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251209.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, December 9, 2025, Vol. 29, No. 342 Headlines 229 BROADHOLLOW: Voluntary Chapter 11 Case Summary 23ANDME HOLDINGS: Court Confirms Modified Fifth Amended Ch.11 Plan 25 MY RENTCO: Hires Tarter Krinsky as Bankruptcy Counsel 26 SADDLEBROOK: Seeks Chapter 7 Bankruptcy in New York 351 NORTH HIGHLAND: Voluntary Chapter 11 Case Summary 407 SMILEY: Seeks to Hire Gordon Law Firm as Bankruptcy Counsel 5 TUNN HAVRE: Voluntary Chapter 11 Case Summary 7481 CAMPO: Seeks Court OK to Use Cash Collateral 904 X 4: Hires Law Offices of Mickler & Mickler LLP as Attorney ACT GLOBAL: Tiger Group Auctions Plant Assets via ABC Proceedings ADELAIDA CELLARS: Updates Unsecured Claims Pay; Files Amended Plan AEROFAB INDUSTRIES: Unsecureds to Split $15K in Joint Plan ALL 4 HIM: Cash Collateral Hearing Set for Feb. 24 ALLEN & SONS: Seeks Chapter 11 Bankruptcy in Tennessee ALTA LOMA: Seeks $1.295MM DIP Loan From 364 Capital ALTICE USA: Seeks Copy of Cooperation Pact from Creditors AMERICAN AGAPE: S&P Affirms 'CCC+' Rating on 2015A/B Revenue Bonds AMERICAN SIGNATURE: Taps Verita Global as Claims and Noticing Agent ANDERSON AGRI: Seeks Chapter 11 Bankruptcy in Washington ANESIS CENTER: Seeks Chapter 11 Bankruptcy in Wisconsin APPERSON CRUMP: Seeks Chapter 11 Bankruptcy in Tennessee APPLE TREE: Hires Michael Best & Friedrich as Counsel AQUA METALS: Continues ATM Program with Benchmark Under New S-3 AQUA SPAS: Court OKs Deal to Use Cash Collateral Until Jan. 6 ASCOT RESOURCES: Warns of CCAA Filing as $150M Rescue Deal Stalls AUSTIN MINERALS: Seeks Chapter 7 Bankruptcy in Texas AUTOKINITON US: S&P Assigns 'B' Rating on $1,135MM Term Loan B AZ GROVES: Seeks to Hire Ellett Law Offices PC as Counsel BALERNO CASTLE: Hires JBV Law Firm as Special Counsel BARMASTERS LLC: Andrew Layden Named Subchapter V Trustee BEACON LIGHT: Greta Brouphy Named Subchapter V Trustee BELLAVIVA AT WHISPERING: Seeks $750,000 DIP Loan From DHC BEST OF TASTE: Seeks to Hire Parker Schwartz as Bankruptcy Counsel BEYOND MANAGEMENT: Unsecureds Will Get 1.78% of Claims in Plan BEYOND STONE: Voluntary Chapter 11 Case Summary BH DOWNTOWN: Hires AppraisalFirst as Real Estate Expert BIG BRUNOS: L. Todd Budgen Named Subchapter V Trustee BISCUIT BAR: Gets Final OK to Use Cash Collateral BOXLIGHT CORP: Whitehawk Grants Forbearance on $32.2MM Debt BROADBAND TELECOM: Gets Final OK to Use Cash Collateral BUDDY MAC: Case Summary & 30 Largest Unsecured Creditors C.R.I. DEVELOPMENT: Seeks Chapter 7 Bankruptcy in Illinois CANYON CREEK: Seeks to Hire Allen Vellone Wolf Helfrich as Counsel CAPRI HOLDINGS: S&P Affirms 'BB' ICR, Outlook Negative CAPTAIN BLIGH'S: Hires Blanchard Law P.A. as Counsel CASPER INC: Seeks to Hire David Freydin PC as Bankruptcy Counsel CENTER CITY HEALTHCARE: Claims to be Paid From Sale Proceeds CENTRAL JUNCTION: Seeks to Hire JDR Auction as Auctioneer CHOICE ELECTRIC: Seeks Subchapter V Bankruptcy in Colorado CHRISTOS FARM: Case Summary & 10 Unsecured Creditors CITY ON A HILL: Seeks Chapter 11 Bankruptcy in Wisconsin CLEAN ENERGY: Issues 2.28MM Shares on Note Conversions, Warrants CLEARSIDE BIOMEDICAL: Hires Epiq as Claims and Noticing Agent CLEVELAND AVENUE: Hires Statman Harris LLC as Attorney COUTURE INVESTMENTS: Seeks to Hire Riggi law Firm as Counsel COW CREEK: Seeks to Hire BFMW Group PLLC as Accountant COW CREEK: Seeks to Hire Newman & Newman as Counsel CREATIVE BUILD: June 3 Governmental Claims Bar Date CROCKETT OPERATING: Seeks Chapter 11 Bankruptcy in Texas CRS SERVICES: Gets Interim OK to Use Cash Collateral DAN LEPORE & SONS: Hires Asterion Inc. as Financial Advisor DARKPULSE INC: Secures Uplisting to OTCQB Venture Market DAYTONA THUNDER: Case Summary & Two Unsecured Creditors DEL MONTE: Continues to Search for Buyer in Chapter 11 DIESEL DEVELOPMENT: Hires Castle Rock Tax Services as Accountant DIOCESE OF SANTA ROSA: Hires Kronenberg Law as Litigation Counsel DIOCESE OF SANTA ROSA: Hires Taylor Anderson as Litigation Counsel DIOCESE OF SANTA ROSA: Taps Shapiro Galvin as Special Counsel DOLPHIN SHORES: Seeks to Hire Cheek Legal as Bankruptcy Counsel EL SABOR: Gets Interim OK to Use Cash Collateral EMORY INDUSTRIAL: Hires Walentine O'Toole as Special Counsel EMPIRE TRIMODAL: Hires Johnson Legal Services as Legal Counsel ENCOMPASS 53: Hires Michael Best & Friedrich LLP as Legal Counsel ENERGY FOCUS: Raises $1.2 Million in Private Placement ENGINEERS OF TOMORROW: May 30 Governmental Claims Bar Date ENNIS I-45: Gets Final OK to Use Cash Collateral EPONA HOLDINGS: Seeks Chapter 11 Bankruptcy in California EXPERT INC: Amy Denton Mayer Named Subchapter V Trustee EXPERT INC: Section 341(a) Meeting of Creditors on December 22 F-STAR SOCORRO: Seeks to Hire O'Melveny & Myers LLP as Counsel F-STAR SOCORRO: Seeks to Hire Ordinary Course Professionals F-STAR SOCORRO: Taps Lance Miller of Pivot Management Group as CRO FAIRFIELD WILLIAMSBURG: Case Summary & 23 Top Unsecured Creditors FAIRFIELD WILLIAMSBURG: Seeks Chapter 11 Bankruptcy in Virginia FAN SZECHUAN: Seeks Chapter 11 Bankruptcy in New York FISHER'S FUEL: Voluntary Chapter 11 Case Summary FLUENT INC: Replaces SLR Credit Facility with $30MM Bay View Deal GBI SERVICES: Hires Epiq Corporate as Claims and Noticing Agent GIAPREET LLC: Seeks Chapter 11 Bankruptcy w/ $35MM Debt GRACE BAPTIST: Seeks Approval to Hire RE-MMAP Inc. as Accountant HANSEN-MUELLER CO: Court Okays Asset Sale After Deal with Creditors HIGHLANDS AT STONEGATE: Hires Kutner Brinen as Counsel HIGHLANDS AT STONEGATE: Joli Lofstedt Named Subchapter V Trustee HIGHLANDS AT STONEGATE: Sec. 341(a) Meeting of Creditors on Jan. 5 HOTEL ONE: Taps Fisher Auction/HREC Investment as Brokers HUDSON 1701/1706: Hires Chipman Brown Cicero as Bankruptcy Counsel HUDSON 1701/1706: Hires DLA Piper LLP (US) as Special Counsel HUDSON 1701/1706: Hires Verita Global as Administrative Advisor HUDSON 1701/1706: Seeks to Hire FTI Consulting to Provide CRO/CTO HUDSON VALLEY: Seeks to Hire Genova Malin & Trier LLP as Counsel INDEPENDENT MEDEQUIP: Hires GGG Partners as Financial Advisor INSULATION COATINGS: Hires CIA Industrial LLC as Auctioneer IQSTEL INC: Declares $500K Special Stock Dividend, Payable Dec. 30 JASMINE HOMES: Seeks Chapter 11 Bankruptcy in Pennsylvania JIC CONTRACTING: Richard Furtek Named Subchapter V Trustee JMKA LLC: Unsecured Creditors to Split $10,800 over 84 Months K&D INDUSTRIES: Hires Morrison-Tenenbaum as Bankruptcy Counsel K&W HOLDINGS: Seeks Chapter 7 Bankruptcy in Texas LAKAY CONSTRUCTIONS: Case Summary & Two Unsecured Creditors LANGSTON CARVER: Hires Hirschler Fleischer as Bankruptcy Counsel LIFT-CO EQUIPMENT: Case Summary & Three Unsecured Creditors LITTLE MIKE'S: Seeks Chapter 11 Bankruptcy in Michigan LM FINLEY: Seeks Chapter 11 Bankruptcy in Illinois LODGE ASSISTED: Hires Michael Best & Friedrich as Counsel LUGANO DIAMONDS: Hires Armory Securities as Investment Banker LUGANO DIAMONDS: Hires Barnes as Special Counsel to Special Panel LUGANO DIAMONDS: Hires Keller Benvenutti as Bankruptcy Counsel LUGANO DIAMONDS: Hires Mr. Issa of GlassRatner Advisory as CRO LUGANO DIAMONDS: Hires Omni Agent as Administrative Agent LUGANO DIAMONDS: Hires Young Conaway Stargatt as Co-Counsel MACHIKO MANAGEMENT: Seeks $850,000 DIP Loan From LTV MAVERICK HOLDCO: S&P Withdraws 'B-' Issuer Credit Rating MCCAMMONS IRISH: Case Summary & 20 Largest Unsecured Creditors MCHUGH JUNK: James LaMontagne Named Subchapter V Trustee MDNHVN LLC: Seeks Chapter 7 Bankruptcy in California MEADOWPOOL PROPERTIES: Case Summary & Five Unsecured Creditors MENDEZ BROTHERS: Seeks Chapter 7 Bankruptcy in Washington MICROTEL JOE: Seeks Chapter 7 Bankruptcy in Georgia MIM LANDSCAPE: Gets Interim OK to Use Cash Collateral MOTEL 6 DELK: Seeks Chapter 7 Bankruptcy in Georgia MOUSEROAR LLC: Hires Duane Morris LLP as Special Counsel N & S HOSPITALITY: Gets Interim OK to Use Cash Collateral NAUTICAL IMPORTS: Case Summary & Three Unsecured Creditors NAVELLIER & ASSOCIATES: Hires Omni Agent Solutions as Claims Agent NELLIS CAB: Case Summary & 20 Largest Unsecured Creditors NEWTEKONE INC: Launches Exchange Offer for 5.50% 2026 Notes NORTH SHORE: Seeks Chapter 11 Bankruptcy in California NUMERICAL CONCEPTS: Hires Allies Commercial Realty as Broker OB LLC: Seeks Approval to Hire VerStandig Law Firm as Counsel PLEW PROPERTIES: Voluntary Chapter 11 Case Summary PREDICTIVE ONCOLOGY: Nasdaq Confirms Compliance with Equity Rule PRO QUIP: Seeks Approval to Hire Brito PLLC as Special Counsel PROSPECT MEDICAL: No Patient Care Concerns, 5th PCO Report Says R.W. SIDLEY: Hires McDonald Hopkins as Pension Termination Counsel RAZPAAD CORPORATION: Seeks Chapter 7 Bankruptcy in New York REENVISION AESTHETICS: No Staffing Challenges, 4th PCO Report Says REENVISION AESTHETICS: No Supply Concerns, 3rd PCO Report Says RENHURST HOLDINGS: Seeks to Hire PetroVal Inc. as Appraiser RLG HOLDINGS: S&P Downgrades ICR to 'CCC+', Outlook Negative RMS CARRIERS: Gets Final OK to Use Cash Collateral ROYAL HELIUM: North American Takes 56% Stake After CCAA Exit S & L TRUCKING: Hires Law Offices of Geno and Steiskal as Counsel SAFE & GREEN: Raises $4MM via Series C Preferred Stock Offering SAFE HANDS ADULT: Seeks Chapter 7 Bankruptcy in Virginia SECOND STREET: Gets Interim OK to Use Cash Collateral SERRA GAUCHA: Seeks to Hire Barski Law Firm as Bankruptcy Counsel SKYLINE TOWER: Holly Miller Named Subchapter V Trustee SMT TRUCKING: Seeks Chapter 11 Bankruptcy in North Carolina SOLANGE AT NORTH: Hires Michael Best & Friedrich as Counsel SOLUSCIENCE INC: Jonathan Dickey Named Subchapter V Trustee SOUND VISION: Gets Interim OK to Use Cash Collateral SOUTHERN EXPRESS: Unsecureds to Split $250K over 5 Years SPEAR SECURITY: Taps William G. Haeberle CPA as Accountant SPIRIT AIRLINES: Seeks to Reject Leases on 11 More A320 Jets SPIRIT AVIATION: Examiner Hires Glenn Agre as Counsel SPIRIT AVIATION: Examiner Hires M3 Advisory as Financial Advisor SPIRITRUST LUTHERAN: Taps Cunningham Chernicoff as Legal Counsel SPX FLOW: S&P Places 'B' ICR on Watch Pos. on Acquisition by ITT ST. CHRISTOPHER'S: Plans to Liquidate Remaining Assets STAGGEMEYER STAVE: Gets Final OK to Use Cash Collateral STEPHAN CO: Section 341(a) Meeting of Creditors on December 29 STUDIO 6 DELK: Seeks Chapter 7 Bankruptcy Georgia SVANGVITAYA LLC: Seeks Chapter 11 Bankruptcy in California T DEEZ CAR: Chris Quinn Named Subchapter V Trustee T.E. ADAMS: Seeks Chapter 7 Bankruptcy in California TACTICAL TRAINING: Seeks to Hire Andre L. Kydala Esq. as Counsel TELUS CORP: S&P Rates New Fixed-To-Fixed Rate Sub Notes 'BB' TEZCAT LLC: Case Summary & Nine Unsecured Creditors TITAN GROUP: Seeks Continued Cash Collateral Access TRADEWORKSNW INC: Seeks Chapter 7 Bankruptcy in Washington TRANSATLANTIC BRIDGE: Case Summary & 16 Unsecured Creditors TRAVEL LODGE: Seeks Chapter 7 Bankruptcy in Georgia TREEHOUSE DEVELOPMENT: Sec. 341(a) Meeting of Creditors on Jan. 7 TRENTON BRIDGE: Case Summary & 15 Unsecured Creditors TRUE MADE: Seeks to Hire Berndt CPA as Accountant TZADIK SIOUX: Amends Plan to Include Gatoralex Claim Against TMG URBAN ONE: 92.2% of Notes Tendered in Early Exchange Offer Results US MAGNESIUM: Hires Stretto as Administrative Advisor VP DIRECT: Seeks to Hire David Freydin PC as Bankruptcy Counsel VSM PROPERTIES: Seeks to Hire Wallace Real Estate as Realtor VSM PROPERTIES: Seeks to Hire Wallace Real Estate as Realtor WATCHTOWER FIREARMS: Creditors to Get Proceeds From Liquidation WINDTREE THERAPEUTICS: Issues $857K Convertible Notes for CommLoan WOLFSPEED INC: Gets $698.6MM Refund from IRS as It Exits Ch. 11 ZION & ZION: Case Summary & 20 Largest Unsecured Creditors [] November Commercial Ch.11 Filings Up 20% YoY [] SEDA Expands Bankruptcy Practice With David Sabath ********* 229 BROADHOLLOW: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: 229 Broadhollow Realty LLC 229 Broadhollow Road Farmingdale, NY 11735 Business Description: 229 Broadhollow Realty LLC owns and operates the commercial property located at 229 Broadhollow Road in Farmingdale, New York, which has an estimated market value of about $7.5 million. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court Eastern District of New York Case No.: 25-74655 Judge: Hon. Sheryl P Giugliano Debtor's Counsel: Marc A. Pergament, Esq. WEINBERG, GROSS & PARGAMENT LLP 400 Garden City Plaza Suite 309 Garden City, NY 11530 Tel: (516) 877-2424 Fax: (516) 877-2460 Email: mpargament@wgplaw.com Total Assets: $7,505,209 Total Liabilities: $7,166,000 The petition was signed by Amardeep Singh as member. 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/AOYBRLQ/229_Broadhollow_Realty_LLC__nyebke-25-74655__0001.0.pdf?mcid=tGE4TAMA 23ANDME HOLDINGS: Court Confirms Modified Fifth Amended Ch.11 Plan ------------------------------------------------------------------ Chrome Holding Co. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on November 28, 2025, the Debtors filed the Modified Fifth Amended Joint Plan of Chrome Holding Co. and its Debtor Affiliates. On December 1, 2025, the Court entered an order confirming the Plan. As of December 1, 2025, the Company had 25,489,590 shares of Class A common stock, $0.0001 par value per share, and 2,110,250 shares of Class B common stock, $0.0001 par value per share, issued and outstanding. On the Effective Date, and in accordance with the Plan, all outstanding shares of Common Stock of the Company (including shares of Common Stock issuable under equity awards granted under the Company's equity incentive plans) will be canceled and discharged. Holders of such Common Stock will be treated as members of Class 12 under the Plan. Each Holder of an Allowed HoldCo Interest(s) will be entitled to receive a portion of the Class B Plan Administration Trust Interests on account of such Allowed HoldCo Interest(s)... on or around the Effective Date, in accordance with the Plan. Class 1 – Other Secured Claims Each Holder of an Allowed Other Secured Claim will receive, in full and final satisfaction, settlement, release, and discharge of and in exchange for its Claim, at the option of the Debtors or the Plan Administrator, as applicable: * payment in full in Cash of such Holder's Allowed Other Secured Claim; * delivery of the collateral securing such Holder's Allowed Other Secured Claim; or * such other treatment rendering such Holder's Allowed Other Secured Claim Unimpaired in accordance with section 1124 of the Bankruptcy Code. Class 2 – Other Priority Claims Each Holder of an Allowed Other Priority Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim, payment in full in Cash or such other treatment in a manner consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code on the following terms: (i) if such Allowed Other Priority Claim is Allowed as of the Effective Date, the Effective Date or as soon thereafter as reasonably practicable (or, if payment is not then due, the date such Allowed Other Priority Claim becomes due and payable, or as soon thereafter as reasonably practicable); and (ii) if such Allowed Other Priority Claim is not Allowed as of the Effective Date, the date such Other Priority Claim is Allowed or as soon thereafter as reasonably practicable. Allowed Other Priority Claims that arise in the ordinary course of the Debtors' business and which are not due and payable on or before the Effective Date will be paid in the ordinary course of business in accordance with the terms thereof. Class 3 – U.S. Data Breach Class Settlement Claims Each Holder of an Allowed U.S. Data Breach Class Settlement Claim, will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim: * If the U.S. Data Breach Class Settlement Agreement is approved by the Bankruptcy Court on a final basis, their portion of the U.S. Data Breach Class Settlement Fund as set forth in the U.S. Data Breach Settlement Class Benefits Plan, and any such U.S. Data Breach Class Settlement Claims shall be disallowed after entry of an Order approving the U.S. Data Breach Class Settlement on a final basis; or * If the U.S. Data Breach Class Settlement Agreement is not approved by the Bankruptcy Court on a final basis, all Holders of Allowed U.S. Data Breach Class Settlement Claims will receive the same treatment as Holders of Allowed Chrome Other General Unsecured Claims. Class 4 – U.S. Data Breach Arbitration Settlement Group Claims Each Holder of an Allowed U.S. Data Breach Arbitration Represented Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim: * If the U.S. Data Breach Arbitration Settlement is approved prior to the Effective Date and the U.S. Data Breach Arbitration Settlement Agreement Funding Obligation Condition is satisfied, (x) the Claims of Holders of U.S. Data Breach Arbitration Represented Claims shall automatically and without any further action by the Debtors or the Plan Administration Trust be finally and fully satisfied, compromised, settled, released, and disallowed pursuant to the U.S. Data Breach Arbitration Settlement Order as of the Effective Date, Class 4 shall constitute a vacant Class, all votes submitted by Holders of U.S. Data Breach Arbitration Represented Claims through Law Firm Master Ballots shall be disregarded, and such Holders shall not receive a distribution under the Plan but shall receive the payment contemplated by the U.S. Data Breach Arbitration Settlement Agreement and may enforce the terms of that agreement as necessary, and (y) notwithstanding anything to the contrary on the ballots submitted by U.S. Data Breach Arbitration Represented Claimants (through Law Firm Master Ballots), the U.S. Data Breach Arbitration Represented Claimants shall be deemed not to opt out of the Third-Party Release; or * If the U.S. Data Breach Arbitration Settlement is not approved prior to the Effective Date, (x) Holders of Allowed U.S. Data Breach Arbitration Represented Claims shall receive the same treatment as Holders of Allowed Chrome Other General Unsecured Claims, (y) notwithstanding anything to the contrary on the ballots submitted by U.S. Data Breach Arbitration Represented Claimants (through Law Firm Master Ballots), U.S. Data Breach Arbitration Represented Claimants shall be deemed to opt out of the Third-Party Release, and (z) the U.S. Data Breach Arbitration Settlement Parties' rights under the Prepetition U.S. Data Breach Arbitration Settlement Agreement are preserved in accordance with the Prepetition U.S. Data Breach Arbitration Settlement Assumption Order and the Claims Reconciliation Procedures Order. * For the avoidance of doubt, any Holder of a U.S. Data Breach Arbitration Non-Settling Claim shall be deemed a Holder of a Class 7 Chrome Other General Unsecured Claim for purposes of allowance and distribution and will be subject to the Claims Reconciliation Procedures. The rights of the Debtors and Holders of U.S. Data Breach Arbitration Non-Settling Claims who are parties to the Prepetition U.S. Data Breach Arbitration Settlement Agreement are preserved in accordance with the Prepetition U.S. Data Breach Arbitration Settlement Agreement Assumption Order and the Claims Reconciliation Procedures Order, as applicable. Class 5 – Canadian Data Breach Class Settlement Claims Each Holder of an Allowed Canadian Data Breach Settlement Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim: * If the Canadian Data Breach Class Settlement Agreement is approved by the Bankruptcy Court on a final basis, their portion of the Canadian Data Breach Class Settlement Fund as set forth in the Canadian Data Breach Settlement Class Benefits Plan, and any such Canadian Data Breach Class Settlement Claims shall be disallowed after entry of an Order approving the Canadian Data Breach Class Settlement on a final basis; or * If the Canadian Data Breach Class Settlement Agreement is not approved by the Bankruptcy Court on a final basis, all Holders of Allowed Canadian Data Breach Class Settlement Claims will receive the same treatment as Holders of Allowed Chrome Other General Unsecured Claims. Class 6 – Chrome Commercial Claims Each Holder of an Allowed Chrome Commercial Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim, a Pro Rata portion of Class A-1 Plan Administration Trust Interests. Class 7 – Chrome Other General Unsecured Claims Each Holder of an Allowed Chrome Other General Unsecured Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim, a Pro Rata portion of the Class A-2 Plan Administration Trust Interests. Class 8 – Lemonaid Commercial Claims Each Holder of an Allowed Lemonaid Commercial Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim, a Pro Rata portion of the Class A-3 Plan Administration Trust Interests. Class 9 – Lemonaid Other General Unsecured Claims Each Holder of an Allowed Lemonaid Other General Unsecured Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim, a Pro Rata portion of the Class A-4 Plan Administration Trust Interests. Class 10 – Intercompany Claims On the Effective Date, Intercompany Claims may be Reinstated as of the Effective Date solely for the purpose of facilitating the Wind-Down Transactions or, at the Debtors' option, be cancelled, released, and extinguished without any distribution on account of such Claims. Class 11 - Intercompany Interests On the Effective Date, all Intercompany Interests may be Reinstated as of the Effective Date solely for the purpose of facilitating the Wind-Down Transactions or, at the Debtors' option, may be cancelled, released, and extinguished, without any distribution on account of such Interest. Class 12 – HoldCo Interests Each Holder of an Allowed HoldCo Interest will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Interest, a portion of the Class B Plan Administration Trust Interests, as set forth in the Plan Administration Trust Agreement. Class 13 – GUC Subordinated Claims Each Holder of an Allowed GUC Subordinated Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim, a Pro Rata portion of the Class A-5 Plan Administration Trust Interests. Class 14 – Pixel Class Settlement Claims Each Holder of an Allowed Pixel Class Settlement Claim will receive, in full and final satisfaction, compromise, settlement, and release of, and in exchange for its Claim: * If the Pixel Class Settlement Agreement is approved by the Bankruptcy Court on a final basis, their portion of the Pixel Class Settlement Fund as set forth in the Pixel Settlement Class Benefits Plan, and any such Pixel Class Settlement Claims shall be disallowed after entry of an Order approving the Pixel Class Settlement on a final basis; or * If the Pixel Class Settlement Agreement is not approved by the Bankruptcy Court on a final basis, all Holders of Allowed Pixel Class Settlement Claims will receive the same treatment as Holders of Allowed Lemonaid Other General Unsecured Claims. A full-text copy of the Confirmation Order, with a copy of the Plan as confirmed attached thereto, is available https://tinyurl.com/58pdkp9r. About 23andMe Holding Co. 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Morgan, Lewis & Bockius, LLP and Carmody MacDonald, PC serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 25 MY RENTCO: Hires Tarter Krinsky as Bankruptcy Counsel -------------------------------------------------------- 25 My RentCo LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Tarter Krinsky & Drogin LLP as general bankruptcy counsel. Tarter Krinsky & Drogin LLP as its general bankruptcy counsel. The firm will render these services: (a) give advice to the Debtor with respect to its powers and duties as a debtor-in-possession in the continued operation of its business and management of its property; (b) negotiate with the Debtor's creditors in working out a plan of reorganization, and to take necessary legal steps in order to confirm said plan of reorganization, including, if need be, negotiations in financing a plan of reorganization; (c) prepare on behalf of Applicant, as debtor-in-possession, necessary applications, answers, orders, reports and other legal papers; (d) appear before the bankruptcy judge and to protect the interests of the debtor-in-possession before the bankruptcy judge, and to represent the Debtor in all matters pending in the chapter 11 proceeding; and (e) perform all other legal services for the Debtor, as debtor-in-possession, which may be necessary. The firm will be paid at these rates: Partners $600 to $975 per hour Counsel $425 to $795 per hour Associates $425 to $575 per hour Paralegals $300 to $410 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $50,000. Scott Markowitz, Esq., a partner at Tarter Krinsky & Drogin, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Scott S. Markowitz, Esq. Rocco A. Cavaliere, Esq. Jacob B. Gabor, Esq. Tarter Krinsky & Drogin LLP 1350 Broadway, 11th Floor New York, NY 10018 Tel: (212) 216-8000 Email: smarkowitz@tarterkrinsky.com rcavaliere@tarterkrinsky.com jgabor@tarterkrinsky.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. The Company 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 LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-12280) on October 16, 2025. In its petition, the Debtor reports total assets of $11,053,987 and total liabilities of $226,243. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Scott S. Markowitz, Esq. and Jacob Gabor, Esq., at TARTER KRINSKY & DROGIN LLP. 26 SADDLEBROOK: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------------ On December 3, 2025, 26 Saddlebrook LLC filed for Chapter 7 protection in the Eastern District of New York. According to the court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About 26 Saddlebrook LLC 26 Saddlebrook LLC is single asset real estate company. 26 Saddlebrook LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-74640) on December 3, 2025. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities in the same range. The case is assigned to Honorable Bankruptcy Judge Sheryl P. Giugliano. 351 NORTH HIGHLAND: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: 351 North Highland Avenue, LLC 351 North Highland Avenue Los Angeles, CA 90036 Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court Central District of California Case No.: 25-20913 Judge: Hon. Julia W Brand Debtor's Counsel: Melvin Teitelbaum, Esq. LAW OFFICES OF MELVIN TEITELBAUM 7162 Beverly Bvd #123 Los Angeles, CA 90036 Tel: (213) 804-3001 E-mail: Melteitelbaum@earthlink.net Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Moshe Vanounou as managing member. 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/HAQKYRY/351_north_351_North_Highland_Avenue__cacbke-25-20913__0001.0.pdf?mcid=tGE4TAMA 407 SMILEY: Seeks to Hire Gordon Law Firm as Bankruptcy Counsel --------------------------------------------------------------- 407 Smiley Crossing LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ The Gordon Law Firm LLP as general bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to its powers and duties as Debtor-in-Possession and the continued management and operation of its business and assets; b. attending meetings and negotiating with representatives of creditors and other parties-in-interest and responding to creditor inquiries; c. advising the Debtor regarding its ability to initiate actions to collect and recover property for the benefit of its estate; d. advising and assisting the Debtor in connection with any potential property disposition; e. assisting the Debtor in reviewing, estimating, and resolving claims asserted against the Debtor's estate; f. negotiating and preparing on behalf of the Debtor a feasible plan of reorganization and all related documents; g. preparing necessary motions, applications, responses, orders, reports, and documents necessary for the administration of the estate; and h. performing all other bankruptcy related legal services for and providing all other legal advice to the Debtor that may be necessary and proper in this proceeding. Prior to the commencement of the Chapter 11 case, the firm received a payment from the Debtor of $100,000. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Gordon disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Stephen F. Gordon, Esq. The Gordon Law Firm LLP 57 River Street, Suite 200 Wellesley MA 02481 Tel: (617) 456-1270 E-mail: sgordon@gordinfirm.com About 407 Smiley Crossing LLC 407 Smiley Crossing LLC is a single asset real estate company. 407 Smiley Crossing LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-12486) on November 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Janet E. Bostwick handles the case. The Debtor is represented by Stephen F. Gordon, Esq. of The Gordon Law Firm LLP. 5 TUNN HAVRE: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: 5 Tunn Havre LLC 6 Verona St. Salem MA 01970 Business Description: 5 Tunn Havre LLC is a single-asset real estate company under 11 U.S.C. Section 101(51B), holding ownership of the property at 196 Havre Street, East Boston, Massachusetts 02128. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court District of Massachusetts Case No.: 25-12627 Judge: Hon. Christopher J Panos Debtor's Counsel: Andrew R. Burger, Esq. LAW OFFICES OF ANDREW R. BURGER 48 Elm Street #1 Andover MA 01810 Tel: 603-344-8955 E-mail: Andrew.ryan238@gmail.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Donato J. Dandreo III as manager of LLC. 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/TOWROTA/5_Tunn_Havre_LLC__mabke-25-12627__0001.0.pdf?mcid=tGE4TAMA 7481 CAMPO: Seeks Court OK to Use Cash Collateral ------------------------------------------------- 7481 Campo Florido, LLC asks the U.S. Bankruptcy Court for the Southern District of Florida, for authority to use cash collateral. The Debtor's cash collateral consists of post-petition rental income from its residential property located in Boca Raton, Florida. U.S. Bank Trust, the first mortgage holder, holds an assignment of rents. The Debtor previously rented the property for $7,000 per month and expects to obtain $8,800 per month after completing necessary cleaning and repairs. With no operations other than owning and renting the property, the Debtor seeks emergency authority to enter a new residential lease, collect rents, and use the proceeds pursuant to a 13-week budget and repair schedule. The proposed budget covers critical expenses such as insurance, taxes, utilities, HOA and POA assessments, maintenance, and necessary repairs. The Debtor commits to operate strictly within that budget unless the court or the lender consents otherwise. As adequate protection to U.S. Bank Trust, the Debtor offers to make monthly interest-only payments of $2,351, with an increase in adequate protection payments to include principal once the mortgage is reinstated. It also proposes to maintain insurance listing the lender as loss payee, preserve the property, and provide monthly financial reporting. A copy of the motion is available at https://urlcurt.com/u?l=oNAFvr from PacerMonitor.com. About 7481 Campo Florido LLC 7481 Campo Florido LLC is a single asset real estate company. 7481 Campo Florido sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla., Case No. 25-23958) on November 24, 2025. In its petition, the Debtor listed between $100,001 and $500,000 in assets and between $500,001 and $1 million in liabilities. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Eric D. Yankwitt, Esq. 904 X 4: Hires Law Offices of Mickler & Mickler LLP as Attorney --------------------------------------------------------------- 904 X 4, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Law Offices of Mickler & Mickler, LLP as attorney. The firm will provide general representation to the Debtor in the bankruptcy case and perform all legal services necessary. The firm will be paid at the rate of $300 to $400 per hour. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Bryan K. Mickler, Esq., a partner at Law Offices of Mickler & Mickler, LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bryan K. Mickler Law Offices of Mickler & Mickler, LLP 5452 Arlington Expressway Jacksonville, FL 322211 Tel: (904) 725-0822 Fax: (904) 725-0855 About 904 X 4, Inc. 904 X 4 Inc. is a Florida-based company that offers specialized products or services, likely focused on the automotive or retail sector. The company caters to local and regional clients, providing solutions designed to meet market demand with a focus on practical utility and service quality. 904 X 4, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla., Case No. 25-04400) on November 25, 2025. In its petition, the Debtor reports estimated assets of $100,001â€“$1,000,000 and estimated liabilities in the same range. Honorable Bankruptcy Judge Jason A. Burgess handles the case. The Debtor is represented by Bryan K. Mickle, Esq. of Mickler & Mickler. ACT GLOBAL: Tiger Group Auctions Plant Assets via ABC Proceedings ----------------------------------------------------------------- Tiger Group announced on Dec. 2, 2025, its plans to auction assets from the 210,000-square-foot Calhoun plant of a major synthetic turf maker and installer. Bidding in the timed online auction at SoldTiger.com opened on Thursday, December 4, at 10:30 a.m. (ET) and closes on Thursday, December 11, at 10:30 a.m. (ET). The plant-closing sale is an assignment for the benefit of creditors. "ACT Global Americas, Inc.'s former warehouse is full of useful machinery and equipment, rolling stock, inventory and plant support equipment," said John Coelho, Senior Director, Tiger Commercial & Industrial. "It's a strong opportunity for other artificial turf manufacturers, textile companies or just those who are looking for great bargains on assets such as trucks, tractors, tools and landscaping inventory." The company describes itself as one of the world's largest producers of artificial turf, with products that include capping systems and artificial grass geomembrane liners for landfills and artificial grass for airport ground cover as well as sports such as football, soccer, baseball, rugby, tennis and field hockey. Highlights of the December 11 auction include: MANUFACTURING & INSTALL: -- 2008 CMC half-gauge, single-feed tufter with PIV yarn drive and 365 position, two-story creel -- 2022 Zhejian Tianzhu textile machinery yarn twister (less than 5 hours of use) -- Allma/Saurer Technocorder twister -- ATI PD96 3D precision laser box grader -- (2) Jacobsen Turfco Met-R-Matic XL topdressers -- (4) model 920HDE GreensGroomer turf brushes -- (2) Hot Melt Technologies Benchmark 315 portable hot melt gluers RAW & FINISHED INVENTORY: Artificial turf manufacturers and landscapers will find more than 250,000 pounds of polyethylene (PE) yarn in assorted colors and deniers (thickness); more than 100,000 linear yards of primary backing, and more than 475,000 square feet of landscape inventory. ROLLING STOCK & FORKLIFTS: -- (30) gas and diesel Ford, Chevrolet and Dodge Ram pickups -- Open and enclosed trailers, some from as late as 2025 -- Gooseneck trailers by Texas Bragg and Load Trail -- Utility and cargo trailers by Arising, Homesteader, American Hauler and others -- (2) Kubota Tractors, L3302HST & L3301D -- Forklifts by Linde, Clark and Komatsu ranging in capacity from 5,500 to 8,000 pound, some from as late as 2022 OTHER ASSETS: Also available are a walk-behind power broom, spare creel, Lay-Mor 8' grooming broom, turf sewing machines, portable generators, laser levels, a pedestal drill press, a PVC welder, a bench grinder, paint sprayers and various powered hand tools. Plant support and office assets include a hydraulic pallet jack, ladders, hand trucks, carts, pedestal fans, a strapping cart, shop vacs, a floor jack, a parts washer, flame-proof storage cabinets, maintenance supplies, office sundries, desks, chairs, a conference table, a breakroom, file cabinets and a reception desk. For asset photos, descriptions, and other information, visit https://soldtiger.com/sales/synthetic-turf-manufacturer-and-installation-company/ Inspections are available by appointment on Wednesday, December 10, at the Calhoun plant. To arrange an inspection or obtain other information, email: auctions@tigergroup.com or call (805) 497-4999. ADELAIDA CELLARS: Updates Unsecured Claims Pay; Files Amended Plan ------------------------------------------------------------------ Adelaida Cellars, Inc., submitted a Second Amended Disclosure Statement describing Second Amended Chapter 11 Plan of Liquidation dated December 3, 2025. The Plan is a liquidation plan under which the Debtor intends to sell the Property at the same time that KMBG sells the KMBG Property, with the expectation of selling them to the same buyer in order for both sellers to maximize the value of their assets. The Debtor expects to continue its operations pending the sale. The range of value if the Property is sold as a going concern is from $3,840,000 to $6,720,000. If it is sold on a pure liquidation basis, the range of value is from $1,440,000 to $2,880,000. On the Effective Date, all of the Debtor's assets will vest in a liquidating trust and creditors holding Allowed claims will receive a pro rata beneficial interest in the Liquidating Trust equal to the amount of their Allowed claim. The Liquidating Trustee will be responsible for the continued operations of the Debtor, the liquidation of the Property, and the distribution of the net proceeds from the sale of the Property and of Cash on Hand to Holders of Allowed claims. Class 4a consists solely of the Claim of the Judgment Creditor, which is a Disputed Claim pending the outcome of the appeal and underlying litigation or other final resolution, at which time it will be Allowed in an amount consistent with the final outcome or resolution. On the Effective Date, Class 4a will be allocated its pro rata share of the Trust Beneficial Interest. Class 4a shall receive the same treatment as the holders of Class 4b Claims, except that until the Claim becomes an Allowed Class 4a Claim, its pro rata share of the Net Sale Proceeds shall be held in a segregated account until this Claim becomes an Allowed Claim. The Allowed Claim will be further reduced by any recoveries received by the Judgment Creditor from other judgment debtors. For purposes of calculating the amount to be held in reserve, the Liquidating Trust will assume that the amount of the Claim is $12,705,669. If the Allowed Class 4a Claim is less than that amount, then the excess amount in the reserve will be distributed pro rata to the Allowed Class 4a and Class 4b Claims. The Allowed amount of the Class 4a Claim will be capped at $12,705,669. Class 4b consists of the General Unsecured Claims other than the Claim of the Judgment Creditor and the Claims in Class 4c. On the Effective Date, Class 4b will be allocated its pro rata share of the Trust Beneficial Interest. Within thirty days after the sale of the Property, the holders of Allowed Class 4b Claims shall receive their pro rata share of the Net Sale Proceeds based on the amount of the Allowed Claim. The allowed unsecured claims in Class 4b total $3,343,585.59, including the Class 1 Claim of First State Trust Company of Delaware, as Trustee of the Kedrin E. Van Steenwyk Issue Trust dated August 8, 1996, as decanted September 28, 2018, if the Lien is avoided. Class 4c consists of General Unsecured Claims of $1,800 or less that do not elect to instead have their claims treated under Class 4b. On the Effective Date, the Debtor will make a cash payment equal to 90% of the Allowed Class 4c General Unsecured Claims in full and complete payment, satisfaction, settlement, release, and extinguishment of the Claims in this Class. Holders of Allowed Class 4c General Unsecured Claims shall not be entitled to any further distributions under the Plan. The allowed unsecured claims total $20,464. The Plan will be funded by a combination of cash on hand as of the Effective Date and the Net Sale Proceeds. As reflected in the Projections, Distributions to the Holders of Administrative Claims, Professional Fee Claims, Priority Tax Claims, and the Class 4c Convenience Class will be paid by the Liquidating Trust from cash on hand on the Effective Date. The Holders of Allowed Class 4a and 4b Claims will receive the Net Sale Proceeds within thirty days of the closing of the sale of the Property, which is estimated to occur between June 2026 and December 2026. The Property is estimated to have a value of between $3,840,000 and $6,720,000 million on a going concern basis. A full-text copy of the Second Amended Disclosure Statement dated December 3, 2025 is available at https://urlcurt.com/u?l=tNkFnZ from PacerMonitor.com at no charge. Adelaida Cellars, Inc. is represented by: Hamid R. Rafatjoo, Esq. RAINES FELDMAN LITTRELL LLP 1900 Avenue of the Stars, 19th Floor Los Angeles, CA 90067 Telephone: (310) 440-4100 Facsimile: (310) 691-1367 About Adelaida Cellars Adelaida Cellars, Inc. is a family-owned and operated winery in Paso Robles, Calif. Adelaida Cellars sought Chapter 11 petition (Bankr. C.D. Calif. Case No. 24-11409) on December 13, 2024, with $10 million to $50 million in both assets and liabilities. Nicholas D. Rubin, chief restructuring officer of Adelaida Cellars, signed the petition. Judge Ronald A Clifford, III oversees the case. The Debtor is represented by Hamid R. Rafatjoo, Esq., at Raines Feldman Littrell, LLP. AEROFAB INDUSTRIES: Unsecureds to Split $15K in Joint Plan ---------------------------------------------------------- Aerofab Industries, Inc. and Excell Aerofab, LLC filed with the U.S. Bankruptcy Court for the Western District of Washington a Joint Plan of Reorganization dated December 2, 2025. The Debtor was formed in 1998 and operates out of Arlington, Washington. The business specializes in the production of precision aerospace parts. Like others, the business was affected by the COVID-19 pandemic. The Debtor obtained an EIDL loan from the US Small Business Administration to assist with operating costs during the pandemic. Unfortunately, once the Debtor was in the cycle of merchant cash advance loans, it became impossible to operate without additional loans to fund operating expenses while still maintaining the high payments to the lenders. Facing mounting collection pressure, including liens sent to the Debtor's customers from one of the merchant cash advance lenders, a Petition under Chapter 11, Subchapter V was filed on September 3, 2025 (herein the "Petition Date") in an effort to reorganize the outstanding debt and to allow the Debtor to continue operating. This Plan provides for six classes of secured claims, one class of unsecured pre-petition lease arrearage, one class of general unsecured claims, and unclassified administrative and priority claims. Class 8 consists of General Unsecured Claims. The allowed unsecured claims of both Debtors will be paid a prorata share of $15,000.00. Payments will be made in the amount of $286.00 per month beginning November 20, 2026. To maximize efficiency for Class 8 claims and the Debtors, the Debtors may pay the total amount to be received under the plan to each creditor as a lump sum payment. In addition to the scheduled claims on Schedule F, this class includes the claims of: * Splash Advance as no value exists in Debtors' assets to pay the claim as a secured claim after payment to secured creditors with higher priority perfected claims. * Capital Assist as no value exists in Debtors' assets to pay the claim as a secured claim after payment to secured creditors with higher priority perfected claims. * G&G Funding as no value exists in Debtors' assets to pay the claim as a secured claim after payment to secured creditors with higher priority perfected claims. Any lien or secured interest of the parties listed will be released as of the Effective Date. The Plan will be funded with revenue from operations of Aerofab Industries, Inc. It is anticipated the Debtors' fixed expenses will remain relatively constant moving forward with variable expenses increasing proportionately with revenue. Debtors expect the income and expenses to remain consistent through the life of the Plan. A full-text copy of the Joint Plan dated December 2, 2025 is available at https://urlcurt.com/u?l=bnjydl from PacerMonitor.com at no charge. Counsel to the Debtors: Thomas D. Neeleman, Esq. Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 E-mail: jennifer@neelemanlaw.com About Aerofab Industries Inc. Aerofab Industries Inc. provides metal fabrication services, offering custom manufacturing, on-site installation, and emergency repair solutions for clients across the food, industrial, medical, and architectural sectors. The Company focuses on quality and timely delivery, supported by a management team with over 59 years of combined experience and a sales team with more than 65 years of combined experience. Aerofab Industries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-12454) on September 3, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Timothy W. Dore handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq., at Neeleman Law Group, P.C. ALL 4 HIM: Cash Collateral Hearing Set for Feb. 24 -------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Kentucky, Louisville Division, is set to hold a hearing on February 24 next year to consider another extension of All 4 Him, LLC's authority to use cash collateral. The Debtor was initially authorized to use cash collateral through December 2 under the court's November 14 interim order. On December 3, the court ordered to continue the cash collateral hearing to February 24, 2026. The November 14 interim order authorized the Debtor to use cash collateral to pay post-petition operating expenses and granted secured creditors with interests in cash collateral replacement liens on the Debtor's post-petition property and proceeds. As of the petition date, these entities had asserted interests in the Debtor's assets: the U.S. Small Business Administration, Corporation Service Company, as representative of iBusiness Funding, and First Corporate Solutions, as representative of an unidentified secured party. The Debtor obtained a loan from the SBA for $518,500 and $107,519.58 from iBusiness Funding, formerly known as FC Marketplace, LLC prior to its bankruptcy filing. About All 4 Him LLC All 4 Him LLC owns a single-family home at 131 Laurel Dr, Bardstown, KY 40004. All 4 Him LLC sought relief under Subchapter V o Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 25-32491) on October 14, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Charles R. Merrill handles the case. The Debtor is represented by Charity S. Bird, Esq., at Kaplan Johnson Abate & Bird, LLP. ALLEN & SONS: Seeks Chapter 11 Bankruptcy in Tennessee ------------------------------------------------------ On December 4, 2025, Allen & Sons Trucking Inc. filed for Chapter 11 protection in the Western District of Tennessee. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About Allen & Sons Trucking Inc. Allen & Sons Trucking Inc. is a logistics and freight provider that specializes in on-time deliveries, well-maintained vehicles, and personalized customer service, earning a trusted reputation among its clients. Allen & Sons Trucking Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-26293) on December 4, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Jennie D. Latta handles the case. The Debtor is represented by Toni Campbell Parker, Esq. of Law Office of Toni Campbell Parker. ALTA LOMA: Seeks $1.295MM DIP Loan From 364 Capital --------------------------------------------------- Alta Loma Vivative, LP asks the U.S. Bankruptcy Court for the Central District of California, Riverside Division, for authority to obtain debtor-in-possession financing to get through bankruptcy. The Debtor seeks an order to borrow up to $1,295,000 from 364 Capital, LLC, grant the lender priming liens under sections 364(d) and 364(c)(2) on all of its real and personal property except avoidance actions, and award superpriority administrative expense status, subordinated only to the fee carveout. 