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

              Friday, October 24, 2025, Vol. 29, No. 296

                            Headlines

1 SANDPIPER: Seeks to Extend Plan Exclusivity to January 12, 2026
12 E 72ND: Dec. 11 Sale of Interest Securing $31MM Loan
25 MYRENT: Yann Geron of Geron Legal Named Subchapter V Trustee
3000 E. IMPERIAL: Seeks to Extend Plan Exclusivity to Jan. 12, 2026
47 HARVARD TRUST: Involuntary Chapter 11 Case Summary

513 BROADWAY: Secured Party Seeks Dec. 9 Auction
568 REALTY: Claims to be Paid from Available Cash & Contribution
AGI SOURCING: Unsecureds Will Get 2% of Claims in Plan
AMBIPAR EMERGENCY: Case Summary & Two Unsecured Creditors
AMBIPAR EMERGENCY: Seeks Chapter 11 Bankruptcy with $328.3MM Debt

AMERICA'S GARDENING: Nov. 17 Claims Bar Date
ARENA GROUP: Acquires Digital Assets of Lindy's Sports
ARENA GROUP: Acquires ShopHQ IP From IV Media
ASCEND PERFORMANCE: Court Approves Disclosure Statement in Ch. 11
AVON PRODUCTS: Plan Effective Date Occurred Oct. 7

B+H ARCHITECTS: Gets CCAA Initial Stay Order; KSV as Monitor
BAGBY INVESTMENT: Case Summary & Three Unsecured Creditors
BAND OF CODERS: Cameron McCord Named Subchapter V Trustee
BB CAPITAL: Voluntary Chapter 11 Case Summary
BEACON LIGHT: Case Summary & One Unsecured Creditor

BIMERGEN ENERGY: Names Johnson, Brilon Co-CEOs After Tran Exit
BOSSCAT INC: Seeks Chapter 7 Bankruptcy in Texas
BRISTOW GROUP: S&P Upgrades ICR to 'B+', Outlook Positive
BUFNY II: Oct. 25 Foreclosure Sale of 7 Properties
CARRIOX CAPITAL: Seeks Chapter 11 Bankruptcy Together Affiliates

CARRIOX CAPITAL: Voluntary Chapter 11 Case Summary
CELSIUS NETWORK: Ex-CEO's Lawyers Seek Quick Ch. 11 Case Exit
CHILL LABS: Seeks Chapter 11 Bankruptcy in Texas
CHILL LABS: Voluntary Chapter 11 Case Summary
CORCHIS CAPITAL: U.S. Trustee Unable to Appoint Committee

COSMOS HEALTH: Regains Minimum Bid Price Compliance
COUNTRY GARDEN: Nov. 14, 2025 Chapter 15 Recognition Hearing
COUTURE INVESTMENTS: Voluntary Chapter 11 Case Summary
D SAN JOSE: Voluntary Chapter 11 Case Summary
DEALER 2023: Seeks Chapter 11 Bankruptcy in Texas

DS FORDHAM: Dec. 2 Auction of Equity Interest Securing $55.1MM Loan
EAD CONSTRUCTORS: Case Summary & 20 Largest Unsecured Creditors
EDWARDS BODY: Carol Fox of GlassRatner Named Subchapter V Trustee
ELANCO ANIMAL: Moody's Rates Sr. Secured Bank Facilities 'Ba1'
ELECTRIC PLAYHOUSE: Seeks Chapter 11 Bankruptcy, Faces Eviction

ESPERANZA ELEMENTARY: S&P Rates 2025A/B School Revenue Bonds 'BB'
FERRELLGAS PARTNERS: Prices Offering of $650M of 9.25% Senior Notes
FIRST BRANDS: CEO Patrick James Faces Overtime Pay Lawsuit
FIRST BRANDS: U.S. Trustee Seeks Appointment of Examiner
FOSSIL (UK) GLOBAL: Chapter 15 Case Summary

FOSSIL (UK): Seeks Chapter 15 Bankruptcy in Texas
FTX TRADING: Kroll Wants Hack Suit Dismissed, Moved or Arbitrated
GENESIS HEALTHCARE: No Decline in Resident Care, PCO Report Says
GENESIS HEALTHCARE: No Resident Care Concern, 1st PCO Report Says
GENESIS HEALTHCARE: Quality of Care Maintained, 1st PCO Report Says

GENESIS HEALTHCARE: Residents Appeal Owner’s Legal Shield
GFW PROPERTIES: Case Summary & Seven Unsecured Creditors
GLENWOOD GFB: Mark Dennis of SL Biggs Named Subchapter V Trustee
GRACE ROYALS: Mark Dennis of SL Biggs Named Subchapter V Trustee
GROFF TRACTOR: Section 341(a) Meeting of Creditors on Nov. 21

GROUPE LAR: Gets Initial Stay Until 2026, PWC as Monitor
GUARDIAN ELDER: Seeks to Extend Plan Exclusivity to Jan. 12, 2026
GWG HOLDINGS: $50.5M D&O Settlement Approved in Bankruptcy Case
HDLV CONSOLIDATION: To Sell New Orleans Property to HPMBR LLC
HEARDMONT HEALTH: Section 341(a) Meeting of Creditors on Nov. 20

HIGH ZZEAZZZ: George Oliver Named Subchapter V Trustee
HIGHER GROUND: Nov. 24 Plan, Disclosures Final Approval Hearing
HILLSDALE PALLETS: Scott Chernich Named Subchapter V Trustee
HOLOGIC INC: S&P Places 'BB+' Unsecured Notes Rating on Watch Neg.
HUDSON 1701/1706: Case Summary & 19 Unsecured Creditors

HYPERSCALE DATA: Declares Dividends on Series D, E Preferred Stock
JACKSON HOSPITAL: No Patient Care Concern, 4th PCO Report Says
JASS LLC: Mark Dennis of SL Biggs Named Subchapter V Trustee
JJ BADA: Seeks to Sell Restaurant Assets at Online Auction
KB OXFORD: Dec. 4 Auction of Equity Interest Securing $22.4MM Loan

KINGDOM AMBASSADOR: Stephen Metz Named Subchapter V Trustee
LAKE BUENA VISTA: Case Summary & Four Unsecured Creditors
LEHMAN BROTHERS: Court OKs Amendment Plan Trust Agreement
MAIN LINE: Richard Furtek Named Subchapter V Trustee
MAWSON INFRASTRUCTURE: Court Dismisses Involuntary Bankruptcy Case

MAWSON INFRASTRUCTURE: Terminates $12M ATM Deal With Roth, A.G.P.
MB RITZ LLC: Voluntary Chapter 11 Case Summary
MB RITZ VILLA: Voluntary Chapter 11 Case Summary
MEADOWS MEZZ: Dec. 9 Sale of Equity Interest Securing $12MM Loan
MEDICINE MAN: Nov. 13 Auction of Personal Properties

MIDDLETON CONSTRUCTION: Case Summary & Six Unsecured Creditors
MIDDLETON CONSTRUCTION: Seeks Chapter 11 Bankruptcy in Texas
MISTER M&K TRUCKING: Seeks Chapter 11 Bankruptcy in Texas
MOMOF4WELLNESS LLC: Seeks Chapter 7 Bankruptcy in Texas
MYRTLE HOUSING: Case Summary & Seven Unsecured Creditors

NOVA RTP II: Voluntary Chapter 11 Case Summary
OCEAN VIEW: BNS Loan Default Cues CCAA Filing; SR Stack as Monitor
OHIO POWER: Moody's Rates New Sr. Secured Credit Facilities 'Ba3'
ONE DOOR KNOB: Holly Miller Named Subchapter V Trustee
ORLANDO INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors

PARIS312 LLC: Matthew Brash of Newpoint Named Subchapter V Trustee
PETCO HEALTH: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
PHAIR COMPANY: Court OKs Appointment of Thomas Hebrank as Examiner
PLZ CORP: Moody's Lowers CFR to Caa1 & Alters Outlook to Negative
POWIN LLC: Plan, Disclosure Statement Hearing on Nov. 25

PRIMALEND CAPITAL: Voluntary Chapter 11 Case Summary
PROSPECT MEDICAL: Hartford HealthCare Wins Auction for 2 Hospitals
PURDUE PHARMA: Creditors Approve $7.4B Chapter 11 Settlement Plan
PURDUE PHARMA: Fights Baltimore Objection Before Ch. 11 Plan Trial
PUSHPA INTERNATIONAL: Section 341(a) Meeting of Creditors on Nov. 6

REBORN PHOENIX: Rental Income & Contribution to Fund Plan
RECIPE UNLIMITED: S&P Assigns 'BB' ICR, Outlook Stable
RICCA REAL: Kathleen DiSanto Named Subchapter V Trustee
RICKY SELLERS: Case Summary & 12 Unsecured Creditors
RIFLE RFB: Mark Dennis of SL Biggs Named Subchapter V Trustee

RISE MANAGEMENT: Fine-Tunes Plan Documents
RITE AID: Brand and IP Assets Up for Sale Amid Bankruptcy Process
RMS CARRIERS: U.S. Trustee Unable to Appoint Committee
ROBRAD TOOL: Joseph Cotterman Named Subchapter V Trustee
RP THE REYNOLDS: Voluntary Chapter 11 Case Summary

RUNITONETIME LLC: Seeks to Extend Plan Exclusivity to Feb. 9, 2026
SMILES AROUND: Case Summary & 10 Unsecured Creditors
SMITH MICRO: Warrant Share Issuance Under Nasdaq Rule 5635(d) OK'd
SPIRIT AVIATION: Court Directs U.S. Trustee to Appoint Examiner
SPV MD SALE: Case Summary & Four Unsecured Creditors

SRX HEALTH: Receives NYSE American Notice for Equity Deficiency
STEALTH ONSITE: Seeks Chapter 7 Bankruptcy in Texas
STREETS OF NEW YORK: Michael Carmel Named Subchapter V Trustee
SUMMIT AUTOMOTIVE: Pursues Restructuring Under CCAA Protection
SURGERY CENTER: Section 341(a) Meeting of Creditors on November 25

TRANSDIGM INC: Moody's Affirms 'B1' CFR, Outlook Stable
UNITED AIRLINES: S&P Assigns 'BB+' Rating on 2025 Revenue Bonds
VERSANT MEDIA: Moody's Rates New $1BB Senior Secured Notes 'Ba2'
VETCOR LLC: Michael Markham Named Subchapter V Trustee
VILLAGE ROADSHOW: Justifies Auction Against Warner Bros. Offer

VIVAKOR INC: Converts $1.05M Junior Secured Note Into 10.9M Shares
WAHEGURU LLC: Mark Dennis of SL Biggs Named Subchapter V Trustee
WAHEGURU LLC: Seeks Subchapter V Bankruptcy in Colorado
WATER'S EDGE: Determination of Brown Rudnick Fee Request Deferred
WELL RUN: Case Summary & Eight Unsecured Creditors

WELL RUN: Linda Gore Named Subchapter V Trustee
WELLMADE FLOOR: Nov. 21, 2025 Claims Bar Date Set
WEST CENTRO: Fine-Tunes Plan Documents
WINDOW SELECT: Cannella Loses Partial Summary Judgment Bid
WOODBRIDGE GROUP: Court Sides With Trustee in Broker Clawback Case

YELLOW CORPORATION: To Sell Properties to Multiple Buyers
[] Joshua Altman Joins Neal Gerber's Restructuring Practice
[] LegalShield Index Shows Rise in Bankruptcy-Related Inquiries
[] Three Prominent Restructuring Lawyers Join Latham & Watkins

                            *********

1 SANDPIPER: Seeks to Extend Plan Exclusivity to January 12, 2026
-----------------------------------------------------------------
1 Sandpiper, LLC asked the U.S. Bankruptcy Court for the Eastern
District of North Carolina to extend its exclusivity periods to
file a plan of reorganization to January 12, 2026.

The Debtor is a Florida limited liability company that has operated
for the past nine years as a vacation rental facility in Marathon,
Florida. The Debtor seeks to reorganize operations, reduce cash
flow requirements and continue with this line of business through a
consensual reorganization under Chapter 11.

The Debtor explains that Confirmation Hearing has been continued to
December 9, 2025, to allow the company and its only antagonistic
creditor, Pinnacle Business Funding, LLC, dba Custom Capital USA,
to participate in a mediation to hopefully resolve their disputes
and arrive at a fully consensual plan of reorganization.

The Debtor claims that it has significant support for its plan, and
believes that it will be able to confirm the same, but hopes to
resolve its disputes with Custom Capital so that the confirmation
may be consented to by all participating parties.

1 Sandpiper, LLC is represented by:

     Danny Bradford, Esq.
     Bradford Law Offices
     455 Swiftside Drive #106
     Cary, NC 27518-7198
     Tel: (919) 758-8879
     Email: Dbradford@bradford-law.com

                     About 1 Sandpiper LLC

1 Sandpiper, LLC owns a vacation rental property located at 1
Sandpiper Lane in Marathon, Fla. The property is valued at $3.65
million.

1 Sandpiper sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D.N.C. Case No. 25-01836) on May 15, 2025. In its
petition, the Debtor reported total assets of $3,822,330 and total
liabilities of $8,836,717.

Judge Pamela W. McAfee handles the case.

The Debtor is represented by Danny Bradford, Esq., at Paul D.
Bradford, PLLC.


12 E 72ND: Dec. 11 Sale of Interest Securing $31MM Loan
-------------------------------------------------------
NYC SFR Portfolio LLC, c/o NYC Multifamily Portfolio LLC,
successor-in-interest to Axos Bank, will offer for sale at public
auction (1) 100% of the limited liability membership interests in
12 E 72nd LLC ("Pledged Entity"), held by Edward L. Croman, Steven
Croman, Harriet Croman, and 12 East 72nd Manager LLC ("Grantors"),
together with (2) all cash payments in kind, principal, interest,
fees, commissions, reimbursements, and other payments made pursuant
to the Articles of Organization and Limited Liability Company
Agreement of Pledged Entity in each case relating to the Membership
Interests in Pledged Entity.

The Sale will take place on December 11, 2025, at 2:00 p.m. Eastern
Time both (i) at Moritt Hock & Hamroff LLP, 1407 Broadway, 39th
Floor, New York, and (ii) virtually via online video conference.

The Sale is being made in connection with the foreclosure on a
pledge of the Collateral to the Secured Party by Pledged Party
pursuant to which Grantors have granted to Secured Party a first
priority lien on the Collateral as collateral for a loan in the
original principal amount of $31,000,000 from Secured Party to
Pledged Entity and Grantor Steven Croman. The Loan was made
pursuant to a certain Note dated August 25, 2023.

Grantors own the Membership Interests, which constitute the
principal assets of the Pledged Entity. The Pledged Entity is the
owner of a real property located at 12-14 East 72nd Street, in New
York.

An online datasite for the Sale is available at
http://www.12East72ndStUCCSale.com

Questions may be directed to Brett Rosenberg, Senior Managing
Director at JLL Capital Markets at (212) 812-5926 or
Brett.Rosenberg@jll.com


25 MYRENT: Yann Geron of Geron Legal Named Subchapter V Trustee
---------------------------------------------------------------
The U.S. Trustee for Region 2 appointed Yann Geron, Esq., at Geron
Legal Advisors, LLC as Subchapter V trustee for 25 My RentCo, LLC.


Mr. Geron will be paid an hourly fee of $890 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Yann Geron, Esq.
     Geron Legal Advisors, LLC
     370 Lexington Avenue, Suite 1101
     New York, NY 10017
     Phone: (646) 560-3224
     Email: ygeron@geronlegaladvisors.com

                       About 25 My RentCo LLC

25 My RentCo, LLC is a New York limited liability company that
serves as a holding entity for the remaining sponsor-controlled
condominium units at 25 Murray Street, New York City. It acquired
fee ownership of the units from Tribeca Mews Ltd. in July 2011 and
became the successor sponsor under the property's condominium
offering plan.

25 My RentCo filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12280) on October 16,
2025, listing between $10 million and $50 million in assets and
between $100,001 and $500,000 in liabilities.

Judge Martin Glenn presides over the case.

Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin, LLP
represents the Debtor as legal counsel.


3000 E. IMPERIAL: Seeks to Extend Plan Exclusivity to Jan. 12, 2026
-------------------------------------------------------------------
3000 E. Imperial, LLC and affiliates asked the U.S. Bankruptcy
Court for the Central District of California to extend their
exclusivity periods to file a plan of reorganization and obtain
acceptance thereof to January 12, 2026, and March 13, 2026,
respectively.

The Debtors seek this first extension of the exclusivity period for
filing a plan and obtaining acceptances of a plan to allow
sufficient time for the Debtors to proceed through the disclosure
statement and plan confirmation process and to make any necessary
modifications or amendments thereto without the distraction and
expense of a competing plan.

The Debtors claim that they are negotiating with creditors and
investors and intend to submit a consolidated plan which will
provide for all proceeds derived from the liquidation of real
property and recoveries from claims of the estate to be distributed
to creditors and then to equity security holders. Once funds
satisfy the debts of the Debtor 3000 E. Imperial, then the balance
of funds will be paid pro rata to the PMR entities, to creditors
and equity security holders.

The Debtors explain that they have made progress toward
reorganization. The CRO has been engaged in communications with
multiple creditors and investors regarding the plan and plan
treatment in an effort to achieve a consensual plan. The CRO, on
behalf of Debtors, is seeking to move expeditiously in these Cases
to filing a plan and plan confirmation.

The Debtors cite that they are working cooperatively with their
creditors and investors. Since the September 3, 2025 status
conference, 3000 E. Imperial has entered into a proposed settlement
agreement with claimant Jiaqi Zou and has filed a motion to approve
the settlement, which currently is set for hearing on October 22,
2025.

In addition, the Debtors have entered into a proposed settlement
agreement with the seven plaintiffs in arbitration which, if
approved, will resolve the arbitration, and have filed a motion to
approve the settlement. Both motions are set for hearing on
November 5, 2025. The two proposed settlements will have a large
impact on the duration of the plan and the ability for the Debtors
to pay creditors.

The Debtors assert that they are not using exclusivity as a
tactical device to force creditors to accept a proposed plan. The
Debtors will propose what they believe to be fair and equitable
terms for payment of creditors' claims. The extension of
exclusivity is not to pressure any creditor to submit to any
reorganization demands. If exclusivity is terminated, the Debtors
may be forced to divert time and resources away from the
reorganization process to defend against competing plans.

The Debtors further assert that a competing plan battle will
complicate the cases and would result in substantial extra costs
that might otherwise be avoided. The CRO and the Debtors have been
and will continue to be extremely diligent in moving the Cases
toward plan confirmation. Accordingly, the Court should grant the
Motion and extend the Debtors' exclusive period to (1) file a plan
of reorganization by approximately 60 days; and (2) solicit
acceptances of the plan of reorganization by 60 days.

Counsel to the Debtors:

     Jeffrey I. Golden, Esq.
     Golden Goodrich LLP
     3070 Bristol Street, Suite 640
     Costa Mesa, California 92626
     Telephone: (714) 966-1000
     Facsimile: (714) 966-1002

                       About 3000 E. Imperial LLC

3000 E. Imperial LLC is a real estate holding company that manages
commercial property in Buena Park, California.

3000 E. Imperial LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11912) on July 14,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Mark D. Houle handles the case.

The Debtor is represented by Jeffrey I. Golden, Esq., at Golden
Goodrich LLP.


47 HARVARD TRUST: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor:            47 Harvard Trust, LLC
                           286 Newbury Street, 4th Floor
                           Boston, MA 02116-2424

Business Description:      47 Harvard Trust is a single-property
                           real estate entity with main assets at
                           47 Harvard Street, Worcester, MA 01609-
                           2840.

Involuntary Chapter
11 Petition Date:          October 22, 2025

Court:                     United States Bankruptcy Court
                           District of Massachusetts

Case No.:                  25-12277

Petitioners' Counsel:      Neil Kreuzer, Esq.
                           LAW OFFICE OF NEIL KREUZER
                           286 Newbury Street, 4th Floor
                           Boston, MA 02116-2424
                           Tel: (617) 872-5347
                           Email: nkreuzer@aol.com

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

https://www.pacermonitor.com/view/H5PCAUA/47_Harvard_Trust_LLC__mabke-25-12277__0001.0.pdf?mcid=tGE4TAMA

Alleged creditor who signed the petition:

Petitioner                      Nature of Claim    Claim Amount

MS Funding LLC                         Loan                   $_
286 Newbury Street
4th Floor
Boston, MA 02116-2424


513 BROADWAY: Secured Party Seeks Dec. 9 Auction
------------------------------------------------
For default in payment of a debt and performance of obligations
owed by 513 Broadway Realty, LLC, to SIG CRE 2023 Venture LLC, at
1:00 p.m. (prevailing Eastern Time), on December 9, 2025, at the
law offices of Polsinelli PC, 600 Third Avenue, 42nd Floor, New
York, and via Zoom video conference
https://polsinelli.zoom.us/j/96744188439?pwd=VeoNPkVxVS8Nw2AsrDD5GvlC2EjD8K.1
Meeting ID Number: 967 4418 8439, passcode: 616357, Secured Party
will sell at public auction the Debtor's interest in:

(i) the Cooperative Interest to Unit 1A located at the building
known by the street address 513-515 Broadway, New York, and the 17
shares of stock of 515 Broadway Corp., and

(ii) the proprietary lease dated as of May 3, 2006, with respect to
the Unit between the Corporation, as lessor, and 513 Broadway
Realty, LLC, as lessee.

All parties seeking to submit a bid at the sale must deliver a
deposit at least two business days prior to the sale by delivering
to Polsinelli PC, as escrow agent, an amount equal to at least 10%
of the party's proposed bid amount.

For further information and/or to request an accounting, contact:

     Amy E. Hatch, Esq.
     Polsinelli PC
     900 W. 48th Place, Suite 900
     Kansas City, Missouri 64112
     Tel: (816) 753-1000
     Fax: (816) 753-1536
     Email: ahatch@polsinelli.com


568 REALTY: Claims to be Paid from Available Cash & Contribution
----------------------------------------------------------------
568 Realty, LLC, asked the U.S. Bankruptcy Court for the Southern
District of New York a Disclosure Statement describing Plan of
Reorganization dated October 15, 2025.

The Debtor is the owner of nine cooperative units located at 325
East 201 Street, Bronx, NY 10458. Debtor's offices are located at
469 7th Avenue, Suite 105, New York, NY.

The Debtor was formed as a limited liability company on December 6,
2004, for the purpose of holding the ownership interest in
cooperative units 6L, 6D, 5L, 5H, 3F, 4J, 5M, 2J, 2L, 325 East 201
Street, Bronx, NY (the "Co-op Units"). The Co-op Units are valued
by the Debtor at approximately $2,300,000.

The Debtor is in dispute with the cooperative board represented by
the management company Bainbridge House, Inc. regarding, among
other issues: (1) SCRIE payments that were not remitted to Debtor,
(2) failure to maintain the common areas, (3) discriminatory
practices by charging late fees only to Debtor and no other unit
holders, (4) illegal repair charges, (5) failure to credit Debtor
with senior citizen rent increase abatements, (6) rent withheld by
tenants of Debtor directly related to poor conditions caused by
Bainbridge, and (7) failure to make timely insurance claims for
losses and property that would have inured to the benefit of
Debtor.

The Plan is designed as a mechanism for the reorganization of
Debtor.

The Debtor will continue to own and rent the Co-op Units. The Co-op
Units are valuable assets that should increase in value over time.
Once the dispute with Bainbridge is settled, the Debtor expects to
only encounter normal business issues, and a refiling is not likely
or necessary.

The Class 3 Unsecured Claims consists of all unsecured creditors.
The Allowed Class 3 Claims shall be paid over a two-year period in
equal monthly installments. Because the Class 3 Claims do not bear
interest, they may be considered to be impaired.

Class 3 claims consist of the following: MF Mgmt. Services, Inc.
($10,000); Sergio Marquez, Esq. ($4,000); and Smith Buss & Jacobs
($4,000).

Class 4 consists of the Equity Interest of the limited liability
owners of Debtor. Joel Fishman is the sole owner of the Equity
Interest. On the Effective Date, Joel Fishman will contribute
$5,000 to the Debtor as new value and he will retain his interest
in Debtor as managing member and sole owner.

On the Effective Date the Debtor will pay the Administrative
Claims, Joel Fishman will contribute $5,000 in cash to the Debtor
and the first installment on any payments owed under the Plan will
be made. The litigation with Bainbridge and the Co-op board will
continue until it is determined whether Bainbridge owes the Debtor
or the Debtor owes Bainbridge. If the Debtor owes Bainbridge for
past payments Debtor will make those payments within 90 days of a
final order in the Adversary Proceeding.

A full-text copy of the Disclosure Statement dated October 15, 2025
is available at https://urlcurt.com/u?l=kJejfG from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     H. Bruce Bronson, Esq.
     Bronson Law Offices P.C.
     94 Hudson Park Road
     New Rochelle, NY 10801
     Tel: (914) 269-2530
     Fax: (888) 908-6906
     Email: hbbronson@bronsonlaw.net

                        About 568 Realty LLC

568 Realty LLC is primarily engaged in renting and leasing real
estate properties.

568 Realty LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-11890) on October 31,
2024. In the petition filed by Joel Fishman, as managing member,
the Debtor reports estimated assets between $1 million and $10
million and estimated liabilities between $100,000 and $500,000.

Bankruptcy Judge John P. Mastando III handles the case.

The Debtor is represented by Carlos J. Cuevas, Esq.


AGI SOURCING: Unsecureds Will Get 2% of Claims in Plan
------------------------------------------------------
AGI Sourcing, LLC and Rousso Apparel Group, LLC filed with the U.S.
Bankruptcy Court for the Southern District of New York a Joint
Disclosure Statement in support of Joint Chapter 11 Plan dated
October 15, 2025.

RAG was founded in 1970 by Eli Rousso and has been owned and
operated by members of his family since its inception. RAG designs,
develops, imports, sells and distributes women's apparel to
retailers across the United States.

AGI opened its doors in 2013 and operates under a slightly
different business model in that it sources clothing, socks and
other hard goods for both retailers and wholesalers. Goods are
manufactured based on orders placed and then shipped directly to
customers. This business model eliminated the need to stock and
store inventory which keeps overhead lower and ensures that all
goods manufactured will be sold.

Both Debtors are based out of New York and share management and
administrative services. RAG uses third party logistic companies
located in California for inventory maintenance and distribution.
AGI utilizes overseas staff who are responsible for procurement and
quality control.

Class 3 consists of the Allowed Unsecured Claims against RAG which
total approximately $5 million dollars, which includes $200,000
held by the SBA which has been reclassified under the Plan from a
Secured to an Unsecured Claim, and $2.3 million held by AGI, an
insider and affiliate of RAG. The Allowed Claim of AGI shall be
subordinated to the remaining Allowed Class 3 Claims and as such,
shall receive no distribution under the Plan.

The holders of the remaining Allowed Class 3 Claims shall receive
payment, in Cash, from RAG (or the Reorganized Debtor following the
commencement of the Debtors' Consignment Agreement), on or before
the first anniversary of the Effective Date, in an amount equal to
2% of their Allowed Claims, not to exceed $50,000 in the aggregate,
which distribution shall be funded from the net proceeds of
liquidation of RAG's assets; followed by the MFC Carveout. The
holders of the Class 3 Claims are Impaired.

Class 4 consists of Allowed Unsecured Claims against AGI, other
than the AGI Critical Vendors, which total approximately $2.5
million dollars. Holders of Allowed Class 4 Claims shall receive
payment, in Cash, from the Reorganized Debtor, on or before the
first anniversary of the Effective Date, in an amount equal to 2%
of their Allowed Claims. The holders of the Class 4 Claims are
Impaired pursuant to Section 1124 of the Bankruptcy Code and are
entitled to vote to accept or reject the Plan.

Class 5 consists of the Allowed Class 5 equity interests in RAG.
Holders of equity interests in RAG shall receive no distribution
and upon completion of the liquidation and wind down of RAG, the
entity shall be dissolved and all equity interests extinguished.
The holders of Class 5 equity interests are Impaired.

Class 6 consists of the Allowed Class 6 equity interests in AGI.
Holders of equity interests in AGI shall receive no distribution
and upon completion of the liquidation and wind down of RAG, the
entity shall be dissolved and all equity interests extinguished.
The holder of the Class 6 equity interest is Impaired.

The Plan shall be funded from the following sources: (a) the
Debtors' respective Cash on hand on the Effective Date, (b)
advances from MFC from the DIP Factoring Facility including the MFC
Carveout, (c) proceeds from the liquidation of the assets of RAG,
(d) net profit from ordinary course business operations of the
Reorganized Debtor, and (e) the Plan Contribution.

The assets of RAG shall be liquidated in the ordinary course of its
business. On or about the Effective Date, the remaining RAG
inventory shall be liquidated pursuant to the Consignment Agreement
under which all net sale proceeds, after the cost of liquidation,
shall be used to fund distribution to RAG creditors in accordance
with Article III hereof. Thereafter RAG shall file final local,
state and federal tax returns and shall seek corporate dissolution.


A full-text copy of the Joint Disclosure Statement dated October
15, 2025 is available at https://urlcurt.com/u?l=bG2mrk from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Erica R. Aisner, Esq.
     Kirby Aisner & Curley LLP
     700 Post Road, Suite 237
     Scarsdale, NY 10583
     Telephone: (914) 401-9500
     Email: eaisner@kacllp.com

                          About AGI Sourcing LLC

AGI Sourcing, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 25-12102-pb) on
September 26, 2025. In the petition signed by Victor Rousso,
manager, the Debtor disclosed up to $10 million in both assets and
liabilities.

Judge Philip Bentley oversees the case.

Erica Aisner, Esq., at Kirby Aisner & Curley LLP, represents the
Debtor as legal counsel.


AMBIPAR EMERGENCY: Case Summary & Two Unsecured Creditors
---------------------------------------------------------
Debtor: Ambipar Emergency Response
          HPX Corp.
          Ambipar Merger Sub
        P.O. Box 10008 Willow House
        Cricket Square
        Grand Cayman KY1-1001
        Cayman Islands

Case No.: 25-90524

Business Description: The Debtor is a holding company that
                      indirectly controls subsidiaries offering
                      emergency and disaster response as well as
                      environmental and industrial field services
                      across Europe, the U.S., Latin America, and
                      Canada.

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Southern District of Texas

Judge: Hon. Alfredo R Perez

Debtor's Counsel: Jason S. Brookner, Esq.
                  GRAY REED
                  1300 Post Oak Blvd., Suite 2000
                  Houston TX 77056
                  Tel: 713-986-7000
                  Email: jbrookner@grayreed.com

Total Assets as of Dec. 31, 2024: $1,073,093,930

Total Debts as of Dec. 31, 2024: $328,200,000

The petition was signed by Ricardo Chagas as chief executive
officer and Thiago da Costa Silva as director.

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

https://www.pacermonitor.com/view/X3BHCRI/Ambipar_Emergency_Response__txsbke-25-90524__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Two Unsecured Creditors:

  Entity                           Nature of Claim    Claim Amount

1. The Bank of New York Mellon    Indenture Trustee   $200,000,000
240 Greenwich Street, Floor 7
New York, NY 10286
Attn: Global Corporate Trust
Email: gcs.specialty.glam.conv@bnymellon.com

2. The Bank of New York Mellon    Indenture Trustee   $128,180,000
240 Greenwich Street, Floor 7
New York, NY 10286
Attn: Global Corporate Trust
Email: gcs.specialty.glam.conv@bnymellon.com


AMBIPAR EMERGENCY: Seeks Chapter 11 Bankruptcy with $328.3MM Debt
-----------------------------------------------------------------
Law360 and Reuters report that global environmental and emergency
response firm Ambipar Emergency Response has entered Chapter 11
bankruptcy in Texas, listing more than $1 billion in assets and
$328.2 million in liabilities. The Cayman Islands-based company is
best known for its work mitigating oil spills, fires, and other
large-scale disasters.

The filing reflects ongoing financial strain on the company's
extensive operations, which span several continents. Court
documents indicate Ambipar will use the bankruptcy process to
reorganize its finances while maintaining its critical emergency
response services, the report states.

According to Ambipar, the Chapter 11 filing was prompted by
evidence of irregularities in swap operations conducted by the
finance department, coupled with the unexpected resignation of
former CFO Joao de Arruda. The company disclosed that during
Arruda's tenure, swap contracts were moved from Bank of America to
Deutsche Bank and later amended to add a rule introducing a
speculative feature, according to report.

                About Ambipar Emergency Response

Ambipar Emergency Response is a global environmental and emergency
response firm.

Ambipar Emergency Response sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90524) on
October 20, 2025. In its petition, the Debtor reports more than $1
billion in assets and $328.2 million in liabilities.

Honorable Bankruptcy Judge Alfredo R. Perez handles the case.

The Debtor is represented by Jason S. Brookner, Esq. of Gray Reed &
Mcgraw LLP.


AMERICA'S GARDENING: Nov. 17 Claims Bar Date
--------------------------------------------
All entities, including individuals, partnerships, estates, and
trusts who have a claim or potential claim against America's
Gardening Resource, Inc., and its debtor affiliates, including,
without limitation, any secured claim, unsecured claim, priority
claim or claim asserted under section 503(b)(9) of the Bankruptcy
Code for goods delivered and received by any of the Debtors within
20 days before the Petition Date that arose prior to the Petition
Date, no matter how remote or contingent such right to payment or
equitable remedy may be, must file a proof of claim on or before
November 17, 2025, at 5:00 p.m., prevailing Eastern Time.

Governmental entities who have a claim or potential claim against
the Debtors that arose prior to the Petition Date, no matter how
remote or contingent such right to payment or equitable remedy may
be, must file a proof of claim on or before December 17, 2025, at
5:00 p.m., prevailing Eastern Time.

Proof of claims must be delivered to Stretto, Inc., via first-class
U.S. Mail, overnight mail, or other hand-delivery system, at the
following address:

     America's Gardening Claims Processing
     c/o Stretto
     410 Exchange, Suite 100
     Irvine, CA 92602
     Tel: 833-852-1947
     Email: TeamAGR@stretto.com

Alternatively, claimants may submit a Proof of Claim electronically
by completing the Proof of Claim Form that can be accessed at
Stretto's website https://cases.stretto.com/agr/file-a-claim

   About America's Gardening Resource

America's Gardening Resource, Inc. and its affiliates sought
relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead
Case No. 25-11180) on June 20, 2025, listing up to $10 million in
assets and up to $50 million in liabilities. The case is jointly
administered in Case No. 25-11180.

Judge Brendan Linehan Shannon oversees the case.

The Debtor tapped Robert K. Malone, Esq., at Gibbons PC as counsel
and Dundon Advisers LLC as financial advisor.


ARENA GROUP: Acquires Digital Assets of Lindy's Sports
------------------------------------------------------
The Arena Group Holdings, Inc. has acquired the digital assets of
Lindy's Sports, the historic sports publication founded in 1982.
The move marks an expansion of The Arena Group's Sports & Leisure
vertical through the addition of a trusted and long-standing
brand.

"We are thrilled to acquire the digital assets of Lindy's Sports,"
said Paul Edmondson, CEO of The Arena Group. "For decades, Lindy's
Sports has delivered trusted, high-quality sports coverage. We
believe in the strength of the Lindy's Sports brand and plan to
relaunch the site by the end of October. This transaction reflects
our continued strategy of acquiring strong, legacy brands that
align with our asset-light entrepreneurial publishing model and
offer significant potential for growth."

Lindy Davis, Founder and Publisher of Lindy's, expressed his
enthusiasm for the partnership: "I am extremely excited to do this
deal with The Arena Group as I know they will do a terrific job of
growing the Lindy's brand in the digital space."

This acquisition strengthens The Arena Group's position in the
sports media market and underscores its growth strategy of building
scale and profitability through transformation of established media
brands with a modern digital strategy.

                        About The Arena Group

Headquartered in New York, The Arena Group Holdings, Inc. --
www.thearenagroup.net -- is a media company that leverages
technology to build deep content verticals powered by anchor brands
and a best-in-class digital media platform empowering publishers
who impact, inform, educate, and entertain. The Company's strategy
is to focus on key subject matter verticals where audiences are
passionate about a topic category (e.g., sports and finance),
leveraging the strength of its core brands to grow its audience and
increase monetization both within its core brands and for its media
publisher partners. The Company's focus is on leveraging its
Platform and brands in targeted verticals to maximize audience
reach, enhance engagement, and optimize monetization of digital
publishing assets for the benefit of its users, its advertiser
clients, and its greater than 40 owned and operated properties, as
well as properties it runs on behalf of independent Publisher
Partners. The Company owns and operates TheStreet, The Spun,
Parade, and Men's Journal, and powers more than 320 independent
Publisher Partners, including the many sports team sites that
comprise FanNation.

Chicago, Ill.-based KPMG LLP, the Company's auditor since 2024,
issued a "going concern" qualification in its report dated April
15, 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 recurring net losses from continuing operations and has a
working capital deficit that raise substantial doubt about its
ability to continue as a going concern.

As of June 30, 2025, the Company had $127.78 million in total
assets, $144.94 million in total liabilities, and $17.33 million in
total stockholders' deficiency.


ARENA GROUP: Acquires ShopHQ IP From IV Media
---------------------------------------------
The Arena Group Holdings, Inc. has acquired the intellectual
property of ShopHQ from IV Media, LLC. The Arena Group plans to
build on the legacy of the 35-year-old brand with a primary focus
on E-Commerce and interactive selling.

"With the acquisition of ShopHQ, a former $500 million plus revenue
company, through the utilization of ShopHQ's powerful first party
customer data and Arena's reach to millions of engaged readers
daily, we aim to synergize and monetize commerce and content across
our digital platforms" said Paul Edmondson, Chief Executive Officer
of The Arena Group. "The vision is to create pools of first party
data sets allowing our advertisers to reach specific, targeted
audiences leading to an increased value of our programmatic
inventory. We believe this acquisition allows us to not only to
increase our active engagement with Arena's readers and bring them
the products they are asking for but also increase the value and
conversion rates for our advertisers. We believe the bridge we're
building between data, brands and users has enormous potential."

Customers will be able to find ShopHQ on social, YouTube and
directly on the ShopHQ website. While ShopHQ's mission will remain
the same, the way that customers discover products and interact
with hosts and talent will evolve to fit this more streamlined,
on-demand retail environment. ShopHQ will engage with customers
across digital platforms with an emphasis on creator-led social
selling, reaching both loyal existing and new audiences. Arena
plans to lean into a more dropship-focused inventory relationship
with vendors to ensure cost-efficiency and the ability to pivot and
adjust product offerings in near real time to consistently offer
customers the products they actively desire, at strong values,
instead of aged inventory.

Jessica Gregory, General Manager of ShopHQ said "ShopHQ has a loyal
customer base that we're eager to re-engage with trusted brands and
experts. Combining Arena's capabilities with live-selling and
commerce content will enable ShopHQ to excite current customers
while engaging and converting new ones."

                        About The Arena Group

Headquartered in New York, The Arena Group Holdings, Inc. --
www.thearenagroup.net -- is a media company that leverages
technology to build deep content verticals powered by anchor brands
and a best-in-class digital media platform empowering publishers
who impact, inform, educate, and entertain. The Company's strategy
is to focus on key subject matter verticals where audiences are
passionate about a topic category (e.g., sports and finance),
leveraging the strength of its core brands to grow its audience and
increase monetization both within its core brands and for its media
publisher partners. The Company's focus is on leveraging its
Platform and brands in targeted verticals to maximize audience
reach, enhance engagement, and optimize monetization of digital
publishing assets for the benefit of its users, its advertiser
clients, and its greater than 40 owned and operated properties, as
well as properties it runs on behalf of independent Publisher
Partners. The Company owns and operates TheStreet, The Spun,
Parade, and Men's Journal, and powers more than 320 independent
Publisher Partners, including the many sports team sites that
comprise FanNation.

Chicago, Ill.-based KPMG LLP, the Company's auditor since 2024,
issued a "going concern" qualification in its report dated April
15, 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 recurring net losses from continuing operations and has a
working capital deficit that raise substantial doubt about its
ability to continue as a going concern.

As of June 30, 2025, the Company had $127.78 million in total
assets, $144.94 million in total liabilities, and $17.33 million in
total stockholders' deficiency.


