

Mr. Fallon disclosed in a court filing that his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Brad Fallon, Esq.
     Fallon Law PC
     1201 W. Peachtree St. NW, Suite 2625
     Atlanta, GA 30309
     Telephone: (404) 849-2199
     Facsimile: (470) 994-0579
     Email: brad@fallonbusinesslaw.com

                      About LH Property Group LLC

LH Property Group LLC is a Georgia-based company likely involved in
real estate or property management.

LH Property Group LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58793) on August 4,
2025. In its petition, the Debtor between $500,000 and $1 million
in both assets and liabilities.

Brad Fallon, Esq., at Fallon Law PC serves as the Debtor's counsel.


LH PROPERTY: Seeks to Hire Fallon Law PC as Counsel
---------------------------------------------------
LH Property Group LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to employ Fallon Law PC as
counsel.

The firm's services include:

   a. preparing pleadings, schedules and statements of financial
affairs, adversary proceedings and applications incidental to
administering the estate;

   b. developing relationship and status of debtor-in-possession
and handling of claims of creditors in these proceedings, all in
the best interests of the Debtor, creditors and other interested
parties;

   c. advising the debtor-in-possession of its rights, duties and
obligations as a debtor-in-possession;

   d. performing legal services incidental and necessary to the
day-to-day operation of the Debtor including, but not limited to,
institution and prosecution of necessary legal proceedings, debt
restructuring, general business, corporate and legal advice, and
assistance necessary to the proper preservation and administration
of the estate;

   e. preparing pleadings, schedules and statements of financial
affairs, adversary proceedings and applications incidental to
administering the estate;

   f. taking any and all necessary actions incident to the proper
preservation and administration of the Debtor and to the conduct of
its business;

   g. preparing a plan of reorganization and disclosure statement;
and

   h. providing post-confirmation legal services in connection with
implementation of the plan.

The firm will be paid at the rate of $350 per hour.

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

Mr. Fallon 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:

     Brad Fallon, Esq.
     Fallon Law PC
     1201 W. Peachtree St. NW, Suite 2625
     Atlanta, GA 30309
     Tel: (404) 849-2199
     Fax: (470) 994-0579
     Email: brad@fallonbusinesslaw.com

              About LH Property Group LLC

LH Property Group LLC is a Georgia-based company likely involved in
real estate or property management.

LH Property Group LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58793) on August 4,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $500,000 and $1 million each.


LILLY INDUSTRIES: Seeks Continued Cash Collateral Access
--------------------------------------------------------
Lilly Industries, Inc., doing business as The Slab Studio, asks the
U.S. Bankruptcy Court for the Central District of California, Santa
Ana Division, for authority to use cash collateral and provide
adequate protection.

The Debtor, a supplier of natural stone and semi-precious materials
for residential and commercial construction, operates a showroom in
Santa Ana, California and filed for Chapter 11 bankruptcy on
February 3. Since then, it has remained in possession of its assets
and continued business operations as a debtor-in-possession.

The Debtor's only secured creditor is the U.S. Small Business
Administration, which has previously consented to the use of cash
collateral. The court had initially granted interim use of cash
collateral at the first-day hearing and later extended that
authority through June 3, and again through August 31.

The Debtor seeks to further extend its authority to use cash
collateral through November 30 in accordance with an updated
operating budget. The Debtor proposes to continue making monthly
adequate protection payments of $5,129 to the SBA and has submitted
supporting documentation including an actual-to-interim budget
report demonstrating compliance with prior orders, as well as a
proposed cash collateral budget through November.

A copy of the motion is available at https://urlcurt.com/u?l=F99PE3
from PacerMonitor.com.

                     About Lilly Industries Inc.

Lilly Industries, Inc. (doing business as The Slab Studio) is a
trade-only gallery that offers architects, contractors, dealers,
and designers access to the finest natural stone and semi-precious
slabs, ensuring a sophisticated, one-of-a-kind viewing experience.
With discerning standards and a global reach, they act as a trusted
partner for those seeking premium materials for high-end design
projects.

Lilly Industries filed Chapter 11 petition (Bankr. C.D. Calif. Case
No. 25-10301) on February 3, 2025, listing between $500,001 and $1
million in assets and between $1 million and $10 million in
liabilities. Robert Goe, Esq., a practicing attorney in Irvine,
Calif., serves as Subchapter V trustee.

Judge Theodor Albert oversees the case.

The Debtor tapped Brian M. Rothschild, Esq., at Parsons Behle &
Latimer as legal counsel and Rocky Mountain Advisory, LLC as
accounting and financial advisor.


LION RIBBON: Committee Hires Lowenstein Sandler as Co-Counsel
-------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Lion Ribbon Texas Corp. and its affiliates
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to employ Lowenstein Sandler LLP as co-counsel.

The firm will render these services:

     (a) advise the committee with respect to its rights, duties,
and powers in the Chapter 11 cases;

     (b) assist and advise committee in its consultations with the
Debtors relative to the administration of the Chapter 11 cases;

     (c) assist the committee in analyzing the claims of the
Debtors' creditors and their capital structure and in negotiating
with holders of claims and equity interests;

     (d) assist the committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors and of the operation of their businesses;

     (e) assist the committee in analyzing the Debtors' prepetition
capital structure, use of cash collateral, and the adequacy of the
proposed budget;

     (f) assist the committee in its investigation of the liens and
claims of the holders of the Debtors' prepetition debt and the
prosecution of any claims or causes of action revealed by such
investigation;

     (g) assist the committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of nonresidential real property and executory contracts, asset
dispositions, sale of assets, financing of other transactions and
the terms of one or more plans of reorganization or liquidation for
them and accompanying disclosure statements and related plan
documents;

     (h) assist the committee in its investigation into the
prepetition activity of and potential causes of action against
applicable third parties;

     (i) assist and advise the committee as to its communications
with unsecured creditors regarding significant matters in the
Chapter 11 cases;

     (j) represent the committee at hearings and other
proceedings;

     (k) review and analyze applications, orders, statements of
operations, and schedules filed with the court and advise the
committee as to their propriety;

     (l) assist the committee in preparing pleadings and
applications as may be necessary in furtherance of its interests
and objectives in the Chapter 11 cases;

     (m) assist the committee and provide advice concerning any
proposed sale of the Debtors' assets;

     (n) assist the committee with respect to issues that may arise
concerning the Debtors' employees;

     (o) prepare on behalf of the committee, any pleadings; and

     (p) perform such other legal services as may be required or
are otherwise deemed to be in the interests of the committee in
accordance with its powers and duties as set forth in the
Bankruptcy Code, the Bankruptcy Rules, or other applicable law.

The firm will be paid at these hourly rates:

     Partners                              $775 - $2,175
     Of Counsel                            $890 - $1,575
     Senior Counsel and Counsel            $675 - $1,595
     Associates                            $550 - $1,150
     Paralegals                              $225 - $505

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

Jeffrey Cohen, Esq., a partner at Lowenstein Sandler, also provided
the following in response to the request for additional information
set forth in Section D of the Revised U.S. Trustee Guidelines:

     Question: Did you agree to any variations from, or
alternatives to, your standard or customary billing arrangements
for this engagement?

     Answer: No.

     Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

     Answer: No.

     Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition period. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

     Answer: Lowenstein Sandler did not represent the committee
prior to the petition date.

     Question: Has your client approved your prospective budget and
staffing plan and, if so, for what budget period?

     Answer: Lowenstein Sandler expects to develop a budget and
staffing plan to reasonably comply with the U.S. Trustee's request
for information and additional disclosures, as to which Lowenstein
Sandler reserves all rights. The committee has approved Lowenstein
Sandler's proposed hourly billing rates.

Mr. Cohen 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:

     Jeffrey L. Cohen, Esq.
     Lowenstein Sandler LLP
     1 Lowenstein Dr.
     Roseland, NJ 07068
     Telephone: (973) 597-2500

                     About Lion Ribbon Texas Corp.

Lion Ribbon Texas Corp. and affiliates design, manufacture, and
distribute consumer crafting, gifting, and stationery products for
celebrations, hobbies and creative play. They operate globally,
with facilities across North America and supporting operations in
India, Hong Kong, China, the United Kingdom, and Australia. They
supply both branded and private-label products to consumers and
major corporate clients.

The Debtors sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 25-90164) on July 3, 2025. In
their petitions, the Debtors reported $100 million to $500 million
in assets and liabilities on a consolidated basis.

Judge Christopher M. Lopez handles the cases.

The Debtors are represented by Caroline A. Reckler, Esq., Ray C.
Schrock, Esq., Adam S. Ravin, Esq., Randall Carl Weber-Levine,
Esq., and Meghana Vunnamadala, Esq., at Latham & Watkins, LLP. The
Debtors tapped Huron Consulting Services, LLC as investment banker
and financial advisor; Deloitte Tax, LLP as tax services provider;
Liskow & Lewis, APLC as conflicts counsel; C Street Advisory Group,
LLC as communications advisor; and Kroll Restructuring
Administration, LLC as claims, noticing and solicitation agent.

On July 22, 2025, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in these Chapter 11
cases. The committee tapped Lowenstein Sandler LLP and Orrick,
Herrington & Sutcliffe LLP as counsel.


LION RIBBON: Panel Hires Orrick Herrington & Sutcliffe as Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Lion Ribbon Texas Corp. and its affiliates
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to employ Orrick, Herrington & Sutcliffe LLP as
co-counsel.

The firm will provide these services:

     (a) advise the committee with respect to its rights, powers
and duties in these Chapter 11 cases;

     (b) assist, advise and represent the committee in analyzing
the Debtors' assets and liabilities;

     (c) assist and advise the committee with regard to any
proposed sale(s) or disposition(s) of the Debtors' assets;

     (d) attend meetings and negotiate with the representatives of
the Debtors;

     (e) assist and advise the committee in its examination and
analysis of the conduct of the Debtors' affairs;

     (f) assist the committee in the review, analysis and
negotiation of any plan(s) that may be filed and assist it in the
review, analysis and negotiation of the disclosure statements
accompanying any plan(s);

     (g) investigate and determine the value of unencumbered
assets;

     (h) analyze and negotiate the budget and monitor the Debtors'
financial performance in these Chapter 11 cases;

     (i) assist and advise the committee with respect to its
communications with the general unsecured creditors regarding
significant matters in these Chapter 11 cases;

     (j) review and analyze the work product of the Debtors'
advisors and report to the committee;

     (k) provide the committee with legal advice in relation to the
Chapter 11 cases;

     (l) take all necessary action to protect and preserve the
interests of unsecured creditors;

     (m) prepare and file on behalf of the committee all necessary
legal papers in furtherance of the committee' interests and
objective in these Chapter 11 cases;

     (n) appear, as appropriate, before this court, the appellate
courts, and other courts in which matters may be heard and to
protect the interests of the committee before said courts and the
U.S. Trustee;

     (o) review and analyze discovery documents provided by the
Debtors and other parties in interest in connection with the
committee's investigations;

     (p) provide legal advice and services regarding local rules,
practices, and procedures, including Fifth Circuit law;

     (q) perform such other legal services in these cases as may be
required and are deemed to be in the interests of the committee and
unsecured creditors in accordance with its powers and duties as set
forth in the Bankruptcy Code;

     (r) provide legal advice and services on any matter on which
Lowenstein Sandler LLP may have a conflict or as needed based on
specialization; and

     (s) advice and assist with respect to other matters as the
committee may request from time to time, in each case without
duplication of the services of Lowenstein or any other committee
professional.

The firm will be paid at these hourly rates:

     Partners                     $1,386
     Counsel                      $1,314
     Associates            $873 - $1,278
     Paraprofessionals     $243 - $544

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

Mark Phillip Franke, Esq., an attorney at Orrick, Herrington &
Sutcliffe, also provided the following in response to the request
for additional information set forth in Section D of the Revised
U.S. Trustee Guidelines:

     Question: Did you agree to any variations from, or
alternatives to, your standard or customary billing arrangements
for this engagement?

     Answer: Orrick has agreed to variations from, or alternatives
to, its customary billing arrangements for this engagement. Orrick
will provide a 10 percent discount off of its hourly rates for all
attorneys and paraprofessionals involved in this representation;
provided, that the committee may, in its discretion, elect to waive
this discount in connection with Orrick's final fee application.

     Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

     Answer: No professional included in this engagement varies
their rate based on the geographic location of the bankruptcy
cases.

     Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition period. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

     Answer: Orrick has not represented the committee in the 12
months prepetition and, consequently, there are no billing rates
and material financial terms for the prepetition engagement,
including any adjustments during the 12 months prepetition to
disclose, and Orrick's billing rates and material financial terms
have not changed postpetition.

     Question: Has your client approved your prospective budget and
staffing plan and, if so, for what budget period?

     Answer: Orrick expects to develop a budget and staffing plan
to reasonably comply with the U.S. Trustee's request for
information and additional disclosures, as to which Orrick reserves
all rights. The committee has approved Orrick's proposed hourly
billing rates.

Mr. Franke 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:

     Mark Phillip Franke, Esq.
     Orrick, Herrington & Sutcliffe LLP
     51 W., 52nd St.
     New York, NY 10019
     Telephone: (212) 506-5000
     
                     About Lion Ribbon Texas Corp.

Lion Ribbon Texas Corp. and affiliates design, manufacture, and
distribute consumer crafting, gifting, and stationery products for
celebrations, hobbies and creative play. They operate globally,
with facilities across North America and supporting operations in
India, Hong Kong, China, the United Kingdom, and Australia. They
supply both branded and private-label products to consumers and
major corporate clients.

The Debtors sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 25-90164) on July 3, 2025. In
their petitions, the Debtors reported $100 million to $500 million
in assets and liabilities on a consolidated basis.

Judge Christopher M. Lopez handles the cases.

The Debtors are represented by Caroline A. Reckler, Esq., Ray C.
Schrock, Esq., Adam S. Ravin, Esq., Randall Carl Weber-Levine,
Esq., and Meghana Vunnamadala, Esq., at Latham & Watkins, LLP. The
Debtors tapped Huron Consulting Services, LLC as investment banker
and financial advisor; Deloitte Tax, LLP as tax services provider;
Liskow & Lewis, APLC as conflicts counsel; C Street Advisory Group,
LLC as communications advisor; and Kroll Restructuring
Administration, LLC as claims, noticing and solicitation agent.

On July 22, 2025, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in these Chapter 11
cases. The committee tapped Lowenstein Sandler LLP and Orrick,
Herrington & Sutcliffe LLP as counsel.


LMD HOLDINGS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee for Region 9 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of LMD Holdings, LLC.

                     About LMD Holdings LLC

LMD Holdings LLC operates Luca Mariano Distillery, a beverage
manufacturer located at 128 Letton Drive in Danville, Kentucky.

LMD Holdings LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-47214) on July 17,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million to $10 million each.

Honorable Bankruptcy Judge Paul R. Hage handles the case.

The Debtor is represented by Robert Bassel, Esq., at ROBERT N.
BASSEL.


LOGMELN INC: First Trust Marks $1.9MM 1L Loan at 63% Off
--------------------------------------------------------
First Trust Senior Floating Rate Income Fund II has marked
its$1,996,036 loan extended to LogMeIn, Inc.  to market at $744,781
or 37% of the outstanding amount, according to First Trust's Form
N-CSR for the fiscal year ended May 31, 2025, filed with the U.S.
Securities and Exchange Commission.

First Trust is a participant in a First Lien Second Out TL to
LogMeIn, Inc. The loan accrues interest at a rate of 1 Mo. CME Term
SOFR + CSA + 4.75%, 0.00% Floor per annum. The loan matures on
April 30, 2028.

First Trust is a diversified, closed-end management investment
company organized as a Massachusetts business trust on March 25,
2004. The primary investment objective of the First Trust Senior
Floating Rate Income Fund II is to seek a high level of current
income. As a secondary objective, the Fund attempts to preserve
capital. The Fund pursues its investment objectives by investing
primarily in a portfolio of senior secured floating-rate corporate
loans.

First Trust is led by James M. Dykas as President and Chief
Executive Officer and Derek D. Maltbie as Chief Financial Officer
and Chief Accounting Officer.

The Fund can be reach through:

James M. Dykas
First Trust Senior Floating Rate Income Fund II
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
Telephone: (630) 765-8000

About LogMeIn, Inc.

GoTo Technologies USA, Inc., formerly LogMeIn Inc., is a software
as a service company that provides unified communication and IT
management software.


LOOP MEDIA: Receives $268,035 Acceleration Notice from AFG
----------------------------------------------------------
Loop Media, Inc. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that on August 6, 2025, it
received formal Notices of Acceleration from Alliance Funding Group
("AFG") declaring the full remaining balance owing on the two
Equipment Financing Agreements by and between the Company and AFG,
each dated October 9, 2024, immediately due and payable.

AFG has demanded an aggregate amount of $268,035 to be paid within
15 days of the date of the Notices.

If the Company is unable to comply with this demand, there can be
no assurance as to whether AFG will exercise its rights under the
default and remedies sections of the Agreements, including
repossession of equipment and/or litigation against the Company.

                         About Loop Media

Headquartered in Burbank, Calif., Loop Media, Inc., a Nevada
corporation, is a multichannel digital video platform media company
that uses marketing technology, or "MarTech," to generate its
revenue and offer its services.  The Company's technology and vast
library of videos and licensed content enable it to curate and
distribute short-form videos to connected televisions ("CTV") in
out-of-home ("OOH") dining, hospitality and retail establishments,
convenience stores and other locations and venues to enable the
operators of those locations to inform, entertain and engage their
customers.  The Company's technology also provides businesses the
ability to promote and advertise their products via digital signage
and provides third-party advertisers with a targeted marketing and
promotional tool for their products and services.

Costa Mesa, California-based Marcum LLP, the Company's auditor
since 2020, issued a "going concern" qualification in its report
dated Dec. 12, 2024, attached to the Company's Annual Report on
Form 10-K for the fiscal year ended September 30, 2024, citing that
the Company has incurred recurring losses resulting in an
accumulated deficit, had negative cash flows used in operations,
and needs to raise additional funds to meet its obligations and
sustain its operations. These conditions raise substantial doubt
about the Company's ability to continue as a going concern.

As of June 30, 2025, the Company had $3.4 million in total assets
against $30 million in total liabilities.


M.L.B. DESIGNS: Hires Weintraub Zolkin as Bankruptcy Counsel
------------------------------------------------------------
M.L.B. Designs, Inc. seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ Weintraub Zolkin
Talerico & Selth LLP as general bankruptcy counsel.

The firm will provide:

   a. advice concerning the Debtor's rights, powers, and duties
under Sections 1107 and 1108 of the Bankruptcy Code;

   b. advice concerning all general administrative matters in the
Bankruptcy Case and dealings with the Office of the United States
Trustee;

   c. representation of the Debtor at all hearings before the
United States Bankruptcy Court involving the Debtor in its capacity
as debtor-in-possession and as reorganized debtor, as applicable,
unless the Debtor is represented in that proceeding or hearing by
other/special counsel;

   d. preparation on the Debtor's behalf, as debtor in possession,
of all necessary schedules and amendments thereto, applications,
motions, orders and other legal papers;

   e. advice to the Debtor regarding matters of bankruptcy law,
including the Debtor's rights and remedies with respect to assets
of the Estate and creditor claims;

   f. representation of the Debtor with regard to all contested
matters;

   g. representation of the Debtor in any litigation commenced by,
or against, the Debtor, provided that such litigation is within the
Firm's expertise and subject to a further engagement agreement with
the Debtor on terms acceptable to the Debtor and the Firm;

   h. representation of the Debtor with regard to the negotiation,
preparation and implementation of a plan of reorganization;

   i. analysis of any secured, priority, or general unsecured
claims that have been filed in the Bankruptcy Case;

   j. negotiation with the Debtor's secured and unsecured creditors
regarding the amount and payment of claims;

   k. objection to claims as may be appropriate; and

   l. performance of all other legal services for the Debtor, in
its capacity as debtor in possession, as may be necessary.

The firm will be paid at these rates:

     David B. Zolkin, Partner          $675
     Derrick Talerico, Partner         $675
     Catherine Liu, Partner            $550
     Paige Rolfe, Associate            $425
     Daniel J. Weintraub, Of Counsel   $750
     James R. Selth, Of Counsel        $585
     Tania Ingman, Of Counsel          $550
     Michael Kim, Of Counsel           $500
     Martha Araki, Paralegal           $295
     Sachie Fritz, Practice Assistant  $175

On May 8, 2025, the Debtor provided the firm with an initial
retainer in the amount of $3,000.00, followed by two further
payments on May 23, 2025 of $20,000 and on June 30, 2025 of
$55,000, for a total of $78,000.

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

Mr. Zolkin 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:

     David B. Zolkin, Esq.
     Weintraub Zolkin Talerico & Selth LLP
     11766 Wilshire Boulevard, Suite 450
     Los Angeles, CA 90025
     Tel: (310) 207-1494
     Email: dzolkin@wztslaw.com

              About M.L.B. Designs, Inc.

M.L.B. Designs Inc., doing business as Harlow's Kitchen Concepts
and Home 101, provides appliance sales, cabinetry, and countertop
solutions in San Bernardino, California. The Company offers in-home
consultations, personalized design services, and project
coordination from planning through installation. Founded in 1921,
it operates as one of Southern California's largest independent
appliance dealers.

M.L.B. Designs Inc. sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-15143) on
July 28, 2025. In its petition, the Debtor reports estimated assets
and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Scott H. Yun handles the case.

The Debtor is represented by:

   David B Zolkin
   Weintraub Zolkin Talerico & Selth LLP
   Tel: (310) 207-1494
   Email: dzolkin@wztslaw.com


MACHINE TOOL: Seeks to Hire Mauriello Accounting as Accountant
--------------------------------------------------------------
Machine Tool Service Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Indiana to employ Michael
Mauriello, CPA of Mauriello Accounting Inc as accountant.

The firm will prepare all pending tax returns for fiscal years
2023, 2024, 2025, and necessary subsequent tax returns.

The firm's standard hourly rate is $250.

Mr. Mauriello assured the court that his firm is a "disinterested
person" within the meaning of 11 U.S.C. 101(11).

The firm can be reached through:

     Michael Mauriello, CPA
     Mauriello Accounting Inc.
     54 S 11 Street
     Terre Haute, IN 47802
     Phone: (812) 299-5302

         About Machine Tool Service Inc.

Machine Tool Service, Inc. filed Chapter 11 petition (Bankr. S.D.
Ind. Case No. 23-80337) on Aug. 24, 2023, with $500,001 to $1
million in both assets and liabilities.

Judge Jeffrey J. Graham oversees the case.

Richard W. Lorenz, Esq., at Hickam & Lorenz, P.C. represents the
Debtor as legal counsel.


MARELLI AUTOMOTIVE: Gets Court OK to Proceed Arbitration in Italy
-----------------------------------------------------------------
Ben Zigterman of Law360 reports that a Delaware bankruptcy judge
agreed to lift the automatic stay on an arbitration in Italy,
ruling that allowing the case to proceed would not prejudice a
company pursuing counterclaims against automotive parts maker
Marelli Corp.

         About Marelli Automotive Lighting USA LLC

Marelli Automotive Lighting USA LLC is a global automotive parts
supplier based in Saitama, Japan. The Company designs and
manufactures advanced technologies for leading automakers,
including lighting systems, electronic components, software
solutions, and interior products. Operating in 24 countries with a
workforce of over 46,000, Marelli also collaborates with
motorsports teams and industry partners on high-performance
component development.

Marelli Automotive Lighting USA LLC and affiliates sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead
Case No. 25-11034) on June 11. 2025. In its petition, the Debtor
reports estimated assets and liabilities between $1 billion and $10
billion each.

Honorable Bankruptcy Judge Brendan Linehan Shannon handles the
case.

The Debtors are represented by Joshua A. Sussberg, P.C., Nicholas
M. Adzima, Esq., and Evan Swager, Esq. at KIRKLAND & ELLIS LLP and
KIRKLAND & ELLIS INTERNATIONAL LLP, and Ross M. Kwasteniet, P.C.
and Spencer A. Winters, P.C. The Debtors' Bankruptcy Co-counsel are
Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and Edward A.
Corma, Esq. at PACHULSKI STANG ZIEHL & JONES LLP. ALVAREZ & MARSAL
NORTH AMERICA, LLC is the Debtors' Restructuring Advisor. PJT
PARTNERS INC. is the Debtors' Investment Banker. KURTZMAN CARSON
CONSULTANTS, LLC, dba VERITA GLOBAL, is the Debtors' Notice &
Claims Agent.


MARI ARI: Seeks Court Approval to Hire TN CPA as Accountant
-----------------------------------------------------------
Mari Ari International, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ TN
CPA as accountant.

The Debtor needs an accountant to provide tax preparation
services.

The firm will be paid on a flat fee basis of $1,650 per annual
income tax return and $525 per quarterly employment tax return.

Tina Nguyen, a certified public accountant at TN CPA, 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:
   
     Tina Nguyen, CPA
     TN CPA
     202 Industrial Blvd., Ste. 504
     Sugar Land, TX 77478
     Telephone: (281) 395-3606
     
                  About Mari Ari International Inc.

Mari Ari International, Inc. doing business as Mari Ari Hair, sells
human hair extensions, wigs, and related accessories. The company
operates a retail boutique in Houston, Texas, offering products and
styling services to individual and professional clients. Its
product line features both synthetic and human hair options with
various styles, colors, and types.

Mari Ari International filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
25-34029) on July 16, 2025, listing up to $1 million in assets and
up to $10 million in liabilities. Sean Lee, authorized
representative, signed the petition.

Judge Eduardo V. Rodriguez oversees the case.

Reese Baker, Esq., at Baker & Associates, represents the Debtor as
counsel.


MARTINI FITNESS: Seeks Chapter 11 Bankruptcy in Massachusetts
-------------------------------------------------------------
On August 19, 2025, Martini Fitness Corp. filed Chapter 11
protection in the District of Massachusetts. 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 Martini Fitness Corp.

Martini Fitness Corp. operates a comprehensive fitness facility at
333 Tosca Drive in Stoughton, Massachusetts, offering indoor
pickleball courts, a full-service gym, a women-only gym, an indoor
pool, track, and wellness amenities.

Martini Fitness Corp. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 25-11714) on August 19,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Christopher J. Panos handles the case.

The Debtor is represented by James P. Ehrhard, Esq. at Ehrhard &
Associates.


MATADOR RESOURCES: S&P Affirms 'BB-' ICR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issuer credit rating on
Matador Resources Co., a Dallas-based crude oil and natural gas
exploration and production (E&P) company, and 'BB-' issue-level
rating on the company's senior unsecured notes. The '3' recovery
rating (rounded estimate: 65%) is unchanged.

The stable outlook reflects S&P's expectation that Matador's
leverage metrics will remain appropriate for the rating over the
next 12 months, including average funds from operations (FFO) to
debt of about 55% for 2025-2026.

Higher shareholder returns--resulting in slower-than-expected debt
repayment--will pressure credit measures below S&P's expectations
for Matador Resources Co.

Nevertheless, S&P believes the increased scale of Matador's
business and consistent operating performance support the current
rating despite weaker credit measures.

Credit measures will weaken slightly below S&P's previous
expectations due to slower-than-expected debt repayment, the
expectation of increasing shareholder returns, and its lower oil
price assumptions. Matador announced a new $400 million share
repurchase program in April 2025. The company previously had only
returned capital to shareholders through its base dividend
(currently about $165 million annually), with remaining free cash
flow after capital expenditure (capex) and the base dividend used
for debt reduction. In the second quarter of this year, the company
repurchased roughly $44 million worth of shares versus repayments
on its reserve-based lending credit facility (RBL) of about $15
million.

S&P said, "Going forward, we assume the company will allocate
roughly half of free operating cash flow (FOCF) after its base
dividend to share buybacks and half to debt reduction. This
represents about $80 million in buybacks and $80 million in debt
repayment in 2025 under our base-case forecast.

"As a result of the company's stronger focus on shareholder returns
and our assumptions for lower oil prices this year, we now expect
FFO to debt of about 55% and debt to EBITDA of 1.5x for 2025-2026,
slightly weaker than our prior forecast for FFO to debt exceeding
60% and debt to EBITDA of 1.3x-1.4x. These levels are also weaker
than peers like Magnolia Oil & Gas Corp. or Chord Energy Corp.,
which we expect to generate more than 150% FFO to debt over the
same period."

Matador strengthened its business through increased scale while
maintaining stable operating performance and expanding its vertical
integration. S&P expects Matador to produce just over 200,000
barrels of oil equivalent (boe) per day in 2025, which is roughly
double what the company produced in 2022. The company's net proven
reserves of about 612 million boe as of year-end 2024 are also
almost double its year-end 2022 reserves. This has brought its
scale more in line with similarly rated oil-weighted peers.

While the company has expanded its operating scale in its core area
in the Delaware basin, it also continued to generate consistent
operating results and maintained cash operating costs and EBIT
break-evens at or below most similarly rated peers. Drilling and
completions (D&C) capex efficiency also improved over this time as
a result of longer laterals, reduced drilling times, and higher
optimization of simul and trimul-frac.

Matador holds a 51% interest in San Mateo Midstream LLC, a joint
venture with Five Point Energy LLC. San Mateo supports Matador's
E&P operations in the Delaware Basin by providing services to
Matador, which include gas gathering and processing, oil gathering
and transportation, and water gathering and disposal. San Mateo
recently expanded its Marlan gas plant, bringing San Mateo's total
gas processing capacity to 720 million cubic feet (MMcf) per day
with 475,000 barrels per day (bbl/d) of water disposal capacity. We
view this ownership as strategically beneficial as it provides flow
assurance to the company and can support future development plans.

Matador's relatively stronger business supports the current rating
despite weaker credit measures. S&P believes the larger operational
scale of Matador's business, combined with consistent operating
performance of its assets and vertical integration through its
midstream joint venture, effectively offsets the risk of weaker
financial measures. Rating upside, however, remains subject to not
only increasing operational scale but also maintaining FFO to debt
consistently above 60%.

S&P's stable outlook reflects its view that Matador's leverage
metrics will remain appropriate for the rating over the next 12
months, including average FFO to debt of about 55% for 2025-2026,
supported by our expectation that the company will continue
generating significant FOCF and repay its RBL facility borrowings
while balancing shareholder returns.

S&P could lower the rating over the next 12 months if it expects
FFO to debt will fall below 45% on a sustained basis. This would
most likely occur if:

-- The company pursues a more aggressive financial policy that
limits debt reduction; or

-- Commodity prices decline below S&P's expectations and Matador
does not offset this by reducing capital spending plans.

Although unlikely over the next 12 months, S&P could raise its
rating if the company continues increasing its operating scale more
in line with higher rated peers while sustaining FFO to debt of
more than 60%.



MAWSON INFRASTRUCTURE: Risks Delisting Over Bid Price Deficiency
----------------------------------------------------------------
As previously disclosed, on February 6, 2025, Mawson Infrastructure
Group Inc. received written notice from the Listing Qualifications
Department of The Nasdaq Stock Market LLC notifying the Company
that for the last 30 consecutive business days prior to the date of
the Bid Price Notice, the closing bid price of the Company's common
stock was less than the $1.00 per share minimum bid price required
for continued listing on The Nasdaq Capital Market, as required by
Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing
Rule 5810(c)(3)(A), the Staff provided the Company with 180
calendar days, or until August 5, 2025, to regain compliance with
the Bid Price Rule.

Mawson Infrastructure disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that on August 6, 2025, the
Company received written notice from the Staff notifying the
Company that it had not regained compliance with the Bid Price Rule
by the Compliance Date and that the Nasdaq Hearings Panel will
consider the Bid Price Deficiency in rendering a determination
regarding the Company's continued listing on The Nasdaq Capital
Market. At its hearing before the Panel, the Company will request
an extension to regain compliance with the Bid Price Rule.

There can be no assurance that the Company will be able to regain
compliance with the Bid Price Rule or maintain compliance with all
other Nasdaq listing requirements. If the Company's request for an
extension is denied or if it fails to regain compliance with
Nasdaq's continued listing standards during any period granted by
the Panel, the Company's common stock will be subject to delisting
from Nasdaq.

                 About Mawson Infrastructure Group

Mawson Infrastructure Group specializes in data centers for Bitcoin
miners and AI firms.

Mawson Infrastructure Group's creditors filed a Chapter 11
involuntary petition against the company (Bankr. D. Del. Case No.
24-12726) on Dec. 4, 2024.  The petitioning creditors include W
Capital Advisors Pty Ltd, Marshall Investments MIG Pty Ltd, and
Rayra Pty Ltd.

The petitioners' counsel is Robert J. Dehney, Esq., at Morris,
Nichols, Arsht & Tunnell.

Judge Mary F. Walrath handles the case.


MEG ENERGY: S&P Assigns 'BB-' ICR, On CreditWatch Positive
----------------------------------------------------------
S&P Global Ratings placed all its ratings on Canadian oil sands
producer MEG Energy Corp., including its 'BB-' issuer and
issue-level ratings, on CreditWatch with positive implications.

The positive CreditWatch placement reflects the likelihood S&P will
raise its ratings on the company following the close of the
acquisition, which S&P expects will occur in fourth-quarter 2025,
subject to a MEG shareholder vote, regulatory approvals, and other
customary closing conditions.

On Aug. 22, 2025, Canadian integrated oil and gas exploration and
production (E&P) company Cenovus Energy Inc. announced an agreement
to acquire Canadian oil sands producer MEG Energy Corp. for C$7.9
billion in cash and stock, inclusive of MEG's net debt.

S&P said, "We placed all of our ratings on MEG, including our 'BB-'
issuer and issue-level credit rating, on CreditWatch with positive
implications. The CreditWatch placement reflects the likelihood we
could raise our issuer and issue-level ratings on MEG following the
close of the transaction to equalize them with Cenovus
(BBB/Negative/--). The transaction values MEG at C$7.9 billion,
including the assumption of its net debt, which stood at about
C$620 million as of June 30, 2025."

Unlike the takeover bid issued by Strathcona Resources Ltd. earlier
this year, this agreement has been approved by the MEG board of
directors. Nevertheless, completion of this transaction remains
subject to receiving approval from 66% of MEG's shareholders.
Assuming the transaction is completed as proposed, S&P will resolve
the CreditWatch placement when the acquisition closes, which it
expects will occur in the fourth quarter of 2025.

The placement of all ratings on CreditWatch with positive
implications reflects the likelihood S&P will raise its ratings on
MEG to equalize them with our ratings on Cenovus upon close of the
transaction--which S&P anticipates in the fourth quarter of
2025--and assuming the transaction is completed as proposed.