364 Capital will not be required to accept non-cash payment on its claims, notwithstanding section 129(a)(7) and (b)(2)(A), and the liens will not be surcharged under section 506(c). The DIP financing is due and payable 18 months from the closing of the financing. The Debtor argues that the DIP financing is urgently required because its sole asset -- a historic packinghouse located at 9456 Roberds Street in Rancho Cucamonga -- is currently occupied by Michael John Breault, principal of URME United Express Private Trust, and a failed purchaser who mistakenly believes escrow closed. Although URME had been permitted to occupy the property temporarily while a sale was pending, escrow never closed, no funds were ever deposited, and title remains solely with the Debtor. Their continued possession has obstructed access to the property, prevented contractors from mobilizing, and deterred lenders from providing capital needed to rehabilitate and secure the asset. The City of Rancho Cucamonga has already approved the rehabilitation work, and contractors are prepared to begin immediately upon DIP funding. Alta Loma filed for Chapter 11 on September 22 to obtain court-supervised financing after three years of unsuccessful attempts to secure new funding from both conventional and non-conventional lenders, including Mortgage Vintage/Equity Trust (the senior lienholder), SNDVL LLC, the Hawks Trust junior lienholder, and several specialty lenders. Pre-petition borrowing efforts continued for 18 months with the assistance of a loan broker, Kevin Cook, who solicited proposals from numerous potential lenders such as Verus Capital and SNDVL, as well as through additional underwriting processes, but none resulted in firm commitments. Post-petition overtures to existing lienholders and private lenders similarly failed, and all indications demonstrated that no lender was willing to extend unsecured or junior-secured credit due to the distressed condition of the property, URME's presence, the absence of revenue, and the need for immediate capital improvements. As of the petition date, the Debtor has no cash reserves and no operating income. The property is burdened by several pre-petition liens: (i) a $2.25 million deed of trust now held by the foreclosing lender (which recorded a notice of default in January 2025 and a notice of trustee's sale in May 2025); (ii) a $50,000 deed of trust in favor of SNDVL LLC; (iii) a $275,000 deed of trust held by the Hawks Trust (partly used to fund the Debtor's pre-petition bankruptcy retainer); (iv) a $256,900 mechanic's lien; and (v) approximately $25,000 in unpaid property taxes owed to San Bernardino County. None of these creditors has yet filed a proof of claim. The DIP loan would prime all of these liens, which the Debtor contends is permissible because each creditor is adequately protected by a substantial equity cushion. The Debtor supports this assertion with evidence from a May 21 appraisal valuing the property at $7.92 million. The Debtor has requested an updated appraisal, and preliminary comments from the appraiser indicate that the value has not materially changed. The Debtor argues that under Ninth Circuit authority, an equity cushion of approximately 20% or more is generally considered sufficient adequate protection for purposes of approving priming liens under section 364(d). Here, even after accounting for the DIP loan, the Debtor maintains that the property's equity is more than adequate to protect all existing secured creditors. The Debtor further asserts that its plan to complete the renovation and restore the property as an event venue and taproom is the most viable means to preserve and maximize value, estimating that a fully rehabilitated and income-producing project could exceed $12 million in value. DIP proceeds will be used to pay critical Chapter 11 expenses including U.S. Trustee fees, professional fees, and administrative costs to cure property tax arrearages, and to fund the general contractor, engineers, and subcontractors necessary to secure the building, remove the squatters, and resume construction. A detailed line-item DIP budget outlines expected expenditures during the case. A court hearing is set for January 8, 2026. A copy of the motion is available at https://urlcurt.com/u?l=HkI0Yx from PacerMonitor.com. 364 Capital, as DIP lender, can be reached through: Renzo Renzi 364 Capital, LLC 1675 S. State Street, Suite B Dover, DE 19901 About Alta Loma Vivative LP Alta Loma Vivative, LP, doing business as Alta Loma Packing House, owns a commercial property at 9456 Roberds Street in Rancho Cucamonga, California, valued at $7.92 million. The building, originally constructed in 1926 as a citrus packing facility, is located in the Alta Loma community along the Pacific Electric Trail. The property is being repositioned for use as a brewery and taproom destination. Alta Loma Vivative sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-16799) on September 22, 2025, listing $7,925,000 in assets and $3,511,700 in liabilities. Guillermo A. Romero, president of Vivative Ventures Inc., the Debtor's general partner, signed the petition. Judge Scott H Yun oversees the case. W. Derek May, Esq., at the Law Office of W. Derek May, represents the Debtor as bankruptcy counsel. ALTICE USA: Seeks Copy of Cooperation Pact from Creditors --------------------------------------------------------- Irene García Perez of Bloomberg News reports that Altice International has requested that a group of secured creditors provide a copy of the cooperation agreement that requires them to act collectively in negotiations, according to a letter reviewed by Bloomberg. The company made the request before initiating any potential discussions on restructuring its balance sheet. Since such agreements bar individual lenders from negotiating directly with the company, Altice International said it needs to review the pact to understand "the nature of any future engagement" between the parties. The company also asked for the identities of all members of the secured creditor group and clarification on whether a steering committee exists. About Altice USA Inc. Altice USA, Inc. is an American cable television provider. Effective November 7, 2025, the Company will change its corporate name to Optimum Communications, Inc., pursuant to a Certificate of Amendment to the Company's Fourth Amended and Restated Certificate of Incorporation filed with the Delaware Secretary of State on November 5, 2025. As of September 30, 2025, the Company had $30.7 billion in total assets, $33 billion in total liabilities, and $2.2 billion in total stockholders' deficiency. * * * As reported by the TCR on May 17, 2024, S&P Global Ratings lowered all its ratings on Altice USA Inc. one notch, including the Company credit rating to 'CCC+', and removed them from Credit Watch, where it placed them with negative implications on May 2, 2024. The negative outlook reflects that S&P could lower its ratings if the company opts to pursue a debt restructuring over the next year. S&P said, "We believe Altice USA's capital structure is unsustainable. We believe the company is vulnerable to nonpayment long term and depends on favorable business, financial, and economic conditions to meet its financial obligations as they come due in 2027 and beyond. We believe it is more likely than not that Altice USA will enter into a distressed debt restructuring that we consider tantamount to default, or it could face bankruptcy long term." AMERICAN AGAPE: S&P Affirms 'CCC+' Rating on 2015A/B Revenue Bonds ------------------------------------------------------------------ S&P Global Ratings affirmed its 'CCC+(sf)' long-term rating on the Public Finance Authority, Wis.' series 2015A and 2015B multifamily housing revenue bonds, issued for the American Agape Foundation, Inc. Portfolio Project, Texas. The outlook is negative. S&P said, "We regard the project's governance risk as elevated due to the application of criteria cap in the 'BBB' category, based on a management and governance we characterize as weak. In addition, we regard physical risk as somewhat elevated due to the coastal location of the Himbola Manor property in Lafayette, although this is partially mitigated by its insurance coverage for flood events. We consider social factors to be credit neutral in our analysis. "The negative outlook reflects our view of the project's persistent annual operating deficits in each of the past seven years, prompting cash advances from the project sponsor to cover the project's operating expenses and meet its financial obligations, although no legal obligation or commitment to do so exists. It further reflects the likelihood that such a cash advance will again be necessary in fiscal 2025 and that elevated operating expenses and critical capital repairs are expected to continue. While management expects the project sponsor will again contribute the funds necessary to cover expenses and pay debt service while it develops a longer-term strategy, we nevertheless believe that these financial commitments are unsustainable in the long term. In accordance with the negative outlook, we assess a one-in-three likelihood of additional negative rating action within the one-year outlook period. "We could take a negative rating action if the project's financial performance deteriorates or remains at current levels without continued contributions from the project sponsor, which would likely result in a draw on reserves to pay debt service or even in a payment default. We could also take negative rating action if the project defaults on payment during the next 12 months as a result of suspension of its HAP contracts by HUD as a result of cited deficiencies, or if a payment default appears to be inevitable unless the project's financial condition materially improves. "We could revise the outlook to stable if the project's overall financial performance were to improve such that it is, in our view, no longer vulnerable and dependent on favorable business, finances, and economic conditions to meet financial obligations on the bonds. In addition, we could consider a positive rating action, potentially out of the 'CCC' rating category, should the project exhibit material and consistent improvement in financial and operational performance, as evidenced by MADS coverage exceeding 1.0x for several periods, while maintaining or improving other key rating factors." AMERICAN SIGNATURE: Taps Verita Global as Claims and Noticing Agent ------------------------------------------------------------------- American Signature Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Kurtzman Carson Consultants, LLC, doing business as Verita Global, as claims, noticing, solicitation, and administrative agent. Verita Global will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. The firm will be paid at its standard hourly rates and will be reimbursed for expenses incurred. Verita received a retainer in the amount of $45,000. Evan Gershbein, an executive vice president of corporate restructuring at Verita Global, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Evan J. Gershbein Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Telephone: (310) 823-9000 Facsimile: (310) 823-9133 Email: egershbein@kccllc.com About American Signature Inc. American Signature Inc., together with its subsidiaries, is a residential furniture company operating across its Value City Furniture and American Signature Furniture brands and serving as a furniture destination consumers can rely on for style, quality, and value. Headquartered in Columbus, Ohio, the Company operates more than 120 stores across 17 states, with the largest concentrations in Ohio (20), Michigan (16), and Illinois (11). The Company employs approximately 3,000 team members. American Signature sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Dela. Case No. 25-12105 (JKS) on November 22, 2025. Judge J. Kate Stickles presides over the case. David M. Bertenthal, Maxim B. Litvak, and Laura Davis Jones at Pachulski Stang Ziehl & Jones LLP, represent the Debtors as legal counsel. ANDERSON AGRI: Seeks Chapter 11 Bankruptcy in Washington -------------------------------------------------------- On November 26, 2025, Anderson Agri LLC filed for Chapter 11 protection in the Eastern District of Washington. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to 50–99 creditors. About Anderson Agri LLC Anderson Agri LLC is a professional agriculture-focused business engaged in crop production, livestock operations, and farm services. The company is dedicated to producing high-quality agricultural products while maintaining sustainable practices and operational efficiency. Anderson Agri LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 25-02076) on November 26, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Whitman L. Holt handles the case. The Debtor is represented by Lesley D. Bohleber, Esq. of Bush Kornfeld LLP. ANESIS CENTER: Seeks Chapter 11 Bankruptcy in Wisconsin ------------------------------------------------------- On November 25, 2025, Anesis Center for Marriage and Family Therapy LLC filed for Chapter 11 protection in the Western District of Wisconsin. According to the court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Anesis Center for Marriage and Family Therapy LLC Anesis Center for Marriage and Family Therapy LLC operates as a professional mental health practice focused on relational and family-based therapy. Anesis Center for Marriage and Family Therapy LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Case No. 25-12586) on November 25, 2025. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Catherine J. Furay handles the case. The Debtor is represented by Krystal R. Williams-Oby, Esq. of Krystal Williams-Oby, LLC. APPERSON CRUMP: Seeks Chapter 11 Bankruptcy in Tennessee -------------------------------------------------------- Lucas Finton of Memphis Commercial Appeal reports that Apperson Crump, which describes itself as the oldest continuously operating law firm in Memphis, has filed for Chapter 11 bankruptcy, according to documents submitted to the U.S. Bankruptcy Court for the Western District of Tennessee in Jackson. The filing marks a significant development for the long-standing firm as it seeks restructuring relief. Court records indicate the firm holds nearly $2.7 million in liabilities against assets valued at just under $1.3 million. The documents also show that Apperson Crump is owed approximately $1.38 million by its clients but anticipates collecting less than half of that amount. About Apperson Crump Apperson Crump is the oldest law firm in Memphis, Tennessee. It provides a broad range of legal services including criminal law, corporate and business law, family law, labor and employment law, litigation, and estate planning. The firm's members have held leadership roles in the Memphis Bar Association and national legal organizations, with several appointed to the bench, reflecting its longstanding professional recognition. It serves clients across public, private, and nonprofit sectors, and is rated "AV" by Martindale-Hubbell. Apperson Crump sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 25-11660) on December 1, 2025. In its petition, the Debtor reports nearly $2.7 million in liabilities against assets valued at just under $1.3 million. Honorable Bankruptcy Judge Jimmy L. Croom handles the case. The Debtor is represented by C. Jerome Teel, Jr., Esq. of Teel & Gay, PLC. APPLE TREE: Hires Michael Best & Friedrich as Counsel ----------------------------------------------------- Apple Tree Assisted Living, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Michael Best & Friedrich, LLP as general bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to its rights, duties, and powers under the Bankruptcy Code; b. preparing bankruptcy statements and schedules; c. proposing a plan of reorganization and disclosure statement; d. representing the Debtor in connection with any contested matters, adversary proceedings, or other litigation; and e. performing all other necessary and appropriate legal services for the Debtor in connection with their chapter 11 cases. The firm will be paid at these rates: Jeffrey A. Weinman (Of Counsel) $750 per hour Bailey Pompea (Senior Counsel) $595 per hour Destiney Parker-Thompson (Associate) $445 per hour Davis W. Sullivan (Associate) $445 per hour Emily Sexton (Associate) $385 per hour The firm received a prepetition retainer in the amount of $20,000, including the $1,738 filing fee. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Weinman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jeffrey A. Weinman, Esq. Michael Best & Friedrich, LLP 675 15th St., Suite 2000 Denver, CO 80202 Telephone: (720) 240-9515 Email: Jeffrey.Weinman@michaelbest.com About Apple Tree Assisted Living, Inc. Apple Tree Assisted Living, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Colo. Case No. 1:25-bk-17818) on Nov. 26, 2025. The Debtor hires Michael Best & Friedrich, LLP as general bankruptcy counsel. AQUA METALS: Continues ATM Program with Benchmark Under New S-3 --------------------------------------------------------------- Aqua Metals, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that previously on August 30, 2024, the Company entered into an ATM Sales Agreement with The Benchmark Company, LLC under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, par value $0.001 per share, to or through the Agent as its sales agent. Pursuant to the Sales Agreement, sales of the Common Stock were initially made under the Company's Registration Statement on Form S-3 (File No. 333-267780) and an applicable prospectus supplement. The Prior Registration Statement expired on October 19, 2025. On October 17, 2025, the Company filed a new Registration Statement on Form S-3 (File 333-290948), which became effective pursuant to Section 8(a) of the Securities Act of 1933 on November 5, 2025, and on December 2, 2025 the Company filed a prospectus supplement under the New Registration Statement for the continuation of sales of Common Stock under the Sales Agreement. A full-text copy of the opinion of Greenberg Traurig, LLP with respect to the validity of the shares that may be sold and issued under the New Registration Statement pursuant to the Sales Agreement is available at https://tinyurl.com/35x3nxd8 A full-text copy of the Amendment No. 1 to Sales Agent Agreement dated December 2, 2025 between the Company and The Benchmark Company, LLC is available at https://tinyurl.com/mah3w97x Aqua Metals Headquartered in Reno, Nevada, Aqua Metals, Inc. develops recycling solutions for lead and lithium-ion batteries using a proprietary water-based technology called AquaRefining. The Company's electrochemical process enables low-emissions, closed-loop recovery of high-purity metals without the use of furnaces or hazardous chemicals. It operates modular systems known as "Aqualyzers" to support sustainable energy storage applications. In an audit report dated March 31, 2025, Forvis Mazars, LLP issued a "going concern" qualification citing that the Company has incurred substantial operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $10.5 million in total assets, $4 million in total liabilities, and $6.5 million in total stockholders' equity. AQUA SPAS: Court OKs Deal to Use Cash Collateral Until Jan. 6 ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Colorado approved a stipulation entered into by Aqua Spas, Inc., Wells Fargo Commercial Distribution Finance, LLC and the Colorado Department of Revenue on the use of cash collateral. Under the stipulation, the Debtor is authorized to use cash collateral through January 6, 2026, in accordance with an approved budget. The Debtor is also permitted sell Wells Fargo's remaining collateral, with proceeds distributed first to Wells Fargo to satisfy its purchase-money security interest in each item sold, and thereafter 20% of net proceeds to Wells Fargo and 10% to CDOR. As additional protection, the Debtor will pay CDOR $5,500 on or before December 15. Wells Fargo asserts a pre-bankruptcy lien arising from the Debtor's sale of collateral without remitting proceeds, and a site inspection confirms that some collateral remains in the Debtor's possession. CDOR, meanwhile, contends the Debtor owes substantial pre-bankruptcy sales tax, potentially entitled to priority status, though the amount remains disputed and subject to audit. The order is available at https://is.gd/nHdxgx from PacerMonitor.com. About Aqua Spas Inc. Aqua Spas Inc., also known as Spas R Us, sells and services hot tubs and swim spas through its locations in Fort Collins, Greeley, and Castle Rock, Colorado. The Company is a longtime dealer of Master Spas products, including the Michael Phelps Signature Swim Spa line. It also offers spa accessories, chemicals, filters, and related supplies, with shipping available for orders over $100. Aqua Spas Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14565) on July 22, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY. Wells Fargo Commercial Distribution Finance, LLC, as creditor, is represented by Stephen K. Dexter, Esq. at Lathrop GPM LLP. ASCOT RESOURCES: Warns of CCAA Filing as $150M Rescue Deal Stalls ----------------------------------------------------------------- Ascot Resources Ltd. provides an update that it continues to pursue the proposed transactions disclosed on October 23, 2025. The Company's stock was halted on November 28, 2025 in anticipation of announcing certain terms of the C$150 million private placement and secured creditor restructuring that were described in the Company's Restructuring press release of October 23, 2025, however, the Company did not come to terms, including pricing, and has no additional information to announce at this time. The structure and pricing of the private placement remain undetermined. If the private placement is not completed, the Company will need to pursue other alternatives, including the possibility of initiating proceedings under the Companies' Creditors Arrangement Act (CCAA). There is no certainty that any such alternatives will be available. The Company has a cash position of C$1.9 million at December 1, 2025 and expects to have sufficient funds to sustain current operations until mid-December. Ascot is a Canadian mining company focused on commissioning its 100%-owned Premier Gold Mine, which poured first gold in April 2024 and is located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia. Ascot Resources is publicly traded on the Toronto Stock Exchange under the symbol AOT. The Premier mine is located just 25 kilometres from the town of Stewart, in northwestern British Columbia. AUSTIN MINERALS: Seeks Chapter 7 Bankruptcy in Texas ---------------------------------------------------- On December 4, 2025, Austin Minerals Operating, Ltd. filed for Chapter 7 protection in the Western District of Texas. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 50–99 creditors. About Austin Minerals Operating, Ltd. Austin Minerals Operating Ltd. is a Texas-based oil and gas operating company involved in the management, development, and production of mineral interests and energy assets. Austin Minerals Operating, Ltd. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-11922) on December 4, 2025. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Shad Robinson handles the case. The Debtor is represented by Frank B. Lyon, Esq. of Frank B. Lyon, Attorney. AUTOKINITON US: S&P Assigns 'B' Rating on $1,135MM Term Loan B -------------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '3' recovery rating to U.S.-based auto supplier Autokiniton US Holdings Inc.'s (B/Negative/--) proposed amended and extended $1,135 million term loan B due in April 2030. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a default. The company will use the proceeds to repay its existing term loan due in April 2028. S&P said, "We view the transaction as leverage neutral, with leverage expected in the low-5x to high-4x range in 2025 and 2026 following the close of the transaction. We note the amended and extended term loan is expected to price 75-100 basis points higher than the existing term loan and, as such, now forecast interest expense will higher in 2026 than our previous forecast, burdening free operating cash modestly." S&P said, "Still, even with the higher interest we would expect the company to generate modest positive free cash flow in 2026. Our 'B' issuer credit rating and negative outlook on the company are unchanged. The negative outlook reflects the at least one-in-three chance we will lower our ratings on Autokiniton if it is unable to generate a stronger operating performance to support improved credit metrics in line with our expectations for the current rating." Issue Ratings--Recovery Analysis Key analytical factors -- S&P's simulated default scenario contemplates the loss of key original equipment manufacturer (OEM) contracts, lower auto production, and rising interest rates that lead to excess capacity and plant inefficiencies. Due to these factors, Autokiniton's cash flow deteriorates such that it cannot cover its fixed charges, leading to a payment default in 2028. -- S&P expects the company would reorganize in the event of a default because of the continued demand for its products and its established OEM relationships. It has valued the company as a going concern because it expects this method would provide the greatest recovery value for its term loan lenders. --S&P assumes the company could regain some contracts and rationalize its manufacturing capacity prior to its emergence from bankruptcy and estimate an emergence EBITDA of $157 million. -- S&P applies a 5x EBITDA multiple, consistent with the multiples it uses for most auto suppliers, to arrive at a net enterprise value of $744 million at emergence. -- The asset-based loan (ABL) is secured by a first-priority security interest in all accounts receivables, inventory, and related assets of the borrower and each guarantor. The term loan facility maintains a first-priority lien on substantially all other assets in addition to a second lien on the ABL collateral. Simulated default assumptions -- SOFR of 250 basis points -- Standard 60% draw under the $250 million ABL at default -- All debt includes six months of accrued prepetition interest at default Simplified waterfall -- Net enterprise value (after 5% administrative costs): $744 million -- Priority claims (ABL facility): $144 million -- Collateral value available to first-lien creditors: $596 million -- Total first-lien debt: $1,153 million --Recovery expectations: 50%-70% (rounded estimate: 50%) AZ GROVES: Seeks to Hire Ellett Law Offices PC as Counsel --------------------------------------------------------- AZ Groves LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Ellett Law Offices, PC as counsel. The firm will provide these services: (a) examine and determine the rights and title of the Debtor in and to certain property; (b) prepare all legal documents, the Debtor's Chapter 11 Subchapter V Plan of Reorganization, and Disclosure Statement; (c) investigate, examine into, and determine the validity of any and all liens appearing to be claimed during the administration of said estate; (d) investigate and determine the validity of any and all claims that may be filed against the estate; (e) prepare all accounts, reports, and other instruments required in the administration of said estate; (f) generally, assist the Debtor in all matters of legal nature arising in the administration of said estate and advise with regard thereto; and (g) assist the Debtor in the collection of all accounts receivable owed to it. The firm will be paid at these rates: Ronald J. Ellett $595 per hour Scott Reynolds $395 per hour Associates $295 per hour Paralegals $255 per hour The firm will be paid a retainer of $15,000. Ronald Ellett, Esq., an attorney at Ellett Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ronald Ellett, Esq. Ellett Law Offices, PC 2999 N. 44th St. Phoenix, AZ 85018 Telephone (602) 235-9510 About AZ Groves LLC AZ Groves, LLC, a company in Goodyear, Ariz., filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-11363) on November 25, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Madeleine C. Wanslee presides over the case. Ronald J. Ellett, Esq., at Ellett Law Offices, P.C. represents the Debtor as bankruptcy counsel. BALERNO CASTLE: Hires JBV Law Firm as Special Counsel ----------------------------------------------------- Balerno Castle, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ JBV Law Firm as special counsel. The Debtor needs the firm's legal assistance in connection with the wrongful foreclosure action on the Debtor's real property located at 253 S. Carondelet St., Los Angeles, CA 90057. The firm will be paid at these rates: Attorneys $400 per hour Associates $350 per hour Paralegals $125 per hour Law Clerks $125 per hour The firm received from the Debtor a retainer of $13,600. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Apollo disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Adam Apollo, Esq. JBV Law Firm 1210 N. Jefferson St. Suite F. Anaheim Hills, CA 92807 Tel: (714) 902-2088 Fax: (714) 243-6000 About Balerno Castle, LLC Balerno Castle, LLC owns a multi-family residential building located at 253 S. Carondelet Street in Los Angeles, California. The two-story property comprises six rental units and is classified as single-asset real estate under 11 U.S.C. Section 101(51B). The company also owns a separate property at 3912 Eagle Street in Los Angeles. Balerno Castle sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-15322) on June 24, 2025. In its petition, the Debtor reported total assets of $3,804,000 and total liabilities of $2,074,239. Judge Julia W. Brand handles the case. The Debtor is represented by Kevin Tang, Esq., at Tang & Associates. BARMASTERS LLC: Andrew Layden Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Andrew Layden as Subchapter V trustee for Barmasters, LLC. Mr. Layden will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Layden declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew Layden 200 S. Orange Avenue, Suite 2300 Orlando, FL 32801 Telephone: 407-649-4000 Email: alayden@bakerlaw.com About Barmasters LLC Barmasters LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07727) on November 26, 2025, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Dylan Forsythe, sole-managing member, signed the petition. Daniel A. Velasquez, Esq., at Latham, Luna, Eden & Beaudine, LLP represents the Debtor as legal counsel. BEACON LIGHT: Greta Brouphy Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 5 appointed Greta Brouphy, Esq., at Heller Draper & Horn, LLC as Subchapter V trustee for Beacon Light Missionary Baptist Church Inc. Ms. Brouphy will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Brouphy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Greta M. Brouphy Heller Draper & Horn, LLC 650 Poydras St., Ste. 2500 New Orleans, LA 70130-6175 Telephone: 504-299-3300-; Fax 504-299-33 Email: gbrouphy@hellerdraper.com About Beacon Light Missionary Baptist Church Inc. 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. Beacon Light sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No.25-12399) on October 22, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Meredith S. Grabill handles the case. The Debtor is represented by Edwin M. Shorty, Jr., Esq., at Edwin M. Shorty, Jr. & Associates. BELLAVIVA AT WHISPERING: Seeks $750,000 DIP Loan From DHC --------------------------------------------------------- Bellaviva at Whispering Hills, LLC asks the U.S. Bankruptcy Court for the Middle District of Florida for authority to obtain debtor-in-possession financing in the amount of $750,000 from DHC Private Lending, LLC. The Debtor requests authorization to borrow under a proposed DIP credit agreement, granting the DIP lender a first-priority lien on its real property in Lake County, Florida, and awarding superpriority administrative expense status for any portion of the DIP obligations that is undersecured. After estimated closing costs, the DIP facility will provide roughly $718,250 in net funding. The DIP loan will be due and payable 12 months following distribution of the DIP loan proceeds. The Debtor's assets are already encumbered by disputed, but oversecured, pre-petition liens in favor of Legion Capital Corporation, which previously financed the Debtor's acquisition of the real property but later declared a default, commenced foreclosure litigation, and attempted to conduct a UCC sale of the Debtor's membership interests. On October 16, Bellaviva filed Chapter 11 petition to halt those actions and preserve the value of the real property for all creditors. A pending motion seeks approval of a $62 million sale, which the Debtor asserts will be sufficient to satisfy all creditor claims, including Legion's disputed secured claim. The Debtor says the DIP loan is urgently needed to fund ongoing obligations under the sale agreement, cover necessary operating expenses, and replenish more than a year's worth of unpaid management fees. Its manager previously received approximately $434,903 annually in management fees funded by Legion but has received nothing since September 2024 and has personally funded operations since then. The DIP proceeds will support management fees through the expected February 2026 sale closing and provide working capital to pay insurance, engineering, legal costs, and administrative expenses essential to maintaining and preserving the property's value. The Debtor attempted to obtain alternative financing but found no willing lenders due to the small loan size and short duration of the case; thus, DHC's DIP proposal represents the only viable option. The motion details legal bases under sections 364(c) and (d), arguing that unsecured or junior financing is unavailable, that the DIP lender negotiated in good faith, and that the financing is fair, reasonable, and consistent with market terms. Although the DIP financing includes certain fees and interest such as a $22,500 origination fee, 3% points, and various administrative charges, the Debtor says these terms are commercially reasonable. Bellaviva argues that Legion, as an oversecured creditor fully protected by the substantial equity in the property and the pending $62 million sale, is not entitled to adequate protection payments because there is no risk of diminution in collateral value. A court hearing is set for December 11. A copy of the motion is available at https://urlcurt.com/u?l=Sgc9ld from PacerMonitor.com. The DIP lender can be reached through: DHC Private Lending, LLC 2220 County Road 201 W, Suite 108-435 Jacksonville, FL 32259 Phone: (904) 487-1596 william@darkhorse.capital About Bellaviva at Whispering Hills Bellaviva at Whispering Hills LLC, based in Orlando, Florida, develops and manages residential real estate, focusing on the Whispering Hills subdivision in Lake County. The Company is a single-asset real estate entity whose activities are concentrated on designing, building, and promoting residential properties in this development. Bellaviva at Whispering Hills sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06655) on October 16, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Judge Grace E. Robson oversees the case. The Debtor is represented by Stewart J. Subjinski, Esq., at Lippes Athias, LLP. BEST OF TASTE: Seeks to Hire Parker Schwartz as Bankruptcy Counsel ------------------------------------------------------------------ The Best of Taste, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Parker Schwartz, PLLC, as counsel. The firm's services include negotiating and formulating a Chapter 11 plan of reorganization for the Debtor and legal advice regarding the Debtor's responsibilities under the Bankruptcy Code. The firm will be paid at these rates: Lawrence D. Hirsch, Attorney $550 per hour Jared G. Parker, Attorney $550 per hour Iva S. Hirsch, Attorney $400 per hour Byron H. Forrester, Attorney $325 per hour Elisabeth Maron, Paralegal $165 per hour The retainer for the filing of the Subchapter V Chapter 11 is $2,231.50. As disclosed in court filings, Parker Schwartz is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Lawrence D. Hirsch, Esq. Parker Schwartz, PLLC 7310 North 16th Street, Suite 330 Phoenix, AZ 85020 Tel: (602) 282-0476 Fax: (602) 282-0478 Email: lhirsch@psazlaw.com About The Best of Taste Inc. The Best of Taste, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-11278) on November 21, 2025, with up to $50,000 in assets and between $500,001 and $1 million in liabilities. Lawrence D. Hirsch, Esq., at Parker Schwartz, PLLC represents the Debtor as legal counsel. BEYOND MANAGEMENT: Unsecureds Will Get 1.78% of Claims in Plan -------------------------------------------------------------- Beyond Management Development Investment Group Corp. filed with the U.S. Bankruptcy Court for the District of Puerto Rico an Amended Disclosure Statement describing Plan of Reorganization dated December 2, 2025. The Debtor is a for profit corporation, duly registered and authorized to do business in the Commonwealth of Puerto Rico. The Debtor is engaged in the business of operating a beauty salon in the Condado area of San Juan, Puerto Rico. In a nutshell, the Debtor had to file the instant case to stop the garnishment of the funds from its bank account by the Municipality of San Juan. While operating as a Debtor in possession under Chapter 11 Case, the Debtor kept operating its beauty salon and maximizing its revenues so that funds be available to fund its proposed Chapter 11 Plan dated December 02, 2025. Debtor also proceeded to request a determination from the Treasury Department to eliminate certain debts under said agency statute of limitations and received some $177,000.00 in Federal Tax Refunds that will be devoted to fund the proposed Chapter 11 Plan. Class 3 consists of the Unsecured Claim filed by American Express National Bank in the amount of $1,540.22. Except to the extent that the holder agrees to less favorable treatment, in full and final satisfaction of each Allowed General Unsecured Claim, each holder of an Allowed General Unsecured Claim shall receive 1.78% of the amount of such holder's Allowed General Unsecured Claim, plus allowed interest payable on the Effective Date. Each Allowed Common Equity Interest shall be unimpaired under the Plan, and, pursuant to section 1124 of the Bankruptcy Code, all of the legal, equitable and contractual rights to which such Equity Interest entitles a holder in respect of such Equity Interest shall be fully reinstated and retained. The Debtor shall continue to exist, as a Reorganized Debtor, after the Effective Date as a separate entity, with all the powers available to such legal entity, in accordance with applicable law and pursuant to their constituent documents, as modified by the Plan. All Cash necessary to make payments and Plan Distributions shall be obtained from the Cash of the Reorganized Debtors as generated from its operations and the Cash held in the Contested Claims Reserve, if any, as applicable. A full-text copy of the Amended Disclosure Statement dated December 2, 2025 is available at https://urlcurt.com/u?l=xu0d2k from PacerMonitor.com at no charge. Counsel to the Debtor: Hector Eduardo Pedrosa-Luna, Esq. The Law Offices of Hector Eduardo Pedrosa Luna P.O. Box 9023963 San Juan, PR 00902 Telephone: (787) 920-7983 Facsimile: (787) 754-1109 Email: hectorpedrosa@gmail.com About Beyond Management Development Investment Group Beyond Management Development Investment Group Corp. is engaged in the business of operating a beauty salon in the Condado area of San Juan, Puerto Rico. The Debtor filed Chapter 11 petition (Bankr. D.P.R. Case No. 25-01160) on March 17, 2025, listing under $1 million in both assets and liabilities. The Law Offices of Hector Eduardo Pedrosa Luna serves as the Debtor's counsel. BEYOND STONE: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Beyond Stone Solutions, LLC 2039 E. Cedar St. #104 Tempe AZ 85281 Business Description: Beyond Stone Solutions, LLC provides stone and tile cleaning, restoration, protection, and installation services for residential and commercial properties in Phoenix and throughout Arizona. The Company works with natural stone, quartz surfaces, tile and grout, clay tiles, flagstone, and stacked stone across floors, countertops, showers, fireplaces, and outdoor hardscapes. It offers surface maintenance and repair solutions designed to preserve the appearance and durability of a wide range of stone and tile materials. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court District of Arizona Case No.: 25-11767 Judge: Hon. Madeleine C Wanslee Debtor's Counsel: Patrick Keery, Esq. KEERY MCCUE, PLLC 6803 E. Main Street Suite 1116 Scottsdale AZ 85251 Tel: (480) 478-0709 Email: pfk@keerymccue.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Ryan Tonnemacher as manager. 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/YLA2BUQ/BEYOND_STONE_SOLUTIONS_LLC__azbke-25-11767__0001.0.pdf?mcid=tGE4TAMA BH DOWNTOWN: Hires AppraisalFirst as Real Estate Expert ------------------------------------------------------- BH Downtown Miami, LLC and affiliate seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ AppraisalFirst, LLC as real estate expert. The firm will provide the Debtor advice, reports, testimony, if needed, in the adversary case captioned as BH Downtown Miami, LLC et al v. Cirrus 340BB Lender LLC et al, Adversary No. 25-0110-LMI. The fee for the expert report will be $7,500. Work related to expert witness testimony, i.e. deposition and trial preparation, will be billed at an hourly rate of $300. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Frank Hornstein AppraisalFirst, LLC 8101 Biscayne Blvd, STE R-516 Miami, FL 33138 Tel: (305) 470-2100 About BH Downtown Miami, LLC BH Downtown Miami, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-23028) on Dec. 13, 2024. In its petition, the Debtor reported estimated assets between $100 million and $500 million and estimated liabilities between $50 million and $100 million. Judge Laurel M. Isicoff oversees the case. The Debtor tapped Pardo Jackson Gainsburg & Shelowitz, PL as counsel and Gould & Pakter Associates, LLC as financial expert. BIG BRUNOS: L. Todd Budgen Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., as Subchapter V trustee for Big Brunos Bites, LLC. Mr. Budgen will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Budgen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: L. Todd Budgen, Esq. P.O. Box 520546 Longwood, FL 32752 Tel: (407) 232-9118 Email: Todd@C11Trustee.com About Big Brunos Bites LLC Big Brunos Bites, LLC is a Florida-based limited liability company that operates a casual dining establishment at 3990 Curry Ford Road in Orlando, offering pizza, pasta, sandwiches, and beverages. Big Brunos Bites sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07692) on November 25, 2025, with $96,390 in assets and $1,155,879 in liabilities. Bruno G. Zacchini, III, manager, signed the petition. Judge Grace E. Robson presides over the case. Keenan D. Smith, Esq., at Nardella & Nardella, PLLC represents the Debtor as legal counsel. BISCUIT BAR: Gets Final OK to Use Cash Collateral ------------------------------------------------- The Biscuit Bar, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, to use cash collateral. The final order authorized the Debtor to use cash collateral to fund operations in accordance with its budget, subject to a 5% variance per line item and a 10% overall variance. As adequate protection, secured creditors will be granted replacement liens on post-petition assets of the Debtor including cash collateral, with the same priority and extent as their pre-bankruptcy liens. The replacement liens do not apply to any Chapter 5 causes of action. To the extent they are valid, senior, perfected and unavoidable, statutory tax liens held by the Texas Comptroller of Public Accounts, Dallas County, Taylor County, and any other Texas appraisal district, will not be subordinated to or primed by any liens granted pursuant to the interim order. The final order is available at https://is.gd/FEJbU3 from PacerMonitor.com. Biscuit Bar is the parent company of TBB Deep Ellum, LLC and other operating TBB entities, which filed Chapter 11 cases on. It is not an operating entity but derives all its cash to pay its bills from the operating TBB entities. About The Biscuit Bar LLC The Biscuit Bar LLC, together with its subsidiaries, operates restaurant businesses offering food and beverages to customers both on-site and through its website and app, sourcing raw materials primarily from Sysco, and generating revenue mainly from prepared menu items including biscuits, sides, salads, and kids' meals. The Biscuit Bar sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-33848) on October 2, 2025. In its petition, the Debtor reported up to $100,000 in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor is represented by Jacob J. King, Esq., at Munsch Hardt Kopf & Harr, P.C. BOXLIGHT CORP: Whitehawk Grants Forbearance on $32.2MM Debt ----------------------------------------------------------- Boxlight Corporation disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on December 2, 2025, the Company, and its subsidiaries entered into a Forbearance Agreement and Tenth Amendment and Waiver to Credit Agreement with Whitehawk Finance LLC, as the lender and White Capital Partners LP, as collateral agent. The lender has required the Company to engage third-party professionals to submit asset appraisal reports by December 22, 2025, and field examination reports by December 29, 2025. Failure to deliver these reports by the specified dates constitutes an immediate Event of Default. The Tenth Amendment amends the Credit Agreement, originally entered into on December 31, 2021, as amended on April 4, 2022, through August 12, 2025, between the Company, its subsidiaries as guarantors, the Collateral Agent, and the Lender. Pursuant to the Credit Agreement, the Company is currently indebted to the Lender in the approximate amount of $32.2 million. The Credit Agreement matures in full on December 31, 2025, and the Tenth Amendment does not modify that maturity date. Boxlight does not expect to be in a position to be able to repay the indebtedness outstanding under the Credit Agreement by December 31, 2025. While the Company is actively working to resolve this issue, there can be no assurance that these efforts will be successful prior to the maturity date, at which time all amounts under the Credit Agreement will become due. If the Lender forecloses on the indebtedness under the Credit Agreement, it is unlikely that the Company will be able to continue as a going concern, and the Company would be insolvent and common stockholders could lose most or all of their investment. Pursuant to the Tenth Amendment, the Lenders agreed to waive certain "Specified Events of Default" that had occurred or were anticipated to occur under the Credit Agreement. These Specified Events of Default included: * Failure to maintain the required Senior Leverage Ratio of 1.75:1.00 for the period ended September 30, 2025; and * Borrowing base non-compliance for the months ending July 31 through November 30, 2025. The Lenders waived the right to receive the post-default interest rate with respect to these Specified Events of Default through December 31, 2025, provided the Company complies with the terms of the Tenth Amendment. Although the Company has now obtained waivers with respect to the foregoing past instances of Credit Agreement non-compliance, in view of the Company's history of non-compliance and its current situation, there can be no guarantee that the Company will not breach provisions of the Credit Agreement in the future, which could lead to declared events of default, acceleration of obligations and other material negative consequences. The parties agreed to these material terms and amendments: * Voluntary Prepayment: The Company shall pay a voluntary prepayment of the loans in the amount of not less than $3,000,000, for which no prepayment premium is required; * Interest Rates: From December 2 through December 31, 2025, the "Applicable Margin" is set at 6.50% for Secured Overnight Financing Rate (SOFR) loans and 5.50% for reference rate loans. Additionally, the definition of "Floor" was amended to 4.25% per annum, and the "Reference Rate" was amended to 5.25% per annum; * Borrowing Base Reduction: The borrowing base allowance for the value of the Company's intellectual property was reduced from a maximum of $11,200,000 to $8,000,000; * Application of Proceeds from Equity Offerings: 100% of net cash proceeds from any equity issuances be applied first to reduce any existing indebtedness in excess of the Borrowing Base, with the remainder applied to prepay the loans; * Additional Loan Parties: By December 10, 2025, the Company must cause each of its subsidiaries that is not currently a party to the Credit Agreement to become one and execute required security documents; A full text copy of the Tenth Amendment to the Credit Agreement is available at https://tinyurl.com/3j7hsrzu About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. In its audit report dated March 28, 2025, Forvis Mazars, LLP issued a "going concern" qualification citing that the Company has identified certain conditions relating to its outstanding debt and Series B and C Preferred Stock that are outside the control of the Company. In addition, the Company has generated recent losses. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The Company's Term Loan, which has an outstanding balance of $39.0 million as of June 30, 2025, matures on Dec. 31, 2025. As of June 30, 2025, the Company's short-term debt will mature within the six months. The Company said it is seeking to refinance its debt with new lenders but noted there is no guarantee the effort will succeed before the Term Loan matures, at which point all amounts will be due. As of June 30, 2025, the Company had cash and cash equivalents of $7.6 million, a working capital balance of ($0.5) million, and a current ratio of 0.99. Boxlight reported total assets of $99.20 million, total liabilities of $91.32 million, total mezzanine equity of $28.51 million, and a total stockholders' deficit of $20.63 million. BROADBAND TELECOM: Gets Final OK to Use Cash Collateral ------------------------------------------------------- Broadband Telecom, Inc. and its affiliates received final approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral. The court authorized the Debtors to use cash collateral to pay operating expenses, including payroll, taxes, insurance, utilities, and maintenance, as well as up to $1.5 million for post-petition vendor payments as agreed with the lenders. The lenders include EAVF.SLF CC Leverage SPV LLC, EAVF/SLF BB Leverage SPV, LLC, and AVF III US Aggregator, L.P. These lenders assert liens on substantially all assets of the Debtors, including cash and other property constituting cash collateral. The order establishes procedures for approval of the initial and any amended budgets. The U.S. trustee and any committee have five business days to object after receiving a proposed budget; absent objection, a proposed budget becomes an approved budget without further court order. If objections are filed, the court will hold a hearing but the Debtors may continue using cash collateral for non-disputed budget items. The final order also granted adequate protection to the lenders and modified the automatic stay as necessary to implement the order. The final order is available at https://is.gd/CURA5d from PacerMonitor.com. About Broadband Telecom Inc. Broadband Telecom Inc., part of the Bankai Group, provides international wholesale telecommunications services including voice over internet protocol and messaging solutions to telecom operators, carriers, communication service providers, enterprises, and retailers. The Company operates from its headquarters in Garden City, New York, and serves clients globally with scalable communications infrastructure. Broadband Telecom Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73095) on August 12, 2025. The case is jointly administered in Case No. 25-73095. In its petition, Broadband Telecom disclosed estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Alan S. Trust handles the case. The Debtors represented by Tracy L. Klestadt, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP. BUDDY MAC: Case Summary & 30 Largest Unsecured Creditors -------------------------------------------------------- Lead Debtor: Buddy Mac Holdings LLC d/b/a Buddy's Home Furnishings 400 East Centre Park Boulevard, Suite 101 DeSoto, TX 75115 Business Description: Buddy Mac Holdings, LLC, together with its affiliates, operates a rent-to-own retail business selling home furnishings, electronics, and appliances, allowing customers to make periodic payments with the option to complete purchase or return the product at any time. The Company began its rent-to-own operations in 2014 as a franchisee of Buddy's Home Furnishings and has expanded to operate 47 store locations across Arkansas, Florida, Illinois, Kansas, Missouri, New Mexico, Oklahoma, and Texas. It offers products under franchise agreements, with typical customer contracts spanning twelve to eighteen months. Court: United States Bankruptcy Court Northern District of Texas Forty-five affiliates that have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code on December 4, 2025: Debtor Case No. ------ -------- Buddy Mac Holdings LLC (Lead Debtor) 25-34839 BMH-FAN 43, LLC 25-34863 BMH-FAN 44, LLC 25-34864 BMH-FAN 45, LLC 25-34865 BMH-FAN 46, LLC 25-34866 BMH-FAN 47, LLC 25-34867 BMH-FAN 48, LLC 25-34868 BMH-FAN 49, LLC 25-34869 BMH-FAN 50, LLC 25-34870 BMH-FAN 51, LLC 25-34871 BMH-FAN 52, LLC 25-34872 BMH-FAN 53, LLC 25-34873 BMH-FAN 54, LLC 25-34874 BMH-RCL 34, LLC 25-34854 BMH-RCL 35, LLC 25-34855 BMH-RCL 36, LLC 25-34856 BMH-RCL 37, LLC 25-34857 BMH-RCL 38, LLC 25-34858 BMH-RCL 39, LLC 25-34859 BMH-RCL 40, LLC 25-34860 BMH-RCL 41, LLC 25-34861 BMH-RCL 42, LLC 25-34862 BMH RTO LLC 25-34840 BMH-SM 79 LLC 25-34875 BMH-SM 80 LLC 25-34876 BMH-SM 81 LLC 25-34877 BMH-SM 82 LLC 25-34879 BMH-SM 83 LLC 25-34880 BMH-SM 84 LLC 25-34881 BMH-SM 85 LLC 25-34882 BMH-SM 86 LLC 25-34883 BMH-SM 87 LLC 25-34884 BMH-TNM 28, LLC 25-34848 BMH-TNM 29, LLC 25-34849 BMH-TNM 30, LLC 25-34850 BMH-TNM 31, LLC 25-34851 BMH-TNM 32, LLC 25-34852 BMH-TNM 33, LLC 25-34853 Buddy Mac Twenty-One, LLC 25-34841 Buddy Mac Twenty-Two LLC 25-34842 Buddy Mac Twenty-Three LLC 25-34843 Buddy Mac Twenty-Four LLC 25-34844 Buddy Mac Twenty-Five LLC 25-34845 Buddy Mac Twenty-Six LLC 25-34846 Buddy Mac Twenty-Seven LLC 25-34847 Four affiliates that have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code on Dec. 4, 2025: Buddy Mac One, LLC 25-34788 BMH One RE, LLC 25-34789 BMH 95 RE Caruthersville LLC 25-34790 BMH 96 RE Marion, LLC 25-34791 Debtors' General Bankruptcy Counsel: John J. Kane, Esq. Joseph M. Coleman, Esq. Kyle Woodard, Esq. JaKayla J. DaBera, Esq. KANE RUSSELL COLEMAN LOGAN PC 901 Main Street, Suite 5200 Dallas, Texas 75202 Tel: (214) 777-4200 Fax: (214) 777-4299 Email: jkane@krcl.com Email: jcoleman@krcl.com Email: kwoodard@krcl.com Email: jdabera@krcl.com AND Mark C. Taylor, Esq. Casey Roy, Esq. KANE RUSSELL COLEMAN LOGAN PC 401 Congress Ave., Suite 2100 Austin, Texas 78701 Tel: (512) 487-6650 Email: mtaylor@krcl.com Email: croy@krcl.com Debtors' Claims, Noticing & Solicitation Agent: EPIQ CORPORATE RESTRUCTURING, LLC Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petitions were signed by William Ian MacDonald as manager. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XAQJ7CA/Buddy_Mac_Holdings_LLC__txnbke-25-34839__0001.0.pdf?mcid=tGE4TAMA List of Lead Debtor's 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Buddy's Newco LLC Miscellaneous $1,034,654 8529 Southpark Cir Ste 150 Orlando, FL 32819 2. O'Rourke Sales Company Inventory $1,018,925 L-4155 Columbus, OH 43260-4155 3. C&L Supply Inventory $919,875 PO Box 2186 Lowell, AR 72745 4. Leopard Mobility Inc Inventory $314,323 7601 Ambassdor Row, Ste 101 Dallas, TX 75247 5. Progressive Furniture, Inc Inventory $211,178 PO Box 633833 Cincinnati, OH 45263 6. Noctova Solutions Inventory $134,626 RTO Sleep PO Box 916 Hillsboro, MO 63050 7. Womble Bond Dickenson LLP Miscellaneous $80,376 1313 North Market St Wilmington, DE 19801 8. Enterprise FM Trust Miscellaneous $71,391 Attn: KCWLBX 811 Main Street Kansas City, MO 64105 9. Express Imports Inventory $50,627 3818 South 79th East Ave Tulsa, OK 74146 10. Store Master Funding IV, LLC Rent $45,187 8501 E Princess Dr, Ste 190 Scottsdale, AZ 85255 11. Everhart Vail Properties LLC Rent $36,700 PO Box 10919 Fayetteville, AR 72703 12. Ideal Software Systems, Inc Miscellaneous $35,021 3839 Hwy 45 N Meridian, MS 39301 13. Epic Sky Properties LLC Rent $19,169 6306 Iola Ave Lubbock, TX 79424 14. Powers Family Rent $19,162 Property, LLC PO Box 7590 Lawton, OK 73506 15. Zarco Einhorn Miscellaneous $18,800 Salkowski & Brito PA South Biscayne Blvd # 3400 Miami, FL 33131 16. Hillsborough Property Taxes $13,590 County Tax Collector Attn: Nancy C Millan, Tax Collector PO Box 30012 Tampa, FL 33630-3012 17. Pete Daskalos Rent $12,875 Properties LLC 5321 Menaul Blvd NE Albuquerque, NM 87110 18. Fedex Services $11,573 PO Box 660481 Dallas, TX 75266-0481 19. Opportunity Sky Rent $11,536 Capital LLC PO Box 53608 Lubbock, TX 79453 20. Industrial Destination, LLC Rent $10,615 2516 Commerce Dr Jonesboro, AR 72401 21. Iron Mountain Miscellaneous $10,205 PO Box 601002 Pasadena, CA 91189 22. 8X8 Inc Utilities $9,589 PO Box 848080 Los Angeles, CA 90084-8080 23. Wolverine Ada, LLC Rent $9,000 5005 S. Mason Rd., Ste 250 Katy, TX 77450 24. J&M Bagwell Properties LLC Rent $8,544 314 Oak Drive Pampa, TX 79065 25. Inrel Properties Inc Rent $8,468 200 Lake Avenue, 2nd Fl Lake Worth Beach, FL 33460 26. 3202 N First St LLC Rent $8,429 4350 Brownsboro Rd., Ste 110 Louisville, KY 40207 27. New City Center LLC Rent $7,481 481 Carlisle Dr Herndon, VA 20170 28. Mimco Inc Rent $7,365 6500 Montana Ave El Paso, TX 79925 29. West 7th Corsicana, LLC Rent $7,058 4851 LBJ Freeway, 10th Fl Dallas, TX 75244 30. Leeco Energy & Rent $6,199 Investments, Inc. 3501 Billy Hext Rd. Odessa, TX 79765 C.R.I. DEVELOPMENT: Seeks Chapter 7 Bankruptcy in Illinois ---------------------------------------------------------- On December 3, 2025, C.R.I. Development LLC filed for Chapter 7 protection in the Northern District of Illinois. Court documents show the Debtor has $0–$100,000 in liabilities owed to 1–49 creditors. About C.R.I. Development LLC C.R.I. Development LLC operates as a real estate development firm, managing activities related to property acquisition, redevelopment, and investment. C.R.I. Development LLC filed its Chapter 7 petition (Bankr. N.D. Ill. Case No. 25-18551) on December 3, 2025. The filing lists estimated assets ranging from $100,001 to $1,000,000 and estimated debts between $0 and $100,000. The case is assigned to Honorable Bankruptcy Judge Deborah L. Thorne. The Debtor is represented by Miriam Stein Granek, Esq. of Gutnicki LLP. CANYON CREEK: Seeks to Hire Allen Vellone Wolf Helfrich as Counsel ------------------------------------------------------------------ Canyon Creek Villas, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Allen Vellone Wolf Helfrich & Factor P.C. as counsel. The firm's services include: a. providing legal advice and representation in connection with the general administration of the Estate; b. confirming of any proposed plan of reorganization, all other contested and adversary matters that may arise in this case; and c. investigating and litigating any avoidance or other action the Estate may have, and other legal services for the Debtor related to or arising out of contested matters in this bankruptcy case. The firm's hourly rates are: Jeffrey A. Weinman $650 Patrick D. Vellone $725 Brenton Gragg $395 Partners $475 to $725 Associates $350 to $450 Paralegals $120 to $225 The firm received a retainer in the amount of $25,000. Allen Vellone Wolf Helfrich & Factor P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jeffrey A. Weinman, Esq. Katharine S. Sender, Esq. ALLEN VELLONE WOLF HELFRICH & FACTOR P.C. 1600 Stout Street, Suite 1900 Denver, CO 80202 Telephone: (303) 534-4499 E-mail: JWeinman@allen-vellone.com KSender@allen-vellone.com About Canyon Creek Villas, LLC Canyon Creek Villas LLC is a Colorado-based single asset real estate company that owns and manages condominium units in Boulder. Canyon Creek Villas LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-11683) on March 28, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Kimberley H. Tyson handles the case. The Debtor is represented by Jeffrey A. Weinman, Esq. at ALLEN VELLONE WOLF HELFRICH & FACTOR, P.C. CAPRI HOLDINGS: S&P Affirms 'BB' ICR, Outlook Negative ------------------------------------------------------ S&P Global Ratings affirmed all of its ratings on luxury accessory retailer Capri Holdings Ltd., including its 'BB' issuer credit rating. The outlook remains negative. S&P said, "Concurrently, we withdrew our 'BBB-' issue-level rating and '1' recovery rating on the company's term loan, as it has been repaid. In addition, we affirmed the 'BBB-' rating and '1' recovery rating on the company's $1.5 billion revolver due July 2027. "The negative outlook reflects that we could lower the ratings if Capri sustains leverage above the low-3x area over the next year. "Capri used the $1.375 billion of proceeds from its sale of Versace to materially reduce outstanding debt. Pro forma for the debt repayment, we forecast leverage will fall near 3x for fiscal 2026 from 4.3x for the LTM period ended Sept. 2025." However, its two remaining brands--Michael Kors and Jimmy Choo--are undergoing strategy changes and the company is undergoing a restructuring, renovation and transformation program to restore future growth. The affirmation reflects S&P's less-favorable view of Capri's business risk profile despite significant debt repayment. The company's revenue continues to decline, reflecting brand-specific challenges across its portfolio. At Michael Kors, for example, sales declined 3.8% in the first half of fiscal 2026, primarily due strategic missteps in pricing, channel strategy, and product assortment. Jimmy Choo also reported a 6.4% decline in the first half of fiscal 2026, attributable to a continued deceleration in demand for certain fashion luxury categories, particularly within EMEA and Asia, where consumer spending remains subdued. The continued revenue decline and resulting profitability erosion--along with high costs to turn around the brands--have weakened our view of the company's competitive position amid the challenging luxury fashion retail environment. The company used the proceeds from the Versace sale to completely repay its term loan facility and partially pay-down a portion of its revolver balance. As of Sept. 27, 2025, Capri had approximately $712 million outstanding under its term loan and was reliant on its revolving credit facility to fund operations, with $1.0 billion drawn. S&P said, "Pro forma for the debt paydown, we estimate last-12-month leverage will decline near 3x for fiscal 2026, a substantial improvement from 4.3x in fiscal 2025. We also expect leverage to remain near 3x thereafter." The increased revolver availability will provide more cushion to withstand potential execution risks as Capri Holdings focuses on reinforcing its core brands. The company did authorize a new $1 billion share-repurchase program, with the expectation to resume share repurchases in fiscal 2027. At this time, S&P expects share repurchases to be funded with free operating cash flow generation and not incremental debt. S&P said, "We expect profitability will weaken over the next 12 months as the company spends to renovate stores and restructure its operations. Capri announced a sizable, multiyear investment program of $350 million to renovate approximately half its store base. However, there's limited visibility into the returns from these upgrades, particularly given the volatile and uneven backdrop within the luxury fashion industry. The enforced tariff rate on U.S. imports and expenses associated with the ongoing transformation program will suppress the profitability meaningfully in the back-half of the year. While ongoing tariff exposure and a still-promotional marketplace present headwinds, we anticipate modest operating leverage as sales stabilize and selling, general, and administrative expenses normalize in fiscal 2027 and beyond." Capri's strategic reset carries execution risks amid uneven luxury fashion demand. S&P projects a gradual revenue recovery beginning in fiscal 2027, supported by the recalibration of product and merchandising strategies at Michael Kors, improving momentum within key categories such as handbags, and a stabilization of international demand. The company is implementing initiatives to refine its pricing architecture and reduce promotional activity, with the aim of enhancing sales quality. While these changes are intended to improve profitability, they also carry the risk of further dampening demand if consumer response is less favorable than anticipated due to the competitive landscape or declining consumer demand from weakening macroconditions. The negative outlook reflects that S&P could lower the ratings if leverage remains above the low-3x area due to a delay in operating performance and EBITDA improvement. S&P could lower our rating on Capri if leverage exceeds the low-3x area on a sustained basis. This could occur if: -- A weak macroeconomic environment and lack of product resonance lead to continued sales declines; -- Costs and investments required to turn around the business appear to exceed the company's current plans, eroding profitability; or -- The company adopts a more aggressive financial policy by using debt to fund shareholder-friendly activities. S&P could revise the outlook to stable if the company successfully executes its improvement strategy and it expects leverage to be maintained in the low-3x area or below. This could occur if: -- Revenue and profitability growth is restored and sustained, demonstrating a track record of brand momentum and resonance, specifically for Michael Kors. -- Financial policies are supportive of maintaining leverage near forecasted levels, including not increasing leverage for shareholder returns. CAPTAIN BLIGH'S: Hires Blanchard Law P.A. as Counsel ---------------------------------------------------- Captain Bligh's Landing, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Blanchard Law, P.A. as counsel. The firm will render these services: (a) give the Debtor legal advice with respect to their powers and duties in the continued operation of their business and management of their property; (b) prepare, on the behalf of the Debtor, necessary legal papers and appear at hearings thereon; and (c) perform all other legal services for the Debtor. The firm will be paid at these rates: Attorney $400 per hour Associates $350 per hour Paralegal $100 per hour In addition, both firms will seek reimbursement for expenses incurred. The firm received from the Debtor a retainer of 16,738, inclusive of the filing fee of $1,738. Mr. Blanchard disclosed in court filings that their firms are "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firms can be reached through: Jake C. Blanchard, Esq. Blanchard Law, P.A. 8221 49th Street North Pinellas Park, FL 33781 Tel: (727) 531-7068 Fax: (727) 535-2086 Email: Jake@jakeblanchardlaw.com About Captain Bligh's Landing, Inc. Captain Bligh's Landing, Inc. operates an 18-hole themed miniature golf course featuring caves, waterfalls, and a pirate-ship structure on Clearwater Beach, Florida. The Company provides family-oriented recreational and arcade entertainment at its facility on South Gulfview Boulevard, serving local residents and tourists. Captain Bligh's Landing filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08562) on November 14, 2025, with $2,011,893 in assets and $317,736 in liabilities. Anastasios Anastasopoulos, president, signed the petition. Judge Catherine Peek Mcewen presides over the case. Jake C. Blanchard, Esq. at BLANCHARD LAW, P.A. represents the Debtor as legal counsel. CASPER INC: Seeks to Hire David Freydin PC as Bankruptcy Counsel ---------------------------------------------------------------- Casper Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire he Law Offices of David Freydin PC as its bankruptcy counsel. The firm will provide these services: (a) negotiating with creditors; (b) preparing a plan and financial statements; and (c) examining and resolving claims filed against the estate. The Debtor proposes to retain the Law Offices of David Freydin PC on an hourly basis at these rates: David Freydin $450 Jan Michael Hulstedt $425 Derek V. Lofland $425 The firm received a $10,000 pre-petition retainer. As disclosed in the court filings, Law Offices of David Freydin PC believes he does not hold or represent any interest adverse to the Estate and is a "disinterested person" within the meaning of Section 327(a) of the Bankruptcy Code. The firm can be reached at: David Freydin, Esq. Law Offices of David Freydin, LTD. 8707 Skokie Blvd, Suite 312 Skokie, IL 60077 Telephone: (847) 972-6157 Facsimile: (866) 897-7577 E-mail: david.freydin@freydinlaw.com About Casper Inc. Casper Inc. operates in the restaurants industry. Casper Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-17514) on November 12, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Judge Timothy A. Barnes handles the case. David Freydin, Esq., at Law Offices of David Freydin Ltd. represents the Debtor as bankruptcy counsel. CENTER CITY HEALTHCARE: Claims to be Paid From Sale Proceeds ------------------------------------------------------------ Center City Healthcare, LLC, and affiliates, and the Official Committee of Unsecured Creditors submitted an Amended Disclosure Statement relating to the Joint Amended Plan of Liquidation dated December 2, 2025. PAHS is a Delaware limited liability company that is the direct or indirect parent company of: (i) Center City Healthcare, LLC d/b/a Hahnemann University Hospital ("CCH"), a Delaware limited liability company that operated Hahnemann University Hospital ("HUH"), (ii) St. Christopher's Healthcare, LLC d/b/a St. Christopher's Hospital for Children ("SCH"), a Delaware limited liability company that operated St. Christopher's Hospital for Children ("STC," and together with HUH, the "Hospitals"), and (iii) the Hospitals' affiliated physician groups (the "Physician Groups"). On July 9, 2019, the Debtors filed a motion (the "Resident Sale Motion") to transfer HUH's graduate medical education training programs to Tower Health, as the stalking horse bidder (the "Stalking Horse Bidder"), or to such other successful bidder (the "Successful Bidder"). Although no stalking horse bidder was selected and no auction was held, the Debtors, with the assistance of SSG, held discussions with several parties and ultimately reached agreement with STC OpCo, LLC, an entity owned jointly by Tower and Drexel University. Pursuant to this agreement, and subject to certain terms and conditions, STC OpCo agreed to purchase substantially all of the operating assets of STC and its affiliated practice groups pursuant to an asset purchase agreement (the "STC APA") for a gross price of $50 million, subject to up to a $2.0 million credit for the cost of certain medical malpractice coverage to be obtained by STC OpCo in connection with the acquisition. Following the MOU Implementation Date (as defined in the MOU) of September 13, 2022 [D.I. 4261], the Debtors, in consultation with the Oversight Committee, began to take steps to prepare the Real Estate for sale. Following its retention, SSG (and for the time during which it served as joint broker, Newmark), together with the Debtors, actively marketed the Real Estate. On or about March 9, 2025, the Debtors received offers from 222 North Broad LLC, 200 North Broad LLC and 201 North 15th LLC, affiliates of Dwight City Group LLC (together, "Dwight" or the "Dwight Stalking Horse Purchaser") to purchase the North and South Towers and the Race Street Assemblage (the "N/S Towers and Race Street Assemblage Sale"). Following extensive good faith negotiations, on April 28, 2025, the Debtors and Dwight entered into an Agreement of Sale on April 28, 2025 for the Race Street Assemblage, and an Agreement of Sale for the North and South Towers (together, as amended, the "Dwight Stalking Horse Agreements"). The Dwight Stalking Horse Agreements provide for, inter alia, (i) a purchase price of $4,450,000 for the Race Street Assemblage and $7,050,000 for the North and South Towers, (ii) bid protections for Dwight in the form of 3% of the purchase price of the applicable Real Estate (which equals $187,500.00 for the Race Street Assemblage, and $300,000.00 for the North and South Towers) and an expense reimbursement not to exceed 1% of the applicable purchase price,(iii) closing no later than sixty days following entry of an Approval Order, and (iv) the Ironstone Condition Precedent. Class 2 consists of General Unsecured Claims against any of the Debtors. The Plan provides that on the Initial Distribution Date, if a Class 2 General Unsecured Claim is Allowed at least thirty days prior to the Initial Distribution Date, the Holder of such Allowed Claim shall receive, from the Debtors' Distribution Account, Cash equal to (i) the amount of its Allowed Class 2 General Unsecured Claim, as applicable, multiplied by (ii) the Initial Distribution Percentage. On each Subsequent Distribution Date, if a Class 3B General Unsecured Claim is Allowed at least thirty (30) days prior to such Subsequent Distribution Date, the Holder of such Allowed Claim will receive, from the Debtors' Distribution Account (i) a Catch Up Distribution, if applicable, and (ii) Cash equal to (a) the amount of its Allowed Class 3B General Unsecured Claim, multiplied by (b) the then-current Interim Distribution Percentage. On the Final Distribution Date, each Holder of an Allowed Class 2 General Unsecured Claim shall receive, from the Debtors' Distribution Account (i) a Catch-Up Distribution, if applicable, and (ii) Cash equal to (a) the amount of its Allowed Class 2 General Unsecured Claim, as applicable, multiplied by (b) the Final Distribution Percentage. The Plan provides that Holders of Class 4 Interests will not receive any property or interest in property on account of their Interests, which will be cancelled and terminated upon the dissolution of the Debtors as provided herein. The Plan provides that pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, the Plan incorporates a compromise and settlement of numerous inter-Debtor issues. The Plan is designed to achieve an economic settlement of Claims against the Debtors and an efficient, just and equitable resolution of these Chapter 11 Cases. This global settlement constitutes a settlement of a number of potential litigation issues, including issues regarding substantive consolidation between and among the Debtors, the validity and enforceability of Intercompany Claims, the allocation of borrowings (and use of such borrowings) from the DIP Agent and from the Debtors' pre-Petition Date lenders, and the allocation of expenses and sale proceeds among the Debtors' Estates. The Plan provides notwithstanding anything to the contrary set forth therein, any Real Estate not sold prior to the Effective Date shall be managed, marketed, and sold in accordance with Schedule 3(b) of the MOU. For the avoidance of doubt, the net proceeds of any sale of Real Estate shall be distributed in the manner set forth in Schedule 3(b) to the MOU. The Plan provides that on and after the Effective Date, without further approval of the Bankruptcy Court, the Debtors' Representative will, in accordance with the Plan but subject to Schedule 3(b) of the MOU with respect to the Real Estate, liquidate the remaining property of the Debtors (the "Remaining Assets"), including without limitation all Causes of Action, the HPP Assets and the Real Estate, and in connection therewith, may use, sell, assign, transfer, abandon or otherwise dispose of at a public or private sale any of the Remaining Assets for the purpose of liquidating or converting such assets to Cash; provided, however, that nothing in the Plan restricts the right of the Debtors' Representative to seek Bankruptcy Court approval for the sale, assignment, transfer or other disposal of the Remaining Assets after the Effective Date. A full-text copy of the Amended Disclosure Statement dated December 2, 2025 is available at https://urlcurt.com/u?l=6Jxuxh from Omni Management Group, Inc., claims agent. Attorneys for the Debtors: Mark Minuti Monique B. DiSabatino SAUL EWING ARNSTEIN & LEHR LLP 1201 North Market Street, Suite 2300 P.O. Box 1266 Wilmington, DE 19899 Telephone: (302) 421-6800 Facsimile: (302) 421-5873 E-mail: mark.minuti@saul.com monique.disabatino@saul.com - and - Jeffrey C. Hampton Adam H. Isenberg 1500 Market Street, 38th Floor Philadelphia, PA 19102 Telephone: (215) 972-7777 Facsimile: (215) 972-7725 E-mail: jeffrey.hampton@saul.com adam.isenberg@saul.com Attorneys for the Official Committee of Unsecured Creditors: Andrew H. Sherman, Esq. Boris Mankovetskiy, Esq. Sills Cummis & Gross P.C. One Riverfront Plaza Newark, NJ 07102 Telephone: (973) 643-6982 Email: asherman@sillscummis.com bmankovetskiy@sillscummis.com -and- Thomas M. Horan, Esq. Fox Rothschild LLP 919 North Market Street, Suite 300 Wilmington, DE 19801 Tel: 302-480-9412 Fax: 302-656-8920 Email: thoran@foxrothschild.com About Center City Healthcare, LLC d/b/a Hahnemann University Hospital Center City Healthcare, LLC is a Delaware limited liability company that operates Hahnemann University Hospital. Its parent company is Philadelphia Academic Health System, LLC, which is also the parent company of St. Christopher's Healthcare, LLC and its affiliated physician groups. Center City Healthcare and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11466) on June 30, 2019. At the time of the filing, the Debtors listed $100 million to $500 million in both assets and liabilities. Judge Kevin Gross oversees the cases. The Debtors tapped Saul Ewing Arnstein & Lehr LLP as legal counsel; EisnerAmper LLP as restructuring advisor; SSG Advisors, LLC as investment banker; and Omni Management Group, Inc. as claims and noticing agent. CENTRAL JUNCTION: Seeks to Hire JDR Auction as Auctioneer --------------------------------------------------------- Central Junction, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to employ JDR Auction Services of Florida, LLC, d/b/a John Roebuck Auctions as auctioneer. The firm will auction and well the Debtor's new apartment building known as "Central Lofts," located at 300 Glenn Rogers Blvd., Memphis, TN. The firm shall be entitled to charge and collect from the successful bidder and purchaser of Debtor's property an amount referred to as a "Buyer's Premium" equal to 10 percent of the successful bid price, which shall be added to the bid price to constitute the "Gross Sale Price," plus a commission equal to 10 percent of the Gross Sales Price, which shall be due and payable by the Seller/Debtor. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: John Roebuck JDR Auction Services of Florida, LLC d/b/a John Roebuck Auctions 5400 Park Avenue, Suite 113 Memphis, TN 38119 Tel: (901) 763-2825 Fax: (901) 486-0839 About Central Junction, LLC Central Junction, LLC is classified as a single-asset real estate debtor under Section 101(51) of the U.S. Bankruptcy Code. Central Junction, LLC in Memphis TN, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Tenn. Case No. 25-25292) on Oct. 15, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Marion Threatt as member, signed the petition. Judge Denise E Barnett oversees the case. MARCUS D. WARD, PLLC serve as the Debtor's legal counsel. CHOICE ELECTRIC: Seeks Subchapter V Bankruptcy in Colorado ---------------------------------------------------------- On December 1, 2025, Choice Electric LLC filed for 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 Choice Electric LLC Choice Electric LLC, established in 1985, is a full-service electrical contractor serving the Greater Denver area, including Lakewood, Aurora, Littleton, and Boulder, Colorado. The Company specializes in commercial and industrial projects, providing design and installation, system upgrades and tenant improvements, new construction wiring, and ongoing maintenance, while also offering custom electrical solutions for high-end residential homes. It serves a range of sectors, including commercial and office buildings, warehouses, entertainment venues, retail spaces, community facilities, airports, hangars, and municipal buildings. Choice Electric LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-17873) on December 1, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Jeffrey A. Weinman, Esq. of MICHAEL BEST & FRIEDRICH LLP CHRISTOS FARM: Case Summary & 10 Unsecured Creditors ---------------------------------------------------- Debtor: Christos Farm, LLC 7641 Edgewater Acres Circle Alexandria, PA 16611 Business Description: Christos Farm, LLC is a Pennsylvania-based real-estate holding company with primary assets at 7653 Edgewater Acres Circle, Alexandria, PA 16611. Classified under NAICS 7211 (Traveler Accommodation), the Company owns and manages property used for short-term lodging and related hospitality service. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Middle District of Pennsylvania Case No.: 25-03504 Judge: Hon. Henry W Van Eck Debtor's Counsel: Lawrence V. Young, Esq. CGA LAW FIRM 135 North George Street York, PA 17401-1132 Tel: 717-848-4900 Fax: 717-843-9039 E-mail: lyoung@cgalaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Paul Rallis as owner. 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/2NNKZTA/Christos_Farm_LLC__pambke-25-03504__0001.0.pdf?mcid=tGE4TAMA CITY ON A HILL: Seeks Chapter 11 Bankruptcy in Wisconsin -------------------------------------------------------- On December 5, 2025, City on a Hill Inc. filed for Chapter 11 protection in the Eastern District of Wisconsin. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 50–99 creditors. About City on a Hill Inc. City on a Hill Inc. operates as a community-focused nonprofit organization offering programs and services designed to support youth, families, and neighborhood development. City on a Hill Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 25-26829) on December 5, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Katherine M. Perhach handles the case. The Debtor is represented by Paul G. Swanson, Esq. of Swanson Sweet LLP. CLEAN ENERGY: Issues 2.28MM Shares on Note Conversions, Warrants ---------------------------------------------------------------- Clean Energy Technologies, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that between November 21 and December 1, 2025, it issued the following shares of common stock: On or about November 21, 2025, issued 152,000 shares of common stock to Mast Hill Fund, L.P. pursuant to its conversion of $150,950.59 in principal, interest and fees owed under the convertible promissory note issued to Mast Hill dated February 27, 2025. On or about November 25, 2025: a. the Company issued 75,132 shares of common stock to Pacific Pier Capital II, LLC, pursuant to its conversion of $72,164.29 in principal, interest and fees owed under the convertible promissory note issued to Pacific Pier dated April 4, 2025. b. the Company issued 252,884 shares of common stock to Mast Hill pursuant to its conversion of $242,890.02 in principal, interest and fees owed under the convertible promissory note issued to Mast Hill dated February 27, 2025. c. the Company issued 90,773 shares of common stock to Mast Hill pursuant to its conversion of $87,185.92 in principal, interest and fees owed under the convertible promissory note issued to Mast Hill dated February 27, 2025. On or about November 26, 2025, the Company issued 1,264,420 shares of common stock to Mast Hill pursuant to its exercise of warrants issued to Mast Hill dated January 16, 2025. On or about December 1, 2025: a. the Company issued 195,867 shares of common stock to Mast Hill pursuant to its exercise of warrants issued to Mast Hill dated January 16, 2025. b. the Company issued 106,097 shares of common stock to Pacific Pier pursuant to its conversion of $101,904.82 in principal, interest and fees owed under the convertible promissory note issued to Pacific Pier dated April 4, 2025. c. the Company issued 141,009 shares of common stock to Mast Hill pursuant to its exercise of warrants issued to Mast Hill dated February 28, 2025. The foregoing shares were issued pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended provided by Section 3(a)(9) of the Securities Act, as the shares of common stock were issued either upon: (i) conversion of convertible promissory notes issued by the Company, or (ii) cashless exercise of warrants issued by the Company, there was no additional consideration for the exchanges, and there was no remuneration for the solicitation of the exchanges. About Clean Energy Headquartered in Irvine, California, Clean Energy Technologies, Inc. -- http://www.cetyinc.com-- develops renewable energy products and solutions and establishes partnerships in renewable energy that make environmental and economic sense. The Company's mission is to be a segment leader in the Zero Emission Revolution by offering eco-friendly energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. The Company targets sustainable energy solutions that are profitable for it, profitable for its customers, and represent the future of global energy production. Diamond Bar, California-based TAAD, LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated April 14, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has an accumulated deficit and negative cash flows from operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $14,798,895 in totalassets, $7,703,762 in total liabilities, and $7,095,133 in total stockholders' equity. CLEARSIDE BIOMEDICAL: Hires Epiq as Claims and Noticing Agent ------------------------------------------------------------- Clearside Biomedical Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Epiq Corporate Restructuring, LLC as claims and noticing agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. The hourly rates of Epiq's professionals are as follows: IT/Programming $50 to $105 Case Managers $119 to $175 Consultants/Directors/Vice Presidents $155 to $185 Solicitation Consultant $190 Executive Vice President, Solicitation $195 Before the petition date, the Debtors provided Epiq a retainer in the amount of $25,000. Alex Warso, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alex Warso Epiq Corporate Restructuring, LLC 777 Third Avenue, 11th Floor New York, NY 10017 About Clearside Biomedical Inc. Clearside Biomedical, Inc. is a biopharmaceutical firm specializing in the development and commercialization of treatments for eye diseases. Clearside Biomedical Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12109) on November 23, 2025. In its petition, the Debtor reports estimated assets of $1 million - $10 million and estimated liabilities of $50 million - $100 million. The Debtor is represented by Daniel J. DeFranceschi, Esq. CLEVELAND AVENUE: Hires Statman Harris LLC as Attorney ------------------------------------------------------ Cleveland Avenue Cafe, Inc., dba Sirens, seeks approval from the U.S. Bankruptcy Court for the Southern District of Ohio to employ Statman Harris, LLC as attorney. The firm will provide these services: a. take all necessary actions to protect and preserve the property of the bankruptcy estate, including the prosecution of actins on the Debtor's behalf, the defense of any actions commenced against the Debtor or the Estate, negotiations concerning all litigation in which the Debtor may currently be involve, and objections to claims filed against the Estate; b. prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate herein; c. negotiate and prepare on behalf of the Debtor and the estate a plan of reorganization and all related documents; and d. perform all other necessary legal services in connection with the Chapter 11 Subchapter V case. The firm will be paid at these rates: William B. Fecher $500 per hour Alan Statman $500 per hour Paralegals $110 per hour The firm received $10,000 for pre-petition work, $1,738 as filing fee, and $20,000 as retainer. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Fecher disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: William B. Fecher, Esq. Statman Harris, LLC 35 E. 7th St., Ste 315 Cincinnati, OH 45202 Tel: (513) 328-2666 Email: (513) 328-2666 About Cleveland Avenue Cafe, Inc. dba Sirens Cleveland Avenue Cafe Inc. operates as a food-service business in Ohio, offering cafe-style meals and beverage options. Its menu features coffee, tea, pastries, light fare, and other staples aimed at serving local customers, commuters, and surrounding businesses. Cleveland Avenue Cafe Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-55028) on November 13, 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 Tiffany Strelow Cobb handles the case. The Debtor is represented by William B. Fecher, Esq. of Statman, Harris & Eyrich, LLC. COUTURE INVESTMENTS: Seeks to Hire Riggi law Firm as Counsel ------------------------------------------------------------ Couture Investments 1, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Riggi law Firm as counsel. The firm's services include: (a) institute, prosecute, or defend any contested matters arising out of this bankruptcy proceeding in which the Debtor may be a party; (b) assist in the recovery and obtaining necessary court approval for recovery and liquidation of estate assets, and assist in protecting and preserving the same where necessary; (c) assist in determining the priorities and status of claims and in filing objections thereto where necessary; (d) assist in preparation of a Chapter 11 plan; and (e) advise the Debtor and perform all other legal services which may be or become necessary in this bankruptcy proceeding. The firm will be paid at these rates: Partners $500 per hour Associates $100 per hour The firm received from the Debtor a retainer of $5,000. David Riggi, Esq. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David A. Riggi, Esq. Riggi Law Firm 7900 W. Sahara Ave. #100 Las Vegas, NV 89117 Telephone: (702) 463-7777 Facsimile: (888) 306-7157 Email: RiggiLaw@gmail.com About Couture Investments 1, LLC Couture Investments 1, LLC holds full ownership of a commercial property at 2031 W Sunset Road, Henderson, Nevada, with an estimated value of $2.1 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-16348) on October 23, 2025, with $2,100,076 in assets and $1,324,084 in liabilities. Kenneth Couture, managing member, signed the petition. David A. Riggi, Esq., at Riggi Law Firm represents the Debtor as bankruptcy counsel. COW CREEK: Seeks to Hire BFMW Group PLLC as Accountant ------------------------------------------------------ Cow Creek Towing & Recover LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to employ BFMW Group, PLLC as accountant. The firm will assist the Debtor in preparing monthly operating reports, tax returns and bookkeeping. The firm will be paid at these rates: Robert Hollis, CPA $175 per hour Support Staffs/Bookkeeper $100 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Hollis disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert Hollis BFMW Group, PLLC 115 West Market Street Post Office Box 937 Greenwood, MS 38935-0937 Tel: (662) 453-3235 About Cow Creek Towing & Recover LLC Cow Creek Towing & Recovery LLC provides towing and roadside assistance services across northeast Mississippi, operating multiple locations. The Company offers accident recovery, heavy-duty towing, and flatbed towing, supported by certified tow truck operators and specialized equipment. It also provides hazardous spill cleanup services as part of its towing and recovery operations. Cow Creek Towing & Recovery LLC in Pontotoc, MS, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Miss. Case No. 25-13765) on Nov. 4, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Casey Smith Finn signed the petition as member. Judge Jason D Woodard oversees the case. NEWMAN & NEWMAN serve as the Debtor's legal counsel. COW CREEK: Seeks to Hire Newman & Newman as Counsel --------------------------------------------------- Cow Creek Towing & Recover LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to employ Newman & Newman as counsel. The firm will render these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of business; (c) appear in, prosecute, or defend suits and proceedings, and take all ecessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accunts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning it which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these rates: J. Walter Newman IV, Attorney $400 per hour Paralegal $200 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $25,000 paid by Christy Smith. Mr. Newman IV disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: J. Walter Newman IV, Esq. Newman & Newman 601 Renaissance Way, Suite A Telephone: (601) 948-0586 Email: wnewman95@msn.com About Cow Creek Towing & Recover LLC Cow Creek Towing & Recovery LLC provides towing and roadside assistance services across northeast Mississippi, operating multiple locations. The Company offers accident recovery, heavy-duty towing, and flatbed towing, supported by certified tow truck operators and specialized equipment. It also provides hazardous spill cleanup services as part of its towing and recovery operations. Cow Creek Towing & Recovery LLC in Pontotoc, MS, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Miss. Case No. 25-13765) on Nov. 4, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Casey Smith Finn signed the petition as member. Judge Jason D Woodard oversees the case. NEWMAN & NEWMAN serve as the Debtor's legal counsel. CREATIVE BUILD: June 3 Governmental Claims Bar Date --------------------------------------------------- On December 5, 2025, Creative Build LLC initiated a voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Rhode Island. Court documents show the company holds between $1 million and $10 million in assets and carries between $1 million and $10 million in liabilities. The government claim deadline has been set for June 3, 2026. About Creative Build LLC Creative Build LLC is a construction and development company specializing in residential and commercial building projects. Creative Build LLC filed for Chapter 11 protection (Case No. 25-10961) on December 5, 2025, listing estimated assets and liabilities each ranging from $1 million to $10 million. The case is overseen by Honorable Judge John A. Dorsey Jr. The Debtor is represented by legal counsel. CROCKETT OPERATING: Seeks Chapter 11 Bankruptcy in Texas -------------------------------------------------------- On December 1, 2025, Crockett Operating LLC filed for Chapter 11 protection in the Northern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 50–99 creditors. About Crockett Operating LLC Crockett Operating LLC operates as a U.S.-based limited liability company focused on overseeing its business operations and managing related assets. Crockett Operating LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-44700) on December 1, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Joshua N. Eppich, Esq. of Bonds Ellis Eppich Schafer Jones LLP. CRS SERVICES: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- CRS Services Limited received interim approval from the U.S. Bankruptcy Court for the District of Nevada to use cash collateral. The court authorized the Debtor to use cash collateral from November 17 through December 24, in accordance with the budget, allowing for up to a 10% aggregate deviation. The use of cash collateral is limited to ordinary-course expenditures and must comply strictly with the budget terms. The court prohibited the Debtor from granting any liens or security interests that would be senior or equal to existing pre-petition liens. To protect the U.S. Small Business Administration during this interim period, the court granted the agency multiple forms of adequate protection. These include a Section 507(b) superpriority administrative expense claim; monthly payments of $2,516; and replacement liens under Section 361(2) on the Debtor's post-petition property and proceeds, but only to the extent of any diminution in value of the SBA's collateral. This protection does not constitute any determination of the validity or priority of the SBA's pre-petition liens. A final hearing is scheduled for December 24. The interim order is available at https://is.gd/ydVpwt from PacerMonitor.com. About CRS Services Limited CRS Services, Limited provides home security systems, alarm systems, UL-listed monitoring, and video surveillance services for residential and commercial clients across Nevada through its CRS Home Services division, and it also offers smart home automation systems that integrate with Brinks Home Security monitoring. It additionally provides solar panel and battery backup solutions along with water filtration systems and operates from Henderson, Nevada. CRS Services filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nevada Case No. 25-16917) on November 17, 2025, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Steven D. Boyer, managing member, signed the petition. Judge August B. Landis presides over the case. Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC represents the Debtor as legal counsel. DAN LEPORE & SONS: Hires Asterion Inc. as Financial Advisor ----------------------------------------------------------- Dan Lepore & Sons Company seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Asterion, Inc. as financial advisors. The firm's services include: a. assist management in preparing short-term cash flow projections and in modifying and updating such projections, as required; b. assist management in assessing the Debtor's strategic options, and developing the related financial projections; c. assist management in the development and preparation of an operating plan and longer-term cash flow projections as well as the presentation of such plans, as requested; d. assist management and counsel with the Chapter 11 filing, if necessary, including assistance various motions such as financing and other tasks as requested by management and/or counsel as may be necessary to provide for an orderly filing; e. assist management in the development of the financial aspects of a restructuring plan, including preparation of financial projections, liquidation analysis and other schedules in support of the plan of reorganization process; f. assist management, as requested, with requests for due diligence support; g. assist the Debtor with the preparation of reports and communications with the Debtor's creditor constituencies; h. assist the Debtor with the preparation and review of the various reporting requirements of the Court during the Chapter 11 proceeding, if necessary; i. assist with the development, evaluation, negotiation and execution of any potential plan of reorganization or restructuring transaction; j. assist the Debtor in the negotiations with lenders, creditors, and other parties-in-interest regarding any potential plan of reorganization or restructuring transaction, as requested; k. assist management in preparing the Debtor to present itself to sources of equity, financing, and/or potential acquirers and advise management throughout the attendant discussions and negotiations, as requested; l. assist with the analysis and reconciliation of claims against the Debtor; m. provide testimony at any hearings that constitute part of the Chapter 11 process, including, without limitation, financial matters relating to a plan of reorganization, the feasibility of such reorganization plan and the valuation attributed to the entity; n. interact with other retained professionals, such as attorneys and accountants, and lenders and creditors' committee, if any, and other parties-in-interest; o. potential expert testimony; and p. perform such other tasks as appropriate and as may be requested by the Debtor's management or the Debtor's counsel. The firm will be paid at these rates: Principals and Managing Directors $325 to $595/hour Senior Consultants $225 to $370/hour Associates and Staff $100 to $245/hour Asterion has requested a post-petition retainer in the amount of $20,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Gregory Harris, a principal at Asterion, Inc., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Gregory Harris, Esq. Asterion, Inc. 1617 JFK Boulevard, Suite 1040 Philadelphia, PA 19103 Tel: (215) 893-9901 About Dan Lepore & Sons Company Dan Lepore & Sons Company provides construction and restoration services through divisions focused on stone work, unit masonry, and restoration, offering design/build capabilities along with rigging and scaffolding. Dan Lepore & Sons Company filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14757) on November 21, 2025. At the time filing, the Debtor estimates $1 million to $10 million in both assets and liabilities. The petition was signed by Gregory J. Lepore as president. Aris J. Karalis, Esq. at KARALIS PC represents the Debtor as counsel. DARKPULSE INC: Secures Uplisting to OTCQB Venture Market -------------------------------------------------------- DarkPulse, Inc. announced on December 2, 2025, that its application for uplisting from the OTCID market to the OTCQB Venture Market has been officially approved by OTC Markets Group. This strategic move positions DarkPulse on a premier tier for early-stage and developing companies, marking a significant step forward in the Company's growth trajectory. DarkPulse's proprietary BOTDA (Brillouin Optical Time Domain Analysis) dark-pulse based sensor technology delivers real-time, continuous monitoring and data analytics for essential infrastructure, including oil & gas pipelines, national borders, rail systems, telecommunications networks, and aerospace applications. As global demand for smart city solutions and resilient infrastructure intensifies, this uplisting underscores DarkPulse's commitment to transparency, compliance, and innovation at the forefront of critical asset security. "Today's approval is a testament to the hard work of our team and the unwavering support of our shareholders," said Dennis O'Leary, Chairman and CEO of DarkPulse. "Uplisting to OTCQB not only elevates our visibility but also aligns us with the rigorous standards that attract sophisticated investors worldwide. We are particularly excited about the opportunities this creates for exploring listings on international exchanges, such as those in Europe and the Middle East, to fuel our expansion into high-growth markets like the APAC and MENA regions where infrastructure upgrades are accelerating." Key Benefits of Trading on the OTCQB Venture Market The OTCQB market, often referred to as the "QB level," is designed for entrepreneurial and venture-stage companies seeking to build market presence while adhering to elevated qualitative and disclosure standards. For DarkPulse, this transition offers several transformative advantages: * Enhanced Visibility and Liquidity: OTCQB provides a centralized platform with real-time quotes, improved market maker participation, and broader access to institutional and retail investors, potentially increasing trading volume and share liquidity. * Superior Financing Opportunities: As a more established tier, OTCQB unlocks access to diverse funding sources, including equity offerings, debt instruments, and strategic partnerships. This includes better types of funding such as venture capital infusions and bank lines of credit, often at more favorable terms--potentially reducing interest rates and overall borrowing costs compared to Pink sheet trading, based on industry benchmarks for compliant uplisted firms. * Gateway to Global Exchanges: With OTCQB's international recognition, DarkPulse is well-positioned to pursue cross-listings on exchanges outside the United States, such as the London Stock Exchange's AIM market or the Hong Kong Stock Exchange. These opportunities could accelerate market penetration in emerging regions, enabling faster scaling of DarkPulse's technology deployments for smart cities and resource security. * Investor Confidence and Compliance: The market's requirements for annual verification, current reporting, and audited financials foster greater trust, attracting analysts and funds that prioritize governance--paving the way for mergers, acquisitions, and R&D investments. DarkPulse commenced trading on OTCQB under the symbol "DPLS" on November 28, 2025. The Company remains focused on executing its pipeline of projects, including recent expansions in aerospace and partnerships for global infrastructure monitoring. About DarkPulse Inc. Houston, Texas-based DarkPulse, Inc. is a technology-security company incorporated in 1989 as Klever Marketing, Inc. Its wholly-owned subsidiary, DarkPulse Technologies Inc., originally started as a technology spinout from the University of New Brunswick, Fredericton, Canada. The Company's security and monitoring systems will initially be delivered in applications for border security, pipelines, the oil and gas industry, and mine safety. Current uses of fiber optic distributed sensor technology have been limited to quasi-static, long-term structural health monitoring due to the time required to obtain the data and its poor precision. The Company's patented BOTDA dark-pulse sensor technology allows for the monitoring of highly dynamic environments due to its greater resolution and accuracy. Lagos, Nigeria-based Boladale Lawal & Co., the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 14, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company suffered an accumulated deficit of $71,259,677, net loss of $3,893,859 and a negative working capital of $17,160,706. The Company is dependent on obtaining additional working capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $2,033,461 in total assets, $20,262,215 in total liabilities, and $18,228,754 in total stockholders' deficit. DAYTONA THUNDER: Case Summary & Two Unsecured Creditors ------------------------------------------------------- Debtor: Daytona Thunder, LLC 801 Main Street Daytona Beach, FL 32118 Business Description: Daytona Thunder, LLC owns a commercial property at 801 Main Street Daytona Beach, FL 32118. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court Middle District of Florida Case No.: 25-07885 Judge: Hon. Grace E Robson Debtor's Counsel: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC 1501 E. Concord Street Orlando, FL 32803 Tel: 407-894-6834 E-mail: jeff@bransonlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jerome Berkowitz as managing member. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TCTAYFI/Daytona_Thunder_LLC__flmbke-25-07885__0001.0.pdf?mcid=tGE4TAMA DEL MONTE: Continues to Search for Buyer in Chapter 11 ------------------------------------------------------ Matt Durr of MLive reports that Del Monte Foods is still operating under Chapter 11 as it pursues a buyer for the company. The historic food company, which has been serving American families for 139 years with canned fruits and vegetables, said mounting financial liabilities have created operational pressures. The company's portfolio includes the Del Monte brand as well as Contadina, Joyba, and College Inn. CEO Greg Longstreet explained that a court-supervised sale process is the most efficient way to strengthen the company, improve its capital structure, and prepare it for a sustainable future, according to report. As part of the bankruptcy proceedings, Del Monte secured $912.5 million in new financing to maintain normal operations. The company has continued production during this period, including key packing seasons, while navigating shifts in consumer demand and broader economic challenges, the report states. Longstreet emphasized that, despite the difficulties, Del Monte remains dedicated to its core mission of providing high-quality, nutritious food. He thanked employees, growers, customers, vendors, and lenders for their support and said the company is working toward long-term growth under a potential new ownership structure, the report cites. About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DIESEL DEVELOPMENT: Hires Castle Rock Tax Services as Accountant ---------------------------------------------------------------- Diesel Development Systems, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Castle Rock Tax Services as accountant. The firm will prepare the Debtor's annual federal and state tax returns, month-end book reviews, and month-end reporting at a monthly rate of $250. The firm received a one-time retainer of $500. As disclosed in the court filings, Castle Rock Tax Services is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Nathaniel D. Jackson, EA Castle Rock Tax Services 20 Regina Drive McKees Rocks, PA 15136-1032 Phone: (412) 947-2228 About Diesel Development Systems Diesel Development Systems, LLC operates the Diesel Sports Complex, a sports and training facility located in Cranberry Township, Pennsylvania. The Company owns the 9043 Marshall Road property, which features indoor and outdoor turf fields used for athletic training and recreational events. Diesel Development Systems is classified under the amusement and recreation industry and conducts business primarily in western Pennsylvania. Diesel Development Systems filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22796) on Oct. 17, 2025, listing up to $10 million in both assets and liabilities. Brian C. Thompson, Esq., at Thompson Law Group, PC serves as the Debtor's counsel. DIOCESE OF SANTA ROSA: Hires Kronenberg Law as Litigation Counsel ----------------------------------------------------------------- Roman Catholic Bishop of Santa Rosa seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Kronenberg Law PC as litigation counsel. The firm will represent the Debtor in connection with the state court trial of the John Roe 695 Action and the John Doe T.B. Action. Kronenberg Law will be paid on its usual hourly rates. As disclosed in the court filings, Kronenberg Law has no connection, as such term is used in section 101(14)(C) of the Bankruptcy Code. The firm can be reached through: William S. Kronenberg, Esq. KRONENBERG LAW PC One Kaiser Plaza Ste 1675 Oakland, CA 94612 Phone: (510) 254-6767 Email: wkronenberg@krolaw.com About Roman Catholic Bishop of Santa Rosa The Roman Catholic Bishop of Santa Rosa is a diocese, or ecclesiastical territory, of the Roman Catholic Church in the Northern California region of the United States, named in honor of St. Rose of Lima. Abuse victims filed hundreds lawsuits after the state of California paused for three years its statute of limitation on claims for child sexual abuse. The pause ended on Dec. 31, 2022. Facing more than 200 new legal claims over childhood sexual abuse, the Roman Catholic Bishop of Santa Rosa, also known as the Diocese of Santa Rosa, filed a Chapter 11 petition (Bankr. N.D. Calif. Case No. 23-10113) on March 13, 2023. The Debtor estimated $10 million to $50 million in both assets and liabilities. The Hon. Charles Novack is the case judge. The Debtor tapped Felderstein Fitzgerald Willoughby Pascuzzi & Rios, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as financial advisor; and Donlin, Recano & Company, Inc. as claims agent. Shapiro Galvin Shapiro & Moran, Weinstein & Numbers, LLP, and Foley & Lardner, LLP serve as special counsels. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. Stinson, LLP and Berkeley Research Group, LLC serve as the committee's legal counsel and financial advisor, respectively. DIOCESE OF SANTA ROSA: Hires Taylor Anderson as Litigation Counsel ------------------------------------------------------------------ Roman Catholic Bishop of Santa Rosa seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Taylor | Anderson LLP as litigation counsel. The firm will represent the Debtor in connection with the state court trial of the John SR16 Doe Action. All compensation paid to Taylor | Anderson with respect to the John SR-16 Doe Action shall be at its usual hourly rates for similar services in non-bankruptcy matters. As disclosed in the court filings, Taylor | Anderson LLP is a "disinterested person" within the meaning of Bankruptcy Code section 101(14). The firm can be reached through: Zachary Rutman, Esq. Taylor | Anderson LLP 3000 El Camino Real, Building 4, Suite 200 Palo Alto, CA 94306 Phone: (650) 561-3061 Email: (858) 382-1953 Ezrutman@talawfirm.com About Roman Catholic Bishop of Santa Rosa The Roman Catholic Bishop of Santa Rosa is a diocese, or ecclesiastical territory, of the Roman Catholic Church in the Northern California region of the United States, named in honor of St. Rose of Lima. Abuse victims filed hundreds lawsuits after the state of California paused for three years its statute of limitation on claims for child sexual abuse. The pause ended on Dec. 31, 2022. Facing more than 200 new legal claims over childhood sexual abuse, the Roman Catholic Bishop of Santa Rosa, also known as the Diocese of Santa Rosa, filed a Chapter 11 petition (Bankr. N.D. Calif. Case No. 23-10113) on March 13, 2023. The Debtor estimated $10 million to $50 million in both assets and liabilities. The Hon. Charles Novack is the case judge. The Debtor tapped Felderstein Fitzgerald Willoughby Pascuzzi & Rios, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as financial advisor; and Donlin, Recano & Company, Inc. as claims agent. Shapiro Galvin Shapiro & Moran, Weinstein & Numbers, LLP, and Foley & Lardner, LLP serve as special counsels. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. Stinson, LLP and Berkeley Research Group, LLC serve as the committee's legal counsel and financial advisor, respectively. DIOCESE OF SANTA ROSA: Taps Shapiro Galvin as Special Counsel ------------------------------------------------------------- The Roman Catholic Bishop of Santa Rosa seeks approval from the U.S. Bankruptcy Court for the Northern District of California to continue the employment of Shapiro Galvin Shapiro & Moran as its special corporate and litigation counsel. The firm will perform these initial and additional services: The initial services are: (a) assist the debtor in possession and its primary bankruptcy counsel in the course of the Debtor's reorganization on matters falling within SGSM's expertise or special knowledge; (b) assist the debtor in possession with its business, transaction and non-abuse litigation work in the ordinary course of its business; (c) continue to assist the debtor in possession in the matters identified; and (d) assist the debtor in possession, its insurance counsel and primary bankruptcy The additional services with respect to the Released State Court Actions are: a. consult, review, and assist Lead Defense Counsel, upon request of Lead Defense Counsel with discovery and law and motion practice; b. attend and participate in depositions and at all or part of any trial upon request of Lead Defense Counsel; c. all other tasks performed by Associate Defense Counsel at the request of or with the approval of Lead Defense Counsel; and d. participate and associate with any and all aspects of the Released State Court Actions. The firm's hourly rates are: Partners $350 Associates $235 Paralegals $145 As disclosed in court filings, Shapiro neither represents nor holds any interest adverse to the Debtor or the estate with respect to the matters on which it is to be employed. The firm can be reached through: Daniel J. Galvin III, Esq. Shapiro, Galvin Shapiro & Moran 640 Third Street, 2nd Floor Santa Rosa, CA 95404-4445 Telephone: (707) 544-5858 Facsimile: (707) 544-6702 About Roman Catholic Bishop of Santa Rosa The Roman Catholic Bishop of Santa Rosa is a diocese, or ecclesiastical territory, of the Roman Catholic Church in the Northern California region of the United States, named in honor of St. Rose of Lima. Abuse victims filed hundreds lawsuits after the state of California paused for three years its statute of limitation on claims for child sexual abuse. The pause ended on Dec. 31, 2022. Facing more than 200 new legal claims over childhood sexual abuse, the Roman Catholic Bishop of Santa Rosa, also known as the Diocese of Santa Rosa, filed a Chapter 11 petition (Bankr. N.D. Calif. Case No. 23-10113) on March 13, 2023. The Debtor estimated $10 million to $50 million in both assets and liabilities. The Hon. Charles Novack is the case judge. The Debtor tapped Felderstein Fitzgerald Willoughby Pascuzzi & Rios, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as financial advisor; and Donlin, Recano & Company, Inc. as claims agent. Shapiro Galvin Shapiro & Moran, Weinstein & Numbers, LLP, and Foley & Lardner, LLP serve as special counsels. The U.S. Trustee for Region 17 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. Stinson, LLP and Berkeley Research Group, LLC serve as the committee's legal counsel and financial advisor, respectively. DOLPHIN SHORES: Seeks to Hire Cheek Legal as Bankruptcy Counsel --------------------------------------------------------------- Dolphin Shores Investments LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Cheek Legal, PLLC, as to handle the bankruptcy proceedings. The firm received an initial retainer in the amount of $7,500. Cheek Legal, PLLC is a "disinterested person" within the meaning of 11 U.S.C. 101(14), according to court filings. The firm can be reached through: Clayton W. Cheek, Esq. Cheek Legal, PLLC 310 Craven Street, Suite 12 New Bern, NC 28560 Office: (252) 210-4311 Direct: (252) 210-4321 Email: clayton@cheeklegal.com About Dolphin Shores Investments LLC Dolphin Shores Investments LLC is a single asset real estate company. Dolphin Shores Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-04467) on November 9, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Clayton W. Cheek, Esq. of Cheek Legal, PLLC. EL SABOR: Gets Interim OK to Use Cash Collateral ------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of New York issued an interim order authorizing El Sabor Dominicano Corp. to use the cash collateral of its secured creditors. The court authorized the Debtor to use up to $255,740 in cash collateral from November 14 to December 18 in accordance with its budget. The Debtor may exceed each budget line item by up to 10%, giving limited flexibility in its operational expenditures. The budget shows total operational expenses of $85,330 from November 24 to December 18. To protect secured creditors against any diminution in value of their collateral, the court granted them replacement liens on all post-petition assets of the Debtor, subject to a fee carveout. These liens attach automatically without the need for additional filings and carry the same extent and validity as the creditors' pre-bankruptcy liens. In addition, the Debtor must make monthly adequate protection payments of $500 to each secured creditor. The secured creditors are BizFund, LLC, Everest Business Funding, the Internal Revenue Service, and the New York State Department of Taxation & Finance. The Debtor's authority to use cash collateral will terminate upon case dismissal or conversion, modification of the order without creditor consent, material failure to comply with the order, or exceeding 110% of any budget line item without justification. A final hearing is scheduled for December 17, with objections due by December 10. About El Sabor Dominicano Corp. El Sabor Dominicano Corp. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-73680) on September 25, 2025, listing $100,001 to $500,000 in both assets and liabilities. Judge Alan S Trust presides over the case. The Debtor is represented by the Law Office of Raymond W. Verdi, Jr., Esq. EMORY INDUSTRIAL: Hires Walentine O'Toole as Special Counsel ------------------------------------------------------------ Emory Industrial Services 1, Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Walentine O'Toole, LLP as special counsel. The firm's services include: -- advising the Debtors with respect to rights, powers and duties as to the South Dakota state court litigation in which Debtors are named defendants; -- advising the Debtors concerning, and assisting in the removal of state court litigation to the Bankruptcy Court for the District of South Dakota; -- advising the Debtors concerning, and assisting in the transfer of the removed matter to the Northern District of Texas Bankruptcy Court; and -- preparing on behalf of the Debtors all necessary and appropriate applications, motions, pleadings, draft orders, notices, and other documents, related to matters presented to and litigated in the South Dakota state and federal courts. The firm will be paid at these rates: Partners $365 to $415 per hour Associates $275 per hour Paraprofessionals $150 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Knickrehm disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Craig Knickrehm, Esq. Walentine O'Toole, LLP 11240 Davenport Street P.O. Box 540125 Omaha, NE 68154 Tel: (402) 330-6300 About Emory Industrial Services 1, Inc. Emory Industrial Services 1 Inc., based in Abilene, Texas, provides industrial cleaning, maintenance, and repair services for heavy equipment and machinery, including dry ice blasting for surface cleaning. The Company serves sectors such as oil and gas, food and beverage, power generation, manufacturing, agriculture, and construction. Emory Dry Ice 1, Inc., operating under the Emory Dry Ice brand, produces and distributes dry ice products for industries such as pharmaceuticals, food, and logistics. Emory Industrial Products, Inc. and Emory Industrial Holdings, Inc. are affiliated entities within the Emory Industrial Services group. Emory Industrial Services 1 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44148) on October 27, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Joseph F. Postnikoff, Esq., at Rochelle McCullough, LLP. EMPIRE TRIMODAL: Hires Johnson Legal Services as Legal Counsel -------------------------------------------------------------- Empire Trimodal Terminal, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to hire Johnson Legal Services, PLLC as legal counsel. The firm will provide these services: (a) rendering legal advice with respect to the rights, power, and duties of the Debtor in the management of its property; (b) investigating and, if necessary, instituting legal action on behalf of the Debtor to collect and recover assets of the estate; (c) preparing all necessary pleadings, orders, and reports with respect to this proceeding and rendering all other necessary or proper legal services; (d) assisting and counseling Debtor in the preparation, presentation, and confirmation of a plan of reorganization; (e) representing Debtor as may be necessary to protect its interests; and (f) performing all other legal services that may be necessary and appropriate in the general administration of Debtor's estate. The firm will charge an hourly rate of $450 for attorneys and $110 for paralegals. Johnson Legal, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Ryan W. Johnson, Esq. Johnson Legal Services, PLLC 1049 Market Street Wheeling, WV 26003 Phone: (304) 212-4950 Email: Johnson.legal.services.pllc@gmail.com About Empire Trimodal Terminal, LLC Empire Trimodal Terminal, LLC operates an inland multi-modal port facility in Follansbee, West Virginia, providing barge, rail, and truck logistics services. The Company manages bulk and breakbulk cargo, container storage, liquid transfer and storage, and associated warehousing and laydown yards. Empire Trimodal Terminal, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.W.V. Case No. 25-00668) on November 19, 2025, listing $10 million to $50 million in both assets and liabilities. The petition was signed by Frank J. Rosso as CEO. Judge David L Bissett presides over the case. Ryan W. Johnson, Esq. at JOHNSON LEGAL SERVICES, PLLC serves as the Debtor's counsel. ENCOMPASS 53: Hires Michael Best & Friedrich LLP as Legal Counsel ----------------------------------------------------------------- Encompass 53 LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Michael Best & Friedrich LLP as counsel. The firm will be providing legal advice and representation in connection with the general administration of the Estate, confirmation of any proposed plan of reorganization, all other contested and adversary matters that arise in this case, investigation and litigation of any avoidance or other action the Estate may have, and other legal services for Debtor related to or arising out of contested matters in this bankruptcy case. The professionals' hourly rates are: Patrick D. Vellone $725 Jeffrey A. Weinman $650 Lance Henry $395 Partners $475 to $750 Associates $350 to $450 Paralegals $120 to $225 The firm has received a $25,000 retainer pre-petition. As disclosed in the court filings, Michael Best & Friedrich LLP is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14). Th firm can be reached through: Jeffrey A. Weinman, Esq. MICHAEL BEST & FRIEDRICH LLP 675 15th Street, Suite 2000 Denver, CO 80202 Tel: (720) 240-9515 Email: jeffrey.weinman@michaelbest.com About Encompass 53 LLC Encompass 53 LLC is a private healthcare services company delivering home-based medical and non-medical care. Its offerings include skilled nursing, therapy services, and daily living support, aimed at enhancing comfort, independence, and overall health for patients in residential settings. Encompass 53 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-17693) on November 21, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities of $1 million to $10 million each. Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case. The Debtor is represented by Jeffrey Weinman, Esq. of Michael Best & Friedrich LLP. ENERGY FOCUS: Raises $1.2 Million in Private Placement ------------------------------------------------------ Energy Focus, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on November 26, 2025, the Company entered into a Securities Purchase Agreement with each of its Chief Executive Officer and Chief Financial Officer, Mr. Chiao Chieh (Jay) Huang, and MAN-BO HOTEL CO. LTD, an affiliate entity, respectively, pursuant to which the Company agreed to issue and sell in a private placement, 262,009 shares of the Company's common stock, par value $0.0001 per share to each, and in aggregate, 524,018 shares of Common Stock for a purchase price per share of $2.29, the closing price of the Common Stock on the day immediately preceding the date of the Purchase Agreement, totaling $1,200,000. A full-text copy of the Purchase Agreement is available at https://tinyurl.com/jjpj7k92 About Energy Focus Solon, Ohio-based Energy Focus -- http://www.energyfocus.com-- engages primarily in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems and controls. The Company develops, markets, and sells high-quality light-emitting diode ("LED") lighting and controls products in the commercial market and military maritime market. Columbus, Ohio-based GBQ Partners, LLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated March 25, 2025, attached in the Company's Annual Report on Form 10-K for the year ended Dec. 25, 2024, citing that the Company has suffered recurring losses from operations and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $5.2 million in total assets, $2.1 million in total liabilities, and $3.1 million in total stockholders' equity. ENGINEERS OF TOMORROW: May 30 Governmental Claims Bar Date ---------------------------------------------------------- On December 1, 2025, Engineers of Tomorrow LLC filed for Chapter 11 protection in the Northern District of Texas. According to court filing, the Debtor reports $1,080,502 in debt owed to 1 and 49 creditors. The deadline for government proof of claim is one May 30, 2026. About Engineers of Tomorrow LLC Engineers of Tomorrow LLC operates early childhood education centers in Desoto, Texas, offering programs for children aged two months to five years, including EOT STEM Academy, Engineers of Tomorrow STEM PreSchool, and EOT Infant University. The Company emphasizes STEM-enriched learning, problem-based approaches, and low child-to-teacher ratios to foster creativity, self-expression, and early development. Its programs are led by a Texas-certified EC-12 administrator and focus on preparing children for kindergarten while addressing achievement gaps through rigorous early education. Engineers of Tomorrow LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-34741) on December 1, 2025. In its petition, the Debtor reports total assets of $28,402 and total liabilities of $1,080,502. Honorable Bankruptcy Judge Stacey G. Jernigan handles the case. The Debtor is represented by C. Daniel Herrin, Esq. of HERRIN LAW, PLLC ENNIS I-45: Gets Final OK to Use Cash Collateral ------------------------------------------------ Ennis I-45 11 Acre, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Texas to use its secured creditors' cash collateral. The final order authorized the Debtor to use cash collateral to pay the expenses set forth in its final budget. This budget was updated to include the ad valorem property taxes due on February 2, 2026, along with paid and projected quarterly U.S. trustee fees. The Debtor must use cash collateral solely for the expenses identified in the final budget and may not deviate from it unless Real Estate Holdings, LLC and Bay Point Capital Partners II, LP agree in writing. As adequate protection for the Debtor's use of their cash collateral, Real Estate Holdings and Bay Point will receive replacement liens on property currently owned or to be acquired by the Debtor, excluding Chapter 5 causes of action. The replacement liens will have the same priority as the secured creditors' pre-bankruptcy liens, subject to the fee carveout. In case of any diminution in the value of their collateral, the secured creditors will be granted an allowed superpriority administrative expense claim against the Debtor's estate. Real Estate Holdings and Bay Point hold first lien and second lien, respectively, on all assets of the Debtor. The final order is available at https://is.gd/JmO1Wb from PacerMonitor.com. About Ennis I-45 11 Acre Ennis I-45 11 Acre, LLC (doing business as Ennis Luxury RV Resort) is an upscale RV park located just outside of Dallas, Texas, in Ennis. Ennis I-45 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-31219) on April 1, 2025. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $10 million to $50 million. The petition was signed by John McGaugh as manager. Kyung S. Lee, Esq., at Shannon and Lee, LLP is the Debtor's legal counsel. Real Estate Holdings, LLC, as secured creditor, is represented by: Marc W. Taubenfeld, Esq. Munsch Hardt Kopf & Harr, P.C. 500 N. Akard St., Suite 4000 Dallas TX 75201 Telephone: (214) 855-7523 Facsimile: (214) 855-7585 mtaubenfeld@munsch.com Bay Point Capital Partners II, LP, as secured creditor, is represented by: Jeff P. Prostok, Esq. Emily S. Chou, Esq. J. Blake Glatstein, Esq. Vartabedian Hester & Haynes, LLP 301 Commerce St., Suite 3635 Fort Worth, TX 76102 Telephone: (817)214-4990 Facsimile: (214)817) 214-4988 Jeff.prostok@vhh.law Emily.chou@vhh.law Blake.glatstein@vhh.law EPONA HOLDINGS: Seeks Chapter 11 Bankruptcy in California --------------------------------------------------------- On December 4, 2025, Epona Holdings LLC sought Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of California. Court filings show the Debtor lists between $100,001 and $1,000,000 in liabilities and identifies 1–49 creditors. About Epona Holdings LLC Epona Holdings LLC is a single asset real estate company. Epona Holdings LLC filed its Chapter 11 petition (Bankr. E.D. Cal. Case No. 25-26813) on December 4, 2025. The company reports estimated assets ranging from $100,001 to $1,000,000 and an equal amount in estimated liabilities. The matter is assigned to Honorable Bankruptcy Judge Christopher M. Klein. EXPERT INC: Amy Denton Mayer Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for Expert, Inc. Ms. Mayer 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. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About Expert Inc. Expert, Inc., doing business as Expert Solar, provides solar, HVAC, electrical, and facility maintenance solutions to federal, commercial, and industrial clients across the United States, focusing on energy efficiency, sustainability, and operational reliability. The Company designs, installs, and maintains renewable energy systems, advanced battery storage, and integrated energy management infrastructure, supporting clients with long term performance optimization and compliance with evolving energy standards. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08928) on November 26, 2025, with $85,491 in assets and $3,188,008 in liabilities. Juan Garcia, chief executive officer, signed the petition. Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. EXPERT INC: Section 341(a) Meeting of Creditors on December 22 -------------------------------------------------------------- On November 26, 2025, Expert Inc. filed for Chapter 11 protection in the Middle District of Florida. According to court filing, the Debtor reports $3,188,008 in debt owed to 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on December 22, 2025 at 02:30 PM. U.S. Trustee (Van Baalen) will hold the meeting telephonically. Call in Number: 888-330-1716. Passcode: 7886851#. About Expert Inc. Expert Inc., d/b/a Expert Solar, provides solar, HVAC, electrical, and facility maintenance solutions to federal, commercial, and industrial clients across the United States, focusing on energy efficiency, sustainability, and operational reliability. The Company designs, installs, and maintains renewable energy systems, advanced battery storage, and integrated energy management infrastructure, supporting clients with long-term performance optimization and compliance with evolving energy standards. Expert Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08928) on November 26, 2025. In its petition, the Debtor reports total assets of $85,491 and total liabilities of $3,188,008. The Debtor is represented by Buddy D. Ford, Esq. of FORD & SEMACH, P.A. F-STAR SOCORRO: Seeks to Hire O'Melveny & Myers LLP as Counsel -------------------------------------------------------------- F-Star Socorro, L.P. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ O'Melveny & Myers LLP as counsel. The firm's services include: a) advising the Debtors of their rights, powers, and duties as debtors and debtors in possession in the management and operation of their businesses; b) preparing on behalf of the Debtors all necessary and appropriate applications, motions, draft orders, other pleadings, notices, schedules, and other documents, and reviewing all financial and other reports to be filed in the Debtors' chapter 11 cases; c) advising the Debtors on, and preparing responses to, applications, motions, other pleadings, notices, and other papers that may be filed and served in the Debtors' chapter 11 cases; d) advising the Debtors on actions that they might take to collect and recover property for the benefit of their estates; e) advising the Debtors on executory contracts and unexpired lease assumptions, assignments, and rejections; f) assisting the Debtors in reviewing, estimating, and resolving any claims asserted against their estates; g) advising the Debtors in connection with potential sales of assets and assisting the Debtors in negotiations with potential purchasers; h) commencing and conducting litigation necessary or appropriate to assert rights held by the Debtors, protect assets of their estates, or otherwise further the goals of the Debtors' restructuring; i) assisting the Debtors in obtaining the Court's approval of the Debtors' use of cash collateral and/or postpetition financing; j) attending meetings and representing the Debtors in negotiations with representatives of creditors and other parties in interest; k) advising the Debtors on tax matters; l) advising and assisting the Debtors in connection with the preparation, solicitation, confirmation, and consummation of a chapter 11 plan; and m) performing all other necessary legal services in connection with the Debtors' chapter 11 cases. The Debtors provided OMM with advance payments in the amount of $1,452,500 to establish a retainer. As disclosed in the court filings, O'Melveny & Myers LLP is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, and does not hold or represent an interest adverse to the Debtors' estates. The firm can be reached through: Julian Gurule, Esq. O'Melveny & Myers LLP 400 South Hope Street, 19th Floor Los Angeles, CA 90071 Tel: (213) 430-6000 About F-Star Socorro, L.P. F-Star Socorro, L.P. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90607) on November 4, 2025, listing up to $50,000 in both assets and liabilities. Judge Alfredo R Perez presides over the case. Nicholas J Hendrix, Esq. at O'Melveny & Myers LLP represented the Debtor as counsel. F-STAR SOCORRO: Seeks to Hire Ordinary Course Professionals ----------------------------------------------------------- F-Star Socorro, L.P. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to retain professionals utilized in the ordinary course of business. The Debtors need ordinary course professionals to perform services for matters unrelated to these Chapter 11 cases. The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The Debtors do not believe that any of the OCPs have an interest materially adverse to them, their estates, creditors, or other parties in interest in connection with the matter upon which they are to be engaged. The OCPs include: Cohen Dowd Quigley 2425 E Camelback Rd, Phoenix, AZ 85016 --Provides legal services related to Arizona state court litigation between Debtors and RC PV Lender I LLC. ScottHulse PC 201 E Main St, El Paso, TX 79901 --Provides legal services related to Texas state court litigation between Debtors and RC PV Lender I LLC. Milligan Lawless 5050 N. 40th Street, Suite 200, Phoenix, AZ 85018 --Provides legal services related to Arizona state court litigation between Debtors and Multi-Gen Development LLC. Hendricks Murphy PLLC 1440 E Missouri Ave., Suite C-225 Phoenix, AZ 85014 --Provides legal services related to any estate homes litigation. Tafts, Stettinius & Hollister, LLP 111 E. Wacker Dr., Ste 2600, Chicago, IL 60601 --Provides legal services related to Illinois federal court litigation between Debtors and Stein Ray LLP. Molique Law PLLC 11111 N Scottsdale Rd Ste 205R Scottsdale, AZ 8525 --Provides legal services related to Arizona state court litigation between Debtors and Multi-Gen Development LLC. Holden Willits PLC Two North Central Avenue, Suite 2000 Phoenix, AZ 85004 --Provides legal services related to Arizona state court litigation between Debtors and Multi-Gen Development LLC. Doyle Hernandez Millam 11811 N Tatum Blvd, Ste 2900, Phoenix, AZ 85028 --Provides legal services related to Arizona federal court litigation between Debtors and NDesign Incorporated. About F-Star Socorro, L.P. F-Star Socorro, L.P. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90607) on November 4, 2025, listing up to $50,000 in both assets and liabilities. Judge Alfredo R Perez presides over the case. Nicholas J Hendrix, Esq. at O'Melveny & Myers LLP represented the Debtor as counsel. F-STAR SOCORRO: Taps Lance Miller of Pivot Management Group as CRO ------------------------------------------------------------------ F-Star Socorro, L.P. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Pivot Management Group, LLC and designate Lance Miller as the chief restructuring officer. The firm's services include: (a) in coordination with the Debtors' proposed general bankruptcy counsel, O'Melveny & Myers LLP, devising various restructuring strategies and assessing the business and financial impact of those strategies; (b) negotiating with the Debtors' relevant stakeholders in connection with such strategies; (c) developing and implementing cash management and cash flow forecasting processes; (d) preparing and maintaining liquidity and cash projections and reporting of actual results; (e) providing strategic communication services, including, but not limited to, assessment and development of a strategic communications plan; development of communications materials; coordination of media contacts, interviews, and other placements; and guidance in interactions with media outlets customers/clients, suppliers/vendors, and other business partners as appropriate; (f) assisting with the administration of the chapter 11 cases; (g) assisting with negotiations and other interactions with the Debtors' stakeholders and their respective advisors in connection with the chapter 11 cases; and (h) providing advice and recommendations with respect to other related matters as the Debtors or their professionals may request from time to time. The firm's hourly rates are: Partners $1,300 Managing Director $1,100 Senior Directors $825 Directors $675 Senior Analysts $575 Analysts $425 Pivot has agreed to a 7.5% reduction on its standard hourly rates. Pivot will also be compensated $50,000 per month for services provided by Mr. Miller as CRO. Pivot is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Lance Miller Pivot Management Group, LLC 1230 Rosecrans Ave, Ste 530 Manhattan Beach, CA 90266-2486. Telephone: (323) 774-7122 Facsimile: (323) 774-7122 Email: lance.miller@pivotgrp.com About F-Star Socorro, L.P. F-Star Socorro, L.P. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90607) on November 4, 2025, listing up to $50,000 in both assets and liabilities. Judge Alfredo R Perez presides over the case. Nicholas J Hendrix, Esq. at O'Melveny & Myers LLP represented the Debtor as counsel. FAIRFIELD WILLIAMSBURG: Case Summary & 23 Top Unsecured Creditors ----------------------------------------------------------------- Debtor: Fairfield Williamsburg Property Owners Association, Inc. 220 House of Burgess Way Williamsburg, VA 23185 Business Description: Fairfield Williamsburg Property Owners Association, Inc. is a Virginia-based corporate entity that holds a minority stake in The Fairfield Williamsburg Property at 220 House of Burgess Way, Williamsburg. The association is owned by PTVO Owners Association, Inc., Worldmark by Wyndham, and Wyndham Vacation Resorts, Inc., and participates in the property's interval- ownership governance alongside hundreds of individual timeshare holders. Its operations are conducted through professional management, accounting, and administrative services. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Eastern District of Virginia Case No.: 25-51179 Debtor's Counsel: Robert S. Westermann, Esq. SPOTTS FAIN PC 411 E Franklin St, Ste 600 Richmond, VA 23219 Tel: 804-697-2000 E-mail: rwestermannspottsfain.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Daniel MacLaughlin as president. A full-text copy of the petition, which includes a list of the Debtor's 23 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5T27TBI/Fairfield_Williamsburg_Property__vaebke-25-51179__0001.0.pdf?mcid=tGE4TAMA FAIRFIELD WILLIAMSBURG: Seeks Chapter 11 Bankruptcy in Virginia --------------------------------------------------------------- On December 5, 2025, Fairfield Williamsburg Property Owners Association filed for Chapter 11 protection in the Eastern District of Virginia. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Fairfield Williamsburg Property Owners Association Fairfield Williamsburg Property Owners Association is a nonprofit organization responsible for the administration and management of the Fairfield Williamsburg neighborhood. Fairfield Williamsburg Property Owners Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 25-51179) on December 5, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The Debtor is represented by Neil E. McCullagh, Esq. of Spotts Fain PC. FAN SZECHUAN: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------------- On December 3, 2025, Fan Szechuan Cuisine Inc. filed for Chapter 11 protection in the Southern District of New York. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About Fan Szechuan Cuisine Inc. Fan Szechuan Cuisine Inc is a restaurant operator focusing on authentic Szechuan dishes. Fan Szechuan Cuisine Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12701) on December 3, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Lisa G Beckerman handles the case. FISHER'S FUEL: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Fisher's Fuel, Inc. 1387 S. Johnsons Road Wasilla AK 99623 Business Description: Fisher's Fuel, Inc. provides home heating oil delivery, bulk fuel supply services, and operates retail fuel locations in the Matanuska-Susitna Valley area of Alaska. The Company serves residential and commercial customers through its distribution and retail operations across the region. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court District of Alaska Case No.: 25-00223 Judge: Hon. Gary Spraker Debtor's Counsel: Austin Barron, Esq. STEP TWO LAW 3300 Arctic Blvd 201-1090 Anchorage AK 99503 Tel: 877-478-3789 E-mail: abarron@steptwolaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Brittany Lais as special bankruptcy officer. 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/P6LSXSQ/Fishers_Fuel_Inc__akbke-25-00223__0001.0.pdf?mcid=tGE4TAMA FLUENT INC: Replaces SLR Credit Facility with $30MM Bay View Deal ----------------------------------------------------------------- Fluent, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on November 25, 2025, the Company and Fluent, LLC, a wholly owned subsidiary of the Company, entered into an Accounts Receivable Finance Agreement with CSNK Working Capital Finance Corp. d/b/a Bay View Funding. Under the Financing Agreement, Bay View may extend financing to the Company based on eligible domestic and foreign accounts receivable, subject to a maximum aggregate advance amount of $30 million. The Financing Agreement has an initial term of 36 months and renews automatically for additional 12-month periods unless terminated in accordance with its terms. The Company is required to pay a facility fee and finance charges based on a floating interest rate, as well as certain administrative fees. The Company's obligations under the Financing Agreement are secured by a security interest in substantially all of the Company's assets. A full-text copy of the Financing Agreement is available at https://tinyurl.com/4wrxz6mv In connection with the entry into the Financing Agreement, on November 26, 2025, the Company caused the repayment in full of all indebtedness, liabilities and other obligations under, and terminated, the Credit Agreement with certain of its subsidiaries and the Company, as guarantors, and Crystal Financial LLC d/b/a SLR Credit Solutions, as administrative agent, lead arranger and bookrunner, and each other lender from time to time party thereto. In accordance with the terms of the SLR Credit Agreement, the Company paid an early termination fee of $1.0 million. Upon termination and payment in full of all amounts due, all liens and security interests securing the SLR Credit Agreement were released. About Fluent Inc. Fluent, Inc. -- https://www.fluentco.com -- provides commerce media solutions that connect brands with consumers through customer acquisition and digital marketing campaigns. The Company utilizes proprietary machine learning, first-party data, and diverse ad inventory across partner ecosystems and owned sites. Headquartered in the U.S., Fluent has operated in the performance marketing sector since 2010. New York, New York-based Grant Thornton LLP issued a "going concern" qualification in its report dated March 31, 2025, citing that as of Dec. 31, 2024, the Company was not in compliance with financial covenants of the SLR Credit Agreement. On March 10, 2025, the Company entered into the Fourth Amendment to the SLR Credit Agreement, which among other things, waived the non-compliance with the financial covenants as of Dec. 31, 2024. The Company's business plan for 2025, contemplates reduced operating losses, maintaining compliance with the revised financial covenants under the SLR Credit Agreement and obtaining additional working capital. The Company's ability to achieve the foregoing elements of its business plan and maintaining compliance with its financial covenants is uncertain and raises substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $74.47 million in total assets, against $55.35 million in total liabilities. GBI SERVICES: Hires Epiq Corporate as Claims and Noticing Agent --------------------------------------------------------------- GBI Services, LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Epiq Corporate Restructuring, LLC as claims and noticing agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. The hourly rates of Epiq's professionals are as follows: IT/Programming $50 to $105 Case Managers $119 to $175 Consultants/Directors/Vice Presidents $155 to $185 Solicitation Consultant $190 Executive Vice President, Solicitation $195 Before the petition date, the Debtors provided Epiq a retainer in the amount of $25,000. Alex Warso, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alex Warso Epiq Corporate Restructuring, LLC 777 Third Avenue, 11th Floor New York, NY 10017 About Nicklaus Companies/GBI Services Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. It operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. Nicklaus Companies, GBI Services LLC and their affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12088) on November 21, 2025. In its petition, Lead Debtor GBI Services reported estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. The petitions were signed by Philip D Cotton as chief executive officer. Honorable Bankruptcy Judge Craig T. Goldblatt handles the cases. The Debtors are represented by Richards, Layton & Finger, P.A. and Weil Gotshal & Manges LLP. Alvarez & Marsal North America, LLC serves as financial and restructuring advisor to the Debtors, Cassel Salpeter & Co serves as investment banker, and Epiq Corporate Restructuring LLC acts as claims and noticing agent. GIAPREET LLC: Seeks Chapter 11 Bankruptcy w/ $35MM Debt ------------------------------------------------------- Yun Park of Law360 reports that Giapreet LLC, a Long Island real estate holding company, has sought Chapter 11 protection in New York, listing slightly more than $35 million in liabilities. The filing allows the company to reorganize its finances under court supervision while continuing business operations. In its petition, Giapreet LLC cites significant debt obligations tied to its real estate portfolio and plans to use the bankruptcy process to reach agreements with creditors. The reorganization is intended to create a more sustainable financial structure going forward. About Giapreet LLC Giapreet LLC is a Long Island real estate holding company. Giapreet LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-74654) on December 4, 2025. In its petition, the Debtor repors assets between $10 million and $50 million and estimated liabilities of more than $35 million. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtor is represented by Marc A. Pergament, Esq. of Weinberg, Gross, & Pergament, LLP. GRACE BAPTIST: Seeks Approval to Hire RE-MMAP Inc. as Accountant ---------------------------------------------------------------- Grace Baptist Church St. Lucie, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ RE-MMAP Inc. to provide accounting services. The firm will render these services: a. provide a weekly recording of all the church offering envelopes; b. generate weekly reports detailing activities of income and expenses by church programs by Thursday of each week; c. provide business consultation ad it relates to the church financials; d. provide a monthly review meeting of the church financials; e. provide year-end reports, including all Form 1099's; and f. set up and operate QuickBooks online for all the church's financial records. The firm will charge a monthly fee of $800. As disclosed in the court filings, Jacqueline McIntosh, CPA and RE-MMAP Inc. are disinterested as required by 11 U.S.C. Sec. 327(a). The firm can be reached through: Jacqueline McIntosh, CPA RE-MMAP Inc. 1555 Palm Beach Lakes Blvd., Ste 400 West Palm Beach, FL 3401 Telephone: (561) 623-0241 Facsimile: (561) 953-0089 Email: info@re-mmap.com About Grace Baptist Church St. Lucie, Inc. Grace Baptist Church St. Lucie Inc., based on SE Lennard Road in Port Saint Lucie, Florida, delivers religious services and community-focused programs for a diverse, multi-generational congregation, including worship services, Bible studies, and children's activities, and functions within the U.S. religious institutions sector. Grace Baptist Church St. Lucie Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-22641) on October 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Tarek K Kiem, Esq. of KIEM LAW PLLC. HANSEN-MUELLER CO: Court Okays Asset Sale After Deal with Creditors ------------------------------------------------------------------- Todd Neeley of Progressive Farmer reports that Hansen-Mueller Co. will move forward with the sale of its assets in December 2025 after reaching agreement with the unsecured creditors committee on the bidding process, according to a hearing in the U.S. Bankruptcy Court for the Western District of Nebraska. The committee had previously objected, citing concerns that a rapid sale could limit recoveries under Chapter 11. Chief Judge Thomas L. Saladino heard from attorneys representing both the company and the creditors committee, who said the proposed timeline was now acceptable. The plan calls for bids to be submitted by December 12, 2025, with an auction set for December 16 if needed, and a sale hearing scheduled for December 22, 2025, the report states. Hansen-Mueller has been actively marketing its assets since September through Ascendant Partners, Inc., generating multiple letters of intent. The sale will include the company's Toledo operations and inventory, along with property leases in Superior, Wisconsin; Duluth, Minnesota; Sioux City and Council Bluffs, Iowa; and Grand Forks, North Dakota, according to report. The auction will also cover grain inventory and forward contracts connected to these and additional locations, potentially organized into separate lots with stalking horse bidders. Hansen-Mueller confirmed that assets held through a joint venture with Nautilus Ventures at the Port of Houston will be excluded. Notices regarding contract assumptions and potential assignments will be sent to counterparties during the process, the report states. About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen PC, LLO as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. HIGHLANDS AT STONEGATE: Hires Kutner Brinen as Counsel ------------------------------------------------------ The Highlands at Stonegate North Condominium Association seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Kutner Brinen Dickey Riley, P.C. as counsel. The firm will provide these services: (a) provide the Debtor with legal advice with respect to its powers and duties; (b) aid the Debtor in the development of a plan of reorganization under Chapter 11; (c) file the necessary petitions, pleadings, reports, and actions which may be required in the continued administration of the Debtor's property under Chapter 11; (d) take necessary actions to enjoin and stay until final decree herein continuation of pending proceedings and to enjoin and stay until final decree herein commencement of lien foreclosure proceedings and all matters as may be provided under 11 U.S.C. Sec. 362; and (e) perform all other legal services for the Debtor which may be necessary herein. The firm's customary hourly rates are: Jeffrey S. Brinen $540 Jenny Fujii $440 Jonathan M. Dickey $400 Keri L. Riley $395 Paralegal $100 The Firm received a retainer of $30,000. According to court filings, Counsel has no connection or relationship with creditors and is disinterested as defined in the Bankruptcy Code. The firm can be reached at: Jeffrey S. Brinen, Esq. Jenny M.F. Fujii, Esq. Kutner Brinen Dickey Riley, P.C. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Telephone: (303) 832-2400 E-mail: jsb@kutnerlaw.com About The Highlands at Stonegate North Condominium Association Highlands at Stonegate North Condominium Association manages a residential community in Parker, Colorado, overseeing maintenance of common areas and shared amenities such as pools and landscaping. The association enforces community standards, collects assessments, and coordinates with property management to ensure operational and regulatory compliance. The Highlands at Stonegate North Condominium Association in Parker, CO, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D. Colo. Case No. 25-17804) on Nov. 26, 202, listing as much as $1 million to $10 million in both assets and liabilities. Sherri Rosselot as president of the Board, signed the petition. Judge Thomas B McNamara oversees the case. KUTNER BRINEN DICKEY RILEY PC serve as the Debtor's legal counsel. HIGHLANDS AT STONEGATE: Joli Lofstedt Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Joli Lofstedt, Esq., as Subchapter V trustee for The Highlands at Stonegate North Condominium Association. Ms. Lofstedt, a practicing attorney in Louisville, Colo., will be paid an hourly fee of $390 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Lofstedt declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joli A. Lofstedt, Esq. P.O. Box 270561 Louisville, CO 80027 Phone: (303) 476-6915 Fax: (303) 604-2964 Email: joli@jaltrustee.com About The Highlands at Stonegate North Condominium The Highlands at Stonegate North Condominium Association manages a residential community in Parker, Colorado, overseeing maintenance of common areas and shared amenities such as pools and landscaping. The association enforces community standards, collects assessments, and coordinates with property management to ensure operational and regulatory compliance. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 25-17804) on November 26, 2025, with $1 million to $10 million in assets and liabilities. Sherri Rosselot, president of the Board, signed the petition. Judge Thomas B. McNamara presides over the case. Jenny M.F. Fujii, Esq., at Kutner Brinen Dickey Riley, P.C. represents the Debtor as legal counsel. HIGHLANDS AT STONEGATE: Sec. 341(a) Meeting of Creditors on Jan. 5 ------------------------------------------------------------------ On November 26, 2025, The Highlands at Stonegate North Condominium Association filed Chapter 11 protection in the District of Colorado. According to court filing, the Debtor reports between $1,000,001 and $10 million in debt owed to 1 and 49 creditors. A meeting of creditors under Section 341a) to be held on January 5, 2026 at 01:00 PM at Telephonic Chapter 11: Phone 888-330-1716, Access Code 8602461#. About The Highlands at Stonegate North Condominium Association The Highlands at Stonegate North Condominium Association manages a residential community in Parker, Colorado, overseeing maintenance of common areas and shared amenities such as pools and landscaping. The association enforces community standards, collects assessments, and coordinates with property management to ensure operational and regulatory compliance. The Highlands at Stonegate North Condominium Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-17804) on November 26, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Jenny M.F. Fujii, Esq. of Kutner Brinen Dickey Riley, P.C. HOTEL ONE: Taps Fisher Auction/HREC Investment as Brokers --------------------------------------------------------- Hotel One Partners Miramar Beach, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Lamar P. Fisher and Fisher Auction Co., Inc. and Paul Sexton and D&C Hospitality Investments, LLC d/b/a HREC Investment Advisors as co-brokers. The brokers will market the Debtor's 116 suite-style room hotel, currently a Staybridge Suites hotel located at 50 Ponce De Loen Street, Miramar Beach, Florida. Compensation to the Co-Brokers will be based on a three percent buyer's premium, to be charged to the successful purchaser and to be added to the final bid price and shall be due and payable upon the closing of the sale of the Assets. As disclosed in the court filings, Fisher Auction Co. and HREC Investment Advisors are "disinterested persons" within the meaning of 11 U.S.C. 101(14). The brokers can be reached through: Lamar P. Fisher Fisher Auction Co., Inc. 2112 East Atlantic Blvd. Pompano Beach, FL 33062 Phone: (954) 942-0917 - and - Paul Sexton D&C Hospitality Investments, LLC d/b/a HREC Investment Advisors 7512 Dr. Phillips Boulevard, Suite 50-904 Orlando, FL 32819 About Hotel One Partners Miramar Beach LLC Hotel One Partners Miramar Beach, LLC is a Kentucky limited liability company and the owner of the 116-unit Staybridge Suites hotel in Miramar Beach, Florida. Hotel One Partners sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-31131) on November 7, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Judge Jerry C. Oldshue Jr. handles the case. The Debtor is represented by Edward J. Peterson, III, Esq., at Berger Singerman, LLP. HUDSON 1701/1706: Hires Chipman Brown Cicero as Bankruptcy Counsel ------------------------------------------------------------------ Hudson 1701/1706, LLC and Hudson 1702, LLC seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Chipman Brown Cicero & Cole, LLP as general bankruptcy counsel. The firm's services include: (a) providing legal advice with respect to the Debtors' powers and duties as debtors-in-possession in the continued operation of their businesses and management of their properties; (b) negotiating, drafting, and pursuing all documentation necessary in these Chapter 11 Cases; (c) preparing on behalf of the Debtors all applications, motions, answers, orders, reports, and other legal papers necessary to the administration of the Debtors's estates; (d) appearing in Court and protecting the interests of the Debtors before the Court; (e) assisting with any disposition of the Debtors' assets, by sale or otherwise; (f) negotiating and taking all necessary or appropriate actions in connection with a plan or plans of reorganization and all related documents thereunder and transactions contemplated therein; (g) attending all meetings and negotiating with representatives of creditors, the United States Trustee, and other parties-in-interest; (h) providing legal advice regarding bankruptcy law, corporate law, corporate governance, transactional, litigation, and other issues to the Debtors in connection with the Debtors' ongoing business operations; and (i) performing all other legal services for, and providing all other necessary legal advice to, the Debtors that may be necessary and proper in these Chapter 11 Cases. The firm will be paid at these rates: William E. Chipman, Jr. $950 per hour Mark D. Olivere $600 per hour Alison R. Maser $400 per hour Michelle M. Dero $350 per hour Partners $545 to $950 Associates/Counsel $395 to $595 Paralegals $300 to $350 The firm received a retainer in the amount of $100,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Chipman, Jr. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: William E. Chipman, Jr., Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Tel: (302) 295-0191 Email: chipman@chipmanbrown.com About HUDSON 1701/1706 LLC 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. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. HUDSON 1701/1706: Hires DLA Piper LLP (US) as Special Counsel ------------------------------------------------------------- Hudson 1701/1706, LLC and Hudson 1702, LLC seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire DLA Piper LLP (US) as special counsel. The firm's services include: (a) representing the Debtors in connection with real estate matters; (b) representing the Debtors in connection with corporate and strategic matters that may arise during these Chapter 11 Cases; (c) representing the Debtors in connection with any and all financing matters, including debtor in possession financing and cash collateral matters, including negotiation, documentation, and implementation of DIP financing arrangements; (d) representing the Debtors in connection with plan formulation, negotiation, and confirmation matters; and (e) due to DLA Piper's historic representation of the Debtors, including certain investigations respecting prepetition contracts and services obtained by the Debtors from third parties, representing the Debtors in investigation and litigation matters arising in or related to these Chapter 11 Cases. The firm's hourly rates are: 2025 2026 Stuart M. Brown (Partner) $2,085 $2,350 Gerald D. Shepherd (Of Counsel) $1,455 $1,765 Neal Kronley (Of Counsel) $1,420 $1,645 Marc Silverman (Of Counsel) $1,465 $1,645 David Riley (Associate) $1,440 $1,585 Caleb Roche (Associate) $1,250 $1,440 Stephanie B. Cohen (Associate) $1,200 $1,375 Nicole McLemore (Associate) $1,085 $1,260 David Freeman (Associate) $990 $1,195 Shant Eulmessekian(Associate) $895 $1,090 William L. Countryman (Case Manager) $570 $640 Carolyn Fox (Paralegal) $455 $510 On October 21, 2025, DLA Piper received a $250,000 retainer. The following is provided in response to the request for additional information set forth in Paragraph D.1. of the Revised UST Guidelines: (a) Question: Did DLA Piper agree to any variations from, or alternatives to, DLA Piper's standard billing arrangements for this engagement? Answer: No. DLA Piper and the Debtors have not agreed to a variation from DLA Piper's standard billing arrangements for this engagement. (b) Question: Do any of DLA Piper's professionals in this engagement vary their rate based on the geographic location of the Debtors' Chapter 11 Cases? Answer: No. The hourly rates used by DLA Piper in representing the Debtors are consistent with the rates that DLA Piper charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case. (c) Question: If DLA Piper has represented the Debtors in the 12 months pre-petition, disclose DLA Piper's billing rates and material financial terms for the pre-petition engagement, including any adjustments during the 12 months pre-petition. If DLA Piper's billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: DLA Piper's hourly rates in effect prepetition, for services rendered on behalf of the Debtors range as follows: Partners $1,585 to $2,350 Of Counsel $1,420 to $1,765 Associates & Attorneys $895 to $1,585 Paraprofessionals $570 to $640 (d) Question: Have the Debtors approved DLA Piper's budget and staffing plan, and, if so, for what budget period? Answer: DLA Piper continues to work with the Debtors to develop an appropriate budget and staffing plan, however, the Debtors have approved the 3-month budget, including fees allocated for DLA Piper, attached to the Interim DIP Order [D.I. 82]. Stuart Brown, Esq., a partner at DLA Piper, disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stuart Brown, Esq. DLA Piper LLP (US) 1201 North Market Street, Suite 2100 Wilmington, DE 19801 Phone: (302) 468-5640 Email: stuart.brown@us.dlapiper.com About HUDSON 1701/1706 LLC 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. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. HUDSON 1701/1706: Hires Verita Global as Administrative Advisor --------------------------------------------------------------- Hudson 1701/1706, LLC and Hudson 1702, LLC seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Kurtzman Carson Consultants, LLC dba Verita Global as administrative advisor. The firm will provide these services: (a) assist with, among other things, the preparation of the Debtors' schedules of assets and liabilities, schedules of executory contracts and unexpired leases, and statements of financial affairs; (b) generate, provide, and assist with claims objections, exhibits, claims reconciliation, and related matters; (c) assist, with, among other things, solicitation, balloting, tabulation, and calculation of votes, as well as preparing any appropriate reports required in furtherance of confirmation of any Chapter 11 plan; (d) generate an official ballot certification and testify, if necessary, in support of the ballot tabulation results for any Chapter 11 plan(s) in the Chapter 11 cases; and (e) provide such other claims processing, noticing, solicitation, balloting, and administrative services. The firm will be paid at its standard hourly rates and will be reimbursed for expenses incurred. The firm received a retainer in the amount of $25,000. Evan Gershbein, an executive vice president at Verita Global, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Evan J. Gershbein Verita Global 2335 Alaska Ave. El Segundo, CA 90245 Telephone: (310) 823-9000 About HUDSON 1701/1706 LLC 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. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. HUDSON 1701/1706: Seeks to Hire FTI Consulting to Provide CRO/CTO ----------------------------------------------------------------- Hudson 1701/1706, LLC and Hudson 1702, LLC seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire FTI Consulting, Inc. as their restructuring advisor and designate Alan Tantleff and Andrew Hinkelman as co-chief restructuring officers. The firm will render these services: a. provide Alan Tantleff and Andrew Hinkelman as Co-Chief Restructuring Officers; b. evaluate liquidity position, cash needs, and disbursement controls; c. lead completion of the existing remodeling project at the Hudson Hotel; d. provide government relations support to obtain approvals and lift stop work orders; e. prepare weekly and monthly liquidity and construction reports; f. coordinate the advisory team and assist the Independent Manager with restructuring activities; g. manage day-to-day restructuring operations and working capital; h. develop and implement strategies for negotiations with key stakeholders, vendors, and creditors; i. prepare and present cash flow analyses and diligence materials for potential lenders and DIP financing; j. support data collection and due diligence for potential asset sales or Section 363 transactions; k. assist with Chapter 11 contingency planning, filings, and creditor communications; l. prepare required financial reports, statements, and disclosure materials for the Bankruptcy Court; m. support development of a plan of reorganization or liquidation and related valuation analyses; n. manage the claims reconciliation process and provide testimony or analysis as needed; and o. perform additional customary services as reasonably requested and are customary in this type of engagement. FTI will be compensated as follows: Mr. Tantleff $1,495 per hour Mr. Hinkelman $1,495 per hour Other firm professionals will charge between of $195 per hour and $1,580 per hour. As disclosed in a court filing, FTI Consulting, Inc. is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alan Tantleff Andrew Hinkelman FTI Consulting, Inc. 50 California Street, Suite 1900 San Francisco, CA 94111 Tel: (415) 283-4200 Fax: (415) 293-4496 About HUDSON 1701/1706 LLC 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. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. HUDSON VALLEY: Seeks to Hire Genova Malin & Trier LLP as Counsel ---------------------------------------------------------------- Hudson Valley Lyo Mac, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Genova, Malin & Trier, LLP as counsel. The firm will render these services: a. give the Debtor legal advice with respect to its powers and duties in its financial situation and management of the property of the Debtor; b. take necessary action to void liens against the Debtor's property; c. attend meetings and negotiate with representatives of creditors and other parties in interest; d. prepare and amend, on behalf of the Debtor, necessary petitions, schedules, orders, pleadings and other legal papers; and e. perform all other legal services for the Debtor as Debtor which may be necessary. The firm's current billing rates are $450 per hour for partner time, and $200 per hour for paralegal services. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm received a retainer in the amount of $20,000. Michelle Trier, Esq., an attorney at Genova, Malin & Trier, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Andrea B. Malin, Esq. Michelle L. Trier, Esq. Genova, Malin & Trier LLP Hampton Business Center 1136 Route 9 Wappingers Falls, NY 12590 Tel: (845) 298-1600 About Hudson Valley Lyo Mac Inc. Hudson Valley Lyo Mac, Inc., also known as Hudson Valley Lyomac, designs and manufactures freeze-dryers for pharmaceutical, biotechnology, diagnostic, food preservation, and industrial applications, operating from Hudson, New York. The Company offers both standard and custom systems ranging from benchtop units to large-capacity production models, along with installation, maintenance, and contract freeze-drying services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-36156) on November 5, 2025, with $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. Thomas Finck, president, signed the petition. Judge Kyu Young Paek presides over the case. Anne Penachio, Esq. at PENACHIO MALARA LLP represents the Debtor as legal counsel. INDEPENDENT MEDEQUIP: Hires GGG Partners as Financial Advisor ------------------------------------------------------------- Independent MedEquip LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Alabama to employ GGG Partners, LLC as financial advisor. The firm will provide these services: a. review the financial status of the Debtor in order to ascertain current financial position; b. assist in preparing financial reports related to the jointly administered Chapter 11 case including Monthly Operating Reports, cash budgets, and cash budget variance reporting as needed; c. provide guidance in making financial decisions for operations to provide benefit to the reorganization in compliance with the rules of the Court; d. work with client to prepare a forecast to support a Plan of Reorganization; and e. assist in the preparation of a Plan of Reorganization and work in creditors as needed for a successful reorganization. The firm will be paid at the rates of $325 to $495 per hour. The firm will be paid a retainer in the amount of $15,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Cohen disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Adam Cohen GGG Partners, LLC GGG Advisors, LLC 3155 Roswell Rd NE, Suite 120 Atlanta, GA 30305 Tel: (404) 256-0003 About Independent MedEquip LLC Independent MedEquip, LLC, a company in Birmingham, Ala., provides durable medical equipment such as oxygen tanks, CPAP machines, mobility aids, and other home-use medical devices. Independent MedEquip and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Lead Case No. 25-02821) on September 18, 2025. At the time of the filing, Independent MedEquip disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Tamara O'Mitchell oversees the cases. Stuart Memory, Esq., at Memory Memory and Causby LLP, is the Debtor's legal counsel. Jackson Investment Group, LLC, the Debtors' DIP lender, may be reached through Richard L. Jackson, CEO. Cadence Bank, a prepetition secured creditor, may be reached through C. Ellis Brazeal III, Esq., at Jones Walker, LLP, in Birmingham, Alabama. INSULATION COATINGS: Hires CIA Industrial LLC as Auctioneer ----------------------------------------------------------- Insulation Coatings & Consultants, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ CIA Industrial, LLC as auctioneer. The firm will assist the Debtor in selling the Debtor's personal property at a public auction sale. The firm will be paid 5 percent seller commission. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Ryan Luggen CIA Industrial, LLC 2020 Dunlap Street Cincinnati, OH 45214 Tel: (513) 241-9701 Email: info@cia-auction.com About Insulation Coatings & Consultants, LLC Insulation Coatings & Consultants, LLC, provides acoustical and thermal insulations that have been used in commercial, industrial and institutional projects nationwide. The Debtor serves the New York, Pennsylvania, and Ohio areas. Insulation Coatings & Consultants sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 22-10340) on Aug. 9, 2022. In the petition signed by its manager, Charles C. Sorce, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Gregory L. Taddonio oversees the case. The Debtor tapped Guy C. Fustine, Esq., at Knox McLaughlin Gornall & Sennett, PC as bankruptcy counsel; Colligan Law, LLP, as special counsel; and Schaffner Knight Minnaugh & Co. as accountant. IQSTEL INC: Declares $500K Special Stock Dividend, Payable Dec. 30 ------------------------------------------------------------------ iQSTEL Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on December 2, 2025, the Board of Directors, adopted an Amended Written Consent to Action Without Meeting, amending and superseding the prior Written Consent dated November 21, 2025, declaring a one-time special stock dividend on the Company's issued and outstanding shares of common stock, par value $0.001 per share. The Board has fixed December 15, 2025 as the record date for the Special Stock Dividend, and the Special Stock Dividend will be payable on December 30, 2025 to stockholders of record as of the Record Date. The Special Stock Dividend, with a total value of $500,000, will be distributed pro-rata to holders of the Common Stock as of the Record Date in the form of newly issued shares of Common Stock. The aggregate number of shares to be issued is 75,529, determined by dividing $500,000 by the per-share valuation methodology set forth in Section 1.3 of the Stock-for-Stock Exchange Agreement dated September 2, 2025, as amended by the First Amendment dated September 26, 2025. Section 1.3 uses the lower of: (i) the Nasdaq Official Closing Price of the Common Stock on August 29, 2025 (the trading day immediately preceding the Original Agreement execution on September 2, 2025, due to the September 1, 2025 market holiday), which was $6.62, or (ii) the average Nasdaq Official Closing Price over the five consecutive trading days ending August 29, 2025, which was $6.614. The lower value is $6.62. The distribution ratio is approximately 0.0173 additional shares of Common Stock for every 1 share held as of the Record Date (fractional shares rounded down to the nearest whole share; no cash in lieu of fractions). The ex-dividend date is December 16, 2025. The Special Stock Dividend is being paid entirely in the Company's own shares pursuant to Section 4.4 of the Amendment, which provides flexibility to satisfy the $500,000 dividend obligation using either received shares from Cycurion or the Company's own authorized Common Stock. The Board determined that issuing the Company's own shares is in the best interests of the Company and its shareholders, as it streamlines execution, enhances liquidity, and preserves the full cross-holding of Cycurion shares for strategic purposes in the ongoing alliance. The Special Stock Dividend is expected to be treated as a taxable dividend (ordinary income) to U.S. shareholders; shareholders should consult their tax advisors. About iQSTEL iQSTEL Inc. is a multinational technology company that provides services across telecom, fintech, blockchain, artificial intelligence, and cybersecurity. The Company operates in 21 countries and serves a global customer base. It projects $340 million in revenue for fiscal year 2025. In an auditor's report dated March 31, 2025, Urish Popeck & Co., LLC, issued a "going concern" qualification, citing that the Company has suffered recurring losses from operations, negative working capital, and does not have an established source of revenues sufficient to cover its operating costs, which raise substantial doubt about its ability to continue as a going concern. iQSTEL ended the year on Dec. 31, 2024 with a net loss of $5,180,036, significantly widening from the $219,436 loss reported for the year ended Dec. 31, 2023. The net results of the periods reported are highly impacted by the expenses in the holding entity (IQSTEL), which has a high component of interest and other financial expenses related to the funds borrowed for the acquisition of QXTEL Limited. JASMINE HOMES: Seeks Chapter 11 Bankruptcy in Pennsylvania ---------------------------------------------------------- On December 4, 2025, Jasmine Homes LLC filed for Chapter 11 protection in the Middle District of Pennsylvania. According to the court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Jasmine Homes LLC Jasmine Homes LLC is engaged in the ownership and management of residential real estate, focusing on the development and leasing of rental homes. Jasmine Homes LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-03478) on December 4, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Mark J. Conway handles the case. The Debtor is represented by J. Zac Christman, Esq. of J. Zac Christman, Esquire. JIC CONTRACTING: 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 JIC Contracting, LLC. 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 JIC Contracting LLC JIC Contracting, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14873) on November 29, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Derek J. Baker presides over the case. Mark A. Berenato, Esq., at Berenato Law Firm represents the Debtor as bankruptcy counsel. JMKA LLC: Unsecured Creditors to Split $10,800 over 84 Months ------------------------------------------------------------- JMKA, LLC filed with the U.S. Bankruptcy Court for the Northern District of Illinois a Disclosure Statement describing Plan of Reorganization dated December 3, 2025. The Debtor is an Illinois LLC who operates Elmhurst Premier Childcare which is a boutique licensed, early childhood center dedicated to providing a nurturing, safe, and enriching environment for young children. With a focus on safety, cleanliness, eco-conscious practices and organic nutrition, EPC blends high-quality care with thoughtful education and STEAM driven activities. Elmhurst Premier Childcare offers full and part time childcare for children ages 6 weeks until Kindergarten. Class 12 consists of Non-priority unsecured creditors. This class shall be paid a total of $10,809.03 over 84 months. In order to avoid sending 84 smaller payments to this class of creditors, the Debtor shall make one payment of $10,809.03 to this class in month 84. The Debtor shall then receive a discharge of all Class 12 claims. The allowed unsecured claims total $1,080,903.19. Percentage to GUC 1%. This Class is impaired. Class 13 consists of Equity interest holders. The Debtor is wholly owned by four equity security holders, namely, Kasindra Mladenoff (90%), Kenna Dayton (3.34%), Kessler Dayton (3.33%), and Brenner Daytyon (3.33%). The Debtor proposes to maintain the current equity security holders in their respective ownership positions. Since the Plan does not contemplate payment in full to all classes of creditors, the Debtor shall hold an auction of its equity security interest at the confirmation hearing to determine fair market value. The winner of the auction will pay the amount of the winning bid to the Debtor within 7 days of being declared the auction winner, thus adding new value to the Reorganized Debtor. Notice of the auction shall be published in the Chicago Daily Law Bulletin after Court approval of this Plan. Kasindra Mladenoff will make the first bid in the amount of $1,000. The Debtor will fund the Plan through the income from continued operations. A full-text copy of the Disclosure Statement dated December 3, 2025 is available at https://urlcurt.com/u?l=ukK6yZ from PacerMonitor.com at no charge. Counsel to the Debtor: Ben Schneider, Esq. Schneider & Stone 8424 Skokie Blvd., Suite 200 Skokie, IL 60077 Telephone: (847) 933-0300 Email: ben@windycitylawgroup.com About JMKA LLC JMKA, LLC is a boutique childcare center in downtown Elmhurst, Ill. It operates as Elmhurst Premier Childcare. JMKA filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-00036) on January 3, 2025, with up to $50,000 in assets and up to $10 million in liabilities. Judge David D. Cleary oversees the case. The Debtor is represented by Ben L. Schneider, Esq., at The Law Offices of Schneider & Stone. K&D INDUSTRIES: Hires Morrison-Tenenbaum as Bankruptcy Counsel -------------------------------------------------------------- K&D Industries seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Morrison-Tenenbaum PLLC to serve as counsel. MT Law will provide these services: (a) advising the Debtor with respect to its powers and duties as Debtor-in-possession in the management of its estate; (b) assisting in any amendments of Schedules and other financial disclosures and in the preparation/review/amendment of a disclosure statement and plan of reorganization; (c) negotiating with the Debtor's creditors and taking the necessary legal steps to confirm and consummate a plan of reorganization; (d) preparing on behalf of the Debtor all necessary motions, applications, answers, proposed orders, reports and other papers to be filed by the Debtor in this case; (e) appearing before the Bankruptcy Court to represent and protect the interests of the Debtor and the estate; and (f) performing all other legal services for the Debtor that may be necessary and proper for an effective reorganization. MT Law will receive these hourly rates: Partners $550 to $695 Senior Counsel $495 Associates $380 Paraprofessionals $250 MT Law is a "disinterested party" within the meaning of Secs. 101(14) and 327 of the Bankruptcy Code, according to court filings. The firm can be reached at: Lawrence F. Morrison, Esq. Brian J. Hufnagel, Esq. MORRISON TENENBAUM PLLC 87 Walker Street, Floor 2 New York, NY 10013 Phone: (212) 620-0938 E-mail: lmorrison@m-t-law.com About K&D Industries of NY LLC K&D Industries of NY LLC, based in Peekskill, New York, provides specialized trucking services and construction-related solutions, including aggregate hauling, milling, paving, and salt delivery, primarily serving a diverse range of clients in Westchester County and the Hudson Valley region. K&D Industries of NY LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22886) on September 18, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Lawrence Morrison, Esq. at MORRISON TENENBAUM PLLC. K&W HOLDINGS: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------- On December 4, 2025, K&W Holdings Group LLC filed for Chapter 7 protection in the Northern District of Texas. According to court filing, the Debtor reports between $1,000,001 and $10,000,000 in debt owed to 1-49 creditors. About K&W Holdings Group LLC K&W Holdings Group LLC is an investment and management firm that oversees a portfolio of businesses across real estate, hospitality, and other industries K&W Holdings Group LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-44755) on December 4, 2025. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $1,000,001–$10,000,000. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Marc W. Taubenfeld, Esq. of Munsch Hardt Kopf and Harr. LAKAY CONSTRUCTIONS: Case Summary & Two Unsecured Creditors ----------------------------------------------------------- Debtor: Lakay Constructions, LLC 123 Green Street, 2nd Floor Woodbridge, NJ 07095 Business Description: Lakay Constructions, LLC is a single-asset real estate entity whose main holding is a residential property situated at 20 Taylor Lake Court in Manalapan, New Jersey. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court District of New Jersey Case No.: 25-22908 Debtor's Counsel: Bruce H. Levitt, Esq. LEVITT & SLAFKES, P.C. 515 Valley Street, Suite 140 Maplewood, NJ 07040 Tel: (973) 313-1200 Fax: (973) 313-1240 Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Roobentz Jean as sole member. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2R7EEUA/Lakay_Constructions_LLC__njbke-25-22908__0001.0.pdf?mcid=tGE4TAMA LANGSTON CARVER: Hires Hirschler Fleischer as Bankruptcy Counsel ---------------------------------------------------------------- Langston Carver LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ Hirschler Fleischer as bankruptcy counsel. The firm's services include: (a) advising the Debtor with respect to local practice and procedure; (b) advising the Debtor with respect to its powers and duties as debtor-in-possession in the continued operation of its businesses; (c) attending meetings and negotiating with representatives of creditors and other parties-in-interest; (d) taking necessary actions to protect and preserve the Debtor's estate, including the prosecution of actions on the Debtor's behalf, the defense of any actions commenced against the Debtor, and, where appropriate, objecting to claims filed against the Debtor's estate; (e) assisting the Debtor in connection with preparing necessary motions, answers, applications, orders, reports, or other legal papers necessary to the administration of the estate, and appearing in Court on behalf of the Debtor in proceedings related thereto; (f) assisting the Debtor in the preparation of a chapter 11 plan and disclosure statement, and in any other matters and proceedings in connection therewith, including attending court hearings; (g) representing the Debtor in matters which may arise in connection with its business operations, financial and legal affairs, dealings with creditors and other parties-in-interest, sales, and other transactional matters, litigation matters and in any other matters which may arise during this case; and (h) performing all other necessary legal services in connection with the prosecution of this Chapter 11 Case. The firm will be compensated at hourly rates ranging from $300 for associates to $700 for senior partners. Ms. Burgers' current hourly rate is $560, the current hourly rate for Kollin Bender is $350, and the current hourly rate for Stephen Leach is $665. The firm will also be reimbursed for reasonable and necessary out-of-pocket expenses incurred. According to court filings, Hirschler Fleischer is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Kristen E. Burgers, Esq. Hirschler Fleischer, PC 1676 International Drive, Suite 1350 Tysons, VA 22102 Telephone: (703) 584-8900 Facsimile: (703) 584-8901 E-mail: sleach@hirschlerlaw.com kburgers@hirschlerlaw.com About Langston Carver LLC Langston Carver, LLC is a real estate company that owns and manages a residential property at 1223 18th Place NE in Washington, D.C. It operates as a single-asset entity from its base in Ashburn, Virginia. Langston Carver sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 25-00495) on October 27, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case. The Debtor is represented by Kristen E. Burgers, Esq., at Hirschler Fleischer, PC. LIFT-CO EQUIPMENT: Case Summary & Three Unsecured Creditors ----------------------------------------------------------- Debtor: Lift-Co Equipment Services, Inc. 270 Pinto Drive Irwin, PA 15642 Business Description: Lift-Co Equipment Services, Inc. provides forklift and material-handling equipment services, including repair, maintenance, parts supply, rental, and sales of new and used forklifts, operating from Irwin, Pennsylvania, and serving clients across Western Pennsylvania and nearby regions. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 25-23291 Debtor's Counsel: Christopher M. Frye, Esq. STEIDL & STEINBERG, P.C. 436 Seventh Avenue Suite 322 Pittsburgh, PA 15219 Tel: 412-391-8000 Fax: 412-391-0221 E-mail: chris.frye@steidl-steinberg.com Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Jessica M. Baker as shareholder. 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/HMVH5AI/Lift-Co_Equipment_Services_Inc__pawbke-25-23291__0001.0.pdf?mcid=tGE4TAMA LITTLE MIKE'S: Seeks Chapter 11 Bankruptcy in Michigan ------------------------------------------------------ On December 4, 2025, Little Mike's Market Inc. filed for Chapter 11 protection in the Eastern District of Michigan. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About Little Mike's Market Inc. Little Mike's Market, Inc. is a community-focused grocery store that prides itself on delivering fresh, high-quality groceries, including produce, meats, dairy, and household staples. Little Mike's Market Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-52371) on December 4, 2025. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Mark A. Randon handles the case. The Debtor is represented by Robert N. Bassel, Esq. of Robert Bassel, Attorney at Law. LM FINLEY: Seeks Chapter 11 Bankruptcy in Illinois -------------------------------------------------- On December 3, 2025, LM Finley Investors LLC sought Chapter 11 protection in the Northern District of Illinois. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About LM Finley Investors LLC LM Finley Investors LLC is a single asset real estate company. LM Finley Investors LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18581) on December 3, 2025. In its petition, the Debtor reports estimated assets of $1 million–$10 million and estimated liabilities of $1 million–$10 million. Honorable Bankruptcy Judge Michael B. Slade handles the case. The Debtor is represented by Keevan D. Morgan, Esq. of Morgan & Bley, Ltd. LODGE ASSISTED: Hires Michael Best & Friedrich as Counsel --------------------------------------------------------- Lodge Assisted Living, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Michael Best & Friedrich, LLP as general bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to its rights, duties, and powers under the Bankruptcy Code; b. preparing bankruptcy statements and schedules; c. proposing a plan of reorganization and disclosure statement; d. representing the Debtor in connection with any contested matters, adversary proceedings, or other litigation; and e. performing all other necessary and appropriate legal services for the Debtor in connection with their chapter 11 cases. The firm will be paid at these rates: Jeffrey A. Weinman (Of Counsel) $750 per hour Bailey Pompea (Senior Counsel) $595 per hour Destiney Parker-Thompson (Associate) $445 per hour Davis W. Sullivan (Associate) $445 per hour Emily Sexton (Associate) $385 per hour The firm received a prepetition retainer in the amount of $20,000, including the $1,738 filing fee. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Weinman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jeffrey A. Weinman, Esq. Michael Best & Friedrich, LLP 675 15th St., Suite 2000 Denver, CO 80202 Telephone: (720) 240-9515 Email: Jeffrey.Weinman@michaelbest.com About Lodge Assisted Living, LLC Lodge Assisted Living, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Colo. Case No. 1:25-bk-17820) on Nov. 26, 2025, disclosing under $1 million in both assets and liabilities. The Debtor hires Michael Best & Friedrich, LLP as general bankruptcy counsel. LUGANO DIAMONDS: Hires Armory Securities as Investment Banker ------------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Armory Securities, LLC as investment banker. The firm's services include: (a) Investment Banking Services. Armory will, to the extent appropriate given the circumstances: (i) familiarize itself with the business, operations, properties, financial condition, and prospects of the Debtors; and (ii) if the Debtors determine to undertake a Restructuring, Financing, and/or Sale, advise and assist the Debtors in structuring and effecting the financial aspects of such a transaction or transactions, subject to the terms and conditions of the Engagement Agreement. (b) Restructuring Services. If the Debtors pursue a Restructuring, Armory will, to the extent appropriate given the circumstances: (i) provide investment banking related assistance to the Debtors in developing and seeking approval of any Sale pursuant to a Restructuring plan (as the same may be modified from time to time, a "Plan"), which may be a plan under the Bankruptcy Code, state bankruptcy equivalent, receiverships, assignment for the benefit of creditors, or otherwise; and (ii) if requested by the Debtors, participate in hearings before the Court or state court with respect to the matters upon which Armory has provided advice, including, as relevant, coordinating with the Debtors' counsel with respect to testimony in connection therewith. (c) Financing Services. If the Debtors elect to pursue a Financing, Armory will, as placement agent and/or arranger, to the extent appropriate given the circumstances: (i) provide financial advice and assistance to the Debtors in structuring and effecting a Financing, and identify potential Investors (as defined in the Engagement Agreement); (ii) if Armory and the Debtors deem it advisable, assist the Debtors in developing and preparing a memorandum (with any amendments or supplements thereto, the "Financing Offering Memorandum") to be used in soliciting potential Investors, it being agreed that (A) the Financing Offering Memorandum shall be based entirely upon information supplied by the Debtors, and (B) the Debtors shall be solely responsible for the accuracy and completeness of the Financing Offering Memorandum; and (iii) if requested by the Debtors, contact or assist the Debtors, and/or participate in negotiations, with potential Investors. (d) Sale Service. If the Debtors elect to pursue a Sale, Armory will, to the extent appropriate given the circumstances: (i) provide financial advice and assistance to the Debtors in connection with a Sale, identify potential acquirors, and, at the Debtors' request, contact such potential Acquirors; (ii) at the Debtors' request, assist the Debtors in preparing a memorandum (with any amendments or supplements thereto, the "Sale Memorandum") to be used in soliciting potential Acquirors, it being agreed that (A) the Sale Memorandum shall be based entirely upon information supplied by the Debtors, and (B) the Debtors shall be solely responsible for the accuracy and completeness of the Sale Memorandum; and (iii) if requested by the Debtors, assist the Debtors and/or participate in negotiations with potential Acquirors. The firm will be paid as follows: -- If at any time during the term of this engagement or within the six full months following the termination of this engagement (including the term of this engagement, the "Fee Period"), (x) any Restructuring is consummated or (y)(l) an agreement in principle, definitive agreement or Plan to effect a Restructuring is entered into and (2) concurrently therewith or at any time thereafter (including following the expiration of the Fee Period), any Restructuring is consummated, Armory Securities shall be entitled to receive a transaction fee (a "Restructuring Transaction Fee"), contingent upon the consummation of a Restructuring and payable at the closing thereof, equal to the amount of a Sale Transaction Fee calculated as in subsection d below (provided, however, that if the Restructuring involves a Sale, only one Restructuring Transaction Fee or Sale Transaction Fee shall be payable). -- If the Debtors elects to pursue a Sale, then at any time during the Fee Period, (x) any Sale is consummated or (y)(l) an agreement in principle or definitive agreement to effect a Sale is entered into, and (2) concurrently therewith or at any time thereafter (including following the expiration of the Fee Period) any Sale is consummated, Armory Securities shall be entitled to receive a transaction fee (a "Sale Transaction Fee"), contingent upon the consummation of a Sale and payable at the closing thereof, which shall be equal to two and three-quarters percent (2.75%) of the Transaction Value (as defined below). -- If the Debtors elects to retain Armory to pursue a Financing, then at any time during the Fee Period, the Debtors (x) consummates any Financing or (y)(l) the Debtors receives and accepts written commitments for one or more Financings (the execution by a potential financing source and the Debtors of a commitment letter or securities purchase agreement or other definitive documentation shall be deemed to be the receipt and acceptance of such written commitment) and (2) concurrently therewith or at any time thereafter (including following the expiration of the Fee Period) any Financing is consummated, the Debtors will pay to Armory Securities on the closing date of any such Financing, a cash fee (the "Financing Fee") of (i) two percent (2.0%) of the aggregate proceeds of any Debt Financing commitment in the transaction, plus (iii) three percent (3.0%) of the aggregate Equity Financing commitment in of the transaction. In connection with any Debtor-in-Possession Financing received by the Debtors ("DIP Financing"), the Debtors shall pay Armory Securities a fee of two percent (2.0%) of the aggregate amount of the DIP Facility or of the aggregate amount of new monies provided to the Debtors pursuant to such facility, payable upon the first funding of such DIP Financing. Eben Paul Perison, managing director of Armory Securities, disclosed in court filings that the firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. Armory Securities can be reached through: Eben Paul Perison Armory Securities, LLC 1230 Rosecrans Avenue, Suite 660 Manhattan Beach, CA 90266 Tel: (310) 798-7777 Fax: (310) 798-6277 About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc. designs jewelry. The Company offers rings, bracelets, earrings, and chain. Lugano Diamonds & Jewelry serves customers in the State of California. Lugano Diamonds & Jewelry Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12055) on November 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. The affiliates that filed for Chapter 11 separately include Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). The Debtor is represented by Timothy R. Powell, Esq. and Edmon L. Morton, Esq. of Young Conaway Stargatt & Taylor, LLP. Squire Patton Boggs (US) LLP serves as counsel to the DIP Lender and Prepetition Lender. Polsinelli PC, is the Delaware counsel to the DIP Lender and Prepetition Lender, and Ankura Consulting Group, LLC, are the financial advisors. LUGANO DIAMONDS: Hires Barnes as Special Counsel to Special Panel ----------------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Barnes & Thornburg LLP as special counsel to the Special Committee. The firm will advise the Special Committee in connection with the Special Committee's investigation of potential claims that Lugano may have against the Debtors' direct or indirect equity holders, affiliates, subsidiaries, directors, officers, or other stakeholders, agents (including professional advisers), or any affiliate or other related party of the foregoing (the "Matter"). The Firm also will advise the Special Committee on any other matters the Special Committee may direct. The firm will be paid at these rates: Partners $505 to $1,900 per hour Associates $340 to $1,290 per hour Paralegal $230 to $565 per hour During the one year prior to the Petition Date, the firm received a retainer from the Debtors in the initial amount of $100,000 on August 12, 2025. That retainer was increased by a further retainer of $550,000 on November 6, 2025. The firm applied $60,000 from the initial retainer on September 11, 2025, to cover its services to the Special Committee in August 2025. The firm further received a payment on account of its services to the Special Committee prior to the Petition Date of $349,080.82, which, taken together with the $40,000 remaining from the initial retainer. In addition, the firm will seek reimbursement for its out-of-pocket expenses. The following is provided in response to the request for additional information set forth in Paragraph D.1 of the U.S. Trustee Fee Guidelines: Question: Did the Firm agree to any variations from, or alternatives to, the Firm's standard billing arrangements for this engagement? Answer: No. Question: Do any of the Firm professionals in this engagement vary their rate based on the geographical location of the Chapter 11 Cases? Answer: No. Question: If the Firm has represented the Debtors or the Special Committee in the 12 months prepetition, disclose the Firm's billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If the Firm's billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: The firm has represented the Special Committee since August 2025. The firm's billing rates are subject to periodic adjustments (typically on December 1 of each year) to reflect economic and other conditions. The billing rates and material financial terms set forth in the engagement letter covered the firm's rates in force as of December 1, 2024. The rates set forth in paragraph 30 of the Application are those applicable to the firm's services on and after December 1, 2025. The firm will charge the rates set forth in the engagement letter from the Petition Date through and including November 30, 2025, and then will charge the rates set forth in the Application from and after December 1, 2025. Question: Have the Debtors approved the Firm's budget and staffing plan, and if so, for what budget period? Answer: The firm communicates on a regular basis with the Special Committee and the Debtors to ensure that its services are being performed efficiently, effectively, and in accordance with the Debtors' overall budget. The Debtors and their lenders have approved the firm's budget for services to be rendered on behalf of the Special Committee in connection with the Debtors' proposed debtor-in-possession financing facility. Trace Schmeltz, Esq. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Trace Schmeltz, Esq. Barnes & Thornburg LLP One North Wacker Drive Suite 4400 Chicago, IL 60606-2833 Tel: (312) 357-1313 Fax: (312) 759-5646 Email: TSchmeltz@btlaw.com About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc. designs jewelry. The Company offers rings, bracelets, earrings, and chain. Lugano Diamonds & Jewelry serves customers in the State of California. Lugano Diamonds & Jewelry Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12055) on November 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. The affiliates that filed for Chapter 11 separately include Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). The Debtor is represented by Timothy R. Powell, Esq. and Edmon L. Morton, Esq. of Young Conaway Stargatt & Taylor, LLP. Squire Patton Boggs (US) LLP serves as counsel to the DIP Lender and Prepetition Lender. Polsinelli PC, is the Delaware counsel to the DIP Lender and Prepetition Lender, and Ankura Consulting Group, LLC, are the financial advisors. LUGANO DIAMONDS: Hires Keller Benvenutti as Bankruptcy Counsel -------------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Keller Benvenutti Kim LLP as lead bankruptcy counsel. The firm's services include: (a) advising the Debtors of their rights, powers, and duties as debtors and debtors in possession continuing to operate and manage their business and property under chapter 11 of the Bankruptcy Code; (b) preparing on behalf of the Debtors all necessary and appropriate applications, motions, proposed orders, other pleadings, notices, schedules, and other documents, and reviewing all financial and other reports to be filed in the Chapter 11 Cases; (c) representing the Debtors in connection with obtaining authority to obtain postpetition financing and to use cash collateral; (d) representing the Debtors in connection with obtaining approval for the approval of the Agency Agreement (as defined in the First Day Declaration) or a sale of some or all of their assets, and with respect to any other asset dispositions; (e) advising the Debtors concerning, and preparing responses to, applications, motions, other pleadings, notices, and other papers that may be filed by other parties in the Chapter 11 Cases and appear on behalf of the Debtors in any hearings or other proceedings relating to those matters; (f) reviewing the nature and validity of any liens asserted against the Debtors' property and advising the Debtors concerning the enforceability of such liens; (g) advising the Debtors regarding their ability to initiate actions to collect and recover property for the benefit of their estates; (h) advising and assisting the Debtors in negotiations with the Debtors' debt holders, equity interest holders, and other stakeholders; (i) advising the Debtors concerning executory contract and unexpired lease assumptions, assignments, and rejections; (j) advising the Debtors in connection with the formulation, negotiation and promulgation of a plan or plans under the Bankruptcy Code, and related transactional documents; (k) assisting the Debtors in reviewing, estimating and resolving claims asserted against the Debtors' estates; (l) commencing and conducting litigation that is necessary and appropriate to assert rights held by the Debtors, protect assets of the Debtors' chapter 11 estates or otherwise further the goal of completing the Debtors' forthcoming plan; (m) providing non-bankruptcy related services for the Debtors to the extent requested by the Debtors, including, among other things, advice related to corporate governance; and (n) performing all other necessary and appropriate legal services in connection with the Chapter 11 Cases for or on behalf of the Debtors. The firm will be paid at these rates: Tobias S. Keller, Partner $1,100 per hour Traci L. Shafroth, Partner $850 per hour Scott J. Friedman, Of Counsel $750 per hour Jay Minga, Senior Counsel $675 per hour Tyler Davis, Associate $550 per hour Paraprofessionals $275 to $300 per hour In the year preceding the Petition Date, the firm received retainer payments from the Debtors totaling $1,717,227.94, as advance payment. On May 16, 2025, the Debtors paid the firm an advance payments of $75,000 as retainer. As of the Petition Date, the balance of the Retainer was $193,713. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The following is provided in response to U.S. Trustee's Appendix B—Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases (the "U.S. Trustee Guidelines"), Paragraph D.1: (a) Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. The firm has not agreed to a variation of its standard or customary billing arrangements for this engagement; (b) Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. None of the firm's professionals included in this engagement have varied their rate based on the geographic location of the Chapter 11 Cases. (c) Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Answer: The firm's rates for attorneys and material financial terms described in the Application are consistent with those set forth in the Engagement Letter and the initial engagement letter. (d) Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: The Debtors have approved or will be asked to approve the firm's prospective budget and staffing plan for the postpetition period as appropriate, which, in accordance with the U.S. Trustee Guidelines, may be amended as necessary. Mr. Keller disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Tobias S. Keller, Esq. Traci L. Shafroth, Esq. Scott Friedman, Esq. Keller Benvenutti Kim LLP 101 Montgomery Street, Suite 1950 San Francisco, CA 94104 Tel: (415) 496-6723 Fax: (650) 636-9251 Email: tkeller@kbkllp.com tshafroth@kbkllp.com sfriedman@kbkllp.com About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc. designs jewelry. The Company offers rings, bracelets, earrings, and chain. Lugano Diamonds & Jewelry serves customers in the State of California. Lugano Diamonds & Jewelry Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12055) on November 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. The affiliates that filed for Chapter 11 separately include Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). The Debtor is represented by Timothy R. Powell, Esq. and Edmon L. Morton, Esq. of Young Conaway Stargatt & Taylor, LLP. Squire Patton Boggs (US) LLP serves as counsel to the DIP Lender and Prepetition Lender. Polsinelli PC, is the Delaware counsel to the DIP Lender and Prepetition Lender, and Ankura Consulting Group, LLC, are the financial advisors. LUGANO DIAMONDS: Hires Mr. Issa of GlassRatner Advisory as CRO -------------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ GlassRatner Advisory & Capital Group, LLC, and designating J. Michael Issa as chief restructuring officer. The firm's services include: (a) consulting on all aspects of the Debtors' business activities and operations, including budgeting, cash management and financial management; (b) if necessary, opening and closing bank accounts; (c) assisting with communications and negotiations with the Debtors' lenders, vendors, and other stakeholders; (d) reviewing daily operating activity, purchases, and expenses; (e) evaluating liquidity options including restructuring, refinancing, reorganizing, and/or one or more sales of some or all of the Debtors' assets; (f) advising the Special Committee and the Debtors whether the Debtors should exercise its rights under certain agreements; (g) reviewing historical projected financial information, including operating results, capital structure and funding mechanics, for the Debtors and each of its affiliates; (h) working with the Special Committee and the Debtors to developing financial projections and a liquidity projection model to help assess capital needs; (i) identifying and assessing potential restructuring alternatives, including the sale of some or all of the Debtors' assets and the winding down of the Debtors' business; and (j) pursuing litigation and claims the estate may have and acting as the responsible party for all corporate decisions. The firm will be paid at these rates: Senior Managing Directors $650 to $890 per hour Managing Directors $550 to $750 per hour Other $295 to $525 per hour The firm will be paid a retainer in the amount of $150,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. According to court filings, GlassRatner Advisory & Capital Group LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: J. Michael Issa GlassRatner Advisory & Capital Group LLC 19880 MacArthur Blvd., Suite 820 Irvine, CA 92612 Tel: (949) 407-6620 About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc. designs jewelry. The Company offers rings, bracelets, earrings, and chain. Lugano Diamonds & Jewelry serves customers in the State of California. Lugano Diamonds & Jewelry Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12055) on November 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. The affiliates that filed for Chapter 11 separately include Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). The Debtor is represented by Timothy R. Powell, Esq. and Edmon L. Morton, Esq. of Young Conaway Stargatt & Taylor, LLP. Squire Patton Boggs (US) LLP serves as counsel to the DIP Lender and Prepetition Lender. Polsinelli PC, is the Delaware counsel to the DIP Lender and Prepetition Lender, and Ankura Consulting Group, LLC, are the financial advisors. LUGANO DIAMONDS: Hires Omni Agent as Administrative Agent --------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Omni Agent Solutions, Inc. as administrative agent. The firm will provide these services: (a) assist with, among other things, solicitation, balloting and tabulation of votes, and prepare any related reports, as required in support of confirmation of a Chapter 11 plan, and in connection with such services, process requests for documents from parties in interest; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a Chapter 11 plan; and (f) provide such other processing, solicitation, balloting, and other administrative services described in the Engagement Agreement. Prior to petition date, the firm received a retainer of $25,000 from the Debtors. Paul Deutch, an executive vice president of Omni Agent Solutions, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul H. Deutch Omni Agent Solutions Inc. 5955 De Soto Ave., Suite 100 Woodland Hills, CA 91367 Telephone: (818) 906-8300 Facsimile: (818) 783-2737 Email: lacontact@omniagnt.com About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc. designs jewelry. The Company offers rings, bracelets, earrings, and chain. Lugano Diamonds & Jewelry serves customers in the State of California. Lugano Diamonds & Jewelry Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12055) on November 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. The affiliates that filed for Chapter 11 separately include Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). The Debtor is represented by Timothy R. Powell, Esq. and Edmon L. Morton, Esq. of Young Conaway Stargatt & Taylor, LLP. Squire Patton Boggs (US) LLP serves as counsel to the DIP Lender and Prepetition Lender. Polsinelli PC, is the Delaware counsel to the DIP Lender and Prepetition Lender, and Ankura Consulting Group, LLC, are the financial advisors. LUGANO DIAMONDS: Hires Young Conaway Stargatt as Co-Counsel ----------------------------------------------------------- Lugano Diamonds & Jewelry Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Young Conaway Stargatt & Taylor, LLP as co-counsel. The firm's services include: (a) providing legal advice and services with respect to the Debtors' powers and duties as debtors in possession in the continued operation of their business, management of their property, the Local Rules, practices, and procedures, and providing substantive and strategic advice on how to accomplish the Debtors' goals in connection with the prosecution of the Chapter 11 Cases; (b) pursuing the sale of the Debtors' assets and approval of bid procedures related thereto; (c) reviewing and preparing, on behalf of the Debtors, necessary applications, motions, answers, orders, reports, and other legal papers; (d) appearing in Court and protecting the interests of the Debtors before the Court; and (e) performing various services in connection with the administration of the Chapter 11 Cases, including, without limitation: (i) preparing agenda letters, certificates of no objection, certifications of counsel, notices of fee applications and hearings, and hearing binders of documents and pleadings; (ii) monitoring the docket for filings and coordinating with KBK on pending matters that need responses; (iii) preparing and maintaining critical dates memoranda to monitor pending applications, motions, hearing dates, and other matters and the deadlines associated with the same; (iv) handling inquiries and calls from creditors and counsel to interested parties regarding pending matters and the general status of the Chapter 11 Cases; and (v) coordinating with KBK on any necessary responses; and (f) performing all other services assigned by the Debtors, in consultation with KBK, to Young Conaway as co-counsel to the Debtors; to the extent the Firm determines that such services fall outside of the scope of services historically or generally performed by Young Conaway as co-counsel in a bankruptcy proceeding, Young Conaway will file a supplemental declaration pursuant to Bankruptcy Rule. The firm will be paid at these rates: Edmon L. Morton, Partner $1,290 per hour Sean M. Beach, Partner $1,235 per hour Timothy R. Powell, Associate $680 per hour Benjamin C. Carver, Associate $515 per hour Brynna M. Gaffney, Associate $500 per hour Debbie Laskin, Paralegal $395 per hour On August 9, 2025, Young Conaway received an initial retainer of $200,000. Young Conaway received additional retainer payments of $30,000 on October 20, 2025, $50,000 on October 31, 2025, $150,000 on October 31, 2025, $58,690 on November 6, 2025, $50,000 on November 10, 2025, and $50,000 on November 14, 2025. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Consistent with the U.S. Trustee's Appendix B—Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases (the "U.S. Trustee Guidelines"), which became effective on November 1, 2013,4 I state as follows: (a) Young Conaway has not agreed to a variation of its standard or customary billing arrangements for this engagement; (b) None of the Firm's professionals included in this engagement have varied their rate based on the geographic location of the Chapter 11 Cases; (c) Young Conaway was retained by the Debtors for restructuring work pursuant to an engagement agreement dated August 4, 2025. The billing rates and material terms of the prepetition engagement are the same as the rates and terms described in the Application; and (d) The Debtors have approved or will be approving a prospective budget and staffing plan for Young Conaway's engagement for the postpetition period as appropriate. In accordance with the U.S. Trustee Guidelines, the budget may be amended as necessary to reflect changed or unanticipated developments. Mr. Beach disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Edmon L. Morton, Esq. Sean M. Beach, Esq. Timothy R. Powell, Esq. Benjamin C. Carver, Esq. Young Conaway Stargatt & Taylor, LLP Rodney Square 1000 North King Street Wilmington, DE 19801 Telephone: (302) 571-6600 Facsimile: (302) 571-1253 Email: emorton@ycst.com sbeach@ycst.com tpowell@ycst.com bcarver@ycst.com About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry Inc. designs jewelry. The Company offers rings, bracelets, earrings, and chain. Lugano Diamonds & Jewelry serves customers in the State of California. Lugano Diamonds & Jewelry Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12055) on November 16, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. The affiliates that filed for Chapter 11 separately include Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). The Debtor is represented by Timothy R. Powell, Esq. and Edmon L. Morton, Esq. of Young Conaway Stargatt & Taylor, LLP. Squire Patton Boggs (US) LLP serves as counsel to the DIP Lender and Prepetition Lender. Polsinelli PC, is the Delaware counsel to the DIP Lender and Prepetition Lender, and Ankura Consulting Group, LLC, are the financial advisors. MACHIKO MANAGEMENT: Seeks $850,000 DIP Loan From LTV ---------------------------------------------------- Machiko Management, LLC asks the U.S. Bankruptcy Court for the Central District of California, Riverside Division, for authority to obtain post-petition financing to get through bankruptcy. Specifically, the Debtor seeks to obtain post-petition financing in the form of an $850,000 priming, superpriority DIP facility from LTV Private Equity, Inc.; and the dismissal of the Chapter 11 Subchapter V case immediately after the financing is obtained. The Debtor is a Missouri LLC headquartered in Riverside County, California, operating since 2013 as a real-estate investment and management firm under the direction of manager Stephanie Chu. It owns 13 properties: seven income-producing Missouri rentals and six California assets consisting of a single-family residence and five vacant lots. Historically, steady rental income from the Missouri portfolio covered all obligations while the Debtor simultaneously invested in two Murrieta commercial parcels and three Temecula residential lots, expecting substantial appreciation tied to a large Meritage Homes development projected for the area. However, two major setbacks destabilized the business: severe tornado and structural damage to the Missouri rentals required emergency repairs, significantly reducing cash flow; and Meritage's development collapsed after shrinking and then stalling due to land-acquisition failures, causing a buyer to withdraw from escrow on one of Debtor's Murrieta lots. As a result, loans on several California properties matured without refinancing in place, pushing the Debtor into Chapter 11 to prevent foreclosures, reorganize debt, obtain new financing, and preserve equity. Under the terms of the proposed DIP facility, which will be documented through a letter of intent, DIP note, and deed of trust, LTV will lend $850,000 secured by new first-priority deeds of trust on four non-owner-occupied investment properties: two Murrieta unimproved lots, a single-family home on Carancho Road in Temecula, and an additional Temecula vacant lot. Loan proceeds estimated at $824,670 after fees will be used to cure arrears on specified Missouri and California properties, pay all filed and undisputed unsecured claims, and satisfy all administrative expenses including approximately $20,000 owed to general bankruptcy counsel and about $15,000 owed to the Subchapter V trustee. The loan will mature 24 months after funding, carries 11% interest with monthly payments of $7,791.67, includes 2.5% points, and has no prepayment penalty. LTV will receive a first-priority priming lien superior to all other encumbrances except Riverside County property taxes and a superpriority administrative expense claim under section 364(c)(1). The Debtor agrees not to incur any debt pari passu or senior to LTV's liens or superpriority status and not to use loan proceeds for any purpose other than those specified. The Debtor argues that the priming relief under section 364(d) is proper because the DIP proceeds will pay off the existing first deeds of trust, ensuring no existing lienholder is harmed and eliminating the need for separate adequate protection. Once funded, the DIP facility will allow the Debtor to cure arrears, satisfy all unsecured and administrative claims, refinance its properties into manageable long-term arrangements, and return to normal operations. On that basis, the Debtor seeks dismissal of the Chapter 11 case as being in the best interest of creditors and the estate, since all obligations will be addressed through the refinancing and continued bankruptcy oversight will no longer be necessary. A hearing on the matter is set for December 18. A copy of the motion is available at https://urlcurt.com/u?l=3k9r8A from PacerMonitor.com. About Machiko Management LLC Machiko Management LLC, a company in Temecula, California, provides administrative and office management services. Machiko Management sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-16853) on September 24, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Judge Magdalena Reyes Bordeaux oversees the case. The Debtor is represented by Summer Shaw, Esq., at Shaw & Hanover, PC. MAVERICK HOLDCO: S&P Withdraws 'B-' Issuer Credit Rating -------------------------------------------------------- S&P Global Ratings withdrew all its ratings on Maverick Holdco Inc. (Mitratech), including its 'B-' issuer credit rating. The withdrawal follows the company's repayment of its capital structure through a private refinancing. Therefore, S&P also discontinued its 'B-' issue-level rating on its first-lien term loan and 'CCC' issue-level rating on its second-lien term loan. The outlook was stable at the time of withdrawal. MCCAMMONS IRISH: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: McCammons Irish Market, LLC 620 Treybourne Drive Greenwood, IN 46142 Business Description: McCammons Irish Market, LLC operates two retail locations in Greenwood and Brownsburg, Indiana, offering a range of plants, trees, shrubs, gardening products, and landscaping services. The Company sells various tree species and gardening tools, soil, mulch, fertilizers, seeds, planters, and containers, and provides guidance on planting and container gardening. It also offers tree installation and landscape services to residential and commercial customers in its service area. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court Southern District of Indiana Case No.: 25-07405 Judge: Hon. Andrea K McCord Debtor's Counsel: Preeti (Nita) Gupta, Esq. LAW OFFICE OF NITA GUPTA 2680 East Main Street Suite 322 Plainfield, IN 46168 Tel: (317) 900-9737 E-mail: nita07@att.net Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Garold Ward as CEO. A copy of the Debtor's list of 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XK25JLY/McCammons_Irish_Market_LLC__insbke-25-07405__0001.1.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XPYIZFY/McCammons_Irish_Market_LLC__insbke-25-07405__0001.0.pdf?mcid=tGE4TAMA MCHUGH JUNK: James LaMontagne Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Region 1 appointed James LaMontagne of Sheehan Phinney Bass & Green as Subchapter V trustee for McHugh Junk Removal, Inc. Mr. LaMontagne 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. LaMontagne declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: James S. LaMontagne, Esq. Sheehan Phinney Bass & Green 75 Portsmouth Boulevard, Suite 110 Portsmouth, NH 03801 Phone: (603) 627-8102 jlamontagne@sheehan.com About McHugh Junk Removal Inc. McHugh Junk Removal Inc. provides junk-removal, hauling, and cleanup services for residential properties, rental units, construction sites, and commercial facilities. Its service portfolio includes appliance and furniture removal, yard-waste hauling, post-renovation debris cleanup, and full-property cleanouts. McHugh Junk Removal filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 25-41270) on November 24, 2025, listing between $100,001 and $500,000 in assets and between $500,001 and $1 million in liabilities. Honorable Chief Judge Elizabeth D. Katz handles the case. The Debtor is represented by Louis S. Robin, Esq., at the Law Offices of Louis S. Robin. MDNHVN LLC: Seeks Chapter 7 Bankruptcy in California ---------------------------------------------------- On December 3, 2025, MDNHVN LLC filed for Chapter 7 protection in the Central District of California Bankruptcy Court. According to court filings, the Debtor reports between $0–$100,000 in debt owed to 1–49 creditors. About MDNHVN LLC MDNHVN LLC is a limited liability company. MDNHVN LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-13392) on December 3, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $0–$100,000. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Harold Dickens III, Esq. MEADOWPOOL PROPERTIES: Case Summary & Five Unsecured Creditors -------------------------------------------------------------- Debtor: Meadowpool Properties, LLC 640 Hill Rd. Winnetka, IL 60093 Business Description: Meadowpool Properties, LLC is a single-asset real estate company, classified under 11 U.S.C. Section 101(51B), focusing on owning and managing a single property. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 25-18702 Judge: Hon. Jacqueline P Cox Debtor's Counsel: Scott R. Clar, Esq. CRANE, SIMON, CLAR & GOODMAN Suite 3950 135 South LaSalle Street Chicago, IL 60603-4297 Tel: 312-641-6777 Email: sclar@cranesimon.com Total Assets: $2,702,000 Total Liabilities: $2,739,275 Michael Smylie signed the petition as manager. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/N7JSSGQ/Meadowpool_Properties_LLC__ilnbke-25-18702__0001.0.pdf?mcid=tGE4TAMA MENDEZ BROTHERS: Seeks Chapter 7 Bankruptcy in Washington --------------------------------------------------------- On December 2, 2025, Mendez Brothers LLC filed for Chapter 7 protection in the Western District of Washington. According to court filing, the Debtor reports between $0–$100,000 in assets and $1 million–$10 million in liabilities owed to 1–49 creditors. About Mendez Brothers LLC Mendez Brothers LLC is a limited liability company. Mendez Brothers LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-13402) on December 2, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $1 million–$10 million. Honorable Bankruptcy Judge Timothy W. Dore handles the case. The Debtor is represented by Lance L. Lee, Esq. of Law Offices of Lance L. Lee. MICROTEL JOE: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------- On December 2, 2025, Microtel Joe Frank LLC filed for Chapter 7 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $0 and $100,000 in debt owed to 1-49 creditors. About Microtel Joe Frank LLC Microtel Joe Frank LLC is a hospitality-focused limited liability company that owns and operates budget hotel properties. The company provides affordable lodging solutions under the Microtel brand for both leisure and business travelers. Microtel Joe Frank LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21737) on December 2, 2025. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $0-$100,000. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtor is represented by Benjamin R. Keck, Esq. of Keck Legal, LLC. MIM LANDSCAPE: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- MIM Landscape Division, LLC got the green light from the U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, to use cash collateral. At the December 4 hearing, the court approved the Debtor's interim use of ash collateral through December 12 to pay wage claims, insurance, utilities, and payroll. MIM, a retail plant nursery business, filed a Chapter 11 bankruptcy petition on November 24, and subsequently brought a motion to use its cash collateral to maintain operations during the early stages of the bankruptcy case. Funding Metrics, LLC and Forever Funding are the creditors that may claim interests in the cash collateral. As adequate protection, the Debtor offers to grant them replacement liens, with the same validity, priority and extent as their pre-bankruptcy liens. As of the petition date, the Debtor held approximately $30,209 in a deposit account at Indiana Members Credit Union, which it seeks to use entirely to fund urgent operating expenses in accordance with its budget. About MIM Landscape Division LLC MIM Landscape Division, LLC, doing business as McCammons Irish Market, LLC, operates garden-center and landscape service locations in Greenwood and Brownsburg where it provides landscape services including tree installation. The company sells plants, trees, shrubs, and a range of gardening products to retail and project-based customers. MIM Landscape Division sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-07218) on November 24, 2025, listing between $1 million and $10 million in assets and liabilities. Garold Ward, chief executive officer of MIM Landscape Division, signed the petition. Judge Andrea K. McCord oversees the case. Preeti (Nita) Gupta, Esq., at the Law Office of Nita Gupta, represents the Debtor as legal counsel. MOTEL 6 DELK: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------- On December 2, 2025, Motel 6 Delk Road LLC filed for Chapter 7 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About Motel 6 Delk Road LLC Motel 6 Delk Road LLC operates a budget hotel under the Motel 6 brand, offering affordable lodging options for travelers on Delk Road. Motel 6 Delk Road LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21738) on December 2, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities between $0 and $100,000. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtor is represented by Benjamin R. Keck, Esq. of Keck Legal, LLC. MOUSEROAR LLC: Hires Duane Morris LLP as Special Counsel -------------------------------------------------------- MouseROAR LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Duane Morris LLP as special litigation counsel. The Debtor needs the firm's legal assistance in connection with the Adversary Proceeding, with Case No. 25-01144, filed by The Fremont Street Experience Limited Liability Company's. The firm will be paid at these rates: Partners $1,205 per hour Associates $715 per hour Paraprofessionals $530 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Brooks disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Gilbert L. Brooks, Esq. Duane Morris LLP 40 Lake Center Drive 401 Route 73 North, Suite 200 Marlton, NJ 08053 Tel: (856) 874-4204 Email: gbrooks@duanemorris.com About MouseROAR LLC MouseROAR LLC is a company operating in the motion picture and video industries. MouseROAR LLCsought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10984) on May 13, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $100,000 and $500,000. Honorable Judge Michael E. Wiles oversees the case. The Debtor is represented by H. Bruce Bronson, Esq., at Bronson Law Offices, PC. N & S HOSPITALITY: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- N & S Hospitality Group, Inc. received interim approval from the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, to use cash collateral. The court authorized the Debtor to use cash collateral through January 13, 2026, to fund operations in accordance with its budget. The Debtor is not allowed to make unauthorized payments to insiders from the cash collateral. Ozona Bank, the Debtor's lender, and other creditors holding liens and security interests will be granted replacement liens on and security interests in all of the Debtor's property. They will also receive administrative claims in case of any diminution in the value of their collateral. As additional protection, Ozona Bank will receive monthly payments of $15,500 until the earlier of the effective date of a confirmed Chapter 111 plan or until termination of the Debtor's authority to use cash collateral. The Debtor's authority to use cash collateral terminates on January 13, 2026, or upon appointment of a Chapter 11 trustee; conversion of its Chapter 11 case to one under Chapter 7; failure to pay the lender; cessation of operations; relief from the automatic stay in favor of any creditor asserting an interest in the collateral other than the lender; noncompliance with the interim order; entry of an order modifying, reversing, revoking, staying, rescinding, or vacating the interim order; or the Debtor filing a motion to sell the lender's collateral without prior consent. The interim order is available at https://is.gd/DZOV6L from PacerMonitor.com. As of the petition date, the Debtor owed Ozona Bank more than $1.78 million. The loan is secured by a first-priority security interest, lien, or mortgage on the Debtor's assets including its real property in the City of Leon Valley, personal property, and proceeds from such assets. Ozona Bank, as lender, is represented by: Michael S. Held, Esq. J. Machir Stull, Esq. Aaron E. Lozano, Esq. Jackson Walker L.L.P. 2323 Ross Ave., Suite 600 Dallas, Texas 75201 Telephone: (214) 953-5859 Facsimile: (214) 661-6859 mheld@jw.com mstull@jw.com alozano@jw.com About N & S Hospitality Group Inc. N & S Hospitality Group Inc. is a Texas-based enterprise that owns, manages, and operates businesses within the hospitality sector. Its portfolio generally spans hotels, lodging facilities, restaurants, and related service offerings designed to accommodate both business and leisure travelers. N & S Hospitality Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-52793) on November 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael M. Parker handles the case. The Debtor is represented by Paul S. Hacker, Esq., at Hacker Law Firm. NAUTICAL IMPORTS: Case Summary & Three Unsecured Creditors ---------------------------------------------------------- Debtor: Nautical Imports, LLC d/b/a HS Seashells d/b/a Coastal Decor Store f/d/b/a The Seashell Company f/d/b/a Holiday Souvenirs f/d/b/a Seashellco.com 3535 NW 19th Street Lauderdale Lakes, FL 33311 Business Description: Nautical Imports, LLC is a Florida-based company that imports seashells, sea-life products, and coastal-themed home decor and distributes them through multiple channels. The Company sells individual items through its e-commerce websites, The Seashell Company, HS Seashells and Coastal Decor Store, offering craft shells and coastal home furnishings. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court Southern District of Florida Case No.: 25-24369 Judge: Hon. Scott M. Grossman Debtor's Counsel: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC 1501 E. Concord Street Orlando, FL 32803 Tel: 407-894-6834 Email: jeff@bransonlaw.com Total Assets: $1,209,603 Total Liabilities: $1,100,499 Jerry Palfenier signed the petition as manager. 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/U5ET5LQ/Nautical_Imports_LLC__flsbke-25-24369__0001.0.pdf?mcid=tGE4TAMA NAVELLIER & ASSOCIATES: Hires Omni Agent Solutions as Claims Agent ------------------------------------------------------------------ Navellier & Associates Inc. seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Omni Agent Solutions, Inc. as notice, claims, administrative and solicitation agent. Omni will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Prior to the petition date, the Debtors provided Omni an advance payment in the amount of $10,000. Paul Deutch, an executive vice president at Omni, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul Deutch Omni Agent Solutions, Inc. 1120 Avenue of the Americas, 4th Floor New York, NY 10036 Telephone: (212) 302-3580 Facsimile: (212) 302-3820 About Navellier & Associates Inc. Navellier & Associates Inc., based in Reno, Nevada, provides investment advisory services focused on growth investing strategies, offering portfolio management and financial planning to individual and institutional clients. The firm was founded by Louis G. Navellier and manages discretionary assets while employing a quantitative and fundamental approach to stock selection. Navellier & Associates Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev.Case No. 25-50820) on September 5, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Hilary L. Barnes handles the case. The Debtor is represented by Norma Guariglia, Esq. at HARRIS LAW PRACTICE LLC. NELLIS CAB: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Nellis Cab, LLC 9811 W. Charleston Blvd., #2-367 Las Vegas, NV 89117 Business Description: Nellis Cab LLC provides taxi transportation services in Las Vegas, Nevada, and has been operating in the region for more than 60 years. The Company provides regulated-fare transportation from airports, hotels, and local residences, focusing on professional drivers, safety, and convenience. Nellis Cab also supports mobile ride-hailing and payment through its app for iPhone and Android devices. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court District of Nevada Case No.: 25-17375 Judge: Hon. August B Landis Debtor's Counsel: Samuel A. Schwartz, Esq. SCHWARTZ LAW, PLLC 601 E Bridger Ave Las Vegas, NV 89101 Tel: (702) 385-5544 Email: ecf@nvfirm.com Debtor's Special Counsel: RICE REUTHER SULLIVAN & CARROLL, LLP Debtor's Investment Banker and Financial Advisor: FORCE 10 PARTNERS Estimated Assets: $1 million to $10 million Estimated Liabilities: $100,000 to $500,000 The petition was signed by Michelle Langille as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LTU6OBI/Nellis_Cab_LLC__nvbke-25-17375__0001.0.pdf?mcid=tGE4TAMA NEWTEKONE INC: Launches Exchange Offer for 5.50% 2026 Notes ----------------------------------------------------------- NewtekOne, Inc. announced on Dec. 01, 2025, the commencement of an offer to exchange any and all of its outstanding 5.50% Notes due 2026 for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031. The Exchange Offer is being made pursuant to a registration statement on Form S-4 filed with the Securities and Exchange Commission. As of December 1, 2025, $95.0 million aggregate principal amount of the Old Notes was outstanding. Each $25 principal amount of Old Notes validly tendered and not validly withdrawn will be exchanged for $25 principal amount of New Notes. Holders whose Old Notes are accepted for exchange will also receive a cash payment for accrued and unpaid interest on such Old Notes to, but not including, the Settlement Date. The New Notes will mature on February 1, 2031 and bear interest at 8.50% per annum, payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning February 1, 2026. The New Notes will be the senior unsecured obligations of NewtekOne. NewtekOne intends to list the New Notes on Nasdaq within 30 days of the Settlement Date under the trading symbol "NEWTO." The Exchange Offer will expire at 5:00 p.m., New York City time, on January 9, 2026, unless extended or earlier terminated (the "Expiration Date"). The New Notes will be issued promptly after the Expiration Date and acceptance of the Old Notes (the "Settlement Date"). Holders may withdraw tenders of Old Notes at any time prior to the Expiration Date. Consummation of the Exchange Offer is conditioned upon the satisfaction or waiver of certain conditions, including that at least 10% of the aggregate principal amount of Old Notes be validly tendered and not validly withdrawn. The Company may, in its sole discretion, waive any condition to the Exchange Offer, other than the effectiveness of the registration statement. The purpose of the Exchange Offer is to provide existing holders of the Old Notes, which mature on February 1, 2026, with an opportunity to continue holding NewtekOne senior notes following the approaching maturity of the Old Notes. It is expected that Old Notes not exchanged will be repaid by the Company on the February 1, 2026 maturity date. Exchange Agent, Information Agent and Dealer Manager U.S. Bank Trust Company, National Association is serving as the Exchange Agent for the Exchange Offer. Alliance Advisors is serving as Information Agent for the Exchange Offer. Lucid Capital Markets, LLC is serving as the Dealer Manager for the Exchange Offer. Requests for assistance, additional copies of the prospectus or the letter of transmittal, or questions regarding the procedures for tendering Old Notes should be directed to the Information Agent or the Exchange Agent using the contact information provided in the prospectus. About NewtekOne, Inc. NewtekOne(R), Your Business Solutions Company(R), is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek(R) brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk. NewtekOne's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com) Newtek(R), NewtekOne(R) , Newtek Bank(R) , National Association, Your Business Solutions Company(R), One Solution for All Your Business Needs(R) and Newtek Advantage(R) are registered trademarks of NewtekOne, Inc. NORTH SHORE: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------ On December 4, 2025, North Shore Poke Co. Inc. filed for Chapter 11 protection in the Central District of California. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About North Shore Poke Co. Inc. North Shore Poke Co. Inc. specializes in fast-casual Hawaiian cuisine, with a focus on poke bowls. North Shore Poke Co. Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-13413) on December 4, 2025. In its petition, the Debtor reports estimated assets in the range of $0-$100,000 and estimated liabilities in the range of $100,001-$1,000,000. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by James A. Dumas, Jr., Esq. of Dumas & Kim, APC. NUMERICAL CONCEPTS: Hires Allies Commercial Realty as Broker ------------------------------------------------------------ Numerical Concepts Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to employ Allies Commercial Realty, LLC as broker. The firm will render these services: a. market the Real Estate for sale by providing, installing and removing any signage for the sale of the Real Estate, preparing and disseminating electronic and social media postings and printed brochures as agreed to by the parties, and conduct showings of the Qualified Buyer; b. negotiate for the sale of the Real Estate, assist with any requests of the Qualified Buyer, title company, contractors/vendors/inspectors of the Qualified Buyer during the offer and acceptance period and the due diligence period and up to the date of closing; and c. assist with the facilitation of closing the sale of the Real Estate. The broker's duties do not include, unless otherwise agreed to by the broker and seller in writing, the care, maintenance, management, protection or repair of any portion of the Real Estate during the Term hereof or during any period between the termination of this Agreement and any closing of any transaction with a Qualified Buyer or Listed Party. As disclosed in the court filings, is a "disinterested person" as that term is defined in Sec. 101(14) of the Bankruptcy Code. The firm can be reached through: Allies Commercial Realty, LLC 7510 E. 82nd Street Indianapolis, IN 46256 Phone: (317) 361-4787 Email: info@alliescommercialrealty.com About Numerical Concepts Inc. Numerical Concepts Inc. is a woman-owned manufacturer established in 1973, specializing in the design and fabrication of both custom-built machines and individual components for various industries worldwide. Operating from a 78,000-square-foot facility, the Company offers comprehensive services including machining, assembly, inspection, and testing with minimal subcontracting. Leveraging over 450 years of combined management and machinist experience, Numerical Concepts serves as a one-stop provider of complex equipment and parts with a focus on quality and customer satisfaction. Numerical Concepts Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-80405) on August 11, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Jeffrey J. Graham handles the case. The Debtor tapped Jason T. Mizzell, Esq., at Kroger, Gardis & Regas, LLP as counsel and Sackrider & Company as accountant. OB LLC: Seeks Approval to Hire VerStandig Law Firm as Counsel ------------------------------------------------------------- OB LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire The VerStandig Law Firm, LLC d/b/a The Belmont Firm as general reorganization counsel. The firm will provide these services: a. prepare and file all necessary pleadings, motions, and other court papers, on behalf of the Debtor; b. negotiate with creditors, equity holders, and other interested parties; c. represent the Debtor in any adversary proceedings, contested matters, and other proceedings before this Honorable Court; d. prepare a chapter 11 plan on behalf of the Debtor; and e. tend to such other and further matters as are necessary and appropriate in the prism of this case. The firm will be paid at these rates: Attorneys $600 per hour Associates $300 per hour Paralegals $100 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Maurice VerStandig, Esq., a partner at VerStandig Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Maurice B. VerStandig, Esq. The VerStandig Law Firm, LLC 9812 Falls Road, #114-160 Potomac, MD 20854 Phone: (301) 444-4600 Email: mac@mbvesq.com About OB LLC OB LLC is a limited liability company. OB LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md.) Case No. 25-20897 on November 19, 2025. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Maria Ellena Chavez-Ruark handles the case. The Debtor is represented by Maurice Belmont VerStandig, Esq. of The VerStandig Law Firm, LLC. PLEW PROPERTIES: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Plew Properties, LLC 1701 E. Empire St Suite 360-271 Bloomington, IL 61704 Business Description: Plew Properties, LLC is a real-estate holding company headquartered in Bloomington, Illinois, which owns property assets at 15900 Schank Road in Conroe, Texas. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Southern District of Texas Case No.: 25-37423 Judge: Hon. Eduardo V Rodriguez Debtor's Counsel: Susan Tran Adams, Esq. TRAN SINGH, LLP 2502 La Branch St. Houston TX 77004 E-mail: stran@ts-llp.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Xian Hua Wang as president. 