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250905.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, September 5, 2025, Vol. 29, No. 247 Headlines 1 WORLD GLOBES: Seeks to Hire Neeleman Law Group as Legal Counsel 163 MAIN STREET: Hires Allen B. Dubroff as Bankruptcy Counsel 163 MAIN STREET: Taps Blau and Berg Company as Realtor 21ST CENTURY: Seeks to Tap Kelley Kaplan as General Counsel 225 BOWERY: Mezz Lender Loses Bid to Dismiss Adversary Case 23ANDME HOLDING: Court OKs Cash Use in Treasury Bond Fund in Ch. 11 25350 PLEASANT: Gets Court OK to Use Cash Collateral Until Oct. 31 3000 E. IMPERIAL: Hires Alexander Valuation Group as Appraiser 372 PARKSIDE: Case Summary & Four Unsecured Creditors 44 LAUREL: Seeks Chapter 11 Bankruptcy in Florida ABUELO'S INTERNATIONAL: Seeks Chapter 11 Bankruptcy in Texas AEROFAB INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors AIRX LLC: Gets Extension to Access Cash Collateral ALL PHASE: Seeks to Hire Wernick Law as Bankruptcy Counsel ALLECOM CORP: Unsecured Creditors Will Get 3% of Claims in Plan ALLIANCE COMMERCIAL: Case Summary & Eight Unsecured Creditors ALLIANCE COMMERCIAL: Seeks Chapter 11 Bankruptcy in New York ALTAGAS LTD: S&P Rates New Fixed-to-Fixed Rate Sub Notes 'BB' AMALGAMATE PROCESSING: Seeks Chapter 11 Bankruptcy in Texas AMC ENTERTAINMENT: S&P Assigns 'B-' Rating on Senior Secured Notes AMPLIFYBIO LLC: Plan Exclusivity Period Extended to November 12 API GP VENTURE: Case Summary & Largest Unsecured Creditors ARTICON HOTEL: Seeks Chapter 11 Bankruptcy in Illinois ASBESTOS CORP: Asbestos Victims Oppose Chapter 15 Petition BEAR'S FRUIT: Court Extends Cash Collateral Access to Sept. 11 BETTER IS BETTER: Taps Steidl and Steinberg as Bankruptcy Counsel BICK GROUP: Court OKs Initial $200K DIP Loan, Cash Collateral Use BIG BRAND: Amended Unsecureds & Several Secured Claims Pay BMX TRANSPORT: Gets Interim OK to Use Cash Collateral BMX TRANSPORT: Plan Exclusivity Period Extended to Jan. 15, 2026 BP RETAIL: Seeks to Hire EmergeLaw PLC as Bankruptcy Counsel BRIDGEVIEW VILLAGE: S&P Affirms 'BB' Rating on GO Debt C-CHANNEL LOFTS: Hires Elevate Law Group as Bankruptcy Counsel CAR TOYS: Appoints Stretto Inc. as Claims and Noticing Agent CAR TOYS: Hires Littler Mendelson as Employment Counsel CAR TOYS: Seeks to Hire Fennemore Craig as Special Counsel CAR TOYS: Taps SierraConstellation as Financial Advisor CAREERBUILDER + MONSTER: To Solicit Creditor Votes Following Deal CENTURY COMMUNITIES: S&P Rates New $500MM Senior Unsecured Notes BB CLARIOS GLOBAL: S&P Rates New $1.2BB Senior Unsecured Notes 'B' CME FITNESS: Gets Interim OK to Use Cash Collateral Until Sept. 9 COVENANT BAPTIST: Seeks Chapter 11 Bankruptcy in Georgia COWBOY CARES: Seeks Chapter 11 Bankruptcy in Wyoming CYTOPHIL INC: Unsecured Creditors to Split $1M over 10 Years DELTA QUAD: Case Summary & Four Unsecured Creditors DEVILS RIVER: Seeks to Hire Sterlington PLLC as Special Counsel DREAM FINDERS: S&P Rates New $300MM Senior Unsecured Notes 'BB-' EL DORADO: Court OKs Sale of Oil & Gas Leases to Hilcorp Energy ENDI PLAZA: Claims to be Paid from Revenue and Plan Contribution EPIC MEDICAL: Seeks to Hire Niren Patel CPA PLLC as Accountant EVENTIDE CREDIT: Hires Holland & Knight LLP as Special Counsel EXTREME PROFITS: Wins Interim Approval to Use Cash Collateral FCI SAND: Seeks to Hire Michael Roberts as Financial Advisor FCI SAND: Seeks to Hire Munsch Hardt Kopf & Harr as Attorney FLOOD SPECIALISTS: Hires Golan Christie Taglia LLP as Counsel FOOD CONCEPTS: Seeks Chapter 11 Bankruptcy in Texas FOREST GOOD: Seeks to Hire Markoff & Malatesta as Accountant GARUDA HOTELS: To Sell Garuda Property to Ithaca Lodging for $8MM GASFUSION TEXAS: Seeks Chapter 11 Bankruptcy in Texas GULF STATES: Seeks Subchapter V Bankruptcy in Alabama HARLING INC: Court Extends Cash Collateral Access to Sept. 10 HART & HART: To Sell Daycare Biz to Alpharetta Academy for $10,000 HARVEST REAL ESTATE: Seeks Chapter 11 Bankruptcy in California HERITAGE COAL: Gets Court OK for Chapter 11 Disclosure Statement HERITAGE GRILLE: Seeks to Hire Markoff & Malatesta as Accountant HIGH SOURCES: Seeks to Extend Plan Filing Deadline to Oct. 15 HOMEMAKERS REAL ESTATE: Creditor Seeks Involuntary Chapter 11 HOUSE SPIRITS: Hires Cassel Salpeter & Co as Investment Banker HRM DETROIT: Claims to be Paid from Property Sale Proceeds JAMANA LLC: Gets Interim OK to Use Cash Collateral JGA DEVELOPMENT: Unsecureds Will Get 10% of Claims in Plan JHRG MANUFACTURING: Gets Interim Approval to Use Cash Collateral KESKIN INC: Seeks to Hire Coldwell Banker as Real Estate Broker KEYLINK ENTERPRISES: Seeks Chapter 11 Bankruptcy in California L & D CAFE: Seeks to Hire Lorium Law as Bankruptcy Counsel LASEN INC: U.S. Trustee Unable to Appoint Committee LET'S REPAIR: Seeks to Hire Neeleman Law Group as Legal Counsel LIFESCAN GLOBAL: Committee Taps Province LLC as Financial Advisor LILLY INDUSTRIES: Court Extends Cash Collateral Access to Nov. 30 LINQTO TEXAS: Committee Taps Orrick Herrington as Co-Counsel LITHIA MOTORS: S&P Rates New $500MM Senior Unsecured Notes 'BB+' MANE SOURCE: Gets Extension to Access Cash Collateral MARFA CABINETS: Hires Gregory K. Stern as Legal Counsel MARI ARI: Court Extends Cash Collateral Access to Sept. 27 MASS POWER: Court Extends Cash Collateral Access to Sept. 18 MIDTOWN VENTURES: Court Directs Abandonment of Tampa Properties MILLENKAMP CATTLE: O'Melveny Represented Creditors' Committee MOORE HOLDINGS: Updates Unsecured Claims Pay Details MOSAIC COMPANIES: Committee Taps Caplin & Drysdale as Co-Counsel MOSAIC COMPANIES: Committee Taps Robinson as Legal Counsel MOSAIC COMPANIES: Hires Province LLC as Financial Advisor MOUNTAIN SPORTS: Seeks to Extend Plan Exclusivity to October 28 MUNAWAR LAW: Seeks Court Approval to Hire MI Tax LLC as Accountants MY STORE-SOLWAY: Seeks Subchapter V Bankruptcy in Minnesota NIBA DESIGNS: Hires Van Horn Law Group P.A. as Bankruptcy Counsel NIKOLA CORP: Reaches Deal to Settle SEC's Ch. 11 Plan Objection NOBLE GOODNESS: Gets OK to Use Cash Collateral Until Sept. 10 NORTH WHITEVILLE: Gets Extension to Access Cash Collateral NORTHERN FUEL: Seeks Chapter 11 Bankruptcy in Minnesota NORTIA LOGISTICS: Court Extends Cash Collateral Access to Sept. 26 OAKLAND VILLAGE: Files Amendment to Disclosure Statement OCULAR DEVELOPMENT: Hires Carrow Real Estate Services as Broker OLIVER PARK: Seeks Chapter 11 Bankruptcy in Georgia ONEMAIN FINANCE: S&P Rates New $500MM Senior Unsecured Notes 'BB' OWL VENICE: Gets Court OK to Use Cash Collateral PAULAZ ENTERPRISES: Gets Interim OK to Use Cash Collateral PHOENIX EXTEND-A-SUITES: Unsecureds to be Paid in Full in Sale Plan PLASTIPAK HOLDINGS: S&P Assigns 'B+' Rating on New $1BB Term Loan B PRAIRIE ACQUIROR: S&P Affirms 'B+' Issuer Credit Rating PRAIRIE EYE: Seeks 90-Day Extension of Plan Filing Deadline PRESENTATION MEDIA: Seeks Chapter 11 Bankruptcy in California PRIME CAPITAL: Court Vacates in Part Bankruptcy Court Order PROGRAM INSITE: Seeks Chapter 11 Bankruptcy in Maryland PROJECT PIZZA: Hires J.B. Zaarour & Associates as Accountant PURDUE PHARMA: Gets Court OK for $17.5MM Chapter 11 Bonus Plans R & A ENTERPRISES: Court Extends Cash Collateral Access to Oct. 20 REVA HOSPITALITY: Creditors Seek Involuntary Chapter 11 Bankruptcy RIO DEL PILAR: Seeks to Tap DiMarco Warshaw as Bankruptcy Counsel RITE AID: Asks Court for Extension to Submit Wind-Down Plan ROCKIES EXPRESS: S&P Affirms 'B+' ICR, Outlook Negative RUNITONETIME LLC: Seeks to Sell De Minimis Assets RYLIE DAVIS: Seeks Chapter 11 Bankruptcy in Georgia RYLIE DAVIS: To Sell Alpharetta Property for $3.39MM S&G HOSPITALITY: Updates Unsecured Claims Pay Details SCENIC CITY: Seeks to Extend Plan Exclusivity to January 29, 2026 SCHAFER FISHERIES: Cash Collateral Hearing Set for Sept. 12 SF OAKLAND BAY: Case Summary & Three Unsecured Creditors SHANKARA LLC: Gets Extension to Access Cash Collateral SILGAN HOLDINGS: S&P Rates New EUR600MM Sr. Unsecured Notes 'BB-' SKYSKOPES INC: U.S. Trustee Appoints Creditors' Committee SL GREEN: S&P Alters Outlook to Stable, Affirms 'BB' ICR SOLEMN INVESTMENTS: Court OKs Interim Use of Cash Collateral SOUND VISION: Gets Interim OK to Use Cash Collateral Until Sept. 30 SPITFIRE ENERGY: Updates Liquidating Plan Disclosures STANTON VIEW: Seeks Chapter 11 Bankruptcy in Georgia SUITECENTRIC LLC: Case Summary & 16 Unsecured Creditors SUNNOVA ENERGY: Strikes Deal on Chapter 11 Solar System Asset Sales SYNAPSE FINANCIAL: Former Leaders Face FINRA Misconduct Claims TAKARA GROUP: Hires Winslow McCurry & MacCormac PLLC as Attorney TAMPA BRASS: Gets Extension to Access Cash Collateral TEXAS HEALTH: Gets Final OK to Use Cash Collateral TGI FRIDAY'S: Seeks to Extend Plan Exclusivity to October 28 THASSOS INC: Seeks to Hire J2C Valuation LLC as Appraiser THOMPSON ELECTRIC: Unsecured Creditors to Split $25K in Plan THOMPSON'S PHARMACY: Seeks Chapter 11 Bankruptcy in Georgia TPI COMPOSITES: Seeks to Tap Ordinary Course Professionals TRB SUPPLY: Case Summary & 20 Largest Unsecured Creditors TRIMONT ENERGY GIB: Gets Extension to Access Cash Collateral TRIMONT ENERGY LIMITED: Gets Extension to Access Cash Collateral TRIMONT ENERGY NOW: Gets Extension to Access Cash Collateral TURNER PAVING: Claims to be Paid from Business Operations TURNGREEN ENTERPRISES: Sec. 341(a) Meeting of Creditors on Oct. 6 TZADIK SIOUX: Seeks to Hire Rosewood Realty Group as Broker UP5 SERVICES: Seeks Chapter 11 Bankruptcy in Texas VIA MIZNER: Seeks to Extend Plan Exclusivity to September 5 VIRIDOS INC: Plan Exclusivity Period Extended to Nov. 10 WEISS MULTI-STRATEGY: CEO's Bankruptcy Case to Remain in Florida WHITNEY OIL & GAS: Gets Extension to Access Cash Collateral WINSTAR HOLDINGS: Hires Latham Luna Eden & Beaudine as Counsel WINSTAR INVESTMENTS: Latham Luna Eden & Beaudine as Counsel WORK 'N GEAR: Committee Taps Lowenstein Sandler LLP as Counsel WORLD OF MISTRY: Seeks to Sell Fontana Property at Auction X-LASER LLC: Claims to be Paid from Asset Sale Proceeds XTREME QUALITY: Hires Latham Luna Eden & Beaudine as Counsel YELLOW CORP: HireS Joyce LLC as Special Conflicts Counsel [] 2025 Sees 17% Jump in Small Business Subchapter V Filings [^] BOOK REVIEW: Taking Charge ********* 1 WORLD GLOBES: Seeks to Hire Neeleman Law Group as Legal Counsel ----------------------------------------------------------------- 1 World Globes & Maps, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Neeleman Law Group PC will receive an hourly rate of $600 for attorney fees for principals, $475 for associates, and $250 for paralegals. The firm received a retainer in the amount $16,738. Neeleman Law Group PC is a "disinterested person" within the meaning of Section 101 of the Bankruptcy Code, according to court filings. The firm can be reached at: Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP PC 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About 1 World Globes & Maps LLC 1 World Globes & Maps, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12145-TWD) on July 31, 2025. In the petition signed by Paul Norrell, managing member, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge Timothy W. Dore oversees the case. Jennifer L. Neeleman, Esq., at Neeleman Law Group, P.C., represents the Debtor as legal counsel. 163 MAIN STREET: Hires Allen B. Dubroff as Bankruptcy Counsel ------------------------------------------------------------- 163 Main Street LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Allen B. Dubroff, Esquire & Associates, LLC as counsel. The firm will render these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession; (b) prepare necessary applications, answers, orders, reports and other legal papers; and (c) perform all other legal services for Debtor as which may be necessary. The firm will bill hourly for work performed. The hourly rate of Allen B. Dubroff, Esq. is $550/hour, and the hourly rate for John F. Thomas, Jr., Esq., is $350/hour. Mr. Dubroff 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: Allen B. Dubroff, Esq. Allen B. Dubroff, Esquire & Associates, LLC 1500 JFK Boulevard, Suite 1020 Philadelphia, PA 19102 Telephone: (215) 568-2700 Email: allen@dubrofflawllc.com About 163 Main Street LLC 163 Main Street LLC is engaged in the business of leasing and managing real estate properties. The Company primarily focuses on renting out residential and nonresidential buildings and structures, including apartment complexes, office spaces, and other commercial properties. 163 Main Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-16512) on June 20, 2025. In its petition, the Debtor reports total assets of $4,188,170 and total liabilities of $5,904,326. The Debtors are represented by Arthur J. Abramowitz, Esq. at SHERMAN SILVERSTEIN KOHL ROSE & PODOLSKY, P.A. 163 MAIN STREET: Taps Blau and Berg Company as Realtor ------------------------------------------------------ 163 Main Street LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Blau and Berg Company as realtor. The firm's services include: a. listing the property located at 163-165 Main Street, Peapack-Gladstone, NJ 07997 for sale, market the property, conduct showings to prospective buyers, assist the Debtor in evaluating offers and working towards closing; b. performing such other services for the Debtor, as may be necessary and appropriate herein, in connection with the marketing and potential sale of the property. Blau will receive a commission of 5 percent of the sale price. Blau and Berg Company is a disinterested person under 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Alessandro Conte The Blau & Berg Company 830 Morris Tpke Short Hills, NJ 07078 Phone: (973) 379-6644 About 163 Main Street LLC 163 Main Street LLC is engaged in the business of leasing and managing real estate properties. The Company primarily focuses on renting out residential and nonresidential buildings and structures, including apartment complexes, office spaces, and other commercial properties. 163 Main Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-16512) on June 20, 2025. In its petition, the Debtor reports total assets of $4,188,170 and total liabilities of $5,904,326. The Debtors are represented by Arthur J. Abramowitz, Esq. at SHERMAN SILVERSTEIN KOHL ROSE & PODOLSKY, P.A. 21ST CENTURY: Seeks to Tap Kelley Kaplan as General Counsel ----------------------------------------------------------- 21st Century Chemical, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Kelley Kaplan & Eller, PLLC as general counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these hourly rates: Attorneys $550 Paralegals $175 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $50,000, which includes the filing fee of $1,738 from the Debtor. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, 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: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About 21st Century Chemical, Inc. 21st Century Chemical, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19560) on August 18, 2025, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. The Debtor is represented by Craig I. Kelley, Esq., at Kelley Kaplan & Eller, PLLC. 225 BOWERY: Mezz Lender Loses Bid to Dismiss Adversary Case ----------------------------------------------------------- Judge Thomas M. Horan of the United States Bankruptcy Court for the District of Delaware denied 225 Bowery Mezz Lender LLC, Northwind RE, LLP, Northwind RE GP LLC, and Ran Eliasaf's motion to dismiss the adversary complaint captioned as PLAN ADMINISTRATOR, for and on behalf of REORGANIZED DEBTOR 225 BOWERY LLC, Plaintiff, v. 225 BOWERY MEZZ LENDER LLC, NORTHWIND RE, LLP, NORTHWIND RE GP LLC, and RAN ELIASAF, Defendants, Adv. Pro. No. 25-50018-TMH (Bankr. D. Del.). The Plan Administrator filed his Complaint for and on behalf of 225 Bowery LLC to recover funds that the Debtor allegedly fraudulently transferred to the Defendants in March 2019. The Reorganized Debtor, 225 Bowery LLC, owns and operates a hotel in New York City. It commenced a chapter 11 bankruptcy proceeding in this Court on Jan. 24, 2023. The Court confirmed its plan of reorganization on June 28, 2024. Shortly thereafter, on Jan. 23, 2025, the Plan Administrator filed the Complaint against: -- 225 Bowery Mezz Lender LLC (the "Mezz Lender"), -- Northwind RE (the owner of the Mezz Lender), -- Northwind GP (the general partner of Northwind RE), and -- Ran Eliasaf (who, the Plan Administrator alleges, controlled Northwind RE and Northwind GP in all relevant respects). On Feb. 14, 2017, the prior owners of the Hotel entered into three loan agreements with the Bank of the Ozarks. Pursuant to those loan agreements, the Bank of the Ozarks agreed to advance an aggregate principal amount of $45 million, with the Hotel and certain other assets as collateral. The Prior Hotel Owners later underwent a restructuring so that each Mezz company merged with its respective Bowery company: KAL Mezz merged with KAL Bowery to form KAL, TLLULE Mezz merged with TLLULE Bowery to form TLLULE, and VNAA Mezz merged with VNAA Bowery to form VNAA. The resulting three companies then formed a new entity, 225 Bowery Group LLP, in which they each had an ownership interest. Bowery Group then formed 225 Bowery LLC, the Reorganized Debtor, which Bowery Group wholly owned. This restructuring was for the purpose of securing a loan from the Bank of Hapoalim B.M. ("BHI"), which required transferring the Hotel to a newly formed special purpose entity. BHI loaned $68 million to 225 Bowery LLC. BHI and 225 Bowery LLC closed on the BHI Loan on March 4, 2019. The proceeds of the BHI Loan were to be applied as follows: a) to pay BHI fees of $418,000, b) to fund certain reserves by BHI in the amount of $6.2 million, c) to satisfy the Bank of the Ozarks Loan in the amount of $45,289,069.87, and d) to pay certain fees and expenses of approximately $1.1 million incurred in connection with the closing of the BHI Loan. After those disbursements, there was a total remaining amount of $14,940,410.96. That amount was diverted to pay off the Mezz Loan even though it was structurally junior to other creditors whose debt had not been paid. The Plan Administrator contends that the Debtor was not obligated to repay the Mezz Lender because its loan was subordinated to third-party creditors; instead, the excess $15 million should have been used to pay claims held by third-party creditors and to adequately capitalize the Debtor with sufficient funds to complete construction on its hotel and begin operations. Based on the Debtor's transfer of the excess proceeds of the BHI Loan to the Mezz Lender, the Plan Administrator alleges five counts: 1) Avoidance of Fraudulent Conveyance or Transfer under 11 U.S.C. Sec. 544 and "Applicable State Law" against the Mezz Lender, 2) Recovery of Fraudulent Conveyance or Transfer under 11 U.S.C. Sec. 550 against the Mezz Lender, 3) Recovery of Fraudulent Conveyance or Transfer under 11 U.S.C. Sec. 550 against Northwind RE, 4) Recovery of Fraudulent Conveyance or Transfer under 11 U.S.C. Sec. 550 against Northwind GP, and 5) Recovery of Fraudulent Conveyance or Transfer under 11 U.S.C. Sec. 550 against Ran Eliasaf The Plan Administrator also contends that the Debtor did not receive anything in exchange for the conveyance to the Mezz Lender. Therefore, the Plan Administrator asserts that the conveyance of funds violated state fraudulent transfer law, as applicable through 11 U.S.C. Sec. 544, because the conveyance left the Debtor without sufficient capital to satisfy its obligations to creditors or fund operations, and it eventually led to the bankruptcy. The Plan Administrator contends that the Mezz Lender was the initial transferee, and Northwind RE, Northwind GP, and Ran Eliasaf were immediate or mediate transferees. Thus, the Plan Administrator seeks to recover the amount of the conveyance from the defendants. The Defendants now argue that the Complaint did not sufficiently meet the pleading standards. Regarding the first count, they argue that the Complaint failed to specify the state law applicable to the count and it failed to allege sufficient facts to meet the prima facie elements of the count. The Defendants also assert that the Complaint did not specify whether it was asserting a claim for actual or constructive fraud, and either way, it failed to meet the pleading standards for these types of fraud. The Defendants assert that the conveyance was for reasonably equivalent value because it was a repayment of the loan held by the Mezz Lender. They point to the BHI Loan Agreements, which they allege directed the Debtor to pay off the Mezz Lender with the remaining funds from the loan. They also assert that the Debtor was not insolvent when the conveyance was made, and the conveyance did not cause the Debtor to become insolvent. Rather, they argue that other factors led to the insolvency, and they note that the Debtor did not default on the BHI Loan until Oct. 27, 2021. The Defendants also contend that the Complaint fails to allege facts to establish direct or circumstantial evidence of intent to defraud. They argue that the Complaint fails to allege adequately there was a recoverable transfer because the first count did not meet the pleading standards to establish fraud. They also argue that even if it were a fraudulent transfer, the damages would be limited to the unsecured debt on the petition date rather than the full amount of the conveyance. The Court, however, denies the Motion to Dismiss, finding that the Complaint sufficiently alleges the prima facie elements of its claims, and all of Defendants' counterarguments fail. According to the Court, under New York law, the Complaint meets the required pleading standards for either constructive or actual fraud. The Complaint alleges that the conveyance was made without fair consideration or not in exchange for reasonably equivalent value because, in consideration for the Mezz Lender receiving the $15 million ahead of other creditors, the Debtor only received the satisfaction of its debt to the Mezz Lender. Similarly, the Complaint alleges that the conveyance rendered the Debtor insolvent, the Debtor's remaining capital constituted unreasonably small capital, and the Debtor incurred debt beyond its ability to pay. The Complaint alleges that when the conveyance occurred, the Debtor owed numerous other creditors and was not able to pay those creditors as a result. Some of those creditors, the Complaint alleges, still have not been paid The Complaint also alleges that the Debtor was unable to pay these other creditors because without the remaining proceeds from the BHI Loan, it was undercapitalized. Thus, it alleges that the conveyance led to the Debtor's insolvency. The Complaint contains adequate allegations to show "more than a sheer possibility" that the contested conveyance rendered the Debtor insolvent. Thus, the Court concludes Complaint alleges facts sufficient to meet each element of constructive fraud. The Court finds the Complaint also sufficiently alleges actual fraud because it alleges intent to defraud. The Complaint alleges several of the badges of fraud often used to prove fraudulent intent. Because the Complaint has met the pleading standards for the first count, Defendants' argument that the first count's insufficiency compels the second count's dismissal fails. And, because their argument concerning the cap on damages is again a factual dispute, it should not be decided at this stage. Accordingly, the motion to dismiss is denied. A copy of the Court's Memorandum Opinion and Order dated August 25, 2025, is available at https://urlcurt.com/u?l=yP2hQF About 225 Bowery 225 Bowery, LLC, is a New York-based company operating in the traveler accommodation industry. 225 Bowery sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 23-10094) on Jan. 24, 2023. In the petition signed by its chief restructuring officer, Nat Wasserstein, the Debtor reported $50 million to $100 million in both assets and liabilities. Judge Brendan L. Shannon oversees the case. Alston & Bird LLP and Young Conaway Stargatt and Taylor, LLP represent the Debtor as legal counsel while Nat Wasserstein of Lindenwood Associates, LLC serves as the Debtor's chief restructuring officer. Bank Hapoalim B.M., as lender, is represented by Scott S. Balber, Esq., at Herbert Smith Freehills New York, LLP. 23ANDME HOLDING: Court OKs Cash Use in Treasury Bond Fund in Ch. 11 ------------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that consumer DNA testing company 23andMe won court approval on September 3, 2025, to place $265 million in a higher-yielding fund, after a Missouri bankruptcy judge waived deposit restrictions despite risk-related objections. About 23andMe Holding Co. 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Morgan, Lewis & Bockius, LLP and Carmody MacDonald, PC serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 25350 PLEASANT: Gets Court OK to Use Cash Collateral Until Oct. 31 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of Virginia, Alexandria Division, issued a consent order allowing 25350 Pleasant Valley Drive, LLC to use cash collateral through October 31. The court authorized the Debtor to use cash collateral as per the approved budget, with a 10% variance allowed for each line item. The budget projects total operational expenses of $23,849 for September; $23,849 for October; and $25,950 for November. As protection for the Debtor's use of their cash collateral, Northwest Federal Credit Union and Mainstreet Bank will be granted replacement liens on post-petition assets and the proceeds thereof. As further protection, both creditors will receive payments as reflected in the budget. The Debtor's authority to use cash collateral terminates upon the occurrence of so-called events of default, including the dismissal or conversion of its Chapter 11 case to one under Chapter 7 and failure to timely make the payments set forth in the budget. The next hearing is scheduled for October 28. About 25350 Pleasant Valley Drive LLC 25350 Pleasant Valley Drive, LLC filed Chapter 11 bankruptcy petition (Bankr. E.D. Va. Case No. 23-11983) on Dec. 6, 2023, listing $500,001 to $1 million in both assets and liabilities. Judge Klinette H. Kindred presides over the case. The Debtor is represented by: John P. Forest, II, Esq. 11350 Random Hills Rd., Suite 700 Fairfax, VA 22030 Telephone: (703) 691-4940 Email: john@forestlawfirm.com 3000 E. IMPERIAL: Hires Alexander Valuation Group as Appraiser -------------------------------------------------------------- 3000 E. Imperial, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Alexander Valuation Group as real estate appraiser. The firm will provide an opinion of the fair market value for the property of the Debtor located at 3000 E. Imperial Hwy., Lynwood, California, The firm will be paid a flat fee of $9,500. 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 3000 E. Imperial LLC 3000 E. Imperial LLC is a real estate holding company that manages commercial property in Buena Park, California. 3000 E. Imperial LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11912) on July 14, 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 Jeffrey I. Golden, Esq., at Golden Goodrich LLP. 372 PARKSIDE: Case Summary & Four Unsecured Creditors ----------------------------------------------------- Debtor: 372 Parkside Avenue Inc 372 Parkside Avenue Brooklyn, NY 11226 Business Description: 372 Parkside Avenue Inc. is a real estate company based in Brooklyn, New York, engaged in land development and property management. The Company owns and operates a multi-family residential building at 372 Parkside Avenue. Chapter 11 Petition Date: September 4, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-44225 Judge: Hon. Nancy Hershey Lord Debtor's Counsel: Narissa A. Joseph, Esq. NARISSA JOSEPH 305 Broadway, Suite 1001 New York, NY 10007 Tel: (212) 233-3060 Fax: (646) 607-3335 E-mail: njosephlaw@aol.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Yusef Smith as president. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UKJGTXA/372_Parkside_Avenue_Inc__nyebke-25-44225__0001.0.pdf?mcid=tGE4TAMA 44 LAUREL: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------- On September 1, 2025, 44 Laurel LLC 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 44 Laurel LLC 44 Laurel LLC owns a single townhouse-style condominium, Unit TH3, at 701 N Fort Lauderdale Beach Blvd in Fort Lauderdale, Florida, within the Paramount Fort Lauderdale complex. 44 Laurel LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20251) on September 1, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Scott M. Grossman handles the case. The Debtor is represented by Chad Van Horn, Esq. at VAN HORN LAW GROUP, P.A. ABUELO'S INTERNATIONAL: Seeks Chapter 11 Bankruptcy in Texas ------------------------------------------------------------ On September 2, 2025, Abuelo's International L.P. filed Chapter 11 protection in the Northern District of Texas. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Abuelo's International L.P. Abuelo's International L.P. operates the Abuelo's Mexican Restaurant locations, managing day-to-day restaurant operations, customer service, and loyalty programs across the U.S. Food Concepts International, L.P., headquartered in Lubbock, Texas, owns and oversees the brand, providing management, strategic direction, employee training, and menu development. Abuelo's International L.P. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43339) on September 2, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Joseph F. Postnikoff, Esq. at ROCHELLE MCCULLOUGH, LLP. AEROFAB INDUSTRIES: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Aerofab Industries, Inc. d/b/a Excell Aerofab, Inc. 19222 62nd Ave. NE Arlington, WA 98223 Business Description: Aerofab Industries, Inc. provides metal fabrication services, offering custom manufacturing, on-site installation, and emergency repair solutions for clients across the food, industrial, medical, and architectural sectors. The Company focuses on quality and timely delivery, supported by a management team with over 59 years of combined experience and a sales team with more than 65 years of combined experience. Chapter 11 Petition Date: September 3, 2025 Court: United States Bankruptcy Court Western District of Washington Case No.: 25-12454 Judge: Hon. Timothy W Dore Debtor's Counsel: Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Tel: (425) 212-4800 Fax: (425) 212-4802 Email: courtmail@expresslaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Sheryl Hoye as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CTI5HDA/Aerofab_Industries_Inc__wawbke-25-12454__0001.0.pdf?mcid=tGE4TAMA AIRX LLC: Gets Extension to Access Cash Collateral -------------------------------------------------- AirX LLC received interim third approval from the U.S. Bankruptcy Court for the Western District of Washington to use cash collateral. The court's order authorized the Debtor to continue to use the cash collateral of its secured creditors to pay the expenses set forth in its nine-week budget, subject to a 15% variance. The budget projects total operational expenses of $294,149. As adequate protection for the Debtor's use of their cash collateral, Umpqua Bank, Kapitus, LLC and surety companies including Merchants Bonding Company and Markel Insurance Company will receive replacement liens, with the same priority as their pre-bankruptcy liens. The replacement liens attach to all assets of the Debtor that are similar to the secured creditors' pre-bankruptcy collateral except avoidance actions. As additional protection, Umpqua will receive a monthly payment of $10,917. The Debtor's authority to use cash collateral terminates on the earliest of (i) October 31; a default under the interim order; dismissal or conversion of the Debtor's Chapter 11 case; or appointment of a non-Subchapter V trustee. The final hearing is scheduled for October 27. About AirX LLC AirX LLC, is a mechanical contractor specializing in HVAC systems and building equipment installation based in Vancouver, Washington. AirX LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-41640) on July 10, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Judge Mary Jo Heston handles the case. The Debtor is represented by: Stephen A. Raher, Esq. Tabor Law Group Tel: 971-634-0190 Email: sraher@pdx-law.com ALL PHASE: Seeks to Hire Wernick Law as Bankruptcy Counsel ---------------------------------------------------------- All Phase Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Wernick Law, PLLC as attorneys. The firm will render these services: (a) give advice to the Debtor with respect to its powers and duties as a Debtor-in-possession and the continued management of business operations; (b) advise the Debtor with respect to their responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the cases; (d) protect the interest of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiations with creditors in the preparation of a plan. The firm will be paid at these rates: Aaron A. Wernick, Esq. $765 per hour Corinne Aftimos, Esq. $665 per hour Hayley Harrison, Esq. $665 per hour Paralegals $425 per hour The firm was paid a retainer in the amount of $40,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Aaron Wernick, Esq., a partner at Wernick Law, PLLC, 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: Aaron A. Wernick, Esq. Wernick Law, PLLC 2255 Glades Road, Suite 324A Boca Raton, FL 33431 Tel: (561) 961-0922 Email: awernick@wernicklaw.com About All Phase Solutions All Phase Solutions, LLC, a company based in Boca Raton, Florida, provides nonresidential building construction services, including commercial and institutional projects. All Phase Solutions filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19745) on August 22, 2025, with $1,083,216 in assets and $2,370,464 in liabilities. Saleh Rabah, president of All Phase Solutions, signed the petition. Judge Mindy A Mora presides over the case. Aaron Wernick, Esq., at Wernick Law, PLLC represents the Debtor as bankruptcy counsel. ALLECOM CORP: Unsecured Creditors Will Get 3% of Claims in Plan --------------------------------------------------------------- AllEcom Corp. submitted a First Amended Disclosure Statement with respect to First Amended Plan of Reorganization dated August 27, 2025. The Debtor's Plan provides for seven classes of claims and interests. There is a class for administrative claims, the secured claim of Celtic Bank, Secured Truck Loans, Taxing Authorities, tax claimants in Harris County, a class for the general unsecured allowed claims, and a class for the holders of equity interests in the Debtor. AP filed its books and records but no proof of claim and no proof of secured claim and no proof of fair market value and no claim balance as of the Petition Date. Eastern Funding filed a deficient proof of claim. Eastern Funding filed an amended, deficient claim. No titles were filed as to some trucks. No fair market value proof was filed. Class 3 consists of claimants asserting a secured claim against trucks (Celtic Bank, Midland States Bank, Financial Pacific, AP, and Eastern Funding and Wintrust). Their secured claim is limited to the fair market value of their Collateral and or the balance due, whichever is less. The remainder of their claims are unsecured. These creditors will be paid as agreed by AllEcom and each creditor and/ or determined by the Bankruptcy Court. The Debtor proposes to pay the fair market value of the Collateral in monthly installments payments. Class 6 consists of any and all non-priority unsecured claims. These holders will receive approximately 3.0% depending on the recovery of preference claims and the net available proceeds from those claims. The unsecured creditors will receive prorata distributions through the payments identified on Exhibit B after Celtic Bank, Truck Creditors, Taxing Authorities are paid in full as proposed in the Plan, agreed by the creditor and Debtor, and or as determined by the Court. On the Effective Date, the Reorganized Debtor will execute any and all other documents necessary to the implementation of the Plan and the Order of Confirmation. All property of the estate shall be transferred to the Reorganized Debtor. The Debtor will be funding the plan payments and/or any payments and/or distributions pursuant to this Plan. The source of those funds will be income and profits from its operations and net proceeds from avoidance actions including claims and causes of action against Haltrans, Inc. A full-text copy of the First Amended Disclosure Statement dated August 27, 2025 is available at https://urlcurt.com/u?l=6savUi from PacerMonitor.com at no charge. Counsel to the Debtor: Anabel King, Esq. Wauson King 52 Sugar Creek Center Blvd., Suite 325 Sugar Land, TX 77478 Telephone: (281) 242-0303 Facsimile: (281) 242-0306 Email: aking@w-klaw.com About Allecom Corp. Allecom Corp. is a subcontractor for FedEx, providing specialized services to support its operations. Allecom sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-31569) on March 24, 2025. In its petition, the Debtor reported total assets of $306,082 and total debts of $3,310,215. Judge Eduardo V. Rodriguez oversees the case. Anabel King, Esq., at Wauson King, serves as the Debtor's counsel. ALLIANCE COMMERCIAL: Case Summary & Eight Unsecured Creditors ------------------------------------------------------------- Debtor: Alliance Commercial Capital Group LLC 266 Broadway Suite 501 Brooklyn, NY 11211 Business Description: Alliance Commercial Capital Group LLC provides real estate brokerage and advisory services from its office at 266 Broadway, Suite 501, Brooklyn, New York. The Company assists clients in buying, selling, and leasing commercial and residential properties and facilitates access to financing through connections with lenders. Chapter 11 Petition Date: September 3, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-44218 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Fred S. Kantrow, Esq. THE KANTROW LAW GROUP, PLLC 732 Smithtown Bypass, Suite 101 Smithtown, NY 11787 Tel: 516 703 3672 Email: fkantrow@thekantrowlawgroup.com Total Assets: $5,003,017 Total Liabilities: $20,862,173 Mike Kohn signed the petition in his capacity as managing member. 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/LL5MJ4Q/Alliance_Commercial_Capital_Group__nyebke-25-44218__0001.0.pdf?mcid=tGE4TAMA ALLIANCE COMMERCIAL: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------------ Bondoro reports that Commercial lender Alliance Commercial Capital Group LLC, along with affiliated debtors, filed for Chapter 11 protection on September 3, 2025 in the Eastern District of New York. The Brooklyn-based company reported assets of $5 million and liabilities of $20.9 million, and said its bankruptcy estate should have funds available to pay unsecured creditors. About Alliance Commercial Capital Group LLC Alliance Commercial Capital Group LLC is a commercial lender based in Brooklyn, New York. Alliance Commercial Capital Group LLC and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No.25-44218) on September 3, 2025. In its petition, the Debtor reports assets of $5 million and liabilities of $20.9 million. The Debtor is represented by Fred S. Kantrow, Esq. at The Kantrow Law Group, PLLC. ALTAGAS LTD: S&P Rates New Fixed-to-Fixed Rate Sub Notes 'BB' ------------------------------------------------------------- S&P Global Ratings assigned its 'BB' issue-level rating to AltaGas Ltd.'s (BBB-/Negative) proposed fixed-to-fixed rate subordinated notes, series 4 due Dec. 5, 2055. The company intends to use the net proceeds from these notes to redeem its outstanding cumulative redeemable 5-Year rate reset preferred shares, series A and cumulative redeemable floating rate preferred shares, series B. S&P said, "We classify these notes as hybrid securities with intermediate equity content (50%) when adjusting the financial statements of AltaGas. This reflects the offering's permanence, subordination, and deferability features. In line with our criteria, we will reclassify the notes as having no equity content after Dec. 5, 2035, because the remaining period until maturity will be less than 20 years. "We rate these securities two notches below our 'BBB-' long-term issuer credit rating on AltaGas to reflect their subordination and management's ability to defer interest payments on the instrument. "The long-term nature of the junior subordinated notes, along with the company's limited ability and lack of incentives to redeem the issuance for a long-dated period, meet our standards for permanence. While the coupon floor feature of the notes gives AltaGas less protection from some interest rate and refinancing scenarios than equivalent hybrids that don't have a floor, we expect the company would replace this instrument with an equivalent or stronger form of equity before potential redemption to maintain a similar layer of capital that can absorb losses or conserve cash when needed." Redeeming the notes without replacing with an equivalent or stronger form of equity would likely preclude future equity credit all else equal. Furthermore, the instruments are subordinated to all of AltaGas' existing and future senior debt obligations, including its senior unsecured bonds, thereby satisfying the condition for subordination, and the interest payments are deferrable for up to five years, which fulfills the deferability element. AMALGAMATE PROCESSING: Seeks Chapter 11 Bankruptcy in Texas ----------------------------------------------------------- On September 1, 2025, Amalgamate Processing Inc. filed Chapter 11 protection in the Northern District of Texas. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to 200 and 999 creditors. The petition states funds will be available to unsecured creditors. About Amalgamate Processing Inc. Amalgamate Processing Inc., doing business as Advanced Foam Recycling, processes and supplies polyurethane foam, making it a major scrap foam provider to the carpet cushion industry in the U.S. The Company also engages in contract filling of fiberfill, natural down, and custom foam blends for applications in furniture, pillows, pet bedding, and other home goods, while offering fulfillment and cut-and-sew services for home textile brands. It operates distribution and warehouse facilities in Fort Worth and Mineral Wells, Texas, and provides custom foam and fiber products for the furniture, bedding, and pet supply markets. Amalgamate Processing Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43320) on September 1, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. The Debtor is represented by M. Jermaine Watson, Esq. at CANTEY HANGER, LLP. AMC ENTERTAINMENT: S&P Assigns 'B-' Rating on Senior Secured Notes ------------------------------------------------------------------ S&P Global Ratings assigned its 'B-' issue-level rating and '2' recovery rating to AMC Entertainment Holdings Inc.'s (AMCEH) $857 million senior secured notes due 2029. The '2' recovery rating indicates its expectation for substantial (70%-90%; rounded estimate: 85%) recovery for lenders in the event of a payment default. The 'CCC+' rating and negative ratings outlook on AMCEH remain unchanged. AMCEH recently issued $857 million of secured notes with Muvico LLC as a co-borrower. In the transaction, $590 million of the issuance was exchanged for its existing senior secured notes issued at AMCEH. The remaining $244 million was new money used to repay $176 million of debt due in 2026, cover transaction fees, and add cash to the balance sheet. AMC also equitized a minimum of $143 million of its exchangeable notes as part of the transaction. Additionally, $194 million of its existing exchangeable notes due 2030 were exchanged into a new tranche of exchangeable notes due 2030. The company could equitize the new notes, subject to share price over time, upon approval of additional authorized shares by shareholder vote in December 2025. While the transaction pushed out debt maturities past 2026, S&P continues to view AMCEH's capital structure as unsustainable. The company is facing a significant maturity wall of about $3.2 billion in 2029 and even with potential improvements in box office performance, AMCEH's cash flows will remain constrained by high fixed charges, including over $400 million of annual interest expense and $850 million of rent. AMPLIFYBIO LLC: Plan Exclusivity Period Extended to November 12 --------------------------------------------------------------- Judge Mina Nami Khorrami of the U.S. Bankruptcy Court for the Southern District of Ohio extended Amplifybio, LLC and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to November 12, 2025 and January 12, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that they intend to work with the Committee on a consensual chapter 11 plan, as contemplated in the Settlement. However, given the currently outstanding sale process, the fact that the General Bar Date does not occur until August 25, and other related issues, the Debtors require additional time to formulate and negotiate the details of a chapter 11 plan. The Debtors claim that such a process requires an extension of the deadlines set forth in section 1121 of the Bankruptcy Code. The requested extensions of the Exclusivity Period and Solicitation Period are requested out of an abundance of caution, while the Debtors work to finish the sale process and develop a consensual plan. The Debtors assert that in seeking an extension of the Exclusivity Period and Solicitation Period, the Debtors have no ulterior motives, such as obtaining an unfair bargaining position over parties in interest. Rather, they seek to maintain the status quo until the sale is approved and closes, the General Bar Date occurs, and the Debtors have the opportunity to work with the Committee to develop a consensual plan. The Debtors further assert that the requested extensions of the Exclusivity Period and Solicitation Period are realistic and necessary, will not prejudice the legitimate interests of the Debtors' stakeholders, and will afford the Debtors a meaningful opportunity to pursue a feasible and consensual chapter 11 plan. Accordingly, the Exclusivity Period and Solicitation Period should be extended to afford the Debtors a full and fair opportunity to negotiate, propose, and seek acceptance of a plan. Counsel to the Debtors: Scott N. Opincar, Esq. Maria G. Carr, Esq. MCDONALD HOPKINS LLC 600 Superior Avenue East, Suite 2100 Cleveland, OH 44114 Telephone: (216) 348-5400 Facsimile: (216) 348-5474 Email: sopincar@mcdonaldhopkins.com mcarr@mcdonaldhopkins.com About AmplifyBio LLC AmplifyBio LLC is a preclinical contract research and manufacturing organization based in Ohio that offers integrated services for therapeutic development, including R&D, preclinical testing, and scalable manufacturing for advanced therapies such as cell and gene therapies, mRNA, and non-viral gene editing platforms. Formed as a 2021 spinout from Battelle Memorial Institute, the Company has expanded through acquisitions and facility investments, including a 350,000-square-foot cGMP manufacturing site in New Albany. Its wholly owned subsidiary, ADOC SSF, LLC, is fully integrated into its operations and participates in scientific, operational, and financial activities. AmplifyBio LLC and affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Lead Case No. 25 52140) on May 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Mina Nami Khorrami handles the case. The Debtor is represented by Scott N. Opincar, Esq. and Maria G. Carr, Esq. at MCDONALD HOPKINS LLC. HUTCHISON PLLC is the Debtor's co-counsel. EPIQ CORPORATE RESTRUCTURING, LLC is the Debtors' Notice, Claims and Balloting Agent. API GP VENTURE: Case Summary & Largest Unsecured Creditors ---------------------------------------------------------- Four affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- API GP Venture Partners, LLC (Lead Case) 25-11640 6060 Center Drive 10th Floor Los Angeles CA 90045 Ashland Pacific Integrated UCSB Holdings I, LLC 25-11641 6060 Center Drive 10th Floor Los Angeles CA 90045 API UCSB Holdings I, LLC 25-11642 6060 Center Drive 10th Floor Los Angeles CA 90045 API 6590 Holdings, LLC 25-11643 6060 Center Drive 10th Floor Los Angeles CA 90045 Business Description: API GP Venture Partners, LLC and its affiliated entities own and operate student housing properties in Goleta, California, located within walking distance of the University of California at Santa Barbara, providing accommodations for about 70 students. The group is managed by IRC Ashland I LLC, which holds roughly 90% of the equity, while Ashland Pacific, LLC holds the remaining 10% as a non-managing member. Operations are governed by limited liability company agreements and a master property management agreement defining ownership, management, and operational structures. Chapter 11 Petition Date: September 4, 2025 Court: United States Bankruptcy Court District of Delaware Judge: Hon. Judge Karen B Owens Debtors' Counsel: Mette H. Kurth, Esq. PIERSON FERDINAND LLP 3411 Silverside Road Baynard Building Suite 104-13 Wilmington DE 19810 Tel: 310-245-8784 Email: mette.kurth@pierferd.com AND Lynnette R. Warman, Esq. PIERSON FERDINAND LLP 1341 W. Mockingbird Lane, Suite 600W Dallas TX 75247 Tel: (214) 872-6319 Email: lynnette.warman@pierferd.com API GP Venture Partners' Estimated Assets: $0 to $50,000 API GP Venture Partners' Estimated Liabilities: $0 to $50,000 Ashland Pacific Integrated's Estimated Assets: $0 to $50,000 Ashland Pacific Integrated's Estimated Liabilities: $0 to $50,000 API UCSB Holdings I, LLC's Estimated Assets: $1 million to $10 million API UCSB Holdings I, LLC's Estimated Liabilities: $1 million to $10 million API 6590 Holdings, LLC's Estimated Assets: $1 million to $10 million API 6590 Holdings, LLC's Estimated Liabilities: $1 million to $10 million The petitions were signed by J. Michael Issa as CRO. Full-text copies of the petitions, which include lists of the Debtors' largest unsecured creditors, are available for free on PacerMonitor at: https://www.pacermonitor.com/view/KNTV6KQ/API_GP_Venture_Partners_LLC__debke-25-11640__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/KXCKXHY/Ashland_Pacific_Integrated_UCSB__debke-25-11641__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/K5YVGZI/API_UCSB_Holdings_I_LLC__debke-25-11642__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/AXE4UFA/API_6590_Holdings_LLC__debke-25-11643__0001.0.pdf?mcid=tGE4TAMA ARTICON HOTEL: Seeks Chapter 11 Bankruptcy in Illinois ------------------------------------------------------ On September 2, 2025, Articon Hotel Services LLC filed Chapter 11 protection in the Northern District of Illinois. 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 Articon Hotel Services LLC Articon Hotel Services LLC manufactures and supplies furniture, fixtures and equipment as well as construction materials for the hospitality industry in the United States. The Company provides case goods, soft seating, millwork, lobby furniture, artwork, mirrors and lighting, alongside shower surrounds, flooring, and wall coverings, serving hotel projects through design, fabrication, installation and compliance support. Articon works with major hotel brands including Holiday Inn, Hilton, Embassy Suites, Courtyard and Fairfield Inn & Suites. Articon Hotel Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-13601) on September 2, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Scott R. Clar, Esq. at CRANE, SIMON, CLAR & GOODMAN. ASBESTOS CORP: Asbestos Victims Oppose Chapter 15 Petition ---------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that Asbestos Corp.’s bid for Chapter 15 recognition drew opposition from personal injury claimants and a Chapter 7 trustee, who told a New York judge the miner is more connected to the U.S., where it confronts extensive litigation. About Asbestos Corp Ltd. Mazarin Inc. and Asbestos Corporation Limited are two natural resource companies whose focus is on the development of industrial minerals in order to provide value-added products that meet the criteria of customers worldwide with regard to performance and economic and ecological concerns. Mazarin's shares trade on the NEX Board of TSX Venture Exchange under the stock symbol MAZ.H. Asbestos Corporation Limited's shares trade on the NEX Board of TSX Venture Exchange under the stock symbol AB.H. Asbestos Corp Ltd. sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10934) on May 6, 2025. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor's foreign representative is represented by Evan C. Hollander, Esq. at ORRICK, HERRINGTON & SUTCLIFFE LLP. Raymond Chabot, Inc. is the Debtor's foreign representative. BEAR'S FRUIT: Court Extends Cash Collateral Access to Sept. 11 -------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York granted Bear's Fruit, LLC interim approval to use cash collateral through September 11. Bear's Fruit may use the cash collateral of Express Trade Capital and the U.S. Small Business Administration to continue business operations in accordance with the approved budget, subject to a 10% variance. As adequate protection, Express Trade and the SBA will be granted replacement liens on all existing and future property of the Debtor to protect against any diminution in collateral value caused by the Debtor's use of their cash collateral. In addition, the Debtor must make monthly payments of $7,500 to Express Trade. Express Trade and SBA are entitled to 507(b) super-priority claims, subject to the Debtor's defenses. The use of cash collateral ends upon conversion or dismissal of the Debtor's Chapter 11 case, confirmation of a plan, uncured default, improper modification of the order without notice, or cessation of substantially all operations of the Debtor. A final hearing is scheduled for September 10. Express Trade Capital holds a perfected lien via a pre-petition factoring arrangement and is owed $38,533, while SBA holds a potentially lapsed security interest related to a $99,925 loan. About Bear's Fruit LLC Bear's Fruit, LLC operates an asset-light model, outsourcing manufacturing, warehousing, and distribution. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 25-43951) on August 15, 2025. In the petition signed by Amy Driscoll, co-founder, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Jill Mazer-Marino oversees the case. Robert L. Rattet, Esq., at Davidoff Hutcher & Citron LLP, represents the Debtor as legal counsel. BETTER IS BETTER: Taps Steidl and Steinberg as Bankruptcy Counsel ----------------------------------------------------------------- Better is Better, LLC seeks to hire from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire employ Steidl and Steinberg, PC to handle its Chapter 11 case. Christopher Frye, Esq., the primary attorney in this representation, will be paid at his hourly rate of $350 plus expenses. The current hourly rate for counsel is $350. The firm received a retainer of $6,000 plus a filing fee of $1,738 from the Debtor. Mr. Frye disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Christopher M. Frye, Esq. Steidl & Steinberg, P.C. Koppers Building, Suite 322 436 Seventh Avenue Pittsburgh, PA 15219 Telephone: (412) 391-8000 Email: chris.frye@steidl-steinberg.com About Better is Better, LLC Better is Better, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22163) on August 19, 2025. In the petition signed by Joel Phifer, member, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Christopher M. Frye, Esq., at Steidl & Steinberg, P.C., represents the Debtor as legal counsel. BICK GROUP: Court OKs Initial $200K DIP Loan, Cash Collateral Use ----------------------------------------------------------------- Bick Group Holdings, LLC received interim approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to obtain debtor-in-possession financing to get through bankruptcy. The interim order authorized the Debtor to obtain an initial loan of $200,000 from St. Louis Bank, which has committed to provide $450,000 in DIP financing. The DIP loan accrues interest at prime + 1.5% and matures 240 days after the initial advance. The loan will be secured by priming liens on all of the Debtor's assets. The DIP loan includes a roll-up provision whereby any amounts advanced will be used to refinance the pre-bankruptcy obligations dollar-for-dollar, effectively converting them into post-petition DIP obligations. The interim order also authorized the Debtor to use cash collateral through September 8 in accordance with its budget. The 13-week budget projects s total operational expenses of $277,017. As adequate protection, St. Louis Bank will be granted superpriority administrative claims and first-priority liens on all assets of the Debtor, subject to a $50,000 carveout for U.S. trustee's and attorneys' fees. The DIP Lender waives all lien rights on Chapter 5 causes of action during the interim period. A final hearing is set for September 8. A copy of the interim DIP order is available at https://is.gd/RzTrPd from PacerMonitor.com. About Bick Group Holdings LLC Bick Group Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Case No. 25-43081) on August 12, 2025. In the petition signed by Christopher T. Pondoff, member and chief executive officer, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Bonnie L. Clair oversees the case. Robert Eggmann, Esq., at Carmody MacDonald P.C., represents the Debtor as legal counsel. St. Louis Bank, as DIP Lender, is represented by: Laura Toledo, Esq. Armstrong Teasdale, LLP 7700 Forsyth Blvd., Suite 1800 St. Louis, MO 63105 Tel: 314.621.5070 Fax: 314.621.5065 ltoledo@atllp.com BIG BRAND: Amended Unsecureds & Several Secured Claims Pay ---------------------------------------------------------- Big Brand Management Ltd. Co. submitted a Third Amended Disclosure Statement describing Third Amended Plan of Reorganization dated August 26, 2025. The Debtor's primary asset are the claims plead in the Consolidated Action. There are presently no business operations conducted by the Debtor. The Plan will be funded exclusively from a recovery in the Consolidated Action. The Court must find that confirmation of the Plan is not likely to be followed by the liquidation, or the need for further reorganization, of the Debtor or any successor to the Debtor, unless such liquidation is proposed in the Plan. This is a liquidating Plan. Class 1B consists of the Secured Claim of SCF Jake LP and is secured by Real Property. SCF Jake LP has filed a proof of claim asserting it is owed approximately $515,000.00. The Class 1B Claim, to the extent Allowed, shall not be modified. Class 1C consists of the Secured Claim of Newtek and is allegedly secured by the Real Property. Newtek has filed the following proofs of claim in the total amount of $4,000,354.64. The Class 1C Claims, to the extent Allowed, shall not be modified. Class 3 consists of Non-priority unsecured Claims. No monies shall be distributed to the members of Class 3 until the holders of Allowed Class 1A, 1B, and 2, if any, are paid in full. Thereafter each holder of an Allowed Unsecured Claim in Class 3 shall be paid no later than thirty days after the Reorganized Debtor receives a recovery stemming from the claims it asserted in the Consolidated Action. Class 4 consists of the holders of Allowed Interests in the Debtor. The holder of an Allowed Class 4 Interest shall retain their interests in the Post-Confirmation Debtor and shall receive distributions, if any, in accord with the terms of this Plan and the Debtor's membership agreement. In no event shall distributions be made to the holder of an Allowed Interest in Class 4 until all Allowed Creditor Claims are paid in full. The Post-Confirmation Debtor shall fund distributions and satisfy Allowed Claims and Allowed Interests under the Plan using cash on hand, revenue from operations (if any) and proceeds received from any recovery in the Consolidated Action. A full-text copy of the Third Amended Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=gSpVp2 from PacerMonitor.com at no charge. About Big Brand Management Ltd. Co. Big Life Management Ltd was founded in 1986. The company's line of business includes providing various business services. Big Brand Management Ltd. Co. sought relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 24-42411) on Oct. 10, 2024. In the petition filed by Louie Comella, as managing director, the Debtor listed assets between $10 million and $50 million and liabilities between $500,000 and $1 million. The Honorable Bankruptcy Judge Brenda T. Rhoades handles the case. The Debtor is represented by: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC 500 N. Central Expressway Suite 500 Plano, TX 75074 Tel: (972) 991-5591 E-mail: robert@demarcomitchell.com BMX TRANSPORT: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- BMX Transport, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, to use cash collateral. The court's interim order authorized the Debtor to use cash collateral to pay the expenses set forth in its budget pending a further hearing on September 11. As adequate protection, secured creditors including RTS Financial Services and the U.S. Small Business Administration will be granted valid and properly perfected liens on all property acquired by the Debtor after its Chapter 11 filing that is similar to their pre-bankruptcy liens. The replacement liens do not apply to any Chapter 5 avoidance actions. The Debtor is party to a factoring agreement with RTS under which the Debtor sells invoices to RTS for daily loads carried. RTS is secured by a UCC financing statement filed on August 15, 2023. The debt of RTS is secured by all receivables of the Debtor. Meanwhile, the Debtor is a borrower on an Economic Injury Disaster Loan with SBA. The SBA debt is secured by a UCC financing statement filed on June 15, 2020, and by all real and personal property of the Debtor. About BMX Transport BMX Transport, LLC provides long-distance specialized freight trucking services across the United States, focusing on goods that require unique handling or equipment. It offers full truckload transport using dry vans and refrigerated trailers, supported by warehousing and 24/7 logistics operations. Headquartered in Georgia, BMX Transport operates a federally authorized fleet of trucks and trailers. BMX Transport sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-20705) on May 5, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge James R. Sacca handles the case. Benjamin R. Keck, Esq., at Keck Legal, LLC is the Debtor's bankruptcy counsel. RTS Financial Services, as secured creditor, is represented by: Leon S. Jones, Esq. Jones & Walden, LLC 699 Piedmont Avenue, NE Atlanta, GA 30308 (404) 564-9300 ljones@joneswalden.com BMX TRANSPORT: Plan Exclusivity Period Extended to Jan. 15, 2026 ---------------------------------------------------------------- Judge James R. Sacca of the U.S. Bankruptcy Court for the Northern District of Georgia extended BMX Transport LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to January 15, 2026 and March 13, 2026, respectively. As shared by Troubled Company Reporter, the Debtor anticipates filing a plan in the coming months and seeks an extension to the Exclusivity Periods to preclude the costly disruption and instability that would occur if competing plans were proposed either before the Debtor's plan is confirmed, or, if the Debtor's plan is not confirmed, before the Debtor has a meaningful opportunity to work with its key constituencies to put forth an amended proposal. The Debtor claims that premature termination of the Exclusivity Periods may engender duplicative expense and litigation associated with multiple competing plans. Any litigation with respect to competing plans and resulting administrative expenses will only decrease recoveries to the Debtor's creditors and significantly delay, if not undermine entirely, the possibility of prompt confirmation of a plan of reorganization. The Debtor explains that given the consequences for its estate if the relief requested herein is not granted and the substantial progress made to date, the requested extension of the Exclusivity Periods will not prejudice the legitimate interests of any party in interest in this case. Rather, the extension will further the Debtor's efforts to preserve value and avoid unnecessary and wasteful litigation. BMX Transport LLC is represented by: Benjamin Keck, Esq. Keck Legal, LLC 2801 Buford Highway NE, Suite 115 Atlanta, GA 30329 Tel: (470) 826-6020 Email: bkeck@kecklegal.com About BMX Transport LLC BMX Transport LLC provides long-distance specialized freight trucking services across the United States, focusing on goods that require unique handling or equipment. The Company offers full truckload transport using dry vans and refrigerated trailers, supported by warehousing and 24/7 logistics operations. Headquartered in Georgia, it operates a federally authorized fleet of trucks and trailers. BMX Transport LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-20705) on May 5, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtors are represented by Benjamin Keck, Esq. at KECK LEGAL, LLC. BP RETAIL: Seeks to Hire EmergeLaw PLC as Bankruptcy Counsel ------------------------------------------------------------ BP Retail Partners Inc. and BP Retail TX, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to employ EmergeLaw, PLC as counsel. The firm's services include: a. providing legal advice with respect to the rights, powers and duties of Debtors in the management of their property; b. investigating and, if necessary, instituting legal action on behalf of the Debtors to collect and recover assets of the estates of Debtors; c. preparing all necessary pleadings, orders and reports with respect to this proceeding and to render all other necessary or proper legal services; d. assisting and counseling the Debtors in the preparation, presentation and confirmation of their plan; e. representing the Debtors as may be necessary to protect their interests; and f. performing all other legal services that may be necessary and appropriate in the general administration of the Debtors' estates. The firm's hourly rates are: Robert Gonzales $750 Hannah Berny $475 Prior to the Petition Date, the firm received $102,400 from Debtor Batteries Plus Retail Partners Inc. Robert Gonzales, Esq., a partner at EmergeLaw, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert J. Gonzales, Esq. Hannah L. Berny, Esq. EMERGELAW, PLLC 4235 Hillsboro Pike, Suite 350 Nashville, TN 37215 Tel: (615) 815-1535 Email: robert@emerge.law hannah@emerge.law About BP Retail Partners Inc. BP Retail Partners Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 3:25-bk-03476) on August 21, 2025. In the petition signed by Corey E. Robinson, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Randal S. Mashburn oversees the case. Robert J. Gonzales, Esq., at EmergeLaw, PLC, represents the Debtor as legal counsel. BRIDGEVIEW VILLAGE: S&P Affirms 'BB' Rating on GO Debt ------------------------------------------------------ S&P Global Ratings affirmed its 'BB' rating on the Village of Bridgeview, Ill.'s general obligation (GO) debt. The outlook is stable. Governance risks--specifically, risk management, culture, and oversight--are elevated and play a key part in S&P's analysis, as Bridgeview's history of budgetary imbalance and heavy reliance on unsustainable practices contribute centrally to its credit vulnerability. Environmental and social risks are neutral within the credit analysis. S&P said, "The stable outlook reflects our view that Bridgeview's structural budgetary performance has improved such that it is no longer reliant on one-shot measures to fund debt service or operations. The outlook is also supported by the village's balance sheet, as unassigned and assigned reserves have increased enough to cushion the village's operating budget without jeopardizing credit quality at the current rating should it experience meaningful economic or revenue volatility. "We could lower the rating if economic growth or revenue performance weakens, resulting in an unaddressed budgetary imbalance or creating a greater likelihood of outyear budget pressure. "We could raise the rating if Bridgeview demonstrates consistent budgetary balance while strengthening reserves and liquidity, offering a larger hedge against economic downcycles and other sources of unforeseeable budgetary pressure. Economic growth and ongoing debt amortization, resulting in a stronger liability profile, could also contribute to upward rating momentum." C-CHANNEL LOFTS: Hires Elevate Law Group as Bankruptcy Counsel -------------------------------------------------------------- C-Channel Lofts LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to hire Elevate Law Group as its general bankruptcy counsel. The firm's services include: (i) consulting with it concerning the administration of the case, (ii) advising it with regard to its rights, powers and duties as a debtor in possession, (iii) investigating and, if appropriate, prosecuting on behalf of the estate claims and causes of action belonging to the estate, (iv) advising it concerning alternatives for restructuring its debts and financial affairs pursuant to a plan or, if appropriate, liquidating its assets, and (v) preparing the bankruptcy schedules, statements and lists required to be filed by the Debtor under the Bankruptcy Code and applicable procedural rules. The firm will be paid at these rates: Nicholas J. Henderson, Partner $540 Alex C. Trauman, Partner $540 Troy G. Sexton, Partner $465 Jeremy Tolchin, Associate $450 Sean Glinka, Associate $450 Ryan Ripp, Associate $310 Noah Maurer, Associate $310 Leona Yazdidoust, Associate $290 Paralegals, Paralegal $210 Legal Assistants $195 Elevate Law Group is a disinterested person within the meaning of § 101(14) of the Bankruptcy Code and does not represent or hold any interest adverse to the interests of the estate, according to court filings. The firm can be reached through: Nicholas J. Henderson, Esq. Elevate Law Group 6000 Meadows Road, Suite 450 Lake Oswego, OR 97035 Phone: (503) 417-0500 Fax: (503) 417-0501 About C-Channel Lofts LLC C-Channel Lofts LLC is a single-asset real estate entity that owns a multi-unit residential building at 1515 N. Rosa Parks Way in Portland, Oregon, with an estimated value of $1.8 million. C-Channel Lofts LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case No. 25-32758) on August 1, 2025. In its petition, the Debtor reports total assets of $1,812,000 and total liabilities of $2,940,000. Honorable Bankruptcy Judge Teresa H. Pearson handles the case. The Debtor is represented by Nicholas J. Henderson, Esq. at ELEVATE LAW GROUP. CAR TOYS: Appoints Stretto Inc. as Claims and Noticing Agent ------------------------------------------------------------ Car Toys, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to appoint Stretto, Inc. as claims and noticing agent in its Chapter 11 case. Stretto will provide these services: (a) prepare and serve required notices and documents in this Chapter 11 case; (b) maintain an official copy of the Debtor’s schedules of assets and liabilities and statements of financial affairs; (c) maintain a list of all potential creditors, equity holders, and other parties-in-interest and a "core" mailing list; (d) furnish a notice to all potential creditors of the last date for filing proofs of claim; (e) maintain a post office box or address for the purpose of receiving claims and returned mail, and process all mail received; (f) process all proofs of claim received, including those filed with the Clerk, and provide an electronic interface for filing claims; (g) maintain the official claims register for the Debtor, record transfers of claims, and provide public access to the claims register; (h) monitor the Court's docket for notices of appearance, address changes, and claims-related pleadings and orders filed; (i) assist in the dissemination of information to the public and respond to requests for administrative information; and (j) at the close of the case, box and transport all original documents to the Federal Archives Record Administration or another location requested by the Clerk's Office. Stretto received an advance of $47,500 from the Debtor and will apply this to prepetition invoices, with the advance to be replenished. Its fees and expenses will be treated as administrative expenses of the estate. Stretto is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. Stretto can be reached at: Stretto, Inc. 410 Exchange, Suite 100 Irvine, CA 92602 Telephone: (800) 634-7734 Website: www.stretto.com About Car Toys Inc. Car Toys Inc. -- https://www.cartoys.com/ -- is the largest independent multi-channel specialty car audio and mobile electronics retailer in America. Car Toys, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12288-TWD) on August 18, 2025. In the petition signed by Philip Kaestle, chief restructuring officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Timothy W. Dore oversees the case. Steven M. Palmer, Esq., at Cairncross & Hempelmann, P.S., represents the Debtor as legal counsel. CAR TOYS: Hires Littler Mendelson as Employment Counsel ------------------------------------------------------- Car Toys, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington at Seattle to hire Littler Mendelson, P.C. to serve as employment counsel in its Chapter 11 case. Littler Mendelson will provide these services: (a) give the Debtor legal advice with respect to employment issues that have arisen or may arise in any legal proceedings, including matters related to the Wireless Advocates Chapter 7 Case and the WARN Act Adversary Proceeding; and (b) handle other employment-related matters as requested by the Debtor. Littler Mendelson will be compensated under a general retainer based on time and billable charges. Pre-petition, the Debtor provided a $15,000 retainer held in trust. Littler Mendelson, P.C. 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: Maria Y. Hodgins, Esq. Bruce W. Leaverton, Esq. Steven M. Palmer, Esq. Ryan R. Cole, Esq. LITTLER MENDELSON, P.C., P.S. 524 Second Avenue, Suite 500 Seattle, WA 98104-2323 Telephone: (206) 587-0700 Facsimile: (206) 587-2308 E-mail: mhodgins@cairncross.com bleaverton@cairncross.com spalmer@cairncross.com rcole@cairncross.com About Car Toys Inc. Car Toys Inc. -- https://www.cartoys.com/ -- is the largest independent multi-channel specialty car audio and mobile electronics retailer in America. Car Toys, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12288-TWD) on August 18, 2025. In the petition signed by Philip Kaestle, chief restructuring officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Timothy W. Dore oversees the case. Steven M. Palmer, Esq., at Cairncross & Hempelmann, P.S., represents the Debtor as legal counsel. CAR TOYS: Seeks to Hire Fennemore Craig as Special Counsel ---------------------------------------------------------- Car Toys Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington at Seattle to hire Fennemore Craig, P.C. to serve as special counsel in its Chapter 11 case. Fennemore Craig will give the Debtor legal advice with respect to the Wireless Advocates Chapter 7 Case and the Wireless/Car Toys Adversary Proceeding. Pre-petition, Car Toys provided Fennemore with a retainer in the amount of $5,000, which funds were held in trust. Fennemore most recently invoiced Car Toys a total of $687.50 in prepetition attorney fees and costs. This invoice was satisfied in full from the trust pre-petition. The remaining $3,338.50 in funds are held in trust. Fennemore Craig represents no other entity in connection with this case, it is not a creditor of the estate, is disinterested as defined in 11 U.S.C. Section 101(14), and represents or holds no interest adverse to the interests of the estate with respect to the matters on which it is to be employed. The firm can be reached at: FENNEMORE LAW, P.S. ATTORNEYS AT LAW 524 Second Avenue, Suite 500 Seattle, WA 98104-2323 Telephone: (206) 587-0700 Facsimile: (206) 587-2308 About Car Toys Inc. Car Toys Inc. -- https://www.cartoys.com/ -- is the largest independent multi-channel specialty car audio and mobile electronics retailer in America. Car Toys, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12288-TWD) on August 18, 2025. In the petition signed by Philip Kaestle, chief restructuring officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Timothy W. Dore oversees the case. Steven M. Palmer, Esq., at Cairncross & Hempelmann, P.S., represents the Debtor as legal counsel. CAR TOYS: Taps SierraConstellation as Financial Advisor ------------------------------------------------------- Car Toys, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire SierraConstellation Partners to serve as financial advisory firm with Philip Kaestle as Chief Restructuring Officer in its Chapter 11 case. SCP and Mr. Kaestle will provide these services: (a) providing the Debtor with financial and operational advisory services; (b) providing business advice and consultation regarding the Debtor's financial challenges; (c) providing oversight and assistance with the preparation of financial information for distribution to creditors and others, such as cash flow projections and budgets; (d) communicating with lenders directly regarding financial performance and strategy; (e) evaluating and making recommendations in connection with strategic alternatives as needed to maximize the value of the Debtor; (f) evaluating cash flow generation capabilities of the Debtor for value maximization opportunities; (g) providing oversight and assistance in connection with communications and negotiations with trade vendors, landlords, investors, and others; and (h) assisting in the negotiation and evaluation of proposed transactions involving the assets of the Debtor, including any sale transaction. SCP was paid a pre-petition retainer of $91,148.50. The firm invoiced a total of $409,088.30 for pre-petition services, which were paid in full. SCP 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: Philip Kaestle SIERRACONSTELLATION PARTNERS LLC 101 Creekside Crossing, Suite 1700-388 Brentwood, TN 37027 Office: (213) 289-9060 Fax: (213) 402-3548 E-mail: info@scpllc.com About Car Toys Inc. Car Toys Inc. -- https://www.cartoys.com/ -- is the largest independent multi-channel specialty car audio and mobile electronics retailer in America. Car Toys, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12288-TWD) on August 18, 2025. In the petition signed by Philip Kaestle, chief restructuring officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Timothy W. Dore oversees the case. Steven M. Palmer, Esq., at Cairncross & Hempelmann, P.S., represents the Debtor as legal counsel. CAREERBUILDER + MONSTER: To Solicit Creditor Votes Following Deal ----------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that on Sept. 3, 2025, a Delaware bankruptcy judge authorized CareerBuilder + Monster to send its Chapter 11 plan to creditors for a vote, following a deal aimed at boosting recoveries for unsecured creditors. About CareerBuilder + Monster Venture About Zen JV LLC Zen JV, LLC, operates online employment platforms and related digital media services through brands such as CareerBuilder, Monster, Fastweb, and Military.com. The Company also provides human capital software solutions to government agencies via Monster Government Services. On June 24, 2025, Zen JV, LLC and 9 affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 25-11195) with deals to sell key assets to three parties. Latham & Watkins LLP and Richards, Layton & Finger, P.A., are counsel to the Debtors. AlixPartners, LLP, is the Debtors' financial advisor, and PJT Partners LP is the investment banker. Omni Agent Solutions is the claims agent. Duane Morris LLP is advising buyer JobGet. Stoel Rives LLP is advising purchaser Valnet. Proskauer Rose LLP is advising purchaser Valsoft. CENTURY COMMUNITIES: S&P Rates New $500MM Senior Unsecured Notes BB ------------------------------------------------------------------- S&P Global Ratings assigned its 'BB' issue-level rating and '3' recovery rating (50%-70%; rounded estimate: 65%) to Century Communities Inc.'s proposed $500 million senior unsecured notes due in 2033. Century Communities intends to use the net proceeds to refinance its $500 million senior unsecured notes due in 2027. S&P's 'BB' issuer credit rating and negative outlook on the company are unchanged. CLARIOS GLOBAL: S&P Rates New $1.2BB Senior Unsecured Notes 'B' --------------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '6' recovery rating to Clarios Global L.P.'s proposed $1.2 billion senior unsecured notes due 2032. The '6' recovery rating indicates its expectation for negligible (0%-10%; rounded estimate: 0%) recovery for the senior unsecured lenders in the event of a payment default. S&P's 'BB-' issue-level rating and '3' recovery rating on the company's existing senior secured debt are unchanged. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 55%) recovery for the senior secured lenders in the event of a payment default. Clarios plans to use the proceeds from the proposed senior unsecured notes, borrowings on the asset-based lending facility (ABL), and cash on hand to repay the $1.589 billion outstanding senior unsecured notes due May 2027, accrued interest, and related fees and expenses. Since this transaction is largely leverage neutral, our assessment of Clarios' credit metrics is unchanged. S&P said, "We continue to expect the company to maintain leverage of below 5x and free operating cash flow (FOCF) to debt above 5% over the next 12 months inclusive of the 45X benefits. Given the substantial magnitude of the 45X benefits, we would likely immediately lower our ratings on the company if the benefits it receives materially decline or end (perhaps due to a change in government policy)." ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors: -- S&P's hypothetical default scenario contemplates a default occurring in 2029 because the company faces issues regarding filling orders and aggressive competition from new and existing competitors that cause its customers to procure their batteries from other aftermarket suppliers. -- S&P said, "We believe that if Clarios defaults, it would still have a viable business model because of the continued demand for its batteries, its global network of locations, and its strong brand awareness. For this reason, we expect the company would reorganize and emerge as a smaller entity while retaining significant value. In addition, we would not expect its foreign operations to be included in any potential reorganization." -- S&P said, "We have valued the company on an enterprise-value basis and estimated an emergence EBITDA of about $1.43 billion. We then applied a 5.5x EBITDA multiple, which is half a turn above what we use for most auto suppliers, to arrive at a gross enterprise value of about $7.85 billion at emergence. We chose a higher multiple to reflect Clarios' stronger business risk profile compared with those of its peers. In our view, the company is well positioned to benefit from the growing demand for electric vehicles, which rely more on advanced batteries that feature higher margins." Simulated default assumptions: -- Year of default: 2029 -- EBITDA at emergence: $1.43 billion -- EBITDA multiple: 5.5x Simplified waterfall: -- Net enterprise value (after 5% administrative costs): $7.45 billion -- Valuation split (obligors/nonobligors): 87%/13% -- Priority claims: $789.3 million -- Value available to first-lien debt claims (collateral/noncollateral): $6.49 billion -- Secured first-lien debt claims: $11.87 billion --Recovery expectations: 50%-70% (rounded estimate: 55%) -- Total value available to unsecured claims: $339.2 million -- Senior unsecured debt/pari passu secured/non-debt unsecured claims: $1.24 billion/$5.55 billion/$543 million --Recovery expectations: 0%-10% (rounded estimate: 0%) Note: All debt amounts include six months of prepetition interest. Collateral value equals assets pledged from obligors after priority claims plus equity pledged from nonobligors after nonobligor debt. CME FITNESS: Gets Interim OK to Use Cash Collateral Until Sept. 9 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division issued a preliminary order allowing CME Fitness, LLC to use cash collateral through September 9. The interim order signed by Judge Grace Robson authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts expressly approved in writing by Navitas Credit Corp. The Debtor projects total operational expenses of $25,453 for September; $26,040 for October; and $26,346 for November. As adequate protection, Navitas will be granted a perfected post-petition lien on cash collateral, with the same priority and validity as its pre-bankruptcy lien. The next hearing is scheduled for September 9. CME Fitness owes $433,488.14 to Navitas, which filed a UCC financing statement in December 2023. The Debtor disputes that the secured creditor has control of its deposit account in the manner required by Sections 679.3121 and 679.3141 of the Florida Statutes. As such, Navitas' lien, if any, does not encumber the Debtor's deposit accounts. As of the petition date, the Debtor had $14,655.21 in a deposit account with JPMorgan Chase. About CME Fitness LLC CME Fitness, LLC is a fitness company based in Winter Springs, Florida. CME Fitness sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04821) on July 2, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $100,000 and $500,000 in liabilities. Judge Grace E. Robson handles the case. The Debtor is represented by: Jeffrey Ainsworth Bransonlaw PLLC Tel: 407-894-6834 Email: jeff@bransonlaw.com COVENANT BAPTIST: Seeks Chapter 11 Bankruptcy in Georgia -------------------------------------------------------- On September 1, 2025, Covenant Baptist Church And Ministries Inc. filed Chapter 11 protection in the Northern District of Georgia. According to court filing, the Debtor reports $2,965,325 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Covenant Baptist Church And Ministries Inc. Covenant Baptist Church And Ministries Inc., also known as The Covenant Church, is a non-denominational Christian congregation based in Decatur, Georgia. Founded in 1993 and led by Bishop Quincy Lavelle Carswell, the church provides worship services, Bible study programs, and ministries for children, youth, adults, and seniors. It also operates community outreach initiatives and offers a blend of traditional and contemporary worship practices. Covenant Baptist Church And Ministries Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-60026) on September 1, 2025. In its petition, the Debtor reports total assets of $2,600,000 and estimated liabilities of $2,965,325. The Debtor is represented by Leonard R. Medley, III, Esq. COWBOY CARES: Seeks Chapter 11 Bankruptcy in Wyoming ---------------------------------------------------- On August 29, 2025, Cowboy Cares Inc. filed Chapter 11 protection in the District of Wyoming. According to court filing, the Debtor teports $5,605,776 in debt owed to 50 and 99 creditors. The petition states funds will be available to unsecured creditors. About Cowboy Cares Inc. Cowboy Cares Inc., based in Lyman, Wyoming, provides home health and hospice services,including skilled nursing, therapy, and patient support. Cowboy Cares Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Wyo. Case No. 25-20375) on August 29, 2025. In its petition, the Debtor reports total assets of $417,140 and total liabilities of $5,605,776. Honorable Bankruptcy Judge Cathleen D. Parker handles the case. The Debtor is represented by Clark D. Stith, Esq. CYTOPHIL INC: Unsecured Creditors to Split $1M over 10 Years ------------------------------------------------------------ Cytophil, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Wisconsin a Disclosure Statement describing Plan of Reorganization dated August 26, 2025. The Debtor is a Delaware corporation, headquartered and operating in East Troy, Wisconsin. The Debtor was founded in 2005 by Dr. William "Bill" Hubbard. The Debtor took its first product to market in 2014. The Debtor manufactures medical devices for vocal, orthopedic, dental, and aesthetic implants. It also performs contract manufacturing for other medical device companies. For many years the Debtor operated a profitable business with domestic and international sales. The Debtor's financial problems first arose from the disruption to the supply chain caused by the Covid-19 pandemic. Those problems were compounded by a costly litigation on two fronts. First, the Debtor was dragged into an intellectual property lawsuit which resulted in more than a million dollars in attorney's fees for the Debtor. In addition, the Debtor had a lawsuit with a consulting firm, Health Policy Associates ("HPA") over invoicing. The Debtor engaged HPA in June 2017 to advise it on regulatory filings. The litigation over the invoices commenced in 2018. On February 5, 2025, the Debtor filed a voluntary petition under chapter 11 of the Code to preserve its value as a going concern and repay creditors through a plan of reorganization. The Debtor projects that it will have $112,000 on an annual basis to fund payments under the Plan. The Debtor also projects that it will have an increase in revenue beginning January 2026. The increase is expected to occur upon the Debtor obtaining new certificates to permit it to enter the European market. Allowed Claims of Creditors in Class 2 consist of Allowed Unsecured Claims without priority. The Debtor estimates that the total amount for all Class 2 Creditors will be in the range of $4,190,000 to $1,993,000. Claimants shall receive their pro rata share of the Debtor’s available net income paid over ten years. It is projected that Class 2 Claimants shall be paid $1,000,000 over the term of the Plan. Allowed Claims of Creditors in Class 3 consist of Allowed Unsecured Claims in Class 2 that affirmatively elect or opt-in to Class 3. The Class 3 claims will have half (50%) of their Allowed Unsecured Claim treated under Class 2. The remaining half (50%) will receive a pro-rata share of New Class B Common Stock. The New Class B Common Stock will be entitled to 10% of the entire voting rights; 25% of the Reorganized Debtor's Net Profits; and to elect one director on the board of directors. The New Class B Common Stock may be redeemed upon the aggregate of the payments made on account of the New Class B Common Stock being redeemed totaling the portion of the amount of the Allowed Claim converted to the New Class B Common Stock being redeemed plus interest at the rate of 5% per annum from the Effective Date. The redemption right is void after ten years from the Effective Date. The holders voting common stock interests in the Debtor shall be cancelled. New Class A Common Stock shall be issued equal to the same number of shares held before the Petition Date. The New Class B Common Stock will be entitled: 90% of the entire voting rights; and 75% of the Reorganized Debtor's Net Profits. The Plan primarily depends on the Debtor's business operations. The Debtor projects that it will have $176,500 to $223,500 on an annual basis to fund payments under the Plan. The Debtor believes the projections to be reasonable. The Debtor has reviewed the projections with its accountant, Jim Potter and the Debtor's board chairman, Tom Vassallo. They agree that the assumptions underlying the projections are reasonable and that the Plan is feasible. A full-text copy of the Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=5RTMMv from PacerMonitor.com at no charge. Cytophil Inc. is represented by: Evan P. Schmit, Esq. Kerkman & Dunn 839 N. Jefferson St., Ste. 400 Milwaukee, WI 53202-3744 Tel: (414) 277-8200 Email: eschmit@kerkmandunn.com About Cytophil Inc. Cytophil Inc., doing business as RegenScientific, operates in the field of manufacturing medical devices. Cytophil sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wisc. Case No. 25-20576) on February 4, 2025. In its petition, the Debtor reported total assets of $1,131,109 and total liabilities of $3,520,398 as of September 30, 2024. Judge