MERIT STREET: Norton Rose Represents Broadcast Service Providers
----------------------------------------------------------------
The law firm of Norton Rose Fulbright US LLP ("NRF") filed a
verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure to disclose that in the Chapter 11 case of
Merit Street Media, Inc., the firm represents the Ad Hoc Group of
Broadcast Service Providers.

On July 14, 2025, the members of the Ad Hoc Group retained NRF to
represent the interests of the Ad Hoc Group in connection with the
Debtor's chapter 11 case.

The members of the Ad Hoc Group are (i) CNZ Communications SE, LLC,
(ii) Stryker Media, LLC, (iii) Stryker Media 2 LLC, (iv) Caballero
III, LLC, (v) KVMD TV LLC, (vi) Mountain Broadcasting Corporation,
and (vii) Cunningham Broadcasting Corporation.

NRF has been advised by the individual members of the Ad Hoc Group
that each such member holds disclosable economic interests in
relation to the Debtor.

NRF represents only the Ad Hoc Group and does not represent or
purport to represent any entities other than the Ad Hoc Group,
including the individual members of the Ad Hoc Group, in connection
with the Debtor's chapter 11 case. NRF does not represent the Ad
Hoc Group as a "committee" and does not undertake to represent the
interests of, and is not a fiduciary for, any creditor, party in
interest, or other person.

In addition, the Ad Hoc Group does not represent or purport to
represent, or serve as a fiduciary for, any other person in
connection with the Debtor's chapter 11 case. In addition, each
member of the Ad Hoc Group is acting for its own interest, and does
not purport to act, represent, or speak on behalf of any other
entities, including other affiliated entities that may hold claims
against the Debtor, in connection with the Debtor's chapter 11
cases.

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

1. CNZ Communications SE, LLC
   2346 Victory Park Ln
   Dallas, TX 75219
   Attn: Randy Nonberg
   * $629,286.09

2. Stryker Media, LLC
   2346 Victory Park Ln
   Dallas, TX 75219
   Attn: Randy Nonberg
   * $170,591.46

3. Stryker Media 2, LLC
   2346 Victory Park Ln
   Dallas, TX 75219
   Attn: Randy Nonberg
   * $761,921.22

4. Caballero III, LLC
   2346 Victory Park Ln
   Dallas, TX 75219
   Attn: Randy Nonberg
   * $204,566.97

5. KVMD TV LLC
   2323 Corinth Avenue
   Los Angeles, CA 90064
   Attn: Ron Ulloa
   * $655,200.00

6. Mountain Broadcasting Corporation
   c/o New Vision Services, LLC
   99 Clinton Road
   West Caldwell, NJ 07006
   Attn: Victor Joo
   * $1,811,084.34

7. Cunningham Broadcasting Corporation
   2000 W. 41st Street Baltimore,
   MD 21211
   Attention: Michael Anderson
   * $953,000.04

The law firm can be reached at:

     NORTON ROSE FULBRIGHT US LLP
     Toby L. Gerber, Esq.
     Kristian W. Gluck, Esq.
     Jason I. Blanchard, Esq.
     Michael C. Berthiaume, Esq.
     2200 Ross Avenue, Suite 3600
     Dallas, TX 75201-7932
     Telephone: (214) 855-8000
     Facsimile: (214) 855-8200
     Email: toby.gerber@nortonrosefulbright.com
            kristian.gluck@nortonrosefulbright.com
            jason.blanchard@nortonrosefulbright.com
            michael.berthiaume@nortonrosefulbright.com

       About Merit Street Media

Merit Street Media is a television and media content production and
distribution company based in Fort Worth, Texas. It appears to
focus on creating, producing, and distributing television content,
maintaining business relationships with major cable providers
including DIRECTV and DISH Network, as well as numerous television
stations and production companies.

Merit Street Media sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80156) on July 2,
2025, before the Hon. Scott W. Everett. In its petition, the Debtor
reports estimated assets and liabilities between $100 million and
$500 million.

The Debtor is represented by Sidley Austin LLP as bankruptcy
counsel. Epiq Corporate Restructuring, LLC serves as Claims,
Noticing, and Solicitation Agent, effective as of the Petition
Date.


MG LOGISTICS: Seeks to Hire Goldstein & McClintock as Counsel
-------------------------------------------------------------
MG Logistics Incorporated seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to hire Goldstein &
McClintock LLLP as counsel.

The Debtor requires legal counsel to:

     (a) give advice with respect to the powers and duties of the
Debtor in the continued management and operation of its business;

     (b) attend meetings and negotiate with representatives of
creditors and other parties involved in the Debtor's Chapter 11
case;

     (c) take all necessary action to protect and preserve the
Debtor's estate;

     (d) prepare legal papers;

     (e) take any necessary action on behalf of the Debtor to
obtain approval of a disclosure statement and confirmation of the
Debtor's plan of reorganization;

     (f) represent the Debtor in connection with obtaining use of
cash collateral and post-petition financing (to the extent
necessary);

     (g) advise the Debtor in connection with any potential sale of
assets;

     (h) appear before the bankruptcy court, any appellate courts,
and the U.S. trustee; and

     (i) perform all other necessary legal services to the Debtor
in connection with the Chapter 11 case.

The hourly rates of the firm's attorneys and staff are as follows:

     Matthew E. McClintock, Partner    $675
     Josh Grenard, Partner             $675
     Aaron Harburg, Associate          $375

     Senior Partners                $375 to $925
     Legal Assistants/Law Clerks    $170 to $235

The firm received an advance payment retainer in the total amount
of $50,000.

In addition, the firm will seek reimbursement for expenses
incurred.
      
Matthew McClintock, Esq., a partner at Goldstein & McClintock,
disclosed in a court filing that his firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Matthew E. McClintock, Esq.
     GOLDSTEIN & MCCLINTOCK LLLP
     111 W. Washington Street, Suite 1221
     Chicago, IL 60602
     Telephone: (312) 337-7700
     Facsimile: (312) 277-2310
     Email: mattm@goldmclaw.com

         About MG Logistics Incorporated

MG Logistics Incorporated provides freight transportation services
across the U.S. The Company operates from Huntley, Illinois, and is
authorized for interstate trucking.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-10269) on July 4,
2025. In the petition signed by Vassil Bayraktarov, authorized
representative of the Debtor, the Debtor disclosed up to $50
million in both assets and liabilities.

Judge Donald R. Cassling oversees the case.

Jeffrey C. Dan, Esq., at Goldstein & McClintock, LLLP, represents
the Debtor as legal counsel.


MODIVCARE INC: S&P Downgrades ICR to 'D' on Bankruptcy Filing
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on ModivCare
Inc. to 'D' from 'CCC+'.

At the same time, S&P lowered its issue-level rating on ModivCare's
first-lien debt to 'D' from 'B-' and its issue-level rating on its
second-lien and senior unsecured notes to 'D' from 'CCC-'.

On Aug. 20, 2025, ModivCare Inc. filed for voluntary Chapter 11
bankruptcy protection.

S&P downgraded ModivCare following its Chapter 11 bankruptcy
filing. As part of the filing, the company announced it had reached
an agreement with more than 90% of its first-lien lenders and more
than 70% of its second-lien lenders.

A comprehensive restructuring of the company's debt obligations and
capital structure. The restructuring support agreement will provide
ModivCare with $100 million of debtor-in-possession (DIP)
financing, which it will use to finance its operations and pay
bankruptcy-related expenses. Upon its emergence from bankruptcy,
the DIP loan will be converted into a $300 million exit term loan.
The agreement will also provide ModivCare with a new $250 million
revolving credit facility following its reorganization.

The restructuring plan involves the conversion of the company's
existing debt into equity. As part of the restructuring, ModivCare
will exchange approximately $871 million of first-lien debt for
$200 million of exit debt and a 98% stake in the reorganized
company's equity, subject to dilution. Similarly, the company will
convert its about $316 million of second-lien debt into a 2% equity
stake, which is also subject to dilution. This restructuring will
reduce ModivCare's total outstanding funded debt obligations by
approximately $1.1 billion--which represents about 85% of its total
funded debt--and materially lower its annual cash interest expenses
by providing its creditors with ownership of the company.

S&P does not expect there to be any changes to ModivCare's service
offerings or business operations as part of the agreement. The
company intends to exit the restructuring process and close the
transaction early in the fourth quarter of 2025.

ModivCare's bankruptcy filing follows its persistently weak
operating performance, including continued cash flow deficits and
EBITDA margin pressure due to delayed contract repricing and the
ongoing transfer of shared-risk contracts to fee-for-service
contracts.

S&P expects to withdraw its ratings on ModivCare in the next 30
days.



MODIVCARE: Represented by Latham & Watkins in Restructuring
-----------------------------------------------------------
Restructuring & Special Situations team represents the
technology-enabled healthcare services company in its pre-arranged
Chapter 11 process to strengthen its future, reduce debt and inject
capital.

Modivcare has executed a restructuring support agreement with more
than 90% of its first lien lenders and more than 70% of its second
lien lenders to consummate this comprehensive restructuring. The
Company will consummate this transaction through chapter 11 cases,
which have been commenced in the U.S. Bankruptcy Court for the
Southern District of Texas. Restructuring and Special Situations
partners Ray C. Schrock, Keith Simon and George Klidonas are
leading the Latham team, and complemented by Latham's world class
liability management, corporate, litigation, healthcare,
regulatory, and tax teams.

                       About ModivCare Inc.

ModivCare Inc. is a technology-enabled healthcare services company
that provides a suite of integrated supportive care solutions for
public and private payors and their members.

At December 31, 2024, ModivCare had $1,654,332,000 in total assets
against $1,692,806,000 in total liabilities.

                           *     *     *

As reported by the Troubled Company Reporter in March 2025, S&P
Global Ratings lowered its Company credit rating on ModivCare Inc.
to 'CCC+' from 'B'. The outlook is negative.


MP OCTOPUS: Gets Extension to Access Cash Collateral
----------------------------------------------------
MP Octopus Pizza, LLC and its affiliates received fifth interim
approval from the U.S. Bankruptcy Court for the Middle District of
Florida to continue to use the cash collateral of secured
creditors.

The fifth interim order authorized the Debtors to use cash
collateral to pay amounts expressly authorized by the court,
including payments of the U.S trustee's quarterly fees; expenses
set forth in the budget, plus an amount not to exceed 10% for each
line item; and additional amounts subject to approval by ConnectOne
Bank. This authorization will continue until further order of the
court.

As protection, ConnectOne Bank and other creditors with a security
interest in cash collateral will have a perfected post-petition
liens on the cash collateral to the same extent and with the same
validity and priority as their pre-bankruptcy liens.

To the extent of any diminution in value of its collateral, CNOB
will have a superpriority administrative expense claim under
Section 507(b) that is senior to all other administrative
expenses.

In addition, the Debtors were ordered to keep their property
insured in accordance with their obligations under the loan and
security documents with secured creditors.

The next hearing is scheduled for August 28.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/rz4sL from PacerMonitor.com.

                      About MP Octopus Pizza LLC

MP Octopus Pizza LLC, doing business as Marco's Pizza, filed
Chapter 11 petition (Bankr. M.D. Fla. Case No. 24-06739) on
November 15, 2024, with $50,001 to $100,000 in assets and $500,001
to $1 million in liabilities. Terry Burkholder, manager of MP
Octopus Pizza, signed the petition.

Judge Catherine Peek McEwen oversees the case.

Buddy D. Ford, Esq., at Buddy D. Ford, P.A. is the Debtor's legal
counsel.

ConnectOne Bank is represented by:

   Matthew A. Barish, Esq.
   One Boca Place
   2255 Glades Road, Suite 300E
   Boca Raton, FL 33431
   Phone: (646) 563-8958
   mbarish@coleschotz.com
   vfink@coleschotz.com

   -- and --

   James T. Kim, Esq.
   Court Plaza North
   25 Main Street  
   Hackensack, NJ 07601
   Phone: (201) 525-6210
   jkim@coleschotz.com
   vfink@coleschotz.com


MY JOB MATCHER: Committee Taps Greenberg Traurig as Legal Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of My Job Matcher,
Inc. seeks approval from the U.S. Bankruptcy Court for the District
of Delaware to employ Greenberg Traurig, LLP as its counsel.

The firm will render these services:

     (a) advise the Committee with respect to its rights, duties,
and powers in these Cases;

     (b) assist and advise the Committee in its consultations with
the Debtors in connection with the administration of these Cases;

     (c) assist the Committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors, operation of the Debtors' businesses and the desirability
of continuing or selling such businesses and/or assets under
Bankruptcy Code section 363, the formulation of a chapter 11 plan,
and other matters relevant to these Cases;

     (d) assist the Committee in analyzing the claims of the
Debtors' creditors and the Debtors' capital structure and in
negotiating with holders of claims and equity interests, including
analysis of possible objections to the nature, extent, validity,
priority, amount, subordination, or avoidance of claims and/or
transfers of property in consideration of such claims;

     (e) advise and represent the Committee in connection with
matters generally arising in these Cases, including the obtaining
of credit, the sale of assets, and the rejection or assumption of
executory contracts and unexpired leases;

     (f) appear before this Court, and any other federal, state, or
appellate court;

     (g) prepare, on behalf of the Committee, any pleadings,
including without limitation, motions, memoranda, complaints,
objections, and responses to any of the foregoing; and

     (h) perform such other legal services as may be required or
are otherwise deemed to be in the interests of the Committee in
accordance with the Committee's powers and duties as set forth in
the Bankruptcy Code, Bankruptcy Rules, or other applicable law.

The firm's current hourly rates are:

     Shareholders     $615 to $1,890
     Of Counsel       $550 to $1,865
     Associates       $495 to $1,000
     Paralegals       $500 to $655

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

Dennis Meloro, Esq., a partner at Greenberg Traurig, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

   Dennis A. Meloro, Esq.
   GREENBERG TRAURIG, LLP
   222 Delaware Avenue, Suite 1600
   Wilmington, DE 19801
   Telephone: (302) 661-7000
   Email: Dennis.Meloro@gtlaw.com

          About My Job Matcher Inc.

My Job Matcher, Inc. owns the Job.com platform, which has been
developed to a cutting-edge, AI-driven recruitment platform.

On July 6, 2025, My Job Matcher, Inc., and seven affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11280). In
its petition, the Debtor reports estimated assets between $10
million and $50 million and liabilities ranging from $50 million to
$100 million. The case is pending before the Honorable Karen B.
Owens.  

The Debtors tapped Morris James, LLP, as counsel, and Corliss Moore
& Associates, as financial advisor.  Stretto is the claims agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Greenberg Traurig, LLP as counsel.

The DIP Lenders and Prepetition Lenders are represented by Geoffrey
T. Raicht, PC and Chipman Brown Cicero & Cole, LLP.  Ankura Trust
Company, LLC, which serves as the Agent under the DIP loan and the
prepetition credit facility, is represented by A&O Shearman and
Chipman Brown Cicero & Cole, LLP.

Creditors Venture Debt, LLC and SOJA Ventures, LLC are represented
by Bayard, P.A. and Varnum LLP.  Lily Grace Investments PTY Ltd.,
another creditor, is represented by K&L Gates LLP.


MY JOB MATCHER: Taps CorlissMoore to Provide CEO, CAO, and COO
--------------------------------------------------------------
My Job Matcher, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to employ CorlissMoore & Associates,
LLC to provide Robert J. Corliss as chief executive officer,
Benjamin Gross as chief administrative officer, Bobby Corliss as
chief operating officer and additional staff.

The firm will render these services:

     a. serve as management for the Debtor;

     b. evaluate the Debtors' financial condition, capital
structure, and business operations;

     c. prepare financial analyses, projections, and other
materials necessary for the Chapter 11 cases, including liquidity
forecasts, budgets and business plans;

     d. consider, evaluate and direct such actions as necessary in
connection with the sale of substantially all of the Debtors'
assets or other strategic transactions under Section 363 or 365 of
the Bankruptcy Code, to the extent applicable;

     e. consider, evaluate and direct the implementation of a plan
of liquidation, including negotiations with creditors, equity
holders and other stakeholders, to the extent applicable;

     f. confer with and direct the Debtors' professionals,
including counsel, and the Debtors' investment bankers;

     g. provide testimony or other support in the Bankruptcy Court
proceedings as reasonably required;

     h. communicate with the United States Trustee, creditors'
committees, and other parties in interest; and

     i. perform other services for the Debtors as necessary and
consistent with the Debtors' needs in the Chapter 11 cases, as
consistent with the Engagement Letter.

CorlissMoore will be compensated at these fees:

     a. Monthly Fee: $200,000 per month, $135,000 payable in
advance on the first business day of each month, with the first
payment prorated for any partial month. The remainder, $65,000 per
month, shall accrue and be paid immediately upon the (i) earlier of
termination of this Agreement, or (ii) sale of Debtors' assets, or
(ii) approval of confirmation of a Chapter 11 plan. CorlissMoore
shall be compensated for the Additional Personnel as follows:

           Director      $3,200 day
           Manager       $2,400 day
           Analyst       $1,600 day

     b. Success Fee: a success fee equal to (i) three percent of
any proceeds between $17.5 million and $30 million, and (ii) five
percent over $30 million in realized gain from the sale,
monetization, or disposition of the Debtors or its assets to a
third party other a credit bid by existing creditors, whether
occurring during the Chapter 11 process or following Plan
confirmation. CorlissMoore will seek approval of the Success Fee
following closing of the sale and/or disposition of the Debtors'
assets.

    c. Expense Reimbursement: Reasonable and documented
out-of-pocket expenses, including travel, lodging, and other
necessary costs.

Robert Corliss, founder and principal of CorlissMoore & Associates,
disclosed in a court filing that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Robert J. Corliss
     CorlissMoore & Associates, LLC
     1743 Sidewinder Drive, 1st Floor,
     Park City, UT 84060
     Email: info@corlissmoore.com

          About My Job Matcher Inc.

My Job Matcher, Inc. owns the Job.com platform, which has been
developed to a cutting-edge, AI-driven recruitment platform.

On July 6, 2025, My Job Matcher, Inc., and seven affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11280). In
its petition, the Debtor reports estimated assets between $10
million and $50 million and liabilities ranging from $50 million to
$100 million. The case is pending before the Honorable Karen B.
Owens.  

The Debtors tapped Morris James, LLP, as counsel, and Corliss Moore
& Associates, as financial advisor.  Stretto is the claims agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Greenberg Traurig, LLP as counsel.

The DIP Lenders and Prepetition Lenders are represented by Geoffrey
T. Raicht, PC and Chipman Brown Cicero & Cole, LLP.  Ankura Trust
Company, LLC, which serves as the Agent under the DIP loan and the
prepetition credit facility, is represented by A&O Shearman and
Chipman Brown Cicero & Cole, LLP.

Creditors Venture Debt, LLC and SOJA Ventures, LLC are represented
by Bayard, P.A. and Varnum LLP.  Lily Grace Investments PTY Ltd.,
another creditor, is represented by K&L Gates LLP.



NAPA FORD: Hires Law Offices of Michael Jay Berger as Counsel
-------------------------------------------------------------
Napa Ford Lincoln Mercury Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to hire
the Law Offices of Michael Jay Berger to serve as its general
bankruptcy counsel.

The firm will provide these services:

   (a) communicate with creditors of the Debtor;

   (b) review the Debtor's Chapter 11 bankruptcy petition and all
supporting schedules to determine if amendments are needed;

   (c) advise the Debtor of its legal rights and obligations in a
bankruptcy proceeding;

   (d) work to bring the Debtor into full compliance with reporting
requirements of the Office of the United States Trustee;

   (e) prepare status reports as required by the Court;

   (f) respond to any motions filed in Debtor's bankruptcy
proceeding;

   (g) respond to creditor inquiries;

   (h) review proofs of claim filed in Debtor's bankruptcy;

   (i) object to inappropriate claims;

   (j) prepare Notices of Automatic Stay in all state court
proceedings in which the Debtor is sued during the pending of
Debtor's bankruptcy proceeding; and

   (k) if appropriate, prepare a Chapter 11 Plan of Reorganization
for the Debtor.

The firm will be paid at these rates:

     Michael Jay Berger                  $695 per hour
     Sofya Davtyan                       $645 per hour
     Angela Gill                         $595 per hour
     Robert Poteete                      $475 per hour
     Senior paralegals and law clerks    $275 per hour
     Bankruptcy paralegals               $200 per hour

The firm received a retainer in the amount of $25,000, plus $1,738
filing fee.

The Law Offices of Michael Jay Berger is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code,
according to court filings.

The firm can be reached at:

     Michael Jay Berger, Esq.
     Sofya Davtyan, Esq.
     LAW OFFICES OF MICHAEL JAY BERGER
     9454 Wilshire Boulevard, 6th Floor
     Beverly Hills, CA 90212
     Tel: (310) 271-6223
     Fax: (310) 271-9805
     E-mail: Michael.Berger@bankruptcypower.com
             Sofya.Davtyan@bankruptcypower.com

        About Napa Ford Lincoln Mercury Inc.

Napa Ford Lincoln Mercury Inc. operates as an automotive dealership
offering new and used Ford and Lincoln vehicles. The Company
provides vehicle sales, parts, and maintenance services at its
location in Napa, California.

Napa Ford Lincoln Mercury Inc. relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-10450) on July 24,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Judge Charles Novack oversees the case.

The Debtor is represented by Michael Jay Berger, Esq., at the Law
Offices of Michael Jay Berger.



NBG HOME: FS KKR Marks $32.7MM 1L Loan at 87% Off
-------------------------------------------------
FS KKR Capital Corp. has marked its $32,700,000 loan extended to
NBG Home to market at $4,300,000 or 13% of the outstanding amount,
according to FS KKR's Form 10-Q for the fiscal year ended June 30,
2025, filed with the U.S. Securities and Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to NBG
Home. The loan accrues interest at a rate of 10% per annum. The
loan matures on March 2026.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         About NBG Home

NBG Home is a global manufacturer of unrivaled home decor products
that are loved by consumers and retailers alike.


NEW ERA: FS KKR Marks $24.9MM 1L Loan at 40% Off
------------------------------------------------
FS KKR Capital Corp. has marked its $24,900,000 loan extended to
New Era Technology Inc. to market at $15,200,000 or 60% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to New
Era Technology Inc. The loan accrues interest at a rate of 6.30%
per annum. The loan matures on October 2026.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

          About New Era Technology Inc.

New Era Technology Inc. is a global managed technology service
provider.


NEW ERA: FS KKR Marks $4.7MM 1L Loan at 40% Off
-----------------------------------------------
FS KKR Capital Corp. has marked its $4,700,000 loan extended to New
Era Technology Inc. to market at $2,800,000 or 60% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to New
Era Technology Inc. The loan accrues interest at a rate of 6.30%
per annum. The loan matures on October 2026.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

     About New Era Technology Inc.

New Era Technology Inc. is a global managed technology service
provider.


NEW YORK: Seeks to Hire Collins Vella & Casello as Legal Counsel
----------------------------------------------------------------
New York Concourse, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to employ Collins, Vella &
Casello LLC as counsel.

The firm will provide these services:

     (a) represent the Debtor in a Chapter 11 case;

     (b) examine the Debtor's financial affairs; and

     (c) assist the Debtor in preparing, filing and confirming a
Chapter 11 plan of reorganization.

Joseph Casello, Esq., the primary attorney in this representation,
will be billed at his hourly rate of $500.

The firm received a retainer of $7,762 plus the filing fee.

Mr. Casello 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:
   
     Joseph M. Casello, Esq.
     Collins, Vella & Casello LLC
     2430 Highway 34, B12
     Manasquan, NJ 08736
     Telephone: (732) 751-1766
     
                   About New York Concourse LLC

New York Concourse LLC is a single asset real estate company based
in Neptune, New Jersey, with its principal place of business at
1401 Highway 35.

New York Concourse LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 25-17807) on July 1, 2025.
In its petition, the Debtor disclosed between $1 million and $10
million in both assets and liabilities.

Honorable Bankruptcy Judge Christine M. Gravelle handles the case.

The Debtor is represented by Joseph Casello, Esq., at Collins,
Vella & Casello LLC.


NEWFOLD DIGITAL: Fitch Lowers IDR to 'CCC-', On Watch Negative
--------------------------------------------------------------
Fitch Ratings has downgraded the Long-Term Issuer Default Ratings
(IDRs) for Newfold Digital Holdings Group, Inc. and its
subsidiaries, Newfold Digital, Inc. and Web.com Group, Inc.
(collectively, Newfold) to 'CCC-' from 'CCC+'. Fitch has also
downgraded the $275 million and $105 million first lien secured
RCFs, $2.4 billion first lien term loan, and $515 million secured
notes to 'CCC' with a Recovery Rating of 'RR3' from 'B'/'RR2' and
$685 million unsecured notes to 'CC'/'RR5' from 'CCC-'/'RR6'. Fitch
has also placed Newfold's IDR and debt on Rating Watch Negative
(RWN).

The downgrade and RWN reflect heightened liquidity and refinancing
risks. The RCFs are due in less than six months, and the company
lacks sufficient liquidity to repay the drawn amounts. Fitch
expects continued weak revenue growth to further weaken credit
protection metrics and increase the likelihood of a distressed debt
exchange.

Key Rating Drivers

Heightened Liquidity and Refinancing Risks: Newfold faces near-term
liquidity and refinancing risks for its $380 million RCFs, which
mature in less than six months now (February 2026). The company has
insufficient cash to fully pay down the drawn revolver amount.
Newfold reported a cash balance of about $118 million as of June
2025, and Fitch expects the company to generate low single-digit
FCF in 2025. The availability of cash in hand and FCF is still
inadequate to repay the $223 million outstanding revolver balance.
Therefore, extending the maturity or refinancing the revolver is
extremely crucial for Newfold to continue functioning smoothly and
to avoid payment default.

Highly Competitive Industry: Newfold's products and services
operate in a highly fragmented market with competitors of various
sizes. Over the past few quarters, overall revenue has declined
modestly. This was primarily due to the overhaul of some legacy
products, slower ramp-up of growth products, increased competition
resulting in higher customer acquisition costs, and elevated churn
among low-value customers.

Fitch expects Newfold to continue facing intense competition across
its brands, with negative revenue growth projected in 2025. The
company primarily competes with GoDaddy, Wix, and Squarespace.
Despite these challenges, Newfold remains one of the largest
providers serving the small and medium-sized business (SMB) segment
and addressing a broad range of web presence needs.

Near-Term Credit Metrics Stressed: Newfold is investing in sales
and marketing to acquire new customers amid increased competition,
but its growth initiatives are taking longer to ramp up than
management expected. This has resulted in short-term depressed
revenue and profitability. Although Fitch expects FCF to remain
positive in 2025, deleveraging prospects are uncertain compared
with its previous projections. Fitch-calculated FCF margins are
projected at 5%-6% after 2026. Fitch expects revenue growth and
profitability to normalize as Newfold's growth initiatives gain
traction and it benefits from brand consolidations, helping it
regain long-term competitiveness.

Elevated Leverage Levels: Newfold's Fitch-calculated 2025 EBITDA
leverage is projected to be about 7.5x due to reduced profitability
and high debt levels. Fitch forecasts Newfold's leverage to
gradually decline below 7.0x from 2027, with a combination of
revenue growth and profitability. In addition, Newfold's private
equity ownership structure is likely to maintain some level of
financial leverage as it optimizes ROE by investing in growth over
voluntary debt repayment.

Meaningful SMB Exposure: Newfold offers web presence products for
SMB customers with limited technical resources to maintain their
digital presence, including domains, hosting, website development,
and security products. The SMB segment generally has high failure
rates, resulting in high churn. Newfold's revenue depends on
replacing churned customers with new ones and cross-selling.
Exposure to SMB customers also exposes the company to the cyclical
impact of economic cycles, which could lead to cash flow volatility
during periods of economic stress.

Significant Customer Diversification: Newfold has a highly
diversified customer base with about 7 million subscribers, with
hosting and domains representing nearly equal revenue contributions
of 40% each. The diverse customer base effectively minimizes
idiosyncratic risks associated with individual end-markets and
should reduce revenue volatility for Newfold.

Peer Analysis

Newfold's IDR reflects its constrained liquidity, high leverage and
weak revenue growth. The company benefits from strong recurring
revenues and EBITDA margins in the mid-30s. The ratings also
reflect Fitch's expectation that Newfold's revenue growth will be
negative in 2025 due to the highly competitive landscape and the
overhaul of its legacy products. The company's leverage was about
7.0x for the LTM ending Q2'25, and Fitch expects it to remain in
the range of 7.0x to 8.0x over the rating horizon.

Newfold's recurring revenue model, profitability and leverage
profile are consistent with 'B' rated software peers, including
Constant Contact (B/ Stable) and RealPage (B/ Stable). Newfold and
Constant Contact are both leaders in their niche markets. However,
their ratings are constrained by elevated leverage profile and SMB
exposure, which could result in revenue volatility during period of
extended economic weakness.

Fitch rates Newfold five notches lower than Constant Contact due to
the former's heightened liquidity and refinancing risks.
Additionally, Fitch expects Newfold to maintain some level of
financial leverage as a private equity-owned company as equity
owners optimize capital structures to maximize return on equity.

Key Assumptions

- Negative organic revenue growth in 2025 and in the low-single
digits thereafter;

- EBITDA margins in the low-to-mid 30s over the forecast horizon;

- Capex at approximately 4.0% of revenue;

- Refinancing of the revolver facilities and term loan before
maturity;

- Interest rate forecasted to be 3.5% fixed for term loan and
revolver facility, with 4.2%, 4.0%, 3.8% and 3.8% secured overnight
financing rates (SOFRs) through 2028;

- No acquisitions or dividends assumed.

Recovery Analysis

Key Recovery Rating Assumptions

- The recovery analysis assumes that Newfold would be recognized as
a going concern in bankruptcy rather than liquidated;

- Fitch assumed a 10% administrative claim.

Going-Concern (GC) Approach

A bankruptcy scenario could occur if Newfold faced prolonged
macroeconomic headwinds impact its SMB customer base and there is
increased competition, resulting in multi-year aggregate revenue
declines. In conjunction with revenue decline, if EBITDA margins
fail to expand beyond current levels, Fitch assumes Newfold's GC
EBITDA to be approximately $400 million. The GC EBITDA estimate
reflects Fitch's view of a sustainable, post-reorganization EBITDA
level upon which Fitch bases the enterprise valuation. Fitch
assumes an adjusted distress enterprise valuation (EV) of $2.34
billion.

Fitch assumes that Newfold will receive going-concern recovery
multiple of 6.5x. The estimate considers several factors, including
the highly recurring nature of the revenue, the company's positive
FCF generation and leadership market position. The EV multiple is
supported by:

- The median reorganization EV/EBITDA multiple for the 71 TMT
bankruptcy cases that had sufficient information for an exit
multiple estimates to be calculated was 5.9x. Of these companies,
five were in the software sector: Allen Systems Group, Inc (8.4x);
Avaya, Inc. (2023: 7.5x, 2017: 8.1x); Aspect Software Parent, Inc.
(5.5x), Sungard Availability Services Capital, Inc. (4.6x), and
Riverbed Technology Software (8.3x);

- The highly recurring nature of Newfold's revenue is somewhat
offset by its SMB market exposure, resulting in an EBITDA multiple
that is above mid-point of the range.

- As a result of these considerations, Fitch rates the first lien
term loan, bonds and revolver 'CCC'/'RR3' and the unsecured bonds
'CC'/'RR5'.

RATING SENSITIVITIES

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

- Increased likelihood of default due to failure to successfully
refinance revolver facilities ahead of maturity;

- (CFO-capex)/debt sustained below 0%.

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

- Successful refinancing of revolver facilities ahead of maturity;

- (CFO-capex)/debt sustained above 0%;

- Fitch's expectation of EBITDA leverage below 7.5x on a sustained
basis.

Liquidity and Debt Structure

Newfold reported about $118 million of cash on its balance sheet
and $155 million availability on its RCFs ($380 million total
capacity) as of June 2025. The company has insufficient cash to
fully pay down the drawn revolver amount, including FCF in
low-single digits in fiscal 2025. Fitch expects the extension or
refinancing of the RCF to be crucial for operations to continue
smoothly and to meet near-term debt obligations.

Newfold has staggered maturities from 2026 through 2029. As of
March 2025, two tranches of RCFs ($223 million outstanding) are due
within six months; a $2,400 million first lien secured term loan
matures in 2028 ($2,275 million outstanding); the $515 million
senior secured notes mature in 2028 ($507 million outstanding); and
$685 million unsecured notes mature in 2029 ($491 million
outstanding).

Issuer Profile

Newfold Digital is a provider of web presence solutions primarily
serving the SMB markets. Its products include internet domains,
hosting, websites, eCommerce, and related products, including
brands such as Web.com and Bluehost. Domains and hosting contribute
to approximately 80% of total revenue.

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

Newfold Digital Holdings Group, Inc. has an ESG Relevance Score of
'4' for Governance Structure due to aggressive and opportunistic
shareholder practices. This is reflected in the ineffectiveness in
addressing near-term revolver maturities and refinancing them
before they turned current, which has a negative impact on the
credit profile, and is relevant to the ratings 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           Recovery   Prior
   -----------                ------           --------   -----
Newfold Digital
Holdings Group, Inc.    LT IDR CCC- Downgrade             CCC+

   senior unsecured     LT     CC   Downgrade    RR5      CCC-

   senior secured       LT     CCC  Downgrade    RR3      B

Newfold Digital, Inc.   LT IDR CCC- Downgrade             CCC+

   senior secured       LT     CCC  Downgrade    RR3      B

Web.com Group, Inc.     LT IDR CCC- Downgrade             CCC+

   senior secured       LT     CCC  Downgrade    RR3      B


NIKOLA CORP: Antara Capital Steps Down as Committee Member
----------------------------------------------------------
The U.S. Trustee for Region 3 disclosed in a court filing the
resignation of Antara Capital, LP from the official committee of
unsecured creditors in the Chapter 11 cases of Nikola Corp. and its
affiliates.

As of August 20, the remaining members of the committee are:

     1. Hexagon Purus GmbH
        Attn: Ashley Remillard
        3335 Susan Street
        Costa Mesa, CA 926263
        Phone: 949-396-7413
        Ashley.remillard@hexagongroup.com

     2. Aztek Technologies S.A. DE C.V.
        Attn: Juan Jose Ochoa Renteria
        Carretera Monterrey Garcia Km 3
        AV FINSA 3203
        Parque Industrial FINSA
        Santa Catarina, Nuevo Leon C.P. 66367
        Mexico
        Phone: +81.80.48.04.00
        jochoa@aztektec.com

     3. Proterra Powered LLC
        Attn: Ben Haydock and Jen Miller
        1815 Rollins Road
        Burlingame, CA 94010
        bhaydock@proterra.com
        jmiller5@proterra.com

                        About Nikola Corp.