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/DEKXTFY/Plew_Properties_LLC__txsbke-25-37423__0001.0.pdf?mcid=tGE4TAMA Joint Administration Sought Plew Properties, LLC is pursuing joint administration of its Chapter 11 bankruptcy proceedings with those of its affiliates, under the lead case of GAI Air, LLC, Case No. 25-90526. PREDICTIVE ONCOLOGY: Nasdaq Confirms Compliance with Equity Rule ---------------------------------------------------------------- Predictive Oncology Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on December 1, 2025, the Company received formal notice from the Nasdaq Hearings Panel of The Nasdaq Stock Market LLC notifying the Company that it was in compliance with the stockholders' equity requirement set forth in Nasdaq Listing Rule 5550(b)(1). As a result, the Company's shares will continue to trade on the Nasdaq Capital Market under the ticker "POAI." Accordingly, the previously disclosed listing matter has been closed. "Regaining compliance with Nasdaq's ongoing listing requirements reflects our recent progress in strengthening the Company's financial position and preserving investor confidence in our long-term vision," stated Josh Blacher, Chief Financial Officer of Predictive Oncology. "We are pleased that we will continue to enjoy the many benefits that Nasdaq listing confers as we initiate our transformational digital asset treasury strategy focused on the Aethir ecosystem." Nasdaq's notice further stated that pursuant to Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory panel monitor for a period of one year from December 1, 2025. If, within that one-year monitoring period, the Nasdaq Listing Qualification Staff finds the Company again out of compliance with the Stockholders' Equity Requirement, notwithstanding Rule 5810(c)(2), the Company will not be permitted to provide the Staff with a plan of compliance with respect to that deficiency and Staff will not be permitted to grant additional time for the Company to regain compliance with respect to that deficiency, nor will the Company be afforded an applicable cure or compliance period pursuant to Nasdaq Listing Rule 5810(c)(3). Instead, the Staff will issue a delist determination letter and the Company will have an opportunity to request a new hearing with the initial Panel or a newly convened hearings panel if the initial Panel is unavailable. About Predictive Oncology Predictive Oncology Inc., headquartered in Pittsburgh, Pa., is a science- and knowledge-driven company that leverages artificial intelligence (AI) to advance the discovery and development of optimal cancer therapies. By combining AI with a proprietary biobank of over 150,000 tumor samples, categorized by tumor type, the Company delivers actionable insights into drug compounds, enhancing the drug discovery process and increasing the likelihood of clinical success. Predictive Oncology offers a comprehensive suite of solutions that support oncology drug development from early discovery through to clinical trials, ultimately aiming to improve treatment effectiveness and patient outcomes. In its report dated March 31, 2025, the Company's auditor, KPMG LLP, issued a "going concern" qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred recurring losses from operations and has an accumulated deficit that raises substantial doubt about its ability to continue as a going concern. As of June 30, 2025, Predictive Oncology had $3.44 million in total assets, $5.09 million in total liabilities, and a total stockholders' deficit of $1.65 million. PRO QUIP: Seeks Approval to Hire Brito PLLC as Special Counsel -------------------------------------------------------------- Pro Quip LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Brito, PLLC as special counsel. The Debtor needs the firm's legal assistance in connection with the following adversary proceedings: -- Black Star Investment Group, LLC v. Pro Quip, LLC, Adv. No. 25-01349-PDR; -- Jerry Schnarrenberger v. Pro Quip, LLC, Adv. No. 25-01350-PDR; -- 203 2nd Avenue, LLC v. Pro Quip, LLC, Adv. No. 25-01351-PDR; -- Cee Jay Real Estate Development Corp. v. Pro Quip, LLC, Adv. No. 25-01352-PDR; and -- Fresh Start Maintenance, Inc. v. Pro Quip, LLC, Adv. No. 25-01352-PDR. The firm will be paid at these rates: Alejandro Brito, Esq. $1,000 per hour Erimar von der Osten, Esq. $750 per hour Jalaine Garcia, Esq. $700 per hour Cecilia S. Miranda, Esq. $650 per hour Ian Michael Corp., Esq. $600 per hour Carlos Mouawad, Esq. $550 per hour Lara Juliette Fernandez, Esq. $200 per hour Paralegals $175 per hour The firm will be paid a retainer in the amount of $10,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Brito disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Alejandro Brito, Esq. Brito, PLLC 2121 Ponce de Leon Blvd., Suite 650 Coral Gables, FL 33134 Tel: (305) 614-4071 About Pro Quip LLC Pro Quip, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20194) on August 29, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Peter D. Russin presides over the case. Chad T. Van Horn, Esq., represents the Debtor as legal counsel. PROSPECT MEDICAL: No Patient Care Concerns, 5th PCO Report Says --------------------------------------------------------------- Suzanne Koenig, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her fifth report regarding the quality of patient care provided by Prospect Medical Holdings and its affiliates. In her report, which covers the period from September 30 to November 28, the ombudsman developed a standardized methodology to ensure consistency in reporting among her representatives visiting each location due to the number of hospitals operated by the healthcare providers. Each site visit included the ombudsman and one SAK Healthcare representative who was a nurse by training. During each visit, the ombudsman and her representative met with the relevant hospital's leadership team, conducted a walk-through tour of each hospital and its buildings, and interviewed key professional staff and patients where possible. The ombudsman and her representatives also requested and reviewed hospital records as part of this assessment process. The ombudsman did not observe any material issues impacting patient care requiring this court's immediate attention while the individual hospital reports will provide a detailed analysis of each hospital and patient care at those hospitals. The ombudsman did observe certain areas in which the hospitals could improve the patient care experience and has discussed these issues with the healthcare providers. The Ombudsman commended the staff at the Rhode Island Hospitals for their dedication and commitment to their patients and communities during this uncertain, emotional period as these Hospitals prepare to potentially close their doors. There was no significant uptick in call outs or resignations following the Debtors' announcement. The ombudsman did not observe any staffing issues that put patients in immediate danger or jeopardized their care. The staffing levels appear to be sufficient based on the reporting provided to the ombudsman throughout the report period. The healthcare providers are actively recruiting and filling vacant shifts with float pools, overtime, agency staff, per diems, and bonuses. Ms. Koenig did not find any concerns related to procurement of adequate 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 patient care. 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 Prospect Medical Holdings Prospect Medical Holdings owns Roger Williams Medical Center, Our Lady of Fatima Hospital, and several other healthcare facilities. Prospect Medical Holdings and its affiliates filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 25-80002) on January 11, 2025. At the time of the filing, Prospect Medical Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Stacey G. Jernigan handles the cases. The Debtors' bankruptcy attorneys are 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 also 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. Suzanne A. Koenig is the patient care ombudsman appointed in the Debtors' cases. R.W. SIDLEY: Hires McDonald Hopkins as Pension Termination Counsel ------------------------------------------------------------------ R.W. Sidley, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Ohio to employ McDonald Hopkins, LLC as special pension termination counsel. The firm will assist the Debtor with respect to the termination of the Debtor's pension plan authorized by the Court (Doc. No. 169), and related services. The firm's rates are: John Wirtshafter $985/hour Jason Faust $800/hour Monica Moreno $440/hour McDonald Hopkins was holding $200,000 in advance payment retainer. As disclosed in the court filings, McDonald Hopkins is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, and does not hold or represent an interest adverse to the Debtors' estates. The firm can be reached through: John Wirtshafter, Esq. McDonald Hopkins, LLC 600 Superior Ave., E., 21st Fl. Cleveland, OH 44114 Tel: (330) 305-9700 Fax: (330) 305-9713 E-mail: tony@ajdlaw7-11.com About R.W. Sidley Inc. R.W. Sidley Inc. is a construction materials company based in Thompson, Ohio. R.W. Sidley sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-12797) on July 2, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Jessica E. Price Smith handles the case. The Debtor tapped Anthony J. DeGirolamo, Esq., as counsel and Root, Spitznas & Smiley, Inc. as accountant. RAZPAAD CORPORATION: Seeks Chapter 7 Bankruptcy in New York ----------------------------------------------------------- On December 3, 2025, Razpaad Corporation filed for Chapter 7 protection in the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Razpaad Corporation Razpaad Corporation is a single asset real estate company. Razpaad Corporation sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-45800) on December 3, 2025. In its petition, the Debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of the same range. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. REENVISION AESTHETICS: No Staffing Challenges, 4th PCO Report Says ------------------------------------------------------------------ Tamar Terzian, the duly appointed successor patient care ombudsman, filed with the U.S. Bankruptcy Court for the Central District of California her fourth interim report regarding the quality of patient care provided by ReEnvision Aesthetics and Medspa, PC. In the report which covers the period August 19 to October 19, the PCO for this Fourth Interim Report has no changes from the previous reporting period. Dr. Prince continues to repeat patients and currently the census is approximately 40-60 patients per week. The PCO cited how Dr. Prince discussed with her two informal complaints by patients. Based on such complaints Dr. Prince is working on the patient for resolution of the complaints. PCO reviewed the medical records of the patient complaints and PCO has no concerns based on the information provided. The PCO noted that the medical records are uploaded on ReEnvision's electronically medical records (EMR) using the software Dr. Chrono. ReEnvision provided access to the PCO of the EMR where the PCO reviewed patient records. No privacy violations noted for medical records. Ms. Terzian verified the license of Dr. Prince and staff. The licenses are properly displayed in the facility. The facilities are in compliance with the California Health and Safety Code Section 11834.01 and Title 9, California Code of Regulations (CCR), Section 10502. The PCO observed staff during operational hours. PCO finds that Debtor has sufficient staff. Staff was friendly and provided the proper treatment for patient's needs. Debtor provided PCO with certifications or training for staff as requested by PCO. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=a8R4zF from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian 601 W. 5th Street, 3rd Floor Los Angeles, California 90071 Telephone: (213) 395-7620 Facsimile: (213) 395-7615 About ReEnvision Aesthetics and MedSpa ReEnvision Aesthetics and Medspa, PC filed Chapter 11 bankruptcy petition (Bankr. C.D. Calif. Case No. 25-10127) on February 1, 2025, listing up to $1 million in both assets and liabilities. Judge Ronald A. Clifford, III oversees the case. The Debtor is represented by The Fox Law Corporation, Inc. REENVISION AESTHETICS: No Supply Concerns, 3rd PCO Report Says -------------------------------------------------------------- Tamar Terzian, the duly appointed successor patient care ombudsman, filed with the U.S. Bankruptcy Court for the Central District of California her third interim report regarding the quality of patient care provided by ReEnvision Aesthetics and Medspa, PC. In the report which covers the period June 19 to August 19, the PCO conducted a site visit to ReEnvision's facility in Simi Valley and met with Dr. Prince. Staffing includes Dr. Prince, a registered nurse, a medical assistant, esthetician, two receptionists (one is part-time) and an office assistant. During the PCO's site visit, one patient was being treated in the exam room and observation was limited due to privacy. The PCO observed generally that all medication was properly labeled and stored for staff use. The medication and products used by ReEnvision are only accessible to staff. Overall, the medical offices were clean and ReEnvision has more than sufficient supplies for treatment. The PCO noted that the medical records are uploaded on ReEnvision's electronically medical records (EMR) using the software Dr. Chrono. ReEnvision provided access to the PCO of the EMR where the PCO reviewed patient records. No privacy violations noted for medical records. The PCO observed staff during operational hours. She finds that ReEnvision has sufficient staff. The staff was friendly and provided the proper treatment for patient needs. ReEnvision provided the PCO with certifications or training for staff as requested by the PCO. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=PkRjr5 from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian 601 W. 5th Street, 3rd Floor Los Angeles, California 90071 Telephone: (213) 395-7620 Facsimile: (213) 395-7615 About ReEnvision Aesthetics and MedSpa ReEnvision Aesthetics and Medspa, PC filed Chapter 11 bankruptcy petition (Bankr. C.D. Calif. Case No. 25-10127) on February 1, 2025, listing up to $1 million in both assets and liabilities. Judge Ronald A. Clifford, III oversees the case. The Debtor is represented by The Fox Law Corporation, Inc. RENHURST HOLDINGS: Seeks to Hire PetroVal Inc. as Appraiser ----------------------------------------------------------- Renhurst Holdings, Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ PetroVal, Inc. as appraiser. The firm will appraise the Debtor's real property, a gas station along with a convenience store and Baja Fresh franchise located at 817 East Renfro Street, Burleson, Texas 76028. The Debtor paid the firm an advance retainer of $3,750. If court testimony is needed, the firm will be paid $250 per hour with a 2-hour minimum. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Arthur Goldsmith PetroVal, Inc. 2289 Glenmore Lane Snellville, GA 30078 Tel: (770) 736-6112 About Renhurst Holdings, Inc. Renhurst Holdings, Inc. manages real estate for others and provides property appraisal services and is classified as a single-asset real estate debtor under 11 U.S.C. Section 101(51B). Renhurst Holdings, Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43905) on Oct. 7, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Qasim Saeed as president. Judge Edward L Morris presides over the case. Joseph Fredrick Postnikoff, Esq. at ROCHELLE MCCULLOUGH, LLP represents the Debtor as counsel. RLG HOLDINGS: S&P Downgrades ICR to 'CCC+', Outlook Negative ------------------------------------------------------------ S&P Global Ratings downgraded RLG Holdings LLC to 'CCC+' from 'B-'. Additionally, S&P lowered the issue-level ratings on the company's first-lien term loans to 'CCC+' from 'B-' and the second-lien term loan to 'CCC-' from 'CCC'. The recovery ratings remain unchanged at '3' and '6', respectively. The negative outlook on RLG reflects heightened economic volatility amid tariff uncertainty and deteriorating consumer sentiment. It also reflects our expectation for negative reported cash generation and narrow liquidity. RLG Holdings LLC reported a year-over year third-quarter organic revenue decline of 5% and pro forma S&P Global Ratings-adjusted EBITDA decline of 15%, driven by a continued soft demand environment. Heightened macroeconomic risks related to policy uncertainty, tariffs, and high interest rates could continue to dampen consumer spending, further reducing volume growth in the fourth quarter and into 2026, contributing to a more constrained liquidity position. RLG reported continued underperformance in the third quarter amid sustained volume softness and a more challenging macroeconomic environment. RLG's organic revenue declined 5%, driven by a soft demand environment. Within its two largest end markets (43% of revenue), health was down 10% and food end markets were down 4% in the quarter. Beverage, making up roughly 10% of revenue, was also down 14% as the secular decline of alcoholic beverages continues to heavily impact the label market. Its EBITDA and EBITDA margin were also hindered by a lower mix from the higher-margin categories within health care and specialty items. The company's pro forma S&P Global Ratings-adjusted EBITDA declined 15% year over year. S&P said, "As a result, we lowered our full-year 2025 and 2026 projections for the company. We forecast low-single-digit percent organic revenue declines for 2025, lower than our previous expectations, with S&P Global Ratings-adjusted EBITDA levels of $90 million-$95 million, resulting in leverage over 10x and an S&P Global Ratings-adjusted free operating cash flow (FOCF) deficit of $25 million." The company announced several cost savings initiatives it will implement through year-end, which it expects will generate $13 million in savings through restructuring, material sourcing, and facility consolidation activities. The company also announced a change in leadership positions, naming a new interim CEO and CFO effective immediately. Debt-funded acquisitions and cash flows have deteriorated RLG's liquidity. In 2024, the company completed two acquisitions, Labelcraft Inc. in March and Beyer Graphics in May, for a combined cash purchase price of about $68 million. During the year, it completed three fungible first-lien term loan add-ons totaling $60 million and borrowed an additional $20 million on its $85 million revolving credit facility (RCF), bringing year end borrowings to $45 million. In the first quarter of 2025, RLG completed two additional acquisitions for about $23 million, which it partially funded with a $21 million fungible first-lien term loan add-on. It funded the remaining purchase price with cash and additional borrowings on the RCF. At the end of the third quarter, it borrowed $58 million of the $85 million RCF to fund the shortfall in cash flows. The company was successfully able to extend the facility from July 2026 to July 2028 in the second quarter and executed roughly $17 million in equipment financing leasebacks that helped offset cash outflows. S&P said, "We believe further revenue and volume declines will lead to a constrained liquidity position, as the company has just $35 million in total liquidity as of the end of the third quarter. Though RLG remains committed to its tuck-in acquisition strategy, we assume the company will pause mergers and acquisitions until it strengthens its liquidity position. However, if it executes additional tuck-in acquisitions, increases its borrowings on its RCF, or continues to realize declining volumes, we could consider lowering our ratings. "The negative outlook on RLG reflects heightened economic volatility amid tariff uncertainty and deteriorating consumer sentiment. It also reflects our expectation for negative reported cash generation and narrow liquidity. "We could lower our ratings on RLG if we believe a payment default or distressed restructuring is likely within the next 12 months. This could occur if organic volumes decline and its operating performance worsens, resulting in negative cash flows that diminish liquidity." S&P could revise its outlook or raise the rating on RLG if: -- The company improves its earnings and generates sufficient FOCF to fund its operations and capital expenditures; -- The company reduces its S&P adjusted leverage to a level S&P views as sustainable, which include debt leverage under 8x and the company generating positive FOCF; and -- It strengthens its liquidity position. RMS CARRIERS: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the District of South Carolina issued a final order authorizing RMS Carriers, LLC to continue using cash collateral to operate its business. The final order authorized the Debtor to use cash collateral in accordance with its budget, subject to a 10% variance. As adequate protection, secured creditors that may assert an interest in the cash collateral including Supersonic and Midland will be granted replacement liens on post-petition cash collateral, with the same validity and priority as their pre-bankruptcy liens. Professional fees for the Subchapter V trustee or estate professionals must be escrowed and paid only after court approval. A copy of the final order and the Debtor's budget is available at https://shorturl.at/X76II from PacerMonitor.com. 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 ROYAL HELIUM: North American Takes 56% Stake After CCAA Exit ------------------------------------------------------------ North American Industrial Gases Inc., a wholly owned subsidiary of Airlife Gases Private Limited, is issuing this press release pursuant to the requirements of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with North American's acquisition of securities of Royal Helium Ltd. (the "Issuer"). On November 28, 2025, North American acquired a total of 79,901,328 Class A common voting shares of the Issuer and 4,000,000 share purchase warrants of the Issuer representing approximately 56.40% of the issued and outstanding Common Shares on a non-diluted basis and 57.60% of the issued and outstanding Common Shares on a partially diluted basis. Each Warrant entitles North American to purchase one Common Share at a price of $0.65 per share for a period of 36 months. North American did not own any securities of the Issuer prior to the acquisitions described herein. North American acquired the Acquired Shares pursuant to a three-cornered amalgamation transaction whereby, among other things, Keranic Industrial Gas Inc. and 102218200 Saskatchewan Inc., a subsidiary of the Issuer, amalgamated to form a new wholly owned subsidiary of the Issuer pursuant to proceedings commenced under the Companies' Creditors Arrangements Act (Canada). The Issuer and its subsidiaries have exited the CCAA Proceedings. The Transaction was completed pursuant to a reverse vesting order approved by the Court of King's Bench (Alberta). Prior to the Amalgamation, the Issuer's outstanding Common Shares were consolidation on an 8:1 basis, and the Articles of the Issuer were amended to distinguish between two classes of shares: the Common Shares and the Class B preferred non-voting shares. On November 28, 2025, prior to closing of the Transaction, North American held 4,000,000 Keranic subscription receipts which converted into 4,000,000 units of Keranic, each unit consisting of one common share of Keranic and one Keranic Share purchase warrant. Pursuant to the Amalgamation, such Keranic Shares and Keranic Warrants were exchanged for 4,000,000 Acquired Shares and 4,000,000 Warrants. North American previously paid Keranic the sum of $2,000,000 to subscribe for the 4,000,000 Subscription Receipts. In addition, on November 28, 2025, prior to the Amalgamation, North American subscribed for 44,117,647 Keranic Shares at a price of $0.02108 per share pursuant to a share purchase and reorganization agreement between Keranic and North American dated August 21, 2025, as amended. Also on November 28, 2025 and prior to the Amalgamation, North American purchased 31,783,681 Keranic Shares from Research Capital Financial Corporation at a price of $0.035 per Keranic Share; RCFC had subscribed for such Keranic Shares at and for a price of $0.02108 per share and immediately resold such Keranic Shares to North American. North American acquired the Common Shares and Warrants described herein for investment purposes. This news release is issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report will be electronically filed with the applicable securities commission in each jurisdiction where the Issuer is a reporting issuer and will be available on the Issuer's SEDAR+ profile at www.sedarplus.ca. A copy of the report can also be obtained by contacting North American at 876 Kingsway, Vancouver BC V5V 3C3, Canada, Tele: +1 604-829-7007. The head office of the Issuer is located at Suite 602, 224 4th Avenue South, Saskatoon, Saskatchewan S7K 5M5, Canada. About Royal Helium Ltd. Royal Helium is a publicly listed helium exploration and production company with a strategic portfolio of assets across Western Canada. The company holds significant infrastructure and resource positions in known helium-producing formations. Research Capital Corporation served as financial advisor, and McDougall Gauley LLP served as legal counsel. to Keranic in connection with the Transaction and related financings. Stikeman Elliott LLP acted as legal advisor to Research Capital Corporation in connection with the financings. AirLife was represented by Gowlings LLP as legal counsel. Syndicate Lending Corporation acted as financial advisor to the Strategic Investor. S & L TRUCKING: Hires Law Offices of Geno and Steiskal as Counsel ----------------------------------------------------------------- S & L Trucking, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to employ Law Offices of Geno and Steiskal, PLLC as counsel. The firm will render these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accounts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning it which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these rates: Craig Geno, Attorney $500 per hour Christopher Steiskal, Attorney $400 per hour Paralegals $275 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $15,000 from the Debtor, inclusive of $1,738 filing fee. Mr. Geno disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About S & L Trucking, LLC S & L Trucking, LLC is a Mississippi-based trucking firm specializing in general freight services. S & L Trucking filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 25-13876) on November 12, 2025, with $500,001 to $1 million in assets and liabilities. Judge Jason D. Woodard presides over the case. Craig M. Geno, Esq., at the Law Offices of Craig M. Geno, PLLC represents the Debtor as bankruptcy counsel. SAFE & GREEN: Raises $4MM via Series C Preferred Stock Offering --------------------------------------------------------------- Safe & Green Holdings Corp. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on November 25, 2025, the Company consummated a Private Placement pursuant to a Securities Purchase Agreement with an institutional investor for the purchase and sale of 4,500 shares of the Company's series c preferred stock, $1.00 par value per share, for an initial purchase price of $4,050,000 ($3,150,000 payable at the initial closing and an additional $900,000 payable on the initial date of effectiveness of the registration statement registering the Securities). Pursuant to the Purchase Agreement and subject to certain ownership limitations, the Company may be required to issue Preferred Shares to the Purchaser for the Purchaser's purchase upon request and at the option of the Purchaser and subject to the conditions set forth therein. The Company may require the Purchaser to participate in one or more additional closings for the sale of additional shares of the Company's Series C Preferred Stock, $1.00 par value per share up to a maximum number of Additional Preferred Shares of 45,500. The Series C Preferred Stock is convertible into shares of the Company's Common Stock. The initial conversion price of the Company's Series C Preferred Stock is $3.19 per share and is subject to adjustment as set forth in the Certificate of Designation of Rights and Preferences of Series C Preferred Stock. The stated value of each share of Series C Preferred Stock shall be $1,000. The conversion amount of the Company's Series C Preferred Stock is 110% of the sum of the Stated Value plus any Additional Amount (as defined in the Certificate of Designations). The number of Conversion Shares are subject to adjustments for stock splits, recapitalizations, and reorganizations. The Initial Preferred Shares, the Additional Preferred Shares, and the Conversion Shares are collectively referred to as the "Securities". All shares of Company capital stock shall be junior in rank to all Series C Preferred Stock with respect to preferences for dividends, distributions and payments upon the liquidation, dissolution, and winding up of the Company. The Series C Preferred Stock are entitled to receive dividends, as set forth in the Certificate of Designation. If there is no Equity Conditions Failure (as defined in the Certificate of Designation), the Company may elect a combination of a Capitalized Dividend and a payment in Dividend Shares (as defined in the Certificate of Designation). In connection with the Private Placement, the Company entered into a Registration Rights Agreement with the Purchaser on November 25, 2025, pursuant to which the Company is required to file a registration statement covering the resale of the Securities. Pursuant to the terms of the placement agency agreement with WestPark Capital Inc., the Company paid the placement agent a commission equal to 7.0% of the gross proceeds from the offering. In addition, the Company agreed to reimburse the placement agent $25,000 for certain out-of-pocket expenses. The Purchase Agreement contains customary representations and warranties, indemnification rights, agreements and obligations, conditions to closing and termination provisions. The offering closed on November 28, 2025. The net proceeds to the Company from the offering were approximately $2,799,500, after deducting placement agent fees and the payment of other offering expenses associated with the offering that were payable by the Company. Full-text copies of the Certificate of Designations, Securities Purchase Agreement, Certificate of Designation and Registration Rights Agreement are available at https://tinyurl.com/mrxcvkv3, https://tinyurl.com/3bx4dapz and https://tinyurl.com/4xywxf2d, respectively. About Safe & Green Safe & Green Holdings Corp. is a modular solutions company headquartered in Miami, Florida. The company specializes in the development, design, and fabrication of modular structures, focusing on safe and green solutions across various industries. The Woodlands, Texas-based M&K CPAS, PLLC, 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 net losses since its inception, negative working capital, and negative cash flows from operations, which raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $54,105,678 in total assets, $29,170,121 in total liabilities, and a total stockholders' equity of $24,935,557. SAFE HANDS ADULT: Seeks Chapter 7 Bankruptcy in Virginia -------------------------------------------------------- On December 4, 2025, Safe Hands Adult Care Services LLC filed for Chapter 7 protection in the Western District of Virginia. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About Safe Hands Adult Care Services LLC Safe Hands Adult Care Services LLC is a healthcare services company specializing in providing in-home and facility-based adult care. The company focuses on delivering compassionate, high-quality support for seniors and adults with disabilities, emphasizing safety, dignity, and personalized care. Safe Hands Adult Care Services LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 25-61477) on December 4, 2025. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities in the same range. Honorable Bankruptcy Judge Rebecca B. Connelly handles the case. The Debtor is represented by Stephen E. Dunn, Esq. SECOND STREET: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- Second Street Sandwiches, Inc. got the green light from the U.S. Bankruptcy Court for the Eastern District of Missouri to use cash collateral. At the recent hearing, the court granted the Debtor's bid to use cash collateral on an interim basis and scheduled a further hearing for December 18. The continued operation of the Debtor's retail food business depends entirely on access to this cash collateral. Secured creditors, Midwest Regional Bank and the U.S. Small Business Administration, hold liens on substantially all business assets of the Debtor including cash collateral stemming from pre-bankruptcy financing arrangements. Midwest, the primary secured creditor, holds a 2013 promissory note, with a balance of approximately $2.41 million as of the petition date. The loan is secured by a deed of trust on the Debtor's commercial real estate as well as UCC liens on all business assets and guaranties. SBA is the junior secured creditor, holding a $150,000 note guaranteed by David Bailey and secured by a second-priority lien on the same assets. The Debtor offers to provide the secured creditors with protection in the form of monthly partial non-default interest payments beginning December 30; replacement liens on all post-petition collateral, excluding Chapter 5 avoidance actions; and a fee carveout. The Debtor believes that MRB and SBA are oversecured since the value of its assets exceeds the amounts of the creditors' claims. Midwest Regional Bank is represented by: Paul C. Hamill, Esq. Hockensmith McKinnis Hamill, P.C. 12801 Flushing Meadow Drive, Suite 101 St. Louis, MO 63131 (314) 965-2255 Hamill@hmhpc.com About Second Street Sandwiches Inc. Second Street Sandwiches, Inc. doing business as Rooster, operates a food service establishment at 3150 S. Grand Blvd. Saint Louis, Missouri, serving sandwiches, brunch, local coffee, craft beer, and cocktails. Second Street Sandwiches sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Case No. 25-44600) on November 25, 2025, listing up to $10 million in assets and liabilities. David Bailey, president of Second Street Sandwiches, signed the petition. Judge Kathy A. Surratt-States oversees the case. Spencer Desai, Esq., at The Desai Law Firm, represents the Debtor as bankruptcy counsel. SERRA GAUCHA: Seeks to Hire Barski Law Firm as Bankruptcy Counsel ----------------------------------------------------------------- Serra Gaucha Brazilian Steakhouse, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Barski Law Firm PLC to handle its Chapter 11 case. The firm will be paid at these rates: Attorneys $425 per hour Paralegal $225 per hour In addition, the firm will receive reimbursement for out-of-pocket expenses incurred. Chris Barski, Esq., an attorney at Barski Law Firm, disclosed in a court filing that his firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Chris D. Barski, Esq. Barski Law, PLC 9375 E. Shea Blvd., Suite 100 Scottsdale, AZ 85260 Telephone: (602) 441-4700 Email: cbarski@barskilaw.com About Serra Gaucha Brazilian Steakhouse Serra Gaucha Brazilian Steakhouse, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-11201) on November 20, 2025, with $500,001 to $1 million in assets and liabilities. Chris D. Barski, Esq., at Barski Law represents the Debtor as legal counsel. SKYLINE TOWER: 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 Skyline Tower Resort Vacation Condominium Association, Inc. 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 Skyline Tower Resort Vacation Condominium Association Skyline Tower Resort Vacation Condominium Association Inc., doing business as The Boardwalk Brew, is a not-for-profit corporation organized in New Jersey to manage the Fairfield Atlantic City - Skyline Tower condominium in Atlantic City, New Jersey, overseeing a 32-story high-rise built in 1982 that includes 296 residential units ranging from one- to four-bedroom apartments and 20 commercial units. Skyline sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-22156) on November 15, 2025, with $10 million to $50 million in assets and $500,000 to $1 million in liabilities. Sheama Holmes-Walker, president of Skyline, signed the petition. Judge Andrew B Altenburg Jr. presides over the case. The Debtor tapped Forman Holt as counsel; K&L Gates LLP as special counsel; Hilco Real Estate, LLC as real estate broker; and Omni Agent Solutions, Inc. as notice claims & solicitation agent. SMT TRUCKING: Seeks Chapter 11 Bankruptcy in North Carolina ----------------------------------------------------------- On December 1, 2025, SMT Trucking LLC filed for Chapter 11 protection in the Eastern District of North Carolina. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About SMT Trucking LLC SMT Trucking LLC is a logistics provider headquartered that focuses on efficient freight transport and supply chain solutions. SMT Trucking LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-04795) on December 1, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Laurie Biggs, Esq. of Biggs Law Firm PLLC. SOLANGE AT NORTH: Hires Michael Best & Friedrich as Counsel ----------------------------------------------------------- Solange at North Logan LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Michael Best & Friedrich, LLP as general bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to its rights, duties, and powers under the Bankruptcy Code; b. preparing bankruptcy statements and schedules; c. proposing a plan of reorganization and disclosure statement; d. representing the Debtor in connection with any contested matters, adversary proceedings, or other litigation; and e. performing all other necessary and appropriate legal services for the Debtor in connection with their chapter 11 cases. The firm will be paid at these rates: Jeffrey A. Weinman (Of Counsel) $750 per hour Bailey Pompea (Senior Counsel) $595 per hour Destiney Parker-Thompson (Associate) $445 per hour Davis W. Sullivan (Associate) $445 per hour Emily Sexton (Associate) $385 per hour The firm received a prepetition retainer in the amount of $20,000, including the $1,738 filing fee. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Weinman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jeffrey A. Weinman, Esq. Michael Best & Friedrich, LLP 675 15th St., Suite 2000 Denver, CO 80202 Telephone: (720) 240-9515 Email: Jeffrey.Weinman@michaelbest.com About Solange at North Logan LLC Solange at North Logan LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Colo. Case No. 1:25-bk-17821) on Nov 26, 2025. The Debtor hires Michael Best & Friedrich, LLP as general bankruptcy counsel. SOLUSCIENCE INC: Jonathan Dickey Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Jonathan Dickey as Subchapter V trustee for SoluScience, Inc. Mr. Dickey will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Dickey declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jonathan M. Dickey, Esq. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 303-832-2400 Email: jmd@kutnerlaw.com About SoluScience Inc. SoluScience, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 25-17816) on November 26, 2025, with $100,001 to $500,000 in assets and liabilities. Lawrence N. Rogak, Esq., at Lawrence N. Rogak, LLC represents the Debtor as legal counsel. SOUND VISION: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Sound Vision Care, Inc. and its affiliates received fourth interim approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral. The fourth interim order authorized the Debtors to use cash collateral to pay the expenses set forth in the approved budget, subject to a 10% variance. As adequate protection, the Debtors must make monthly payments of $45,457.76 to U.S. Eagle Federal Credit Union, $1,822 to Bank of America, N.A., and $4,331.40 to Flushing National Bank. In addition, the secured creditors will be granted automatically perfected replacement liens on all assets of the Debtors, with the same validity, priority and order as their pre-bankruptcy liens. The replacement liens do not apply to any Chapter 5 avoidance actions and the proceeds thereof. In case the replacement liens prove inadequate, the secured creditors will receive superpriority administrative expense claims., according to the second interim order. The order also provides for a carveout for U.S. trustee fees and hypothetical Chapter 7 trustee fees (capped at $10,000). The Debtors' right to use cash collateral terminates upon occurrence of certain events such as case dismissal or conversion, plan confirmation, uncured defaults, unauthorized modifications to the order, or cessation of business operations. About Sound Vision Care Inc. Sound Vision Care, Inc. provides comprehensive eye care services, including eye exams, treatment for various eye conditions, and personalized fittings for eyeglasses and contact lenses. Operating in Riverhead, Southold, and Southampton, New York, the practice serves patients of all ages and needs. The clinic is staffed by trained professionals and led by Dr. Jeffrey Williams, who offers referrals to ophthalmologists for surgical care. Sound Vision Care and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Lead Case No. 25-72421) on June 23, 2025. In its petition, Sound Vision Care reported estimated assets between $50,000 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtors are represented by Robert L. Rattet, Esq., at Davidoff Hutcher & Citron, LLP. SOUTHERN EXPRESS: Unsecureds to Split $250K over 5 Years -------------------------------------------------------- Southern Express Inc. filed with the U.S. Bankruptcy Court for the Eastern District of North Carolina a Disclosure Statement describing Plan of Reorganization dated December 3, 2025. The Debtor is a North Carolina corporation that was formed in 2010. The Debtor is a motorcoach transportation company located in Apex, North Carolina that provides transportation services across the United States to a variety of clients and customers. Southern Express, Inc. was formed in 2010 by Vance Hoover and Bruce Bechard after they worked together in the motorcoach industry at another company for over twelve years. Mr. Hoover has since been the 100% owner of the business since 2017. Like many businesses, the Debtor's business shuttered in early 2020 during the COVID19 pandemic. The Debtor was forced to furlough all of its employees for quite some time. The Debtor took out an SBA EIDL loan, and a loan with Capital Bank backed by the SBA in early 2020. Since that time, the Debtor has been experiencing cash flow issues and revenue issues as it has recovered from the pandemic; more recently, those issues were exacerbated by daily sweeps of its bank account by a creditor. The Debtor filed this case to restructure its outstanding debt, as well as downsize operations, liquidate some of its vehicle fleet and simultaneously restructure debts owed to its various secured lenders who hold security interests in the Debtor's vehicles. Since filing, the Debtor has operated its business without interruption. The Debtor shall make payments under the Plan from cash on hand and revenue generated by the continued operation of the Debtor's business. The Debtor shall deposit all revenue into a designated bank account and disburse all funds in accordance with the terms of this Plan. The disbursements to be made under this Plan will consist of cash payments which shall be made towards (i) any Allowed Administrative Claims, (ii) any Allowed Professional Fee Claims, which are expected to consist of the fees and expenses of the Debtor's attorney, (iii) any Allowed Priority Tax Claims, (iv) any Allowed Priority Non-Tax Claims, (v) Allowed Secured Claims, and (vi) any Allowed General Unsecured Claims. Class X consists of General Unsecured Claims. Claimants in this Class will receive distributions on a pro-rata basis after payment to creditors in all senior classes in accordance with the various treatments set forth herein. The Debtor shall pay $250,000.00 over five years, payable in quarterly installments. Payments shall commence on the fifteenth day of the third full month following the Effective Date, and continue thereafter quarterly for a total term of five years (20 quarterly payments). For feasibility purposes, the Debtor estimates a quarterly payment amount to this Class totaling $12,500.00. This class will be impaired. Class XIII consists of the sole shareholder of the Debtor as follows: R. Vance Hoover (100% shareholder interest). The equity security holder shall retain his ownership interest upon confirmation of the Plan. A full-text copy of the Disclosure Statement dated December 3, 2025 is available at https://urlcurt.com/u?l=u6t6Si from PacerMonitor.com at no charge. Counsel for the Debtor: HENDREN, REDWINE & MALONE, PLLC Jason L. Hendren, Esq. Rebecca Redwine Grow, Esq. Benjamin E.F.B. Waller, Esq. Lydia C. Stoney, Esq. 4600 Marriott Drive, Suite 150 Raleigh, NC 27612 Telephone: (919) 573-1422 Facsimile: (919) 420-0475 Email: jhendren@hendrenmalone.com rredwine@hendrenmalone.com bwaller@hendrenmalone.com lstoney@hendrenmalone.com About Southern Express Inc. Southern Express Inc. provides motorcoach and shuttle transportation services across the southern United States, including corporate charters, event and campus shuttles, school and family trips, and airport transfers. Founded in 2010 by industry professionals Bruce Bechard and Vance Hoover, the privately held company operates a modern, sanitized fleet staffed by certified driving professionals and emphasizes locally made decisions to ensure consistent, client-focused service. Southern Express sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-02978) on August 5, 2025, listing $3,330,694 in assets and $6,321,019 in liabilities. R. Vance Hoover, president of Southern Express, signed the petition. Judge Pamela W. Mcafee oversees the case. Jason L. Hendren, Esq., at Hendren, Redwine & Malone, PLLC, represents the Debtor as legal counsel. SPEAR SECURITY: Taps William G. Haeberle CPA as Accountant ---------------------------------------------------------- Spear Security Operations, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire William G Haeberle CPA LLC as accountant. The Debtor requires an accountant to prepare its monthly operating reports and provide other services. The firm will be paid $200 per month for the monthly operating reports and a retainer fee of $2,000. As disclosed in court filings, William G. Haeberle, CPA is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: William G. Haeberle, CPA William G. Haeberle, CPA, LLC 4446-1A Hendricks Ave. #245 Jacksonville, FL 32207 About Spear Security Operations LLC Spear Security Operations, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04144) on November 11, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Jacob A. Brown presides over the case. Bryan K. Mickler, Esq., at Mickler & Mickler represents the Debtor as legal counsel. SPIRIT AIRLINES: Seeks to Reject Leases on 11 More A320 Jets ------------------------------------------------------------ Howard Hardee of FlightGlobal reports that Spirit Airlines is pushing ahead with aggressive fleet downsizing, seeking court approval to reject leases on 11 more Airbus A320-family jets. The move builds on the ULCC's earlier decision to walk away from 58 aircraft leases in October, part of its broader effort to recalibrate capacity during an extended period of soft demand for discount fares. On December 2, 2025, Spirit filed a motion in the Southern District of New York Bankruptcy Court to reject leases with effective dates between mid-December and mid-February. The proposal awaits review at a 15 December hearing. The carrier says the step is tied to ongoing negotiations with lessors as it attempts to renegotiate burdensome agreements under Chapter 11, the report states. CFO Fred Cromer described the aircraft as excess, unproductive assets that drain liquidity during a critical restructuring phase. Spirit's financial challenges have intensified in recent years, including a $317 million third-quarter loss and a 20% year-over-year revenue slide. The airline's reliance on sale-leaseback financing and rapid pre-pandemic expansion has now created lease obligations ill-suited to the current environment, according to report. Though Spirit maintains a 214-aircraft fleet, Cirium data show nearly half parked for more than 30 days. Cromer said the company may pursue additional asset returns as it works to optimize its fleet and financial position. While the airline has acknowledged uncertainty about its ability to continue operating independently, it also emphasized that strategic alternatives—including a possible acquisition—remain under consideration, the report states. About Spirit Airlines Spirit Airlines, LLC (SAVE) is a low-fare carrier committed to delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. On the Web: http://wwww.spirit.com/ Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged plan with bondholders. At the time of the filing, Spirit Airlines reported $1 billion to $10 billion in both assets and liabilities. Judge Sean H. Lane oversees the case. The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel; Alvarez & Marsal North America, LLC, as financial advisor; and Perella Weinberg Partners LP as investment banker. Epiq Corporate Restructuring, LLC, is the claims agent. Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel for the Ad Hoc Group of Convertible Noteholders. Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC represent the Ad Hoc Group of Senior Secured Noteholders. The official committee of unsecured creditors retained Willkie Farr & Gallagher LLP as counsel. Citigroup Global Markets, Inc., is serving as financial advisor and Latham & Watkins LLP is serving as legal counsel to Frontier. 