ASCEND PERFORMANCE: Court Approves Disclosure Statement in Ch. 11
-----------------------------------------------------------------
Ascend Performance Materials, a leading producer of
high-performance and durable engineered materials for everyday
essentials and new technologies, announced on Oct. 20, 2025, that
the U.S. Bankruptcy Court for the Southern District of Texas has
approved the Disclosure Statement for Ascend's Plan of
Reorganization.

Court approval of the Disclosure Statement marks the beginnings of
the formal process to solicit votes on the Company's Plan. The
Disclosure Statement provides creditors with detailed information
regarding the terms of the Plan and will accompany the ballots that
will be sent to those eligible to vote on the Plan. The Court has
set a voting deadline of November 18, 2025, at 4:00 p.m. prevailing
Central Time.

Following the solicitation process, the Bankruptcy Court will
conduct a hearing to consider confirmation of the Plan, which is
currently scheduled for November 24, 2025.

The Company remains on track to emerge from the Chapter 11 process
by Q4 2025 with a recapitalized, healthier balance sheet.

"We began this process with a clear goal: to strengthen Ascend's
financial foundation so we can continue executing our long-term
strategy from a position of stability and growth," said Phil
McDivitt, president and CEO of Ascend Performance Materials.
"Today's milestone represents meaningful progress toward that goal.
I'm deeply grateful to our customers and partners for their
continued trust, and to our employees for their dedication and hard
work. Together, we're positioning Ascend to emerge as a strong,
well-capitalized business--ready to deliver the high-quality
performance materials our customers rely on for many years to
come."

A spokesperson for the new investor consortium said, "We are
excited to provide over $500 million of fresh equity capital to
support Ascend's significant delevering and help drive the
company's long-term growth. We are confident that Ascend has bright
prospects ahead, and we are looking forward to partnering with the
company to continue to deliver high-quality, reliable materials to
its customers in the future."

Additional Information

Additional information about Ascend's restructuring is available at
www.ascendmaterials.com/strengthening-ascend. Bankruptcy Court
filings and other information regarding the case can be found at
https://dm.epiq11.com/Ascend or by contacting Epiq, the Company's
noticing and claims agent, at (888) 890-9917 (for toll-free U.S.
calls) or +1 (971) 385-8728 (for tolled international calls).

Ascend is advised in this matter by Kirkland & Ellis LLP as legal
counsel, FTI Consulting as financial advisor, and PJT Partners as
investment banker. The ad hoc group of term loan lenders to the
Company is advised by Gibson, Dunn & Crutcher LLP as legal counsel
and Evercore Group L.L.C. as investment banker.

        About Ascend Performance Materials Holdings

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

Ascend Performance Materials Holdings Inc. and its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 25-90127) on April 21, 2025.

In the petitions signed by Robert Del Genio, chief restructuring
officer, the Debtors disclosed $1 billion to $10 billion in both
estimated assets and liabilities.

Judge Christopher M. Lopez oversees the cases.

The Debtors tapped Bracewell LLP and Kirkland & Ellis LLP as
counsel; PJT Partners, Inc. as investment banker; FTI Consulting,
Inc. as restructuring advisor; and Deloitte LLP as tax advisor.
Epiq Corporate Restructuring LLC is the Debtors' claims, noticing,
and solicitation agent. GA Group Advisory & Valuation Services, LLC
serves as valuation advisor.

The official committee of unsecured creditors retained Brown
Rudnick LLP as co-counsel; Parkins & Rubio LLP as Texas co counsel;
AlixPartners, LLP as financial advisor; and Ducera Partners LLC and
Ducera Securities LLC as investment banker.

Gibson, Dunn & Crutcher LLP represents an Ad Hoc Group of Term Loan
Lenders.


AVON PRODUCTS: Plan Effective Date Occurred Oct. 7
--------------------------------------------------
On September 24, 2025, AIO US, Inc., and its debt affiliates sought
and obtained an order from the U.S. Bankruptcy Court for the
District of Delaware confirming the Fourth Amended Joint Chapter 11
Plan of Liquidation. All conditions precedent to consummation of
the Plan were satisfied or waived in accordance with Article IX of
the Plan. No stay of the Confirmation Order is in effect.

Accordingly, the Plan was substantially consummated and became
effective on October 7, 2025. As of the Effective Date, all
releases, exculpations, waivers, and injunctions set forth in the
Plan are now effective.

The deadline for filing requests for payment of Administrative
Expense Claims is December 8, 2025.

                          About AIO US, Inc.

AIO US Inc., Avon Products Inc. and some of its affiliates are
manufacturers and marketers of beauty, fashion, and home products
with operations and customers across the globe.

AIO US and its affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-11836) on
Aug. 12, 2024. In the petition filed by Philip J. Gund as chief
restructuring officer, AIO US disclosed $1 billion to $10 billion
in assets and debt.

Richards, Layton & Finger, P.A. and Weil, Gotshal & Manges LLP are
counsel to the Debtors. Ankura Consulting Group LLC serves as
restructuring advisor to the Debtors. Rothschild & Co US Inc is
the
Debtors' investment banker and financial advisor. Epiq Corporate
Restructuring LLC acts as claims and noticing agent to the Debtors.


B+H ARCHITECTS: Gets CCAA Initial Stay Order; KSV as Monitor
------------------------------------------------------------
B+H Architects Corp. ("BHA") obtained an initial order from the
Ontario Superior Court of Justice Commercial List pursuant to the
Companies' Creditors Arrangement, and KSV Restructuring was
appointed as monitor for the Company.

The principal purpose of this CCAA proceeding is to create a
stabilized environment to enable BHA to:

a) continue operating in the ordinary course with the breathing
space afforded by filing for protection under the CCAA; and

b) subject to approval by the Court, conduct a Court-supervised
sale and investment solicitation process ("SISP") for its business
and/or assets to complete a going-concern transaction. In this
regard, BHA has entered into a stalking horse investment agreement
("Stalking Horse Agreement") with Surbana Jurong Holdings (Canada)
Ltd, ("SJHC"), a related entity, to serve as the stalking horse
bidder in the SISP, subject to approval of the Court.

Pursuant to the terms of the proposed Initial Order, BHA will seek
approval of, among other things:

a) a stay of proceedings pending a comeback hearing which is
proposed to be held on Oct. 27, 2025 ("Comeback Hearing");

b) a debtor-in-possession credit facility provided by SJHC to fund
BHA's working capital requirements and costs of this proceeding
("DIP Facility"), provided that the authorized borrowings will be
limited to $1,700,000 until the Comeback Hearing;

c) Court-ordered Administration Charge (in the amount of $500,000),
Director's Charge (in the amount of $460,000), and DIP Lender’s
Charge (in the amount of $1,700,000 plus interest and fees);

e) authority to pay certain pre-filing amounts owing to critical
vendors, with consent of the Monitor and the DIP Lender; and

f) such further and other relief as may be sought by BHA and
granted by the Court.

According to Court Documents, BHA has recently experienced
significant liquidity issues impacting its operations, revenue
generation and collections.  Notably, demand for private-sector
architectural services has declined due to persistent weakness in
the real estate and construction sectors. Contributing factors
include rising interest rates, U.S. Canada trade tariffs, market
uncertainty, and constrained liquidity among real estate
developers, which have collectively resulted in delayed collection
of accounts receivable.

BHA has also been materially affected by the cancellation of
multiple projects, representing approximately $17.5 million in lost
revenue since Q1 2025.

The Company added, as at Oct. 15, 2025, its accounts payable and
accrued liabilities totalled approximately $30 million comprised of
the following:

a) approximately $4 million owing to subcontractors; and

b) approximately $25 million in respect of the Arbitration Award

Court materials filed in this proceeding will be made available by
KSV on its case website at
https://www.ksvadvisory.com/experience/case/BHA

The court-appointed Monitor can be reached at:

   KSV Restructuring Inc.
   220 Bay St. Suite 1300
   Toronto, ON M5J 2W4

   Noah Goldstein
   Tel: 416-932-6207
   Email: ngoldstein@ksvadvisory.com

   Jordan Wong
   Tel: 416-932-6025
   Email: jwong@ksvadvisory.com

   Tony Trifunovic
   Tel: 647-848-1350
   Email: ttrifunovic@ksvadvisory.com

Counsel for the Company:

   McCarthy Tétrault LLP
   Box 48, TD Bank Tower
   66 Wellington Street West, Suite 5300
   Toronto, ON M5K 1E6

   Heather Meredith, Esq.
   Tel: 416-601-8342
   Email: hmeredith@mccarthy.ca

   Trevor Courtis, Esq.
   Tel: 416-601-7643
   Email: tcourtis@mccarthy.ca

   Saneea Tanvir, Esq.
   Tel: 416-601-8181
   Email: stanvir@mccarthy.ca

   Zachary Bowles, Esq.
   Tel: 416-601-4344
   Email: zbowles@mccarthy.ca

Counsel for the Court-appointed Monitor:

   Cassels Brock & Blackwell LLP
   Bay Adelaide Centre
   North Tower 40 Temperance St, Suite 3200
   Toronto, ON M5H 0B4

   Ryan Jacobs, Esq.
   Tel: 416-860-6465
   Email: rjacobs@cassels.com

   Joseph Bellissimo, Esq.
   Tel: 416-860-6572l
   Email: jbellissimo@cassels.com

BHA is a leading architecture and design firm headquartered in
Toronto, Ontario.


BAGBY INVESTMENT: Case Summary & Three Unsecured Creditors
----------------------------------------------------------
Debtor: Bagby Investment Properties LLC
        10640 Satori Lane, Apt 120
        Jacksonville, FL 32256

Business Description: Bagby Investment Properties LLC owns and
                      manages oceanfront vacation rental homes in
                      South Ponte Vedra Beach, Florida.  It
                      operates within the real estate investment
                      and hospitality management sector, focusing
                      on property ownership and rental services
                      along Florida's coastal market, offering
                      short-term stays and event accommodations.

Chapter 11 Petition Date: October 21, 2025

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 25-03804

Debtor's Counsel: Thomas Adam, Esq.
                  ADAM LAW GROUP, PA
                  2258 Riverside Ave
                  Jacksonville, FL 32204
                  Email: tadam@adamlawgroup.com

Total Assets: $2,962,729

Total Liabilities: $3,204,749

The petition was signed by Francis C Bagby as the authorized
representative of the Debtor.

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/NMHWBFY/Bagby_Investment_Properties_LLC__flmbke-25-03804__0001.0.pdf?mcid=tGE4TAMA


BAND OF CODERS: Cameron McCord Named Subchapter V Trustee
---------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Cameron McCord,
Esq., at Jones & Walden, LLC, as Subchapter V trustee for Band of
Coders, LP.

Ms. McCord will be paid an hourly fee of $500 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Cameron McCord, Esq.
     Jones & Walden, LLC
     699 Piedmont Avenue, NE
     Atlanta, GA 30308
     Phone: (404) 564-9300
     Fax: (404) 564-9301
     Email: cmccord@joneswalden.com

                      About Band of Coders LP

Band of Coders, LP filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Codee (Bankr. N.D. Ga. Case No. 25-21485) on
October 17, 2025, listing between $1 million and $10 million in
assets and between $500,001 and $1 million in liabilities.

Judge Laurel M. Isicoff oversees the case.

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


BB CAPITAL: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: BB Capital SPV, LLC
        100 Quentin Roosevelt Blvd, Suite 503
        Garden City, NY 11530

Business Description: BB Capital SPV, LLC, based in Garden City,
                      New York, is a special purpose vehicle
                      that manages financial transactions and
                      investments in the telecommunications
                      sector.

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 25-74026

Judge: Hon. Alan S Trust

Debtor's Counsel: John E. Jureller, Jr., Esq.
                  KLESTADT WINTERS JURELLER SOUTHARD & STEVENS,
                  LLP
                  200 West 41st Street
                  17th Floor
                  New York, NY 10036
                  Tel: (212) 972-3000
                  Email: jjureller@klestadt.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $500 million to $1 billion

The petition was signed by John D. Baumgartner as chief
restructuring 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/RZOS6NA/BB_Capital_SPV_LLC__nyebke-25-74026__0001.0.pdf?mcid=tGE4TAMA


BEACON LIGHT: Case Summary & One Unsecured Creditor
---------------------------------------------------
Debtor: Beacon Light Missionary Baptist Church, Inc.
        1937 Mirabeau Ave.
        New Orleans, LA 70126

Business Description: Beacon Light Missionary Baptist Church, Inc.
                      is a Christian church providing worship
                      services and community programs from its
                      location at 1937 Mirabeau Avenue in New
                      Orleans, Louisiana.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       Eastern District of Louisiana

Case No.: 25-12399

Judge: Hon. Meredith S Grabill

Debtor's Counsel: Edwin M. Shorty Jr., Esq.
                  EDWIN M. SHORTY, JR. & ASSOCIATES
                  650 Poydras Ave., Ste 2515
                  New Orleans, LA 70130
                  Tel: 504-207-1370
                  Fax: 504-207-0850
                  Email: EShorty@eshortylawoffice.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Darryl Brister as senior pastor.

The Debtor listed Liberty Bank & Trust at 7166 Crowder Blvd, Ste
10, New Orleans, LA 70127, as its only unsecured creditor, with an
estimated claim of $1.57 million.

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

https://www.pacermonitor.com/view/HKUSKVA/Beacon_Light_Missionary_Baptist__laebke-25-12399__0001.0.pdf?mcid=tGE4TAMA


BIMERGEN ENERGY: Names Johnson, Brilon Co-CEOs After Tran Exit
--------------------------------------------------------------
Bimergen Energy Corp. filed a Form 8-K with the Securities and
Exchange Commission reporting that Chief Executive Officer Bejamin
Tran resigned effective Oct. 21, 2025, but will remain with the
Company as Executive Chairman.  The Company noted his resignation
wasn't due to any disagreements over its operations, policies, or
practices.

To fill the leadership vacancy, Bimergen Energy's board appointed
Cole W. Johnson and Robert J. Brilon as co-chief executive
officers. The board also confirmed that Johnson will retain his
role as president, while Brilon will continue serving as fhief
financial officer.

                          About Bimergen

Bimergen Energy Corporation, headquartered in Newport Beach,
California, develops renewable energy projects focused on battery
energy storage systems and solar power.  The Company is the owner
of 23 development stage utility-scale BESS projects with an
estimated cumulative storage capacity of 1.965 gigawatts and 13
development stage solar energy projects with an anticipated
cumulative generation capacity of 1.640 GW once constructed and
operational.

In an audit report dated May 30, 2025, Ramirez Jimenez
International CPAs expressed a "going concern" qualification,
noting that the Company has incurred recurring operating losses and
negative operating cash flows, raising substantial doubt regarding
the Company's ability to continue as a going concern.

Bimergen has incurred operating losses and has yet to achieve
profitability.  It continues to rely primarily from equity
financing to fund its operations.  As of March 31, 2025, cash
generated from financing activities was not sufficient to fund its
growth strategy in the short-term or long-term.

The Company incurred a net loss of approximately $0.9 million and
$0.3 million for the three months ended March 31, 2025 and 2024.
As of March 31, 2025, the Company had cash and cash equivalents of
approximately $0.1 million and an accumulated deficit of
approximately $5.6 million.  As of March 31, 2025, the Company had
$23.22 million in total assets, $2.15 million in total current
liabilities, and $21.06 million in total stockholders' equity.


BOSSCAT INC: Seeks Chapter 7 Bankruptcy in Texas
------------------------------------------------
Bosscat Inc. filed for Chapter 7 bankruptcy in the U.S. Bankruptcy
Court for the Northern District of Texas on October 14, 2025.
According to court filings, the company listed liabilities ranging
from $10 million to $50 million. Bosscat Inc.  reported having
between one and 49 creditors.

                   About Bosscat Inc.

Bosscat Inc. operates a technology-driven real estate platform that
streamlines home improvement, renovation, and maintenance services.
It enables users to hire licensed professionals, manage projects
digitally, and receive instant cost estimates for residential
properties.

Bosscat Inc. sought relief under Chapter 7 of the U.S. Bankruptcy
Code (Bankr. N.D. Tex. Case No. 25-24025) on October 14, 2025. In
its petition, the Debtor reports estimated assets up to $100,000
and estimated liabilities between $10 million and $50 million.

Honorable Bankruptcy Judge Michelle V. Larson handles the case.

The Debtor is represented by Joyce W. Lindauer, Esq. of Joyce W.
Lindauer Attorney, PLLC.


BRISTOW GROUP: S&P Upgrades ICR to 'B+', Outlook Positive
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Houston-based
helicopter service provider Bristow Group Inc. to 'B+' from 'B'.

S&P said, "We also raised our issue-level rating on Bristow's
senior secured notes due 2028 to 'BB' from 'BB-'. The notes have an
unchanged recovery rating of '1', which indicates our expectation
of very high (90%-100%; rounded estimate: 95%) recovery in the
event of a payment default.

"The positive outlook reflects our view that steady offshore oil
and gas activity and reduced capital spending will drive positive
free cash flow in 2026. We expect it will use a portion of this for
gross debt reduction. We forecast average funds from operations
(FFO) to debt of 40%-45% and debt to EBITDA of 2x through 2027.

"The upgrade reflects our expectation for positive free cash flow
and improved leverage. We upgraded the company to 'B+' on improving
credit metrics and free cash flow generation in 2026 as it nears
the full transition onto its new SAR contracts. As of June 30,
2025, the company completed most of the cumulative $300 million of
growth capital expenditures (capex) for new aircraft related to its
two new 10-year SAR contacts with the governments of Ireland and
the UK.

"We expect lower capex, incremental revenue from the new Irish SAR
contract, and growth in its offshore energy segment to support
reported free cash flow of $150 million-$175 million in 2026,
compared with slightly negative free cash flow in 2025. We
anticipate Bristow will use the cash flow, along with its elevated
cash balance ($252 million as of June 30, 2025), to achieve its
public gross debt target of $500 million ($705 million as of June
30, 2025) by the end of 2026, as well as funding a $15 million
annual dividend. We forecast average FFO to debt of 40%-45% and
debt to EBITDA of 2x through 2027.

"We believe Bristow's government services segment provides a
diversification and a competitive advantage. The government
services segment provides it with diversification at about 25% of
EBITDA. After winning the renewal of the UK SAR contract and
winning the Irish SAR contract from a competitor, Bristow now
operates the two largest commercial SAR contracts in the world,
which we view as a competitive advantage, given the longer tenor
and higher portion of fixed revenue (85%) compared to contracts
with offshore oil and gas producers. This work provides long-term
cash flow visibility and fully covers the company's debt
amortization and dividend obligations, although we do not expect
material segment growth in the future due to limited
opportunities.

"We expect steady offshore activity and limited new civilian
helicopter supply will support pricing improvement in 2026. We
expect more of the new helicopter supply will go toward defense
priorities rather than civilian uses given current geopolitical
uncertainty. Additionally, continued shortages of critical parts
have pushed lead times for new aircraft to at least 24 months.
Also, 85% of the company's offshore energy business is focused on
production activity, which we view as more stable compared with
exploration.

"The combination of limited supply and stable demand has increased
rates, on average by about 25%. We anticipate this will result in
EBITDA growth in its offshore energy segment as about a quarter of
its fleet steps up to leading-edge pricing across late 2025 and
early 2026, focused in Brazil, the U.S. Gulf, Suriname (where
Bristow is the market share leader), and a resurgent Nigeria. Most
of the margin is captured through the fixed, monthly standing
charge, which comprises about 65% of its revenue, compared with
about 85% for government services contracts.

"Regarding operating costs, the company has index-linked or
absolute caps across most contracts, and most of its fleet
(primarily the higher-cost medium- and heavy-duty aircraft) are
under power by the hour (PBH) agreements, which smooth operating
expenses and reduces maintenance capex. We also do not expect
material labor contract maturities across our forecast period. We
expect S&P Global Ratings-adjusted EBITDA margin of 25%-26% through
2027, compared with about 23% in 2024."

Bristow also benefits from some contractual protections against
cancellation. A limited portion of segment contracts have explicit
noncancellation clauses (primarily Petrobras at about 5% of
revenue), and the North Sea operations (both Norway and UK) have
some required reimbursements in the event of a cancellation.
However, cancellations are rare because customers typically opt to
reduce the number of aircraft they use instead of outright
cancellations. S&P will continue to monitor North Sea demand in the
UK, where the regulatory environment has limited development. Over
time, we believe the company could redeploy aircraft to other
regions with more favorable growth prospects.

S&P said, "We expect leverage improvement from gross debt reduction
in 2026. After several years of negative free cash flow, we expect
reported free cash flow generation of $150 million-$175 million in
2026, improving further in 2027 on reduced capital spending.
Compared with 2025 capex of about $185 million, we forecast capex
of $75 million in 2026, mainly consisting of growth capex related
to one to two new aircraft deliveries related to new offshore
energy contracts. We expect the company will reduce debt through
the end of 2026 to achieve its public gross debt target of $500
million. It already repaid about $15 million of additional debt in
the second quarter 2025.

"We expect disciplined shareholder returns in favor of debt
reduction next year. Bristow announced a $15 million annual
dividend will begin in early 2026, which we view as supported by
the government services segment. We expect the company will balance
opportunistic buybacks with debt reduction to meets it target."

Bristow is insulated from U.S. tariffs, while financial results are
exposed to exchange rates. S&P said, "The company only generates
about 15% of total revenue from the U.S. Gulf, and imports of
commercial aircraft and parts are exempt from current U.S. tariff
policy, which we assume will continue. Regarding exchange rate
effects, EBITDA margins are positively impacted with GBP and EUR
strengthen relative to USD, which we expect will continue through
2027. Additionally, Bristow does mixed currency billing to manage
currency risk across regions."

S&P Global Ratings believes there is a high degree of
unpredictability around policy implementation by the U.S.
administration and possible responses--specifically with regard to
tariffs--and the potential effect on economies, supply chains, and
credit conditions around the world. S&P said, "As a result, our
baseline forecasts carry a significant amount of uncertainty,
magnified by ongoing regional geopolitical conflicts. As situations
evolve, we will gauge the macro and credit materiality of potential
shifts and reassess our guidance accordingly."

S&P said, "The positive outlook reflects our view that steady
offshore oil and gas activity and reduced capital spending will
drive positive free cash flow in 2026. We expect a portion of this
will be used for gross debt reduction. We forecast average FFO to
debt of 40%-45% and debt to EBITDA of 2x through 2027.

"We could revise the outlook to stable over the next 12 months if
FFO to debt remains below 45% on a sustained basis. This would most
likely occur if demand for offshore helicopter services in the oil
and gas industry declines substantially or the company purses an
aggressive acquisition strategy or shareholder return policy that
increases leverage.

"We could raise the rating if leverage improves such that FFO to
debt improves above 45% for a sustained period, most likely
occurring if Bristow achieves its gross debt target of $500
million."


BUFNY II: Oct. 25 Foreclosure Sale of 7 Properties
--------------------------------------------------
Pursuant to a judgment of foreclosure and sale entered on August
25, 2025, in the case captioned Federal National Mortgage
Association, Plaintiff-against-BUFNY II Associates, LP, et al.,
Defendants, Case No. 1:23-cv-09795-JGLC, a sale will be held on
October 25, 2025, at 11:30 A.M., prevailing Eastern Time.
The Property consists of seven parcels that are to be sold in one
parcel as a single lot. The seven parcels are commonly known as:

   -- 531 Lenox Avenue, New York
   -- 163 West 136th Street, New York
   -- 102 West 137th Street, New York
   -- 106 West 137th Street, New York
   -- 110 West 13th Street, New York
   -- 124 West 137th Street, New York
   -- 176 West 137th Street, New York

All interested bidders must appear at the location with certified
funds made payable to the Sale Referee:

     Ian V. Lagowitz
     Akin, Gump, Strauss, Hauer & Feld, LLP
     Attorney for Plaintiff
     One Bryant Park, New York
     Attn: Dean L. Chapman, Esq.
     Email: dchapman@akingump.com

Ten percent of the successful bids is due at the time of the
auction.

The approximate amount of the Judgment is $1,243,021.61, plus (i)
all additional funds expended, advanced, or otherwise paid by
Plaintiff for the benefit of the Property and/or in connection with
the foreclosure thereof from January 1, 2024, through the date of
sale as may be demonstrated to the Sale Referee at the outset of
the sale by way of receipts; (ii) all additional reasonable
attorneys' fees and costs incurred by the Plaintiff in enforcing
its mortgage securing the Property from January 1, 2024, through
the date of the sale; and (iii) the interest accruing at the
contract and default rate from January 1, 2024, through the date of
entry of judgment.


CARRIOX CAPITAL: Seeks Chapter 11 Bankruptcy Together Affiliates
----------------------------------------------------------------
Rick Archer of Law360 reports that the two subsidiaries of Carriox
Capital -- Carriox Capital II LLC and BB Capital SPV LLC -- have
sought Chapter 11 bankruptcy protection in the U.S. Bankruptcy
Court for the Southern District of New York.

The companies listed liabilities between $500 million and $1
billion, according to Bloomberg Law. Their filings add to a growing
number of distress cases in the telecom financing industry.

Both entities are part of Carriox's receivables-financing
operations, which provide working capital to telecommunications
infrastructure and carrier companies such as those engaged in
cell-tower development and network expansion.

               About Carriox Capital II LLC

Carriox Capital II provides working-capital loans to carriers,
cell-tower developers, and telecom operators.

Carriox Capital II LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-74031) on October 20,
2025. In its petition, the Debtor reports estimated assets up to
$50,000 and estimated liabilities between $500 million and $1
billion.

Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case.

The Debtor is represented by John E, Jureller, Esq. and Andrew
Charles Brown, Esq. of Klestadt Winters Jureller Southard &
Stevens, LLP.


CARRIOX CAPITAL: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Carriox Capital II LLC
        100 Quentin Roosevelt Blvd, Suite 503
        Garden City, NY 11530

Business Description: Carriox Capital II LLC provides accounts
                      receivable financing to carriers, cell tower
                      companies, telecom operators, and
                      subcontractors, operating within the
                      nondepository credit intermediation sector
                      from Garden City, New York.

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 25-74031

Judge: Hon. Sheryl P Giugliano

Debtor's Counsel: John E. Jureller, Jr., Esq.
                  KLESTADT WINTERS JURELLER SOUTHARD & STEVENS,
                  LLP
                  200 West 41st Street
                  17th Floor
                  New York, NY 10036
                  Tel: (212) 972-3000
                  Email: jjureller@klestadt.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $500 million to $1 billion

The petition was signed by John D. Baumgartner as chief
restructuring 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/WX34LBQ/Carriox_Capital_II_LLC__nyebke-25-74031__0001.0.pdf?mcid=tGE4TAMA


CELSIUS NETWORK: Ex-CEO's Lawyers Seek Quick Ch. 11 Case Exit
-------------------------------------------------------------
Angelica Serrano-Roman of Bloomberg Law reports that rhe Long
Island law firm Ruskin Moscou Faltischek PC moved to exit its
representation of Celsius Network founder Alex Mashinsky, citing
unpaid fees and major disputes over litigation strategy. In its
filing, the firm said the relationship with Mashinsky had broken
down beyond repair.

The request, submitted to the U.S. Bankruptcy Court for the
Southern District of New York, seeks permission for a rapid
withdrawal from the case. The firm noted Mashinsky effectively
discharged it as his counsel in Celsius's ongoing Chapter 11
proceedings, the report states.

                      About Celsius Network

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

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

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

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

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

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

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

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

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

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

                        *     *     *

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


CHILL LABS: Seeks Chapter 11 Bankruptcy in Texas
------------------------------------------------
On October 20, 2025, Chill Labs LLC voluntarily filed for Chapter
11 protection in the Eastern District of Texas. The company's
bankruptcy petition indicates assets and debts in the range of $1
million to $10 million, with a reported creditor count between one
and 49.

                  About Chill Labs LLC

Chill Labs LLC is a limited liability company.

Chill Labs LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-60682) on October 20,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Joshua P. Searcy handles the case.

The Debtor is represented by Joyce W. Lindauer, Esq. of Joyce W.
Lindauer Attorney, PLLC.


CHILL LABS: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Chill Labs LLC
        One Cowboy Way
        Frisco, TX 75033

Business Description: Chill Labs LLC provides property management
                      services on behalf of third parties and
                      performs residential and commercial real-
                      estate appraisals.

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Eastern District of Texas

Case No.: 25-60682

Judge: Hon. Joshua P Searcy

Debtor's Counsel: Joyce Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  117 S. Dallas St.
                  Ennis TX 75119
                  Tel: (972) 503-4033
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dipika Patel as president.

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/BWORVEI/Chill_Labs_LLC__txebke-25-60682__0001.0.pdf?mcid=tGE4TAMA


CORCHIS CAPITAL: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 cases of Corchis Capital Inc. and its affiliates, according to
court dockets.

                    About Corchis Capital Inc.

Corchis Capital Inc., together with Corchis Hospitality Group, LLC,
Corchis Hospitality Management, LLC, Amici 30A Italian Kitchen,
LLC, Amigos 30A Mexican Kitchen, LLC, and Friends 30A Burger Bar,
LLC, operates a portfolio of dining and hospitality businesses
based in Inlet Beach, Florida. The group develops and manages
restaurant concepts including Italian, Mexican, and American casual
dining brands serving the 30A and greater Northwest Florida market.
Their operations span corporate management, hospitality services,
and restaurant ownership.

Corchis Capital and its affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Lead Case No.
25-30866) on September 10, 2025. In its petition, Corchis Capital
reported up to $50,000 in assets and liabilities.

Honorable Bankruptcy Judge Karen K. Specie handles the cases.

The Debtors tapped Edward J. Peterson, Esq., at Berger Singerman,
LLP as legal counsel and Horne, LLP as accountant.


COSMOS HEALTH: Regains Minimum Bid Price Compliance
---------------------------------------------------
Cosmos Health Inc. announced that it received written notice from
The Nasdaq Stock Market LLC confirming that the Company has
regained compliance with Nasdaq Listing Rule 5550(a)(2), which
requires a minimum bid price of $1.00 per share.

As previously disclosed, on November 6, 2024, the Company received
a letter from Nasdaq notifying the Company that the Company was not
in compliance with Nasdaq Listing Rule 5550(a)(2), as the minimum
bid price for the Company's listed securities was less than $1 for
the previous 30 consecutive business days.

In the Notice, Nasdaq stated that for the last 18 consecutive
business days, from September 22, 2025, to October 15, 2025, the
closing bid price of the Company's common stock has been at or
above $1.00 per share. Accordingly, the Company is now in
compliance with the Listing Rule, and Nasdaq has closed the
matter.

Greg Siokas, CEO of Cosmos Health, stated: "We are very pleased to
have regained compliance with Nasdaq's minimum bid price
requirement. Importantly, this was achieved organically, reflecting
the continued execution of our strategic initiatives and the
strengthening of our fundamentals. We remain focused on creating
enduring value for our shareholders, guided by our commitment to
innovation, operational excellence, and diversification, including
the ongoing implementation of our digital asset strategy."

                       About Cosmos Health

Cosmos Health Inc. (Nasdaq: COSM), incorporated in 2009 in Nevada,
is a diversified, vertically integrated global healthcare group.
The Company owns a portfolio of proprietary pharmaceutical and
nutraceutical brands, including Sky Premium Life, Mediterranation,
bio-bebe, and C-Sept. Through its subsidiary, Cana Laboratories
S.A., which is licensed under European Good Manufacturing Practices
(GMP) and certified by the European Medicines Agency, it
manufactures pharmaceuticals, food supplements, cosmetics,
biocides, and medical devices within the European Union.

As of June 30, 2025, Cosmos Health had $61,835,560 in total assets,
$35,603,926 in total liabilities, and a total stockholders' equity
of $26,231,633.

New York, N.Y.-based RBSM LLP, the Company's auditor since 2024,
issued a "going concern" qualification in its report dated April
15, 2025, attached to the Company's Annual Report on Form 10-K for
the year ended December 31, 2024, citing that the Company has
incurred substantial operating losses and will require additional
capital to continue as a going concern. This raises substantial
doubt about the Company's ability to continue as a going concern.


COUNTRY GARDEN: Nov. 14, 2025 Chapter 15 Recognition Hearing
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York has
scheduled a hearing to consider the relief requested by Fong Ching
Lam, as foreign representative of Country Garden Holdings Company,
in the Chapter 15 Petition for 10:00 a.m. (Eastern Time) on
November 14, 2025.

Any party-in-interest wishing to submit a response or objection to
the Chapter 15 Petition must do so so as to be actually received on
or before November 7, 2025. If no response or objection is timely
filed, the Court may grant the relief without further notice or
hearing.

                        About Country Garden

Country Garden Holdings Company Limited (HKEX:2007), an investment
holding company, invests, develops, and constructs real estate
properties primarily in Mainland China. The company operates in
two
segments, Property Development and Construction. It develops
residential projects, such as townhouses and condominiums; and car
parks and retail shops. The company also develops, operates, and
manages hotels. In addition, it researches and develops robots;
sells electronic hardware and food; and provides interior
decoration, agriculture, landscape design, investment and
management consulting, cultural activity planning, and real estate
consulting services.

As reported in the Troubled Company Reporter-Asia Pacific in late
February 2024, Kingboard Holdings-backed money lender Ever Credit
on Feb. 27, 2024, filed a winding-up petition against Country
Garden to the Hong Kong High Court for non-payment of a US$205
million loan.

The TCR-AP reported in late March 2024 that Country Garden has
hired Kroll to carry out a liquidation analysis. Kroll, the New
York-headquartered financial advisory firm, is expected to conduct
an independent business review of Country Garden before projecting
a recovery rate for the developer's creditors under a liquidation
scenario, according to Reuters.

The developer defaulted on US$11 billion of offshore bonds in late
2023 and is in the process of an offshore debt restructuring.

Earlier in August 2025, it reached an agreement with a core group
of bank creditors that holds 49% of the company's offshore debt,
marking another step in its US$14.1 billion restructuring plan,
according to Reuters.


COUTURE INVESTMENTS: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Couture Investments 1 LLC
        1630 Westwood Drive
        Las Vegas, NV 89102

Business Description: Couture Investments 1 LLC holds full
                      ownership of a commercial property at 2031 W
                      Sunset Rd, Henderson, Nevada, with an
                      estimated value of $2.1 million.

Chapter 11 Petition Date: October 23, 2025

Court: United States Bankruptcy Court
       District of Nevada

Case No.: 25-16348

Debtor's Counsel: David A. Riggi, Esq.
                  RIGGI LAW FIRM
                  7900 W Sahara Ave Suite 100
                  Las Vegas NV 89117
                  Phone: (702) 463-7777
                  Email: riggilaw@gmail.com

Total Assets: $2,100,076

Total Liabilities: $1,324,084

The petition was signed by Kenneth Couture as managing member.

The Debtor filed a list of its 20 largest unsecured creditors, but
all entries were left blank.

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

https://www.pacermonitor.com/view/K23GMVY/COUTURE_INVESTMENTS_1_LLC__nvbke-25-16348__0001.0.pdf?mcid=tGE4TAMA


D SAN JOSE: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: D San Jose LLC
        8762 Preston Trace Blvd.
        Frisco, TX 75033

Business Description: D San Jose LLC operates in the hospitality
                      industry and is associated with Cosmo Hotels
                      Management and D Tur Hotel LLC.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       Eastern District of Texas

Case No.: 25-43157

Debtor's Counsel: Joyce Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  117 S. Dallas St.
                  Ennis TX 75119
                  Tel: (972) 503-4033
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Larry Williams a corporate
representative.

The Debtor did not submit the required list of its 20 largest
unsecured creditors when filing the petition.

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

https://www.pacermonitor.com/view/VYQH5AY/D_San_Jose_LLC__txebke-25-43157__0001.0.pdf?mcid=tGE4TAMA


DEALER 2023: Seeks Chapter 11 Bankruptcy in Texas
-------------------------------------------------
Dealer 2023 LLC has sought Chapter 11 protection in the Northern
District of Texas Bankruptcy Court, with the voluntary petition
filed on October 14, 2025.

The company's schedules list liabilities estimated between $100
million and $500 million. Dealer 2023 LLC identified between one
and 49 creditors in its filing.

                About Dealer 2023 LLC

Dealer 2023 LLC is a limited liability company.

Dealer 2023 LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-90011) on October 14,
2025. In its petition, the Debtor reports estimated assets up to
$100,000 and estimated liabilities between $100 million and $500
million.

The Debtor is represented by Eric Thomas Haitz, Esq. of Bonds Ellis
Eppich Schafer Jones LLP.


DS FORDHAM: Dec. 2 Auction of Equity Interest Securing $55.1MM Loan
-------------------------------------------------------------------
In accordance with the applicable provisions of the Uniform
Commercial Code as in effect in the State of New York, Fordham
South Lender LLC, as successor-in-interest to CPIF Lending, LLC,
will sell at public auction (i) all limited liability company
interests held by Dynamic Star LLC, DS 1 GP Inc., and Namdar
Fordham South LLC in DS Fordham Landing 1 LLC ("Pledged Entity").

The Equity Interests secure the indebtedness owing by the Pledged
Entity to Fordham South in a principal amount of not less than
$55,189,025.74, plus unpaid interest (including default rate
interest), attorneys' fees and other charges, including the costs
to sell the Equity Interests.

The public auction sale will be held at 10:00 AM (CST) on December
2, 2025, by virtual bidding via Zoom (http://bit.ly/FordhamLaSala,
meeting ID: 8319806 2354, passcode: 529092) or by telephone at +1
(646) 931 3860 (using same meeting ID and passcode). The public
sale will be conducted by Matthew D. Mannion of Mannion Auctions,
LLC.

At the Public Sale, PMRP reserves the right to: (i) credit bid up
to the amount of the Debt; (ii) set minimum reserve price for the
Equity Interests; (iii) reject bids, in whole or in part; (iv)
cancel or adjourn the Public Sale, in whole or in part; and (v)
establish the terms and conditions of the Public Sale.

The principal asset of the Pledged Entity is the real property
located at 320 W. Fordham Road, Bronx, New York 10468.

Parties interested in bidding on the Equity Interests must contact
Stephen Schwalb at Newmark, Secured Party's broker, at
+1-469-467-2084 or stephen.schwalb@nmrk.com


EAD CONSTRUCTORS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: EAD Constructors, Inc.
        3635 S. 149th Street
        Omaha, NE 68144

Business Description: EAD Constructors, Inc. provides engineering,
                      automation, project management, and
                      construction management services to clients
                      in the food and beverage, life sciences,
                      logistics, chemical, and consumer goods
                      industries.  The Company also offers safety,
                      training, and embedded services, focusing on
                      improving operational efficiency and
                      business performance.  Founded in 2001, EAD
                      Constructors operates as a multidisciplinary
                      firm delivering integrated solutions across
                      engineering and industrial sectors.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       District of Nebraska

Case No.: 25-81134

Judge: Hon. Brian S Kruse

Debtor's Counsel: Lauren R. Goodman, Esq.
                  MCGRATH NORTH MULLIN & KRATZ, PC LLO
                  Suite 3700 First National Tower
                  1601 Dodge Street
                  Omaha, NE 68102
                  Tel: (402) 341-3070
                  E-mail: lgoodman@mcgrathnorth.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Stephen M. Lichter as CEO and
president.

Debtor: EAD Constructors, Inc.
        3635 S. 149th Street
        Omaha, NE 68144

Case No.: 25-81134

Business Description: EAD Constructors, Inc. provides engineering,
                      automation, project management, and
                      construction management services to clients
                      in the food and beverage, life sciences,
                      logistics, chemical, and consumer goods
                      industries.  The Company also offers safety,
                      training, and embedded services, focusing on
                      improving operational efficiency and
                      business performance.  Founded in 2001, EAD
                      Constructors operates as a multidisciplinary
                      firm delivering integrated solutions across
                      engineering and industrial sectors.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       District of Nebraska

Judge: Hon. Brian S Kruse

Debtor's Counsel: Lauren R. Goodman, Esq.
                  MCGRATH NORTH MULLIN & KRATZ, PC LLO
                  Suite 3700 First National Tower
                  1601 Dodge Street
                  Omaha, NE 68102
                  Tel: (402) 341-3070
                  Email: lgoodman@mcgrathnorth.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Stephen M. Lichter as CEO and
president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free on PacerMonitor at:

https://www.pacermonitor.com/view/SBYKX2A/EAD_Constructors_Inc__nebke-25-81134__0003.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/NZ5P3QI/EAD_Constructors_Inc__nebke-25-81134__0001.0.pdf?mcid=tGE4TAMA



EDWARDS BODY: Carol Fox of GlassRatner Named Subchapter V Trustee
-----------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Carol Fox of
GlassRatner as Subchapter V trustee for Edward's Body Shop & Auto
Repair Inc.