G. Michael Halfenger handles the case. The Debtor is represented by Evan P. Schmit, Esq. at Kerkman & Dunn. DELTA QUAD: Case Summary & Four Unsecured Creditors --------------------------------------------------- Debtor: Delta Quad Holdings, LLC 5090 Shoreham San Diego, CA 92122 Business Description: Delta Quad Holdings LLC owns multiple parcels in Swope's Addition, Kansas City, Missouri, including lots 103–108 and 111–118 at 925 Grand Blvd., with a liquidation value of $12 million. Chapter 11 Petition Date: September 3, 2025 Court: United States Bankruptcy Court Western District of Missouri Case No.: 25-41430 Debtor's Counsel: Colin N. Gotham, Esq. EVANS & MULLINIX, P.A. 7225 Renner Road, Suite 200 Shawnee, KS 66217 Tel: (913) 962-8700 Fax: (913) 962-8701 Email: cgotham@emlawkc.com Total Assets: $12,000,000 Total Liabilities: $6,975,560 The petition was signed by Robert Lubin as managing member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D7ARY2I/Delta_Quad_Holdings_LLC__mowbke-25-41430__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Four Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Warshaw Burnstein, LLP Business Debt $123,790 575 Lexington Avenue New York, NY 10022 2. UES Consulting Business Debt $14,135 Services, LLC 100 East 7th Street Buckner, MO 64016 3. Internal Revenue Service Partnership $1,168 Centralized Insolvency Ops Taxes Due PO Box 7346 Philadelphia, PA 19101-7346 4. Kansas City Water Utility Service $500 Service Dept 4800 E. 63rd Street Kansas City, MO 64130 DEVILS RIVER: Seeks to Hire Sterlington PLLC as Special Counsel --------------------------------------------------------------- Devils River Holdings, LLC and Devils River Distillery, LLC seek approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Sterlington, PLLC as special counsel. The firm will represent the Debtors in connection with post-confirmation in matters relating to the marketing and sale of Debtors' assets and/or business operations. Sterlington's hourly rates are: Attorneys $595 - $895 Paralegals $295 As disclosed in the court filings, Sterlington does not represent any interest adverse to the estate. The firm can be reached through: Lawrence Waks, Esq. Sterlington, PLLC 530 Fifth Avenue, Suite 804 New York, NY 10036 Tel: (512) 921-1951 Email larrywaks@sterlingtonlaw.com About Devils River Holdings Devils River Holdings, LLC produces premium small-batch whiskeys under the Devils River Whiskey brand. Based in San Antonio, Texas, the Company sources limestone-filtered water from the Devils River to craft its Bourbon, Rye, and flavored whiskey offerings. Devils River Holdings filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-50959) on May 1, 2025. In the petition signed by Michael P. Cameron, CEO and president, the Debtor disclosed up to $10 million in both assets and liabilities. The Debtor tapped Martin & Drought, P.C. as counsel. DREAM FINDERS: S&P Rates New $300MM Senior Unsecured Notes 'BB-' ---------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issue-level rating and '3' recovery rating (50%-70%; rounded estimate: 65%) to Dream Finders Homes Inc.'s proposed $300 million senior unsecured notes due in 2030. Dream Finders Homes intends to use the net proceeds to refinance a portion of its senior unsecured credit facility due in 2028. S&P's 'BB-' issuer credit rating and stable outlook on the company are unchanged. EL DORADO: Court OKs Sale of Oil & Gas Leases to Hilcorp Energy --------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Mississippi has approved Dawn M. Ragan, the duly appointed Chapter 11 Trustee for the bankruptcy estate of El Dorado Gas & Oil, Inc. and Hugoton Operating Company Inc., to sell oil and gas leases, free and clear of all liens, claims, encumbrances, and interests. The Trustee seeks to sell to Hilcorp Energy I, L.P., or its designated assignee of the non-operating working interests in those certain oil and gas leases and wells located in Zapata County, TX, and to the extent necessary, the assumption and assignment of various farm-out agreements. The Court has authorized the Trustee to sell the oil and gas leases and well located in Zapata County to Hilcorp Energy in the purchase price of $350,000. The Trustee is authorized to enter into and comply with the terms of the Sale Documents and consummate the sale of the Assets in accordance with the terms and conditions of the Sale Documents. Any counterparty to the Designated Contracts shall be prohibited from terminating a Designated Contract because of the assumption and assignment approved or because of Hugoton's bankruptcy filing. The Trustee and the Purchaser are entitled to close the sales of the Assets, and assume and assign the Designated Contracts, immediately after entry of the Order and in accordance with the terms of the Sale Documents. About El Dorado Gas & Oil and Hugoton Operating Company Hugoton Operating Company, Inc. filed a voluntary Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51139) on Aug. 14, 2023. El Dorado Gas & Oil, Inc., a company in Gulfport, Miss., filed Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51715) on Dec. 22, 2023, with $500 million to $1 billion in assets and $50 million to $100 million in liabilities. Thomas L. Swarek, president, signed the petition. On Feb. 22, 2024, Bluestone Natural Resources II - South Texas, LLC and World Aircraft, Inc. filed separate Chapter 11 petitions (Bankr. S.D. Miss. Case Nos. 24-50223 and 24-50224). On Jan. 12, 2024, the Court entered an order directing the appointment of a Chapter 11 trustee for Hugoton. On Jan. 22, 2024, the Court approved Dawn Ragan as the Chapter 11 trustee for Hugoton. On Jan. 31, 2024, the Court ordered the appointment of a Chapter 11 trustee for El Dorado. On Feb. 2, 2024, the Court approved Ms. Ragan as Chapter 11 trustee for El Dorado. No official committee of unsecured creditors has been established in any of the Debtor cases. Hugoton and El Dorado are both Arkansas corporations engaged in the exploration, production, and development of crude oil and natural gas properties. El Dorado is a lease holder and operator of oil and gas wells covering about 4,000 net acres in South Texas. El Dorado also owns a substantial amount of oil field equipment and owns real estate in multiple locations and states. Hugoton also owns oil and gas interests and operates wells in South Texas. Hugoton is 100% owned by El Dorado and El Dorado is 100% owned by Thomas Swarek. Bluestone is 100% owned by Hugoton. Bluestone owns oil and gas interests operated by the EDGO Debtors. World Aircraft is 100% owned by EDGO. World Aircraft owns various aircraft and equipment assets. Judge Katharine M Samson oversees the cases. Patrick Sheehan, Esq., at Sheehan & Ramsey, PLLC, is Debtors Bluestone Natural Resources II-South Texas, LLC and World Aircraft, Inc. R. Michael Bolen, Esq., at Hood & Bolen, PLLC; and Nancy Ribaudo, Esq., Katherine Hopkins, Esq., and Joseph Austin, Esq., at Kelly Hart & Hallman LLP, serve as counsel to Dawn Ragan, Chapter 11 Trustee for El Dorado Gas & Oil, Inc. and Hugoton Operating Company, Inc. ENDI PLAZA: Claims to be Paid from Revenue and Plan Contribution ---------------------------------------------------------------- Endi Plaza LLC, filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement to accompany Plan of Reorganization dated August 26, 2025. The Debtor is privately held, and none of its equity is publicly traded. The Debtor is a Minnesota limited liability company, registered with the Minnesota Secretary of State since approximately November 30, 2021. The Debtor’s membership interests are held by two limited liability companies: Endi Pointe LLC, a Minnesota limited company, as to a 24.9% interest, and Endi Village LLC, a Delaware limited liability company, as to a 75.1% interest. Endi Village is the Debtor's managing member. Endi Pointe's general partner is Lazar Ostreicher. Endi Village’s sole member is Abraham Schnitzler. The Debtor, which maintains its executive offices in care of its membership at 11 Cucolo Lane, Monsey, NY 10952, owns a mixed-use residential apartment and commercial complex located at 2120 London Road, Duluth, Minnesota, known as "Endi Apartments" containing 142 apartment units and 13,876 square feet of retail space and relating parking (the "Property"). The Property is subject to a first mortgage securing a loan in the original principal amount of $51,800,000 made on March 31, 2023 by Greystone Servicing Company LLC and assigned the same day to the Lender. Class 3 consists of the holders of General Unsecured Claims. These Claims include trade Creditors, the Congress claim and the Lift Bridge claim. The Debtor believes the total Allowed Class 3 Claims are estimated to be around $13 million. Class 3 is impaired and entitled to vote for or against the Plan. Class 3 shall be paid over the course of three years without interest. Class 4 consists of Equity Interest Holder and it shall retain its Equity Interest as it existed on the Petition Date in exchange for the Plan Contribution. The Debtor estimates the Plan Contribution will be approximately $5 million. Class 4 is not impaired under the Plan. The Debtor anticipates funding the Plan from the revenue generated at the Property, as well as the Plan Contribution. The Debtor estimates it will need a Plan Contribution of approximately $5 million in addition to the funds on hand generated from the Property rentals. A full-text copy of the Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=FvsdWd from PacerMonitor.com at no charge. Proposed Counsel to the Debtor: Eric H. Horn, Esq. David S. Salhanick, Esq. Eva M. Thomas, Esq. A.Y. STRAUSS LLC 290 West Mount Pleasant Avenue, Suite 3260 Livingston, NJ 07039 Telephone: (973) 287-5006 Facsimile: (973) 533-0217 About Endi Plaza LLC Endi Plaza, LLC owns a mixed-use residential apartment and commercial complex located at 2120 London Road, Duluth, Minnesota, known as Endi Apartments containing 142 apartment units and 13,876 square feet of retail space and relating parking. Endi Plaza sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-35613) on June 2, 2025. On June 9, 2025, the case was transferred from the Poughkeepsie Divisional Office to the White Plains Divisional Office and was assigned a new case number (Case No. 25-20002). At the time of the filing, the Debtor reported between $50 million and $100 million in assets and liabilities. Judge Sean H. Lane oversees the case. The Debtor is represented by Goldberg Weprin Finkel Goldstein, LLP. EPIC MEDICAL: Seeks to Hire Niren Patel CPA PLLC as Accountant -------------------------------------------------------------- Epic Medical Services AZ, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Niren Patel, CPA PLLC as accountant. The firm will render these services: (a) provide any accounting services relating to the Debtor's bankruptcy case as may be requested by the Debtor; (b) prepare and file any federal or state tax returns as requested by the Debtor; (c) provide any accounting services related to preparation of the Debtor's Schedules, the Statement of Financial Affairs, the Monthly Operating Reports, and any other schedules or reports required of the Debtor in this bankruptcy case; (d) provide court testimony as needed or requested by the Debtor; and (e) provide any other accounting or tax services for the Debtor that may arise in connection with this bankruptcy case. The firm's hourly rate is $300. Niren Patel, CPA, a partner at Niren Patel, CPA PLLC, assured the court that his firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Niren Patel, CPA Niren Patel, CPA PLLC 1700 Alma Dr #550 Plano, TX 75075 Phone: (972) 468-6111 About Epic Medical Services AZ LLC Epic Medical Services AZ LLC is a healthcare services provider operating under NAICS code 6211 (Offices of Physicians). Epic Medical Services AZ LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-42537) on July 12, 2025. In its petition, the Debtor reported estimated assets and liabilities between $1 million and $10 million each. The Debtor tapped Vartabedian Hester & Haynes LLP as bankruptcy counsel and Allen, Jones & Giles, PLC as special litigation counsel. EVENTIDE CREDIT: Hires Holland & Knight LLP as Special Counsel -------------------------------------------------------------- Eventide Credit Acquisitions, LLC filed an amended application seeking approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Holland & Knight LLP as special counsel. The firm's services include: (i) assisting the Debtor's bankruptcy counsel in drafting an objection to the Consumer Borrowers' Claims, (ii) drafting a reply in support of such objections, (iii) assisting with discovery, (iv) attending and arguing at the hearing on such objections, and (v) any other necessary legal services relating to the Debtor's objections to the Consumer Borrowers' Claims. The firm's current hourly rates: Steven D. Gordon, Attorney $1350 per hour Sherri Lauritzen, Paralegal $430 per hour The firm will be paid a flat fee in the amount of $150,000. Steven D. Gordon, a partner at Holland & Knight 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: Steven D. Gordon, Esq. HOLLAND & KNIGHT LLP 800 17th Street N.W., Suite 1100 Washington, DC 20006 Tel: (202) 955-3000 Fax: (202) 955-2264 About Eventide Credit Acquisitions, LLC Eventide Credit Acquisitions, LLC, a Dallas-based company, filed voluntary Chapter 11 petition (Bankr. N.D. Tex. Lead Case No. 23-90007) on Sept. 6, 2023. On October 9, 3023, its affiliate, BWH Texas LLC, filed its voluntary petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code. In the petition signed by Matt Martorello, manager, Eventide Credit disclosed up to $100 million in both assets and liabilities. Judge Mark X. Mullin oversees the cases. The Debtors tapped Forshey Prostok as bankruptcy counsel and Donlin, Recano & Company, Inc. as notice, claims and balloting agent. EXTREME PROFITS: Wins Interim Approval to Use Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida granted Extreme Profits, Inc. interim authorization to use cash collateral effective as of the petition date. The interim order signed by Judge Corali Lopez-Castro authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts subject to approval by secured creditors. As adequate protection, PayPal, a secured creditor, will be granted a replacement lien on property acquired by the Debtor after its Chapter 11 filing, with the same priority and extent as its pre-bankruptcy lien. A final hearing is scheduled for September 10. Based on the Debtor's preliminary analysis, only PayPal holds a properly perfected first-position blanket lien as of the petition date, securing an estimated $135,872. The Debtor contended that creditors, particularly PayPal, are adequately protected because the business continues to generate revenue and will maintain or increase the collateral base. About Extreme Profits Inc. Extreme Profits, Inc., operating as X-Stream Power Washing and Cleaning Services, is a pressure washing and cleaning company based in Key West, Florida. Extreme Profits sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-15709) on May 21, 2025. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The Debtor is represented by: Kevin C. Gleason, Esq. FCI SAND: Seeks to Hire Michael Roberts as Financial Advisor ------------------------------------------------------------ FCI Sand Operations, LLC and FCI South, LLC seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Michael Roberts as financial advisor. Mr. Roberts will render these services: a. serve as a financial advisor for the Debtors; b. assist the Debtors and their counsel with matters related to these Chapter 11 Cases; c. assist the Debtors with preparation of financial information pertaining to assets and liabilities of the estates, cash flows, financial statements, and projections; d. assist and/or prepare 13-week cash flow budget and variance reports; e. assist the Debtors with preparation of any bankruptcy required reporting; and f. perform all other financial services to the Debtors in connection with these Chapter 11 Cases as may be required or necessary. Mr. Roberts is willing to provide these services at the hourly rate of $250, plus reasonable expenses. Mr. Roberts received $25,000 from the Debtors as a retainer. Mr. Roberts assured the court that he is a "disinterested person" as that term is defined in § 101(14) of the Bankruptcy Code. Mr. Roberts can be reached at: Michael Roberts 200 Waterview Lane Pottsboro, TX 75076 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. FCI SAND: Seeks to Hire Munsch Hardt Kopf & Harr as Attorney ------------------------------------------------------------ FCI Sand Operations, LLC and FCI South, LLC seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Munsch Hardt Kopf & Harr, P.C. as their attorneys. The firm will provide these services: a. serve as attorneys of record for the Debtors and to provide representation and legal advice with respect to the Debtors' powers and duties as debtors in possession in the continued operation of the Debtors' business; b. assist the Debtors in carrying out their duties under the Bankruptcy Code, including advising the Debtors of such duties, their obligations, and their legal rights; c. take all necessary action to protect and preserve the Debtors' estates, including the prosecution of actions on the Debtors' behalf, the defense of actions commenced against the Debtors, the negotiation of disputes in which the Debtors are involved, and the preparation of objection, as necessary, to relief sough and claims filed against the Debtors' estates; d. consult with the United States Trustee, any statutory committee that may be formed, and all other creditors and parties in interest concerning administration of these Chapter 11 Cases; e. assist in potential sales of the Debtors' assets; f. prepare on behalf of the Debtors all motions, applications, answers, orders, reports, and other legal papers and documents to further the Debtors' estates' interests and objections, and to assist the Debtors in preparation of schedules, statements, and reports, and to represent the Debtors and their estates at all related hearings and at all related meetings of creditors, United States Trustee interviews, and the like; g. assist the Debtors in connection with preparing and refining their chapter 11 plans and disclosures statements, and/or all related agreements and documents necessary to facilitate an exit from these Chapter 11 Cases, take appropriate action on behalf of the Debtors to obtain confirmation of such plans, and take such further actions as may be required in connection with the implementation of such plans; h. assist the Debtors in analyzing and appropriately treating the claims of creditors, including objecting to claims and trying claim objections; i. appear before this Court and any appellate courts or other courts having jurisdiction over any matter associated with these Chapter 11 Cases; and j. perform all other legal services and provide all other legal advice to the Debtors as may be required or deemed to be in the interest of their estates. The firm will be paid at these rates: Davor Rukavina, Shareholder $900 per hour Kyle Jaksa, Associate $475 per hour Jonathan Petree, Associate $475 per hour Heather Valentine, Paralegal $235 per hour Munsch Hardt received $150,000 from the Debtors as a retainer. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Davor Rukavina, Esq., a partner at Munsch Hardt Kopf & Harr, P.C. 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: Davor Rukavina, Esq. Munsch Hardt Kopf & Harr, P.C. 1717 W. 6th St., Ste. 250 Austin, TX 78703 Tel: (214) 855-7500 Email: drukavina@munsch.com 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. FLOOD SPECIALISTS: Hires Golan Christie Taglia LLP as Counsel ------------------------------------------------------------- Flood Specialists, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Golan Christie Taglia LLP as counsel. The firm will provide these services: a. render legal advice with respect to the powers and duties of the Debtor; b. prepare all necessary pleadings, orders and reports with respect to this proceeding and to render all other legal services as may be necessary proper; and c. do the necessary legal work regarding approval of the disclosure statement and plan. The firm will be paid at these rates: Senior Partner $695 per hour Partner $575 to $625 per hour Associate $420 to $550 per hour Paralegal $250 to $350 per hour The firm will be paid a retainer in the amount of $25,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Beverly Berneman, Esq., a partner at Golan Christie Taglia 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: Derek D. Samz, Esq. Beverly A. Berneman, Esq. Robert R. Benjamin, Esq. Golan Christie Taglia LLP 70 W. Madison, Ste. 1500 Chicago, IL 60602 Telephone: (312) 263-2300 Facsimile: (312) 263-0939 Email: ddsamz@gct.law baberneman@gct.law rrbenjamin@gct.law About Flood Specialists Flood Specialists, Inc. filed voluntary Chapter 7 petition (Bankr. N.D. Ill. Case No. 24-15634) on October 19, 2024. The case was converted to a Chapter 11 Subchapter V case on August 15, 2025. Judge Michael B. Slade presides over the case. The Debtor is represented by Derek D. Samz, Esq., at Golan Christie Taglia, LLP. FOOD CONCEPTS: Seeks Chapter 11 Bankruptcy in Texas --------------------------------------------------- On September 2, 2025, Food Concepts International Holdings Inc. 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 Food Concepts International Holdings Inc. Food Concepts International Holdings Inc., based in Lubbock, Texas, operates full-service Mexican cuisine restaurants offering dining, banquet, and catering services. Food Concepts International Holdings Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43342) on September 1, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Joseph F. Postnikoff, Esq. at ROCHELLE MCCULLOUGH, LLP. FOREST GOOD: Seeks to Hire Markoff & Malatesta as Accountant ------------------------------------------------------------ Forest Good Eats, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Connor Malatesta, CPA, and the firm Markoff & Malatesta CPAs, PLLC to serve as accountant in its Chapter 11 case. The firm will provide these services: (a) maintain the Debtor’s financial records; (b) prepare future annual tax returns; and (c) perform any other accounting services for the Debtor as may be necessary in the Chapter 11 proceeding. Mr. Malatesta will be compensated on an hourly basis, and the Debtor will be responsible for all reasonable and necessary costs and expenses incurred during the representation. According to court filings, Mr. Malatesta and his firm are "disinterested" persons within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Connor Malatesta, CPA MARKOFF & MALATESTA CPAs, PLLC 328 Reezy Ln Wake Forest, NC 27587 About Forest Good Eats Forest Good Eats, LLC operates Real McCoy's, a restaurant and sports bar in Wake Forest, North Carolina. The establishment offers American cuisine and craft beer in a casual setting. Forest Good Eats sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-02018) on May 30, 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 David M. Warren handles the case. Joseph Zachary Frost, Esq., at Buckmiller & Frost, PLLC is the Debtor's legal counsel. Gulf Coast Bank & Trust Company, as secured creditor, is represented by: Lisa P. Sumner, Esq. Maynard Nexsen, PC 4141 Parklake Avenue, Suite 200 Raleigh, NC 27612 Telephone: (919) 573-7423 Facsimile: (919) 573-7454 LSumner@maynardnexsen.com GARUDA HOTELS: To Sell Garuda Property to Ithaca Lodging for $8MM ----------------------------------------------------------------- Jeffrey A. Dove, Chapter 11 trustee for Garuda Hotels, Inc. and Welcome Motels II, Inc., seeks permission from the U.S. Bankruptcy Court for the Northern District of New York, Syracuse Division, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Trustee has been engaged in an extensive process for obtaining the highest and best offer for the sale of substantially all of the Debtors' assets. The Trustee, exercising his business judgment, believes a sale of the Assets, free and clear of all liens, claims and encumbrances pursuant to a private sale to Ithaca Lodging Associates LLC (ILA), will maximize the value of the Assets and represents the highest and best possible outcome for creditors in the case. Garuda is the owner of the real property and improvements located at 1100 Danby Road, Ithaca, New York (Garuda Property), where it owns and operates a two-story, 58-room Country Inn and Suites by Radisson Hotel that opened in 2008 (Garuda Hotel). Garuda operates the Garuda Hotel pursuant to a license agreement with Country Inns & Suites by Carlson, Inc. Welcome is the owner of the real property and the improvements located at 2303 Triphammer Road, Ithaca, New York, where it owns and operates a two-story, 72-room Econo Lodge Hotel that opened in 1987. Welcome operates the Welcome Hotel pursuant to a franchise agreement with Choice Hotel International, Inc. The Welcome Property is subject to a Water Supply and Infrastructure Maintenance Agreement, dated May 1, 2015, by and between the Welcome and Brixmor/OA Cayuga Plaza, LLC. The Water Agreement expressly provides that it runs with the land with respect to the Welcome Property. Both Debtors were indebted to RSS COMM2014-LC15 - NY GHI, LL in an amount which was not less than $11,568,360.62 pursuant to a $7,970,00.00 loan made to the Debtors by Ladder Capital Finance LLC. The Trustee proposes to sell all of each Debtor's real property, buildings and improvements plus all personal property of the Debtor, except for: cash; accounts receivable; claims under Chapter 5 of the Bankruptcy Code; and the Debtor’s interest in its Franchise Agreement, License Agreement or any other agreements with Country Inns with respect to Garuda, Choice Hotel with respect to Welcome, and Country Inns’ and Choice Hotel's respective successors and assigns (collectively Assets). The Assets have been substantially marketed by A&G and then Pyramid over approximately the last two years. The Trustee initially retained A&G to market the Assets. The result of A&G's marketing efforts was the submission of Azroie's stalking horse bid in 2023. There were no other qualified bids at such time, and Arzoie failed to close on its winning bid. Pyramid listed the properties on multiple commercial platforms, including sites maintained by Pyramid, Cushman & Wakefield, and LoopNet. Pyramid also sent out multiple eBlasts. Pyramid received qualified inquiries concerning the Properties, from which Pyramid conducted 19 tours of the Properties with potential purchasers. After two years of marketing the Properties for sale has concluded that the acceptance of ILA's offer, which was the highest offer, pursuant to a private sale is the highest and best offer for the Properties and that an auction sale would not result in higher and better offers, and would only result in needlessly extending the three year old Chapter 11 case, and the continued operation of the Properties by the Trustee, which would not benefit creditors. The Trustee seeks to sell the Assets to ILA pursuant to a private sale for $8,000,000. ILA has wired the $200,000 deposit under the Purchase Sale Agreement (PSA) to the Trustee, who is acting as escrow agent. The Deposit will be applied to the Purchase Price at closing. The PSA is not subject to higher or otherwise better offers. The PSA grants the buyer a 45 day due diligence period to examine the Properties. This provision is consistent with virtually all offers for the Propertius received by Pyramid. The due diligence period commenced on August 4, 2025, after all parties executed the PSA, which is subject to this Court's approval. About Garuda Hotels, Inc. Garuda Hotels, Inc. and Welcome Motels II, Inc. operate the Country Inn and Suites Hotel and Econolodge Hotel, respectively. Both hotels are located in Ithaca, N.Y. Garuda Hotels and Welcome Motels II filed Chapter 11 petitions (Bankr. N.D.N.Y. Lead Case No. 22-30296) on May 13, 2022. Both reported up to $10 million in assets and liabilities at the time of the filing. Judge Wendy A. Kinsella oversees the cases. Erica Aisner, Esq., at Kirby Aisner & Curley, LLP is the Debtors' legal counsel. GASFUSION TEXAS: Seeks Chapter 11 Bankruptcy in Texas ----------------------------------------------------- On September 2, 2025, Gasfusion Texas LLC filed Chapter 11 protection in the Southern 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 not be available to unsecured creditors. About Gasfusion Texas LLC Gasfusion Texas LLC is classified as a single-asset real estate entity under 11 U.S.C. Section 101(51B). Gasfusion Texas LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-35174) on September 2, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Nima Taherian, Esq. at LAW OFFICE OF NIMA TAHERIAN GULF STATES: Seeks Subchapter V Bankruptcy in Alabama ----------------------------------------------------- On September 2, 2025, Gulf States Performance LLC filed Chapter 11 protection in the Southern District of Alabama. 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 Gulf States Performance LLC Gulf States Performance LLC, doing business as Floyd's Performance, provides automotive repair and performance upgrade services, including custom exhaust work and fleet maintenance. The Company serves individual vehicle owners and local businesses in Baldwin County. Gulf States Performance LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ala. Case No. 25-12354) on September 2, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Jodi Daniel Dubose, Esq. at STICHTER, RIEDEL, BLAIN & POSTLER, P.A. HARLING INC: Court Extends Cash Collateral Access to Sept. 10 ------------------------------------------------------------- Harling, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. The interim order penned by Judge Jacqueline Cox authorized the Debtor to use cash collateral retroactive to the date of filing the Debtor's Chapter 11 case through September 10. As protection from any diminution in the value of its collateral, Byline Bank was granted a first-priority lien on property acquired by the Debtor after the petition date, including all proceeds and products thereof. This lien will have the same priority and extent as the bank's pre-bankruptcy lien. A further hearing is scheduled for September 9. The Debtor previously entered into two loan agreements with Byline Bank: one for $250,000 and another for $1.05 million, both secured by the Debtor's assets, including equipment, inventory, accounts receivable, and general intangibles. Byline Bank has filed proofs of claim for $218,647 and $741,213 on those respective loans. The Debtor's schedules list total assets of $29,137, primarily composed of $21,447 in accounts receivable and $3,500 in office furniture and equipment. About Harling Inc. Harling Inc. specializes in masonry facade repair, restoration, and building waterproofing services for commercial, industrial, and institutional buildings. It is based in Broadview, Ill. Harling sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-04324) on March 1, 2025. In its petition, the Debtor reported between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Jacqueline P. Cox handles the case. Joel Schechter, Esq., at the Law Offices of Joel A. Schechter is the Debtor's legal counsel. Byline Bank, as secured creditor, is represented by: Martin J. Wasserman, Esq. Carlson Dash, LLC 216 S. Jefferson St., Suite 303 Chicago, IL 60661 Phone: 312-382-1600 mwasserman@carlsondash.com HART & HART: To Sell Daycare Biz to Alpharetta Academy for $10,000 ------------------------------------------------------------------ Hart & Hart Investment, Inc. seeks permission from the U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Debtor owns and operates a daycare facility which currently services 122 students located at 4015 Discovery Drive, Alpharetta, Georgia, 30004 (Property). The Property is owned by Rylie Investments, Inc. The Debtor and Rylie are affiliates of each other by virtue of common ownership. Mr. David Hart and Ms. Tammy Hart each hold a 50% ownership interest in both the Debtor and Rylie. The Debtor proposes to sell the Purchased Assets for $10,000.00 to Alpharetta Academy, LLC. The Sale is contingent upon the simultaneous closing of the transaction outlined in the Purchase and Sale Agreement between Rylie as seller and 4015 Discovery LLC as purchaser for the sale of the Property. The Debtor operates the Business under a franchise agreement with Discovery Point Franchising, Inc. The Franchisor is owned by the individual who holds a security deed on the Property, Clifford M. Clark. The Debtor and Rylie were involved in a dispute with Clark pre-petition and Clark refused to provide a payoff of the secured loans so that the Property Sale could close. The Debtor believes that it was Clark's intention to thwart the Property Sale so that he could obtain ownership of the Property. 4015 Discovery LLC secured an SBA-backed loan with a bank to fund the Property Sale. 4015 Discovery LLC found out that its bank was being acquired by another bank effective last Friday, August 29, 2025. The new bank does not offer SBA loans but agreed to honor the loan as long as it could close right away. If 4015 Discovery LLC lost its funding, then the Property Sale would not close and consequently the Sale of the Purchased Assets would be moot. To salvage the Property Sale, on August 29, 2025, prior to the filing of the instant case, the Property Sale closed in escrow. Rylie and 4015 Discovery LLC signed closing documents which are being held and have not been delivered pending the approval of the Bankruptcy Court. On September 2, 2025 the lender funded the Property Sale and the funds are being held in escrow with the closing firm. 4015 Discovery LLC has been told by its lender that unless the Property Sale is consummated quickly, the lender will withdraw the funding, leading Rylie and the Debtor to ask that the Motion to Sell in each case be heard on an emergency basis. The Debtor evaluated its alternatives and concluded that it was in the best interests of the Debtor, its creditors, its employees and other parties in interest to effectuate a sale of the Purchased Assets. The Purchaser is not an insider of the Debtor and the Debtor submits that the Purchase Price amounts to fair market value for the Purchased Assets. About Hart & Hart Investments Hart & Hart Investments, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-21225) on August 29, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. William A. Rountree, Esq., at Rountree Leitman Klein & Geer, LLC represents the Debtor as legal counsel. HARVEST REAL ESTATE: Seeks Chapter 11 Bankruptcy in California -------------------------------------------------------------- On September 2, 2025, Harvest Real Estate Management LLC filed Chapter 11 protection in the Central District of California. According to court filing, the Debtor reports $2,200,000 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Harvest Real Estate Management LLC Harvest Real Estate Management LLC focuses on real estate investment and management, overseeing property acquisition, leasing, and portfolio operations. Harvest Real Estate Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-12457) on September 2, 2025. In its petition, the Debtor reports total assets of $800,000 and total debts of $2,200,000. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by Yang Wenyao, Esq. at CONCORD & SAGE PC. HERITAGE COAL: Gets Court OK for Chapter 11 Disclosure Statement ---------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that on September 2, 2025, a Delaware bankruptcy judge approved Heritage Coal's Chapter 11 disclosure statement, outlining a liquidating plan that pays priority claims in full and provides distributions to unsecured creditors. About Heritage Coal & Natural Resources LLC Heritage Coal & Natural Resources LLC is a coal mining company based in Meyersdale, Pennsylvania that specializes in coal extraction and processing operations in Somerset County. The company operates from its principal location at 1117 Shaw Mine Road and maintains multiple coal leases with regional landowners including Allegany Coal and Land Company, Beechwood Coal LLC, and Shaw Big Vein Coal Company for its mining operations. Heritage Coal & Natural Resources LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10602) on March 30, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Jeffrey R. Waxman at Morris James LLP. HERITAGE GRILLE: Seeks to Hire Markoff & Malatesta as Accountant ---------------------------------------------------------------- The Heritage Grille and Wine Barrel, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Connor Malatesta, CPA of Markoff & Malatesta CPAs, PLLC to serve as accountant in its Chapter 11 case. Markoff & Malatesta will provide these services: (a) maintaining financial records; (b) preparation of future annual tax returns; and (c) performing any other accounting services for the Debtor as may be necessary in this Chapter 11 proceeding. The proposed representation of the Debtor by Mr. Malatesta will be on an hourly basis and the Debtor will be responsible for all reasonable and necessary costs and expenses incurred during the course of said representation. Mr. Malatesta and Markoff & Malatesta CPAs, PLLC are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Connor Malatesta, CPA MARKOFF & MALATESTA CPAs, PLLC 328 Reezy Ln Wake Forest, NC 27587 Telephone: (919) 213-0081 Email: Info@markoff.cpa About Heritage Grille & Wine Bar Heritage Grille & Wine Bar, LLC, doing business as The Heritage Grille & Wine Barrel, is a fine dining restaurant based in Wake Forest, North Carolina. It serves French-inspired cuisine and offers a curated wine selection. The establishment includes a formal dining room, a speakeasy-style bar, and a bottle shop. Heritage Grille & Wine Bar sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-02019) 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 David M. Warren handles the case. The Debtor is represented by: Joseph Zachary Frost, Esq. Buckmiller & Frost, PLLC Tel: (919) 296-5040 Email: jfrost@bbflawfirm.com HIGH SOURCES: Seeks to Extend Plan Filing Deadline to Oct. 15 ------------------------------------------------------------- High Sources Inc. asked the U.S. Bankruptcy Court for the Middle District of Florida to extend its period to file its Disclosure Statement and Plan of Reorganization to October 15, 2025. As the Court is aware, the Debtor had no option but to seek bankruptcy protection after Joann Fabric, which had been paying the Debtor approximately $600,000 per month, ceased operations and liquidated. The Debtor and its principal Maximo Chanlatte have taken substantial steps post-petition to secure new contracts and increase the Debtor's gross revenues. Presently, the Debtor has five bids for long-term contracts pending. At least three of those contracts should be awarded by the end of September 2025. If the Debtor's bids are successful, the Debtor could see its gross monthly revenue increase by tens of thousands of dollars. This increased revenue will help the Debtor demonstrate the feasibility of the Debtor's plan of reorganization. The Debtor claims that it is not presently in the position to file its disclosure statement and plan of reorganization. The Debtor explains that although it has completed basic outlines of both documents, the Debtor is not prepared to draft projections demonstrating the feasibility of the plan until after it learns whether the Debtor's bids for contracts have been accepted. Therefore, the Debtor seeks to extend the deadline for it to file the disclosure statement and plan of reorganization until October 15, 2025. High Sources Inc. is represented by: Buddy D. Ford, Esq. Jonathan A. Semach, Esq. Heather M. Reel, Esq. FORD & SEMACH, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Telephone: (813) 877-4669 Email: Buddy@tampaesq.com Jonathan@tampaesq.com Heather@tampaesq.com About High Sources Inc. High Sources, Inc., provides janitorial, facilities maintenance, and construction services across multiple sectors, including healthcare and retail. Based in Tampa, Florida, the Debtor operates field offices in Arizona, Florida, and Texas. Founded in 2015, the Debtor is a minority-owned business. High Sources sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03583) on May 30, 2025. In its petition, the Debtor reported total assets of $1,110,080 and total liabilities of $9,148,669. Judge Catherine Peek Mcewen handles the case. Buddy D. Ford, and Jonathan A. Semach, at Ford & Semach, P.A., are the Debtor's bankruptcy attorneys. HOMEMAKERS REAL ESTATE: Creditor Seeks Involuntary Chapter 11 ------------------------------------------------------------- On September 2, 2025, Homemakers Real Estate LLC's creditor filed for involuntary Chapter 11 protection in the Middle District of Florida. About Homemakers Real Estate LLC Homemakers Real Estate LLC is a real estate company based in Merritt Island, Florida, that operates from 201 Ivory Coral Lane. Homemakers Real Estate LLC's creditor,Tiered Capital Inc., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05570) on September 2, 2025. In its petition, the creditor reports $125,000 in debt. The Debtor is represented by Scott R. Rost, Esq. at BRENNAN, MANNA & DIAMOND, P.L. HOUSE SPIRITS: Hires Cassel Salpeter & Co as Investment Banker -------------------------------------------------------------- House Spirits Distillery LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Cassel Salpeter & Co., LLC to provide investment banking services. The firm's services include: a. General Advisory Services i. Reviewing and analyzing the Debtor's business, operations and financial projections; and ii. Providing testimony, as necessary, with respect to matters on which we have been engaged to advise hereunder in any proceeding before the Bankruptcy Court. b. Sale Transaction Services i. Assisting in the preparation of materials describing the Debtor's industry, business strategy, business and management, and incorporating current financial and other appropriate information furnished by the Debtor (which may be amended and/or supplemented from time to time); ii. Assisting the Debtor in identifying and evaluating candidates for any potential Sale Transaction and engaging in outreach to potential buyers to market the Debtor; iii. Coordinating and assisting the management of the Debtor in preparing for and hosting management presentations, as well as conference and diligence calls; iv. Evaluating Transaction proposals and providing Debtor management with guidance on Transaction valuation and structure and terms; v. Facilitating an auction of Debtor assets, as needed; vi. Advising with regards to possible affiliations with strategic operators; and vii. Advising with regards to divestitures of non-strategic assets, as appropriate. Cassel Salpeter will be compensated as follows: a. Fixed Fee. A non-refundable, one-time cash fee of $150,000, payable by check or wire transfer in immediately available U.S. funds after the hearing before the Bankruptcy Court for approval of the Sale Transaction and after approval of a final fee application for such fee by the Bankruptcy Court. b. Sale Transaction Fee. If the Debtor consummates a Sale Transaction to any party, including a stalking horse purchaser, the Debtor shall pay to Cassel Salpeter a sale transaction fee, payable by check or wire transfer in immediately available U.S. funds at the closing of the Sale Transaction, equal to 5.0 percent of the additional Sale Consideration in excess of the original stalking horse bid. c. Multiple Closings. If more than one Sale Transaction is consummated, Cassel Salpeter shall be compensated based on the aggregate Consideration of all Sale Transactions. In addition, the firm will seek reimbursement for expenses incurred. Philip Cassel, Esq., a managing partner at Cassel Salpeter & Co., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Philip Cassel Cassel Salpeter & Co., LLC 801 Brickell Ave. Miami, FL 33131 Telephone: (30) 438-7700 About House Spirits Distillery LLC House Spirits Distillery LLC, operating under the name Westward Whiskey, is a Portland, Oregon-based distillery that produces, markets, sells, and distributes high-quality American single malt whiskeys. Westward has become one of the most well-known and respected craft distilleries in the U.S., leading the way in the emerging Premium American Whiskey category. Unlike traditional single malts made only from malted barley, Westward employs a distinctive process that blends elements from American craft ale, Scottish single malt, and bourbon traditions. The distillery benefits from the unique climate of the Pacific Northwest, where hot, dry summers and cool, wet winters contribute to the development of exceptional, world-class whiskeys. House Spirits Distillery LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10660) on April 6, 2025. In its petition, the Debtor reported estimated assets and liabilities between $1 million and $10 million each. Judge Karen B. Owens handles the case. The Debtor is represented by Joseph C. Barsalona II, Esq. at Pashman Stein Walder Hayden, PC. The Debtor's claims agent is Epiq Corporate Restructuring, LLC. HRM DETROIT: Claims to be Paid from Property Sale Proceeds ---------------------------------------------------------- HRM Detroit Holding LLC filed with the U.S. Bankruptcy Court for the Eastern District of Michigan a Combined Plan of Reorganization and Disclosure Statement dated August 27, 2025. The Debtor is a holding company owning 20% of the Real Property and owns 23.42% of Mission Point Detroit. Mission Point Detroit operates a 59-bed skilled nursing and physical rehabilitation Facility located in at the Real Property. The Real Property and Facility is located at 2012 Orleans Street, Detroit, Michigan. The other owners of the Real Property are PHB (30%), and Headwater