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251015.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, October 15, 2025, Vol. 29, No. 287 Headlines 196 HOLLIS: Hires Law Offices of Alla Kachan as Counsel 360 FAST LLC: Seeks to Hire Evans & Mullinix P.A. as Counsel 420 EASTERN: Case Summary & Three Unsecured Creditors 5303 WOODSIDE: Seeks to Tap eRealty Advisors as Real Estate Broker 5303 WOODSIDE: Taps Law Office of Charles A. Higgs as Counsel 741 INC: Seeks to Hire The Tax Place LLC as Accountant ABUELO'S INTERNATIONAL: Closes 24 Stores in Chapter 11 ACADEMY AT PENGUIN: Seeks to Extend Exclusivity to Feb. 6, 2026 ADF CONSTRUCTION: Section 341(a) Meeting of Creditors on November 6 ADVANCED TRANSIT: To Sell Glenolden Property to One Remington AHERMAN LLC: Voluntary Chapter 11 Case Summary ALL REAL SERVICES: Hires Gillman Capone LLC as Counsel AMALGAMATE PROCESSING: Hires Cantey Hanger as Bankruptcy Counsel AMALGAMATE PROCESSING: Taps Pathfinder Group as Financial Advisor AMERICAN UNAGI: U.S. Trustee Unable to Appoint Committee ANTHOLOGY INC: U.S. Trustee Appoints Creditors' Committee APPALACHIAN PRODUCER: Hires Michalik & Daniels Inc as Accountant AQUA SPAS: Court OKs Deal on Cash Collateral Access AURORA MOBILE IV: Seeks Chapter 11 Bankruptcy in Alabama AURORA RIDGE: Seeks Chapter 7 Bankruptcy in California BABA NANAK: Hires Richman & Richman LLC as Bankruptcy Counsel BARRACUDA NETWORKS: Palmer Square Marks $731,250 Loan at 19% Off BAXSTO LLC: Gets Interim OK to Use Cash Collateral BE PLASTICS: Gets Interim OK to Use Cash Collateral Until Nov. 4 BEYOND MEAT: Shares Sink After Debt Swap That Dilutes Stakeholders BIO-KEY INTERNATIONAL: Raises $1M Proceeds From Note Purchase Deal BOXLIGHT CORP: Believes to Meet Equity and Governance Standards BOXLIGHT CORP: Series C Stock Converted Into 198,920 Common Shares BRONX CAR: Case Summary & Six Unsecured Creditors CACHCOPA LLC: Taps All American Financial Services as Accountant CALDERIA INC: Section 341(a) Meeting of Creditors on Nov. 5 CARSON VALLEY: S&P Affirms 'BB+' Rating on 2021A Revenue Bonds CASTLE HEATING: Seeks Chapter 7 Bankruptcy in Colorado CAUSEY STREETER: Section 341(a) Meeting of Creditors on November 3 CENTRAL PARENT: Palmer Square Marks $447,744 Loan at 18% Off CIVIL LLC: Committee Taps BDO Consulting as Financial Advisor CLOVERLEAF ELECTRIC: Case Summary & 20 Top Unsecured Creditors COLLABORATIVE TECHNOLOGY: Case Summary & 3 Unsecured Creditors COMPLETELY CONCRETE: Cash Collateral Hearing Set for Nov. 4 COMPREHENSIVE HEALTHCARE: Taps Capozzi Adler as Special Counsel COMPREHENSIVE HEALTHCARE: Taps Cunningham Chernicoff as Counsel CONSTRUCTION WITH QUALITY: Seeks Chapter 7 Bankruptcy in Arizona CONTEMPORARY MEDICAL: Sec. 341(a) Meeting of Creditors on Nov. 7 CORVIAS CAMPUS: Seeks to Extend Plan Exclusivity to Jan. 21, 2026 COVERED BRIDGE: Updates Unsecured Claims Pay; Files Amended Plan CYTOSORBENTS CORP: Receives Notice of Minimum Bid Price Deficiency DAOVENQUY88 LLC: Seeks to Hire Lane Law Firm as Bankruptcy Counsel DAVIS PROPERTY: Seeks to Hire Brian K. McMahon PA as Legal Counsel DIAMOND ELITE: Amends Unsecureds & BCIF Secured Claims Pay DP LOUISIANA: Court Extends Cash Collateral Access to Nov. 10 DR INNOVATIONS: U.S. Trustee Unable to Appoint Committee DYE & DURHAM: Moody's Cuts CFR to B3 & Alters Outlook to Negative ECGPR LLC: Hires Jacqueline E. Hernandez Santiago as Counsel ECGPR LLC: Seeks to Hire CPA Rodriguez as Accountant ECHOSTAR CORP: BlackRock Holds 10.4% Stake as of Sept. 30 ECUBE LABS: Voluntary Chapter 11 Case Summary ENVERIC BIOSCIENCES: AdvisorShares Trust Holds 6.27% Stake FAIR ANDREEN: Plan Exclusivity Period Extended to December 5 FERNANDEZ P. ENTERPRISE: Hires Mark S. Roher PA as Counsel FIRST BRANDS: Ford Among Creditors in Bankruptcy FIRST BRANDS: U.S. Trustee Appoints Creditors' Committee FREE SPEECH: SCOTUS Won't Hear Alex Jones' Appeal FRESH START: Case Summary & 20 Largest Unsecured Creditors GENESIS PROJECT: Case Summary & 16 Unsecured Creditors GIROIR HOLDINGS: Hires Bickham Law Practice LLC as Counsel GROUP RESOURCES: Former Execs Lose Bid to Dismiss Ciena ERISA Case H&T WHOLESALE: Case Summary & 13 Unsecured Creditors H&T WHOLESALE: Section 341(a) Meeting of Creditors on November 18 HELLO ALBEMARLE: Files Amended Plan; Confirmation Hearing Nov. 13 HIGHER GROUND: Court OKs Plan Disclosures Despite Short Notice HIGHLAND CAPITAL: SCOTUS Seeks Input on Chapter 11 Appeal HONOLULU SPINE: Gets OK to Use Cash Collateral Until Oct. 31 IMAGE LOCATIONS: Gets OK to Use Cash Collateral Until Nov. 30 IN HOME PERSONAL: Hires Brokerocity Inc as Real Estate Broker IT IS WELL: Case Summary & 13 Unsecured Creditors IVANTI SOFTWARE: Palmer Square Marks $642,988 Loan at 15% Off IVF ORLANDO: MCA Funders' Objections to Plan Overruled JAGUAR HEALTH: Stock Exchange Lowers Royalty Interest by $600K KEESTONE PROPERTIES: Gets OK to Use Cash Collateral Thru Oct. 31 KENNEDY CONSTRUCTION: Case Summary & 20 Top Unsecured Creditors KRCM ASTORIA: Voluntary Chapter 11 Case Summary KULANA HALE: Hires Lewis W. Siegel Esq. as Counsel LA MARQUE, TX: S&P Lowers GO Debt Long-Term Rating to 'BB+' LAKE COUNTY: Plan Exclusivity Period Extended to March 30, 2026 LATITUDE 46: Seeks Chapter 11 Bankruptcy in Colorado LEISURE INVESTMENTS: Miami Seaquarium Shuts Down Operations LEVY VENTURES: Court OKs Use of Cash Collateral LINQTO INC: Creditors Push Back Jefferies' Chapter 11 Role LMD HOLDINGS: Accused of Using Bankruptcy to Stall Sale MAMMOTH INC: Seeks to Hire UB Greensfelder LLP as Special Counsel MARK L. OBMAN DDS: Gets Interim OK to Use Cash Collateral MBIA INSURANCE: Moody's Cuts Insurance Fin. Strength Rating to Caa3 MEDICAL SOLUTIONS: Palmer Square Marks $727,804 Loan at 44% Off MICROTRAKS INC: Seeks to Hire Asel & Associates PLLC as Accountant MODIVCARE INC: Committee Hires AlixPartners as Financial Advisor MONTE MARTIN: Seeks to Hire Shuster Law PLLC as Counsel N.K.G. CORP: Case Summary & Three Unsecured Creditors NAVIDEA BIOPHARMACEUTICALS: Taps Epiq Corporate as Noticing Agent NELKIN & NELKIN: Schreiber et al. Claims Tossed NEW YORK CONCOURSE: Hires RE/MAX Bay Point Realtors as Broker NOBLE LIFE: Seeks to Hire B.F. Semon & Associates as Appraiser NOVA AT SUMMER: Hires Buckmiller & Frost PLLC as Counsel NOVA AT SUMMER: Section 341(a) Meeting of Creditors on Nov. 12 OMNICARE LLC: Hires Houlihan Lokey Capital as Investment Banker OMNICARE LLC: Seeks to Hire Haynes and Boone LLP as Co-Counsel OMNICARE LLC: Seeks to Hire Jenner & Block LLP as Attorney OMNICARE LLC: Seeks to Hire Ordinary Course Professionals OMNICARE LLC: Taps Rundell/Matthew of Alvarez & Marsal as Co-CROs ONDAS HOLDINGS: Completes Acquisition of Smart Precision Optics ONDAS HOLDINGS: OAS Extends Maturity of $5.2M Notes to January 2026 OSTENDO TECHNOLOGIES: Exclusivity Period Extended to Jan. 20, 2026 PALWAUKEE HOSPITALITY: Plan Exclusivity Period Extended to Nov. 30 PARENT SUPPORT: Hires Indeglia & Associates as Bankruptcy Counsel PARK 54 RESTAURANT: Case Summary & 20 Largest Unsecured Creditors PEPPER PALACE: Saratoga Investment Marks $1MM Loan at 46% Off PEPPER PALACE: Saratoga Investment Marks $2.4MM Loan at 46% Off PRO ROOFING: Seeks to Hire Herrin Law PLLC as Bankruptcy Counsel PROFESSIONAL DIVERSITY: Names Patrick Wong as Independent Director PROPEL SCHOOLS: S&P Affirms 'BB+' Rating on Revenue Bonds QUORE GEM: Seeks to Hire Bilu Law PA as Bankruptcy Counsel R&R TRANSPORT: Case Summary & 16 Unsecured Creditors R&R TRANSPORT: Seeks Subchapter V Bankruptcy in Texas RANA REAL: Gets Interim OK to Use Cash Collateral Until Nov. 4 RAZZOO'S INC: Seeks to Sell Dining Business at Auction RED ROCK: Seeks to Extend Plan Exclusivity to January 5, 2026 RENHURST HOLDINGS: Seeks to Hire Rochelle McCullough as Counsel RHEUMATOLOGY WELLNESS: Gets Final OK to Use Cash Collateral ROCKFORD SILK: Seeks to Hire Springer Larsen LLC as Attorney SARATOGA INVESTMENT: Saratoga Marks $9.3MM Loan at 86% Off SASAS HOSPITALITY: Plan Exclusivity Extended to March 30, 2026 SCHAEFER RECOGNITION: Seeks Subchapter V Bankruptcy in Arizona SCHILLER PARK: Plan Exclusivity Period Extended to Nov. 30 SF OAKLAND: Taps Scrubbed.net Global Services as Financial Advisor SHEPHERD BROTHERS: Case Summary & 16 Unsecured Creditors SHERLAND & FARRINGTON: Hires Eisner Advisory Group as Accountant SHIPWRECK TREASURE: Gets Interim OK to Use Cash Collateral SHPS LLC: Gets Interim OK to Use Cash Collateral Until Dec. 31 SINTX TECHNOLOGIES: Inks ATM Offering Deal With H.C. Wainwright SKYX PLATFORMS: John Campi Retires as Co-CEO SOLEMN INVESTMENTS: Taps Strategic Financial Services as Accountant SOUND VISION: Seeks to Extend Plan Exclusivity to February 18, 2026 STANFORD MART: Hires Abbasi Law Corporation as Counsel STARBRITE ELECTRIC: Seeks Chapter 7 Bankruptcy in Texas STEELHOMES MODULAR: Hires Robert F. Reynolds P.A. as Counsel STEELHOMES MODULAR: Section 341(a) Meeting of Creditors on Nov. 10 STYX LOGISTICS: Case Summary & 11 Unsecured Creditors SUN VALLEY POOLS: Seeks Chapter 7 Bankruptcy in Arizona SVB FINANCIAL: Cayman Liquidators Lack Standing to Pursue Claims TAHOE FOODS: Gets Interim OK to Use Cash Collateral THUNDER SUN: Seeks to Hire Tarbox Law PC as Bankruptcy Counsel TRI-HARD PROTO: Seeks Chapter 7 Bankruptcy in Arizona TRINSEO PLC: Suspends Quarterly Dividend to Save $1.5M Annually UNITED CABINET: Hires McLemore Auction Company LLC as Auctioneer UNITED CABINET: Section 341(a) Meeting of Creditors on October 30 VALLEY JUICE: Section 341(a) Meeting of Creditors on November 10 VIVACE HOSPITALITY: Court OKs Interim Use of Cash Collateral VIVAKOR INC: J.J. Astor & Co. Converts $700K Note Into 5.24M Shares VSM PROPERTIES: Case Summary & Eight Unsecured Creditors WEATHERSTONE LLC: Case Summary & 20 Largest Unsecured Creditors WEIAND AUTO: MFT's CERCLA Claims Not Discharged by Plan WFL BUILDERS: Seeks to Hire Genova Malin & Trier LLP as Counsel X4 PHARMA: Coastlands Capital Entities Hold 9.99% Stake XEROX HOLDINGS: S&P Downgrades ICR to 'B-', Outlook Negative ZEN JV: Seeks to Hire Forvis Mazars LLP as Tax Services Provider ZEN JV: Updates Other Secured Claims Pay Details ZMETRA LAND: Case Summary & Three Unsecured Creditors ZOLLEGE PBC: Saratoga Investment Marks $1.5MM 1L Loan at 25% Off ********* 196 HOLLIS: Hires Law Offices of Alla Kachan as Counsel ------------------------------------------------------- 196 Hollis Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Law Offices of Alla Kachan as bankruptcy counsel. The firm will render these services: (a) assist the Debtor in administering this Chapter 11 case; (b) make such motions or take such action as may be appropriate or necessary under the Bankruptcy Code; (c) represent the Debtor in prosecuting adversary proceedings to collect assets of the estate and such actions as it deem appropriate; (d) take such steps as may be necessary for the Debtor to marshal and protect the estate's assets; (e) negotiate with the Debtor's creditors in formulating a plan of reorganization in this case; (f) draft and prosecute the confirmation of the Debtor's plan of reorganization for this case; (g) render such additional services as the Debtor may require in this case. The firm will be paid at these rates: Attorneys $550 per hour Associates $375 per hour Paraprofessionals $250 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer of $15,000. Alla Kachan, Esq., an attorney at the firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: (718) 513-3145 About 196 Hollis Inc. 196 Hollis Inc., filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 1-25-44544-nhl) on Sept. 22, 2025. The Debtor hires Law Offices of Alla Kachan as counsel. 360 FAST LLC: Seeks to Hire Evans & Mullinix P.A. as Counsel ------------------------------------------------------------ 360 Fast, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Evans & Mullinix, P.A. as counsel. The firm will provide these services: (a) represent the Debtor and Debtor-in-Possession during these proceedings; (b) provide legal advice with respect to the Debtor's powers and duties in the continued operation of its business and management of its property; (c) prepare applications, motions, answers, orders, reports, and other necessary legal documents; and (d) perform all other legal services that may be required in connection with the Chapter 11 case. The firm will be paid at these rates: Colin N. Gotham $350 per hour Paralegals $125 per hour The firm received from the Debtor a retainer of $15,000 plus filing fee. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Evans & Mullinix, P.A. 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: Colin N. Gotham, Esq. Evans & Mullinix, P.A. 7225 Renner Road, Suite 200 Shawnee, KS 66217 Telephone: (913) 962-8700 Facsimile: (913) 962-8701 E-mail: cgotham@emlawkc.com About 360 Fast, LLC 360 Fast, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Kan. Case No. 25-21454) on Oct. 8, 2025. The Debtor hires Evans & Mullinix, P.A. as counsel. 420 EASTERN: Case Summary & Three Unsecured Creditors ----------------------------------------------------- Debtor: 420 Eastern Parkway, LLC 420 Eastern Parkway Brooklyn, NY 11225 Business Description: 420 Eastern Parkway holds full ownership of a 16-unit apartment building at 420 Eastern Parkway in Brooklyn, New York, with an estimated value of $2.2 million. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-44876 Judge: Hon. Nancy Hershey Lord Debtor's Counsel: Narissa A. Joseph, Esq. NARISSA JOSEPH 305 Broadway, Suite 1001 Suite 1001 New York, NY 10007 Tel: (212) 233-3000 E-mail: njosephlaw@aol.com Total Assets: $2,285,000 Total Liabilities: $3,335,273 The petition was signed by Sylvester H. Drew aka Hubert Drew aka Sylvester Drew as president. 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/3YURLZA/420_Eastern_Parkway_LLC__nyebke-25-44876__0001.0.pdf?mcid=tGE4TAMA 5303 WOODSIDE: Seeks to Tap eRealty Advisors as Real Estate Broker ------------------------------------------------------------------ 5303 Woodside Partners, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Svitlana Niskoklon of eRealty Advisors, Inc. as real estate brokers. The broker will market and sell the Debtor's property located at 5303 39th Avenue, Woodside, NY 11377. eRealty will receive a broker's commission of 6 percent. Ms. Niskoklon assured the court that eRealty Advisors, Inc. is a "disinterested person" as the term is defined in 11 U.S.C. 101(14). The firm can be reached through: Svitlana Niskoklon eRealty Advisors, Inc. 1129 Northern Blvd #404 Manhasset, NY 11030 Phone: (646) 453-4855 About 5303 Woodside Partners, LLC 5303 Woodside Partners sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-43602) on August 29, 2024. Judge Elizabeth S. Stong presides over the case. Joshua R Bronstein, Esq., represents the Debtor as legal counsel. 5303 WOODSIDE: Taps Law Office of Charles A. Higgs as Counsel ------------------------------------------------------------- 5303 Woodside Partners, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ The Law Office of Charles A. Higgs as bankruptcy counsel. The firm will provide these services: (a) assist in the administration of this Chapter 11 proceeding; (b) set bar date; (c) prepare or review operating reports; (d) assist in drafting a plan of reorganization and all exhibits and schedules thereto, and confirming a Chapter 11 plan; (e) review claims and resolve claims that should be disallowed; and (f) perform all other services necessary to confirm a plan in bankruptcy or defend the bankruptcy. The Higgs Firm received $2,500 plus the filing fee as a retainer, with unused portions to be applied against the first fee application. The firm will bill the Debtor at hourly rates of $450 for attorneys and $200 for paraprofessionals. The Law Office of Charles A. Higgs 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: Charles A. Higgs, Esq. LAW OFFICE OF CHARLES A. HIGGS 2 Depot Plaza, Ste. 4 Bedford Hills, NY 10507 Telephone: (917) 673-3768 E-mail: charles@freshstartesq.com About 5303 Woodside Partners, LLC 5303 Woodside Partners sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-43602) on August 29, 2024. Judge Elizabeth S. Stong presides over the case. Joshua R Bronstein, Esq., represents the Debtor as legal counsel. 741 INC: Seeks to Hire The Tax Place LLC as Accountant ------------------------------------------------------ 741, Inc. d/b/a Wisdom Rides of America seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Donnita Rockwell and The Tax Place LLC as accountant. The accountant will prepare the Debtor's federal or state tax returns since 2020 and provide other accounting services. The accountant will charge a flat rate of $2,500 per tax return for its services. The accountant will be paid a $5,000 retainer. As disclosed in the court filings, The Tax Place LLC does not hold or represent any interest adverse to the Debtor or its estate. The accountant can be reached through: Donnita Rockwell The Tax Place LLC 210 E 6th South Hutchinson, KS 67505 About 741 Inc. 741 Inc., doing business as Wisdom Rides of America, manufactures and designs amusement rides from its base in Merino, Colorado. The Company produces attractions such as roller coasters, family rides, and thrill rides, and also provides refurbishment, parts, and maintenance services. Its products serve amusement parks, traveling carnivals, and family entertainment centers across the United States and internationally. 741 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-15550) on August 28, 2025. In its petition, the Debtor reports total assets of $1,425,326 and total liabilities of $6,760,662. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY. ABUELO'S INTERNATIONAL: Closes 24 Stores in Chapter 11 ------------------------------------------------------ EmilyAnn Jackman of Silive.com reports that Abuelo's, a 36-year-old Mexican restaurant chain once operating 40 locations nationwide, has filed for Chapter 11 bankruptcy following years of financial challenges. Now reduced to 16 restaurants, the company blamed reduced traffic, inflationary pressures, and labor difficulties for its decline, according to the report. The filing, made in the Northern District of Texas, lists debts and liabilities of between $10 million and $50 million. Its parent company, Food Concepts International, also filed for bankruptcy earlier this year, and the two entities have petitioned to merge their cases, the report states. In a statement, Abuelo's said the move is part of a "strategic restructuring process" to strengthen its financial foundation while continuing normal operations. The company pledged to maintain its service quality and customer experience throughout the process. Despite cost-cutting and store closures in recent years, Abuelo's continues to face headwinds that began in 2023 when guest traffic dropped nearly 6%. The restaurant group still operates locations in seven states, including Texas, Arkansas, and South Carolina, the report relays. 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43339) on September 2, 2025. In the petition signed by Robert L. Lin, President of ABI GP, LLC, the general partner of Abuelo's International, L.P., and as President of FC GPH, LLC LP, the general partner of Food Concepts International, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Edward L. Morris oversees the case. Joseph F. Postnikoff, Esq., at Rochelle McCullough, LLP, represents the Debtor as legal counsel. ACADEMY AT PENGUIN: Seeks to Extend Exclusivity to Feb. 6, 2026 --------------------------------------------------------------- The Academy at Penguin Hall Inc. asked the U.S. Bankruptcy Court for the District of Massachusetts to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to February 6, 2026 and April 7, 2026, respectively. The Debtor explains that it is in the process of marketing the Main Campus to fund payments to its numerous creditors. The Debtor anticipates identifying and obtaining approval for the sale of the Main Campus on or before January 31, 2026. The requested extensions are consistent with the anticipated sale schedule. Contemporaneously with the filing of this motion, the Debtor has filed an application to employ J Barrett & Company as broker to market 41 Essex for sale. As set forth in the Debtor's DIP Financing papers, the Debtor intends to use the proceeds of 41 Essex, in supplement to the DIP Financing proceeds, to fund the sale of the Main Campus and its reorganization. The Debtor continues to comply with its obligations as a debtor-in-possession under Sections 1107 and 1108 of the Bankruptcy Code. The Debtor claims that it continues to pay its obligations as the come due and to provide regular financial reports to its creditors, the Committee, and the United States Trustee. The Debtor has paid its obligations related to the administration of its estate. The DIP Financing budget reflects that the Debtor will be able to do so through the end of this calendar year, which will end with a substantial surplus. The Debtor asserts that it is not seeking to extend exclusivity in order to pressure creditors "to submit to the debtor's reorganization demands." The Debtor is working toward a sale of the Main Campus to fund payments to creditors. The Debtor continues to communicate and cooperate with the Committee. The requested exclusivity extension will not impede those efforts. The Debtor further asserts that its interests of creditors continue to be protected in this case. The interests of the Debtor's secured creditors are protected by their collateral, which continues to be preserved during the Chapter 11 case and is not in decline. The interests of all creditors are being protected and enhanced by the Debtor's continuing efforts to sell its real property for their benefit. Inasmuch as, the Debtor's post petition obligations are being paid timely and its property is being maintained, there is cause for the requested extension. The Debtor states that it commenced this case quickly to prevent a scheduled foreclosure. Since the Chapter 11 filing, the Debtor has worked assiduously to administer its case and advance the sale of the Main Campus. Under those circumstances, terminating exclusivity would appear contradictory to the expeditious administration of the Debtor's estate in accordance with the provisions of the Bankruptcy Code. The Academy at Penguin Hall Inc. is represented by: Christopher M. Condon, Esq. Bowditch & Dewey, LLP 75 Federal Street Suite 1000 Boston, MA 02110 Tel: (617) 757-6500 About The Academy at Penguin Hall The Academy at Penguin Hall Inc. is a private, college-preparatory day school for young women in grades 9 through 12. Located in Wenham, Massachusetts, the school offers interdisciplinary academic programs and emphasizes leadership, critical thinking, and the arts. The Academy at Penguin Hall sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-11191) on June 11, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. The Debtor is represented by John T. Morrier, Esq., at Casner & Edwards, LLP. ADF CONSTRUCTION: Section 341(a) Meeting of Creditors on November 6 ------------------------------------------------------------------- On October 8, 2025, ADF Construction of Indiana LLC filed Chapter 11 protection in the Southern District of Indiana. According to court filing, the Debtor reports $2,198,038 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 November 6, 2025 at 01:00 PM Eastern via a teleconference at 888-330-1716; passcode 6790688. About ADF Construction of Indiana LLC ADF Construction of Indiana LLC provides residential building construction services, including custom homebuilding, remodeling, and home additions. The Company operates primarily in Indianapolis, Indiana, and serves the surrounding metropolitan area. ADF Construction of Indiana LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-06145) on October 8, 2025. In its petition, the Debtor reports total assets of $3,818,553 and total liabilities of $2,198,038. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by Jeffrey Hester, Esq. of HESTER BAKER KREBS LLC. ADVANCED TRANSIT: To Sell Glenolden Property to One Remington ------------------------------------------------------------- Advance Transit Mix Inc. seeks permission from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor was a ready-mix concrete Pennsylvania corporation with an initial registered office address of 613 Oak Lane and a principal place of business address of 607 Oak Lane and Quarry Street in Glenolden, Pennsylvania 10036. The Debtor is also the owner of several parcels of real property. On April 25, 2022, Dante J. Panichi Jr., principal of the Debtor, died intestate. On December 27, 2022, the Estate of Dante J. Panichi Jr. (Estate) was admitted to probate and Anna Panichi was appointed the Administratix of the Estate. Late sumer of 2023, the Advance Transit Mix Inc. plan closed and the Debtor ceased operations. Peter Barsz was appointed as Receiver of the Debtor. The Debtor wishes to sell the real property, together with all improvements located in the property, including a 23,970 square foot structure on 2.46 acres, with a common address of 8 Groce Avenue, Glenolden, PA 19036, 0 and 950 Hopkins Avenue, as well as 202 and 204 Academy Avenue, all located in the City of Glenolden, County of Delaware and State of Pennsylvania. The Debtor and the Estate want to sell the Property to One Remington LLC, a New York Limited Company, with an office for the conduct of business at 5857 Fisher Rd, East Syracuse, NY 13057, or an entity to be assigned. The Debtor owned and continues to own the following portions of the Property: a. 8 Groce Avenue b. 0 Hopkins Avenue c. 950 Hopkins Avenue d. 204 North Academy Avenue Similarly, the Estate owns the real property located at 202 North Academy Avenue. The Debtor and the Estate entered into the Agreement with the Buyer to purchase the property for the sum of $2,550,000. The Property was marketed by the Receiver to the Buyer. The Sale is conducted pursuant to a private sale. The Sale is not subject to any further marketing or solicitation of higher or better offers. The Sale of the Property will be on "as is-where is" basis, with all faults, and without any representations or warranties of any kind, express or implied, including, without limitation, warranties of merchantability or fitness for a particular purpose. The Debtor believes that the purchase price is fair and reasonable in all respects and is in the best interest of the bankruptcy estate. About Advance Transit Mix Inc Advance Transit Mix Inc. supplies ready-mixed concrete for construction projects in Glenolden, Pennsylvania. The Company operates a fleet of trucks for intrastate transport and serves clients across the region. Advance Transit Mix Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-12082) on May 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Patricia M Mayer handles the case. The Debtors are represented by Albert A. Ciardi, III, Esq. at CIARDI CIARDI AND ASTIN. AHERMAN LLC: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: Aherman LLC 132 Remsen Street Brooklyn, NY 11201 Business Description: Aherman LLC, a New York limited liability company, owns six residential condominium units at 132 Remsen Street in Brooklyn, New York, identified as Units 1, 2, 3, 7, 8, and 9. Chapter 11 Petition Date: October 10, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-44912 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Kevin Nash, Esq. GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP 125 Park Ave New York, NY 10017-5690 E-mail: knash@gwfglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by Louis Greco as manager. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/P5BFV2A/Aherman_LLC__nyebke-25-44912__0001.0.pdf?mcid=tGE4TAMA ALL REAL SERVICES: Hires Gillman Capone LLC as Counsel ------------------------------------------------------ All Real Services LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Gillman Capone LLC as counsel. The firm will render these services: a. advising the Debtor with respect to the power, duties and responsibilities in the continued management of the financial affairs, including the rights and remedies of the debtors-in-possession with respect to its assets and with respect to the claims of creditors; b. advising the Debtor with respect to preparing and obtaining approval of a Plan of Reorganization/Liquidation; c. preparing on behalf of the Debtor, as necessary applications, motions, complaints, answers, orders, reports and other pleadings and documents; d. appearing before this Court and other officials and tribunals, if necessary, and protecting the interests of the Debtors in federal, state and foreign jurisdictions and administrative proceedings; e. negotiating and preparing documents relating to the use, liquidation, and disposition of assets, as requested by the Debtor; f. negotiating and formulating a Plan; g. advising the Debtor concerning the day-to-day operations of its business and the administration of its estate as debtors-in-possession; h. performing such other legal services for the Debtor, as may be necessary and appropriate. The firm will be paid at these rates: Justin M. Gillman, Esq. $525 per hour Paralegals $235 per hour Support Staff $125 per hour The firm will be paid a retainer in the amount of $16,738. As disclosed in the court filings, Gillman Capone does not represent an adverse interest to the estate, and is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: Justin M. Gillman, Esq. Gillman Capone LLC 770 Amboy Avenue Edison, NJ 08837 Tel: (732) 661-1664 Fax: (732) 661-1707 Email: ecf@gillmancapone.com About All Real Services LLC All Real Services LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.N.J. Case No. 25-19988-SLM) on Sept. 24, 2025. The Debtor hires Gillman Capone LLC as counsel. AMALGAMATE PROCESSING: Hires Cantey Hanger as Bankruptcy Counsel ---------------------------------------------------------------- Amalgamate Processing, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Cantey Hanger LLP as bankruptcy counsel. The firm will provide these services: a. take all necessary action to protect and preserve the Debtor's estate; b. prepare motions, applications, answers, orders, reports, and papers in connection with the administration and prosecution of the Debtor's chapter 11 case; and c. perform all other legal services in connection with the chapter 11 case that are reasonable or necessary to satisfy the obligations and duties required of a chapter 11 debtor. The firm will be paid at these rates: M. Jermaine Watson, Bankruptcy Partner $695 per hour Tiereney Bowman, Associate $375 per hour Emily Campbell, Associate $325 per hour George Villa, Bankruptcy Paralegal $215 per hour The firm will be paid a retainer in the amount of $55,235.50. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. M. Jermaine Watson, Esq., a partner at Cantey Hanger 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: M. Jermaine Watson, Esq. Cantey Hanger LLP 600 West 6th Street, Suite 300 Fort Worth, TX 76102 Telephone: (817) 877-2800 Facsimile: (817)333-2961 Email: jwatson@canteyhanger.com 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 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 reported 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. AMALGAMATE PROCESSING: Taps Pathfinder Group as Financial Advisor ----------------------------------------------------------------- Amalgamate Processing, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Pathfinder Group I, LLC as financial advisor. The firm will render these services: a. analyze review, and monitor the restructuring process, including, but not limited to an assessment of potential recoveries; b. prepare cash flow projections and budgets, business plans, cash receipts and disbursement analysis, asset and liability analysis, and the economic analysis of proposed transactions for which Court approval is sought; c. assist with review of any tax issues associated with, but not limited to, preservation of net operating losses, refunds due to the Debtor, plan of reorganization, and asset sales; d. assist with the review of the Debtor's business assets, the potential disposition or liquidation of the same, and assist regarding the review and assessment of any sales process relating to same; e. attend meetings and communications with the Debtor and its counsel, potential investors, banks, other secured lenders, the U.S. Trustee, other parties in interest and professionals hired by the same, as requested; f. prepare financial related disclosures required by the Court, including the Schedules of Assets and Liabilities, the Statement of Financial Affairs and Monthly Operating Reports; g. assist with the review of the affirmation or rejection of various executory contracts; h. assist with the review and evaluation of Debtor's employee retention and compensation plans; i. render such other general business consulting or such other assist as the Debtor or its counsel may deem necessary that are consistent with the role of a financial advisor; and j. assist and support in the evaluation of restructuring, sale and liquidation alternatives. Pathfinder Group financial professionals will be billed at the rate of $650 per hour. Any necessary travel time outside of the Dallas-Fort Worth Metroplex will be billed at the rate of $400 per hour. Pathfinder Group retains a prepetition retainer in the amount of $47,463.77. As disclosed in court filings, Pathfinder Group is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: J. Paul Ossa Pathfinder Group, LLC 2015 Orrington Avenue Evanston, IL 60201 Tel: (214) 557-4398 Email: possa@pathfindergroupllc.com 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 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 reported 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. AMERICAN UNAGI: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 1 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of American Unagi, Inc. About American Unagi Inc. American Unagi Inc., located in Waldoboro, Maine, operates a land-based aquaculture facility specializing in the sustainable farming of American eels. The Company raises glass eels sourced from licensed Maine harvesters in recirculating aquaculture systems and produces products including smoked, butterflied, and tinned eel. It serves both direct consumers through its online store and select seafood retailers and is part of the aquaculture and seafood production industry. American Unagi sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Me. Case No. 25-10180) on September 29, 2025. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Michael A. Fagone handles the case. The Debtor is represented by D. Sam Anderson, Esq., at Bernstein Shur Sawyer & Nelson, P.A. ANTHOLOGY INC: U.S. Trustee Appoints Creditors' Committee --------------------------------------------------------- The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Anthology Inc. and its affiliates. The committee members are: 1. Genius SIS LLC 14359 Miramar Parkway #376 Miramar, FL 33027 Representative: Brian Renaud, CFO brian@geniussis.com 2. Class Technologies Inc. 1717 N. Street NW, Suite 1 Washington, DC 20036 Representative: Brian Bharwani brian@class.com 3. A-LIGN Compliance and Security, Inc. d/b/a A-LIGN 400 N. Ashley Drive, Suite 1325, Tampa, FL 33602 Representative: Tony Stimson Legal@a-lign.com 4. Avalara, Inc. 512 S Magnum St. #100 Durham, NC 27701 Representative: Steven J. Reilly Steven.reilly@avalara.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 Anthology Inc. Headquartered in Boca Raton, Florida, Anthology Inc. provides education technology software and cloud-based services to higher-education institutions, governments, and businesses in more than 80 countries. Formed through the consolidation of Campus Management Corp., Campus Labs Inc., and iModules Software Inc., the Company offers platforms for teaching and learning, student information and enterprise planning, customer relationship management, and student success, along with tools for admissions, enrollment management, alumni engagement, and institutional effectiveness. Anthology and 26 affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90498) on September 29, 2025. At the time of the filing, the Debtors had $1 billion to $10 billion in assets and liabilities on a consolidated basis. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Haynes and Boone, LLP as local bankruptcy and conflicts counsel, Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsel, PJT Partners, LP as investments banker, FTI Consulting, Inc. as restructuring advisor, and Stretto, Inc. as claims and noticing agent. APPALACHIAN PRODUCER: Hires Michalik & Daniels Inc as Accountant ---------------------------------------------------------------- Appalachian Producer Services Corp. seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire Larra M. Daniels, CPA and Michalik & Daniels, Inc. as accountant. The firm will prepare the Debtor's tax returns, review of coding, bank reconciliation, and, cash flow reports. The accountant fees based upon their hourly basis of Senior Accountant/CPA $175/hour and Staff Accountant/Bookkeeper $45/hour, plus any out-of-pocket expenses incurred. As disclosed in the court filings, Michalik & Daniels is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and as required by Section 327(a) of the Bankruptcy Code and will hold no interest adverse to the Debtor and the bankruptcy estate for the matters for which it is to be engaged. The firm can be reached through: Larra M. Daniels, CPA Michalik & Daniels, Inc. 311 East Main Street Carnegie, PA 15106 Phone: (412) 322-2662 Email: larradanielscpa@gmail.com About Appalachian Producer Services Corp. Appalachian Producer Services Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22299) on August 29, 2025. At the time of the filing, Debtor had estimated assets of between $0 to $50,000 and liabilities of between $100,001 to $500,000. Judge Jeffery A. Deller oversees the case. Thompson Law Group, P.C. is Debtor's legal counsel. AQUA SPAS: Court OKs Deal on Cash Collateral Access --------------------------------------------------- The U.S. Bankruptcy Court for the District of Colorado approved a stipulation between Aqua Spas, Inc. and Wells Fargo Commercial Distribution Finance, LLC regarding the use of cash collateral. Wells Fargo claims a pre-bankruptcy lien due to the Debtor's sale of collateral without compensating it. Some of this collateral remains in the Debtor's possession, as confirmed by a site inspection. Meanwhile, the Colorado Department of Revenue claims the Debtor owes significant pre-bankruptcy sales tax, potentially with priority status, though this is under dispute and audit. To resolve these issues and allow operations to continue, the parties have agreed to a 30-day stipulation, which authorizes the Debtor to use cash collateral through November 7 in accordance with an approved budget. The Debtor is also permitted to sell all of Wells Fargo's remaining collateral, with proceeds to be distributed as follows: first, to Wells Fargo to satisfy its purchase money security interest on each sold item; then 20% of the net proceeds to Wells Fargo and 10% to CDOR. As additional protection, Wells Fargo will receive payment in the sum of $5,500. About Aqua Spas Inc. Aqua Spas Inc., also known as Spas R Us, sells and services hot tubs and swim spas through its locations in Fort Collins, Greeley, and Castle Rock, Colorado. The Company is a longtime dealer of Master Spas products, including the Michael Phelps Signature Swim Spa line. It also offers spa accessories, chemicals, filters, and related supplies, with shipping available for orders over $100. Aqua Spas Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14565) on July 22, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY. Wells Fargo Commercial Distribution Finance, LLC, as creditor, is represented by: Stephen K. Dexter, Esq. Lathrop GPM LLP 675 15th Street, Suite 2650 Denver, CO 80202 Telephone: 720.931-3200 Facsimile: 720.931-3201 Stephen.dexter@lathropgpm.com AURORA MOBILE IV: Seeks Chapter 11 Bankruptcy in Alabama -------------------------------------------------------- Aurora Mobile IV & Wellness LLC filed a Chapter 11 chapter bankruptcy in the Northern District of Alabama bankruptcy court on October 06, 2025. The bankruptcy petition for Aurora Mobile IV & Wellness LLC showed liabilities in the range of $100,001-$1,000,000. Aurora Mobile IV & Wellness LLC reports that the number of creditors is in the range of 1-49. About Aurora Mobile IV & Wellness LLC Aurora Mobile IV & Wellness LLC is a limited liability company. Aurora Mobile IV & Wellness LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 25-82023) on October 6, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Clifton R. Jessup Jr. handles the case. The Debtor is represented by Stuart M. Maples, Esq. of Thompson Burton PLLC. AURORA RIDGE: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------ On October 12, 2025, Aurora Ridge Homes Inc. initiated a voluntary Chapter 7 bankruptcy proceeding in the Eastern District of California. Court filings show the company's liabilities totaling between $100,001 and $1 million. The petition states that Aurora Ridge Homes Inc. has an estimated 1 to 49 creditors. About Aurora Ridge Homes Inc. Aurora Ridge Homes Inc. operates within California's residential construction industry, providing comprehensive design, development, and construction services for single-family homes. The company is committed to building comfortable, practical, and visually appealing residences for today's families. Aurora Ridge Homes Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-25618) on October 12, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Christopher M. Klein handles the case. The Debtor is represented by Peter G. Macaluso, Esq. of The Law Office of Peter Macaluso. BABA NANAK: Hires Richman & Richman LLC as Bankruptcy Counsel ------------------------------------------------------------- Baba Nanak Hospitality Group Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Wisconsin to hire Richman & Richman LLC as counsel. The firm's services include: (a) advising the Debtor with respect to its powers and duties as a debtor in possession and the continued management and operation of its businesses and properties; (b) assisting the Debtor with the continuation of debtor in possession operations and monthly reporting requirements; (c) advising the Debtor and taking all necessary action to protect and preserve the Debtor's estates, including prosecuting actions on behalf of the Debtor, defending any actions commenced against the Debtor, and representing the Debtor's interests in negotiations concerning litigation in which the Debtor is involved; (d) preparing amendments to bankruptcy schedules, statements of financial affairs, and all related documents as necessary; (e) assisting with the preparation of a plan of reorganization and the related negotiations and hearings; (f) preparing pleadings in connection with the chapter 11 case, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtor's estates; (g) analyzing executory contracts and unexpired leases, and the potential assumptions, assignments, or rejections of such contracts and leases; (h) advising the Debtor in connection with any potential sales of assets; (i) appearing at and being involved in various proceedings before this Court or other courts to assert or protect the interests of the Debtor and its estates; (j) analyzing claims and prosecuting any meritorious claim objections; and (k) performing other legal services for the Debtor that may be necessary and proper in connection with this Case. The firm's counsel and staff will be paid at these hourly rates: Michael Richman, Member $795 Claire Ann Richman, Member $625 Eliza Reyes, Senior Associate $495 James Soo, Associate $325 David Fowle, Paralegal $250 Kiran Hayer, Paralegal $225 Law Clerks $195 - $225 Paraprofessionals $100 - $150 In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer of $40,000 from the Debtor. Ms. Richman 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: Claire Ann Richman, Esq. Michael P. Richman, Esq. Richman & Richman LLC 122 W. Washington Ave., Ste. 850 Madison, WI 53703 Telephone: (608) 889-2322 About Baba Nanak Hospitality Group Corp Baba Nanak Hospitality Group Corp filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 25-25689) on October 7, 2025, listing $1,000,001 to $10 million in both assets and liabilities. Claire Ann Richman, Esq. at Richman & Richman LLC represents the Debtor as counsel. BARRACUDA NETWORKS: Palmer Square Marks $731,250 Loan at 19% Off ---------------------------------------------------------------- Palmer Square Opportunistic Income Fund has marked its $731,250 loan extended to Barracuda Networks, Inc. to market at $595,651 or 81% of the outstanding amount, according to Palmer Square's Form N-CSR for the fiscal year ended July 31, 2025, filed with the U.S. Securities and Exchange Commission. Palmer Square is a participant in a loan to Barracuda Networks, Inc. The loan accrues interest at a rate of 8.780% per annum. The loan matures on August 15, 2029. Palmer Square was organized as a Delaware statutory trust on May 1, 2014, and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. Shares of the Fund are being offered on a continuous basis. Palmer Square values equity securities at the last reported sale price on the principal exchange or in the principal over the counter market in which such securities are traded, as of the close of regular trading on the NYSE on the day the securities are being valued or, if the last-quoted sales price is not readily available, the securities will be valued at the last bid or the mean between the last available bid and ask price. Palmer Square is led by Jeffrey D. Fox as president and principal executive officer, treasurer, and principal financial officer. The Fund can be reached through: Jeffrey D. Fox Palmer Square Opportunistic Income Fund 1900 Shawnee Mission Parkway Suite 315 Mission Woods, KS 66205 Telephone: (816) 994-3200 About Barracuda Networks, Inc. Barracuda Networks is a cybersecurity company that provides security, networking, and storage solutions for businesses. Their products protect against email, web, and network threats, secure applications, and offer data backup and disaster recovery services. BAXSTO LLC: Gets Interim OK to Use Cash Collateral -------------------------------------------------- BAXSTO, LLC received interim approval from the U.S. Bankruptcy Court for the Western District of Texas, Austin Division, to use cash collateral. The court's interim order authorized the Debtor to use cash collateral to pay its expenses pending the final hearing on October 30. The Debtor may exceed individual line items by 10%, provided the total authorized amount is not exceeded by more than 10%. All creditors with an interest in cash collateral will be granted replacement liens, with the same priority, validity and extent as their pre-bankruptcy liens. There are no UCC financing statements on file with the Texas Secretary of State but a $729,000 judgment lien from Lea County Bank was found in Reeves County, though $185,000 of that amount has already been paid. Additionally, local taxing authorities have filed claims totaling over $125,000, according to the Debtor. As of the petition date, the Debtor had no cash on hand but has since received limited funds. Its five-week operating budget, beginning October 6, includes payments for critical services, such as a $5,000 weekly fee to a seasoned oil and gas landman, Ashley Stout, to recover funds and manage division orders; $1,250 per week for an administrative assistant; $2,500 per month for Chief Restructuring Officer Angelo DeCaro; and $25,000 for a post-petition retainer to its bankruptcy counsel, Barron & Newburger. Funds are also allocated for hiring a bookkeeper to organize financial records. The Debtor argued that the revenues generated from its oil and gas interests qualify as "cash collateral" under 11 U.S.C. section 363(a), and that without access to these funds, it will not be able to sustain operations, leading to a potential collapse of the business. About Baxsto LLC Baxsto LLC, based in Austin, Texas, manages and owns undivided mineral interests in Howard and Borden Counties. Formed in 2014, the Company leases these mineral rights to oil and gas operators for the extraction of oil, gas, limestone, gravel, coal, sulfur, and other minerals. Baxsto LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-11291) on August 21, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Shad Robinson handles the case. The Debtor is represented by Stephen W. Sather, Esq. at BARRON & NEWBURGER, P.C. BE PLASTICS: Gets Interim OK to Use Cash Collateral Until Nov. 4 ---------------------------------------------------------------- BE Plastics, Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral to fund operations. The court's interim order authorized the Debtor to use cash collateral through November 4 in accordance with its budget. As adequate protection for the Debtor's use of cash collateral, Comerica Bank and De Lage Landen Financial Services, Inc. will be granted replacement liens on all post-petition cash collateral and post-petition acquired property to the same extent and priority they possessed as of the petition date. The replacement liens do not attach to Chapter 5 causes of action. The next hearing is set for November 4. BE Plastics, which operates a wholesale plastic resin trade business, continues as a debtor-in-possession without a creditors' committee and relies entirely on revenue from ongoing operations to cover essential expenses such as payroll, equipment, and general overhead. As of the petition date, the Debtor reported $24,971 in cash and approximately $168,778 in accounts receivable, with an anticipated $300,000 in revenue over the next 30 days and projected $41,636 in cash on hand at the end of that period. The Debtor asserts that immediate access to these funds is critical to avoid ceasing operations. The Debtor identifies Comerica Bank as the only known secured creditor, holding a blanket lien on all of its assets, including cash, pursuant to a $1 million line of credit issued in February 2021. As of the petition date, the Debtor owes Comerica approximately $63,802, making Comerica fully secured in relation to the Debtor's total asset value of $217,205 (though some of this includes property seized by the FBI). About BE Plastics Inc BE Plastics Inc sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S. D. Tex. Case No. 25-35842) on October 3, 2025. In the petition signed by Bilal Effendi, director, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Eduardo V. Rodriguez oversees the case. Robert C Lane, Esq., at The Lane Law Firm, represents the Debtor as legal counsel. BEYOND MEAT: Shares Sink After Debt Swap That Dilutes Stakeholders ------------------------------------------------------------------ Dorothy Ma and Peyton Forte of Bloomberg Law reports that Beyond Meat Inc. saw its steepest drop since going public in 2019 after announcing that nearly all its creditors had agreed to a debt exchange that will significantly dilute shareholder value. The company's stock plunged over 48% to $1.03 on Monday, October 13, 2025, marking its largest single-day decline, according to the report. Shares had already fallen 47% year-to-date through Friday, October 10, 2025, the report states. According to the Bloomberg Law, Beyond Meat expects to issue approximately 316 million new shares under the debt conversion plan, initially revealed in September to cut debt levels, the report relays. About Beyond Meat Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat's brand promise, Eat What You Love(R), represents a strong belief that there is a better way to feed the future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. BIO-KEY INTERNATIONAL: Raises $1M Proceeds From Note Purchase Deal ------------------------------------------------------------------ BIO-key International, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into and closed a Note Purchase Agreement with Streeterville Capital, LLC, an existing lender of the Company, which provided for the issuance of a $1,130,000 principal amount senior secured promissory note. The Note carries an original issue discount of $125,000 and the Company agreed to pay $5,000 to the Lender to cover its transaction costs, which were deducted from the proceeds of the Note resulting in a total of $1,000,000 being funded to the Company at closing. The proceeds will be used for general working capital. The principal amount of the Note is due 18 months following the date of issuance. Interest under the Note accrues at a rate of 9% per annum. All repayments of principal due under the Note will be subject to an exit fee of 7% of the principal amount being repaid. Commencing six months after the date of issuance of the Note, Lender shall have the right to redeem up to $135,000 of principal amount under the Note each month which amount plus the Exit Fee will be due and payable three trading days of Lender's delivery of a redemption notice to the Company. At the end of each month following the Redemption Start Date, if the Company has not reduced the outstanding balance under the Note by at least $135,000, then by the fifth day of the following month, the Company must either pay to Lender the difference between $135,000 and the amount, if any, redeemed in such month plus the Exit Fee, or the outstanding balance due under the Note will automatically increase by 1% as of such fifth day. The Note is secured by a lien on substantially all of the Company's assets and properties and can be prepaid in whole or in part without penalty at any time. In the event that the Company receives any proceeds in connection with any fundraising or financing transaction (including any warrant exercises), it will be required to make a mandatory prepayment equal to the lesser of: (i) 40% of the amount raised in such transaction and (ii) the full amount due under the Note. The Note provides for customary events of default, including, among other things, the event of non-payment of principal, interest, fees or other amounts, a representation or warranty proving to have been incorrect when made, failure to perform or observe covenants within a specified period of time, the bankruptcy or insolvency of the Company or of all or a substantial part of its property, and monetary judgment defaults of a specified amount. Upon the occurrence of an Event of Default, Lender may: (i) cause interest on the outstanding balance to accrue at an interest rate equal to the lesser of 22% or the maximum rate permitted under applicable law, and (ii) accelerate all amounts due under the Note plus an amount equal to (a) 15% of the amount due under the Note for each default that is considered a major trigger event (as defined), and (b) 5% of the amount due under the Note for each occurrence of any default that is considered a minor trigger event (as defined), in any case not to exceed 25%. The Note also contains certain covenants, including the Company timely filing all reports with the SEC and maintaining the listing of its common stock on the Nasdaq Stock Market. The foregoing descriptions of the Purchase Agreement, Note, and related transaction documents do not purport to be complete and are qualified in their entirety by reference to the complete text of such agreements, copies of which are filed as exhibits to the Report on Form 8-K, available at https://tinyurl.com/bdfancmu About BIO-key Holmdel, N.J.