Ms. Fox will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Carol Fox
     GlassRatner
     200 East Broward Blvd., Suite 1010
     Fort Lauderdale, FL 33301
     Tel: 954.859.5075
     Email: cfox@brileyfin.com

           About Edward's Body Shop & Auto Repair Inc.

Edward's Body Shop & Auto Repair Inc. filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla.
Case No. 25-22217) on October 17, 2025, listing between $1 million
and $10 million in assets and liabilities.

Judge Laurel M. Isicoff presides over the case.


ELANCO ANIMAL: Moody's Rates Sr. Secured Bank Facilities 'Ba1'
--------------------------------------------------------------
Moody's Ratings assigned Ba1 ratings to the amended senior secured
bank credit facilities (consisting of a Term Loan B and Term Loan)
of Elanco Animal Health Incorporated (Elanco). In addition, Moody's
assigned a Ba1 rating to a new backed senior secured term loan of
Elanco Financing (Netherlands) B.V., guaranteed by Elanco. There
are no changes to Elanco's existing ratings including the Ba2
corporate family rating, the Ba2-PD probability of default rating,
the Ba1 senior secured bank credit facility ratings, and the B1
senior unsecured notes rating. The speculative grade liquidity
rating is unchanged at SGL-1. The outlook is unchanged at stable,
and Moody's assigned a stable outlook to Elanco Financing
(Netherlands) B.V.

Proceeds from the new term loans are to refinance existing debt in
a transaction that Moody's expects will be leverage neutral but
that will extend Elanco's maturity profile.

RATINGS RATIONALE

Elanco's Ba2 rating reflects its good position in the global animal
health industry, with annual revenue above $4 billion. Revenue is
diverse by product, species and geography. Moody's expects
improving organic growth as Elanco's newest products, including
Zenrelia and Credelio Quattro, grow over time. Cash flow will
steadily expand with earnings growth and declining integration and
restructuring expenses. The rating reflects favorable
characteristics of the animal health market, which has lower
business risk than other healthcare sectors and good long-term
growth prospects.

These strengths are tempered by moderately high financial leverage,
notwithstanding ongoing debt reduction. On Moody's basis, gross
debt/EBITDA was 5.1x as of June 30, 2025, but Moody's anticipates
steady reduction in line with management's longer term target of
3.0x net leverage. Elanco's recent launches are gaining traction
but as new products they face commercial execution risk. Finally,
Elanco's top-line growth is solid, but investment in product
launches and tariff costs will impede margin expansion.

The outlook is stable, and prospectively includes Moody's
expectations of continuing debt reduction and declining financial
leverage over the next 12 to 18 months.

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

Factors that could lead to an upgrade include good uptake of new
products, solid top-line growth and margin expansion, and continued
focus debt reduction. Quantitively, debt/EBITDA sustained below
4.25x could lead to an upgrade.

Factors that could lead to a downgrade include sustained
below-market growth, significant margin deterioration, or
debt-funded acquisitions. Quantitatively, debt/EBITDA sustained
above 4.75x could lead to a downgrade.

Headquartered in Indianapolis, Indiana, Elanco Animal Health
Incorporated is a global manufacturer of animal health products.
The company develops, manufactures, and markets pharmaceutical
products including vaccines, medicinal feed additives, and
preventive medicines for farm animals and pets. For the 12 months
ended June 30, 2025 Elanco's revenues totaled approximately $4.5
billion.

The principal methodology used in these ratings was Manufacturing
published in September 2025.


ELECTRIC PLAYHOUSE: Seeks Chapter 11 Bankruptcy, Faces Eviction
---------------------------------------------------------------
Law360 and AP report that Electric Playhouse, a Las Vegas-based
interactive dining and gaming venue located inside Caesars Palace,
has filed for Chapter 11 bankruptcy protection in Nevada. The
filing comes as the company faces an impending eviction and
millions of dollars in unpaid claims from contractors and its
landlord, according to the report.

According to court documents, the business lists assets between $1
million and $10 million and liabilities of a similar amount. The
filing also notes that unsecured creditors are unlikely to receive
repayment once administrative expenses are covered.

                      About Electric Playhouse

Electric Playhouse is a Las Vegas-based interactive dining and
gaming venue located inside Caesars Palace.

Electric Playhouse sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Nev. Case No. 25-1627) on October 20,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Natalie M. Cox handles the case.

The Debtor is represented by Matthew C. Zirzow, Esq. of Larson And
Zirzow, LLC.


ESPERANZA ELEMENTARY: S&P Rates 2025A/B School Revenue Bonds 'BB'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' long-term rating to the Utah
Charter School Finance Authority's $4.43 million series 2025A and
$180,000 series 2025B charter school revenue bonds, issued for
Esperanza Elementary (Esperanza).

The outlook is stable.

S&P said, "We analyzed the school's environmental, social, and
governance factors and consider them neutral in our credit rating
analysis.

"The stable outlook reflects our expectation that Esperanza will
sustain enrollment and demand metrics in line with expansion plans,
and that it will maintain positive operating performance and
sufficient lease-adjusted MADS coverage following the upcoming
issuance.

"We could consider a negative rating action if demand metrics
weaken materially or if financial performance levels are weaker
than currently expected. Following the planned series 2025
issuance, we would view negatively the issuance of additional debt
without a commensurate growth in resources or material declines in
liquidity.

"We could consider a positive rating action if the school
strengthens its liquidity position in line with that of
higher-rated peers while sustaining positive operating performance,
sound lease-adjusted MADS coverage, and consistent demand metrics
in line with expansion plans."



FERRELLGAS PARTNERS: Prices Offering of $650M of 9.25% Senior Notes
-------------------------------------------------------------------
Ferrellgas, L.P. and its wholly-owned subsidiary Ferrellgas Finance
Corp. (together with the Company, the "Issuers") announced that the
Issuers priced an offering of $650 million aggregate principal
amount of 9.250% senior notes due 2031 at an offering price equal
to 100% of the principal thereof.

The offering of the Notes is expected to close on or about October
27, 2025, subject to customary closing conditions.

The Notes will be senior obligations of the Issuers and will be
guaranteed on a senior unsecured basis by Ferrellgas, Inc., and
each existing and future subsidiary of the Company, subject to
certain exceptions.

The Issuers intend to use the net proceeds received from the
offering of the Notes, together with cash on hand, to redeem all of
the Issuers' 5.375% Senior Notes due 2026.

The redemption of the 2026 Notes is conditioned upon the completion
of the proposed offering of Notes and entry into an amendment to
the credit agreement governing the Company's existing revolving
credit facility.

The Notes have not been and will not be registered under the
Securities Act of 1933, as amended, or any state securities laws
and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state laws.

The Notes are being offered and sold only to persons reasonably
believed to be qualified institutional buyers pursuant to Rule 144A
under the Securities Act and to certain non-U.S. persons outside
the United States in compliance with Regulation S under the
Securities Act.

                          About Ferrellgas

Ferrellgas Partners, L.P., through its operating partnership,
Ferrellgas, L.P., and subsidiaries, serves propane customers in all
50 states, the District of Columbia, and Puerto Rico.

As of July 31, 2025, the Company had $1.42 billion in total assets,
$2.45 billion in total liabilities, and $1.03 billion in total
deficit.

                           *     *     *

In October 2025, S&P Global Ratings raised its Company credit
rating on Ferrellgas Partners L.P. to 'B' from 'CCC'. . . "The
stable outlook reflects our expectation that Ferrellgas will
maintain S&P Global Ratings-adjusted leverage in the 6.0x-6.5x
range over our forecast period."


FIRST BRANDS: CEO Patrick James Faces Overtime Pay Lawsuit
----------------------------------------------------------
Jonathan Randles and Eliza Ronalds-Hannon of Bloomberg News report
that two private security guards have sued Patrick James, founder
of First Brands, accusing him of failing to pay them overtime for
extensive hours worked protecting the company's former CEO.

The complaint was filed October 19, 2025 in Ohio, naming James
personally in connection with alleged wage violations, according to
the report.

Plaintiffs Sam Livingston and James Boone said their duties often
required overnight shifts, travel, and on-call availability that
regularly exceeded 60 hours a week. They claim the extra hours were
unpaid despite their repeated requests for compensation, the report
states.

The suit demands overtime wages and additional damages under
federal and state labor laws. First Brands and James have yet to
respond publicly to the claims, 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 Seeks Appointment of Examiner
--------------------------------------------------------
The U.S. Justice Department's bankruptcy watchdog sought the
appointment of an independent examiner in the Chapter 11 cases of
First Brands Group, LLC and its affiliates to investigate nearly
$2.3 billion in missing funds.

In his motion, Kevin Epstein, U.S. Trustee for Region 7, asked the
U.S. Bankruptcy Court for the Southern District of Texas to appoint
an examiner in light of the management's inability to account for
the missing funds.

The missing funds attributable to "off-balance sheet" financings
were incurred through special purpose vehicles held primarily by
Viceroy Private Capital, LLC, a First Brands Group affiliate. The
companies' advisors discovered these funds during due diligence for
a refinancing.

"The [companies'] creditors and other parties in interest have a
strong interest in the investigation of these substantial and
serious allegations of fraud, dishonesty, incompetence, misconduct,
or mismanagement by the [companies], including the circumstances
surrounding the missing funds," the U.S. Trustee said.

Citing a declaration by Chief Restructuring Officer Charles Moore,
the U.S. Trustee alleged that the companies' management,
particularly their Boards of Managers, may have engaged in fraud,
dishonesty, or criminal conduct.

The bankruptcy watchdog questioned the continued roles of Patrick
James, the companies' sole equity holder and former chief executive
officer, and Stephen Graham, the companies' chief financial
officer, who both remain on the Boards of Managers or in executive
management.

"It appears that at least part of the management team responsible
for overseeing the [companies] while billions of dollars went
missing remains in place in some capacity," the U.S. Trustee said.

The U.S. Trustee also criticized the companies' move to form a
special committee to investigate the missing funds.

"While the [companies] formed a special committee by appointing two
independent board managers to investigate the missing funds, the
scope and gravity of the malfeasance is too significant to be
addressed solely through an internal and debtor directed process,"
the U.S. Trustee said.

The appointment of an examiner with expanded powers (beyond those
set forth in Sections 1106(a)(3) and 1106(a)(4) of the U.S.
Bankruptcy Code) could trigger a default under the companies' $4.4
billion debtor-in-possession financing.

The companies previously received interim approval to obtain $500
million in DIP financing from lenders led by Morgan Stanley Senior
Funding, Inc., which holds a majority of their secured debt. The
hearing to consider final approval of the financing is scheduled
for November 6.

                         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 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.

The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel;
Lazard Freres & Co. as investment banker; Alvarez & Marsal North
America, LLC as financial advisor; and C Street Advisory Group as
strategic communications advisor. Kroll Restructuring
Administration, LLC is the Debtors' claims, noticing and
solicitation agent.

Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group
of Lenders' legal counsel and investment banker, respectively.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
  
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


FOSSIL (UK) GLOBAL: Chapter 15 Case Summary
-------------------------------------------
Chapter 15 Debtor:        Fossil (UK) Global Services Ltd
                          Ashton House, 497 Silbury Boulevard
                          Milton Keynes MK9 2LD
                          England

Business Description:     Fossil (UK) Global Services Ltd,
                          incorporated in England and Wales, is an
                          indirect subsidiary of Fossil Group,
                          Inc., a Delaware-based publicly traded
                          company, and operates as part of a
                          global design, marketing, and
                          distribution group specializing in
                          consumer fashion accessories, including
                          watches, jewelry, handbags, small
                          leather goods, belts, and sunglasses.

Chapter 15 Petition Date: October 20, 2025

Court:                    United States Bankruptcy Court
                          Southern District of Texas

Case No.:                 25-90525

Judge:                    Hon. Christopher M Lopez

Foreign Representative:   Randy Greben
                          901 S. Central Expy
                          c/o Randy Greben
                          Richardson, Texas 75080
                          United States of America

Foreign Proceeding:       Restructuring Plan pursuant to Part 26A
                          of the UK Companies Act 2006 (as
                          amended)

Foreign
Representative's
Counsel:                  Clifford William Carlson, Esq.
                          WEIL, GOTSHAL & MANGES LLP
                          700 Louisiana Street, Suite 3700
                          Houston, Texas 77002
                          Tel: (713) 546-5000
                          Email: clifford.carlson@weil.com

Estimated Assets:         Unknown

Estimated Debt:           Unknown

A full-text copy of the Chapter 15 petition is available for free
on PacerMonitor at:

https://www.pacermonitor.com/view/AG35E3Q/Fossil_UK_Global_Services_Ltd__txsbke-25-90525__0001.0.pdf?mcid=tGE4TAMA


FOSSIL (UK): Seeks Chapter 15 Bankruptcy in Texas
-------------------------------------------------
James Nani of Bloomberg Law reports that Fossil Group Inc., the
U.S.-based watch and accessories company, is seeking recognition
from a Texas bankruptcy court for a U.K. restructuring plan
covering about $150 million in unsecured debt. The move comes as
the company faces a looming liquidity crunch that threatens its
operations.

Fossil (UK) Global Services Ltd. filed the Chapter 15 petition
Monday, October 20, 2025, in the U.S. Bankruptcy Court for the
Southern District of Texas, asking the court to formally
acknowledge the English restructuring proceeding led by its parent
company. The plan is part of Fossil's broader effort to manage its
debt load and preserve liquidity amid ongoing market challenges,
according to Bloomberg Law.

By pursuing Chapter 15 protection, Fossil aims to shield its U.S.
assets from creditor actions while aligning American noteholders
with the terms of the U.K. restructuring. The cross-border filing
underscores the company's strategy to coordinate its financial
restructuring efforts across jurisdictions, the report states.

              About Fossil (UK)

Fossil (UK) Global Services Ltd. is a subsidiary of U.S.-based
Fossil Group, Inc., a global leader in the design, production, and
marketing of watches, jewelry, handbags, and related accessories.
The UK unit supports the company’s European operations, handling
distribution, logistics, and administrative functions for its
retail and wholesale network across the region.

Fossil Group Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90525) on October 20,
2025. In its petition, the Debtor reports about $150 million in
unsecured debt.

Honorable Bankruptcy Judge Christopher M. Lopez handles the case.

The Debtor is represented by Clifford William Carlson, Esq. of Weil
Gotshal And Manges.

                  About Fossil Group Inc.

Fossil Group Inc. is the U.S.-based watch and accessories company.


FTX TRADING: Kroll Wants Hack Suit Dismissed, Moved or Arbitrated
-----------------------------------------------------------------
Emily Lever of Law360 reports that Kroll Restructuring
Administration LLC is seeking to have a proposed class action over
a major data breach dismissed or moved out of Texas federal court.

The company, which managed creditor claims for FTX Trading Ltd.,
BlockFi Inc., and Genesis Global Holdco LLC, argues that the case
lacks proper standing and should be governed by an arbitration
agreement signed online by users, according to the report.

In its motion, Kroll urged the court to either throw out the
lawsuit entirely or transfer it to a different jurisdiction. The
data breach at issue exposed the personal information of thousands
of creditors tied to the three high-profile cryptocurrency
bankruptcies, the report states.

                About FTX Trading Ltd.

FTX is the world's second-largest cryptocurrency firm. FTX is a
cryptocurrency exchange built by traders, for traders. FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell
itself to its giant rival Binance, but Binance walked away from the
deal amid reports on FTX regarding mishandled customer funds and
alleged US agency investigations.

At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step
aside, and restructuring vet John J. Ray III was quickly named new
CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.

FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year. According to Reuters, SBF
shared a document with investors on Nov. 10 showing FTX had $13.86
billion in liabilities and $14.6 billion in assets. However, only
$900 million of those assets were liquid, leading to the cash
crunch that ended with the company filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor. Kroll is the claims agent,
maintaining the page https://cases.ra.kroll.com/FTX/Home-Index

The official committee of unsecured creditors tapped Paul Hastings
as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as
Delaware and conflicts counsel; FTI Consulting, Inc. as financial
advisor; and Jefferies, LLC as investment banker.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases. White
collar crime specialist Mark S. Cohen has reportedly been hired to
represent SBF in litigation. Lawyers at Paul Weiss previously
represented SBF but later renounced representing the entrepreneur
due to a conflict of interest.


GENESIS HEALTHCARE: No Decline in Resident Care, PCO Report Says
----------------------------------------------------------------
Susan Goodman, the patient care ombudsman, filed with the U.S.
Bankruptcy Court for the Northern District of Texas her first
report regarding the quality of resident care provided at
facilities operated by Genesis Healthcare, Inc. and affiliates in
New Mexico, West Virginia, California, and Washington State.

The site visits of the PCO included interaction with administrative
and nursing leadership, department leads, clinical care staff,
clinicians, patients/residents, visitors, and, if present, regional
support staff. The PCO toured facilities, observed care
interactions, reviewed supplies, equipment, documentation, and care
processes. In total, the PCO visited a total of 27 locations this
reporting cycle. Additionally, she engaged in 18 operational
leadership calls.

The PCO did not encounter any location that was complacent in
attempts to manage staffing challenges. Locations had a person
dedicated to assisting with scheduling staff and managing staff
callouts with back-up coverage. Ultimately, nursing leadership
reported working the floor when other options for staffing coverage
were exhausted.

In addition to staffing, the PCO inquired on other care quality
topics, including without limitation, safety, wounds, falls,
unanticipated weight loss, gradual dose tapering of certain
medications, elopement prevention, and grievances. Transportation
availability for off-site care and continued on-campus care from
professionals such as physiatry, behavioral health, podiatry, and
dentistry were reviewed.

The PCO noted that resident grievance feedback included concerns
inclusive of various topics. Common themes across locations
included extended wait times for help after pressing the call
light, activity preference adjustment suggestions, and various food
complaints from portions, to flavor, to temperature. Most of the
interviewees reported positively on the staff that was present in
the building and acknowledged facility leadership efforts toward
improving resident experiences.

Ms. Goodman cited that her efforts have not resulted in findings
requiring immediate court reporting due to care decline or material
adverse effects from the bankruptcy as contemplated under Section
333(b) of the Bankruptcy Code. In facilities that had historical
survey underperformance or new and recent challenges, the PCO
encountered responsiveness, not complacency. Regional staff and
consultants were encountered at some locations providing additional
resources to improve care processes and enhance survey
preparation/progress.

A copy of the ombudsman report is available for free at
https://urlcurt.com/u?l=lwn1cb from Epiq Corporate Restructuring,
LLC, claims agent.

The ombudsman may be reached at:

     Susan N. Goodman
     Pivot Health Law
     P.O. Box 69734
     Oro Valley, AZ 85737
     Phone: 520-744-7061
     Email: sgoodman@pivothealthaz.com

                     About Genesis Healthcare

Genesis Healthcare, Inc. (OTC Expert Market: GENN) is a holding
company with subsidiaries that, on a combined basis, comprise one
of the nation's largest post-acute care providers with nearly 200
skilled nursing centers and senior living communities in 17 states
nationwide. Genesis subsidiaries also supply rehabilitation therapy
to approximately 1,500 locations in 43 states and the District of
Columbia.

On July 9, 2025, Genesis Healthcare, Inc. and 298 of its affiliates
and subsidiaries each filed voluntary petitions in Dallas, Texas,
seeking relief under chapter 11 of the United States Bankruptcy
Code (Bankr. N.D. Texas Lead Case No. 25-80185).

The Debtors listed at least $1 billion in assets and liabilities as
of the bankruptcy filing.  As of the Petition Date, the Debtors had
secured debt of $708.5 million and unsecured obligations totaling
$1.568 billion.

The Debtors tapped McDermott Will & Emery LLP as bankruptcy
counsel, and Jefferies, LLC, as investment banker.  Ankura
Consulting Group, LLC, provides the services of senior managing
directors Russell A. Perry and Louis E. Robichaux IV as CRO of the
Debtors. Epiq Corporate Restructuring, LLC, is the claims agent.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Proskauer Rose, LLP and Stinson, LLP as legal
counsel, FTI Consulting, Inc. as financial advisor and Houlihan
Lokey Capital, Inc. as investment banker.

Melanie Cyganowski, Susan Goodman and Suzanne Koenig are the
patient care ombudsmen appointed in the cases. Ms. Cyganowski and
Ms. Goodman are represented by the law firms of Otterbourg, P.C.
and Kane Russell Coleman Logan, PC, respectively. Greenberg
Traurig, LLP and SAK Management Services, LLC serve as Ms. Koenig's
legal counsel and medical operations advisor, respectively.

Counsel to Welltower:

     John T. Cox III, Esq.
     Gibson, Dunn & Crutcher LLP
     2001 Ross Avenue, Suite 2100
     Dallas, TX 75201
     tcox@gibsondunn.com

          - and -

     Jeffrey C. Krause, Esq.
     Michael G. Farag, Esq.
     Gibson, Dunn & Crutcher LLP
     333 South Grand Avenue
     Los Angeles, CA 90071
     jkrause@gibsondunn.com
     mfarag@gibsondunn.com

Counsel to Omega:

     Robert J. Lemons, Esq.
     Goodwin Proctor LLP
     The New York Times Building
     620 Eighth Avenue
     New York, NY 10018
     rlemons@goodwinlaw.com

          - and -

     Leighton Aiken, Esq.
     Ferguson Braswell Fraser Kubasta PC
     2500 Dallas Parkway, Suite 600
     Plano, TX 75093
     laiken@fbfk.law

Counsel to the Debtors' Prepetition ABL Secured Parties:

     Kenneth J. Ottaviano, Esq.
     Blank Rome LLP
     444 West Lake Street, Suite 1650
     Chicago, IL 60606
     ken.ottaviano@blankrome.com

Counsel to the Debtors' DIP Lenders:

     James Muenker, Esq.
     DLA Piper LLP
     1900 N. Pearl St., Suite 2200
     Dallas, TX 75201
     james.muenker@us.dlapiper.com


GENESIS HEALTHCARE: No Resident Care Concern, 1st PCO Report Says
-----------------------------------------------------------------
Melanie Cyganowski, the patient care ombudsman, filed with the U.S.
Bankruptcy Court for the Northern District of Texas her first
report regarding the quality of resident care provided at the
facilities operated by Genesis Healthcare, Inc. and affiliates in
Massachusetts, Maine, New Hampshire, New Jersey, Rhode Island, and
Vermont.

In the report which covers the period August 15 to October 14, the
PCO conducted visits at all of the facilities located in Maine and
Massachusetts, as well as one facility in Rhode Island for which
this court has approved rejection of the healthcare providers'
lease (but for which no formal transfer or contingency plan has
been established).

The PCO noted that the bankruptcy cases do not appear to have
adversely impacted staffing at the facilities visited. None of the
visited facilities experienced any changes in staffing that could
reasonably be attributed to the filing of the cases, nor could that
be deemed a risk to patient care. Administrators at the facilities
reported minimal concern arising from these cases among themselves
or existing employees, and none reported that they had experienced
any abnormal difficulty recruiting or training new employees.

The PCO cited that the facilities visited during the first
reporting period were generally clean and free of debris. The
buildings and grounds were all generally in good condition and
well-maintained, with most structural features of the facilities,
ventilation, windows, points of ingress and egress, elevators,
walkways, and the like, in adequate working order at the time of
visits.

In addition, hallways observed were free of obstructions and floors
were generally clear of debris and liquids or were otherwise
promptly cleared. The kitchens were observed in orderly condition.
The laundry rooms were functional and in use during many of the
facility tours and the medicine carts and supply closets were well
stocked.

The PCO observed that resident rooms were organized in accordance
with state regulatory requirements. Facilities had outdoor seating
areas, small gardens, and walking paths. At the assisted living
facility visited in Massachusetts, residents were observed walking
around the facility, sitting outside in the sun, or eating lunch
with other residents or visitors. In discussions with certain of
these residents, all reported that they were content with the
facility's accommodations.

Ms. Cyganowski explained that Genesis provided information
detailing patient complaints over the last two years. Based on
those records, and on discussions with administrators, there was no
apparent increase in the number of patient complaints submitted to
the facilities. Nor did the administrators indicate any change in
the nature of complaints made by residents or their families.
Administrators uniformly explained that procedures for addressing
complaints had not changed or broken down since the petition date.


A copy of the ombudsman report is available for free at
https://urlcurt.com/u?l=RE8mep from Epiq Corporate Restructuring,
LLC, claims agent.

The ombudsman may be reached at:

     Melanie Cyganowski
     Otterbourg, PC
     230 Park Avenue
     New York, NY 10169-0075
     Tel: 212-661-9100
     Email: mcyganowski@otterbourg.com

                     About Genesis Healthcare

Genesis Healthcare, Inc. (OTC Expert Market: GENN) is a holding
company with subsidiaries that, on a combined basis, comprise one
of the nation's largest post-acute care providers with nearly 200
skilled nursing centers and senior living communities in 17 states
nationwide. Genesis subsidiaries also supply rehabilitation therapy
to approximately 1,500 locations in 43 states and the District of
Columbia.

On July 9, 2025, Genesis Healthcare, Inc. and 298 of its affiliates
and subsidiaries each filed voluntary petitions in Dallas, Texas,
seeking relief under chapter 11 of the United States Bankruptcy
Code (Bankr. N.D. Texas Lead Case No. 25-80185).

The Debtors listed at least $1 billion in assets and liabilities as
of the bankruptcy filing.  As of the Petition Date, the Debtors had
secured debt of $708.5 million and unsecured obligations totaling
$1.568 billion.

The Debtors tapped McDermott Will & Emery LLP as bankruptcy
counsel, and Jefferies, LLC, as investment banker.  Ankura
Consulting Group, LLC, provides the services of senior managing
directors Russell A. Perry and Louis E. Robichaux IV as CRO of the
Debtors. Epiq Corporate Restructuring, LLC, is the claims agent.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Proskauer Rose, LLP and Stinson, LLP as legal
counsel, FTI Consulting, Inc. as financial advisor and Houlihan
Lokey Capital, Inc. as investment banker.

Melanie Cyganowski, Susan Goodman and Suzanne Koenig are the
patient care ombudsmen appointed in the cases. Ms. Cyganowski and
Ms. Goodman are represented by the law firms of Otterbourg, P.C.
and Kane Russell Coleman Logan, PC, respectively. Greenberg
Traurig, LLP and SAK Management Services, LLC serve as Ms. Koenig's
legal counsel and medical operations advisor, respectively.

Counsel to Welltower:

     John T. Cox III, Esq.
     Gibson, Dunn & Crutcher LLP
     2001 Ross Avenue, Suite 2100
     Dallas, TX 75201
     tcox@gibsondunn.com

          - and -

     Jeffrey C. Krause, Esq.
     Michael G. Farag, Esq.
     Gibson, Dunn & Crutcher LLP
     333 South Grand Avenue
     Los Angeles, CA 90071
     jkrause@gibsondunn.com
     mfarag@gibsondunn.com

Counsel to Omega:

     Robert J. Lemons, Esq.
     Goodwin Proctor LLP
     The New York Times Building
     620 Eighth Avenue
     New York, NY 10018
     rlemons@goodwinlaw.com

          - and -

     Leighton Aiken, Esq.
     Ferguson Braswell Fraser Kubasta PC
     2500 Dallas Parkway, Suite 600
     Plano, TX 75093
     laiken@fbfk.law

Counsel to the Debtors' Prepetition ABL Secured Parties:

     Kenneth J. Ottaviano, Esq.
     Blank Rome LLP
     444 West Lake Street, Suite 1650
     Chicago, IL 60606
     ken.ottaviano@blankrome.com

Counsel to the Debtors' DIP Lenders:

     James Muenker, Esq.
     DLA Piper LLP
     1900 N. Pearl St., Suite 2200
     Dallas, TX 75201
     james.muenker@us.dlapiper.com


GENESIS HEALTHCARE: Quality of Care Maintained, 1st PCO Report Says
-------------------------------------------------------------------
Suzanne Koenig, the patient care ombudsman, filed with the U.S.
Bankruptcy Court for the Northern District of Texas her first
report regarding the quality of resident care provided at
facilities operated by Genesis Healthcare, Inc. and affiliates in
Alabama, Delaware, Maryland, North Carolina, Tennessee, Virginia,
and Pennsylvania.

In the report which covers the period August 15 to October 14, the
PCO developed a standardized methodology to ensure consistency in
reporting among the ombudsman's representatives visiting each
location due to the number of facilities she has overseen. During
each visit, whether in person or virtually, the ombudsman or her
representative met with the concerned facility's leadership team,
conducted a tour of each facility and its buildings, and
interviewed key professional staff and residents where possible.

The ombudsman observed that Magnolia Ridge provides good care to
its residents, with sufficient supplies and food items to meet
residents' needs, and the facility was staffed appropriately.
Despite this period of uncertainty, staff remains dedicated to each
other and their residents, and staff is working hard to ensure that
the residents' health and safety is maintained. Residents reported
being satisfied with care, activities, and meals.

Importantly, no residents reported abuse or neglect. The ombudsman
personally spoke with the resident who was the subject of an
immediate jeopardy citation, and the resident confirmed that they
were not harmed. During observations, residents' rights were
maintained.

The ombudsman observed that Magnolia Ridge maintained care and
safety for the residents it already discharged, at the residents'
request, in preparation for potential Medicare decertification.
Residents and their families expressed sadness and anxiety about
the potential closure but reported satisfaction with their care and
the facility's handling of the possible shutdown.

Ms. Koenig did not observe any staffing issues that put residents
in immediate danger or jeopardized their care, although recruitment
across the facilities has proved challenging. The healthcare
providers are actively recruiting and filling vacant shifts with
agency staff and per diems and offering signing bonuses for certain
direct care positions. The healthcare providers' staff generally
demonstrated a strong commitment to quality care and safety.

The ombudsman noted that she did not find any concerns related to
the adequacy of supplies, such as food, drugs, and medical
supplies, among other necessary items. Based on the ombudsman's
observations during each of the visits, the supply rooms appeared
to be stocked with enough supplies and equipment to provide safe
resident care.

The ombudsman cited that the facilities overall appeared well
maintained and in good condition, and equipment was functional at
the time of review. There are limited repairs and improvements
required at certain of the facilities. While the repairs and
renovations are an issue that the healthcare providers must
continue to fully resolve, the ombudsman does not believe the
security, safety, or care of the facilities' residents are
presently at risk.

A copy of the ombudsman report is available for free at
https://urlcurt.com/u?l=mQ1XjF from Epiq Corporate Restructuring,
LLC, claims agent.

The ombudsman may be reached at:

     Suzanne Koenig, CEO
     SAK Healthcare
     300 Saunders Road, Suite 300
     Riverwoods, IL 60015
     Phone: 847-446-8400
     Email: skoenig@sakhealthcare.com

                     About Genesis Healthcare

Genesis Healthcare, Inc. (OTC Expert Market: GENN) is a holding
company with subsidiaries that, on a combined basis, comprise one
of the nation's largest post-acute care providers with nearly 200
skilled nursing centers and senior living communities in 17 states
nationwide. Genesis subsidiaries also supply rehabilitation therapy
to approximately 1,500 locations in 43 states and the District of
Columbia.

On July 9, 2025, Genesis Healthcare, Inc. and 298 of its affiliates
and subsidiaries each filed voluntary petitions in Dallas, Texas,
seeking relief under chapter 11 of the United States Bankruptcy
Code (Bankr. N.D. Texas Lead Case No. 25-80185).

The Debtors listed at least $1 billion in assets and liabilities as
of the bankruptcy filing.  As of the Petition Date, the Debtors had
secured debt of $708.5 million and unsecured obligations totaling
$1.568 billion.

The Debtors tapped McDermott Will & Emery LLP as bankruptcy
counsel, and Jefferies, LLC, as investment banker.  Ankura
Consulting Group, LLC, provides the services of senior managing
directors Russell A. Perry and Louis E. Robichaux IV as CRO of the
Debtors. Epiq Corporate Restructuring, LLC, is the claims agent.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Proskauer Rose, LLP and Stinson, LLP as legal
counsel, FTI Consulting, Inc. as financial advisor and Houlihan
Lokey Capital, Inc. as investment banker.

Melanie Cyganowski, Susan Goodman and Suzanne Koenig are the
patient care ombudsmen appointed in the cases. Ms. Cyganowski and
Ms. Goodman are represented by the law firms of Otterbourg, P.C.
and Kane Russell Coleman Logan, PC, respectively. Greenberg
Traurig, LLP and SAK Management Services, LLC serve as Ms. Koenig's
legal counsel and medical operations advisor, respectively.

Counsel to Welltower:

     John T. Cox III, Esq.
     Gibson, Dunn & Crutcher LLP
     2001 Ross Avenue, Suite 2100
     Dallas, TX 75201
     tcox@gibsondunn.com

          - and -

     Jeffrey C. Krause, Esq.
     Michael G. Farag, Esq.
     Gibson, Dunn & Crutcher LLP
     333 South Grand Avenue
     Los Angeles, CA 90071
     jkrause@gibsondunn.com
     mfarag@gibsondunn.com

Counsel to Omega:

     Robert J. Lemons, Esq.
     Goodwin Proctor LLP
     The New York Times Building
     620 Eighth Avenue
     New York, NY 10018
     rlemons@goodwinlaw.com

          - and -

     Leighton Aiken, Esq.
     Ferguson Braswell Fraser Kubasta PC
     2500 Dallas Parkway, Suite 600
     Plano, TX 75093
     laiken@fbfk.law

Counsel to the Debtors' Prepetition ABL Secured Parties:

     Kenneth J. Ottaviano, Esq.
     Blank Rome LLP
     444 West Lake Street, Suite 1650
     Chicago, IL 60606
     ken.ottaviano@blankrome.com

Counsel to the Debtors' DIP Lenders:

     James Muenker, Esq.
     DLA Piper LLP
     1900 N. Pearl St., Suite 2200
     Dallas, TX 75201
     james.muenker@us.dlapiper.com


GENESIS HEALTHCARE: Residents Appeal Owner’s Legal Shield
-----------------------------------------------------------
Soma Biswas of The Wall Street Journal reports that a coalition of
Genesis Healthcare residents has filed an appeal challenging a
bankruptcy court's decision preventing them from pursuing
personal-injury claims against the company's owner, Joel Landau.

They argue the ruling violates their right to a jury trial and
unfairly restricts their ability to seek justice through the civil
court system, according to the report.

Judge Stacey Jernigan issued the ruling earlier in October 2025,
concluding that the residents' personal-injury claims constitute
assets of the bankruptcy estate and therefore must remain within
the court's control. The dispute has become central to Genesis
Healthcare's bankruptcy strategy, which includes a proposed sale of
the company and its liabilities, according to report.

The sale plan names an entity controlled by Landau as the leading
bidder to purchase Genesis and its litigation liabilities for $15
million in cash. If approved, Landau would effectively reacquire
the company while also gaining control over hundreds of lawsuits
filed by residents against him and other affiliates that are not
part of the bankruptcy case, the report states.

Objecting creditors and plaintiffs have criticized the proposed
sale, accusing Landau of using bankruptcy to wipe out tort
liabilities at minimal cost. They argue that the maneuver is an
attempt to skirt the Supreme Court's 2024 Purdue Pharma ruling,
which struck down third-party liability releases that would have
shielded the Sackler family from opioid-related lawsuits, The Wall
Street Journal reports.

In court filings, Genesis countered that the disputed claims belong
to the estate under established Fifth Circuit precedent and
characterized them as "theoretical," since no lawsuits have yet
been filed. The company's special investigation committee estimates
the value of its litigation-related assets at $78 million. On
October 20, Genesis, its landlords, creditors, and Landau jointly
requested the appointment of a mediator to resolve outstanding
issues in the case, the report states.

               About Genesis Healthcare Inc.

Based in Culver City, Calif., Genesis Healthcare Inc. is a medical
group thatprovides physician services in Southern California.
Genesis Healthcare has operated under the names Daehan Prospect
Medical Group and Prospect Genesis Healthcare.  

Genesis Healthcare Inc. and several affiliated debtors sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis
Healthcare Inc. listed between $1 billion and $10 billion in
estimated assets and liabilities.

The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly
administered cases.

The Debtors employed McDermott Will & Schulte LLP as counsel;
Jefferies LLC as investment banker; and Ankura Consulting Group,
LLC, as restructuring advisors, and designated Louis E. Robichaux
IV and Russell A. Perry as co-chief restructuring officers. Katten
Muchin Rosenman LLP serves as special counsel at the sole direction
of Jonathan Foster and Elizabeth LaPuma in their capacity as
independent directors and members of the special investigation
committee.

The U.S. Trustee appointed an official committee of unsecured
creditors in the Chapter 11 cases of Genesis Healthcare Inc. and
affiliates. The Committee retained Proskauer Rose LLP and Stinson
LLP as its co-counsel; FTI Consulting, Inc., as its financial
advisors; and Houlihan Lokey Capital, Inc. as its investment
banker.

The U.S. Trustee also appointed: (i) Melanie Cyganowski of
Otterbourg, PC as patient care ombudsman for the healthcare
facilities listed at https://is.gd/uSxEBx  She tapped Otterbourg as
her counsel; (ii) Susan Goodman of Pivot Health Law as PCO for the
healthcare facilities listed at https://is.gd/M5zlls  She is
represented by Kane Russell Coleman Logan PC as counsel; and (iii)
Suzanne Koenig of SAK Healthcare as PCO for the healthcare
facilities listed at https://is.gd/qv5SwV  She is represented by
Greenberg Traurig, LLP, as counsel. SAK Management Services, LLC
d/b/a SAK Healthcare serves as her medical operations advisor.

Brown Rudnick LLP and Stutzman, Bromberg, Esserman, & Plifka, PC
represent an ad hoc group of holders of personal injury and
wrongful death claims.  Whitaker Chalk Swindle & Schwartz
represents a personal injury claimant and six wrongful death
claimants.


GFW PROPERTIES: Case Summary & Seven Unsecured Creditors
--------------------------------------------------------
Debtor: GFW Properties, LLC
          d/b/a Gas Pipe
        775 E. FM 1187
        Aledo TX 76008

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 25-44090

Judge: Hon. Mark X Mullin

Debtor's Counsel: Craig D. Davis, Esq.
                  DAVIS, ERMIS & ROBERTS, P.C.
                  2000 E. Lamar, Suite 780
                  Arlington TX 76006
                  Tel: (817) 265-8832
                  Fax: (972) 262-3264
                  Email: davisdavisandroberts@yahoo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Benjamin Woerner as managing member.

A copy of the Debtor's list of seven unsecured creditors is
available for free on PacerMonitor at:

https://www.pacermonitor.com/view/Q7SFKLA/GFW_Properties_LLC__txnbke-25-44090__0002.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/GKAWWEA/GFW_Properties_LLC__txnbke-25-44090__0001.0.pdf?mcid=tGE4TAMA


GLENWOOD GFB: Mark Dennis of SL Biggs Named Subchapter V Trustee
----------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a
certified public accountant at SL Biggs, as Subchapter V trustee
for Glenwood GFB, LLC.

Mr. Dennis will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark D. Dennis, CPA
     SL Biggs, A Division of SingerLewak, LLP
     2000 S. Colorado Blvd., Tower 2, Ste. 200
     Denver, CO 80222
     Phone: 303-226-5471
     Email: mdennis@slbiggs.com

                      About Glenwood GFB LLC

Glenwood GFB, LLC operates a fuel and convenience retail business
in Glenwood Springs, Colorado, trading under the Glenwood Fast
Break name.

Glenwood GFB filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Colo. Case No. 25-16685) on October 15,
2025. In its petition, the Debtor reported estimated assets up to
$100,000 and estimated liabilities between $1 million and $10
million.

The Debtor is represented by Gregory K Stern, Esq., at Gregory K.
Stern, P.C.


GRACE ROYALS: Mark Dennis of SL Biggs Named Subchapter V Trustee
----------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a
certified public accountant at SL Biggs, as Subchapter V trustee
for Grace Royals, Inc.

Mr. Dennis will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark D. Dennis, CPA
     SL Biggs, A Division of SingerLewak, LLP
     2000 S. Colorado Blvd., Tower 2, Ste. 200
     Denver, CO 80222
     Phone: 303-226-5471
     Email: mdennis@slbiggs.com

                      About Grace Royals Inc.