Holdings II, LLC (50%), who hold the Real Property as tenants in common (collectively, "Landlord"). The Debtor believes that the fair market value of the Real Property is greater than the amount of the Huntington Bank Claim. Debtor and Mission Point Detroit have reached a tentative agreement with Senior Living Fund IV LLC ("SLF"), or an affiliate to be designated by SLF, by which SLF will purchase the Real Property for $7,250,000, which Debtor and Mission Point Detroit believe to be sufficient to pay all closing costs, broker's fees and fully satisfy the Huntington Bank Claim and all property taxes. This agreement remains subject to Bankruptcy Court approval, which may be obtained through confirmation of the Plan. The agreement also remains subject to any better and higher offers that Debtor may receive before Plan confirmation. The Real Property Sale is expected to close within sixty days after Plan Confirmation. Upon closing of the Real Property Sale, Mission Point Detroit will enter into a new lease with the Real Property Purchaser in substantially the form attached to the Disclosure Statement filed by Mission Point Detroit in its own Case. Under the Plan, Debtor has a period of up to two years to complete a sale of the Real Property and satisfy the Huntington Bank Claim in full. While Debtor expects the currently proposed Real Property Sale to SLF to timely close, the closing of this sale is not a necessary condition to confirmation of Debtor's Plan. During the two years following Plan confirmation, and until payment in full to Huntington Bank, Mission Point Detroit will make monthly payments to Huntington Bank of all accruing interest plus principal payments based on a twenty-year loan amortization as detailed in Mission Point Detroit's own Plan and Disclosure Statement filed in the Mission Point Detroit Case. Additionally, if the Real Property Sale does not close within sixty days as contemplated, Mission Point Detroit will assume the Real Property lease with Landlord, and the entirety of the cure payment, $225,000, will be paid to Huntington Bank on the sixtieth day after Confirmation as a principal payment. The Debtor proposes to pay Class II General Unsecured Creditors a distribution based on whatever funds remain after payment of all Allowed Class I Claims and all post-petition costs and expenses incurred by Debtor, including all costs and expenses incurred in closing the Real Property Sale, which may include professional fees, transfer taxes, escrow fees, broker's fees, title expenses, appraisal costs, and other closing costs and expenses attributable to the owners/sellers of the Real Property. The intent is that all such costs and expenses will be paid from the proceeds of the Real Property Sale and not be a charge against Debtor or the other owners. To the extent any sale of the Real Property results in net proceeds in excess of the Allowed Class I and Class II Claims, the excess proceeds will be turned over to Mission Point Detroit as consideration for the release of its option rights, and Mission Point Detroit will hold the proceeds in trust to be paid as part of the distribution under its own Plan to its General Unsecured Creditors. The Debtor's Plan provides for payment in full of all Allowed Class I Claims immediately upon closing of the Real Property Sale and of Allowed Class II Claims out of the net proceeds after payment of all costs, expenses and administrative claims, if there are any net proceeds. Class II consists of all Allowed General Unsecured Claims against Debtor, including all Subrogation and Contribution Claims and any claims for indemnification or reimbursement, if any. Reorganized Debtor shall pay all Allowed Class II Claims from the proceeds of the Real Property Sale to the extent Debtor receives any proceeds. For clarification, as the owner of 20% of an undivided interest in the Real Property, Debtor will have a claim to receive 20% of all proceeds from the Real Property after payment of all costs, expenses, and payment in full of all Class I Claims. Upon the Effective Date, Debtor will become the Reorganized Debtor. Notwithstanding anything to the contrary in this Plan, the Reorganized Debtor shall continue operating Debtor's business, shall collect all revenues and income, and shall distribute such revenues and income as provided under the terms of this Plan. The Reorganized Debtor shall retain H. Roger Mali as its Managing Member. Mr. Mali will receive no compensation for his services. Upon closing of the Real Property Sale, it is contemplated that Mission Point Detroit will enter into a new lease with the Real Property Purchaser substantially on the terms of the lease attached to Mission Point Detroit's own Disclosure Statement. A full-text copy of the Combined Plan and Disclosure Statement dated August 27, 2025 is available at https://urlcurt.com/u?l=g0J87w from PacerMonitor.com at no charge. Counsel to the Debtor: HEILMAN LAW PLLC Ryan D. Heilman, Esq. 40900 Woodward Ave., Suite 100 Bloomfield Hills, MI 48304 Phone: (248) 835-4745 Email: ryan@heilmanlaw.com About HRM Detroit Holding LLC HRM Detroit Holding LLC is engaged in the business of leasing real estate properties in the Detroit area. HRM Detroit Holding LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-43887) on April 16, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Mark A. Randon handles the case. The Debtor is represented by Ryan Heilman, Esq. at HEILMAN LAW PLLC. JAMANA LLC: Gets Interim OK to Use Cash Collateral -------------------------------------------------- Jamana, LLC got the green light from the U.S. Bankruptcy Court for the Southern District of Alabama to utilize cash collateral to fund operations. The court authorized the Debtor's interim use of cash collateral pending the final hearing on September 25. The Debtor may use cash collateral pursuant to its budget, with variances not exceeding 15% per category or 10% in the aggregate. First Western SBLC, Inc., the Debtor's lender, will be provided with protection in the form of insurance, maintenance of collateral, payment of taxes, and submission of monthly financial reports. As additional protection, the Debtor was ordered to remit monthly payments to First Western under the loan terms. A final hearing is scheduled for September 25. Objections are due by September 18. As of the petition date, Jamana had $8,520.14 in cash collateral. The primary secured creditor is Computershare Trust Company, N.A., acting as indenture trustee for the SBA and loan holders, with First Western SBLC, Inc. serving as loan servicer. Their $2.235 million loan is secured by real property, hotel revenues, and other business assets. About Jamana LLC Jamana LLC, doing business as Quality Inn Mobile West Tillman's Corner, operates a 58-room franchised Quality Inn hotel in Mobile, Alabama, offering lodging services and amenities such as complimentary breakfast, Wi-Fi and a seasonal outdoor pool. Jamana sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ala. Case No. 25-11994) on July 29, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Jerry C. Oldshue handles the case. The Debtor is represented by Kevin M. Ryan, Esq., at Ryan Legal Services, Inc. JGA DEVELOPMENT: Unsecureds Will Get 10% of Claims in Plan ---------------------------------------------------------- JGA Development, LLC, filed with the U.S. Bankruptcy Court for the District of New Jersey a First Disclosure Statement describing Chapter 11 Liquidating Plan dated August 27, 2025. The Debtor is in the business of purchasing distressed properties, rehabilitating them, and selling them for a profit. The Debtor currently owns five properties: 1. 5 Cherryville-Stanton Road, Flemington, NJ 08822 2. 289 Amherst Street, East Orange NJ 07018 3. 990 Route 523, Flemington, NJ 08822 4. 36 East Grand Avenue, Building D, Unit 22, Rahway, NJ 07065 The fifth property, 276 3rd Street, Jersey City, is under contract to be sold, and the Debtor anticipates this property will be sold by the time the plan is considered for confirmation. The Debtor intends to rehabilitate and sell the properties listed in #1 to #4. The Debtor has been in this business since September 23, 2019. The 'triggering event' for this Debtor filing this case was the domestication of an out-of-state judgment on April 10, 2024 by Capital Stack UT, LLC in the amount of $694,999.90. The bankruptcy case was filed within ninety days of the domestication so that the judgment lien of Capital Stack UT, LLC could be avoided under 1Section 547 for the benefit of all creditors. This is a liquidating plan. In other words, the Proponent seeks to accomplish payment under the plan by selling its assets in an orderly manner and ceasing operations. Class 8 consists of General Unsecured Creditors, including but not limited to Capital Stack UT, LLC and remaining balances owed to Anchor Loans, LP following short sales. Within one year of confirmation, the Debtor will finish rehabilitation and sale of the four properties. Within ninety (sixty) days of the final sale, the Debtor shall distribute all available funds on hand to general unsecured creditors on a pro rata basis. The remaining balance will be distributed pro rata to all general unsecured claim holders. The Debtor projects that there will be approximately $1,200,000 available for distribution, which will result in a distribution of approximately 10% to general unsecured claimants. The Plan will be funded by the Debtor's cash on hand at the time of confirmation and the sale of the four properties the Debtor will be rehabilitating. All rehab and sales to be completed within twelve months of confirmation. Cash on hand to be utilized in rehabilitation projects and to pay. The Debtor will continue to be managed by Gowtham Reddy following confirmation. A full-text copy of the First Disclosure Statement dated August 27, 2025 is available at https://urlcurt.com/u?l=JDlxYD from PacerMonitor.com at no charge. Counsel to the Debtor: Daniel Reinganum, Esq. Law Offices of Daniel Reinganum 615 White Horse Pike Haddon Heights, NJ 08035 856-548-5440 / Daniel@ReinganumLaw.com About JGA Development, LLC JGA Development, LLC, a real estate investment and development company in Vineland, N.J., filed Chapter 11 petition (Bankr. D.N.J. Case No. 24-16864) on July 9, 2024. At the time of the filing, the Debtor disclosed $10 million to $50 million in both assets and liabilities. Judge Andrew B. Altenburg, Jr. oversees the case. The Debtor tapped the Law Offices of Daniel Reinganum as bankruptcy counsel and Michele Zelina, Esq., as special counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. JHRG MANUFACTURING: Gets Interim Approval to Use Cash Collateral ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina granted JHRG Manufacturing LLC interim authority to use cash collateral. The interim order authorized the Debtor to use cash collateral to cover operating expenses consistent with its 30-day budget, which projects total operational expenses of $23,322. The interim order will remain in full force and effect until the court terminates the order for cause, including, but not limited to, breach of its terms and conditions. The U.S. Internal Revenue Service and WBL SPO I, LLC may assert interests in the Debtor's cash collateral. As adequate protection, these secured creditors will be granted post-petition replacement liens, with the same priority as their pre-petition liens, subject to Debtor's right to challenge lien validity. The next hearing is scheduled for September 24. About JHRG Manufacturing LLC JHRG Manufacturing LLC is a North Carolina-based company that specializes in the production of personal protective garments and safety-related items used in industrial and recreational settings. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-03211-5-DMW) on August 20, 2025. In the petition signed by John E. Holland, member/manager, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge David M. Warren oversees the case. Benjamin R. Eisner, Esq., at The Law Offices of George Oliver, PLLC, represents the Debtor as legal counsel. WBL SPO I, LLC, as secured creditor, is represented by: William Walt Pettit HUTCHENS LAW FIRM LLP 6230 Fairview Road, Suite 315 Charlotte, N.C. 28210 Telephone: (704) 362-9255 Telecopier: (704) 362-9268 walt.pettit@hutchenslawfirm.com KESKIN INC: Seeks to Hire Coldwell Banker as Real Estate Broker --------------------------------------------------------------- Keskin Inc. seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire Sue Parks and Coldwell Banker/Jay Lilly Real Estate as broker. Ms. Parks will market and sell the Debtor's real property located at 12521 Substation Road, Waldorf, MD 20601. The Broker has agreed to charge the Debtor a contingency percentage of 3 percent of the sales price for the property. Ms. Parks assured the court that her firm is a disinterested person according to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sue Parks Coldwell Banker/ Jay Lilly Real Estate 3555 Leonardtown Rd Ste# 1 Waldorf, MD 20601 Phone: (301) 266-7803 About Keskin Inc. Keskin Inc., operating as RM Grill (https://www.rmgrill.com/), a restaurant business located in Columbia, Maryland. Keskin Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17696) on August 1, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $50,000 and $100,000. The Debtor is represented by Michael Patrick Coyle, Esq. at The Coyle Law Group LLC. KEYLINK ENTERPRISES: Seeks Chapter 11 Bankruptcy in California -------------------------------------------------------------- On September 2, 2025, Keylink Enterprises filed Chapter 11 protection in the Central District of California. According to court filing, the Debtor reports $1,200,000 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Keylink Enterprises Keylink Enterprises operates in the real estate sector, focusing on investment and property management activities. Keylink Enterprises sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-12456) on September 2, 2025. In its petition, the Debtor reports total assets of $300,000 and total liabilities of $1,200,000. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by Yang Wenyao, Esq. at CONCORD & SAGE PC. L & D CAFE: Seeks to Hire Lorium Law as Bankruptcy Counsel ---------------------------------------------------------- L & D Cafe, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Chad P. Pugatch, Esq., and Lorium Law as counsel. The firm will render these services: (a) give advice to the Debtor with respect to its powers and duties as a debtor in possession under Chapter 11 and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare and/or defend motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan and confirmation of same. The firm received a retainer of $19,406. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Chad Pugatch, Esq., a partner at Lorium Law, 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: Chad P. Pugatch, Esq. Lorium Law 197 S. Federal Hwy, Suite 200 Boca Raton, FL 33432 Tel: (561) 361-1000 Fax: (561) 672-7581 Email: CPugatch@loriumlaw.com About L & D Cafe Inc. L & D Cafe, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19748-PDR) on August 22, 2025. In the petition signed by Constantine N. Manos, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Peter D. Russin oversees the case. Chad P. Pugatch, Esq., at Lorium Law represents the Debtor as bankruptcy counsel. LASEN INC: U.S. Trustee Unable to Appoint Committee --------------------------------------------------- The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Lasen, Inc. About Lasen Inc. Lasen Inc. develops and operates airborne LiDAR systems for leak detection and pipeline inspections across North America. Its proprietary Airborne LiDAR Pipeline Inspection System (ALPIS) identifies methane leaks with high accuracy and efficiency, supporting right-of-way and transmission line monitoring. Founded in 1989, LaSen has inspected over 500,000 miles of pipeline and specializes in remote sensing technologies adapted from U.S. defense applications. Lasen Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-05316) on June 11, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Brenda K. Martin handles the case. The Debtor is represented by Randy Nussbaum, Esq., at The Cavanagh Law Firm, P.A. LET'S REPAIR: Seeks to Hire Neeleman Law Group as Legal Counsel --------------------------------------------------------------- Let's Repair LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Neeleman Law Group PC will receive an hourly rate of $600 for attorney fees for principals, $475 for associates, and $250 for paralegals. The firm received a retainer in the amount $6,738. Neeleman Law Group PC is a "disinterested person" within the meaning of Section 101 of the Bankruptcy Code, according to court filings. The firm can be reached at: Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP PC 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Let's Repair LLC Let's Repair LLC, doing business as Cellairis, a mobile device repair and accessories business located in Bellingham, Washington. Let's Repair LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12150) on August 1, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Timothy W. Dore handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq. and Thomas D. Neeleman, Esq. at Neeleman Law Group PC. LIFESCAN GLOBAL: Committee Taps Province LLC as Financial Advisor ----------------------------------------------------------------- The official committee of unsecured creditors of LifeScan Global Corporation and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Province, LLC as its financial advisor. The firm's services include: (a) becoming familiar with and analyzing the Debtors' DIP budget, assets and liabilities, and overall financial condition; (b) reviewing financial and operational information furnished by the Debtors; (c) monitoring the sale process, interfacing with the Debtors' professionals, and advising the Committee regarding the process; (d) scrutinizing the economic terms of various agreements, including, but not limited to, various professional retentions; (e) analyzing the Debtors' proposed business plans and developing alternative scenarios, if necessary; (f) assessing the Debtors' various pleadings and proposed treatment of unsecured creditor claims therefrom; (g) preparing, or reviewing as applicable, avoidance action and claim analyses; (h) assisting the Committee in reviewing the Debtors' financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, DIP budgets, and monthly operating reports; (i) advising the Committee on the current state of these chapter 11 cases; (j) advising the Committee in negotiations with the Debtors and third parties as necessary; (k) if necessary, participating as a witness in hearings before the Court with respect to matters upon which Province has provided advice; and (l) providing other activities as are approved by the Committee, the Committee's counsel, and as agreed to by Province. Province will be paid at these rates: Managing Directors and Principals $850 to $1,450 per hour Vice Presidents, Directors, and Senior Directors $700 to $1,050 per hour Analysts, Associates, and Senior Associates $350 to $825 per hour Paraprofessional / Admin $270 to $450 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Paul Navid, a partner at Province, 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 at: Paul Navid, Esq. Province, LLC 2360 Corporate Circle, Suite 340 Henderson, NV 89074 Tel: (702) 685-5555 About LifeScan Global Corporation LifeScan delivers personalized health, wellness, and digital solutions to individuals living with diabetes. Since 1981, LifeScan has advanced glucose care and diabetes management with pioneering technologies and new products, and is actively engaged in designing, developing, manufacturing, and marketing devices, software, and applications. Its comprehensive portfolio of diabetes-related products and services includes blood glucose monitoring devices, blood glucose test strips, lancing devices, and digital applications. LifeScan Global Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90259) on July 15, 2025. As of the Petition Date, the Debtors have approximately $786 million assets and approximately $1.7 billion in liabilities. Judge Alfredo R Perez presides over the case. Megan Young-John and John F Higgins, IV at Porter Hedges LLP, represent the Debtor as legal counsel. Milbank LLP as co-counsel. PJT Partners LP as investment banker. LILLY INDUSTRIES: Court Extends Cash Collateral Access to Nov. 30 ----------------------------------------------------------------- Lilly Industries, Inc. was granted a three-month extension by the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, to use cash collateral. The court's order authorized the Debtor's interim use of cash collateral from September 1 to November 30 to pay the expenses set forth in its budget, with a 10% variance allowed. As protection for the Debtor's use of its cash collateral, the U.S. Small Business Administration was granted a replacement lien on revenues generated by the Debtor after the petition date. In addition, SBA will continue to receive a monthly payment of $5,129 as further protection. 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. LINQTO TEXAS: Committee Taps Orrick Herrington as Co-Counsel ------------------------------------------------------------ The Official Committee of Unsecured Creditors of Linqto Texas, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to retain Orrick, Herrington & Sutcliffe LLP as co-counsel. Orrick will provide these legal services: (a) advise the Committee with respect to its rights, powers and duties in the Chapter 11 cases; (b) assist, advise and represent the Committee in analyzing the Debtors’ assets and liabilities and negotiating with creditors; (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 representatives of the Debtors; (e) examine and analyze the conduct of the Debtors' affairs; (f) assist in the review, analysis and negotiation of any plan(s) and related disclosure statements; (g) investigate and determine the value of unencumbered assets; (h) analyze and negotiate the budget and monitor financial performance; (i) assist with creditor communications; (j) review and analyze work product of the Debtors' advisors; (k) provide legal advice in relation to the Chapter 11 cases; (l) prosecute actions and negotiate litigation; (m) prepare and file necessary pleadings and papers on behalf of the Committee; (n) appear in court as appropriate; (o) advise on securities law and regulatory matters; (p) review discovery documents; (q) provide legal advice on local rules, practices, and procedures including Fifth Circuit law; (r) perform such other legal services as required; (s) provide services in any area where Brown Rudnick has a conflict; and (t) offer additional legal assistance upon request, without duplicating the work of Brown Rudnick or other professionals. Orrick has agreed to a 10% discount off its hourly billing rates. After discount, the rates are: -- $1,359 to $1,705.50 for partners -- $1,314 for counsel -- $873 to $1,278 for associates -- $243 to $544.50 for paraprofessionals -- $360 for project attorneys -- $76.50 for contract attorneys According to court filings, Orrick is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, and it will not represent any entity other than the Committee in matters related to these Chapter 11 cases. Orrick can be contacted at: Lauren Macksoud, Esq. Matthew Shapiro, Esq. Joseph L. Choi, Esq. Charles E. Persons, Esq. ORRIK, HERRINGTON & SUTCLIFFE LLP 51 West 52nd Street New York, NY 10019-6142 Telephone: (212) 506-5000 Facsimile: (212) 506-5151 E-mail: lmacksoud@orrick.com mshapiro@orrick.com josephchoi@orrick.com cpersons@orrick.com About Linqto Inc. Linqto Inc. is a San Jose-based financial technology company operating in the alternative investment space. Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90187) on July 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $500 million and $1 billion. The Debtor is represented by Gabrielle A. Hamm, Esq. at Schwartz, PLLC. Breakpoint Partners LLC is the Debtor's restructuring advisor. Epiq Corporate Restructuring, LLC is the Debtor's claims agent. ThroughCo Communications, LLC is the Debtor's public relations agent. LITHIA MOTORS: S&P Rates New $500MM Senior Unsecured Notes 'BB+' ---------------------------------------------------------------- S&P Global Ratings assigned its 'BB+' issue-level rating and '4' recovery rating to Lithia Motor Inc.'s proposed $500 million senior unsecured notes due 2030. The '4' recovery rating indicates its expectation of average (30%-50%; rounded estimate: 35%) recovery in the event of a payment default. S&P's 'BB+-' issue-level rating and '4' recovery rating on the company's existing senior unsecured debt are unchanged. The company plans to use the proceeds from this issuance to partially repay outstanding borrowings under the revolving lines of credit (currently about $1.79 billion) and for general corporate purposes. Lithia's leverage will not materially increase and the recovery prospects for its senior unsecured noteholders will remain mostly unchanged. Therefore, S&P believes the transaction is largely leverage neutral and rate the new senior unsecured notes the same as its issue-level rating on the company's existing senior unsecured debt. The new unsecured notes provide the company with more capacity for acquisitions on its revolver. While the company has backed off its target to reach $50 billion of revenue by 2025, its pace of acquisitions has not yet slowed down. It spent about $1.2 billion on acquisitions in both 2023 and 2024 and indicated it will continue to acquire $2 billion-$4 billion of revenue per year. However, the company indicated lower acquisition investments could mean more share buybacks. Lithia bought back $366 million of shares in 2024 and has spent $263 million on buybacks in in the first half of 2025. S&P expects Lithia's leverage will remain around 3.6x and forecast its FOCF to debt will remain 11%-12% over the next three years, in line with our issuer credit rating on the company. MANE SOURCE: Gets Extension to Access Cash Collateral ----------------------------------------------------- Mane Source Counseling, PLLC received another extension from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Greenville Division to use cash collateral. The seventh interim order signed by Judge David Warren authorized the Debtor to use cash collateral to pay the expenses set forth in its 30-day budget pending a further hearing on September 25. The Debtor may spend as much as 10% more if needed. The budget projects total operational expenses of $7,478.50 for September. As adequate protection, potential secured creditors will receive post-petition liens on the Debtor's cash and inventory to the extent that cash collateral is used and their pre-bankruptcy lien was valid, perfected, enforceable, and non-avoidable as of the petition date. The Debtor's authority to use cash collateral will terminate upon cessation of its operations or non-compliance with the interim order, whichever occurs first. About Mane Source Counseling PLLC Mane Source Counseling, PLLC provides counseling and wellness services with the help of five horses used in therapy sessions. Mane Source Counseling sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-00833) on March 7, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. Cheryl Meola, company owner, signed the petition. Judge David M. Warren oversees the case. The Debtor is represented by: Kathleen O'Malley, Esq. Stevens Martin Vaughn & Tadych, PLLC 2225 W. Millbrook Road Raleigh, NC 27612 Phone: 919-582-2300 Fax: (866) 593-7695 Email: komalley@smvt.com MARFA CABINETS: Hires Gregory K. Stern as Legal Counsel ------------------------------------------------------- Marfa Cabinets LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Gregory K. Stern, Dennis E. Quaid, Monica C. O'Brien, and Rachel S. Sandler of Gregory K. Stern, P.C. as legal counsel in its Chapter 11 case. The firm will provide these services: (a) review assets, liabilities, loan documentation, account statements, executory contracts and other relevant documentation; (b) prepare the list of creditors, list of twenty largest unsecured creditors, schedules and statement of financial affairs; (c) give the Debtor legal advice with respect to its powers and duties as Debtor in Possession; (d) assist the Debtor in the preparation of schedules, statement of affairs and other necessary documents; (e) prepare applications to employ professionals, motions for turnover, cash collateral usage, property sale/lease, and other pleadings; (f) negotiate with creditors and attend court hearings and meetings; (g) review proofs of claim and solicit creditors' acceptances of a plan; and (h) perform all other legal services necessary to achieve the Debtor's reorganization goals. The attorneys will be compensated at these hourly rates $650 for Gregory K. Stern; $550 for Dennis E. Quaid and Monica C. O'Brien; and $450 for Rachel S. Sandler. The firm received a $25,000 retainer before the filing. According to court filings, the firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Gregory K. Stern, Esq. Dennis E. Quaid, Esq. Monica C. O'Brien, Esq. Rachel S. Sandler, Esq. GREGORY K. STERN, P.C. 53 West Jackson Boulevard, Suite 1442 Chicago, IL 60604 Telephone: (312) 427-1558 About Marfa Cabinets LLC Marfa Cabinets LLC, formerly Marfa Cabinets, Inc., is a Chicago-based manufacturer of high-end kitchen cabinets and bathroom vanities that combines modern and traditional design elements to produce custom residential cabinetry. The Company operates a manufacturing facility in Illinois where an in-house team of designers and craftsmen produce cabinets and vanities using European-sourced materials from Italy and Spain and equipment imported from Europe. Marfa Cabinets operates in the household furniture and kitchen cabinet manufacturing sector, supplying custom, made-in-USA cabinetry for premium residential projects. Marfa Cabinets LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-12238) on August 11, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. MARI ARI: Court Extends Cash Collateral Access to Sept. 27 ---------------------------------------------------------- Mari Ari International, Inc. received another extension from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral. The court authorized the Debtor to use its cash collateral to fund operations for the period from August 28 to September 27 in accordance with its budget. The Debtor's four-week budget shows total operational expenses of $60,328.78. As adequate protection, pre-bankruptcy secured lenders will continue to have the same liens, encumbrances and security interests in the cash collateral generated or created after the Debtor's Chapter 11 filing, plus the proceeds thereof, as existed prior to the filing date. These liens are subject and subordinate to a fee carveout. The lenders are NewTek Bank, N.A., Mink Hair Ltd, WebBank (CHTD), Forward Financing, LLC, Legend Advance Funding II, LLC, Square Capital, LLC, Simply Funding, LLC and the U.S. Small Business Administration. The next hearing is scheduled for September 23. 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 of Mari Ari International, signed the petition. Judge Eduardo V. Rodriguez oversees the case. Reese Baker, Esq., at Baker & Associates, represents the Debtor as legal counsel. NewTek Bank, N.A., as lender, is represented by: Lisa A. Powell, Esq. FisherBroyles, LLP 2925 Richmond, Ave., Suite 1200 Houston, TX 77098 Phone: (713) 955-3302 Fax: (713) 488-9412 lisa.powell@fisherbroyles.com MASS POWER: Court Extends Cash Collateral Access to Sept. 18 ------------------------------------------------------------ The U.S. Bankruptcy Court for the District of Massachusetts issued a proceeding memorandum and order extending Mass Power Solutions, LLC's authority to use cash collateral. The Debtor was authorized to use cash collateral on an interim basis through September 18 under the same terms and conditions previously established. The next hearing is scheduled for September 18. About Mass Power Solutions LLC Mass Power Solutions, LLC is an electrical contracting company specializing in renewable energy solutions, including solar project design, installation, and management, serving both residential and commercial clients. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-40234) on March 5, 2025. In the petition signed by Ryan Lane, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Elizabeth D. Katz oversees the case. John O. Desmond, Esq., represents the Debtor as legal counsel. MIDTOWN VENTURES: Court Directs Abandonment of Tampa Properties --------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, has denied Midtown Venture Group LLC's motion for authority to sell Property, free and clear of liens, claims, and encumbrances. The Debtor, which continues to operate as a debtor-in-possession, is a Florida limited liability company that owns a number of residential income-producing real estate properties. The Debtor owns two properties: -- 906 E. 123rd Ave. Tampa, FL 33612 -- 905 E. 124th Ave. Tampa, FL 33612 The Debtor has received an offer from Bell Holdings, LLC to purchase the Properties for $527,000.00, with closing to occur on or before August 29, 2025. By the Sale Motion, the Debtor seeks authority to sell the Properties for a gross purchase price of $527,000.00, with all of the net sale proceeds from the sale to be paid to Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as owner trustee for Verus Securitization Trust 2023-8 and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as owner trustee for Verus Securitization Trust 2023-INV3, and allocated equally to each of the Properties. At the Hearing, the Debtor proffered testimony that the Purchaser is unrelated to the Debtor or its members, and that the Debtor did not seek to pay any commissions to a seller-related broker under the Sale Motion. Wilmington objected to the sale without its consent, and did not consent to the sale. Because the Court did not find that a sale would provide a material benefit to the estate other than the paydown of the Wilmington debt, and that Wilmington did not consent to the sale, the Debtor made an Ore Tenus Motion to Abandon the Properties. The Court has denied the Debtor's sale motion, however, the motion to abandon was granted. The Debtor is authorized to immediately abandon any interest of the estate in the Properties, 906 East 123rd Avenue, Tampa, FL 33612 and 905 E. 124th Avenue, Tampa, FL 33612, to Wilmington (respectively) without further order or notice. The termination of the Automatic Stay as to the 906 East 123rd Avenue Property and 905 East 124th Avenue Property is entered for the sole purpose of allowing Wilmington to pursue its lawful remedies and Wilmington shall neither seek nor obtain personal judgment against Debtor. The 906 East 123rd Avenue Property and 905 East 124th Avenue Property are removed from the requirements by Debtor and Wilmington under the Order Setting Trial and Establishing Deadlines on Motion For Use of Cash Collateral and Related Motions to Lift Stay. The Debtor's First Request For Production to Wilmington are deemed withdrawn. About Midtown Venture Group LLC Midtown Venture Group, LLC, a company in Tampa, Fla., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04163) on June 20, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Judge Roberta A. Colton handles the case. Daniel R. Fogarty, Esq., at Stichter, Riedel, Blain & Postler, P.A., is the Debtor's legal counsel. Wilmington Savings Fund Society FSB, as lender, is represented by Dana L. Robbins-Boehner, Esq., at Burr & Forman LLP, in Tampa, Florida. UMB Bank National Association, as lender, is represented by Jennifer Laufgas, Esq., at Aldridge Pite, LLP, in Atlanta, Georgia. Community Loan Servicing, LLC, as lender, is represented by Jason Todd Corsover, Esq., at Kopelowitz Ostrow Ferguson Weiselberg Gilbert, in Fort Lauderdale, Florida. MILLENKAMP CATTLE: O'Melveny Represented Creditors' Committee ------------------------------------------------------------- O'Melveny & Myers LLP represented the Official Committee of Unsecured Creditors in the Chapter 11 cases of Millenkamp Cattle, Inc., one of the nation's largest dairy feeder and milking operations with more than 100,000 head of cattle and 20,000 acres of farmland in Idaho. With nearly US$400 million in total debt at stake, O'Melveny negotiated and helped confirm a fully consensual plan of reorganization that became effective on September 1, 2025. Under the confirmed plan, the company's general unsecured creditors will receive 100% principal repayment over five years while earning 7% quarterly cash interest and payoff incentives. "The O'Melveny team is proud to have guided the Millenkamp Committee through a reorganization of the Debtors' complex agribusiness operations and the multifaceted negotiations with stakeholders -- delivering a fantastic outcome for unsecured creditors," said partners Julian Gurule and Matthew Kremer, who led the O'Melveny team representing the Millenkamp Committee. The O'Melveny team also included counsel Gabriel L. Olivera and associate Nicole Molner. About Millenkamp Cattle Millenkamp Cattle Inc., is part of a family-owned agriculture business that can produce more than 1 million pounds of milk per day. Millenkamp Cattle Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Idaho Lead Case No. 24-40158) on April 2, 2024. In the petitions filed by William J. Millenkamp, manager, Millenkamp Cattle estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. Judge Noah G. Hillen oversees the cases. The Debtors tapped Matthew T. Christensen, Esq., at Johnson May, PLLC, as bankruptcy counsel and Givens Pursley as special counsel. MOORE HOLDINGS: Updates Unsecured Claims Pay Details ---------------------------------------------------- Moore Holdings, LLC submitted an Amended Disclosure Statement describing Amended Plan of Liquidation dated August 27, 2025. The Debtor is a California limited liability company engaged in the ownership and leasing of commercial real estate. The Debtor is the co-owner of a two-story multi-tenant commercial office building located at 2151 Professional Drive, Roseville, CA, 95661 (the "Real Property"). The Real Property is held jointly, with the Debtor owning a 51% interest and Innerscope Hearing Technologies, Inc. owning the remaining 49%. The Debtor has engaged a licensed real estate broker to market and sell the Property. The Bankruptcy Court has approved employment of a licensed real estate broker who has listed the Property and entered into a contract for sale subject to Court approval in the amount of $2,850,000.00. The Debtor has filed a motion for order authorizing sale of real commercial property free and clear of liens, allowing and compensation of broker; and waiver of 14-day stay period. While actively pursuing a sale of the Real Property, the Debtor continues to operate by managing and maintaining the Property and collecting rental income from existing tenants. This ongoing rental activity has improved the Debtor's cash position and supports interim operations, including payment of some administrative expenses, while maximizing value for the estate during the sale process. The sale of the Property forms the core of the Debtor's Chapter 11 Plan of Liquidation. The Debtor believes that the Property's current value, increasing occupancy, and strong market interest provide a solid foundation for successful Plan execution and full payment to all allowed claims. This Amended Plan of Reorganization proposes to pay creditors of the Debtor in Possession from the sale of property of the estate and from any income available from ongoing rental income. This Plan provides for 3 classes of secured claims, 3 classes of unsecured claims, and 1 class for the interest of the Debtor. Unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 100 cents on the dollar. This Plan also provides for the payment of administrative and priority claims. Classes of General Unsecured Claims Class 5 General Unsecured Creditor Gunster, Cooper-Marquez & Freitas (Allowed). No claim has been filed. This claim is scheduled as claim 3.1 in Debtor's amended Schedule F, filed March 14, 2025. This class is unimpaired due to the claim being a security deposit. Debtor anticipates selling the real property commonly known as 2151 Professional Drive, Roseville, CA. Each holder of a Class 3 claim will be paid in full on the Initial Distribution Date (defined in the Plan as the first Business Day no later than 30 days after the Sale Closing. Class 5 General Unsecured Creditor Sehatu, Inc. (Allowed). No claim has been filed. This claim is scheduled as claim 3.2 in Debtor's amended Schedule F, filed March 14, 2025. This class is unimpaired due to the claim being a security deposit. Debtor anticipates selling the real property commonly known as 2151 Professional Drive, Roseville, CA. Each holder of a Class 3 claim will be paid in full on the Initial Distribution Date (defined in the Plan as the first Business Day no later than 30 days after the Sale Closing. Class 5 General Unsecured Creditor The Logan Group (Allowed). No claim has been filed. This claim is scheduled as claim 3.3 in Debtor's amended Schedule F, filed March 14, 2025. This class is unimpaired due to the claim being a security deposit. Debtor anticipates selling the real property commonly known as 2151 Professional Drive, Roseville, CA. Each holder of a Class 3 claim will be paid in full on the Initial Distribution Date (defined in the Plan as the first Business Day no later than 30 days after the Sale Closing. Allowed Class 5 claims total $5,383.00. The source of funds to carry out the Plan shall be from the sale of the Property commonly known as 2151 Professional Drive, Roseville, CA, 95661 (the "Property"), cash on hand, and/or the accounts receivable from InnerScope Hearing Technologies for past due rent, which InnerScope has begun repaying through monthly payments. A full-text copy of the Amended Disclosure Statement dated August 27, 2025 is available at https://urlcurt.com/u?l=45kGFR from PacerMonitor.com at no charge. Counsel to the Debtor: Stephan M. Brown, Esq. Muhammed Yakup Altun, Esq. The Bankruptcy Group, P.C. 2408 Professional Drive Roseville, CA 95661 Tel: (800) 920-5351 Fax: (916) 242-8588 Email: ECF@thebklawoffice.com About Moore Holdings LLC Moore Holdings, LLC, is a single asset real estate company headquartered in Roseville, California. Moore Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-20053) on Jan. 8, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Ronald H. Sargis handles the case. Stephan M. Brown, Esq., at The Bankruptcy Group, P.C., is the Debtor's legal counsel. MOSAIC COMPANIES: Committee Taps Caplin & Drysdale as Co-Counsel ---------------------------------------------------------------- The Official Committee of Unsecured Creditors of Mosaic Companies, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to retain Caplin & Drysdale, Chartered as its co-counsel, effective nunc pro tunc as of July 24, 2025. Caplin & Drysdale will perform these services: (a) prepare all necessary motions, applications, pleadings, memoranda, proposed orders, reports, and other legal documents on behalf of the Committee; (b) assist and advise the Committee regarding its powers and duties under the Bankruptcy Code; (c) attend meetings and negotiate with representatives of the Debtors, insurers, and other parties in interest; (d) represent the Committee in proceedings before the Court and any appellate courts; (e) protect and maximize the value of the Debtors' estates through litigation and negotiations; (f) examine and analyze the Debtors' conduct and financial affairs; (g) represent the Committee in connection with the negotiation and preparation of a Chapter 11 plan and related documents; (h) assist with plan solicitation efforts; (i) review and analyze filings by the Debtors or other parties, and object or consent where appropriate; (j) coordinate the receipt and dissemination of information from the Debtors' and Committee's professionals; (k) advise the Committee in communicating with creditors; and (l) perform all other necessary legal services and provide legal advice in connection with the Chapter 11 cases. Caplin & Drysdale will be paid at these hourly rates: -- Members and Senior Counsel: $695 to $1,970 -- Of Counsel: $715 to $1,510 -- Associates: $435 to $760 -- Paralegals: $400 to $595 The firm is a "disinterested person" as defined by Section 101(14) of the Bankruptcy Code, according to court filings. Caplin & Drysdale made these disclosures in response to the 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. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: Caplin & Drysdale has not represented the Committee in the 12 months prepetition. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: Yes. For the period from July 24, 2025, through October 3, 2025. The firm can be reached at: Kevin C. Maclay, Esq. Jeffrey A. Liesemer, Esq. James P. Wehner, Esq. CAPLIN & DRYSDALE, CHARTERED One Thomas Circle, NW, Suite 1100 Washington, DC 20005 Telephone: (202) 862-5000 Facsimile: (202) 429-3301 E-mail: kmaclay@capdale.com jliesemer@capdale.com jwehner@capdale.com About Mosaic Companies, LLC Mosaic Companies, LLC operates as an investment holding company. The Company focuses on omnichannel platform specializes in decorative surfaces, floor tiles, slabs, glass mosaic, and flooring products. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 25-11296) on July 8, 2025. At the time of filing, the Debtor estimated $10,000,001 to $50 million in assets and $100,000,001 to $500 million in liabilities. Judge Craig T Goldblatt presides over the case. Sophie Rogers Churchill, at Morris, Nichols, Arsht & Tunnell LLP, is the Debtor's counsel. MOSAIC COMPANIES: Committee Taps Robinson as Legal Counsel ---------------------------------------------------------- The Official Committee of Unsecured Creditors of Mosaic Companies, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Robinson & Cole LLP to serve as their legal counsel. Robinson & Cole LLP will provide these services: (a) advise the Committee with respect to its powers and duties under the Bankruptcy Code, Bankruptcy Rules, and Local Rules; (b) assist and advise the Committee in evaluating the Debtors' Chapter 11 filing; (c) assist and advise the Committee in discussions with the Debtors and other parties-in-interest regarding case administration; (d) assist and advise the Committee in examining and analyzing the Debtors' conduct and affairs; (e) analyze and represent the Committee with respect to causes of action belonging to the Debtors' estates, including pre-petition transactions and arrangements; (f) assist in analyzing the Debtors' corporate structure, financial condition, operations, and disclosures; (g) review and respond to pleadings filed in the cases; (h) prepare necessary applications, motions, and proposed orders in support of Committee positions; (i) represent the Committee at hearings and communicate matters back to the Committee; (j) coordinate with other professionals and parties-in-interest; (k) manage receipt and dissemination of case information; (l) participate in examinations of the Debtors and other witnesses; (m) negotiate and formulate a plan of reorganization; (n) provide general legal services in support of the Committee's duties; (o) ensure compliance with local rules and filing obligations; (p) advise on the sale and liquidation of Debtors' assets; and (q) perform additional legal services as required. Robinson & Cole LLP will be compensated on an hourly basis in accordance with Sections 330 and 331 of the Bankruptcy Code. The firm's standard hourly rates for professionals expected to assist in this matter are: -- Natalie D. Ramsey (Partner): $2015 -- Jamie Edmonson (Partner): $1300 -- Laurie Krepto (Counsel): $1075 -- Evan M. Lazerowitz (Counsel): $1075 -- Richard E. Willi III (Associate): $625 -- Margaret A. Goggins (Associate): $575 -- Alyssa Merkey (Paralegal): $500 The hourly rates for R+C professionals are: -- Partners/Counsel: $1075 to $2015 -- Associates: $525 to $675 -- Paralegals: $425 to $500 Robinson & Cole LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. Pursuant to paragraph D, section 1 of the Revised U.S. Trustee Guidelines, R+C responds to the questions set forth therein as follows: 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. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: R+C did not represent the Committee prepetition. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: Yes. For the period from July 24, 2025, through October 3, 2025. The firm can be reached at: Natalie D. Ramsey, Esq. ROBINSON & COLE LLP 1650 Market Street, Suite 3030 Philadelphia, PA 19103 Telephone: (215) 398-0560 E-mail: nramsey@rc.com - and - Jamie L. Edmonson, Esq. ROBINSON & COLE LLP 1201 North Market Street, Suite 1406 Wilmington, DE 19801 Telephone: (302) 516-1700 E-mail: jedmonson@rc.com About Mosaic Companies, LLC Mosaic Companies, LLC operates as an investment holding company. The Company focuses on omnichannel platform specializes in decorative surfaces, floor tiles, slabs, glass mosaic, and flooring products. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 25-11296) on July 8, 2025. At the time of filing, the Debtor estimated $10,000,001 to $50 million in assets and $100,000,001 to $500 million in liabilities. Judge Craig T Goldblatt presides over the case. Sophie Rogers Churchill, at Morris, Nichols, Arsht & Tunnell LLP, is the Debtor's counsel. MOSAIC COMPANIES: Hires Province LLC as Financial Advisor --------------------------------------------------------- The Official Committee of Unsecured Creditors of Mosaic Companies, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Province LLC to serve as financial advisor in the jointly administered Chapter 11 cases. Province will provide these services: (a) becoming familiar with and analyzing the Debtors' DIP budget, assets and liabilities, and overall financial condition; (b) reviewing financial and operational information furnished by the Debtors; (c) monitoring the sale process, interfacing with the Debtors' professionals, and advising the Committee regarding the process; (d) scrutinizing the economic terms of various agreements, including, but not limited to, various professional retentions; (e) analyzing the Debtors' proposed business plans and developing alternative scenarios, if necessary; (f) assessing the Debtors' various pleadings and proposed treatment of unsecured creditor claims therefrom; (g) assisting the Committee's investigation of the acts, conduct, assets, liabilities and financial condition of the Debtors and their affiliates, including certain transactions preceding the bankruptcy filing and the formation of the Debtors; (h) analyzing claims against the Debtors and non-Debtor affiliates; (i) assisting and advising the Committee and counsel regarding the identification and prosecution of estate claims, including in connection with any issues regarding the filing of the case and the propriety of the filing; (j) assisting and advising the Committee in its review and analysis of, and negotiations with the Debtors and non-Debtor affiliates related to, intercompany transactions and claims; (k) preparing, or reviewing as applicable, avoidance action and claim analyses; (l) assisting the Committee in reviewing the Debtors' financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, DIP budgets, and monthly operating reports; (m) advising the Committee on the current state of these chapter 11 cases; (n) preparing and updating waterfall analyses and the components thereof for the Committee to analyze potential claims recoveries under various scenarios; (o) advising the Committee in negotiations with the Debtors and third parties as necessary; (p) if necessary, participating as a witness in hearings before the Court with respect to matters upon which Province has provided advice; and (q) providing other activities as are approved by the Committee, the Committee's counsel, and as agreed to by Province. Province's current standard hourly rates are: -- Managing Directors and Partners: $850 to $1,450 -- Vice Presidents, Directors, and Senior Directors: $700 to $1,050 -- Analysts, Associates, and Senior Associates: $350 to $825 -- Paraprofessional / Admin: $270 to $450 Province LLC 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: Province LLC 2360 Corporate Circle, Suite 340 Henderson, NV 89074 Telephone: (702) 685-5555 E-mail: info@provincefirm.com About Mosaic Companies, LLC Mosaic Companies, LLC operates as an investment holding company. The Company focuses on omnichannel platform specializes in decorative surfaces, floor tiles, slabs, glass mosaic, and flooring products. The Debtor filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 25-11296) on July 8, 2025. At the time of filing, the Debtor estimated $10,000,001 to $50 million in assets and $100,000,001 to $500 million in liabilities. Judge Craig T Goldblatt presides over the case. Sophie Rogers Churchill, at Morris, Nichols, Arsht & Tunnell LLP, is the Debtor's counsel. MOUNTAIN SPORTS: Seeks to Extend Plan Exclusivity to October 28 --------------------------------------------------------------- Mountain Sports, LLC and its affiliates asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to October 28 and December 29, 2025, respectively. The Debtors explain that extension of the Exclusive Periods is justified by the good faith progress the Debtors and the Committee are making toward liquidating and collecting any remaining assets of the estates; reviewing filed and scheduled claims, reconciling and objecting thereto where appropriate; calculating liquidation analyses; and formulating the basis of a viable plan in these cases. In particular, the Debtors are presently negotiating the settlement of certain claims and actively working towards investigating the validity of certain claims. Additionally, the Debtors and the Committee are working together to identify certain assets that need to be monetized and collected by the Estates. Further, the Debtors and Committee have agreed as to the parameters of, and are drafting, the joint plan to be submitted to the Court. The Debtors assert that there is sufficient "cause" for an extension of the Exclusive Periods. The Debtors claim that the extension of the Exclusive Periods will afford the companies, Committee, and all other parties in interest an opportunity to fully develop the grounds upon which a plan can be based following the payment in full of PNC. Terminating the Exclusive Periods prematurely would defeat the very purpose of section 1121 of the Bankruptcy Code, to afford the Debtors a meaningful and reasonable opportunity to negotiate with creditors and propose and confirm a consensual plan. Accordingly, the Debtors should be afforded a full and fair opportunity to propose, negotiate, and seek acceptance of a chapter 11 plan. The Debtors submit that the requested extension is realistic and necessary, will not prejudice the legitimate interests of creditors and other parties in interest, and will afford it a meaningful opportunity to pursue a consensual plan, all as contemplated by chapter 11 of the Bankruptcy Code. The Debtors assert that they are paying their bills as they become due, have resolved and paid, or are working to resolve, administrative claims that were filed with the Court. Additionally, the Debtors are reviewing the claims filed with their claims agent, some of which include an administrative claim portion, and will pay such administrative claims as they are reviewed and adjudicated, if necessary. This factor favors the Debtors' request for an extension of exclusivity. Counsel for the Debtors: GOLDSTEIN & MCCLINTOCK LLLP Maria Aprile Sawczuk, Esq. 501 Silverside Road, Suite 65 Wilmington, DE 19809 Telephone: (302) 444-6710 Email: marias@goldmclaw.com - and - Matthew E. McClintock, Esq. William Thomas, Esq. 111 W. Washington Street, Suite 1221 Chicago, IL 60602 Telephone: (312) 337-7700 Email: mattm@goldmclaw.com willt@goldmclaw.com About Mountain Sports Mountain Sports LLC, doing business as Bob's Stores, Eastern Mountain Sports, EMS, and Sport Chalet, is a sporting goods, hobby and musical instrument retailer. Mountain Sports LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-11385) on June 18, 2024. In the petitions filed by David Barton, authorized representative, Mountain Sports disclosed between $10 million and $50 million in both assets and liabilities. Judge Mary F. Walrath oversees the cases. The Debtors tapped Goldstein & McClintock LLLP as counsel, and Silverman Consulting as financial advisor. The Office of the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors. The committee tapped Lowenstein Sandler, LLP as bankruptcy counsel and Morris James LLP as Delaware counsel. MUNAWAR LAW: Seeks Court Approval to Hire MI Tax LLC as Accountants ------------------------------------------------------------------- Munawar Law Group PLLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire MI Tax LLC to serve as accountants in its Chapter 11 case. MI Tax LLC will provide these services: (a) prepare financial records, operating reports, balance sheets, liquidation analysis and other financial documents needed in this Chapter 11 case; (b) prepare monthly operating reports; (c) prepare tax returns; (d) perform payroll review; and (e) provide any other accounting work necessary in this Chapter 11 case. MI Tax LLC will receive a flat rate of $300 per month, with an additional $750 per Court appearance. The monthly fee includes all work performed by Mark Idrees and employees at the firm. This discounted amount is based on the anticipated time required, including at least 4 hours of work by Mr. Idrees at $125 per hour and 6 hours of work by two accountants at $125 per hour. MI Tax LLC 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: Mark Idrees, EA MI Tax LLC 320 Post Ave, Suite 108 Westbury, NY 11590 Telephone: (516) 500-5000 Email: mark@mitaxins.com About Munawar Law Group Munawar Law Group PLLC is operating as a legal services firm with offices in New York City and Jericho, New York. Munawar Law Group PLLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10020) on January 7, 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 David S. Jones handles the case. The Debtor tapped Ronald D. Weiss, Esq., as counsel and MI Tax LLC as accountants. MY STORE-SOLWAY: Seeks Subchapter V Bankruptcy in Minnesota ----------------------------------------------------------- On September 2, 2025, My Store-Solway Inc. filed Chapter 11 protection in the District of Minnesota. According to court filing, the Debtor reports $1,249,346 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About My Store-Solway Inc. My Store-Solway Inc. owns and operates a convenience store and gasoline station at 4895 Jones Townhall Road NW, Solway, Minnesota, serving local residents and travelers with fuel, snacks, and essential supplies. My Store-Solway Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-60537) on September 2, 2025. In its petition, the Debtor reports total assets of $156,000 and total liabilities of $1,249,346. The Debtor is represented by Kesha Tanabe, Esq. at VOGEL LAW FIRM. NIBA DESIGNS: Hires Van Horn Law Group P.A. as Bankruptcy Counsel ----------------------------------------------------------------- NIBA Designs Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Van Horn Law Group, P.A. as counsel. The firm will provide these services: a. give advice to the debtor with respect to its powers and duties as a debtor in possession and the continued management of its business operations; b. advice the debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and reporting Requirements and with the rules of the court; c. prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; d. protect the interest of the debtor in all matters pending before the court; and e. represent the debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these rates: Chad Van Horn $500 per hour Law clerks/Paralegals/Associates $175 to $350 per hour Prior to the filing of this case, the firm was paid a retainer in the amount of $410,000 plus $2,500 for the filing fee and costs for a total amount of $12,500. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Chad T. Van Horn, Esq., a partner at Van Horn Law Group, P.A., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Chad T. Van Horn, Esq. Van Horn Law Group, PA 500 NE 4th Street, Suite 200 Fort Lauderdale, FL 33301 Tel: (561) 621-1360 Email: info@cvhlawgroup.com About NIBA Designs Inc. NIBA Designs Inc. designs and manufactures custom luxury rugs for interior designers and architects, offering fully bespoke pieces handmade by artisans in India, Nepal, and Peru. The Company provides thousands of customizable rug designs in various styles and offers consultation services including custom renderings, color consulting, and product sampling for residential and commercial projects. Based in the United States, NIBA Designs works exclusively with GoodWeave-certified factories and is recognized in the design community for its craftsmanship, originality, and socially responsible production practices. NIBA Designs sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-19316) on August 13, 2025. In its petition, the Debtor reported total assets of $157,574 and total liabilities of $2,728,104. Honorable Bankruptcy Judge Scott M. Grossman handles the case. The Debtor is represented by Chad Van Horn, Esq., at Van Horn Law Group, P.A. NIKOLA CORP: Reaches Deal to Settle SEC's Ch. 11 Plan Objection --------------------------------------------------------------- Yun Park of Law360 Bankruptcy Authority reports that electric-truck manufacturer Nikola Corp. said in court that it resolved a dispute with the SEC over its Chapter 11 liquidation plan. The company agreed to a $4 million cash payment to settle the agency's objection, which centered on Nikola’s effort to push back an $80 million civil penalty claim, the report states. 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. NOBLE GOODNESS: Gets OK to Use Cash Collateral Until Sept. 10 ------------------------------------------------------------- Noble Goodness, LLC and Noble Eats, LLC received fifth interim approval from the U.S. Bankruptcy Court for the District of Arizona to use cash collateral. The court authorized the Debtors' interim use of cash collateral until September 10 to pay their expenses in accordance with their respective budgets, with a 10% variance allowed. Banc of California and other creditors with an interest in cash collateral will be granted a replacement lien on assets acquired by the Debtors after the petition date, with the same validity and priority as their pre-bankruptcy liens. As additional protection, the court approved the payment of $7,500 to Banc of California in accordance with their loan agreement. Neither Sacks Tierney P.A. nor Resolute Commercial Services, LLC will receive payment for services rendered or costs incurred as a bankruptcy professional during the term of the order. Resolute may receive the retainers and compensation for the ordinary course accounting services provided to the Debtors as provided in the court's separate orders approving the firm's employment. The next hearing is scheduled for September 10. About Noble Goodness LLC Noble Goodness, LLC operates a bakery and eatery in Phoenix, Arizona. Noble Goodness sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-04874) on May 29, 2025, listing up to $10 million in both assets and liabilities. Jason Raducha, a member of Noble Goodness, signed the petition. Judge Eddward P. Ballinger, Jr. oversees the case. Wesley D. Ray, Esq., at Sacks Tierney, PA, represents the Debtor as legal counsel. NORTH WHITEVILLE: Gets Extension to Access Cash Collateral ---------------------------------------------------------- North Whiteville Urgent Care & Family Practice, PA received fourth interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Wilmington Division to use cash collateral. The Debtor may use cash collateral as set forth in the budget covering September 1 to 30, with 10% line-item variance. The Debtor projects total operational expenses of $157,558. As adequate protection, the liens of secured creditors will extend to post-petition assets, but only to the extent liens were valid, perfected, and enforceable pre-bankruptcy. The Debtor reserves the right to challenge the validity and priority of such liens. The order remains effective until September 30, unless terminated earlier or modified. The next hearing is scheduled for September 25. About North Whiteville Urgent Care & Family Practice PA North Whiteville Urgent Care & Family Practice, PA is a medical services provider. North Whiteville sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-02217) on June 12, 2025, listing under $1 million in both assets and liabilities. Judge David M. Warren handles the case. The Debtor tapped Christian B. Felden, Esq., at Felden & Felden, PA as legal counsel and Streeter Tax Consultants as accountant. NORTHERN FUEL: Seeks Chapter 11 Bankruptcy in Minnesota ------------------------------------------------------- On September 2, 2025, Northern Fuel & Convenience Inc. filed Chapter 11 protection in the District of Minnesota. According to court filing, the Debtor reports $2,468,948 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Northern Fuel & Convenience Inc. Northern Fuel & Convenience Inc. operates convenience stores and gas stations in Minnesota, managing locations at 54345 Highway 72 NE in Waskish and 4895 Jones Townhall Road NW in Solway, serving local communities with fuel and retail products. Northern Fuel & Convenience Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-60536) on September 2, 2025. In its petition, the Debtor reports total assets of $214,000 and total Liabilities of $2,468,948. The Debtor is represented by Kesha Tanabe, Esq. at VOGEL LAW FIRM. NORTIA LOGISTICS: Court Extends Cash Collateral Access to Sept. 26 ------------------------------------------------------------------ Nortia Logistics Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to continue using cash collateral. The court's third interim order authorized the Debtor to use cash collateral through September 26 in accordance with the approved budget and the initial order entered on July 11, which remains in effect. The Debtor's budget projects total operational expenses of $382,410.34. A status hearing is scheduled for September 17. About Nortia Logistics Inc. Nortia Logistics, Inc. is a privately held, asset-based logistics provider founded in 2012 and headquartered in Franklin Park, IL. It specializes in multimodal freight transportation covering full-truckload (FTL), less-than-truckload (LTL), and intermodal services as well as warehousing, with operations across the U.S. and Canada. Nortia Logistics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08699) on June 2, 2025. In its petition, the Debtor reported estimated assets of $1,357,500 and total liabilities of $5,793,218. Judge Timothy A. Barnes handles the case. The Debtor is represented by David Freydin, Esq., at the Law Offices of David Freydin. RTS Financial Service, Inc., as lender, is represented by: Bryan E. Minier, Esq. Lathrop GPM, LLP 155 N. Wacker Drive, Suite 3800 Chicago, IL 60606 Tel: 312-920-3328 bryan.minier@lathropgpm.com OAKLAND VILLAGE: Files Amendment to Disclosure Statement -------------------------------------------------------- Oakland Village Associates FL, LLC and Windmill Point Apartments DE, LLC submitted an Amended Joint Disclosure Statement describing Amended Joint Plan of Reorganization dated August 26, 2025. All Claims against the Debtor shall be classified and treated pursuant to the terms of the Plan. The Plan designates Classes of Claims. There are six Classes of Claims and Interests. The Plan provides the respective Holders of Allowed Administrative Claims, Allowed Priority Claims, and Allowed Priority Tax Claims, if any, will be paid in full on the Effective Date, over time as permitted by the Bankruptcy Code, or in accordance with the treatment specified herein. Class 1 consists of the Allowed Secured Claim of Wilmington Trust, N.A. at Trustee, For the Benefit of the Holders of of Corevest American Finance 2021-3 Trust Mortgage PassThrough Certificates. In full satisfaction of the Class 1 Claim, Wilmington shall receive title to certain Oakland units. The Debtor shall retain the remaining units. Upon transfer, Wilmington shall release its lien on all remaining Oakland property. This treatment constitutes full settlement of Wilmington's Allowed Secured Claim. To the extent the funds from the value of collateral does not fully satisfy Wilmington's Allowed Secured Claim, the Debtor or Barry Watson shall remit additional funds sufficient to ensure Wilmington is paid in full. Class 1 is unimpaired. Class 2 consists of the Allowed Secured Claim of Wilmington Trust, N.A. at Trustee, For the Benefit of the Holders of of Corevest American Finance 2021-3 Trust Mortgage Pass-Through Certificates. In full satisfaction of the Class 1 Claim, Wilmington shall receive title to certain Windmill units. The Debtor shall retain the remaining units. Upon transfer, Wilmington shall release its lien on all remaining Windmill property. This treatment constitutes full settlement of Wilmington's Allowed Secured Claim. To the extent the funds from the value of collateral does not fully satisfy Wilmington's Allowed Secured Claim, the Debtor or Barry Watson shall remit additional funds sufficient to ensure Wilmington is paid in full. Class 2 is unimpaired. Class 3 consists of the Allowed Secured Claim of Javier DelHoyo and Peter Lulaj Class 3 consists of the allowed secured claim in favor of Javier DelHoyo and Peter Lulaj in the amount of $600,000. In accordance with the terms and conditions set forth in the Mediation Settlement Agreement. Class 3 is impaired. Class 4 consists of all allowed general unsecured claims against Windmill that are not otherwise classified herein. Holders of allowed general unsecured claims shall receive a pro rata distribution from available cash on hand after payment of Allowed Administrative Claims, Allowed Priority Claims, and settlement obligations under this Plan. Such distribution shall be made within 90 days after the Effective Date. Class 4 is Impaired. The Debtor will continue to manage and operate its business in the ordinary course on a smaller scale, but with restructured debt obligations. It is anticipated that each Debtor's continued operations will be sufficient to make the Plan Payments. Funds generated from the Debtor's operations through the Effective Date will be used for Plan Payments; however, the Debtor's cash on hand as of Confirmation will be available for payment of Administrative Expenses. A full-text copy of the Amended Joint Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=8aoojA from PacerMonitor.com at no charge. The Debtor's Counsel: Justin M. Luna, Esq. LATHAM LUNA EDEN & BEAUDINE LLP 201 S. Orange Avenue Suite 1400 Orlando, FL 32801 Tel: (401) 481-5800 E-mail: jluna@lathamluna.com About Oakland Village Associates FL LLC Oakland Village Associates FL LLC is a real estate company based in Orlando, Florida. Oakland Village Associates FL LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02805) on May 5, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Bankruptcy Judge Lori V. Vaughan handles the case. The Debtors are represented by Justin M. Luna, Esq., at Latham Luna Eden & Beaudine, LLP. Wilmington Trust, N.A., as lender, is represented by: Ryan C. Reinert, Esq. Bridget M. Dennis, Esq. Shutts & Bowen, LLP 4301 W. Boy Scout Blvd., Suite 300 Tampa, FL 33607 Telephone: (813) 229-8900 Email: bdennis@shutts.com rreinert@shutts.com OCULAR DEVELOPMENT: Hires Carrow Real Estate Services as Broker --------------------------------------------------------------- Ocular Development, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to hire Carrow Real Estate Services as real estate appraiser and broker. The firm will list, market, and sell the Debtor's properties located at 7 Delaware Street, Albany, NY 12202. The firm will receive a commission equal to 3 percent of the gross sales. Carrow represents no interest adverse to Debtor or the estate in the matters upon which it is to be engaged, according to court filings. The firm can be reached through: Deborah Hoeizli Carrow Real Estate Services 99 Washington Avenue Albany, NY 12210 About Ocular Development Ocular Development, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-10716) on June 23, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Patrick G. Radel presides over the case. Michael Leo Boyle, Esq. at Boyle Legal, LLC represents the Debtor as legal counsel. OLIVER PARK: Seeks Chapter 11 Bankruptcy in Georgia --------------------------------------------------- On September 1, 2025, Oliver Park Apartments LLC filed Chapter 11 protection in the Northern District of Georgia. 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 Oliver Park Apartments LLC Oliver Park Apartments LLC leases residential real estate properties. Oliver Park Apartments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-60028) on September 1, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by William Rountree, Esq. at ROUNTREE, LEITMAN, KLEIN & GEER, LLC. ONEMAIN FINANCE: S&P Rates New $500MM Senior Unsecured Notes 'BB' ----------------------------------------------------------------- S&P Global Ratings assigned its 'BB' rating to OneMain Finance Corp.'s proposed $500 million senior unsecured notes due 2033. OneMain Finance (OMFC) is a direct, wholly owned subsidiary of OneMain Holdings Inc. (OneMain). The notes will be guaranteed on an unsecured basis by OneMain. The company intends to use the net proceeds for general corporate purposes, which may include debt repurchases or repayments. For the second quarter of 2025, OneMain's leverage, as measured by debt to adjusted total equity, was 5.9x-6.0x. Assuming no equity growth and debt repayments, pro forma for the proposed issuance, S&P expects that leverage will be 6.4x-6.5x, with minimal cushion to its downside threshold of 6.5x. As of June 30, 2025, OneMain's unencumbered assets-to-unsecured debt ratio was about 1.05x. S&P said, "Pro forma for this transaction, we expect that ratio to remain between 1.0x and 1.1x, albeit in the low-to-middle part of that range. If the company's unsecured debt becomes greater than its unencumbered assets, we would lower the issue rating by one notch, to 'BB-'." The company's net charge-off ratio for consumer loans declined to about 7.2% in the second quarter of 2025 from 7.8% the prior quarter and 8.3% in the second quarter of 2024. The ratio of 30-plus-days delinquent loans was 5.17%, while for credit cards, it was 11.6%. OneMain's back book (loan originations made before the tightening of credit in August 2022) declined to 10% of receivables as of June 30, 2025, from 16% at year-end 2024. The back book contributed 24% to 30-plus-days delinquency, down from 27% the prior quarter. Profitability and delinquencies should stabilize as the tail risk from the 2022 vintages declines, but the expected economic slowdown and higher-for-longer rates could challenge performance for newer vintages. OneMain tightened the upper end of its expected range for net charge-offs in 2025; it now expects a net charge-off ratio of 7.5%-7.8% (the upper end of its expected range had been 8% back in January 2025). S&P said, "The stable outlook on OneMain indicates our expectation that, in the next 12 months, the company will keep its competitive position in nonprime consumer lending and operate with leverage of 4.5x-6.5x, although our base case assumes leverage of 5.5x-6.5x. We expect the company to maintain adequate liquidity, manageable net charge-offs (at about 8%), and its existing funding mix. "We could lower our ratings over the next 12 months if debt to adjusted total equity rises above 6.5x or if net charge-offs substantially rise above our base-case expectation and erode earnings. We could also lower the ratings if regulatory actions impede OneMain's business, if the company takes on large debt-funded initiatives, or if competition increases in the nonprime consumer lending industry such that risk-adjusted yields decline and weaken earnings." An upgrade is unlikely over the next 12 months. OWL VENICE: Gets Court OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California granted OWL Venice, LLC's motion to use cash collateral effective as of the petition date. The Debtor may use only the cash collateral necessary in accordance with its budget, plus a 15% variance per line item but not to exceed a 10% variance overall. As adequate protection for the Debtor's use of their cash collateral, secured lenders will receive replacement liens on all assets acquired by the Debtor after its Chapter 11 filing, except avoidance actions and recoveries. The replacement liens will have the same validity and priority as the lenders' pre-bankruptcy liens. A final hearing is set for September 10. About OWL Venice LLC OWL Venice LLC, doing business as OWL Venice, offers handcrafted broth elixirs, organic skincare products, and multi-day gut health cleanse programs across Los Angeles County. It also provides health coaching as an additional wellness service. OWL Venice sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-16451) on July 29, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Sheri Bluebond handles the case. The Debtor is represented by Giovanni Orantes, Esq., at The Orantes Law Firm, A.P.C. PAULAZ ENTERPRISES: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Paulaz Enterprises, Inc. received another extension from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral to fund operations. The court issued its third interim order allowing the Debtor to use cash collateral through September 25 to pay the expenses set forth in its budget, subject to a 10% variance per line item. During the interim period, all income generated before and after the Debtor's Chapter 11 filing must be deposited into its debtor-in-possession account. As adequate protection, replacement liens will be granted to Wells Fargo Bank, N.A. and other secured creditors, matching the scope and priority of their pre-bankruptcy liens. The Debtor may challenge the extent or validity of those liens later. In addition, Wells Fargo will receive a monthly payment of $8,500, beginning on September 15 as further protection. Failure to pay may end cash collateral authority. A final hearing is set for September 25. The Debtor believes all of its assets, including cash collateral are encumbered by the lien held by Wells Fargo. The value of the Debtor's assets is $303,282.25 as of the petition date, and the bank's loan has an outstanding balance of $637,481. Other entities that may have a lien on the cash collateral are Alliance Franchise Brands, LLC, ODK Capital, LLC and the U.S. Small Business Administration. The Debtor believes that the secured loan made by Alliance is subordinated to the Wells Fargo loan. The Debtor has been making payments towards the Alliance loan since its inception. Alliance is not entitled to a post-petition lien as there is no remaining collateral available to secure it. Meanwhile, the ODK Capital and SBA loans are wholly unsecured as all of the Debtor's assets are encumbered by Wells Fargo's lien. Both creditors are not entitled to a post-petition lien as there is no remaining collateral available to secure the loans. A copy of the third interim order is available at https://is.gd/QUcA7C About Paulaz Enterprises Inc. Paulaz Enterprises Inc., doing business as Image360 Hollywood FL, provides custom signage, graphics, and display solutions for businesses and organizations in Hollywood, Miami, Fort Lauderdale, and surrounding areas. It offers interior signs, business signage, vehicle wraps, and event displays, coordinating projects from design to installation. Paulaz Enterprises operates as part of a national network, ensuring consistent quality and branding across various applications. Paulaz Enterprises sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-18061) on July 15, 2025. In its petition, the Debtor reported total assets of $303,282 and total liabilities of $1,733,834. Judge Peter D. Russin handles the case. The Debtor is represented by Chad Van Horn, Esq., at Van Horn Law Group, PA. PHOENIX EXTEND-A-SUITES: Unsecureds to be Paid in Full in Sale Plan ------------------------------------------------------------------- Phoenix Extend-A-Suites, LLC filed with the U.S. Bankruptcy Court for the District of Arizona a First Amended Disclosure Statement describing Chapter 11 Plan dated August 27, 2025. The Debtor is a limited liability company domiciled in Arizona and was formed on December 8, 2016. The Debtor's principal office and hotel operations are located at 17211 North Black Canyon Highway, Phoenix, AZ (the "Hotel Property"). The Debtor currently has approximately nineteen employees, including its principal, Jennifer Schubert ("Ms. Schubert"). Ms. Schubert is the sole member of Debtor. Pre-petition, Debtor was collecting revenues (and paying expenses) through its affiliate, Hotel Veteran, LLC. On or about June 1, 2023, Debtor borrowed $5,175,637.00 from Capital Fund REIT, LLC ("Cap Fund") under a promissory note dated June 1, 2023 (the "Promissory Note"). The Promissory Note matured on June 1, 2025. When Debtor attempted, prior to the maturity date, to extend the loan consistent with the terms agreed upon between Debtor and Cap Fund at loan inception, Cap Fund refused to accept the contractual renewal fee and demanded a significantly larger fee to extend the loan. Accordingly, the loan had a maturity date default. On or about October 15, 2025, Cap Fund exercised its rights under the Deed of Trust and commenced a trustee sale of the Property. The Notice of Trustee Sale was recorded with the Recorder's Office on October 22, 2025 at Rec. Doc. No. 2025- 0562725. The trustee sale was scheduled for January 28, 2025. Accordingly, to avoid the impending foreclosure, the Bankruptcy Proceeding was commenced. The Debtor scheduled the Hotel Property with a value of $8,000,000 based upon current market estimates. Based upon estimates from ROI Properties, Debtor believes the value of the Hotel Property is approximately $7,950,000.00. When possible costs of sale are factored in, Debtor believes that approximately $819,585.78 in equity exists for the benefit of the bankruptcy estate. The Debtor anticipates the total amount of Allowed Unsecured Claims in this Class will be approximately $30,662.00 owed for business-related debt. Class 3 consists of the Allowed Unsecured Claims of Creditors. Class 3 Creditors shall be paid, in full, from Debtor's Excess Cash Flow (and/or the sale proceeds from the Hotel Property), after all senior Allowed Claims have been paid in accordance with the terms of the Plan. Any Allowed Unsecured Claims that are determined to be non-dischargeable will continue to receive a pro rata distribution of the Excess Cash Flow until satisfied in full. Pursuant to Section 1129(a)(15) and (b)(2)(B)(ii) of the Bankruptcy Code, the Debtor shall retain its interest in all estate property in consideration of its funding of Allowed Claims and shall receive all exempt property. The Debtor will fund its payment of the allowed secured claims, in full, from either the sale proceeds from the Hotel Property sale or, if through refinancing the Cap Fund secured debt, by making payments through Excess Cash Flow over the life of the Plan. Further, Debtor will fund the administrative, priority and general unsecured claims, in full, either from the proceeds from the Hotel Property sale or through Excess Cash Flow. The Debtor notes that its future is dependent upon whether the Hotel Property is sold or refinanced. In the event Debtor refinances the Hotel Property, it will continue operating the business and make payments under the Plan. Alternatively, if the Hotel Property is sold, Debtor's only asset will be gone and creditors would be paid from the sale of the Hotel Property. A full-text copy of the First Amended Disclosure Statement dated August 27, 2025 is available at https://urlcurt.com/u?l=tVzot0 from PacerMonitor.com at no charge. Counsel to the Debtor: Patrick F. Keery, Esq. Martin J. McCue, Esq. Keery McCue, PLLC 6803 East Main Street, Suite 1116 Scottsdale, AZ 85251 Telephone: (480) 478-0709 Facsimile: (480) 478-0787 Email: mjm@keerymccue.com About Phoenix Extend-A-Suites, LLC Phoenix Extend-A-Suites LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-00688) on Jan. 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Brenda Moody Whinery handles the case. The Debtor is represented by Patrick F. Keery, Esq., at Keery Mccue, PLLC, in Scottsdale, Arizona. PLASTIPAK HOLDINGS: S&P Assigns 'B+' Rating on New $1BB Term Loan B ------------------------------------------------------------------- S&P Global Ratings assigned its 'B+' issue-level rating and '3' recovery rating to Plastipak Holdings Inc.'s $1 billion first-lien term loan B due 2032, issued by subsidiary Plastipak Packaging Inc. The '3' recovery rating indicates S&P's expectation for meaningful (50%-70%; rounded estimate: 65%) recovery in the event of a payment default. Plastipak plans to use the proceeds to fully refund its $209 million term loan A due 2026, and $763 million term loan B due 2028. Additionally, the company will refinance its existing $300 million revolver due 2026, with a new five-year $450 million revolver due 2030. As a result of the transaction, the company will issue a minimal amount of incremental debt but alleviate near-term refinancing risk. S&P expects leverage will remain under 4.5x for 2025. PRAIRIE ACQUIROR: S&P Affirms 'B+' Issuer Credit Rating ------------------------------------------------------- S&P Global Ratings affirmed its 'B+' issuer credit ratings (ICRs) on Prairie Acquiror L.P.'s (Prairie) and Tallgrass Energy Partners L.P. (Tallgrass), its 'B-' issue-level rating on Prairie's senior secured debt, and its 'B+' issue-level rating on Tallgrass' senior unsecured note. The recovery ratings on the senior secured debt of Prairie and the senior unsecured note of Tallgrass are unchanged. S&P said, "We also assigned our 'B+' issue-level rating, and '4' recovery rating, to Tallgrass' proposed senior unsecured note. "The negative outlook reflects our expectation that leverage will be elevated above 7.5x while Prairie pursues the TPCO2 project. However, we do not expect the company will maintain leverage above 7.5x over the long term." On Sept. 3, 2025, Tallgrass announced an issuance of about $600 million senior unsecured note, the proceeds of which will be used to redeem its $430 million senior unsecured note due in 2027 and to partially repay its revolving credit facility (RCF) outstanding. S&P said, "At the same time, we revised our forecast on Prairie Acquiror L.P.'s (Prairie) group. We expect Prairie's leverage (S&P Global Ratings-adjusted) will remain above 7.5x while the company pursues the conversion of the Trailblazer pipeline to carbon dioxide (CO2) service. "However, Prairie's development of the Trailblazer CO2 (TPCO2) project is on budget and on track, which we believe supports Prairie's deleveraging below 7.5x over the next few years. "We forecast that consolidated leverage (S&P Global Ratings-adjusted) will remain above 7.5x as Prairie funds its TPCO2 project. In April 2025, Tallgrass secured TPCO2 project financing that includes a $866 million construction term loan, $140 million working capital facility, and $60 million liquidity reserve. We expect Tallgrass will draw down the project finance term loan in the second half of 2025. As of August 2025, the TPCO2 project is on track and on budget. We expect that TPCO2 will be in service by the end of 2025 and, once completed, will generate annual EBITDA of about $170 million-$180 million. We do not provide pro forma EBITDA credit for projects under construction, so deleveraging will not occur until TPCO2 is operational. Under our base-case forecast, we expect Prairie's S&P Global Ratings-adjusted leverage will be above 7.5x while the company pursues the conversion of the Trailblazer pipeline to CO2 service. "We expect Prairie will deleverage over the next few years to ultimately sustain its leverage below 7.5x. The TPCO2 project's Tier One laterals, capture facilities, sequestration, and mainline are on track for commercial service by the end of 2025. All major equipment for the project has been procured. The project has received authorizations, performed testing, completed the unitization process, and received all regulatory permits as of August 2025. With project funding secured and the progress made toward the upcoming in-service date, we see less execution risk for the TPCO2 project. The spike in 2025 leverage metrics is mostly driven by a timing use related to the funded TPCO2 project finance debt with little offsetting EBITDA. Leverage in 2026 accounts for the full-year effect of TPCO2 being operational. The rest of the deleveraging will be through term loan amortization and revolver repayment. We note that our credit metrics treat Rockies Express Pipeline LLC's (REX) preferred equity as debt because the preferred equity is redeemable at the option of Tallgrass at any time. "The negative outlook on Prairie reflects our expectation that leverage will be elevated above 7.5x while the company pursues the conversion of the Trailblazer pipeline to CO2 service. Although the company has a stated financial policy of maintaining its long-term unadjusted leverage of approximately 6.5x, which translates into approximately 7.5x on an S&P Global Ratings-adjusted basis, we do not anticipate that will happen over the next two years. "We could lower our rating on Prairie if we expect the company will not deleverage as planned and will sustain the leverage above 7.5x over the long term." This could happen if: -- The company faces delays or other obstacles in project construction leading to cost overruns that increase execution and financial risk; or -- The company announces any debt-financed projects without offsetting cash flows. S&P could revise the outlook on Prairie to stable if it has visibility into the company deleveraging sustainably below 7.5x. This could be a result of the following: -- Clear line of sight into the Trailblazer project moving to commercial operation, which results in increased EBITDA, coupled with reduced capital expenditures (capex) and increased free cash flow allocated to debt repayment that leads to deleveraging; and -- S&P's view that the financial policy is supportive of maintaining leverage below 7.5x. PRAIRIE EYE: Seeks 90-Day Extension of Plan Filing Deadline ----------------------------------------------------------- Prairie Eye Center, Ltd. asked the U.S. Bankruptcy Court for the Central District of Illinois to extend its exclusivity period to file disclosure statement and plan for additional ninety days. The Debtor explains that it has struggled finding qualified employees to fill the administrative/accounting roles in this case. The difficulties include the recent departure of the primary assistant to the finance director. The turnover and training have resulted in the Debtor being behind in its debtor-in-possession reporting duties, including (and most seriously) the monthly operating reports. The Debtor claims that the financial reporting is necessary for the company to file a Chapter 11 plan, and also for a sufficient disclosure statement for circulation to be prepared and approved. The Debtor is not able to meet the current exclusivity deadline of September 8, 2025 due to these issues. For the reasons, and to give the Debtor the best chance to reorganize under a plan, the Debtor requests a second ninety-day extension of the plan