-based BIO-key International, Inc., founded in 1993, is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions. Henderson, Nev.-based Bush & Associates CPA LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 23, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has suffered substantial net losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2025, the Company had $10.52 million in total assets, $3.66 million in total liabilities, and $6.85 million in total stockholders' equity. BOXLIGHT CORP: Believes to Meet Equity and Governance Standards --------------------------------------------------------------- Boxlight Corporation disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it believes, as of October 3, 2025, it has stockholders' equity of at least $2.5 million as required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b). The Company awaits Nasdaq's formal confirmation that it has regained compliance with the Equity Rule. In any event, the Company expects that Nasdaq will continue to monitor the Company's compliance with the Equity Rule and, if at the time of its next periodic report the Company does not comply, the Company may be subject to delisting. The Company believes it regained compliance following the completion of the transactions. As previously reported, on April 7, 2025, the Company received notice from Nasdaq's Listing Qualifications Staff that it no longer satisfied the Equity Rule. The Company thereafter submitted a plan to regain compliance with the rule. On August 8, 2025, the Company held its 2025 annual meeting of shareholders, at which the Company's shareholders approved, among other items, an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of Class A common stock to 25,000,000. On September 24, 2025, the Company announced that it had completed an offering of its Class A common stock that raised $4.0 million in gross proceeds, before deducting the placement agent's fees and other offering expenses payable by the Company. Further, holders of 882,000 shares of common warrants have exercised their warrants at $2.13 per share in the past few weeks, providing the Company with another $1.9 million of gross proceeds. On October 3, 2025, the Company reported that it had entered into an agreement to modify the terms of its Series B Preferred Stock and for the holders of its Series C Preferred Stock to convert their holdings into common stock of the Company. The increase in the number of authorized shares of Class A common stock was necessary to allow the conversion of the 1,320,850 shares of Series C Preferred Stock into 194,843 shares of Class A common stock. The original terms of the Series B Preferred Stock contained redemption features that were not solely within the control of the Company, and the Company classified the Series B Preferred Stock as temporary equity on its consolidated balance sheet. The modifications to the Series B Preferred Stock, among other things, removed the redemption features that were not solely in the Company's control. As a result, the Company believes it is now able to classify the Series B Preferred Stock as permanent equity on its consolidated balance sheet. The Company believes that the combination of the capital raising activities above and the reclassification of the Series B Preferred Stock results in the Company complying with the Equity Rule by having stockholders' equity of at least $2.5 million. Furthermore, as reported on August 14, 2025, the Company regained compliance with Nasdaq Listing Rule 5605(b)(1), which requires that a majority of the Board must be comprised of independent directors as defined in Nasdaq listing standards, through the election of new independent directors. Finally, the Company has also recently regained compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires, among other things, that audit committees have at least one member that has past employment experience in finance or accounting, requisite professional certification in accounting, or any other comparable experience or background which results in the individual's financial sophistication. The Board of Directors has concluded that Carine Clark, including through her primary occupation as chief executive officer of a mortgage lender, has the requisite experience and background that results in her financial sophistication. As a result of the foregoing, the Company believes it is currently in compliance with Nasdaq's listing standards. About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. In its audit report dated March 28, 2025, Forvis Mazars, LLP issued a "going concern" qualification citing that the Company has identified certain conditions relating to its outstanding debt and Series B and C Preferred Stock that are outside the control of the Company. In addition, the Company has generated recent losses. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The Company's Term Loan, which has an outstanding balance of $39.0 million as of June 30, 2025, matures on Dec. 31, 2025. As of June 30, 2025, the Company's short-term debt will mature within the six months. The Company said it is seeking to refinance its debt with new lenders but noted there is no guarantee the effort will succeed before the Term Loan matures, at which point all amounts will be due. As of June 30, 2025, the Company had cash and cash equivalents of $7.6 million, a working capital balance of ($0.5) million, and a current ratio of 0.99. Boxlight reported total assets of $99.20 million, total liabilities of $91.32 million, total mezzanine equity of $28.51 million, and a total stockholders' deficit of $20.63 million. BOXLIGHT CORP: Series C Stock Converted Into 198,920 Common Shares ------------------------------------------------------------------ Boxlight Corporation disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that effective October 1, 2025, the Company entered into an agreement with all of the holders of its Series B Preferred Stock, par value $0.0001 per share, and of its Series C Preferred Stock, par value $0.0001 per share. Pursuant to the Agreement, the holders converted all outstanding shares of Series C Stock--constituting a total of 1,320,850 shares--into a total of 198,920 shares of Class A Common Stock, par value $0.0001 per share. In addition, the holders agreed with the Company to amend the terms of the Series B Stock. Specifically, the right of the holders to convert their Series B Stock into Common Stock at their option, and a provision that provided for automatic conversion if the price of the Common Stock on the Nasdaq Capital Market reached a certain level, were eliminated. The right of the holders to cause the Company to redeem their Series B Stock at their option was also eliminated. The dividend provisions of the Series B Stock were amended to provide that the current 8% per annum dividend, currently accruing on a non-compounding cumulative basis, would begin accruing at 9% per annum on October 2, 2027, 10% on October 2, 2028, 11% on October 2, 2029 and 12% on October 2, 2030 and thereafter. The cumulative dividends are payable only when and if declared, or in the event of a liquidation of the Company. No dividends can be declared or paid on junior classes of capital stock, including the Common Stock, unless unpaid cumulative dividends on the Series B Stock are first paid. Although the dividends are payable only when and if declared or upon a liquidation, dividends that do become payable but remain unpaid will accrue interest at a fixed rate of 12% until such dividend and interest shall be paid in full. In the Agreement, the Company agreed to apply up to 20% of the net proceeds of future primary equity securities offerings undertaken by the Company for capital-raising purposes to redeem or repurchase the Series B Stock at a redemption price per share of $10.00 until all such shares are redeemed and repurchased. The obligation to repurchase or redeem the Series B Stock is subject to possible limitation based on legal, stock market listing standard or marketing-related considerations. On October 2, 2025, the Company filed with the Nevada Secretary of State an Amendment to the Certificate of Designation of its Series B Preferred Stock to implement the amendments. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Agreement, available at https://tinyurl.com/5n8kzpv7 About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. In its audit report dated March 28, 2025, Forvis Mazars, LLP issued a "going concern" qualification citing that the Company has identified certain conditions relating to its outstanding debt and Series B and C Preferred Stock that are outside the control of the Company. In addition, the Company has generated recent losses. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The Company's Term Loan, which has an outstanding balance of $39.0 million as of June 30, 2025, matures on Dec. 31, 2025. As of June 30, 2025, the Company's short-term debt will mature within the six months. The Company said it is seeking to refinance its debt with new lenders but noted there is no guarantee the effort will succeed before the Term Loan matures, at which point all amounts will be due. As of June 30, 2025, the Company had cash and cash equivalents of $7.6 million, a working capital balance of ($0.5) million, and a current ratio of 0.99. Boxlight reported total assets of $99.20 million, total liabilities of $91.32 million, total mezzanine equity of $28.51 million, and a total stockholders' deficit of $20.63 million. BRONX CAR: Case Summary & Six Unsecured Creditors ------------------------------------------------- Debtor: Bronx Car Park Systems Inc. 184 Fifth Avenue 5th Floor New York NY 10010 Business Description: Bronx Car Park Systems Inc. operates a parking facility at 2425 Sedgwick Avenue in the Bronx, New York, providing vehicle storage and management services. Chapter 11 Petition Date: October 10, 2025 Court: United States Bankruptcy Court Southern District of New York Case No.: 25-12249 Judge: Hon. David S Jones Debtor's Counsel: Douglas Pick, Esq. PICK & ZABICKI LLP 369 Lexington Avenue 12th Floor New York City NY 10017 Tel: (212) 695-6000 E-mail: dpick@picklaw.net Total Assets: $422,626 Total Liabilities: $1,740,715 The petition was signed by Wendy Ull as president. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QJ45D7A/Bronx_Car_Park_Systems_Inc__nysbke-25-12249__0001.0.pdf?mcid=tGE4TAMA CACHCOPA LLC: Taps All American Financial Services as Accountant ---------------------------------------------------------------- Cachcopa, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ All American Financial Services, LLC as accountant. The accountant will prepare the Debtor's cash and operating budgets, prepare monthly operating reports, accounts receivable and payable management, and general bookkeeping. The accountant will receive a monthly flat fee of $3,645 per month for the months of September and October 2025, and $2,445 per month for the month of November 2025, and each succeeding month after that, as well as $25 per IRS Form 1099 prepared and filed. As disclosed in the court filings, All American Financial Services and its agents are disinterested, and do not hold or represent an interest adverse to the Debtor's estate. The firm can be reached through: Jason Watkins All American Financial Services, LLC Phone: (909) 528-1760 About Cachcopa LLC Cachcopa, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01657) on August 26, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Caryl E. Delano presides over the case. Erik Johanson PLLC represents the Debtor as bankruptcy counsel. CALDERIA INC: Section 341(a) Meeting of Creditors on Nov. 5 ----------------------------------------------------------- On October 8, 2025, Calderia LLC filed Chapter 11 protection in the District of Massachusetts. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. A meeting of creditors under Section 341(a) to be held on November 5, 2025 at 1:30 PM: Dial-in Number: 888-330-1716 Participant Code: 1093908. For International Call Information Please Contact the Trustee. (202) 306-3815 About Calderia LLC Calderia LLC owns and manages real estate properties on Nook Road and Summer Street in Plymouth, Massachusetts, and on South Ridge Avenue in Kannapolis, North Carolina. Calderia LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-41068) on October 8, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. The Debtor is represented by James P. Ehrhard, Esq. of Ehrhard & Associates. CARSON VALLEY: S&P Affirms 'BB+' Rating on 2021A Revenue Bonds -------------------------------------------------------------- S&P Global Ratings revised the outlook to positive from stable and affirmed its 'BB+' long-term rating on the Public Finance Authority, Wis.' series 2021A revenue bonds, issued on behalf of Washoe Barton Medical Clinic d/b/a Carson Valley Health (CVH), Nev. The outlook revision reflects the hospital's trend of robust underlying operating performance in conjunction with sustained key balance-sheet metrics that are above speculative-grade rating expectations, including days' cash on hand (DCOH), as well as the recent opening of an expansion project that should further aid the credit profile. S&P said, "We view CVH's physical risk as elevated in our credit rating analysis because the hospital operates in markets that could be prone to acute and chronic wildfires, drought and extreme heat, and natural disasters, all of which can disrupt operations and result in large-scale property damage. We also consider CVH social capital risk to be elevated in our analysis because it operates in a limited service area with weak demographic indicators. We believe there are risks inherent in operating in a small service area, including physician turnover and recruitment risks, which have been exacerbated by industry headwinds. Lastly, while we view CVH's governance factors as neutral in our credit rating analysis, we note that although it is the sole member of the obligated group, the hospital is co-owned (50/50) by Renown Health and Barton Healthcare. Barton Healthcare also provides some IT network support and the hospital maintains its electronic health record (EHR) system through Renown Health's EHR platform, which has resulted in enhanced physician alignment and is also supportive from a cybersecurity standpoint. "The positive outlook reflects our expectation that CVH will generate steady-to-improved underlying operating results and cash flow through the outlook period. In addition, a solid DCOH and cash-to-debt position support the outlook. The positive outlook further reflects our expectation that CVH will maintain its market position with steady-to-improved volumes following the expansion of facilities at the end of fiscal 2024. "We could revise the outlook to stable or lower the rating if operations decline such that maximum annual debt service coverage weakens to levels consistently below rating expectations or if there is a material weakening of balance-sheet metrics. We would also view unfavorably any meaningful pressures to enterprise characteristics. "We could raise the rating if management is able to maintain operating performance at current levels or better through a period of strategic growth initiatives and expansion, along with maintaining stability in balance-sheet metrics, which are currently above speculative-grade rating expectations. We would also view favorably a meaningful enterprise profile improvement, specifically related to the business position." CASTLE HEATING: Seeks Chapter 7 Bankruptcy in Colorado ------------------------------------------------------ On October 11, 2025, Castle Heating and Cooling LLC voluntarily filed a Chapter 7 bankruptcy petition in the District of Colorado. The filing shows that the company holds debts total between $100,001 and $1 million. The business reports having between 1 and 49 creditors. About Castle Heating and Cooling LLC Castle Heating and Cooling LLC is a limited liability company. Castle Heating and Cooling LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-16617) on October 11, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Erik Alfred Johnson, Esq. of Erik A. Johnson, P.C. CAUSEY STREETER: Section 341(a) Meeting of Creditors on November 3 ------------------------------------------------------------------ On October 7, 2025, Causey Streeter CPAs 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. A meeting of creditors under Section 341(a) to be held on November 3, 2025 at 02:00 PM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. About Causey Streeter CPAs LLC Causey Streeter CPAs LLC provides accounting and tax services to high-net-worth individuals and small businesses, ranging from basic tax management to advanced tax planning and reduction strategies. The firm operates in the United States and delivers personalized financial guidance through experienced tax professionals. Its services include tax preparation, planning, and consulting tailored to its clients' individual and business needs. Causey Streeter CPAs LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. Case No. 25-61703) on October 7, 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. of ROUNTREE, LEITMAN, KLEIN & GEER, LLC. CENTRAL PARENT: Palmer Square Marks $447,744 Loan at 18% Off ------------------------------------------------------------ Palmer Square Opportunistic Income Fund has marked its $447,744 loan extended to Central Parent LLC. to market at $366,031 or 82% of the outstanding amount, according to Palmer Square's Form N-CSR for the fiscal year ended July 31, 2025, filed with the U.S. Securities and Exchange Commission. Palmer Square is a participant in a loan to Central Parent LLC. The loan accrues interest at a rate of 7.549% per annum. The loan matures on July 6, 2029. Palmer Square was organized as a Delaware statutory trust on May 1, 2014, and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. Shares of the Fund are being offered on a continuous basis. Palmer Square values equity securities at the last reported sale price on the principal exchange or in the principal over the counter market in which such securities are traded, as of the close of regular trading on the NYSE on the day the securities are being valued or, if the last-quoted sales price is not readily available, the securities will be valued at the last bid or the mean between the last available bid and ask price. Palmer Square is led by Jeffrey D. Fox as president and principal executive officer, treasurer, and principal financial officer. The Fund can be reached through: Jeffrey D. Fox Palmer Square Opportunistic Income Fund 1900 Shawnee Mission Parkway Suite 315 Mission Woods, KS 66205 Telephone: (816) 994-3200 About Central Parent LLC Central Parent LLC of Delaware provides software solutions. The Company serves customers in the United States. CIVIL LLC: Committee Taps BDO Consulting as Financial Advisor ------------------------------------------------------------- The official committee of unsecured creditors of Civil, LLC and affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to employ BDO Consulting Group, LLC as financial advisors. The firm will render these services: a. advise and assist the Committee in its analysis and monitoring of the Debtors' historical, current, and projected financial affairs, including, schedules of assets and liabilities, statement of financial affairs and monthly operating reports; b. advise and assist the Committee with respect to the use of cash collateral and Debtor-in-Possession ("DIP") financing, including evaluation of the Debtors' covenant review protocol and monitoring thereof; c. advise and assist the Committee and counsel in their review of the prepetition lending facilities and evaluation of the Debtors' contractual arrangements; d. review the proposed payments of pre-petition expenses by the Debtors and perform procedures to ensure that the payments are appropriate; e. advise and assist the Committee and counsel in reviewing and evaluating any court motions, applications, or other forms of relief filed or to be filed by the Debtors, or any other parties-in-interest; f. review and evaluate cash flows and/or other projections of the Debtors, including scrutinizing cash receipts and disbursements on an on-going basis and as needed, prepare alternative business projections relating to the valuation of the Debtors' business enterprises; g. prepare valuation analyses of the Debtors' businesses and assets using various professionally accepted methodologies; h. evaluate financing proposals and alternatives proposed by the Debtors for use of cash collateral, exit financing and capital raising supporting any plan of reorganization; i. work to develop strategies to maximize recoveries from the Debtors' assets and advise and assist the Committee with respect to such strategies; j. monitor the Debtors' sales process, assist identify potential purchasers of the Debtors' assets, assist the Committee in evaluating sales proposals and alternatives, and attend any auctions of the Debtors' assets; k. analyze the financial ramifications of any proposed transactions for which the Debtors seek Bankruptcy Court approval, including, but not limited to, sale of all or a portion of the Debtors' assets, and/or employee incentive and severance plans; l. monitor the Debtors' claims management process, analyze claims including guarantee claims, administrative claims (including 503(b)(9) claims), secured claims, priority claims and potential deficiency claims and summarize claims by entity, as needed; m. advise and assist the Committee in investigating, identifying, and/or reviewing any related party transactions, asset sales or other pre-petition transactions, fraudulent conveyances, preference payments, and other potential causes of action that the Debtors' estate may hold against insiders and/or third parties; n. assist the Committee in evaluating potential litigation matters and assessing the impact on potential recoveries; o. analyze the Debtors' assets and analyze potential recoveries to creditor constituencies under various scenarios and prepare the associated recovery waterfall; p. review and provide analysis of any plan and disclosure statement relating to the Debtors, including, if applicable, the development and analysis of any plan proposed by the Committee; q. advise and assist the Committee in its assessment of the Debtors' employee needs and related costs, including evaluation of any proposed KERP or KEIP plans; r. advise and assist the Committee in the evaluation of the Debtors' contractual arrangements; s. attend Committee meetings, court hearings, and auctions as may be required; t. assist the Committee in the evaluation of the tax impact of any proposed transaction; u. assist Committee Counsel in preparing for any depositions and testimony, as well as prepare for and provide expert testimony at depositions and court hearings, as requested; v. assist in restructuring negotiations / strategic restructuring analysis; and w. provide other items as requested by the Committee. BDO’s standard hourly rates are: Principal/Managing Director $750 to $1,200 Director/ Senior Manager $675 to $950 Manager $550 to $750 Senior Associate $375 to $650 Associate $175 to $400 In addition, the firm will seek reimbursement for out-of-pocket expenses incurred. Evan Blum, a partner at BDO USA, LLP, the parent entity of BDO Consulting Group, disclosed in court filings that the firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Evan Blum BDO Consulting Group, LLC 100 Park Avenue New York, NY 10017 Telephone: (212) 885-8000 Facsimile: (212) 697-1299 About Civil, LLC Civil, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. W.V. Case No. 2:25-bk-20179) on August 20, 2025. In the petition signed by Barry W. Tackett, chief restructuring officer, the Debtor disclosed between $50 million and $100 million in assets and between $10 million and $50 million in liabilities. Judge B. Mckay Mignault oversees the case. J. Zachary Balasko, Esq., at Steptoe and Johnson PLLC, represents the Debtor as legal counsel. CLOVERLEAF ELECTRIC: Case Summary & 20 Top Unsecured Creditors -------------------------------------------------------------- Debtor: Cloverleaf Electric, LLC 1239 Chicago Road Troy, MI 48083 Business Description: Cloverleaf Electric, LLC provides residential, commercial, and industrial electrical contracting services across Michigan. It installs, repairs, and maintains electrical systems for homes, businesses, and manufacturing facilities, covering wiring, lighting, control systems, and breaker panels. Founded in 2011 and based in Troy, Michigan, the Company serves clients across the region. Chapter 11 Petition Date: October 14, 2025 Court: United States Bankruptcy Court Eastern District of Michigan Case No.: 25-50310 Judge: Hon. Mark A Randon Debtor's Counsel: Mark H. Shapiro, Esq. STEINBERG SHAPIRO & CLARK 25925 Telegraph Road Ste 203 Southfield MI 48033 Tel: (248) 352-4700 Email: shapiro@ssc-law.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Shawn Hosner as sole member and manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HIDOKCI/Cloverleaf_Electric_LLC__miebke-25-50310__0001.0.pdf?mcid=tGE4TAMA COLLABORATIVE TECHNOLOGY: Case Summary & 3 Unsecured Creditors -------------------------------------------------------------- Debtor: Collaborative Technology Solutions International, LLC 9163 Booker Lane Conifer, CO 80433 Business Description: Collaborative Technology Solutions International provides technology consulting and cloud-based solutions to small and mid- market organizations worldwide, offering advisory services, project implementations, and ticket-based support for CRM and other cloud platforms. The Company customizes its services to meet individual business needs and integrates technologies from providers such as Microsoft, Amazon Web Services, Zapier, Opero, ZoomInfo, Formstack, HubSpot, ActiveCampaign, Conga, DocuSign, and QuickBooks. It partners with firms including Owls Head, Cloudstreet, and Insycle to enhance its service offerings. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court District of Colorado Case No.: 25-16557 Judge: Hon. Kimberley H Tyson Debtor's Counsel: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street Suite 200 Littleton, CO 80120 Tel: 303-296-1999 Email: agarber@wgwc-law.com Total Assets: $380,763 Total Liabilities: $1,092,702 The petition was signed by Marc J Galante as president. A copy of the Debtor's list of three unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DXZQYNI/Collaborative_Technology_Solutions__cobke-25-16557__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DO6SL2Q/Collaborative_Technology_Solutions__cobke-25-16557__0001.0.pdf?mcid=tGE4TAMA COMPLETELY CONCRETE: Cash Collateral Hearing Set for Nov. 4 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California is set to hold a hearing on November 4 to consider another extension of Completely Concrete Structures, Inc.'s authority to use cash collateral. The Debtor was previously authorized to use cash collateral for employee payroll from its Chase Bank accounts ending in 8719 and 8685 pursuant to the court's October 10 interim order. This temporary approval ensures the Debtor can maintain basic operations while under Chapter 11 protection. While the Debtor may set aside funds for insider compensation, the court prohibited any actual disbursement to insiders until the Debtor satisfies all requirements of the Bankruptcy Code and Local Bankruptcy Rule 2014-1. The Debtor's assets, valued at approximately $638,000 as of the petition date, consist of roughly $60,000 in bank accounts, vehicles, construction equipment, receivables, and supplies. It has no real property and currently employs 38 non-insiders and 5 insiders, including CEO John Stich, CFO Noah Ornstein, and three of Stich's children. At the time of filing, the Debtor was involved in four active construction projects. Secured debts total approximately $7.96 million, with key secured creditors including the U.S. Small Business Administration (SBA) ($500,000), the Internal Revenue Service (IRS) (over $7.1 million from two tax liens), and the California Employment Development Department (EDD) (multiple tax liens totaling nearly $900,000). The Debtor contends that EDD holds the first-priority lien, followed by the SBA, while the IRS, which filed its tax liens later, is deemed to be wholly unsecured based on the asset values. About Completely Concrete Structures Inc. Completely Concrete Structures Inc., based in Los Angeles, California, provides structural concrete contracting services, specializing in commercial, multi-family, and mixed-use developments. The Company offers expertise in shoring, superstructure construction, and value engineering. Completely Concrete Structures Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-18746) on October 1, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger. COMPREHENSIVE HEALTHCARE: Taps Capozzi Adler as Special Counsel --------------------------------------------------------------- Comprehensive Healthcare Management Services, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire Capozzi Adler, P.C., as special counsel. The professional services to be rendered by Capozzi Adler include all Medicaid Audit and appeal issues, labor and employment matters, assistance with collections, assistance with obtaining guardianships, regulatory issues, and other long term care matters not related to the bankruptcy proceeding. The Debtor will be charged by Capozzi Adler a flat fee of $10,000 for the Medicaid Audit appeal. All other non-bankruptcy related matters will be billed at the following hourly rates for legal services: Attorneys $400 to $550 Paralegals $150 Law Clerks $200 Reimbursement Analysis $275 Capozzi Adler believes that it represents no interest adverse to the Debtor and has no connection with the Debtor's creditors. The firm can be reached at: Louis J. Capozzi, Jr., Esq. Capozzi Adler, P.C. 2933 N. Front Street Harrisburg, PA 17110 Telephone: (717) 233-4101 E-mail: louc@capozziadler.com About Comprehensive Healthcare Management Services, LLC Comprehensive Healthcare Management Services, LLC, doing business as Brighton Rehabilitation & Wellness Center, operates a long-term care and skilled nursing facility in Beaver, Pennsylvania. The Company provides rehabilitation, therapy, and sub-acute services, including physical, occupational, and speech therapy, along with nursing and supportive care for residents. Comprehensive Healthcare Management Services, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-02775) on September 29, 2025. At the time of filing, the Debtor estimated up to $50,000 in assets and $50 million to $100 million in liabilities. The petition was signed by Akiko Ike as manager of the managing entity. Robert E. Chernicoff, Esq. at CUNNINGHAM, CHERNICOFF & WARSHAWSKY PC represents the Debtor as counsel. COMPREHENSIVE HEALTHCARE: Taps Cunningham Chernicoff as Counsel --------------------------------------------------------------- Comprehensive Healthcare Management Services, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire Cunningham, Chernicoff & Warshawsky, P.C. as counsel. The firm will provide these services: (a) give the Debtor legal advice regarding its powers and duties in the continued operation of its business and management of its property; (b) prepare and file on behalf of the Debtor the original Petition and Schedules, and all necessary legal papers; and (c) perform all other legal services for the Debtor which may be necessary. The firm will be paid at these rates: Robert Chernicoff, Lead Counsel $450 per hour Partners $350 to $450 per hour Associate Attorneys $150 to $300 per hour Paralegals $100 to $175 per hour The firm received a general pre-Petition retainer of $50,000. Mr. Chernicoff disclosed in a court filing that the firm is a "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert E. Chernicoff, Esq. Cunningham, Chernicoff & Warshawsky, PC 2320 North Second Street P.O. Box 60457 Harrisburg, PA 17106-0457 Tel: (717) 238-6570 About Comprehensive Healthcare Management Services, LLC Comprehensive Healthcare Management Services, LLC, doing business as Brighton Rehabilitation & Wellness Center, operates a long-term care and skilled nursing facility in Beaver, Pennsylvania. The Company provides rehabilitation, therapy, and sub-acute services, including physical, occupational, and speech therapy, along with nursing and supportive care for residents. Comprehensive Healthcare Management Services, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-02775) on September 29, 2025. At the time of filing, the Debtor estimated up to $50,000 in assets and $50 million to $100 million in liabilities. The petition was signed by Akiko Ike as manager of the managing entity. Robert E. Chernicoff, Esq. at CUNNINGHAM, CHERNICOFF & WARSHAWSKY PC represents the Debtor as counsel. CONSTRUCTION WITH QUALITY: Seeks Chapter 7 Bankruptcy in Arizona ---------------------------------------------------------------- On October 3, 2025, Construction with Quality LLC voluntarily filed for Chapter 7 bankruptcy in the District of Arizona. Court filings show the company's liabilities both fall within the $0–$100,000 range, with a reported creditor count between 1 and 49. About Construction with Quality LLC Construction with Quality LLC is a limited liability company. Construction with Quality LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09438) on October 3, 2025. In its petition, the Debtor reports estimated assets and liabilities up to $100,000 each. Honorable Bankruptcy Judge Scott H. Gan handles the case. The Debtor is represented by Scott M. Baker, Esq. of SCOTT MACMILLAN BAKER, PC. CONTEMPORARY MEDICAL: Sec. 341(a) Meeting of Creditors on Nov. 7 ---------------------------------------------------------------- On October 8, 2025, Contemporary Medical Services PC filed Chapter 11 protection in the Eastern District of New York. According to court filing, the Debtor reports $3,884,615 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 November 7, 2025 at 02:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 3913464. About Contemporary Medical Services PC Contemporary Medical Services PC provides obstetrics and gynecology services at its main office in Islip, New York, and maintains additional locations in Brentwood and Sayville, serving patients across the region. Contemporary Medical Services PC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73888) on October 8, 2025. In its petition, the Debtor reports total assets of $986,680 and total liabilities of $3,884,615. Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case. The Debtor is represented by Joseph S. Maniscalco, Esq. of LAMONICA HERBST & MANISCALCO, LLP. CORVIAS CAMPUS: Seeks to Extend Plan Exclusivity to Jan. 21, 2026 ----------------------------------------------------------------- Corvias Campus Living - USG, LLC asked the U.S. Bankruptcy Court for the District of Delaware to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to January 21, 2026 and March 23, 2026, respectively. The Debtor explains that given the progress that the company has made in this chapter 11 case, the Debtor submits that a 90-day initial extension of the Exclusive Periods is reasonable. Most notably, as a result of arm's-length negotiations, the Debtor and the Major Case Parties reached an agreement embodied in a combined disclosure statement and chapter 11 plan. Granting the requested extension will give the Debtor the opportunity to follow through with this without the distraction, cost and delay of a competing plan process. The Debtor claims that its request to extend the Exclusive Periods is not intended to exert leverage over creditors or any other party affected by this chapter 11 case. The Debtor continues to work closely with key stakeholders to develop a consensual resolution of this chapter 11 case that will maximize the value of the Debtor's estate. The Debtor asserts that termination of the Exclusive Periods would adversely impact the Debtor's efforts to preserve and maximize the value of its estate and the progress of this chapter 11 case. As mentioned, the Debtor has filed a combined disclosure statement and plan that reflects a global settlement with the Major Case Parties. Opening this chapter 11 case up to a competing plan process at this stage would benefit neither the Debtor nor its creditors or stakeholders. The Debtor further asserts that termination of the Exclusive Periods would disrupt the critical work that has been and the efforts of the Debtor to wind down its estate. Moreover, it would substantially increase the costs of administering this chapter 11 case for no attendant benefit. The Debtor is the best situated and most effective party to manage the plan process and the wind-down of its estate for the benefit of all stakeholders. Accordingly, the Debtor submits that an initial 90-day extension of the Exclusive Periods is appropriate in light of the facts and circumstances of this chapter 11 case. The Debtor's Counsel: Derek C. Abbott, Esq. Matthew O. Talmo, Esq. Tamara K. Mann, Esq. Brenna A. Dolphin, Esq. Brianna N.V. Turner, Esq. MORRIS NICHOLS ARSHT & TUNNELL, LLP 1201 North Market Street #1600 Wilmington DE 19081 Tel: (302) 658-9200 Fax: (302) 658-3989 Email: dabbott@morrisnichols.com mtalmo@morrisnichols.com tmann@morrisnichols.com bdolphin@morrisnichols.com bturner@morrisnichols.com About Corvias Campus Living-USG Corvias Campus Living-USG, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11214 on June 25, 2025, listing between $10 million and $50 million in assets and between $500 million and $1 billion in liabilities. Thelma Edgell, president, signed the petition. Judge Laurie Selber Silverstein oversees the case. The Debtor tapped Derek C. Abbott, Esq., at Morris Nichols Arsht & Tunnell, LLP as counsel; CohnReznick LLP as financial advisor; and Donlin, Recano & Company LLC as administrative advisor. COVERED BRIDGE: Updates Unsecured Claims Pay; Files Amended Plan ---------------------------------------------------------------- Covered Bridge Newtown, LLC and Covered Bridge Newtown I, LLC submitted a Third Amended Disclosure Statement for Joint Plan of Reorganization dated October 3, 2025. This Chapter 11 case was initiated to facilitate either (i) a restructuring or (ii) a sale of the Purchased Assets. After extensive marketing, the Debtors have determined that a sale of the Purchased Assets is the best avenue. This is a single-asset real estate case. Accordingly, CBN's only material asset is its portion of the Rental Complex, Unit 1 (Building 6). Its operations have been funded by funds provided by CBN I derived from rents and which constitute the cash collateral of UC Covered Bridge. Additional assets include: (a) cash on hand (which is UC Covered Bridge's cash collateral); and (b) finished cabinetry and fixtures to be installed in apartments. Building 6 is valued at approximately $11,107,142.86, based on an appraisal dated July 31, 2023, performed by Newmark Valuation and Advisory that valued the overall Rental Complex, which contains seven buildings, at $77,750,000.00. The Debtors have extensively marketed the Property and, based on market exposure, the value of the Property appears to be approximately $65,000,000 (subject to an auction, should "higher and better" offers to purchase the Purchased Assets be received on or before October 20, 2025 at 4:00 p.m. CBN I's only material asset is its portion of the Rental Complex, Unit 3 (Buildings 1-5 and 7). Additional assets include: (a) cash on hand (which is UC Covered Bridge's cash collateral); and (b) accounts receivable from rental tenants. Buildings 1-5 and 7 are valued at approximately $66,642,857.14, based on an appraisal dated July 31, 2023, performed by Newmark that valued the Rental Complex, which contains seven buildings, at $77,750,000.00. CBN I's primary source of income is monthly rental income from approximately 160 tenants, totaling approximately $400,000 a month and which is UC Covered Bridge's cash collateral. The Debtors have extensively marketed the Property and, based on market exposure, the value of the Property appears to be approximately $65,000,000 (subject to an auction, should "higher and better" offers to purchase the Purchased Assets be received on or before November 3, 2025 at 5:00 p.m. The Debtors intend to exit bankruptcy through a Sale Transaction. UC Covered Bridge and the Debtors have entered into an agreement whereby UC Covered Bridge will support the Sale Transaction and vote in favor of the Plan. In consideration, for the support, the Debtors have agreed to settle the UC Covered Bridge Claim Objection. The Debtors have procured a so-called "stalking horse bidder," to act as an initial bidder on a sale of the Property. By obtaining a stalking horse bidder, the Debtors believe they can obtain the highest possible price for the Property. The proposed Stalking Horse Bidder is BDC Realty Holdings Inc. ("BDC") (the "Stalking Horse Bidder"). Contemporaneously herewith, the Debtors have filed their Motion For Order (A) (1) Authorizing and Approving Form of Stalking Horse Agreement, (2) Authorizing and Approving Bidding Procedures, (3) Authorizing and Approving Break-Up Fee, (4) Scheduling an Auction, (5) Approving Form and Manner of Notice Concerning, Sale Procedures, Auction and Sale Hearing, (6) Granting Other Related Relief; and (B) (1) Approving the Sale of the Debtors' Assets Free and Clear of All Liens, Claims, Encumbrances, and Interests, (2) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Lease, and (3) Granting Related Relief (the "Sale Procedures Motion"), seeking approval of the Sale Transaction as follows: * A copy of the proposed form of Amended and Restated Purchase and Sale Agreement has been filed concurrently herewith (the "Stalking Horse Agreement") to the Sale Procedures Motion. * Purchaser: BDC Realty Holdings Inc., or its designee. * Purchase Price: The total consideration to be paid for the Business is $62,000,000.00 cash at closing, plus assumption or payoff of the PACE Loan. * Purchased Assets: All real property and improvements at the address known as 9 Covered Bridge, Newtown, Connecticut, owned by the Debtors, including certain personal property, the Leases, and certain executory contracts (the "Purchased Assets"). Class 18 consists of the Unsecured Creditors of CBN. Allowed Unsecured Claims of CBN shall be paid their pro rata share of the CBN Unsecured Creditors Fund, held in escrow by the Winddown Administrator. Payment shall be the later of (a) the Distribution Date pursuant to the Terms of the Plan or (b) upon an Unsecured Claim becoming an Allowed Unsecured Claim. The allowed unsecured claims total $2,166,388.85. Class 19 consists of the Unsecured Creditors of CBN I. Allowed Unsecured Claims of CBN I shall be paid their pro rata share of the CBN I Unsecured Creditors Fund, held in escrow by the Winddown Administrator. Payment shall be the later of (a) the Distribution Date pursuant to the Terms of the Plan or (b) upon an Unsecured Claim becoming an Allowed Unsecured Claim. The allowed unsecured claims total $368,412.95. The Plan contemplates selling the Property, and substantially all of the Debtors' Assets, i.e., the Purchased Assets, pursuant to a Sale Transaction. The Debtors have been marketing the Property since March 2025, through the efforts of Keen and RJ Reuter. Upon the Effective Date and following the Closing, the Debtors will be wound down and ultimately dissolved as business entities (the "Winddown"). The Confirmed Plan and Winddown will be administered by the Winddown Administrator, who shall be Ronald J. Reuter (the "Winddown Administrator"). $100,000.00 shall be reserved by the Winddown Administrator to administer the Winddown of the Debtors. Upon conclusion of the Winddown, all remaining funds held by the Winddown Administrator shall be disbursed in accordance with the Plan. The Bankruptcy Court has set November 5, 2025 at 10:00 a.m. for the Confirmation Hearing on the Plan. The Court has set October 29, 2025 at 5:00 p.m. as the deadline for filing and serving objections to the confirmation of the Plan. A full-text copy of the Third Amended Disclosure Statement dated October 3, 2025 is available at https://urlcurt.com/u?l=LT3lQb from PacerMonitor.com at no charge. Counsel to the Debtors: Jeffrey Sklarz, Esq. Joanna M. Kornafel, Esq. Michelle A. Antao, Esq. Green & Sklarz LLC One Audubon St. 3rd Floor New Haven, CT 06511 Telephone: (203) 285-8545 Facsimile: (203) 823-4546 Email: jsklarz@gs-lawfirm.com About Covered Bridge Newtown Covered Bridge Newtown, LLC is the entity responsible for construction of the buildings at a rental complex operated by Covered Bridge Newtown I, LLC. This property is a Class A luxury rental complex located at 9 Covered Bridge Road, Unit 1 and Unit 3, Newtown, Conn., with over 150 rented units. It has a 24-hour fitness center, heated swimming pool, sun deck, and clubhouse. The first buildings were completed in 2018. After construction on a parcel is completed, Covered Bridge Newtown deeds the buildings to Covered Bridge Newtown I by way of quit claim deed, after which the latter is the landlord to its tenants. Covered Bridge Newtown I has a full-time, on-site property manager attending to the needs of tenants and managing the Rental Complex. Covered Bridge Newtown and Covered Bridge Newtown I filed Chapter 11 petitions (Bankr. D. Conn. Lead Case No. 24-50833) on December 8, 2024. Each Debtor reported between $50 million and $100 million in assets and liabilities at the time of the filing. Judge Julie A. Manning handles the cases. The Debtors are represented by Joanna M. Kornafel, Esq., and Jeffrey M. Sklar, Esq., at Green & Sklarz, LLC. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. CYTOSORBENTS CORP: Receives Notice of Minimum Bid Price Deficiency ------------------------------------------------------------------ CytoSorbents Corporation disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company received written notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the Company's common stock had fallen below $1.00 per share for 30 consecutive business days (the "Minimum Bid Price Requirement") prior to October 2, 2025. The written notification has no immediate effect on the listing or trading of the Company's common stock. In accordance with applicable Nasdaq rules, the Company has 180 calendar days following the date of the written notice, or until March 31, 2026, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to the Compliance Date, unless the Nasdaq staff exercises its discretion to require the Company to meet the Minimum Bid Price Requirement for a longer period pursuant to applicable Nasdaq rules. If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company would be eligible for an additional compliance period of 180 days provided it presents an acceptable plan to NASDAQ to regain compliance. The Company intends to actively monitor the closing bid price of its common stock, and will consider its options to regain compliance with the Minimum Bid Price Requirement. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in compliance with other Nasdaq listing standards. About CytoSorbents Based in Monmouth Junction, N.J., CytoSorbents Corporation is engaged in critical care immunotherapy, specializing in blood purification. Its flagship product, CytoSorb, is approved in the European Union with distribution in more than 75 countries around the world as an extracorporeal cytokine adsorber designed to reduce the "cytokine storm" or "cytokine release syndrome" seen in common critical illnesses that may result in massive inflammation, organ failure, and patient death. East Brunswick, New Jersey-based WithumSmith+Brown, PC, the Company's auditor since 2004, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has suffered recurring losses from operations, has experienced cash used in operations, and has an accumulated deficit, which raise substantial doubt about its ability to continue as a going concern. DAOVENQUY88 LLC: Seeks to Hire Lane Law Firm as Bankruptcy Counsel ------------------------------------------------------------------ DaoVenQuy88, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire The Lane Law Firm, PLLC as bankruptcy counsel. The firm will render these services: a. assist, advise and represent the Debtor relative to the administration of the chapter 11 case; b. assist, advise and represent the Debtor in analyzing the Debtor's assets and liabilities, investigating the extent and validity of lien and claims, and participating in and reviewing any proposed asset sales or dispositions; c. attend meetings and negotiate with the representatives of the secured creditors; d. assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; e. take all necessary action to protect and preserve the interests of the Debtor; f. appear, as appropriate, before this Court, the Appellate Courts, and other Courts in which matters may be heard and to protect the interests of the Debtor before said Courts and the United States Trustee; and g. perform all other necessary legal services in these cases. The firm will be paid at these hourly rates: Robert Lane, Attorney $650 Joshua Gordon, Senior Associate $625 Zach Casas, Attorney $575 Kyle Garza, Attorney $450 Grant Bullwinkel, Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received multiple payments from Debtor totaling $45,000. Mr. Lane 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: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 About DaoVenQuy88, LLC DaoVenQuy88, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-52391) on October 7, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Craig A Gargotta presides over the case. Robert Chamless Lane, Esq. at The Lane Law Firm PLLC represents the Debtor as counsel. DAVIS PROPERTY: Seeks to Hire Brian K. McMahon PA as Legal Counsel ------------------------------------------------------------------ Davis Property Management Group, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Brian K. McMahon PA as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. Brian McMahon, Esq., the primary attorney in this representation, will be paid at his hourly rate of $450. The Debtor will pay the firm $9,500 per month. In addition, the firm will seek reimbursement for expenses incurred. Mr. McMahon disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brian K. McMahon, Esq. Brian K. McMahon, PA 1401 Forum Way, Suite 730 West Palm Beach, FL 33401 Tel: (561) 478-2500 Fax: (561) 478-3111 Email: briankmcmahon@gmail.com About Davis Property Management Group, LLC Davis Property Management Group, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21726) on October 3, 2025, listing $100,001 to $500,000 in both assets and liabilities. Judge Laurel M Isicoff presides over the case. The Debtor hires Brian K. McMahon PA as counsel. DIAMOND ELITE: Amends Unsecureds & BCIF Secured Claims Pay ---------------------------------------------------------- Diamond Elite 6516, LLC, submitted an Amended Disclosure Statement describing Plan of Reorganization dated October 3, 2025. The Debtor is a real estate holding company with a single asset that is the real property located at 6516 North 7th Street, Phoenix, Arizona 85014 (the "Property"). Class 1 consists of the claim held by BCIF as to its secured interest in the Property. BCIF filed Proof of Claim No. 1 in the amount of $2,482,672.76. The Debtor disputes some of the amounts that BCIF claims are owed and after unsuccessfully attempting to negotiate an agreed payoff amount to satisfy BCIF's claim, the Debtor filed its objection to BCIF's claim. BCIF's claim will be allowed in the amount determined by the Court, which may differ from the amount stated in its Proof of Claim. The Plan provide that the Debtor will arrange for post-petition financing to pay BCIF and that if the Debtor were unable to obtain financing by September 5, 2025 (or such earlier date as it may agree upon with BCIF), it would list the Property for sale with a broker and all secured and priority claims will be paid from sale proceeds, and unsecured creditors will be paid their pro rata share of funds available after payment of secured, priority, and administrative claims. The Debtor has not obtained the postpetition financing, and the September 5 date has passed. Thus, the Debtor will go forward with the Plan's option to sell the Property using the services of a qualified broker. This Amended Disclosure Statement provides additional detail regarding the proposed sale procedures. Specifically, the Debtor will hire a broker to sell the Property. If BCIF votes in favor of the Plan, the Debtor will obtain BCIF's approval of the broker before signing a listing agreement. If BCIF does not vote in favor of the Plan and the Court nonetheless confirms the Plan, the Debtor shall select the broker at its sole option. Class 2 consists of the Allowed Unsecured Claims of Creditors. The creditors with Allowed Unsecured Claims in Class 2 shall be paid when the Property is sold, and shall be paid in in full (if sufficient funds are available) or shall be paid their pro rata share of the total amount of allowed unsecured claims (currently $425,514.95) out of the net proceeds of the sale of the Property after all administrative, priority, and secured claims are paid in full. The Debtor is continuing to operate to make payments to vendors and creditors and may continue to lease the premises while it seeks a buyer. Additionally, Diamond Elite Estates, LLC, the Debtor's management company, is providing and will continue to provide funding as needed to make up operational shortfalls while this bankruptcy case is pending. On or as soon as practicable following the Effective Date, the Debtor shall fund an account with any unencumbered cash. The Debtor shall deposit funds into the account to be distributed in accordance with the Plan. A full-text copy of the Amended Disclosure Statement dated October 3, 2025 is available at https://urlcurt.com/u?l=auy0Xf from PacerMonitor.com at no charge. Counsel to the Debtor: D. Lamar Hawkins, Esq. JoAnn Falgout, Esq. Karen Bentley, Esq. Guidant Law, PLC 402 E. Southern Ave. Tempe, AZ 85282 Telephone: (602) 888-9229 Facsimile: (480) 725-0087 Email: lamar@guidant.law About Diamond Elite 6516 Diamond Elite 6516, LLC is a single asset real estate debtor as defined in 11 U.S.C. Section 101(51B). Diamond Elite 6516 filed a Chapter 11 petition (Bankr. D. Ariz. Case No. 25-00905) on February 3, 2025, listing between $1 million and $10 million in both assets and liabilities. The Debtor is represented by D. Lamar Hawkins, Esq., at Guidant Law, PLC. DP LOUISIANA: Court Extends Cash Collateral Access to Nov. 10 ------------------------------------------------------------- DP Louisiana, LLC received fourth interim approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral to fund its operations. The fourth interim order authorized the Debtor's interim use of cash collateral for the period from October 3 to November 10. The Debtor intends to use cash received from the sale of hydrocarbons in which a secured creditor may assert security interests pursuant to the Louisiana Oilwell Lien Act (LOWLA). It has identified 26 creditors, which may possess lien rights against the oil and gas leases and equipment it owns. As adequate protection, the LOWLA lienholders will be granted perfected replacement liens on collateral as to which they had a first priority lien as of the petition date, subject to the carveout for certain fees; and junior perfected liens on the collateral that is subject to a validly perfected lien with priority over the LOWLA lienholders' liens as of the petition date. In case the replacement liens prove to be inadequate to protect the LOWLA lienholders, an allowed superpriority administrative expense claim will be granted to such lienholders, subject to the carveout. The next hearing is scheduled for November 10. A copy of the fourth interim order and the Debtor's budget is available at https://shorturl.at/yNo8H from PacerMonitor.com. About DP Louisiana LLC DP Louisiana LLC is engaged in oil and gas extraction operations. It is based in Louisiana and uses EAG Services in Houston, Texas, for administrative support. DP Louisiana sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11366) on June 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Judge Meredith S. Grabill handles the case. The Debtor is represented by Douglas S. Draper, Esq., at Heller, Draper & Horn, L.L.C. DR INNOVATIONS: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 20 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of DR Innovations, LLC. About Dr Innovations LLC Dr Innovations, LLC filed a Chapter 11 bankruptcy petition (Bankr. D. Kan. Case No. 25-10864) on August 18, 2025, listing between $50,001 and $100,000 in assets and between $1 million and $10 million in liabilities. Judge Mitchell L. Herren oversees the case. The Debtor tapped Prelle Eron & Bailey, P.A., as legal counsel. DYE & DURHAM: Moody's Cuts CFR to B3 & Alters Outlook to Negative ----------------------------------------------------------------- Moody's Ratings downgraded Dye & Durham Corporation's ("D&D") corporate family rating to B3 from B2, probability of default rating to B3-PD from B2-PD, and backed senior secured first lien revolving credit facility, backed senior secured first lien term loan B and backed senior secured notes ratings to B2 from B1. The company's speculative grade liquidity rating (SGL) was downgraded to SGL-3 from SGL-2. The outlook was changed to negative from stable. On October 07, 2025, D&D announced that it would sell its Credas Technologies Ltd. (Credas) business, a UK-based provider of identity verification and anti-money laundering solutions, to SmartSearch (unrated) for approximately GBP77.8 million (about C$146.3 million). D&D intends to use the net proceeds to repay debt. Pro forma for the transaction, LTM Q3/2025 debt/EBITDA improves to 6.6x from 7x (net of pre-funded 2026 convertible notes). "Despite the recent deleveraging transaction, the downgrade reflects Moody's expectations that ongoing operational challenges will limit D&D's ability to expand EBITDA and reduce debt/EBITDA below 6x by the end of fiscal 2026", said Peter Adu, Moody's Ratings Vice President and Senior Credit Officer. "The outlook was changed to negative to reflect Moody's expectations that the company will demonstrate volatility in its operating performance through the next 12 months due to ongoing business challenges", Adu added. RATINGS RATIONALE D&D's B3 CFR is constrained by: (1) management turnover, which has disrupted the continuity of strategy and execution, ongoing shareholder activism, and the delayed filing of fiscal 2025 financial statements, have together contributed to heightened concerns regarding governance risk; (2) high debt/EBITDA of 7.9x for the last twelve months ended March 31, 2025 (7x net of pre-funded 2026 convertible notes and then 6.6x pro forma for the Credas sale) while the uncertain global macroeconomic environment will limit EBITDA growth, posing a challenge for the company to demonstrate meaningful deleveraging by the end of fiscal 2026 (ending June 30, 2026); (3) limited industry diversification given its concentration in the fragmented legal market (about 78% of revenue); (4) low recurring revenue despite being a software-based business because more than 60% of its revenue is derived from transaction-based services, which are volatile; and (5) small scale. The rating benefits from: (1) good global market positions as a provider of cloud-based software solutions that help law firms improve productivity, win new business and manage compliance requirements; (2) strong margins, supported by its proprietary technology services and a largely variable cost structure; and (3) low customer concentration, which supports revenue stability. D&D has two classes of debt: (1) C$105 million senior secured revolving credit facility expiring in 2029, $350 million (face value) first lien senior secured term loan B due 2031 and $555 million senior secured notes due 2029 - all three rated B2; and (2) unrated convertible senior unsecured debentures - C$185 million due in 2026 and C$148 million due in 2028. Moody's rates the revolver, term loan and notes B2, one notch above the CFR, because of their senior ranking in the capital structure and loss absorption provided by the convertible debentures. Governance is a key driver of the rating action, which is influenced by management turnover, ongoing shareholder activism, delayed filing of fiscal 2025 financial statements, and the Competition Bureau's investigation of the company concerning allegations of anticompetitive behavior. Ongoing distractions to the board and management have limited the company's ability to win customers, expand EBITDA and deleverage. D&D has adequate liquidity (SGL-3) through September 30, 2026, with sources approximating C$67 million while the company has about C$5 million of term loan amortization in this time frame. The company has restricted investments of C$185 million on its balance sheet that is required to be used to repay the remaining C$185 million of convertible notes due on March 1, 2026. Liquidity consists of C$37 million of cash at March 31, 2025 and Moody's free cash flow estimate of about C$30 million through the next four quarters. D&D has C$57.5 million of availability under its C$105 million revolving credit facility (expiring in 2029), however availability beyond December 01, 2025 remains subject to filing financial statements to avoid triggering a default. The revolver is also subject to a springing first lien net leverage covenant of 5.8x when utilization exceeds 35%. With the covenant having sprung, Moody's expects cushion to exceed 25% through the next four quarters. D&D has limited flexibility to generate liquidity from asset sales. The negative outlook reflects the company's limited financial flexibility given ongoing performance challenges. The negative outlook also reflects the uncertain outcome of the Ontario Securities Commission (OSC) inquiries into the company's reporting, which have caused a delay in filing the fiscal 2025 financial statements. It remains to be observed whether the company will meet the December 01, 2025 deadline set by lenders to file the statements to avoid triggering a default. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if the company profitably increases its scale and recurring revenue, and generates consistent positive free cash flow while sustaining debt/EBITDA below 5.5x and EBITA/Interest above 2x. The ratings could be downgraded if the company is not able to file the fiscal 2025 financial statements by the December 01, 2025 deadline agreed to by lenders, if operating performance weakens, characterized by declining revenue or EBITDA, or if it sustains debt/EBITDA above 7x and EBITA/Interest below 1x. A downgrade could also occur if liquidity becomes weak. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Dye & Durham Corporation, headquartered in Toronto, Ontario Canada, is a provider of legal software and payment infrastructure technology solutions and services designed to improve efficiency and increase productivity for law firms and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia and South Africa. ECGPR LLC: Hires Jacqueline E. Hernandez Santiago as Counsel ------------------------------------------------------------ ECGPR LLC seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Legal Office of Jacqueline E. Hernandez Santiago, Esq. as counsel. The firm will provide these services: a. advise the Debtor with respect to its duties, powers and responsibilities in the bankruptcy case; b. advise the Debtor in connection with the determination, whether reorganization is feasible and, if not, assist in the orderly liquidation of assets; c. assist the Debtors with respect to the negotiations with creditors for arranging the orderly liquidation of assets, and plan of reorganization; d. prepare on behalf of the Debtor legal papers; e. perform the required legal services needed by the Debtors to proceed or in connection with the operation of and involvement with is business; and f. perform necessary services for the benefit of the Debtor and the estate. The firm will be paid at the rate of $375 per hour, and will also be reimbursed for reasonable out-of-pocket expenses incurred. The retainer is $15,000. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jacqueline E. Hernandez Santiago, Esq. LEGAL OFFICE OF JACQUELINE E. HERNANDEZ SANTIAGO, ESQ. 22 Mayaguez Street Hato Rey, PR 00918 Tel: (787) 766-0570 About ECGPR LLC ECGPR LLC holds fee simple ownership of a property at AA 62 Angel Maldonado Street in the Coco Margarita sector of Barrio Playa, Salinas, Puerto Rico, valued at about $117,000. ECGPR LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 25-04341) on September 27, 2025, listing $121,000 in assets and $1,122,000 in liabilities. The petition was signed by Edgardo Fernandez Laborde as president. Judge Enrique S Lamoutte Inclan presides over the case. Jacqueline Hernandez Santiago, Esq. at HERNANDEZ AND ASSOCIATES LAW FIRM represents the Debtor as counsel. ECGPR LLC: Seeks to Hire CPA Rodriguez as Accountant ---------------------------------------------------- ECGPR LLC seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Catherine Rodriguez Roman, CPA and her firm, CPA Rodriguez, as accountant. The firm will provide strategic counseling and advice, assist the Debtor in the preparation of pro forma reports, and provide financial/business documentation as requested for and during the Debtor's Chapter 11, specifically as it is related to and as an effect of the Debtor, as well as recommendations and financial/business assessments regarding issues specifically related to the Debtor and/or other assistance in accounting, taxes and/or business operational matters. The firm will be paid at these hourly rates: Catherine Rodriguez Roman, CPA $225 Associates $150 Junior Staff $75 Administrative Assistants $45 The firm received a retainer in the amount of $10,000. As disclosed in the court filings, CPA Rodriguez is a "disinterested person" as the term is defined in 11 U.S.C. 101(14). The accountant can be reached through: Catherine Rodriguez Roman, CPA CPA Rodriguez Calle San Jose 252, Suite 1-B San Juan PR 00901 About ECGPR LLC ECGPR LLC holds fee simple ownership of a property at AA 62 Angel Maldonado Street in the Coco Margarita sector of Barrio Playa, Salinas, Puerto Rico, valued at about $117,000. ECGPR LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 25-04341) on September 27, 2025, listing $121,000 in assets and $1,122,000 in liabilities. The petition was signed by Edgardo Fernandez Laborde as president. Judge Enrique S Lamoutte Inclan presides over the case. Jacqueline Hernandez Santiago, Esq. at HERNANDEZ AND ASSOCIATES LAW FIRM represents the Debtor as counsel. ECHOSTAR CORP: BlackRock Holds 10.4% Stake as of Sept. 30 --------------------------------------------------------- BlackRock, Inc., disclosed in a Schedule 13G (Amendment No. 7) filed with the U.S. Securities and Exchange Commission that as of September 30, 2025, it beneficially owns 16,237,931 shares of Common Stock of EchoStar Corporation, representing 10.4% of the shares outstanding (with 15,780,809 shares subject to sole voting power). BlackRock, Inc. may be reached through: Spencer Fleming, Managing Director 50 Hudson Yards New York, N.Y. 10001 Phone: (212) 810-5800 A full-text copy of BlackRock's SEC report is available at: https://tinyurl.com/3hdkmeap About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a provider of technology, networking services, television entertainment, and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar, Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary, and in Australia, the Company operates as EchoStar Global Australia. As of June 30, 2025, it had $59.88 billion in total assets, $40.09 billion in total liabilities, and $19.79 billion in total shareholders' equity. * * * In Sept. 2025, S&P Global Ratings placed its 'CCC+' issuer credit rating on Echostar Corp. and all subsidiaries on CreditWatch with positive implications. S&P also placed the issue-level ratings on Echostar and all its subsidiaries' secured and unsecured debt on CreditWatch with positive implications. S&P plans to resolve the CreditWatch following close of the transaction, expected in mid-2026. ECUBE LABS: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: Ecube Labs Co. Haulla 2250 W Main Street, Ste 202 Alhambra, CA 91801 Business Description: Ecube Labs Co., doing business as Haulla, arranges waste collection, junk removal, and dumpster rental services for commercial customers by connecting them with local haulers. The Company manages and coordinates disposal services to help businesses reduce costs and improve efficiency. Founded in 2017 and based in Alhambra, California, Haulla serves clients including restaurants, retail stores, offices, auto shops, and other commercial establishments in markets such as Los Angeles, Dallas, Houston, Austin, and Baltimore. Chapter 11 Petition Date: October 10, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-43950 Debtor's Counsel: Emily S. Chou, Esq. VARTABEDIAN HESTER & HAYNES LLP 301 Commerce St. Ste 2200 Fort Worth TX 76102 Tel: (817) 241-4990 E-mail: emily.chou@vhh.law Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by James Noh as chief operating officer and chief financial officer. A list of the Debtor's 20 largest unsecured creditors was not provided alongside the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BMZA5OQ/Ecube_Labs_Co__txnbke-25-43950__0001.0.pdf?mcid=tGE4TAMA ENVERIC BIOSCIENCES: AdvisorShares Trust Holds 6.27% Stake ---------------------------------------------------------- AdvisorShares Trust disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of September 30, 2025, it beneficially owns 203,679 shares of Common Stock of Enveric Biosciences, Inc., $0.01 par value, representing 6.27% of the shares outstanding. AdvisorShares Trust may be reached trought: Stefanie Little, Chief Compliance Officer 4800 Montgomery Lane, Suite 150 Bethesda, Maryland 20814 Tel: (877) 843-3831 A full-text copy of the SEC report is available at: https://tinyurl.com/388eftsv About Enveric Biosciences Enveric Biosciences (NASDAQ: ENVB) -- http://www.enveric.com/-- is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. Leveraging its unique discovery and development platform, The Psybrary, the Company has created a robust intellectual property portfolio of new chemical entities for specific mental health indications. The Company's lead program, the EVM201 Series, comprises next generation synthetic prodrugs of the active metabolite, psilocin. The Company is developing the first product from the EVM201 Series "EB-002" for the treatment of psychiatric disorders. The Company is also advancing its second program, the EVM301 Series "EB 003" expected to offer a first-in-class, new approach to the treatment of difficult-to-address mental health disorders, mediated by the promotion of neuroplasticity without also inducing hallucinations in the patient. Morristown, New Jersey-based Marcum LLP, the Company's former auditor, issued a "going concern" qualification in its report dated March 28, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Enveric Biosciences had total assets amounting to $3.08 million, total current liabilities of $1.49 million, and total shareholders' equity of $1.59 million as of Dec. 31, 2024. FAIR ANDREEN: Plan Exclusivity Period Extended to December 5 ------------------------------------------------------------ Judge G. Michael Halfenger of the U.S. Bankruptcy Court for the Eastern District of Wisconsin extended Fair Andreen, Incorporated's exclusive periods to file a plan of reorganization and obtain acceptance thereof to December 5, 2025 and February 5, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that the Hoffinger factors that are applicable to this case support granting the Debtor's request to extend the exclusivity period. The Debtor is making good faith progress towards reorganization. It has rejected burdensome leases, obtained a bar date and is gathering information to determine how causes of action may factor in the Debtor's plan. The Debtor claims that the three causes of action are unresolved contingencies at this point for which the Debtor must obtain a better understanding on how to maximize their value for its estate. The Debtor is paying its bills as they become due. Since the Petition Date, the Debtor's bank account balance has materially increased. The extension sought is two months for each of the two periods. This will permit the Debtor to analyze the proofs of claim filed by the July 21 bar date, better understand the causes of action and obtain a better idea of its stabilized costs after rejection the leases, one of which was the Debtor's largest press. Fair Andreen Inc., is represented by: Jerome R. Kerkman, Esq. Kerkman & Dunn 839 N. Jefferson St., Suite 400 Milwaukee, WI 53202-3722 Tel: (414) 277-8200 Fax: (414) 277-0100 Email: jkerkman@kerkmandunn.com About Fair Andreen Incorporated Fair Andreen, Incorporated, doing business as CityPress, is a printing and graphic communications company specializing in commercial printing, book printing, prepress, direct mail, digital printing, and art printing services. With a strong focus on innovation and eco-friendly solutions, the company serves diverse industries by providing customized printing options. Fair Andreen filed a Chapter 11 petition (Bankr. E.D. Wisc. Case No. 25-21724) on April 2, 2025, listing up to $10 million in both assets and liabilities. Steven S. Bates, president of Fair Andreen, signed the petition. Judge G. Michael Halfenger oversees the case. Jerome R. Kerkman, Esq., at Kerkman & Dunn, represents the Debtor as legal counsel. Huntington Bank, as secured creditor, is represented by: Matthew L. Hendricksen, Esq. Plunkett Cooney PC 221 N. LaSalle Street, Suite 3500 Chicago, IL 60601 Tel: 312-970-3495 Email: mhendricksen@plunkettcooney.com FERNANDEZ P. ENTERPRISE: Hires Mark S. Roher PA as Counsel ---------------------------------------------------------- Fernandez P. Enterprise LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ the law firm of Mark S. Roher, PA, also known as The Law Office of Mark S. Roher, PA, as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties in the continued management of its finances; (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 based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received from the Debtor a retainer of $6,500. Mr. Roher disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark S. Roher, Esq. The Law Office of Mark S. Roher, PA 1806 N. Flamingo Rd., Suite 300 Pembroke Pines, FL 33028 Telephone: (954) 353-2200 Email: mroher@markroherlaw.com About Fernandez P. Enterprise LLC Fernandez P. Enterprise LLC is a single asset real estate company operating in Margate, Florida. Fernandez P. Enterprise LLCsought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-17777) on July 8, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Peter D. Russin handles the case. FIRST BRANDS: Ford Among Creditors in Bankruptcy ------------------------------------------------ Brett Foote of Ford Authority reports First Brands, a major supplier of aftermarket auto parts, has filed for bankruptcy, and while such news might not typically affect automakers like Ford, court filings reveal that the company does business with "original equipment manufacturers" (OEMs) -- including Ford. The documents identified both Ford Motor Company and General Motors among the firms to which First Brands owes money, though the extent of Ford’s involvement was initially unclear. According to a New York Times report, most of First Brands' $5 billion in 2024 sales came from direct-to-consumer products like Fram filters and Trico wiper blades. However, roughly 13% of sales were made to automakers, who resold parts under their own brands. While Ford did not comment, a GM spokesperson said the company does not expect any "material disruption" to its operations. The bankruptcy court has approved the company's use of $500 million from its $1.1 billion debtor-in-possession financing to continue operations. Despite this, the full impact on Ford remains uncertain, as other major automakers -- including Stellantis, Volkswagen, Subaru, Honda, Toyota, Nissan, and Mitsubishi -- are also listed as clients, according to report. About First Brands Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group LLC listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. Weil, Gotshal and Manges LLP is serving as legal counsel, Lazard is serving as investment banker, Alvarez & Marsal is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to First Brands Group. Kroll serves as the Debtors' Claims Agent. Gibson, Dunn & Crutcher LLP is serving as legal counsel, and Evercore is serving as investment banker to the Ad Hoc Group. FIRST BRANDS: U.S. Trustee Appoints Creditors' Committee -------------------------------------------------------- The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of First Brands Group, LLC and affiliates. The committee members are: 1. First-Citizens Bank & Trust Company Attn: Anthony Masci 11 W. 42nd St. New York, NY 10036 212-771-9542 Anthony.masci@firstcitizens.com 2. Motion Industries Attn: Anthony Bush 1605 Alton Road Birmingham, AL 35210 205-957-5279 Anthony.bush@motion.com 3. Napier Park Global Capital (US) LP Attn: Shachar Minkove 280 Park Avenue, 3rd Floor New York, NY 10017 212-235-0700 Shachar.minkove@napierparkglobal.com 4. Pension Benefit Guaranty Corporation Attn: Cynthia Wong 445 12th Street SW Washington, DC 20024 202-229-3033 Wong.cynthia@pbgc.gov 5. Raistone Purchasing LLC Attn: Matthew McAlpine 360 Madison Avenue, 22nd Floor New York, NY 10017 646-868-8261 mmcalpine@raistone.com 6. Yusin Brake Corporation Attn: Paul Stewart 5 F, No. 381 Wufeng North Road, East District Chiayi City 60045, Taiwan 561-697-4502 paul@bourneusa.com 7. Fasanara Capital Attn: Nikita Saygakov 40 New Bond Street, 9th Floor London, England W1S2RX Nikita.Saygakov@fasanara.com 8. Transend Logistics, LLC Attn: Jon Singer 1333 N Kingsbury St., SE 305 Chicago, IL 60642 312-593-5229 jon@transendlogistics.com 9. T.H.I. Group (Shanghai) LTD Nancy Sun 10th FL, Kaikai Plaza, No 888 Wanhangdu Rd Jingan District, Shanghai, P.R. Cina 200042 86-186-6386-1398 nancysun@t3ex-thi.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 First Brands Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group LLC listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. Weil, Gotshal and Manges LLP is serving as legal counsel, Lazard is serving as investment banker, Alvarez & Marsal is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to First Brands Group. Kroll serves as the Debtors' Claims Agent. Gibson, Dunn & Crutcher LLP is serving as legal counsel, and Evercore is serving as investment banker to the Ad Hoc Group. Wilmington Savings Fund Society, FSB, as DIP agent, is represented by: Jeffery R. Gleit, Esq. Matthew R. Bentley, Esq. ArentFox Schiff, LLP 1301 Avenue of the Americas, 42nd Floor New York, NY 10019 Tel: (212) 484-3900 Jeffrey.Gleit@afslaw.com Matthew.Bentley@afslaw.com -and- Eric J. Fromme, Esq. 555 South Flower Street, 43rd Floor Los Angeles, CA 90071 Tel: (213) 629-7400 Eric.Fromme@afslaw.com FREE SPEECH: SCOTUS Won't Hear Alex Jones' Appeal ------------------------------------------------- Vince Sullivan of Law360 reports that the U.S. Supreme Court on Tuesday, October 14, 2025, declined to hear the appeal of conspiracy theorist Alex Jones, leaving intact a $1.4 billion defamation judgment awarded to the families of victims of the 2012 Sandy Hook Elementary School shooting. The Connecticut state court had found Jones liable for spreading false claims that the massacre was a hoax, causing years of harassment and emotional distress for the families, according to the report. Jones had sought to overturn the ruling, arguing that his right to a fair trial and free speech had been violated. The high court, however, rejected his petition without comment, effectively upholding the massive damages awarded in state court, according to report. The decision clears the way for the victims' families to continue their efforts to collect on the judgment as Jones remains embroiled in bankruptcy proceedings for himself and his media company, Free Speech Systems. The families have said they will continue to pursue accountability and financial recovery for the harm caused by Jones' false statements, the report states. About Free Speech Systems Free Speech Systems LLC is a broadcast media production and distribution company that provides broadcasting aural programs by radio to the public. Free Speech Systems is a family-run business founded by Alex Jones. FSS is presently engaged in the business of producing and syndicating Jones' radio and video talk shows and selling products targeted to Jones' loyal fan base via the Internet. Today, FSS produces Alex Jones' syndicated news/talk show (The Alex Jones Show) from Austin, Texas, which airs via the Genesis Communications Network on over 100 radio stations across the United States and via the internet through websites including Infowars.com. Due to the content of Alex Jones' shows, Jones and FSS have faced an all-out ban of Infowars from mainstream online spaces. Shunning from financial institutions and banning Jones and FSS from major tech companies began in 2018. Conspiracy theorist Alex Jones has been sued by victims' family members over Jones' lies that the 2012 Sandy Hook Elementary School shooting was a hoax. Jones' InfoW LLC and affiliates, IWHealth, LLC and Prison Planet TV, LLC, filed petitions under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 22-60020) on April 18, 2022. FRESH START: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Fresh Start Facility Services, Inc. 1319 Heistan Place Memphis, TN 38104 Business Description: Fresh Start Facility Services, Inc. provides janitorial, custodial, and facility management services to commercial, government, medical, educational, transportation, and residential clients. The Company's offerings include floor stripping and waxing, carpet cleaning, window and glass maintenance, restroom sanitation, recycling, pressure washing, event cleanup, and handyman work. It also provides landscaping, garage sweeping, and construction cleanup services, operating from Memphis, Tennessee, where it serves a range of properties including offices, schools, retail centers, and transit facilities. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Western District of Tennessee Case No.: 25-25165 Judge: Hon. Denise E Barnett Debtor's Counsel: Jerome C. Payne, Esq. PAYNE LAW FIRM 3525 Ridge Meadow Pkwy., Ste. 100 Memphis, TN 38115 Tel: (901) 794-0884 Fax: (901) 433-0490 Email: jerpaynelaw@gmail.com Total Assets: $302,450 Total Liabilities: $3,223,099 The petition was signed by Johnny Fayne 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/4W4F54A/Fresh_Start_Facility_Services__tnwbke-25-25165__0001.0.pdf?mcid=tGE4TAMA GENESIS PROJECT: Case Summary & 16 Unsecured Creditors ------------------------------------------------------ Debtor: Genesis Project 1, Inc. 5104 Reagan Drive, Suite 5 Charlotte, NC 28206 Business Description: Genesis Project 1, Inc. provides behavioral health and substance use / addiction treatment services to individuals and families in North Carolina. Founded in 2007 and based in Charlotte, the organization offers individual and family counseling, intensive in-home care, peer support, crisis intervention, and tailored care management programs. It also operates a Substance Abuse Intensive Outpatient Program (SAIOP) and community support team services aimed at promoting recovery and stability. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Western District of North Carolina Case No.: 25-31074 Judge: Hon. Ashley Austin Edwards Debtor's Counsel: Rashad Blossom, Esq. BLOSSOM LAW, PLLC 126 N. McDowell St. 2nd Floor Charlotte, NC 28204 Tel: (704) 256-7766 E-mail: rblossom@blossomlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Trasha J. Black as chief executive officer. 