Grace Royals, Inc., doing business as Evans Fast Break and Kersey
Supermarket, runs retail convenience stores and a supermarket in
Colorado.  The company offers groceries, convenience products and
fuel, and maintains the required business and tobacco retail
licenses in the state.

Grace Royals sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 25-16681) on October
15, 2025. In its petition, the Debtor reported estimated assets
between $100,001 and $1 million and estimated liabilities between
$1 million and $10 million.

Honorable Bankruptcy Judge Kimberley H. Tyson handles the case.

The Debtor is represented by Gregory K. Stern, Esq., at Gregory K.
Stern, P.C.


GROFF TRACTOR: Section 341(a) Meeting of Creditors on Nov. 21
-------------------------------------------------------------
On October 14, 2025, Groff Tractor Mid Atlantic LLC filed Chapter
11 protection in the Northern District of Texas. According to court
filing, the Debtor reports between $100 million to $500 million in
debt owed to 200 and 999 creditors.

A meeting of creditors under Section 341(a) to be held on November
21, 2025 at 09:30 AM by TELEPHONE.

         About Groff Tractor Mid Atlantic LLC

Groff Tractor Mid Atlantic LLC and subsidiaries operates a network
of construction equipment dealerships serving the Mid-Atlantic
region of the United States. The Company sells, rents, and services
heavy and compact construction machinery, offering parts and
attachments for brands such as Wirtgen, Hamm, Vogele, Transtech,
Thunder Creek, John Deere Equipment, and TopCon.

Groff Tractor Mid Atlantic LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-90010) on
October 14, 2025. In its petition, the Debtor reports estimated
assets and liabilities between $100 million and $500 million each.

Honorable Bankruptcy Judge Edward L. Morris handles the case.

The Debtor is represented by Joshua N. Eppich, Esq. of BONDS ELLIS
EPPICH SCHAFER JONES LLP.


GROUPE LAR: Gets Initial Stay Until 2026, PWC as Monitor
--------------------------------------------------------
The Superior Court of Quebec issued an initial order under the
Companies' Creditors Arrangement Act in respect of Groupe LAR Inc.,
LAR International Inc., LAR Machinerie Inc., LAR Matagami Inc.,
Consultants Procad Inc., Gestion LAR Inc. and ICrane Systems Inc.
("Debtors").

The initial order provides for an initial stay proceedings and
appoints PricewaterhouseCoopers Inc. as monitor of the business and
financial affairs of the Debtors.

On Oct. 14, 2025, the Superior Court of Quebec issued an Order
extending, among others, the stay of proceedings against the
Debtors to Jan. 16, 2026.

A copy of the initial order and relevant materials pertaining to
the CCAA proceedings are available on the Monitor's website at
https://www.pwc.com/ca/groupe-lar.

Groupe LAR Inc. -- https://www.lar.qc.ca/en/ -- designs,
fabricates, and installs custom industrial equipment, overhead
cranes, stoplogs and spillway gates for hydroelectric and heavy
industry.


GUARDIAN ELDER: Seeks to Extend Plan Exclusivity to Jan. 12, 2026
-----------------------------------------------------------------
Guardian Elder Care at Johnstown, LLC d/b/a Richland Healthcare and
Rehabilitation Center, and its affiliates asked the U.S. Bankruptcy
Court for the Western District of Pennsylvania to extend their
exclusivity periods to file a plan of reorganization and obtain
acceptance thereof to January 12, 2026 and March 16, 2026,
respectively.

The Debtors explain that the Chapter 11 Cases involved two separate
sale processes, one of which involved the termination of a Court
approved stalking horse agreement and a full day, contested sale
hearing. Further, the Chapter 11 Cases involved three different
secured lenders, necessitating separate debtor-in-possession loans
for the Cuarzo Portfolio Debtors and the Owned Portfolio Debtors.
Accordingly, the size and complexity of these Chapter 11 Cases
warrants a further extension of the Exclusive Periods.

The Committee has recently asserted, by letter, certain claims (the
"Alleged Estate Claims"). While the Alleged Estate Claims are
disputed, in accordance the August 26 Order, the Debtors and the
Committee are working diligently to pursue a mediation of the
claims asserted against Public Credit and the Committee's Alleged
Estate Claims as soon as possible. While the Debtors remain focused
on these issues, more time is needed for the Debtors, in
consultation with S&T Bank and the Committee to address the issues,
to pursue the mediation, and otherwise determine the best path
forward for these Chapter 11 Cases.

The Debtors assert that the requested extensions of the Exclusive
Periods will provide the Debtors with the time needed to address
the issues described herein and thereby permit the Debtors to focus
on both resolving such issues in a manner that best serves their
estates and creditors and establishing a framework for a viable
path forward without the distraction of a looming exclusivity
deadline.

The Debtors further assert that they do not believe that the modest
further extension of the Exclusive Periods requested herein will
harm the Debtors' creditors or other parties in interest. On the
contrary, the Debtors have conducted these Chapter 11 Cases in an
efficient manner, for the benefit of residents, creditors and other
parties in interest.

In addition, the Debtors are not seeking this extension to
prejudice their creditors or to otherwise pressure creditors to
submit to reorganization demands. Instead, the Debtors seek the
requested extension so that they can maintain the status quo in
these Chapter 11 Cases while continuing to work with their key
constituents on the appropriate path forward for the Debtors' cases
and the appropriate structure for any plan. In particular, the
requested extension is consistent with the proposed mediation.

The Debtors' Counsel:

                  Jeffrey C. Hampton, Esq.
                  Sabrina Espinal, Esq.
                  SAUL EWING LLP
                  1500 Market Street, 38th Floor
                  Philadelphia, PA 19102
                  Tel: (215) 972-7777
                  Email: jeffrey.hampton@saul.com
                         sabrina.espinal@saul.com

                    - and -

                  Michael J. Joyce, Esq.
                  SAUL EWING LLP
                  One PPG Place, Suite 3010
                  Pittsburgh, PA 15222
                  Tel: (412) 209-2539
                  Email: michael.joyce@saul.com

                   - and -

                  Mark Minuti, Esq.
                  Monique B. DiSabatno, Esq.
                  Paige N. Topper, Esq.
                  1201 N. Market Street, Suite 2300
                  Wilmington, DE 19801
                  Tel: (302) 421-6800
                  Email: mark.minuti@saul.com
                         monique.disabatino@saul.com
                         paige.topper@saul.com

            About Guardian Elder Care at Johnstown

Guardian Elder Care at Johnstown, LLC (doing business as Richland
Healthcare and Rehabilitation Center), its affiliates, and their
non-debtor affiliates are a private, family-owned organization that
has provided inpatient and outpatient services to predominately
small and/or rural communities through a network of skilled nursing
facilities and personal care homes since 1995. Guardian Healthcare
maintains 19 skilled nursing facilities, with one facility in West
Virginia and the remaining facilities located in Pennsylvania.
Through its facilities, Guardian Healthcare maintains more than
1,700 skilled nursing, personal care, and independent living beds,
providing long-term care and rehabilitation services.

Guardian Elder Care at Johnstown and its affiliates sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
W.D. Pa. Lead Case No. 24-70299) on July 29, 2024. In the petitions
signed by Allen Wilen, chief restructuring officer, Guardian Elder
Care at Johnstown disclosed up to $10 million in assets and up to
$50 million in liabilities.

Judge Jeffery A. Deller oversees the cases.

The Debtors tapped Saul Ewing LLP as legal counsel, Eisner Advisory
Group LLC as financial advisor, and Omni Agent Solutions, Inc., as
claims and noticing agent.

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


GWG HOLDINGS: $50.5M D&O Settlement Approved in Bankruptcy Case
---------------------------------------------------------------
Altamirano PLLC continues to investigate investor losses tied to
GWG L Bonds following the latest developments in GWG Holdings'
Chapter 11 bankruptcy and ongoing FINRA arbitration claims against
the brokerage firms that recommended and sold the bonds.

On September 24, 2025, the United States District Court for the
Northern District of Texas held a hearing on preliminary approval
of a $50.5 million settlement related to GWG Holdings' Director and
Officer (D&O) Adversary Proceeding. The settlement also resolves
claims brought in a related securities class action. The following
day, the Court entered an order preliminarily approving the
settlement, with a final fairness hearing scheduled for January 13,
2026.

According to court filings, the Litigation Trustee determined that
further litigation against the insured defendants would be unlikely
to produce a more favorable result for bondholders, given the
risks, delays, and diminishing insurance coverage under the D&O
policies. The settlement does not address the GWG Litigation
Trust's separate recovery efforts involving more than $140 million
in additional claims, which remain ongoing.

Brokerage firms and financial advisors marketed the GWG L Bonds as
safe, income-generating investments backed by life insurance
portfolios. After GWG filed for bankruptcy in 2022, investors
discovered the extent of firms' due diligence failures, inadequate
training, and other sales practice violations. Many brokerage firms
recommended GWG L Bonds to customers without regard for
suitability. Investors who wanted to earn income safely without
risking their principal were left facing devastating losses.

Investment fraud lawyer Jorge Altamirano commented, "The settlement
is an important step, but it underscores that GWG L Bond investors
will recover only pennies on the dollar through the bankruptcy
case. Meaningful recovery remains possible only by pursuing
individual claims in FINRA arbitration against the brokerage firms
that sold these bonds."

Altamirano PLLC represents GWG investors nationwide in FINRA
arbitration claims against brokerage firms and financial advisors
who failed to properly vet GWG's business model and the GWG L Bonds
before recommending them to clients.

For more information, visit Altamirano PLLC's GWG L Bonds
Arbitration Awards hub or the firm's GWG L Bonds Claims page, and
contact the firm at (212) 220-6556 or jorge@altlawfirm.com for a
free consultation.

                 About GWG Holdings

Headquartered in Dallas Texas, GWG Holdings, Inc. (NASDAQ: GWGH)
conducts its life insurance secondary market business through a
wholly owned subsidiary, GWG Life, LLC, and GWG Life's wholly owned
subsidiaries.

GWG Holdings Inc. and affiliates sought Chapter 11 bankruptcy
protection (Bankr. S.D. Texas Lead Case No. 22-90032) on April 20,
2022. In the petition filed by Murray Holland, president and chief
executive officer, GWG Holdings disclosed between $1 billion and
$10 billion in both assets and liabilities.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Mayer Brown, LLP and Jackson Walker, LLP, as
bankruptcy counsels; Tran Singh, LLP as special conflicts counsel;
FTI Consulting, Inc. as financial advisor; and PJT Partners, LP, as
investment banker. Donlin Recano & Company is the Debtors' notice
and claims agent.

National Founders LP, a debtor-in-possession (DIP) lender, is
represented by Michael Fishel, Esq., Matthew A. Clemente, Esq., and
William E. Curtin, Esq., at Sidley Austin, LLP.

The U.S. Trustee for Region 7 appointed an official committee to
represent bondholders in the Debtors' cases. The committee tapped
Akin Gump Strauss Hauer & Feld, LLP and Porter Hedges, LLP, as
legal counsels; Piper Sandler & Co. as investment banker; and
AlixPartners, LLP as financial advisor.

The Debtors obtained confirmation of their Further Modified Second
Amended Joint Chapter 11 Plan on June 20, 2023.


HDLV CONSOLIDATION: To Sell New Orleans Property to HPMBR LLC
-------------------------------------------------------------
HDLV Consolidation, LLC, seeks permission from the U.S. Bankruptcy
Court for the Southern District of Texas, Houston Division, to sell
Property, free and clear of liens, claims, interests, and
encumbrances.

The Debtor seeks to sell all right, title, and interest in and to
the land commonly known as 307, 315, and 327 Tchoupitoulas Street,
New Orleans, LA 70130, together with all buildings, structures,
fixtures, parking facilities, improvements, easements,
hereditaments and appurtenances, as more particularly described in
Exhibit A in https://tinyurl.com/46kpfy9z for a purchase price of
$3,870,000.00.

The Debtor, with the assistance of its Broker, ran a marketing
process for the Property to potential purchasers. The reserve price
for the Property was set at $4,500,000.00.

The only bids received through the auction process did not meet the
reserve price. The Debtor continued to negotiate with these bidders
and other parties following the auction. The Debtor received
several post-auction offers, none of which would have met the
auction reserve price.

In light of the auction not meeting its reserve price, HPMBR, LLC
(Purchaser) submitted a post-auction bid for $3,870,000.00. The
Purchaser is an affiliate of HPP Property Services, LLC, the
Debtor's prepetition secured lender and manager.

After receiving the bid, the Debtor gave the highest other bidder
the opportunity to raise their bid, but they elected not to do so.
The Purchaser's bid provides the highest net recovery to the Debtor
of all the post-auction bids received and, therefore, constitutes
the highest and best offer for the Property.

The Debtor is a Texas limited liability company that owns timeshare
interests in the Property. The Property consists of three
neighboring structures. The first section of the Property was
originally developed as a timeshare project under the name Maison
Orleans in 1989. A subsequent developer added two additional phases
in the 1993 and 1998. Each phase of the Property was created with a
separate owners’ association. '

On July 12, 2023, the three associations entered into an Amended
and Restated Management and Repositioning Services Agreement with
HPP Property Services LLC. Under the Repositioning Agreement,
Holiday was retained to provide management, operations, rental,
maintenance and repositioning services for the benefit of
the Property and its owners. Among other thing, the Repositioning
Agreement entitled Holiday to compensation equal to 30% of the net
sales revenues from the sale of the Property.

The Property, like many other timeshare properties, has suffered
greatly from attrition among its owners over the years. While this
is an industry-wide trend, the Property's ability to collect
maintenance fees has been impacted by Hurricane Katrina, the
recession of 2008 and the COVID-19 pandemic. As owners cease paying
their maintenance fees, the Associations have limited options for
generating additional revenue and lack the necessary funds to
perform regular maintenance and capital expenditures.

After entry of the Judgment, the Debtor evaluated various
alternatives for the liquidation of the Property, including
significant diligence into the feasibility of borrowing funds and
repairing the Property. The Debtor determined in its business
judgment that employing a broker to market and sell the entire
Property in as-is condition was the best means for liquidating the
Property in an efficient and economic fashion that would maximize
the value of the Property.

On July 22, 2025, the Court entered an order authorizing the Debtor
to employ D&C Hospitality Investments, LLC d/b/a HREC Investment
Advisors as its real estate broker and advisor to market and sell
the Property.

The Broker conducted an auction through Crexi's online platform
beginning on July 14, 2025 and continuing to July 16, 2025. The
reserve price was set at $4.5 million.

The Broker’s activity report from Crexi reflects 5,288 page
views, 1,469 unique visitors, 255 offering-memorandum/flyer opens,
267 executed confidentiality agreements (NDAs), and three formal
information requests.

After the auction did not meet the reserve, the Debtor's agent
engaged in extensive additional negotiations with the Aytekin Beyaz
group. The Debtor received a series of post-auction written offers
and purchase agreements from MNB Food Services LLC, which was later
substituted to 315 TCH Properties, LLC as the purchasing entity. In
total, the Debtor received four successive offers from 315 TCH.

The final post-auction offer from 315 TCH was $4,100,000.00, and
included various concessions such as elimination of the marketing
fee, nonrefundable deposits, and adjusted broker commission terms.
However, the final 315 TCH offer, received on September 12, 2025,
included a 2.00% Crexi platform fee, the 2.75% Transaction Fee, and
a 1.22% buyer broker fee. These fees total $244,770, which reduces
the net proceeds of the 315 TCH offer to $3,855,230.00.

The Purchaser submitted a post-auction offer of $3,870,000.00. This
bid carried no obligations for Crexi fees, seller broker fees, or
buyer broker fees because the Purchaser was not a bidder at the
auction and the auction did not meet the reserve price. As a
result, the net sales proceeds to the Debtor’s estate from the
Purchaser’s offer equal $3,870,000.00, which is a higher net than
the $3,855,230.00 that the Debtor would receive from the 315 TCH
offer.

The Debtor extended an opportunity to 315 TCH to further increase
its offer, but 315 TCH has indicated that its $4.1 million offer is
its last and final offer.

The Purchaser's offer constitutes the highest and best offer
submitted for the Property. The proposed purchase and sale
agreement with the Purchaser is attached as Exhibit B in
https://tinyurl.com/46kpfy9z

The auction ultimately resulted in a high bid from 315 TCH for
$3,811,000, which was below the reserve price of $4,500,000. In
post-auction negotiations, 315 TCH raised its offer to $4,100,000
which would result in net sales proceeds of $3,855,230.

The Purchaser then submitted a bid for the Property for $3,870,000
which is not subject to deductions for broker fees and other
expenses. 315 TCH was given the opportunity to increase its bid for
the Property above the bid amount submitted by the Purchaser but
elected not to do so. The Purchaser's offer therefore constitutes
the highest and best offer for the Property and will result in a
greater recovery to creditors, including the defendant co-owners,
than the offer from 315 TCH.

The selection of the Purchaser as the highest and best bidder is a
sound exercise of the Debtor's business judgment under the
circumstances.

        About HDLV Consolidation, LLC

HDLV Consolidation, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
24-33540) on August 2, 2024, listing $500,001 to $1 million on both
assets and liabilities.

Judge Jeffrey P Norman presides over the case.

Aaron James Power, Esq. at Porter Hedges LLP represents the Debtor
as counsel.


HEARDMONT HEALTH: Section 341(a) Meeting of Creditors on Nov. 20
----------------------------------------------------------------
On October 15, 2025, Heardmont Health Properties LLC filed Chapter
11 protection in the Middle District of Georgia. According to
court filing, the Debtor reports between $1 million and $10
million in debt owed to 1 and 49 creditors. 

A meeting of creditors under Section 341(a) to be held on
11/20/2025 at 09:00 AM at U.S. Trustee Teleconference 2.

         About Heardmont Health Properties LLC

Heardmont Health Properties LLC manages Heardmont Health and
Rehabilitation, a nursing facility in Elberton, Georgia, offering
long-term care, rehabilitation, and assisted living services.

Heardmont Health Properties LLCsought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51641) on
October 15, 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 Wesley J. Boyer, Esq. of BOYER TERRY
LLC.


HIGH ZZEAZZZ: George Oliver Named Subchapter V Trustee
------------------------------------------------------
The U.S. Bankruptcy Administrator for the Eastern District of North
Carolina appointed George Mason Oliver as Subchapter V trustee for
High Zzeazzz, Inc.

Mr. Oliver will be compensated at $375 per hour for his services as
Subchapter V trustee.

Mr. Oliver disclosed in a court filing that he does not have an
interest materially adverse to the interest of the Debtor's estate,
creditors or equity security holders.

The Subchapter V trustee can be reached at:

   George Mason Oliver, Esq.
   The Law Offices of George Oliver, PLLC
   405 Middle Street
   P.O. Box 1548
   New Bern, NC 28563
   Phone: (252) 633-1930
   Fax: (252) 633-1950
   george@georgeoliverlaw.com

                      About High Zzeazzz Inc.

High ZZeazzz, Inc., operating as Dowry Creek Marina, runs a
family-owned marina in Belhaven, North Carolina, providing
deep-water slips, dock services, and on-site amenities for
recreational boaters along the Intracoastal Waterway. The Company
supports boating activities with fuel, maintenance, and facilities
such as a ship store, Captain's Lounge, pool, and pet-friendly
areas. Its operations center on marina management, hospitality, and
waterway recreation in the Upper Dowry Creek area.

High Zzeazzz filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-04096) on October 17,
2025, listing between $1 million and $10 million in assets and
liabilities.

Judge Pamela W. Mcafee presides over the case.

Christopher Scott Kirk, Esq., at C. Scott Kirk, Attorney At Law,
PLLC represents the Debtor as bankruptcy counsel.


HIGHER GROUND: Nov. 24 Plan, Disclosures Final Approval Hearing
---------------------------------------------------------------
A combined hearing to consider final approval of the Disclosure
Statement on a final basis and confirmation of the Second Amended
Joint Plan of Reorganization of Higher Ground Education, Inc., its
affiliated debtors, and the Official Committee of Unsecured
Creditors (as amended), and any objections thereto will be held
before the Honorable Michelle V. Larson of the U.S. Bankruptcy
Court, on November 24, 2025, at 1:30 p.m. (prevailing Central
Time).

Any objections to final approval of the Disclosure Statement and/or
confirmation of the Plan must be filed no later than 5:00 p.m.
(prevailing Central Time) on November 17, 2025.

A full-text copy of the Second Amended Disclosure Statement dated
October 13, 2025 is available at https://urlcurt.com/u?l=DOcJdf
from Verita Global, LLC fka Kurtzman Carson Consultants, LLC,
claims agent.

                       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. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80121) on
June 17, 2025. In its petition, the Debtor reports estimated
assets
and liabilities between $100 million and $500 million each.

Bankruptcy Judge Michelle V. Larson handles the case.

The Debtors tapped Foley & Lardner LLP, as counsel; and
SierraConstellation Partners, LLC, as financial advisor.  Verita
Global, LLC, f/k/a Kurtzman Carson Consultants, LLC, is the claims
agent.


HILLSDALE PALLETS: Scott Chernich Named Subchapter V Trustee
------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Scott Chernich as
Subchapter V trustee for Hillsdale Pallets, LLC.

Mr. Chernich will be paid an hourly fee of $375 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.
  
Mr. Chernich declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Scott A. Chernich
     313 S. Washington Square
     Lansing, MI 48933
     517-371-8133
     Email: schernich@fosterswift.com

                   About Hillsdale Pallets LLC

Based in Hillsdale, Michigan, Hillsdale Pallets, LLC manufactures
and distributes wooden pallets, custom crating, and shipping boxes,
offering services that include ISPM 15-certified heat treatment and
reconditioned standard pallets. It provides custom-size pallets and
specialty skids built to client specifications. Its operations
focus on pallet production, shipping solutions, and related
logistics services.

Hillsdale Pallets filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. W.D. Mich. Case No. 25-02967) on
October 17, 2025, listing between $100,001 and $500,000 in assets
and between $1 million and $10 million in liabilities.

Judge Scott W. Dales presides over the case.

Emily Jo Gudwer, Esq. and Michael Patrick Hanrahan, Esq. at Cbh
Attorneys & Counselors, Pllc represents the Debtor as legal
counsel.


HOLOGIC INC: S&P Places 'BB+' Unsecured Notes Rating on Watch Neg.
------------------------------------------------------------------
S&P Global Ratings placed its 'BBB-' issuer-credit rating on
U.S-based medical device manufacturer Hologic Inc. and its 'BB+'
issue-level rating on the company's senior unsecured notes on
CreditWatch with negative implications.

S&P said, "We expect to resolve the CreditWatch listing when the
transaction closes, most likely in the first half of 2026. We
believe a downgrade could exceed one notch based on the potential
for higher leverage under private-equity ownership."

Hologic Inc. announced it entered into a definitive agreement to be
acquired by Blackstone and TPG in a transaction valued at up to
$18.3 billion (including debt). Terms of the company's proposed
capital structure have not been disclosed.

S&P said, "The CreditWatch placement reflects our expectation that
Hologic's leverage will increase under sponsor ownership,
contributing to a weaker overall credit profile. If the company's
shareholders and regulators approve the proposed agreement, the
transaction will take Hologic private. While the pro forma capital
structure has not been disclosed, we expect leverage under
private-equity ownership will be elevated relative to Hologic's
current financial risk profile. This could lead to S&P Global
Ratings-adjusted leverage sustained above 3x, the downside trigger
for our current 'BBB-' rating, which would prompt us to lower our
rating on the company by at least one notch.

"Under our current forecast, which excludes the impact of the
proposed transaction, we anticipate Hologic's S&P Global
Ratings-adjusted leverage will be below 1x in 2025.

"We are not placing our issue-level rating on Hologic's existing
senior secured debt on CreditWatch because we expect the debt will
be repaid when the transaction closes. We expect that Hologic's
outstanding $1.2 billion senior secured term loan due 2030 will be
repaid when the transaction closes. The company's credit facility
lenders have the right to declare the debts due upon a change of
control.

"We expect to resolve the CreditWatch listing when the transaction
closes and we have more information on Hologic's capital structure,
most likely in the first half of 2026. We could lower our rating on
Hologic by one notch or more, depending on its pro forma leverage
under sponsor ownership."



HUDSON 1701/1706: Case Summary & 19 Unsecured Creditors
-------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                      Case No.
    ------                                      --------
    Hudson 1701/1706, LLC                       25-11853
    11440 San Vicente Boulevard
    Second Floor
    Los Angeles CA 90045

    Hudson 1702, LLC                            25-11854
    11440 San Vicente Boulevard
    Second Floor
    Los Angeles CA 90045

Business Description: Hudson 1701/1706, LLC and Hudson 1702, LLC
                      are Delaware limited liability companies
                      engaged in activities related to real estate
                      under NAICS code 5313.  The entities manage
                      and administer real property interests at
                      353 West 58th Street in New York City, with
                      Hudson 1701/1706 associated with the tenth
                      floor and Hudson 1702 with Unit 2 of the
                      same building.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       District of Delaware

Judge: Hon. Karen B. Owens

Debtors' Counsel: William E. Chipman, Jr., Esq.
                  CHIPMAN BROWN CICERO & COLE, LLP
                  1313 North Market Street, Suite 5400
                  Wilmington, DE 19801
                  Tel: 302-295-0193
                  Email: chipman@chipmanbrown.com

Debtors'
Special
Corporate &
Litigation
Counsel:          DLA PIPER LLP (US)
Debtors'
Restructuring
Advisor:          FTI CONSULTING, INC.

Debtors'
Claims &
Noticing
Agent:            VERITA GLOBAL, LLC

Each Debtor's
Estimated Assets: $100 million to $500 million

Each Debtor's
Estimated Liabilities: $100 million to $500 million

The petitions were signed by Ted Jung as authorized signatory.

Full-text copies of the petitions are available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/77B3O3A/Hudson_17011706_LLC__debke-25-11853__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/4AJYLAQ/Hudson_1702_LLC__debke-25-11854__0001.0.pdf?mcid=tGE4TAMA

List of Debtors' 19 Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

1. 356W58 Ground Lessor              Ground Lease               $-
2801 N. Harwood Street
Suite 1200
Dallas, TX 75201
NAME: Max Nipon
PHONE: 516-660-9066
EMAIL: nipon@mspcm.com

2. Fitness International             Retail Tenant      $4,895,829
3161 Michelson Drive
Suite 600
Irvine, CA 92612-4406
NAME: James O'Sullivan
PHONE: 516-301-9020
EMAIL: josullivan@fitnessintl.com

3. Alberto Smeke Saba                    Former         $1,738,154
Address on File                         Sponsor
NAME: Alberto Smeke                    Guarantors
PHONE: 343-421-3335
EMAIL: as@csre.us

Saloman Smeke Saba
Address on File

4. HUB                                 Insurance          $981,462
401 Broadhollow Road
Suite 200
Melville, NY 11747
NAME: Jason Zheng
PHONE: 516-677-4977
EMAIL: Jason.zheng@hubinternational.com

5. Nouveau Elevators                   Elevators          $601,877
47-55 37th Street
Long Island City, NY 11101
NAME: Timothy Kilkenny
PHONE: 718-349-4769
EMAIL: tkilkenny@noureauelevator.com

6. FS Site                             Plumbing           $565,048
1488 Schenectady Avenue
Brooklyn, NY 11203
NAME: Murat Aplay
PHONE: 347-985-1033

7. Mulligan Security                 Front Desk/          $237,380
7 Penn Plaza                        24-7 Security
Suite 200
New York, NY 10001
NAME: Kevin Francese
PHONE: 212-563-0500
EMAIL: krrancese@mulligansecurity.com

8. DMV Mechanical                       HVAC              $230,171
20-07 129th Street
Unit #2
College Point, NY 11356
NAME: Derek Vella
EMAIL: dmvmechanical@gmail.com

9. NY City Department of                                  $204,468

Environmental Protection
59-17 Junction Boulevard
Flushing, NY 11373

10. Abadi                              Finish              $91,509
151 Industrial Way East               Fixtures
Suite A5
Eatontown, NJ 07724
NAME: Elias Abadi
PHONE: 732-447-3373

11. Firecom                                                $81,556
39-27 59th Street
Woodside, NY 11377
PHONE: 718-899-6100
EMAIL: statements@firecominc.com

12. Ditchik & Ditchik                   Legal              $67,850
370 Lexington Avenue
Suite 1611
New York, NY 10017
NAME: Joel Ditchik
PHONE: 212-61-6400
EMAIL: joel@ditchik.com

13. Universal Stone                   Flooring/            $63,063
38-17 10th Street                     Leveling
Long Island City, NY 11101
PHONE: 718-937-6444

14. Lighting Workshop                  Design              $55,631
20 Jay Street
Suite 504
Brooklyn, NY 11201
NAME: Jules Gim
PHONE: 212-796.6510
EMAIL: jgim@ltgworkshop.com

15. Johnson Controls                 Fire Control          $40,000
   
5757 N. Green Bay Avenue
Post Office Box 591
Milwaukee, WI 53201
NAME: Linda M. Riccitelli
PHONE: 347-865-7444
EMAIL: linda.riccitelli@jci.com

16. AJP                                 Masonry            $37,657
1357 Seneca Avenue
Bronx, NY 10474
PHONE: 718-779-2207

17. Tiger                              Millwork            $33,579
65 Mountainview Boulevard
Wayne, NJ 07470
PHONE: 973-370-8690
EMAIL: info@tigercabinets.com

18. Lawrence Glass                                         $30,496
27 Story Street
Brooklyn, NY 11218
PHONE: 718-757-7257

19. Nonstop Plumbing                                       $20,141
555 Macon St Suite 1
Brooklyn NY 11233
NAME: Emina Adzovic
PHONE: 646-368-8230
EMAIL: emina@nonstopplumbers.com


HYPERSCALE DATA: Declares Dividends on Series D, E Preferred Stock
------------------------------------------------------------------
Hyperscale Data, Inc. announced that its Board of Directors has
declared a monthly cash dividend of $0.2708333 per share of the
Company's outstanding 13.00% Series D Cumulative Redeemable
Perpetual Preferred Stock. The record date for this dividend is
October 31, 2025, and the payment date is Monday, November 10,
2025.

Link to NYSE quote for the Company's 13.00% Series D Cumulative
Redeemable Perpetual Preferred Stock:
https://www.nyse.com/quote/XASE:GPUSpD

The Company also announced that the Board has declared a monthly
cash dividend of $0.20833 per share of the Company's outstanding
10.00% Series E Cumulative Redeemable Perpetual Preferred Stock.
The record date for this dividend is October 31, 2025, and the
payment date is Monday, November 10, 2025.

For more information on Hyperscale Data and its subsidiaries,
Hyperscale Data recommends that stockholders, investors, and any
other interested parties read Hyperscale Data's public filings and
press releases available under the Investor Relations section at
hyperscaledata.com or available at www.sec.gov.

                       About Hyperscale Data

Headquartered in Las Vegas, Nevada, Hyperscale Data, Inc., formerly
known as Ault Alliance, Inc., is transitioning from a diversified
holding company pursuing growth by acquiring undervalued businesses
and disruptive technologies with a global impact to becoming solely
an owner and operator of data centers to support high performance
computing services. Through its wholly and majority-owned
subsidiaries and strategic investments, Hyperscale Data owns and
operates a data center at which it mines digital assets and offers
colocation and hosting services for the emerging artificial
intelligence ecosystems and other industries. It also provides,
through its wholly owned subsidiary, Ault Capital Group, Inc.,
mission-critical products that support a diverse range of
industries, including an artificial intelligence software platform,
social gaming platform, equipment rental services,
defense/aerospace, industrial, automotive, medical/biopharma and
hotel operations. In addition, Hyperscale Data is actively engaged
in private credit and structured finance through a licensed lending
subsidiary.

New York, N.Y.-based Marcum LLP, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated April
15, 2025, attached to the Company's Annual Report on Form 10-K for
the year ended Dec. 31, 2024, citing that the Company has a
significant working capital deficiency, has incurred significant
losses and needs to raise additional funds to meet its obligations
and sustain its operations. These conditions raise substantial
doubt about the Company's ability to continue as a going concern.

As of June 30, 2025, the Company had $213.50 million in total
assets, $205.60 million in total liabilities, and $7.90 million in
total stockholders' equity.


JACKSON HOSPITAL: No Patient Care Concern, 4th PCO Report Says
--------------------------------------------------------------
Suzanne Koenig, the patient care ombudsman, filed with the U.S.
Bankruptcy Court for the Middle District of Alabama her fourth
report regarding the quality of patient care provided by Jackson
Hospital & Clinic, Inc. and affiliates.

In the report which covers the period August 19 to October 17, the
ombudsman representatives met with the chief operating officer and
the chief nursing officer during the unannounced visit to Jackson
Hospital.

The PCO representative observed IDRs during the visit at 5 East
medical surgical unit. Staff were upbeat and collaborative and
moved room by room to round on each patient. Overall goals of care
were discussed as well as goals for the day. Patients were engaged
and seemed to welcome the team and were interactive through the
process.

The PCO representative observed that the 3 West telemetry unit was
bright, clean and the corridors were clutter-free. The supply room
was neat and organized and appeared well-stocked. The medication
room was clean and organized, and staff reported having the
medications needed to provide safe patient care. It was reported
that there have not been any medication shortages apart from
national backorders.

The PCO representative completed a tour at the ICU with the two ICU
managers who are currently sharing the nursing leadership
responsibilities for the department. The unit was quiet and orderly
during the visit. The nurse manager explained that patient updates
are communicated to the healthcare proxy daily or sooner if there
is a change in patient condition. Family members are welcome to
call the unit for updates, except during RN shift change.

During the visit, the PCO representative conducted a patient
interview at 6 East unit. He reported that he was expecting to be
discharged later in the afternoon and that the "care has been
excellent." He was able to articulate his plan of care, including
follow-up appointments. The patient's significant other was present
and agreed that the care has been great, stating she had not had
any concerns about the care he received.

Ms. Koenig did not observe any significant concerns during this
report period.

A copy of the ombudsman report is available for free at
https://urlcurt.com/u?l=wIUo38 from PacerMonitor.com.

The PCO can be reached at:

     Suzanne Koenig
     SAK Healthcare
     300 Saunders Road, Suite 300
     Riverwoods, IL 60015
     Phone: 847-446-8400
     Fax: 847-446-8432
     skoenig@sakhealthcare.com

               About Jackson Hospital & Clinic Inc.

Jackson Hospital & Clinic, Inc. is a non-membership, non-profit
corporation based in Alabama. JHC is the direct or indirect parent
company of JHC Pharmacy, LLC, an Alabama limited liability company
that provides pharmacy services to JHC patients. JHC owns 100% of
JHC Pharmacy. Additionally, JHC is a direct or indirect parent
company of certain other entities that have not filed for
bankruptcy.

JHC operates a 344-bed healthcare facility in Montgomery, Ala.,
with a rich history dating back to 1894. Since its official opening
in 1946, JHC has grown into one of the largest hospitals in
Alabama, offering specialized services in cardiac care, cancer
treatment, neurosciences, orthopedics, women's care, and emergency
services. JHC's service area includes 16 counties across central
Alabama.

JHC and JHC Pharmacy filed Chapter 11 petitions (Bankr. M.D. Ala.
Lead Case No. 25-30256) on February 4, 2025. In its petition, JHC
reported between $100 million and $500 million in both assets and
liabilities.

Judge Christopher L. Hawkins handles the cases.

The Debtors are represented by Derek F. Meek, Esq. at Burr &
Forman, LLP.

Suzanne Koenig serves as patient care ombudsman.


JASS LLC: Mark Dennis of SL Biggs Named Subchapter V Trustee
------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a
certified public accountant at SL Biggs, as Subchapter V trustee
for Jass LLC.

Mr. Dennis will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark D. Dennis, CPA
     SL Biggs, A Division of SingerLewak, LLP
     2000 S. Colorado Blvd., Tower 2, Ste. 200
     Denver, CO 80222
     Phone: 303-226-5471
     Email: mdennis@slbiggs.com

                          About Jass LLC

Jass LLC, operating as Conoco Truck Stop, runs a truck stop in
Longmont, Colorado, offering fuel, parking, and convenience
amenities mainly for commercial truck drivers and other travelers.

Jass filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Colo. Case No. 25-16683) on October 15,
2025, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Navkirat Singh, manager, signed the
petition.

Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the
Debtor as legal counsel.


JJ BADA: Seeks to Sell Restaurant Assets at Online Auction
----------------------------------------------------------
JJ Bada 464 Operating Corp. seeks permission from the U.S.
Bankruptcy Court for the District of New Jersey, to sell Assets at
auction, free and clear of liens, claims, interests, and
encumbrances.

The Office of the United States Trustee appointed the Scott Rever
as the Subchapter V trustee of the case.

The Debtor owns and operated Bada Story Restaurant, which is a
Korean and Japanese Sushi Restaurant located at 464 Sylvan Avenue,
Englewood Cliffs, New Jersey. The Restaurant provides premium fish
selections and side dishes (skidashi) to its customers, who come to
dine at the Restaurant from throughout the tri-state area. The
Debtor hold one of only eight liquor licenses issued by the Town of
Englewood Cliffs, New Jersey. Absent a significant change in either
the town code or population, no other licenses can or will be
issued by the Town of Englewood Cliffs.

Prior to the Filing Date, the Debtor and its landlord were involved
in litigation regarding the Debtor’s purported default under the
related lease. On or about August 28, 2025, the Debtor vacated and
surrendered the Premises to the landlord and the lease was rejected
effective August 30, 2025.

Following the rejection of the lease, the Debtor's remaining assets
(other than cash and cash equivalents) include:

   (a) Plenary Retail Consumption Alcoholic Beverage License
#0216-33-006-011 issued by the Borough of Englewood Cliffs to the
Debtor Liquor License); and

   (b) all right, title and interest in and to the inventory,
furniture, removable fixtures & equipment (FF&E) currently
maintained in a storage unit.

The Debtor and its counsel were contacted by three potential buyers
for the Liquor License, with informal offers ranging from $300,000
to $425,000. Although those leads were pursued, nothing
materialized into a formal offer. Accordingly, the Debtor is
seeking to conduct a public auction for its Assets.

The Debtor believes that the Liquor License has a value of
approximately $500,000.00 based upon an appraisal report prepared
by Alan Atkins, annexed as Exhibit B. The Debtor believes that the
liquidation value of the FF&E is de minimis and likely no more than
$7,500.

The Debtor retains Auction Advisors LLC, an experienced and
highly-regarded auctioneer, to assist the Debtor in marketing and
selling the Assets.

The Debtor proposes, upon Auctioneer’s guidance, to implement an
accelerated marketing campaign for the marketing & sale of the
Assets, culminating in a public Auction be conducted via online or
Zoom. The Debtor believes that proceeding in this manner will allow
creditors and potential bidders sufficient time to inspect the
Assets and submit a bid while allowing the Debtor to maximize value
and facilitate the liquidation as promptly as practicable.

The Debtor has two secured creditors: Il Yeon Kwon  with$26,246.55
balance and U.S. Small Business Administration with $38,466.66
balance.

The Debtor believes that the proposed sale may yield sufficient
proceeds to satisfy its secured claims in full, and that the sale
of the Assets is fair, reasonable, and in the best interests of the
Debtor’s estate.

The Auctioneer shall (i) list the Assets for sale on its website
(https://auctionadvisors.com), with the Assets have their own
webpage with a link for a data room containing relevant financial
related to the Assets, (ii) collate a list of its contacts as well
as contacts from relevant industry trades and send email blasts of
the Sale and Auction, (iii) post the Sale and Auction on various
social media platforms, (iv) post the Sale and Auction on business
broker websites, including https://www.bizbuysell.com, (v) conduct
print advertising, (vi) post signed of the Sale and Auction on the
Premises, and (vii) direct marketing to existing restaurants in the
vicinity of the Premises.

In order to ensure that the highest and best offer is received for
the Assets, the Debtor has established the proposed bidding
procedures to govern the submission of competing bids at an
Auction.

Assets will be marketed and two separate auctions conducted, (i)
Auction #1 for the Liquor License only, and (ii) Auction #2 for the
FF&E only, if necessary.

Any potential bidder who wishes to bid on the Liquor License at
the Auction must be a pre-qualified bidder. A Pre-Qualified Bidder
is a Potential Bidder who, on or before December 12, 2025, at 12:00
p.m. Eastern Time delivers the following by hand or written
electronic format.