Nikola Corporation and affiliates specialize in the design and
manufacture of zero-emissions commercial vehicles, including
battery-electric and hydrogen fuel cell trucks. The companies
operate in two business units: Truck and Energy. The Truck business
unit is commercializing heavy-duty commercial hydrogen-electric
(FCEV) and battery-electric (BEV) Class 8 trucks that provide
environmentally friendly, cost-effective solutions to the short,
medium and long-haul trucking sectors. The Energy business unit is
developing hydrogen fueling infrastructure to support FCEV trucks
covering supply, distribution and dispensing. Founded in 2015,
Nikola is headquartered in Phoenix, Ariz.

Nikola and nine of its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-10258)
on February 19, 2025.  In the petitions, the Debtors reported total
assets as of Jan. 31, 2025 of $878,094,000 and total debts as of
Jan. 31, 2025 of $468,961,000.  

Honorable Bankruptcy Judge Thomas M. Horan handles the cases.

Potter Anderson & Corroon LLP serves as general bankruptcy counsel
to the Debtors, and Pillsbury Winthrop Shaw Pittman LLP serves as
bankruptcy co-counsel.  Houlihan Lokey Capital, Inc. acts as
investment banker to the Debtors; M3 Advisory Partners LP acts as
financial advisor to the Debtors; while EPIQ Corporate
Restructuring LLC is the Debtors' claims and noticing agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Morrison & Foerster LLP and Morris James, LLP as
legal counsels; Ducera Securities, LLC as investment banker; and
FTI Consulting, Inc. as financial advisor.


NIKOLA CORP: Multi-Court Settlements Reach $33.75MM in Delaware
---------------------------------------------------------------
Jeff Montgomery of Law360 reports that multiple court settlements
have led to a proposed $33.75 million payout to stockholders who
alleged in state and federal direct and derivative suits that they
were misled in the transactions that brought electric vehicle maker
Nikola Corp. public.

               About Nikola Corp.

Nikola Corporation and affiliates specialize in the design and
manufacture of zero-emissions commercial vehicles, including
battery-electric and hydrogen fuel cell trucks. The companies
operate in two business units: Truck and Energy. The Truck business
unit is commercializing heavy-duty commercial hydrogen-electric
(FCEV) and battery-electric (BEV) Class 8 trucks that provide
environmentally friendly, cost-effective solutions to the short,
medium and long-haul trucking sectors. The Energy business unit is
developing hydrogen fueling infrastructure to support FCEV trucks
covering supply, distribution and dispensing. Founded in 2015,
Nikola is headquartered in Phoenix, Ariz.

Nikola and nine of its affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-10258)
on February 19, 2025.  In the petitions, the Debtors reported total
assets as of Jan. 31, 2025 of $878,094,000 and total debts as of
Jan. 31, 2025 of $468,961,000.  

Honorable Bankruptcy Judge Thomas M. Horan handles the cases.

Potter Anderson & Corroon LLP serves as general bankruptcy counsel
to the Debtors, and Pillsbury Winthrop Shaw Pittman LLP serves as
bankruptcy co-counsel.  Houlihan Lokey Capital, Inc. acts as
investment banker to the Debtors; M3 Advisory Partners LP acts as
financial advisor to the Debtors; while EPIQ Corporate
Restructuring LLC is the Debtors' claims and noticing agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Morrison & Foerster LLP and Morris James, LLP as
legal counsels; Ducera Securities, LLC as investment banker; and
FTI Consulting, Inc. as financial advisor.


NORDIC CLIMATE: FS KKR Marks $156.9MM 1L Loan at 89% Off
--------------------------------------------------------
FS KKR Capital Corp. has marked its $156,900,000 loan extended to
Nordic Climate Group Holding AB to market at $16,600,000 or 11% of
the outstanding amount, according to FS KKR's Form 10-Q for the
fiscal year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Nordic Climate Group Holding AB. The loan accrues interest at a
rate of 5.4% per annum. The loan matures on June 2031.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         About New Nordic Climate Group Holding AB

Nordic Climate Group AB is a player in energy-efficient cooling and
heating installations.


NORDIC CLIMATE: FS KKR Marks SEK$173.6MM 1L Loan at 89% Off
-----------------------------------------------------------
FS KKR Capital Corp. has marked its SEK$173,600,000 loan extended
to Nordic Climate Group Holding AB to market at SEK$16,600,000 or
11% of the outstanding amount, according to FS KKR's Form 10-Q for
the fiscal year ended June 30, 2025, filed with the U.S. Securities
and Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Nordic Climate Group Holding AB. The loan accrues interest at a
rate of 5.4% per annum. The loan matures on June 2031.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         New Nordic Climate Group Holding AB

Nordic Climate Group AB is a player in energy-efficient cooling and
heating installations.


NORDIC CLIMATE: FS KKR Marks SEK$53.5MM 1L Loan at 90% Off
----------------------------------------------------------
FS KKR Capital Corp. has marked its SEK$53,500,000 loan extended to
Nordic Climate Group Holding AB to market at SEK$52,200,000 or 10%
of the outstanding amount, according to FS KKR's Form 10-Q for the
fiscal year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Nordic Climate Group Holding AB. The loan accrues interest at a
rate of 5.4% per annum. The loan matures on June 2031.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

              New Nordic Climate Group Holding AB

Nordic Climate Group AB is a player in energy-efficient cooling and
heating installations.


NORTHPOINT DEVELOPMENT: Gets Extension to Access Cash Collateral
----------------------------------------------------------------
Northpoint Development Holdings, LLC received another extension
from the U.S. Bankruptcy Court for the Northern District of
Illinois, Eastern Division, to use cash collateral to pay its
operating expenses.

The 12th interim order authorized the Debtor to use cash collateral
until October 9 in accordance with its budget, with a 10% variance.
Any further use of cash collateral beyond October 9 requires court
approval.

The First National Bank of Ottawa, a secured creditor, was granted
replacement liens on the cash collateral and all property acquired
by the Debtor after the petition date that is similar to its
pre-bankruptcy collateral. These replacement liens will have the
same priority and extent as the bank's pre-bankruptcy liens.

A continued hearing is scheduled for October 8.

                  About Northpoint Development Holdings

Northpoint Development Holdings, LLC is a single asset real estate
debtor (as defined in 11 U.S.C. Section 101(51B)). It is the fee
simple owner of real property located at 1800 North Bloomington
St., Streator, Ill., valued at $6.8 million.

Northpoint filed Chapter 11 petition (Bankr. N.D. Ill. Case No.
24-13265) on September 9, 2024, with total assets of $6,800,000 and
total liabilities of $5,176,241. Keith Weinstein, manager of
Greystone Develpment Holdings, LLC, signed the petition.

Judge Deborah L. Thorne oversees the case.

Gregory K. Stern, Esq., at Gregory K. Stern, P.C. is the Debtor's
legal counsel.

First National Bank of Ottawa is represented by:

     Cindy M. Johnson, Esq.
     Johnson Legal Group, LLC
     140 S. Dearborn St., Ste. 1510
     Chicago, IL 60603
     Tel: 312-345-1306
     Email: Cjohnson@jnlegal.net


ONE CALL: FS KKR Capital Marks $31.5MM Loan at 16% Off
------------------------------------------------------
FS KKR Capital Corp. has marked its $31,500,000 loan extended to
One Call Care Management Inc. to market at $26,400,000 or 84% of
the outstanding amount, according to FS KKR's Form 10-Q for the
fiscal year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured Loan to One Call Care
Management Inc. The loan accrues interest at a rate of 8.5% per
annum. The loan matures on November 2028.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

        About One Call Care Management Inc.

One Call is a growing healthcare network management company and the
nation's leading provider of specialized solutions to the workers'
compensation.


ONSITE CONSTRUCTION: Hires Gentry Tipton & McLemore as Counsel
--------------------------------------------------------------
Onsite Construction, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Tennessee to hire Gentry Tipton &
McLemore, P.C. to handle its Chapter 11 case.

Gentry Tipton will be paid at these rates:

     Attorneys        $225 to $390 per hour
     Law Clerks       $90 per hour

On August 6, 2025, the firm received $26,738 from the Debtor.

Gentry Tipton will also be reimbursed for out-of-pocket expenses
incurred.

Maurice Guinn, Esq., a partner at Gentry Tipton, assured the court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Gentry Tipton can be reached at:

     Maurice K. Guinn, Esq.
     Gentry, Tipton & McLemore, P.C.
     P.O. Box 1990
     Knoxville, TN 37901
     Tel: (865) 525-5300
     Fax: (865) 523-7315
     Email: mkg@tennlaw.com

        About Onsite Construction, Inc.

Onsite Construction, Inc. sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tenn. Case No.
25-50833) on August 7, 2025, listing up to $50,000 in assets and
$500,001 to $1 million in liabilities.

Maurice K. Guinn, Esq. at Gentry, Tipton & Mclemore P.C. represents
the Debtor as counsel.


ORIGIN FOOD: Seeks Chapter 11 Bankruptcy in North Carolina
----------------------------------------------------------
On August 20, 2025, Origin Food Group filed Chapter 11 protection
in the Western District of North Carolina. According to court
filing, the Debtor reports between $1 million and $10 million in
debt owed to 100 and 199 creditors. The petition states funds will
be available to unsecured creditors.

         About Origin Food Group

Origin Food Group is a family-owned company established in 2009
that develops and produces functional food and dairy products. The
Company introduced innovations in its home market, including
Swiss-style yogurts, fortified foods enriched with vitamins,
minerals, and supplements, and functional ingredients such as
probiotics, calcium, and cholesterol-lowering compounds.

Origin Food Group sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. N.C. Case No. 25-50268) on August 20,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Laura T. Beyer handles the case.

The Debtor is represented by John C. Woodman, Esq. at ESSEX
RICHARDS PA.


PALMAS ATHLETIC: Seeks to Hire Pico LLC as Special Counsel
----------------------------------------------------------
Palmas Athletic Club Corp. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Pico LLC as special
counsel.

Since January 14, 2021 Pico LLC was reengaged to assist the Debtor
in its negotiations formerly with the Tourism Development Fund, UBS
Trust Company and others concerning certain debts assumed by Debtor
and secured by Debtor's assets, including efforts to cancel such
debts through the repurchase of AFICA bonds issued to finance the
construction or refurbishment of Debtor's acquired assets and in
the design and implementation of measures to facilitate such
efforts and to secure continuity of availability of current
Debtor's assets for use by its members.

Pico LLC will continue to represent the Debtor in these matters.

The firm's current hourly rates are:

     Attorneys    $175 to $325
     Paralegal    $110

Guillermo Pico, Esq. attests that he and his law firm are
disinterested persons, as that term is defined in the Bankruptcy
Code, and do not hold or represent an interest adverse to the
estate with respect to the matter on which they are proposed to be
employed.

The counsel can be reached through:

     Guillermo R. Pico, Esq.
     PICO LLC
     1150 Ponce De Leon Avenue, 4th Floor
     San Juan, PR 00909
     Tel: (787) 999-9001
     E-mail: firm@picoadvisors.com

        About Palmas Athletic Club Corp.

Palmas Athletic Club Corp. owns and operates a 420-acre
recreational property within Palmas Del Mar Resort in Humacao,
Puerto Rico. The site includes two 18-hole golf courses, a
22,200-square-foot clubhouse, a 5,600-square-foot beach clubhouse,
and related facilities.

Palmas Athletic Club Corp. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-03489) on August 4,
2025. In its petition, the Debtor reports total assets of
$16,793,944 and total liabilities of $36,514,983.

The Debtor tapped Charles A. Cuprill Hernandez, Esq. at Charles A.
Cuprill, PSC, Law Offices and CPA Luis R. Carrasquillo & CO, PSC as
financial consultant.


PARTNERS PHARMACY: Hires Kroll as Claims and Noticing Agent
-----------------------------------------------------------
Partners Pharmacy Services, LLC and its affiliate seek approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to employ Kroll Restructuring Administration LLC as claims,
noticing, and solicitation agent.

The firm will provide the Debtors with consulting services
regarding legal noticing, claims management and reconciliation,
plan solicitation, balloting, disbursements, preparation of
schedules of assets and liabilities and statements of financial
affairs, communications, confidential online workspaces or data
rooms, and any other services agreed upon by the parties.

The firm will be paid at these rates:

     Analysts                   $35 to $60 per hour
     Technology Consultants     $75 to $205 per hour
     Directors                  $215 to $265 per hour
     Solicitation Consultant    $235 per hour
     Solicitation Director      $275 per hour
     Managing Director          $300 per hour

The Debtors paid the firm in advance the amount of $25,000.

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

Mr. Steele 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:

     Benjamin J. Steele
     Kroll Restructuring Administration LLC
     1 World Trade Center, 31st Floor
     New York, NY 10007
     Tel: (212) 257-5450

              About Partners Pharmacy Services, LLC

Partners Pharmacy LLC provides medication management services to
residents in skilled nursing facilities, assisted living
communities, long-term care residences, long-term acute care
hospitals, and institutional care facilities across the United
States. Founded in 1998 and headquartered in Springfield Township,
New Jersey, the Company operates in multiple states through a
network of in-house pharmacies and regional locations, offering
services such as automation systems, infusion therapy technologies,
compounding, and clinical decision-support tools. It is one of the
largest long-term care pharmacy providers in the U.S., serving over
48,000 residents in more than 500 communities.

Partners Pharmacy LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. ) on August 13, 2025. The
petition was signed by Ronald M. Winters as chief restructuring
officer, who discloses that the lead Debtor has estimated assets of
$1 million to $10 million and estimated liabilities of $10 million
to $50 million.

Fourteen affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                         Case No.
    ------                                         --------
    Partners Pharmacy Services, LLC (Lead Case)    25-34698
    Partners of Connecticut, LLC                   25-34702
    Partners of Massachusetts, LLC                 25-34703
    Partners of Pennsylvania, LLC                  25-34705
    Partners Pharmacy of Florida, LLC              25-34707
    Partners Pharmacy of Maryland, LLC             25-34708
    Partners Pharmacy of Texas, LLC                25-34697
    Partners Pharmacy of Virginia, LLC             25-34709
    Partners of New York, LLC                      25-34704
    Partners Pharmacy Shell Point, LLC             25-34710
    Partners Pharmacy, L.L.C.                      25-34712
    Solutions Homecare, L.L.C.                     25-34713
    Arrow Envoy Holdings, LLC                      25-34699
    Arrow Pharmacy Holdings, LLC                   25-34700

Judge Christopher M. Lopez presides over the case.

The Debtors are represented by  Patrick J. Potter, Esq., Dania
Slim, Esq., Amy West, Esq., and   L. James Dickinson, Esq. at
PILLSBURY WINTHROP SHAW PITTMAN LLP.


PEGASUS BUILDERS: Seeks to Hire CTRE LLC as Real Estate Broker
--------------------------------------------------------------
Pegasus Builders, Inc. and its affiliate seek approval from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ Kristen Kaskela and CTRE LLC. d/b/a Berkshire Hathaway
HomeServices New England Properties as brokers.

The firm will market and sell the Debtor's property located at
21-12 Howard Road, Union, CT 06076.

The broker will receive a commission equal to $ percent of the
purchase price.

As disclosed in the court filing, CTRE LLC is a "disinterested
person" within the meaning of 11 U.S.C. 101(14).

The firm can be reached through:

     Kristen Kaskela
     CTRE LLC.
     d/b/a Berkshire Hathaway
     HomeServices New England Properties
     5 Route 171, Box 366
     Woodstock, CT 06267

         About Pegasus Builders, Inc.

Pegasus Builders Inc. is a licensed general contractor specializing
in luxury custom homes and equestrian estates across Wellington and
South Florida. The Company holds licenses in general contracting,
engineering, and roofing, backed by over 25 years of experience in
the Florida market. It serves both residential and commercial
clients and actively participates in philanthropic initiatives
supporting various local and national organizations.

Pegasus Builders Inc. sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-16181)
on May 30, 2025. In its petition, the Debtor reports estimated
assets and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Mindy A. Mora handles the case.

The Debtors are represented by Aaron Wernick, Esq. at WERNICK LAW
PLLC.


PEGGY NESTOR: Court Says Disputed Items at Townhouse Are Fixtures
-----------------------------------------------------------------
In the adversary proceeding captioned as ALBERT TOGUT, Not
Individually But Solely In His Capacity as Chapter 11 Trustee,
Plaintiff, -v.- PEGGY NESTOR, MARIANNE NESTOR CASSINI, BRENDA
NESTOR and GEMEAUX LTD., Defendants, Adv. Pro. No. 25-01037
(S.D.N.Y.), the Honorable Michael E. Wiles of the United States
Bankruptcy Court for the Southern District of New York held that
certain items in the townhouse at 15 East 63d Street, New York,
N.Y. are fixtures or are personal property.

On June 26, 2025, Judge Wiles completed a trial to resolve disputes
as to whether certain items located in the building at 15 East 63d
Street, New York, NY should be treated as personal property or as
fixtures. The trial record incorporates the transcript of a
personal visit to the Townhouse that Judge Wiles made on June 5
with the parties and their representatives. The list of disputed
items is set forth in an Exhibit that is in evidence. A separate
list of items that were originally designated as disputed items,
but that the parties have been unable to locate and to identify
within the Townhouse, is set forth in the Trustee's Exhibit B.

Peggy Nestor commenced this case by filing a voluntary chapter 11
petition on April 25, 2023. She represented in her papers that the
Townhouse was her primary asset. The recorded deed states that the
Debtor and her sister, Marianne Nestor Cassini, are co-owners of
the Townhouse. However, the Debtor claimed in her petition and
supporting papers that her sister had transferred her interest to
the Debtor in 2016 and that the Debtor was the sole owner of the
Townhouse. The Debtor also represented under oath that her sister
"never resided in the Townhouse" and had not paid the mortgage or
related expenses.

Marianne Nestor Cassini is the former wife of Oleg Cassini. She has
been involved in a long-running estate battle with other heirs of
Mr. Cassini that continue to be the subject of proceedings in the
Surrogate's Court in Nassau County. In 2014, the Surrogate's Court
removed Marianne Nestor Cassini as executor of Mr. Cassin's estate
and appointed the Nassau County Public Administrator as her
successor. The Public Administrator and the court-appointed
Receiver contend that they have enforceable security interests in
the Townhouse by virtue of:

   (a) a judgment lien in the amount of $1,041,336 that was entered
against Marianne Nestor Cassini in 2015 and that applies to the
extent of Ms. Nestor Cassini's interest in the Townhouse, and

   (b) an attachment order issued by the Surrogate's Court 1n 2020
(affirmed in 2021) that covers up to $2,594,813.42 in value of the
Debtor's interests and up to $57 million of any interests that
Marianne Nestor Cassini holds in the Townhouse and in any other
real or personal property.

Two financial institutions also hold mortgage liens. Emigrant Bank
(as successor to Emigrant Savings Bank-Manhattan) has asserted a
claim in the amount of $3,559,407.76 that is secured by a mortgage
lien on the Townhouse. Lynx Asset Services, LLC also holds a
mortgage lien that was granted by the Debtor and Ms. Nestor Cassini
in support of their personal guarantees of a loan that was made to
an entity named Gemeaux Ltd.

The New York State Court entered a foreclosure judgment in favor of
Lynx and against the Debtor and Ms. Nestor Cassini on Oct. 12,
2022. ECF 48-8, Exhibit H. A pending foreclosure sale, pursuant to
that judgment, prompted the Debtor's bankruptcy filing in 2023.

Throughout the early months of this case the Debtor and her counsel
continued to represent that the Debtor was the sole owner of the
Townhouse.

The Debtor filed a tentative plan of reorganization that
contemplated a refinancing or sale of the Townhouse and that
provided that all interests of Marianne Nestor Cassini in the
Townhouse (if there were any) would be extinguished. The Debtor
maintains that Marianne's interest was transferred to her and that,
regardless, her interest in the Townhouse is far greater than 50%
in that she paid expenses relating to the Townhouse for decades.

The Debtor initially indicated a desire to refinance the Lynx
mortgage debt, and possibly other mortgage debts, but she never was
able to do so. The Debtor's counsel represented that the existence
of the attachment lien was an obstacle to such a refinancing. The
Debtor then sought permission to retain Sotheby's as a broker in
order to pursue a sale of the Townhouse. Efforts to sell the
Townhouse could have been adversely affected if there were
uncertainties as to who owned the property, so in order to address
that issue the Debtor commenced an adversary proceeding (Adv. Pro.
No. 23-01195) against Marianne Nestor Cassini, the Public
Administrator and the Receiver, seeking a declaration that the
Townhouse belongs only to Peggy Nestor and that Marianne Nestor
Cassini has no ownership interest in It. In the alternative, the
Debtor asked for an Order declaring that the Townhouse could be
sold pursuant to section 363(h) of the Bankruptcy Code, which
permits the sale of property that is jointly owned by a debtor and
another person so long as certain conditions are satisfied.

The parties agreed in late 2023 that the Townhouse would be sold
and they agreed on the procedures that would govern the sale, and
Judge Wiles approved those procedures on Dec. 15, 2023. Judge Wiles
also approved the retention of Sotheby's as a broker. Marianne
Nestor Cassini signed the engagement letter with Sotheby's for the
sale of the Townhouse.

Disputed Items

The Trustee's Exhibit A lists 52 disputed items. Marianne Nestor
Cassini has relied heavily on two arguments in contending that the
disputed items should be treated as her personal property and not
as fixtures that are part of the Townhouse. Ms. Nestor Cassini
argues that in some sense all of the disputed items are
"removable." The Court notes Ms. Nestor Cassini appears to be under
the mistaken belief that an item can only be a "fixture" if its
separation from real property is a near impossibility. However,
"removability" is not determinative under New York law. Fixtures of
all kinds can and sometimes are removed and replaced when their
useful lives have expired, or when tastes have changed, or when
cleaning or repairs are needed. However, that does not mean that
the items are not "fixtures." So long as items that would otherwise
be personal property have been attached to real property under
circumstances that objectively show an intent to make them a
lasting part of the real property itself, they constitute fixtures,
regardless of whether they could physically be removed.

Ms. Nestor Cassini has argued that some, but not all, of the
disputed items were treated as personal property when the Townhouse
was purchased in February 1984. She believes these documents are
conclusive evidence as to whether the covered items now are
personal property or fixtures. Judge Wiles disagrees.

The Contract of Sale for the Townhouse, dated Oct. 20, 1983,
provided for the sale of the Townhouse and all of the Seller's
interests in "all fixtures and articles of personal property
attached or appurtenant to the Premises," excluding certain
personal furnishings and movable personal property. The total
purchase price was to be $1,270,000. The Contract of Sale did not
itself identify any items to be treated as personal property or to
be sold separately. However, the Closing Binder includes a separate
agreement dated Oct. 20, 1983, by which Ms. Nestor Cassini and
Peggy Nestor agreed to purchase certain items that had been
appraised by Anton Rubert, Jr. at a price of $430,000.

The evidence shows that when the Nestor sisters bought the property
the relevant items were already attached to the Townhouse. They had
been attached by one or more of the prior owners (in some cases
apparently by the original owners) and had been part of the
Townhouse for many years. The items include doors, flooring, marble
facings and other items that commonly are regarded as fixtures. The
characterization of these items as personal property at the time of
the sale appeared to have the primary purpose of limiting the real
property transfer taxes that were payable upon the sale.
Notwithstanding that tax treatment, there is no evidence that the
then-current owner or the prior owners ever intended that the
relevant items would be treated as anything other than permanent
additions to the real property.

The evidence also shows there were other items that were attached
to the Townhouse at the time it was purchased and that were not
designated as "personal property." These items included other
floorings, doors and wall facings that were of lesser value and
that therefore were not on the list of appraised items that were
included in the Bill of Sale. The Court observes Ms. Nestor Cassini
was evasive when asked about these, but it is plain from the record
that these items were all transferred to the Nestor sisters as part
of the real property in 1984, which is the way such items normally
would be sold.  There also is no evidence that Ms. Nestor Cassini
or Peggy Nestor ever intended to treat the items as anything other
than "permanent" additions to the real property.

Ms. Nestor Cassini believes that if she paid for certain items, and
if they were treated as personal property at the time of the
purchase, that they must always be treated as personal property and
cannot ever be considered to be "fixtures." However, all "fixtures"
were personal property at one time; that notion is inherent in the
very definition of a "fixture." Ms. Nestor Cassini and Peggy Nestor
may not have originally installed the items in the Townhouse, but
the fact that they have left the items attached to the Townhouse
for more than 40 years, with no intent to remove them, is an
objective indication of an intent that they be part of the
Townhouse as described in the governing New York authorities.

According to Judge Wiles, "The character of the relevant items, and
whether they are fixtures, is determined by application of the
various factors identified by the New York courts, and not by the
manner in which the items were treated for tax purposes when the
Nestor sisters bought the property. The manner in which the
relevant items have been affixed to the property and have remained
affixed to the property, and their specific adaptations to the uses
of the property (or in some cases the adaptations of the property
itself to the fixture), and the objective intent that is apparent
from all of the relevant circumstances, overwhelmingly support the
conclusion that the disputed items are fixtures."

Exhibit B lists 17 1tems that were listed on the 1984 Bill of Sale
but could not be located by the parties. The items included in
Exhibit B include flooring, doors, mouldings, corbel brackets, a
mantel facing, and other items of the same types.

Items 5, 6, 7, 8, 13, 14 and 15 on Exhibit B were located in areas
of the Townhouse that have been remodeled or that were in the
process of reconstruction. To the extent that these items have
actually been removed from the Townhouse as the result of prior
renovations, and no longer are part of the Townhouse, they are not
fixtures. However, if they have been reinstalled elsewhere in the
Townhouse they would be fixtures, for the same reasons that items
of similar kind constitute fixtures. Judge Wile's personal
inspection of the Townhouse, and of items of the type listed in
Exhibit B, confirms this conclusion.

Other items listed on Exhibit B (items 11, 12, 16, 17, 18, 20, 21,
23 and 24) may well still be part of the Townhouse, but the
descriptions of them in the Bill of Sale, and of their locations,
made it difficult to identify them. One such item (item 11) is
described as "two bronze window balcony railings" in the second
floor living room.

Judge Wiles holds, "I find that each of the disputed items listed
on Trustee Exhibit A constitutes a fixture under New York law and
is part of the real property at 15 East 63d Street, New York, New
York, and that the items listed on Trustee Exhibit B (to the extent
they still are located in the Townhouse) are fixtures. For the
avoidance of doubt, all of the doors, flooring, wooden paneling,
marble facings, bronze side wall units, interior doors, window
brackets, railings, mouldings, corbels, and fireplace mantels and
surrounds presently located in the Townhouse are fixtures, with the
exception of the freestanding fireplace that is presently located
in the area described on the floor plans as the butler's pantry."

A copy of the Court's decision dated August 13, 2025, is available
at https://urlcurt.com/u?l=BggGw7

Peggy Nestor filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 23-10627) on April 25, 2023, listing under $1
million in both assets and liabilities.  The Debtor is represented
by Anne Penachio, Esq.



PET RINSE: Unsecured Creditors Will Get 100% Dividend in Plan
-------------------------------------------------------------
Pet Rinse Repeat, LLC filed with the U.S. Bankruptcy Court for the
Western District of Missouri a Small Business Plan of
Reorganization dated August 18, 2025.

The Debtor operates a pet grooming business, with a location at
2030 Swift Avenue, North Kansas City, Missouri 64116, and with
mobile vans that travel to customers' homes to groom their pets.

The Debtor borrowed funds from Arvest Bank to purchase vans and for
operations. Debtor pledged vans and other assets, including cash
assets, to Arvest Bank to secure repayment of the debts. The Debtor
also borrowed funds from U.S. Bank to purchase two vehicles. Debtor
pledged these vehicles to U.S. Bank to secure repayment of the
debts.

The Debtor will pay the secured creditors Arvest Bank and U.S. Bank
based upon the value of the collateral or the outstanding balances.
If the collateral is worth less than the outstanding balance, the
Debtor will pay the amount of the value of the collateral as the
secured claim and the balance will be paid as an unsecured
non-priority claim.

The unsecured priority claims (taxes) will be paid in full at the
prevailing interest rates charged by the taxing authorities within
five years of the date of the filing of the Petition (May 19,
2025). The unsecured non-priority creditors will be paid a
percentage of their Allowed Claims based upon the liquidation value
of the unencumbered assets.

The source of funding for the Plan will come from the revenues
generated in the operation of the Debtor's business.

Class 4 consists of General Unsecured Claims. This Class shall be
paid 180 days following Effective Date Debtor will distribute on a
monthly basis: $1,723.93/Month. This will pay 100% dividend to
unsecured, non-priority claims without interest. The allowed
unsecured claims total $103,435.71.

The Debtor shall continue in possession of its assets and shall
continue the operation of its business. The Debtor shall be the
disbursing agent and shall make all distributions to creditors as
provided for in this Plan.

The Debtor must submit all or such portion of the future net income
of the Debtor as is necessary for the execution of the Plan.

Amy Ramatowski and Vernon Doku are the members of the Debtor. They
expect to continue to serve as the managing members of the
Reorganized Debtor on and after the Effective Date.

A full-text copy of the Plan of Reorganization dated August 18,
2025 is available at https://urlcurt.com/u?l=rH3uW2 from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Erlene Krigel, Esq.
     Krigel Nugent + Moore, PC
     4520 Main St., Ste. 700
     Kansas City, MO 64111
     Telephone: (816) 756-5800

                      About Pet Rinse Repeat LLC

Pet Rinse Repeat, LLC, operates a mobile and in-store dog grooming
and boarding business in the Kansas City area.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mo. Case No.  25-40747-btf11) on May
19, 2025.  In the petition signed by Amy Ramatowski, managing
member, the Debtor disclosed up to $500,000 in assets and up to $1
million in liabilities.

Judge Brian T. Fenimore oversees the case.

The Debtor is represented by Erlene W. Krigel, Esq., Krigel Nugent
Moore, P.C.


PLASTIC SUPPLIERS: Gets Chapter 11 Liquidation Plan Confirmation
----------------------------------------------------------------
Emlyn Cameron of Law360 reports that a New Jersey bankruptcy judge
has confirmed the liquidation plan of Ohio-based compostable film
producer Plastic Suppliers Inc., approving a slightly revised
proposal that allows certain unsecured claims to be paid from a
liquidation trust.

               About Plastic Suppliers Inc.

Plastic Suppliers Inc., doing business as PSI, Earthfirst Films,
and Earthfirst Films by PSI is a global manufacturer of innovative,
environmentally friendly thin-gauged, bio-based material using
distinctive biopolymers such as Polylactic Acid ("PLA") and
Polyhydroxyalkanoates ("PHA"). They also produce
petrochemical-based films. They develop highly engineered
application-specific solutions for a wide range of companies in the
"Consumer Packaged Goods" and industrial markets. The Debtors
provide their sustainable film solutions to customers in the
Americas, EMEA region, and Asia. The Debtors' primary markets
include food and beverage packaging, architecture products, medical
equipment, personal care, office, industrial and laminated films
for SME digital printers. The Debtors' products are compostable and
recyclable and are utilized for, among other things, single-purpose
bags, mailers, shrink sleeves, window packaging, envelopes, flow
wraps, filters, transparent sealants, barrier sealants, print
webs, adhesive labels, thermoforming films and laminates.

Plastic Suppliers and its affiliates, Speciality Films, Inc. and
Sidaplax, Inc., sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Lead Case No. 24-22549) on December
22, 2024. Michael DuFrayne, president and chief executive officer
of Plastic Suppliers, signed the petitions.

At the time of the filing, Plastic Suppliers reported $10 million
to $50 million in both assets and liabilities.

Judge Andrew B. Altenburg Jr. handles the cases.

The Debtors are represented by Stephen M. Packman, Esq., and
Douglas G. Leney, Esq., at Archer & Greiner, P.C.


PLATE RESTAURANT: Seeks to Hire Olivier Griot as Accountant
-----------------------------------------------------------
Plate Restaurant Group LLC and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Kansas to employ
Olivier Griot, an accountant practicing in Kansas City, Missouri.

The accountant will handle bookkeeping and tax matters during these
proceedings.

Mr. Griot will charge $6,250 per month for his accounting
services.

Mr. Griot disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The accountant can be reached at:

     Olivier Griot
     415 W. 62nd Terrace
     Kansas City, MO 64113

                 About Plate Restaurant Group LLC

Plate Restaurant Group LLC is a Kansas City-based restaurant
business.

Plate Restaurant Group LLC and its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Lead Case
No. 25-20996) on July 18, 2025. The case is jointly administered in
Case No. 25-20996. In its petition, Plate Restaurant Group
disclosed estimated assets up to $50,000 and estimated liabilities
between $500,000 and $1 million.

Honorable Bankruptcy Judge Dale L. Somers handles the case.

The Debtors tapped Phillips & Thomas LLC as counsel and Olivier
Griot as accountant.


PLAZA UTILITIES: Affiliate Taps Matthew D. Boruta as Legal Counsel
------------------------------------------------------------------
Credo Investments LLC, an affiliate in the Chapter 11 cases of
Plaza Utilities LLC, seeks approval from the U.S. Bankruptcy Court
for the Southern District of Indiana to employ Matthew D. Boruta,
Esq., an attorney practicing in Fishers, Indiana.

The attorney will render these services:

     (a) take necessary or appropriate actions to protect and
preserve the Debtor's estate;

     (b) prepare necessary or appropriate legal papers in
connection with the administration of the Debtor's estate;

     (c) provide advice, representation, and preparation of
necessary documentation and pleadings;

     (d) counsel the Debtor with regard to its rights and
obligations, and its powers and duties in the continued management
and operations of its business and properties;

     (e) take necessary or appropriate actions in connection with a
plan or reorganization and related disclosure statement and related
documents, and such further actions as may be required in
connection with the administration of the Debtor's estate; and

     (f) act as general bankruptcy counsel for the Debtor and
perform all other necessary or appropriate legal services in
connection with the Chapter 11 case.

Mr. Boruta will be paid at his hourly rate of $300 plus expenses.

Prior to filing, the Debtor paid Mr. Boruta an initial retainer of
$1,000.

Mr. Boruta disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The attorney can be reached at:
   
     Matthew D. Boruta, Esq.
     11650 Lantern Rd., Ste. 106
     Fishers, IN 46038
     Telephone: (317) 637-7000
     Email: boruta17@hotmail.com
     
                     About Plaza Utilities LLC

Plaza Utilities LLC and affiliates are real estate entities that
hold fee simple ownership of undeveloped commercial land in New
Palestine, Indiana. The three companies own adjacent or nearby
parcels along W US 52 and South 600 West and are involved in
property holding and potential development in the area.