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/YF446EA/STYX_LOGISTICS_LLC__nvbke-25-50941__0001.0.pdf?mcid=tGE4TAMA GIROIR HOLDINGS: Hires Bickham Law Practice LLC as Counsel ---------------------------------------------------------- Giroir Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Bickham Law Practice LLC as counsel. The firm will provide these services: (a) advise with respect to the Debtor's powers and duties in the continued management and operation of its businesses and properties; (b) attend meetings with representatives of the Debtor's creditors and other parties in interest; (c) take all necessary action to protect and preserve the estate of the Debtor; (d) prepare on behalf of the Debtor legal papers necessary to the administration of its estates; (e) take any necessary action on behalf of the Debtor to obtain confirmation of its plan; (f) appear before this court to protect the interests of the Debtor before this court; (g) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 case; (h) represent the Debtor in connection with obtaining post-petition financing, if any; (i) advise the Debtor concerning and assist in the negotiation and documentation of financing agreements, cash collateral orders and related transactions; (j) investigate the nature and validity of liens asserted against the property of the Debtor, and advise the Debtor concerning the enforceability of said liens; (k) investigate and advise the Debtor concerning, and take such action as may be necessary to collect, income and assets in accordance with applicable law, and the recovery of property for the benefit of the estates of the Debtor; (l) advise and assist the Debtor in connection with any potential property dispositions; (m) advise the Debtor concerning executory contract and unexpired lease assumptions, assignments and rejections and lease restructuring and recharacterizations; (n) assist the Debtor in reviewing, estimating and resolving claims asserted against the estate; (o) commence and conduct litigation necessary and appropriate to assert rights held by the Debtor, protect assets of the Chapter 11 estate or otherwise further the goal of completing the successful reorganization of it; and (p) perform all other legal services for the Debtor which may be necessary and proper in these proceedings. The firm will be paid at these hourly rates: Ralph Bickham, Attorney $350 Paralegals $65 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $5,500 from the Debtor. Mr. Bickham disclosed in a court filing that the firm is a "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ralph Bickham, Esq. Bickham Law Practice LLC 650 Poydras St. New Orleans, LA 70130 Telephone: (504) 584-5730 About Giroir Holdings LLC Giroir Holdings LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. La. Case No. 25-12231) on Oct. 3, 2025. The Debtor hires Bickham Law Practice LLC as counsel. GROUP RESOURCES: Former Execs Lose Bid to Dismiss Ciena ERISA Case ------------------------------------------------------------------ The Honorable Mark A. Goldsmith of the United States District Court for the Eastern District of Michigan ruled on two motions to dismiss filed by certain defendants in the case captioned as CIENA HEALTHCARE MANAGEMENT INC. et al, Plaintiffs, v. GROUP RESOURCES INCORPORATED et al, Defendants, Case No. 24-cv-12362 (E.D. Mich.). Plaintiffs Ciena Healthcare Management Inc. and Ciena Healthcare Management Inc. Health and Welfare Plan allege claims under the Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. Sec. 1001, et seq. and related state-law claims against two individuals, Andrew Willoughby and David Obermeyer, several entities, and ten John Does. They are for breach of contract; conversion; accounting; aiding and abetting; civil conspiracy; and violation of the Michigan Uniform Voidable Transactions Act, Mich. Comp. Laws Sec. 566.34. Ciena is a Michigan corporation, which provides management services to Michigan skilled nursing, rehabilitation, sub-acute and assisted living facilities. It offers its employees medical and dental benefits through a self-funded benefits plan. In 2008, Ciena hired Employee Benefit Concepts, Inc., also a Michigan corporation, to be the administrative services agent of the Plan, as set forth in an administrative services agreement. At some point after 2008, Group Resources Acquisitions, LLC acquired EBC, and rebranded it as, "Employee Benefits Concepts, a Group Resources(R) company." EBC, and related entities -- which are collectively referred to as "Group Resources" in the amended complaint and in this Opinion -- performed services in connection with the ASA between 2008 and At all relevant times, Willoughby was president and CEO of GRA and all the related entities. At all relevant times, Obermeyer was executive vice president and CFO of GRA and all the related entities. Before the Court are two motions to dismiss brought by four of the Defendants. One motion to dismiss is brought by Willoughby; the other motion (the Obermeyer motion) is brought by Obermeyer and two companies that he owns and controls: Obermeyer Wealth Management, LLC and Southern Oak Design & Build LLC. In their motions, Willoughby, Obermeyer, OWM, and SODB argue that: (i) this Court cannot exercise personal jurisdiction over them, and (ii) Ciena has failed to state claims against them. Personal Jurisdiction Willoughby and Obermeyer both have sufficient minimum contacts with the United States. In their motions, they both state that they are residents of the state of Georgia. Therefore, this Court can exercise personal jurisdiction over them with respect to Ciena's ERISA claims. Pendent claim jurisdiction allows the Court to extend personal jurisdiction over Willoughby and Obermeyer for the state-law claims against them because they are related to the ERISA anchor claim. The Court finds that it cannot exercise personal jurisdiction over OWM and SODB, so the Obermeyer motion to dismiss with respect to OWM and SODB is granted. Failure to State a Claim ERISA Claims (Counts I–III) In their motions to dismiss, Willoughby and Obermeyer argue that Ciena has not properly pled that they are fiduciaries, a necessary element for the breach of fiduciary duties claims set out in Counts I–III. The Court finds Ciena's complaint sufficiently alleges fiduciary status as to Willoughby and Obermeyer. It sets forth allegations that both maintained and exercised the authority to adjudicate and approve or deny claims and appeals. According to the Court, Ciena has sufficiently alleged that Willoughby and Obermeyer, by their own conduct, exercised discretionary control over the Plan assets when they communicated via text message about how to handle the Plan's assets. The Court, therefore, rejects Willoughby and Obermeyer's arguments that Ciena has not sufficiently plead that they were fiduciaries and denies their motion to dismiss related to the ERISA claims. Failure to State a Claim State-Law Claims (Counts V–VIII) Ciena also brings five state-law claims against Willoughby and Obermeyer. Willoughby argues that Ciena failed to properly allege the state-law claims against him because he cannot be liable for the torts committed by Obermeyer or the GR Entities, and that Ciena has only alleged that Willoughby knew or should have known that Obermeyer was stealing funds from the Plan. Instead of specifying how Ciena failed to state a claim as to each of the claims alleged against him, Willoughby argues in a conclusory fashion, that as an officer, he is not vicariously liable for the actions of other officers and that he is protected by the fiduciary shield doctrine. Obermeyer argues that, because Ciena has failed to state a federal claim against him, the Court should not exercise supplemental jurisdiction over the remaining claims alleged against him. Because the Court has found that Ciena has sufficiently alleged federal claims against Obermeyer -- the ERISA claims in Counts I–III—Obermeyer's argument fails. Therefore, the Court denies the Obermeyer motion to dismiss for failure to state a claim as to the state-law claims against Obermeyer as well. Accordingly, Ciena's state-law claims against Willoughby and Obermeyer survive. For these reasons, the Court denies Willoughby's motion to dismiss. The Obermeyer motion is granted in part (as to OWM and SODB) and denied in part (as to Obermeyer). A copy of the Court's Opinion & Order is available at https://urlcurt.com/u?l=TQUvAc from PacerMonitor.com. Group Resources of Iowa, LLC filed for Chapter 11 bankruptcy protection (Bankr. N.D. Ga. Case No. 24-59675) on September 13, 2024, listing under $1 million in both assets and liabilities. The Debtor is represented by Michael D Robl, Esq., at Robl Law Group LLC. H&T WHOLESALE: Case Summary & 13 Unsecured Creditors ---------------------------------------------------- Debtor: H&T Wholesale Flowers, Inc. 4857 West Van Buren Street Phoenix, AZ 85043 Business Description: H&T Wholesale Flowers, Inc. supplies fresh- cut flowers and floral products to florists, event planners, and businesses in the floral industry. The Company sources flowers directly from growers and farms to ensure quality and freshness, offering a wide selection of varieties and colors in bulk quantities. It also provides floral supplies and accessories such as vases, containers, foam, and tools to support professional floral arrangements and designs. Chapter 11 Petition Date: October 8, 2025 Court: United States Bankruptcy Court District of Arizona Case No.: 25-09545 Judge: Hon. Paul Sala Debtor's Counsel: Allan D. NewDelman, Esq. ALLAN D. NEWDELMAN, P.C. 80 East Columbus Avenue Phoenix, AZ 85012 Tel: 602-264-4550 Fax: 602-277-0144 Email: anewdelman@adnlaw.net Total Assets: $302,742 Total Liabilities: $2,133,201 The petition was signed by Tigran Grigoryan as member and manager. A full-text copy of the petition, which includes a list of the Debtor's 13 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UK665II/HT_WHOLESALE_FLOWERS_INC__azbke-25-09545__0001.0.pdf?mcid=tGE4TAMA H&T WHOLESALE: Section 341(a) Meeting of Creditors on November 18 ----------------------------------------------------------------- On October 8, 2025, H&T Wholesale Flowers Inc. initiated a voluntary Chapter 11 bankruptcy proceeding in the District of Arizona. Court documents indicate the company holds debts total between $1 million and $10 million. The filing also shows the number of creditors falls between 1 and 49. A meeting of creditors under Section 341(a) to be held on November 18, 2025 at 09:45 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. About H&T Wholesale Flowers Inc. H&T Wholesale Flowers Inc. is a floral distribution company specializing in the sourcing and supply of fresh-cut flowers and related products to florists, event planners, and retailers. H&T Wholesale Flowers Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09545) on October 8, 2025. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Paul Sala handles the case. The Debtor is represented by Allan 2 Newdelman, Esq. of Allan D Newdelman PC. HELLO ALBEMARLE: Files Amended Plan; Confirmation Hearing Nov. 13 ----------------------------------------------------------------- Hello Albemarle LLC submitted a Disclosure Statement for Third Amended Chapter 11 Plan of Liquidation dated October 3, 2025. The Plan is the result of substantial good faith and arm's length negotiations by and among the Debtor, NYSF, and the Committee to provide meaningful recoveries for the Debtor's stakeholders and provide for a viable path to confirmation, consummation, and conclusion of this Chapter 11 Case. The Debtor's Plan is a plan of liquidation. In general, a chapter 11 plan of liquidation (i) divides claims into separate classes, (ii) specifies the property that each class is to receive under the Plan, and (iii) contains other provisions necessary to implement the Plan. Under the Bankruptcy Code, "claims" are classified rather than "creditors" because such entities may hold claims in more than one class. The Plan is the result of substantial good faith and arm's length negotiations by and among the Debtor, the Debtor's secured creditor, and the creditors' committee to provide meaningful recoveries for the Debtor's stakeholders and provide for a viable path to confirmation, consummation, and conclusion of this chapter 11 case. This Plan contemplates (i) the closing of the sale of the Debtor's Property, located in Brooklyn, New York, which is the only material asset of this Estate, to the Debtor's senior secured creditor pursuant to its successful credit bid; and (ii) the establishment of a cash fund by the Debtor's senior secured creditor; and (iii) the distribution of the cash fund to the Debtor's general unsecured creditors in accordance with the terms of this Plan. Like in the prior iteration of the Plan, each Holder of an Allowed General Unsecured Claims shall receive, in full and final satisfaction of such Allowed General Unsecured Claim, their pro rata share of the Debtor's cash on hand on the Effective Date after payment of Allowed Administrative Expense Claims, or such lesser treatment as to which the Debtor and the Holder of any such Allowed General Unsecured Claim shall have agreed upon in writing. Class 4 consists of Equity Interests. No Distributions of any kind will be made to the Holders of Equity Interests. As a condition to effectiveness of the Plan, the Debtor must close the Property Sale. The Property Sale shall be exempt from otherwise applicable Transfer Taxes in accordance with section 1146(a) of the Bankruptcy Code. The Plan and the Distributions provided for therein shall be funded by the Cash Fund, the Debtor's cash on hand (estimated to be approximately $25,000.00 on the Effective Date), the KTAP Carve Out, the Committee Carve Out, and such other funds that NYSF shall pay to satisfy Allowed Administrative Expense Claims, including Allowed Professional Fee Claims; provided, however, that the Property Tax Claims shall be paid and satisfied directly by NYSF at the closing of the Property Sale as provided in the Plan. The Confirmation Hearing will be held by the Honorable Nancy Hershey Lord, United States Bankruptcy Judge, on November 13, 2025, at 2:30 p.m. Any Creditor or other party in interest who wishes to object to confirmation of the Plan, or the classification of Claims provided in the Plan, must, not later than November 6, 2025, file an objection with the Clerk of the United States Bankruptcy Court for the Eastern District of New York. A full-text copy of the Disclosure Statement dated October 3, 2025 is available at https://urlcurt.com/u?l=RnBAjr from PacerMonitor.com at no charge. Counsel to the Debtor: Paul H. Aloe, Esq. David N. Saponara, Esq. Kudman Trachten Aloe Posner LLP 488 Madison Avenue, 23 rd Floor New York, NY 10022 Telephone: (212) 868-1010 Email: paloe@kudmanlaw.com dsaponara@kudmanlaw.com About Hello Albemarle LLC JG Albemarle, LLC and six other creditors of Hello Albemarle, LLC, filed an involuntary Chapter 11 petition (Bankr. E.D.N.Y. Case No. 23-41326) against the company on April 19, 2023. The creditors are represented by Kevin J. Nash, Esq., at Goldberg Weprin Finkel Goldstein, LLP. Judge Nancy Hershey Lord oversees the case. HIGHER GROUND: Court OKs Plan Disclosures Despite Short Notice -------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that a Texas bankruptcy judge on Tuesday, October 14, 2025, approved the Chapter 11 plan disclosure statement of Montessori school operator Higher Ground Education but issued a strong warning about the increasing frequency of expedited hearings in the district. The ruling allows the company to move forward with its reorganization efforts, marking a key milestone in its bankruptcy case, according to the report. During the hearing, the judge expressed concern that parties in several recent cases have been requesting shortened notice periods for plan-related hearings, limiting the time available for creditors and other stakeholders to prepare responses. He emphasized that while efficiency is important, due process must not be compromised in the name of speed, according to report. The judge reminded both Higher Ground and its creditors that the court's scheduling process exists to ensure fairness and transparency for all involved. He cautioned that continued reliance on accelerated hearings could undermine confidence in the bankruptcy process and strain the court’s ability to manage increasingly complex Chapter 11 cases, the report states. With the disclosure statement approved, Higher Ground Education can now solicit votes on its proposed reorganization plan. The company's Chapter 11 filing is part of an effort to stabilize its finances and continue operations amid mounting debt pressures. However, the court's warning serves as a reminder that even as debtors seek to move quickly, the integrity of the process must remain a priority, the report relays. About Higher Ground Education Higher Ground Education Inc. and its subsidiaries operate Montessori schools and provide related training and consulting services worldwide. Founded in 2016, the Group grew to manage more than 150 schools by 2024, with locations across the U.S. and international expansion into Hong Kong and mainland China. It also offers virtual and home-based education, teacher training, and licensing of its content to independent partners. Higher Ground Education Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80121) on June 17, 2025. In its petition, Higher Ground reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Michelle V. Larson handles the cases. The Debtors are represented by Holland N. O'Neil, Esq., and Timothy C. Mohan, Esq. at Foley & Lardner LLP and Nora J. McGuffey, Esq., and Quynh-Nhu Truong, Esq., at Foley & Lardner LLP. SierraConstellation Partners, LLC is the Debtors' financial advisor. Verita Global, LLC fka Kurtzman Carson Consultants, LLC is the Debtors' notice, claims, solicitation & balloting agent. On July 8, 2025, the U.S. Trustee for the Northern District of Texas appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Gray Reed as counsel. HIGHLAND CAPITAL: SCOTUS Seeks Input on Chapter 11 Appeal --------------------------------------------------------- Vince Sullivan of Law360 reports that the U.S. Supreme Court has asked the Solicitor General to offer the federal government's view on a dispute stemming from the Highland Capital Management bankruptcy. The case could determine how much protection bankruptcy courts can give to restructuring professionals facing retaliatory or frivolous lawsuits. In its Tuesday, October 14, 2025, order, the Court invited the Solicitor General to weigh in on Highland's appeal of a Fifth Circuit ruling that weakened a "gatekeeping" clause in the company's Chapter 11 reorganization plan. That clause required parties, including founder James Dondero, to seek bankruptcy court approval before suing those involved in the restructuring process, the report states. Highland argues that limiting this safeguard exposes its advisers to baseless claims that could hinder the efficient handling of bankruptcy cases. The hedge fund warns that the Fifth Circuit's ruling threatens to make restructuring professionals more vulnerable and could complicate future reorganizations nationwide, the report said. About Highland Capital Management Highland Capital Management, LP was founded by James Dondero and Mark Okada in Dallas in 1993. Highland Capital is the world's largest non-bank buyer of leveraged loans in 2007. It also manages collateralized loan obligations. In March 2007, it raised $1 billion to buy distressed loans. Collateralized loan obligations are created by bundling together loans and repackaging them into new securities. Highland Capital Management sought Chapter 11 protection (Bank. D. Del. Case No. 19-12239) on Oct. 16, 2019. On Dec. 4, 2019, the case was transferred to the U.S. Bankruptcy Court for the Northern District of Texas and was assigned a new case number (Bank. N.D. Tex. Case No. 19-34054). Judge Stacey G. Jernigan is the case judge. At the time of the filing, Highland had between $100 million and $500 million in both assets and liabilities. The Debtor tapped Pachulski Stang Ziehl & Jones LLP as bankruptcy counsel, Foley & Lardner LLP as special Texas counsel, and Teneo Capital, LLC as litigation advisor. Kurtzman Carson Consultants, LLC, is the claims and noticing agent. The U.S. Trustee for Region 6 appointed a committee of unsecured creditors on Oct. 29, 2019. The committee tapped Sidley Austin LLP and Young Conaway Stargatt & Taylor LLP as bankruptcy counsel, and FTI Consulting, Inc. as financial advisor. HONOLULU SPINE: Gets OK to Use Cash Collateral Until Oct. 31 ------------------------------------------------------------ The U.S. Bankruptcy Court for the District of Hawaii issued a fourth stipulated order authorizing Honolulu Spine Center, LLC's interim use of cash collateral through October 31. The order authorized the Debtor to use the pre-bankruptcy cash collateral of Central Pacific Bank to pay its operating expenses in accordance with its 2025-Q3 budget, and to exceed the budget by 20% each on an aggregate and cumulative basis. The Debtor projects total monthly operational expenses of $982,250 for September; and $1,010,125 for October. As adequate protection, Central Pacific Bank will be granted replacement liens on post-petition assets and the proceeds thereof, and will continue to receive a monthly payment at the non-default interest of $6,543.89. The next hearing is scheduled for October 27. The Debtor owes Central Pacific Bank approximately $1 million on a line of credit that is evidenced by, among other loan documents, a promissory note and security agreement, both dated May 3, 2024. The loan is secured by a blanket UCC-1 financing statement recorded on April 1, 2024, at the Bureau of Conveyances for the State of Hawaii and on April 9, 2024, at the Delaware Department of State U.C.C. Filing Section. Central Pacific Bank is represented by: Cori Ann C. Takamiya, Esq. Jill J. Takayama, Esq. Kessner, Umebayashi, Bain & Matsunaga 220 South King Street, Suite 1900 Honolulu, HI 96813 Telephone: (808) 536-1900 Facsimile: (808) 529-7177 ctakamiya@kdubm.com jtakayama@kdubm.com About Honolulu Spine Center Honolulu Spine Center, LLC, doing business as Honolulu Sports & Spine Surgery Center and Honolulu Sports and Spine Center, is a surgical center in Honolulu, Hawaii. Honolulu Spine Center sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 24-01110) on December 6, 2024, with $1 million to $10 million in both assets and liabilities. Louis DiMartini, the authorized signatory, signed the petition. Judge Robert J. Faris handles the case. The Debtor is represented by: Chuck C. Choi, Esq. Choi & Ito 700 Bishop Street, Suite 1107 Honolulu, HI 96813 Tel: 808-533-1877 Fax: 808-566-6900 Email: cchoi@hibklaw.com IMAGE LOCATIONS: Gets OK to Use Cash Collateral Until Nov. 30 ------------------------------------------------------------- Image Locations, Inc received interim approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral to fund operations. The interim order authorized the Debtor to use cash collateral, which consists of cash and cash equivalents on hand, through November 30 in accordance with its budget. The Debtor may exceed any line item in the budget by up to 15% in any one month as long as the overage for all items in the aggregate does not exceed 15% of the total budget amount for that month. As adequate protection, the U.S. Small Business Administration and other creditors with a valid interest in cash collateral will be granted replacement liens on the proceeds of their respective collateral. In addition, the SBA will receive monthly payments of $9,697 as further protection. The interim order is available at https://is.gd/71hmMv from PacerMonitor.com. The next hearing is set for November 20. The Debtor, which grew from a small 2002 website to hosting over 3,000 filming locations, faced financial distress after enduring major industry-wide disruptions, COVID-19 shutdowns, two Hollywood strikes, and recent wildfires that cancelled 28 projects in early 2025. To stay afloat, the Debtor borrowed from multiple merchant cash advance lenders, including QFS Capital, whose aggressive collection actions precipitated the Chapter 11 filing. The creditors with interests in the collateral include the SBA, Transportation Alliance Bank, Advance Service Group, Samson Funding, QFS Capital, and Forward Financing. About Image Locations Inc. Image Locations Inc. is a business that specializes in offering rental spaces and locations for film and television production. Image Locations Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-18780) on October 2, 2025. In its petition, the Debtor reports estimated assets up to $500,000 and estimated liabilities up to $10 million. Honorable Bankruptcy Judge Vincent P. Zurzolo handles the case. The Debtor is represented by Jeffrey S. Shinbrot, Esq., at The Shinbrot Firm. IN HOME PERSONAL: Hires Brokerocity Inc as Real Estate Broker ------------------------------------------------------------- In Home Personal Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Maria P. Ruiz of Brokerocity Inc. as real estate broker. The firm will market and sell the Debtor's real property commonly known as 605 Barrington Ave., Unit 226, East Dundee, Illinois. The broker shall be entitled to a commission of 2 percent upon approval of sale. Ms. Ruiz assured the court that Brokerocity Inc. is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Maria P. Ruiz Brokerocity Inc. 102 S Main St, Algonquin, IL 60102 Phone: (847) 984-9500 About In Home Personal Services In Home Personal Services Inc. operates a health care business. In Home Personal Services sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-08842) on June 15, 2024. In the petition filed by Michael Collura, president, the Debtor disclosed total assets of $744,226 and total liabilities of $3,509,818. Judge Jacqueline P. Cox oversees the case. The Debtor tapped James A. Young, Esq., at James Young Law as counsel and Lois West, CPA, at KRD Accountants Ltd. as accountant. IT IS WELL: Case Summary & 13 Unsecured Creditors ------------------------------------------------- Debtor: It Is Well Healthcare, LLC. 2636 U.S. Hwy 78 Tallapoosa, GA 30176 Business Description: It Is Well Healthcare, LLC provides primary care and wellness services in Dallas, Georgia. The clinic offers medical evaluations, chronic care management, physical exams, immunizations, and diagnostic testing, along with treatment for conditions such as hypertension, diabetes, and thyroid disorders. It also provides aesthetic and wellness treatments including hormone replacement therapy, facials, dermal fillers, microdermabrasion, and body contouring procedures. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 25-11533 Debtor's Counsel: J. Nevin Smith, Esq. SMITH CONERLY LLP 402 Newnan Street Carrollton, GA 30117 Tel: 770-834-1160 Fax: 770-834-1190 E-mail: tpauley@smithconerly.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Tara D. Howell as sole member. A full-text copy of the petition, which includes a list of the Debtor's 13 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/K7EXQWA/It_Is_Well_Healthcare_LLC__ganbke-25-11533__0001.0.pdf?mcid=tGE4TAMA IVANTI SOFTWARE: Palmer Square Marks $642,988 Loan at 15% Off ------------------------------------------------------------- Palmer Square Opportunistic Income Fund has marked its $642,988 loan extended to Ivanti Software, Inc. to market at $545,241 or 85% of the outstanding amount, according to Palmer Square's Form N-CSR for the fiscal year ended July 31, 2025, filed with the U.S. Securities and Exchange Commission. Palmer Square is a participant in a loan to Ivanti Software, Inc. The loan accrues interest at a rate of 8.793% per annum. The loan matures on June 1, 2029. Palmer Square was organized as a Delaware statutory trust on May 1, 2014, and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. Shares of the Fund are being offered on a continuous basis. Palmer Square values equity securities at the last reported sale price on the principal exchange or in the principal over the counter market in which such securities are traded, as of the close of regular trading on the NYSE on the day the securities are being valued or, if the last-quoted sales price is not readily available, the securities will be valued at the last bid or the mean between the last available bid and ask price. Palmer Square is led by Jeffrey D. Fox as president and principal executive officer, treasurer, and principal financial officer. The Fund can be reached through: Jeffrey D. Fox Palmer Square Opportunistic Income Fund 1900 Shawnee Mission Parkway Suite 315 Mission Woods, KS 66205 Telephone: (816) 994-3200 About Ivanti Software, Inc. Ivanti Software, Inc. provides information technology services. The Company offers IT asset management, network and endpoint security, asset discovery, and supply chain solutions. Ivanti Software serves clients worldwide. IVF ORLANDO: MCA Funders' Objections to Plan Overruled ------------------------------------------------------ Judge Tiffany P. Geyer of the United States Bankruptcy Court for the Middle District of Florida overruled the objections of Fox Funding Group, LLC and Overton Funding, LLC to the confirmation of IVF Orlando, Inc.'s Chapter 11 Subchapter V plan. This case came on for hearing on June 5, 2025, to consider confirmation of the Debtor's Chapter 11 Subchapter V plan. Fox Funding Group, LLC and Overton Funding, LLC, which are parties to prepetition merchant cash advance agreements with the Debtor, argue the Debtor did not propose the Plan in good faith as 11 U.S.C. Sec. 1129(a)(3)2 requires because the Plan relies on the use of future receivables the Funders claim they purchased and own under the MCAs. As such, the Funders argue the Debtor lacks any legal or equitable interest in the receivables and that their ownership interests cannot be restructured. Alternatively, the Funders argue their claims are secured and must be paid in full pursuant to Sec. 1129(b)(2)(A)(i)(II) and Sec. 1191(c)(1). Because the Plan treats their claims as unsecured and fails to account for a potential determination by this Court that the Funders own the future receivables, as raised in pending adversary proceedings (Adv. Pro. No. 6:25-ap-00027 and Adv. Pro. No. 6:25-ap-00028), the Funders argue good faith is absent. On July 8, 2025, the Court held a hearing and advised the parties it would confirm the Plan on a nonconsensual basis pursuant to Sec. 1191(b) and overrule the Funders' objections. The Court entered an order confirming the Plan on Sept. 23, 2025 and issues this Memorandum Opinion setting forth and supplementing the Court's oral ruling. The Court holds, "The Funders neither own nor have a security interest in the Debtor's post-petition receivables. The Plan and the totality of the circumstances surrounding it are ordinary and do not reflect bad faith, and the Plan has a reasonable hope of success. Thus, the Funders' objections are overruled, and the Plan is confirmed." A copy of the Court's Memorandum Opinion dated October 3, 2025, is available at https://urlcurt.com/u?l=iaw01L from PacerMonitor.com. About IVF Orlando IVF Orlando Inc. -- https://theivfcenter.com/ -- is one of the longest established IVF programs in the Winter Park, Orlando, Fla., area. IVF Orlando sought relief under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-05475) on October 8, 2024, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., serves as Subchapter V trustee. Judge Tiffany P. Geyer handles the case. The Debtor is represented by Daniel A. Velasquez, Esq., at Latham Luna Eden & Beaudine, LLP. JAGUAR HEALTH: Stock Exchange Lowers Royalty Interest by $600K -------------------------------------------------------------- Jaguar Health, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into a Privately Negotiated Exchange Agreement with a holder of royalty interest in the Company. Pursuant to the Exchange Agreement, the Company issued 286,532 shares of common stock to such holder in exchange for a $600,000 reduction in the outstanding balance of the royalty interest held by such holder. The shares of common stock that were issued in the exchange transaction described above were issued in reliance on the exemption from registration provided under Section 3(a)(9) of the Securities Act of 1933, as amended. The form of Exchange Agreement was filed as Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2019, filed on August 14, 2019, which is available at https://tinyurl.com/3ryyxdzu About Jaguar Health Jaguar Health, Inc. -- http://www.jaguar.health/-- is a commercial-stage pharmaceuticals company focused on developing novel, plant-based, sustainably derived prescription medicines for people and animals with gastrointestinal ("GI") distress, including chronic, debilitating diarrhea. Jaguar Health's wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary plant-based human pharmaceuticals from plants harvested responsibly from rainforest areas. The Company's crofelemer drug product candidate is the subject of the OnTarget study, a pivotal Phase 3 clinical trial for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy. Larkspur, California-based RBSM, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has an accumulated deficit, recurring losses, and expects continuing future losses. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company, since its inception, has incurred recurring operating losses and negative cash flows from operations and has an accumulated deficit of $346.5 million as of December 31, 2024. As of June 31, 2025, the Company had $48.3 million in total assets against $41.4 million in total liabilities. KEESTONE PROPERTIES: Gets OK to Use Cash Collateral Thru Oct. 31 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Tennessee issued a second interim order allowing Keestone Properties of TN, LLC and its affiliates to continue using cash collateral. The court authorized the Debtors to continue using cash collateral through October 31 for ordinary and necessary operating expenses. This interim approval was granted after considering the objection from the University of Kentucky Federal Credit Union (UKFCU), which consented to interim relief while reserving its rights for future hearings. As adequate protection, the Debtors must maintain a minimum combined amount of $30,000 in inventory, accounts receivable, and DIP account balances, and UKFCU will retain escrow deposits held pre-bankruptcy. The order also granted UKFCU post-petition replacement liens on these amounts without requiring additional filings. The court scheduled a continued hearing for October 29. About Keestone Properties of TN, LLC Keestone Properties of TN, LLC in Loretto, TN, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Tenn. Case No. 25-03769) on Sept. 8, 2025, listing $1 million to $10 million in both assets and liabilities. William Keelon, Jr., as member, signed the petition. Judge Charles M Walker oversees the case. Dunham Hildebrand Payne Waldron, PLLC serves as the Debtor's legal counsel. KENNEDY CONSTRUCTION: Case Summary & 20 Top Unsecured Creditors --------------------------------------------------------------- Debtor: Kennedy Construction Groups, LLC 1320 12th Street East Palmetto, FL 34221 Business Description: Kennedy Construction Groups, LLC, operating as Kennedy Roofing, provides residential and commercial roofing, gutter, window, and carpentry services in Florida. The Company offers repair and installation for flat, tile, clay, metal, asphalt shingle, and membrane roofs, along with rain gutter installation, impact-resistant window replacement, and general carpentry. It is a licensed and certified contractor, including Owens Corning Roofing Platinum Preferred status, serving West Central Florida with in-house crews and OSHA- and worker's comp- certified staff. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Middle District of Florida Case No.: 25-07452 Debtor's Counsel: Buddy D. Ford, Esq. FORD & SEMACH, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Tel: (813) 877-4669 Fax: (813) 877-5543 Email: All@tampaesq.com Total Assets: $582,203 Total Liabilities: $6,640,541 The petition was signed by Melvin E. Kennedy as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YBDORNY/Kennedy_Construction_Groups_LLC__flmbke-25-07452__0001.0.pdf?mcid=tGE4TAMA KRCM ASTORIA: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: KRCM Astoria Portfolio Corp. 21-80 38th Street Astoria, NY 11105 Business Description: The Debtor owns three multifamily apartment buildings in Astoria, New York, located at 23-05 30th Avenue, 23-15 30th Avenue, and 21-80 38th Street, which together generate about $357,300 in monthly rental income. Chapter 11 Petition Date: October 8, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-44859 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Kevin Nash, Esq. GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP 125 Park Ave New York, NY 10017-5690 E-mail: knash@gwfglaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Karan Singh as manager. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/72LCCFI/KRCM_Astoria_Portfolio_Corp__nyebke-25-44859__0001.0.pdf?mcid=tGE4TAMA KULANA HALE: Hires Lewis W. Siegel Esq. as Counsel -------------------------------------------------- Kulana Hale LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Lewis W. Siegel, Esq., an attorney serving in White Plains, New York as its legal counsel. The attorney will render these services: (a) provide legal advice with respect to its duties and powers under Chapter 11; (b) prepare and file documents required by the Bankruptcy Code and this Court; (c) provide such other legal services as may be required by Debtor to comply with its responsibilities under the Bankruptcy Code and such requests as may be made by the Trustee for the case. Mr. Siegel's billing rate is $600 per hour. Mr. Siegel assured the court that he represents no interest actually adverse to the estate in the matters upon which he is to be engaged. Mr. Siegel can be reached at: Lewis W. Siegel, Esq. 60 East 42nd Street, Suite 4000 New York, NY 10165 Telephone: (212) 286-0010 FaCsimile: (212) 884-9586 Email: Info@LWSEsq.com About Kulana Hale LLC Kulana Hale, LLC classified itself as a single-asset real estate debtor, under the definition set forth in 11 U.S.C. Section 101(51B). Kulana Hale sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-11990) on September 12, 2025. In its petition, the Debtor reported total assets of $45,256,000 and total liabilities of $36,558,368. Honorable Bankruptcy JudgeÂ Philip Bentley handles the case. The Debtor is represented by Lewis W. Siegel, Esq. LA MARQUE, TX: S&P Lowers GO Debt Long-Term Rating to 'BB+' ----------------------------------------------------------- S&P Global Ratings lowered its long-term rating to 'BB+' from 'A+' on La Marque, Texas' general obligation (GO) debt. At the same time, S&P removed the rating from CreditWatch, where it was placed with negative implications on Sept. 18, 2025. S&P said, "The downgrade reflects our view of the city's extremely rapid pace of deteriorating finances that we expect will decrease available reserves to negative levels in fiscal 2025, as well as our view of heightened vulnerability in city management following significant turnover in key positions that results in a rating cap." The negative outlook reflects the potential for additional rating pressure if the city is unable to make meaningful strides toward achieving structural balance while facing various challenges that could limit alignment of revenue and expenditures and restoring reserves in the near term. S&P said, "Our rating action is informed by weak governance structure, given significant turnover in key executive positions and lack of oversight that led to governance shortfalls including a recently missed debt service payment, liquidity pressures, and budgetary imbalance. In addition, we view the city's location along the coast, which exposes it to severe weather events in the form of hurricanes and flooding, as a potential hindrance to rebuilding reserves as well as a credit concern given the city's existing liquidity and reserve position. Lastly, we believe that the city's social factors are neutral within our credit rating analysis. "The negative outlook reflects our view that there is a one-in-three chance that we could lower the rating during the one-year outlook horizon if management fails to establish a track record of balanced general fund performance, resulting in weaker-than-expected results in fiscal years 2025 and 2026. "We could lower the rating if La Marque's management and governing body lack the ability and willingness to make appropriate budgetary adjustments to achieve operational balance, leading to ongoing structural imbalance in fiscal 2026 and beyond, further weakening reserves and liquidity. We could also lower the rating if our assessment of management weakens further, either due to a lack of improvement within the city's audit findings or continued financial distress. "We could revise the outlook to stable if the city is able to successfully implement its fiscal stabilization plan and restore operational balance." Environmental, social, and governance (ESG) credit factors for this change in credit rating/outlook and/or CreditWatch status: -- Risk management, culture, and oversight LAKE COUNTY: Plan Exclusivity Period Extended to March 30, 2026 --------------------------------------------------------------- Judge David D. Cleary of the U.S. Bankruptcy Court for the Northern District of Illinois extended Lake County Hospitality LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to March 30, 2026 and April 30, 2026, respectively. As shared by Troubled Company Reporter, the Debtor claims that the instant bankruptcy proceeding was filed under Chapter 11 of the Bankruptcy Code on May 30, 2025. This is the Debtor's first request to extend exclusivity under Section 1121(d) of the Bankruptcy Code. The requested extension dates of March 30, 2026, and April 30, 2026, are within the time limitations set by Section 1121(d) of the Bankruptcy Code. The Debtor explains that it has been working towards achieving a plan that is acceptable to creditors and will provide the most benefit to the Bankruptcy Estate. To achieve this goal, the Debtor requires additional time to retain professionals and work with creditors. The Debtor asserts that the extension of time will not prejudice any creditors or the United States Trustee. Lake County Hospitality, LLC is represented by: Paul M. Bach, Esq. Penelope N. Bach, Esq. Bach Law Offices, Inc. P.O. BOX 1285 Northbrook, IL 60062 Tel: (847) 564 0808 About Lake County Hospitality Lake County Hospitality, LLC, operates in the hotel and lodging sector and is associated with properties in Illinois. It manages hospitality assets and has been linked to hotels such as Four Points by Sheraton in Buffalo Grove. Lake County Hospitality sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08293) on May 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Timothy A. Barnes handles the case. Paul M. Bach, Esq., at Bach Law Offices, is the Debtor's bankruptcy counsel. LATITUDE 46: Seeks Chapter 11 Bankruptcy in Colorado ---------------------------------------------------- On October 6, 2025, Latitude 46 North LLC voluntarily filed for Chapter 11 bankruptcy protection in the District of Colorado. The filing indicates liabilities in the range of $100,001 to $1 million. The company reports having between 1 and 49 creditors. About Latitude 46 North LLC Latitude 46 North LLC is a limited liability company. Latitude 46 North LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-16471) on October 6, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Thomas B. Mcnamara handles the case. The Debtor is represented by Bonnie Bell Bond, Esq. LEISURE INVESTMENTS: Miami Seaquarium Shuts Down Operations ----------------------------------------------------------- Briana Nespral of South Florida reports that the Miami Seaquarium, a beloved South Florida landmark for 70 years, will close permanently after filing for bankruptcy earlier this year, 2025. Its lease has been sold to Terra Group for $22.5 million, which plans to redevelop the park into a modern marine education center called "Miami Seaquarium 2.0," featuring no marine mammals, according to the report. Terra Group CEO David Martin said the new attraction will highlight ocean conservation and local ecosystems, offering restaurants, retail spaces, and a marina. "We're creating a place that honors the Seaquarium's history while focusing on sustainability and education," Martin said. The closure comes amid mounting controversies, including animal welfare violations and the death of the orca Lolita in 2023. Miami-Dade County moved to evict the current operator, Mexico's Dolphin Company, last year over concerns about animal care. While some residents are nostalgic about the Seaquarium's legacy, activists argue the facility's reputation has been tarnished beyond repair. A bankruptcy court hearing is set for October 17, 2025 to approve the redevelopment before final review by the county commission, the reports states. About Leisure Investments Holdings Leisure Investments Holdings LLC and affiliates are operating under the name "The Dolphin Company," manage over 30 attractions, including dolphin habitats, marinas, water parks, and adventure parks, located in eight countries across three continents. Their primary operations are based in Mexico, the United States, and the Caribbean, with locations in Jamaica, the Cayman Islands, the Dominican Republic, and St. Kitts. These attractions are home to approximately 2,400 animals from more than 80 species of marine life, including a variety of marine mammals such as dolphins, sea lions, manatees, and seals, as well as birds and reptiles. As of 2023, the marine mammal population at the Debtors' parks includes roughly 295 dolphins, 51 sea lions, 18 manatees, and 18 seals. Leisure Investments Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case 25-10606) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors tapped Robert S. Brady, Esq., Sean T. Greecher, Esq., Allison S. Mielke, Esq., and Jared W. Kochenash, Esq. as counsels. The Debtors' restructuring advisor is RIVERON MANAGEMENT SERVICES, LLC. The Debtors' Claims & Noticing Agent is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. LEVY VENTURES: Court OKs Use of Cash Collateral ----------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York, White Plains, approved a stipulation between Levy Ventures, LLC and NewRez, LLC, acting on behalf of various secured creditors, regarding the use of cash collateral. Under the stipulation, Levy Ventures is authorized to use cash collateral only to maintain its retained properties located in Baltimore, Md. The Debtor is prohibited from using such funds for any personal or unrelated expenses of its principals or insiders. Creditors reserve the right to object to any proposed budget or specific line items. As adequate protection, secured creditors will be granted post-petition replacement liens on the properties, with the same validity and extent as their pre-bankruptcy liens. In addition, secured creditors will receive monthly payments for each property in the amounts listed on the schedule, which the Debtor filed with the court. Payments will begin this month and continue until the Debtor's plan is confirmed; the automatic stay is terminated; the Debtor's Chapter 11 case is dismissed or converted; the parties stipulate otherwise; or the court orders otherwise. The Debtor must also maintain real property taxes, hazard insurance, and homeowners' association dues (if any), either by direct payment or through an escrow impound with secured creditors. A copy of the order is available at https://is.gd/KqjJbe from PacerMonitor.com. About Levy Ventures Levy Ventures, LLC is a New York-based company engaged in real estate-related activities. Levy Ventures sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22182) on March 5, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Judge Sean H. Lane handles the case. The Debtor is represented by Kevin Nash, Esq., at Goldberg Weprin Finkel Goldstein, LLP. Fay Servicing, LLC, acting as the authorized loan servicer for U.S. Bank Trust National Association (as Trustee for COLT 2023-3), is represented by: Jenelle Arnold, Esq. Aldridge Pite, LLP 3333 Camino Del Rio South, Suite 225 San Diego, CA 92108 Telephone: (858) 750-7600 Facsimile: (619) 590-1385 Email: JArnold@aldridgepite.com LINQTO INC: Creditors Push Back Jefferies' Chapter 11 Role ---------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that the creditors of investment platform Linqto are opposing the company's proposal to bring in Jefferies LLC as its investment banker during its Chapter 11 proceedings. The unsecured creditors' committee told a Texas bankruptcy judge that the debtor has not justified why Jefferies' services are necessary in this case, according to the report. The objection contends that the engagement would not yield additional value for stakeholders but would instead increase professional fees at the expense of creditor recoveries. The committee also questioned whether Jefferies' scope of work was clearly defined or appropriate for the debtor's financial condition, according to report. The filing asks the court to scale back or reject Linqto's request, warning that approving the retention could set a precedent for unnecessary professional hiring in smaller or limited-value bankruptcy cases, the report states. 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. Texas Case No. 25-90187) on July 7, 2025. The case is jointly administered with the Chapter 11 cases of Linqto Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares Manager, LLC under case number 25-90186. In its petition, Linqto Inc. reported estimated assets and liabilities between $500 million and $1 billion. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as legal counsel; Breakpoint Partners, LLC as restructuring advisor; ThroughCo Communications, LLC as public relations agent; and Epiq Corporate Restructuring, LLC as claims agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Orrick, Herrington & Sutcliffe, LLP. LMD HOLDINGS: Accused of Using Bankruptcy to Stall Sale ------------------------------------------------------- Janet Patton of Livington Herald Leader reports that LMD Holdings, the parent of Kentucky's Luca Mariano Distillery, is under fire from creditors accusing it of using bankruptcy to stall debt repayment. The company sought more time -- until November 14, 2025 -- to submit its Chapter 11 reorganization plan, drawing objections from SummitBridge, its top creditor owed more than $25 million, according to the report. SummitBridge argues LMD has shown no meaningful effort to resolve the case. The lender alleges LMD filed for bankruptcy in Michigan minutes before a scheduled receivership hearing in Kentucky, effectively halting the sale of the distillery. Court documents show LMD's total debts exceed $33 million, including multiple construction liens. LMD says negotiations are ongoing but complex due to ownership disputes between the property-holding company and the operating distillery, which owns 6,000 barrels of bourbon, according to report. SummitBridge disputes that claim, saying there have been no real talks or payments made on the outstanding loan. The standoff has left the future of the distillery uncertain just months after it faced $3.8 million in contractor lawsuits tied to its construction, the report states. Founded by Francesco Viola, the distillery was envisioned as a "Napa Valley of bourbon." Viola maintains the bankruptcy is meant to preserve value and restructure the business. Still, Luca Mariano's troubles mirror a broader downturn across Kentucky's bourbon sector, where falling demand and rising costs have led to mounting bankruptcies and receiverships, the report relays. About LMD Holdings, LLC LMD Holdings LLC operates Luca Mariano Distillery, a beverage manufacturer located at 128 Letton Drive in Danville, Kentucky. LMD Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-47214) on July 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million to $10 million each. Honorable Bankruptcy Judge Paul R. Hage handles the case. The Debtor is represented by Robert Bassel, Esq. at ROBERT N. BASSEL. MAMMOTH INC: Seeks to Hire UB Greensfelder LLP as Special Counsel ----------------------------------------------------------------- Mammoth, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to hire UB Greensfelder LLP as special counsel. The firm will pursue, coordinate, and oversee the filing of mechanic's liens in jurisdictions across the county to ensure Debtor gets paid on the projects for which it has performed worked. The firm's rates are: Partners $425/hour Associates $375/hour Paralegals $175/hour Administrative Tasks $100/hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. William J. Anaya, a partner at UB Greensfelder 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: William J. Anaya, Esq. Thadford A. Felton, Esq. UB Greensfelder LLP 200 West Madison Street, Suite 3300 Chicago, IL 60606-3607 Tel: (312) 658-6500 Fax: (312) 419-1930 About Mammoth Inc. Mammoth, Inc., doing business as Mammoth Construction, provides general contracting and construction management services from its base in Anderson, Indiana. The Company focuses on projects for the automotive industry, including car washes, dealerships, service centers, gas stations, and tire shops, while also undertaking commercial renovations and build-outs. Mammoth filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-05558) on September 15, 2025, with $7,427,011 in assets and $2,063,375 in liabilities. Jason L. Marlow, CEO, signed the petition. Judge Jeffrey J. Graham presides over the case. Sarah L. Fowler, Esq., at Blackwell, Burke, Fowler and Rossow, P.C. represents the Debtor as legal counsel. MARK L. OBMAN DDS: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The United States Bankruptcy Court for the Middle District of Florida, Tampa Division, issued an interim order granting Mark L. Obman, DDS, P.A. authorization to use cash collateral. The interim order 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 subject to approval by secured creditors. The secured creditors include Truist Bank, U.S. Small Business Administration, NewLane Finance Company, Navitas Credit Corp., Liberty Funding, and others. As adequate protection, the court granted the secured creditors replacement liens on post-petition cash collateral, with the same validity, extent, and priority as their pre-bankruptcy liens, without requiring further filings. The Debtor must also maintain insurance coverage on all property consistent with loan and security agreements. A continued hearing on cash collateral is scheduled for October 23. A copy of the interim order and the Debtor's budget is available at https://shorturl.at/KLp0k from PacerMonitor.com. About Mark L. Obman DDS Mark L. Obman, DDS, P.A. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06496) on September 8, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Jonathan A. Semach, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. MBIA INSURANCE: Moody's Cuts Insurance Fin. Strength Rating to Caa3 ------------------------------------------------------------------- Moody's Ratings has downgraded the insurance financial strength (IFS) rating of MBIA Insurance Corporation (MBIA Corp.) to Caa3 from Caa2 and changed the outlook from negative to stable. In the same rating action, Moody's have affirmed the senior unsecured debt rating of MBIA Inc. (MBIA) at Ba3 and the insurance financial strength rating of National Public Finance Guarantee Corporation (National) at Baa3. The outlooks for the ratings of MBIA Inc. and National are changed from stable to negative. These rating actions also have implications for the various transactions wrapped by National and MBIA Corp. as discussed later in this press release. RATINGS RATIONALE The downgrade of MBIA Corp.'s IFS rating to Caa3 from Caa2 reflects the company's continued stressed liquidity position, reduction in total cash and invested assets and significant write-down of its salvage recoverable assets in recent years. MBIA Corp. reported statutory cash and investments of $154 million in the first half of 2025, of which $34 million was liquid and immediately available. As the firm's claims-paying resources have fallen, it's operating leverage has increased, leaving MBIA Corp. vulnerable to any further deterioration in its insured portfolio. Moody's notes that MBIA Corp.'s policyholders' surplus is just $22 million above the minimum regulatory threshold required by the state of New York and the company's longer-term solvency remains dependent on the outcome of the firm's asset recovery efforts. The affirmation of National's Baa3 IFS rating reflects the company's capital resources relative to its remaining exposures, meaningful delinking from weaker affiliates and continued amortization of its insured portfolio. Moody's believes National's credit profile is subject to heightened volatility due to a number of large single risks in its insured portfolio that have experienced credit deterioration in recent months. The company's capital base has been significantly reduced, driven recently by a $647M extraction of capital through dividends in 2023. While another dividend of this scale is highly unlikely, Moody's do not anticipate any return to pre-2023 capital levels. The negative outlook on National reflects uncertainty surrounding capital management and sensitivity to large single risks within its insured portfolio. The affirmation of MBIA Inc.'s Ba3 senior unsecured debt rating and negative outlook reflects Moody's views that the rating is appropriately positioned at the current level, which is three notches below the Baa3 IFS rating of National, consistent with Moody's typical notching practices for US insurance holding company structures. According to us, credit deterioration at MBIA Corp. has only a limited impact on the broader MBIA group given the substantial delinking following the removal of the cross-default provision with MBIA Inc.'s debt in 2012. MBIA Insurance Corporation MBIA Corp.'s Caa3 IFS rating reflects heightened risk of regulatory intervention and significant uncertainty associated with the outcomes of ongoing recovery efforts. The firm's capital adequacy position has declined with the deterioration of its claim-paying resources due to claims payments and write-downs of its salvage recoverable asset. The company's liquidity position remains stressed. MBIA Corp.'s longer-term viability rests on its ability to recover the substantial majority of the firm's $170 million of expected salvage recoverable, primarily relating to sales of collateral from the defaulted Zohar I and Zohar II collateralized loan obligation transactions and excess spread recoveries on RMBS securities. Additionally, the firm's thin surplus cushion to the minimum regulatory level required leaves little room for adverse developments in its insured portfolio or further write-downs of salvage recoverable assets. The C (hyb) ratings on MBIA Corp.'s surplus notes and preferred stock reflect Moody's expectations that recovery rates on these securities are likely to be very low given their deeply subordinated status and the limited amount of capital resources available at the company. MBIA Inc. The Ba3 senior unsecured debt rating of MBIA is three notches below the Baa3 IFS rating of National, and is expected to remain linked to National's rating over time. MBIA has adequate liquidity with $355 million of cash and invested assets in the first half of 2025. Moody's expects ordinary dividend payments from National to continue over the next several years, generally in-line with the firm's net investment income. MBIA's debt burden is slowly improving and Moody's feel the company's debt service obligations are manageable over the next several years. The notching between MBIA Inc.'s senior debt rating and the IFS rating of its lead insurance subsidiary, National, is three notches and consistent with standard US insurance holding company structures. National Public Finance Guarantee Corporation The Baa3 IFS rating of National reflects the insurer's adequate risk-adjusted capital adequacy relative to its remaining exposures and the meaningful delinking from its weaker affiliates. Offsetting these strengths is National's run-off status, which weakens the alignment of interest between shareholders and policyholders, and exposure to below investment grade credits and large single risks. Approximately 9.4% of its insured book (including accreted interest on capital appreciation bonds (CABs)) was rated below investment grade in the first half of 2025, representing approximately 262% of its qualified statutory capital plus gross loss reserves. National's insured portfolio has amortized down to less than $34 billion of gross par outstanding (including accreted interest on CABs). As a result, the portfolio is more heavily concentrated in a large number of single risks and below investment grade exposure. The $647 million capital extraction in 2023 increased the company's vulnerability to adverse credit developments, reducing the amount of capital resources available to mitigate these large single risks and below investment grade concentrations. The firm's core earning power decreased as a result of the reduction in capital, due to lower prospective future investment income. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS National Public Finance Guarantee Corporation Given National's business and financial profile as a run-off financial guarantor, its rating is unlikely to be upgraded. However, the following factors could change the outlook from negative to stable: 1) Favorable resolution of certain defaulted transactions, including the firm's remaining Puerto Rico exposures; and 2) improved risk-adjusted capital adequacy. Conversely, the following factors could result in a downgrade of National's rating: 1) significant deterioration in the credit quality of its insured portfolio; 2) capital extraction in excess of the firm's ordinary dividend capacity without a commensurate reduction of insured risk; 3) significant additional purchases of MBIA common stock; and 4) provision of material capital support to MBIA Corp. MBIA Insurance Corporation MBIA Corp.'s ratings are unlikely to be upgraded, however the following factors could positive influence the firm's credit profile: 1) improved capital adequacy and liquidity profile; 2) a reduction in exposure to large single risks; and 3) substantial recoveries from Zohar collateral sales. Conversely, the following factors could result in a downgrade: 1) failure to secure substantial recoveries on Zohar collateral; 2) portfolio losses in excess of current expectations; and 3) further deterioration in the company's liquidity profile. MBIA Inc. MBIA's Ba3 senior debt rating is currently three notches below the Baa3 IFS rating of National, which is consistent with Moody's typical notching practices for US insurance holding company structures. The notching could be expanded to four or more notches below the IFS rating of National if there were constrained liquidity at the holding company with visible projected cash inflows and existing liquid assets covering less than two years of debt service. TREATMENT OF WRAPPED TRANSACTIONS Moody's ratings on securities that are guaranteed or "wrapped" by a financial guarantor are generally maintained at a level equal to the higher of the following: a) the rating of the guarantor (if rated at the investment grade level); or b) the published underlying rating (and for structured securities, the published or unpublished underlying rating). Moody's approach to rating wrapped transactions is outlined in Moody's methodologies "Guarantees, Letters of Credit and Other Forms of Credit Substitution Methodology" (July 2022). LIST OF AFFECTED RATINGS Issuer: MBIA Inc. Affirmation: -- Senior Unsecured, Affirmed Ba3 Outlook Action: -- Outlook changed to Negative from Stable Issuer: MBIA Insurance Corporation Affirmations: -- Preferred Stock, Affirmed C (hyb) -- Preferred Stock Non-cumulative, Affirmed C (hyb) -- Surplus Notes, Affirmed C (hyb) Downgrade: -- Insurance Financial Strength, Downgraded to Caa3 from Caa2 Outlook Action: -- Outlook changed to Stable from Negative Issuer: National Public Finance Guarantee Corp Affirmation: -- Insurance Financial Strength, Affirmed Baa3 Outlook Action: -- Outlook changed to Negative from Stable The principal methodology used in these ratings was Financial Guarantors published in March 2024. MBIA Corp.'s "Standalone Scorecard-Indicated Outcome" adjusted score of Caa3 is set ten notches below the "Preliminary Standalone Outcome" score of Baa2 to reflect its weak business and financial profile (Market environment and product strategy, portfolio characteristics and capital adequacy, profitability and financial flexibility). MBIA Insurance Corporation and National Public Finance Guarantee Corporation are financial guaranty insurance companies domiciled in New York State and are wholly owned subsidiaries of MBIA Inc. As of June 30, 2025, MBIA Inc. had consolidated gross par outstanding of approximately $36 billion (including accreted interest on CABs) and total claims paying resources at its operating subsidiaries of approximately $1.8 billion. MEDICAL SOLUTIONS: Palmer Square Marks $727,804 Loan at 44% Off --------------------------------------------------------------- Palmer Square Opportunistic Income Fund has marked its $727,804 loan extended to Medical Solutions Holdings, Inc. to market at $404,233 or 56% of the outstanding amount, according to Palmer Square's Form N-CSR for the fiscal year ended July 31, 2025, filed with the U.S. Securities and Exchange Commission. Palmer Square is a participant in a loan to Medical Solutions Holdings, Inc. The loan accrues interest at a rate of 7.880% per annum. The loan matures on November 1, 2028. Palmer Square was organized as a Delaware statutory trust on May 1, 2014, and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. Shares of the Fund are being offered on a continuous basis. Palmer Square values equity securities at the last reported sale price on the principal exchange or in the principal over the counter market in which such securities are traded, as of the close of regular trading on the NYSE on the day the securities are being valued or, if the last-quoted sales price is not readily available, the securities will be valued at the last bid or the mean between the last available bid and ask price. Palmer Square is led by Jeffrey D. Fox as president and principal executive officer, treasurer, and principal financial officer. The Fund can be reached through: Jeffrey D. Fox Palmer Square Opportunistic Income Fund 1900 Shawnee Mission Parkway Suite 315 Mission Woods, KS 66205 Telephone: (816) 994-3200 About Medical Solutions Holdings, Inc. Medical Solutions Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides clinical and non-clinical solutions to healthcare clients, such as nursing, allied, therapy professions, and medical services. Medical Solutions serves patients worldwide. MICROTRAKS INC: Seeks to Hire Asel & Associates PLLC as Accountant ------------------------------------------------------------------ MicroTraks, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Asel & Associates, PLLC as accountants for a limited purpose. The firm will be paid a flat fee of $3,500 per return for the preparation of 2023 and 2024 corporate tax returns and related schedules. Asel believes it has no interest adverse to that of the Debtor or the bankruptcy estate with respect to the matters for which it is to be employed, according to court filings. The firm can be reached through: John Asel Asel & Associates, PLLC 4725 College Park, Suite 200 San Antonio, TX 78249 About MicroTraks Inc. MicroTraks, Inc.'s creditor Tatanka, LLC filed an involuntary petition under Chapter 7 against the company (Bankr. W.D. Texas Case No. 25-50763) on April 7, 2025. The petitioning creditor is represented by its attorney, David S. Gragg, Esq. On June 25, 2025, the court ordered the conversion of the Chapter 7 case to a proceeding under Chapter 11, Subchapter V of the Bankruptcy Code and the consolidation of the converted case with the Subchapter V case (Bankr. W.D. Texas Case No. 25-10855) filed by MicroTraks on June 2, 2025. Judge Michael M. Parker presides over the case. MicroTraks is represented by William B. Kingman, Esq., at the Law Offices of William B. Kingman, PC. MODIVCARE INC: Committee Hires AlixPartners as Financial Advisor ---------------------------------------------------------------- The official committee of unsecured creditors of Modivcare Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to AlixPartners, LLP as financial advisor. The firm will provide these services: -- Review and evaluate the Debtors' current financial condition, business plans and cash and financial forecasts, and periodically report to the Committee regarding the same; -- Review the Debtors' cash management, tax sharing and intercompany accounting systems, practices and procedures; -- Valuate any proposed sale process and related bids, and participate in any meetings with bidders or auction, as required; -- Review and investigate: (i) related party transactions, including those between the Debtors and non-debtor subsidiaries and affiliates (including, but not limited to, shared services expenses and tax allocations) and (ii) selected other prepetition transactions; -- Identify and/or review potential preference payments, fraudulent conveyances and other causes of action that the various Debtors' estates may hold against third parties, including each other; -- Analyze the Debtors' assets and claims and assess potential recoveries to the various creditor constituencies under different scenarios; -- Provide valuation and litigation support services in connection with the preparation of valuation analyses and/or expert reports, as well as related expert testimony; -- Assist in the development and/or review of the Debtors' restructuring support agreement, plan of reorganization and disclosure statement; -- Review and evaluate court motions filed or to be filed by the Committee, the Debtors, or any other parties-in-interest, as appropriate; -- Render expert testimony and litigation support services, as requested from time to time by the Committee and its counsel, regarding any of the matters to which AlixPartners is providing services; -- Attend Committee meetings and Bankruptcy Court hearings as may be required in the role of advisors to the Committee; -- Support eDiscovery obligations including in conjunction with document requests, subpoenas, or other discovery requirements, such as forensic data acquisition and analysis, data processing, monthly secure data hosting, review and analysis, and productions, and any other eDiscovery needs requested by the Committee; and -- Assist with such other matters as may be requested that fall within AlixPartners' expertise and are mutually agreeable. The firm will be paid at these rates: Partner/ Partner & Managing Director $1,225 to $1,540 per hour Senior Vice President/Director $850 to $1,150 per hour Vice President $650 to $835 per hour Analyst/Consultant $250 to $640 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. David MacGreevey, a partner and managing director at AlixPartners, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David MacGreevey AlixPartners, LLP 909 Third Avenue, Floor 30 New York, NY 10022 Telephone: (212) 490-2500 Facsimile: (212) 490-1344 Email: dmacgreevey@alixpartners.com About Modivcare Inc. ModivCare Inc. is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and their members. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90309) on August 20, 2025. In the petition signed by Chad J. Shandler, chief transformation officer, the Debtor disclosed up to $10 billion in both assets and liabilities. Judge Alfredo R. Perez oversees the case. Timothy A. Davidson II, Esq., at Hunton Andrews Kurth LLP, represents the Debtor as legal counsel. MONTE MARTIN: Seeks to Hire Shuster Law PLLC as Counsel ------------------------------------------------------- Monte Martin, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Shuster Law, PLLC as counsel to handle its Chapter 11 case. The firm will be paid at these rates: David Shuster, Attorney $450 per hour Associates $330 per hour Scott Berken, Paralegal $175 per hour The firm has been paid a retainer of $16,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Shuster disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: David Shuster, Esq. Shuster Law, PLLC 118 Lynn Ave Ste 204 Lewisville, TX 75057 Tel: (972) 315-6222 Fax: (972) 315-6223 Email: david@shusterlawfirm.com About Monte Martin, Inc. Based in Dallas, Texas, Monte Martin Inc. provides fine art services, exhibit design and fabrication, lighting design, and electrical contracting through its headquarters at 2819 Anode Lane. It serves a diverse clientele including galleries, museums, institutions, restaurants, retail establishments, hotels, and private collectors, integrating art and lighting in its projects. Monte Martin formerly conducted business under the names Martin & Martin Design Services, LLC, Martin & Martin Design Electrical, LLC, Martin & Martin Design Fine Art Services, LLC, and Martin & Martin Design Exhibition Design, LLC. Monte Martin Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-33677) on September 22, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michelle V. Larson handles the case. The Debtor is represented by David Shuster, Esq., at Shuster Law, PLLC. N.K.G. CORP: Case Summary & Three Unsecured Creditors ----------------------------------------------------- Debtor: N.K.G. Corp. 1933 Fulton St. Brooklyn NY 11233 Business Description: N.K.G. Corp. provides residential construction and renovation services, including remodeling, woodwork, painting, electrical, and plumbing work. Chapter 11 Petition Date: October 8, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-44858 Judge: Hon. Nancy Hershey Lord Debtor's Counsel: Troy J. Lambert, Esq. ALTER & BARBARO ESQ 26 Court St. Suite 1812 Brooklyn NY 11242 Tel: (718) 237-0880 E-mail: troylambert@alterbarbaro.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Neville Greaves as president. A copy of the Debtor's list of three unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7B6ETPA/NKG_CORP__nyebke-25-44858__0001.3.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/652BUNY/NKG_CORP__nyebke-25-44858__0001.0.pdf?mcid=tGE4TAMA NAVIDEA BIOPHARMACEUTICALS: Taps Epiq Corporate as Noticing Agent ----------------------------------------------------------------- Navidea Biopharmaceuticals Inc. seeks approval from U.S. Bankruptcy Court for the District of Delaware to hire Epiq Corporate Restructuring, LLC as claims and noticing agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. The hourly rates of Epiq's professionals are as follows: IT/Programming $50 to $95 Case Managers $159 to $185 Consultants/Directors/Vice Presidents $185 to $195 Solicitation Consultant $195 Executive Vice President, Solicitation $200 Before the petition date, the Debtors provided Epiq a retainer in the amount of $7,500. Kathryn Mailloux, a consulting director at Epiq, 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: Kathryn Mailloux Epiq Corporate Restructuring, LLC 777 Third Avenue, 11th Floor New York, NY 10017 About Navidea Biopharmaceuticals Inc. Navidea Biopharmaceuticals Inc. develops precision immunodiagnostic agents and immunotherapeutics, focusing on identifying disease sites and pathways to improve diagnostic accuracy, clinical decision-making, and targeted treatment. The Company's products are based on its Manocept platform, which targets the CD206 mannose receptor on activated macrophages, and includes Tc99m tilmanocept, a commercially developed diagnostic agent. Navidea operates in the United States and engages in global partnering and commercialization efforts within the biopharmaceutical and diagnostic instruments sectors. Navidea Biopharmaceuticals Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11779) on October 1, 2025. In its petition, the Debtor reports total assets as of August 31, 2025 amounting to $1,202,555 and total liabilities as of August 31, 2025 of $12,874,821. Honorable Bankruptcy Judge J Kate Stickles handles the case. The Debtor is represented by Joseph C. Barsalona II, Esq. of PASHMAN STEIN WALDER HAYDEN, P.C. PIQ CORPORATE RESTRUCTURING, LLC is the Debtor's Claims & Noticing Agent. NELKIN & NELKIN: Schreiber et al. Claims Tossed ----------------------------------------------- Chief Judge Eduardo V. Rodriguez of the United States Bankruptcy Court for the Southern District of Texas dismissed with prejudice the claims asserted by Eugene Schreiber, Steven Schreiber, and Two Rivers Coffee LLC against Nelkin & Nelkin, P.C. in the adversary proceeding captioned as EUGENE SCHREIBER, STEVEN SCHREIBER, and TWO RIVERS COFFEE LLC, Plaintiffs, Counter Defendants VS. JAY NELKIN, NELKIN & NELKIN, P.C., and CAROL NELKIN, Defendants, and Counter Third Party Plaintiffs VS. PARNESS LAW FIRM, PLLC, HILLEL I. PARNESS, ROSENBLATT LAW P.C., RAPHAEL ROSENBLATT, BENNETT J. WASSERMAN, and LEGALMALPRACTICE.COM, INC., Third Party Defendants, ADVERSARY NO. 24-3061 (Bankr. S.D. Tex.). Eugene Schreiber, Steven Schreiber, and Two Rivers Coffee LLC assert claims, defensively, for breach of contract, professional malpractice, breach of fiduciary duty, negligence, vicarious liability, unauthorized practice of law, malicious use of process, and punitive damages against Nelkin & Nelkin, P.C. post discharge in this subchapter V proceeding. Nelkin & Nelkin, P.C. seeks entry of a partial summary judgment as to all claims against it by the Schreibers and Two Rivers Coffee LLC. According to the Court, there remains no genuine dispute of any material fact that Plaintiffs' Claims are pre-petition claims, Plaintiffs failed to file proofs of claim, and Plaintiffs had actual knowledge of this bankruptcy case. Thus, this is a purely legal dispute susceptible to summary judgment. Because the Court concludes that Plaintiffs are bound by the Plan and Confirmation Order, and Plaintiffs' Claims are prepetition, affirmative in personam claims, Plaintiffs' Claims were discharged pursuant to 11 U.S.C. Secs. 1191(a) and 1141(d) and are enjoined from assertion by the plain language of the Plan and Confirmation Order pursuant to 11 U.S.C. Sec. 524(a)(2). Accordingly, there remains no genuine issue as to any material fact for trial and Debtor is entitled to a judgment as a matter of law. Thus, the Schreibers and Two Rivers Coffee LLC's claims for breach of contract, professional malpractice, breach of fiduciary duty, negligence, vicarious liability, unauthorized practice of law, malicious use of process, and punitive damages asserted against Nelkin & Nelkin, P.C. in this adversary proceeding are dismissed with prejudice. A copy of the Court's Opinion & Order dated October 1, 2025, is available at https://urlcurt.com/u?l=06Rgbo from PacerMonitor.com. About Nelkin & Nelkin, P.C. Nelkin & Nelkin P.C. is a Houston, Texas based law firm that was founded in 1975. The Debtor filed Chapter 11 petition (Bankr. S.D. Texas Case No. 23-20245) on Aug. 25, 2023, with $10 million to $50 million in assets and $1 million to $10 million in liabilities. Carol Nelkin, president, signed the petition. Judge David R. Jones oversees the case. Miriam Goot, Esq., at Walker & Patterson, P.C., is the Debtor's legal counsel. NEW YORK CONCOURSE: Hires RE/MAX Bay Point Realtors as Broker ------------------------------------------------------------- New York Concourse LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Jim Dattoli, Jr. of RE/MAX Bay Point Realtors as real estate brokers. The firm will market and sell the Debtor's property located at 1401 Highway 35, Neptune, NJ 07753. The firm will receive a commission equal to 4 percent of the total gross sales. Mr. Dattoli disclosed in a court filing that RE/MAX Bay Point Realtors is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jim Dattoli, Jr. RE/MAX Bay Point Realtors 526 Bay Ave. Point Pleasant Beach, NJ 08742 Tel: (732) 773-5166 Email: jamesdrealestate@aol.com About New York Concourse LLC New York Concourse LLC is a single asset real estate company based in Neptune, New Jersey, with its principal place of business at 1401 Highway 35. New York Concourse LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-17807) on July 1, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Joseph Casello, Esq. at Collins, Vella & Casello. NOBLE LIFE: Seeks to Hire B.F. Semon & Associates as Appraiser -------------------------------------------------------------- Noble Life Sciences, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ B.F. Semon & Associates as appraisers. The firm will provide an appraiser's valuation of the Debtor's furniture and fixtures. The firm will receive compensation as follows: a. an initial retainer of $500 will be collected; b. the hourly rate for the appraisal will be $200; c. courtroom testimony will be at an hourly rate of $350; and d. the projected cost without courtroom testimony is projected to be $1,000 and to be produced in 3 weeks. As disclosed in the court filings, B.F. Semon & Associates is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Frank B. Semon B.F. Semon & Associates 744 Dulaney Valley Road, Suite 6 Towson, MD 21204, US Phone: (410) 321-1926 About Noble Life Sciences, Inc. Noble Life Sciences, Inc. is a pre-clinical contract research organization that provides GLP and non-GLP services, including safety and efficacy testing, for drugs, vaccines, and medical devices. It offers capabilities in pharmacology, bioanalysis, analytical testing, and preclinical development across a range of therapeutic areas such as oncology, infectious diseases, and cardiovascular conditions. Noble Life Sciences sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-15637) on June 22, 2025. In its petition, the Debtor reported total assets of $488,456 and total liabilities of $5,160,511. Robert B. Scarlett, Esq., at Scarlett & Croll, P.A. is the Debtor's legal counsel. Fulton Bank is represented by: Michael D. Nord, Esq. Gebhardt & Smith, LLP One South Street, Suite 2200 Baltimore, MD 21202 Tel: (410) 385-5072 E-mail: mnord@gebsmith.com NOVA AT SUMMER: Hires Buckmiller & Frost PLLC as Counsel -------------------------------------------------------- Nova at Summer Meadow Owner, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Buckmiller & Frost, PLLC as counsel. The firm will render these services: (a) undertake any and all steps and actions necessary to authorize the use of cash collateral pursuant to section 363 of the Bankruptcy Code, if applicable; (b) advise the Debtor with respect to its powers and duties in the continued management, operation, and reorganization of its business; (c) review any and all claims asserted against the Debtor by its creditors, equity holders, and parties in interest; (d) represent the Debtor's interests at the meeting of creditors under section 341 of the Bankruptcy Code, and at any other hearing or conference scheduled in the Bankruptcy Case before the court related to the Debtor; (e) attend any meetings, conferences, and negotiations with representatives of creditors and other parties in interest; (f) review and exam, if necessary, any and all transfers which may be avoided a preferential or fraudulent transfers under the appropriate provisions of the Bankruptcy Code; (g) take any and all necessary actions to protect and preserve the Debtor's bankruptcy estate; (h) prepare, on behalf of the Debtor all motions, applications, answers, orders, reports, and pleadings necessary to the administration of the bankruptcy estate; (i) prepare, on behalf of the Debtor, any plan of reorganization, disclosure statement, and all related agreements and/or documents, and take any necessary actions on behalf of the debtor to obtain confirmation of such plan of reorganization and approval of such disclosure statement; (j) represent the Debtor in connection with any potential post-petition financing; (k) advise the Debtor in connection with the sale or liquidation, if applicable, of any assets and property to third parties; (l) appear before the court, or any such appellate court, and the Office of the Bankruptcy Administrator to protect the interests of the Debtor and the bankruptcy estate; (m) represent the Debtor with respect to any general, corporate, or transactional matters that arise during the course of the administration of the Bankruptcy Case; and (n) assist and advise the Debtor with respect to negotiation, documentation, implementation, consummation, and closing of any corporate transactions, including any sales of assets, in the Bankruptcy Case. The firm will be paid at these rates: Matthew W. Buckmiller $400 per hour Joseph Z. Frost $375 per hour Yorlibeth Martinez $300 per hour Justin Sinnott $250 per hour Paralegals, Law Clerks, & Staff $65 to $160 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received an aggregate retainer of $31,738 which was paid on October 3, 2025. Mr. Frost disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joseph Z. Frost, Esq. Buckmiller & Frost, PLLC 4700 Six Forks Road, Suite 150 Raleigh, NC 27609 Telephone: (919) 296-5040 Facsimile: (919) 977-7101 About Nova at Summer Meadow Owner, LLC Nova at Summer Meadow Owner LLC is a Raleigh, North Carolina-based multifamily real estate holding company that owns the Nova at Summer Meadows apartment community. Nova at Summer Meadow Owner LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03953) on October 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. The Debtor is represented by Joseph Z. Frost, Esq. of Buckmiller & Frost, PLLC. NOVA AT SUMMER: Section 341(a) Meeting of Creditors on Nov. 12 -------------------------------------------------------------- On October 7, 2025, Nova at Summer Meadow Owner LLC filed Chapter 11 protection in the Eastern District of North Carolina. 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. A meeting of creditors under Section 341(a) to be held on November 12, 2025 at 10:00 AM at Zoom 341 Meeting Raleigh. About Nova at Summer Meadow Owner LLC Nova at Summer Meadow Owner LLC, based in Raleigh, North Carolina, owns and manages the Nova at Summer Meadows apartment community in Durham, NC, comprising 83 rental units. The Company operates in the multifamily real estate sector, focusing on residential property investment and management. Its services include leasing and maintaining apartment units with amenities such as stainless steel appliances and in-unit laundry. Nova at Summer Meadow Owner LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03953) on October 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Pamela W. McAfee handles the case. The Debtor is represented by Joseph Z. Frost, Esq. at BUCKMILLER & FROST, PLLC. OMNICARE LLC: Hires Houlihan Lokey Capital as Investment Banker --------------------------------------------------------------- Omnicare, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Houlihan Lokey Capital, Inc. as their investment banker. The firm's services include: (a) assisting the Debtors in the development and distribution of selected information, documents, and other materials; (b) assisting the Debtors in evaluating indications of interest and proposals regarding any Transaction(s) from current and/or potential lenders, equity investors, acquirers, and/or strategic partners; (c) assisting the Debtors with the negotiation of any Transaction(s), including participating in negotiations with creditors and other parties involved in any Transaction(s); (d) attending meetings of the Debtors' Board of Directors, creditor groups, official constituencies, and other interested parties, as the Debtors and Houlihan Lokey mutually agree; (e) providing expert advice and testimony regarding financial matters related to any Transaction(s), if necessary, and; (f) providing such other financial advisory and investment banking services as may be agreed upon by Houlihan Lokey and the Debtors. Houlihan Lokey's proposed compensation are: (a) Monthly Fees: In addition to the other fees provided for herein, upon the execution of the Agreement and on a monthly basis thereafter, commencing on October 2, 2025 during the term of this Agreement, the Company shall pay Houlihan Lokey in advance, without notice or invoice, a nonrefundable cash fee of $150,000 ("Monthly Fee"). Each Monthly Fee shall be earned upon Houlihan Lokey's receipt thereof in consideration of Houlihan Lokey accepting this engagement and performing services, and (b) Transaction Fee(s): In addition to the other fees provided for, the Company shall pay Houlihan Lokey the following transaction fee(s): i. Sale Transaction Fee. Upon the closing of the Sale Transaction, Houlihan Lokey shall earn, and the Company shall thereupon pay to Houlihan Lokey immediately and directly from the gross proceeds of such Sale Transaction, as a cost of such Sale Transaction, a cash fee ("Sale Transaction Fee") equal to the greater of (x) $2,500,000 and (y) 1.65 percent of the Aggregate Gross Consideration ("AGC"), of the Sale Transaction; provided, however, that if only one single Sale Transaction for all or substantially all of the Company's business is consummated, the Sale Transaction Fee will be equal to the greater of (x) $4,750,000 and (y) 1.65 percent of the AGC. The Sale Transaction Fees will be earned upon the close of any Sale Transaction and payable at the closing of the Sale Transaction, unless the Company is the subject of a bankruptcy case, in which case the Sale Transaction Fees shall be paid in accordance with the provisions of the Bankruptcy Code and any applicable court order. ii. Financing Transaction Fee. Upon the closing of each Financing Transaction, Houlihan Lokey shall earn, and the Company shall thereupon pay to Houlihan Lokey immediately and directly from the gross proceeds of such Financing Transaction, as a cost of such Financing Transaction, a cash fee ("Financing Transaction Fee"), including for any debtor-in-possession financing, equal to the greater of (x) $1,000,000 and (y) 2.0 percent of the gross proceeds of any indebtedness raised or committed. It is understood and agreed that if the proceeds of any such Financing Transaction are to be funded in more than one stage, Houlihan Lokey shall be entitled to its applicable compensation hereunder upon the closing date of each stage. The Financing Transaction Fee(s) shall be payable in respect of any sale of securities whether such sale has been arranged by Houlihan Lokey, by another agent or directly by the Company or any of its affiliates. Any noncash consideration provided to or received in connection with the Financing Transaction (including but not limited to intellectual or intangible property) shall be valued for purposes of calculating the Financing Transaction Fee as equaling the number of Securities issued in exchange for such consideration multiplied by (in the case of debt securities) the face value of each such Security or (in the case of equity securities) the price per Security paid in the then current round of financing. The fees set forth herein shall be in addition to any other fees that the Company may be required to pay to any investor or other purchaser of Securities to secure its financing commitment. Notwithstanding the foregoing in Section 3(ii)(b) of the Engagement Agreement, in the event an affiliate of Omnicare is the sole provider of the financing, (I) if Houlihan Lokey's financing process has not resulted in the delivery of a financing term sheet from a bona fide lender, the Financing Transaction Fee shall be equal to 0.50 percent of the gross proceeds of any indebtedness raised or committed, and (II) if Houlihan Lokey's financing process has resulted in the delivery of a financing term sheet from a bona fide lender, the Financing Transaction Fee shall be equal to 1.25 percent of the gross proceeds of any indebtedness raised or committed. iii. Restructuring Transaction Fee. Upon the earlier to occur of: (I) in the case of an out-of-court Restructuring Transaction, the closing of such Restructuring Transaction, and (II) in the case of an in-court Restructuring Transaction, the effective date of a confirmed plan of reorganization or liquidation under the Bankruptcy Code, Houlihan Lokey shall earn, and the Company shall promptly pay to Houlihan Lokey, a cash fee ("Restructuring Transaction Fee") of $4,000,000. (c) Expenses: In addition to all of the other fees and expenses described in this Agreement, and regardless of whether any Transaction is consummated, the Company shall, upon Houlihan Lokey's request, reimburse Houlihan Lokey for its reasonable out-of-pocket expenses incurred from time to time, provided that such reimbursement shall not exceed $50,000 in aggregate or $10,000 in any calendar month without the Company's prior written consent, not to be unreasonably withheld. Houlihan Lokey bills its clients for its reasonable out-of-pocket expenses including, but not limited to (i) travel-related and certain other expenses, without regard to volume-based or similar credits or rebates Houlihan Lokey may receive from, or fixed-fee arrangements made with, travel agents, airlines or other vendors, and (ii) research, database and similar information charges paid to third party vendors, and reprographics expenses, to perform client-related services that are not capable of being identified with, or charged to, a particular client or engagement in a reasonably practicable manner, based upon a uniformly applied monthly assessment or percentage of the fees due to Houlihan Lokey. Andrew Turnbull, a managing director at Houlihan Lokey Capital, 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: Andrew Turnbull Houlihan Lokey Capital, Inc. 10250 Constellation Blvd., Ste. 500 Los Angeles, CA 90067 Telephone: (310) 553-8871 About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare. Stretto, Inc. serves as claims agent. OMNICARE LLC: Seeks to Hire Haynes and Boone LLP as Co-Counsel -------------------------------------------------------------- Omnicare, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Haynes and Boone, LLP as co-counsel. The firm's services include: a. serving as bankruptcy co-counsel, working collaboratively with Jenner to advance the Debtors' objectives in an efficient manner; b. drafting, reviewing, and prosecuting applications, motions, pleadings, proposed orders, notices, and related filings, as well as reviewing all financial and other reports to be filed in these Chapter 11 Cases, in coordination with Jenner and the Debtors; c. reviewing and commenting on responses to applications, motions, complaints, pleadings, notices, and other papers that may be filed and served in these Chapter 11 Cases; d. negotiating and resolving contested matters, including claim objections, assumption/rejection issues, cash collateral/DIP matters, Rule 2004 issues, discovery, and scheduling, in collaboration with Jenner; e. collaborating on case strategy and workstream management; preparing or co-preparing status reports, case updates, and related communications to facilitate efficient decision-making; f. reviewing and drafting of any portions of any Chapter 11 plan, disclosure statement, and related documents, as requested by the Debtors and in coordination with Jenner; g. coordinating with other retained professionals and advisors to guide their efforts within the overall reorganization framework and to streamline work and workflow across teams; h. at the Debtors' request, appearing in Court (including handling designated hearings), and at meetings with the U.S. Trustee, creditors, and other stakeholders; i. advising and consulting on potential asset sales, including developing and implementing sale processes and procedures, preparing bid procedures and sale documents, coordinating with bidders, and supporting any auction and sale hearing, in collaboration with Jenner; j. providing legal advice and services regarding local rules, practices, and procedures, and Fifth Circuit authority, and ensuring filings and appearances conform to Northern District of Texas requirements; k. performing legal services necessary or appropriate to administer these Chapter 11 Cases and the Debtors' business, including developing and managing case calendars, preparing agendas, hearing notices, witness and exhibit lists, and hearing binders, and coordinating logistics for hearings and conferences; and l. performing such additional legal services as the Debtors may request, to promote the efficient and effective prosecution of these Chapter 11 Cases. Haynes Boone's current hourly rates are: Partners $1,400 to $1,850 Counsel $1,100 to $1,250 Associates $790 to $1,050 Paraprofessionals $525 to $625 The following is provided in response to the request for additional information set forth in Paragraph D.1. of the U.S. Trustee Guidelines: Question: Did Haynes Boone agree to any variations from, or alternatives to, Haynes Boone's standard billing arrangements for this engagement? Answer: No. Haynes Boone and the Debtors have not agreed to any variations from, or alternatives to, Haynes Boone's standard billing arrangements for this engagement. The rate structure provided by Haynes Boone is appropriate and is not significantly different from (a) the rates that Haynes Boone charges for other non-bankruptcy representations or (b) the rates of other comparably skilled professionals. Question: Do any of the Haynes Boone professionals in this engagement vary their rate based on the geographic location of these Chapter 11 Cases? Answer: No. The hourly rates used by Haynes Boone in representing the Debtors are consistent with the rates that Haynes Boone charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case. Question: If Haynes Boone has represented the Debtors in the twelve (12) months prepetition, disclose Haynes Boone's billing rates and material financial terms for the pre-petition engagement, including any adjustments during the twelve (12) months prepetition. If Haynes Boone's billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: The Firm was retained by the Debtors in the weeks prior to the Petition Date, and the Firm's billing rates have not changed post-petition. Question: Have the Debtors approved Haynes Boone's budget and staffing plan, and, if so, for what budget period? Answer: Haynes Boone will prepare a budget and staffing plan for the Debtors' approval. Charles A. Beckham, Jr., Esq., a partner at Haynes and Boone, 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: Charles A. Beckham, Jr., Esq. HAYNES AND BOONE, LLP 1221 McKinney Street, Suite 4000 Houston, TX 77010 Tel: (713) 547-2243 Fax: (713) 236-5638 Email: charles.beckham@haynesboone.com About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare. Stretto, Inc. serves as claims agent. OMNICARE LLC: Seeks to Hire Jenner & Block LLP as Attorney ---------------------------------------------------------- Omnicare, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Jenner & Block LLP as their attorneys. The firm's services include: a. advising the Debtors with respect to their powers and duties as debtors-in-possession in the continued management and operation of their business and properties; b. advising and consulting on the conduct of these Chapter 11 Cases, including all of the legal and administrative requirements of operating in chapter 11; c. attending meetings and negotiating with representatives of the Debtors' creditors, equity holders, and other parties-in-interest; d. taking all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any action commenced against the Debtors, and representing the Debtors in negotiations concerning litigation in which the Debtors are involved, including objections to claims filed against the Debtors' estates; e. preparing pleadings in connection with these Chapter 11 Cases, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtors' estates; f. advising the Debtors in connection with any potential sale of assets or transfer of operations; g. appearing before the Court and any appellate courts to represent the interests of the Debtors' estates; h. advising the Debtors regarding tax matters; i. assisting the Debtors in reviewing, assessing, estimating, and resolving claims asserted against the Debtors' estates; j. advising the Debtors regarding insurance and regulatory matters; k. commencing and conducting litigation necessary and appropriate to assert rights held by the Debtors, protect assets of the Debtors' estates, or otherwise further the goals of the Debtors in these Chapter 11 Cases; l. taking any necessary action on behalf of the Debtors to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a chapter 11 plan and all documents related thereto, including the review and analysis of potential claims and causes of action that may be released under such a plan; and performing all other necessary legal services for the Debtors in connection with the prosecution of these Chapter 11 Cases. The firm will be paid at these rates: Partners $1,090 to $2,560 per hour Special Counsel $1,290 to $1,540 per hour Associates $930 to $1,530 per hour Staff Attorneys $710 to $805 per hour Discovery Attorneys $415 per hour Paraprofessionals $370 to $690 per hour The firm will be paid a retainer in the amount of $200,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following answer the questions in Section D.1 of the U.S. Trustee