The auction of the Liquor License, shall take place online via a
Zoom on December 16, 2025, at 12:00 p.m. Eastern Time; and the
FF&E, shall take place online via a times-auction platform which
will have a soft close of December 18, 2025, at 12:00 p.m. Eastern
Time.

The auction for the FF&E shall take place via a timed online
platform on December 18, 2025, at 12:00 p.m. Eastern Time and shall
be governed by usual & customary procedures, terms & conditions
determined at the
reasonable discretion of the Auctioneer.

In the event the Auctioneer receives bids on both the Liquor
License and the FF&E, the Debtor, in its sole discretion, will
determine what constitutes the highest and best offer, subject to
approval of the Court.

The Debtor believes that these proposed Bidding Procedures are fair
and reasonable and will permit all parties truly interested in
acquiring the Assets an opportunity to submit a bid.

The Debtor's Bidding Procedures are designed to facilitate a
competitive bidding process in an expeditious manner. The Bidding
Procedures will allow the Debtor to conduct the Auction in an open
fashion that will encourage participation from those bidders that
demonstrate they are financially capable to consummate the
transaction.

the Debtor believes that the sale of the Assets represents a
prudent and proper exercise of its business judgment and is
supported by articulated business reasons, and is s justified,
necessary and appropriate.

       About JJ Bada 464 Operating Corp.

JJ Bada 464 Operating Corp. owns and operates Bada Story
Restaurant, a Korean and Japanese Sushi Restaurant located at 464
Sylvan Avenue, Englewood Cliffs, N.J.

JJ Bada 464 Operating sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 25-11078) on February
1, 2025, listing between $500,001 and $1 million in both assets and
liabilities. Brandon Park, president of JJ Bada 464 Operating,
signed the petition.

Judge Stacey L. Meisel oversees the case.

Rosemarie E. Matera, Esq., at Kirby Aisner & Curley, LLP,
represents the Debtor as legal counsel.


KB OXFORD: Dec. 4 Auction of Equity Interest Securing $22.4MM Loan
------------------------------------------------------------------
In accordance with the applicable provisions of the Uniform
Commercial Code of the States of Delaware and Illinois, PMRP V
Oxford, L.L.C., will sell at public auction (i) all limited
liability company interests held by KB Oxford SPE Member, LLC, in
KB Oxford Holdings, LLC ("Borrower"); (ii) all limited liability
company interests held by SPE Member in KB Oxford ST, LLC
("Signatory Trustee"; (iii) all limited liability company interests
held by SPE Member in KB Oxford MT, LLC; (iv) all interests held by
the Borrower in KB Oxford DST ("Trust"); and (v) all interests by
Signatory Trustee in the Trust.

The Equity Interests secure the Borrower's indebtedness owed to
PMRP in the principal amount of $22,450,000 plus unpaid interest,
attorneys' fees and other charges, including the costs to sell the
Equity Interests.

The public auction will be held at 10:00 AM (CST) on December 4,
2025, by virtual bidding via Zoom (http://bit.ly/OxfordUCC,meeting
ID: 834 5750 7339, passcode: 918584) or by telephone at +1 (646)
931 3860 (using same meeting ID and passcode). The public sale will
be conducted by Rick Levin & Associates, Inc.

At the Public Sale, PMRP reserves the right to: (i) credit bid up
to the amount of the Debt; (ii) set minimum reserve price for the
Equity Interests; (iii) reject bids, in whole or in part; (iv)
cancel or adjourn the Public Sale, in whole or in part; and (v)
establish the terms and conditions of the Public Sale.

The principal assets of the Trust are located in Oxford,
Mississippi, commonly known as "Arbors at the Park" and "The
Cottages at Hooper Hollow," each a multifamily student apartment
complex with approximate 340 and 280 units, respectively, and
related amenities.

Parties interested in bidding on the Equity Interests must contact
PMRP's broker, Newmark at john.daniels@nmrk.com


KINGDOM AMBASSADOR: Stephen Metz Named Subchapter V Trustee
-----------------------------------------------------------
The Acting U.S. Trustee for Region 4 appointed Stephen Metz of
Offit Kurman, P.A. as Subchapter V trustee for Kingdom Ambassador
Center & Ministry, Inc.

Mr. Metz will be paid an hourly fee of $600 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Stephen Metz
     Offit Kurman, P.A.
     7501 Wisconsin Avenue, Suite 1000W
     Bethesda, Maryland 20814
     Phone: (240) 507-1723
     Email: smetz@offitkurman.com

            About Kingdom Ambassador Center & Ministry

Kingdom Ambassador Center & Ministry, Inc., doing business as
Kingdom Ambassador Center and Ministry Inc., operates as a
Christian church and ministry engaged in preaching, teaching, and
community outreach. The organization conducts worship services,
discipleship programs, and evangelistic missions aimed at spreading
Christian teachings and strengthening faith communities. It focuses
on spiritual education, charitable activities, and the integration
of individuals into the broader Christian fellowship.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Va. Case No. 25-12126) on October 14,
2025, with $1 million to $10 million in assets and liabilities.

Jonathan B. Vivona, Esq., at Vivona Pandurangi, PLC represents the
Debtor as legal counsel.


LAKE BUENA VISTA: Case Summary & Four Unsecured Creditors
---------------------------------------------------------
Debtor: Lake Buena Vista Investments, LLC
        15951 SW 41st Street
        Suite 800
        Fort Lauderdale, FL 33331

Business Description: Lake Buena Vista Investments, LLC is a
                      Florida-based limited liability company
                      engaged in activities related to real estate
                      under NAICS 5313.  The Company's principal
                      assets are located at 12341–12353 Winter
                      Garden Vineland Road in Orlando, Florida, a
                      site encompassing hospitality and commercial
                      properties.

Chapter 11 Petition Date: October 21, 2025

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 25-06768

Judge: Hon. Grace E Robson

Debtor's Counsel: Aaron Wernick, Esq.
                  WERNICK LAW PLLC
                  2255 Glades Rd.
                  Ste 324A
                  Boca Raton, FL 33431
                  Tel: (561) 961-0922X1
                  E-mail: aw@wernicklaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Jack Flechner as manager.

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

https://www.pacermonitor.com/view/57DILPY/Lake_Buena_Vista_Investments_LLC__flmbke-25-06768__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Four Unsecured Creditors:

   Entity                         Nature of Claim     Claim Amount

1. Amano McGann, Inc.               Professional           $84,595
2740 Arthur St                        Services
Roseville, MN 55113

2. DBR Investments Co.                                 $24,961,164
Limited
1 Columbus Circle
15th Floor
New York, NY 60661

3. Florida Restaurant                                  $20,504,898
Franchise Group XI LP
5621 Strand Blvd
Suite 202
Naples, FL 34110

4. IHG Hotels and Resorts                                 $126,822
3 Ravinia Drive
Suite 100
Atlanta, GA 30346


LEHMAN BROTHERS: Court OKs Amendment Plan Trust Agreement
---------------------------------------------------------
By unanimous written consent, dated September 4, 2025, the trustees
under the Plan Trust Agreement, dated and effective as of March 6,
2012, by and among Lehman Brothers Holdings Inc. and such trustees,
voted unanimously to approve the amendment to the Plan Trust
Agreement (A) to provide that the plan trust shall terminate on the
earlier of: (i) 30 days after the final distribution of all of the
stock distributions in accordance with the terms of the trust
agreement, the Plan and the Confirmation Order and the cancellation
of the Plan Trust Stock, and (ii) December 6, 2029, and (B) that,
in the event of a vacancy in the corporation's board of directors,
such vacancy does not need to be filled, provided there is at least
one director.

On September 30, 2025, the U.S. Bankruptcy Court for the Southern
District of New York entered an order approving the (i) Plan Trust
Amendment and (ii) the reduction of the number of the members of
the board of directors, and amendment of any document required to
accomplish the intent thereof.

                   About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States. For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy on Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555). Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in U.S.
history. Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil
Gotshal & Manges, LLP, in New York, represent Lehman.


Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve as
counsel to the Official Committee of Unsecured Creditors. Houlihan
Lokey Howard & Zukin Capital, Inc., is the Committee's investment
banker.

Epiq Bankruptcy Solutions serves as claims and noticing agent.

xxx

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)). James W. Giddens has been appointed as trustee
for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion. Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees. Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history. Lehman mad its first payment to creditors under its $65
billion payout plan in April 2012.


MAIN LINE: Richard Furtek Named Subchapter V Trustee
----------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Richard Furtek of
Furtek & Associates, LLC as Subchapter V trustee for Main Line
Expo, Inc.

Mr. Furtek will be paid an hourly fee of $325 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Richard E. Furtek
     Furtek & Associates, LLC
     Lindenwood Corporate Center
     101 Lindenwood Drive, Suite 225
     Malvern, PA 19355
     Phone: (215) 768-8030
     Email: rfurtek@furtekassociates.com

                     About Main Line Expo Inc.

Main Line Expo, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14225) on October 19,
2025, with $500,001 to $1 million in assets and liabilities.

Judge Derek J. Baker presides over the case.

Nicholas M. Engel, Esq., at Smith Kane Holman, LLC represents the
Debtor as legal counsel.


MAWSON INFRASTRUCTURE: Court Dismisses Involuntary Bankruptcy Case
------------------------------------------------------------------
Mawson Infrastructure Group Inc., a U.S.-based technology company
that designs, builds, and operates next-generation digital
infrastructure platforms providing services to the artificial
intelligence (AI), high-performance computing (HPC), and digital
assets (including Bitcoin mining), and other intensive compute
applications market sectors, announced that:

During a hearing on Oct. 21, 2025, the United States Bankruptcy
Court for the District of Delaware dismissed the involuntary
bankruptcy petition filed against Mawson--clearing the way for
Mawson to recover fees and damages from the creditors who filed the
case.

Kaliste Saloom, the Company's Interim Chief Executive Officer,
General Counsel and Corporate Secretary, commented, "The
involuntary bankruptcy petition caused a significant drop in our
stock price on the day the involuntary petition was filed. We
expect the dismissal will relieve the downward pressure on our
stock price and provide us with greater liquidity. We are looking
forward to the Company's continued growth and providing increased
value to our stockholders."

              About Mawson Infrastructure Group

Mawson Infrastructure Group specializes in data centers for Bitcoin
miners and AI firms.

Mawson Infrastructure Group's creditors filed a Chapter 11
involuntary petition against the company (Bankr. D. Del. Case No.
24-12726) on Dec. 4, 2024.  The petitioning creditors include W
Capital Advisors Pty Ltd, Marshall Investments MIG Pty Ltd, and
Rayra Pty Ltd.

The petitioners' counsel is Robert J. Dehney, Esq., at Morris,
Nichols, Arsht & Tunnell.

Judge Mary F. Walrath handles the case.



MAWSON INFRASTRUCTURE: Terminates $12M ATM Deal With Roth, A.G.P.
-----------------------------------------------------------------
Mawson Infrastructure Group disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that the Company
voluntarily terminated its Sales Agreement with Roth Capital
Partners, LLC and A.G.P./Alliance Global Partners.

Under the terms of the Prior Sales Agreement, dated December 13,
2024, the Company had the right to sell shares of its common stock
having an aggregate sales price of up to $12 million, from time to
time, through an "at the market offering" program under which the
Agents would act as sales agent.

No sale of shares of common stock were made under the Prior Sales
Agreement. Pursuant to its terms, the Company had the right to
terminate the Prior Sales Agreement. In connection with the Prior
Sales Agreement termination, no early termination penalties were
incurred by the Company.

              About Mawson Infrastructure Group

Mawson Infrastructure Group specializes in data centers for Bitcoin
miners and AI firms.

Mawson Infrastructure Group's creditors filed a Chapter 11
involuntary petition against the company (Bankr. D. Del. Case No.
24-12726) on Dec. 4, 2024.  The petitioning creditors include W
Capital Advisors Pty Ltd, Marshall Investments MIG Pty Ltd, and
Rayra Pty Ltd.

The petitioners' counsel is Robert J. Dehney, Esq., at Morris,
Nichols, Arsht & Tunnell.

Judge Mary F. Walrath handles the case.



MB RITZ LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: MB Ritz LLC
        4701 N Meridian Ave, Unit: 325
        Miami Beach, FL 33140

Chapter 11 Petition Date: October 21, 2025

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 25-22396

Debtor's Counsel: Ariel Sagre, Esq.
                  SAGRE LAW FIRM, P.A.
                  5201 Waterford District Drive, Suite 892
                  Miami, FL 33126
                  Tel: 305-266-5999
                  Email: law@sagrelawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric J. Dalius 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/MPXGJJY/MB_RITZ_LLC__flsbke-25-22396__0001.0.pdf?mcid=tGE4TAMA


MB RITZ VILLA: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: MB Ritz Villa LLC
        1031 W 48 St  
        Miami Beach, FL 33140

Chapter 11 Petition Date: October 21, 2025

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 25-22394

Debtor's Counsel: Ariel Sagre, Esq.
                  SAGRE LAW FIRM, P.A.
                  5201 Waterford District Drive, Suite 892
                  Miami, FL 33126
                  Tel: 305-266-5999
                  E-mail: law@sagrelawfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

Eric J. Dalius signed the petition as manager.

The Debtor did not submit the required list of its 20 largest
unsecured creditors when filing the petition.

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

https://www.pacermonitor.com/view/MBGJSUI/MB_RITZ_VILLA_LLC__flsbke-25-22394__0001.0.pdf?mcid=tGE4TAMA


MEADOWS MEZZ: Dec. 9 Sale of Equity Interest Securing $12MM Loan
----------------------------------------------------------------
Meadows Mezzanine Finance, LLC, will sell at public auction all
limited liability company interests held by Meadows Mezz LLC
("Pledgor") in Meadows Landmark LLC. The Equity Interests secure
indebtedness owing by Pledgor to Secured Party in a principal
amount of not less than $12,000,000 plus unpaid interest,
attorney's fees and other charges, including the cost to sell the
Equity Interest.

The principal asset of the Pledged Entity is the real property
located at Lot 2, Block 219 on the tax map of the Borough of
Rutherford, New Jersey, more commonly known as the Meadows Office
Complex in 201 and 301 Route 17, Rutherford, New Jersey.

The public auction sale will be held both by virtual bidding via
Zoom and in person on December 9, 2025, at McCarter & English, LLP,
Four Gateway Center, 100 Mulberry Street, 15th Floor, Newark, New
Jersey, at 10:00 a.m. EST.

An online datasite for the Sale is available at
http://TheMeadowsOfficeRutherfordNJUCCSale.com

Questions may be directed to Brett Rosenberg, Senior Managing
Director at JLL Capital Markets at (212) 812-5926 or
Brett.Rosenberg@jll.com


MEDICINE MAN: Nov. 13 Auction of Personal Properties
----------------------------------------------------
On November 13, 2025, at 10:00 a.m. Central Time, at Eversheds
Sutherland (US) LLP, 227 W. Monroe Street, Suite 6000, Chicago,
Illinois, or virtually via video conference, Chicago Atlantic
Admin, LLC, in its capacity as collateral agent under various note
indenture and security documents executed in favor of Secured Party
by Medicine Man Technologies, Inc., and certain of its direct and
indirect subsidiaries, will offer for sale at a public auction,
substantially all of the Debtors' personal property, including
certain of the Debtors' going-concern operations in Colorado and
New Mexico.

The Debtors' advisor may be reached at:

     Bruce Buchanan
     Tel: (212) 667-6037
     Email: Bruce.Buchanan@opco.com

     -- and –

     Geoffrey Weiss
     Tel: (212) 667-7336
     Email: Geoffrey.Weiss@opco.com


MIDDLETON CONSTRUCTION: Case Summary & Six Unsecured Creditors
--------------------------------------------------------------
Debtor: Middleton Construction, LLC
        3001 North Lamar Boulevard
        Austin, TX 78705

Business Description: Middleton Construction provides general
                      contracting services specializing in
                      multifamily housing and commercial building
                      repairs and remodels, operating primarily in
                      Austin, Dallas, San Antonio, and Houston,
                      Texas.  The Company offers a range of
                      services including interior and exterior
                      painting, roofing, siding, concrete and
                      metal repairs, and interior and clubhouse
                      upgrades.  Middleton Construction has nearly
                      four decades of experience providing
                      construction services for small and large-
                      scale projects in the Texas market.

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Western District of Texas

Case No.: 25-11635

Judge: Hon. Shad Robinson

Debtor's Counsel: Frank B Lyon, Esq.
                  FRANK B LYON
                  PO Box 50210
                  Austin TX 78763-0210
                  Tel: (512) 345-8964
                  E-mail: frank@franklyon.com

Total Assets: $403,812

Total Liabilities: $2,748,972

The petition was signed by Keith Middleton as manager.

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/L3DNBWA/Middleton_Construction_LLC__txwbke-25-11635__0001.0.pdf?mcid=tGE4TAMA


MIDDLETON CONSTRUCTION: Seeks Chapter 11 Bankruptcy in Texas
------------------------------------------------------------
On October 20, 2025, Middleton Construction LLC  voluntarily filed
for Chapter 11 protection in the Western District of Texas. Court
documents show the company's liabilities fall between $1 million
and $10 million. The filing lists one to 49 creditors.

             About Middleton Construction LLC

Middleton Construction LLC specializes in multifamily and
commercial property repair and renovation across Texas, offering
services such as interior upgrades, exterior restorations, concrete
work, railing installation, parking lot improvements, and general
building maintenance.

Middleton Construction LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-11635) on
October 20, 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 Shad Robinson handles the case.

The Debtor is represented by Frank B. Lyon, Esq.


MISTER M&K TRUCKING: Seeks Chapter 11 Bankruptcy in Texas
---------------------------------------------------------
Mister M&K Trucking LLC filed for Chapter 11 bankruptcy in the U.S.
Bankruptcy Court for the Western District of Texas on October 17,
2025. According to the filing, the company reported between $1
million and liabilities between $1 million and $10 million. It
listed between one and 49 creditors.

             About Mister M&K Trucking LLC

Mister M&K Trucking LLC is a limited liability company.

Mister M&K Trucking LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-70173) on October 17,
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 Shad Robinson handles the case.

The Debtor is represented by Dean William Greer, Esq.


MOMOF4WELLNESS LLC: Seeks Chapter 7 Bankruptcy in Texas
-------------------------------------------------------
On October 15, 2025, MomoF4Wellness LLC voluntarily filed for
Chapter 7 bankruptcy protection in the Western District of Texas,
under case number #25-52444. According to the petition, the
company's debts total between $100,001 and $1 million. The filing
lists one to 49 creditors.

               About MomoF4Wellness LLC

MomoF4Wellness LLC, dba Creme de la Creme Wellness, operates in the
health and allied services industry.

MomoF4Wellness LLC sought relief under Chapter 7 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-5244) on October 14,
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 Craig A. Gargotta handles the case.

The Debtor is represented by Frank Adam Muniz, Esq. of Law Office
Of Frank A. Muniz.


MYRTLE HOUSING: Case Summary & Seven Unsecured Creditors
--------------------------------------------------------
Debtor: Myrtle Housing USA LLC
        670 Myrtle Ave. #204
        Brooklyn NY 11205

Business Description: Myrtle Housing USA LLC manages real estate
                      at 782 Myrtle Ave Units C1 and R1 Brooklyn
                      New York and is classified under NAICS 5313.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 25-45102

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Joshua Bronstein, Esq.
                  LAW OFFICES OF JOSHUA BRONSTEIN & ASSOCIATES
                  PLLC
                  114 Soundview Drive
                  Brooklyn NY 11050
                  Tel: 516-698-0202
                  Email: jbrons5@yahoo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leizer Klar as member.

A copy of the Debtor's list of seven unsecured creditors is
available for free on PacerMonitor at:

https://www.pacermonitor.com/view/2YCTTHI/MYRTLE_HOUSING_USA_LLC__nyebke-25-45102__0005.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/2JDH2XA/MYRTLE_HOUSING_USA_LLC__nyebke-25-45102__0001.0.pdf?mcid=tGE4TAMA


NOVA RTP II: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Nova RTP II, LLC
        555 Abranova Avenue
        Durham, NC 27713

Business Description: Nova RTP II, LLC is a real estate company
                      that owns and operates a commercial property
                      at 555 Abranova Avenue in Durham, North
                      Carolina.  The property, appraised at $13.1
                      million, serves as the Company's principal
                      asset.

Chapter 11 Petition Date: October 21, 2025

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 25-04155

Debtor's Counsel: Benjamin R. Eisner, Esq.
                  THE LAW OFFICES OF GEORGE OLIVER, PLLC
                  PO Box 1548
                  New Bern, NC 28563
                  Tel: 252-633-1930
                  Fax: 252-633-1950
                  Email: ben@georgeoliverlaw.com

Total Assets: $13,100,000

Total Liabilities: $6,303,832

The petition was signed by Abraham P. Ng'hwania as sole member,
manager and president.

The Debtor has declared in the petition that there are no unsecured
creditors.

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

https://www.pacermonitor.com/view/YHEQBPY/NOVA_RTP_II_LLC__ncebke-25-04155__0001.0.pdf?mcid=tGE4TAMA


OCEAN VIEW: BNS Loan Default Cues CCAA Filing; SR Stack as Monitor
------------------------------------------------------------------
Ocean View Farms Limited made an application for creditor
protection under the Companies' Creditors Arrangement Act, as
amended ("CCAA") and an order ("Initial Order") was granted by the
Honourable Justice MacDonald of the Supreme Court of Newfoundland
and Labrador in Bankruptcy and Insolvency on Sept. 11, 2025.

According to Court Documents, the Company's current financial
distress has been caused by multiple drivers: (a) sharp post-covid
increases in input costs, particularly animal feed and diesel; (b)
regulated milk pricing that has not kept pace with inflation; and
(c) unilateral interest rate increases of over 5% imposed by its
main secured lender, the Bank of Nova Scotia.  The challenges
ultimately caused the Company to default on its financial
commitments to BNS.  As a result, BNS placed the Company into
special loans and hired a third party to oversee its account.  The
related professional fees worsened the Company's situation.  In
September 2005, BNS advised the Company to seek another lender.

The Company said it no longer has enough cash to meet its immediate
operational demands and urgently needs capital to maintain
operations, ensure herd safety, and prevent a loss of herd
productivity.  In consultation with professional advisors, the
Company said it has determined that immediate CCAA protection is
necessary to preserve and maximize its value for the benefit of all
stakeholders, including creditors, employees, suppliers, and
customers.

Pursuant to the Initial Order, S.R. Stack & Company (2023) Ltd., a
Licensed Insolvency Trustee, was appointed by the Court as monitor
("Monitor").  The Monitor has established a case management website
for these CCAA proceedings: https://www.srstack.ca/oceanview.

The Monitor can be reached at:

   S.R. Stack & Company (2023) Ltd.
   Attn: Sean Stack
   Suite 101, Regatta Plaza H
   84-86 Elizabeth Ave.
   St. John's, NL, AlA 1W7
   Email: sean@srstack.ca

Counsel for the Company:

   O'Keefe & Sullivan
   Attn: Darren O'Keefe, Esq.
         Megan TayLor, Esq.
   80 Elizabeth Ave., Suite 202
   St. John's, NL, AlA 1W7
   Email: dokeefe@okeefesullivan.com
          mtaylor@okeefesultivan.com

Counsel for the Monitor:

   Boyne Clarke Lawyers
   Attn: Joshua Santimaw, Esq.
   99 Wyse Road, Suite 600
   P.O. Box 876, Dartmouth Main
   Dartmouth, NS, B2Y3Z5
   Email: JSantimaw@boyenclarke.ca

Ocean View Farms Limited operates a dairy farm in Newfoundland and
Labrador.


OHIO POWER: Moody's Rates New Sr. Secured Credit Facilities 'Ba3'
-----------------------------------------------------------------
Moody's Ratings has assigned Ba3 to Ohio Power Partners's, LLC's
(OPP) proposed $325 million 7-year, senior secured term loan and a
$40 million 5-year senior secured revolving credit facility. The
outlook is stable.

Proceeds from the $325 million term loan and a significant equity
contribution from a fund managed by ArcLight Capital Partners
(ArcLight) will be used to finance ArcLight's acquisition of the
484 MW Middletown Energy Center, a combined-cycle gas-fired power
plant located in Middletown, Ohio, as well as to refinance existing
debt that was assumed in connection with the acquisition. The $40
million revolving credit facility will be used for letters of
credit and working capital purposes. Moody's understands that the
acquisition closed on October 20, 2025, following the receipt of
necessary regulatory approvals.

RATINGS RATIONALE

OPP's Ba3 rating reflects the project's moderate leverage, solid
excess cash sweep mechanism, and competitive market position,
supported by a consistent operating track record in recent years.
The rating also incorporates risks associated with the project's
single-asset, merchant operating profile, which exposes it to
volatility in both power and natural gas markets.

Middletown Energy Center (Middletown) reached COD in May 2018 and
has exhibited respectable operating performance, averaging a 79%
capacity factor over the past six years. The project experienced
periods of underperformance in 2022 and 2023 primarily related to
operational challenges during Winter Storm Elliott and
mark-to-market losses associated with a Heat Rate Call Option
(HRCO) hedge program, which has since expired. These issues led to
lower realized margins and capacity penalties during periods of
high price volatility which materially impacted EBITDA and cash
flow. Since then, operational performance and plant reliability has
improved, and the project has transitioned to a spark spread swap
hedging structure, which is expected to reduce volatility and
mitigate downside exposure. On the energy hedges, the OPP has
hedged around 52% of its 2026 generation, and with respect to
operating performance, during 2024, Middletown recorded a capacity
factor of 85.1%. OPP's most recent financial performance align with
Ba-category metrics as Debt/EBITDA was 2.56x, and the DSCR was
2.05x during 2024. Under Moody's base case projections, the average
next three-year credit metrics are consistent with the Ba rating
category.

Other considerations that factored into OPPs credit profile include
the project's single-train, 1x1 gas and steam turbine configuration
which introduces single-unit operational concentration risk,
creating potential operational vulnerabilities and exposure to
penalties under PJM's capacity and energy hedging programs. These
risks were demonstrated by prior operational challenges, which
highlights a degree of elevated level of tail risk in a forced
outage.

The project benefits from two gas interconnections (Texas Eastern
and Rockies Express) and a firm fuel supply agreement with Vitol
Inc. extending through March 2027, providing high fuel reliability
and price competitiveness.

The credit profile is further supported by standard project finance
features, including a cash waterfall, a first lien on the project's
assets, and a six-month debt service reserve. The facility also
features a quarterly excess cash sweep mechanism, requiring
mandatory prepayments of 75%, 50%, or 25% of excess cash flow when
the First Lien Net Leverage Ratio is above 4.0x, between
3.0x–4.0x, or below 3.0x, respectively. Additionally, the term
loan documents allow the borrower to increase the debt quantum by
up to $25 million without a rating reaffirmation.  

A comprehensive review of all credit ratings for the respective
issuer(s) has been conducted during a rating committee.

RATING OUTLOOK

The stable outlook reflects Moody's expectations that OPP will
operate without notable operational issues and will continue to
maintain its competitive position, enabling the issuer to sustain
expected financial metrics within the Ba rating category.

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

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING

The rating could be upgraded if the Project maintains a strong
operating profile causing its DSCR to at least meet 3.5x and its
Project CFO/debt to at least meet 25%, on a sustained basis.

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING

The rating could be downgraded if the Project encounters prolonged
operating problems that result in significant forced outages or
merchant energy or capacity market conditions deteriorate
considerably resulting in the Project's DSCR or CFO/debt falling
below 1.8x and 10.0%, respectively, on a sustained basis.

Profile

Ohio Power Partners, LLC (OPP)owns Middletown Energy Center, a 484
MW combined cycle gas turbine (CCGT) facility located in the City
of Middletown, Butler County, Ohio within the PJM DEOK LDA. The
facility, which became operational in May 2018, features a highly
competitive net heat rate of approximately 6,700 Btu/kW.

The borrower is indirectly owned by affiliates of ArcLight Capital
Partners, LLC.

LIST OF AFFECTED RATINGS

Issuer: Ohio Power Partners, LLC

Assignments:

Senior Secured Bank Credit Facility, Assigned Ba3

Outlook Actions:

Outlook, Stable

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

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.


ONE DOOR KNOB: Holly Miller Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Holly Miller, Esq.,
at Gellert Scali Busenkell & Brown, LLC as Subchapter V trustee for
One Door Knob At A Time, LLC.

Ms. Miller will be paid an hourly fee of $450 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Holly S. Miller, Esq.
     Gellert Scali Busenkell & Brown, LLC
     1628 John F. Kennedy Boulevard, Suite 1901
     Philadelphia, PA 19103
     Telephone: (215) 238-0012
     Facsimile: (215) 238-0016
     Email: hsmiller@gsbblaw.com

                 About One Door Knob At A Time LLC

One Door Knob At A Time, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14059) on
October 7, 2025.

Judge Patricia M. Mayer presides over the case.



ORLANDO INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Orlando International Resort Club Condominium
          Association, Inc.
        5353 Del Verde Way
        Orlando, FL 32819

Business Description: Orlando International Resort Club
                      Condominium Association, Inc. operates as a
                      homeowners' association responsible for
                      managing the condominium property known as
                      Orlando International Resort Club at 5353
                      Del Verde Way in Orlando, Florida.  The
                      association oversees the common areas,
                      facilities, and shared amenities of the
                      timeshare resort, which functions under the
                      Club Wyndham brand and is situated near the
                      International Drive corridor.  Its
                      activities include property maintenance,
                      administration of ownership interests, and
                      enforcement of condominium governance and
                      regulations within the resort complex.

Chapter 11 Petition Date: October 23, 2025

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 25-06813

Debtor's Counsel: R.Scott Shuker, Esq.
                  SHUKER & DORRIS, P.A.
                  121 S. Orange Avenue
                  Suite 1120
                  Orlando, FL 32801
                  Tel: (407) 337-2060
                  Email: rshuker@shukerdorris.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by Larry Baudoin 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/W4K2JGQ/Orlando_International_Resort_Club__flmbke-25-06813__0001.0.pdf?mcid=tGE4TAMA


PARIS312 LLC: Matthew Brash of Newpoint Named Subchapter V Trustee
------------------------------------------------------------------
The U.S. Trustee for Region 11 appointed Matthew Brash of Newpoint
Advisors Corporation as Subchapter V trustee for Paris312, LLC.

Mr. Brash will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Matthew Brash
     Newpoint Advisors Corporation
     655 Deerfield Road, Suite 100-311
     Deerfield, IL 60015
     Tel: (847) 404-7845

                         About Paris312 LLC

Paris312, LLC, a U.S.-based party brand, provides Ready-To-Party
decor and gifts such as balloons, florals, and accessories intended
to transform spaces for celebrations.

Paris312 filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-15872) on October 15,
2025, with $66,929 in assets and $1,837,703 in liabilities. Alireza
Shahanaghi, managing member of Paris312, signed the petition.

Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the
Debtor as legal counsel.


PETCO HEALTH: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Ratings affirmed Petco Health and Wellness Company, Inc.'s
("Petco") Corporate Family Rating at B3, its probability of default
rating at B3-PD and its senior secured first lien bank credit
facility rating due 2028 at B3. Petco's speculative grade liquidity
score (SGL) was upgraded to SGL-1 from SGL-2. The outlook is
changed to stable from negative.

The change in outlook and affirmations reflect Petco's improvement
in EBITDA and cash flow metrics which Moody's expects to continue
over the next 12-18 months. Petco's return to earnings growth has
been supported by its rationalization of promotions and product
assortment, enhancements to its in-store experience, a focus on
higher margin products and services (such as vet care and
grooming), the shut down of unprofitable stores and its execution
of cost savings. Moody's expects debt/EBITDA and EBITA/interest to
improve from 4.1x and 0.9x, at LTM August 02, 2025 to about 3.7x
and 1.1x, respectively over the next 12-18 months. The SGL-1
reflects Moody's expectations for Petco to have very good
liquidity, with about $90 million - $100 million of annual free
cash flow, full availability on its asset-based-lending (ABL)
revolver and ample cash balances (in excess of $200 million) over
the next 12-18 months.

RATINGS RATIONALE

Petco's B3 CFR reflects its weakened credit metrics relative to its
2021 peak. The weakness has been caused by an abatement of the
pandemic related pet adoption boom and a further slowing of demand
caused by consumers cutting back on discretionary pet supplies
purchases and shifting to value assortments for the more essential
consumables in response to a strained wallet. These trends were
exacerbated by Petco's operational missteps on product assortment,
customer experience and promotions. The CFR also reflects
governance considerations, particularly Petco's majority private
equity ownership which can result in financial strategies that
favor shareholders over creditors.

The rating is supported by Petco's large scale and its position as
the third largest pet focused retailer in the United States in a
relatively fragmented industry. The overall pet category's demand
has historically been resilient due to the recurring nature of pet
needs and the humanization of pets. Moody's projects performance
improvement over the next 12-18 months as management executes on
its turnaround plans with debt/EBITDA to moderate to below 4.0x and
EBITA/Interest in excess of 1.0x. Moody's also expects the company
to have very good liquidity through positive free cash flow, ample
cash balances and full availability on its ABL.

The stable outlook reflects Moody's expectations of improving
credit metrics, ample positive free cash flow and very good
liquidity over the next 12-18 months.

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

Petco's ratings could be upgraded if the company's operating
performance improves, while maintaining very good liquidity
supported by positive free cash flow, and continued commitment to
conservative financial policies. Quantitatively, ratings could be
upgraded if the company maintains lease-adjusted debt/EBITDA below
5.75x and EBITA/interest expense over 1.5x.

Petco's ratings could be downgraded if operating trends and credit
metrics do not recover as expected, financial policies become more
aggressive, or if liquidity erodes. Specifically, ratings could be
downgraded if operating margins deteriorate, free cash flow becomes
negative or if EBITA/interest expense is sustained below 1.0x.

Petco Health and Wellness Company, Inc. is a national specialty
retailer of premium and value pet consumables, supplies and
companion animals and services with over 1,500 retail locations
across the US, Mexico and Puerto Rico. Revenue was about $6.0
billion for the LTM period ending August 2, 2025. The company
remains majority owned by CVC Capital Partners and Canada Pension
Plan Investment Board following its January 2021 IPO.

The principal methodology used in these ratings was Retail and
Apparel published in September 2025.

Petco's B3 CFR is set two notches below its scorecard indicated
outcome of B1 which reflects Petco's weak EBITA/interest coverage,
risks to the company's turnaround as well as the difficult consumer
environment and its impact on Petco's operating performance.


PHAIR COMPANY: Court OKs Appointment of Thomas Hebrank as Examiner
------------------------------------------------------------------
Judge J. Barrett Marum of the U.S. Bankruptcy Court for the
Southern District of California approved the appointment of Thomas
Hebrank of E3 Advisors as examiner in the Chapter 11 cases of The
Phair Company, LLC and Jeffrey David Phair.

Mr. Hebrank was appointed by Tiffany Carroll, the Acting U.S.
Trustee for Region 15, on October 16 following a motion filed by
creditors, Renzulli Properties, LLC, and Thomas Renzulli, to
appoint an independent examiner.

In their motion, both creditors expressed dissatisfaction over the
management's ability to direct the reorganization effort and manage
Phair Company's business.

Mr. Hebrank is a certified public accountant at E3 Advisors, with
40 years of experience in the financial industry. He has served as
a court-appointed receiver on numerous state and federal equity
receivership and bankruptcy cases.

In a court filing, Mr. Hebrank disclosed that he has no material
adverse interest in the bankruptcy estates.

Mr. Hebrank may be reached through:

   Thomas C. Hebrank
   E3 Advisors
   501 West Broadway, Suite 290
   San Diego, CA 92101
   Phone: +619 567 7223
   thebrank@ethreeadvisors.com

                    About The Phair Company LLC

The Phair Company LLC, a company in Chula Vista, Calif., sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.
Calif. Case No. 25-00667) on February 25, 2025. In its petition,
the Debtor reported between $1 million and $10 million in assets
and liabilities.

Judge J Barrett Marum oversees the case.

Vincent Renda, Esq., at Pinnacle Legal, P.C. and Grobstein Teeple,
LLP serve as the Debtor's legal counsel and financial advisor,
respectively.


PLZ CORP: Moody's Lowers CFR to Caa1 & Alters Outlook to Negative
-----------------------------------------------------------------
Moody's Ratings downgraded its ratings for PLZ Corp. ("PLZ"),
including the corporate family rating to Caa1 from B3, probability
of default rating to Caa1-PD from B3-PD, and the ratings of the
company's backed senior secured first lien term loan and the backed
revolving credit facility to Caa1 from B3. The outlook was changed
to negative from stable.

The downgrade reflects the short-dated nature of PLZ's capital
structure, with the vast majority of debt obligations coming due in
2026. The company has not yet addressed either its upcoming
revolving credit facility that expires in April 2026 or its term
loan which matures in August 2026. The downgrade also reflects
PLZ's high financial leverage and weak cash flow generation driven
by subdued demand in its various end markets and continued
restructuring costs. Moody's expects the company's leverage to
remain high given Moody's expectations for free cash flow to remain
around break-even levels.

Governance considerations are a key driver of this rating action.
Moody's revised PLZ's ESG credit impact score (CIS) to CIS-5 from
CIS-4 to reflect the change in the governance issuer profile (IPS)
score, which was changed to G-5 from G-4 to indicate heightened
risks associated with the delay in refinancing the majority of its
capital structure.

RATINGS RATIONALE

PLZ Corp.'s (PLZ) ratings reflect the short-dated nature of its
capital structure, with its revolving credit facility expiring in
April 2026 and first lien term loans in August 2026. This comprises
the vast majority of its debt obligations. Recent weakness in
demand and lower unit sales have resulted in high adjusted
debt/EBITDA of around 8.0x. Management's actions to reduce costs
and restructure the business have resulted in various transitory
expenses and charges, reducing the quality of earnings and weighing
on cash flow generation. Moody's expects leverage to remain high as
management works to grow revenue, improve margins, and realize the
benefits of past restructuring actions.

PLZ's ratings are supported by its position as a leading provider
of specialty aerosol and liquid products in the consumer products
market. The company has an entrenched market position with
long-standing customer relationships, low capital needs and a
diverse customer base.

Moody's expects PLZ to have weak liquidity until it resolves its
near-term refinancing needs. The $100 million revolving credit
facility is currently undrawn but expires in April of 2026 and over
$1.0 billion in first lien term loans matures in August 2026.  PLZ
will operate with cash of at least $20 million and break-even free
cash flow over the next 12-18 months.

The negative outlook reflects Moody's expectations that PLZ's
financial leverage will remain high. It also reflects uncertainty
surrounding the timing of a potential refinancing of PLZ's
short-dated capital structure and an uncertain economic environment
weighing on the manufacturing sector more broadly.

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

The ratings could be upgraded if the company successfully
refinances its existing credit facility. Ratings could also be
upgraded if adjusted debt-to-EBITDA is sustained below 7x or free
cash flow remains at or better than break-even levels.
The ratings could be downgraded if the company is unable to
refinance its credit facility. Ratings could also be downgraded if
operating performance or liquidity weakens further, or free cash
flow becomes negative.

The principal methodology used in these ratings was Manufacturing
published in September 2025.

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

Headquartered in Downers Grove, Illinois, PLZ Corp., is a
manufacturer and marketer of specialty aerosol and liquid products
including cleaners, disinfectants, lubricants, air fresheners,
antiperspirants, sunscreen, polishes, adhesives and insecticides
for the North American market. The company has approximately 4,000
PLZ developed proprietary aerosol and liquid formulations and
serves janitorial, sanitation, industrial, automotive, paint,
glass, personal care and other end markets. The company is owned by
Pritzker Private Capital.


POWIN LLC: Plan, Disclosure Statement Hearing on Nov. 25
--------------------------------------------------------
The hearing at which the U.S. Bankruptcy Court for the District of
New Jersey will consider final confirmation of the Combined Plan
and Disclosure Statement of Powin, LLC, et al., will commence on
November 25 at 11:30 a.m. (prevailing Eastern Time). The Combined
Hearing will be conducted as hybrid, either in person or via Zoom
for Government.
The deadline for voting on the Plan is on November 18, 2025, at
4:00 p.m. (prevailing Eastern Time). Ballots must be received by
the Debtor's voting agent Verita Global before the Voting
Deadline.