Plaza Utilities LLC and affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Lead Case No.
25-04649) on August 4, 2025. The case is jointly administered in
Case No. 25-04649. In its petition, Plaza Utilities disclosed
estimated assets of $3,244,300 and estimated liabilities of
$795,249.

Honorable Bankruptcy Judge James M. Carr handles the case.

The Debtors are represented by Matthew D. Boruta, Esq.


PPS PROPERTY: Seeks to Hire Exp Realty LLC as Realtor
-----------------------------------------------------
PPS Property 1213-1215 Putnam Ave. LLC seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire Exp Realty
LLC as realtor.

The firm will market and sell the Debtor's property located at
1213-1215 Putnam St., Plainfield, NJ 07063.

The firm will receive a flat fee of $4,000 as commission.

As disclosed in the court filings, Exp Realty LLC is a
disinterested person under 11 U.S.C. Sec. 101(14).

The firm can be reached through:

     Waleska Martinez
     EXP Realty LLC
     28 Valley Road, Suite #1
     Montclair, NJ 07042
     Tel: (866) 201-6210
     Fax: (908) 396-0527
  
        About PPS Property 1213-1215 Putnam Ave. LLC

PPS Property 1213-1215 Putnam Ave. LLC is a single-asset real
estate company based in Plainfield, New Jersey, operates a property
at 1213-1215 Putnam Avenue.

PPS Property 1213-1215 Putnam Ave. LLC sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-10171) on
January 7, 2025. In its petition, the Debtor reports estimated
assets between $500,000 and $1 million and estimated liabilities
between $100,000 and $500,000.

Robert C. Nisenson, Esq., at Robert C. Nisenson, LLC, represents
the Debtor as counsel.


PRODUCTION RESOURCE: FS KKR Marks $206.1MM 1L Loan at 41% Off
-------------------------------------------------------------
FS KKR Capital Corp. has marked its $206,100,000 loan extended to
Production Resource Group LLC to market at $122,200,000 or 59% of
the outstanding amount, according to FS KKR's Form 10-Q for the
fiscal year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Production Resource Group LLC. The loan accrues interest at a rate
of 8.5% per annum. The loan matures on August 2029.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

           About Production Resource Group LLC

Production Resource Group is the leading global provider of
technical and production services and solutions for the
entertainment and events industries, specializing in areas like
broadcast, concert touring, corporate events, and theatre.


PRODUCTION RESOURCE: FS KKR Marks $300,000 1L Loan at 33% Off
-------------------------------------------------------------
FS KKR Capital Corp. has marked its $300,000 loan extended to
Production Resource Group LLC to market at $200,000 or 67% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Production Resource Group LLC. The loan accrues interest at a rate
of 5.70% per annum. The loan matures on August 2029.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

About Production Resource Group LLC

Production Resource Group is the leading global provider of
technical and production services and solutions for the
entertainment and events industries, specializing in areas like
broadcast, concert touring, corporate events, and theatre.


PROJECT PIZZA: Hire Boos & Associates as Accounting Consultant
--------------------------------------------------------------
Project Pizza Polk LLC, doing business as Fiorella Polk, seeks
approval from the U.S. Bankruptcy Court for the Northern District
of California to employ Boos & Associates, PC as accounting
consultant.

The firm will provide these services:

     (a) assist in reporting compliance regarding use of cash
collateral;

     (b) advise the Debtor in preparing monthly operating reports,
tax consequences of any transactions occurring in this bankruptcy
case, and preparation of budgets and cash flow projections for the
case and a plan of reorganization;

     (c) assist with communication with the Subchapter V Trustee
and creditors; and

     (d) to the extent necessary, assist in evaluating claims filed
in the case, litigation issues and prepare any reports for
regulators and agencies.

The firm will be paid at an hourly rate between $70 to $450.

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

Aaron Chambers, a tax preparer at Boos & Associates, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Aaron Chambers
     Boos & Associates PC
     5260 N. Palm Ave., Suite 120
     Fresno, CA 93704
     Telephone: (559) 408-7242
       
                     About Project Pizza Polk

Project Pizza Polk, LLC, doing business as Fiorella Polk and
operated by Project Pizza Polk LLC, is a neighborhood Italian
restaurant offering wood-fired pizza, restaurant offering
wood-fired pizza, handmade pasta, and seasonal dishes. It operates
in Noe Valley and is part of a family of four Fiorella restaurants
serving San Francisco, including the original location in the
Richmond District.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-30521) on July 2,
2025, with $206,216 in assets and $1,053,818 in liabilities. Boris
Nemchenok, manager, signed the petition.

Judge Dennis Montali oversees the case.

The Debtor tapped Matthew D. Metzger, Esq., at Belvedere Legal, PC
as counsel and Boos & Associates, PC as accounting consultant.


PROJECT PIZZA: Unsecureds to Get 14 Cents on Dollar in Plan
-----------------------------------------------------------
Project Pizza LLC filed with the U.S. Bankruptcy Court for the
Northern District of California a Plan of Reorganization for Small
Business dated August 18, 2025.

The Debtor is a California Limited Liability Company. Since 2015,
the Debtor has been operating as a full service Italian restaurant
and bar doing business as Fiorella Clement on Clement Street in San
Francisco, California.

The Debtor is one of four restaurants operated by the Fiorella
Restaurant Group. Due to a variety of factors such as lack of
customers due to the COVID pandemic restrictions and safety issues,
the Debtor took out loans with Merchant Cash Advance ("MCAs")
lenders at very high interest rates and disruptive payment
requirements.

Since filing this case, the Debtor has continued to operate under a
final order approving the use of cash collateral and obtain
approval of a post-petition debtor in possession loan in the amount
of $40,000 from its natural responsible person. The Debtor intends
to continue its operations at its current location by assuming its
lease with its landlord.

The Debtor's financial projections show that the Debtor will have
projected disposable income over 5 years of $360,000. The final
Plan payment is expected to be paid on October 31, 2030, which is
anticipated to be 60 months after the effective date.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from operations.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately fourteen cents on the dollar, consistent with the
liquidation analysis and projected disposable income. This Plan
also provides for the payment of administrative and priority
claims.

Class 3(A) consists of Non-priority unsecured creditors without
guarantees or alternate source of recovery. Holders of allowed
unsecured claims shall receive a pro rata share of the projected
disposable income over the five-year term of the Plan after allowed
administrative claims and priority claims are paid. This Class is
impaired.

Class 4 consists of Equity security holders of the Debtor. The
equity security holders of the Debtor shall retain their membership
interest in the Debtor.

The Debtor will continue to operate the restaurant business to
generate the revenue to pay the claims under the Plan. To the
extent applicable, the Debtor will set up a claims reserve to be
established in connection with the plan. The managing member of the
Debtor will continue to be its current manager, Boris Nemchenok.

A full-text copy of the Plan of Reorganization dated August 18,
2025 is available at https://urlcurt.com/u?l=ag0bXJ from
PacerMonitor.com at no charge.

Counsel to the Debtor:

      Chris D. Kuhner, Esq.
      Kornfield, Nyberg, Bendes,
      Kuhner & Little, P.C.
      1970 Broadway, Suite 600
      Oakland, CA 94612
      Tel: (510) 763-1000
      Fax: (510) 273-8669
      E-mail: c.kuhner@kornfieldlaw.com

                        About Project Pizza Sunset LLC

Project Pizza Sunset, LLC has been operating as a full service
Italian restaurant and bar doing business as Fiorella Clement on
Clement Street in San Francisco, California.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-30258) on April 1,
2025, listing up to $500,000 in assets and up to $1 million in
liabilities.

Judge Hannah L. Blumenstiel oversees the case.

Robert G. Harris, Esq., at Binder Malter Harris Rome-Banks, LLP,
represents the Debtor as legal counsel.


QUILL 115: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Quill 115 LLC
        8345 Gunn Hwy.
        Tampa, FL 33626

Business Description: Quill 115 LLC is a real estate development
                      company based in Tampa, Florida, that is
                      involved in land acquisition, site planning,
                      and project financing through affiliated
                      entities.

Chapter 11 Petition Date: August 22, 2025

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 25-05997

Judge: Hon. Roberta A. Colton

Debtor's Counsel: Matthew B. Hale, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E. Madison St., Suite 200
                  Tampa, FL 33602
                  Tel: 813-229-0144
                  E-mail: mhale@srbp.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Erin Lykins as manager.

The Debtor indicated in the petition that no creditors hold
unsecured claims.

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

https://www.pacermonitor.com/view/2LAXRYI/Quill_115_LLC__flmbke-25-05997__0001.0.pdf?mcid=tGE4TAMA


QUORUM HEALTH: Moody's Alters Outlook on 'Ca' CFR to Stable
-----------------------------------------------------------
Moody's Ratings affirmed the ratings of Quorum Health Corporation
("Quorum Health") including the Ca corporate family rating, the
Ca-PD probability of default rating, and the Ca rating on the
senior secured term loan. Moody's also assigned Caa1 ratings to the
company's senior secured delayed draw term loan A and B.
Concurrently, Moody's changed the outlook to stable from negative.

The rating affirmation reflects Moody's views that the probability
of default is very high and that the recovery rate for the
company's rated debt in the event of a default will be low. As
Quorum Health continues to sell its assets, there is considerable
uncertainty on how much will be realized and whether it will be
sufficient to meet the company's financial obligations. The
company's debt/EBITDA was approximately 12 times at the end of
March 31, 2025, and Moody's expects it to remain at around similar
level in the next 12-18 months.

The outlook change to stable considers modest improvement in Quorum
Health cash flow in recent quarters and increased financial
flexibility from modified borrowing terms (covenants and
maturities) through amendments to the company's senior secured
credit agreement. Moody's believes that the company will continue
to implement its long-term strategy of downsizing/rationalizing its
business portfolio and deleverage.

RATINGS RATIONALE

Quorum Health's Ca Corporate Family Rating reflects its very high
financial leverage, unsustainable capital structure, weak liquidity
and Moody's views that the company's probability of default is very
high. Moody's expects that Quorum Health will continue to burn cash
and need to rely on existing lenders' support and continued asset
sales to meet its financial obligations. The ratings are also
constrained by Quorum Health's concentration of profits in a few
markets and cash flow volatility created by exposure to state
supplemental Medicaid programs. Offsetting these challenges, Quorum
Health's ratings are supported by an ongoing business
rationalization initiative and the availability of hospital assets
that can be sold to generate cash.

The stable outlook reflects Moody's views that the default
probability is high and appropriately captured in the current
rating.

Moody's expects Quorum Health's liquidity to remain weak over the
next 12-18 months. The company had $7.4 million in cash and almost
no availability under its $75 million ABL revolver at the end of
March 31, 2025. Moody's expects the company to sustain negative
free cash flow generation over the next 12 to 18 months and the
company will need to rely on asset sales to fund its mandatory debt
amortizations.

Quorum Health's $75 million ABL facility (not rated) has a first
priority perfected lien on substantially all tangible and
intangible assets, including accounts receivable, cash, deposit
accounts, and intangibles, of the borrower and each guarantor. The
senior secured term loan, rated at the same level as the CFR,
represents the preponderance of the company's debt. The senior
secured delayed draw term loans, rank ahead of other senior secured
debt in the event of a bankruptcy, and are rated three notches
above the CFR.

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

The ratings could be downgraded if the company defaults on its
financial obligations or Moody's estimates of a recovery in a
default scenario declines.

Ratings could be upgraded if the company significantly improves its
operating performance and liquidity.

Quorum Health Corporation, headquartered in Brentwood, TN, is an
operator and manager of hospitals and outpatient services in
non-urban areas of the US. As of March 31, 2025, the company
operated 12 hospitals in rural and mid-sized markets in 10 states.
Revenue was $974 million for the twelve months ended March 31,
2025. The company is majority owned by GoldenTree Asset Management.


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

Quorum Health's Ca CFR is three notches below the Caa1 scorecard
indicated outcome. The difference reflects high default probability
and a scorecard factor that is upwardly skewed by the company's
scale.


QVC GROUP: Contrarius Investment Holds 8.9% Stake as of June 30
---------------------------------------------------------------
Contrarius Investment Management Limited and Contrarius Investment
Management (Bermuda) Limited disclosed in a Schedule 13G (Amendment
No. 4) filed with the U.S. Securities and Exchange Commission that
as of June 30, 2025, they beneficially own 702,768 shares of QVC
Group, Inc.'s Series A Common Stock. The reporting persons have
shared voting and dispositive power over all these shares,
representing 8.9% of the class.

The reporting persons may be reached through:

    Thomas Daniel Perkins, Director
    Contrarius Investment Management Limited
    2 Bond Street, St. Helier
    Jersey JE2 3NP, Channel Islands
    Tel: 44 1534 823 136

    Matt de Kock, Director
    Contrarius Investment Management (Bermuda) Limited
    Waterloo House, 100 Pitts Bay Road
    Pembroke HM 08, Bermuda

A full-text copy of Contrarius Investment's SEC report is available
at:

                 https://tinyurl.com/3m8t68pe

                          About QVC Group

QVC Group, Inc., formerly known as Qurate Retail, Inc. --
https://www.qvcgrp.com/ -- owns interests in subsidiaries and other
companies which are primarily engaged in the video and online
commerce industries. Through its subsidiaries and affiliates, the
Company operates in North America, Europe and Asia. Its principal
businesses and assets include its consolidated subsidiaries QVC,
Inc., Cornerstone Brands, Inc., and other cost method investments.


As of Jun. 30, 2025, QVC had $6.69 billion in total assets against
$9.58 billion in total liabilities.

                           *     *     *

In June 2025, Fitch Ratings has downgraded QVC Group, Inc.'s (QVC)
Long-Term Issuer Default Rating (IDR) to 'CCC+' from 'B-'. The
downgrade reflects heightened risk regarding QVC's ability to
stabilize operations and support its capital structure amid
accelerating revenue declines and a challenged operating
environment.


RECONNECT INC: Case Summary & Nine Unsecured Creditors
------------------------------------------------------
Debtor: Reconnect Incorporated
        69 Wesley Street, Unit D
        South Hackensack, NJ 07606

Business Description: Reconnect Incorporated, doing business as
                      Highkickz, operates as an online retailer
                      specializing in footwear, accessories, and
                      apparel for men, women, and children,
                      offering products from major brands
                      including Nike, Adidas, Puma, and
                      Timberland.  The Company provides a broad
                      range of casual and athletic styles and
                      emphasizes customer service with free ground
                      shipping, monthly promotions, and active
                      engagement through social media.

Chapter 11 Petition Date: August 21, 2025

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 25-18785

Debtor's Counsel: Melinda Middlebrooks, Esq.
                  MIDDLEBROOKS SHAPIRO, P.C.
                  841 Mountain Avenue
                  Springfield, NJ 07081
                  Tel: (973) 218-6877
                  Fax: (973) 218-6878
                  E-mail: middlebrooks@middlebrooksshapiro.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas Koo as president.

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

https://www.pacermonitor.com/view/R75352Y/Reconnect_Incorporated__njbke-25-18785__0001.0.pdf?mcid=tGE4TAMA


REKOR SYSTEMS: Terminates $23.3M ATM Deal with Northland Securities
-------------------------------------------------------------------
Rekor Systems, Inc., disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that on August 12, 2025, it
elected to voluntarily terminate its previously disclosed At Market
Issuance Sales Agreement, dated February 10, 2025, by and between
the Company and Northland Securities, Inc.

Pursuant to the Sales Agreement, the Company sold 18,888,832 shares
of common stock having an aggregate offering price of approximately
$23.3 million.

A full-text copy of the Sales Agreement is available at
https://tinyurl.com/39fwncc3

                      About Rekor Systems

Rekor Systems, Inc., headquartered in Columbia, Md., is working to
revolutionize public safety, urban mobility, and transportation
management using AI-powered solutions designed to meet the distinct
demands of each market it serves. The Company works hand-in-hand
with its customers to deliver mission-critical traffic and
engineering services that assist them in achieving their goals. The
Company's vision is to improve the lives of citizens and the world
around them by enabling safer, smarter, and greener roadways and
communities. The Company works towards this by collecting,
connecting, and organizing mobility data, and making it accessible
and useful to its customers for real-time insights and decisioning
for situational awareness, rapid response, risk mitigation, and
predictive analytics for resource and infrastructure planning and
reporting.

Morristown, N.J.-based Marcum LLP, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
March 31, 2025, attached to the Company's Annual Report on Form
10-K for the year ended December 31, 2024, citing that the Company
has incurred significant losses and will need to raise additional
funds to meet its obligations and sustain its operations. These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

As of June 30, 2025, the Company had $80.1 million in total assets
against $44.7 million in total liabilities.


RELIANT REHAB: FS KKR Marks $49.1M 1L Loan at 72% Off
-----------------------------------------------------
FS KKR Capital Corp. has marked its $49,100,000 loan extended to
Reliant Rehab Hospital Cincinnati LLC to market at $13,700,000 or
28% of the outstanding amount, according to FS KKR's Form 10-Q for
the fiscal year ended June 30, 2025, filed with the U.S. Securities
and Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Reliant Rehab Hospital Cincinnati LLC. The loan accrues interest at
a rate of 6.30% per annum. The loan matures on February 2028.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

              About Reliant Rehab Hospital Cincinnati LLC

Reliant Rehab Hospital Cincinnati LLC offers rehabilitation,
therapy programs, census development, therapist recruitment,
retention, and other related services.


RUNITONETIME LLC: Hires GLC Advisors as Investment Banker
---------------------------------------------------------
RunItOneTime LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ GLC
Advisors & Co., LLC and GLC Securities, LLC as investment banker.

The firm's services include:

   a. advising and assisting the Company in examining, analyzing,
developing, structuring and negotiating the financial aspects of
any potential or proposed strategy for a Transaction;

   b. assisting the Company in soliciting, coordinating and
evaluating indications of interest and proposals, tenders and
consents in connection with any Transaction (except in connection
with a Transaction intended to comply with the requirements of
Section 3(a)(9) of the Securities Act of 1933, as amended);

   c. providing expert advice and testimony regarding financial
matters related to any Transaction(s), if necessary;

   d. attending meetings of and advising and otherwise
communicating with the Company's Board of Directors, creditor
groups and other interested parties, as GLC and the Company
determine to be necessary or desirable; and

   e. providing such other financial advisory services as may be
agreed in writing between GLC and the Company.

The firm will be paid at these fees:

   a. Monthly Advisory Fees: a monthly advisory fee of $150,000
(each, a "Monthly Advisory Fee"), payable in advance for the period
commencing on the Effective Date of the Engagement Letter, with the
first payment due upon execution of the Agreement and subsequent
payments due on each monthly anniversary of the Effective Date of
the Engagement Letter. Each Monthly Advisory Fee is earned in full
when due. In addition, a one-time credit of 50% of the Monthly
Advisory Fees in excess of $550,000 actually paid to GLC under the
Agreement will be applied against the Restructuring Fee, on a
dollar-for-dollar basis up to 100% of the Restructuring Fee.

   c. Sale Transaction Fee: a fee equal to 1.5% of the Aggregate
Consideration (as defined on Schedule II of the Engagement Letter)
(the "Sale Transaction Fee") of each Sale Transaction; provided,
however, that for any Sale Transaction that is a credit bid by
existing secured creditors of the Company (a "Credit Bid Sale
Transaction"), the Sale Transaction Fee shall be reduced to a fee
equal to 0.5% of the Aggregate Consideration. Each Sale Transaction
Fee shall be earned upon the entry of a sale order by the
bankruptcy court for the applicable Transaction and payable upon
consummation of each Transaction. For the avoidance of doubt, the
PokerCo Sale Transaction Fee will be payable upon consummation of
the PokerCo Sale Transaction.

Sale Transaction Fees shall be credited against the Restructuring
Fee as follows:

     (i) A one-time credit of 50% of the Sale Transaction Fee paid
to GLC by the Company as a result of the sale of PokerCo to the
stalking horse bidder as such sale is currently constructed will be
applied once against any Restructuring Fee earned and payable to
GLC on a dollar-for-dollar basis up to 100% of such Restructuring
Fee. For the avoidance of doubt, if PokerCo is sold for Aggregate
Consideration in excess of $16,000,000, there shall be no credit
applied against the Restructuring Fee; and

     (ii) For any Sale Transaction not addressed in clause (i), a
one-time credit of 100% of any Sale Transaction Fee paid to GLC by
the Company will be applied once against any Restructuring Fee
earned and payable to GLC on a dollar-for-dollar basis up to 100%
of such Restructuring Fee.

   d. Restructuring Fee: a fee of $2,000,000 (payable directly out
of the gross proceeds of any Restructuring, if available) which
shall be earned upon the entry of a sale order by the bankruptcy
court and payable upon consummation of the Restructuring (the
"Restructuring Fee"). For the avoidance of doubt, the following
will not be considered a Restructuring and no Restructuring Fee
will be due as a result: (i) a sale of PokerCo, by itself, (ii) a
rejection, assumption, or modification of any contracts or leases
or (iii) a conversion of the chapter 11 cases to cases under
chapter 7.

   e. Expense Reimbursement: GLC shall be entitled to monthly
reimbursement from the Company of reasonable out‐of-pocket
expenses incurred in connection with the services to be provided
under the Engagement Letter (including, without limitation, travel
fees, document production fees, GLC's reasonable out-of-pocket fees
and expenses for outside legal counsel and other professional
advisors incurred in connection with the negotiation and
performance of the Engagement Letter and the matters contemplated
thereby, and sales, use or similar tax incurred thereon, and
including, in connection with any Bankruptcy Case(s), GLC's
retention in such case(s) and any fee issues or disputes that may
arise, including defending its fee applications), whether or not a
Transaction occurs or is consummated.

   f. Termination Fee: If, during the term of GLC's engagement or
as set forth in the last sentence of Section 4(b) of the Engagement
Letter, the Company and/or any of its subsidiaries or affiliates
receives compensation pursuant to any provision contained in such
agreement related thereto (the "Termination Payment"), then a cash
fee equal to 10% (the "Termination Fee") of the Termination
Payment, which shall be payable to GLC promptly following the
Company's and/or any of its subsidiaries or affiliates' receipt of
such Termination Payment, provided that the Termination Fee will
not exceed the Transaction Fee that would have been payable had
such Transaction been completed, and any Monthly Advisory Fees paid
will be credited without duplication and only to the extent not
previously credited. For purposes of calculating the Termination
Fee, the Termination Payment shall include any judgment for
damages, any amount or other consideration received by the Company
and/or its subsidiaries or affiliates in settlement of any dispute
as a result of such termination or other failure to consummate the
Transaction, as well as the fair value of any options granted to
the Company and/or its subsidiaries or affiliates (pursuant to any
cross option agreement, comparable provision or otherwise).

Mr. Sellinger 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:

     Michael Sellinger
     GLC Advisors & Co., LLC
     GLC Securities, LLC
     600 Lexington Avenue
     New York, NY 10022
     Tel: (212) 835-9940

              About RunItOneTime LLC

RunItOneTime LLC, formerly known as Maverick Gaming LLC,
headquartered in Kirkland, Washington, is a regional casino and
cardroom operator across Washington State, Nevada, and Colorado.
The company operates a portfolio of 31 properties, with 1,800 slot
machines, 350 table games, 1,020 hotel rooms, and 30 restaurants.
Maverick was founded in 2017 by Eric Persson and Justin Beltram,
who hold over 70% ownership in the company.

RunItOneTime LLC and 67 affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90191) on
July 14, 2025.  In its petition, RunItOneTime estimated assets and
liabilities between $100 million and $500 million each.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Latham & Watkins LLP as counsel; and Hunton
Andrews Kurth LLP, as bankruptcy co-counsel.  The Debtors also
engaged GLC Advisors & Co., LLC and GLC Securities, LLC, as
investment banker, and Triple P TRS, LLC as financial advisor. The
Debtors' tax advisor is KPMG LLP.


RUNITONETIME LLC: Hires Hunton Andrews Kurth LLP as Co-Counsel
--------------------------------------------------------------
RunItOneTime LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Hunton Andrews Kurth LLP as co-counsel.

The firm will provide these services:

   a) advise the Debtors with respect to their powers and duties as
debtors in possession in the continued management and operation of
their business;

   b) advise and consult on the conduct of the Chapter 11 Cases,
including all of the legal and administrative requirements of
operating in chapter 11;

   c) attend meetings and negotiate with representatives of
creditors and other parties in interest;

   d) take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any actions commenced against the Debtors, and
representing the Debtors in negotiations concerning litigation in
which the Debtors are involved, including prosecuting objections to
claims filed against the Debtors' estates;

   e) prepare pleadings in connection with the Chapter 11 Cases,
including motions, applications, answers, draft orders, reports and
other documents necessary or otherwise beneficial to the
administration of the Debtors' estates;

   f) represent the Debtors in connection with obtaining authority
to use cash collateral and postpetition financing;

   g) appear before the Court and any appellate courts to represent
the interests of the Debtors' estates;

   h) take any necessary actions on behalf of the Debtors to
negotiate, prepare and obtain approval of a disclosure statement
and confirmation of a chapter 11 plan of reorganization and all
documents related thereto;

   i) advise the Debtors in connection with any sale of assets;

   j) provide non-bankruptcy services to the Debtors to the extent
requested by the Debtors; and

   k) perform all other necessary legal services for the Debtors in
connection with the Chapter 11 Cases, which may include (i) the
analysis of the Debtors' leases and executory contracts and the
assumption, rejection or assignment thereof, (ii) the analysis of
the validity of liens against the Debtors, and (iii) advice on
corporate and litigation matters, including both pending and
threatened litigation and the administration and resolution of
claims.

The firm will be paid at these rates:

   Timothy A. ("Tad") Davidson II, Partner    $1,405 per hour
   Ashley L. Harper, Partner                  $1,155 per hour
   Philip M. Guffy, Associate                 $995 per hour
   Catherine Rankin, Associate                $895 per hour
   Brandon Bell, Associate                    $795 per hour
   Kaleb Bailey, Associate                    $690 per hour

Before the Petition Date, the Debtors paid the firm an aggregate
amount of $368,184. As of the Petition Date, the firm holds
$67,359.85 on account.

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

The following is provided in response to the request for additional
information set forth in Paragraph D.1 of the UST Guidelines:

   Question: Did Hunton agree to any variations from, or
alternatives to, Hunton's standard or customary billing
arrangements for this engagement?

   Response: No.

   Question: Do any of the Hunton professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: No.

   Question: If you represented the Debtors in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If Hunton's billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Response: Hunton's billing rates and material financial terms
for its prepetition engagement of the Debtors are set forth in the
Engagement Letter. Hunton's billing rates and material financial
terms for Hunton's representation of the Debtors have not changed
postpetition.

   Question: Have the Debtors approved Hunton's prospective budget
and staffing plan, and, if so for what budget period?

   Response: Hunton has not prepared a budget and staffing plan.

Mr. Davidson II 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:

     Timothy A. ("Tad"”) Davidson II, Esq.
     Hunton Andrews Kurth LLP
     600 Travis Street, Suite 4200
     Houston, TX 77002
     Tel: (713) 220-4200

              About RunItOneTime LLC

RunItOneTime LLC, formerly known as Maverick Gaming LLC,
headquartered in Kirkland, Washington, is a regional casino and
cardroom operator across Washington State, Nevada, and Colorado.
The company operates a portfolio of 31 properties, with 1,800 slot
machines, 350 table games, 1,020 hotel rooms, and 30 restaurants.
Maverick was founded in 2017 by Eric Persson and Justin Beltram,
who hold over 70% ownership in the company.

RunItOneTime LLC and 67 affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90191) on
July 14, 2025.  In its petition, RunItOneTime estimated assets and
liabilities between $100 million and $500 million each.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Latham & Watkins LLP as counsel; and Hunton
Andrews Kurth LLP, as bankruptcy co-counsel.  The Debtors also
engaged GLC Advisors & Co., LLC and GLC Securities, LLC, as
investment banker, and Triple P TRS, LLC as financial advisor.  The
Debtors' tax advisor is KPMG LLP.


RUNITONETIME LLC: Hires KPMG LLP as Tax Service Provider
--------------------------------------------------------
RunItOneTime LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ KPMG
LLP as audit, tax compliance and tax consulting services.

The firm's services include:

Audit Services

     A. Audit of consolidated balance sheets of the Debtors,
specifically Maverick Gaming LLC, as of December 31, 2025 and 2024,
the related consolidated statements of operations, members' equity
and cash flows for each of the years in the two-year period ended
December 31, 2025 and the related notes to the financial
statements.

     B. KPMG will apply agreed-upon procedures to document
compliance with the Minimum Internal Control Standards ("MICS")
required by regulation 6.909(9) of the Nevada Gaming Commission and
Nevada State Gaming Board (collectively, the "Regulators") of the
Debtors, specifically Maverick Gaming, LLC, and (i) its licensed
Wendover, Nevada gaming establishments, which are owned by Red
Garter Operator, LLC and Wendover Nugget Operator, LLC, and (ii)
its Elko, Nevada gaming establishment, which is owned by Red Lion
Operators, LLC, (collectively the "Licensees") for the year ending
December 31, 2025 for the intended purpose of evaluating the
Licensees' compliance with the applicable status, regulations, and
MICS. The Company and Licensees are responsible for compliance with
applicable statuses, regulations, and MICS during the year ending
December 31, 2025.

Tax Compliance Services

     A. U.S. Federal, State and Local Income and Franchise Tax
Returns

        i. KPMG will prepare the U.S. federal, state and local
income and franchise tax returns (the "Returns") and supporting
schedules for the 2024 and 2025 tax year(s), as described and
detailed in the tax compliance engagement letter dated March 3,
2025 (the "Tax Compliance EL 1"). Specifically, KPMG shall prepare
the Returns set forth in appendices in the Tax Compliance EL 1.

     B. Succeeding Year Estimated Tax Payments, Extensions

        i. KPMG will prepare first quarter estimated tax payments
and request extensions of the time to file the Returns for the tax
year immediately succeeding the last tax year included in the Tax
Compliance EL 1, subject to fee adjustments as described in the
fees section of Tax Compliance EL 1 and approved by the Debtors in
writing (email acceptable).

     C. Succeeding Year Planning Activities

        i. KPMG will provide preliminary engagement planning
activities related to the Returns for the tax year immediately
succeeding the last tax year covered by Tax Compliance EL 1.

     D. U.S. Federal Corporate Alternative Minimum Tax

        i. For each year covered under Tax Compliance EL 1, the
Debtors and KPMG will agree in writing (email acceptable) the
additional fees KPMG will incur to compute the Debtors' CAMT
analysis, calculations, and reporting, as applicable, as part of
preparing the Returns and extensions included in the aforementioned
EL.

     E. U.S. Tax Forms 945/1099 Series and Forms 1042/1042-S

        i. KPMG will prepare and transmit original and amended, as
required, tax information returns for the 2019-2023 tax year, as
described in the engagement letter dated July 11, 2025, (the "Tax
Compliance EL 2"), (collectively, the "Returns");

     F. Additional Information Reporting and Withholding Tax
Compliance Scope

        i. If the Debtors identify additional tax returns requiring
amendment or initial filings are identified, at the request and
approval of the Debtors, KPMG will prepare and submit such forms.

     G. Succeeding Year Planning Activities

        i. KPMG will provide preliminary engagement planning
activities related to the Returns for the tax year immediately
succeeding the last year covered by the Tax Compliance EL 2.

Tax Consulting Services

   Distressed Company Services

     A. KPMG shall analyze U.S. federal, state, local, and
international tax implications of the Debtors' potential
restructuring of its debt and/or capital structure (the "Potential
Restructuring").

     B. Tax Structuring Alternatives

       i. Provide observations and recommendations on the tax
profile of the intended resulting operating structure and also in
connection with the execution of the Potential Restructuring and
any transaction documents, including intercompany agreements,
financing, and management incentive plans; and

       ii. Evaluate structural alternatives and prepare a set of
structure slides to outline the tax steps needed to be taken to
meet the desired tax transaction end state in a variety of
potential scenarios (in coordination with your legal counsel).

     C. Transaction Execution Consultation

       i. Read and comment on tax aspects of drafts of the
transaction agreements prepared by the Debtors and/or the Debtors'
legal counsel;

       ii. Read and comment on tax aspects of draft disclosures,
draft presentations describing the Potential Restructuring, and
draft partnership operating agreements prepared by the Debtors
and/or the Debtors' legal counsel/financial advisors;

       iii. Assist the Debtors, from a tax structuring perspective,
in discussions with creditors (and any other third parties) tax
counsel; and

       iv. Prepare technical memoranda to summarize the tax
transaction structure and document the resolution of significant
tax matters that may arise over the course of the engagement.

     D. Additional Transaction Services

       i. At the Debtors' request, KPMG will provide tax advice
with respect to other tax matters associated with the Potential
Restructuring, post-acquisition business activities or operation of
the structure.

     E. KPMG shall provide routine general tax consulting on
matters that may arise for which the Debtors seek advice, written
and oral, and that are not the subject of a separate engagement
letter.

The firm will be paid as follows:

Audit Services

The firm will be paid: (i) a fixed fee of $495,000 for services
relating to audit of consolidated balance sheets of Maverick Gaming
LLC and (ii) a fixed fee of $45,000 related to performing
procedures to document compliance with the MICS.

The hourly rates for any Out-of-Scope Services are as follows:

     Partners             $715
     Managing Directors   $685
     Senior Managers      $600
     Managers             $530
     Senior Associates    $480
     Associates           $380

Tax Compliance Services

KPMG and the Debtors have agreed to a fixed fee of $375,000 for the
2024 tax year, and $200,000 for the 2025 tax year for services
related to Tax Compliance EL 1.

For Tax Compliance EL 2, the information reporting and withholding
tax compliance services will be provided on a fixed fee basis.

   A. 2019-2023 Form W2-G/Form1042-S remediation -- approximate
fees for 9,277 forms at $10/Form ($92,770);

   B. Form 945 -- 5 amended forms 945 at $5,000/Form ($25,000);

   C. Form 1042 -- 5 amended forms 1042 at $5,000/Form ($25,000)

Tax Consulting Services

For tax consulting services rendered to the Debtors the firm will
be paid at these hourly rates:

     Partners                     $943 to $1,615
     Managing Directors           $920 to $1,437
     Directors/Senior Managers    $858 to $1,233
     Managers                     $666 to $1,122
     Senior Associates            $484 to $850
     Associates                   $361 to $519

During the 90-day period prior to the Petition Date, KPMG received
$740,738 from the Debtors for professional services performed and
expenses incurred.