Guidelines: (i) Jenner & Block did not agree to any variations from, or alternatives to, its standard or customary billing arrangements for this engagement. (ii) None of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case. (iii) The billing rates and material financial terms of Jenner & Block's prepetition engagement by the Debtors are comparable to such postpetition rates and terms as set forth in the Application. (iv) Jenner & Block will prepare a budget and staffing plan for the Debtors' approval. Derek Wright, Esq., a partner at Jenner & Block 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 Wright, Esq. Jenner & Block LLP 353 N. Clark Street Chicago, IL 60654 Tel: (312) 222-9350 Email: dwright@jenner.com About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare. Stretto, Inc. serves as claims agent. OMNICARE LLC: Seeks to Hire Ordinary Course Professionals --------------------------------------------------------- Omnicare, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to retain non-bankruptcy professionals in the ordinary course of business. The Debtors need ordinary course professionals to perform services for matters unrelated to these Chapter 11 cases. The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The Debtors do not believe that any of the OCPs have an interest materially adverse to them, their estates, creditors, or other parties in interest in connection with the matter upon which they are to be engaged. The OCPs include: Allen Flores Cons Group --Consulting services Alston & Bird --Legal counsel (litigation) Ballard Spahr --Legal counsel (collections) Bluegrass & Associates --Professional services firm Cooch and Taylor PA --Legal counsel (collections) Deloitte Consulting --Management consulting services Donohue Brown --Legal counsel (litigation) Ensafe --Environmental consulting Ernst & Young --Professional services firm Etq Management Consultants --Management consulting Gardner Resources Consulting --Human resources consulting Green & Norwood --Legal counsel (litigation) Greensfelder Hemker & Gale --Legal counsel (collections) Hinckley Allen & Snyder --Legal counsel (general) J. J. Keller & Associates --Regulatory compliance services Jackson Lewis --Legal counsel (labor and employment) John Michael Associates --Business consulting Littler --Legal counsel (labor and employment) MMM&K --Legal counsel (litigation) Morgan Brown Joy --Legal counsel (labor and employment) Nixon Peabody LLP --Legal counsel (litigation) Ogletree Deakins Nash Smoak & Stewart --Legal counsel (general) Optu Consulting --Consulting services Parker Bunt & Ainsworth --Legal counsel (litigation) Perez & Morris --Legal counsel (litigation) Quarles & Brady --Legal counsel (regulatory and licensing) Ready and Associates --Professional consulting services Reminger --Legal counsel (litigation) Riley Bennett Egloff LLP --Legal counsel (general) Rupp Pfalzgraf LLC --Legal counsel (collections) SCG Partners --Business consulting Seyfarth Shaw --Legal counsel (labor and employment) Stantec Consulting Services --Engineering and consulting Volakos Law Firm --Legal counsel (real estate) Wb Engineers Consultants --Engineering consulting services Weltman Weinberg & Reis Lpa --Legal counsel (collections) WGMR --Legal counsel (litigation) Wilson Elser --Legal counsel (litigation) Wood Herron & Evans --Legal counsel (patent and trademarks) Zuckerman Spaeder --Legal counsel (litigation) About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare. Stretto, Inc. serves as claims agent. OMNICARE LLC: Taps Rundell/Matthew of Alvarez & Marsal as Co-CROs ----------------------------------------------------------------- Omnicare, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Alvarez & Marsal North America, LLC to provide additional personnel and designate Paul Rundell and Matthew Frank as co-chief restructuring officers. The firm will render these services: (a) the Engagement Personnel in cooperation with the Chief Executive Officer (the "CEO") or other applicable officers of the Company, shall perform a financial review of the Company, including but not limited to a review and assessment of financial information that has been, and that will be, provided by the Company to its creditors, including without limitation its short and long-term projected cash flows and operating performance; (b) assist in the review/development of a 13-week cash flow forecast and longer-term cash flow forecasts; (c) assist the CEO and other Company engaged professionals to develop possible restructuring plans or strategic alternatives for the Debtors' board of managers' (the "Board") review; (d) coordinate and assist in contingency planning activities, and if a Chapter 11 is filed, assist with the monthly reporting requirements and preparation of the Schedules of Assets and Liabilities and Statements of Financial Affairs; (e) support the investment banker in its sale efforts; (f) the Co-CROs shall serve as the principal contacts with the Debtors' creditors with respect to the Debtors' financial and operational matters; (g) assist in the management and analysis required for the Debtors' debtor-in-possession financing facility; (h) assist in the identification and execution of cost reduction and operational improvement opportunities; (i) assist in various real estate rationalization initiatives; (j) assist in the discussions with and providing information to potential investors, secured lenders, official committees, and the Office of the United States Trustee for the Northern District of Texas, Dallas Division (the "U.S. Trustee") as deemed necessary and appropriate by the Debtors; (k) serve as the principal contact with the Debtors' key constituents/creditors with respect to financial and operational matters; and (l) perform such other services as requested or directed by the board of managers of the Company or other Company personnel as authorized by the Board, and agree to by A&M that is not duplicative of work others are performing for the Debtor. Alvarez & Marsal North America, LLC is a "disinterested person" as that term is defined by section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Paul Rundell Matthew Frank Alvarez & Marsal North America, LLC 700 Louisiana Street, Suite 3300 Houston, TX 77002 Tel: (713) 571-2400 Fax: (713) 547-3697 About Omnicare LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare. Stretto, Inc. serves as claims agent. ONDAS HOLDINGS: Completes Acquisition of Smart Precision Optics --------------------------------------------------------------- Ondas Holdings Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company completed the previously announced acquisition of Smart Precision Optics S.P.O LTD., a company organized under the laws of the State of Israel, pursuant to: (i) the Share Purchase Agreement, dated August 20, 2025 (the "SPA"), by and among the Company, SPO, Shamir Investment Entrepreneurship ACS LTD., an agricultural cooperative society organized under the laws of the State of Israel and (ii) the Side Letter, dated August 20, 2025, by and among the Company, SPO and Shamir. The Company previously disclosed the Agreement on the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on August 26, 2025. In accordance with the terms of the Agreement, the Company acquired: (i) 51% of the issued and outstanding share capital of SPO for an aggregate purchase amount of NIS20,000,000.00 (approximately US$5,946,805) and (ii) 51% of the outstanding capital notes of SPO for an aggregate purchase amount of NIS1.00 (approximately US$0.30). About Ondas Holdings Marlborough, Mass.-based Ondas Holdings Inc. provides private wireless data solutions through its subsidiary, Ondas Networks Inc., and commercial drone solutions through Ondas Autonomous Systems Inc. (OAS), which includes wholly owned subsidiaries American Robotics, Inc. and Airobotics LTD. OAS focuses on the design, development, and marketing of autonomous drone solutions, while Ondas Networks specializes in proprietary, software-based wireless broadband technology for both established and emerging commercial and government markets. Together, Ondas Networks, American Robotics, and Airobotics deliver enhanced connectivity, situational awareness, and data collection capabilities to users in defense, homeland security, public safety, and other critical industrial and government sectors. In an audit report dated March 12, 2025, the Company's auditor, Rosenberg Rich Baker Berman, P.A., issued a "going concern" qualification, citing that the Company has experienced recurring losses from operations, negative cash flows from operations and a working capital deficit as of Dec. 31, 2024. As of Dec. 31, 2024, Ondas Holdings had $109.62 million in total assets, $73.68 million in total liabilities, and $16.58 million in total stockholders' equity. As of June 30, 2025, the Company had $151.95 million in total assets, $39.29 million in total liabilities, and $90.82 million in total stockholders' equity. ONDAS HOLDINGS: OAS Extends Maturity of $5.2M Notes to January 2026 ------------------------------------------------------------------- Ondas Holdings Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that Ondas Autonomous Systems Inc., a subsidiary of the Company entered into that certain Letter Agreement, by and among OAS and the signatories thereto, pursuant to which the maturity date of each of the Notes was amended to January 1, 2026. As previously disclosed: (i) on October 10, 2024, OAS entered into that certain Securities Purchase Agreement, by and among OAS and a private investor group, including (i) Privet Ventures LLC, an entity affiliated with Eric Brock, Chairman and Chief Executive Officer of the Company and OAS, pursuant to which the private investor group purchased secured convertible promissory notes from OAS in the aggregate amount of $3.5 million, and (ii) on December 30, 2024, OAS entered into that certain Securities Purchase Agreement, by and among OAS and a private investor group, pursuant to which the private investor group purchased secured convertible promissory notes from OAS in the aggregate amount of $1.7 million. About Ondas Holdings Marlborough, Mass.-based Ondas Holdings Inc. provides private wireless data solutions through its subsidiary, Ondas Networks Inc., and commercial drone solutions through Ondas Autonomous Systems Inc. (OAS), which includes wholly owned subsidiaries American Robotics, Inc. and Airobotics LTD. OAS focuses on the design, development, and marketing of autonomous drone solutions, while Ondas Networks specializes in proprietary, software-based wireless broadband technology for both established and emerging commercial and government markets. Together, Ondas Networks, American Robotics, and Airobotics deliver enhanced connectivity, situational awareness, and data collection capabilities to users in defense, homeland security, public safety, and other critical industrial and government sectors. In an audit report dated March 12, 2025, the Company's auditor, Rosenberg Rich Baker Berman, P.A., issued a "going concern" qualification, citing that the Company has experienced recurring losses from operations, negative cash flows from operations and a working capital deficit as of Dec. 31, 2024. As of Dec. 31, 2024, Ondas Holdings had $109.62 million in total assets, $73.68 million in total liabilities, and $16.58 million in total stockholders' equity. As of June 30, 2025, the Company had $151.95 million in total assets, $39.29 million in total liabilities, and $90.82 million in total stockholders' equity. OSTENDO TECHNOLOGIES: Exclusivity Period Extended to Jan. 20, 2026 ------------------------------------------------------------------ Judge Victoria S. Kaufman of the U.S. Bankruptcy Court for the Central District of California extended Ostendo Technologies, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to January 20, 2026 and March 20, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that this is a complex case, involving numerous secured and unsecured creditors, more than $17 million of general unsecured debt, and complex intellectual property assets. At this time, there is a major case contingency pending that will impact the ultimate disposition of this case, involving the Debtor's pending marketing and sale process, which will not conclude earlier than November 7, 2025, and potentially months after November 7, 2025. The Debtor submits that this case contingency warrants an extension of the Debtor's plan exclusivity periods. The Debtor believes that the ultimate conclusion/result of the sale process will significantly affect the manner in which this case should proceed. The Debtor submits that these contingencies warrant an extension of the exclusivity periods. The Debtor asserts that it has undertaken to comply with a variety of its administrative obligations, including, preparing and providing to the United States Trustee the Debtor's compliance materials, and supplements thereto, preparing and filing its Schedules of Assets and Liabilities and related documents, attending an initial debtor interview and a section 341(a) meeting of creditors, and preparing and filing a case status report. The Debtor's sale process is pending and will not be completed until after the expiration of the current exclusive period for the Debtor to file a plan. The Debtor submits this factor weighs in favor of extending the Debtor's plan exclusivity periods. The Debtor further asserts that its request is being made in good faith and not for the purpose of pressuring creditors into acceding to certain plan terms. To the contrary, the Debtor is seeking to complete its sale process in order for a meaningful discussion and negotiation process to occur in connection with a plan. The Debtor submits that it would be premature to file a plan prior to the conclusion of the sale process and the closing of a sale of assets. Ostendo Technologies Inc. is represented by: Ron Bender, Esq. Levene, Neale, Bender, Yoo & Golubchik LLP 2818 La Cienega Avenue Los Angeles, California 90034 Telephone: (310) 229-1234 Facsimile: (310) 229-1244 E-mail: rb@lnbyg.com About Ostendo Technologies Inc. Ostendo Technologies, Inc. develops advanced display and imaging technologies, including micro-LED and quantum photonic imagers. It operates in the semiconductor sector and maintains facilities in California. Ostendo Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11111) on June 24, 2025. In its petition, the Debtor estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Victoria S. Kaufman handles the case. The Debtor tapped Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik, LLP as legal counsel and Sherwood Partners, Inc. as restructuring advisor. PALWAUKEE HOSPITALITY: Plan Exclusivity Period Extended to Nov. 30 ------------------------------------------------------------------ Judge David D. Cleary of the U.S. Bankruptcy Court for the Northern District of Illinois extended Palwaukee Hospitality LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to November 30, 2025 and February 1, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that the instant bankruptcy proceeding was filed under Chapter 11 of the Bankruptcy Code on February 23, 2025. The Debtor claims that the new requested extension dates of November 30, 2025, and February 1, 2026, are well within the time limitations set by Section 1121(d) of the Bankruptcy Code. The Debtor notes that the sale of its principal asset closed on May 14, 2025, and was funded on May 15, 2025. The extension of times for both deadlines will not prejudice any creditors or the United States Trustee. Palwaukee Hospitality, LLC is represented by: Paul M. Bach, Esq. Penelope N. Bach, Esq. Bach Law Offices, Inc. P.O. BOX 1285 Northbrook, IL 60062 Telephone: (847) 564 0808 About Palwaukee Hospitality LLC Palwaukee Hospitality LLC operates a hotel property located at 600 N. Milwaukee Avenue in Prospect Heights, Illinois. Palwaukee Hospitality LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-02685) on Feb. 23, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. Penelope N. Bach, Esq., at Bach Law Offices, is the Debtor's counsel. PARENT SUPPORT: Hires Indeglia & Associates as Bankruptcy Counsel ----------------------------------------------------------------- Parent Support Network of Rhode Island Inc. seeks approval from the U.S. Bankruptcy Court for the District of Rhode Island to hire Indeglia & Associates as counsel. The firm will render these services: a. provide legal advice regarding its powers and duties as Debtor in Possession in the continued operation of its business and management of its property; b. represent the Debtor in connection with matters as to its secured and unsecured creditors; c. represent the Debtor with regard to core and other adversary proceedings; d. represent the Debtor and assist with schedules, cash flows, monthly reporting and other financial operation and legal requirements; e. prepare necessary applications, answers, orders, reports and other legal papers; and f. perform all other legal services. The firm will be paid at these rates: Vicente A. Indeglia $500 per hour In a supplement filed by the Debtor, the counsel is providing a 20 percent discount, reducing Mr. Indeglia's rate to $400 per hour. Indeglia & Associates is a "disinterested person" as the term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Vincent Indeglia, Esq. Indeglia & Associates 931 Jefferson Boulevard, Suite 1006 Warwick, RI 02886 Telephone: (410) 88-9240 Facsimile: (410) 88-9241 Email: vincent@indeglialaw.com About Parent Support Network of Rhode Island Inc. Parent Support Network of Rhode Island Inc. is a nonprofit organization that provides free peer-based support, education, and advocacy services for parents and families in Rhode Island. It offers family peer support to those navigating mental health and substance use challenges, child welfare involvement, and the juvenile justice system, with services including parenting education, fatherhood support, family groups, and one-on-one assistance from trained Family Support Partners. The organization has been supporting families statewide for more than 30 years through a helpline, group programs, and community-based services. Parent Support Network of Rhode Island Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. R.I. Case No. 25-10775) on September 25, 2025. In its petition, the Debtor reports total assets of $90,680 and total liabilities of $1,250,945. Honorable Bankruptcy Judge John A Dorsey Jr. handles the case. The Debtor is represented by Russell D. Raskin, Esq. of RASKIN & BERMAN. PARK 54 RESTAURANT: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Park 54 Restaurant Group LLC 19 Pierce Street, Unit 1 Hyde Park, MA 02136 Business Description: Park 54 Restaurant Group LLC, doing business as Park 54 Restaurant & Lounge, operates a full-service restaurant at 81 Fairmount Avenue in Hyde Park, Massachusetts, serving American, Southern, Caribbean, and soul cuisine with signature dishes such as chicken and waffles, shrimp and lobster grits, and Rasta pasta. The Company offers private event space through its upstairs "Oasis Room," accommodating up to 50 guests for gatherings including birthdays and repass services. Founded by Hyde Park resident Tasha Hull, Park 54 emphasizes a community-oriented dining experience inspired by the 54th Massachusetts Volunteer Infantry, the first African American regiment to serve in the Civil War. Chapter 11 Petition Date: October 10, 2025 Court: United States Bankruptcy Court District of Massachusetts Case No.: 25-12185 Judge: Hon. Christopher J. Panos Debtor's Counsel: David B. Madoff, Esq. MADOFF & KHOURY LLP 124 Washington Street, Suite 202 Foxborough, MA 02035 Tel: 508-543-0040 Fax: 508-543-0020 Email: alston@mandkllp.com Total Assets: $627,265 Total Liabilities: $1,837,756 The petition was signed by Tasha Hull as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Y6UPMFI/Park_54_Restaurant_Group_LLC__mabke-25-12185__0001.0.pdf?mcid=tGE4TAMA PEPPER PALACE: Saratoga Investment Marks $1MM Loan at 46% Off ------------------------------------------------------------- Saratoga Investment Corp. has marked its $1,000,000 loan extended to Pepper Palace, Inc. to market at $543,100 or 54% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended August 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a Revolving Credit Facility Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace Inc. provides packaged food. The Company offers marinades, wing sauces, seasonings, rubs, pickled goods, dip mixes, jellies, and other pepper-themed items. Pepper Palace serves customers worldwide. PEPPER PALACE: Saratoga Investment Marks $2.4MM Loan at 46% Off --------------------------------------------------------------- Saratoga Investment Corp. has marked its $2,400,000 loan extended to Pepper Palace, Inc. to market at $1,303,440 or 54% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended August 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a First Lien Term Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace Inc. provides packaged food. The Company offers marinades, wing sauces, seasonings, rubs, pickled goods, dip mixes, jellies, and other pepper-themed items. Pepper Palace serves customers worldwide. PRO ROOFING: Seeks to Hire Herrin Law PLLC as Bankruptcy Counsel ---------------------------------------------------------------- Pro Roofing and Construction, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to hire Herrin Law, PLLC as counsel. The firm's services include: a. providing legal advice with respect to his powers and duties as debtor-in-possession; b. preparing and pursuing confirmation of a plan and approval of a disclosure statement; c. preparing on behalf of the Debtors necessary applications, motions, answers, orders, reports and other legal papers; d. appearing in Court and protecting the interests of the Debtor before the Court; and e. performing all other legal services for the Debtor which may be necessary and proper in these proceedings. The firm will be paid at these rates: Manolo Raphael Santiago, Esq. $400 per hour C. Daniel C. Herrin, Esq. $500 per hour Attorneys $300 per hour Paralegals $125 to 175 per hour Prior to the filing of this case, the Debtor paid the firm the amount of $15,000 as retainer. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Manolo Raphael Santiago, Esq. a managing partner at Herrin 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: C. Daniel Herrin, Esq. Herrin Law, PLLC 12001 N. Central Expy, Suite 920 Dallas, TX 75243 Tel: (469) 607-8551 Fax: (214) 722-0271 About Pro Roofing and Construction, LLC Pro Roofing and Construction, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-4294) on Oct. 1, 2025, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Daniel Herrin, Esq. at Herrin Law, PLLC represents the Debtor as counsel. PROFESSIONAL DIVERSITY: Names Patrick Wong as Independent Director ------------------------------------------------------------------ Professional Diversity Network, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board of Directors, upon the recommendation of the Company's Nominating and Governance Committee, appointed Mr. Sze Lok Patrick Wong as a new independent director to fill one of the newly created vacancies, effective immediately. The Board has affirmatively determined that Mr. Wong qualifies as an independent director under the listing standards of the Nasdaq Stock Market. In connection with his appointment, Mr. Wong was also appointed to serve as the chairman of the Audit Committee of the Board. Mr. Sze Lok Patrick Wong, age 52, has over 20 years of management experience with extensive expertise in auditing, internal control, accounting, and corporate governance. He is currently an independent non-executive director of TBK & Sons Holdings Limited (HKSE: 1960), Aowei Holding Limited (HKSE: 1370), Cocoon Holdings Limited (HKSE: 428), China e-Wallet Payment Group Limited (HKSE: 802), and IVD Medical Holding Limited (HKSE:1931), and serves as company secretary of Wai Hung Group Holdings Limited (HKSE:3321). He previously served as Chief Financial Officer of Oranco, Inc. (OTC: ORNC) and Century Entertainment International Holdings Limited (HKSE: 959), and as company secretary of Unitas Holdings Limited (HKSE:8020). Earlier in his career, Mr. Wong held senior management positions at Crowe Horwath and served as Head of Internal Audit at Intac International Company (NASDAQ: INTN). He is a Fellow of the Institute of Chartered Accountants in England and Wales and the Hong Kong Institute of Certified Public Accountants, and a Certified Information Systems Auditor. Mr. Wong holds a Bachelor of Accounting with honors from The Hong Kong Polytechnic University, a Master of Management from Macquarie Graduate School of Management, and an Executive Doctor of Business Administration from Sabi University. The Board has also determined that Mr. Wong qualifies as an "audit committee financial expert" as defined in Item 407(d)(5) of Regulation S-K. There is no arrangement or understanding between Mr. Wong and any other person pursuant to which he was selected as a director. There are no family relationships between Mr. Wong and any director or executive officer of the Company. Since the beginning of the Company's last fiscal year, there have been no transactions, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which Mr. Wong or any member of his immediate family had or will have a direct or indirect material interest that would be required to be reported under Item 404(a) of Regulation S-K. In connection with his appointment, on October 2, 2025, Mr. Wong entered into an Independent Director Service Agreement and the Company's standard form of indemnification agreement for its directors. Pursuant to the Company's non-employee director compensation program, as described in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on May 1, 2025, Mr. Wong will be entitled to receive: (i) a monthly retainer fee of $2,500 and (ii) reimbursement of reasonable expenses documented and incurred by you in connection with the performance of duties The foregoing description is qualified in its entirety by reference to the full text of the Director Agreement and the Director and Executive Officer's Indemnification Agreement, which are available at https://tinyurl.com/yeue8ud8 and https://tinyurl.com/2mr7epr9, respectively. About Professional Diversity Professional Diversity Network, Inc., headquartered in Chicago, Illinois, operates online and in-person professional networks with a focus on diversity, employment, and career development. The Company serves women, ethnic minorities, military professionals, persons with disabilities, LGBTQ+ individuals, and students transitioning into the workforce through its technology platform. It runs three business segments: TalentAlly Network, which provides job-seeking communities and career resources for diverse groups and employers; NAPW Network, a women-only professional networking organization; and RemoteMore, a service connecting global companies with software developers. In its audit report dated March 31, 2025, Sassetti LLC issued a "going concern" qualification citing that the Company has incurred recurring operating losses, has a significant accumulated deficit, and will need to raise additional funds to meet its obligations and the costs of its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company had an accumulated deficit of $103,612,710 at June 30, 2025. During the six months ended June 30, 2025, the Company generated a loss from continuing operations, net of tax, of $1,233,147. During the six months ended June 30, 2025, the Company used cash in continuing operations of $779,651. At June 30, 2025, the Company had a cash balance of $125,081. Total revenues were $3,146,076 and $3,417,302 for the six months ended June 30, 2025 and 2024, respectively. The Company had a working capital deficit from continuing operations of $1,919,261 at June 30, 2025 and a working capital from continuing operations of $270,695 at Dec. 31, 2024. The Company stated it is keeping a close watch on operating expenses and capital needs, noting that management is working to cut costs through staff reductions, renegotiating with certain vendors, and using technology to lessen manual work in routine tasks. It cautioned that if these efforts are not enough, it may have to sell other assets or shut down certain business lines. As of June 30, 2025, the Company reported $7.33 million in total assets, $3.49 million in total liabilities, and $3.84 million in total stockholders' equity. PROPEL SCHOOLS: S&P Affirms 'BB+' Rating on Revenue Bonds --------------------------------------------------------- S&P Global Ratings affirmed its 'BB+' rating on Allegheny County Industrial Development Authority, Pa.'s series 2013 charter school revenue bonds, issued on behalf of School Facilities Development Inc. (SFD) for Propel Schools-Braddock Hills. The outlook is stable. S&P said, "We consider the school's environmental and social factors as neutral in our credit rating analysis. We view the school as having elevated governance risk, given its history of protracted and ongoing unresolved charter renewals. Because charter schools are required to have and to maintain a charter contract to operate, we believe this is a fundamental credit risk. "The stable outlook reflects our expectation that the school will sustain steady demand and enrollment levels, supporting positive operations and sufficient lease-adjusted MADS coverage. The stable outlook also reflects our expectation that liquidity will not weaken materially beyond what is currently projected for fiscal 2025. "We could take a negative rating action if the school's liquidity profile weakens such that it is no longer sufficient for the rating level, or if financial performance deteriorates because of funding or cost pressures, such that it does not provide sufficient lease-adjusted MADS coverage. While it is our understanding that charter revocation is unlikely, we could also lower the rating if any Propel charters are not renewed or revoked, weakening the credit profile of the combined Propel network. "We could take a positive rating action if the network continues to demonstrate improvement on successful and timely charter renewals, which we believe would indicate an overall improvement in its working relationship with its various authorizers strengthening its overall enterprise profile. A positive rating action would also hinge on Propel's ability to continue generating positive operations and sufficient lease-adjusted MADS coverage, while strengthening its cash and liquidity profile to levels commensurate with a higher rating." QUORE GEM: Seeks to Hire Bilu Law PA as Bankruptcy Counsel ---------------------------------------------------------- Quore Gem Miracle LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Bilu Law, PA as counsel. The Debtor requires legal counsel to: (a) give advice with respect to the powers and duties of the Debtor in the continued management 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 papers; (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: Partner $500 per hour Associate Attorney $425 per hour Paralegal/Legal Assistant $250 per hour The Debtor agrees to deposit an initial retainer of $20,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Nicholas Rossoletti, Esq., an attorney at Bilu Law, 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: Nicholas G. Rossoletti, Esq. Bilu Law, PA 2760 W. Atlantic Blvd. Pompano Beach, FL 33069 Telephone: (954) 596-0669 Facsimile: (954) 427-1518 Email: nrossoletti@bilulaw.com About Quore Gem Miracle LLC Quore Gem Miracle, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21237) on September 25, 2025, listing up to $50,000 in assets and between $50,001 and $100,000 in liabilities. Nicholas G. Rossoletti, Esq., represents the Debtor as legal counsel. R&R TRANSPORT: Case Summary & 16 Unsecured Creditors ---------------------------------------------------- Debtor: R&R Transport Inc d/b/a Corporate Delivery Systems 1409 Brittmore Houston, TX 77043 Business Description: R & R Transport Inc., doing business as Corporate Delivery Systems, provides freight, hot shot, and route delivery services, as well as warehousing solutions, primarily in Houston, Texas. The Company specializes in urgent and scheduled shipments, offering both local and long-haul transportation to support businesses with time-sensitive delivery needs. It has been operating in the logistics and courier industry since 1990. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Southern District of Texas Case No.: 25-36036 Debtor's Counsel: Richard L Fuqua, II, Esq. FUQUA & ASSOCIATES, P.C. 8558 Katy Fwy Suite 119 Houston TX 77024 Tel: (713) 960-0277 Email: RLFuqua@fuqualegal.com Total Assets: $930,384 Total Debts: $1,261,694 Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Randy Russell as president. 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/C3VBOTQ/RR_Transport_Inc__txsbke-25-36036__0001.0.pdf?mcid=tGE4TAMA R&R TRANSPORT: Seeks Subchapter V Bankruptcy in Texas ----------------------------------------------------- On October 9, 2025, R&R Transport & Logistics LLP filed Chapter 11 protection in the Southern District of Texas. According to court filing, the Debtor reports $1,489,420 in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About R&R Transport & Logistics LLP R&R Transport & Logistics LLP provides courier, delivery, and logistics services specializing in the transportation of parcels and freight. The company operates from Houston, Texas, serving clients across regional and interstate routes through its fleet of trucks and delivery vehicles. R&R Transport & Logistics LLP sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-36034) on October 9, 2025. In its petition, the Debtor reports total assets of $1,124,622 and total debts of $1,489,420. The Debtor is represented by Richard L Fuqua, II, Esq. ofFUQUA & ASSOCIATES, P.C. RANA REAL: Gets Interim OK to Use Cash Collateral Until Nov. 4 -------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, entered an interim order granting Rana Real Estate, LLC authority to use cash collateral. In its interim order, the court ruled that rents, cash and receivables generated by the Debtor's business constitute cash collateral under Section 363(a) of the Bankruptcy Code. The court authorized the Debtor to use cash collateral through November 4 for ordinary business expenses in accordance with its budget. These expenses exclude pre-bankruptcy debts, officer salaries, professional fees, or insider payments, which require separate approval. The Debtor must remain current on ordinary business expenses before any such future payments are allowed. As adequate protection, the court granted replacement liens to the lenders on all post-petition property of the same type, nature, and priority as their pre-bankruptcy collateral, including cash accounts, receivables, and other post-petition assets. Additionally, the Debtor was authorized to make monthly payments of $2,000 to TVC Funding III, LLC for the Calistoga property and $2,500 for the Yountville property, beginning November 1. The court further required the Debtor to maintain full insurance coverage on all collateral and promptly provide proof of coverage to the lenders upon request. The Debtor's authority to use cash collateral will automatically end upon occurrence of so-called termination events including conversion or dismissal of its Chapter 11 case, and termination of business operations. As of September 17, the Debtor owed $594,300 to Kiavi Funding, Inc. and more than $1.34 million to TVC on two loans. A copy of the interim order and the Debtor's budget is available at https://shorturl.at/oJNoZ from PacerMonitor.com. About Rana Real Estate LLC Rana Real Estate LLC owns three properties in Gainesville and Kissimmee, Florida, with a total appraised value of approximately $1.98 million. Rana Real Estate LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05881) on September 17, 2025. Honorable Bankruptcy Judge Grace E. Robson handles the case. The Debtor is represented by Bryan K. Mickler, Esq. at the Law Offices of Mickler & Mickler LLP. RAZZOO'S INC: Seeks to Sell Dining Business at Auction ------------------------------------------------------ Razzoo's, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell Assets auction, free and clear of liens, claims, interests, and encumbrances. Since 1991, Razzoo's has delivered a mix of Cajun culture, bold bayou cuisine, and an upbeat atmosphere to guests across multiple states. Bolstered by positive cash flow and customer enthusiasm for the concept, Razzoo's grew to six total locations by 1996, 14 total locations by 2001, and reached a peak of 24 locations across Texas, North Carolina and Oklahoma. For over thirty years, the Debtors have served soulful Cajun food to loyal guests and have demonstrated their ability to succeed in the casual dining space. Various factors have led the Debtors to commence these Chapter 11 Cases. Most significantly, the Debtors have experienced a decline in sales in recent years due, in large part, to (i) shifts in spending habits following the COVID-19 pandemic and consumer preferences for more delivery, convenience and affordability; (ii) general market conditions and macroeconomic factors like inflation and higher interest rates which have left many consumers opting to "trade down" to fast-casual or quick-service restaurants in order to stretch their budgets; and (iii) heavy media presence and discounting from competitors in the casual dining space. As a result of the declining sales volumes, the Debtors’ long-term lease obligations became increasingly burdensome on their liquidity situation with a sizeable portion of their monthly cash flow dedicated to rent. Despite the benefits realized from ongoing costsaving initiatives implemented by their experienced management team, the Debtors’ liquidity situation left them unable to service the ongoing lease obligations, ordinary course trade payables, and the prepetition secured debt obligations owed to First Horizon Bank. The Debtors have since closed four underperforming locations and now operate 20 free-standing and end cap locations. With a strong geographic foothold in the state of Texas, the Debtors believe that the Razzoo's brand remains well-positioned for additional expansion throughout the Southeast. The Debtors commenced these voluntary Chapter 11 Cases to effectuate the Sale or financing transactions that will be necessary to reorganize their financial affairs, preserve thousands of jobs, and ensure that Razzoo's continues providing guests with the highest quality Cajun cuisine and hospitality. The Debtors will consider bids for all Assets, as well as partial "Lot" bids for certain Assets to the extent such bids, when taken together, will maximize value to the Debtors' estates. The Debtors request that they be authorized, but not directed, to select a bidder to act as a stalking horse and to enter into an asset purchase agreement with such Stalking Horse Purchaser for the Sale of the Assets. All parties in interest will have five days from service of the Stalking Horse Selection Notice to file objections to the designation of the Stalking Horse Purchaser or any of the terms of the Stalking Horse Agreement, including to any of the proposed Bid Protections. The Bidding Procedures contemplate the following schedule, subject to Court approval and modification as necessary, in connection with consummating the Sale Transaction(s) for the Debtors’ Assets, as applicable: -- Stalking Horse Designation Deadline: December 15, 2025 -- Stalking Horse Objection Deadline: Five days after the Debtors file a Stalking Horse Selection Notice -- Bid Deadline: January 5, 2026 at 5:00 p.m. (prevailing Central Time) -- Qualified Bids Determined: January 7, 2026 at 10:00 a.m. (prevailing Central Time) -- Auction Date: January 9, 2026 at 10:00 a.m. (prevailing Central Time) -- Sale Hearing Date: Subject to Court availability and approval of the Sale Hearing date The Debtors seek to sell substantially all of their Assets, as well as assume and assign certain executory contracts and unexpired leases in connection with such Sale. The Debtors believe that good cause exists to pursue Sale Transactions and sell the Assets to a Stalking Horse Purchaser, or if applicable, other Winning Bidder after conducting an Auction. The Debtors submit that the Bidding Procedures attached to the proposed Bidding Procedures Order will afford interested parties a reasonable opportunity to evaluate whether to submit a bid for the Assets. About Razzoo's, Inc. Razzoo's, Inc. operates a chain of casual dining restaurants that specialize in Cajun-inspired cuisine and Louisiana-style dishes across Texas, North Carolina, and Oklahoma. Founded in 1991 in Dallas, Texas, the Company has expanded to multiple locations offering a menu that includes seafood, fried specialties, and traditional Cajun items such as boudin balls, Rat Toes, and alligator tail. The restaurants are known for combining bold bayou flavors with a lively atmosphere that reflects Cajun culture and tradition. Razzoo's, Inc. in Addison, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 25-90522) on Sept. 30, 2025, listing as much as 10 million to $50 million in both assets and liabilities. Philip Parsons, CEO of the Debtor, signed the petition. Judge Alfredo R Perez oversees the case. OKIN ADAMS BARTLETT CURRY LLP serve as the Debtor's legal counsel. DONLIN, RECANO & COMPANY, LLC as claims and noticing agent. STOUT CAPITAL, LLC as investment banker. STOUT RISIUS ROSS, LLC as financial advisor. RED ROCK: Seeks to Extend Plan Exclusivity to January 5, 2026 ------------------------------------------------------------- Red Rock Mega Storage LLC asked the U.S. Bankruptcy Court for the District of Nevada to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to January 5, 2026 and March 5, 2026, respectively. The Debtor explains that an analysis of the nine-factors in this case establishes sufficient cause exists to extend Debtor's exclusivity rights by 60-days: * Size and complexity of the case: While this is not a particularly large case, there are some complex issues involved. For one, the Debtor is in the middle of construction a large storage facility, but needs additional capital to complete construction. The Debtor needs more time to finalize a DIP loan, which will allow Debtor to move forward with construction and increase the value of its property. Debtor is hopeful RFT will decide to make a DIP loan, but will need more time to explore this possibility. * Necessity for time to negotiate a plan: Debtor is also hopeful it can negotiate a consensual plan of reorganization. However, Debtor needs to have funding lined up to construction Buildings D, E, F and L before moving towards negotiating plan terms. * Good faith progress toward reorganization: Debtor has proceeded in good faith and attempted to make progress towards reorganization. Debtor believes the first step to move forward is to finalize DIP funding to complete construction of Buildings D, E, F and L. While this took longer than may have been expected, progress has been made and Debtor expects it will file a motion to approve a DIP loan in a matter of weeks. * The Debtor has demonstrated reasonable prospects for filing a viable plan: Debtor can file a viable plan. Debtor has the ability to increase the value and income from its project in order to pay all of its creditors in full. * The Debtor is not seeking an extension of exclusivity in order to pressure creditors: Debtor's request to extend exclusivity is in no way an effort to pressure creditors to submit to the debtor's reorganization demands. Debtor is working to address issues that must be resolved before a plan can be filed. * Unresolved contingency exist in this case: There is at least one major unresolved contingency in this case, being the Debtor's need for funding to complete construction. The Debtor's Counsel: Kevin A. Darby, Esq. DARBY LAW PRACTICE 499 W. Plumb Lane, Suite 202 Reno, NV 89509 Tel: 775-322-1237 Fax: 775-996-7290 E-mail: kevin@darbylawpractice.com About Red Rock Mega Storage Red Rock Mega Storage, LLC operates a storage facility offering a range of unit sizes, including climate-controlled spaces and enclosed units for RV and boat storage. It serves customers in Reno, Nevada, with 24/7 access and on-site amenities. Red Rock Mega Storage sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-50549) on June 17, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Judge Hilary L. Barnes oversees the case. Kevin A. Darby, Esq., at Darby Law Practice, Ltd., is the Debtor's bankruptcy counsel. Rodney Family Trust, as lender, is represented by Amy N. Tirre, Esq. at Law Offices of Amy N. Tirre, A Professional Corporation. RENHURST HOLDINGS: Seeks to Hire Rochelle McCullough as Counsel --------------------------------------------------------------- Renhurst Holdings, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Rochelle McCullough, LLP as counsel. The firm's services include: a. advising the Debtors with respect to rights, powers and duties as Debtors continue to operate and manage the business of the Debtors; b. advising the Debtors concerning, and assisting in the negotiation and documentation of, agreements, debt restructuring, and related transactions; c. monitoring transactions proposed by the parties in interest during the course of this case and advising the Debtors regarding the same; d. reviewing the nature and validity of liens asserted against the property of the Debtors and advising the Debtors concerning the enforceability of such liens; e. advising the Debtors concerning the actions that might be taken to collect and to recover property for the benefit of the Debtors' estate; f. reviewing and monitoring the Debtors' ongoing business; g. preparing on behalf of the Debtors all necessary and appropriate applications, motions, pleadings, draft orders, notices and other documents, and reviewing all financial and other reports to be filed in this chapter 11 case; h. advising the Debtors concerning, and preparing responses to, applications, motions, pleadings, notices and other papers that may be filed and served in this chapter 11 case; i. advising the Debtors in connection with any suggested or proposed plan(s) of reorganization; j. counseling the Debtors in connection with the formulation, negotiation and promulgation of a plan of reorganization; and k. performing all other legal services for and on behalf of the Debtors that may be necessary or appropriate in the administration of this chapter 11 case. ROMC will be compensated based on these hourly rates: Partners $650 to $900 Associates $350 to $400 Paraprofessionals $225 The firm received a $25,214 retainer. According to court filings, Rochelle McCullough LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph F. Postnikoff, Esq. ROCHELLE MCCULLOUGH, LLP 300 Throckmorton, Suite 520 Fort Worth, TX 76102 Telephone: (817) 347-5260 Facsimile: (817) 347-5269 Email: jpostnkoff@romclaw.com About Renhurst Holdings, Inc. Renhurst Holdings, Inc. manages real estate for others and provides property appraisal services and is classified as a single-asset real estate debtor under 11 U.S.C. Section 101(51B). Renhurst Holdings, Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43905) on Oct. 7, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Qasim Saeed as president. Judge Edward L Morris presides over the case. Joseph Fredrick Postnikoff, Esq. at ROCHELLE MCCULLOUGH, LLP represents the Debtor as counsel. RHEUMATOLOGY WELLNESS: Gets Final OK to Use Cash Collateral ----------------------------------------------------------- Rheumatology Wellness Care of WNY, PLLC received final approval from the U.S. Bankruptcy Court for the Western District of New York to use cash collateral to fund operations. The court's final order authorized the Debtor to use cash collateral through December 31 in accordance with its budget. The Debtor projects total operational expenses of $114,965 for the period from October 6 to 31, $130,470 for November, and $130,470 for December. As adequate protection, M&T Bank and other creditors holding pre-bankruptcy liens will be granted roll-over or replacement liens on the same assets that served as their pre-bankruptcy collateral. As additional protection, M&T Bank will continue to receive a monthly cash payment of $3,561.78 from the Debtor. The Debtor may continue using cash collateral beyond December 31 in successive three-month periods if it files updated budgets before each period ends. The order required the Debtor to notify counsel for secured creditors if any extraordinary or unbudgeted expenses arise. Authority to use cash collateral terminates automatically if the Debtor's bankruptcy case converts to Chapter 7. As of the petition date, the Debtor reported secured debt to M&T Bank in the approximate amount of $145,000, secured by a first lien on all of its personal property; and to Kapitus LLC in the approximate amount of $308,048, secured by a second lien. However, the Debtor estimates that the total liquidation value of its assets is only around $116,000, and it believes that the Kapitus lien is wholly unsecured due to insufficient collateral value. M&T Bank, as secured creditor, may be reached through: Marjorie A. Bialy, Esq. M&T Bank One M&T Plaza, 8th Floor Buffalo, NY 14203 Telephone: (716) 842-2301 Facsimile: (716) 842-5376 mbialy@mtb.com About Rheumatology Wellness Care of WNY Rheumatology Wellness Care of WNY, PLLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.Y. Case No. 25-11089) on September 15, 2025. In the petition signed by Mary Margaret O'Neil, MD, managing member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Carl L. Bucki oversees the case. Arthur G. Baumeister, Jr., Esq., at Baumeister Denz LLP, represents the Debtor as legal counsel. ROCKFORD SILK: Seeks to Hire Springer Larsen LLC as Attorney ------------------------------------------------------------ Rockford Silk Screen Process, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Springer Larsen, LLC as its attorneys. The firm will render these services: (a) consult with the Debtor concerning its powers and duties in the continued operation of its business and management of its financial and legal affairs; (b) consult with the Debtor and with other professionals concerning the negotiation, formulation, preparation, and prosecution of a Chapter 11 plan and disclosure statement; (c) confer and negotiate with the Debtor's creditors, other parties in interest, and their respective attorneys and other professionals concerning its financial affairs and property, Chapter 11 plans, claims, liens, and other aspects of this case; (d) appear in court on behalf of the Debtor when required, and will prepare, file, and serve such applications, motions, complaints, notices, orders, reports, and other documents and pleadings as may be necessary in connection with this case; and (e) provide the Debtor with such other services as it may request and which may be necessary in the circumstances. The firm's professionals will be paid at these hourly rates: Thomas Springer, Attorney $475 Richard Larsen, Attorney $465 ` The firm received a pre-petition retainer of $25,000 from the Debtor. Mr. Larsen disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Richard G. Larsen, Esq. Springer Larsen, LLC 300 South County Farm Rd., Suite G Wheaton Illinois 60187 Telephone: (630) 510-0000 Email: rlarsen@springerbrown.com About Rockford Silk Screen Process Inc. Rockford Silk Screen Process, Inc. operates a custom printing business from 6201 Material Avenue, Loves Park, Illinois, providing silk screen, digital, and large-format printing services. The Company serves corporate and franchise clients across North America, offering products including decals, nameplates, electronic overlays, signage, and fleet graphics, and supports project management, creative design, and installation for vehicle fleets. With over 40 years of experience in the print industry, Rockford Silk Screen Process utilizes both traditional and advanced printing technologies from its 100,000+ square foot facility. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-81268) on September 17, 2025. In the petition signed by Jason Yost, president, the Debtor disclosed $3,339,844 in assets and $6,456,627 in liabilities. George P. Hampilos, Esq., at Hampilos & Associates, Ltd., is the Debtor's legal counsel. SARATOGA INVESTMENT: Saratoga Marks $9.3MM Loan at 86% Off ---------------------------------------------------------- Saratoga Investment Corp. has marked its $9,375,000 loan extended to Saratoga Investment Corp. CLO 2013-1, Ltd. to market at $1,303,125 or 14% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended August 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a Other/Structured Finance Securities Loan to Saratoga Investment Corp. CLO 2013-1, Ltd. The loan accrues interest at a rate of 14.43% PIK payment in kind per annum. The loan matures on April 20, 2033. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Saratoga Investment Corp. CLO 2013-1, Ltd. The Saratoga CLO is an investment company that invests primarily in senior secured first lien term loans. SASAS HOSPITALITY: Plan Exclusivity Extended to March 30, 2026 -------------------------------------------------------------- Judge David D. Cleary of the U.S. Bankruptcy Court for the Northern District of Illinois extended SASAS Hospitality LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to March 30, 2026 and April 30, 2026, respectively. As shared by Troubled Company Reporter, the Debtor claims that the instant bankruptcy proceeding was filed under Chapter 11 of the Bankruptcy Code on March 10, 2025. This is the Debtor's first request to extend exclusivity under Section 1121(d) of the Bankruptcy Code. The requested extension dates of March 30, 2026, and April 30, 2026, are within the time limitations set by Section 1121(d) of the Bankruptcy Code. The Debtor explains that it has been working towards achieving a plan that is acceptable to creditors and will provide the most benefit to the Bankruptcy Estate. To achieve this goal, the Debtor requires additional time to retain professionals and work with creditors. The Debtor asserts that the extension of time will not prejudice any creditors or the United States Trustee. SASAS Hospitality, LLC is represented by: Paul M. Bach, Esq. Penelope N. Bach, Esq. Bach Law Offices, Inc. P.O. Box 1285 Northbrook, IL 60062 Telephone: (847) 564 0808 About SASAS Hospitality LLC SASAS Hospitality, LLC, is a hospitality company that owns a property at 5105 S Howell Ave, Milwaukee, Wis. SASAS Hospitality filed a Chapter 11 petition (Bankr. N.D. Ga. Case No. 25-03643) on March 10, 2025, listing between $1 million and $10 million in both assets and liabilities. Judge Jacqueline P. Cox handles the case. Paul M. Bach, Esq., at Bach Law Offices is the Debtor's bankruptcy counsel. Albany Bank & Trust Company, as secured creditor, is represented by: David A. Golin, Esq. Saul Ewing, LLP 161 North Clark Street, Suite 4200 Chicago, IL 60601 Phone: (312) 876-7100 E-mail: david.golin@saul.com SCHAEFER RECOGNITION: Seeks Subchapter V Bankruptcy in Arizona -------------------------------------------------------------- On October 10, 2025, Schaefer Recognition & Media Group LLC voluntarily filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Arizona, under case number #25-09689. The filing disclosed assets valued between $0 and $100,000 and liabilities between $100,001 and $1 million, involving 1 to 49 creditors. About Schaefer Recognition & Media Group LLC Schaefer Recognition & Media Group LLC is a limited liability company. Schaefer Recognition & Media Group LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09689) on October 10, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Daniel P. Collins handles the case. The Debtor is represented by Patrick F. KEERY, Esq. of KEERY MCCUE, PLLC. SCHILLER PARK: Plan Exclusivity Period Extended to Nov. 30 ---------------------------------------------------------- Judge David D. Cleary of the U.S. Bankruptcy Court for the Northern District of Illinois extended Schiller Park Hospitality LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to November 30, 2025 and February 1, 2026, respectively. As shared by Troubled Company Reporter, the Debtor notes that the instant bankruptcy proceeding was filed under Chapter 11 of the Bankruptcy Code on January 30, 2025. The Debtor explains that the new requested extension dates of November 30, 2025, and February 1, 2026, are well within the time limitations set by Section 1121(d) of the Bankruptcy Code. The Debtor claims that the sale of its principal asset closed on September 26, 2025 and was funded on September 29, 2025. The extension of times for both deadlines will not prejudice any creditors or the United States Trustee. Schiller Park Hospitality, LLC: Paul M. Bach, Esq. Penelope N. Bach, Esq. Bach Law Offices, Inc. P.O. BOX 1285 Northbrook, IL 60062 Telephone: (847) 564 0808 About Schiller Park Hospitality Schiller Park Hospitality, LLC, a company in Skokie, Ill., filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-01447) on January 30, 2025, listing between $10 million and $50 million in both assets and liabilities. The petition was signed by Amin Amdani as managing member. Judge David D Cleary oversees the case. The Debtor is represented by Paul M. Bach, Esq., at Bach Law Offices. CRE Bridge Capital, LLC, as lender, is represented by Harold D. Israel, Esq. of Levenfeld Pearlstein, LLC. SF OAKLAND: Taps Scrubbed.net Global Services as Financial Advisor ------------------------------------------------------------------ SF Oakland Bay, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Scrubbed.net Global Services, Inc. as financial advisors. Scrubbed is familiar with the Debtor's business, having first been retained in July, 2025, to assist with financial advice regarding the debtor's financial difficulties and the preparation of budgets and projections for use in a possible bankruptcy. In mid-September, the Debtor decided that it would be in the best interest of the estate to continue to use Scrubbed meetings with the US trustee, assist in preparation of monthly operating reports, and preparation of revisions and updates to budget and cash flow forecasts. The Debtor has agreed to pay Scrubbed $150 per hour for its time, for the services of Aira Pineda and Miguel Trinidad, who work in Scrubbed's Philippine office. As disclosed in the court filings, Scrubbed.net does not hold or represent any interest adverse to the estate, or represent any entity having an adverse interest in connection with this case, and is a "disinterested person" as defined in 11 U.S.C. Sec. 101(14). The firm can be reached through: Lynaira Pineda Miguel Trinidad Scrubbed.net Global Services, Inc. One Sansome St Suite 3500, PMB 6006 San Francisco, CA 94104 Phone: (800) 837-5160 Email: support@scrubbed.net About SF Oakland Bay LLC SF Oakland Bay, LLC operates a parking garage located at 401 Main Street/38 Bryant Street in San Francisco, which serves nearby condominiums, offices, and residences. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-30699) on September 3, 2025, listing up to $10 million in assets and liabilities. Judge Hannah L. Blumenstiel oversees the case. Peter Hadiaris, Esq., at the Law Office of Peter N. Hadiaris, represents the Debtor as bankruptcy counsel. SHEPHERD BROTHERS: Case Summary & 16 Unsecured Creditors -------------------------------------------------------- Debtor: Shepherd Brothers Woodlands LLC 6860 HWY 96 Irwinton, GA 31042 Business Description: Shepherd Brothers Woodlands LLC provides timber management and forestry services from its base in Irwinton, Georgia. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Middle District of Georgia Case No.: 25-51620 Judge: Hon. Robert M Matson Debtor's Counsel: Christopher W. Terry, Esq. BOYER TERRY LLC 348 Cotton Avenue, Suite 200 Macon, GA 31201 Tel: (478) 742-6481 Fax: (770) 200-9230 E-mail: Chris@boyerterry.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by David D. Shepherd as president and sole 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/K7LZUIA/Shepherd_Brothers_Woodlands_LLC__gambke-25-51620__0001.0.pdf?mcid=tGE4TAMA SHERLAND & FARRINGTON: Hires Eisner Advisory Group as Accountant ---------------------------------------------------------------- Sherland & Farrington, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Eisner Advisory Group LLC as accountant. The Debtor is requesting that Eisner provide these services: (a) preparation of the required corporate tax returns for which Eisner shall charge a "flat fee" of $12,500; and (b) preparation of monthly operating reports in connection with the chapter 11 bankruptcy case for which Eisner shall bill at its customary billing rates which are: Staff $250 per hour Senior Staff $300 per hour Manager $400 per hour; Partners $500 per hour. John Boykas, CPA, a member of Eisner, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: John Boykas, CPA Eisner Advisory Group LLC 733 3rd Ave. New York, NY 10017 Phone: (212) 949-8700 About Sherland & Farrington, Inc. Sherland & Farrington, Inc. provides commercial flooring services including consultation, design specification, renovation logistics and installation for corporate clients. The company has operated for more than five decades in the New York area, working with businesses on large-scale flooring projects. It is a founding member of Fuse Alliance, a network of independent flooring contractors. Sherland & Farrington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73272) on August 26, 2025. In its petition, the Debtor reported total assets of $3,165,506 and total liabilities of $7,917,185. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtor is represented by Fred S. Kantrow, Esq., at The Kantrow Law Group, PLLC. SHIPWRECK TREASURE: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Shipwreck Treasure Ventures Corp. received interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, to use cash collateral to fund operations. The interim order authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the Subchapter V trustee, and current and necessary operating expenses outlined in its budget. This authorization will continue until further hearing. The budget projects total operational expenses of $20,005. Secured creditors will be granted a replacement lien on the Debtor's post-petition property, with the same validity, priority and extent as their pre-bankruptcy lien. The next hearing is scheduled for November 3. The Debtor's cash collateral includes revenue, which it uses to fund ongoing business operations. Four merchant cash advance lenders assert an interest in the cash collateral: LCF Group (approximately $5,000), JRG Funding (approximately $50,000), Merchant's Cash Group (approximately $65,000), and High Octane Funding (approximately $15,000). These lenders have pre-petition liens on all of the Debtor's assets and receivables. About Shipwreck Treasure Ventures Corp. Shipwreck Treasure Ventures Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-03374) on September 23, 2025, with up to $50,000 in assets and between $100,001 and $500,000 liabilities. Thomas C. Adam, Esq., at Adam Law Group, P.A. represents the Debtor as bankruptcy counsel. SHPS LLC: Gets Interim OK to Use Cash Collateral Until Dec. 31 -------------------------------------------------------------- SHPS PLLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, to use cash collateral to fund operations. The interim order authorized the Debtor to use the cash collateral of Virtual Radiologic Professionals of Illinois, S.C. (vRAD) to fund the expenditures listed in its budget through December 31, or until a termination event occurs. The budget projects total operational expenses of $652,343.55 for the period from October to December. As adequate protection, vRAD was granted senior priority replacement liens on all post-petition accounts, rents, and proceeds, to the same extent and priority as its pre-bankruptcy liens. These liens exclude funds required for U.S. Trustee fees and Chapter 5 avoidance action proceeds. The authority to use cash collateral automatically terminates upon dismissal or conversion of the Debtor's Chapter 11 case to one under Chapter 7; appointment of a bankruptcy trustee or examiner; or other defined termination events, with vRad retaining the right to waive such events. A copy of the interim order is available at https://is.gd/ys5N3X from PacerMonitor.com. A final hearing is scheduled for October 27. Objections must be filed by October 20. SHPS commenced its bankruptcy case on September 30 and is operating as debtor-in-possession. The bankruptcy filing was prompted by a failed $8 million contract with Ascension Hospital, whose IT systems collapsed shortly after the agreement began, preventing the debtor from billing for services and resulting in $3 million in lost revenue. This shortfall led to vendor defaults, including a lawsuit and a $667,810 judgment from vRad, which subsequently garnished the Debtor's only operating account, effectively paralyzing the business. As of the petition date, the Debtor had approximately $180,000 in cash and $1.6 million in collectible accounts receivable. About SHPS LLC SHPS LLC, doing business as Radiologist.com, provides onsite and teleradiology services from its facility in Frisco, Texas, offering expert imaging interpretations, consultations, and radiology management support. The Company leverages advanced imaging technology and AI to deliver precise diagnostic insights and partners with healthcare providers to enhance patient care. SHPS serves hospitals, clinics, and other healthcare professionals across its operational network. SHPS sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-43740) on September 30, 2025. In its petition, the Debtor reported estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Joseph Acosta, Esq., at Condon Tobin Sladek Thornton Nerenberg, PLLC. SINTX TECHNOLOGIES: Inks ATM Offering Deal With H.C. Wainwright --------------------------------------------------------------- SINTX Technologies, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC, as sales agent, to sell shares of its common stock, par value $0.01 per share from time to time, through an "at the market offering" program under which Wainwright will act as sales agent. The sales, if any, of the Shares made under the ATM Agreement will be made by any method permitted by law deemed to be an "at the market offering" as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including, without limitation, sales made directly on or through the Nasdaq Capital Market or on any other existing trading market for the Company's common stock. The Company will pay Wainwright a commission rate equal to 3.0% of the aggregate gross sales price from the sales of Shares pursuant to the ATM Agreement and has agreed to provide Wainwright with customary indemnification and contribution rights against certain liabilities, including liabilities under the Securities Act. The Company will also reimburse Wainwright for certain specified expenses in connection with entering into the ATM Agreement, including certain fees and out-of-pocket expenses of its legal counsel. The ATM Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto. The Company is not obligated to sell any of the Shares under the ATM Agreement and may at any time suspend solicitation and offers thereunder. No assurance can be given that the Company will sell any Shares under the ATM Agreement, or if the Company does, as to the price or amount of Shares that the Company will sell, or the dates on which any such sales will take place. The offering of Shares pursuant to the ATM Agreement will terminate on the termination of the ATM Agreement by either the Company or Wainwright, as permitted therein. The Company will designate the maximum amount of common stock to be sold through Wainwright in any placement under the offering. Subject to the terms and conditions of the ATM Agreement, Wainwright has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices and applicable law and regulations to sell on the Company's behalf all of the Shares requested to be sold by the Company. The Shares will be issued pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-274951) initially filed by the Company with the Exchange Commission on October 12, 2023, and declared effective by the SEC on November 27, 2023, and related prospectus supplements to be prepared and filed pursuant to Rule 424(b) from time to time in connection with the offer and sale of the Shares. A prospectus supplement, dated October 3, 2025, covering the offer and sale of the Shares having an aggregate offering price of $6,413,876 was filed with the SEC on the date hereof. H.C. WAINWRIGHT & CO., LLC may be reached through: Edward D. Silvera Chief Operating Officer 430 Park Avenue New York, N.Y. 10022 E-mail: notices@hcwco.com A full text copy of the ATM Agreement, is available at https://tinyurl.com/3b5e3auj About SINTX Technologies, Inc. SINTX Technologies, based in Salt Lake City, Utah, develops and manufactures advanced ceramic materials and components for medical and agribiotech applications. The Company specializes in silicon nitride, which has been used in human implants since 2008. SINTX has expanded into new markets through acquisitions and strategic partnerships. SINTX reported a net loss of $11.02 million in 2024, compared with $8.26 million in 2023, $12.04 million in 2022, and $9.31 million in 2021. As of March 31, 2025, the Company had $11.45 million in total assets, $5.36 million in total liabilities, and $6.09 million in total stockholders' equity. For the three months ended March 31, 2025, and 2024, the Company incurred a net loss of $2.3 million and $0.9 million, respectively, and used cash in operating activities of $1.3 million and $2.7 million, respectively. The Company had an accumulated deficit of $284 million and $282 million as of March 31, 2025, and Dec. 31, 2024, respectively. The Company said it will need significant additional capital to continue operations, advance research and development, obtain regulatory approvals, and build marketing and sales capabilities. Current capital resources are insufficient to complete development and commercialization of all product candidates. The Company stated in its Form 10-Q for the period ended March 31, 2025, that it has primarily financed operations through preferred and common stock issuances, with limited revenue from product sales. It expects to continue incurring operating losses and using cash in operations. The Company's ability to continue as a going concern depends on increasing sales, cutting costs, and securing additional funding. It added the timing and likelihood of achieving profitability or obtaining financing remain uncertain. SKYX PLATFORMS: John Campi Retires as Co-CEO -------------------------------------------- SKYX Platforms Corp. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that pursuant to the Company's succession and transition plan established when Lenny Sokolow joined as Co-Chief Executive Officer of the Company to accommodate John Campi's retirement plan, on and effective as of September 30, 2025, John Campi retired as Co-Chief Executive Officer of the Company. Leonard Sokolow will continue in his role and as Chief Executive Officer of the Company. John Campi is also an investor in SKYX, will remain a shareholder of the Company, and will continue to assist the Company if needed. About SKYX Platforms Corp. Headquartered in Pompano Beach, Florida, SKYX Platforms Corp. develops advanced platform technologies focused on enhancing safety, quality, and ease of use in homes and buildings. With nearly 100 patents and pending applications, the Company's products are designed to improve safety and lifestyle in residential and commercial spaces. In 2023, Sky expanded by acquiring an online retailer specializing in home lighting, ceiling fans, and furnishings. The Company's technologies enable quick and safe installation of light fixtures and ceiling fans without the need to handle hazardous wires. In its report dated March 24, 2025, the Company's auditor, M&K CPAS, PLLC, issued a "going concern" qualification attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing the Company's accumulated deficit, negative cash flows from operations, and recurring net losses, which raise substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2024, SKYX reported total assets of $65.89 million, total liabilities of $56.83 million, and total equity of $4.05 million. As of June 30, 2025, the Company had $64.3 million in total assets, $58.7 million in total liabilities, and $689,939 in total stockholders' equity. SOLEMN INVESTMENTS: Taps Strategic Financial Services as Accountant ------------------------------------------------------------------- Solemn Investments Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Paulette Taylor/Paulette Simmons d/b/a Strategic Financial Services as accountant. The firm's services include: a. bringing the Debtor's books and records up to current; b. preparing and filing necessary tax returns; c. preparing accounting statements required for this Chapter 11 Subchapter V case; d. assisting the Debtor with financial reporting requirements; and e. providing other accounting services as may be required during the pendency of this case. The firm will be compensated at these fees: a. Initial Services: i. Prepare and maintain financial records (7 months) to close 2024: $2,275. ii. Prepare and maintain financial records (9 months) to bring through September 2025: $2,925. iii. Prepare and maintain financial records (3 months) to prepare through December 2025: $975. iv. Prepare and file 2024 Federal Form 1120-S: $525. v. Additional hourly services as needed at rates of $70-$125/hr. vi. Total for Initial Services: $6,700, plus additional hourly charges. b. Ongoing Services: i. Monthly bookkeeping and tax preparation services: $325 per month. ii. Additional hourly services as needed at rates of $70-$125/hr. As disclosed in the court filings, the accountant is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtor's estate. The firm can be reached through: Paulette Taylor Strategic Financial Services, LLC 3200 Wilcrest Drive Ste 480 Houston, TX 77042 Tel: (832) 439-7574 About Solemn Investments Inc. Solemn Investments Inc., doing business as ABJ Transport, is a Houston-based specialized freight trucking company, provides transportation and logistics services in the specialized freight sector. Solemn Investments Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34630) on August 8, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Jeremy Thomas Wood, Esq. at Law Office Of Jeremy T. Wood, PLLC. SOUND VISION: Seeks to Extend Plan Exclusivity to February 18, 2026 ------------------------------------------------------------------- Sound Vision Care, Inc., and its debtor affiliates asked the U.S. Bankruptcy Court for the Eastern District of New York to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to February 18, 2026 and April 19, 2026, respectively. The Debtors explain that these Chapter 11 cases have been pending for only two months, and meaningful progress has already been made. However, to propose a viable plan, the Debtors must still assess the full scope of claims against the estates and determine the value that can be realized from their retail optometry operations. At present, the Debtors' limited staff and resources remain focused on stabilizing operations and monetizing remaining assets. The Debtors claim that until the Bar Dates pass and claims are reviewed and reconciled, formulating a confirmable plan would be premature. Certain claims may also require an extended resolution timeline. Extending the Exclusive Periods will ensure the Debtors can propose a plan that reflects both the economic realities of the business and the claims' landscape, while also providing creditors with the information they need to evaluate the plan and disclosure statement. The Debtors assert that they remain committed to filing a consensual plan, if possible, and will endeavor to continue to work with its key constituents to maximize value for creditors. The Debtors are continuing to operate their retail optometry offices in a manner that maximizes efficiency and the returns to the estates. The requested enlargements of the Exclusivity Periods are also appropriate because the Debtors have been paying, and will continue to pay, its undisputed postpetition debts as they come due. The Debtors further assert that they are not seeking enlargements to artificially delay the conclusion of its Chapter 11 cases, for the purposes of coercing creditor consent, or for any other improper motive. The Debtors seek to maintain the status quo while they work to reorganize without the disruptive and predatory pressure commonly associated with merchant cash advance lenders. The requested extension is necessary to preserve and restore operational stability during the reorganization process. The Debtors note that without first understanding the available operating capital and core business performance, any plan the Debtors may propose would be premature and speculative, and would significantly impair the likelihood of obtaining plan support and, ultimately, confirmation. Assessing the outcome of these efforts will allow the Debtors to make informed decisions regarding plan structure, creditor treatment and feasibility. Additionally, this information will be necessary to prepare a meaningful and accurate disclosure statement. The Debtors' Counsel: Robert L. Rattet, Esq. Craig M. Price, Esq. John D. Molino, Esq. DAVIDOFF HUTCHER & CITRON LLP 605 Third Avenue 34th Floor New York, NY 10158 Tel: 212-557-7200 Fax: 212-286-1884 E-mail: rlr@dhclegal.com 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. STANFORD MART: Hires Abbasi Law Corporation as Counsel ------------------------------------------------------ Stanford Mart LP seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Abbasi Law Corporation as Abbasi Law Corporation as general insolvency counsel. The firm will provide these services: a. represent Debtor as its Initial Debtor Interview; b. represent Debtor its meeting of creditors pursuant to Bankruptcy Code; c. represent Debtor at all hearings before the United States Bankruptcy Court involving Debtor as Debtor in possession and as reorganized Debtor, as applicable; d. prepare on behalf of Debtor, as Debtor in possession all necessary applications, motions, order, and other legal papers; e. advise Debtor, regarding matters of bankruptcy law, including Debtor's rights and remedies with respect to Debtor's assets and the claims of its creditors; f. represent Debtor with regard to all contested matters; g. represent Debtor with regard to the preparation of a disclosure statement and the negotiation, preparation, and implementation of a plan of reorganization; h. analyze any secured, priority, or general unsecured claims that have been filed in Debtor's bankruptcy case; i. negotiate with Debtor's secured and unsecured creditors regarding the amount and payment of their claims; j. object claims as may be appropriate; k. perform all other legal services for Debtor as Debtor in possession as may be necessary, other than adversary proceedings which would require a further written agreement; l. advise Debtor with respect to its powers and duties as a Debtor in possession in the continued operations of its business; m. provide counseling with respect to the general corporation, securities, real estate, litigation, environmental, state regulatory, and other legal matters which may arise during the pendency of this Chapter 11 case; and n. perform all other legal services that is desirable and necessary for the efficient and economic administration of this Chapter 11 case. The firm will be paid at these rates: Attorney $400 per hour Paralegal $60 per hour Law Clerk $25 per hour The firm received an initial retainer in the amount of $20,000, and $1,738 filing fee. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Matthew Abassi, Esq., a partner at Abassi Law Corporation, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Matthew Abassi, Esq. Abassi Law Corporation 6320 Caniga Ave., Suite 950 Woodland Hills, CA 91367 Telephone: (310) 358-9341 Facsimile: (888) 709-5448 Email: matthew@malawgroup.com About Stanford Mart LP Stanford Mart LP, filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal. Case No. 2:25-bk-17990-BB) on Sept. 11, 2025. The Debtor hires Abbasi Law Corporation as counsel. STARBRITE ELECTRIC: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------- On October 8, 2025, Starbrite Electric LLC initiated a voluntary Chapter 7 bankruptcy proceeding in the Southern District of Texas. The filing indicates that the company holds debts ranging from $100,001 to $1 million, with an estimated 1 to 49 creditors. About Starbrite Electric LLC Starbrite Electric LLC is a Texas-based electrical services provider focused on installation, maintenance, and repair of electrical systems for homes and businesses. The company emphasizes quality service, skilled craftsmanship, and customer satisfaction across its range of electrical contracting projects. Starbrite Electric LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-36005) on October 8, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Reese W. Baker, Esq. of Baker & Associates. STEELHOMES MODULAR: Hires Robert F. Reynolds P.A. as Counsel ------------------------------------------------------------ Steelhomes Modular Corp. and affiliate seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Law Offices of Robert F. Reynolds, P.A. as counsel. The firm will render these services: (a) advise the Debtor as to the timing of the filing of the bankruptcy petition; (b) assist the Debtor with ascertaining information to be included in the petition, schedules and statement of financial affairs; (c) complete the petition, schedules and statement of financial affairs and other necessary documents required to be filed with the Bankruptcy Court; (d) file petition, schedules and statement of financial affairs and other necessary documents required to be filed with the Bankruptcy Court; (e) respond to creditor and U.S. Trustee inquiries; (f) inform the Debtor and assist with satisfying the reporting and other requirements of the Office of the United States Trustee; (g) respond to creditor inquiries; (h) communicate with any creditors and any committee(s) established by the Office of the United States Trustee or Bankruptcy Court; (i) appear at the first meeting of creditors and other hearings before the Bankruptcy Court; (j) bring and/or defend Debtor in an adversary proceedings or contested matters brought before the bankruptcy court; (k) prepare and solicit the approval of the disclosure statement and plan of reorganization; (l) address any objections to the disclosure statement and plan and prepare any necessary amendments to such; (m) appear at the confirmation hearing and post-confirmation status hearings; (n) assist with the consummation of the confirmed plan of reorganization; and (o) perform any and all other matters customarily associated with representation of the Debtor in Chapter 11 case. The firm will be paid at these rates: Attorneys $550 per hour Paralegals $175 per hour The firm received an initial retainer of $25,000. Robert Reynolds, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert F. Reynolds, Esq. Law Offices of Robert Reynolds, P.A. 515 East Las Olas Blvd., Suite 850 Fort Lauderdale, FL 33301 Telephone: (954) 766-9928 Email: rreynolds@robertreynoldspa.com About Steelhomes Modular Corp. Steelhomes Modular Corp, filed a Chapter 11 bankruptcy petition (Bankr. D. Fla. Case No. 25-21834-LMI) on Oct. 7, 2025. The Debtor hires Law Offices of Robert F. Reynolds, P.A. as counsel. STEELHOMES MODULAR: Section 341(a) Meeting of Creditors on Nov. 10 ------------------------------------------------------------------ On October 7, 2025, Steelhomes Modular Corp. filed Chapter 11 protection in the Southern District of Florida. According to court filing, the Debtor reports $5,636,160 in debt owed to 50 and 99 creditors. The petition states funds will be available to unsecured creditors. A meeting of creditors under Section 341(a) to be Held on November 10, 2025 at 01:00 PM by TELEPHONE. About Steelhomes Modular Corp. Steelhomes Modular Corp. and affiliate, SteelHomes LLC, based in Opa-locka, Florida, design and manufacture modular steel-frame homes and structures, providing customizable floor plans for residential, commercial, and emergency housing applications. Steelhomes Modular Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-21834) on October 7, 2025. In its petition, the Debtor reports total sssets of $396,333 and total liabilities of $5,636,160. Honorable Bankruptcy Judge Laurel M. Isicoff handles the case. The Debtor is represented by Robert Reynolds, Esq. of LAW OFFICES OF ROBERT F. REYNOLDS, P.A. STYX LOGISTICS: Case Summary & 11 Unsecured Creditors ----------------------------------------------------- Debtor: STYX Logistics LLC 1490 Stardust St Reno, NV 89503 Business Description: STYX Logistics, LLC provides delivery services as an independent Delivery Service Partner for Amazon, supporting the fulfillment of Amazon Prime deliveries. Established in October 2020, the Company operates more than 30 routes in the Reno– Tahoe region with a workforce exceeding 70 employees. Its operations emphasize teamwork, reliability, and safety in ensuring timely package deliveries. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court District of Nevada Case No.: 25-50941 Judge: Hon. Hilary L Barnes Debtor's Counsel: Kevin A. Darby, Esq. DARBY LAW PRACTICE 499 W. Plumb Lane, Suite 202 Reno, NV 89509 Tel: 775-322-1237 Fax: 775-996-7290 E-mail: kevin@darbylawpractice.com Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Nikola Tersiev as manager. A full-text copy of the petition, which includes a list of the Debtor's 11 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YF446EA/STYX_LOGISTICS_LLC__nvbke-25-50941__0001.0.pdf?mcid=tGE4TAMA SUN VALLEY POOLS: Seeks Chapter 7 Bankruptcy in Arizona ------------------------------------------------------- On October 3, 2025, Sun Valley Pools AZ LLC submitted a voluntary Chapter 7 bankruptcy petition in the District of Arizona. Court records show that the company reported debts ranging from $0 to $100,000 and identified between 1 and 49 creditors in its filing. About Sun Valley Pools AZ LLC Sun Valley Pools AZ LLC is an Arizona-based pool construction and maintenance company specializing in custom residential and commercial swimming pools. The firm provides a range of services, including pool design, installation, renovation, and repair, with a focus on quality craftsmanship and customer satisfaction. Sun Valley Pools AZ LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09442) on October 3, 2025. In its petition, the Debtor reports estimated assets and liabilities up to $100,000 Honorable Bankruptcy Judge Brenda K. Martin handles the case. The Debtor is represented by Randy Nussbaum, Esq. of The Cavanagh Law Firm, P.A. SVB FINANCIAL: Cayman Liquidators Lack Standing to Pursue Claims ---------------------------------------------------------------- Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York finds that the Joint Official Liquidators of Silicon Valley Bank lacked standing to sue on any of the claims asserted in the adversary proceeding captioned as JOINT OFFICIAL LIQUIDATORS OF SILICON VALLEY BANK (IN OFFICIAL CAYMAN ISLANDS LIQUIDATION), Plaintiff, v. SVB FINANCIAL GROUP, Defendant, Adv. Proc. No. 24-04014 (S.D.N.Y.). The present dispute concerns the standing of the JOLs of Silicon Valley Bank's Cayman Islands branch to pursue their proofs of claim -- Nos. 1247 ("Initial POC"), 1450 ("Amended POC"), 1489 ("Second Amended POC"), case no. 23-10367 -- and their complaints in this adversary proceeding. Silicon Valley Bank Financial Group filed a standing objection in the Chapter 11 Case to the JOLs' original proof of claim (claim no. 1247) (case no. 23-10367). In the fourth quarter of 2022, in the months prior to the SVB collapse, SVB distributed a $294 million dividend to SVBFG -- Upstream Distribution or Upstream Dividend -- at what the JOLs describe as a time when SVBFG's mismanagement of SVB would result in the certain insolvency and collapse of SVB. On March 10, 2023, the California Department of Financial Protection and Innovation determined that SVB's liquidity position was inadequate, SVB was insolvent, and it was conducting its business in an unsafe manner. It therefore ordered that SVB's property and business be placed in receivership with the FDIC ("FDIC-R1"). The day SVB was closed (March 10, 2023), the FDIC in its corporate capacity ("FDIC-C") created the Deposit Insurance National Bank of Santa Clara and transferred all deposits of SVB to this bank. When attempts to find a purchaser for this bank were unsuccessful, the FDIC-C rescinded the agreement transferring all of SVB's deposits into the DINB and moved the deposits instead into the newly created Silicon Valley Bridge Bank, operated by FDIC in its role as receiver. These transferred deposits included SVB Cayman's deposits with SVB, i.e., included assets deposited by SVB Cayman's creditors. The JOLs claim that FDIC-R1 has no authority to deal with the SVB Cayman creditors' assets because the FDIC had not sought recognition of the SVB Receivership in the Cayman Islands. First Proof of Claim (Claim No. 1247) The JOLs filed their Initial POC on the August 11, 2023 bar date. As their basis for the claim, they stated that they filed this Claim to assert any and all of their rights against the Debtor, at law or in equity, arising out of or related to the transfer of the Cayman Deposits. SVBFG argued that the JOLs lack standing to assert any claim against the Debtor because SVB Cayman is not and was never a separate legal entity from the rest of the Bank, and so all the JOLs' claims asserted in the First POC can only be asserted by the FDIC as receiver for SVB. The Debtor also objected to the Initial POC on the basis that the JOLs provided no supporting documentation and, more simply, failed to articulate any actual claims or factual basis to verify the unidentified potential claims (or even the amount claimed). First Amended Proof of Claim (Claim No. 1450) The JOLs filed an amended proof of claim on June 28, 2024, seeking $476,612,862. In the addendum to the amended proof of claim, the JOLs claim that they are acting on behalf of the SVB Cayman estate and as the exclusive agent of SVB Cayman's creditors-depositors and as such, hold various substantial claims against SVBFG" for a total amount of $476,612,862, equal to the amount of SVB Cayman's deemed uninsured depositor-creditor base which will receive no distribution from the SVB Receivership. Initial Complaint On July 24, 2024, the JOLs commenced an adversary proceeding against SVBFG. The JOLs assert three causes of action, seeking: (1) a declaratory judgment that the Upstream Distribution was void under California law, (2) a declaratory judgment that the Upstream Distribution was void under Cayman law, and (3) the imposition of a constructive trust on the money in SVBFG's possession. Second Amended Proof of Claim (Claim No. 1489) The JOLs filed their Second Amended POC on November 22, 2024, along with their First Amended Complaint. They increased the claim amount to "not less than $944,000,000.00." First Amended Complaint The JOLs filed their Amended Complaint on November 22, 2024 as well. The factual allegations in that complaint are nearly identical to those in the Second Amended POC. The JOLs assert a single count in their Amended Complaint, based on the Upstream Dividend: they seek a declaratory judgment that the Upstream Distribution is void under various Cayman laws, including but not limited to: (i) Section 145 of the Companies Act (voidable preference); (ii) Section 146 of the Companies Act (disposition of property made at an undervalue); (iii) Section 4(1) of the Cayman Islands Fraudulent Dispositions Law; (iv) Section 147 of the Companies Act (liability for carrying out business of SVB with intent to defraud the company's creditors); and (v) Section 34(2) of the Companies Act and Cayman common law (pertaining to unlawful distributions)." They also seek the imposition of a constructive trust. The JOLs assert that they have standing to bring this cause of action directly in their role as joint official liquidators and as exclusive agents of the depositors-creditors of SVB Cayman. SVBFG divvies up the JOLs' claims in their Second Amended POC and Amended Complaint into three buckets, in accordance with how both sides' Cayman law experts approach them: (1) Officeholder Claims: Claims to avoid the $294 million dividend under sections 145, 146, and 147 of the Cayman Companies Act which are asserted in Counts I of the Second Amended POC and the Amended Complaint. Both experts agree that these claims are vested in the JOLs as Cayman "officeholders" and do not constitute assets of SVB. (2) Creditor Claims: These include (i) the negligence claims asserted in Counts II, III, and IV of the Second Amended POC (to the extent they allege harm specific to SVB's Cayman depositors); and (ii) claims under the Cayman Fraudulent Dispositions Act ("FDA") in connection with the $294 million dividend, which are asserted in Counts I of the Second Amended POC and Amended Complaint. Both experts agree that these claims are vested in SVB's creditors. (3) Company Claims: These include (i) claims for unlawful dividend under section 34(2) of the Companies Act, which are asserted in Counts I of the Second Amended POC and Amended Complaint; and (ii) the negligence claims asserted in Counts II, III, and IV of the Second Amended POC to the extent they do not allege harm specific to Cayman depositors. The experts do not dispute that these claims are vested in SVB. The Court agrees that these buckets reflect the experts' categorizations of the claims. SVBFG argues that under either U.S. or Cayman law, the JOLs lack standing to pursue all three kinds of claims, on three primary grounds: (1) having lost their bid for chapter 15 recognition, the JOLs have "no capacity to sue and be sued in a court" in the U.S. pursuant to 11 U.S.C. Sec. 1509(b); (2) 12 U.S.C. Sec. 1821(d)(2)(A)(i) mandates that the FDIC succeed to the Company and Creditor Claims; and (3) Cayman law provides the same result. The Court finds that the Initial Complaint, the Amended Complaint, and the Second Amended POC are untimely, and that the JOLs abandoned the claim or set of claims asserted in their Initial POC. SVBFG argues that the claims the JOLs asserted in both its Second Amended POC and its Amended Complaint should be dismissed because they do not relate back to the first POC and allowing the JOLs to assert them now would be inequitable. As for the JOLs' claims based on the Upstream Dividend and SVBFG's risk management, the Debtor argues that those also do not relate back. They contend the claims about the transfer of the Cayman deposits are premised on entirely different allegations than the claims about the Upstream Dividend and risk management at SVB, so the commonality required to allow relation back of an amended claim is lacking. Even if their claims relate back, SVBFG argues it would be inequitable to let the JOLs proceed with their new theories because they have not established excusable neglect for their failure to assert their claims in the first instance: the Upstream Dividend was disclosed to the public nearly six months before the bar date, the Winding-Up Order which the JOLs claim "envisioned" the Creditor Claims was issued before the bar date, and there was a substantial delay in filing the claim with the new theory (15 months between the bar date and the filing of the Second Amended POC). SVBFG also claims it would be prejudiced by the late claims and that the JOLs have not acted in good faith. The Court finds the Initial Complaint is untimely. The Initial Complaint plainly does not relate back to the Initial POC, as it features claims based on facts which do not appear in the Initial POC. The JOLs have not demonstrated excusable neglect. They do not provide an explanation for their delay in asserting Creditor Claims or claims based on the Upstream Dividend, the Court recounts. For these reasons, the Complaints are barred because they are untimely. Judge Glenn explains, "The Initial POC only contained claims held by the JOLs (i.e., Officeholder Claims) which related to the alleged movement of Cayman deposit credits outside of the Cayman Islands. The Initial Complaint, by contrast, contains both Officeholder and Creditor Claims, all of which concern the Upstream Distribution and none of which touch on the movement of the Cayman account credits. The Amended Complaint does the same. The JOLs cannot assert claims on behalf of new claimants (the Cayman creditors) in post-bar-date filings and expect them to relate back to the Initial POC." The Court finds the Second Amended POC is also barred because it is untimely, for the same reasons as the Complaints are barred. The Creditor Claims asserted in the Second Amended POC are untimely, just like the ones in the Complaint and Amended Complaint. The Company Claims are untimely for the same reason as the Creditor Claims are -- the JOLs did not purport to bring any claims not on their own behalf in their Initial POC. So are all their claims arising from the Upstream Distribution. According to the Court, even if the Second Amended POC and the Amended Complaint were timely, the JOLs would lose on standing grounds. Section 1509 itself does not bar the JOLs from bringing all but the Company Claims. However, the JOLs still lack standing to bring the rest of their claims. SVBFG argues that the Financial Institutions Reform, Recovery, and Enforcement Act ("FIRREA") bars the JOLs from asserting the Company and Creditor Claims by operation of 12 U.S.C. Sec. 1821(d)(2)(A)(i) (the "Succession Clause"), and that the JOLs have no standing to bring the Officeholder Claims by operation of 12 U.S.C. Sec. 1821(j) The Court finds that the JOLs did not bear their burden of proof in establishing that they have standing under Cayman law to bring claims on behalf of the Cayman creditors. But even if they were the creditors' agents, FIRREA bars the Creditor Claims. The Court also finds the JOLs lack standing to bring the Officeholder Claims for two distinct reasons. First, FIRREA bars them. Second, the JOLs have not shown that Cayman law would permit them to bring the Cayman law-governed Officeholder Claims extraterritorially. A copy of the Court's Opinion and Order is available at https://urlcurt.com/u?l=81oHVm from PacerMonitor.com. About SVB Financial Group SVB Financial Group (Pink Sheets: SIVBQ) is a financial services company focusing on the innovation economy, offering financial products and services to clients across the United States and in key international markets. Prior to March 10, 2023, SVB Financial Group owned and operated Silicon Valley Bank, a state chartered bank. During the week of March 6, 2023, Silicon Valley Bank, Santa Clara, CA, experienced a severe "run-on-the-bank." On the morning of March 10, the California Department of Financial Protection and Innovation seized SVB and placed it under the receivership of the Federal Deposit Insurance Corporation. SVB was the nation's 16th largest bank and the biggest to fail since the 2008 financial meltdown. On March 17, 2023, SVB Financial Group sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 23-10367). The Debtor had assets of $19,679,000,000 and liabilities of $3,675,000,000 as of Dec. 31, 2022. The Hon. Martin Glenn is the bankruptcy judge. The Debtor tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Centerview Partners, LLC as investment banker; and Alvarez & Marsal North America, LLC as restructuring advisor. William Kosturos, a partner at Alvarez & Marsal, serves as the Debtor's chief restructuring officer. Kroll Restructuring Administration, LLC, is the claims and noticing agent and administrative advisor. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee tapped Akin Gump Strauss Hauer & Feld, LLP as bankruptcy counsel; Cole Schotz P.C. as conflict counsel; Lazard Freres & Co. LLC as investment banker; and Berkeley Research Group, LLC as financial advisor. TAHOE FOODS: Gets Interim OK to Use Cash Collateral --------------------------------------------------- Tahoe Foods, LLC received interim approval from the U.S. Bankruptcy Court for the District of Nevada to use cash collateral to fund operations. The court authorized the Debtor's interim use of cash collateral through the date of entry of a final order in amounts not to exceed 125% of each line item set forth in its budget. The final hearing is set for November 4. The Debtor's cash collateral is potentially subject to the secured interests of four creditors, which may hold perfected security interests in the cash and deposit accounts through UCC-1 financing statements filed with the Nevada Secretary of State. According to the filings, the creditors are prioritized in the following order: (1) Customers Bank, (2) Western Foodservice Marketing, LLC, (3) Sampson Funding, and (4) Lendistry SBLC, LLC. The Debtor owes approximately $240,000 to Customers, $17,500 to Western, $68,040 to Sampson, and $147,704 to Lendistry. While these creditors claim security interests in nearly all of Debtor's assets (excluding vehicles), the Debtor reserves the right to later challenge the validity or scope of these claims. At the time of filing, the Debtor had total assets of approximately $184,656, including vehicles worth $55,000 and a $1,900 security deposit—neither of which are subject to the UCC-1 claims. The remaining potentially encumbered assets total about $127,756, consisting of $46,000 in accounts receivable and $10,555 in cash. About Tahoe Foods LLC Tahoe Foods LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 25-50895) on September 29, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hilary L. Barnes presides over the case. Kevin A. Darby, Esq. at Darby Law Practice, Ltd. represents the Debtor as bankruptcy counsel. THUNDER SUN: Seeks to Hire Tarbox Law PC as Bankruptcy Counsel -------------------------------------------------------------- Thunder Sun Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Tarbox Law, P.C. as its bankruptcy counsel. The firm will render these services: (a) prepare all necessary legal papers; (b) counsel the Debtor regarding preparation of operating reports, motions for use of cash collateral, and development of Chapter 11 plan of reorganization; (c) advise the Debtor concerning questions arising in the conduct of the administration of the estate and concerning the Trustee's rights and remedies with regard to the estate's assets and the claims of secured, preferred and unsecured creditors and other parties in interest; and (d) assist the Debtor with any and all sales of assets, closings of such sales and distributions to creditors. The firm will be compensated at its standard billing rates plus reimbursement for expenses incurred. Max Tarbox, Esq., an attorney at Tarbox 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 through: Max R. Tarbox, Esq. Tarbox Law P.C. 2301 Broadway Lubbock, TX 79401 Tel: (806) 686-4448 Fax: (806) 368-9785 Email: tami@tarboxlaw.com About Thunder Sun Inc. Thunder Sun Inc., dba Thunder Sun Homes, is a residential real estate investment and property management firm based in Lubbock, Texas. Thunder Sun Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-50280) on October 7, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. The Debtor is represented by Max R. Tarbox, Esq. of Tarbox Law, P.C. TRI-HARD PROTO: Seeks Chapter 7 Bankruptcy in Arizona ----------------------------------------------------- On October 10, 2025, Tri-Hard Proto and Production Inc. voluntarily filed for Chapter 7 bankruptcy protection in the U.S. Bankruptcy Court for the District of Arizona. The petition indicates liabilities valued between $100,001 and $1 million, and identifies between 1 and 49 creditors. About Tri-Hard Proto and Production Inc. Tri-Hard Proto and Production Inc., headquartered in Arizona, specializes in prototype fabrication and limited-run manufacturing. It provides comprehensive services encompassing design, machining, and production assistance for commercial and industrial customers. Tri-Hard Proto and Production Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09682) on October 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100,001 and $1 million each. Honorable Bankruptcy Judge Daniel P. Collins handles the case. The Debtor is represented by Philip J. Giles, Esq. of Allen, Jones & Giles, PLC. TRINSEO PLC: Suspends Quarterly Dividend to Save $1.5M Annually --------------------------------------------------------------- Trinseo PLC disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board of Directors has voted to indefinitely suspend the Company's quarterly dividend of $0.01 per share, which action is expected to save approximately $1.5 million annually. About Trinseo Headquartered in Wayne, PA, Trinseo (NYSE: TSE) (www.trinseo.com), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably focused manner by combining its premier expertise, forward-looking innovations, and best-in-class materials to unlock value for companies and consumers. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers' unique challenges in a wide range of industries, including building and construction, consumer goods, medical, and mobility. As of June 30, 2025, the Company had $2.63 billion in total assets, $3.38 billion in total liabilities, and $750 million in total stockholders' equity. * * * In January 2025, S&P Global Ratings raised the issuer credit rating on Trinseo PLC to 'CCC+' from 'SD' (selected default). All issue-level and recovery ratings on the company's existing debt are unchanged. The outlook is negative and reflects the challenging macroeconomic environment affecting the company's key end markets and S&P's expectation that credit metrics will remain pressured over the next 12 months. UNITED CABINET: Hires McLemore Auction Company LLC as Auctioneer ---------------------------------------------------------------- United Cabinet Company, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to hire McLemore Auction Company, LLC as auctioneer. The firm will auction the Debtor's personal property including manufacturing equipment, machinery, office furniture, inventory, raw materials, tools, other equipment. The firm will receive a commission based on gross proceeds (high bid price plus buyer’s premium) as follows: -– 25 percent of the first $40,000 of gross proceeds; and -– 15 percent of all proceeds thereafter As disclosed in the court filings, McLemore Auction is disinterested within the meaning of 11 U.S.C. Secs. 101(14) and 327. The firm can be reached through: Will McLemore McLemore Auction Company, LLC 470 Woodycrest Ave Nashville, TN 37210 Phone: (615) 517-7675 About United Cabinet Company, LLC United Cabinet Company, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-04196) on October 6, 2025, listing $1,000,001 to $10 million in both assets and liabilities. Judge Nancy B King presides over the case. MICHAEL G ABELOW, Esq. at Sherrard Roe Voigt & Harbison, PLC represents the Debtor as counsel. UNITED CABINET: Section 341(a) Meeting of Creditors on October 30 ----------------------------------------------------------------- On October 6, 2025, United Cabinet Company LLC filed Chapter 11 protection in the Middle District of Tennessee. According to court filing, the Debtor reports $15,466,436 in debt owed to 100 and 199 creditors. The petition states funds will be available to unsecured creditors. A meeting of creditors under Section 341(a) to be held on October 30, 2025 at 01:30 PM via Meeting held telephonically. Please call 888-330-1716 and enter code 3884044# to attend. About United Cabinet Company LLC United Cabinet Company LLC, doing business as Kabinart, designs and manufactures kitchen cabinetry products, including a range of door styles, specialty finishes, and interior convenience features. Founded in 1963, the Company focuses on producing premium construction cabinets through a network of local, independently owned businesses rather than national retail chains. It operates a 170,000-square-foot facility staffed by approximately 150 employees. United Cabinet Company LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-04196) on October 6, 2025. In its petition, the Debtor reports total assets of $2,528,520 and total liabilities of $15,466,436. Honorable Bankruptcy Judge Nancy B. King handles the case. The Debtor is represented by Michael G. Abelow, Esq. of SHERRARD ROE VOIGT & HARBISON, PLC. VALLEY JUICE: Section 341(a) Meeting of Creditors on November 10 ---------------------------------------------------------------- On October 8, 2025, Valley Juice LLC filed Chapter 11 protection in the Northern District of California. According to court filing, the Debtor reports $24,977,816 in debt owed to 100 and 199 creditors. The petition states funds will be available to unsecured creditors. A meeting of creditors under Section 341(a) to be held on November 10, 2025 at 11:30 AM via UST Teleconference Oakland, Call in number: 1-888-330-1716 Passcode: 8324431. About Valley Juice LLC Valley Juice LLC operates quick-service restaurants under the Jamba brand, offering smoothies, juices, and related food products in the San Francisco Bay Area. The Company manages franchise locations that provide blended fruit and vegetable beverages, energy bowls, and snacks to retail consumers. Valley Juice LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-41876) on October 8, 2025. In its petition, the Debtor reports total assets of $639,209 and total liabilities of $24,977,816. Honorable Bankruptcy Judge William J. Lafferty handles the case. The Debtor is represented by Chris Kuhner, Esq. of KORNFIELD, NYBERG, BENDES, KUHNER & LITTLE P.C. VIVACE HOSPITALITY: Court OKs Interim Use of Cash Collateral ------------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, granted Vivace Hospitality, LLC interim approval to use cash collateral from the petition date through October 22. The interim order authorized the Debtor to use cash on hand to pay business expenses in accordance with its budget, subject to a 15% variance per line item. The Debtor was also authorized to pay pre-bankruptcy employee business expenses within statutory caps set by Section 507(a)(4) and (5). As adequate protection, both the merchant cash advance (MCA) lenders and the U.S. Small Business Administration will be granted replacement liens on all post-petition property of the Debtor that is similar to their pre-bankruptcy collateral. However, the order expressly preserves all parties' rights to dispute the validity, priority, and extent of the liens or related claims. Additionally, the interim order includes a carveout for court and U.S. trustee fees under Section 1930 of the Bankruptcy Code. A further hearing is scheduled for October 22. About Vivace Hospitality Vivace Hospitality, LLC operates a full-service dining establishment in Plantation, Florida, offering Italian cuisine, hand-tossed pizzas, pasta dishes, and craft cocktails. The restaurant provides dine-in and takeout services, with delivery available through third-party platforms. Vivace Hospitality sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20637) on September 12, 2025, listing up to $50,000 in assets and $2,185,248 in liabilities. Vito DiSalvo, manager, signed the petition. Thomas Zeichman, Esq., at Beighley, Myrick, Udell, Lynne and Zeichman, P.A represents the Debtor as legal counsel. VIVAKOR INC: J.J. Astor & Co. Converts $700K Note Into 5.24M Shares ------------------------------------------------------------------- As previously reported, on March 17, 2025, Vivakor, Inc. issued a junior secured convertible promissory note to J.J. Astor & Co., in the principal amount of $6,625,000, in relation to a Loan and Security Agreement by and between the Company, its subsidiaries, and the Lender. The Company received $5,000,000, before fees. The Company received the funds on March 18, 2025. On September 29, 2025, the Company received a Notice of Conversion from the Lender converting $700,000 of the Principal Amount of the Initial Note into 5,235,602 shares of the Company's common stock. The Lender previously converted $200,000 of the Principal Amount into 720,072 shares of the Company's common stock and $200,000 of the Principal Amount into 1,084,011 shares of the Company's common stock, and issued the Lender the 250,000 shares due as Commitment Shares under the Initial Note, but these issuances, together with other issuances by the Company, did not exceed 5% of the Company's outstanding stock since the Company filed its Form 10-Q for the period ended June 30, 2025 (all shares issued to the Lender listed herein are referred to as the "Shares") Pursuant to the terms of the Initial Note and the Notice of Conversions, the Company issued the Shares. The Shares were issued without a Rule 144 restrictive legend pursuant to a legal opinion received by the Company and its transfer agent. The issuances of the foregoing securities was exempt from registration pursuant to Section 4(a)(2) of the Securities Act promulgated thereunder as the holder is an accredited investor and familiar with our operations. About Vivakor, Inc. Vivakor, Inc. provides transportation, storage, reuse, and remediation services for crude oil and petroleum byproducts. The Company operates facilities under long-term contracts to support these services and manages energy-related assets, properties, and technologies. Vivakor reported total assets of $244.54 million, total liabilities of $146.5 million, and total stockholders' equity of $98.04 million as of June 30, 2025. The Company has historically suffered net losses and cumulative negative cash flows from operations, and as of June 30, 2025, it had an accumulated deficit of approximately $112.1 million. As of June 30, 2025 and Dec. 31, 2024, Vivakor had a working capital deficit of approximately $105.8 million and $101.5 million, respectively. As of June 30, 2025, the Company had cash of approximately $3.7 million, of which $3.2 million is restricted cash. In addition, the Company has obligations to pay approximately $74 million of debt within one year of the issuance of these financial statements. In its audit report dated April 15, 2025, Urish Popeck & Co., LLC issued a "going concern" qualification citing that the Company has a significant working capital deficiency, suffered significant recurring losses from operations, and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. VSM PROPERTIES: Case Summary & Eight Unsecured Creditors -------------------------------------------------------- Debtor: VSM Properties, LLC 1006 Cherohala Skyway Tellico Plains, TN 37385 Business Description: VSM Properties, LLC owns and operates short- term rental and residential real estate in Tellico Plains, Tennessee and the surrounding area, focusing on cabin and hospitality properties. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court Eastern District of Tennessee Case No.: 25-12708 Judge: Hon. Nicholas W. Whittenburg Debtor's Counsel: W. Thomas Bible, Jr., Esq. TOM BIBLE LAW 6918 Shallowford Road, Suite 100 Chattanooga, TN 37421 Tel: (432) 424-3116 Fax: (423) 499-6311 Email: tom@tombiblelaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $10 million to $50 million The petition was signed by Mohit Mankad chief executive manager. 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/3YGMDJQ/VSM_Properties_LLC__tnebke-25-12708__0001.0.pdf?mcid=tGE4TAMA WEATHERSTONE LLC: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Weatherstone, LLC Monroe Cole 172 Acre Subdivision Dallas GA 30157 Business Description: Weatherstone, LLC, based in Dallas, Georgia, develops and sells single-family homes in a 172-acre residential subdivision near Monroe Cole Road. Chapter 11 Petition Date: October 14, 2025 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 25-41599 Debtor's Counsel: Will Geer, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Suite 350 Atlanta GA 30329 Tel: 404-584-1238 Email: wgeer@rlkglaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Amir Peleg as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4M7CR5Y/Weatherstone_LLC__ganbke-25-41599__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Pine Tree, LLC Monies Loaned/ $2,738,000 4157 Rovello Way Advanced Buford, GA, 30519 2. Poplar Tree, LLC Monies Loaned/ $1,510,000 4157 Rovello Way Advanced Buford, GA, 30519 3. Sharbetz LLC (Efi Betzalel) Credit Card Debt $726,219 2A Shalva St Herzliya Israel 4. Dvora Nidam & Ofer Ferster Credit Card Debt $260,727 4 Ahad Haam Ra'anana Israel 5. Yaron Gur Arie Credit Card Debt $256,351 Menachem Begin 7, apt 21 Netanya Israel 6. Amit Eshet Credit Card Debt $236,573 Tamar 2 Rakefet Israel 7. Shmulik and Orly Yagen Credit Card Debt $225,847 1 Dankner Meir Petah Tikva Israel 8. Amir Frenkel Credit Card Debt $135,535 Ben Gurion 41 Israel 9. Roee Gorin Credit Card Debt $134,875 Kibutz Meggido Kibutz Meggido Israel 10. Amit Gorin Credit Card Debt $134,068 Kibutz Meggido Kibutz Meggido Israel 11. Amit Mach Credit Card Debt $133,118 Hazait 58 Lapid Israel 12. Amir Eisenberg Credit Card Debt $132,030 Zurit 17 Zurit Israel 13. Roey Zeev Shidlo Credit Card Debt $131,950 Shlomo Hamelech 34 Tel Aviv Israel 14. Tal Herman Credit Card Debt $131,897 25 Hagolan St Even Yehuda Israel 15. Tom Molcho Credit Card Debt $131,470 24 Hadera St, apt 14 Petah Tikva Israel 16. Elana Markovitz Starosta Credit Card Debt $131,310 14 Zihatli St Tel Aviv Israel 17. Shahar Mintz Credit Card Debt $130,858 96B Hahashmonaim Tel Aviv Israel 18. Karen Schapira Credit Card Debt $130,768 22 Hess St Tel Aviv Israel 19. Matan Lindenbaum Credit Card Debt $130,500 Habrosh 56 Binyamina Israel 20. Dganit Marshak Credit Card Debt $130,447 Shimshon Zelig 1 Rishon Lezion Israel WEIAND AUTO: MFT's CERCLA Claims Not Discharged by Plan ------------------------------------------------------- Judge Thomas M. Horan of the United States Bankruptcy Court for the District of Delaware concluded that the California state law claims the Mehrabian Family Trust assert in their action against debtor Weiand Automotive, Inc. in the United States District Court for the Central District of California were discharged by the plan confirmation order entered on June 7, 2010, but the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA") claims were not. Union Pacific Litigation Weiand Automotive operated a machine shop at 2316-24 North San Fernando Road from 1975 through 1986. During this time, Weiand Automotive operated a degreaser on the Weiand Site. The degreaser used perchloroethylene and disposed of it in the ground, contaminating the soil vapor and groundwater there. This PCE contamination migrated from the Weiand Site to neighboring properties. This contamination migration first garnered public attention in 1999 when Union Pacific Railroad Company, the owner of the adjacent Taylor Yard Property sued Weiand Automotive, claiming that PCE had migrated south into its property from the Weiand Site. Union Pacific sued not only Weiand Automotive but also the owner of another neighboring property, Profile Plastics. However, Union Pacific did not sue MFT, which owned the property situated directly between the Weiand Site and the property owned by Profile Plastics. In fact, there were no allegations made and no soil or groundwater samples that would suggest the MFT Property was contaminated or that any contamination on the Property was migrating elsewhere. Despite this, on August 28, 2000, Weiand Automotive filed a third-party complaint against Onnik Mehrabian and his wife, in their capacities as individuals and as owners of the MFT Property, seeking contribution and indemnification for potential claims by Union Pacific relating to cleanup costs for the Taylor Yard to the extent that MFT had any responsibility for the contamination. However, before service of this third-party complaint on MFT, the parties in the Union Pacific Litigation reached a settlement. In the settlement, Weiand Automotive sought contribution protection from MFT, and it served the motion and order approving the settlement upon the Mehrabians. Under the settlement, Weiand Automotive entered into a Voluntary Cleanup Agreement pursuant to which Weiand would identify the soil and groundwater contamination for which it was responsible and then provide and implement a Removal Action Workplan for that contamination. These tasks were to be overseen by the California Department of Toxic Substances Control. Weiand completed the Removal Action Workplan in 2003, and, while the exact extent of the contaminated soil was yet unidentified, the target for removal was a 25-foot radius from the site of the degreaser. Under this Removal Action Workplan, Weiand conducted remediation operations from 2005 through 2009, at which point DTSC determined that soil vapor concentrations had stabilized. However, no groundwater samples had been collected at the time, and, on September 1, 2009, DTSC urged the Weiand Parties to assess the groundwater impact of the PCE contamination at that time. On September 1, 2009, DTSC urged the Weiand Parties to assess the groundwater impact of the PCE contamination at that time. Before taking any such groundwater samples, on September 28, 2009, Weiand and its affiliates, including Holley Performance Products Inc., filed voluntary petitions for relief with this Court under chapter 11. The Debtors' Modified Amended Plan of Reorganization was confirmed on June 7, 2010 and went effective on June 22, 2010. MFT Litigation In 2014, MFT conducted PCE testing of the MFT Property and the Weiand Site, which MFT was leasing in connection with the Kia dealership MFT operated on the MFT Property. The sampling involved five subsurface testing sites on the Weiand Site and two on the MFT Property. The tests revealed that PCE levels on the MFT Property were six times the state and federal drinking water standards, standards which also served as the cleanup standards for contaminated sites. In 2017, MFT conducted soil vapor testing at the MFT Property, which further confirmed that contamination was migrating from the Weiand Site onto the MFT Property. These 2014 and 2017 samples were the only ones ever taken from the MFT Property. On March 20, 2015, MFT and CA Auto Mart Group, Inc. filed a complaint against Joan Weiand, the Joan F. Weiand Trust, and Weiand Automotive in the United States District Court for the Central District of California. There, the Plaintiffs alleged that hazardous substances including PCE were released onto the Weiand Site, which was owned at all relevant times by the Defendants, and migrated from the Weiand Site toward the neighboring property owned by MFT. The Plaintiffs asserted claims under CERCLA and various California state laws. On July 2, 2015, the Defendants in the California Action moved to dismiss the state law claims asserting, among other reasons, that that the Confirmation Order discharged the claims. At the same time, the Defendants also moved this Court to reopen the bankruptcy case to seek a determination that the claims in the California Action were barred. On September 11, 2015, the California Court granted the Defendant's motion to dismiss in part and denied it in part, and, in 2017, it entered an order finding that the appropriate course of action was for this Court to resolve the issue of whether the claims in the California Action were discharged by the Confirmation Order. The California Court then stayed its proceedings until this Court made its determination. The Court reopened this case on April 6, 2017, for the limited purpose of determining whether the confirmation of the Plan discharged the claims in the California Action by the bar date established in the Bankruptcy Cases. According to the Court, the CERCLA claims accrued post-petition because the evidentiary record does not support the finding that MFT incurred any "response costs" prepetition or pre-confirmation. Therefore, the CERCLA claims are not subject to the discharge provisions in the Confirmation Order, and the Plaintiffs may pursue these claims in the California Action. However, the Court finds California state law claims did accrue prepetition because the Plaintiffs knew or reasonably should have known that the PCE contamination might have migrated to the MFT Property. Because they should have known, they then should have investigated this potential migration and, had they investigated, they would have discovered, based on the evidence available to the Court, that contamination had migrated onto the MFT Property prior to the petition date. Therefore, the California state law claims did accrue prepetition, meaning that the Confirmation Order did discharge them, so long as notice was properly given to the Plaintiffs. Although MFT might have been a reasonably foreseeable creditor based on a thorough review of the Debtors' books and records, it was not a reasonably ascertainable one. MFT was then merely an unknown creditor entitled only to publication notice. The Debtors' publication of the bar date in USA Today satisfied the constitutional notice requirements for such unknown creditors, and, thus, notice was properly given. The Court concludes the CERCLA claims accrued post-confirmation, and they may thus be pursued in the California Action. However, the California state law claims accrued prepetition and constitutionally adequate notice was given, so the Confirmation Order did discharge them, meaning they may not be further pursued in the California Action. A copy of the Court's Opinion dated October 2, 2025, is available at http://urlcurt.com/u?l=BoeF8j About Holley Performance Holley Performance and its affiliates are suppliers of performance automotive products. The Company designs, manufactures, and markets a diversified line of performance automotive products, including carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, and automotive performance plumbing products. Holley Performance and its affiliates filed for Chapter 11 (Bankr. D. Del. Case No. 09-13333) on September 28, 2009. Pepper Hamilton LLP represented the Debtors in their restructuring effort. Ropes & Gray LLP served as corporate counsel. Epiq Bankruptcy Solutions LLC served as claims and notice agent. The Debtors' cases were assigned to Judge Peter J. Walsh. The petition said assets and debts were between $100 million and $500 million. Holley Performance returned to the bankruptcy court 19 months after winning court approval of its last reorganization plan. On June 7, 2010, the Delaware Bankruptcy Court entered an order confirming the Debtors' Amended Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, which entered effect on June 22, 2010. The case was closed on Feb. 27, 2012. WFL BUILDERS: Seeks to Hire Genova Malin & Trier LLP as Counsel --------------------------------------------------------------- WFL Builders, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Genova, Malin & Trier, LLP as counsel. The firm will render these services: a. give the Debtor legal advice with respect to its powers and duties in its financial situation and management of the property of the Debtor; b. take necessary action to void liens against the Debtor's property; c. attend meetings and negotiate with representatives of creditors and other parties in interest; d. prepare and amend, on behalf of the Debtor, necessary petitions, schedules, orders, pleadings and other legal papers; and e. perform all other legal services for the Debtor as Debtor which may be necessary. The firm's current billing rates are $450 per hour for partner time, and $200 per hour for paralegal services. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer in the amount of $15,000. Michelle Trier, Esq., an attorney at Genova, Malin & Trier, 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: Andrea B. Malin, Esq. Michelle L. Trier, Esq. Genova, Malin & Trier LLP Hampton Business Center 1136 Route 9 Wappingers Falls, NY 12590 Tel: (845) 298-1600 About WFL Builders, LLC WFL Builders, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-36052) on October 7, 2025, listing $100,001 to $500,000 in assets and up to $50,000 in liabilities. Judge Kyu Young Paek presides over the case. Michelle L Trier, Esq. at Genova, Malin & Trier, LLP represents the Debtor as counsel. X4 PHARMA: Coastlands Capital Entities Hold 9.99% Stake ------------------------------------------------------- Coastlands Capital LP, Coastlands Capital Partners LP, Coastlands Capital GP LLC, Coastlands Capital LLC, and Matthew D. Perry, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of October 3, 2025, they beneficially own 2,491,638 shares of Common Stock, par value $0.001 per share, issuable upon exercise of pre-funded warrants, of X4 Pharmaceuticals, Inc., representing 9.99% of the class (based on 22,449,689 shares outstanding as of August 13, 2025, as reported in the Company's Form S-3). Coastlands Capital LP may be reached through: Mark Shamia - Chief Operating Officer c/o Coastlands Capital LLC 601 California Street, Suite 1210, San Francisco, Calif. 94108 Tel: (415) 249-1280 A full-text copy of the SEC report is available at https://tinyurl.com/3mh673xs About X4 Pharmaceuticals Boston, Mass.-based X4 Pharmaceuticals, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing novel therapeutics for the treatment of rare diseases and those with limited treatment options, particularly conditions resulting from immune system dysfunction. Boston, Mass.-based PricewaterhouseCoopers LLP, the Company'sauditor since 2016, issued a "going concern" qualification in its report dated March 25, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2024, X4 Pharmaceuticals had $146.45 million in total assets, $124.23 million in total liabilities, and $22.15 million in total shareholders' equity. As of June 30, 2025, it had $105.17 million in total assets, $101.2 million in total liabilities, and $3.97 million in total shareholders' equity. XEROX HOLDINGS: S&P Downgrades ICR to 'B-', Outlook Negative ------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Xerox Holdings Corp. to 'B-' from 'B'. S&P also lowered its issue-level ratings on its senior secured term loan and first-lien notes to 'B+' from 'BB-', on its second-lien notes to 'B-' from 'B' and, on its senior unsecured notes to 'CCC+' from 'B-'. The negative outlook reflects Xerox's challenges in returning to long-term organic revenue growth and significant core FOCF generation. Given weakening debt investor sentiment, S&P is more uncertain about its ability to successful refinance its 2028 and 2029 debt maturities at par. At the same time, S&P expects the company to have sufficient liquidity to cover debt servicing needs until those maturities. Xerox Holdings Corp.'s return to significant core free operating cash flow (FOCF) is highly dependent on successfully integrating Lexmark as planned, improving profitability, and stabilizing revenues in a secularly challenged core print market. This is on top of restructuring activities from its Reinvention transformation program, amid ongoing macroeconomic and U.S. policy uncertainties. In S&P's view, these execution risks, integration and restructuring costs, and decreasing cash inflows from finance receivable reductions create more uncertainty about its ability to refinance its notes due in 2028 and 2029. This is in addition to weakening investor sentiment with its unsecured debt trading at levels that would result in onerous interest rates upon refinancing. There is a risk that Xerox may face difficulties refinancing its 2028 and 2029 debt maturities while core FOCF remains weak. S&P said, "Our rating action does not incorporate any information regarding upcoming third-quarter 2025 results, which we will review along with any new information to assess the sustainability of Xerox's current capital structure and the risk of a transaction that offers debt investors less than the original promise. Nonetheless, we are more uncertain about its ability to successfully refinance its $750 million senior unsecured notes due in 2028 and $500 million notes in 2029 at favorable interest rates." S&P said, "We believe the company should have sufficient liquidity to cover debt servicing and maturities over the next 24 months. This is due to over $600 million of planned proceeds from finance receivable reductions by the end of 2026, potential cost savings and synergies, and a reduction in reported dividends to an annual run-rate of about $27 million going forward. There is no stated plan for further finance receivable reductions beyond this point and we do not consider this strategy a sustainable long-term source of liquidity. Therefore, Xerox's long-term liquidity and its ability to refinance its 2028 and 2019 debt maturities at favorable rates will require a significant improvement in core FOCF generation and its operating performance. "However, we believe an uncertain macroeconomic, trade, and policy environment has added to the challenges Xerox already faces in stabilizing organic revenues, improving profitability, and returning to significant core FOCF generation before these debt maturities. Core FOCF excludes one-off Lexmark integration costs and the benefit from decreasing finance receivables. Its core print market remains in secular decline with the International Data Corp. expecting a 3.8% compound annual decline for U.S. printer volumes from 2024 to 2029. Although Lexmark provides greater exposure to the better performing A4 color market, its revenue growth is only expected to be flat in 2026. Furthermore, tariff-related expenses and costs to implement the Reinvention transformation weigh on near-term EBITDA margins and core FOCF generation. "Although we have not materially updated our near-term base case forecasts and will do so after reviewing third-quarter results, continued trade and policy uncertainties reduce our confidence in a return to significant core FOCF in the next 12 months. "The negative outlook reflects the secular print demand challenges, decreasing benefit from finance receivable reductions, and costs related to Xerox's transformation program and Lexmark integration. This results in execution risks in returning to long-term organic revenue growth and significant core FOCF generation. In addition to significantly lower trading levels for its unsecured notes indicating weakening market sentiment, we believe there are greater risks around it successfully refinancing its 2028 and 2029 debt maturities at equivalent to the original promise. "We could lower our rating at any point within the next 12 months if we believe its capital structure is unsustainable." This could be indicated by increased refinancing risk or greater likelihood that its senior unsecured notes could be refinanced at a discount. This could be because: -- It cannot stabilize declining organic revenue or its operating performance is worse than S&P expects in its base case forecasts. This could be due to weak print industry demand, competitive pressures, difficulties integrating Lexmark or strategic execution mishaps; -- S&P does not expect it to return to significant positive core FOCF over the next 12 months or its liquidity position deteriorates. Core FOCF excludes one-time Lexmark integration costs and the benefit from a decreasing finance receivables portfolio; or -- Weakening market sentiment reduces our confidence in its ability to refinance its debt maturities in 2028 and 2029 at par. S&P would revise its outlook to stable if: -- Successful execution of the Reinvention program and integration of Lexmark helps stabilize long-term reported revenues. This could be due to A4 color and IT and digital service revenue contributions offsetting declining A3 print revenues; -- The company returns to significant positive core FOCF generation; and -- Xerox establishes and begins to implement a credible plan to repay or refinance its 2028 and 2029 debt maturities. ZEN JV: Seeks to Hire Forvis Mazars LLP as Tax Services Provider ---------------------------------------------------------------- ZEN JV LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Forvis Mazars, LLP as tax services provider. Forvis Mazars' will perform tax compliance services focused on the preparation of tax return documents for the periods ended in 2024 in the relevant, federal, state, and international jurisdictions. The firm will be paid at these fees: (i) a flat fee of $165,000; and (ii) all reasonable billed travel costs and fees for services provided under this engagement, as well as all reasonable out-of-pocket expenses associate with Forvis Mazars' services. The firm holds a retainer in the amount of $15,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Timothy Evans, a partner at Forvis Mazars, 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: Timothy Evans Forvis Mazars, LLP 910 East St Louis Street Springfield, MO 65806 Tel: (417) 865-8701 About Zen JV LLC Zen JV, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11195) on June 24, 2025, listing up to $100 million in assets and up to $500,000 in liabilities. Jeff Furman, chief executive officer of Zen JV, signed the petition. Judge Kate Sickles oversees the case. Zachary I. Shapiro, Esq., at Richards, Layton & Finger, P.A., is the Debtor's legal counsel. JMB Capital Partners Lending, LLC, as DIP lender, is represented by Matthew B. Lunn, Esq., and Robert F. Poppiti, Jr., Esq. of Young Conaway Stargatt & Taylor, LLP, and Robert M. Hirsh, Esq., and James A. Copeland, Esq. of Norton Rose Fulbright US LLP. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Zen JV, LLC and its affiliates. ZEN JV: Updates Other Secured Claims Pay Details ------------------------------------------------ Zen JV, LLC and its debtor affiliates submitted a Second Amended Combined Plan and Disclosure Statement dated October 3, 2025. The Combined Plan and Disclosure Statement constitutes a joint liquidating chapter 11 plan for the Debtors and provides for the Distribution of the Debtors' Assets already liquidated or to be liquidated over time to the Holders of Allowed Claims in accordance with the terms of the Combined Plan and Disclosure Statement and the priority of claims provisions of the Bankruptcy Code. Class 2 consists of all Other Secured Claims. On the Effective Date or as soon thereafter as is reasonably practical, or on the date such Claim becomes an Allowed Other Secured Claim or as soon thereafter as is reasonably practical, each Holder of an Allowed Other Secured Claim shall receive either (a) such treatment as such Holder agrees, or (b) at the Debtors' option, (i) payment in full in Cash of such Holder's Allowed Other Secured Claim; (ii) the collateral securing such Holder's Allowed Other Secured Claim; or (iii) such other treatment rendering such Holder's Allowed Other Secured Claim Unimpaired in accordance with section 1124 of the Bankruptcy Code. On the Effective Date, the Liquidation Trustee shall sign the Liquidation Trust Agreement and, in his, her or its capacity as Liquidation Trustee, accept all Liquidation Trust Assets and be authorized to obtain, collect, seek the turnover of, liquidate, and collect all of the Liquidation Trust Assets not in its possession or control. The Liquidation Trust will then be created and effective without any further action by the Bankruptcy Court or any Person as of the Effective Date. The Liquidation Trust shall be established for the primary purpose of liquidating the Liquidation Trust Assets and making Distributions in accordance with the Combined Plan and Disclosure Statement and the Liquidation Trust Agreement, with no objective to continue or engage in the conduct of a trade or business, except only in the event and to the extent necessary to, and consistent with, the liquidating purpose of the Liquidation Trust. The Liquidation Trust shall be the successor-in-interest to the Committee. The Holders of Allowed General Unsecured Claims entitled to Distributions hereunder shall be the Liquidation Trust Beneficiaries and shall be bound by the Liquidation Trust Agreement. The interests of the Liquidation Trust Beneficiaries in the Liquidation Trust shall be uncertificated and transferable in accordance with the terms set forth in the Combined Plan and Disclosure Statement and the Liquidation Trust Agreement. Notwithstanding any other provision of the Combined Plan and Disclosure Statement, no payment or Distribution of Cash or other property shall be made with respect to any portion of a Disputed Claim unless and until all objections to such Claim are resolved by Final Order or as otherwise permitted by the Combined Plan and Disclosure Statement. Solely after the Liquidation Trustee has reimbursed the Prepetition Notes Agent in full for any Reserve Deficiency Payment made in accordance with the Combined Plan and Disclosure Statement, the Liquidation Trustee is authorized to establish one or more Cash reserves for the benefit of Holders of Disputed General Unsecured Claims pending a determination of their entitlement thereto under the terms of the Combined Plan and Disclosure Statement. A full-text copy of the Second Amended Combined Disclosure Statement and Plan dated October 3, 2025 is available at https://urlcurt.com/u?l=3YLFwU from Omni Agent Solutions, Inc., claims agent. Co-Counsel for the Debtors: Ray C. Schrock, Esq. Candace M. Arthur, Esq. LATHAM & WATKINS LLP 1271 Avenue of the Americas New York, NY 10020 Telephone: (212) 906-1200 Facsimile: (212) 751-4864 Email: ray.schrock@lw.com candace.arthur@lw.com - and - Jonathan C. Gordon, Esq. LATHAM & WATKINS LLP 330 North Wabash Avenue, Suite 2800 Chicago, IL 60611 Telephone: (312) 876-7700 Email: jonathan.gordon@lw.com - and - Daniel J. DeFranceschi, Esq. Zachary I. Shapiro, Esq. Huiqi Liu, Esq. Clint M. Carlisle, Esq. Colin A. Meehan, Esq. RICHARDS, LAYTON & FINGER, P.A. One Rodney Square 920 North King Street Wilmington, DE 19801 Telephone: (302) 651-7700 Email: defranceschi@rlf.com shapiro@rlf.com liu@rlf.com carlisle@rlf.com meehan@rlf.com About Zen JV LLC Zen JV, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11195) on June 24, 2025, listing up to $100 million in assets and up to $500,000 in liabilities. Jeff Furman, chief executive officer of Zen JV, signed the petition. Judge Kate Sickles oversees the case. Zachary I. Shapiro, Esq., at Richards, Layton & Finger, P.A., is the Debtor's legal counsel. JMB Capital Partners Lending, LLC, as DIP lender, is represented by Matthew B. Lunn, Esq., and Robert F. Poppiti, Jr., Esq. of Young Conaway Stargatt & Taylor, LLP, and Robert M. Hirsh, Esq., and James A. Copeland, Esq. of Norton Rose Fulbright US LLP. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Zen JV, LLC and its affiliates. ZMETRA LAND: Case Summary & Three Unsecured Creditors ----------------------------------------------------- Debtor: Zmetra Land Holdings, LLC 2 Old Worcester Road Webster MA 01570 Business Description: Zmetra Land Holdings, LLC engages in property management and owns a property at 2 Old Worcester Road in Webster, Massachusetts, valued at about $2.5 million. Chapter 11 Petition Date: October 9, 2025 Court: United States Bankruptcy Court District of Massachusetts Case No.: 25-41079 Debtor's Counsel: James L. O'Connor, Jr., Esq. SEDER & CHANDLER, LLP 780 Main Street Fitchburg MA 01420 Tel: 774-548-1243 Email: joconnor@sederlaw.com Total Assets: $2,962,293 Total Liabilities: $1,835,238 The petition was signed by Joseph R. Zmetra as 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/2LGVP6I/Zmetra_Land_Holdings_LLC__mabke-25-41079__0001.0.pdf?mcid=tGE4TAMA ZOLLEGE PBC: Saratoga Investment Marks $1.5MM 1L Loan at 25% Off ---------------------------------------------------------------- Saratoga Investment Corp. has marked its $1,539,130 loan extended to Zollege PBC to market at $1,158,965 or 75% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended August 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a First Lien Term Loan to Zollege PBC. The loan accrues interest at a rate of 4.84% PIK payment in kind per annum. The loan matures on August 9, 2027. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Zollege PBC Zollege PBC operates as a tech-enabled apprenticeship and education company that offers vocational training programs such as dental assistant, medical assistant, nurse, software developer, and cybersecurity specialist programs. ********* 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. 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