Only holders of Allowed Claims in Class 3 (WARN Act Claims), Class
4 (Settled Priority Claims), and Class 5 (General Unsecured Claims)
are entitled to vote to accept or reject the Plan. Holders of
Claims in Class 1 (Priority Non-Tax Claims) and Class 2 (Other
Secured Claims) are unimpaired and are not entitled to vote on the
Plan, because such Claims and interests are deemed to accept the
Plan. Holders of Claims and Interests in Class 6 (Intercompany
Claims) and Class 7 (Interests) are not entitled to vote on the
Plan because such Holders are not receiving or retaining any value
under the Plan and, thus, are deemed to reject the Plan.

The deadline for filing objections to the Combined Plan and
Disclosure Statement is November 18, 2025, at 4:00 p.m. (prevailing
Eastern Time). All objections must be in writing, state in
particularity the basis of the objection, and be filed with the
Clerk of the Bankruptcy Court, and shall be served to the following
parties:

     Debtors:
     c/o Uzzi & Lall
     One Liberty Plaza
     165 Broadway 23rd Floor
     New York, NY
     Attn: Gerard Uzzi, Esq.
     Email: guzzi@uzzilall.com

     Counsel to the Debtors:
     Tania M. Moyron, Esq.
     Van C. Durrer, II, Esq.
     DENTONS US LLP
     601 S. Figueroa Street #2500
     Los Angeles, CA 90017
     Tel: (213) 623-9300
     Fax: (213) 623-9924
     Email: tania.moyron@dentons.com
            van.durrer@dentons.com

     Counsel to the Debtors:
     Frank A. Oswald, Esq.
     TOGUT, SEGAL & SEGAL LLP
     550 Broad Street, Suite 1508
     Newark, NJ 07102
     Tel: (212) 594-5000
     Fax: (212) 967-4258
     Email: frankoswald@teamtogut.com

     Counsel for the Official Committee of Unsecured Creditors:
     Robert J. Stark, Esq.
     Kenneth J. Aulet, Esq.
     Bennett S. Silverberg, Esq.
     BROWN RUDNICK LLP
     Seven Times Square
     New York, NY 10036
     Telephone: (212) 209-4924
     Facsimile: (212) 938-2924
     Email: rstark@brownrudnick.com
            kaulet@brownrudnick.com
            bsilverberg@brownrudnick.com

     Counsel for the Official Committee of Unsecured Creditors:

     Daniel M. Stolz, Esq.
     GENOVA BURNS LLC
     110 Allen Road, Suite 304
     Basking Ridge, NJ 07920
     Telephone: (973) 533-0777
     Facsimile: (973) 814-4045
     Email: dstolz@genovaburns.com

     Office of the U.S. Trustee:
     Jeffrey M. Sponder
     One Newark Center
     1085 Raymond Boulevard, Suite 2100
     Newark, NJ 07102
     Email: Jeffrey.m.sponder@usdoj.gov

Paper copies or additional copies of the solicitation materials may
be obtained by visting the Debtor's case website at
https://www.veritaglobal.net/powin
The Plan Proponents will file the Plan Supplement no later than
November 7, 2025.
                      
                             About Powin LLC

Powin, LLC, is a manufacturer of utility-scale battery energy
storage systems.  It specializes in designing and manufacturing
advanced energy storage solutions for utility, commercial, and
industrial applications.

Powin and its affiliates sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16137) on June 10,
2025. In its petition, Powin listed assets and liabilities between
$100 million and $500 million.

Bankruptcy Judge Michael B. Kaplan handles the cases.

The Debtors tapped Togut, Segal & Segal LLP and Dentons US LLP as
counsel, and Huron Transaction Advisory LLC as investment banker.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Chapter 11 cases
of Powin LLC and its affiliates.  The Committee retained Genova
Burns LLC and Brown Rudnick LLP as its co-counsel.


PRIMALEND CAPITAL: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Lead Debtor: PrimaLend Capital Partners, LP
             3460 Lotus Drive, Suite 100
             Plano, TX 75075

Business Description: PrimaLend Capital Partners LP provides
                      financing and consulting services to
                      independent automobile dealerships across
                      the U.S., particularly those operating under
                      the Buy-Here-Pay-Here (BHPH) model.  The
                      Company offers receivables financing,
                      inventory floor-plan loans, and real-estate
                      lending solutions to support dealership
                      growth and portfolio expansion.  Founded in
                      2007 and based in Plano, Texas, PrimaLend
                      operates as a nondepository credit
                      intermediation firm serving the automotive
                      finance sector.

Chapter 11
Petition Date:        October 22, 2025

Court:                United States Bankruptcy Court
                      Northern District of Texas

Three affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

   Debtor                                          Case No.
   ------                                          --------
   PrimaLend Capital Partners, LP (Lead)           25-90013
   Good Floor Loans LLC                            25-90014
   LNCMJ Management, LLC                           25-90015

Judge:                Hon. Mark X Mullin

Debtors'
General
Bankruptcy
Counsel:              Jason P. Kathman, Esq.
                      SPENCER FANE
                      5700 Granite Parkway
                      Suite 650
                      Plano, TX 75024
                      Tel: 972-324-0300
                      Fax: 972-324-0301
                      Email: jkathman@spencerfane.com

Debtors'
Financial
Advisor:              FTI CONSULTING, INC.

Debtors'
Investment
Banker:               HOULIHAN LOKEY, INC.

Debtors'
Claims,
Noticing &
Solicitation
Agent:                STRETTO, INC.

Lead Debtor's
Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petitions were signed by Mark Jensen as president.

The Debtors failed to attach lists of their 20 largest unsecured
creditors to the petitions.

Full-text copies of the petitions are available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/GPFDPTA/PrimaLend_Capital_Partners_LP__txnbke-25-90013__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/GVGSJHA/Good_Floor_Loans_LLC__txnbke-25-90014__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/G6BIS6A/LNCMJ_Management_LLC__txnbke-25-90015__0001.0.pdf?mcid=tGE4TAMA


PROSPECT MEDICAL: Hartford HealthCare Wins Auction for 2 Hospitals
------------------------------------------------------------------
Liese Klein of CT Insider reports that Hartford HealthCare has
emerged as the winning bidder to acquire Manchester Memorial and
Rockville General hospitals for $86.1 million, according to
bankruptcy court documents filed late Saturday, October 18, 2025.

No other potential buyers submitted offers by the deadline,
canceling the auction that had been scheduled for October 22, 2025,
according to the report.

Operating under the name ECHN Holdings Inc., Hartford HealthCare
agreed to purchase both hospitals and related entities "free and
clear of liens, claims, encumbrances, and interests." The sale
includes the properties beneath the hospitals, which were
previously sold to Alabama-based Medical Properties Trust in a 2019
sale-leaseback deal. Prospect Medical Holdings, the for-profit
owner of the hospitals, filed for bankruptcy in January and is
divesting all of its Connecticut assets, including Waterbury
Hospital, for which UConn Health has signaled interest but has not
yet submitted a formal bid, the report states.

The sale must now be approved by Judge Stacey Jernigan, who is
overseeing Prospect's bankruptcy case in North Texas. If approved,
state regulators must then review the deal before it can close.
Hartford HealthCare's acquisition would expand its system to nine
hospitals and roughly 2,855 licensed beds, solidifying its position
as Connecticut's largest hospital network, according to report.

Lawmakers hope Hartford HealthCare will restore services at
Rockville General, which lost its surgical and intensive care units
in 2020 and has seen patient volumes fall sharply since. Rockville
posted an $9.6 million operating loss in fiscal 2024, while
Manchester Memorial lost $385,843. The Eastern Connecticut Health
Network, which includes both hospitals, reported a combined $18.4
million loss amid worsening finances across Prospect's facilities,
the report relays.

               About Prospect Medical Holdings

Prospect Medical Holdings owns Roger Williams Medical Center, Our
Lady of Fatima Hospital, and several other healthcare facilities.

Prospect Medical sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80002) on Jan.
11, 2025. In the petition filed by Paul Rundell, as chief
restructuring officer, the Debtor estimated assets and liabilities
between $1 billion and $10 billion each.

Bankruptcy Judge Stacey G. Jernigan handles the case.

The Debtors' general bankruptcy counsel is Thomas R. Califano,
Esq., and Rakhee V. Patel, Esq., at Sidley Austin LLP, in Dallas,
Texas, and William E. Curtin, Esq., Patrick Venter, Esq., and Anne
G. Wallice, Esq., at Sidley Austin LLP, in New York.

The Debtors tapped Alvarez & Marsal North America, LLC as financial
advisor; Houlihan Lokey, Inc. as investment banker; and Omni Agent
Solutions, Inc. as claims, noticing and solicitation agent.


PURDUE PHARMA: Creditors Approve $7.4B Chapter 11 Settlement Plan
-----------------------------------------------------------------
Purdue Pharma L.P. on October 21, 2025, announced that its Chapter
11 Plan of Reorganization received support from more than 99% of
voting creditors, based on preliminary voting results. The votes
were calculated by Kroll, Purdue's court-authorized solicitation
and balloting agent.

"The high level of support for this Plan is gratifying after years
of intense work with our creditors to craft a settlement that
maximizes value for victims and communities and puts billions of
dollars to work for the public good," said Purdue's Board Chairman
Steve Miller. "Following the outcome of this vote, we are focused
on preparing for the confirmation hearing and ultimately the
emergence of a new company with a public minded mission."

The new Plan settles all civil claims against Purdue, as well as
Purdue's civil claims against the Sacklers. Consistent with the
Supreme Court's Harrington decision, each creditor can decide
whether or not to settle and release any direct claims they hold
against the Sacklers. That process remains ongoing.

Assuming full creditor participation, the Plan will deliver
approximately $7.4 billion in cash to creditors, with a potential
to increase of up to $500 million based on the sale proceeds of the
Sacklers' international pharmaceutical businesses. Additional
recoveries are also expected from insurance and litigation pursued
by the bankruptcy estate. Of the total cash recovery, the Sacklers
will contribute up to $6.5 billion, beginning with a $1.5 billion
payment on the Plan's effective date.

In addition to providing billions of dollars in cash to creditors,
the Plan will generate substantial further value by creating a new
company with a public-minded mission. The new company (Knoa Pharma)
will provide millions of doses of lifesaving opioid use disorder
treatments and overdose reversal medicines at no profit.

Purdue's Plan is the only opioid settlement to date that
meaningfully compensates individual victims. As outlined in the
Disclosure Statement, the Plan may direct up to $850 million to
compensate individual victims. Read more details about the Plan
here.

The confirmation hearing is currently scheduled to take place in
November 2025.

                 About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19
23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation. The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain
oversees the cases.  

The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as
legal counsels; PJT Partners as investment banker; AlixPartners as
financial advisor; and Grant Thornton, LLP as tax structuring
consultant. Prime Clerk, LLC, is the claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases.

David M. Klauder, Esq., is the fee examiner appointed in the
Debtors' cases. The fee examiner is represented by Bielli &
Klauder, LLC.

                           *     *     *

U.S. Bankruptcy Judge Robert Drain in early September 2021 approved
a plan to turn Purdue into a new company (Knoa Pharma LLC) no
longer owned by members of the Sackler family, with its profits
going to fight the opioid epidemic. The Sackler family agreed to
pay $4.3 billion over nine years to the states and private
plaintiffs and in exchange for a lifetime legal immunity. The deal
resolves some 3,000 lawsuits filed by state and local governments,
Native American tribes, unions, hospitals and others who claimed
the company's marketing of prescription opioids helped spark and
continue an overdose epidemic.

Separate appeals to approval of the Plan have already been filed by
the U.S. Bankruptcy Trustee, California, Connecticut, the District
of Columbia, Maryland, Rhode Island and Washington state, plus some
Canadian local governments and other Canadian entities.

In early March 2022, Purdue Pharma reached a nationwide settlement
over its role in the opioid crisis, with the Sackler family members
boosting their cash contribution to as much as $6 billion. The
settlement was hammered out with attorneys general from the eight
states -- California, Connecticut, Delaware, Maryland, Oregon,
Rhode Island, Vermont and Washington -- and D.C. who had opposed
the previous settlement.


PURDUE PHARMA: Fights Baltimore Objection Before Ch. 11 Plan Trial
------------------------------------------------------------------
Alex Wittenberg of Law360 reports that Purdue Pharma raised
concerns before a New York bankruptcy judge on Wednesday, October
22, 2025, over an objection filed by the City of Baltimore to its
Chapter 11 restructuring plan. The company said the challenge could
create complications just as it moves closer to confirming its
plan, according to the report.

With the confirmation trial only weeks away, Purdue warned that
Baltimore's filing risks undermining a deal that has already
received broad support from creditors and stakeholders across the
case, the report states.

                   About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19
23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation. The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain
oversees the cases.  

The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as
legal counsels; PJT Partners as investment banker; AlixPartners as
financial advisor; and Grant Thornton, LLP as tax structuring
consultant. Prime Clerk, LLC, is the claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases.

David M. Klauder, Esq., is the fee examiner appointed in the
Debtors' cases. The fee examiner is represented by Bielli &
Klauder, LLC.

                           *     *     *

U.S. Bankruptcy Judge Robert Drain in early September 2021 approved
a plan to turn Purdue into a new company (Knoa Pharma LLC) no
longer owned by members of the Sackler family, with its profits
going to fight the opioid epidemic. The Sackler family agreed to
pay $4.3 billion over nine years to the states and
privateplaintiffs and in exchange for a lifetime legal immunity.
The deal resolves some 3,000 lawsuits filed by state and local
governments, Native American tribes, unions, hospitals and others
who claimed the company's marketing of prescription opioids helped
spark and continue an overdose epidemic.

Separate appeals to approval of the Plan have already been filed by
the U.S. Bankruptcy Trustee, California, Connecticut, the District
of Columbia, Maryland, Rhode Island and Washington state, plus some
Canadian local governments and other Canadian entities.

In early March 2022, Purdue Pharma reached a nationwide settlement
over its role in the opioid crisis, with the Sackler family members
boosting their cash contribution to as much as $6 billion. The
settlement was hammered out with attorneys general from the eight
states -- California, Connecticut, Delaware, Maryland, Oregon,
Rhode Island, Vermont and Washington -- and D.C. who had opposed
the previous settlement.


PUSHPA INTERNATIONAL: Section 341(a) Meeting of Creditors on Nov. 6
-------------------------------------------------------------------
On October 14, 2025, Pushpa International Inc. filed Chapter 11
protection in the Southern District of New York. According to
court filing, the Debtor reports between $1 million and $10
million in debt owed to 1 and 49 creditors. 

A meeting of creditors under Section 341(a) to be held on November
6, 2025 at01:30 PM by Telephone conference ONLY. Toll free:
866-821-5980, Participant # 9065076.

         About Pushpa International Inc.

Pushpa International Inc., doing business as Glamour Couture, is a
Tri-state area retailer offering designer gowns, prom, formal, and
Quinceanera dresses, along with accessories and shoes, providing
in-store personalized assistance for special occasion apparel.

Pushpa International Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y.Case No. 25-22969) on October
14, 2025. In its petition, the Debtor reports estimated assets
between $500,000 and $1 million and estimated liabilities between
$1 million and $10 million.

The Debtor is represented by Julie Cvek Curley, Esq. of KIRBY
AISNER & CURLEY LLP.


REBORN PHOENIX: Rental Income & Contribution to Fund Plan
---------------------------------------------------------
Reborn Phoenix Management, Inc. filed with the U.S. Bankruptcy
Court for the Eastern District of New York a Disclosure Statement
describing Plan of Reorganization dated October 15, 2025.

The Debtor was formed on March 29, 2016 for the purpose of
acquiring and managing property. On May 31, 2018 the Debtor
purchased commercial property located at 1015-1021 Woodfield Road,
West Hempstead, New York 11552 (the "Property").

The Debtor was involved in a litigation with Best Deal Global Inc.,
which was commenced in 2020 in Supreme Court, Nassau County under
index number 613419/2020. On April 11, 2025 after trial the jury
returned a verdict in favor of Best Deal in the amount of $231,250.
The Debtor filed the instant Chapter 11 case on April 18, 2025.

The Property has four leased spaces that produce income which pays
the Debtor's expenses and will be used to fund the Plan. Each
space's rent increases by approximately 5% per year per the leases
as reflected in the projections.

All payments due under the Plan will be funded by the post petition
income of the Reorganized Debtor from rent and, if necessary,
contributions from the Debtor's principal.

Class III claims consist of the Undisputed Allowed General
Unsecured Claims. The amount of the Allowed Undisputed Unsecured
Claims filed and/or scheduled is approximately $2,175.88. The Plan
provides payment to this class in full on the Effective Date. The
Class III is unimpaired and is not entitled to vote on the Plan.

The Class IV Claim of Best Deal was filed on August 14, 2025 in the
amount of $335,014.45 (Claim No. 3). The Debtor is in the process
of preparing an objection to the claim on the basis that it
requests payment for pre-judgment interest. There was a jury
verdict entered by the State Court in the amount of $231,250.00,
this is the amount that the Debtor believes is owed.

No Judgment has been entered by the State Court, and even if one
was, the Complaint did not ask for pre-judgment interest on the
claim, so there is no basis for such an award even if the stay were
lifted and Best Deal was allowed to have a judgment entered.

The Debtor proposed repaying Class V Claims its entire claim, once
ruled upon by the Bankruptcy Court in whatever amount is allowed
over ten years of monthly payments with interest at the Federal
judgment rate of 3.66%. Should the Court allow Best Deal's Claim in
the amount of $231,250.00 the Debtor shall make payments to Best
Deal over ten years on the 20th of each month after the Effective
Date.

Should the Court allow Best Deal's Claim in the amount of
$335,014.45 the Debtor shall make monthly payments to Best Deal
over one hundred forty-eight months on the 20th of each month after
the Effective Date. The payments set forth above provide for
payment of Best Deal's claim in full with interest at the current
Federal Judgment Rate. The Class IV Claim is impaired and is
entitled to vote on the Plan.

Class V consists of the Debtor's sole shareholder, Julia Chai.
Julia Chai shall receive no distributions on account of her Class V
interests but shall retain her equity interests in the Debtor. The
Class V interest holders are impaired and are entitled to vote.

The funds required for confirmation and the payment of claims
required to be paid on the Effective Date shall be provided by the
Debtor and the Reorganized Debtor from funds generated by the
Debtor's monthly wages and family contributions.

A full-text copy of the Disclosure Statement dated October 15, 2025
is available at https://urlcurt.com/u?l=ATWRMK from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     THE LAW OFFICE OF RONALD D. WEISS, P.C.
     John Lehr, Esq.
     445 Broadhollow Road, Suite CL-10
     Melville, NY 11747
     (631) 271-3737
     Email: jlehr@li-bankruptcy.com

                 About Reborn Phoenix Management

Reborn Phoenix Management Inc. is a single asset real estate
management company.

Reborn Phoenix Management Inc. sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-41897) on
April 18, 2025.  In its petition, the Debtor reported assets and
liabilities between $500,000 and $1 million.

Bankruptcy Judge Elizabeth S. Stong handles the case.

The Debtor is represented by Ronald D. Weiss, Esq. at Ronald D.
Weiss, P.C.


RECIPE UNLIMITED: S&P Assigns 'BB' ICR, Outlook Stable
------------------------------------------------------
S&P Global Ratings assigned its 'BB' issuer credit rating to Recipe
Unlimited Corp., a Canadian full-service restaurant operator and
franchisor, and its 'B+' issue-level rating and '6' recovery rating
to the company's senior unsecured credit facility.

The stable outlook reflects S&P's expectation for EBITDA margins in
the mid- to high-teen percents, leverage consistently below 5x,
steady pace of new restaurant openings funded with operating cash
flow, and solid same-restaurant results.

Recipe Unlimited plans to issue $250 million, senior unsecured
notes and use the proceeds to pay down $244 million in revolver
borrowings and transaction fees.

S&P expects pro forma S&P Global Ratings-adjusted debt to EBITDA in
the mid-4x area based on second quarter 2025 last-12-months
adjusted EBITDA with little change to leverage in 2026 due to the
spin-off of The Keg.

Recipe benefits from operating leverage, strong brand recognition
in Canada, and good portfolio diversification in a competitive
market subject to geographic concentration and cautious consumers.

The 'BB' rating reflects market position, brand recognition, and
profitability. Recipe is the largest full-service restaurant
company in Canada, with a portfolio of 18 diverse brands in both
full- and limited-service formats. This mix allows Recipe to appeal
to customers across demographics, occasions, and prices with a
spectrum of food service formats. Despite its smaller size in
comparison to other global operators such as Darden Restaurants,
Inc., Recipe maintains a strong and diversified operating footprint
within Canada.

Approximately 80% of Recipe's restaurants are franchised, which
reduces its exposure to commodity and labor cost inflation. The
franchise model also limits capital expenditure (capex) and
facilitates expansion, since franchisees typically fund up-front
costs of new locations. Recipe's adjusted EBITDA margin falls
within the mid- to high-teen percents, outperforming peers such as
Bloomin' Brands, with adjusted EBITDA margins in the mid- to
high-teens.

Recipe is the exclusive restaurant partner for Scene+, one of
Canada's popular loyalty programs. Such initiatives contribute to
incremental revenue and enhance customer retention through points
accumulation and redemption at participating restaurants. The
company's growth strategy is focused on optimizing its brand
portfolio, driving same-restaurant sales through targeted
marketing, and pursuing strategic expansions and performance
improvements.

S&P said, "We expect that Recipe will maintain leverage below 5x.
The company plans to issue $250 million unsecured notes due in 2033
and use the proceeds to pay down a portion of its revolver
borrowings (currently above $500 million) and fees. Pro forma for
the transaction and based on S&P Global Ratings-adjusted EBITDA for
the 12 months through June 30, 2025, leverage will be about 4.7x
(pro forma for The Keg spin-off). We expect earnings growth will
reduce this to about 4.2x in 2026. Additionally, parent Fairfax
Financial Holdings Ltd. (Fairfax) has indicated that company will
invest earnings in expansion and will only take out dividends if
leverage falls below 3.5x. Recipe management indicated a maximum of
4x-5x (in line with S&P Global Ratings' calculation) post
acquisitions and shareholder dividends. We expect that any
incremental notes issuance will be entirely allocated toward
reducing borrowings under the revolving credit facility.

"Our ratings incorporate a one-notch uplift for group support.
Recipe is 100% owned by and fully consolidated with the financials
of Fairfax, but it will operate as a stand-alone business. We view
Recipe as moderately strategic to Farifax, therefore, we don't
expect ongoing financial support from Fairfax but rather that
support would be available only under extraordinary circumstances.
We also believe Fairfax will be a long-term investor in Recipe and
maintain a prudent financial policy with respect to dividends. As a
result, our 'bb-' stand-alone credit profile receives a one-notch
parental uplift to a 'BB' rating.

"We expect solid underlying performance in 2026. The Keg had
contributed $700 million annually to Recipe's total system sales.
We expect reported revenues will be relatively flat in 2025 and our
2025 projections include nine months of revenue contribution from
The Keg, which was spun off in September. The decline in revenue
from the spin-off is offset by contribution from the acquisition of
Olive Garden Canada, Recipe's 4.5% same restaurant sale growth in
the first half of 2025 and a stable traffic.

"For 2026, we project revenues will decline 12.5%, reflecting a 16%
decline from the spin-off. This is partly offset by a full-year
revenue contribution from Olive Garden Canada and system wide 2%-3%
same-store sales improvement. Additionally, Recipe has planned
restaurant openings across both corporate and franchised segments.
We anticipate it will focus more on expanding the franchised
footprint through 2028, mainly with high-performing brands such as
Harvey's, State & Main, and Montana's BBQ & Bar, which offer strong
unit economics and scalable growth potential."

Brand portfolio diversification supports solid same-restaurant
sales. While the top six brands account for approximately 78% of
total system sales, they span a mix of quick service (Harvey's, New
York Fries), family casual (Swiss Chalet, St-Hubert), and
full-service dining (Montana's, Kelsey's). These brands also
represent a broad range of price points, with average transaction
values ranging from $13 to $66, which helps capture a wide spectrum
of consumer spending. Their strong recent performance —reflected
in an average same-restaurant sales (SRS) growth of 4.8% in H1
2025, compared to the total portfolio average of 4.5%— has
supported overall sales momentum and helped offset softness in
other parts of the portfolio.

During 2024, the same restaurant sale growth for quick service
restaurant was flat and some peers reported same-restaurant sales
declines amid sluggish traffic and customers moving to lower-price
options. However, Recipe was almost stable due in large part to its
diversified portfolio, strategic bundling of menu items, and
maintaining competitive pricing to attract value-conscious
customers. Strong performance across its top brands such as Swiss
Chalet, Harvey's, Montana's, and Kelsey's offset the
underperforming brands.

Centralized supplier management supports cost control; however,
pricing remains critical. Recipe manages the supplier relationships
for both corporate restaurants and franchises, leading to better
negotiation and lower risk of store closures in an inflationary
environment than smaller, independent players. The company has a
diverse supplier base, though most suppliers are located in Canada.
While management views price increases as a last resort in an
inflationary environment to protect traffic flow, it has
historically raised average prices at a rate exceeding inflation.

The stable outlook on Recipe reflects S&P's expectation for EBITDA
margins in the mid- to high-teen percents and leverage consistently
below 5x. It also forecasts a steady pace of restaurant openings,
funded with operating cash flow and solid same-store results.

S&P could lower the rating if:

-- Operating performance falls short of our forecast, including
weaker margins and cash flow, raising leverage above 5x. This could
happen due to a sharp decline in consumer spending or intensifying
competition;

-- Its ability to compete effectively in a changing landscape
weakens, causing us to reassess its competitive position; or

-- Fairfax's management team is not committed to its financial
policy of maintaining prudent capital structure such that leverage
remains below 5x.

S&P could raise its rating over the next 12 months if:

-- Recipe continues its track record of generating solid sales and
strong EBITDA margins, indicating sustained gains from its market
share and operating margin expansion initiatives;

-- It sustains S&P Global Ratings-adjusted leverage below 4x; and

-- Fairfax's management team remains committed to its financial
policy of maintaining prudent capital structure such that leverage
remains below 4x.



RICCA REAL: Kathleen DiSanto Named Subchapter V Trustee
-------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto,
Esq., at Bush Ross, P.A., as Subchapter V trustee for Ricca Real
Estate, LLC.

Ms. DiSanto will be paid an hourly fee of $350 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Kathleen L. DiSanto, Esq.
     Bush Ross, P.A.
     P.O. Box 3913
     Tampa, FL 33601-3913
     Phone: (813) 224-9255
     Fax: (813) 223-9620  
     disanto.trustee@bushross.com

       About Ricca Real Estate LLC

Ricca Real Estate, LLC is a Florida-based limited liability company
offering real estate brokerage and property management services
from 7537 Bayshore Drive, Unit 201, Saint Petersburg.

Ricca Real Estate sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07672) on
October 17, 2025. In its petition, the Debtor reported between $1
million and $10 million in assets and liabilities.

Honorable Bankruptcy Judge Catherine Peek McEwen handles the case.

The Debtor is represented by Marshall G. Reissman, Esq., at The
Reissman Law Group.


RICKY SELLERS: Case Summary & 12 Unsecured Creditors
----------------------------------------------------
Debtor: Ricky Sellers Trucking, LLC
        1800 S Main Street
        Linden, AL 36748

Business Description: Ricky Sellers Trucking, LLC provides freight
                      transportation and hauling services across
                      the United States.  The Company operates a
                      fleet of tractors and trailers transporting
                      commodities including lumber, logs, produce,
                      and refrigerated goods.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       Southern District of Alabama

Case No.: 25-20296

Judge: Hon. Henry A Callaway

Debtor's Counsel: Barry A Friedman, Esq.
                  BARRY A FRIEDMAN & ASSOCIATES, PC
                  Post Office Box 2394
                  Mobile, AL 36652-6652
                  Tel: 251-439-7400
                  Fax: 251-432-2665
                  Email: bky@bafmobile.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by RIckey Sellers as member.

A full-text copy of the petition, which includes a list of the
Debtor's 12 unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/M4VQRGY/Ricky_Sellers_Trucking_LLC__alsbke-25-20296__0001.0.pdf?mcid=tGE4TAMA


RIFLE RFB: Mark Dennis of SL Biggs Named Subchapter V Trustee
-------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a
certified public accountant at SL Biggs, as Subchapter V trustee
for Rifle RFB, LLC.

Mr. Dennis will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark D. Dennis, CPA
     SL Biggs, A Division of SingerLewak, LLP
     2000 S. Colorado Blvd., Tower 2, Ste. 200
     Denver, CO 80222
     Phone: 303-226-5471
     Email: mdennis@slbiggs.com

                        About Rifle RFB LLC

Rifle RFB LLC filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. Colo. Case No. 25-16687) on October
15, 2025, with $50,001 to $100,000 in assets and $500,001 to $1
million in liabilities.

Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the
Debtor as legal counsel.


RISE MANAGEMENT: Fine-Tunes Plan Documents
------------------------------------------
Rise Management, LLC submitted a Second Amended Combined Plan and
Disclosure Statement dated October 15, 2025.

This Plan proposes to pay creditors of the Debtor from cash flow
from operations, an infusion of capital, litigation proceeds, and
sale of assets.

This Plan provides for three classes of secured claims; one class
of unsecured claims; and one class of equity security holders.
Unsecured creditors holding allowed claims will receive
distributions, which the Debtor has valued at approximately 13.6
cents on the dollar.

Existing Equity Holders have contributed $25,000.00 to fund all
remaining repairs and renovations to the Property. JBIT, a member
of the Debtor, will guarantee $200,000.00 of obligations to BOA
during the term of this Plan. The funds to guarantee payment will
be a capital contribution from JBIT through Capital Advisors and
will only be used as needed to fund plan obligations. A dedicated
account has been established by Capital Advisors with a current
balance in excess of $200,000.00.

In the event the Equity Infusion from Sale Proceeds are not
available due to a delay in the closing date, JBIT will guarantee
payment of $148,000.00 through funds advanced to JBIT, with JBIT
being reimbursed the $148,000.00 payment upon closing of the sale.
A declaration of Janice Bruno detailing the extent of JBIT's
guarantees, current statement from the dedicated account, and a
letter from Capital Advisors verifying the credit line would be
extended and the funds shown in the dedicated account are only to
be used to fund JBIT's guaranty and only allowed to be used for
plan approved obligations.

The funds for the equity infusion will be obtained from
distributions generated through the sale of property owned by
Granaio, LLC, a separate non-debtor entity of which JBIT is a
member, to Mid Point Algiers, LLC. The purchase price is $14
million. After payment of existing mortgages and other fees, the
remaining sales proceeds will be sufficient for JBIT to fund the
equity infusion along with other operational future requirements
where capital infusion maybe needed to execute on plan herein. On
May 7, 2025, a Purchase and Sale Agreement was executed by both
seller and purchaser.

Like in the prior iteration of the Plan, each Holder of an Allowed
General Unsecured Claim shall receive quarterly cash payments equal
to its Pro Rata share of $195,000.00, to be paid over a period of
eighty-four months. Payments shall commence on the first day of the
fifteenth month after the Distribution Date. Class 5 will also
receive fifty percent of the Litigation Funds, after payment of all
Allowed Administrative Expense Claims, Priority Claims, and
Priority Tax Claims. Any distributions of Litigation Funds will not
be applied towards the quarterly payment amounts.

JBIT, a member of the Debtor, will guarantee $200,000.00 of
obligations to BOA during the term of this Plan. The funds to
guarantee payment will be a capital contribution from JBIT through
Capital Advisors. A dedicated account has been established by
Capital Advisors with a current balance in excess of $200,000.00.
The Debtor will not be responsible for repayment of any funds
provided by JBIT pursuant to this guaranty, nor will any property
of the Debtor be used as collateral for the guaranty.

Besides the equity infusion, an additional equity infusion of
$148,000.00 will be made by JBIT. The funds for the equity infusion
will be obtained from profits generated through the sale of
property owned by a separate non-debtor entity. In the event the
Equity Infusion from Sale Proceeds are not available due to a delay
in the closing date, JBIT will guarantee payment of $148,000.00
through funds advanced to JBIT, with JBIT being reimbursed the
$148,000.00 payment upon closing of the sale. These funds have
already been advanced to JBIT and are in an account controlled by
JBIT at Chase Bank. This equity infusion will only impact treatment
of the Class 2 Claim.

A full-text copy of the Second Amended Combined Plan and Disclosure
Statement dated October 15, 2025 is available at
https://urlcurt.com/u?l=BCuJs5 from PacerMonitor.com at no charge.

Counsel to the Debtor:

     Patrick S. Garrity, Esq.
     Derbes Law Firm, LLC
     3027 Ridgelake Drive
     Metairie, LA 70002
     Telephone: (504) 207-0920
     Facsimile: (504) 832-0322
     E-mail: pgarrity@derbeslaw.com

                        About Rise Management

Rise Management LLC is primarily engaged in renting and leasing
real estate properties. The Debtor owns three properties located in
New Orleans having a total current value of $1.3 million.

Rise Management LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 24-11535) on
Aug. 7, 2024.  In the petition filed by Cullan Maumas of MagNola
Ventures, LLC, the Debtor's manager, the Debtor reported total
assets of $2,628,537 and total liabilities of $2,952,920.

The Honorable Bankruptcy Judge Meredith S. Grabill oversees the
case.

The Debtor is represented by Patrick Garrity, Esq. at THE DERBES
LAW FIRM, LLC.


RITE AID: Brand and IP Assets Up for Sale Amid Bankruptcy Process
-----------------------------------------------------------------
The Rite Aid(R) brand and related assets are available for
acquisition. The professional services team at Hilco Global
(www.hilcoglobal.com) has been retained, subject to Bankruptcy
Court approval, to manage the sale of the assets.

Bids to acquire the assets are due by October 31, 2025. An auction,
if necessary, will be held on November 6, 2025. The company
reserves the right not to conduct an auction. Interested parties
can click here to learn more or contact Hilco Global directly at
Project+Road@hilcoglobal.com.

Founded in 1962, Rite Aid(R) grew to become the third-largest
drugstore chain in the U.S., operating more than 2,100 locations
across 17 states at its height. Rite Aid(R) has long been
synonymous with accessible healthcare, trusted for prescription
medications, immunizations, and a wide assortment of health,
beauty, and household products. Its deep-rooted brand trust,
extensive digital footprint, and deep customer loyalty base present
a scalable platform for growth across consumer health, beauty,
eCommerce, and wellness markets.

The available assets include the iconic Rite Aid(R) brand and
RiteAid.com domain name, revenue-driving owned private label brands
such as RYSHI(R) , PawTown(R) , Refreshery(R) , and Tugaboos(R) ,
as well as certain "front-end" loyalty data. This sale does not
include prescription files.

David Peress, Hilco Global's Executive Director IP Services stated,
"This is a rare opportunity to acquire one of the most well-known
retail healthcare brands in the U.S." Peress continued, "The Rite
Aid(R) brand can be immediately leveraged across multiple
sectors--from ePharmacy and digital health, to health and beauty
and consumer-packaged goods--to meaningfully engage with consumers
across sales channels."

New Rite Aid, LLC and its debtor affiliates are
debtors-in-possession in a Chapter 11 Bankruptcy proceeding pending
before the U.S. Bankruptcy Court for the District of New Jersey,
jointly administered under Case No. 25-14861 (MBK). The sale of the
assets described herein will be conducted pursuant to an order of
the Bankruptcy Court.

Interested parties should contact Project+Road@hilcoglobal.com.

Hilco Global Professional Services -- IP Services Deal Team

  * David Peress -- Executive Director
  * Jordon Parker -- Vice President
  * Samantha D'Alessandro -- Analyst

About Hilco Global: Hilco Global, a subsidiary of ORIX Corporation
USA, is a diversified financial services company that delivers
integrated professional services and capital solutions that help
clients maximize value and drive performance across the retail,
commercial industrial, real estate, manufacturing, brand and
intellectual property sectors, and more. Hilco Global provides a
range of customized solutions to healthy, stressed, and distressed
companies to resolve complex situations and enhance long-term
enterprise value. Hilco Global works to deliver the best possible
result by aligning interests with clients and providing strategic
advice and, in many instances, the capital required to complete the
deal. Hilco Global is based in Northbrook, Illinois and has more
than 810 professionals operating on four continents. Visit
www.hilcoglobal.com.

View original content to download
multimedia:https://www.prnewswire.com/news-releases/hilco-global-seeks-offers-to-acquire-consumer-ip-assets-of-rite-aid-302589261.html

SOURCE Hilco Global

                    About Rite Aid

Rite Aid is a full-service pharmacy committed to improving health
outcomes. Rite Aid is defining the modern pharmacy by meeting
customer needs with a wide range of solutions that offer
convenience, including retail and delivery pharmacy, as well as
services offered through the Company's wholly owned subsidiary
Bartell Drugs. On the Web: http://www.riteaid.com/    

Rite Aid and certain of its subsidiaries previously filed for
chapter 11 bankruptcy in October 2023 and emerged from bankruptcy
in August 2024.

On May 5, 2025, New Rite Aid, LLC and its subsidiaries, including
Rite Aid Corporation, commenced voluntary Chapter 11 proceedings
(Bankr. D.N.J. Lead Case No. 25-14861). As of the 2025 bankruptcy
filing date, Rite Aid operates 1,277 stores and 3 distribution
centers in 15 states and employs approximately 24,500 people. Rite
Aid is using the Chapter 11 process to pursue a sale of its
prescriptions, pharmacy and front-end inventory, and other assets.
The cases are being administered by the Honorable Michael B.
Kaplan.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal
advisor, Guggenheim Securities, LLC is serving as investment
banker, and Alvarez & Marsal is serving as financial advisor to the
Company. Joele Frank, Wilkinson Brimmer Katcher is serving as
strategic communications advisor to the Company.

Kroll is the claims agent and maintains the page
https://restructuring.ra.kroll.com/RiteAid2025

Bank of America, N.A., as DIP Agent, is represented by lawyers at
Greenberg Traurig, LLP; and Choate Hall & Stewart LLP.


RMS CARRIERS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee for Region 4 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of RMS Carriers, LLC.

                      About RMS Carriers LLC

RMS Carriers, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.S.C. Case No. 25-03590) on September 12,
2025, listing between $100,001 and $500,000 in assets and between
$500,001 and $1 million in liabilities.

Judge Elisabetta Gm Gasparini oversees the case.

The Debtor is represented by:

   William Harrison Penn, Esq.
   Penn Law Firm, LLC
   Tel: 803-771-8836
   Email: hpenn@pennlawsc.com


ROBRAD TOOL: Joseph Cotterman Named Subchapter V Trustee
--------------------------------------------------------
The U.S. Trustee for Region 14 appointed Joseph Cotterman as
Subchapter V trustee for Robrad Tool & Engineering, Inc.

Mr. Cotterman will be paid an hourly fee of $500 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Joseph E. Cotterman
     5232 W. Oraibi Drive
     Glendale, AZ 85308
     Telephone: 480-353-0540
     Email: cottermail@cox.net

               About Robrad Tool & Engineering Inc.

Based in Mesa, Arizona, Robrad Tool & Engineering, Inc.
manufactures high-precision complex machined parts and assemblies
for aerospace and defense clients. Founded in 1978, the company
operates a 20,000-square-foot facility equipped with CNC lathes,
mills, grinding machines, EDM, and assembly lines, supporting
production from bar stock, castings, and forgings in both low- and
high-temperature alloys. Robrad is ISO9001:2000 and AS9100B
certified and employs engineers, programmers, and machinists
experienced in multi-axis programming, CAD/CAM design, and
high-speed machining.

Robrad sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Ariz. Case No. 25-09862) on October 16, 2025, with
$593,195 in assets and $2,662,489 in liabilities. Douglas R.
Gottwald, president of Robrad, signed the petition.

Christopher R. Kaup, Esq., at Tiffany & Bosco, P.A. represents the
Debtor as legal counsel.


RP THE REYNOLDS: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: RP The Reynolds Brothers Building Corp.
        3857 White Plains Rd.
        Bronx NY 10467

Business Description: The Debtor is a single-asset real estate
                      entity (as defined in 11 U.S.C. Section
                      101(51B)).

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 1:25-bk-12309

Debtor's Counsel: Norma E. Ortiz, Esq.
                  ORTIZ & ORTIZ, LLP
                  287 Park Avenue South, Ste 337
                  New York NY 10010
                  Tel: 718-522-1117
                  Email: email@ortizandortiz.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Freddy Reynoso, Jr. as president.