Mr. Kelly 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:

The firm can be reached through:

     Ryan J. Kelly
     KPMG LLP
     1753 Market Street Suite 4000
     Philadelhia, PA 19103-7501
     Tel: (267) 256-7000
     Fax: (267) 256-7200

              About RunItOneTime LLC

RunItOneTime LLC, formerly known as Maverick Gaming LLC,
headquartered in Kirkland, Washington, is a regional casino and
cardroom operator across Washington State, Nevada, and Colorado.
The company operates a portfolio of 31 properties, with 1,800 slot
machines, 350 table games, 1,020 hotel rooms, and 30 restaurants.
Maverick was founded in 2017 by Eric Persson and Justin Beltram,
who hold over 70% ownership in the company.

RunItOneTime LLC and 67 affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90191) on
July 14, 2025.  In its petition, RunItOneTime estimated assets and
liabilities between $100 million and $500 million each.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Latham & Watkins LLP as counsel; and Hunton
Andrews Kurth LLP, as bankruptcy co-counsel.  The Debtors also
engaged GLC Advisors & Co., LLC and GLC Securities, LLC, as
investment banker, and Triple P TRS, LLC as financial advisor.  The
Debtors' tax advisor is KPMG LLP.


RUNITONETIME LLC: Hires Latham & Watkins LLP as Co-Counsel
----------------------------------------------------------
RunItOneTime LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Latham & Watkins LLP as co-counsel.

The firm will provide these services:

   a) advise the Debtors with respect to their powers and duties as
debtors in possession in the continued management and operation of
their businesses and properties;

   b) advise and consult on the conduct of the Chapter 11 Cases,
including all of the legal and administrative requirements of
operating in chapter 11;

   c) advise the Debtors and take all necessary action to protect
and preserve the Debtors' estates, including prosecuting actions on
the Debtors' behalf, defending any action commenced against the
Debtors, and representing the Debtors' interests in negotiations
concerning litigation in which the Debtors are involved;

   d) analyze proofs of claim filed against the Debtors and object
to such claims as necessary;

   e) represent the Debtors in connection with obtaining authority
to continue using cash collateral and obtain post-petition
financing;

   f) attend meetings and negotiate with representatives of
creditors, interest holders, and other parties in interest;

   g) analyze executory contracts and unexpired leases and
potential assumptions, assignments, or rejections of such contracts
and leases;

   h) prepare pleadings in connection with the Chapter 11 Cases,
including motions, applications, answers, orders, reports, and
papers necessary or otherwise beneficial to the administration of
the Debtors' estates;

   i) advise the Debtors in connection with any potential sale of
assets;

   j) take necessary action on behalf of the Debtors to obtain
approval of a disclosure statement and confirmation of a chapter 11
plan;

   k) appear before this Court or any appellate courts to protect
the interests of the Debtors' estates before those courts;

   l) advise on corporate, litigation, regulatory, finance, tax,
employee benefits, and other legal matters; and

   m) perform all other necessary legal services for the Debtors in
connection with the Chapter 11 Cases.

The firm will be paid at these rates:

     Partners            $1,680 to $2,650 per hour
     Counsel             $1,595 to $2,070 per hour
     Associates          $835 to $1,635 per hour
     Professional Staff  $255 to $980 per hour
     Paralegals          $355 to $755 per hour

During the 90-day period prior to the Petition Date, the firm
received payments and advances in the aggregate amount of
$3,443,684.72.

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

The following is provided in response to the request for additional
information set forth in Paragraph D.1 of the U.S. Trustee
Guidelines:

   a. Question: Did the firm agree to any variations from, or
alternatives to, L&W's standard billing arrangements for this
engagement?

   Answer: No.

   b. Question: Do any of the firm professionals in this engagement
vary their rate based on the geographic location of the Debtors'
chapter 11 cases?

   Answer: No.

   c. Question: If the firm has represented the Debtors in the 12
months prepetition, disclose the firm's billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If the firm's billing
rates and material financial terms have changed postpetition,
explain the difference and the reasons for the difference.

   Answer: The firm's current hourly rates for services rendered on
behalf of the Debtors are set forth in paragraph 14 above. Since
May 1, 2025, the firm used the following rates for services
rendered on behalf of the Debtors: $1,595 to $2,850 for partners;
$1,595 to $2,450 for counsel; $835 to $1,820 for associates; $255
to $1,260 for professional staff; and $305 to $970 for paralegals.
All material financial terms have remained unchanged since such
prepetition period, except (i) the rates for certain lawyers
advising the Debtors in these Chapter 11 Cases will be limited by
the applicable rates ranges set forth in paragraph 14 of the
application and (ii) for a postpetition 50% discount for
non-working travel time.

   d. Question: Have the Debtors approved the firm's budget and
staffing plan and, if so, for what budget period?

   Answer: The Debtors have approved the budgeted fees and expenses
of the firm, reflected in the amounts set forth for professional
fees in the approved (13-week) budget appended to the Second
Interim Order (I) Authorizing Postpetition Financing and Use of
Cash Collateral and (II) Granting Related Relief as Exhibit 3
thereto.

Helena Tseregounis, Esq., a partner at Latham & Watkins LLP,
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:

     Helena Tseregounis, Esq.
     Latham & Watkins LLP
     12670 High Bluff Drive
     San Diego, CA 92130
     Tel: (858) 523-5400
     Fax: (858) 523-5450

              About RunItOneTime LLC

RunItOneTime LLC, formerly known as Maverick Gaming LLC,
headquartered in Kirkland, Washington, is a regional casino and
cardroom operator across Washington State, Nevada, and Colorado.
The company operates a portfolio of 31 properties, with 1,800 slot
machines, 350 table games, 1,020 hotel rooms, and 30 restaurants.
Maverick was founded in 2017 by Eric Persson and Justin Beltram,
who hold over 70% ownership in the company.

RunItOneTime LLC and 67 affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90191) on
July 14, 2025.  In its petition, RunItOneTime estimated assets and
liabilities between $100 million and $500 million each.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Latham & Watkins LLP as counsel; and Hunton
Andrews Kurth LLP, as bankruptcy co-counsel.  The Debtors also
engaged GLC Advisors & Co., LLC and GLC Securities, LLC, as
investment banker, and Triple P TRS, LLC as financial advisor.  The
Debtors' tax advisor is KPMG LLP.



RUNITONETIME LLC: Hires Triple P TRS as Restructuring Advisor
-------------------------------------------------------------
RunItOneTime LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Triple P TRS, LLC ("Portage Point") as restructuring advisor.

The firm's services include:

   a. assisting in the evaluation and / or development of a
short-term cash flow model and / or related liquidity management
tools for the Company for such purpose(s) as the Company may
require;

   b. assisting in the evaluation and/or development of various
strategic and/or financial alternatives and financial analyses for
such purpose(s) as the Company may require;

   c. assisting the Company in its engagement and negotiations with
its various constituents;

   d. assisting in the evaluation and implementation of contingency
planning related to Company's commencing or otherwise becoming the
subject of a case under chapter 11 of title 11 of the United States
Code (any such case, a "Chapter 11 Case");

   e. assisting in obtaining and presenting information required by
parties in interest in a Chapter 11 Case;

   f. assisting in the preparation of other business, financial
and/or other reporting related to a Chapter 11 Case;

   g. providing testimony and other litigation support if requested
by the Company or its legal counsel; and

   h. assisting with such other matters as may be requested by the
Company that are within Portage Point's expertise and otherwise
mutually agreeable to Portage Point and the Company.

The firm will be paid at these rates:

     CEO                   $1,150 per hour
     Service Line Leader   $950 to $995 per hour
     Managing Director     $895 to $950 per hour
     Director              $695 to $780 per hour
     Vice President        $550 to $675 per hour
     Associate             $395 to $450 per hour

Prior to the Petition Date, Portage Point received advance payments
totaling $550,000.

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

Thomas Studebaker, managing director at Portage Point Partners,
disclosed in a court filing that the firm is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Thomas Studebaker
     Portage Point Partners, LLC
     300 North LaSalle, Suite 1420
     Chicago, IL 60654
     Email: tstudebaker@pppllc.com
     Tel: (312) 781-7520

              About RunItOneTime LLC

RunItOneTime LLC, formerly known as Maverick Gaming LLC,
headquartered in Kirkland, Washington, is a regional casino and
cardroom operator across Washington State, Nevada, and Colorado.
The company operates a portfolio of 31 properties, with 1,800 slot
machines, 350 table games, 1,020 hotel rooms, and 30 restaurants.
Maverick was founded in 2017 by Eric Persson and Justin Beltram,
who hold over 70% ownership in the company.

RunItOneTime LLC and 67 affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90191) on
July 14, 2025. In its petition, RunItOneTime estimated assets and
liabilities between $100 million and $500 million each.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Latham & Watkins LLP as counsel; and Hunton
Andrews Kurth LLP, as bankruptcy co-counsel. The Debtors also
engaged GLC Advisors & Co., LLC and GLC Securities, LLC, as
investment banker, and Triple P TRS, LLC as financial advisor. The
Debtors' tax advisor is KPMG LLP.


SAKS GLOBAL: S&P Lowers ICR to 'SD' on Debt Restructuring
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on luxury
retailer Saks Global Enterprises LLC to 'SD' (selective default)
from 'CC' and its issue-level rating on its notes issued in Dec.
2024 to 'D' (default) from 'CC'.

Saks Global completed its debt restructuring on Aug. 20, 2025,
which included the exchange of notes issued in Dec. 2024.

S&P views the transaction as tantamount to a default because it
included a debt exchange at a discount and the re-tiering of its
outstanding senior secured notes issued in Dec. 2024.

S&P said, "We will evaluate the company's revised capital structure
and its recent strategic initiatives when we have sufficient
information on the go-forward capital structure and expect to raise
the issuer credit rating to the 'CCC' category at that time.

"The downgrade follows the completion of Saks Global's debt
restructuring, which we view as tantamount to default. On Aug. 20,
2025, Saks Global completed an exchange offer of its $2.2 billion
senior secured notes issued in Dec. 2024 due 2029. As a result of
the transaction early settlement, which consisted of about 98% of
the notes' outstanding amount, the company issued $463 million of
special-purpose vehicle notes issued by SGUS LLC, a newly created
wholly owned subsidiary of Saks Global, $1.4 billion of second-out
exchanged notes, and $441 million of third-out exchanged notes
issued by Saks Global.

"As part of the exchange transaction, the company has received new
money totaling approximately $600 million from participating
lenders, improving its liquidity position. We view the transaction
as tantamount to default because of the company's weakening
liquidity position leading up to the transaction and free operating
cash flow (FOCF) deficit. Furthermore, initial senior secured note
lenders are getting less than originally promised due to the below
par debt exchange, which resulted in an overall discount of about
$115 million compared with pre-transaction amounts and the
re-tiering of its position in the capital structure.

"The new money will provide Saks Global with additional liquidity
to execute its turnaround plan. We expect the company will use the
proceeds of $600 million from its financing package to build
inventory position, pay its vendors, and invest in synergies from
the Neiman Marcus group acquisition.

Saks Global has faced pronounced revenue volatility and operating
performance deterioration in the last three years, largely due to a
disruption in its inventory flow. Revenue declined 14% on a pro
forma basis in the first quarter (ended May 3, 2025), while its
reported FOCF deficit decreased to $184 million, led by a working
capital improvement. Overdue payments, borrowing base constraints,
and seasonal inventory building resulted in continued deterioration
in the company's liquidity position leading up to the exchange
transaction announced on June 27, 2025.

While the present financing package provides the company with
short-term liquidity relief, we expect incremental annual interest
expenses will represent an additional hurdle to the company's
ability to generate FOCF.



SAMMY G'S: Gets Interim OK to Use Cash Collateral
-------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, approved a stipulation allowing Sammy G's
District 70 BBQ & Grill, LLC to use the cash collateral of the
Texas Comptroller of Public Accounts and the Texas Workforce
Commission.

Both agencies consented to the Debtor's use of cash collateral and
other real and personal property in which they hold a secured
interest, on an interim basis, subject to the Debtor complying with
the conditions of the stipulation and the budget.

The parties also agree that the Debtor may exceed any line item in
the budget by 5%, the overall budget by 10%, and if the Debtor
needs to exceed over and above these amounts, it will be required
to obtain consent from both agencies or obtain a court order
authorizing the overage.

As adequate protection for the use of their cash collateral, the
agencies will be granted replacement liens on all post-petition
cash collateral and post-petition acquired property to the same
extent and priority they possessed as of the petition date only as
to the diminution in value of their liens, if any.  

In addition, the Debtor will pay $5,800 to the Comptroller and $500
to TWC within three days of the execution of the stipulation.

As further protection to the Comptroller, the Debtor will pay
$2,500 monthly, starting on September 10 and until a plan is
confirmed or via agreement of the parties.

As of the petition date, the Debtor had failed to pay several
months of sales tax, mixed beverage sales tax, and mixed beverage
gross receipts taxes due to the Comptroller, as well as employment
taxes due to the TWC. The Comptroller and the TWC estimates that
the Debtor owes then $93,391.48 and $6,035.48, respectively.

The Debtor previously filed an emergency motion for use of cash
collateral. The court denied the motion as moot on August 21.  

            About Sammy G's District 70 BBQ & Grill LLC

Sammy G's District 70 BBQ & Grill, LLC operates a restaurant in
Seabrook, Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No.  25-34839) on August 20,
2025. In the petition signed by Sammy Grizzaffi, owner/managing
partner, the Debtor disclosed up to $500,000 in assets and up to
$100,000 in liabilities.

Judge Jeffrey P. Norman oversees the case.

Reese Baker, Esq., at Baker & Associates, represents the Debtor as
legal counsel.




SAMYS OC: Seeks to Tap Foundations Commercial Real Estate as Broker
-------------------------------------------------------------------
Samys OC, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Kansas to employ Foundations Commercial Real Estate as
real estate broker.

The Debtor needs a broker to sell its real property located at 545
Wakarusa Drive, Lawrence, Kansas.

The broker will receive a commission 6 percent of the property's
sale price.

Kirsten Flory, president of Foundations Commercial Real Estate,
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 broker can be reached through:

     Kirsten Flory
     Foundations Commercial Real Estate
     912 N. 3rd St.
     Lawrence, KS 66044
     Telephone: (785) 766-6568
     
                       About Samys OC LLC

Samys OC, LLC filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Kan. Case No. 24-11166) on
Nov. 14, 2024, listing up to $50,000 in assets and $10 million to
$50 million in liabilities. The petition was signed by Amro M. Samy
as managing member.

Judge Mitchell L. Herren oversees the case.

The Debtor tapped Lora J. Smith, Esq., at Hinkle Law Firm as
counsel and Varney & Associates, CPAs, LLC as accountant.


SANTA ANA EXPRESS: Seeks Cash Collateral Access
-----------------------------------------------
Santa Ana Express Car Wash LLC asks the U.S. Bankruptcy Court for
the Central District of California, Riverside Division, for
authority to use cash collateral and provide adequate protection.

The Debtor argues that the use of cash collateral is necessary to
pay ordinary business expenses such as cleaning supplies,
maintenance, insurance, management fees, and urgently needed
equipment replacement.

The Debtor operates a car wash located at 2035 N. Tustin Avenue in
Santa Ana, California. The property, which it owns, has an
estimated market value of $4.290 million, and the Debtor's personal
property assets, including cash, supplies, and equipment, are
valued at approximately $133,956. The secured creditors include T
Bank, N.A. with a $3.82 million claim, Bay Area Development Co.
with a $2.27 million SBA loan, and the Orange County Treasurer-Tax
Collector with a property tax claim of $180,000. All secured claims
are backed by the real property, totaling approximately $6.27
million in secured obligations. The Debtor has no scheduled
priority claims, but there are disputed general unsecured claims
arising from two lawsuits—one involving breach of contract and
another concerning alleged vehicle damage.

The bankruptcy filing was prompted by macroeconomic factors that
significantly impacted the Debtor's revenue. Despite these
challenges, the Debtor maintains a favorable business location with
strong community reviews and believes it can restore cash flow and
successfully reorganize.

To protect secured creditors, the Debtor proposes to provide T
Bank, N.A., the first-position lienholder, with a replacement lien
on post-petition assets equivalent to the value of the used cash
collateral. Additionally, the Debtor offers T Bank a monthly
adequate protection payment of $10,000, beginning within seven days
of court approval. Bay Area Development Co. and the Orange County
Treasurer would also receive replacement liens but no monthly
payments, as Bay Area's claim is expected to be partially unsecured
and the tax claim is already protected under bankruptcy law.

A copy of the motion is available at https://urlcurt.com/u?l=A4Iypq
from PacerMonitor.com.

         About Santa Ana Express Car Wash LLC

Santa Ana Express Car Wash LLC, doing business as Speedy Clean Car
Wash, operates a car wash facility at 2035 N. Tustin Avenue in
Santa Ana, California.  The Company provides quick, environmentally
friendly car wash services featuring a wash completed in
approximately six minutes along with free vacuum stations and
monthly membership options.

Santa Ana Express Car Wash LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-15662) on
August 12, 2025. In its petition, the Debtor reports estimated
assets and liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Mark D. Houle handles the case.

The Debtor is represented by Michael Jay Berger, Esq. at LAW
OFFICES OF MICHAEL JAY BERGER.



SD BACKYARD: Hires Thai Binh Financial Services as Bookkeeper
-------------------------------------------------------------
SD Backyard, LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of California to employ Thai Binh Financial
Services as bookkeeper.

The firm will provide bookkeeping services, which are necessary for
the administration of the estate, including, but not limited to:
everyday bookkeeping services; bank reconciliation; creation of
balance sheets, profit and loss statements, income and expense
statements; and preparation of sales tax and corporate income tax
returns.

The firm will be paid at the rate of $300 per hour.

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

Mr. Nguyen 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:

     Henry Nguyen
     Thai Binh Financial Services
     6947 Linda Vista Road #C
     San Diego, CA 92111
     Tel: (858) 467-0833
          (858) 277-3999
     Fax: (858) 467-9539

              About SD Backyard, LLC

SD Backyard, LLC is a San Diego-based restaurant group that
operates multiple Asian cuisine restaurants including Steamy Piggy,
Formoosa, Yun, Viet Nom, and Oi Shiba.

SD Backyard sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Calif. Case No. 25-02776) on July 1, 2025. In its
petition, the Debtor reported estimated assets between $50,000 and
$100,000 and estimated liabilities between $500,000 and $1
million.

The Debtor is represented by Gary B. Rudolph, Esq., at Fennemore,
LLP.


SERENITY TENDER: Case Summary & 14 Unsecured Creditors
------------------------------------------------------
Debtor: Serenity Tender Care Services, LLC
        7101 N. 55th Ave.
        Glendale, AZ 85301

Business Description: Serenity Tender Care Services, established
                      in April 2017, provides care and social
                      services for individuals with developmental
                      disabilities, focusing on improving quality
                      of life and teaching coping skills,
                      operating primarily in Maricopa County,
                      Arizona, with licensure to serve the entire
                      state.

Chapter 11 Petition Date: August 22, 2025

Court: United States Bankruptcy Court
       District of Arizona

Case No.: 25-07941

Debtor's Counsel: M. Preston Gardner, Esq.
                  DAVIS MILES MCGUIRE GARDNER, PLLC
                  999 Playa del Norte, Suite 510
                  Tempe, AZ 85288
                  Tel: (480) 733-6800
                  Fax: (480) 733-3748
                  E-mail: azbankruptcy@davismiles.com

Total Assets: $772,367

Total Liabilities: $1,288,365

The petition was signed by Ovie Emeofa as manager.

A full-text copy of the petition, which includes a list of the
Debtor's 14 unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/V2EGEPA/SERENITY_TENDER_CARE_SERVICES__azbke-25-07941__0001.0.pdf?mcid=tGE4TAMA


SGH LLC: S&P Ups ICR to 'B-', Off Watch on Successful Refinancing
-----------------------------------------------------------------
S&P Global Ratings raised its long-term issuer credit rating on SGH
LLC to 'B-' from 'CCC+' and removed it from CreditWatch with
positive implications. S&P also assigned a 'B-' rating to the term
loan B (TLB) issued by SGH2 LLC with a recovery rating of '3'.

The stable outlook indicates that S&P expects SGH LLC to expand its
earnings base, enabling it to lower adjusted debt to EBITDA to
below 5.0x by 2027.

SGH LLC improved its liquidity and capital structure by issuing a
EUR660 million seven-year term loan B (TLB) and a EUR90 million
five-year revolving credit facility (RCF) to refinance EUR584
million of existing debt and purchase a leased vessel for EUR50
million.

Pro forma the transaction, S&P expects SGH LLC's S&P Global
Ratings-adjusted debt to EBITDA to reduce to 5.9x in 2025 from 9.9x
in 2024, due to improved operating performance.

The upgrade is underpinned by SGH LLC's improved capital structure
following the successful completion of the refinancing transaction.
SGH LLC issued a EUR660 million TLB maturing in 2032 and a EUR90
million super senior RCF maturing in 2030 to refinance its existing
capital structure and extend debt maturities. The new TLB includes
U.S. dollar and euro tranches. The proceeds are being used to repay
EUR95 million in outstanding facilities from BP/BH maturing in
2026, a EUR350 TLB million maturing in 2027, and a EUR96 million
amortizing facility from KfW maturing in 2035. S&P understands the
EUR37 million facility from P Capital Partners maturing in 2028
will be repaid in 2026 with cash placed in escrow as part of the
refinancing transaction.

S&P said, "We expect continued growth for SGH LLC in 2025 and
project revenue to reach EUR706 million--a significant increase
from EUR576 million in 2024--driven by favorable booking momentum
and improved occupancy rates. We expect this growth to further
bolster profitability, with an S&P Global Ratings-adjusted EBITDA
margin rising to 25%-30% by 2027 and an S&P Global Ratings-adjusted
debt-to-EBITDA ratio decreasing to 5.9x by 2025 and 4.3x by 2027.
While high capital expenditure (capex), particularly for the
construction of six new vessels, will initially constrain cash flow
generation and result in negative free operating cash flow (FOCF)
in 2025 and 2026, we expect SGH LLC to return to positive cash flow
in 2027 as capex reduces and the new vessels progressively
contribute to earnings.

"We expect SGH LLC to perform in line with our base case, leading
to a continued decline in S&P Global Ratings-adjusted debt to
EBITDA to approximately 4.5x in 2027 from about 6.0x in 2025. This
improvement will be driven by continued increases in occupancy and
higher capacity, which we anticipate will lift EBITDA generation
and margins.

"We expect FOCF after leases to be slightly negative as the company
invests in new ships. However, we note that SGH LLC expects to
receive export credit agency funding for a new luxury ocean vessel,
which will help mitigate potential liquidity risks. We project FOCF
after leases to turn positive in 2027 as capital expenditures
reduce and the new vessels progressively contribute to earnings."

S&P could lower the rating if:

-- SGH LLC's operating performance does not improve in line with
our forecast, such that leverage remains high and FOCF negative for
a prolonged period, resulting in capital structure that we view as
unsustainable; or

-- The group's liquidity position deteriorates.

S&P could consider an upgrade if the group improved its earnings
and profit margins beyond our base case, supporting sustained
positive FOCF generation and stronger deleveraging from current
levels.

An upgrade would also depend on the group's financial policy
supporting reduced leverage metrics on a sustainable basis.



SONDER HEALTH: Enters Receivership Amid Insolvency
--------------------------------------------------
Jakob Emerson of Becker's Payer Issues reports that the Superior
Court of Fulton County, Georgia placed Sonder Health Plans into
receivership with the state insurance department on August 13,
2025, citing the insurer's insolvency and inability to secure new
funding. Sonder had been under administrative supervision since
April 11. Regulators determined that continued operations would
pose risks to policyholders and providers, according to an August
15, 2025 release.

The company's Medicare Advantage plan will terminate on October 1,
2025. The Centers for Medicare & Medicaid Services (CMS) has
established a special enrollment period, running from August 13 to
October 31, 2025 for members to select new coverage. Those who do
not enroll will return to original Medicare and be automatically
placed in a Part D drug plan, according to Becker's Payer Issues.

Founded in 2018, Sonder served about 24,000 members across Medicare
Advantage, C-SNP, and D-SNP plans.

                    About Sonder Health Plans

Sonder Health Plans is a health insurance company that provides
medical services intended for senior citizens and vulnerable
individuals.


SOUTHWEST FIRE: Hires Avitia Business Services as Bookkeeper
------------------------------------------------------------
Southwest Fire Defense, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Mexico to employ Avitia Business
Services LLC as bookkeeper.

The firm will render bookkeeping services to the Debtor.

The firm will be paid at these rates:

     Bookkeeping Service           $2,100
     GRT Monthly or Quarterly      $2,100
     1 Hour Monthly Review         $2,100
     Managed Audit Support           $500
     Bankruptcy Support            $1,300

Dulce Marti, a representative at Avitia Business Services,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:
   
     Dulce Marti
     Avitia Business Services LLC
     5112 Truchas Lane
     Santa Fe, NM 87507

                About Southwest Fire Defense LLC

Southwest Fire Defense, LLC provides emergency same-day hazard tree
removal, tree trimming, stump grinding, defensible space creation
and tree risk assessment services in the Santa Fe, New Mexico area.
Founded in 2014 by former firefighter Daniel A. Martinez, the
company offers free estimates.

Southwest Fire Defense filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. D.N.M. Case No.
25-10924) on July 28, 2025. In its petition, the Debtor reported
total assets of $706,464 and total liabilities of $1,530,318.

Judge Robert H. Jacobvitz handles the case.

The Debtor tapped Chris Gatton, Esq., at Gatton & Associates, PC as
counsel and Avitia Business Services LLC as bookkeeper.


SPIRIT AIRLINES: Downgraded 2 Notches After Cash Borrowing
----------------------------------------------------------
Eliza Ronalds-Hannon and Steven Church of Bloomberg News report
that Moody's Ratings lowered Spirit Airlines' credit rating by two
notches to Caa3 after the airline accessed $275 million from its
revolving credit facility to address liquidity concerns.

A pending deadline under its credit card processing agreement with
U.S. Bank had threatened the company's viability. Spirit intends to
use a portion of the borrowed funds to extend that deadline by up
to two years.

                  About Spirit Airlines

Spirit Airlines, Inc. (SAVE) is a low-fare carrier committed to
delivering the best value in the sky by offering an enhanced travel
experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/              

Spirit Airlines and its affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after
reaching terms of a pre-arranged plan with bondholders.

At the time of the filing, Spirit Airlines reported $1 billion to
$10 billion
in both assets and liabilities. Judge Sean H. Lane oversees the
case.

The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC, as financial advisor; and
Perella Weinberg Partners LP as investment banker. Epiq Corporate
Restructuring, LLC, is the claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.

The official committee of unsecured creditors retained Willkie Farr
& Gallagher LLP as counsel.

Citigroup Global Markets, Inc., is serving as financial advisor and
Latham & Watkins LLP is serving as legal counsel to Frontier.


SSS PROPERTIES: Seeks to Hire Forbes Law LLC as Attorney
--------------------------------------------------------
SSS Properties, LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Ohio to hire Forbes Law LLC as
attorneys.

The firm will render these services:

     a. advise the Debtor as to its rights, duties and powers as a
Debtor in possession;

     b. prepare and file the Statements, Schedules, Plans and other
documents and pleadings necessary to be filed by the Debtor in this
case;

     c. represent the Debtor at all hearings, meetings of
creditors, conferences, trials, and other proceedings in this case;
and

     d. perform other legal services as may be necessary in
connection with this case.

The firm will bill these hourly rates:

     Attorneys      $425
     Associates     $250
     Paralegals     $175

Forbes Law received a retainer fee of $3,000.

Glenn E. Forbes, Esq. attests that he and his law firm are
disinterested persons, as that term is defined in the Bankruptcy
Code, and do not hold or represent an interest adverse to the
estate with respect to the matter on which they are proposed to be
employed.

The counsel can be reached through:

     Glenn E. Forbes, Esq.
     FORBES LAW LLC
     166 Main Street
     Painesville, OH 44077
     Tel: (440) 357-6211
     Fax: (440) 357-1634
     E-mail: gforbed@geflaw.net
             bankruptcy@geflaw.net

           About SSS Properties, LLC

SSS Properties, LLC sought protection for relief under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-13457) on
August 12, 2025, listing $100,001 to $500,000 in assets and up to
$50,000 in liabilities.

Judge Jessica E Price Smith presides over the case.

Glenn E. Forbes, Esq., at Forbes Law, LLC represents the Debtor as
bankruptcy counsel.


STACKSONSTACKS LLC: Hires Ghiorso Law Firm as Legal Counsel
-----------------------------------------------------------
Stacksonstacks, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Oregon to employ Ghiorso Law Firm as counsel.

The firm will provide:

   a. legal advice on all aspects of Chapter 11, including first
day motions, motions for relief of stay, monthly reporting
requirements, negotiations with creditors, litigation, formulation
of a disclosure statement and plan of reorganization;

   b. advice on aspects of Chapter 11 bankruptcy representation and
related litigation in the Bankruptcy Court and any other necessary
court; and

   c. such other services as are in the interest of the Debtor.

The firm will be paid at these rates:

     William L. Ghiorso       $300 per hour
     Law Clerks               $50 per hour
     Secretary                $35 per hour

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

Mr. Ghiorso 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:

     William L. Ghiorso, Esq.
     Ghiorso Law Firm
     494 State Street Ste. 300
     Salem, OR 97302
     Tel: (503) 362-8966

              About Stacksonstacks, LLC

Stacksonstacks, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D. Or. Case No. 25-61915) on July 8, 2025. The Debtor hires Ghiorso
Law Firm as counsel.


STOLI GROUP: Revises Chapter 11 Bankruptcy Plan w/ Lender Backstop
------------------------------------------------------------------
Rick Archer of Law360 reports that on Friday, August 22, 2025,
vodka producer Stoli Group USA informed a Texas bankruptcy judge
that it has amended its plan to partially repay secured debt with
liquor by including a partial real estate backstop, while
continuing to propose covering much of the loan with barrels of
unfinished bourbon.

                 About Stoli Group (USA) LLC

Stoli Group (USA), LLC is a producer, manager, and distributor of a
global portfolio of spirits and wines.

Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions
(Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At
the time of the filing, Stoli Group (USA) reported $100 million to
$500 million in assets and $10 million to $50 million in
liabilities while Kentucky Owl reported $50 million to $100 million
in assets and $50,000,001 to $100 million in liabilities.

Judge Scott W. Everett handles the cases.

Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's
legal counsel.

Fifth Third Bank, N.A., as lender, is represented by Brent
McIlwain, Esq. and Christopher A. Bailey, Esq. at Holland & Knight,
LLP and Jeremy M. Downs, Esq. and Steven J. Wickman, Esq. at
Goldberg Kohn, Ltd.


STONE CLINICAL: Court Narrows Claims in Whale Capital Lawsuit
-------------------------------------------------------------
Judge Darrel James Papillion of the United States District Court
for the Eastern District of Louisiana granted in part and denied in
part the motion for summary judgment filed by Defendants
Christopher Ridgeway, Stephanie Ridgeway, FS Properties of Florida,
LLC, and Stone Capital, LLC, in the case captioned as WHALE
CAPITAL, L.P. VS CHRISTOPHER M. RIDGEWAY, ET AL., Case No.
22-cv-02570-DJP-DPC (E.D. La.).  Claims 3 through 5 are referred to
the United States Bankruptcy Court for the Eastern District of
Louisiana, to be adjudicated in conjunction with Action No.
21-10923.

This case arises out of a failed business venture. In 2016,
Christopher Ridgeway formed a Louisiana limited liability company,
Stone Clinical Laboratories, LLC, to provide laboratory testing
services. Ridgeway solicited investment from Michael Whalen, a
limited partner of Whale Capital. Whale Capital agreed to purchase
a minority stake in SCL and loaned SCL tens of millions of dollars
between 2016 and 2019. Many of these loans were memorialized in
promissory notes. In connection with one promissory note, Ridgeway
and his wife, Stephanie Ridgeway, signed a suretyship agreement,
pledging that they would sell a property in Metairie, Louisiana,
and pay up to $750,000 of the proceeds to Whale Capital solely in
the event of a closure and/or liquidation of SCL.

Soon after SCL was founded, the company and its investors began
discussing the concept of expanding its operations to Florida.
Whale Capital contends it agreed to pour millions into this
expansion under the impression that it owned a stake in the Florida
operations via its minority ownership of SCL. But, Whale Capital
insists, Ridgeway secretly structured SCL's Florida operations in a
completely separate entity, Stone Clinic Laboratories of FL, LLC,
to fraudulently deprive Whale Capital of an ownership share in the
Florida expansion.

In 2019, as SCL sought additional third-party investment to grow
the business, Whale Capital agreed to exchange its ownership
interest in SCL for certain non-transferable warrants covering a 5%
equity stake in SCL subject to a reversion option that would give
Whale Capital the option to retroactively void this exchange. Whale
Capital contends that it properly exercised the reversion option 10
months later, thereby returning Whale Capital to its status as a
minority owner of SCL.

SCL never repaid Whale Capital for its many loans to the company.
Ultimately, Whale Capital sued SCL in Louisiana state court in
April 2021 and, a month later, filed a derivative lawsuit in
Louisiana state court against Ridgeway and others. Around the same
time, the Ridgeways transferred the Metairie property to FS
Properties, an LLC managed by Ridgeway, for $10 and other valuable
consideration.

Whale Capital subsequently filed an involuntary petition of
bankruptcy against SCL in the United States Bankruptcy Court for
the Eastern District of Louisiana, and SCL was adjudicated bankrupt
in January 2022. A reorganization plan was consummated on Jan. 14,
2023, and the Bankruptcy Court confirmed the Plan on Feb. 2, 2023.

Whale Capital filed the instant federal district court action in
August 2022, bringing five claims:

     1. Whale Capital seeks to enforce the surety obligation
against Christopher Ridgeway, Stephanie Ridgeway, and FS
Properties.
     2. Whale Capital brings a fraud claim against Christopher
Ridgeway.
     3. Whale Capital objects to Christopher Ridgeway's claim in
the Bankruptcy Court.
     4. Whale Capital seeks to subordinate Christopher Ridgeway's
bankruptcy claim to its own.
     5. Whale Capital seeks a declaratory judgment against
Christopher Ridgeway and Stone Capital (a separate entity from SCL)
finding that it owns 47% of SCL's equity.

Defendants now move for summary judgment on all of Whale Capital's
claims.  Whale Capital opposes the motion.