filing exclusivity period. Prairie Eye Center, Ltd. is represented by: Sumner A. Bourne, Esq. Rafool & Bourne, PC 401 Main Street, Suite 1130 Peoria, IL 61602 Telephone: (309) 673-5535 Email: notices@rafoolbourne.com About Prairie Eye Center Prairie Eye Center, Ltd. owns and operates the Prairie Eye and LASIK Center, an eye care provider in Springfield, Illinois, offering comprehensive optometry services, including eye exams, LASIK procedures, and emergency care. Led by Dr. Sandra Yeh, the Center is committed to providing personalized, professional care with a focus on patient comfort and education. The Center also offers vision financing options and works with insurance providers to ensure access to quality eye health and vision care. Prairie Eye Center filed its voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. C.D. Ill. Case No. 25-70105). In the petition signed by Sandra W. Yeh, M.D., bankruptcy representative, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Mary P. Gorman oversees the case. Sumner A. Bourne, at Rafool & Bourne, PC, serves as the Debtor's counsel. PRESENTATION MEDIA: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------------- On September 2, 2025, Presentation Media Inc. filed Chapter 11 protection in the Central District of California. According to court filing, the Debtor reports $12,204,312 in debt owed to 50 and 99 creditors. The petition states funds will be available to unsecured creditors. About Presentation Media Inc. Presentation Media Inc. provides visual presentation solutions and manufacturing services primarily for the aerospace and defense sectors, including clients such as Hughes (now Raytheon), Boeing, Northrop Grumman, and NASA, and has since expanded to newer clients like SpaceX, Tesla, Honda, and Lyft. Operating from its Los Angeles facility, the Company produces large-format graphics, dimensional letters, signs, 3D printing, sculptural art, and trade show or museum exhibits, while offering services including 3D modeling, graphic and interior design, exhibit design, engineering, digital media, and onsite consultation. PMI also works with strategic partners that do not have sufficient production capacity, fulfilling orders on their behalf, and maintains its signature "Midnight Express" overnight production service to deliver projects by the start of clients' business days. Presentation Media Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-17723) on September 2, 2025. In its petition, the Debtor reports total assets of $5,990,852 and total liabilities of $12,204,312. The Debtor is represented by Steven R. Fox, Esq. at THE FOX LAW CORPORATION. PRIME CAPITAL: Court Vacates in Part Bankruptcy Court Order ----------------------------------------------------------- In the appeal styled PAUL A. LEVINE, ESQ. as Permanent Receiver for Debtor Prime Capital Ventures, LLC, PRIME CAPITAL VENTURES, LLC, COMPASS-CHARLOTTE, 1031, LLC, and CHRISTIAN H. DRIBUSCH, ESQ., as Chapter 7 Trustee in the Matter of Kris Daniel Roglieri, Appellants, vs. B AND R ACQUISITION PARTNERS, LLC and JHM LENDING VENTURES, LLC, Appellees, Case No. 1:24-cv-00939-MAD (N.D.N.Y.), Judge Mae A. D'Agostino of the United States District Court for the Northern District of New York affirmed in part and vacated in part the order of the United States Bankruptcy Court for the Northern District of New dismissing a Chapter 11 bankruptcy petition filed on behalf of Prime Capital Ventures, LLC. Prime Capital Ventures, LLC, Christian H. Dribusch, the previous Chapter 7 trustee of Kris Daniel Roglieri's bankruptcy, and Compass-Charlotte 1031, LLC asked the District Court to vacate the bankruptcy court order entered on July 23, 2024, dismissing a Chapter 11 bankruptcy petition filed on behalf of Prime Capital by Paul A. Levine, the Receiver for Prime Capital. At the time Appellants filed their appeal, they also fielded an emergency motion to stay the bankruptcy case pending their appeal. Appellees opposed the stay application. On Aug. 15, 2024, the District Court denied Appellants' motion for a stay. Since the issuance of its Aug. 15, 2024, Memorandum-Decision and Order, Roglieri has been criminally indicted on wire fraud and conspiracy to commit wire fraud charges. The United States also filed a civil forfeiture action against property associated with Roglieri and Prime Capital including cars, watches, and the Virginia Beach House (interest in which is the subject of this appeal). Additionally, Christian Dribusch, as Trustee of Roglieri's personal bankruptcy case, filed a voluntary Chapter 11 bankruptcy petition on behalf of Prime Capital on Sept. 16, 2024. At that time, Dribusch was both the bankruptcy trustee in Roglieri's personal bankruptcy case and the personal representative for Prime Capital because Roglieri's estate was the sole member of Prime Capital. On May 23, 2025, following Dribusch's resignation as Trustee, a new trustee was appointed. At the time of this decision, Roglieri is proceeding pro se in his Chapter 7 personal bankruptcy case. Marianne T. O'Toole has been appointed as the Trustee in that case. Yann Geron has been appointed as the trustee for Prime Capital in the case that was filed on behalf of Prime by Dribusch. A new trustee has not been appointed in the bankruptcy case that underlies this appeal. The District Court considered two issues that were presented by Appellants: (1) whether the Receiver had the authority to file the voluntary bankruptcy petition on Prime Capital's behalf; and (2) whether the Trustee's ratification of the Receiver's petition cured any deficiencies in the Receiver's initial filing. In their brief, Appellants no longer challenge the Receiver's authority to file the initial bankruptcy petition. They argue only that the Trustee's subsequent ratification validated the filing. The District Court concludes that the Trustee had the authority to ratify the Receiver's filing, but that ratification would be inequitable, and therefore, should not be given effect. The Trustee ratified the Receiver's bankruptcy filing on July 9, 2024, and did so in his capacity as the Chapter 7 Trustee to the bankruptcy estate of Kris Daniel Roglieri which bankruptcy estate is the sole member of Prime Capital Ventures, LLC. The bankruptcy court concluded that the Trustee did not have the authority to do so because, under Delaware law, a person ceases to be a member of a limited liability company upon' the filing of a voluntary bankruptcy petition. Appellants disagree with the bankruptcy court's conclusion, whereas Appellees agree. Appellants argue the bankruptcy court erred in its conclusion because Delaware law permits Roglieri to continue to be a member of Prime Capital, which is a single-member LLC, so long as he consents to its continuation. Appellants also rely on federal law, 11 U.S.C. Sec. 541, which they contend preempts Delaware law and provides that a bankruptcy estate consists of all property, including Roglieri's membership interest in Prime Capital. They argue that if the District Court were to find that Roglieri's membership interest was dissolved, then Delaware law permits a member of an LLC to consent to revocation of a dissolution. To the extent Prime Capital is a single-member LLC, Appellees agree that Delaware law permits revocation of a dissolution, but they argue that neither Roglieri nor the Trustee attempted to resuscitate Prime Capital. The District Court concludes that the bankruptcy court erred in concluding that the Trustee did not have authority to ratify the Receiver's filing for bankruptcy on Prime Capital's behalf. Judge D'Agostino explains, "When Roglieri filed for bankruptcy, his rights in Prime Capital as a single-member LLC became property of the bankruptcy estate under 11 U.S.C. Sec. 541. Prime Capital's Operating Agreement and Delaware law contradict Congress' intention in promulgating Sec. 541, which brings all of a debtor's property into the estate, including membership interest in a single-member LLC. And, in any event, Roglieri and the Trustee consented to the continuation of Prime Capital under Delaware law. Therefore, this aspect of the bankruptcy court's order is vacated." According to the District Court, although the Trustee had authority to ratify the Receiver's bankruptcy filing, the Receiver took the action in order to be able to avoid the B&R Judgment Lien against the Virginia Beach House and preserve its value for the benefit of all of the Debtor's creditors, despite having zero authority to do so. The District Court declines to give effect to a ratification that would strip a third-party of its rights. This aspect of the bankruptcy court's Order is affirmed. A copy of the Court's Memorandum Decision and Order dated August 20, 2025, is available at https://urlcurt.com/u?l=UFsOvk from PacerMonitor.com. About Prime Capital Ventures, LLC Prime Capital owns a residential property located at 600 Linkhorn Drive, Virginia Beach, VA 23451, valued at $4.02 million. Prime Capital Ventures, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 24-11029) on Sept. 16, 2024, listing $6,452,230 in assets and $244,529,327 in liabilities. The petition was signed by Christian H. Dribusch as manager. Christian H. Dribusch, Esq., at Dribusch Law Firm, is the Debtor's counsel. Yann Geron is appointed as trustee in this Chapter 11 case. He tapped Geron Legal Advisors LLC as bankruptcy counsel and Klestadt Winters Jureller Southard & Stevens LLP as special litigation counsel. PROGRAM INSITE: Seeks Chapter 11 Bankruptcy in Maryland ------------------------------------------------------- Bondoro reports that Olney, Md.-headquartered Program Insite, LLC, filed for Chapter 11 protection on September 2, 2025 in the District of Maryland bankruptcy court. The IT services and program management firm reported $4.8 million in assets against $17.6 million in liabilities and indicated that its estate should generate funds for distribution to unsecured creditors. About Program Insite LLC Program Insite LLC is an Olney, Maryland-based IT services and program management firm. Program Insite LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-18080) on September 2, 2025. In its petition, the Debtor reports $4.8 million in assets against $17.6 million in liabilities. The Debtor is represented by Marc A. Ominsky, Esq. at Law Offices of Marc A. Ominsky, LLC. PROJECT PIZZA: Hires J.B. Zaarour & Associates as Accountant ------------------------------------------------------------ Project Pizza LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ J.B. Zaarour & Associates, Inc. as its accountant. The firm will prepare the Debtor's corporate tax returns and provide tax advice. The firm is in the process of being retained in a related case, In re Project Pizza Sunset, LLC, Case No. 25-30258. The firm will provide a flat fee of $3,625 for its services. As disclosed in the court filings, J.B. Zaarour & Associates, Inc. represents no interest adverse to the Debtor, or to the estate, in the matters upon which it is to be engaged. The firm can be reached through: Sahouria Sami, CPA J.B. Zaarour & Associates, Inc. 1855 Lawton Street San Francisco, CA 94122 Phone: (415) 221-1601 About Project Pizza LLC Project Pizza Sunset, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-30397) on May 20, 2025, listing $50,001-$100,000 in assets and $1,000,001-$10 million in liabilities. Judge Hannah L. Blumenstiel oversees the case. Kornfield, Nyberg, Bendes, Kuhner & Little P.C. represents the Debtor as legal counsel. PURDUE PHARMA: Gets Court OK for $17.5MM Chapter 11 Bonus Plans --------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that a New York judge on Thursday, September 4, 2025, approved Purdue Pharma LP's plan to distribute more than $17.5 million in employee bonuses, continuing the bankrupt drugmaker's bonus practices from prior years of its Chapter 11 case. About Purdue Pharma LP Purdue Pharma L.P. and its subsidiaries -- http://www.purduepharma.com/-- develop and provide prescription medicines and consumer products that meet the evolving needs of healthcare professionals, patients, consumers and caregivers. Purdue's subsidiaries include Adlon Therapeutics L.P., focused on treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and related disorders; Avrio Health L.P., a consumer health products company that champions an improved quality of life for people in the United States through the reimagining of innovative product solutions; Imbrium Therapeutics L.P., established to further advance the emerging portfolio and develop the pipeline in the areas of CNS, non-opioid pain medicines, and select oncology through internal research, strategic collaborations and partnerships; and Greenfield Bioventures L.P., an investment vehicle focused on value-inflection in early stages of clinical development. Opioid makers in the U.S. are facing pressure from a crackdown on the addictive drug in the wake of the opioid crisis and as state attorneys general file lawsuits against manufacturers. More than 2,000 states, counties, municipalities and Native American governments have sued Purdue Pharma and other pharmaceutical companies for their role in the opioid crisis in the U.S., which has contributed to the more than 700,000 drug overdose deaths in the U.S. since 1999. OxyContin, Purdue Pharma's most prominent pain medication, has been the target of over 2,600 civil actions pending in various state and federal courts and other fora across the United States and its territories. On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19 23649), after reaching terms of a preliminary agreement for settling the massive opioid litigation. The Debtors' consolidated balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as legal counsels; PJT Partners as investment banker; AlixPartners as financial advisor; and Grant Thornton, LLP as tax structuring consultant. Prime Clerk, LLC, is the claims agent. Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the official committee of unsecured creditors appointed in the Debtors' bankruptcy cases. David M. Klauder, Esq., is the fee examiner appointed in the Debtors' cases. The fee examiner is represented by Bielli & Klauder, LLC. * * * U.S. Bankruptcy Judge Robert Drain in early September 2021 approved a plan to turn Purdue into a new company (Knoa Pharma LLC) no longer owned by members of the Sackler family, with its profits going to fight the opioid epidemic. The Sackler family agreed to pay $4.3 billion over nine years to the states and private plaintiffs and in exchange for a lifetime legal immunity. The deal resolves some 3,000 lawsuits filed by state and local governments, Native American tribes, unions, hospitals and others who claimed the company's marketing of prescription opioids helped spark and continue an overdose epidemic. Separate appeals to approval of the Plan have already been filed by the U.S. Bankruptcy Trustee, California, Connecticut, the District of Columbia, Maryland, Rhode Island and Washington state, plus some Canadian local governments and other Canadian entities. In early March 2022, Purdue Pharma reached a nationwide settlement over its role in the opioid crisis, with the Sackler family members boosting their cash contribution to as much as $6 billion. The settlement was hammered out with attorneys general from the eight states -- California, Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and Washington -- and D.C. who had opposed the previous settlement. R & A ENTERPRISES: Court Extends Cash Collateral Access to Oct. 20 ------------------------------------------------------------------ R & A Enterprises, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of California to use cash collateral. The court authorized the Debtor to use cash collateral through October 20 on the same terms as previously approved in its April 11 order. The court also approved the budget filed by the Debtor, which outlines how it intends to use its cash collateral. Patriot Bank, N.A., a secured creditor, will be granted replacement liens and other relief as adequate protection from the Debtor's use of its cash collateral. Patriot Bank is represented by: Thomas R. Phinney, Esq. Felderstein, Fitzgerald, Willoughby Pascuzzi & Rios, LLP 500 Capitol Mall, Suite 2250 Sacramento, CA 95814 Telephone: (916) 329-7400 Facsimile: (916) 329-7435 tphinney@ffwplaw.com About R & A Enterprises, LLC R & A Enterprises, LLC owns and operates a carwash business. R & A Enterprises sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 24-22531) on June 10, 2024. In the petition signed by John J. Richter, managing member, the Debtor disclosed $3,832,784 in assets and $4,173,596 in liabilities. Judge Christopher M. Klein oversees the case. Stephen Reynolds, Esq., at Reynolds Law Corporation, represents the Debtor as bankruptcy counsel. REVA HOSPITALITY: Creditors Seek Involuntary Chapter 11 Bankruptcy ------------------------------------------------------------------ On August 29, 2025, creditors of Reva Hospitality Wylie LLC filed Chapter 11 protection in the Northern District of Texas. The creditors who signed the petition include Magnolia Hospitality Services LLC, Mackey Industries Inc., and Granshyam Chodvadiya. About Reva Hospitality Wylie LLC Reva Hospitality Wylie LLC owns and operates the Holiday Inn Express & Suites Wylie West, a hotel located at 2200 West FM 544 in Wylie, Texas. The Company is engaged in the hospitality sector, providing lodging accommodations and related guest services in the Dallas Fort Worth metropolitan area. Reva Hospitality Wylie LLC creditors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-33332) on August 29, 2025. The creditors are represented by John Ivie, Esq. at COLVEN, TRAN & MEREDITH, P.C. RIO DEL PILAR: Seeks to Tap DiMarco Warshaw as Bankruptcy Counsel ----------------------------------------------------------------- Rio Del Pilar LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire DiMarco Warshaw, APLC as general bankruptcy counsel. The firm will render these services: 1. represent Debtor as a Debtor in Possession; 2. advise Debtor regarding the requirements of the Bankruptcy Code, the Bankruptcy Rules, the Local Bankruptcy Rules, and the requirements of the Office of the United States Trustee pertaining to the administration of the Estate and the use thereof; 3. advise and represent the Debtor concerning its rights and remedies regarding the assets of the Estate; 4. prepare, among other things, motions, applications, answers, orders, memoranda, reports, and papers in connection with the administration of the Estate, including assisting with monthly operating reports; 5. protect and preserve the Estate by prosecuting and defending actions commenced by or against the Debtor; 6. analyze and prepare necessary objections to proofs of claim filed against the Estate; 7. represent Debtor in proceedings or hearings in this Court; 8. negotiate, formulate, and draft any plan(s) of reorganization and disclosure statement(s); 9. advise and represent Debtor in connection with its investigation of potential causes of action against persons or entities, including, but not limited to, avoidance actions, and the litigation thereof, if warranted; and 10. render such other advice and services as Debtor may require in connection with the Case. The firm will be paid at these rates: Darren J. DiMarco, Partner $460 per hour Andy C. Warshaw, Partner $460 per hour Other Of Counsel Attorney $460 per hour Firm Associates $425 per hour Paralegals/Paraprofessionals $225 per hour Law Clerks $195 per hour In addition, the firm will seek reimbursement for expenses incurred. The Debtor paid the firm a retainer of $35,000. Mr. Warshaw disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Andy C. Warshaw, Esq. DiMarco Warshaw, APLC P.O. Box 704 San Clemente, CA 92674 Telephone: (949) 345-1455 Facsimile: (949) 417-9412 Email: andy@dimarcowarshaw.com About Rio Del Pilar Rio Del Pilar, LLC operates in cattle ranching and farming. It is based in Rio Dell, California, and its activities involve livestock and agricultural land use. Rio Del Pilar sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-10467) on July 31, 2025, with $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Christopher Cortazar, special manager, signed the petition. Andy Warshaw, Esq., at DiMarco Warshaw, APLC represents the Debtor as legal counsel. RITE AID: Asks Court for Extension to Submit Wind-Down Plan ----------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Rite Aid has sought additional time from a New Jersey bankruptcy judge to submit its Chapter 11 plan, nearly four months into its latest case, arguing it requires until year’s end to prepare a plan designed to maximize recoveries. About Rite Aid Rite Aid is a full-service pharmacy committed to improving health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of solutions that offer convenience, including retail and delivery pharmacy, as well as services offered through the Company's wholly owned subsidiary Bartell Drugs. On the Web: http://www.riteaid.com/ Rite Aid and certain of its subsidiaries previously filed for chapter 11 bankruptcy in October 2023 and emerged from bankruptcy in August 2024. On May 5, 2025, New Rite Aid, LLC and its subsidiaries, including Rite Aid Corporation, commenced voluntary Chapter 11 proceedings (Bankr. D.N.J. Lead Case No. 25-14861). As of the 2025 bankruptcy filing date, Rite Aid operates 1,277 stores and 3 distribution centers in 15 states and employs approximately 24,500 people. Rite Aid is using the Chapter 11 process to pursue a sale of its prescriptions, pharmacy and front-end inventory, and other assets. The cases are being administered by the Honorable Michael B. Kaplan. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor, Guggenheim Securities, LLC is serving as investment banker, and Alvarez & Marsal is serving as financial advisor to the Company. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to the Company. Kroll is the claims agent and maintains the page https://restructuring.ra.kroll.com/RiteAid2025 Bank of America, N.A., as DIP Agent, is represented by lawyers at Greenberg Traurig, LLP; and Choate Hall & Stewart LLP. ROCKIES EXPRESS: S&P Affirms 'B+' ICR, Outlook Negative ------------------------------------------------------- S&P Global Ratings affirmed its 'B+' ICR on Rockies Express Pipeline LLC (REX) and its 'BB' issue-level rating on REX's senior unsecured notes. The recovery rating of '1' on the notes is unchanged. The negative outlook on REX reflects the negative outlook on its ultimate parent, Prairie, because S&P views these entities as being in the same group. REX continues to generate stable cash flow following the maturity of the Ovintiv contract in 2024. S&P expects REX's leverage (S&P Global Ratings-adjusted) will be about 5.2x-5.3x over the next two years. As a result, S&P Global Ratings continues to assess REX's stand-alone credit profile (SACP) as 'bb'. On Sept. 3, 2025, S&P Global Ratings affirmed its 'B+' issuer credit rating (ICR) on Prairie Acquiror L.P. (Prairie) and continues to view REX as a core entity under Prairie's group. REX's strong contractedness provides stable cash flows and predictable credit metrics. The company has been executing new contracts over the past two years. It executed about 1.4 billion cubic feet per day of incremental long-term contracts, which represent about $174 million incremental revenue, during 2024 and the first eight months of 2025. This has allowed the company to fully recover the revenues associated with the Ovintiv contract that matured in 2024. The commencement of the Trailblazer lease in August 2024 and the step-up of EQT Corp.'s contractual rate in April 2025 together bring about $80 million in annual revenue. S&P said, "We expect the company's leverage (S&P Global Ratings-adjusted) will be about 5.2x-5.3x over the next two years. Our credit metrics treat REX's preferred equity as debt because the preferred equity is redeemable at the option of Tallgrass Energy Partners L.P. (Tallgrass) at any time. Therefore, our view of REX's SACP of 'bb' is unchanged. However, we would revisit the SACP if REX's leverage improves or is sustained above 5.5x." S&P said, "We cap the ICR on REX at 'B+' because we view it as being a core entity under Prairie's group. We consider REX core to Prairie, given that, among other factors, REX is integrated into Prairie's business; has a strong, long-term commitment of support from the group under stressful conditions; is reasonably successful as a natural gas pipeline company; and accounts for about half of the group's EBITDA. Because we integrate REX into Prairie's group and assign a core group status on REX, we rate the ICR at the same level as the group credit profile, which is our 'B+' ICR on Prairie. "The negative outlook on REX reflects the negative outlook on Prairie. The negative outlook on Prairie reflects our expectation that Prairie's leverage will be elevated above 7.5x while the company pursues the conversion of the Trailblazer pipeline to carbon dioxide service. "We could lower our rating on REX if we lowered our rating on Prairie. We could lower our rating on Prairie if we expect the company will not deleverage as planned and will sustain leverage above 7.5x over the long term." This could happen if: -- Prairie and Tallgrass face delays or other obstacles in project construction, leading to cost overruns that elevate execution and strategic risk; or -- Prairie and Tallgrass announce any debt-financed projects without offsetting cash inflows. S&P said, "We could revise the outlook on REX to stable if we revised the outlook on Prairie to stable. We would revise the outlook on Prairie if we have visibility into the company de-leveraging sustainably below 7.5x." This could be a result of the following: -- Clear line of sight into the Trailblazer project moving to commercial operation, which leads to increased EBITDA of Prairie, coupled with reduced capital expenditures (capex) and increased free cash flow allocated to debt repayment that leads to deleveraging; and -- S&P's view that the Prairie's financial policy is supportive of leverage being maintained below 7.5x. RUNITONETIME LLC: Seeks to Sell De Minimis Assets ------------------------------------------------- RunItOneTime LLC seeks permission from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell De Minimis Assets, free and clear of liens, claims, interests, and encumbrances. The Debtors are a privately held gaming and entertainment company focused on acquiring undervalued gaming assets and implementing operational changes to improve profitability. The Debtors own and operate a portfolio of casinos, card rooms, hotels, and other gaming- and hospitality-related assets across Washington State, Nevada, and Colorado, including 17 card rooms in Washington State and several casinos and hotels in Nevada and Colorado, reflecting a total of approximately 2,500 slot machines, 320 table games, 1,200 hotel rooms, and 30 restaurants. The Debtors' operating businesses also include the EGads! fabrication and installation business, a gaming and hospitality industry leader in the design, fabrication, assembly and installation of casino interiors, custom signage, lighting, and architectural treatments, and the Utah Trailways charter company, which facilitates customer gaming excursions from Salt Lake City, Utah, to the Debtors’ operating properties in Wendover, Nevada. The Debtors anticipate that, during the pendency of the Chapter 11 Cases, they are likely to enter into ordinary-course transactions to sell De Minimis Assets. Such De Minimis Assets include vehicles, equipment, furniture, fixtures, and other assets that are no longer needed or are otherwise not useful to the Debtors' business operations or that the Debtors otherwise have a legitimate business reason to sell. The Debtors have determined, in their business judgment, that conducting periodic De Minimis Transactions is necessary and will be beneficial to their estates and help maximize recoveries for creditors. The Debtors believe that obtaining Court approval of each De Minimis Transaction would be administratively burdensome, costly to the Debtors' estates, and could eliminate or substantially undermine economic benefits that would be realized from such De Minimis Transactions. Out of an abundance of caution and to alleviate the cost and delay of filing a separate motion for each proposed De Minimis Transaction, the Debtors seek approval of the De Minimis Asset Sale Procedures. The procedures will enable the Debtors to continue their efforts to sell De Minimis Assets in an efficient manner, while permitting review by certain parties in interest. For property that has a fair market value or book value of $100,000 or less and is proposed to be sold in a De Minimis Transaction, or in a series of related De Minimis Transactions. If multiple properties, each with a fair market value or book value of $100,000 or less, are sold in a series of De Minimis Transactions to a party, but in the aggregate exceed $100,000 in fair market value or book value, then such De Minimis Transactions will be subject to the Noticed De Minimis Asset Sale procedures. Any Non-Noticed De Minimis Asset Sale of property shall be free and clear of all liens, claims, and encumbrances. For property that has a fair market value equal or book value to or greater than $100,000, and less than or equal to $500,000, and that is proposed to be sold in a De Minimis Transaction, or in a series of related De Minimis Transactions. The Debtors also seek authorization to take any action that is reasonable or necessary to close De Minimis Transactions and to obtain the proceeds thereof, including, without limitation, paying reasonable and necessary fees and expenses to purchasers, agents, brokers, auctioneers, if any, without the need to file separate retention or fee applications for such professionals, solely to the extent of services provided in connection with a De Minimis Transaction. The amount of proposed fees or expenses to be paid shall be disclosed in the E-mail Notification or the De Minimis Asset Sale Notice, as applicable. 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. RYLIE DAVIS: Seeks Chapter 11 Bankruptcy in Georgia --------------------------------------------------- On September 1, 2025, Rylie Davis Property LLC filed Chapter 11 protection in the Northern District of Georgia. 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 Rylie Davis Property LLC Rylie Davis Property LLC leases commercial and residential real estate and participates in equity REITs focused on property leasing. Rylie Davis Property LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-21226) on September 1, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by William Rountree, Esq. at ROUNTREE, LEITMAN, KLEIN & GEER, LLC. RYLIE DAVIS: To Sell Alpharetta Property for $3.39MM ---------------------------------------------------- Rylie Davis Property, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Gainesville Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 4015 Discovery Dr., Alpharetta, Georgia 30004 and the Debtor wants to sell the Property to 4015 Discovery LLC. The Debtor proposes to sell the Property for $3,390,000.00. The Property is the location of a daycare facility owned and operated by Hart & Hart Investments, Inc. under a franchise agreement with Discovery Point Franchising, Inc (Franchisor). The Debtor and Hart & Hart are affiliates of each other by virtue of common ownership. Mr. David Hart and Ms. Tammy Hart each hold 50% ownership interest in both the Debtor and Hart & Hart. The Sale is contingent upon the simultaneous closing of the transaction outlined in the Asset Purchase Agreement between Hart & Hart as seller and Alpharetta Academy, LLC as purchaser for the sale of the assets of Hart & Hart. The lienholders of the Property are Discovery Drive LLC and Clifford M. Clark. Clark is the owner of the Franchisor and of Discovery Drive, LLC. The Debtor and Hart & Hart were involved in a dispute with Clark pre-petition and Clark refused to provide a payoff of the secured loans so that the Sale could close. The Debtor believes that it was Clark's intention to thwart the Sale so that he could obtain ownership of the Property. The Purchaser secured an SBA-backed loan with a bank to fund the Purchase Price. The Purchaser found out that its bank was being acquired by another bank effective last Friday, August 29, 2025. The new bank does not offer SBA loans but agreed to honor the loan as long as it could close right away. If the Purchaser lost its funding, then the Sale would not close. In order to salvage the Sale, on August 29, 2025, prior to the filing of the instant case, the Sale closed in escrow. The Debtor and the Purchaser signed closing documents which are being held and have not been delivered pending the approval of this Motion. On September 2, 2025 the Purchaser's lender funded the Purchase Price and the funds are being held in escrow with the closing firm. The Debtor has determined the Sale is in the best interests of the estate and its creditors. The Sale will pay all of the Debtor’s creditors in full and will result in excess proceeds. The Purchaser is not an insider of the Debtor and the Debtor submits that the Purchase Price amounts to fair market value for the Property. The Debtor proposes to sell the Property, free and clear of liens, claims, and encumbrances, with all liens or security interests of any creditors attaching to the proceeds of the sale. About Rylie Davis Property, LLC Rylie Davis Property, LLC leases commercial and residential real estate and participates in equity REITs focused on property leasing. Rylie Davis Property sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.: 25-21226) on August 29, 2025. In the petition was signed by David Hart as owner, the Debtor reports an estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. William Rountree, Esq., at ROUNTREE, LEITMAN, KLEIN & GEER, LLC, represents the Debtor as legal counsel. S&G HOSPITALITY: Updates Unsecured Claims Pay Details ----------------------------------------------------- S&G Hospitality, Inc., and affiliates submitted a Disclosure Statement describing Third Amended Joint Plan of Reorganization dated August 26, 2025. As shown by the financial projections, the Debtors believe they will have sufficient liquidity to make each of these proposed payments. Class 3B consists of any Allowed Claims held by RSS that are Unsecured Claims in the event that the 1111(b) Election is withdrawn. On the Effective Date, RSS shall receive on account of its unsecured claim the right to share pro rata with holders of Class 4B, 5B, and 6 claims in the Deferred General Unsecured Payments. The allowed unsecured claims total $0 to 500,000. This Class will receive a distribution of 0% to 6% of their allowed claims. Class 4A consists of any Allowed Unsecured Claim held by Itria. On account of any Allowed Class 4B Claim, Itria has the right to share Pro Rata in the Deferred General Unsecured Payments with the holders of the Class 3B Claims, the Class 5B Claims, and the Class 6 General Unsecured Claims. The allowed unsecured claims total $1,000,000 to $1,100,000. This Class will receive a distribution of 0% to 6% of their allowed claims. Class 5B consists of any Allowed Unsecured Claims held by the SBA. On account of any Allowed Class 5B Claim, the SBA has the right to share Pro Rata in the Deferred General Unsecured Payments with the holders of the Class 3B Claims, the Class 4B Claims, and the Class 6 General Unsecured Claims. This Class will receive a distribution of 0% to 6% of their allowed claims. Class 6 consists of any Allowed Unsecured Claims not otherwise classified by Article III of the Plan. Each holder of an Allowed Claim in Class 6 shall receive a Pro Rata share of the Deferred General Unsecured Payments with the holders of the Class 3B Claims, the Class 4B Claims, and the Class 6 General Unsecured Claims. The allowed unsecured claims total $1,000,000 to $2,000,000. This Class will receive a distribution of 0% to 6% of their allowed claims. A key component of the Plan is that it provides for all of the equity in S&G to be cancelled and for all of the ownership in Reorganized S&G to be received by an investor in return for its making an investment of at least $500,000 in new equity to help provide fund working capital for the Debtors on a going forward basis, the expenses of the FRCM renovation of the Hampton Inn Lancaster and to pay administrative expenses of these cases. On January 1, 2025, the Debtors executed a letter of intent with SDGD to make an infusion of $500,000 in equity under the Plan in return for 100% of the ownership of Reorganized S&G. On January 15, 2025, the Debtors filed a motion to approve the letter of intent with SDGD, along with bidding procedures for other parties to submit higher and better bids for the equity in S&G by offering to submit more for that equity. On March 27, 2025, the Bankruptcy Court entered an order approving the LOI and bidding procedures for other parties to submit higher and better bids. No party submitted a bid by the May 2, 2025 deadline established in the bidding procedures. If SDGD ends up being approved as the new equity investor under the Plan, it has committed to keeping InnVite as the manager of each of three hotel debtors under the Debtors' current management agreements with InnVite, which make it responsible for running the ordinary business operations of the Debtors. InnVite's president is Mr. Vasani who has 25 years of experience in hotel operations and is currently an acceptable operator for Red Roof, Hilton (as the Hampton Inn), and Quality Inn. InnVite would in return be receiving a management fee of 3% of hotel revenues plus the other fees laid out in the management agreements for other services. If SDGD ends up becoming the sole owner of Reorganized S&G on the Effective Date and the Management Agreement with InnVite is assumed, InnVite and the Debtors will enter into the InnVite Settlement. Under this settlement, InnVite shall (a) provide the Reorganized Debtors a line of credit of up to $400,000 with such repayment terms are specified by InnVite to help fund working capital needs and the costs of the Fixed Revenue Cycle Management renovations with Hilton for the Hampton Inn Lancaster and (b) a release of all claims InnVite has arising before the Effective Date under the Management Agreement. A full-text copy of the Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=PTLMXt from PacerMonitor.com at no charge. Counsel to the Debtors: David Beck, Esq. CARPENTER LIPPS LLP 280 North High Street, Suite 1300 Columbus, OH 43215 Tel: (614) 365-4100 Fax: (614) 365-9145 E-mail: beck@carpenterlipps.com About S&G Hospitality S&G Hospitality, Inc. is part of the traveler accommodation industry. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 23-52859) on August 18, 2023. In the petition signed by Abijit Vasani, president, the Debtor disclosed up to $10 million in assets and up to $1 million in liabilities. Judge Mina Nami Khorrami oversees the case. The Debtor tapped David Beck, Esq., at Carpenter Lipps LLP as legal counsel and Contemporary Business Solutions, Inc. as accountant. SCENIC CITY: Seeks to Extend Plan Exclusivity to January 29, 2026 ----------------------------------------------------------------- Scenic City Boot Camp, LLC, and Kevin and Kristen Harvey asked the U.S. Bankruptcy Court for the Eastern District of Tennessee to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to January 29, 2026 and March 16, 2026, respectively. For cause, the Debtors would show unto the Court that the Proof of Claim deadline is August 4, 2025, and they will need additional time to review the filed claims and propose a feasible plan of reorganization. For additional cause, the Debtors aver that they have in good faith complied with all Chapter 11 requirements to do date, and they're not behind on any quarterly fees to the U.S. Trustee as of the date of this Motion. Additionally, as membership enrollment of typically wanes during the summer months and surges during the fall and after the first of the year, having the benefit of additional operating reports will demonstrate to all interested parties the feasibility of Chapter 11 reorganization. The Debtors further assert that they have demonstrated reasonable prospects for presenting a viable plan. The Debtor's operating reports filed thus far show total receipts of no less than $16,703.00. The Debtors request pursuant that the Court extend the exclusivity period for filing a Chapter 11 Plan of Reorganization to 300 days after the date of the order for relief, or January 29, 2026, which will avoid the need to file (and cost of filing) subsequent motions to extend the exclusivity period. Debtors anticipate that it will propose a Plan of reorganization within approximately 30 days after the filing of this Motion, however. Counsel to the Debtor: W. Thomas Bible, Jr., Esq. LAW OFFICE OF W. THOMAS BIBLE, JR. D/B/A TOM BIBLE LAW 6918 Shallowford Road, Suite 100 Chattanooga, TN 37421 Phone: (423) 424-3116 Fax: (423) 553-0639 Email: tom@tombiblelaw.com About Scenic City Boot Camp LLC Scenic City Boot Camp, LLC filed a Chapter 11 petition (Bankr. E.D. Tenn. Case No. 25-10863) on April 4, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. Kevin Harvey, president of Scenic City Boot Camp, signed the petition. Judge Nicholas W. Whittenburg oversees the case. W. Thomas Bible, Jr., Esq., at Tom Bible Law, represents the Debtor as bankruptcy counsel. SCHAFER FISHERIES: Cash Collateral Hearing Set for Sept. 12 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois, Western Division, is set to hold a hearing on September 12 to consider another extension of Schafer Fisheries, Inc.'s authority to use cash collateral. The Debtor's authority to use the cash collateral of Newtek Small Business Finance, LLC pursuant to the court's August 28 interim order expired on September 3. The Debtor requires the continued use of cash collateral to fund the operations of its business. Newtek's cash collateral includes proceeds of accounts receivable. As of the petition date, Newtek, in coordination with a loan guaranteed by the U.S. Small Business Administration, held a blanket lien on substantially all of the Debtor's assets, including accounts receivable. About Schafer Fisheries Schafer Fisheries Inc. is a seafood processor and distributor in Fulton, Ill. Schafer Fisheries filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-80824) on June 20, 2024, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Jennifer Schank of Fuhrman & Dodge, S.C. serves as Subchapter V trustee. Judge Thomas M. Lynch oversees the case. Schafer Fisheries tapped The Golding Law Offices PC and Leibowitz, Hiltz & Zanzig, LLC as bankruptcy counsel, and Philip Firrek as consultant. Newtek Small Business Finance, LLC, as secured creditor, is represented by: Paulina Garga-Chmiel, Esq. Dykema Gossett, PLLC 10 South Wacker Drive, Suite 2300 Chicago, IL 60606 Tel: 312-876-1700 pgarga@dykema.com SF OAKLAND BAY: Case Summary & Three Unsecured Creditors -------------------------------------------------------- Debtor: SF Oakland Bay LLC 401 Main St. San Francisco, CA 94105 Business Description: SF Oakland Bay LLC operates a $6 million parking garage at 401 Main St./38 Bryant St. in San Francisco, providing vehicle parking services to the public and nearby clients. Chapter 11 Petition Date: September 3, 2025 Court: United States Bankruptcy Court Northern District of California Case No.: 25-30699 Judge: Hon. Hannah L. Blumenstiel Debtor's Counsel: Peter Hadiaris, Esq. LAW OFFICE OF PETER N. HADIARIS 100 E. St. Ste. 210 Santa Rosa CA 95404 Tel: (415) 694-0052 E-mail: peter@hadiaris.com Total Assets: $6,416,741 Total Liabilities: $7,328,471 The petition was signed by Joseph Chua as president of managing member. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/AGQTPDA/SF_Oakland_Bay_LLC__canbke-25-30699__0001.0.pdf?mcid=tGE4TAMA SHANKARA LLC: Gets Extension to Access Cash Collateral ------------------------------------------------------ Shankara, LLC received another extension from the U.S. Bankruptcy Court for the Western District of Louisiana, Lake Charles Division, to use the cash collateral of its lender, First Western SBLC, Inc. The court's order authorized the Debtor's interim use of cash collateral until the final hearing on October 1 to pay operating expenses in accordance with its budget. First Western's cash collateral consists of rental income from the operation of the Comfort Suites Hotel. The lender holds a lien on the property and its rental income. As adequate protection, First Western will be granted a post-petition lien on the cash collateral, subordinate to the administrative claims of the U.S. Trustee and the Debtor's legal counsel and accountant. The Debtor's authority to use cash collateral terminates upon conversion of its Chapter 11 case to one under Chapter 7, the appointment of a trustee or examiner with expanded powers, plan confirmation, or entry of an order reversing, staying, vacating or modifying the terms of the court's final order. About Shankara LLC Shankara, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 24-20562) on December 12, 2024, listing up to $500,000 in assets and up to $10 million in liabilities. Sanjay Desai, manager and member, signed the petition. Judge John W. Kolwe oversees the case. Wade N. Kelly, Esq., at Wade N. Kelly LLC, represents the Debtor as legal counsel. SILGAN HOLDINGS: S&P Rates New EUR600MM Sr. Unsecured Notes 'BB-' ----------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issue-level rating and '6' recovery rating to Silgan Holdings Inc.'s EUR600 million senior unsecured notes due 2032. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of a payment default. The company will use the proceeds from these notes to pay down outstanding borrowings under its revolving credit facility (RCF). The company previously drew down on its European revolver and utilized cash on had in early 2025 to repay EUR650 million of senior notes that matured in March 2025. S&P said, "The stable outlook on the company reflects our expectation for continued deleveraging below 4x at the end of 2025, as Silgan continues to integrate its most recent acquisition, Weener Plastics, which it funded with the proceeds from a EUR700 million incremental term loan and revolving term loan borrowings under its senior secured credit facility in the fourth quarter of 2024. We believe the company's current capabilities and history of integrating previous acquisitions within its dispensing category supports the company's EUR20 million budgeted cost synergies primarily related to procurement, manufacturing, and operations, which the company noted is on track though the second quarter. "We forecast 2025 S&P Global Ratings-adjusted EBITDA margin will be higher than in 2024. This reflects continued growth within the high-margin nature of dispensing products, ongoing operational improvements through its cost-savings program, and the positive effect of the Weener acquisition. While we expect leverage will return to below 4x at year end, first-half volume headwinds with a metal container customer and hot fill specialty closures, along with weaker performance through the second half, could cause leverage to remain elevated." SKYSKOPES INC: U.S. Trustee Appoints Creditors' Committee --------------------------------------------------------- The U.S. Trustee for Region 14 appointed an official committee to represent unsecured creditors in the Chapter 11 case of SkySkopes Inc. The committee members are: 1. Sacramento Executive Helicopters Dba Wilson Utility Helicopters Attn: Ronald Stewart, President P.O. Box 1190 Canby, OR 97013 Phone: 503-263-6882 Email: rons@wilsonheli.com 2. Vertex Unmanned Solutions, LLC Attn: Logan Noess 14212 23rd Avenue N Plymouth, MN 55447 Phone: 612-358-4082 Email: logan@vertexunmanned.com 3. Blake Norris 4988 Via Estrella Newbury Park, CA 91320 Phone: 805-340-5421 Email: blakenor0@gmail.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 SkySkopes Inc. SkySkopes Inc. provides aviation and geospatial services to clients in the oil and gas, infrastructure, electric utility, and geospatial sectors. The company operates a fleet of drones, helicopters, and fixed-wing aircraft, and offers data-driven solutions through a team of industry professionals. SkySkopes sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-05420) on June 13, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Judge Daniel P. Collins handles the case. The Debtor is represented by Randy Nussbaum, Esq., at Cavanagh Law Firm, PA. SL GREEN: S&P Alters Outlook to Stable, Affirms 'BB' ICR -------------------------------------------------------- S&P Global Ratings revised its outlook on SL Green Realty Corp. to stable from negative and affirmed all ratings, including its 'BB' issuer credit rating and 'BB+' issue-level rating on the company's unsecured debt. The recovery rating on the debt remains '2'. S&P also affirmed its 'B' issue-level rating on the company's preferred stock. S&P said, "The stable outlook reflects our expectation that SL Green's portfolio will continue performing well, with support from solid leasing activity and manageable lease expirations. We expect relatively flat to slightly improving occupancy over the next two years, with same-store cash net operating income (NOI) increasing in the low-single-digit percentage area. We project S&P Global Ratings-adjusted debt to EBITDA to remain in the low-11x area through year-end 2025, with modest improvement in 2026." SL Green's high-quality, Manhattan-focused portfolio has performed well amid a challenging office environment, with solid leasing activity and increasing occupancy levels. Moreover, the company's key credit metrics have improved modestly in recent quarters, with support from solid operating performance, asset sales, and equity issuance. S&P said, "We believe SL Green's Manhattan-focused, high-quality portfolio is performing well, demonstrated by solid leasing activity and improving occupancy. As of June 30, 2025, the company's Manhattan same-store office portfolio leased rate improved to 91.4%, compared with 89.6% a year prior. The portfolio's occupancy is one of the highest among our rated office REITs and far outperforms peers on the West Coast. The company expects to increase Manhattan same-store office occupancy to 93.2% by year-end 2025 following strong leasing activity over the past few quarters. During the second quarter of 2025, SL Green signed 46 office leases totaling 541,721 square feet, with 2.4% re-leasing spreads. "We believe the company's occupancy will improve modestly over the next two years. Supporting this is its high-quality properties and a manageable, consolidated Manhattan portfolio lease expiration schedule (office and retail), with 5.2% of total square feet expiring in 2025, 9.2% in 2026, and 8.8% in 2027. For the six-months-ended June 30, 2025, the company's same-store cash NOI, excluding lease termination income, increased 0.7% compared with one year prior. However, we expect lower tenant retention to persist (relative to pre-pandemic level), which could pressure SL Green's occupancy and rental rates. That said, leasing activity for higher-quality assets has been relatively strong over the past year and office utilization in New York continues to improve modestly, which should offset these headwinds." SL Green's key credit metrics have improved modestly over the past year, supported by solid operating performance, asset sale proceeds and equity issuance. As of June 30, 2025, SL Green's S&P Global Ratings-adjusted debt to EBITDA was 11.3x compared with 13.3x and adjusted fixed-charge coverage (FCC) improved to 1.6x from 1.5x over the last year. SL Green has successfully sold assets over the past several years that supported debt reduction, including the Giorgio Armani Residences and interests in One Vanderbilt Avenue over the past year. Moreover, in November 2024, the company completed a public equity offering of $400 million, which supported further improvement in key credit metrics. S&P forecasts adjusted debt to EBITDA to remain in the low-11x area in 2025, with slight improvement in 2026, assuming the portfolio's operating performance remains healthy. Refinancing efforts have been successful to date, but large upcoming maturities pose some risk. SL Green's debt maturity schedule largely consists of nonrecourse secured debt, and the company has been successful at refinancing its debt when it matures. That said, excluding extension options, the company's weighted average maturity of debt remains below three years, and we apply a negative capital structure modifier score to account for the near-term maturity schedule. Material recourse debt maturities don't mature until 2027 but could heighten liquidity concerns if they aren't addressed in a proactive and timely manner. S&P said, "The stable outlook reflects our expectation that SL Green's portfolio will continue to perform well, supported by solid leasing activity and manageable lease expirations. We expect relatively flat to slightly improving occupancy over the next two years, with same-store cash NOI increasing in the low-single-digit percentage area. We project S&P Global Ratings-adjusted debt to EBITDA to remain in the low-11x area through year-end 2025, with modest improvement in 2026." S&P could lower its ratings by one notch if: -- The company is unable to successfully refinance its upcoming debt maturities well in advance of maturity, heightening liquidity concerns; -- Operating performance deteriorates well beyond our current projections, with occupancy declining to the low-80% area, coupled with pressure on same-property cash NOI; or -- Adjusted debt to EBITDA rises to and is sustained above 11.5x or FCC declines below 1.5x over the next 12 months. S&P could raise its ratings if: -- SL Green successfully refinances and extends its upcoming maturities such that its weighted average maturity of debt rises comfortably above three years; or -- SL Green adopts a more conservative financial policy and strengthens its credit protection measures such that adjusted debt to EBITDA is sustained below 9.5x, with FCC sustained above 1.7x; and -- Operating performance is sustained near current levels, with occupancy maintained near 90% and flat to slightly positive same-store cash NOI. SOLEMN INVESTMENTS: Court OKs Interim Use of Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Texas authorized Solemn Investments Inc. to use cash collateral on an interim basis. The Debtor was authorized to use cash collateral as per the budget, subject to a 10% variance and continue its factoring arrangement with American Prudential Capital in the ordinary course. As adequate protection, secured creditors will be granted a replacement lien on the Debtor's post-petition property to the same extent and with the same validity and priority as their pre-bankruptcy liens. In addition, secured creditors will be granted administrative expense priority claims under Section 364(c)(1) & 507(b). Meanwhile, the Debtor was ordered to continue its monthly lease payments of $9,587.82 to Trans Lease, Inc. All cash collateral must be kept in a segregated debtor-in-possession account at an authorized depository, according to the interim order. The final hearing is scheduled for September 29. About Solemn Investments Inc. Solemn Investments Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34630) on August 8, 2025. In the petition signed by Arthur Walters, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Eduardo V. Rodriguez oversees the case. Jeremy Wood, Esq., at Law Office of Jeremy T. Wood, PLLC, represents the Debtor as legal counsel. SOUND VISION: Gets Interim OK to Use Cash Collateral Until Sept. 30 ------------------------------------------------------------------- Sound Vision Care, Inc. and its affiliates received second interim approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral. The second interim order authorized the Debtors to use cash collateral through September 30 to pay the expenses set forth in the approved budget, subject to a 10% variance. As adequate protection, the Debtors must make monthly payments of $45,457.76 to U.S. Eagle Federal Credit Union, $1,822.00 to Bank of America, N.A., and $4,331.40 to Flushing National Bank. In addition, the secured creditors will be granted automatically perfected replacement liens on all assets of the Debtors, with the same validity, priority and order as their pre-bankruptcy liens. The replacement liens do not apply to any Chapter 5 avoidance actions and the proceeds thereof. In case the replacement liens prove inadequate, the secured creditors will receive superpriority administrative expense claims., according to the second interim order. The order also establishes a carveout for U.S. trustee fees and hypothetical Chapter 7 trustee fees (capped at $10,000). The Debtors' right to use cash collateral terminates upon occurrence of certain events such as case dismissal or conversion, plan confirmation, uncured defaults, unauthorized modifications to the order, or cessation of business operations. A final hearing is scheduled for September 25. About Sound Vision Care Inc. Sound Vision Care, Inc. provides comprehensive eye care services, including eye exams, treatment for various eye conditions, and personalized fittings for eyeglasses and contact lenses. Operating in Riverhead, Southold, and Southampton, New York, the practice serves patients of all ages and needs. The clinic is staffed by trained professionals and led by Dr. Jeffrey Williams, who offers referrals to ophthalmologists for surgical care. Sound Vision Care and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Lead Case No. 25-72421) on June 23, 2025. In its petition, Sound Vision Care reported estimated assets between $50,000 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtors are represented by Robert L. Rattet, Esq., at Davidoff Hutcher & Citron, LLP. SPITFIRE ENERGY: Updates Liquidating Plan Disclosures ----------------------------------------------------- Spitfire Energy Group, LLC, submitted a Second Amended Disclosure Statement describing Second Amended Chapter 11 Plan dated August 26, 2025. The Plan contemplates the monetization and liquidation of the Debtor's remaining assets, with the proceeds thereof distributed to holders of allowed claims and interests. In addition, New Value contributed by the Debtor's existing equity holders in the amount of $525,000.00 will be used for the payment of the Allowed Claims of the Debtor's professionals. A Litigation Trust will be established to take possession of the majority of the Debtor's assets, including certain litigation claims. The Litigation Trustee will liquidate and monetize said assets and litigation claims and make distributions to holders of allowed claims and interests pursuant to the priority scheme outlined in the Plan. On the Effective Date, the Litigation Trust shall be created pursuant to the Litigation Trust Agreement. The Litigation Trust shall operate under the provisions of the Litigation Trust Agreement. The Litigation Trust shall be administered by the Litigation Trustee. The Litigation Trustee shall be appointed as of the Effective Date and shall be compensated and otherwise bound by the terms of the Litigation Trust Agreement without further order of the Bankruptcy Court. The Litigation Trust Agreement shall be deemed approved and effective on the Effective Date subject to execution by the Litigation Trustee and the Debtor. The Plan divides the Claims of Creditors into six Classes. The treatment of each Class is specified in the Plan. Holders of Allowed Claims and Interests will receive interests in the Litigation Trust pursuant to the terms of the Litigation Trust Agreement. Like in the prior iteration of the Plan, Class 4 Claims shall consist of the Allowed Unsecured Claims. Asserted Unsecured Claims approximate $28,238,479.14 by 24 separate creditors. Allowed Unsecured Claims are guaranteed no fixed minimum percentage or dividend pursuant to this Plan. Except to the extent that a holder of a Class 4 Claim has been paid before the Effective Date or agrees to a different treatment in writing, in full and final satisfaction, settlement, and release of and in exchange for such Allowed Claim, each holder thereof shall receive the Pro Rata share, up to the amount of such Allowed Claim, of all Proceeds, after all other expenses and Plan payments are made, to include, but not limited to, post confirmation administrative expenses, as and to the extent Proceeds come available. Creditor payments shall be paid Pro Rata pursuant to Plan. Class 4 claims are impaired and entitled to vote to accept or reject the Plan. The Class 5 Claims shall consist of Interests in the Debtor. The Debtor's Interests are currently owned by Reign Capital Holdings LLC. The Debtor's existing Interest holders shall pay or cause to be paid to the Debtor the New Value in cash, in full, on the Effective Date; provided, however, that the Debtor's existing Interest holders shall be entitled to receive credit towards the New Value for any payments made by or on behalf of such Interest holders to the Debtor's professionals for fees and expenses approved by the Bankruptcy Court. The Debtor has sold substantially all of its operating assets, with the only material assets remaining being ongoing litigation claims, which will be prosecuted by the Debtor and Litigation Trustee. In light of the fee arrangements for those litigation matters, the Debtor does not anticipate incurring future material expenses, other than ongoing legal fees, which may potentially include claims litigation. A full-text copy of the Second Amended Disclosure Statement dated August 26, 2025 is available at https://urlcurt.com/u?l=mxGdNH from PacerMonitor.com at no charge. Spitfire Energy Group, LLC is represented by: Clayton D. Ketter, Esq. PHILLIPS MURRAH P.C. 3710 Rawlins Street, Suite 900 Dallas, TX 75219 Tel: (405) 235-4100 Email: cdketter@phillipsmurrah.com - and - Jason A. Sansone, Esq. PHILLIPS MURRAH P.C. 101 North Robinson Ave., Suite 1300 Oklahoma City, OK 73102 Tel: (405) 235-4100 Email: jasansone@phillipsmurrah.com About Spitfire Energy Group Spitfire Energy Group, LLC is a strategic midstream and water management provider and currently operates commercial saltwater disposal facilities in the Texas panhandle with over 165 miles of pipeline gathering and a disposal capacity of over 100,000 barrels per day. Such facilities are primarily located in Hemphill County and Wheeler County, Texas. Spitfire Energy Group filed Chapter 11 petition (Bankr. N.D. Texas Case No. 23-20186) on Sept. 1, 2023, with $10 million to $50 million in both assets and liabilities. David D. Le Norman, manager, signed the petition. Judge Robert L. Jones oversees the case. The Debtor tapped Clayton D. Ketter, Esq., at Phillips Murrah PC as legal counsel; Energy Capital Solutions, LLC as investment banker; and Watts Guerra LLP, Lovell, Isern & Farabough, LLP and Lovell Hoffman Law, PLLC as special litigation counsel. STANTON VIEW: Seeks Chapter 11 Bankruptcy in Georgia ---------------------------------------------------- On September 2, 2025, Stanton View LLC filed Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filing, the Debtor reports $6,170,665 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Stanton View LLC Stanton View LLC owns and operates an apartment complex located at 2040 Stanton Road in East Point, Georgia, which has an appraised value of $11 million. The Company is classified as a single-asset real estate entity under U.S. law, focusing on the management of this property. Stanton View LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga.Case No. 25-60053) on September 2, 2025. In its petition, the Debtor reports total assets of $11,137,378 and total liabilities of $6,170,665. Honorable Bankruptcy Judge Sage M. Sigler handles the case. The Debtor is represented by Michael D Robl, Esq. at ROBL & BOWEN LLC. SUITECENTRIC LLC: Case Summary & 16 Unsecured Creditors ------------------------------------------------------- Debtor: SuiteCentric LLC 101 Cooper St. Santa Cruz, CA 95060 Business Description: SuiteCentric LLC, an Oracle NetSuite Solution Provider and member of NetSuite's Commerce Agency Program, delivers Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), SuiteCommerce Advanced, and related business module solutions. The Company provides implementation, support, customization, and development services, specializing in SuiteCommerce Advanced and ERP, and offers the SuiteAscent + SuiteSuccess bundle for small businesses. SuiteCentric serves clients across wholesale and distribution, retail and e-commerce, construction, health and beauty, manufacturing, software, apparel, food and beverage, and other industries. Chapter 11 Petition Date: September 3, 2025 Court: United States Bankruptcy Court Western District of Washington Case No.: 25-12449 Judge: Hon. Timothy W Dore Debtor's Counsel: Thomas D. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Tel: (425) 212-4800 Fax: (425) 212-4802 E-mail: courtmail@expresslaw.com Total Assets: $354,739 Total Liabilities: $1,455,558 The petition was signed by Adam Baruh as managing member. A full-text copy of the petition, which includes a list of the Debtor's 16 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CVUHYDY/SuiteCentric_LLC__wawbke-25-12449__0001.0.pdf?mcid=tGE4TAMA SUNNOVA ENERGY: Strikes Deal on Chapter 11 Solar System Asset Sales ------------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that bankrupt solar panel company Sunnova Energy International is seeking Texas court approval for a settlement that would end a sales dispute by handing disputed systems to the buyer in return for $30 million in cash and additional non-cash value. About Sunnova Energy Sunnova Energy International Inc. (NYSE: NOVA) is an industry-leading adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses. Through its adaptive energy platform, Sunnova provides a better energy service at a better price to deliver its mission of powering energy independence. Sunnova Energy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90160) on June 8, 2025. In its petition, the Debto reports estimated assets and liabilities between $10 billion and $50 billion each. The Debtor is represented by Jason Gary Cohen, Esq. at Bracewell LLP. SYNAPSE FINANCIAL: Former Leaders Face FINRA Misconduct Claims -------------------------------------------------------------- PYMNTS reports that the Financial Industry Regulatory Authority (FINRA) has launched an investigation into two former executives of Synapse Financial Technologies, the bankrupt banking-as-a-service provider. According to Bloomberg, the probe centers on allegations of misconduct by Jeffrey Stanley, the former president and CEO of Synapse's brokerage arm, and Mark Paverman, the unit's former chief compliance officer. The complaint, filed on Aug. 28, claims Stanley opened customer cash-management accounts without authorization and failed to address discrepancies between Synapse's records and those of its partner bank, the report related. Stanley's attorney told Bloomberg that he "denies the allegations" and intends to fight the case. Paverman, meanwhile, is accused of neglecting to retain key emails and of supplying false information during a prior FINRA investigation. He did not respond to Bloomberg’s request for comment. Synapse filed for Chapter 11 bankruptcy in April 2024, disrupting more than 100 firms that relied on its technology to integrate banking services into their platforms. The bankruptcy trustee later revealed that approximately $85 million in customer funds were unaccounted for, with the firm's complex system of bank accounts and ledgers complicating recovery efforts, according to PYMNTS. In a separate action, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Synapse on August 21, 2025, alleging the company failed to maintain accurate records of customer funds and to reconcile those records with its partner banks. The CFPB is seeking a $1 civil penalty to unlock its Civil Penalty Fund, allowing compensation for consumers who lost access to their money, the report states. 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. TAKARA GROUP: Hires Winslow McCurry & MacCormac PLLC as Attorney ---------------------------------------------------------------- Takara Group, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Winslow, McCurry & MacCormac, PLLC as its attorneys. The firm's services include: a) advising the Debtor with respect to its powers and duties as debtor in possession in the continued management and operation of its business and properties; b) advising and consulting on the conduct of the Bankruptcy Case, including all of the legal and administrative requirements of operating in Chapter 11; c) attending meetings and negotiating with representatives of Debtor's creditors and other parties in interest; d) taking all necessary action to protect and preserve the Debtor's estate; e) preparing all pleadings, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtor's estate; f) representing the Debtor in connection with obtaining post-petition financing, if necessary; g) advising the Debtor in connection with any potential sale of assets; h) appearing before the Court to represent the interests of the Debtor's estate before the Court; i) taking any necessary action on behalf of the Debtor to negotiate, prepare on behalf of the Debtor, and obtain approval of a Chapter 11 plan and documents related thereto; and j) performing all other necessary or otherwise beneficial legal services to the Debtor in connection with prosecution of this Bankruptcy Case. The firm will be paid at these rates: Christopher M. Winslow, Esq. $425 per hour Senior Bankruptcy Paralegal $195 per hour The firm received a retainer in the amount of $12,000, which includes the filing fee of $1,738. As disclosed in the court filings, Winslow, McCurry & MacCormac is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The firm can be reached through: Christopher M. Winslow Esq. WINSLOW, MCCURRY & MACCORMAC, PLLC 1324 Sycamore Square Midlothian, VA 23113 Tel: (804) 423-1382 Fax: (804) 423-1383 Email: chris@wmmlegal.com About Takara Group LLC Takara Group, LLC is a full-service restaurant specializing in serving ramen noodle dishes. The Debtor filed Chapter 11 petition (Bankr. E.D. Va. Case No. 25-31283) on April 1, 2025, listing up to $100,000 in assets and up to $1 million in liabilities. Christopher M. Winslow, Esq., at Winslow, McCurry & MacCormac, PLLC, represents the Debtor as legal counsel. TAMPA BRASS: Gets Extension to Access Cash Collateral ----------------------------------------------------- Tampa Brass and Aluminum Corporation received another extension from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral to fund operations. The court's ninth interim order authorized the Debtor to access cash collateral until the earlier of the Chapter 11 plan's effective date or a further hearing on September 11. The Debtor intends to use its cash collateral to pay the amounts expressly authorized by the court; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts subject to approval by First Florida Integrity Bank. As adequate protection, First Florida and other lenders with a security interest in the cash collateral will have a perfected post-petition lien on the cash collateral, with the same validity, priority and extent as their pre-bankruptcy lien. In addition, the Debtor was ordered to keep its property insured in accordance with its loan and security agreements with the lenders. First Florida, Breakout Capital, LLC and the U.S. Small Business Administration are the lenders identified by the Debtor that may assert an interest in the cash collateral. The Debtor owes First Florida approximately $5.625 million under an asset-based financing facility. First Florida asserts a first priority, blanket lien on substantially all of the Debtor's assets. Meanwhile, the Debtor has two loans with SBA in the total amount of $3.25 million, which are secured by junior liens, and a merchant cash advance loan with Breakout Capital, which asserts a lien on accounts receivable. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/NsoU3 from PacerMonitor.com. About Tampa Brass and Aluminum Corporation Tampa Brass and Aluminum Corporation -- https://tampabrass.com/about/ -- is a supplier of cast machined parts for the commercial and defense industries. The company is based in Tampa, Fla. Tampa Brass and Aluminum filed Chapter 11 petition (Bankr. M.D. Fla. Case No. 25-00105) on January 9, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Judge Roberta A. Colton oversees the case. Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Postler, P.A. is the Debtor's legal counsel. The U.S. Trustee for Region 21 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. TEXAS HEALTH: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Texas issued a final order authorizing Texas Health Foundation, Inc. to use cash collateral to fund operations. The final order penned by Judge Joshua Searcy authorized the Debtor's use of cash collateral to pay the expenses set forth in its budget and unforeseen operating costs. The Debtor may use cash collateral to pay up to 110% of individual expenses, provided total monthly spending does not exceed 10% of the overall budget. The budget projects total cash disbursement of $210,011.39. Secured creditors including First Financial Bank, N.A. and Velocity Capital Group, LLC may assert interest in the cash collateral. As adequate protection, these secured creditors will be granted replacement liens on cash collateral generated and property acquired by the Debtor after its Chapter 11 filing, with the same priority and extent as their pre-bankruptcy liens. The replacement liens do not apply to any Chapter 5 causes of action. In addition, the Debtor was ordered to make monthly payment of $740 to First Financial Bank, $740 to Velocity Capital Group, and $260 to Throttle Funding, LLC. About Texas Health Foundation Inc. Texas Health Foundation Inc., operating as Texas Center for Health, provides a wide range of healthcare services with a focus on both women's and men's health. The center specializes in areas such as obstetrics, gynecology, hormone replacement therapy, infertility treatments, weight loss programs, and aesthetic services like injectables and skincare. With a commitment to patient-centered care, the practice strives to offer tailored healthcare in a comfortable and efficient setting, including the convenience of telehealth options. Texas Health Foundation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-10143) on April 3, 2025. In its petition, the Debtor reported total assets of $649,918 and total liabilities of $3,245,968. Judge Joshua P. Searcy oversees the case. The Debtor is represented by: Robert C. Lane, Esq. The Lane Law Firm, PLLC Tel: 713-595-8200 Email: chip.lane@lanelaw.com TGI FRIDAY'S: Seeks to Extend Plan Exclusivity to October 28 ------------------------------------------------------------ TGI Friday's Inc. and affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to October 28 and December 27, 2025, respectively. The Debtors explain that ample cause exists to grant the relief requested by this Motion in these Chapter 11 Cases. The relevant factors strongly weigh in favor of an extension of the Exclusivity Periods include: * The Debtors' chapter 11 cases are large and complex. As reflected by the Court's Order Granting Chapter 11 Complex Case Treatment, the Debtors' significant number of creditors and assets make these cases large and complex. * The terms of a chapter 11 plan depended on the outcome of the sales process. The Debtors marketed, held an auction, and obtained Court approval for sales of their assets pursuant to the results of the auction. Thereafter, the Debtors continued to pursue asset sales, culminating in Court approval for the sales of certain assets to two additional parties. Given the length of time dedicated to pursuing such sales, the Debtors require additional time to negotiate with the Committee and all other stakeholders in an effort to propose a consensual plan. * The Debtors have made significant progress in negotiating in good faith with all creditors and working towards a viable chapter 11 plan. The Debtors' time and resources have been productively spent on (i) ensuring a smooth chapter 11 process with minimal disruption to the Debtors' operations, preserving the Debtors' assets to the benefit of all parties in interest; (ii) administering value-maximining sales processes; (iii) engaging the various stakeholders to ensure the closing of the various asset sales; (iv) filing procedures for the sale of the Debtors' remaining liquor licenses; (v) transitioning the Debtors' operations to the new owners pursuant to the asset sales; and (vi) negotiating support with the Debtors' other constituents, including the Committee and contract counter parties. * The Debtors are not seeking to extend exclusivity to pressure creditors, and an extension of the exclusivity periods will not prejudice creditors. The Debtors have not sought an extension of exclusivity to pressure creditors or other parties in interest. Extending exclusivity benefits all creditors by preventing the drain on time and resources that inevitably occurs when competing plans are filed. All stakeholders benefit from continued stability and predictability that a centralized process provides, which can only occur while the Debtors remain the sole plan proponent. * The Debtors are paying their bills as they come due. The Debtors have paid their undisputed postpetition debts in the ordinary course of business or as otherwise provided by Court order. Counsel to the Debtors: Chris L. Dickerson, Esq. Rahmon J. Brown, Esq. ROPES & GRAY LLP 191 North Wacker Drive, 32nd Floor Chicago, IL 60606 Tel: (312) 845-1200 Fax: (312) 845-5500 E-mail: chris.dickerson@ropesgray.com rahmon.brown@ropesgray.com Holland N. O'Neil, Esq. Mark C. Moore, Esq. Zachary C. Zahn, Esq. FOLEY & LARDNER LLP 2021 McKinney Avenue, Suite 1600 Dallas, TX 75201 Tel: (214) 999-3000 Fax: (214) 999-4667 E-mail: honeil@foley.com mmoore@foley.com zzahn@foley.com About TGI Friday's Inc. TGI Friday's Inc., doing business as Wow Bao, operates a chain of restaurants. The Company provides appetizers, sizzlings, seafood, salads, sandwiches, entres, desserts, and non-alcoholic and alcoholic beverages. Wow Bao serves customers in the United States. TGI Friday's Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 24-80069) on Nov. 2, 2024, listing $100 million to $500 million in both assets and liabilities. Judge Stacey G Jernigan presides over the case. Holland N. O'Neil, Esq., at Foley & Lardner LLP, is the Debtor's counsel. THASSOS INC: Seeks to Hire J2C Valuation LLC as Appraiser --------------------------------------------------------- Thassos, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire J2C Valuation, LLC as appraiser in its Chapter 11 case. The firm will provide these services: (a) perform necessary valuations of the Debtor's collateral and assets; (b) assist the Debtor in fulfilling its duties under the Bankruptcy Code; and (c) provide professional appraisal services in support of the Debtor's reorganization efforts. J2C Valuation, LLC has agreed to a gross flat fee of $2000, with $1000 paid as a retainer. Joseph James Calvanico's customary hourly rate is $300. According to court filings, J2C Valuation, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph James Calvanico J2C VALUATION, LLC 130 South Canal Street, Suite 9M Chicago, IL 60606 Tel: (312) 953-9842 Website: www.J2CV.com 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. THOMPSON ELECTRIC: Unsecured Creditors to Split $25K in Plan ------------------------------------------------------------ Thompson Electric, Inc. filed with the U.S. Bankruptcy Court for the Middle District of Tennessee an Amended Plan of Reorganization under Subchapter V dated August 26, 2025. The Debtor is a Class CE licensed residential and commercial electrical contractor based in Lebanon, Tennessee. The company is managed by its owner and founder, Jon Thompson. The Debtor provides a range of services, including general electrical repairs, lighting and wiring installations, design/build work, and new construction projects for both residential and commercial clients. Thompson Electric was at times forced to demobilize from projects to avoid further losses, triggering additional claims and litigation. The company quickly exhausted its cash reserves, fully drew down its available credit, and was facing multiple lawsuits prior to seeking Chapter 11 protection. The Debtor can cash flow and reorganize. It has used the lead-up to, and breathing spell during, the Chapter 11 process to reduce its overhead expenses and operating costs, revise its project budgeting process, and emerge as a stronger, more resilient contractor focused on profitability and not unsustainable growth. The Debtor's financial projections show that the Debtor will have projected disposable income of $1,074,486.10. The Plan provides for distributions to claimants in excess of $1.45 million. This Plan of Reorganization under Chapter 11 of the Code proposes to pay the creditors of the Debtor from cash flow from business operations. Class 11 consists of General Unsecured Claims. The Plan provides a pool of $25,000.00 to be paid pro-rata to the claimholders in this class. There shall be three lump-sum payments paid pro-rata to the claimholders in this class as follows: * $5,000 to be paid on or before the second anniversary of the Effective Date; * $10,000 to be paid on or before the third anniversary of the Effective Date; and * $10,000 to be paid on or before the fourth anniversary of the Effective Date. * In the event the aggregate new value contribution required from and made by Jon Thompson to fund the Plan is less than $50,000.00 as of January 1, 2027, then a supplemental distribution pool of $10,000.00 shall be created and distributed on a prorate basis to the holders of Allowed Claims in this Class other than FCCI on or before March 1, 2027. As a material component of the Treatment for this Class, and in consideration for the substantial and essential new value contributions to be made by Jon Thompson, all holders of Allowed Claims in Class 11 shall be temporarily stayed from commencing or continuing any action to collect upon or otherwise enforce their Claims against Jon Thompson personally for the period commencing on the Effective Date and terminating on January 1, 2027 (the "Stay Period"). This limited stay is necessary to support the feasibility of the Plan. Jon Thompson has committed to contribute substantial new value to fund the Plan's obligations within the first fifteen months following the Effective Date. This contribution is essential to the Debtor's ability to operate and make the initial payments required under the Plan, thereby preserving the value of the estate for the benefit of all creditors, including the members of this Class. Class 12 shall consist of the allowed unsecured claims which would otherwise constitute Class 11 Claims, but which claims are for less than $30,000, such that each Class 12 Claim will receive a pro rata distribution of less than $250 under the Plan. The Plan provides a lump sum of $2,855.34 paid to the Class 12 Claimants, representing a pro rata share of the $25,000 distribution to Class 11, on the Effective Date. Class 13 shall consist of the membership interests in the Debtor. Jon Thompson shall retain his equity interests in the Debtor to the same extent as they existed prior to the Petition Date. The Debtor will continue to operate to generate revenue to fund the Plan. The Debtor intends to supplement its operating revenue through the sale of certain vehicles, to include wholly owned vehicles and fully matured leased vehicles to be purchased for their residual value. To the extent the Debtor experiences any income or expense shocks during the term of Plan performance, Jon Thompson reserves the right to pay into the Debtor such amounts as may be necessary to prevent payment defaults. The Plan budget currently contemplates that Jon Thompson will be required to commit not less than $150,000 in support of the Plan over the life of the plan. A full-text copy of the Amended Plan dated August 26, 2025 is available at https://urlcurt.com/u?l=xaQ4HU from PacerMonitor.com at no charge. Counsel for the Debtor: R. Alex Payne, Esq. DUNHAM HILDEBRAND PAYNE WALDRON, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Phone: 629.777.6529 Email: alex@dhnashville.com About Thompson Electric Inc. Thompson Electric, Inc., is an electrical service provider based in Lebanon, Tenn., specializing in residential and commercial electrical installations, repairs and large-scale projects. Thompson Electric filed Chapter 11 petition (Bankr. M.D. Tenn. Case No. 25-01471) on April 7, 2025, listing between $1 million and $10 million in both assets and liabilities. Jon Thompson, president of Thompson Electric, signed the petition. Judge Nancy B. King oversees the case. R. Alex Payne, Esq., at Dunham Hildebrand Payne Waldron, PLLC, represents the Debtor as legal counsel. ServisFirst Bank, as secured creditor, is represented by: Thomas H. Forrester, Esq. Gullett, Sanford, Robinson & Martin, PLLC 150 Third Avenue South, Suite 1700 Nashville, TN 37201 Phone: (615) 244-4994 Fax: (615) 256-6339 tforrester@gsrm.com; djames@gsrm.com FCCI Insurance Company, as secured creditor, is represented by: Joshua K. Chesser, Esq. Stites & Harbison, PLLC SunTrust Plaza 401 Commerce Street, Suite 800 Nashville, TN 37219 Phone: (615) 782-2202 Fax: (615) 782-2371 jchesser@stites.com THOMPSON'S PHARMACY: Seeks Chapter 11 Bankruptcy in Georgia ----------------------------------------------------------- On September 2, 2025, Thompson's Pharmacy Inc. filed Chapter 11 protection in the Northern District of Georgia. According to court filing, the Debtor reports $2,330,481 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Thompson's Pharmacy Inc. Thompson's Pharmacy Inc., a family-owned business, operates a pharmacy providing prescription medications, compounding, immunizations, medical supplies, and related health services. The Company offers delivery within Coweta County and serves the local community with a wide range of pharmacy services. Thompson's Pharmacy Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-11312) on September 2, 2025. In its petition, the Debtor reports total assets of $144,980 and total liabilities of $2,330,481. The Debtor is represented by J. Nevin Smith, Esq. at SMITH CONERLY LLP. TPI COMPOSITES: Seeks to Tap Ordinary Course Professionals ---------------------------------------------------------- TPI Composites, Inc. and its subsidiaries seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire various Ordinary Course Professionals. These professionals will provide services for Debtors' day-to-day operations, including: -- litigation -- general corporate matters -- securities -- transactional services -- workers compensation -- labor and employment matters -- regulatory compliance -- real estate -- audit and accounting advisory -- tax matters -- legal matters outside the U.S. -- other matters with direct and significant impact on operations The firms will be paid at these fees: -- Tier 1 Professionals: Up to $500,000 per month on average over any rolling three-month period, not to exceed $1.5 million in total during that period. -- Tier 2 Professionals: Up to $100,000 per month on average over any rolling three-month period, not to exceed $300,000 in total during that period. Tier 1 Ordinary Course Professionals include: -- GOODWIN PROCTER LLP - Legal -- Corporate SEC 100 Northern Ave, Boston, MA 02210 -- KPMG - Accounting -- Audit 1501 N Plano Rd, Richardson, TX 75081 Tier 2 Ordinary Course Professionals include: -- ADVOKATFIRMAET POUL SCHMITH - Legal -- Danish Counsel -- ALBRIGHT STONEBRIDGE GROUP, LLC - Legal -- Government Affairs -- BAKER & MCKENZIE - Legal -- Corporate and Commercial -- BAKER TILLY US LLP - Consulting -- Escheatment Audit -- CBIZ MHM, LLC - Accounting -- Compliance Audit -- CIFTCI ERYILMAZ AVUKATLIK ORTAKLIGI - Legal -- Restructuring (Turkey) -- DELOITTE & TOUCHE LLP - Accounting -- Internal Audit -- ERNST & YOUNG - Accounting -- Tax -- FOLEY HOAG LLP - Legal -- Patent -- HGF EUROPE LLP - Legal -- Patent -- HOLLAND & HART LLP - Legal -- Immigration -- KHAITAN & CO LLP - Legal -- Corporate and Commercial -- KOLCUOGLU DEMIRKAN - Legal -- Corporate and Commercial -- KUTAK ROCK LLP - Legal -- Commercial Real Estate -- LEWIS BRISBOIS - Legal -- Litigation -- MAYER BROWN - Legal -- Tax and Regulatory -- OGLETREE, DEAKINS, NASH, SMOAK & STEWART P.C. - Legal -- Employment -- PILLSBURY WINTHROP SHAW PITTMAN LLP - Legal -- Trademark -- RB TAX ADVISORS, LLC - Accounting -- Tax -- RYAN, LLC - Accounting -- Tax -- SQUIRE PATTON BOGGS LLP -- Legal -- Corporate -- TIBER CREEK GROUP INC - Legal -- Lobbying The professionals are "disinterested persons" under Section 101(14) of the Bankruptcy Code, according to court filings. 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 E-mail: trey.wood@bracewell.com TRB SUPPLY: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: TRB Supply Inc. 1223 County Road 50 Collinsville, AL 35961 Business Description: TRB Supply Inc., based in Collinsville, Alabama, provides structural steel fabrication and produces various steel products in the metal fabrication and manufacturing industry. Chapter 11 Petition Date: September 3, 2025 Court: United States Bankruptcy Court Northern District of Alabama Case No.: 25-41170 Judge: Hon. James J Robinson Debtor's Counsel: Kevin D. Heard, Esq. HEARD, ARY & DAURO, LLC 303 Williams Avenue Park Plaza, Suite 921 Huntsville, AL 35801 Tel: 256-535-0817 Fax: 256-535-0818 E-mail: kheard@heardlaw.com Total Assets: $795,624 Total Liabilities: $3,218,089 Thomas A. Banks signed the petition as president. A copy of the Debtor's list of 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BVXCWEI/TRB_Supply_Inc__alnbke-25-41170__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BJK7FMY/TRB_Supply_Inc__alnbke-25-41170__0001.0.pdf?mcid=tGE4TAMA TRIMONT ENERGY GIB: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Trimont Energy (GIB), LLC received 19th interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to continue to use cash collateral. The court's 19th interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive superpriority administrative expense claims, subject to a fee carveout. The termination events under the 18th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 18th interim order. The next hearing is set for October 2. About Trimont Energy (GIB) Trimont Energy (GIB), LLC is a Houston-based company, which operates in the oil and gas extraction industry. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. La. Case No. 23-11869) on Oct. 25, 2023, with $1 million to $10 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. Douglas S. Draper, Esq., at Heller, Draper & Horn, LLC represents the Debtor as legal counsel. TRIMONT ENERGY LIMITED: Gets Extension to Access Cash Collateral ---------------------------------------------------------------- Trimont Energy Limited, Inc. received 19th interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 19th interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As adequate protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive superpriority administrative expense claims, subject to a carveout. The termination events under the 18th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 18th interim order. The next hearing is set for October 2. About Trimont Energy Limited Inc. Trimont Energy Limited, Inc., a company in Houston, Texas, filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 23-11872) on October 25, 2023, listing between $1 million and $50 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor is represented by: Douglas S. Draper, Esq. Heller, Draper & Horn L.L.C. Tel: 504-299-3300 Email: ddraper@hellerdraper.com TRIMONT ENERGY NOW: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Trimont Energy (NOW), LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 19th interim order approved the use of cash collateral for the period from Oct. 25, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection against any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive allowed superpriority administrative expense claims, subject to a fee carveout. The termination events under the 19th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 19th interim order. The next hearing is set for October 2. About Trimont Energy (Now) Trimont Energy (NOW) LLC, a company in Houston, Texas, filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 23-11868) on October 25, 2023, listing $1 million to $10 million in both assets and liabilities. Christopher O. Ryals, chief restructuring officer, signed the petition. Judge Meredith S. Grabill oversees the case. The Debtor tapped Heller, Draper, & Horn, LLC as legal counsel; Chaffe & Associates, Inc. as financial advisor; and Christopher O. Ryals of RCO Capital, LLC as chief operating officer. TURNER PAVING: Claims to be Paid from Business Operations --------------------------------------------------------- Turner Paving & Construction, Inc. filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization under Subchapter V dated August 27, 2025. The Debtor is a construction company that serves as general contractor for property owners and developers to provide excavation, concrete paving, and site preparation services. The Debtor is a Texas corporation, founded in 1994. The Debtor's income is derived from its ongoing business operations, which will be used to fund this plan of reorganization. R. Scott Turner, the sole owner and principal of the Debtor, is proposed to remain in this capacity following confirmation of the Plan, and the Debtor is to remain in legal existence. The Debtor's financial projections show that the Debtor will have projected disposable income of $20,000 per year, or $100,000 over five years. The Plan is filed under chapter 11 of the Bankruptcy Code and proposes to pay creditors of the Debtor from cash flow from future business operations following confirmation of the Plan. This Plan provides for full payment of administrative expenses and priority claims. Class 3 consists of Nonpriority unsecured creditors. Each holder of a Class 3 non priority unsecured claim shall be entitled to a pro rata share of the funds available in the segregated account available on the later of the Effective Date and the date on which such claim is allowed by a final non appealable order, until such holder's allowed claim is paid in full (with such segregated account being funded with $5,000 per quarter of the Debtor's disposable income). If the holder's allowed claim is not fully satisfied by this distribution, such holder shall be entitled to distributions of the Debtor's disposable business income under the Plan from future income of the Debtor's business over a span of five years in accordance with the Code until such claim is paid in full, or until the cessation of such distributions. This Class is impaired. Class 4 consists of Equity security holders of the Debtor. Equity holders of the Debtor shall retain their interests in the Debtor. The Plan will be funded by future business income of the Debtor over a span of five years in accordance with the Code. R. Scott Turner, the sole owner and principal of the Debtor, is proposed to remain in this capacity following confirmation of the Plan, and the Debtor is to remain in legal existence. A full-text copy of the Plan of Reorganization dated August 27, 2025 is available at https://urlcurt.com/u?l=gufMiq from PacerMonitor.com at no charge. Proposed Counsel to the Debtor: LEWIS BRISBOIS BISGAARD & SMITH Bennett G. Fisher, Esq. 24 Greenway Plaza, Suite 1400 Houston, Texas 77046 713.659.6767 | Telephone 346.241.4095 | Direct 713.759.6830 | Fax Email: bennett.fisher@lewisbrisbois.com About Turner Paving & Construction Turner Paving & Construction, Inc., is a construction company that serves as general contractor for property owners and developers to provide excavation, concrete paving, and site preparation services. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-32996) on May 29, 2025. At the time of the filing, the Debtor estimated assets of between $500,001 to $1 million and liabilities of between $500,001 to $1 million. Judge Jeffrey P. Norman oversees the case. Lewis Brisbois Bisgaard & Smith LLP is Debtor's legal counsel. TURNGREEN ENTERPRISES: Sec. 341(a) Meeting of Creditors on Oct. 6 ----------------------------------------------------------------- On September 1, 2025, Turngreen Enterprise LLC filed Chapter 11 protection in the Northern District of Georgia. According to court filing, the Debtor reports $1,163,046 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 6, 2025 at 10:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. About Turngreen Enterprise LLC Turngreen Enterprise LLC owns two real estate assets in Atlanta, Georgia, with one property at 376 Roy Street SW appraised at $500,000 and another at 1060 McDaniel Street SW valued at $670,000. Turngreen Enterprise LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-60027) on September 1, 2025. In its petition, the Debtor reports total assets of $1,170,000 and total liabilities of $1,163,046. The Debtor is represented by Leonard R. Medley, III, Esq. at Medley & Associates LLC. TZADIK SIOUX: Seeks to Hire Rosewood Realty Group as Broker ----------------------------------------------------------- Tzadik Sioux Falls Portfolio I, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Rosewood Realty Group, LLC as real estate broker. The firm will market and sell certain properties owned by the Debtors located in South Dakota. Tzadik Sioux Falls Portfolio I, LLC properties include: 1. Arnold's Park -- 1201-1209 N. Prairie Avenue 900-812 W. Bailey Street, Sioux Falls, SD 57104 2. Lake Park -- 1000-1020 N. Covell Avenue, Sioux Falls, SD 57104 3. Mayfair Westwood -- 3000-3012 S Mayfair Drive, Sioux Falls, SD 57106 4. North Cleveland -- 901-909 N. Cleveland Avenue, Sioux Falls, SD 57103 5. Sycamore Courts -- 4500 E. 16th St., Sioux Falls, SD 57110 6. River Run Apartments -- 701 S. Lyons Ave., Sioux Falls, SD 57106 7. Eagle's Nest Apartments -- 4400 S. Louise Ave., Sioux Falls, SD 57106 8. Holiday Manor -- 360 N. Holiday Ave., Sioux Falls, SD 57106 Tzadik Sioux Falls I, LLC properties: 9. Willowwood -- 1600 S. Rock Creek Dr., Sioux Falls, SD 57103 10. Mallard Cove -- 1900 W. 6th Ave., Sioux Falls, SD 57104 11. Cleveland Heights -- 221 N. Cleveland, Sioux Falls, SD 57103 12. Parkside Commons -- 4300 E. 18th St., Sioux Falls, SD 57103 Tzadik Sioux Falls Portfolio III, LLC properties: 13. Woodstone Apartments -- 3113 W 12th St., Sioux Falls, SD 57104 Garden Villas Apartments, LLC property: 14. Garden Villa LLC -- 652 W. 81st St., Sioux Falls, SD 57108 Tzadik Taylor's Place, LLC property: 15. Tzadik Taylor's Place LLC -- 4213 E. 12th St., Sioux Falls, SD 57103 Hidden Hills Apartments LLC property: 16. Hidden Hills Apartments LLC -- 950 N Cliff Ave., Sioux Falls, SD 57103 The broker is entitled to a fee in an amount equal to 1.65 percent of the final purchase price. As disclosed in the court filings, Rosewood does not hold or represent an interest adverse to the Debtors' estates and is "disinterested" within the meaning of Sections 101(4) and 327 of the Bankruptcy Code. The firm can be reached through: Aaron Jungries Rosewood Realty Group 152 West 57th Street, 5th Floor New York, New York 10019 Phone: 516-852-1342 E-Mail: aaron@rosewoodrg.com About Tzadik Sioux Falls Portfolio I, LLC Tzadik Sioux Falls Portfolio I, LLC possesses several multi-family properties in Sioux Falls, SD. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-13865) on April 9, 2025. In the petition signed by Adam Hendry, authorized representative, the Debtor disclosed $65 million in assets and $46.775 million in liabilities. Judge Peter D. Russin oversees the case. Morgan Edelboim, Esq., at Edelboim Lieberman, PLLC, represents the Debtor as legal counsel. UP5 SERVICES: Seeks Chapter 11 Bankruptcy in Texas -------------------------------------------------- On September 2, 2025, Up5 Services LLC filed Chapter 11 protection in the Southern District of Texas. According to court filing, the Debtor reports $1,748,036 in debt owed to 1 and 49 creditors. The petition states funds will not be available to unsecured creditors. About Up5 Services LLC Up5 Services LLC provides specialty trade contracting services and is classified under NAICS 2389, with operations supported by hauling equipment including flatbed and utility trailers used to transport building materials and construction supplies. The Company owns real estate holdings in Poolville and Pearsall, Texas, which are used in connection with its business activities. Up5 Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-60084) on September 2, 2025. In its petition, the Debtor reports total assets of $1,580,803 and total liabilities of $1,748,036. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Russell Van Beustring, Esq. at RUSSELL VAN BEUSTRING, P.C. VIA MIZNER: Seeks to Extend Plan Exclusivity to September 5 ----------------------------------------------------------- Via Mizner Owner I, LLC ("VMO") and Via Mizner Pledgor I, LLC ("VMP") asked the U.S. Bankruptcy Court for the Southern District of Florida to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to September 5 and November 4, 2025, respectively. The Debtors each filed voluntary chapter 11 petitions on January 15, 2025. VMO owns and operates an apartment building known as 101 Via Mizner located at 101 E. Camino Real, Boca Raton, FL 33432 (the "Real Property"). VMP owns the equity interests in VMO. On July 11, 2025, the Court entered an order approving the sale of the Property. In connection with the sale, VMO will receive cash and an equity interest in the purchasing entity which will result in future distributions to VMO upon the conversion of the Property to condominiums. That sale closed on July 18, 2025. After the sale, the Debtors turned their attention towards drafting a plan of reorganization. While the Debtors have made significant progress towards drafting a plan, the Debtors remain in over the treatment for the claims of TIG Romspen US Master Mortgage L.P., Via Mizner Lender 1, LLC, and Via Mizner Lender 2, LLC. Additionally, the Debtors remain in the process of scrubbing the claims register. The Debtors explain that they have only been in bankruptcy for slightly more than seven months. Rather than seeking extensions to pressure creditors, the Debtors seek an extension to finalize a plan and ensure fair treatment to creditors. This is also a large case, as the Debtors had over $200 million in debt as of the Petition Date. The Debtors expect to be able to propose a viable plan for distributing the proceeds of the sale. This motion is not filed for dilatory purposes. Counsel to the Debtors: Bradley S. Shraiberg, Esq. Shraiberg Page, PA 2385 NW Executive Center Dr., Ste. 300 Boca Raton, FL 33431 Telephone: (561) 443-0800 Facsimile: (561) 998-0047 Email: bss@slp.law About Via Mizner Owner I LLC Via Mizner Owner I LLC is a single asset real estate debtor, as defined in 11 U.S.C. Section 101(51B). Via Mizner Owner I sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-10369) on January 15, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor tapped Bradley S. Shraiberg, Esq., at Shraiberg Page, PA as bankruptcy counsel and Bruce Rosetto, Esq., at Greenberg Traurig, PA as special counsel. VIRIDOS INC: Plan Exclusivity Period Extended to Nov. 10 -------------------------------------------------------- Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware extended Viridos Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to November 10, 2025 and January 9, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that it is working with its major stakeholders to consider the most efficient and value-maximizing exit to this chapter 11 case. The Debtor believes that, in light of the progress made in this Chapter 11 Case, it is reasonable to request an extension of the Exclusivity Periods to maintain the status quo while the Debtor work to reach consensus on that decision. Further, granting the requested extension of the Exclusivity Periods will not prejudice or pressure the Debtor's creditor constituencies or grant the Debtor any unfair bargaining leverage. Accordingly, the Debtor submits that the extension is warranted and appropriate under the circumstances. The Debtor notes that it is only in chapter 11 for only four months. During the previous months, the Debtor has worked diligently to accomplish numerous milestones, including conducting a value-maximizing sale process for substantially all of its assets. The Debtor submits that the short time that this chapter 11 case has been pending weighs in favor of allowing the Debtor to extend the Exclusivity Periods. Viridos Inc. is represented by: Morgan L. Patterson, Esq. Matthew P. Ward, Esq. Marcy J. McLaughlin Smith, Esq. WOMBLE BOND DICKINSON (US) LLP 1313 North Market Street, Suite 1200 Wilmington, DE 19801 Tel: (302) 252-4320 Fax: (302) 252-4330 Email: morgan.patterson@wbd-us.com Email: matthew.ward@wbd-us.com Email: marcy.smith@wbd-us.com About Viridos Inc. Viridos Inc. (formerly known as Synthetic Genomics, Inc.) develops a scalable microalgae platform to produce low-carbon intensity biofuels for heavy transportation sectors such as aviation and commercial trucking. Backed initially by ExxonMobil and holding over 100 patents, it remains pre-revenue but projects oil yields up to 20 times those of existing crops and an associated 73-88 percent reduction in carbon emissions. Viridos Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10697) on April 14, 2025. In its petition, the Debtor estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Womble Bond Dickerson (US) LLP. Rock Creek Advisors, LLC is the Debtor's financial consultant. Stretto is the Debtor's claims and noticing agent. WEISS MULTI-STRATEGY: CEO's Bankruptcy Case to Remain in Florida ---------------------------------------------------------------- Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York denied the motion filed by Jefferies Strategic Investments LLC and Leucadia Asset Management Holdings LLC to transfer the venue of George Allen Weiss's bankruptcy proceeding. The Jefferies Entities seek to transfer the venue of Weiss's bankruptcy proceeding to the SNDY Court, where the chapter 11 cases of Weiss Multi-Strategy Advisers, LLC and its related debtors are pending. Weiss objected. Weiss is the Chairman and Chief Executive Officer of WMSA, an investment advisory entity which manages the Weiss Companies' funds. Separately, through his family trusts, Weiss owns a controlling stake in the Weiss Companies' parent entity, GWA. Forbearance Agreement From 2018 to 2022, the Weiss Companies entered into several agreements with the Jefferies Entities, including a "Strategic Relationship Agreement" and a series of "Note Purchase Agreements" pursuant to which JSI acquired $53 million in notes issued by GWA and WMSA. On Dec. 21, 2023, JSI delivered a Notice of Optional Redemption under the Notes. As a result, GWA was required to pay to JSI $54,223,110, comprising all outstanding aggregate principal and interest on the Notes, on Dec. 31, 2023; GWA did not pay. Accordingly, as of Dec. 31, 2023, JSI had the right to commence litigation against GWA to compel it to repay the amounts that were owed under the Notes. After a series of further negotiations, Weiss and his counsel negotiated and signed -- in his personal capacity and on behalf of all the Weiss Companies -- a forbearance agreement. Weiss agreed to a personal guarantee of the Weiss Companies' performance under the Forbearance Agreement. In April and June 2024, the Weiss Companies filed voluntary chapter 11 bankruptcy cases in this Court. The Weiss Companies also filed an adversary proceeding against the Jefferies Entities which sought, in part, to avoid the Forbearance Agreement as a fraudulent transfer. The Jefferies Entities moved to dismiss, arguing, in relevant part, that the guarantees contained in the Forbearance Agreement could not be avoided as fraudulent transfers because they were made "on account of an antecedent debt," and were therefore made for "reasonably equivalent value." The court issued an opinion and order granting in part Jefferies' motion to dismiss. Motion to Transfer Jefferies argues that, under Rule 1014(b) of the Federal Rules of Bankruptcy Procedure, when bankruptcy petitions are filed in different districts by a debtor and an affiliate, the court in the district where the first petition is filed may determine the district or districts in which the cases should proceed in the interest of justice or for the convenience of the parties. It argues there can be no contest that Weiss is an affiliate of the Weiss Companies, since he owns, through his family trusts, a controlling stake in the Weiss Companies' parent entity, GWA, and in turn, controls the Weiss Companies' decision-making. Moreover, Weiss admitted to being an affiliate in his Florida filings. Jefferies also argues that both the interests-of-justice rationale and the convenience-of-the-parties rationale cut in favor of transfer. Weiss points out that the Weiss entities' bankruptcies are winding down, and that Weiss has very little involvement with the corporate bankruptcies. Weiss argues that transfer is inappropriate in this case. He points out that venue is proper in the Southern District of Florida, a fact which Jefferies does not contest. He argues that transfer is not in the interest of justice. He also maintains that deference to his choice of venue is proper, that his individual case is distinct from the corporate cases, that there are no pending issues in the corporate cases that will affect his personal case, and that he was "exonerated" by the examiner's report issued in the corporate cases. He denies Jefferies' allegation of forum shopping and claims that it is Jefferies which is engaged in forum shopping by seeking a transfer of venue. Weiss also maintains that the convenience of the parties does not support transferring the case. Aside from the Jefferies Entities, the majority of Weiss's creditors by number are located outside of New York; the Jefferies Entities have an office in Florida, so litigating there would not be difficult for them; and Weiss's largest creditor (Bank of America) is already actively engaged in Weiss's Floridian chapter 11 and have not taken a stance on the motion to transfer. The "paramount" concern for the economic and efficient administration of the estate also cuts against transfer, as Weiss's assets, professionals, and financial accounts are mostly located in Florida. Finally, Weiss has worked extensively with the local United States Trustee already. Because the Weiss Companies filed their chapter 11 cases in the SDNY district before George Weiss filed his chapter 11 case in Florida, Bankruptcy Rule 1014(b) provides that the SDNY Court may determine, in the interest of justice or for the convenience of the parties, whether to transfer Weiss's case to this district. The Court finds the Jefferies Entities have not borne their heavy burden of proof under either the interests-of-justice or the convenience-of-the-parties rationale. According to the Court, while Weiss is an affiliate of the Weiss Companies, he is not so inextricably intertwined with the entities as to justify overcoming the presumption of debtor's choice in venue selection. The Court also finds allowing Weiss's personal bankruptcy to proceed in Florida would not endanger the enforceability of any judgments. Moving Weiss's bankruptcy case to New York would not have an effect on the fact that he filed for bankruptcy and is bringing an adversary proceeding. Since the Jefferies Entities have not sufficiently shown that Weiss is engaged in forum-shopping, his choice of forum is entitled to deference, the Court holds. The two largest New York-based creditors, the Jefferies Entities and Bank of America, are engaged in the Florida case and will not be severely prejudiced if the case continues in Florida. This factor cuts against transfer, the Court finds. The debtor is closest to the Florida court, a factor which cuts against transfer. A copy of the Court's Memorandum Opinion and Order dated August 25, 2025, is available at https://urlcurt.com/u?l=o6n3FC from PacerMonitor.com. Attorneys for Jefferies Strategic Investments, LLC and Leucadia Asset Management Holdings LLC: Scott S. Balber, Esq. Michael P. Jones, Esq. Daniel Gomez, Esq. HERBERT SMITH FREEHILLS NEW YORK LLP 200 Park Avenue New York, NY 10166 E-mail: Scott.Balber@hsfkramer.com michael.jones@hsfkramer.com daniel.gomez@hsfkramer.com Attorneys for George Allen Weiss: Paul J. Battista, Esq. Mariaelena Gayo-Guitian, Esq. Eric D. Jacobs, Esq. VENABLE LLP 801 Brickell Avenue, Suite 1500 Miami, FL 33131 E-mail: pjbattista@Venable.com mguitian@Venable.com edjacobs@Venable.com About Weiss Multi-Strategy Advisers Weiss Multi-Strategy Advisers LLC, is a New York-based investment management firm started in 1978. Weiss Multi-Strategy Advisers LLC filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-10743) on April 29, 2024. In the petition signed by George Weiss, manager, the Debtor disclosed $10 million to $50 million in assets and $100 million to $500 million in liabilities. Judge Martin Glenn oversees the case. The Debtor tapped Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as counsel and Omni Agent Solutions, Inc. as claims and noticing agent. WHITNEY OIL & GAS: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Whitney Oil & Gas, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral. The court's 19th interim order authorized the use of cash collateral for the period from Oct. 26, 2023, through the date which is five business days following a declaration to terminate, reduce or restrict the ability to use cash collateral by the Debtor. Certain entities may possess oil and gas liens under the Louisiana Oil Well Lien Act (LOWLA) on oil and gas assets owned by the Debtor. As protection for any diminution in value of their interests in the pre-bankruptcy collateral, the LOWLA lienholders will be granted valid and perfected security interests in, and liens on, the Debtor's assets, subject to a fee carveout. These liens do not apply to any Chapter 5 causes of action and the proceeds, thereof. To the extent the liens granted prove to be inadequate, the LOWLA lienholders will receive a superpriority administrative expense claims, junior to the fee carveout. The termination events under the 19th interim order include the filing by the Debtor of documents pertaining to a debtor-in-possession financing that adversely effects the LOWLA lienholders' liens; a default by the Debtor in reporting financial information; dismissal or conversion of the Debtor's Chapter 11 case; the appointment of a Chapter 11 trustee or examiner with enlarged powers; or other responsible person; and the failure by the Debtor to perform its obligations under the 19th interim order. The next hearing is set for October 2. About Whitney Oil & Gas Whitney Oil & Gas, LLC operates in the oil and gas extraction industry. The company is based in Houston, Texas. Whitney Oil & Gas filed Chapter 11 petition (Bankr. E.D. La. Case No. 23-11873) on Oct. 26, 2023, with $1 million to $10 million in both assets and liabilities. Judge Meredith S. Grabill oversees the case. Douglas S. Draper, Esq., at Heller, Draper & Horn, LLC is the Debtor's legal counsel. WINSTAR HOLDINGS: Hires Latham Luna Eden & Beaudine as Counsel -------------------------------------------------------------- Winstar Holdings Group, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Latham, Luna, Eden & Beaudine, LLP as counsel. The firm's services include: (a) advising as to the Debtor's rights and duties in this case; (b) preparing pleadings related to this case, including a disclosure statement and plan of reorganization; and (c) taking any and all other necessary action incident to the proper preservation and administration of this estate. The firm will be paid at these rates: Attorneys $500 per hour Paralegals $105 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer in the amount of $26,738. Daniel A. Velasquez, Esq., a partner at Latham, Luna, Eden & Beaudine, 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: Daniel A. Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.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: Latham Luna Eden & Beaudine as Counsel ----------------------------------------------------------- Winstar Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Latham, Luna, Eden & Beaudine, LLP as counsel. The firm's services include: (a) advising as to the Debtor's rights and duties in this case; (b) preparing pleadings related to this case, including a disclosure statement and plan of reorganization; and (c) taking any and all other necessary action incident to the proper preservation and administration of this estate. The firm will be paid at these rates: Attorneys $500 per hour Paralegals $105 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer in the amount of $10,000. Daniel A. Velasquez, Esq., a partner at Latham, Luna, Eden & Beaudine, 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: Daniel A. Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.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. WORK 'N GEAR: Committee Taps Lowenstein Sandler LLP as Counsel -------------------------------------------------------------- The official committee of unsecured creditors of Work 'N Gear, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Lowenstein Sandler LLP as its counsel. The firm will render these services: (a) advise the Committee with respect to its rights, duties, and powers in this Chapter 11 Case; (b) assist and advise the Committee in its consultations and communications with the Debtor relative to the administration of this Chapter 11 Case; (c) assist the Committee in analyzing the claims of the Debtor's creditors and the Debtor's capital structure and in negotiating with holders of claims and 1equity interests; (d) assist the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtor and of the operation of the Debtor's business; (e) assist the Committee in its investigation of the liens and claims of the holders of the Debtor's pre-petition debt and the prosecution of any claims or causes of action revealed by such investigation; (f) assist the Committee in its analysis of, and negotiations with, the Debtor 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, financing of other transactions and the terms of any chapter 11 plans for the Debtor and accompanying disclosure statements and related plan documents; (g) assist and advise the Committee as to its communications to unsecured creditors regarding significant matters in this Chapter 11 Case; (h) represent the Committee at hearings and other proceedings; (i) review and analyze applications, orders, statements of operations, and schedules filed with the Court and advise the Committee as to their propriety; (j) assist the Committee in preparing pleadings and applications as may be necessary in furtherance of the Committee's interests and objectives; (k) prepare, on behalf of the Committee, any pleadings, including without limitation, motions, memoranda, complaints, adversary complaints, objections, or comments in connection with any of the foregoing as may be necessary in furtherance of the Committee's interests and objectives in this Chapter 11 Case, including without limitation, the preparation of retention applications and fee applications for the Committee's professionals, including Lowenstein Sandler; and (l) 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. Lowenstein Sandler's customary hourly rates are: Partners of the Firm $775 to $2,175 Of Counsel $890 to $1,575 Senior Counsel and Counsel $675 to $1,595 Associates $550 to $1,150 Paralegals, Practice Support and Assistants $225 to $505 In addition, the firm will seek reimbursement for expenses incurred. Jeffrey Cohen, Esq., a partner at Lowenstein Sandler, 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 Work 'N Gear LLC Work 'N Gear, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 25-17472) on July 16, 2025, with up to $10 million in both assets and liabilities. Larry Nusbaum, interim president of Work 'N Gear, signed the petition. Judge Mark Edward Hall oversees the case. Eric H. Horn, Esq., at A.Y. Strauss, LLC, represents the Debtor as legal counsel. WORLD OF MISTRY: Seeks to Sell Fontana Property at Auction ---------------------------------------------------------- World of Mistry, LLC, seeks permission from the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, to sell Fontana Property at auction, free and clear of liens, claims, and encumbrances. The Debtor's principal asset, approximately 2.4 acres of land upon which is situated an approximately 2,000 square foot office and an approximately 3,000 square foot garage/shed, located at 14597 Aliso Drive, Fontana, CA 92337-7160. The Debtor seeks to sell the Fontana Property to the winning bidder at the auction to be conducted on September 24, 2025, at 1:30 p.m., pursuant to the bidding procedures approved by the Court, free and clear of any and all liens, claims, encumbrances, and interests. The Debtor proposes to pay from the proceeds of the sale of the Fontana Property out of escrow on closing: the claims of any taxing authorities or governmental units apportioned to the Debtor that are secured by liens included in the non-Excepted Items, the commission of 4% of the Purchase Price owed to the Debtor’s broker, Lee & Associates Commercial Real Estate Services, Inc., any other customary escrow closing fees and charges allocated to the Debtor, outstanding secured property taxes due to the San Bernardino County Tax Collector, and the claim of Enterprise Bank & Trust for a mortgage loan secured by a first position deed of trust on the Fontana Property. The Debtor requestst authority that its bankruptcy counsel, Levene, Neale, Bender, Yoo & Golubchik L.L.P. will hold the $410,000 deposit paid by the Buyer in a trust account maintained by LNBYG to fund the Debtor’s pending Plan. The principal terms and conditions of the proposed sale to the Buyer approved at the Auction Sale shall include the following: Name of Buyer: TBD at the Auction Sale. Purchase Price: TBD at the Auction Sale, provided that the Bidding Procedures require a minimum bid amount of at least $4.1 million. Deposit: 10% of the bidder’s initial bid amount, which, per the Bidding Procedures, will be deemed non-refundable if the bidder is deemed by the Court as the winning bidder at the Auction Sale and the Buyer fails to close its purchase of the Fontana Property within two weeks following the date of entry of the Sale Order by the Court, unless the Debtor provides the winning bidder with an extension of the closing date. Estimated Costs of Sale: Total of 6% comprised of a 4% commission for Lee & Associates, which may be shared with a cooperating Buyer broker with Lee & Associates consent, plus any customary closing costs. Condition of Fontana Property: "As-is" and "Where is." Contingencies: None, other than the entry of the Sale Order, and there can be no condition that the Sale Order becomes a final order. The Debtor's sale of the Fontana Property shall be free and clear of any and all liens, claims, encumbrances, and interests. It is possible or likely that there will be capital gains taxes owed in connection with the sale. However, because the Debtor is a passthrough entity, the Debtor understands that any such tax obligation will pass to Scrap Solutions, Inc., the Debtor’s parent company, which owns 100% of the Membership Interests in the Debtor. About World of Mistry LLC World of Mistry LLC is a single-asset real estate debtor, as defined in 11 U.S.C. Section 101(51B). World of Mistry LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10602) on April 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor is represented by Ron Bender, Esq. at LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. X-LASER LLC: Claims to be Paid from Asset Sale Proceeds ------------------------------------------------------- X-Laser, L.L.C., filed with the U.S. Bankruptcy Court for the District of Maryland a Chapter 11 Plan dated August 26, 2025. The Debtor was formed in 2007 to manufacture high powered display laser systems for live entertainment and digital signage applications. The company currently operates out of a leased commercial space at 9115H Whiskey Bottom Road, Laurel, Maryland 20723. Economic turmoil and tariff issues led to a sharp decrease in revenue in late March and April of 2025, X-Laser's busy season. Most companies that manufacture stage lighting increased their prices 15-40% due to tariffs and lighting is a higher priority than lasers, so much of X-Laser's customer base had less funding available for laser products. As a result, it became apparent that the Debtor could not continue its operations without substantial loss. It accordingly consulted with Counsel to discuss the possibility of filing for relief under Chapter 11 of the Bankruptcy Code. The Plan provides for payment of administrative expenses, priority claims, and some secured creditors in full or in part, either in cash or in deferred cash payments, and provides for payments to unsecured creditors in an amount equal to or greater than they would receive in the event of a Chapter 7 liquidation. Funds for implementation of the Plan will be derived from the Debtor's sale of the assets of its business. Class C-1 consists of all allowed general unsecured claims against the Debtor, including any unsecured portion of Class B1 through and including Class B-7. As all of the Debtor's assets are to be sold, any sums received shall be paid to the Class B-1 creditor in satisfaction of the secured portion of its claim, and the Debtor shall thereupon cease its business operations, no distributions shall be made to the Class C-1 creditors, the value of the property to be distributed under the Plan during the three years following confirmation not being less than the projected disposable income of the Debtor. This class is impaired. Funds for implementation of the Plan will be derived from the sale (the "Sale") of all of the Debtor's assets (the "Assets") to X Laser USA, LLC, 6122 S. Eastern Avenue, Los Angeles, CA 90040 pursuant to the Asset Purchase Agreement attached and incorporated (the "Agreement"). The Court's approval of the Debtor's Motion to Sell Free and Clear of Liens approved the Agreement and the sale contemplated therein. Because of the lien of the Class B-1 creditor, all net proceeds from the Sale will be paid to the Class B-1 creditor, with no distributions made to any other class of creditors. The sale is expected to close on or before September 1, 2025. Until closing on the Sale, the Debtor shall retain the Assets of the estate (except as otherwise provided in this Plan) and shall therewith operate its business and pay ordinary business and operating expenses while paying creditors the amounts set forth in this Plan. Consistent with the provisions of this Plan and subject to any releases provided for herein, the Debtor reserves the right to begin or continue any adversary proceeding permitted under the Code and Rules to collect any debts, or to pursue its claims in any court of competent jurisdiction. A full-text copy of the Chapter 11 Plan dated August 26, 2025 is available at https://urlcurt.com/u?l=fdmK31 from PacerMonitor.com at no charge. Counsel to the Debtor: Brett Weiss, Esq. The Weiss Law Group, LLC 8843 Greenbelt Road, Box 299 Telephone: (301) 924-4400 Facsimile: (240) 627-4186 Email: brett@BankruptcyLawMaryland.com About X-Laser L.L.C. X-Laser, L.L.C. designs and supplies laser light show systems and related support services for a range of users, from mobile DJs to major entertainment companies like Disney. Since 2007, the Company has offered touring-grade and entry-level laser projectors, including versatile models like the LaserCube and specialty series such as Aurora, along with advanced products like the Radiator and Ether Dream 4. X-Laser also provides training and resources to help clients enhance their live production setups. The Debtor sought protection under U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-15178) on June 7, 2025. In the petition signed by Adam Raugh, managing member, the Debtor disclosed $257,408 in assets and $3,293,527 in liabilities. Judge David E. Rice oversees the case. The Debtor is represented by Brett Weiss, Esq., at The Weiss Law Group, LLC. XTREME QUALITY: Hires Latham Luna Eden & Beaudine as Counsel ------------------------------------------------------------ Xtreme Quality Logistic LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Latham, Luna, Eden & Beaudine, LLP as counsel. The firm's services include: (a) advising as to the Debtor's rights and duties in this case; (b) preparing pleadings related to this case, including a disclosure statement and plan of reorganization; and (c) taking any and all other necessary action incident to the proper preservation and administration of this estate. The firm will be paid at these rates: Attorneys $500 per hour Paralegals $105 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer in the amount of $26,738. Daniel A. Velasquez, Esq., a partner at Latham, Luna, Eden & Beaudine, 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: Daniel A. Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.com About Xtreme Quality Logistic LLC Xtreme Quality Logistic LLC is an Orlando-based logistics company that provides logistics and transportation services. Xtreme Quality Logistic LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05194) on August 15, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,000 and $500,000 each. The Debtor is represented by Latham Luna Eden & Beaudine LLP. YELLOW CORP: HireS Joyce LLC as Special Conflicts Counsel --------------------------------------------------------- Yellow Corporation seeks approval from the U.S. Bankruptcy Court for the District of Delaware to retain Joyce, LLC as special conflicts counsel. Joyce, LLC will analyze, prosecute and settle certain avoidance actions under Chapter 5 of the Bankruptcy Code. Joyce, LLC has agreed to these hourly rates for its professionals: -- Partner $650 -- Paraprofessionals $150 According to court filings, Joyce, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael J. Joyce, Esq. JOYCE, LLC 1225 King Street, Suite 800 Wilmington, DE 19801 Telephone: (302) 388-1944 Email: mjoyce@mjlawoffices.com About Yellow Corporation Yellow Corporation -- www.myyellow.com -- operates logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping services throughout. Yellow's principal office is in Nashville, Tenn., and is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company Yellow Logistics. Yellow Corporation and 23 affiliates concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code(Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before the Hon. Craig T. Goldblatt. As of March 31, 2023, Yellow Corp had $2,152,200,000 in total assets against $2,588,800,000 in total liabilities. The petitions were signed by Matthew A. Doheny as chief restructuring officer. Kirkland & Ellis LLP is serving as the Company's restructuring counsel, Pachulski Stang Ziehl & Jones LLP is serving as the Company's Delaware local counsel, Kasowitz, Benson and Torres LLP is serving as special litigation counsel, Goodmans LLP is serving as the Company's special Canadian counsel, Ducera Partners LLC is serving as the Company's investment banker, and Alvarez and Marsal is serving as the Company's financial advisor. Epiq Bankruptcy Solutions serves as claims and noticing agent. Milbank LLP, serves as counsel to certain investment funds and accounts managed by affiliates of Apollo Capital Management, L.P. White & Case LLP, serves as counsel to Beal Bank USA. Arnold & Porter Kaye ScholerLLP, serves as counsel to the United States Department of the Treasury. Alter Domus Products Corp., the Administrative Agent to the DIP lenders, is represented by Holland & Knight LLP. Ducera Partners, serves as the Debtors' investment banker. [] 2025 Sees 17% Jump in Small Business Subchapter V Filings ------------------------------------------------------------ Epic AACER reports that the number of small businesses turning to Subchapter V of Chapter 11 rose 17% last August 2025, with 200 filings compared to 171 in August 2024, according to data from Epiq AACER. Despite the increase in Subchapter V activity, overall commercial bankruptcy filings fell 3% year-over-year, dropping to 2,541 in August 2025 from 2,603 a year earlier. Commercial Chapter 11 cases also edged down, with 616 filings in August 2025 compared to 619 in August 2024. Across all categories, U.S. bankruptcy filings totaled 47,936 in August 2025, a 6% rise from the 45,177 recorded a year earlier. Individual filings accounted for the bulk of the increase, climbing 7% to 45,395. Chapter 7 consumer bankruptcies rose 10% to 28,053, while Chapter 13 cases ticked up 1% to 17,232 compared to August 2024, the report states. "Bankruptcy filing volumes continue to climb, even as GDP expands and unemployment remains relatively steady," said Michael Hunter, vice president at Epiq AACER. "We are now experiencing the longest sustained increase in open case inventory since 2008. Looking forward, filings are likely to keep rising into 2026 as bankruptcy volumes move back toward pre-pandemic levels. Uncertainty remains around tariffs, student loan obligations, and interest rates." ABI Executive Director Amy Quackenboss noted that filings, while still below pre-pandemic levels, reflect ongoing financial strain. "Families and businesses are under pressure from high prices, costly borrowing, and geopolitical instability," she said. "Bankruptcy remains a reliable path for those seeking relief from mounting debt." [^] BOOK REVIEW: Taking Charge ------------------------------ Taking Charge: Management Guide to Troubled Companies and Turnarounds Author: John O. Whitney Publisher: Beard Books Softcover: 283 Pages List Price: $34.95 Order a copy today at: http://beardbooks.com/beardbooks/taking_charge.html Review by Susan Pannell Remember when Lee Iacocca was practically a national hero? He won celebrity status by taking charge at a company so universally known as troubled that humor columnists joked their kids grew up thinking the corporate name was "Ayling Chrysler." Whatever else Iacocca may have been, he was a leader, and leadership is crucial to a successful turnaround, maintains the author. Mediagenic names merit only passing references in Whitney's book, however. The author's own considerable experience as a turnaround pro has given him more than sufficient perspective and acumen to guide managers through successful turnarounds without resorting to name-dropping. While Whitney states that he "share[s] no personal war stories" in this book, it was, nonetheless, written from inside the "shoes, skin, and skull of a turnaround leader." That sense of immediacy, of urgency and intensity, makes Taking Charge compelling reading even for the executive who feels he or she has already mastered the literature of turnarounds. Whitney divides the work into two parts. Part I is succinctly entitled "Survival," and sets out the rules for taking charge within the crucial first 120 days. "The leader rarely succeeds who is not clearly in charge by the end of his fourth month," Whitney notes. Cash budgeting, the mainstay of a successful turnaround, is given attention in almost every chapter. Woe to the inexperienced manager who views accounts receivable management as "an arcane activity 'handled over in accounting.'" Whitney sets out 50 questions concerning AR that the leader must deal with -- not academic exercises, but requirements for survival. Other internal sources for cash, including judiciously managed accounts payable and inventory, asset restructuring, and expense cuts, are discussed. External sources of cash, among them banks, asset lenders, and venture capital funds; factoring receivables; and the use of trust receipts and field warehousing, are handled in detail. Although cash, cash, and more cash is the drumbeat of Part I, Whitney does not slight other subjects requiring attention. Two chapters, for example, help the turnaround manager assess how the company got into the mess in the first place, and develop strategies for getting out of it. The critical subject of cash continues to resonate throughout Part II, "Profit and Growth," although here the turnaround leader consolidates his gains and looks ahead as the turnaround matures. New financial, new organizational, and new marketing arrangements are laid out in detail. Whitney also provides a checklist for the leader to use in brainstorming strategic options for the future. Whitney's underlying theme -- that a successful business requires personal leadership as well as bricks and mortar, money and machinery -- is summed up in a concluding chapter that analyzes the qualities that make a leader. His advice is as relevant in this 1999 reprint edition as it was in 1987 when first published. John O. Whitney had a long and distinguished career in academia and industry. He served as the Lead Director of Church and Dwight Co., Inc. and on the Advisory Board of Newsbank Corp. He was Professor of Management and Executive Director of the Deming Center for Quality Management at Columbia Business School, which he joined in 1986. He died in 2013. ********* 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 sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2025. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***