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/L3HTGMY/RP_The_Reynolds_Brothers_Building__nysbke-25-12309__0001.0.pdf?mcid=tGE4TAMA


RUNITONETIME LLC: Seeks to Extend Plan Exclusivity to Feb. 9, 2026
------------------------------------------------------------------
RunItOneTime LLC and its affiliates asked the U.S. Bankruptcy Court
for the Southern District of Texas to extend their exclusivity
periods to file a plan of reorganization and obtain acceptance
thereof to February 9, 2026 and April 10, 2026, respectively.

The Debtors explain that the application of factors to the facts
and circumstances of the Chapter 11 Cases demonstrates that the
requested extension of the Exclusive Periods is both appropriate
and necessary.

First, the size and complexity of the issues attendant to these
cases warrants approval of the requested relief. The Debtors
comprise 68 affiliated entities operating in multiple
jurisdictions, with significant funded indebtedness and a complex
capital structure. The cases have involved numerous first day
motions, employment of a broad slate of professionals, and the
administration of assets and claims across a substantial number of
subsidiaries.

Second, termination of the Exclusive Periods at this juncture would
adversely impact the Debtors' efforts to preserve and maximize the
value of their estates and advance these Chapter 11 Cases. The
Debtors are presently engaged in a robust sale process and have
proposed procedures for the sale of certain assets. If exclusivity
were terminated, the Debtors could face the prospect of competing
plans, which would introduce uncertainty and potentially delay or
derail the progress made toward a value-maximizing resolution.

Third, the Debtors have obtained critical first day relief, secured
postpetition financing, retained necessary professionals, completed
their schedules and statements, and implemented procedures for
claims and professional compensation. The Debtors have also
advanced their sale and restructuring efforts, demonstrating
meaningful progress toward a successful reorganization and
satisfaction of the third and fourth factors.

Fourth, the Debtors do not seek the extension of the Exclusive
Periods as a means to exert pressure on the relevant parties in
interest. Instead, the extension will allow the Debtors to continue
making progress with key stakeholders. In the context of these
Chapter 11 Cases, granting the requested extensions of the
Exclusive Periods will not pressure the Debtors' creditor
constituencies or grant the Debtors any unfair bargaining leverage.
Accordingly, the fifth factor weighs in favor of extending the
Exclusive Periods.

Finally, the Debtors continue to make timely payments on their
undisputed postpetition obligations. Accordingly, the seventh
factor weighs in favor of extending the Exclusive Periods.

The Debtors' Co-Counsel:        

                   Timothy A. ("Tad") Davidson II, Esq.
                   Ashley L. Harper, Esq.
                   Philip M. Guffy, Esq.
                   HUNTON ANDREWS KURTH LLP
                   600 Travis Street, Suite 4200
                   Houston, TX 77002
                   Tel: (713) 220-4200
                   Email: taddavidson@hunton.com
                          ashleyharper@hunton.com
                          pguffy@hunton.com

                     - and -

                   Jeffrey E. Bjork, Esq.
                   Helena G. Tseregounis, Esq.
                   Nicholas J. Messana, Esq.
                   LATHAM & WATKINS LLP   
                   355 South Grand Avenue, Suite 100
                   Los Angeles, California 90071-1560
                   Tel: (213) 485-1234
                   E-mail: jeff.bjork@lw.com
                   helena.tseregounis@lw.com
                   nicholas.messana@lw.com

                      and

                   Ray C. Schrock, Esq.
                   Andrew Sorkin, Esq.  
                   1271 Avenue of the Americas
                   New York, NY 10020
                   Tel: (212) 906-1200
                   E-mail: ray.schrock@lw.com
                           andrew.sorkin@lw.com

                            About RunItOneTime LLC

RunItOneTime LLC, formerly known as Maverick Gaming LLC,
headquartered in Kirkland, Washington, is a regional casino and
cardroom operator across Washington State, Nevada, and Colorado.
The company operates a portfolio of 31 properties, with 1,800 slot
machines, 350 table games, 1,020 hotel rooms, and 30 restaurants.
Maverick was founded in 2017 by Eric Persson and Justin Beltram,
who hold over 70% ownership in the company.

RunItOneTime LLC and 67 affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90191) on
July 14, 2025. In its petition, RunItOneTime estimated assets and
liabilities between $100 million and $500 million each.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Latham & Watkins LLP as counsel; and Hunton
Andrews Kurth LLP, as bankruptcy co-counsel. The Debtors also
engaged GLC Advisors & Co., LLC and GLC Securities, LLC, as
investment banker, and Triple P TRS, LLC as financial advisor. The
Debtors' tax advisor is KPMG LLP.


SMILES AROUND: Case Summary & 10 Unsecured Creditors
----------------------------------------------------
Debtor: Smiles Around Us II Inc
          d/b/a Smiles Around Us Academy
        375 Sand Lane
        Staten Island, NY 10305

Business Description: Smiles Around Us II Inc., doing business as
                      Smiles Around Us Academy, operates an early
                      childhood education center in Staten Island,
                      New York.  The school offers 3K and
                      Universal Pre-K (UPK) programs focused on
                      social, emotional, linguistic, cognitive,
                      and physical development through play-based
                      and learner-centered instruction.  It
                      emphasizes individualized growth, family
                      engagement, and collaborative learning
                      environments to prepare children for
                      continued academic success.

Chapter 11 Petition Date: October 22, 2025

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 25-45097

Judge: Hon. Elizabeth S Stong

Debtor's Counsel: Alla Kachan, Esq.
                  LAW OFFICES OF ALLA KACHAN, P.C.
                  2799 Coney Island Avenue
                  Suite 202
                  Brooklyn, NY 11235
                  Tel: (718) 513-3145
                  Fax: (347) 342-3156
                  Email: alla@kachanlaw.com

Total Assets: $139,646

Total Liabilities: $1,290,765

The petition was signed by Svetlana Kazakevich as president.


A full-text copy of the petition, which includes a list of the
Debtor's 10 unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/2GQAXTA/Smiles_Around_Us_II_Inc__nyebke-25-45097__0001.0.pdf?mcid=tGE4TAMA


SMITH MICRO: Warrant Share Issuance Under Nasdaq Rule 5635(d) OK'd
------------------------------------------------------------------
Smith Micro Software, Inc. held a Special Meeting of Stockholders.
Of the 21,458,637 shares of the Company's common stock outstanding
and entitled to vote at the Special Meeting, 11,159,156 shares (or
52.00%), constituting a quorum, were represented in person (online)
or by proxy at the Special Meeting.

Two proposals were submitted by the Company's Board of Directors to
a vote of Company stockholders.

A. The Company's stockholders approved, for purposes of Nasdaq
listing rule 5635(d), of the issuance of shares of the Company's
common stock underlying the common warrants issued by us pursuant
to the terms of that certain Securities Purchase Agreement, dated
July 17, 2025, in an amount that, together with the other shares of
common stock issued pursuant to such Securities Purchase Agreement,
may equal or exceed 20% of our common stock outstanding.

Final results of the voting:

     For: 10,547,202
     Against: 346,095
     Abstain: 265,859
     Broker Non-Votes: 0

B. Shareholders approved the adjournment of the Special Meeting, if
necessary, to solicit additional proxies if there are insufficient
votes at the time of the Special Meeting to approve the Nasdaq
Proposal.

Final results of the voting:

     For: 10,567,314
     Against: 327,028
     Abstain: 264,814
     Broker Non-Votes: 0

                           About Smith Micro

Smith Micro Software, Inc., headquartered in Pittsburgh,
Pennsylvania, provides software solutions designed to enhance the
mobile experience for wireless service providers globally.  The
Company's offerings include family safety software and visual voice
messaging, targeting digital lifestyle services, online safety,
automotive telematics, and consumer Internet of Things (IoT)
applications.  It focuses on leveraging technology and data
analytics to meet customer needs and support connected lifestyles.

In its audit report dated March 12, 2025, SingerLewak LLP issued a
"going concern" qualification citing that the Company has suffered
recurring losses from operations and has projected future cash flow
requirements to meet continuing operations in excess of current
available cash.  This raises substantial doubt about the Company's
ability to continue as a going concern.

As of June 30, 2025, the Company had $29.58 million in total
assets, $7.17 million in total liabilities, and $22.41 million in
total stockholders' equity.


SPIRIT AVIATION: Court Directs U.S. Trustee to Appoint Examiner
---------------------------------------------------------------
Judge Sean Lane of the U.S. Bankruptcy Court for the Southern
District of New York directed the U.S. Trustee for Region 2 to
appoint an examiner for Spirit Aviation Holdings, Inc. and
affiliates.

The bankruptcy judge directed the U.S. Trustee to appoint an
examiner pursuant to Section 1104(c) of the Bankruptcy Code to
investigate the circumstances surrounding the bankruptcy refiling
of Spirit Aviation Holdings, Inc. and its affiliates (Case No.
25-11897) approximately five months after the effectiveness of the
confirmed plan in Spirit Airlines, LLC and its affiliates (Case No.
24-11988).

Judge Lane further ordered that the examiner must complete his or
her investigation no later than 45 days from the date of the court
order confirming his or her appointment by the U.S. Trustee, unless
the court, for good cause shown, extends the deadline.

The examiner may retain counsel and other professionals, if he or
she determines that such retention is necessary to discharge his or
her duties, with such retention to be subject to court approval.
The aggregate budget for the examiner and all professionals he or
she retains must not exceed $1.25 million.

Moreover, the examiner is authorized, without further order of the
court, to take informal, and thereafter if needed, formal discovery
of the Debtors, their current and former officers and directors,
and their professionals, pursuant to Fed. R. Bankr. P. 2004 to the
extent necessary to perform the investigation.

The Debtors and their professionals are directed to cooperate with
the examiner in conjunction with the performance of any of the
examiner's duties and the investigation.

Both the Debtors and the official committee of unsecured creditors
have consented to the appointment of an examiner.

The order is available at https://is.gd/w1C5Wa from
PacerMonitor.com.

Counsel to the Debtors:

     DAVIS POLK & WARDWELL LLP
     Marshall S. Huebner, Esq.
     Darren S. Klein, Esq.
     450 Lexington Avenue
     New York, New York 10017

Counsel to the Committee:

     WILKIE FARR & GALLAGHER LLP
     Brett H. Miller, Esq.
     Todd M. Goren, Esq.
     787 Seventh Avenue
     New York, New York 10019

Counsel to the Ad Hoc Committee of Senior Secured Noteholders:

     AKIN GUMP STRAUSS HAUER & FELD LLP
     Michael S. Stamer, Esq.
     Jason P. Rubin, Esq.
     One Bryant Park
     New York, New York 10036

                About Spirit Aviation Holdings Inc.

Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit
Airlines, a U.S.-based low-cost carrier providing air
transportation services across the United States, Latin America,
and the Caribbean. They employ approximately 25,000 direct
employees and independent contractors.

Spirit Aviation Holdings and its subsidiaries sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead
Case No. 25-11897) on August 29, 2025. In the petition signed by
Frederick Cromer, authorized signatory, Spirit Aviation Holdings
disclosed $8,576,287,000 in assets and $8,096,842,000 in
liabilities as of June 30, 2025.

Judge Sean H. Lane oversees the cases.

The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy
counsel; PJT Partners LP as investment banker; FTI Consulting, Inc.
as restructuring, fleet and communications advisor; Debevoise &
Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell,
LLP as conflicts counsel, and Ernst & Young, LLP as its audit and
tax services provider. Epiq Corporate Restructuring, LLC is the
claims, noticing, solicitation and administrative agent.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Willkie Farr & Gallagher, LLP as legal counsel;
Alton Aviation Consultancy, LLC as specialized aviation advisor;
Jefferies. LLC as investment banker; and AlixPartners, LLP as
financial advisor.


SPV MD SALE: Case Summary & Four Unsecured Creditors
----------------------------------------------------
Debtor: SPV MD Sale LLC
        c/o Meridian Law, LLC
        1212 Reisterstown Road
        Pikesville, MD 21208

Business Description: SPV MD Sale LLC owns eight properties
                      located in Baltimore City.

Chapter 11 Petition Date: October 21, 2025

Court: United States Bankruptcy Court
       District of Maryland

Case No.: 25-19852

Debtor's Counsel: Aryeh E. Stein, Esq.
                  MERIDIAN LAW, LLC
                  1212 Reisterstown Road
                  Baltimore, MD 21208
                  Tel: 443-326-6011
                  Fax: 410-782-3199
                  E-mail: astein@meridianlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yisroel Cherns as owner.

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

https://www.pacermonitor.com/view/KGYZNUQ/SPV_MD_Sale_LLC__mdbke-25-19852__0001.0.pdf?mcid=tGE4TAMA


SRX HEALTH: Receives NYSE American Notice for Equity Deficiency
---------------------------------------------------------------
SRx Health Solutions, Inc. disclosed in a Form 8-K Report filed
with the U.S. Securities and Exchange Commission that the Company
received a written notice from the NYSE American LLC indicating
that the Company is not in compliance with the NYSE American
continued listing standard set forth in Section 1003(a)(ii) of the
NYSE American Company Guide.

Section 1003(a)(ii) requires a listed company to have stockholders'
equity of $4 million or more if the listed company has reported
losses from continuing operations and/or net losses in three of its
four most recent fiscal years.. The Notice has no immediate effect
on the listing or trading of the Company's common stock and the
common stock will continue to trade on the NYSE American under the
symbol "SRXH."

Additionally, the Notice does not result in the immediate delisting
of the Company's common stock from the NYSE American.

The Company is subject to the procedures and requirements of
Section 1009 of the Company Guide. The procedures and requirements
of Section 1009 of the NYSE American Company Guide, which could,
among other things, result in the initiation of delisting
proceedings, unless the Company cures the deficiency in a timely
manner. NYSE American may also accelerate delisting action in the
event that the Company's common stock trades at levels viewed by
the Staff to be abnormally low.

The Company has until November 13, 2025, to submit a plan of
actions it has taken or will take to regain compliance with the
Exchange's continued listing standards by July 14, 2026.

The Company intends to regain compliance with the NYSE American's
continued listing standards by undertaking a measure or measures
that are for the best interests of the Company and its
shareholders.

The Company's receipt of the Notice does not affect the Company's
business, operations or reporting requirements with the Securities
and Exchange Commission. The Company is actively engaged in
discussions with the NYSE American and is developing plans to
regain compliance with the NYSE American's continued listing
standards within the cure period.

As required under NYSE American rules, the Company issued a press
release on October 17, 2025, announcing that it had received the
Notice. A copy of the press release announcing these events is
available at https://tinyurl.com/ms579x9b

                   About SRx Health Solutions, Inc.

SRx Health Solutions, Inc. formerly known as Better Choice Company
Inc., -- https://srxhealth.com/ -- is an integrated Canadian
healthcare services provider that operates within the specialty
healthcare industry. The SRx network extends across all ten
Canadian provinces, making it one of the most accessible providers
of comprehensive, integrated, and customized specialty healthcare
services in the country.  SRx combines years of industry,
knowledge, technology, and patient-centric focus to create
strategies and solutions that consistently exceed client
expectations and drive critical patient care initiatives aimed to
improve the wellness of Canadians.

Tampa, Fla.-based Marcum LLP, the Company's auditor since 2024,
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 incurred
significant losses and has an accumulated deficit and may need to
raise additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

As of June 30, 2025, the Company had $33.99 million in total
assets, $79.87 million in total liabilities, and $45.88 million in
total stockholders' deficit.


STEALTH ONSITE: Seeks Chapter 7 Bankruptcy in Texas
---------------------------------------------------
On October 20, 2025, Stealth Onsite Solutions LLC voluntarily filed
for Chapter 7 bankruptcy in the Southern District of Texas. Court
documents show the company has debts ranging from $100,001 to $1
million, and a creditor count of one to 49.

           About Stealth Onsite Solutions LLC

Stealth Onsite Solutions LLC operates oil and gas wells and
leaseholds in multiple Texas counties, including Harris, Brazoria,
Galveston, Jackson, and Fort Bend.

Stealth Onsite Solutions LLC sought relief under Chapter 7 of the
U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-36224) on
October 20, 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 Eduardo V. Rodriguez handles the case.

The Debtor is represented by Kyle Payne, Esq. of Payne &
Associates, PLLC.


STREETS OF NEW YORK: Michael Carmel Named Subchapter V Trustee
--------------------------------------------------------------
The U.S. Trustee for Region 14 appointed Michael Carmel of Michael
Carmel, Ltd. as Subchapter V trustee for Streets of New York, Inc.


Mr. Carmel will be paid an hourly fee of $550 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Michael W. Carmel
     Michael W. Carmel, Ltd.
     80 E. Columbus Ave
     Phoenix, AZ 85012-4965
     Phone: 602-264-4965
     Fax: 602-277-0144
     Email: michael@mcarmellaw.com

                  About Streets of New York Inc.

Streets of New York Inc., a family-run business, operates a chain
of pizzerias and Italian restaurants headquartered in Phoenix,
Arizona.

Streets of New York sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09832) on
October 16, 2025. In its petition, the Debtor reported between
$100,001 and $1 million in assets and liabilities.

Honorable Bankruptcy Judge Eddward P. Ballinger, Jr. handles the
case.

The Debtor is represented by John Powers, Esq.


SUMMIT AUTOMOTIVE: Pursues Restructuring Under CCAA Protection
--------------------------------------------------------------
Upon application by the Bank of Montreal in its capacity as senior
secured lender to Summit V Auto Ltd. o/a Arrow Motors VW, 1175104
B.C. Ltd. o/a Cranbrook Mitsubishi, 1272986 B.C. Ltd. o/a Sun
Valley Nissan, 2345137 Alberta Ltd. o/a Vermilion Chrysler, 2497902
Alberta Ltd. o/a Castle Ford, 2437342 Alberta Ltd. o/a Squamish
Chrysler, 1262113 B.C LTD o/a Western Power Sports, MK Auto K-M
Ltd., 1972207 Alberta Ltd., Summit S. Auto Ltd., and 2351497
Alberta Ltd. ("Summit Automotive Group" or "Companies") the
Honourable Justice M.A. Marion of the Court of King's Bench of
Alberta ("Court") issued an order ("Initial Order") granting
protection to Summit Automotive Group from their creditors under
the Companies' Creditors Arrangement Act, as amended.  Pursuant to
the Initial Order, BDO Canada Limited was appointed as monitor of
the Companies.

Pursuant to the Initial Order, Summit Automotive Group is to
continue to carry on business in a manner consistent with the
commercially reasonable preservation of its business while it
considers and pursues restructuring alternatives.

On Aug. 27, 2025, an amended and restated initial Order ("ARIO")
was granted by the Honourable Justice Simard of the Court pursuant
to the CCAA, granting Summit Automotive Group, among other relief,
an extension of the Stay Period through to Sept. 26, 2025.

A copy of the Initial Order, the ARIO, along with a list of Summit
Automotive Group's creditors with claims exceeding $1,000 (based on
information available from the Companies' books and records as of
the Filing Date, can be found on the Monitor's website at:
https://www.bdo.ca/services/financial-advisory-services/business-restructuring-turnaround-services/current-engagements/summit-automotive-group
or by contacting the Monitor directly.  Additional materials will
be posted to the Website from time to time, and creditors are
encouraged to check the Website regularly for updates on the status
of the proceedings.

Should you have any questions or concerns, please contact Mr. Peter
Stamadianos, of the Monitor, at (437) 564-4226 or
pstamadianos@bdo.ca.

Monitor can be reached at:

   BDO Canada Limited
   Attn: Clark Lonergan
         Heron Yin
   1500, 640 - 5 Avenue SW
   Calgary, AB T2P 3G4
   Email: clonergan@bdo.ca
          hyin@bdo.ca

Counsel for Monitor:

   Miller Thomson LLP
   Attn: James Reid, Esq.
         Pavin Takha, Esq.
         Monica Faheim, Esq.
         Marcia Ceko, Esq.
   525 - 8th Avenue S.W.
   43rd Floor
   Calgary, AB T2P 1G1

Counsel for the Companies:

   Bryan & Company LLP
   Attn: Soheel Hussien, Esq.
   2900, 10180 101 Street
   Edmonton, AB T5J 3V5
   Email: sshussein@bryanco.com

Summit Automotive Group is an automotive dealership group that
operates seven car dealerships in Alberta and British Columbia.
Summit Automotive Group sells cars manufactured by the following
OEMs: Volkswagen, Mitsubishi, Nissan, Stellantis.


SURGERY CENTER: Section 341(a) Meeting of Creditors on November 25
------------------------------------------------------------------
On October 12, 2025, Surgery Center of Fort Wayne LLC filed
Chapter 11 protection in the Southern District of Indiana.
According to court filing, the Debtor reports between $1 million
and $10 million in debt owed to 1 and 49 creditors. 

A meeting of creditors under Section 341(a) to be held on November
25, 2025 at 02:00 PM Eastern via a teleconference at 888-330-1716;
passcode 6790688.

         About Surgery Center of Fort Wayne LLC

Surgery Center of Fort Wayne LLC, located in Fort Wayne, Indiana,
operates as a Medicare-certified ambulatory surgical center
providing outpatient surgical services. The center offers
procedures including orthopedic surgery and pain management and is
accredited by the Accreditation Association for Ambulatory Health
Care.

Surgery Center of Fort Wayne LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-06217) on
October 12, 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 KC Cohen, Esq. of KC COHEN, LAWYER, PC


TRANSDIGM INC: Moody's Affirms 'B1' CFR, Outlook Stable
-------------------------------------------------------
Moody's Ratings has affirmed its ratings assigned to TransDigm Inc.
(TransDigm), including the B1 corporate family rating, B1-PD
probability of default rating, Ba3 backed senior secured notes
rating, Ba3 backed senior secured bank credit facilities rating,
and B3 backed senior subordinated notes rating. The SGL-1
speculative grade liquidity rating is unchanged. The outlook is
stable.

The affirmations reflect TransDigm's very strong business profile,
supported by the applicability of its offerings across a wide swath
of commercial and defense aircraft programs and significant
aftermarket sales. Moody's also expects the company to sustain
strong top-line growth and its very high EBITDA margin near 50%.

RATINGS RATIONALE

TransDigm's B1 CFR reflects its leading market position in highly
engineered aerospace components, strong profitability, and scale.
The company's products are used by commercial airlines, aircraft
maintenance facilities, OEMs, and US and foreign militaries.
TransDigm's business model produces outsized profit margins, with
its EBITDA margin near 50%. Products are highly engineered and
about 90% are proprietary. Once parts are designed and sold onto
new aircraft, they generate aftermarket sales over that program's
life, which can run for decades.

The ratings are constrained by TransDigm's aggressive financial
policy, defined by recurring, multi-billion dollar special
dividends that are funded with debt. It distributed $9.6 billion of
special dividends in fiscal 2025, up from $2.0 billion of these
dividends in fiscal 2024. Moody's forecasts debt on Moody's
adjusted basis to have increased to $30.1 billion at September 30,
2025, from $25.0 billion and $19.8 billion at the two prior fiscal
year ends, respectively. However, the growth in EBITDA has mostly
kept pace, resulting in debt/EBITDA of about 6.7x at September 30,
2025, up from 6.3x at the end of fiscal 2023. TransDigm's leverage
target is between 5x and 7x. Moody's expects debt/EBITDA will
remain below 7x as demand and earnings remain strong because of the
favorable multi-year outlook for commercial and defense aerospace
equipment.

The stable outlook reflects Moody's expectations for the company to
sustain its strong financial performance, including its high profit
margins and for debt/EBITDA to remain near 6.5x, notwithstanding
likely ongoing debt-funded, special dividends.

Liquidity will remain very good over the next 12-18 months, with
cash in excess of $2.0 billion and the $910 million revolver that
expires in February 2029 remaining undrawn. Moody's projects annual
operating cash flow of at least $2 billion, though special
dividends will weigh on free cash flow.

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

The ratings could be downgraded if operating cash flow materially
weakens. EBITDA margin falling towards 40% or debt/EBITDA sustained
near 7.0x could also lead to a ratings downgrade. There will be no
upwards pressure on the rating as long as there remains the
prospect of ongoing, significantly large, debt-funded dividends or
the leverage target remains between 5.0x and 7.0x. Following
adoption of a more conservative financial policy, debt/EBITDA
sustained below 5.0x could lead to a ratings upgrade.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Aerospace and
Defense published in July 2025.

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.

TransDigm Inc., headquartered in Cleveland, Ohio, designs,
produces, and supplies highly engineered aircraft components for
commercial and military aircraft. Products include actuators and
controls, ignition systems, specialized pumps and valves, power
conditioning devices, electric motors and generators, batteries and
chargers, engineered latching and locking devices, connectors and
sealing solutions, cockpit security components, advanced cockpit
displays, audio, radio and antenna systems, lavatory components,
seat belts, and safety restraints. Revenue for the twelve months
ended June 30, 2025 was roughly $8.6 billion.


UNITED AIRLINES: S&P Assigns 'BB+' Rating on 2025 Revenue Bonds
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue rating to United
Airlines Inc.'s proposed special-purpose airport facilities revenue
bonds (United Airlines Inc. project) series 2025 issued by the
Greater Orlando Aviation Authority. The proceeds from these bonds,
which we expect will be issued with maturities ranging from
2034-2037, will primarily be used to fund the construction of a new
maintenance facility campus at the Orlando International Airport to
be used by United. Under the terms of the issuance, the bond
proceeds will be loaned to United and the principal and interest
payments on the loan will be the absolute and unconditional
obligations of the company. The loan is also secured by a leasehold
mortgage on the leased premises of the Orlando airport used by
United.

S&P said, "We rate the series 2025 revenue bonds at the same level
as our issuer credit rating on United. We believe the security on
the revenue bonds will provide the bondholders with a potentially
stronger bargaining position with United in any future bankruptcy
proceedings than if the bonds were secured solely by the company's
payments." While not expected, the bondholder claims would become
unsecured in the event the lease is terminated prior to the bond's
maturity. However, United would remain obligated to continue to
service the interest and principal payment obligations because
lease termination is not an event of default under the bond
indenture.



VERSANT MEDIA: Moody's Rates New $1BB Senior Secured Notes 'Ba2'
----------------------------------------------------------------
Moody's Ratings assigned a Ba2 rating to Versant Media Group,
Inc.'s proposed new $1 billion senior secured notes due 2031. The
net proceeds from the senior secured notes issuance will be
escrowed and later used in conjunction with an aggregate of $1.75
billion of draws under the company's $1.0 billion 5-year senior
secured first lien delayed draw term loan A (unrated) and Ba2-rated
$750 million 5-year senior secured first lien delayed draw term
loan B to fund a $2.25 billion distribution to Comcast Corporation
(Comcast, A3 stable) and for general corporate purposes. Versant
also has a $750 million 5-year first lien revolving credit facility
(undrawn) that is unrated. All other ratings including the
company's Ba2 corporate family rating and stable outlook are
unchanged.

In November 2024, Comcast announced that it would distribute to its
shareholders all of the shares of common stock of Versant, a newly
formed public company comprising the business, operations,
products, services and activities of certain of Comcast's cable
television networks and digital platforms. Versant is part of
Comcast's Media segment and has not been operated as a distinct
business unit or division of Comcast. At the time of the company's
separation from Comcast, expected to be completed in early January
2026 and subject to the satisfaction of customary conditions,
escrowed net proceeds from the senior secured notes issuance and
from draws under the company's $1.0 billion 5-year senior secured
first lien delayed draw term loan A and $750 million 5-year senior
secured first lien delayed draw term loan B aggregating
approximately $2.75 billion will primarily fund a $2.25 billion
distribution to Comcast, with the remaining cash balance of around
$500 million expected to capitalize Versant's balance sheet.

RATINGS RATIONALE

Versant's Ba2 CFR reflects the company's significant scale,
relative competitive positioning in live news and sports content,
solid cash flow generation and modest starting debt leverage
(Moody's adjusted) of 1.2x. These factors are offset by sustained
secular pressures at the company's main Linear Distribution
business which is expected to contract at a slightly accelerating
pace as a result of changing consumer video consumption behavior in
pay TV end markets. The company will face significant execution
risks over an approximately two-year period as it works to operate
on a standalone basis independent of its former parent. Versant
will also need to partially offset the secular pressures
contributing to sizable subscriber losses with inflation or
inflation-plus price increases, as well as through steady cost
reductions and operating efficiencies given increasingly
competitive end markets. While such actions will help offset some
of Versant's margin pressures, Moody's expects continued steady
declines in overall revenue and EBITDA over at least the next
two-to-three years. Further, Moody's believes aggressive and
sustained reductions in entertainment programming & production
expenses and the achievement of high-cost efficiencies across
centralized functions may be more difficult to achieve, at least in
the early period following the spin-off. In addition to maximizing
revenue potential through pricing and monetization opportunities in
its existing legacy pay TV end markets, the successful development
of digital (or non-pay TV) revenue in new or adjacent end markets
is critical to supporting Versant's current credit assessment.

While Moody's acknowledges relative competitive strengths in the
company's live news and sports channel content, including at MS
NOW, CNBC and USA, Versant has faced steady subscriber loss trends
across all of its cable network channels. Offsetting negative
demographic trends and the broader industry pressures inherent in
Versant's business model at this stage of its life cycle will
remain increasingly difficult. The rate of EBITDA decline is
expected to exceed the rate of revenue decline as continued
subscriber attrition negatively impacts operating leverage given
the company's fixed costs. Further, Moody's expects any new or
adjacent revenue growth largely in digital (or non-pay TV)
businesses will be less profitable generally than Versant's legacy
businesses.

Versant's credit profile does benefit from a still sizable
subscriber base, reasonably solid pricing power and revenue
diversity from its smaller Advertising business, which is expected
to contract at a slightly and generally slower pace than the
company's Linear Distribution business. Comcast's continued
representation of Versant in its advertising sales over
approximately the first two years post the spin-off is supportive.
However, the company's negotiating clout and current Comcast-driven
advantages in advertising sales could be impaired when Versant
competes as a standalone company.

Versant's SGL-1 speculative grade liquidity rating reflects the
company's very good liquidity profile, including pro forma balance
sheet cash at its early January 2026 spin-off date of around $500
million. In addition, the company will start out with full
availability under its $750 million revolving credit facility due
2031 (unrated). Moody's expects Versant to generate significant
free cash flow in 2025 and 2026 given the company's historically
high free cash flow conversion ratio. Excluding capital costs
associated with the build out of a permanent headquarters in New
York City, Moody's views Versant as having low capital investing
intensity which will help support cash flow generation. As a
priority, Moody's believes the company would need to emphasize
business investment generally over deploying discretionary cash for
more aggressive shareholder friendly actions in the early years
following the spin-off to help blunt the pace of revenue and EBITDA
contraction and support the current credit profile. Moody's expects
declining but meaningful free cash flow generation based on a
prudent financial capitalization that sustains debt leverage
(Moody's adjusted) at around 1.3x absent M&A through Moody's
prospectives outlook period. The revolver contains a first lien
leverage covenant set at 3.5x which is only tested when utilization
exceeds 35%.

Governance and social factors are key drivers of Versant's ratings.
The company's ESG Credit Impact Score of CIS-4 primarily reflects
social and governance risks associated with sustained secular
pressures on its main Linear Distribution business. These negative,
secularly driven trends include consumers moving to
direct-to-consumer video-on-demand services and terminating
traditional linear bundled pay TV services which the company relies
on for distribution of its cable network content. The potential for
a successful evolution of the company's go-forward business
strategy remains unclear, and Versant will face significant
execution risks as it works to partially offset sizable subscriber
losses in its increasingly competitive end markets. While the
company's modest debt leverage policy helps to partially offset
business risks, dividend and shareholder buyback financial policy
objectives favor equity holders over debt holders and could result
in future and sustained pressures on current capital structure
objectives. Growth strategies tied to M&A could also negatively
impact balance sheet strength. Versant will be a broadly owned
public spin-off company, but like its pre-spin-off parent Comcast,
Versant will have a dual class stock structure and Brian Roberts
will beneficially own 33 1/3% of the combined voting power of its
Class A and Class B common stock. The company will have a majority
independent Board comprised of 10 members, nine of which will be
independent, with the tenth being the CEO. Unlike the Comcast
Board, Brian Roberts will not be a director.

Moody's believes the company is committed to a financial policy
targeting sustained debt leverage within an approximate range of
1.25x to 1.75x (Moody's adjusted) over time. Moody's expects the
company will seek to grow dividends while optimizing share buybacks
after adequately investing in the business to drive revenue growth,
and also expect disciplined tuck-in and opportunistic M&A.

The Ba2 ratings on Versant's senior secured first lien delayed draw
term loan B and senior secured notes reflect the probability of
default of the company as reflected in the Ba2-PD probability of
default rating, an average expected recovery rate of 50% at default
and the loss given default assessment of the debt instruments in
the capital structure based on a priority of claims.

The stable outlook reflects Moody's expectations that Versant's
organic revenue and EBITDA will contract over the next 12 to 24
months while the company maintains sizable cash flow generation
that provides for meaningful financial flexibility given modest
debt leverage (Moody's adjusted). The stable outlook also
incorporates Moody's expectations that the company will maintain
very good liquidity and use any available free cash flow after
scheduled debt amortization and planned for dividends and share
repurchases to prudently invest in new end markets and businesses
to drive future growth to offset the secular decline in legacy
segments.

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

Upwards ratings pressure is unlikely in the near term given the
business risks and secular pressures causing subscriber, revenue
and EBITDA declines within the company's business. However, over
time Moody's could consider an upgrade if the company invests in
new sustainable businesses such that it generates steady and
material revenue and EBITDA growth, and operates with low debt
leverage (Moody's adjusted) on a sustained basis.

Given industry secular pressures, Moody's could consider a
downgrade if the pace of subscriber, revenue and EBITDA declines
proves worse than Moody's current expectations or Moody's expects
debt leverage (Moody's adjusted) to be sustained above 1.75x. In
addition, potential negative credit implications could result if
the company further amends its financial policy to a more
aggressive posture or if liquidity deteriorates.

Marketing terms for the senior secured first lien delayed draw term
loan B credit facility (final terms may differ materially) include
the following:

Incremental pari passu debt capacity up to the greater of $787.5
million and 35% of consolidated EBITDA, plus unlimited amounts
subject to 2.0x first lien net leverage ratio. There is an inside
maturity sublimit up to the greater of $1.125 billion and 50% of
consolidated EBITDA. There will be "customary 'J. Crew'" and
"customary 'Serta'" provisions that restrict (i) the transfer of
material intellectual property to unrestricted subsidiaries and
(ii) up-tiering transactions. Amounts up to 100% of the available
capacity under the general restricted payments basket can also be
reallocated to incur additional debt.

Versant Media Group, Inc., with headquarters in New York, NY, is a
planned spin-off of Comcast Corporation's media and entertainment
businesses that will operate in four core markets: political news
and opinion (MS NOW network, the renamed MSNBC); business news and
personal finance (CNBC network); golf and athletics participation
(Golf Channel network and digital platforms, including GolfNow and
SportsEngine); and sports and genre entertainment (networks: USA
Network, Oxygen, E! and Syfy; digital platforms: Fandango and
Rotten Tomatoes). Pro forma revenue for the last 12 months ended
June 30, 2025 was approximately $6.9 billion.

The principal methodology used in these ratings was Media published
in September 2025.

Versant's Ba2 CFR is two notches below the scorecard-indicated
outcome of Baa3. The difference primarily reflects uncertainty
regarding secular pressures and the pace of subscriber losses and
revenue and EBITDA contraction. In addition, high execution risks
and the company's lack of a track record as a standalone company
operating in competitive end markets also factored into the
two-notch difference.


VETCOR LLC: Michael Markham Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 21 appointed Michael Markham, Esq., as
Subchapter V trustee for VetCor, LLC.

Mr. Markham, a partner at Johnson Pope Bokor Ruppel & Burns, LLP,
will be paid an hourly fee of $350 for his services as Subchapter V
trustee and will be reimbursed for work-related expenses incurred.


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

The Subchapter V trustee can be reached at:

     Michael C. Markham, Esq.
     Johnson Pope Bokor Ruppel & Burns, LLP
     401 E. Jackson Street, Suite 3100
     Tampa, FL 33602
     Phone: (727) 480-5118
     Mikem@jpfirm.com

                         About VetCor LLC

Based in Tampa, Florida, VetCor, LLC is a veteran-owned restoration
services company founded in 2013, providing water and mold damage
restoration for residential and commercial properties. It operates
from 5898 Jet Port Industrial Blvd and offers fire and smoke
mitigation, emergency board-up and roof tarping, and related
cleanup services. The company is IICRC-certified and emphasizes
rapid response and adherence to industry restoration standards.

VetCor sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. M.D. Fla. Case No. 25-07690) on October 17, 2025,
listing up to $50,000 in assets and between $1 million and $10
million in liabilities.

Jake C. Blanchard, Esq., at Blanchard Law, P.A. represents the
Debtor as bankruptcy counsel.


VILLAGE ROADSHOW: Justifies Auction Against Warner Bros. Offer
--------------------------------------------------------------
Ben Zigterman of Law360 Bankruptcy Authority reports that Warner
Bros. Entertainment Inc. submitted a last-minute bid for the
derivative rights of bankrupt film producer Village Roadshow
Entertainment Group, the company behind major titles like The
Matrix and Ocean's Eleven.

The disclosure came during a Tuesday, October 21, 2025, hearing in
Delaware bankruptcy court, where attorneys discussed competing
offers for the studio's intellectual property, the report states.

              About Village Roadshow Entertainment Group

Village Roadshow Entertainment Group USA Inc. and its affiliates
are a prominent independent producer and financier of major
Hollywood films, having produced over 100 successful movies since
1997. Their portfolio includes globally recognized blockbusters
such as "Joker," "The Great Gatsby," and the "Matrix" trilogy.
Before the WB Arbitration, which began in 2022, the Company had a
profitable and well-established co-production and co-financing
partnership with Warner Bros. Entertainment Inc. and its affiliates
("WB"), resulting in many successful projects. The Debtor's most
valuable assets include its Film Library and Derivative Rights,
stemming from its extensive and enduring film industry presence.

Village Roadshow Entertainment Group USA Inc. and its affiliates
sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
D. Del. Lead Case No. 25-10475) on March 17, 2025. In the petitions
signed by Keith Maib, chief restructuring officer, the Debtors
disclosed up to $500 million in estimated assets and up to $1
billion in estimated liabilities.

Bankruptcy Judge Thomas M. Horan handles the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP as local
counsel; Sheppard, Mullin, Richter & Hampton LLP as bankruptcy
counsel; Kirkland & Ellis LLP as special litigation counsel;
Accordion Partners, LLC as financial and restructuring advisor; and
Solic Capital Advisors, LLC as investment banker. Kurtzman Carson
Consultants, LLC, doing business as Verita Global, is the Debtors'
claims and noticing agent and administrative advisor.


VIVAKOR INC: Converts $1.05M Junior Secured Note Into 10.9M 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 October 10, 15, and 16, 2025, the Company received Notices of
Conversion from the Lender converting $350,000, $350,000 and
$350,000 of the Principal Amount of the Initial Note into 3,323,837
shares, 3,796,095 shares and 3,795,095 shares of the Company's
common stock, respectively.

Pursuant to the terms of the Initial Note and the Notices of
Conversion, 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 were 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 the Company's 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.


WAHEGURU LLC: Mark Dennis of SL Biggs Named Subchapter V Trustee
----------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a
certified public accountant at SL Biggs, as Subchapter V trustee
for Waheguru LLC.

Mr. Dennis will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark D. Dennis, CPA
     SL Biggs, A Division of SingerLewak, LLP
     2000 S. Colorado Blvd., Tower 2, Ste. 200
     Denver, CO 80222
     Phone: 303-226-5471
     Email: mdennis@slbiggs.com

                        About Waheguru LLC

Waheguru LLC, doing business as Wendover Travel Center, provides
truck stop amenities, a deli, and tire sales and services in
Wendover, Utah.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 25-16691) on October 15,
2025, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Navkirat Singh, manager, signed the
petition.

Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the
Debtor as legal counsel.


WAHEGURU LLC: Seeks Subchapter V Bankruptcy in Colorado
-------------------------------------------------------
On October 15, 2025, Waheguru LLC filed Chapter 11 protection in
the District of Colorado. According to court filing, the Debtor
reports between $1 million and $10 million in debt owed to 1 and
49 creditors. 

         About Waheguru LLC

Waheguru LLC, doing business as Wendover Travel Center, provides
truck stop amenities, a deli, and tire sales and services in
Wendover, Utah.