Suretyship

In 2018, Whale Capital loaned SCL $1.5 million, memorialized in a
promissory note. In connection with the promissory note, the
Ridgeways signed a suretyship agreement.

Whale Capital claims the suretyship agreement remains enforceable
because the promissory note was never repaid and SCL's bankruptcy
triggered the Ridgeways' suretyship obligations. It seeks damages
or, in the alternative, a court order nullifying the property
transfer to permit a sale pursuant to the surety agreement.

Defendants argue that the suretyship was extinguished when SCL's
bankruptcy trustee settled its bankruptcy adversary action against
Whale Capital, recognizing Whale Capital's full proof of claim and
stipulating that Whale Capital will receive half of all proceeds
distributed to general unsecured creditors until such time as the
general unsecured creditors are paid in full. They argue this
settlement extinguished SCL's principal obligation to Whale
Capital, thereby extinguishing the contingent suretyship
agreement.

According to the District Court, Defendants, however, have failed
to show how the terms of this settlement agreement extinguish the
Ridgeways' obligation under the suretyship agreement. Contrary to
Defendants' arguments, the settlement agreement recognizes Whale
Capital's full claim, and only applies to distributions to all
general unsecured creditors. It says nothing about whether Whale
Capital may seek claims against parties other than SCL, like the
Ridgeways and FS Properties.

Defendants argue that Whale Capital's claim is premature because
the surety agreement is only enforceable in the event of a closure
and/or liquidation of Stone Clinical Laboratories, L.L.C. They
contend SCL has not been liquidated or closed during the bankruptcy
process because its Reorganization Plan provides that the Debtor
shall continue in existence as the Post-Effective Date.

As Whale Capital points out, however, Defendants neglect their own
admission that SCL is closed and no longer conducting its lab
testing business. Moreover, Defendants' argument that SCL is not
closed strains common sense because substantially all of SCL's
assets were sold during the bankruptcy process, save for SCL's
cash, accounts receivable, and claims against third parties,
presumably to be distributed to SCL's creditors. The prevailing
meaning of liquidation is sale of assets to pay off debts, and the
bankruptcy asset sale meets that definition. The District Court
finds the closure and/or liquidation condition of the suretyship
agreement has been satisfied.

Fraud

Whale Capital contends that Ridgeway created a separate entity for
his sole benefit to own and operate SCL's business in Florida
despite representing to Whale Capital that it would have an equity
stake in those operations through its ownership interest in SCL.
Whale Capital claims Ridgeway promised to promptly pay back certain
loans made by Whale Capital to SCL between October and December
2019, when Ridgeway never intended to do so. Defendants move for
summary judgment on both theories of fraud.

Whale Capital claims Ridgeway committed fraud by promising to
promptly repay loans Whale Capital gave SCL when he never actually
intended for SCL to repay the loans. Whale Capital contends SCL was
obligated to immediately turn over any third-party funding to Whale
Capital, regardless of whether those funds were needed for
operational expenses.

The District Court finds this theory of fraud fails because SCL's
obligation under the promissory note to pay Whale Capital "out of
any first monies received" is only a promise of future conduct, not
a representation of a fact then existing. To hold otherwise would
transform any claim for breach of contract into a fraud claim. This
theory of fraud is, therefore, dismissed.

Objection to Ridgeway's Bankruptcy Claim

Ridgeway submitted a claim for $3,233,379.25 in the bankruptcy
proceedings as an unsecured creditor of SCL. In this case, Whale
Capital objects to Ridgeway's claim, arguing Ridgeway's claim is
subject to setoff for the damages Christopher Ridgeway caused SCL
by his breaches of fiduciary duty as manager of SCL.

According to the Court, Whale Capital has not cleared the hurdles
necessary to bring this claim in the district court. Moreover, it
is also possible Whale Capital could lack prudential standing to
assert this claim. According to the District Court, the Bankruptcy
Court is better positioned to address that issue, so this claim
shall therefore be referred to the Bankruptcy Court.

Subordination of Ridgeway's Bankruptcy Claim

Whale Capital also seeks to subordinate Ridgeway's bankruptcy claim
on the basis that Ridgeway disguised the true ownership structure
of the Florida operations.

Defendants argue this claim must fail because Whale Capital lacks
standing as an individual creditor to seek subordination. They also
argue that this claim should be adjudicated by the Bankruptcy
Court.

Whale Capital concedes this claim is subject to the General Order
of Reference, and this claim has not been withdrawn from the
Bankruptcy Court.  Whale Capital has not shown that this claim
should proceed in the district court, and this claim shall,
therefore, be referred to the Bankruptcy Court.

Declaratory Judgment

Unlike Claims 3 and 4, Whale Capital does not concede this claim is
subject to the General Order of Reference. According to the
District Court, this claim is subject to the General Order of
Reference and has not been withdrawn, so this claim shall be
referred to the Bankruptcy Court.

A copy of the Court's Order dated August 8, 2025, is available at
https://urlcurt.com/u?l=HCkJzp from PacerMonitor.com.

                About STONE Clinical Laboratories

STONE Clinical Laboratories, LLC is a full-service clinical
reference laboratory that specializes in preventative and molecular
diagnostics testing. The company is based in New Orleans, La.

On July 15, 2021, Whale Capital, L.P., Hologic, Inc. and Woman's
Hospital Foundation filed an involuntary Chapter 11 petition
against the Debtor. On Jan. 10, 2022, the court entered the order
for relief, thereby, commencing the Chapter 11 case (Bankr. E.D.
La. Case No. 21-10923). The petitioning creditors are represented
by The Derbes Law Firm LLC, Jaffe Raitt Heuer & Weiss P.C., and The
McCarthy Law Firm.

Judge Meredith S. Grabill presides over the case.

Heller, Draper & Horn, LLC and Gordian Seaport Advisors, LLC serve
as the Debtor's legal counsel and investment banker, respectively.

David Asbach, acting U.S. Trustee for Region 5, appointed an
official committee of unsecured creditors on Feb. 3, 2022. The
committee is represented by Liskow & Lewis, APLC.



SUMMIT HARD: Hires Bell Gould Linder as Legal Counsel
-----------------------------------------------------
Summit Hard Cider and Perry Company, LLC seeks approval from the
U.S. Bankruptcy Court for the District of Colorado to employ Bell
Gould Linder & Scott, P.C. as counsel.

The firm will provide these services:

   a. provide the Debtor with legal advice with respect to their
powers and duties;

   b. aid the Debtor in the development of a plan of reorganization
under Chapter 11;

   c. file the necessary petitions, pleadings, reports, and actions
which may be required in the continued administration of the
Debtor's property under Chapter 11;

   d. take necessary actions to enjoin and stay until final decree
herein continuation of pending proceedings and to enjoin and stay
until final decree herein commencement of lien foreclosure
proceedings and all matters as may be provided under 11 U.S.C. §
362; and

   e. perform all other legal services for the Debtor which may be
necessary herein.

The firm will be paid at these rates:

     Attorney Payton L. Buhler    $250 per hour
     Attorney Gregory S. Bell     $350 per hour
     Paralegal Services:          $125 per hour

The firm was paid by the Debtor a retainer of $16,338.

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

Mr. Buhler 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:

     Payton L. Buhler, Esq.
     Bell Gould Linder & Scott, P.C.
     318 East Oak Street
     Fort Collins, CO 80524
     Tel: (970) 493-8999
     Fax: (970) 224-9188
     Email: Pbuhler@bell-law.com

           About Summit Hard Cider and Perry Company, LLC

Summit Hard Cider and Perry Company LLC, operating in Fort Collins,
Colorado, produces and sells craft hard ciders and perries, and
operates a taproom and pub under the Scrumpy's brand, offering
beverages and food to consumers. The Company also collects local
fruit through a mobile juicing trailer to create both alcoholic and
non-alcoholic drinks.

Summit Hard Cider and Perry Company LLC sought relief under
Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.
Col. Case No. 25-15079) on August 13, 2025. In its petition, the
Debtor reports total assets of $164,233 and total liabilities of
$2,663,400.

Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case.

The Debtor is represented by Payton L. Buhler, Esq. at BELL, GOULD,
LINDER & SCOTT P.C.



SUMMIT HARD: Hires NOCO CPA's LLC as Accountant
-----------------------------------------------
Summit Hard Cider and Perry Company, LLC seeks approval from the
U.S. Bankruptcy Court for the District of Colorado to employ NOCO
CPA's LLC as accountant.

The firm will provide these services:

   -- prepare the necessary financial reports as required by the
Bankruptcy Code for the Debtor's compliance in this case;

   -- prepare any and all necessary tax documents for the Debtor;
and

   -- perform all other accounting services for the Debtor which
may be necessary herein.

The firm will be paid at the rate of $300 per hour. It will also be
reimbursed for reasonable out-of-pocket expenses incurred.

Ms. Magnuson 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:

     Leasa Magnuson
     NOCO CPA's LLC
     4025 Automation Way D1
     Fort Collins, CO 80525

              About Summit Hard Cider and Perry Company, LLC

Summit Hard Cider and Perry Company LLC, operating in Fort Collins,
Colorado, produces and sells craft hard ciders and perries, and
operates a taproom and pub under the Scrumpy's brand, offering
beverages and food to consumers. The Company also collects local
fruit through a mobile juicing trailer to create both alcoholic and
non-alcoholic drinks.

Summit Hard Cider and Perry Company LLC sought relief under
Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.
Col. Case No. 25-15079) on August 13, 2025. In its petition, the
Debtor reports total assets of $164,233 and total liabilities of
$2,663,400.

Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case.

The Debtor is represented by Payton L. Buhler, Esq. at BELL, GOULD,
LINDER & SCOTT P.C.


SWEEPING CORP: FS KKR Marks $8.3MM 2L Loan at 42% Off
-----------------------------------------------------
FS KKR Capital Corp. has marked its $8,300,000 loan extended to
Sweeping Corp of America Inc. to market at $4,800,000 or 58% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured Second Lien Loan to
Sweeping Corp of America Inc. The loan accrues interest at a rate
of zero percent per annum. The loan matures on March 2034.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         About Sweeping Corp of America Inc.

Sweeping Corporation of America, Inc. provides facility maintenance
services. The Company offers street highway and parking lot
sweeping, interior and industrial cleanup, sewer cleaners, and
other services. Sweeping Corporation of America serves
transportation, public works departments, airports, industrial
facilities, companies, retailers, construction, and other sectors.


SYMPLR SOFTWARE: Moody's Cuts CFR to Caa2 & Outlook to Stable
-------------------------------------------------------------
Moody's Ratings downgraded Symplr Software Intermediate Holdings,
Inc.'s (symplr) corporate family rating to Caa2 from Caa1 and
probability of default rating to Caa3-PD from Caa2-PD.
Concurrently, Moody's downgraded the backed senior secured
first-lien bank credit facilities issued at Symplr Software, Inc.,
comprising a $100 million revolving credit facility and $1.56
billion of term loan debt, to Caa1 from B3. The outlook was changed
to stable from negative for both entities. symplr is a provider of
healthcare operations software and solutions to healthcare
facilities and healthcare providers.

The downgrade of symplr's ratings reflects the company's ongoing
challenges to generate free cash flow and reduce its very high
financial leverage resulting in an unsustainable long-term capital
structure. Moody's expects the company's weak credit metrics,
including very high debt/EBITDA less capitalized software costs in
excess of 13x, and cash flow deficits, will likely persist up to
its 2027 debt maturities and increase the likelihood of a default.
The stable outlook indicates Moody's views that revenue should grow
in the low-to-mid single-digits on a sequential basis over the next
12 months and the company will maintain sufficient liquidity, and
will rely on its $100 million revolving credit facility expiring
September 2027 and availability under its new 3-year $75 million
asset based lending facility secured by accounts receivables.
Nonetheless, Moody's anticipates liquidity will remain weak given
Moody's expectations for cash flow deficits of around $60 million
over the next 12 months and that maintenance of the stable outlook
may require commitment of additional external sources of liquidity
by 2027.

ESG considerations were a key driver of the rating action,
reflecting very high governance risks from the company's tolerance
for an unsustainable, highly levered capital structure and
debt-funded acquisition growth strategy.

RATINGS RATIONALE

The credit profile of symplr is constrained by high financial
leverage, with debt/EBITDA less capitalized software in the mid-13x
for the twelve months ended June 30, 2025 pro forma for a $100
million first-lien term loan issued in July 2025. Absent additional
debt issuance, Moody's expects debt/EBITDA less capitalized
software will gradually improve to below 13x by 2026 from a
combination of low-to-mid single-digit revenue growth, and cost
saving benefits that will accrue. Moody's believes the company has
a limited timeframe to achieve sufficient earnings growth to offset
high cash interest payments before the maturity of its senior
secured first-lien credit facilities in 2027. The company's
preference towards increasing debt levels to fund acquisitions and
operations is highly aggressive and has delayed improvement in
financial leverage. The recent acquisition of SmartSquare in March
2025 for $75 million, funded via an incremental debt raise,
modestly increased the company's already very high financial
leverage to 13.6x from 13.4x for the twelve months ended June 30,
2025. The company's highly acquisitive growth strategy also
introduces integration risk to the credit profile.

Unless otherwise noted, all financial metrics cited reflect Moody's
standard adjustments.

symplr benefits from a strong niche competitive position in the
healthcare operations software industry. Demand for SaaS solutions
is supported by increased healthcare spending, greater
regulatory-driven complexity, margin pressures at healthcare
providers, and the need for an enterprise-wide solution to support
the complexity of healthcare operations as hospital systems
consolidate. The credentialing, staffing, and scheduling software
that symplr's platform facilitates are necessary to providers in
managing their workforce. The company has strong management
adjusted EBITDA margins in the 35% range with a highly recurring
revenue base.

The ratings for symplr's debt instruments reflect the overall
Caa3-PD probability of default rating. The Caa1 ratings on the
$1.56 billion first-lien term loan due December 2027 and first-lien
revolver expiring September 2027 are one notch above symplr's CFR
and reflect the facilities' priority position in the capital
structure, ahead of the $499 million (unrated) second-lien loan.
The probability of default rating of Caa3-PD, one notch below the
company's CFR, reflects Moody's views that the risk of default is
high and Moody's anticipations for an above average family recovery
in the event of default.

Moody's considers symplr's liquidity to be weak, reflecting Moody's
expectations for cash flow deficits. Pro forma for the $100 million
first-lien term loan issuance in June 2025, the company had $32
million of cash and $24 million of revolver draw under its $100
million revolving credit facility expiring September 2027. The
company also put into place a $75 million asset-based lending
facility collateralized by accounts receivables in March 2025.
Moody's expects the company to rely heavily on its credit
facilities over the next 12 to 18 months to fund annual cash flow
deficits of around $60 million. Nonetheless, Moody's believes this
is sufficient liquidity to operate through 2026. Additional
liquidity support could be needed by 2027 without earnings growth
and the benefit from lower benchmark interest rates. The company
has an 8.5x first lien net leverage covenant test that comes into
effect when the revolver is 35% drawn. Moody's expects that the
company will remain in compliance, but that the covenant will
likely be tested during the next 12 to 18 months.

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

The ratings could be upgraded if symplr can sustain meaningful
revenue and earnings growth such that debt/EBITDA materially
improves while generating sustained positive free cash flow.

The ratings could be downgraded if symplr's revenue or
profitability declines or liquidity deteriorates more quickly than
expected leading us to anticipate a higher risk of default. The
ratings could also be downgraded if Moody's recovery prospects in
the event of default diminish.

The principal methodology used in these ratings was Software
published in June 2022.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.

Headquartered in Houston, TX, Symplr Software Intermediate
Holdings, Inc. and its subsidiaries provide healthcare operations
software and solutions to healthcare facilities and healthcare
providers. Symplr Software Intermediate Holdings, Inc. is a holding
company and parent to the borrower that is primarily owned
indirectly by private equity owners Clearlake Capital and
Charlesbank. Moody's expects the company will generate around $540
million in revenue in 2025.


SYNAPSE FINANCIAL: Reaches Consumer Relief Settlement w/ CFPB
-------------------------------------------------------------
Jon Hill of Law360 reports that the Consumer Financial Protection
Bureau has settled with the bankruptcy trustee of Synapse Financial
Technologies Inc., a deal that could provide millions in relief to
consumers whose funds were trapped in the company's collapse.

             About Synapse Financial Technologies

Headquartered in San Francisco, California, Synapse Financial
Technologies, Inc. -- https://synapsefi.com/ -- is a
banking-as-a-service platform for embedded finance solutions
worldwide.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 24-10646) on April 22, 2024. In the
petition signed by Sankaet Pathak, chief executive officer, the
Debtor disclosed up to $50 million in assets and liabilities.

Judge Martin R. Barash oversees the case.

Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P.,
is the Debtor's legal counsel.


TAPS RANCH II: Seeks to Hire Baker & Associates as Legal Counsel
----------------------------------------------------------------
TAPS Ranch II, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire Baker & Associates as
attorneys.

The firm will provide these services:

     (a) analyze the financial situation, and render advice and
assistance to the Debtor;

     (b) advise the Debtor with respect to its duties;

     (c) prepare and file all appropriate legal papers;

     (d) represent the Debtor at the first meeting of creditors and
such other services as may be required during the course of the
bankruptcy proceedings;

     (e) represent the Debtor in all proceedings before the court
and in any other judicial or administrative proceeding where its
rights may be litigated or otherwise affected;

     (f) prepare and file a disclosure statement (if required) and
Chapter 11 plan of reorganization; and

     (g) assist the Debtor in any matters relating to or arising
out of the captioned case.

Prior to the filing of the case, A New Way Forward delivered to
Baker on behalf of TAPS Ranch II, LLC the amount of $2,000 on or
about August 4, 2025, and Shelton Lucas Ins and Fin Svcs Inc
delivered to Baker on behalf of TAPS Ranch II, LLC the amount of
$18,000 on or about August 4, 2025. Baker applied $1,738 of such
amount for filing fees and other amounts for pre-petition fees and
expenses.

Reese Baker, Esq. disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Reese W. Baker, Esq.
     Baker & Associates
     950 Echo Lane Suite 300
     Houston, TX 77024
     Telephone: (713) 979-2251

        About TAPS Ranch II, LLC

TAPS Ranch II, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
25-34509) on August 4, 2025, listing $1,000,001 to $10 million in
both assets and liabilities.

Judge Jeffrey P Norman presides over the case.

Reese W Baker, Esq. at Baker & Associates represents the Debtor as
counsel.


TEAM CHAMPION: Seeks to Tap David Freydin as Bankruptcy Counsel
---------------------------------------------------------------
Team Champion, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to employ the Law Offices of
David Freydin PC as counsel.

The firm will provide these services:

     (a) negotiate with creditors;

     (b) prepare a plan and financial statements; and

     (c) examine and resolve claims filed against the estate.

The firm's attorneys will be paid at these hourly rates:

     David Freydin          $450
     Jan Michael Hulstedt   $425
     Derek Lofland          $425
   
In addition, the firm will seek reimbursement for expenses
incurred.

The firm received a pre-petition retainer of $15,000 from the
Debtor.

Mr. Freydin 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:

     David Freydin, Esq.
     Law Offices of David Freydin
     8707 Skokie Blvd., Suite 312
     Skokie, IL 60077
     Telephone: (847) 972-6157
     Facsimile: (866) 897-7577
     Email: david.freydin@freydinlaw.com
    
                     About Team Champions Inc.

Team Champions Inc. is a trucking company based in Northbrook,
Illinois that provides interstate freight transportation services
across the United States, operating a fleet of heavy-duty
Freightliner trucks and flatbed trailers to haul general freight,
construction materials, and industrial equipment. The Company
serves a variety of sectors requiring long-haul and regional
deliveries, including goods that can be transported on open
flatbeds such as steel, lumber, and machinery. It is registered
with the U.S. Department of Transportation as an interstate motor
carrier and maintains a sizable fleet with dozens of tractors and
trailers.

Team Champions Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-12121) on August 8,
2025. In its petition, the Debtor reports total assets of
$2,930,099 and total liabilities of $5,791,657.

Honorable Bankruptcy Judge Michael B. Slade handles the case.

The Debtor is represented by the Law Offices of David Freydin.


TEKFOR HOLDCO: FS KKR Marks EUR45.1M 1L Loan at 91% Off
-------------------------------------------------------
FS KKR Capital Corp. has marked its EUR45,100,000 loan extended to
Tekfor HoldCo to market at EUR4,000,000 or 9% of the outstanding
amount, according to FS KKR's Form 10-Q for the fiscal year ended
June 30, 2025, filed with the U.S. Securities and Exchange
Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Tekfor HoldCo. The loan accrues interest at a rate of zero percent
per annum. The loan matures on July 2026.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

About Tekfor HoldCo.

Tekfor HoldCo, also known as the Tekfor Group, was a German company
specializing in automotive metal forming and fasteners for
driveline, powertrain, and e-mobility applications.



THASSOS INC: Gets OK to Use Cash Collateral Until Sept. 25
----------------------------------------------------------
Thassos, Inc. received another extension from the U.S. Bankruptcy
Court for the Northern District of Illinois, Eastern Division to
use cash collateral.

The court's order authorized the Debtor's interim use of cash
collateral through September 25 to pay the operating expenses set
forth in its budget. Use of funds for extraordinary expenses in
excess of the budget requires further court order or prior written
approval of Newtek Bank, N.A., the Debtor's secured creditor.

The budget projects total operational expenses of $109,314 for the
period from August 21 to September 25.

As protection for any diminution in value of its cash collateral,
Newtek was granted valid, binding, enforceable, and perfected
replacement liens on and security interests in its collateral, to
the same extent and with the same validity and priority held by the
secured creditor prior to the petition date.

As further protection, Newtek will continue to receive payment of
$3,000. Failure to pay triggers a default and a late charge of 5%.
It also allows Newtek to accelerate the debt and seek enforcement.

The next hearing is scheduled for September 24.

Newtek Bank is the holder of a first position security interest in
the cash collateral and is owed $390,661 pursuant to SBA loan.

                        About Thassos Inc.

Thassos Inc. operates a Greek restaurant in Clarendon Hills,
Illinois. The establishment specializes in authentic Greek cuisine
and offers dine-in, catering, and online ordering services.

Thassos sought relief under Subchapter V of Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08021) on May 27,
2025. In its petition, the Debtor reported estimated assets up to
$50,000 and estimated liabilities between $1 million and $10
million.

Judge Janet S. Baer handles the case.

The Debtor is represented by Konstantine Sparagis, Esq., at the Law
Offices of Konstantine Sparagis.


THUNDER RIDE: Gets Interim OK to Use Cash Collateral Until Sept. 30
-------------------------------------------------------------------
Thunder Ride, Inc. got the green light from the U.S. Bankruptcy
Court for the District of Colorado to use cash collateral and
provide adequate protection.

The court approved the interim use of cash collateral through
September 30 based on a submitted budget to fund its business
operations; pay employees, vendors and taxes; and maintain adequate
insurance.

Several creditors including Yamaha Motor Finance Corporation,
Northpoint Commercial Finance, First Advantage Bank, Berkshire
Bank, and JRG Funding—assert secured claims on the Debtor's cash,
inventory, and receivables. Each creditor holds security interests
based on pre-petition loan and financing agreements, most notably
Yamaha ($2.8M secured by vehicle inventory) and Berkshire ($3.7M
loan secured by broad business assets).

As adequate protection, the Debtor must remit sale proceeds of
financed inventory to respective creditors within 3–5 business
days, allow creditors access for audits and inspections, grant
replacement liens to creditors on post-petition proceeds, make
monthly adequate protection payments (e.g., $35,000 to Berkshire
Bank), maintain separate debtor-in-possession accounts for each
creditor's collateral, and limit spending deviations to 15% per
budget line item.

A copy of the stipulation is available at https://is.gd/1Qzv3e from
PacerMonitor.com.

                      About Thunder Ride Inc.

Thunder Ride Inc., doing business as Tri-City Cycle, operates a
powersports dealership offering motorcycles, ATVs, UTVs, boats,
parts, and repair services. The Company serves customers in
Loveland, Colorado, and surrounding areas. It also provides
products from major brands such as Yamaha, Honda, Kawasaki, and
KTM.

Thunder Ride Inc. in Loveland, CO, sought relief under Chapter 11
of the Bankruptcy Code filed its voluntary petition for Chapter 11
protection (Bankr. D. Colo. Case No. 25-14589) on July 23, 2025,
listing $50,000 to $100,000 in assets and $10 million to $50
million in liabilities. Enoch Amoah as president, signed the
petition.

Judge Joseph G. Rosania Jr. oversees the case.

WADSWORTH GARBER WARNER CONRARDY, P.C. serve as the Debtor's legal
counsel.





TIME MANUFACTURING: FS KKR Marks $14.6M 1L Loan at 18% Off
----------------------------------------------------------
FS KKR Capital Corp. has marked its $14,600,000 loan extended to
Time Manufacturing Co. to market at $12,000,000 or 82% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to Time
Manufacturing Co. The loan accrues interest at a rate of 6.50% per
annum. The loan matures on December 2027.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

About Time Manufacturing Co.

Time Manufacturing Company is a global manufacturer of
vehicle-mounted aerial lifts, including bucket trucks, digger
derricks, cable placers, truck bodies, buckets, and other specialty
equipment for electric utility, telecommunications, bridge
inspection, tree care, and other fleet-supported industries.


TIME MANUFACTURING: FS KKR Marks $45.9M 1L Loan at 18% Off
----------------------------------------------------------
FS KKR Capital Corp. has marked its $45,900,000 loan extended to
Time Manufacturing Co. to market at $37,700,000 or 82% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to Time
Manufacturing Co. The loan accrues interest at a rate of 6.50% per
annum. The loan matures on December 2027.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

About Time Manufacturing Co.

Time Manufacturing Company is a global manufacturer of
vehicle-mounted aerial lifts, including bucket trucks, digger
derricks, cable placers, truck bodies, buckets, and other specialty
equipment for electric utility, telecommunications, bridge
inspection, tree care, and other fleet-supported industries.


TIME MANUFACTURING: FS KKR Marks $9.2M 1L Loan at 17% Off
---------------------------------------------------------
FS KKR Capital Corp. has marked its $9,200,000 loan extended to
Time Manufacturing Co. to market at $7,600,000 or 83% of the
outstanding amount, according to FS KKR's Form 10-Q for the fiscal
year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to Time
Manufacturing Co. The loan accrues interest at a rate of 6.50% per
annum. The loan matures on December 2027.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

            About Time Manufacturing Co.

Time Manufacturing Company is a global manufacturer of
vehicle-mounted aerial lifts, including bucket trucks, digger
derricks, cable placers, truck bodies, buckets, and other specialty
equipment for electric utility, telecommunications, bridge
inspection, tree care, and other fleet-supported industries.


TITAN INDUSTRIES: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The U.S. Trustee for Region 7 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Titan Industries USA, LLC.

                  About Titan Industries USA LLC

Titan Industries USA LLC provides dedicated freight transportation
services with a focus on transparency and efficiency. The Company
offers mobile-optimized tools for real-time shipment tracking,
driver assist support, and cross-border communication between the
U.S., Canada, and Mexico. Its operations are tailored to meet
specific client needs, emphasizing reliability and timely
delivery.

Titan Industries USA LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-30867) on July 9,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million.

Honorable Bankruptcy Judge Christopher G. Bradley handles the
case.

The Debtors are represented by James Jopling, Esq., at Jim K.
Jopling, Attorney at Law.


TOGETHER GOOD: Seeks Chapter 11 Bankruptcy in Texas
---------------------------------------------------
On August 22, 2025, Together Good Deeds IV LLC filed Chapter 11
protection in the Northern District of Texas. 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 Together Good Deeds IV LLC 

Together Good Deeds IV LLC, based in Texas, provides professional
architectural, engineering, and related consulting services under
NAICS code 5413.

Together Good Deeds IV LLC  sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-33215) on August
22, 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 Scott W. Everett handles the case.

The Debtor is represented by Vickie L. Driver, Esq. at DRIVER
STEPHENSON, PLLC.


TPI COMPOSITES: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of TPI
Composites, Inc. and its affiliates.

The committee members are:

     1. U.S. Bank Trust Company, National Association,
      as Trustee for the 5.25% Convertible Senior Notes due 2028
      Attn: Diana Jacobs
      1420 5th Ave
      Seattle, WA 98101
      (206) 344-4680
      diana.jacobs@usbank.com

   2. Zoltek Corporation
      Attn: Tim Grawer, VP Finance
      3101 McKelvey Road
      St. Louis, MO 63044
      314-291-5110
      tim.grawer.3d@zoltek.com

   3. Blue Cube Operations LLC
      Attn: Dustin J. Manning, Associate
      General Counsel (North America)
      16290 Katy Freeway
      Houston, TX 77094
      423-336-4838
      djmanning@olin.com

   4. Newtech Industrial (Singapore) Pte. Ltd.
      Attn: Helen Lyu, Vice President of Newtech Group
      #329 Huanghai Rd , Xinbei District
      Changzhou
      Jiangsu .PRC
      +86-138-6222-3956
      +86-519-8344-1268
      helen.lv@newtryglobal.com

   5. Sunwell (Jiangsu) Carbon Fiber Composite Co. Ltd.
      Attn: Wallace Lee
      No 26 Xizxin Rd., Funing Economic Development Zoe Yancheng
      Jiangsu China 224400
      86-0515-87216819
      Wallace.lee@swancor.com
      Yo.lee@swcfc.com

   6. Zhejiang Zhenshi New Materials Co .. Ltd.
      Attn: Anna Huang
      No. 1, Guangyun South Road.
      Tongxiang Economic Development Zone
      Tongxiang City, Zhejiang Province.
      314500. China
      0086-573-88136717
      anna.huang@zhenshi.com

   7. Westlake Epoxy Inc.
      Attn: Fred Serrett and Terrence Mercier
      2801 Post Oak Blvd, Ste 600
      Houston, Texas 77056
      Office: 713-585-2561 for Fred
      713-963-1574 for Terrence
      fserrett@westlake.com
      tmercier@westlake.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                     About TPI Composites Inc.

TPI Composites -- https://tpicomposites.com/ -- is a leading
wind-blade manufacturer and the only independent wind blade
manufacturer with a global footprint.

TPI Composites Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34655) on August 11,
2025. The company listed $500 million to $1 billion in estimated
assets, along with $1 billion to $10 billion in estimated
liabilities.

Honorable Bankruptcy Judge Christopher M. Lopez handles the case.

The Debtor is represented by Gabriel Adam Morgan, Esq. at Weil,
Gotshal & Manges LLP.

Oaktree Capital Management L.P., as DIP agent, is represented by:

   William A. (Trey) Wood III, Esq.
   Bracewell, LLP
   711 Louisiana Street, Suite 2300
   Houston, TX 77002
   Telephone: (713) 221-1166
   Facsimile: (713) 221-1212
   trey.wood@bracewell.com


TRIPLETT FUNERAL: Court Extends Cash Collateral Access to Oct. 31
-----------------------------------------------------------------
Robert Eggmann, the Chapter 11 trustee for Triplett Funeral Homes,
LLC, received another extension from the U.S. Bankruptcy Court for
the Eastern District of Missouri to use cash collateral.

The court's fourth interim order extended the Debtor's authority to
use cash collateral through October 31 to fund the operation of its
business pursuant to its budget.

The budget projects total operational expenses of $64,018.56 for
August; $64,789.91 for September and $69,209.18 for October.

As adequate protection from any diminution in value of its
interests, Ready Capital Lending, LLC will be granted
first-priority replacement liens on the same pre-petition
collateral.

The replacement liens do not apply to any Chapter 5 causes of
action and are subject to a $50,000 carveout for certain fees.

A final hearing is scheduled for October 16. Objections must be
filed by October 1.

Ready Capital Lending is owed over $2.3 million across two
SBA-guaranteed loans secured by real estate, business assets, and
vehicles. The lender has a lien on the Debtor's cash collateral,
which consists of cash generated from its continued business
operations and accounts receivable collections.

Ready Capital Lending is represented by:

   Pamela R. Putnam, Esq.
   Sandberg Phoenix & von Gontard, P.C.
   4600 Madison Avenue, Suite 1000
   Kansas City, MO 64112
   816.627.5543 (phone)
   816.627.5532 (fax)
   pputnam@sandbergphoenix.com

                   About Triplett Funeral Homes

Triplett Funeral Homes, LLC, a company in Kahoka, Mo., is a locally
owned and operated funeral service provider dedicated to offering
compassionate services and personalized care to families during
their time of need.

Triplett Funeral Homes sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Miss. Case No. 25-20049) on March 27,
2025. In its petition, the Debtor reported between $1 million and
$10 million in both assets and liabilities.

Judge Kathy A. Surratt-States oversees the case.

The Debtor is represented by Fredrich J. Cruse, Esq., at Cruse
Chaney-Faughn.

Robert E. Eggmann is the Debtor's Chapter 11 trustee.


TROYZ TOWING: Case Summary & Eight Unsecured Creditors
------------------------------------------------------
Debtor: Troyz Towing & Storage, Inc.
        6155 Old Kings Road
        Jacksonville, FL 32254

Business Description: Troyz Towing & Storage, Inc., based in
                      Jacksonville, Florida, provides towing,
                      roadside assistance, and vehicle storage
                      services.  The Company operates 24/7 and
                      offers light, medium, and heavy-duty towing,
                      flatbed transport, diesel truck repair, and
                      related automotive support.  It serves the
                      Jacksonville area through its main facility
                      on Old Kings Road.

Chapter 11 Petition Date: August 23, 2025

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 25-02906

Judge: Hon. Jason A. Burgess

Debtor's Counsel: Rehan N. Khawaja, Esq.
                  NASSAU BANKRUPTCY LAWYERS, P.A.
                  817 North Main Street
                  Jacksonville, FL 32202
                  Tel: (904) 355-8055
                  Fax: (904) 355-8058
                  E-mail: khawaja@fla-bankruptcy.com

Total Assets: $2,125,617

Total Liabilities: $2,043,872

The petition was signed by Nicole L. Bostick as president.

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

https://www.pacermonitor.com/view/I3TR74I/Troyz_Towing__Storage_Inc__flmbke-25-02906__0001.0.pdf?mcid=tGE4TAMA


TURTLE LANE: Seeks Chapter 11 Bankruptcy in Massachusetts
---------------------------------------------------------
On August 21, 2025, Turtle Lane LLC filed Chapter 11 protection
in the District of Massachusetts. 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 Turtle Lane LLC

Turtle Lane LLC focuses on real estate operations, primarily
offering property-related services.

Turtle Lane LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 25-11733) on August 21,
2025. In its petition, the Debtor reports estimated assets between
$10 million and $50 million and estimated liabilities between $1
million and $10 million.

The Debtor is represented by Christopher M. Condon, Esq. at
BOWDITCH & DEWEY, LLP.


UNIVERSAL BIOCARBON: Gets Extension to Access Cash Collateral
-------------------------------------------------------------
Universal Biocarbon, Inc. received interim approval from the U.S.
Bankruptcy Court for the Southern District of Florida, West Palm
Beach Division, to use cash collateral pending a final hearing on
October 22.

The interim order authorized the Debtor to use cash collateral to
pay the amounts expressly authorized by the court, including any
required payments to the U.S. trustee; and the expenses set forth
in its budget, plus an amount not to exceed 10% for each line
item.

The budget shows total monthly expenses of $104,337.28 for August;
$98,120.28 for September and $100,420.28 for October.

As protection, each creditor 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 its pre-bankruptcy lien.

As additional protection, the Debtor was ordered to keep the
secured creditors' collateral insured.

                  About Universal Biocarbon Inc.

Universal Biocarbon Inc. transforms vegetative biomass such as yard
waste and tree trimmings, into high-quality carbon products like
compost, mulch, biochar, and activated carbon. Through a
partnership with the Sunshine State Biomass Cooperative, UBC
creates a cycle of beneficial reuse, sharing profits with the
suppliers of biomass feedstock. The company is based in Canal
Point, Fla.

Universal Biocarbon filed Chapter 11 petition (Bankr. S.D. Fla.
Case No. 25-10987-EPK) on January 30, 2025, listing up to $1million
in assets and up to $10 million in liabilities. David Disbrow,
chairman and founder of Universal Biocarbon, signed the petition.

Judge Erik P. Kimball oversees the case.

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


UTICA TOWNSHIP: Seeks to Hire Heather Archibald-Peters as Counsel
-----------------------------------------------------------------
Utica Township Volunteer Fire Fighters Association and Utica
Township Fire Department, Incorporated seek approval from the U.S.
Bankruptcy Court for the Southern District of Indiana to employ The
Law Office of Heather Archibald-Peters, PC as nonbankruptcy
counsel.

The firm will provide these services:

     (a) advise the Debtors' board and management about matters of
corporate governance;

     (b) create and maintain records and advise the Debtors about
the same, provide general legal advice on all manner of issues;
and

     (c) advise on litigation and coordinate the Debtors' outside
counsel.

The firm will charge a flat fee of $3,000 per month for work by
attorneys and $150 per hour for paraprofessional work.

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

Heather Peter, a principal at the firm, 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:

     Heather R. Peters, Esq.
     The Law Office of Heather Archibald-Peters, PC
     611 Watt Street
     Jeffersonville, IN 47130
     Telephone: (812) 725-1292
     Email: peterslaw@yahoo.com
     
                     About Utica Township Volunteer
                       Fire Fighters Association

Utica Township Volunteer Fire Fighters Association is a nonprofit
organization based in Clarksville, Indiana, providing volunteer
fire protection and emergency services for Utica Township and
surrounding areas.

Utica Township Volunteer Fire Fighters Association and Utica
Township Fire Department, Incorporated sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Lead Case No.
25-90840) on July 22, 2025. The case is jointly administered in
Case No. 25-90840. In its petition, Utica Township Volunteer Fire
Fighters Association disclosed total assets of $3,023,08 and total
liabilities of $1,076,837.

Honorable Bankruptcy Judge Andrea K. McCord handles the case.

The Debtor tapped William P. Harbison, Esq., at Seiller Waterman
LLC as bankruptcy counsel and The Law Office of Heather
Archibald-Peters, PC as nonbankruptcy counsel.


VESTTOO LTD: CCBC Wins Bid to Dismiss Claims in Insurance Dispute
-----------------------------------------------------------------
Judge Victor Marrero of the United States District Court for the
Southern District of New York granted China Construction Bank
Corporation and China Construction Bank New York Branch's motion to
dismiss the claims against them in the case captioned as INCLINE
CASUALTY COMPANY and REDPOINT COUNTY MUTUAL INSURANCE COMPANY,
Plaintiffs, - against - CHINA CONSTRUCTION BANK CORPORATION, CHINA
CONSTRUCTION BANK (ASTA) CORPORATION LIMITED, and CHINA
CONSTRUCTION BANK NEW YORK BRANCH, Defendants, Case No.
24-cv-03591-VM-KHP (S.D.N.Y.).  China Construction Bank (Asia)
Limited's motion to dismiss is denied.

Incline Casualty Company and Redpoint County Mutual Insurance
Company bring this action against China Construction Bank
Corporation ("CCBC"), China Construction Bank (Asia) Limited ("CCB
Asia"), and China Construction Bank New York Branch ("CCBNY"). In
their First Amended Complaint, Plaintiffs allege that Defendants
failed to honor letters of credit they issued to Plaintiffs,
thereby denying Plaintiffs access to reinsurance funds to cover
Plaintiffs' insurance risk obligations. Plaintiffs assert claims
for:

   (1) breach of contract against CCBC and CCBNY (Counts I & II);
   (2) fraud, in the alternative, against CCBC and CCB Asia (Counts
III & IV);
   (3) negligent supervision against CCBC and CCB Asia (Counts V &
VI);
   (4) violations of Uniform Commercial Code ("UCC") Sec. 5-108
against CCBC and CCBNY (Count VII & VIII); and
   (5) declaratory judgment against CCBC (Count IX).

Defendants CCBC and CCBNY jointly move to dismiss the claims
against them under Federal Rules of Civil Procedure 12(b)(2) and
12(b) (6), arguing that Plaintiffs fail to establish personal
jurisdiction over their claims and also fail to state a claim for
relief. Defendant CCB Asia separately moves to dismiss on the same
grounds.

In 2020, The Corinthian Group, Osprey Re, Osprey Re Vescor IPC LLC,
Vescor LLC, and Proventus Holdings, LP formed segregated account
reinsurers: Corinthian Re SPC, Osprey Re, and Coastal Insurance
SPC.  The Transaction Entities partnered with Vesttoo Ltd. to
create a reinsurance structure. This structure was developed in
part through meetings held at Vesttoo's New York offices, where
Intermediary executives regularly met with Vesttoo personnel.

In 2021 and 2022, the Transaction Entities solicited Plaintiffs to
enter into reinsurance agreements with the Corinthian Reinsurers.
Under those contracts, the Corinthian Reinsurers assumed a portion
of Plaintiffs' risk in exchange for reinsurance premiums. The
Corinthian Reinsurers were not licensed in Texas, where Plaintiffs
are domiciled, and were thus required to collateralize their
reinsurance obligations. In late 2021, Corinthian informed
Plaintiffs that Defendants would be providing the required
collateral under the Reinsurance Contracts.

As part of its due diligence in evaluating Defendants as reliable
LOC issuers, Corinthian conducted global anti–money laundering
checks on CCBC, communicated with CCBC personnel, verified Letter
of credit issuance and cancellation instructions, and engaged
independent auditors to confirm the LOCs' authenticity. In
addition, Chun-Yin Lam, a Relationship Manager at "CCB," confirmed
all the LOCs at issue, including by means of emails dated June 7,
2022, May 8, 2023, May 23, 2023, and  June 12, 2023.

Acting on behalf of the Corinthian Reinsurers, the Transaction
Entities procured 15 LOCs from Defendants.  Each LOC appeared to be
signed by a CCBC executive and bore a CCBC stamp. Seven LOCs named
Incline as beneficiary and eight named Redpoint. Each LOC stated
that it was payable at CCBNY, listed CCBNY's New York address, and
promised to promptly honor Plaintiffs' sight drafts upon
presentation at that location. One of the LOCs appeared to be
issued directly from CCBNY, while the remaining LOCs were issued
from CCBC's Shanghai Branch. Each LOC was sent to the applicable
Corinthian Reinsurers and the Corinthian Reinsurers delivered the
LOCs to Plaintiffs. Each LOC established a clean, irrevocable, and
unconditional standby letter of credit in the applicant's favor for
drawings up to a certain amount in U.S. dollars. Without such LOCs,
Plaintiffs would be unable to take reinsurance credit on their
financial statements.

Plaintiffs filed this action in New York State Supreme Court, New
York County on April 22, 2024, against both the instant Defendants
and the Transaction Entities. On June 3, 2024, Plaintiffs and the
Transaction Entities filed a stipulation of discontinuance without
prejudice in State Court, leaving the current Defendants as the
only defendants in this case. Defendants filed a Notice of Removal
on June 7, 2024, based on diversity jurisdiction, 28 U.S.C. Sec.
1446.

After the parties exchanged pre-motion letters pursuant to the
Court's Individual Practices in anticipation of Defendants' motions
to dismiss, Plaintiffs filed the First Amended Complaint on Sept.
9, 2024. The FAC alleges first and foremost that Defendants
breached their obligation under the LOCs to provide collateral to
Plaintiffs and further alleges that Defendants are using Lam as a
scapegoat to avoid its contractual obligations.

CCBC/CCBNY argue that the FAC should be dismissed because:

   (1) Plaintiffs have failed to establish that the Court may
exercise personal jurisdiction over CCBC/CCBNY, and

   (2) the FAC fails to state a claim against CCBC/CCBNY.

The Court is persuaded that Defendants' opening a branch financial
institution in New York and placing that entity on the NAIC List
constitutes a volitional transaction of business in New York done
for purposes of negotiating and executing contracts related to LOCs
in reinsurance transactions, including the instant one.
Furthermore, there is a "substantial relationship between the
business transaction and the claim asserted" because, as the FAC
alleges, Plaintiffs would not and, under Texas law, could not have
entered into the Reinsurance Arrangements with the Intermediaries
if CCBC was not on the NAIC List. Given the "relatively permissive"
inquiry under Section 301(a)(2), the Court is satisfied that
CCBNY's application on behalf of CCBC seeking placement on the NAIC
list is more than sufficient to support the Court's exercise of
personal jurisdiction over Plaintiffs' breach of contract claim
pursuant to New York's long arm statute.

For the same reason, the Court will exercise personal jurisdiction
over Plaintiffs' fraud claim. The FAC alleges that Plaintiffs had,
in part, relied on the LOCs purportedly signed by an employee of
CCBC because CCBC listed its New York branch as a NAIC-approved
issuer of LOCs.

The Court finds that it may exercise personal jurisdiction over
Defendants CCCB and CCBNY. Accordingly, CCBC and CCBNY's motion to
dismiss for lack of personal jurisdiction is denied.

Breach of Contract Claim Against CCBC/CCBNY

Plaintiffs assert that CCBC/CCBNY breached the LOCs when it refused
to honor them. CCBC/CCBNY argue that Plaintiffs have not
sufficiently alleged the existence of an agreement because:

   (1) the LOCs bear forged signatures, and
   (2) Lam lacked both actual and apparent authority to issue them.


In support of their argument that the LOCs were forged, Defendants
refer to filings in the Vesttoo bankruptcy proceeding that
purportedly acknowledge that the LOCs issued in Vesttoo reinsurance
transactions were fraudulent. Specifically, Defendants refer to the
Debtor's First Interim Report, in which counsel for Vesttoo and its
affiliated debtors published preliminary results of its
investigation into Vesttoo's involvement with the issuance of
fraudulent LOCs generally. The Debtor's Report concluded that "the
LOCs that were the foundation of Vesttoo's business were largely
illusory" and that most LOCs issued in Vesttoo's transactions were
fraudulent.

This extrinsic evidence is insufficient for the Court to conclude,
as a matter of law at the motion to dismiss stage, that the 15 LOCs
in question were forged. Although the Debtor's Report suggests the
LOCs underlying Vesstoo's transactions generally were fraudulent,
the Report does not make any findings as to the specific LOCs
issued to Plaintiffs through Corinthian. Accordingly, the Court
finds it premature to determine the validity of the LOCs at this
time.

Agency Theory

The FAC asserts an agency theory of liability for the breach of
contract claim. It alleges that Lam was authorized by CCBC and/or
CCB Asia to negotiate and issue letters of credit, including,
without limitation, the LOCs. Defendants argue that Lam did not
have actual or apparent authority to bind CCBC/CCBNY to the issued
LOCs.

The Court finds Plaintiffs have failed to allege that CCBC or CCBNY
granted Lam actual authority to act on their behalf with respect to
the Reinsurance Contracts. According to the Court, the FAC's
specific factual allegations concerning Lam's affiliation with CCB
Asia undermine Plaintiffs' conclusory characterization of Lam as a
"CCB" (i.e., CCBC/CCBNY) employee. Nor have Plaintiffs plausibly
alleged facts showing that CCBC or CCBNY -- not CCB Asia --
exercised control over Lam. Absent any factual allegations showing
that Lam's conduct was subject to the control of CCBC or CCBNY --
not merely CCB Asia -- the Court cannot reasonably infer that Lam
had actual authority to issue the LOCs at issue in this case. As a
result, as pleaded in the FAC, the Court cannot hold CCBC or CCBNY
liable for breach of contract on the basis that these entities
granted Lam actual authority to issue the LOCs.

Apparent Authority

Plaintiffs alternatively argue that they have pled sufficient facts
that Lam had apparent authority to bind CCBC/CCBNY to the LOCs.
Plaintiffs argue that they have adequately pleaded apparent
authority based on CCBC/CCBNY's alleged appointment of Lam to a
managerial role that provided a "full range" of banking services --
services which, Plaintiffs contend, necessarily included the
authority to issue LOCs.

However, the FAC contains no allegations that the Intermediaries,
Corinthian, or the Transaction Entities provided Plaintiffs with
any information reflecting CCBC/CCBNY's manifestations of Lam's
authority at the time the Reinsurance Contracts were executed.
Rather, any such information was allegedly conveyed to Plaintiffs
only after they began to question the validity of the LOCs --
several years after the contracts had been entered into. Because
Plaintiffs have failed to allege that they sufficiently relied on
statements by the agent or the principal at the time of
contracting, they cannot allege a prima facie claim for breach of
contract on a theory of apparent authority.

The Court finds because Plaintiffs have failed to allege an agency
theory of liability sufficiently supporting their breach of
contract claim, Plaintiffs fail to state a claim for breach of
contract. Accordingly, Plaintiffs' breach of contract claims
against CCBC and CCBNY (Counts I and II) are dismissed without
prejudice.

Fraud Claim Against CCBC

Plaintiffs bring a claim for fraud against CCBC in the alternative
to its breach of contract claim. Plaintiffs allege that Lam and
other authorized agents of CCBC orchestrated a scheme to defraud
Plaintiffs by materially misrepresenting the validity of the issued
LOCs to Plaintiffs and the Intermediaries.

CCBC argues that:

   (1) the fraud claim must be dismissed as duplicative of the
breach of contract claim,
   (2) Plaintiffs fail to allege that they reasonably relied on the
purported material misrepresentations, and
   (3) Plaintiffs fail to establish respondeat superior liability.

In this case, because Defendants dispute the validity of the LOCs,
it is not clear to the Court that a valid and enforceable contract
controlling the dispute exists such that a claim for fraud would be
inappropriate. Plaintiffs' respondeat superior argument suffers
from the same deficiencies as its agency theory.  The Court finds
Plaintiffs fail to allege that Lam was employed by CCBC or that
CCBC otherwise controlled Lam's ability to issue LOCs. Absent such
allegations, Plaintiffs cannot hold CCBC vicariously liable for
fraud on a respondeat superior theory. Accordingly, Plaintiffs'
fraud claim against CCBC (Count III) is dismissed without
prejudice.

Negligent Supervision Claim Against CCBC

Plaintiffs bring a claim for negligent supervision against CCBC,
arguing that CCBC knew or should have reasonably known about Lam's
propensity to participate in the fraudulent scheme.

The Court finds Plaintiffs have failed to sufficiently allege the
existence of an employer-employee relationship between Lam and
CCBC.  Accordingly, Plaintiffs' claim for negligent supervision
against CCBC (Count V) is dismissed without prejudice.

UCC Claim Against CCBC/CCBNY

Plaintiffs allege that CCBNY -- and by extension, CCBC -- violated
N.Y. U.C.C. Secs. 5-108 and 5-1097 by refusing to honor the LOCs
when Plaintiffs presented a sight draft for payment. CCBC and CCBNY
contend that they had no obligation to comply with Sec. 5-108 and
Sec. 5-109 because they denied having issued the LOCs at the time
of presentment and because Plaintiffs knew that the LOCs were
fraudulent when they submitted the sight drafts.

Thus, for the UCC to apply, the Court must first determine that
CCBNY made a definite undertaking to honor the presentments. The
Court finds the FAC fails to allege that Lam had actual or apparent
authority to bind CCBNY to the LOCs. Absent such authority, there
can be no undertaking attributable to CCBNY, and therefore, no
valid letter of credit under the N.Y. U.C.C. To hold otherwise
would effectively compel banks to honor facially compliant
presentments under instruments they never issued. Therefore, the
Court concludes Plaintiffs' failure to allege that Lam had
authority to bind CCBNY to the LOCs is fatal to their claim that
CCBNY was obligated to comply with Section 5-108 upon presentment
of the sight drafts. As a result, Plaintiffs' UCC claims against
CCBC (Count VII) and CCBNY (Count VIII) are dismissed without
prejudice.

Declaratory Relief against CCBC

The Court dismisses Plaintiffs' claims for declaratory relief
against CCBC. CCBC argues that Plaintiffs' request for a
declaratory relief should be characterized as a request for
injunctive relief and that regardless, such a request is improper
because Plaintiffs seek money damages. Plaintiffs fail to address
any of these arguments in their opposition motion. In light of
Plaintiffs' failure to address these claims in their opposition,
the claims for declaratory relief are deemed abandoned.
Accordingly, Plaintiffs' claim for declaratory relief against CCBC
(Count XI) is dismissed, without prejudice.

CCB Asia's Motion to Dismiss

CCB Asia separately moves to dismiss Plaintiffs' claims for fraud
(Count IV) and negligent supervision (Count VI) on the grounds that
the Court lacks personal jurisdiction and that the FAC fails to
state a claim for relief for each cause of action.

Plaintiffs advance three grounds for this Court's exercise of
personal jurisdiction over CCB Asia. First, Plaintiffs allege that
CCB Asia's business activities in  New York bring them within the
reach of Section 302(a)(1) of New York's long-arm statute. Second,
Plaintiffs allege that CCB Asia committed a tortious act causing an
injury in New York bringing it within reach of Section 302(a)(3) of
New York's long-arm statute. Third, Plaintiffs assert that the
Court has personal jurisdiction over CCBC/CCBNY pursuant to the
FSIA, 28 U.S.C. Secs. 1330, 1603, 1605.

The Court notes there is substantial disagreement between the
parties as to whether CCB Asia has sufficient contacts with the
State of New York for purposes of both Section 302(a)(1) and the
constitutional "minimum contacts" doctrine. As an initial matter,
the FAC fails to allege that CCB Asia itself transacted business in
New York within the meaning of Section 302(a)(1).

Plaintiffs attempt to impute CCBC/CCBNY's New York contacts to CCB
Asia by referring to all three defendants as "CCB" in the FAC and
further alleging that "CCB" operates in New York through CCBNY.
However, the FAC fails to allege that CCBC/CCBNY and CCB Asia
constitute a single entity. The FAC merely alleges that CCB Asia is
a wholly owned subsidiary of CCBC but does not include sufficient
facts to show that CCBC controls CCB Asia. In their opposition
brief, Plaintiffs allege several additional facts, through various
attachments, regarding the relationship between CCBC and CCB Asia
that are not alleged
in the FAC.

According to the Court, Plaintiffs' additional allegations fail to
impute CCBC's contacts with New York to CCB Asia. Under New York
law, a court may exercise personal jurisdiction over a subsidiary
based on its jurisdiction over the parent company only when the
subsidiary is an alter ego or mere department of the parent
company.

Plaintiffs fail to establish CCBC's parental intrusion into CCB
Asia's selection of personnel. They argue that because CCB Asia's
Chairman is also CCBC's  Executive Vice President, CCBC must
exercise complete control over CCB Asia.  Accordingly, the Court
finds under both the constitutional minimum contacts test and
Section 302(a)(1), CCB Asia lacks sufficient direct contacts with
New York for this Court to exercise jurisdiction over it.

Agency Theory of Personal Jurisdiction

Alternatively, Plaintiffs advance an agency theory of personal
jurisdiction, arguing that Lam's contacts with New York should be
imputed to CCB Asia.  According to the Court, Plaintiffs may have
adequately alleged the existence of a formal agency relationship
between Lam and CCB Asia, given that Lam was an employee of CCB
Asia. However, Plaintiffs have failed to establish that CCB Asia
directed any of Lam's contacts with New York. The FAC alleges, in
part, that Lam issued the LOCs while employed at CCB Asia and made
them payable at CCBNY, relying on CCBNY's status as a NAIC-approved
issuer of letters of credit. The FAC also alleges that Vesttoo, a
New York-based entity, coordinated the delivery of the LOCs with
Lam. If Lam's New York contacts could be imputed to CCB Asia, the
Court would have little difficulty finding personal jurisdiction
based on those contacts. However, Plaintiffs do not allege
sufficient facts to show that Lam's activities in or directed
toward New York were undertaken at CCB Asia's direction. Absent
from the FAC is any allegation that Lam acted at CCB Asia's
direction or with its consent in negotiating the Reinsurance
Contracts in Vesttoo's offices in New York. The FAC contains no
allegations which permit a reasonable inference that CCB Asia
played an active role in directing Lam's activities in New York or
otherwise consented to such activities. According tot he Court,
although Plaintiffs argue that CCB Asia may be liable for Lam's
actions under the theory of respondeat superior, such allegations
cannot establish personal jurisdiction, which require Plaintiffs to
show that Lam's conduct in New York was undertaken at CCB Asia's
direction, with CCB Asia's knowledge, and under CCB Asia's
control.

In sum, the Court concludes Plaintiffs have not established that
Lam's contacts in New York were purposefully directed by CCB Asia.
Accordingly, the Court does not have personal jurisdiction over CCB
Asia under Section 302(a)(1).

Personal Jurisdiction Pursuant to the FSIA

Alternatively, Plaintiffs argue that the Court may exercise
personal jurisdiction over CCB Asia under the FSIA because it is an
"agency or instrumentality" of the Peoples Republic of China. In
asserting that CCB Asia is an "organ" of the PRC, Plaintiffs assert
a variety of arguments that only relate to CCBC, CCB Asia's parent
company. According to the Court, none of the facts Plaintiffs
allege, either in the FAC or in their opposition, contain
information related to CCB Asia's relationship with the PRC. In
light of the FAC's failure to allege that CCBC is wholly dominated
by CCB Asia, Plaintiffs have failed to establish a prima facie case
of personal jurisdiction under the FSIA, the Court concludes.

Plaintiffs' theory of personal jurisdiction under Section 302(a)(3)
is that CCB Asia committed tortious acts by issuing the fraudulent
LOCs and negligently supervising Lam. CCB Asia contends that even
if a tort occurred, it did not result in an injury to a person in
New York.

Plaintiffs also argue that the Court has personal jurisdiction
under New York Civil Practice Law and Rules Section 302(a)(3)
("Section 302(a)(3)").

The Court says it cannot exercise personal jurisdiction over
Plaintiffs' fraud claim against CCB Asia under Section 302(a)(3)
for the same reasons it cannot exercise it under Section 302(a)(1):
Plaintiffs fail to allege an agency theory of personal jurisdiction
imputable to CCB Asia regarding Lam's alleged conduct.

Accordingly, CCB Asia's motion to dismiss pursuant to Rule 12(b)(2)
is denied without prejudice to renew at the close of jurisdictional
discovery.

A copy of the Court's Order dated August 6, 2025, is available at
https://urlcurt.com/u?l=nDmdfZ from PacerMonitor.com.

                      About Vesttoo Ltd

Vesttoo Ltd. is a technology-driven collateralized reinsurance
provider in Tel Aviv, Israel.  It connects the insurance industry
with the capital markets by combining AI-powered technology with
expertise in data science, insurance and finance.

Vesttoo and its affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. (Lead Case No. 23-11160) on
August 14 and 15, 2023.

The Honorable Bankruptcy Judge Mary F. Walrath oversees the case.

The Debtors tapped DLA Piper, LLP (US) as legal counsel and Kroll,
LLC as financial advisor.  Epiq Corporate Restructuring, LLC is the
claims and administrative agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtor's Chapter 11 case. The
committee tapped Greenberg Traurig, LLP as legal counsel and
Alvarez & Marsal North America, LLC as financial advisor.


WARHORSE GAMING: Moody's Rates New $350MM 1st Lien Loans 'B3'
-------------------------------------------------------------
Moody's Ratings assigned a B3 rating to the WarHorse Gaming, LLC's
("WarHorse") proposed $300 million senior secured first lien term
loan and $50 million senior secured first lien revolving credit
facility. Moody's also affirmed the company's B3 Corporate Family
Rating and B3-PD Probability of Default Rating, and changed the
outlook to positive from stable. The Ba3 rating on the existing
senior secured super priority revolving credit facility and B3
rating on the company's existing senior secured 1st lien term loan
were also affirmed.

Proceeds from the proposed term loan, along with cash on hand, will
be used to refinance the company's existing term loan and pay
related fees and expenses. Moody's anticipates withdrawing the
ratings on the existing priority revolver and term loan at the
completion of the proposed refinancing transaction.

The affirmation and positive outlook reflect the successful
completion of the construction and opening of the company's Lincoln
and Omaha casinos, along with the anticipated ramp up of
performance. This will drive leverage levels down for the company.

RATINGS RATIONALE

WarHorse Gaming, LLC's rating reflects the ground-up, debt-financed
nature of the two casino development projects now completed,
ramp-up risk associated with its new casino projects, and limited
diversification. Moody's also considers the competitive market in
which WarHorse operates, including three casinos in Council Bluffs,
Iowa. Risks regarding general economic conditions and consumer
discretionary spending levels, remain a constraint. Positive
considerations include WarHorse's position which includes two new
casinos in Nebraska, with central locations in Omaha and Lincoln.
Management expects the facilities to draw patrons from the
surrounding Omaha and Lincoln markets, who currently travel to
markets such as Council Bluffs, Iowa to gamble. Nebraska's 20%
gaming tax is lower than many regional markets. WarHorse Gaming is
100% owned by Ho-Chunk, Inc., a component unit of the Winnebago
Tribe of Nebraska, and is exempt from federal income tax and
Nebraska state income taxes.

Marketing terms for the new credit facilities (final terms may
differ materially) include the following: Incremental pari passu
debt capacity up to the greater of $60 million and 100% of
Consolidated EBITDA for most recent four quarter period, plus
unlimited amounts subject to 3.50x total net leverage. There is no
inside maturity sublimit.  No unrestricted subsidiary may own any
material intellectual property or any fee or leasehold interest in,
or operate any Development or own assets used in the development,
construction or operation of any Development.  Investments in
unrestricted subsidiaries are only permitted in an amount up to the
greater of $9 million and 15% of Consolidated EBITDA, and pursuant
to a basket for investments in WHG South Sioux City up to $10
million.  The credit agreement is expected to provide some
limitations on up-tiering transactions, requiring affected lender
consent for amendments that subordinate or have the effect of
subordinating the debt or lien.

The positive rating outlook reflects Moody's expectations that the
company's two casinos will continue to ramp up in terms of
operating performance, leading to lower leverage levels over the
coming 12-18 months.

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

WarHorse's ratings could be upgraded if the casinos successfully
ramp up and debt/EBITDA falls below 4.0x on a sustained basis.

Ratings could be downgraded if ramp-up performance falls below
expectations, the overall economy and consumer spending deteriorate
significantly, competition increases unexpectedly, liquidity
declines, or debt/EBITDA exceeds 6.0x.

WarHorse Gaming, LLC is a Nebraska-based casino company with
recently developed commercial casino properties in Omaha and
Lincoln. WarHorse is 100% owned by Ho-Chunk, Inc., which is an
economic development corporation owned by the Winnebago Tribe of
Nebraska. Moody's expects the projects to generate over $200
million in annual revenue in the first full year of operations.

The principal methodology used in these ratings was Gaming
published in June 2021.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.


WASTE SERVICES: FS KKR Marks $11.2M 1L Loan at 38% Off
------------------------------------------------------
FS KKR Capital Corp. has marked its $11,200,000 loan extended to
Waste Services Group Pty. Ltd. to market at $6,900,000 or 62% of
the outstanding amount, according to FS KKR's Form 10-Q for the
fiscal year ended June 30, 2025, filed with the U.S. Securities and
Exchange Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Waste Services Group Pty. Ltd. The loan accrues interest at a rate
of 5% per annum. The loan matures on January 2032.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

              About Waste Services Group Pty. Ltd.

WSG Services Group Pty. Ltd. provides waste management, resource
recovery and industrial services via tailored solutions that
customers can rely on, solving their waste challenges responsibly
and sustainably.


WEABER INC: Seeks to Hire Post & Schell P.C. as Special Counsel
---------------------------------------------------------------
Weaber, Inc. seeks approval from the U.S. Bankruptcy Court for the
Middle District of Pennsylvania to employ Post & Schell, P.C. as
special counsel.

The firm's representation consists primarily of advice regarding
general corporate and transactional matters, employment law, real
estate law, litigation, and OSHA and other regulatory matters.

The firm's hourly rates are:

     Sr. Principals       $475
     Jr. Principals       $375 to $700
     Associates           $250 to $375
     Paralegal            $195

John W. Dornberger, Esq., a partner of Post & Schell, assured the
court that the firm is a "disinterested person" within the meaning
of 11 U.S.C. 101(14).

The firm can be reached through:

     John W. Dornberger, Esq.
     Post & Schell, P.C.
     17 North Second Street, 12th Floor
     Harrisburg, PA 17101-1601
     Telephone: (717) 731-1970
     Facsimile: (717) 731-1985
     Email: jdornberger@postschell.com

        About Weaber Inc.

Weaber Inc. manufactures and distributes hardwood lumber products
across the United States. Combining advanced production technology
with strict quality standards, it supplies flooring, trim, paneling
and other specialty hardwood components in both full-truckload and
small-lot deliveries.

Weaber Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. M.D. Pa. Case No. 25-02167) on August 1, 2025. In its
petition, the Debtor reports estimated assets and liabilities
between $10 million and $50 million each.

Honorable Bankruptcy Judge Henry W. Van Eck handles the case.

The Debtor is represented by Albert A. Ciardi, III, Esq. at Ciardi
Ciardi and Astin.


WHITESTONE CROSSING: Gets OK to Use Cash Collateral Until Dec. 1
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division granted Whitestone Crossing Austin, LLC interim
approval to use cash collateral through December 1.

The court's second interim order authorized the Debtor to use cash
collateral for purposes set forth in its budget including payment
of expenses, plus overage variances that do not exceed 5% on any
individual line item or 5% in total.

The order is effective until December 1 or until the Debtor's
bankruptcy case is dismissed or converted; an event of default
occurs that is left uncured; or a motion is filed seeking use of
collateral without the consent of noteholder, LFT CRE 2021-FL1,
Ltd., whichever comes first.

To protect LFT's security interest in the collateral, the
noteholder will be granted replacement liens. These are
automatically perfected liens on all of the Debtor's assets
(including new debtor-in-possession bank accounts) and the proceeds
thereof, with the same priority, validity and extent as the
pre-bankruptcy liens held on the Debtor's assets.

If the replacement liens do not fully protect the noteholder's
interest in the cash collateral, the noteholder will have
superpriority administrative expense claims under Section 507(b) of
the Bankruptcy Code.

In addition, the Debtor will make monthly tax, insurance, and
interest payments beginning this month as adequate protection.

The next hearing is scheduled for November 19.

The Debtor owns and operates an apartment building in Cedar Park,
Texas. In April 2021, the Debtor borrowed a principal amount of $17
million from LFT. The loan is secured by the Debtor's assets,
including the property and the rental income generated therefrom.

The Debtor owes $13.67M+ to LFT CRE 2021-FL1, Ltd. (the
Noteholder), secured by liens on real property at 1201 W.
Whitestone Blvd., Cedar Park, TX.

                 About Whitestone Crossing Austin

Whitestone Crossing Austin, LLC operates Whitestone Crossing, an
apartment community located in Cedar Park, Texas. The property
offers one- and two-bedroom units featuring modern amenities such
as nine-foot ceilings, fiber-ready internet, and in-home washers
and dryers. The community also provides facilities including a
swimming pool, clubhouse, and fitness center.

Whitestone Crossing Austin sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-31768) on May
12, 2025. In its petition, the Debtor reported estimated assets and
liabilities between $10 million and $50 million.

Judge Stacey G. Jernigan handles the case.

The Debtor is represented by Abhijit Modak, Esq., at Abhijit Modak,
Attorney at Law.

LFT CRE 2021-FL1, Ltd., acting through Lument Real Estate Capital,
is represented by:

   Brent McIlwain, Esq.
   Christopher A. Bailey, Esq.
   Holland & Knight, LLP
   1722 Routh Street, Suite 1500
   Dallas, TX 75201
   Telephone: 214.969.1700
   brent.mcilwain@hklaw.com
   chris.bailey@hklaw.com


WINSTAR HOLDINGS: Aaron Cohen Named Subchapter V Trustee
--------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Aaron Cohen, Esq.,
a practicing attorney in Jacksonville, Fla., as Subchapter V
trustee for Winstar Holdings Group, LLC.

Mr. Cohen will be paid an hourly fee of $315 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Cohen declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Aaron R. Cohen, Esq.
     P.O. Box 4218
     Jacksonville, FL 32201
     Tel: (904) 389-7277
     Email: aaron@arcohenlaw.com

                   About Winstar Holdings Group

Winstar Holdings Group, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05195) on
August 15, 2025, with $100,001 to $500,000 in assets and $1,000,001
to $10 million in liabilities.

Judge Grace E. Robson presides over the case.

Daniel A. Velasquez, Esq. at Latham, Luna, Eden & Beaudine, LLP
represents the Debtor as legal counsel.


WINSTAR INVESTMENTS: Aaron Cohen Named Subchapter V Trustee
-----------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Aaron Cohen, Esq.,
a practicing attorney in Jacksonville, Fla., as Subchapter V
trustee for Winstar Investments, LLC.

Mr. Cohen will be paid an hourly fee of $315 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Cohen declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Aaron R. Cohen, Esq.
     P.O. Box 4218
     Jacksonville, FL 32201
     Tel: (904) 389-7277
     Email: aaron@arcohenlaw.com

                    About Winstar Investments

Winstar Investments, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05196) on August
15, 2025, with $50,001 to $100,000 in assets and $500,001 to $1
million in liabilities.

Judge Lori V. Vaughan presides over the case.

Daniel A. Velasquez, Esq., at Latham, Luna, Eden & Beaudine, LLP
represents the Debtor as legal counsel.