Waheguru LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-16691) on October
15, 2025. In its petition, the Debtor reports estimated assets
between $100,000 and $500,000 and estimated liabilities between $1
million and $10 million.

The Debtor is represented by Gregory K. Stern, Esq. of GREGORY K.
STERN, P.C.


WATER'S EDGE: Determination of Brown Rudnick Fee Request Deferred
-----------------------------------------------------------------
Judge Christopher J. Panos of the United States Bankruptcy Court
for the District of Massachusetts deferred the determination of the
second interim application of Water's Edge Limited Partnership for
compensation and reimbursement of expenses for its special counsel
Brown Rudnick LLP.

The hearing will be deferred until after any sale hearing and will
be rescheduled or combined with a final application.

The firm's services include:

     a. assistance with the Debtor's negotiations with key
constituents, including its affiliates (which affiliates assert the
largest claims of any type in this case);

     b. assistance and advice as to governance matters;

     c. advice as to the fiduciary and other obligations of the
Debtor as to various classes of creditors and other parties in
interest;

     d. potential sources of capital investment in the Debtor,
given historical relationships and expressions of interest, and the
treatment of such potential sources within the Debtor's capital
structure and existing creditor, regulatory, and executive
relationships; and

     e. Performance of such other legal services for the Debtor
that are necessary and proper in these proceedings and are not
duplicative of matters handled by general bankruptcy counsel
without the need for assistance of the firm.

Brown Rudnick agrees to cap its hourly rates charged in this case
at $1,020 per hour.

William Baldiga, Esq., a partner at Brown Rudnick 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.

A copy of the Court's Order dated October 15, 2025, is available at
https://urlcurt.com/u?l=WZDYqy from PacerMonitor.com.

            About Water's Edge Limited Partnership

Water's Edge Limited Partnership is primarily engaged in renting
and leasing real estate properties.

Water's Edge Limited Partnership sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 24-12445) on
December 5, 2024. In the petition filed by Evelyn M. Carabetta,
authorized representative, the Debtor reports estimated assets and
liabilities between $10 million and $50 million each.

The Honorable Bankruptcy Judge Christopher J. Panos handles the
case.

The Debtor tapped David Frye, Esq., at Russo, Frye & Associates,
LLP as counsel; Verdolino & Lowey, PC as financial advisor; and
Bradford Carlson at Gray, Gray & Gray, LLP as accountant.

Counsel to DIV OA Lender, LLC, the Debtor's previous DIP lender,
are John J. Monaghan, Esq., Lynne B. Xerras, Esq., and Kathleen M.
St. John, Esq., at Holland & Knight, in Boston, Massachusetts.

Fairbridge Credit, LLC, as DIP lender, is represented by Kate E.
Nicholson, Esq., at Nicholson Devine, LLC, in Cambridge,
Massachusetts.


WELL RUN: Case Summary & Eight Unsecured Creditors
--------------------------------------------------
Debtor: Well Run LLC
          d/b/a Just Love Coffee Cafe
        121 Southwood Drive
        Madison, AL 35758

Business Description: Well Run LLC operates a coffee cafe under
                      the Just Love Coffee Cafe brand in Madison,
                      Alabama, providing food and beverage
                      services, including coffee, espresso drinks,
                      teas, juices, and light snacks.

Chapter 11 Petition Date: October 20, 2025

Court: United States Bankruptcy Court
       Northern District of Alabama

Case No.: 25-82131

Judge: Hon. Clifton R Jessup Jr

Debtor's Counsel: Kevin D. Heard, Esq.
                  HEARD, ARY & DAURO, LLC
                  303 Williams Avenue
                  Park Plaza, Suite 921
                  Huntsville, AL 35801
                  Tel: 256-535-0817
                  Fax: 256-535-0818
                  E-mail: kheard@heardlaw.com

Total Assets: $650,769

Total Liabilities: $1,501,649

The petition was signed by Travis Duehring as president.

A copy of the Debtor's list of eight unsecured creditors is
available for free on PacerMonitor at:

https://www.pacermonitor.com/view/XGSQXAQ/Well_Run_LLC__alnbke-25-82131__0002.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/WYKHOVY/Well_Run_LLC__alnbke-25-82131__0001.0.pdf?mcid=tGE4TAMA


WELL RUN: Linda Gore Named Subchapter V Trustee
-----------------------------------------------
J. Thomas Corbett, the U.S. Bankruptcy Administrator for the
Northern District of Alabama, appointed Linda Gore as Subchapter V
trustee for Well Run, LLC.

The Subchapter V trustee can be reached at:

     Linda B. Gore
     P.O. Box 1338
     Gadsden, AL 35902
     Telephone No. 256-546-9262
     Email: linda@ch13gadsden.com

                        About Well Run LLC

Well Run, LLC, doing business as Just Love Coffee Café, filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. N.D. Ala. Case No. 25-82131) on October 20, 2025. At the
time of the filing, Well Run listed between $500,001 and $1 million
in assets and between $1 million and $10 million in liabilities.

Judge Clifton R. Jessup Jr. presides over the case.

Kevin D. Heard, Esq., and Angela Stewart Ary, Esq., at Heard, Ary &
Dauro, LLC represent the Debtor as legal counsel.


WELLMADE FLOOR: Nov. 21, 2025 Claims Bar Date Set
-------------------------------------------------
All entities, including individuals, partnerships, estates, and
trusts who have a claim or potential claim against Wellmade Floor
Coverings International, Inc., et al., including, without
limitation, any secured claim, unsecured claim, priority claim or
claim asserted under section 503(b)(9) of the Bankruptcy Code for
goods delivered and received by any of the Debtors within 20 days
before the Petition Date that arose prior to the Petition Date, no
matter how remote or contingent such right to payment or equitable
remedy may be, must file a proof of claim on or before November 21,
2025, at 5:00 p.m., prevailing Eastern Time.

Governmental entities who have a claim or potential claim against
the Debtors that arose prior to the Petition Date, no matter how
remote or contingent such right to payment or equitable remedy may
be, must file a proof of claim on or before April 4, 2026, at 5:00
p.m., prevailing Eastern Time.

Each Proof of Claim must be filed, including supporting
documentation, by (i) electronically using the interface available
on the Notice and Claims Agent's website at
https://veritaglobal.net/wellmade or (ii) first-class U.S. Mail,
overnight mail, or other hand-delivery system, which Proof of Claim
must include an original signature, so as to be received by
Kurtzman Carson Consultants, LLC d//b/a Verita Global on or before
the Claims Bar Date or the Government Bar Date at the following
address:

     Wellmade Claims Processing Center
     c/o KCC dba Verita
     222 N. Pacific Coast Hwy, Suite 300
     El Segundo, CA 90245
     Tel: (888) 647-1744

Current and former employees who worked at Wellmade's factory in
Cartersville, Georgia, before August 4, 2025, and who believe to
have a claim against the Debtors, must file a claim at
https://www.veritaglobal.net/wellmade/info/14565

        About Wellmade Floor Coverings International Inc.

Wellmade Floor Coverings International Inc. manufactures and
distributes hard-surface flooring products, including bamboo,
hardwood, and vinyl. The privately owned Company is based in the
United States, with a manufacturing facility in Cartersville,
Georgia, and sales offices and warehousing in Portland, Oregon. A
non-debtor affiliate operates in China.

Wellmade Floor Coverings International Inc. and its affiliates
sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
N.D. Ga. Lead Case No. 25-58764) on August 4, 2025. In its
petition, Wellmade Floor reports estimated assets between $500
million and $100 million and $50 million.

Honorable Bankruptcy Judge Sage M. Sigler handles the cases.

The Debtors are represented by Greenberg Traurig, LLP. Kurtzman
Carson Consultants, LLC d/b/a Verita Global is the Debtors'
claims,
noticing, solicitation and administrative agent.


WEST CENTRO: Fine-Tunes Plan Documents
--------------------------------------
West Centro, LLC submitted a Second Amended Combined Plan and
Disclosure Statement dated October 15, 2025.

This Plan proposes to pay creditors of the Debtor from cash flow
from operations, an infusion of capital, litigation proceeds, and
sale of assets.

This Plan provides for three classes of secured claims; one class
of unsecured claims; and one class of equity security holders.
Unsecured creditors holding allowed claims will receive
distributions, which the Debtor has valued at approximately 15
cents on the dollar.

The financial forecast of the Debtor is based upon the funds
generated from operation of the Debtor's business and assumes an
occupancy rate of 92%. Cash distributions will come from current
operations, Litigation Proceeds, and, if necessary, Equity
infusions of capital. The Debtor's financial projections are based
on rentals increasing during 2025, reaching a 100% occupancy rate
by November 2025.

Existing Equity Holders have contributed $25,000.00 to fund all
remaining repairs and renovations to the Property. JBIT, a member
of the Debtor, will guarantee $200,000.00 of obligations to BOA
during the term of this Plan. The funds to guarantee payment will
be a capital contribution from JBIT through Capital Advisors and
will only be used as needed to fund plan obligations. A dedicated
account has been established by Capital Advisors with a current
balance in excess of $200,000.00.

In the event the Equity Infusion from Sale Proceeds are not
available due to a delay in the closing date, JBIT will guarantee
payment of $252,000.00 through funds advanced to JBIT by Capital
Advisors, with JBIT being reimbursed the $252,000.00 payment upon
closing of the sale. A declaration of Janice Bruno detailing the
extent of JBIT's guarantees, current statement from the dedicated
account, and a letter from Capital Advisors verifying the credit
line would be extended and the funds shown in the dedicated account
are only to be used to fund JBIT's guaranty and only allowed to be
used for plan approved obligations.

The funds for the equity infusion will be obtained from
distributions generated through the sale of property owned by
Granaio, LLC, a separate non-debtor entity of which JBIT is a
member., to Mid Point Algiers, LLC. The purchase price is $14
million. After payment of existing mortgages and other fees, the
remaining sales proceeds will be sufficient for JBIT to fund the
equity infusion along with other operational future requirements
where capital infusion may be required to satifsty plan
obligations. On May 7, 2025, a Purchase and Sale Agreement was
executed by both seller and purchaser.

The executed Purchase and Sale Agreement does not contain any
financing contingencies. Thomas Carlotto, counsel for JBIT, has
prepared the finance agreements, purchase agreement, bill of sale,
title affidavit, and other documents necessary to complete the
sale. Title Depot has been selected as the closing agent and
closing is scheduled for October 24, 2015. The distribution from
the sale would be sufficient to fund the $252,000.00 payment. The
cash infusion will prepay the first $252,000.00 of obligations to
BOA under the plan (approximately eighteen months).

The Plan contemplates payments to all Holders of Allowed Claims
against the Debtor based upon the cash flow created through the
business operations of the Debtor or, alternatively, Liquidation of
the Debtor's assets. The Holders of Equity Interests will not
receive any Distribution under the Plan unless the following
conditions have been met: (a) all Unclassified Claims except for
Priority Claims have been paid in full; and, (b) the Debtor is
current on all payments to the Holders of Priority Claims and the
Class 2, 3, 4 and 5 Claims as required by this Plan.

Like in the prior iteration of the Plan, each Holder of an Allowed
General Unsecured Claim shall receive quarterly cash payments equal
to its Pro Rata share of $195,000.00, to be paid over a period of
eighty-four months. Payments shall commence on the first day of the
fifteenth month after the Distribution Date. Class 5 will also
receive fifty percent of the Litigation Funds, after payment of all
Allowed Administrative Expense Claims, Priority Claims, Priority
Tax Claims. Any distributions of Litigation Funds will not be
applied towards the quarterly payment amounts. This Class will
receive a distribution of 15% of their allowed claims.

JBIT, a member of the Debtor, will guarantee $200,000.00 of
obligations to BOA during the term of this Plan. The funds to
guarantee payment will be a capital contribution from JBIT through
Capital Advisors. A dedicated account has been established by
Capital Advisors with a current balance in excess of $200,000.00.
The Debtor will not be responsible for repayment of any funds
provided by JBIT pursuant to this guaranty, nor will any property
of the Debtor be used as collateral for the guaranty.

Besides the equity infusion described above, an additional equity
infusion of $252,000.00 will be made by JBIT. The funds for the
equity infusion will be obtained from profits generated through the
sale of property owned by a separate non-debtor entity. In the
event the Equity Infusion from Sale Proceeds are not available due
to a delay in the closing date, JBIT will guarantee payment of
$252,000.00 through funds advanced to JBIT, with JBIT being
reimbursed the $252,000.00 payment upon closing of the sale. These
funds have already been advanced to JBIT and are in an account
controlled by JBIT at Chase Bank. This equity infusion will only
impact treatment of the Class 2 Claim.

A full-text copy of the Second Amended Combined Disclosure
Statement dated October 15, 2025 is available at
https://urlcurt.com/u?l=nXqubX from PacerMonitor.com at no charge.


Attorneys for the Debtor:

      Patrick S. Garrity, Esq.
      Albert J. Derbes, IV, Esq.
      Derbes Law Firm, L.L.C.
      3027 Ridgelake Drive
      Metairie, LA 70002
      Tel: (504) 837-1230
      Fax: (504) 832-0322
      Email: pgarrity@derbeslaw.com

                            About West Centro

West Centro, LLC, is primarily engaged in renting and leasing real
estate properties. It owns the real property located at 2100-2108
Franklin St., Gretna, La., valued at $2.4 million.

West Centro filed Chapter 11 petition (Bankr. E.D. La. Case No.
24-11536) on Aug. 7, 2024, with total assets of $3,362,535 and
total liabilities of $3,478,874.

Judge Meredith S. Grabill oversees the case.

The Debtor is represented by Patrick Garrity, Esq., at The Derbes
Law Firm, LLC.


WINDOW SELECT: Cannella Loses Partial Summary Judgment Bid
----------------------------------------------------------
Judge G. Michael Halfenger of the United States Bankruptcy Court
for the Eastern District of Wisconsin denied Frank Cannella, Jr.'s
motion for partial summary judgment in the adversary proceeding
captioned as Paul Swanson, Liquidating Trustee, Plaintiff, v. Frank
Cannella, Jr., as Trustee of the Frank Cannella Jr. Revocable
Living Trust dated April 17, 2012,  et al., Defendants, Adv. Proc.
No. 25-02021-gmh (Bankr. E.D. Wis.).

The plaintiff, the liquidating trustee of Window Select LLC under
the confirmed plan in the underlying chapter 11 case, filed this
adversary proceeding to avoid five prepetition transfers that
Window Select made to facilitate the purchase of residential real
estate located at 2705 Bieneman Road, Burlington, Wisconsin (the
Property) by Window Select's former principal, Justin Kiswardy,
from the Frank Cannella Jr. Revocable Trust dated April 17, 2012
(Cannella), and to recover the transferred property or its value
from Kisward or Cannella, or both. Cannella moves for partial
summary judgment, contending that the plaintiff cannot recover from
Cannella funds Window Select first transferred to Fidelity Title,
Inc., to effectuate Kiswardy's purchase of the Property because
Cannella was not the initial transferee. The plaintiff disagrees.

This adversary proceeding is part of the liquidating trustee's
recovery effort. At issue is Kiswardy's use of Window Select's
funds to purchase the Property from Cannella for a bit more than $2
million. The purchase agreement required Kiswardy to pay $150,000
in earnest money to the listing broker, Keefe Real Estate.  Window
Select satisfied this obligation by transferring $50,000 to Keefe
Real Estate on March 26, 2021, and $100,000 on April 12, 2021.

The closing was scheduled for May 21, 2021, with Fidelity Title
acting as closing agent. To facilitate the closing, Window Select
transferred a total of $680,000 to Fidelity Title by way of three
separate wires -- $150,000 on May 17, $310,000 on May 18, and
$220,000 on May 19.  In addition, on May 20, Keefe Real Estate
transferred $46,000 of the earnest money to Fidelity Title, which
represented the balance of Window Select's $150,000 deposit, less
Keefe Real Estate's broker commission.  Thus, at closing, Fidelity
Title held $726,000 in funds that originally came from Window
Select. To complete the purchase, Kiswardy (through Window Select)
borrowed an additional $1.254 million from Greenwood's State Bank.
A day or two before the closing, on May 19 or 20, Fidelity Title
signed and returned a letter agreement prepared by Kiswardy's real
estate counsel. Kiswardy's counsel emailed Fidelity Title on May 21
authorizing it to disburse the funds in accordance with the closing
statement. Fidelity Title then disbursed funds it was holding,
including the $726,000 at issue, to Cannella.

Cannella's request for partial summary judgment turns on whether he
was the initial transferee of Window Select's $726,000 that
Kiswardy used to purchase the Property. Cannella asks the Court to
determine that he was not, arguing that Kiswardy was the initial
transferee because he was the first person to have dominion over
the funds after Window Select. The plaintiff concedes that if
Kiswardy was the initial transferee, then Cannella was a subsequent
transferee, which could immunize him from any liability he might
have for the value of the transferred funds. The plaintiff asserts,
however, that Kiswardy was the entity for whose benefit the
transfers were made, Sec. 550(a), and not a transferee at all.

The question at the heart of the parties' dispute is, if not
Fidelity Title, who after Window Select was the first to exercise
dominion of Window Select's funds: Kiswardy, because the letter
agreement gave him dominion of the funds once Fidelity Title
received them, or Cannella, because the letter agreement directed
Fidelity Title to disburse the funds to Cannella upon satisfaction
of the closing conditions?

In contending that the letter agreement establishes that Kiswardy
had dominion of the $726,000 when held by Fidelity Title, Cannella
points to several provisions of the agreement:

   (1) identifies Kiswardy as the "Buyer";  
   (2) refers to the funds Fidelity Title would receive, including
the $726 thousand at issue, as "Buyer's Funds";
   (3) conditions disbursement of the funds on receipt of "written
instructions from" Kiswarsdy's counsel; and
   (4) provides that if Fidelity Title does "not receive written
direction to proceed" by the end of the next day, Fidelity Title is
to "please contact" Kiswardy's counsel "for further instructions."


Cannella contends these provisions show as a matter of law that
Kiswardy was the initial transferee of the $726,000 transferred to
Fidelity Title because he had the right to use the funds for his
own purposes and buy anything he wanted.

The Court finds the undisputed facts do not support Cannella's
suggestion that the only reasonable inference is that if Kiswardy's
real estate counsel had not sent Fidelity Title instructions to
disburse the funds in the manner required by the closing agreement,
Fidelity Title would have then followed counsel's instruction to
turn the funds over to Kiswardy for his unrestricted, personal use.
In context, the letter agreement's direction to Fidelity Title that
it should contact Kiswardy's counsel for further instruction if it
had not received disbursement authorization by the May 21, 2021
deadline reasonably suggests no more than that counsel would
instruct Fidelity Title on whether the deal  was going to close.

Judge Halfenger concludes, "Nothing in the agreement authorized
Fidelity Title to hold and disburse the funds at Kiswardy's whim.
Cannella's counterfactual, in which Kiswardy could have prevented
the closing and successfully instructed Fidelity Title to disburse
the funds to him, is not a scenario covered by the letter
agreement's terms. All the counterfactual suggests is a possible
world in which Kiswardy could have become the initial transferee if
(1) he directed Fidelity Title to disburse the funds to him and (2)
Fidelity Title did that. In the actual world, Cannella became the
initial transferee when Fidelity Title disbursed the funds to him
as required by the closing statement."

Accordingly, Cannella's motion for partial summary judgment is
withdrawn as to all transfers other than those composing the
$726,000 held by Fidelity Title and denied as to those transfers.

A copy of the Court's Opinion and Order dated October 15, 2025, is
available at https://urlcurt.com/u?l=tv0kPR from PacerMonitor.com.

                     About Window Select

Window Select, LLC, is a window installation service provider in
Menomonee Falls, Wis.

Window Select filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 23-20646) on
Feb. 17, 2023, with $100,001 to $500,000 in assets and $1,000,001
to $10 million in liabilities. Andrew Parson, chief executive
officer of Window Select, signed the petition.

Judge G. Michael Halfenger oversees the case.

Jerome R. Kerkman, Esq., at Kerkman & Dunn represents the Debtor as
counsel.



WOODBRIDGE GROUP: Court Sides With Trustee in Broker Clawback Case
------------------------------------------------------------------
Ben Zigterman of Law360 Bankruptcy Authority reports that a
Delaware bankruptcy judge ruled that an outside broker must return
nearly $60,000 in commissions to the liquidating trustee for the
Woodbridge Group of Companies, concluding the payments were made as
part of the firm's $1.3 billion Ponzi scheme. The decision
reinforces the court's stance that funds tied to fraudulent
operations are subject to recovery, even from third parties who may
have acted in good faith.

The court found that the commissions constituted avoidable
transfers under bankruptcy law, noting that the broker's lack of
awareness of the fraud did not exempt her from repayment. The
ruling adds to the trustee's ongoing efforts to reclaim proceeds
connected to the defunct real estate investment scheme, the report
states.

                     About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/--  was a
comprehensive real estate finance and development company. Its
principal business was buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owned and
operated full-service real estate brokerages, a private investment
company, and real estate lending operations. The Woodbridge Group
Enterprise and its management team had been in the business of
providing a variety of financial products for more than 35 years,
and had been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions. These transactions involved real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge filed for bankruptcy as a result of a massive,
multi-year Ponzi scheme perpetrated by Robert Shapiro between (at
least) 2012 and 2017. As part of this fraud, Shapiro, through the
Woodbridge entities, raised over one billion dollars from
approximately 10,000 investors -- as either noteholders or
unitholders.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered. Judge Kevin J. Carey presides
over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, served as the Debtors' bankruptcy counsel.

Homer Bonner Jacobs, PA, served as special counsel; Province, Inc.,
as expert consultant; and Moelis & Company LLC, as investment
banker.

The Debtors' financial advisors were Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC. Beilinson Advisory Group
served as independent management to the Debtors. Garden City Group,
LLC, served as the Debtors' claims and noticing agent.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017. Pachulski Stang Ziehl & Jones
served as counsel to the Official Committee of Unsecured Creditors;
and FTI Consulting, Inc., acted as its financial advisor.

On Jan. 23, 2018, the Court approved a settlement providing for the
formation of an ad hoc noteholder group and an ad hoc unitholder
group.

Woodbridge Group said that effective as of February 15, 2019, it
has emerged from chapter 11 bankruptcy following confirmation of
its plan of liquidation. The Plan was confirmed on Oct. 26, 2018.


YELLOW CORPORATION: To Sell Properties to Multiple Buyers
---------------------------------------------------------
Yellow Corp. and its affiliates seek permission from the U.S.
Bankruptcy Court for the District of Delaware to sell Property,
free and clear of liens, claims, interests, and encumbrances.

One week prior to the Petition Date, on July 31, 2023, the Debtors,
through their investment banker, Ducera Partners, commenced a
marketing and sale process for their extensive portfolio of Real
Property Assets.

The Debtors and their advisors, including Ducera, in consultation
with the Committee and its advisors, determined as of the First Bid
Deadline that the competitive dynamics for the Subject Properties
were insufficient to support a value-maximizing auction for the
Subject Properties at the time. Accordingly, the Subject
Properties, among other of the Debtors’ Real Property Assets,
were not made subject to the Auction held on November 28-30, 2023
(First Auction).

On October 20, 2025, the Debtors’ advisors shared advanced drafts
of the Motion and the proposed Order with the advisors to the
Committee.

The AA Venture Holdings Asset Purchase Agreement was executed on
October 2, 2025. The Rocchio Asset Purchase Agreement was executed
on October 6, 2025. The ArcBest Asset Purchase Agreement was
executed on October 17, 2025. The Triten Asset Purchase Agreement
was executed on October 20, 2025.

In August 2024, the Debtors retained CBRE Inc. as their exclusive
real estate broker for the properties comprising their Remaining
Real Estate Portfolio, including the Subject Properties.

The Debtors’ request for the relief follows intensive,
hard-fought, and good-faith negotiations with each of the
Purchasers regarding the terms and provisions of each of the
respective Asset Purchase Agreements, and follows thorough
marketing of the Subject Properties.

The Debtors believe that it is beneficial to their stakeholders and
will maximize the value of the Subject Properties to consummate the
Sale Transactions under the Asset Purchase Agreements.

The aggregate Purchase Price proceeds to be obtained by the
Debtors' estates under the Asset Purchase Agreements is
approximately $6.1 million, i.e., (1) $375,000 under the AA Venture
Holdings Asset Purchase Agreement, (2) $2,750,000 under the Rocchio
Asset Purchase Agreement, (3) $375,000 under the ArcBest Asset
Purchase Agreement, and (4) $2,600,000 under the Triten Asset
Purchase Agreement.

A description of the Assets to be sold and their respective
purchase prices from different buyers is also provided in
https://tinyurl.com/4u6f42y5

The Debtors have satisfied the requirements and holders of liens,
encumbrances or interests in the Subject Properties, if any, will
have ample notice of the Motion and the proposed Order.

The Debtors respectfully submit that entry into the Asset Purchase
Agreements is in the best interests of the Debtors' estates.

        About Yellow Corporation

Yellow Corporation -- http://www.myyellow.com/-- operates
logistics and less-than-truckload (LTL) networks in North America,
providing customers with regional, national, and
internationalshipping services throughout. Yellow's principal
office is in Nashville, Tenn., and is the holding company for a
portfolio of LTL brands including Holland, New Penn, Reddaway, and
YRC Freight, as well as the logistics company Yellow Logistics.

Yellow Corporation and 23 affiliates concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before
the Hon. Craig T. Goldblatt.  As of March 31, 2023, Yellow
Corporation had $2,152,200,000 in total assets against
$2,588,800,000 in total liabilities.  The petitions were signed by
Matthew A. Doheny as chief restructuring officer.

The Debtors tapped Kirkland & Ellis, LLP as restructuring counsel;
Pachulski Stang Ziehl & Jones, LLP as Delaware local counsel;
Kasowitz, Benson and Torres, LLP as special litigation counsel;
Goodmans, LLP as special Canadian counsel; Ducera Partners, LLC, as
investment banker; and Alvarez and Marsal as financial advisor.
Epiq Bankruptcy Solutions is the claims and noticing agent.

Milbank LLP serves as counsel to certain investment funds and
accounts managed by affiliates of Apollo Capital Management, L.P.
while White & Case, LLP and Arnold & Porter Kaye Scholer, LLP serve
as counsels to Beal Bank USA and the U.S. Department of the
Treasury, respectively.

On Aug. 16, 2023, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors in the Chapter 11 cases.
The committee tapped Akin Gump Strauss Hauer & Feld, LLP and
Benesch, Friedlander, Coplan & Aronoff, LLP as counsels; Miller
Buckfire as investment banker; and Huron Consulting Services, LLC,
as financial advisor.


[] Joshua Altman Joins Neal Gerber's Restructuring Practice
-----------------------------------------------------------
Neal Gerber Eisenberg announced that Joshua M. Altman has joined
the firm as a partner in its Restructuring & Insolvency practice
group.

Mr. Altman brings a dynamic blend of legal precision and
entrepreneurial insight to NGE. With a career spanning top-tier
firms, he has guided clients through complex restructuring matters
across the U.S. and internationally. His practice focuses on
advising financially distressed companies, boards, sponsors,
creditors, and investors on strategic options to preserve and
maximize value, whether through in-court proceedings or
out-of-court solutions.

"Josh's arrival significantly enhances our ability to guide clients
through the most challenging financial situations," said Robert G.
Gerber, Managing Partner of NGE. "His experience across industries
and jurisdictions means we can offer deeper, more strategic counsel
to clients navigating distress, investment opportunities, or
complex governance issues. He strengthens our team and positions us
to deliver even greater value to our clients."

Mr. Altman has represented clients across a wide range of
industries, including wholesale distribution, international retail,
energy, media, and technology. His work includes advising boards of
directors, independent directors, sponsors, secured creditors, and
investors through Chapter 11 cases and distressed asset
transactions.

A magna cum laude graduate of Northwestern Pritzker School of Law
and the Kellogg School of Management, Josh also holds dual
undergraduate degrees from Columbia University and The Jewish
Theological Seminary.

Mr. Altman maintains an active pro bono practice focused on
education equity and immigration, and is a member of the ADL
Midwest Board and the World Economic Forum's Global Shapers
Community.

                          About NGE

Neal Gerber Eisenberg is a leading law firm trusted by
entrepreneurs, public companies, private businesses, and their
owners to handle sophisticated legal matters. With nearly forty
years of client partnerships that span the globe, the firm delivers
personalized service and practical solutions tailored to each
client's unique needs. More than one-third of NGE attorneys are
recognized in the latest Best Lawyers in America listing, and the
firm represents numerous Fortune 100 companies as well as many of
the most respected private enterprises. NGE is also a valued
advisor to startups and growth-stage companies, offering strategic
counsel that evolves with their business.



[] LegalShield Index Shows Rise in Bankruptcy-Related Inquiries
---------------------------------------------------------------
Consumer legal stress hit its highest level in nearly five and a
half years, driven by a 17% surge in bankruptcy inquiries to
LegalShield's network of provider lawyers during the third
quarter.

The LegalShield Consumer Stress Legal Index (CSLI) rose to 71.2 in
September from 68.2 in June, up 26.3% from its December 2021
post-COVID low of 56.4. The index has climbed steadily for seven
consecutive months.

Matt Layton, LegalShield senior vice president of consumer
analytics, who analyzes consumer legal trends across more than 36
million calls dating to 2002, said the timing of the surge is
particularly concerning.

"We're seeing families hit crisis mode heading into the holiday
season," said Layton. "The question now is whether this consumer
legal stress translates into a pullback in spending in the final
quarter of 2025."

LegalShield's data comes from more than 150,000 monthly calls to
provider law firms across the country -- real actions people take
when facing financial and legal challenges, not surveys measuring
sentiment. The CSLI is a composite index built from three
subindices: Bankruptcy, Foreclosure and Consumer Finance, derived
from more than 36 million records dating to 2002.

Debt Outpaces Relief: Bankruptcy Calls Jump 17% in Q3

Bankruptcy-related inquiries jumped 17% in the third quarter and
14% year over year.

Christopher Peoples, a LegalShield provider attorney in Kansas with
Riling, Burkhead, & Nitcher, who counsels dozens of families in
financial distress each month, said the debt is no longer confined
to mortgages.

"We're seeing a spike in bankruptcy-related calls here in Kansas,"
said Peoples. "I've talked to my legal colleagues in other states
like Utah and Idaho and they're saying the same thing. People are
drowning in this economic state we're in -- so much to pay for with
prices constantly increasing and credit cards with exorbitant
interest rates, everyday Americans are running out of options.
Bankruptcy is their last lifeline."

According to the Federal Reserve, 4.4% of outstanding debt went
delinquent as of June--up 0.1 percentage point from the first
quarter. The increase came primarily from delinquent mortgages,
home equity lines of credit (HELOCs), and student loans, signaling
growing financial pressure on American households.

This trend is reflected in LegalShield's Q2 Foreclosure Index,
which jumped 13.0% quarter-over-quarter and 28.9% year-over-year.
Property data firm ATTOM reported that foreclosure filings rose 11%
in July compared to the previous month and 13% compared to July of
the prior year. August filings remained elevated, down just 1.1%
from July but up 18.1% year-over-year, indicating sustained
financial stress among homeowners.

Given that LegalShield's bankruptcy data historically leads actual
filings by two quarters, Layton predicts a difficult start to
2026.

"If the pattern holds, we're likely to see a significant spike in
actual bankruptcy filings in the first quarter of next year," said
Layton.

Broader Economic Pressures on Households:

The surge in bankruptcy-related inquiries reflects broader economic
challenges squeezing American families. Job losses, rising prices,
and high borrowing costs are creating a perfect storm of financial
pressure.

Jobs: U.S. companies eliminated 32,000 jobs in September, according
to ADP--adding to household financial anxiety as families face
reduced income.

Inflation: Prices continue climbing, with inflation reaching 2.9%
in August. As everyday costs rise, families are increasingly
turning to buy-now-pay-later loans just to cover groceries and
essentials. A recent LegalShield survey found that half of these
consumers are missing payments on these loans.

Interest Rates: While the Federal Reserve cut rates in September
for the first time since December 2024, borrowing costs remain
significantly higher than before the pandemic. This means families
already struggling with debt are getting little relief, even as
they take on more credit to make ends meet.

KEY RESEARCH FINDINGS:

Consumer Stress Legal Index (CSLI): Highest Since March 2020

-- Current Level: 71.2

-- Q2 2025: 68.2 | Q3 2024: 68.0

-- Growth: +4.4% QoQ | +4.7% YoY

-- 2025 Trend: Up 8.2% year-to-date with seven consecutive months
of increases

Bankruptcy Index: Soars 17% in Q3

-- Current Level: 37.7

-- Q2 2025: 32.1 | Q3 2024: 33.1

-- Growth: +17.4% QoQ | +13.9% YoY

-- Key Insight: Bankruptcy inquiries continue upward trend since
December 2021.

LegalShield's Bankruptcy Index historically leads actual bankruptcy
filings by two quarters.

Foreclosure Index: Decline Masks September Spike

-- Current Level: 45.8

-- Q2 2025: 46.8 | Q3 2024: 42.1

-- Growth: -2.1% QoQ | +8.8% YoY

-- Key Insight: Index eased in July and August before jumping 4
points in September to 45.8.

The Foreclosure Index closely tracks national foreclosure filing
trends.

Consumer Finance Index: Steady Pressure

-- Current Level: 108.3

-- Q2 2025: 106.4 | Q3 2024: 108.7

-- Growth: +1.8% QoQ | -0.4% YoY

-- 2025 Trend: Up 9.0% year-to-date as consumers seek legal help
with debt disputes and negotiations

Study Methodology:

LegalShield tracks an average of 150,000 monthly calls to provider
lawyers based on more than 90 areas of law. That data comprises
more than 36 million consumer requests for legal services dating to
2002. The CSLI is the flagship index reporting consumer stress,
based on three subindices: Bankruptcy, Consumer Finance, and
Foreclosure.

About the Research: LegalShield Consumer Stress Legal Index

As part of LegalShield's mission to ensure every person has equal
access to justice, the company mines its data for insights
policymakers can use to make a real, positive impact in their
decision making. The LegalShield Consumer Stress Legal Index
comprises three subindices that reflect the demand for various
legal services. LegalShield's dataset includes more than 36 million
consumer requests for legal assistance since 2002, averaging
approximately 150,000 calls received monthly. The CSLI uncovers the
daily challenges people are facing and provides actionable
intelligence to help policymakers and industry leaders bridge those
gaps. Released quarterly, view past reports on the CSLI page on
LegalShield.com.

About LegalShield:

For more than 50 years, LegalShield has provided everyday Americans
with easy and affordable access to legal advice, counsel,
protection, and representation. Serving millions, LegalShield is
one of the world's largest platforms for legal, identity, and
reputation management services protecting individuals and
businesses across North America. Founded in 1972, LegalShield, and
its privacy management product, IDShield, has provided individuals,
families, businesses, and employers with tools and services needed
to affordably live a just and secure life. Through technology and
innovation, LegalShield is disrupting the traditional legal system
and transforming how and where people receive legal guidance and
services, with access to hundreds of qualified, trusted attorneys
and law firms. LegalShield and IDShield are products of Pre-Paid
Legal Services, Inc. To learn more about LegalShield and IDShield,
visit LegalShield.com and IDShield.com.


[] Three Prominent Restructuring Lawyers Join Latham & Watkins
--------------------------------------------------------------
Latham & Watkins LLP announced that three restructuring partners --
Ryan Preston Dahl, Benjamin M. Rhode, and Natasha Hwangpo -- will
join the firm. The highly accomplished partners bring a wealth of
experience advising on complex business restructuring, bankruptcy,
and insolvency solutions, as well as cutting-edge liability
management transactions.

The additions of Dahl, Rhode, and Hwangpo follow the arrivals
earlier this year of preeminent practitioners Ray C. Schrock,
Andrew Parlen, Candace Arthur, Alexander Welch, and John
Sobolewski. The team joining the firm marks another major milestone
in Latham's development of the world's premier restructuring
practice.

The partners represent public and private companies, financial
institutions, private equity funds, portfolio companies, investors,
and creditors in US and international special situations,
out-of-court restructurings and distressed acquisitions, and
in-court chapter 11 processes through prepackaged, prearranged, and
traditional restructurings, as well as in complex liability
management exercises.

The partners' experience spans virtually every industry sector,
including healthcare, technology, automotive, logistics, retail,
media, gaming, manufacturing, professional services, food services,
and financial services.

Rich Trobman, Chair and Managing Partner of Latham & Watkins, said:
"Ryan, Ben and Natasha are incredible lawyers, and their arrival
further demonstrates our commitment to seeking out difference
makers who embrace our foundational values and commitment to
excellence. We are delighted to welcome them to the firm, as we
continue to build the absolute best restructuring team in the
world. The group's tremendous experience and personal drive
seamlessly align with our unique capabilities to advise clients on
their most sophisticated restructuring and liability management
matters, and will accelerate our growth in this space."

"Ryan is widely recognized as one of the foremost practitioners in
the field and has built a venerable restructuring practice that is
highly competitive," said Ray C. Schrock, Global Chair of Latham's
Restructuring & Special Situations Practice. "Ryan's expertise is
deep, spanning debtor, sponsor, and creditor mandates around the
globe. Ben and Natasha likewise have earned stellar reputations for
their significant experience, market profile, and client
relationships. Our preeminent practice continues to grow and is
sought after for consequential debtor- and creditor-side matters
across industries, and the arrival of Ryan, Ben, and Natasha
underscores our commitment to building the world's number one
restructuring and liability management practice, now and for years
to come."

"Ryan, Ben, and Natasha are outstanding additions to our team, and
their mix of expertise is a perfect fit for our restructuring and
liability management practices," said Andrew Parlen, US Chair of
Latham's Restructuring & Special Situations Practice. "These
talented restructuring partners share our commitment to client
service and fierce determination to succeed."

Marc Jaffe, Managing Partner of Latham's New York office, said:
"I'm thrilled to welcome Ryan, Ben, and Natasha to the firm. They
bring extensive relationships with major public and private
companies, sponsors, investors, and creditors, and they are well
known for their commercial savvy, technical mastery, and formidable
track record. We are particularly excited about the synergy between
their experience and our market-leading private equity, private
credit, hybrid capital, and liability management capabilities, as
well as our broad public company practice."

"These three partners are incredibly experienced in high-stakes
matters and advise on the issues top of mind for boards and
executives," said Mary Rose Alexander, Managing Partner of Latham's
Chicago office. "We are the only firm with true breadth and depth
across products and markets to handle today's most cutting-edge
restructuring matters. Ryan, Ben, and Natasha bring additional
firepower to our platform in Chicago, New York, and globally, and
I'm pleased to welcome them to the firm."

Dahl will join Latham in New York and Chicago. He received his JD
from The University of Chicago Law School and BA from University of
North Carolina at Chapel Hill. Rhode will join the Chicago office.
He received his JD from Cornell Law School and BS from Clarkson
University. Hwangpo will join the New York office. She received her
JD from Columbia Law School, MSc from The London School of
Economics & Political Science, and BA from University of
California, Berkeley.

About Latham & Watkins (lw.com)

Latham & Watkins delivers innovative solutions to complex legal and
business challenges around the world. From a global platform, our
lawyers advise clients on market-shaping transactions, high-stakes
litigation and trials, and sophisticated regulatory matters. Latham
is one of the world's largest providers of pro bono services,
steadfastly supports initiatives designed to advance diversity
within the firm and the legal profession, and is committed to
exploring and promoting environmental sustainability.

Latham & Watkins operates worldwide as a limited liability
partnership organized under the laws of the State of Delaware (USA)
with affiliated limited liability partnerships conducting the
practice in France, Hong Kong, Italy, Singapore, and the United
Kingdom and as an affiliated partnership conducting the practice in
Japan. Latham & Watkins operates in Israel through a limited
liability company, in South Korea as a Foreign Legal Consultant
Office, and in Saudi Arabia through a limited liability company.

Contacts:

   -- Rich Trobman, Chair and Managing Partner, (212) 906-1200
   -- Marc Jaffe, New York Office Managing Partner, (212) 906-1281
   -- Ray C. Schrock, Global Chair, Restructuring & Special
Situations Practice, (212) 906-1285
   -- Andrew Parlen, US Chair, Restructuring & Special Situations
Practice, (212) 906-1296
   -- Mary Rose Alexander, Chicago Office Managing Partner, (312)
876-7672


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
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then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2025.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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