WISDOM DENTAL: Gets Interim OK to Use Cash Collateral
-----------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Fort
Myers Division issued an interim order authorizing Wisdom Dental,
P.A. to use cash collateral effective as of the petition date.

The interim order signed by Judge Caryl Delano authorized the
Debtor to use cash collateral to pay the amounts expressly
authorized by the court, including Subchapter V trustee interim
compensation; the expenses set forth in the budget, plus an amount
not to exceed 10% for each line item; and additional amounts
expressly approved by secured claimants.

The Debtor projects total operational expenses of $442,714 for a
13-week period.

The U.S. Small Business Administration and 19 other secured
creditors will receive replacement liens on post-petition
collateral, with the same validity and priority as their
pre-petition liens.

In addition, the Debtor was ordered to keep its property insured in
accordance with the obligations under the loan and security
documents with the secured creditors.

The next hearing is set for September 24.

As of the petition filing, the Debtor reported $850 in cash and
$170,420.28 in accounts receivable. It also listed 20 secured
parties that may have valid pre-bankruptcy liens on its cash or
receivables such as Seacoast National Bank, U.S. Small Business
Administration, Fresh Funding Solutions, and others, some of whom
have already been paid in full.

                About Wisdom Dental, P.A.

Wisdom Dental, P.A. operates a dental clinic under the name Ave
Maria Dentistry from its ocation in Ave Maria, Florida. The
practice provides preventive, restorative, and cosmetic dental
services and is led by Dr. Wisdom D. Akpaka. The company was
incorporated in Florida in 2015.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01508) on August 6,
2025. In the petition signed by Wisdom Akpaka, president, the
Debtor disclosed $223,970 in assets and $2,851,770 in liabilities.

Judge Caryl E. Delano oversees the case.

Michael Dal Lago, Esq., at DAL LAGO LAW, represents the Debtor as
legal counsel.


WK BROWN: Seeks Subchapter V Bankruptcy in Minnesota
----------------------------------------------------
On August 18, 2025, WK Brown LLC filed Chapter 11 protection in
the District of Minnesota. 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 WK Brown LLC

WK Brown LLC is engaged in leasing real estate properties,
including residential buildings and dwellings, nonresidential
buildings, miniwarehouses, and self-storage units, and other real
estate assets.

WK Brown LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-42685) on August
18, 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 Mychal A. Bruggeman handles the case.

The Debtor is represented by Jeffrey Butwinick, Esq. at BUTWINICK
LAW OFFICE.


WK BROWN: Steven Nosek Named Subchapter V Trustee
-------------------------------------------------
The Acting U.S. Trustee for Region 12 appointed Steven Nosek as
Subchapter V trustee for WK Brown, LLC.

Mr. Nosek will be paid an hourly fee of $400 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Nosek declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Steven B. Nosek
     10285 Yellow Circle Drive
     Hopkins, MN 55343
     Email: snosek@noseklawfirm.com

                          About WK Brown

WK Brown, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Minn. Case No. 25-42685) on August 18,
2025, with $500,001 to $1 million in assets and $1,000,001 to $10
million in liabilities.

Judge Mychal A. Bruggeman presides over the case.

Jeffrey H. Butwinick, Esq., represents the Debtor as legal counsel.


WORLDWISE INC: FS KKR Marks $19.6M 1L Loan at 47% Off
-----------------------------------------------------
FS KKR Capital Corp. has marked its $19,600,000 loan extended to
Worldwise Inc. to market at $10,300,000 or 53% of the outstanding
amount, according to FS KKR's Form 10-Q for the fiscal year ended
June 30, 2025, filed with the U.S. Securities and Exchange
Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Worldwise Inc. The loan accrues interest at a rate of 5% per annum.
The loan matures on March 2028.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

          About Worldwise Inc.

Worldwise, Inc. is a pet supply platform founded in 1990, known for
creating environmentally responsible pet products, like catnip,
bedding, and toys, under various brands such as goDog, Hear Doggy!,
and SmartyKat.


WORLDWISE INC: FS KKR Marks $400,000 2L Loan at 50% Off
-------------------------------------------------------
FS KKR Capital Corp. has marked its $400,000 loan extended to
Worldwise Inc. to market at $200,000 or 50% of the outstanding
amount, according to FS KKR's Form 10-Q for the fiscal year ended
June 30, 2025, filed with the U.S. Securities and Exchange
Commission.

FS KKR is a participant in a Senior Secured Second Lien Loan to
Worldwise Inc. The loan accrues interest at a rate of 5.20% per
annum. The loan matures on March 2032.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

         About Worldwise Inc.

Worldwise, Inc. is a pet supply platform founded in 1990, known for
creating environmentally responsible pet products, like catnip,
bedding, and toys, under various brands such as goDog, Hear Doggy!,
and SmartyKat.


WORLDWISE INC: FS KKR Marks $800,000 1L Loan at 50% Off
-------------------------------------------------------
FS KKR Capital Corp. has marked its $800,000 loan extended to
Worldwise Inc. to market at $400,000 or 50% of the outstanding
amount, according to FS KKR's Form 10-Q for the fiscal year ended
June 30, 2025, filed with the U.S. Securities and Exchange
Commission.

FS KKR is a participant in a Senior Secured First Lien Loan to
Worldwise Inc. The loan accrues interest at a rate of 5% per annum.
The loan matures on March 2032.

FS KKR was incorporated under the general corporation laws of the
State of Maryland on December 21, 2007 and formally commenced
investment operations on January 2, 2009. The Company is an
externally managed, non-diversified, closed-end management
investment company that has elected to be regulated as a business
development company, under the Investment Company Act of 1940. The
Company's investment objectives are to generate current income and,
to a lesser extent, long-term capital appreciation. The Company's
portfolio is comprised primarily of investments in senior secured
loans and second lien secured loans of private middle-market U.S.
companies and, to a lesser extent, subordinated loans and certain
asset-based financing loans of private U.S. companies.

FS KKR is led by Michael C. Forman as Chief Executive Officer,
Steven Lilly as Chief Financial Officer, and William Goebel as
Chief Accounting Officer.

The Company can be reach through:

Michael C. Forman
FS KKR Capital Corp.
201 Rouse Boulevard
Philadelphia, PA 19112
Telephone: (215) 495-1150

            About Worldwise Inc

Worldwise, Inc. is a pet supply platform founded in 1990, known for
creating environmentally responsible pet products, like catnip,
bedding, and toys, under various brands such as goDog, Hear Doggy!,
and SmartyKat.


X4 PHARMACEUTICALS: CEO, CFO Exit; Craig Named Executive Chairman
-----------------------------------------------------------------
X4 Pharmaceuticals, Inc. disclosed in a Form 8-K Report filed with
the U.S. Securities and Exchange Commission that on August 11,
2025, Paula Ragan, Ph.D. notified the Company's board of directors
of her resignation as President, Chief Executive Officer and
principal executive officer of the Company and a member of the
Board, in each case, effective as of 7 a.m. Eastern Standard Time
on August 12, 2025. Dr. Ragan's resignation is not a result of any
disagreement with the Company or any matter relating to financial
policies or procedures. The Company anticipates entering into a
separation agreement with Dr. Ragan, which shall provide that,
subject to the Company's receipt of a general release of claims
against the Company, Dr. Ragan will receive:

     (i) a one-time payment equal to 15 months of her current base
salary,
    (ii) a one-time payment equal to approximately 87% of her
target bonus for 2025,
   (iii) a monthly cash payment equal to the monthly employer
contribution that the Company would have made to provide health
insurance to her if she had remained employed by the Company until
the earlier of 12 months following her last date of employment or
the date she becomes eligible for health benefits through another
employer or otherwise becomes ineligible for COBRA, and
    (iv) accelerated vesting of any currently unvested stock
options and other stock-based awards currently held by Dr. Ragan.

Departure of Chief Financial Officer
Treasurer, Secretary and Principal Financial Officer:

Similarly, Adam S. Mostafa notified the Board of his resignation as
Chief Financial Officer, Treasurer, Secretary and principal
financial officer of the Company, in each case, effective as of the
Effective Time. The Company anticipates entering into a separation
agreement with Mr. Mostafa, which shall provide that, subject to
the Company's receipt of a general release of claims against the
Company, Mr. Mostafa will receive:

     (i) a one-time payment equal to 12 months of his current base
salary,
    (ii) a one-time payment equal to his target bonus for 2025,
prorated through his last date of employment,
   (iii) a one-time cash payment equal to the monthly employer
contribution that the Company would have made to provide health
insurance to him if he had remained employed by the Company for six
months, and
    (iv) accelerated vesting of any currently unvested stock
options and other stock-based awards currently held by Mr.
Mostafa.

Appointment of Executive Chairman,
Director and Principal Executive Officer:

In connection with the CEO Separation, on August 11, 2025, the
Board appointed Adam Raymond Craig, M.D., Ph.D., as the Executive
Chairman and "principal executive officer" of the Company for
purposes of Section 16 of the Securities Exchange Act of 1934, as
amended, effective as of the Effective Time.

On August 11, 2025, the Board also appointed Dr. Craig to serve on
the Board as a Class II director, effective as of the Effective
Time, until the Company's annual meeting of stockholders in 2028 or
his earlier death, resignation or removal. Also on August 11, 2025,
Michael Wyzga notified the Board of his decision to transition from
the Chairman of the Board to lead independent director of the
Board, and the Board appointed Dr. Craig as the Chairman of the
Board, in each case, effective as of the Effective Time.

Dr. Craig, age 59, most recently served as the Interim President
and Chief Executive Officer of Stratus Therapeutics, Inc. (formerly
known as Garuda Therapeutics, Inc.) from August 2024 until March
2025. He also served as President, Chief Executive Officer and
Interim Chief Medical Officer of CTI BioPharma Corp. and as a
member of its board of directors from March 2017 until June 2023.
He is a physician and experienced biopharmaceutical industry leader
with extensive expertise in corporate strategic operations and
governance, investor relations and financing; U.S. and EU
regulatory engagement; and medical affairs and hematology and
oncology research. Prior to CTI BioPharma, Dr. Craig worked as an
independent consultant providing strategic and operational advice
and support to CTI BioPharma and other hematology/oncology
biotechnology companies since 2016. Prior to consulting, Dr. Craig
was Chief Medical Officer and Executive Vice President of
Development of Sunesis Pharmaceuticals, a biopharmaceutical company
developing novel targeted inhibitors for the treatment of
hematologic and solid cancers, from 2012 to 2016. From 2008 to
2012, Dr. Craig was Chief Medical Officer and Senior Vice President
of Chemgenex Pharmaceuticals Ltd, a biotechnology company which was
acquired by Cephalon/Teva Pharmaceuticals in 2011. He also served
as a Product Development Reviewer for the Cancer Prevention
Research Institute of Texas. Dr. Craig has been a member of the
board of directors of Stratus Therapeutics since August 2024. Dr.
Craig earned his Medical Degree from Charing Cross and Westminster
Medical School, University of London, a Ph.D. in Molecular Oncology
from Leeds University in the U.K. and an M.B.A. from The Open
University Business School (U.K.). Dr. Craig completed
post-graduate training in Paediatrics, Neonatology and Paediatric
Oncology and is a Member of both the Royal College of Physicians
(London) and the Royal College of Paediatrics and Child Health. Dr.
Craig's experience as an executive in the pharmaceutical industry
and knowledge of biopharmaceuticals led the Board to conclude that
he is qualified to serve as a Class II director on the Board.

There are no family relationships between Dr. Craig and any
director or executive officer of the Company. Dr. Craig is not
party to any transaction with the Company that would require
disclosure under Item 404(a) of Regulation S-K, and there are no
arrangements or understandings between Dr. Craig and any other
persons pursuant to which he was selected as the Executive Chairman
or a director. In addition, Dr. Craig will enter into an
indemnification agreement with the Company consistent with the form
of indemnification agreement entered into between the Company and
its existing officers and directors.

The Company entered into an employment agreement, dated August 11,
2025, with Dr. Craig, pursuant to which Dr. Craig will become the
Executive Chairman of the Company, effective as of the Effective
Time. The Craig Employment Agreement provides for, among other
things, Dr. Craig's service for 24 hours per week, an annual base
salary of GBP340,000 equal to approximately $457,266), a target
annual bonus opportunity of 60% of his base salary each year (with
the target bonus for 2025 being pro-rated), an option grant equal
to 1,609,873 shares of Common Stock subject to time-based vesting
and a performance-based option grant equal to 2,640,845 shares of
Common Stock. In addition, the Company shall reimburse Dr. Craig
for the cost incurred by him to maintain private medical and dental
insurance in an amount equal to GBP1,000 per month. Dr. Craig will
also be eligible to participate in the Company's general employee
benefit plans during his employment term.

Pursuant to the Craig Employment Agreement, if Dr. Craig is
terminated without "Cause" or resigns for "Good Reason" (as such
terms are defined in the Craig Employment Agreement), he will be
entitled to:

     (i) all accrued and unpaid base salary through the termination
date;
    (ii) continuing severance pay at a rate equal to one hundred
percent (100%) of Dr. Craig's base salary, plus the pro-rata
portion of Dr. Craig's target bonus for the calendar year in which
the termination occurs based on the period worked by Dr. Craig
during such calendar year prior to termination, as then in effect
(less applicable withholding), for a period of eighteen (18) months
from the date of such termination, to be paid in a single lump sum
in accordance with the Company's normal payroll practices within
sixty (60) days following the date of termination;
   (iii) reimbursement of all business expenses for which Dr. Craig
is entitled to reimbursement;
    (iv) the pro-rata portion of Dr. Craig's target bonus for the
calendar year in which the termination occurs based on the period
worked such calendar year prior to termination;
     (v) reimbursement for Dr. Craig's private medical and dental
insurance in an amount equal to GBP1,000  per month, until the
earlier of eighteen (18) months from the date of termination or the
date upon which Dr. Craig becomes eligible to receive health
benefits through another employer; and
    (vi) accelerated vesting of any then-outstanding unvested
equity awards.

In the event that Dr. Craig is terminated without "Cause" or
resigns for "Good Reason" within twenty-four (24) months after a
"change of control period" (as such terms are defined in the Craig
Employment Agreement), then he is entitled to:

     (i) all accrued and unpaid base salary through the termination
date;
    (ii) continuing severance pay at a rate equal to 100% of Dr.
Craig's base salary, plus Dr. Craig's target bonus, as then in
effect (less applicable withholding), for a period of eighteen (18)
months from the date of such termination, to be paid in a single
lump sum in accordance with the Company's normal payroll practices
within sixty (60) days following the date of termination;
   (iii) reimbursement of all business expenses for which Dr. Craig
is entitled to be reimbursed, but for which Dr. Craig has not yet
been reimbursed as of the date of the termination;
    (iv) an amount equal to 100% of Dr. Craig's target bonus for
the calendar year in which the termination or resignation occurs in
advance of such Target Bonus being earned;
     (v) reimbursement for Dr. Craig's private medical and dental
insurance in an amount equal to GBP1,000 (GBP) per month, until the
earlier of eighteen (18) months from the date employment terminates
or the date upon which Dr. Craig becomes eligible to receive health
benefits through another employer; and
    (vi) the full acceleration of vesting of any then-outstanding
unvested equity awards as of the date Dr. Craig's employment with
the Company terminated.

Appointment of President:

Furthermore, on August 11, 2025, John Volpone was appointed
President of the Company, effective as of the Effective Time.

Mr. Volpone, age 50, is an independent biopharma consultant
providing a variety of regulatory and business strategy consulting
services since June 2023. Previously, he served in various roles at
CTI BioPharma, including most recently as Executive Vice President
and Chief of Staff from September 2021 until June 2023, Senior Vice
President, Strategic Operations from September 2020 until September
2021 and Vice President, Strategic Operations – Global Program
Lead from September 2017 until September 2020. He is an experienced
biopharmaceutical leader in strategic business partnerships,
licensing, regulatory engagements and commercialization. Mr.
Volpone holds an M.B.A. from Seattle University and a B.Sc. in
Biochemistry from University of Washington.

There are no family relationships between Mr. Volpone and any
director or executive officer of the Company. There are no
arrangements or understandings between Mr. Volpone and any other
person pursuant to which he was appointed as President of the
Company, nor are there any transactions to which the Company is or
was a participant in which Mr. Volpone has a material interest
subject to disclosure pursuant to Item 404(a) of Regulation S-K. In
addition, Mr. Volpone will enter into an indemnification agreement
with the Company consistent with the form of indemnification
agreement entered into between the Company and its existing
officers.

The Company entered into an employment agreement, dated August 11,
2025, with Mr. Volpone, pursuant to which Mr. Volpone will become
the President of the Company, effective as of the Effective Time.
The Volpone Employment Agreement provides for, among other things,
an annual base salary of $450,000, a target annual bonus
opportunity of 40% of his base salary each year (with the target
bonus for 2025 being pro-rated), an option grant equal to 1,609,873
shares of Common Stock subject to time-based vesting and a
performance-based option grant equal to 2,640,845 shares of Common
Stock. Mr. Volpone will also be eligible to participate in the
Company's general employee benefit plans during his employment
term.

Pursuant to the Volpone Employment Agreement, if Mr. Volpone is
terminated without "Cause" or resigns for "Good Reason" (as such
terms are defined in the Volpone Employment Agreement), he will be
entitled to:

     (i) all accrued and unpaid base salary through the termination
date;
    (ii) continuing severance pay at a rate equal to one hundred
percent (100%) of Mr. Volpone's base salary, plus the pro-rata
portion of Mr. Volpone's target bonus for the calendar year in
which the termination occurs based on the period worked by Mr.
Volpone during such calendar year prior to termination, as then in
effect (less applicable withholding), for a period of twelve (12)
months from the date of such termination, to be paid in a single
lump sum in accordance with the Company's normal payroll practices
within sixty (60) days following the date of termination;
   (iii) reimbursement of all business expenses for which Mr.
Volpone is entitled to reimbursement, but for which Mr. Volpone has
not yet been reimbursed;
    (iv) the pro-rata portion of the target bonus for the calendar
year in which the termination occurs based on the period worked by
Mr. Volpone during such calendar year prior to termination;
     (v) provided that Mr. Volpone elects COBRA coverage,
reimbursement for a portion of each COBRA premium payment equal to
the portion the Company contributed to such health insurance
premium cost as of the date Mr. Volpone's employment terminates,
until the earlier of twelve (12) months from the date of
termination or the date upon which Mr. Volpone becomes eligible to
receive health benefits through another employer; and
    (vi) accelerated vesting of any then-outstanding unvested
equity awards.

In the event that Mr. Volpone is terminated without "Cause" or
resigns for "Good Reason" within twenty-four (24) months after a
"change of control period" (as such terms are defined in the
Volpone Employment Agreement), then he is entitled to:

     (i) Mr. Volpone's base salary through the effective date of
the termination or resignation;
    (ii) continuing severance pay at a rate equal to 100% of Mr.
Volpone's base salary, plus Mr. Volpone's target bonus, as then in
effect (less applicable withholding), for a period of twelve (12)
months from the date of such termination, to be paid in a single
lump sum in accordance with the Company's normal payroll practices
within sixty (60) days following the date of termination;
   (iii) reimbursement of all business expenses for which Mr.
Volpone is entitled to be reimbursement, but for which Mr. Volpone
has not yet been reimbursed as of the date of the termination or
resignation; (iv) an amount equal to 100% of Mr. Volpone's target
bonus for the calendar year in which the termination or resignation
occurs in advance of such target bonus being earned;
     (v) provided that Mr. Volpone elects COBRA coverage,
reimbursement for a portion of each COBRA premium payment equal to
the portion the Company contributed to such health insurance
premium cost as of the date Mr. Volpone's employment terminates,
until the earlier of twelve (12) months from the date employment
terminates or the date upon which Mr. Volpone becomes eligible to
receive health benefits through another employer; and
    (vi) the full acceleration of vesting of any then-outstanding
unvested equity awards as of the date Mr. Volpone's employment with
the Company terminated.

Appointment of Chief Financial Officer and
Principal Financial and Accounting Officer:

In connection with the CFO Separation, on August 11, 2025, David H.
Kirske was appointed as Chief Financial Officer, Secretary and
"principal financial officer" and "principal accounting officer" of
the Company for purposes of Section 16 of the Exchange Act,
effective as of the Effective Time.

Mr. Kirske, age 71, most recently served as the Chief Financial
Officer of Stratus Therapeutics from September 2024 to May 2025.
From August 2023 to September 2024, Mr. Kirske provided financial
strategy for biotechnology companies as part of Madrona Financial
Consulting. Prior to that, he served as CTI BioPharma's Executive
Vice President, Chief Financial Officer from September 2017 until
June 2023. He is a finance, accounting and investor relations
leader for public and emerging growth private companies primarily
in the biotechnology industry, as well as in technology and
manufacturing. His financial management experience includes
overseeing finance, accounting, operations and capitalization in
debt and equity. Prior to CTI BioPharma, Mr. Kirske served as Vice
President and Chief Financial Officer of Helix BioMedix where he
managed all financial and administrative activities. Previously, he
was the Treasurer and Corporate Controller for F-5 Networks and
Redhook Brewery, where he managed corporate and international
entities and was part of the management teams that led and executed
each company's successful initial public offering. Earlier, he held
a controllership position at Cray Computer. Mr. Kirske holds a B.A.
in Business Administration from the University of Puget Sound.

There are no family relationships between Mr. Kirske and any
director or executive officer of the Company. There are no
arrangements or understandings between Mr. Kirske and any other
person pursuant to which he was appointed as Chief Financial
Officer of the Company, nor are there any transactions to which the
Company is or was a participant in which Mr. Kirske has a material
interest subject to disclosure pursuant to Item 404(a) of
Regulation S-K. In addition, Mr. Kirske will enter into an
indemnification agreement with the Company consistent with the form
of indemnification agreement entered into between the Company and
its existing officers.

The Company entered into an employment agreement, dated August 11,
2025, with Mr. Kirske, pursuant to which Mr. Kirske will become the
Chief Financial Officer of the Company, effective as of the
Effective Time. The Kirske Employment Agreement provides providing
for, among other things, an annual base salary of $495,000, a
retention and performance-based deferred bonus of $120,000, payable
upon Mr. Kirske's transition of the Chief Financial Officer role to
a Board-approved successor, a target annual bonus opportunity of
50% of his base salary each year (with the target bonus for 2025
being pro-rated), an option grant equal to 1,073,249 shares of
Common Stock subject to time-based vesting and a performance-based
option grant equal to 1,760,563 shares of Common Stock. Mr. Kirske
will also be eligible to participate in the Company's general
employee benefit plans during his employment term.

Pursuant to the Kirske Employment Agreement, if Mr. Kirske is
terminated without "Cause" or resigns for "Good Reason" (as such
terms are defined in the Kirske Employment Agreement), he will be
entitled to:

     (i) all accrued and unpaid base salary through the termination
date;
    (ii) continuing severance pay at a rate equal to one hundred
percent (100%) of Mr. Kirske's base salary, plus the pro-rata
portion of Mr. Kirske's target bonus for the calendar year in which
the termination occurs based on the period worked by Mr. Kirske's
during such calendar year prior to termination, as then in effect
(less applicable withholding), for a period of twelve (12) months
from the date of such termination, to be paid in a single lump sum
in accordance with the Company's normal payroll practices within
sixty (60) days following the date of termination;
   (iii) reimbursement of all business expenses for which Mr.
Kirske is entitled to reimbursement, but for which Mr. Kirske has
not yet been reimbursed;
    (iv) the pro-rata portion of the target bonus for the calendar
year in which the termination occurs based on the period worked by
Mr. Kirske during such calendar year prior to termination;
     (v) provided that Mr. Kirske elects COBRA coverage,
reimbursement for a portion of each COBRA premium payment equal to
the portion the Company contributed to such health insurance
premium cost as of the date Mr. Kirske's employment terminates,
until the earlier of twelve (12) months from the date of
termination or the date upon which Mr. Kirske becomes eligible to
receive health benefits through another employer; and
    (vi) accelerated vesting of any then-outstanding unvested
equity awards.

In the event that Mr. Kirske is terminated without "Cause" or
resigns for "Good Reason" within twenty-four (24) months after a
"change of control period" (as such terms are defined in the Kirske
Employment Agreement), then he is entitled to:

     (i) Mr. Kirske's base salary through the effective date of the
termination or resignation;
    (ii) continuing severance pay at a rate equal to 100% of Mr.
Kirske's base salary, plus Mr. Kirske's target bonus, as then in
effect (less applicable withholding), for a period of twelve (12)
months from the date of such termination, to be paid in a single
lump sum in accordance with the Company's normal payroll practices
within sixty (60) days following the date of termination;
   (iii) reimbursement of all business expenses for which Mr.
Kirske is entitled to be reimbursement, but for which Mr. Kirske
has not yet been reimbursed as of the date of the termination or
resignation;
    (iv) an amount equal to 100% of Mr. Kirske's target bonus for
the calendar year in which the termination or resignation occurs in
advance of such target bonus being earned;
     (v) provided that Mr. Kirske elects COBRA coverage,
reimbursement for a portion of each COBRA premium payment equal to
the portion the Company contributed to such health insurance
premium cost as of the date Mr. Kirske's employment terminates,
until the earlier of twelve (12) months from the date employment
terminates or the date upon which Mr. Kirske becomes eligible to
receive health benefits through another employer; and
    (vi) the full acceleration of vesting of any then-outstanding
unvested equity awards as of the date Mr. Kirske's employment with
the Company terminated.

                     About X4 Pharmaceuticals

Boston, Mass.-based X4 Pharmaceuticals, Inc. is a biopharmaceutical
company focused on discovering, developing, and commercializing
novel therapeutics for the treatment of rare diseases and those
with limited treatment options, particularly conditions resulting
from immune system dysfunction.

Boston, Mass.-based PricewaterhouseCoopers LLP, the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated March 25, 2025, attached to the Company's Annual
Report on Form 10-K for the year ended Dec. 31, 2024, citing that
the Company has incurred operating losses and negative cash flows
from operations since inception that raise substantial doubt about
its ability to continue as a going concern.

As of Jun. 30, 2025, it had $105.2 million in total assets against
$101.2 million in total liabilities.


X4 PHARMACEUTICALS: Increases Shares Under Inducement Plan to 11.8M
-------------------------------------------------------------------
X4 Pharmaceuticals, Inc. disclosed in a Form 8-K Report filed with
the U.S. Securities and Exchange Commission that on August 11,
2025, the Board adopted Amendment No. 1 to the X4 Pharmaceuticals,
Inc. Amended and Restated 2019 Inducement Equity Incentive Plan
(the "2019 Inducement Plan"), which increased the number of
authorized shares of the Common Stock available for issuance under
the 2019 Inducement Plan from 442,394 to 11,775,643.

All of the other terms of the 2019 Inducement Plan remain the same.


The Amendment was adopted by the Board without stockholder approval
pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.

In accordance with Rule 5635(c)(4) of the Nasdaq Listing Rules,
awards under the 2019 Inducement Plan may only be made to an
employee who is commencing employment with the Company or any
subsidiary or who is being rehired following a bona fide
interruption of employment by the Company or any subsidiary, in
either case if he or she is granted such award in connection with
his or her commencement of employment with the Company or a
subsidiary and such grant is an inducement material to his or her
entering into employment with the Company or such subsidiary.

A complete copy of the Amendment is available at
https://tinyurl.com/5xc58apf

                     About X4 Pharmaceuticals

Boston, Mass.-based X4 Pharmaceuticals, Inc. is a biopharmaceutical
company focused on discovering, developing, and commercializing
novel therapeutics for the treatment of rare diseases and those
with limited treatment options, particularly conditions resulting
from immune system dysfunction.

Boston, Mass.-based PricewaterhouseCoopers LLP, the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated March 25, 2025, attached to the Company's Annual
Report on Form 10-K for the year ended Dec. 31, 2024, citing that
the Company has incurred operating losses and negative cash flows
from operations since inception that raise substantial doubt about
its ability to continue as a going concern.

As of Jun. 30, 2025, the Company had $105.2 million in total assets
and $101.2 million in total liabilities.


XTREME QUALITY: Aaron Cohen Named Subchapter V Trustee
------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Aaron Cohen, Esq.,
a practicing attorney in Jacksonville, Fla., as Subchapter V
trustee for Xtreme Quality Logistic, LLC.

Mr. Cohen will be paid an hourly fee of $315 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Cohen declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Aaron R. Cohen, Esq.
     P.O. Box 4218
     Jacksonville, FL 32201
     Tel: (904) 389-7277
     Email: aaron@arcohenlaw.com

                  About Xtreme Quality Logistic

Xtreme Quality Logistic, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05194) on
August 15, 2025, with $100,001 to $500,000 in assets and
liabilities.

Judge Grace E. Robson presides over the case.

Daniel A. Velasquez, Esq. at Latham, Luna, Eden & Beaudine, LLP
represents the Debtor as legal counsel.


YIELD10 BIOSCIENCE: Unsecureds Will Get 20% in Liquidating Plan
---------------------------------------------------------------
Yield10 Bioscience, Inc., and its Affiliate Debtors filed with the
U.S. Bankruptcy Court for the District of Delaware an Amended
Disclosure Statement for the Joint Plan of Liquidation dated August
18, 2025.

In 1992, Yield10 was incorporated in Massachusetts under the name
Metabolix, Inc. Metabolix was a pioneer in the development of
synthetic biology to enable advanced bioplastics production
technology.

Prior the Asset Sale, the Company was an agricultural bioscience
company focused on commercializing sustainable products using the
oilseed Camelina sativa ("Camelina") as a platform crop. The unique
features of Camelina, including the availability of winter
varieties and a short growth cycle, make it attractive for
integration into crop rotations and double cropping on millions of
acres in North America.

On January 8, 2025, the Court entered the Order (A) Authorizing the
Sale of Substantially All of the Debtors' Assets Free and Clear of
Liens, Claims, Encumbrances, and Other Interests, (B) Granting the
Purchaser the Protections Afforded to a Good Faith Purchaser, (C)
Approving the Assumption and Assignment of Certain Executory
Contracts and Unexpired Leases related thereto, and (D) Granting
Related Relief.

Generally, the Plan provides for the pro rata Distribution of Net
Distributable Assets to holders of Allowed General Unsecured Claims
of Post-Effective Date Assets in accordance with the priority
scheme established by the Bankruptcy Code. The Post Effective Date
Assets are essentially the net Sales Proceeds resulting from the
post-petition sale of substantially all of the Debtors’ assets to
NuSeed plus the post-Effective Date monetization of Retained Causes
of Action. There is no secured debt.

The Plan provides that holders of Allowed Administrative Claims,
Allowed Priority Tax Claims and Allowed Other Priority Claims will
be paid in full under the Plan on (or soon as practical) after the
Effective Date. It is anticipated that Holders of Allowed General
Unsecured Claims will receive an approximate 20% Distribution.

The Plan provides that the Debtors' Intercompany Claims and all
Equity Interests in the Debtors will be cancelled, released and
extinguished.

The following is an overview of certain material terms of the
Plan:

     * All Allowed Administrative Claims, Allowed Priority Tax
Claims and Allowed Other Priority Claims will be satisfied in full
as required by the Bankruptcy Code, unless otherwise agreed to by
the Debtors and the holders of such Claims.

     * Each holder of an Allowed General Unsecured Claim shall
receive its Pro Rata Share of the Net Distributable Proceeds.

     * All Intercompany Claims and Equity Interests shall be deemed
automatically cancelled, released, and extinguished without further
action by the Debtors on the Effective Date. Holders of
Intercompany Claims and Equity Interests will not receive any
Distribution on account of their Intercompany Claims and Equity
Interests.

     * The Plan shall be administered post-Effective Date by a Plan
Administrator.

Class 2 consists of General Unsecured Claims. Each holder of such
Allowed General Unsecured Claim shall receive its Pro Rata share of
Net Distributable Assets. The allowed unsecured claims total
$5,408,440.85. This Class will receive a distribution of 20% of
their allowed claims. Class 2 is Impaired under the Plan.

Class 4 consists of Equity Interests. On the Effective Date, the
Equity Interests shall be extinguished, cancelled and released and
the holders of Equity Interests shall not be entitled to, and shall
not receive or retain any property or interest in property on
account of such Equity Interest.

The Debtors' Estates will be consolidated for administrative
purposes related to the Plan, including for purposes of (1)
implementing the Plan, (2) voting, (3) assessing whether the
standards for Confirmation have been met and (4) calculating and
making Distributions under the Plan.

On the Effective Date (1) all of the Debtors' assets and
liabilities will be merged; (2) all guarantees or responsibility of
one Debtor for the obligations of any Other Debtor will be
eliminated, and all guarantees or responsibility executed by
multiple Debtors of the obligations of any other Entity will be
consolidated into a single obligation, so that any Claim against
any Debtor and any guarantee or responsibility thereof executed by
any Other Debtor and any joint or several liability of any of the
Debtors will be one obligation of the Debtors; (3) each and every
Claim Filed or to be Filed in the Chapter 11 Case of any Debtor
will be Filed against, and will be a single obligation of, the
Debtors; (4) Intercompany Claims between Debtors will be cancelled.
eliminated and extinguished; and (5) Equity Interests of one Debtor
in another Debtor will be cancelled, eliminated and extinguished.

A full-text copy of the Amended Disclosure Statement dated August
18, 2025 is available at https://urlcurt.com/u?l=yTAjC4 from
PacerMonitor.com at no charge.

Counsel to the Debtors:

     Frederick B. Rosner, Esq.
     The Rosner Law Group LLC
     824 N. Market St., Ste. 810
     Wilmington, DE 19801
     Telephone: (302) 777-1111
     Email: rosner@teamrosner.com

                         About Yield10 Bioscience

Yield10 Bioscience develops Camelina varieties for seed products,
including feedstock oils, nutritional oils, and PHA bioplastics, as
outlined on its website.

Yield10 Biosciences and its affiliates sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
24-12752) on Dec. 6, 2024.  In the petition filed by Oliver P.
Peoples, authorized person, Yield10 Biosciences reports total
assets of $8,218,085 and total debts of $5,771,189.

Honorable Bankruptcy Judge Mary F. Walrath oversees the case.

Frederick B. Rosner, Esq., at The Rosner Law Group LLC serves as
the Debtors' counsel.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
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affiliated with a TCR editor holds some position in the issuers
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Each Tuesday edition of the TCR contains a list of companies with
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share in public markets.  At first glance, this list may look like
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than a balance sheet solvency test.

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includes links to freely downloadable images of these small-dollar
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then-ending.

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Point your Web browser to http://TCRresources.bankrupt.com/and use
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                            *********

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