2nd Attempt Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 25-11896) on August 29, 2025. In its petition, the Debtors reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Marshall Scott Huebner, Esq. and Darren S. Klein, Esq. at Davis Polk & Wardwell LLP. SPIRIT AVIATION: Examiner Hires Glenn Agre as Counsel ----------------------------------------------------- Marc J. Heimowitz, the Examiner of Spirit Aviation Holdings, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Glenn Agre Bergman & Fuentes LLP as counsel. The firm will provide these services: a. represent and assist the Examiner in the discharge of his responsibilities under the Examiner Order, other orders of the Court, and applicable law; b. represent the Examiner in the preparation of motions, applications, notices, orders, and other documents necessary for the discharge of the Examiner's duties; c. represent the Examiner at hearings and other proceedings before this Court, and, to the extent necessary, any other court; d. analyze and advise the Examiner regarding any legal issues that arise in connection with the discharge of his duties; e. assist the Examiner with interviews, examinations, and the review of documents and other materials in connection with the Examiner's investigation; f. perform all necessary legal services on behalf of the Examiner in connection with the Chapter 11 Cases; and g. assist the Examiner in undertaking any additional tasks or duties that the Court might direct or that the Examiner might determine are necessary and appropriate in connection with the discharge of his duties. The firm will be paid at these rates: Partners $1,150 to $1,800 per hour Of Counsel $900 to $1,375 per hour Associates $650 to $1,050 per hour Senior Analysts & Litigation Managers $425 per hour Paralegals $300 to $400 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Glenn disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Andrew K. Glenn, Esq. Glenn Agre Bergman & Fuentes LLP 1185 Avenue of the Americas, 22nd Floor New York, NY 10036 Tel: (212) 970-1600 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. SPIRIT AVIATION: Examiner Hires M3 Advisory as Financial Advisor ---------------------------------------------------------------- Marc J. Heimowitz, the Examiner of Spirit Aviation Holdings, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of New York to employ M3 Advisory Partners, LP as financial advisor. The firm will provide these services: a. assist the Examiner in the discharge of his responsibilities under the Examiner Order, other orders of the Court, and applicable law; b. evaluate and analyze any financial and valuation issues raised in connection with the Investigation; c. assist the Examiner with interviews, examinations, and the review of documents and other materials in connection with the Investigation; d. assist the Examiner with the preparation of reports and other documents necessary in the discharge of the Examiner's duties; and e. assist the Examiner in undertaking any additional tasks or duties that the Court may direct or that the Examiner may determine are necessary and appropriate in connection with the discharge of her duties. The firm will be paid at these rates: Managing Partner $1,500 per hour Senior Managing Director $1,390 per hour Managing Director $1,220 to $1,290 per hour Senior Director $1,120 per hour Director $995 to $1,060 per hour Vice President $840 per hour Senior Associate $725 per hour Associate $615 per hour Analyst $500 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Rowan disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Ryan Rowan M3 Advisory Partners, LP 1700 Broadway, 19th Floor New York, NY 10019 Tel: (212) 202-2288 Email: rrowan@m3-partners.com 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. SPIRITRUST LUTHERAN: Taps Cunningham Chernicoff as Legal Counsel ---------------------------------------------------------------- SpiriTrust Lutheran and its affiliates seek approval from the Middle District of Pennsylvania to hire Cunningham, Chernicoff & Warshawsky, P.C. as counsel. The firm will render these services: a. give the Debtors legal advice regarding its powers and duties as Debtors-in-Possession in the continued operation of its business and management of its property; b. prepare and file on behalf of the Debtors, as Debtors-in-Possession, the original Petition and Schedules, and all necessary applications, complaints, answers, orders, reports and other legal papers; and c. perform all other legal services for the Debtors, as Debtors-in-Possession, which may be necessary. The firm's standard hourly billing rates are: Robert E. Chernicoff $450 Partners $350 to $450 Associate Attorneys $150 to $300 Paralegals $100 to $175 The firm received a pre-petition retainer of $66,381. Mr. Chernicoff disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert E. Chernicoff, Esq. CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C. 2320 North Second Street P. O. Box 60457 Harrisburg, PA 17106-0457 Tel: (717) 238-6570 About SpiriTrust Lutheran SpiriTrust Lutheran provides senior living, home care, and hospice services through a network of affiliated nonprofit entities operating across multiple counties in Pennsylvania. SpiriTrust Lutheran and its affiliates filed their voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Lead Case no. 25-03341) on November 21, 2025. Robert E. Chernicoff, Esq. at Cunningham, Chernicoff & Warshawsky, PC represents the Debtor as counsel. SPX FLOW: S&P Places 'B' ICR on Watch Pos. on Acquisition by ITT ---------------------------------------------------------------- S&P Global Ratings placed all its ratings on SPX Flow Inc., including the 'B' issuer credit rating, on CreditWatch with positive implications. The CreditWatch placement reflects the at least one-in-two likelihood S&P will raise its rating on SPX Flow by one or more notches following the close of its acquisition by higher-rated ITT Inc. On Dec. 5, 2025, SPX Flow Inc. announced that it had entered into a definitive agreement to be acquired by ITT Inc., a manufacturer of highly engineered industrial process and motion control technologies, for a purchase price of $4.775 billion. S&P said, "We anticipate resolving the CreditWatch placement following the close of the transaction, which we expect will occur by the end of the first quarter of 2026, subject to the receipt of regulatory approvals. "We expect SPX Flow will be fully integrated into ITT's existing operations following the transaction. ITT has announced it will acquire the company using a mix of debt and equity. We expect that all of SPX Flow's outstanding debt, which currently comprises an undrawn $200 million revolving credit facility, a $1.298 billion first-lien term loan, and $500 million of senior unsecured notes, will be repaid in full at or soon after the close of the acquisition. "The CreditWatch placement reflects the at least one-in-two likelihood we will raise our rating on SPX Flow by one or more notches following the close of its acquisition by ITT." ST. CHRISTOPHER'S: Plans to Liquidate Remaining Assets ------------------------------------------------------ Yun Park of Law360 reports that the bankrupt owner of two Philadelphia hospitals has submitted a Chapter 11 disclosure statement in Delaware bankruptcy court outlining its plan to liquidate remaining assets. The filing follows the sale of St. Christopher's Hospital for Children and the former Hahnemann University Hospital buildings. According to the disclosure statement, the company intends to distribute proceeds from the sales to creditors in accordance with the bankruptcy code. The plan reflects a move to wind down operations while ensuring that creditors receive payments from the remaining assets. About St. Christopher's, Inc. St. Christopher's, Inc. is a residential treatment center providing services to children with special needs. It empowers children and youth with special needs with the social emotional coping skills and strengths they need -- and the healthcare, mental health and social support services they require -- to enter adulthood confident and equipped to meet life's challenges and opportunities. St. Christopher's and The McQuade Foundation filed petitions under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 24-22373) on April 29, 2024. Heidi Sorvino, Esq., at White and Williams, LLP serves as Subchapter V trustee. At the time of the filing, St. Christopher's reported $10 million to $50 million in assets and $1 million to $10 million in liabilities while McQuade reported $1 million to $10 million in both assets and liabilities. Judge Sean H. Lane presides over the cases. Janice B. Grubin, Esq., at Barclay Damon, LLP represents the Debtors as legal counsel. STAGGEMEYER STAVE: Gets Final OK to Use Cash Collateral ------------------------------------------------------- Staggemeyer Stave Company Inc. received final approval from the U.S. Bankruptcy Court for the District of Minnesota to use cash collateral and obtain debtor-in-possession (DIP) financing to get through bankruptcy. The court authorized the Debtor to use up to $457,442 of cash (including cash collateral) during the period from the week beginning November 17 through the week beginning December 22, consistent with the amended budget. This cash collateral may be subject to the liens of pre-bankruptcy lenders, Decorah Bank & Trust Company and the U.S. Small Business Administration. The court also authorized the Debtor to borrow up to $33,500 in DIP financing to maintain a minimum account balance of $25,000, and an additional $55,000 for purposes of building an addition to the Debtor's facility, but only if the bank and the proposed buyer reach a mutually agreeable resolution for how the new addition will be allocated in the sale price. As adequate protection, the pre-bankruptcy lenders will be granted replacement liens on post-petition assets equal in priority and scope to their pre-bankruptcy liens. Meanwhile, Staggemeyer Wood Products LLC, the DIP lender, will be granted first-priority, automatically perfected liens on all current and future assets of the Debtor, senior to all pre-bankruptcy liens and subject only to the fee carveout. In addition, the DIP lender will receive a superpriority administrative expense claim for all DIP financing extended, subordinate only to the DIP liens and the carveout. Chapter 5 causes of action are expressly excluded from the replacement liens, DIP liens, and superpriority claims. The Debtor must continue providing financial reporting and inspection rights to the pre-bankruptcy lenders. The final order is available at https://is.gd/ios6nx from PacerMonitor.com. Staggemeyer Wood Products, as DIP lender, can be reached through: Dennis Gavin, President Staggemeyer Wood Products LLC 420 West Lincoln Street Caledonia, MN 55921 dennisg@caledoniahaulers.com Decorah, as pre-petition lender, is represented by: John D. Lamey, III, Esq. Lamey Law Firm, P.A. 980 Inwood Avenue North Oakdale, MN 55128 Phone; (651) 209-3550 Fax: (651) 789-2179 About Staggemeyer Stave Company Inc. Staggemeyer Stave Company Inc., based in Caledonia, Minnesota, manufactures premium white oak barrel staves and headings for whiskey distilleries and wineries, sourcing high-quality oak from the surrounding region. The Company has supplied cooperages for brands including Seagram and Jack Daniel's and exports staves to wineries worldwide. Staggemeyer Stave Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-33297) on October 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge William J. Fisher handles the case. The Debtor is represented by Steven R. Kinsella, Esq., at Fredrickson & Byron, P.A. STEPHAN CO: Section 341(a) Meeting of Creditors on December 29 -------------------------------------------------------------- The Stephan Co. filed for Chapter 11 protection in the Middle District of Florida on November 26, 2025. According to court filing, the Debtor reports between $50 million and $100 million in debt owed to 200 and 999 creditors. A meeting of creditors under Section 341(a) to be held on December 29, 2025 at 01:30 PM. U.S. Trustee (Van Baalen) will hold the meeting telephonically. Call in Number: 888-330-1716. Passcode: 7886851#. About The Stephan Co. The Stephan Co., based in St. Petersburg, Florida, distributes barber, beauty, and personal care products through a network of companies including Morris Flamingo, Williamsport Bowman Barber Supply, MD Barber, 614 Barber Supply, Appleton Barber Supply, and Norva Barber Supply. Founded in 1897 in Worcester, Massachusetts, it was the first professional men's hair care company in the United States and pioneered distribution through the barber shop channel. The Company markets brands such as Campbell's, Latherking, Stephan, Barbermate, Stix Fix, and SuperCut, serving the professional beauty and barber products industry. The Stephan Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fl. Case No. 25-08937) on November 26, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. The Debtor's Florida Co-Counsel is Patricia A. Redmond, Esq. STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A. The Debtor's General Bankruptcy Counsel is VERRILL DANA LLP. Debtor's Financial Advisor is GETZLER HENRICH. STUDIO 6 DELK: Seeks Chapter 7 Bankruptcy Georgia ------------------------------------------------- On December 2, 2025, Studio 6 Delk Road LLC filed for Chapter 7 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $0 and $100,000 in debt owed to 1-49 creditors. About Studio 6 Delk Road LLC Studio 6 Delk Road LLC is a hospitality company that owns and operates hotel properties, specializing in extended-stay accommodations. Studio 6 Delk Road LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21739) on December 2, 2025. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $0-$100,000. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtor is represented by Benjamin R. Keck, Esq. of Keck Legal, LLC. SVANGVITAYA LLC: Seeks Chapter 11 Bankruptcy in California ---------------------------------------------------------- On December 3, 2025, Svangvitaya L.L.C. filed for Chapter 11 bankruptcy protection in the Southern District of California. Court records indicate the Debtor owes between $0 and $1,000,000 to 1-49 creditors. About Svangvitaya L.L.C. Svangvitaya L.L.C., dba Sala Thai, is a limited liability company. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-05083) on December 3, 2025. The petition lists estimated assets of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. The case is overseen by Honorable Bankruptcy Judge J. Barrett Marum. The Debtor is represented by Michael Jay Berger, Esq. of Law Offices of Michael Jay Berger. T DEEZ CAR: Chris Quinn Named Subchapter V Trustee -------------------------------------------------- The U.S. Trustee for Region 7 appointed Chris Quinn as Subchapter V trustee for T Deez Car Audio, LLC. Mr. Quinn 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. Quinn declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Chris Quinn 26414 Cottage Cypress Lane Cypress, TX 77433 Phone: 713-498-8500 Email: chris.quinn2021@outlook.com About T Deez Car Audio LLC T Deez Car Audio, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-36745) on November 7, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Jeffrey P. Norman presides over the case. Kevin S. Wiley, Esq., at the Law Office of Kevin S. Wiley represents the Debtor as bankruptcy counsel. T.E. ADAMS: Seeks Chapter 7 Bankruptcy in California ---------------------------------------------------- On December 1, 2025, T.E. Adams Petroleum Corporation filed for Chapter 7 protection in the Central District of California. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to approximately 1–49 creditors. T.E. Adams Petroleum Corporation engages in the distribution and supply of petroleum products, supporting commercial and industrial operations that depend on steady fuel availability. About T.E. Adams Petroleum Corporation T.E. Adams Petroleum Corporation sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20766) on December 1, 2025. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities within the same range. Honorable Bankruptcy Judge Neil W. Bason handles the case. The Debtor is represented by Riley C. Walter, Esq. of Wanger Jones Helsley PC. TACTICAL TRAINING: Seeks to Hire Andre L. Kydala Esq. as Counsel ---------------------------------------------------------------- Tactical Training Center LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Andre L. Kydala, Esq., a practicing lawyer in New Jersey, to handle its chapter 11 case. The firm will be paid at the rate of $450 per hour. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Andre L. Kydala, Esq. PO Box 5537 54 Old Highway 22 Clinton, NJ 08809 About Tactical Training Center LLC Tactical Training Center LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.N.J. Case No. 3:25-bk-21219) on Oct. 22, 2025. The Debtor hires Andre L. Kydala, Esq. as counsel. TELUS CORP: S&P Rates New Fixed-To-Fixed Rate Sub Notes 'BB' ------------------------------------------------------------ S&P Global Ratings assigned it 'BB' issue-level rating to Telus Corp.'s (BBB-/Stable/A-3) proposed US$-denominated fixed-to-fixed rate junior subordinated notes (Series A and Series B) due 2056. The company intends to use the net proceeds from this issuance to fund tender offers for existing notes and other general corporate purposes. S&P said, "We rate the securities two notches below our 'BBB-' long-term issuer credit rating on Telus to reflect their subordination and management's ability to defer the interest payments on the notes. We classify these notes as hybrid securities with intermediate (50%) equity content. This reflects the notes' permanence, subordination, and deferability features. In line with our criteria, we will reclassify the notes as having minimal equity content after 2036 because the remaining period until maturity will be less than 20 years. "Based on management's target issuance size, we expect the hybrids to be within the limit of 15% of total capitalization. If the company exceeds the issuance size, we wouldn't treat the excess portion as having intermediate equity content until Telus' hybrid capital falls below the 15% limit. "The long-term nature of the subordinated notes--along with the company's limited ability and lack of incentives to redeem them--meets our standards for permanence. Telus has emphasized its willingness to maintain the instruments as part of its permanent capital structure. If the company redeems either of the instruments before the effective maturity date, it must replace them with an equivalent instrument or one with stronger equity content issued up to or on the date the original hybrid is redeemed. The instruments are subordinated to all of Telus' existing and future senior debt obligations, thereby satisfying the condition for subordination. In addition, the interest payments on the notes are deferrable by up to five years, which fulfills the deferability element. That said, the coupon-floor feature provides Telus with less protection against certain interest rate and refinancing scenarios than equivalent hybrids without a floor. "We expect the company would replace this instrument with an equivalent or stronger form of equity before potentially redeeming it to maintain a similar layer of capital to absorb losses or conserve cash. Redeeming the notes without replacing them with an equivalent or stronger form of equity would likely preclude equity credit later, all else being equal." TEZCAT LLC: Case Summary & Nine Unsecured Creditors --------------------------------------------------- Debtor: Tezcat, LLC d/b/a Tepeyolot Cerveceria c/o Luis Melgarejo 2130 Kings Ave Jacksonville, FL 32207 Business Description: Tezcat, LLC, doing business as Tepeyolot Cerveceria, operates a brewpub and restaurant in Jacksonville, Florida, offering freshly prepared Mexican cuisine alongside craft lagers brewed on-site, as well as margaritas, sangria, wine, and other mixed drinks. The Company provides dine-in service, catering, special events, and online ordering, and its operations are centered at 2130 Kings Avenue. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Middle District of Florida Case No.: 25-04520 Debtor's Counsel: Bryan K. Mickler, Esq. LAW OFFICES OF MICKLER & MICKLER, LLP 5452 Arlington Expy. Jacksonville FL 32211 Email: bkmickler@planlaw.com Total Assets: $63,946 Total Liabilities: $1,128,462 The petition was signed by Luis Melgarejo II as manager. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HXSIU6A/Tezcat_LLC_dba_Tepeyolot_Cerveceria__flmbke-25-04520__0001.0.pdf?mcid=tGE4TAMA TITAN GROUP: Seeks Continued Cash Collateral Access ---------------------------------------------------- Titan Group Logistics, Inc. asks the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, for authority to continue its longstanding factoring relationship with Gulf Coast Bank & Trust Company and to use cash collateral. After filing for Chapter 11 on October 30, Titan Group Logistics continued operating as debtor-in-possession and remained obligated under an existing factoring agreement through which Gulf Coast Bank & Trust (doing business as Phoenix Capital Group) has for years purchased certain accounts receivable from the Debtor and advanced funds based on their face value. Phoenix holds ownership of previously purchased receivables as well as a first-priority security interest in pre-petition non-factored receivables, related proceeds, and reserve account balances. At the petition date, the Debtor owed Phoenix approximately $150,000 to $200,000 under repurchase and indemnity obligations, though no additional pre-petition non-factored receivables remained outstanding. Because the Debtor relies on factoring proceeds to fund payroll, operating expenses, and insurance, it now seeks authority to continue factoring both pre-petition non-factored receivables and post-petition receivables in the ordinary course, excluding receivables previously purchased by Phoenix. Phoenix consents to this continued arrangement but requires court approval for post-petition use of cash collateral and continuation of the factoring process under the same terms as before bankruptcy. The Debtor asserts that no other secured creditor holds a superior or equal claim to the receivables at issue and that continued access to factoring proceeds is essential to maintain operations and preserve asset value for creditors. As adequate protection, the Debtor proposes granting Phoenix post-petition ownership interests and automatically perfected first-priority replacement liens on all cash collateral and proceeds, as well as reaffirming Phoenix's preexisting rights in previously purchased receivables. The Debtor notes that no prior request for this relief has been made and that proper notice has been provided to the U.S. Trustee, Phoenix and its counsel, all lienholders, and parties on the creditor matrix. A hearing on the matter is set for December 17. A copy of the motion is available at https://urlcurt.com/u?l=FYxw9O from PacerMonitor.com. About Titan Group Logistics, Inc. Titan Group Logistics, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-12027) on October 30, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Victoria S Kaufman oversees the case. The Debtor is represented by Tamar Terzian, Esq. at Terzian Law Group, Apc. TRADEWORKSNW INC: Seeks Chapter 7 Bankruptcy in Washington ---------------------------------------------------------- On December 3, 2025, TradeWorkSNW Inc. filed for Chapter 7 protection in the Western District of Washington. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About TradeWorkSNW Inc. TradeWorkSNW Inc. is a full-service labor solutions and project support company serving construction, industrial, and commercial clients. The company provides skilled labor, staffing services, and project consulting to optimize workforce deployment and ensure project success. TradeWorkSNW Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-13416) on December 3, 2025. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities in the same range. Honorable Bankruptcy Judge Christopher M. Alston handles the case. The Debtor is represented by Thomas D. Neeleman, Esq. of Neeleman Law Group PC. TRANSATLANTIC BRIDGE: Case Summary & 16 Unsecured Creditors ----------------------------------------------------------- Debtor: TransAtlantic Bridge Corp. c/o Hanna Moore 1028 14th Street North Jacksonville Beach, FL 32250 Business Description: TransAtlantic Bridge Corp. holds an eight- unit multifamily building at 521 E Jackson Avenue in Mount Dora, Florida, a property that is currently valued at about $402,529. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court Middle District of Florida Case No.: 25-04515 Debtor's Counsel: Bryan K. Mickler, Esq. LAW OFFICES OF MICKLER & MICKLER, LLP 5452 Arlington Expy. Jacksonville FL 32211 E-mail: bkmickler@planlaw.com Total Assets: $423,518 Total Liabilities: $2,755,371 The petition was signed by Hanna Moore as CEO. A full-text copy of the petition, which includes a list of the Debtor's 16 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UTR4U6Q/TransAtlantic_Bridge_Corp__flmbke-25-04515__0001.0.pdf?mcid=tGE4TAMA TRAVEL LODGE: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------- On December 02, 2025, Travel Lodge Old National LLC filed for Chapter 7 protection in the Northern District of Georgia. According to court filings, the Debtor reports between $0–$100,000 in debt owed to 1–49 creditors. About Travel Lodge Old National LLC Travel Lodge Old National LLC operates as a hotel property management entity in Georgia, offering budget-friendly lodging and essential hospitality services. Travel Lodge Old National LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-21740) on December 02, 2025. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $0–$100,000. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtor is represented by Benjamin R. Keck, Esq. of Keck Legal, LLC. TREEHOUSE DEVELOPMENT: Sec. 341(a) Meeting of Creditors on Jan. 7 ----------------------------------------------------------------- The Treehouse Development Group LLC filed for Chapter 11 protection in the Middle District of Florida on December 1, 2025. According to court filing, the Debtor reports $1,673,701 in debt owed to 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on January 7, 2026 at 02:00 PM. U.S. Trustee (Peair) will hold the meeting telephonically. Call in Number:888-330-1716. Passcode: 7645123#. About The Treehouse Development Group LLC The Treehouse Development Group LLC, a single-asset real estate entity, owns a historic church at 921 10th Avenue N in Saint Petersburg, Florida, with a comparable sale value of $1.9 million. The Treehouse Development Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No.25-09027) on December 1, 2025. In its petition, the Debtor reports total assets of $1,900,224 and total liabilities of $1,673,701. Honorable Bankruptcy Judge Catherine Peek Mcewen handles the case. The Debtor is represented by Samantha L. Dammer, Esq. of Bleakley Bavol Denman & Grace. TRENTON BRIDGE: Case Summary & 15 Unsecured Creditors ----------------------------------------------------- Debtor: Trenton Bridge Lobster Pound, Inc. 1237 Bar Harbor Road Trenton ME 04605 Business Description: Trenton Bridge Lobster Pound, Inc. operates a seasonal seafood eatery and online retail business based in Trenton, Maine, offering Maine lobsters, clams, mussels, oysters, scallops, crabmeat, and lobster meat sourced from local harvesters. The Company provides fresh seafood year-round through FedEx overnight shipping and serves customers on- site from Fathers Day to Columbus Day with traditional Maine seafood dishes. It also produces and packages lobster and crabmeat at its own facility to ensure freshness, and its offerings include both prepared meals and gift-ready seafood packages. Chapter 11 Petition Date: December 4, 2025 Court: United States Bankruptcy Court District of Maine Case No.: 25-10246 Judge: Hon. Peter G Cary Debtor's Counsel: Sam Anderson, Esq. BERNSTEIN SHUR SAWYER & NELSON, P.A. 100 Middle Street P.O. Box 9729 Portland ME 04101 Tel: 207-774-1200 E-mail: sanderson@bernsteinshur.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Josette G. Pettegrow as authorized party. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SKVQXOY/Trenton_Bridge_Lobster_Pound_Inc__mebke-25-10246__0001.0.pdf?mcid=tGE4TAMA TRUE MADE: Seeks to Hire Berndt CPA as Accountant ------------------------------------------------- True Made Foods, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ Berndt CPA as accountant. The firm's services include: -- assisting the Debtor and Debtor's counsel with various accounting tasks that arise in the ordinary course of the Debtor's business during the course of this case, including recording customer payments on account in QuickBooks, along with contract discounts; -- reconciling accounts payable invoices with purchase orders; recording payroll and related expenses from Gusto; recording all bank and credit transactions; -- recording all other necessary entries, including Tradespend, broker fees, and commissions; reconciling all balance sheet accounts, including bank and credit card accounts, unearned revenue, prepaid expenses, accrued liabilities, and other accounts as applicable; -- preparing monthly financial statements, including in Excel; -- preparing depreciation schedules; and reconciling Quickbooks for tax preparation (together, the "Flat Fee Tasks"); and otherwise providing supplemental accounting services as needed in the Debtor's business, such as preparing tax returns, assisting with compliance issues, and consulting; and -- assisting with respect to accounting-related issues that arise in this case, including with respect to monthly operating reports and disposable-income projections under the contemplated plan of reorganization. The firm will be paid a flat fee of $1,850 per month. For any supplemental tasks, the firm will bill at its usual and customary hourly rates, currently between $250 per hour and $500 per hour, and for the reimbursement of all out-of-pocket expenses incurred. Ms. Greer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Alicia Greer, CPA Berndt CPA 34 Schroeder Ct., Suite 200 Madison, WI 53711 Tel: (608) 274-7473 About True Made Foods, Inc. True Made Foods, Inc., a company based in Alexandria, Virginia, produces reduced-sugar and sugar-free condiments including ketchup, barbecue sauces, mustard, and hot sauces, using fruits and vegetables as natural sweeteners instead of refined sugar. It collaborates with culinary professionals, such as Pitmaster Ed Mitchell, to develop its barbecue sauces. True Made Foods sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 25-12269) on October 30, 2025, listing between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Abraham Kamarck, chief executive officer of True Made Foods, signed the petition. Steven B. Ramsdell, Esq., at Tyler, Bartl & Ramsdell, PLC represents the Debtor as counsel. TZADIK SIOUX: Amends Plan to Include Gatoralex Claim Against TMG ---------------------------------------------------------------- Tzadik Sioux Falls Portfolio I, LLC and affiliates submitted a First Amended Disclosure Statement for First Amended Plan of Reorganization dated December 3, 2025. The Debtors commenced the Chapter 11 Case with an intention to satisfy secured claims through the sales of property leaving significantly deleveraged reorganized Debtors and their going concern operations intact (the "Reorganization"). As part of the Reorganization, the Plan provides for the continuation of the Debtors' sale efforts through and including December 31, 2025. If such sale efforts are not successful, Debtors will transfer certain properties to their secured lenders in full and final satisfaction of all secured claims. Specifically, the Debtors are attempting to effectuate their Reorganization by liquidating some of the Properties by private sales, which is referred to herein after as "Plan A." Under Plan A, the Debtors have subdivided their marketing efforts for three property portfolios of properties with different marketing and sales target milestones. The three portfolios of properties are referred to herein as the "Rosewood Portfolio", "605 Portfolio", and "Remax Portfolio." If the Debtors are unsuccessful in selling Properties of sufficient value to satisfy secured claims in full through the expedited sale processes, then the Debtors will transfer specific properties identified herein to their secured creditors in satisfaction of all secured claims on or before January 31, 2026 ("Plan B") unless there is a pending sale of real property that has a reasonable chance of closing, in the Debtors' sole discretion, requiring additional time for closing (the "Sale Caveat"). As part of the restructuring contemplated in this Plan, the Debtors have already received independent third-party appraisals for each of the Properties. Those appraisals collectively show that the appraised sales value for the twenty-eight Properties owned by the Debtors comprising each Mortgage Lender's collateral exceeds Fannie Mae and Merchants' senior secured claims by approximately $62,052,000. As broken down by individual Mortgage Lender: * Fannie Mae: The Debtor's appraised value of approximately $112,170,000 for the Properties comprising Fannie Mae's collateral exceeds its senior secured claim against TSF Portfolio I and TSF I by approximately $34,672,384 and Fannie Mae's 2025 appraised values reflect approximately $17,302,384 in equity. Debtor understands that Fannie Mae contends that its appraised values are more than fair market value. The Debtors and Fannie Mae dispute the value of the properties subject to Fannie Mae's liens. Debtor understands that Fannie Mae contends that recent financial performance negatively impacts the property values. Debtors dispute this contention. * Merchants: The Debtor's appraised value of approximately $117,355,000 for the Properties comprising Merchants' collateral exceeds its senior secured claim against TSF Portfolio III, Taylor's Place, Garden Villas, Hidden Hills, and Rapid City by approximately $35,693,380. Merchants 2023 appraised values reflect approximately $12,388,38 in equity and Merchants 2025 appraised values reflect negative $17,111,620 in equity. Debtor understands that Merchants contends that between 2023 and 2025 the value of its collateral fell from approximately $94,050,000 to $65,075,000. The Debtors and Merchants dispute the value of the properties subject to Merchants' liens. Class 1(F) consists of General Unsecured Claims against TSF Portfolio I. Except to the extent that a holder of an Allowed General Unsecured Claim agrees to different treatment, on or before February 27, 2026 in full and final satisfaction of all Allowed Class 1(F) Claims, TSF Portfolio I shall commence payments in the total amount of Allowed Class 1(F) General Unsecured Claims in the amount of $11,287.15 commencing on the Effective Date and paid on a quarterly basis for a period of 5 years. On or before the date that is 5 years after the Effective Date (the "Plan Conclusion Date"), TSF Portfolio shall pay the balance of the Allowed Class 1(F) claim in its entirety through a Refinancing Transaction. Class 1(F) is Impaired. Class 8(A) consists of the claims of Gatoralex against TMG. All Allowed Class 8(A) claims shall be satisfied in full as provided in Classes 1, 2, 3, 4, 5, 6 or 7, and shall not receive a distribution from TMG. Class 8(A) is Unimpaired, and holders of Class 8(A) Claims are conclusively presumed to have accepted the Plan pursuant to Section 1126(f) of the Bankruptcy Code. Therefore, holders of Class 8(A) Claims are not entitled to vote to accept or reject the Plan, and the votes of such holders will not be solicited with respect to such Class 8(A) Claims. The Debtors shall fund distributions and satisfy applicable Allowed Claims and Allowed Interests under the Plan using Cash on hand and the net proceeds of the Restructuring Transactions (which includes the net proceeds from any proceeds of a sale transaction, and, if applicable, the proceeds of an Asset Sale Transaction), transfers of property in satisfaction of secured claims and anticipated refinancing proceeds. A full-text copy of the First Amended Disclosure Statement dated December 3, 2025 is available at https://urlcurt.com/u?l=6Yx1ng from PacerMonitor.com at no charge. Counsel for the Debtors: Morgan Edelboim, Esq. Brett D. Lieberman, Esq. Edelboim Lieberman Revah PLLC 20200 W. Dixie Highway, Suite 905 Aventura, FL 33180 Tel: (305) 768-9909 Fax: (305) 928-1114 Email: morgan@elrolaw.com About Tzadik Sioux Falls Portfolio I LLC Tzadik Sioux Falls Portfolio I, LLC possesses several multi-family properties in Sioux Falls, SD. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-13865) on April 9, 2025. In the petition signed by Adam Hendry, authorized representative, the Debtor disclosed $65 million in assets and $46.775 million in liabilities. Judge Peter D. Russin oversees the case. Morgan Edelboim, Esq., at Edelboim Lieberman, PLLC, is the Debtor's legal counsel. Fannie Mae, as secured lender, is represented by: Alexis A. Leventhal, Esq. Keith Aurzada, Esq. Jay Krystinik, Esq. Devan Dal Col, Esq. Reed Smith, LLP 1001 Brickell Bay Drive, Suite 900 Miami, FL 33131 Phone: 786-747-0247 aleventhal@reedsmith.com kaurzada@reedsmith.com jkrystinik@reedsmith.com ddalcol@reedsmith.com Merchants Bank of Indiana, as secured lender, is represented by: Scott N. Brown, Esq. Bast Amron, LLP One Southeast Third Avenue, Suite 2410 Miami, FL 33131 Telephone: 305.379.7904 sbrown@bastamron.com URBAN ONE: 92.2% of Notes Tendered in Early Exchange Offer Results ------------------------------------------------------------------ Urban One, Inc. announced on Dec. 1, 2025, the early results of the previously announced offers: (a) to exchange any and all of the Company's outstanding 7.375% Senior Secured Notes due 2028 held by Eligible Holders for newly issued 7.625% Second Lien Senior Secured Notes due 2031, to be issued by the Company, and cash, (b) to purchase up to $185.0 million in aggregate principal amount of the Existing Notes for up to $111.0 million in cash and (c) the right to subscribe to purchase up to $60.6 million in aggregate principal amount of newly issued 10.500% First Lien Senior Secured Notes due 2030. As of 5:00 P.M., New York City time, on December 1, 2025, the Company received from Eligible Holders valid and unwithdrawn tenders and related Consents, as reported by D.F. King & Co., Inc., representing approximately $450.0 million in aggregate principal amount of Existing Notes, or approximately 92.2% of the aggregate principal amount of Existing Notes outstanding. Eligible Holders electing to participate in: (a) only the Exchange Offer are referred to herein as "Exchange Offer Only Participants," (b) the Exchange Offer and the Tender Offer are referred to herein as "Exchange Offer and Tender Offer Participants," (c) the Exchange Offer, the Tender Offer and the Subscription Offer are referred to herein as "Exchange Offer, Tender Offer and Subscription Offer Participants," and (d) the Exchange Offer and the Subscription Offer are referred to herein as "Exchange Offer and Subscription Offer Participants." The Exchange Offer and Tender Offer Participants and the Exchange Offer, Tender Offer and Subscription Offer Participants are collectively referred to herein as the "Tender Offer Participants." As of the Early Tender Date, $480,000 in aggregate principal amount of Existing Notes were tendered by Exchange Offer Only Participants and Exchange Offer and Subscription Offer Participants to receive the Exchange Consideration and approximately $449.5 million in aggregate principal amount of Existing Notes were tendered by Exchange Offer and Tender Offer Participants and Exchange Offer, Tender Offer and Subscription Offer Participants to receive the Tender Consideration. Because Existing Notes in a principal amount greater than $185.0 million were tendered into the Tender Offer, the Tender Offer is oversubscribed, and Existing Notes accepted in the Tender Offer will be subject to proration. Prior to the Early Tender Date, Eligible Holders (other than the Supporting Noteholders) subscribed to purchase approximately $4.7 million in aggregate principal amount of New First Lien Notes. Following the Early Tender Date, Eligible Holders may no longer elect to participate in the Subscription Offer. To be eligible to participate in the Subscription Offer, Eligible Holders were required to tender all of their Existing Notes in the Exchange Offer only or in the Exchange Offer and Tender Offer at or prior to the Early Tender Date and must deliver in cash an amount equal to the purchase price therefor by 11:59 P.M, New York City time, on December 3, 2025. As previously announced, pursuant to a Transaction Support Agreement, dated as of November 14, 2025, by and among the Company and certain holders of Existing Notes, the Supporting Noteholders have agreed to backstop the full Subscription Offer and are expected to purchase the remaining approximately $55.9 million in aggregate principal amount of New First Lien Notes. In addition, as of the Early Tender Date, the Company received the requisite number of consents in the concurrent consent solicitation from Eligible Holders of the Existing Notes to adopt certain proposed amendments to the indenture governing the Existing Notes to eliminate substantially all of the restrictive covenants and certain of the default provisions, modify covenants regarding mergers and consolidations and modify or eliminate certain other provisions, including removing the requirement that the Company make an offer to repurchase the Existing Notes if the Company experiences certain change of control transactions, releasing the guarantees provided by the guarantors of the Existing Notes, and eliminating any requirement to provide guarantees in the future with respect to the Existing Notes, releasing the liens on all of the collateral securing the Existing Notes and eliminating any requirement to provide collateral in the future with respect to the Existing Notes. Promptly after the Early Tender Date, the Company intends to enter into a supplemental indenture with the trustee for the Existing Notes and the guarantors party thereto to reflect the Proposed Amendments, but the Proposed Amendments will become operative only upon, and subject to, the consummation of the Exchange Offer and Tender Offer. As of 5:00 P.M., New York City time, on December 1, 2025, the right to withdraw tenders of Existing Notes and related Consents expired. Accordingly, Existing Notes tendered for exchange at or before such time may not be validly withdrawn and Consents may no longer be revoked, unless required by applicable law, or the Company determines in the future in its sole discretion to permit withdrawal and revocation rights. The Offers and the Consent Solicitation will expire at 5:00 P.M., New York City time, on December 15, 2025, unless extended or earlier terminated. Each participating Eligible Holder must tender all of the Existing Notes it holds for purchase in the Tender Offer and/or exchange in the Exchange Offer through The Depository Trust Company's Automated Tender Offer Program. Partial tenders of Existing Notes will not be accepted. Following the Early Tender Date, within ATOP, each participating Eligible Holder must tender all of the Existing Notes it holds into the appropriate contra-CUSIP corresponding with its decision to participate as: (1) an Exchange Offer Only Participant or (2) an Exchange Offer and Tender Offer Participant. Eligible Holders will only be entitled to participate in the Tender Offer if they elect to exchange all of their Existing Notes in the Exchange Offer other than those Existing Notes, if any, accepted for purchase in the Tender Offer. * Aggregate principal amount outstanding: $487,836,000 * Title of series of existing notes: 7.375% Senior Secured Notes due 2028 * CUSIP / ISIN: * 144A: 91705J AC9 / US91705JAC99 * Reg S: U9155T AB3 / USU9155TAB36 * Exchange Offer Only Participant: * Tender consideration: -- * Exchange consideration: $1,000 principal amount of Exchange Notes and $3.75 in cash * Exchange Offer and Tender Offer Participant: * Tender consideration: $600 in cash (for Existing Notes accepted up to the Tender Cap) * Exchange consideration: $1,000 principal amount of Exchange Notes and $3.75 in cash The consummation of the Offers and the Consent Solicitation is subject to, and conditioned upon, the satisfaction or, if permitted, waiver by the Company of certain conditions, including the Supporting Noteholders' performance of their obligations under the Transaction Support Agreement, the Company's substantially concurrent refinancing of its existing asset-based lending facility (or, in lieu thereof, the receipt of consent from the required lenders thereunder to the consummation of the Offers) and the General Conditions (as defined in the Offering Memorandum). Subject to applicable law, the Company may amend, extend, terminate or withdraw any of the Offers and/or Consent Solicitation without amending, extending, terminating or withdrawing any of the others, at any time and for any reason, including if any of the conditions set forth under "Conditions to the Offers and Consent Solicitation" in the Offering Memorandum with respect to the Offers are not satisfied as determined by the Company in its sole discretion. The New Notes and the offering thereof have not been registered with the Securities and Exchange Commission under the Securities Act of 1933, as amended, or any state or foreign securities laws. The Offers and Consent Solicitation will only be made, and the New Notes are only being offered and issued, to holders of Existing Notes that are: (a) reasonably believed to be qualified institutional buyers in reliance on Rule 144A promulgated under the Securities Act or (b) non-U.S. persons, in transactions outside the United States, in reliance on Regulation S under the Securities Act. Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Offers. Copies of all the documents relating to the Offers and Consent Solicitation may be obtained from the Exchange and Information Agent (as defined below), subject to confirmation of eligibility through online procedures established by the Exchange and Information Agent, available at: www.dfking.com/UONE. There will be no letter of transmittal for the Offers. Eligible Holders of the Existing Notes are urged to carefully read all of the information in, or incorporated by reference into the Offering Memorandum, including the information presented under "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" before making any decision with respect to the Offers or the Consent Solicitation. None of the Company, its subsidiaries, the Exchange and Information Agent, the Dealer Manager (as defined in the Offering Memorandum), the applicable trustees under the indentures governing the Existing Notes and the New Notes, the applicable collateral agents under the indentures governing the Existing Notes and the New Notes or any of their respective affiliates, makes any recommendation as to whether holders of Existing Notes should participate in the Offers or Consent Solicitation. Each Eligible Holder must make its own decision as to whether to participate in the Offers and whether to tender its Existing Notes and to deliver Consents. Moelis & Company LLC has been appointed as the dealer manager and solicitation agent and D.F. King & Co., Inc. has been appointed as the exchange and information agent, respectively, for the Offers and Consent Solicitation. Questions concerning the Offers and the Consent Solicitation may be directed to the Dealer Manager and Solicitation Agent, in accordance with the contact details shown on the back cover of the Offering Memorandum. About Urban One Urban One, Inc., formerly known as Radio One, Inc., headquartered in Silver Spring, Md., is an urban-oriented multimedia company that operates or owns interests in radio broadcasting stations (32% of revenue as of LTM Q4 2022) generated by 66 stations in 13 markets, cable television networks (43% of revenue), an 80% ownership in Reach Media (9% of revenue), and ownership of Interactive One, its digital platform, as well as other internet-based properties (16% of revenue), largely targeting an African-American and urban audience. The Chairperson, Catherine L. Hughes, and President, Alfred C. Liggins III (Chairperson's son), maintain voting control and hold a significant ownership position. The Company reported consolidated revenue of $485 million as of LTM Q4 2022. As of September 30, 2025, the Company had $723.48 million in total assets, $642.06 million in total liabilities, and $78.83 million in total deficit. * * * In May 2025, S&P Global Ratings lowered its Company credit rating on Urban One Inc. to 'SD' (selective default) from 'CCC+'. S&P also lowered the issue-level rating on the company's senior secured notes to 'D'. US MAGNESIUM: Hires Stretto as Administrative Advisor ----------------------------------------------------- US Magnesium LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Stretto, Inc. to serve as its administrative advisor. Stretto will provide these services: (a) assist with, among other things, solicitation, balloting, and tabulation of votes; prepare any related reports, as required in support of confirmation of a Chapter 11 plan; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist with the preparation of the Debtor's schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) manage and coordinate any distributions pursuant to a chapter 11 plan if designated as distribution agent under such plan; and (e) provide such other solicitation, balloting, and other administrative services as may be requested from time to time by the Debtor, the Court or the Office of the Clerk of the Court. Prior to the Petition Date, the Debtor provided Stretto an advance of $50,000. The firm's preferred hourly rate structures are: Analyst Waived Consultant (Associate/Senior Associate) $70-$200 Director/Managing Director $210-$250 Solicitation Director $275 Executive Management Waived Stretto is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Sheryl Betance Senior Managing Director STRETTO, INC. 410 Exchange, Ste. 100 Irvine, CA 92602 About US Magnesium LLC US Magnesium LLC is a magnesium producer based in Salt Lake City, Utah. US Magnesium LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11696) on September 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Judge Brendan Linehan Shannon oversees the case. The Debtor tapped Michael Busenkell, Esq., at Gellert Seitz Busenkell & Brown, LLC as counsel; Carl Marks Advisory Group LLC as restructuring advisor; and SSG Advisors, LLC as investment banker. Stretto, Inc. is the Debtor's claims and noticing agent. VP DIRECT: Seeks to Hire David Freydin PC as Bankruptcy Counsel --------------------------------------------------------------- VP Direct, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire the Law Offices of David Freydin PC as its bankruptcy counsel. The firm will provide these services: (a) negotiating with creditors; (b) preparing a plan and financial statements; and (c) examining and resolving claims filed against the estate. The Debtor proposes to retain the Law Offices of David Freydin PC on an hourly basis at these rates: David Freydin $450 Jan Michael Hulstedt $425 Derek V. Lofland $425 The firm received a $10,000 pre-petition retainer. As disclosed in the court filings, Law Offices of David Freydin PC believes he does not hold or represent any interest adverse to the Estate and is a "disinterested person" within the meaning of Section 327(a) of the Bankruptcy Code. The firm can be reached at: David Freydin, Esq. Law Offices of David Freydin, LTD. 8707 Skokie Blvd, Suite 312 Skokie, IL 60077 Telephone: (847) 972-6157 Facsimile: (866) 897-7577 E-mail: david.freydin@freydinlaw.com About VP Direct Inc. VP Direct, Inc. operates as a transportation and logistics company based in Schaumburg, Illinois, managing a fleet of heavy-duty trucks and trailers for freight hauling and related services. VP Direct filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-17208) on November 6, 2025, with $313,750 in assets and $1,066,418 in liabilities. PanchoFutekov, president of VP Direct, signed the petition. Judge David D. Cleary presides over the case. David Freydin, Esq., at the Law Offices of David Freydin represents the Debtor as bankruptcy counsel. VSM PROPERTIES: Seeks to Hire Wallace Real Estate as Realtor ------------------------------------------------------------ VSM Properties LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to employ Wallace Real Estate as realtor. April Blankenship of Wallace Real Estate will sell the Debtor's real property located at 290 Rafter Rd, Tellico Plains, TN 37385, and that the court fix the compensation rate at five percent of the sales price. Ms. Blankenship assured the court that Wallace Real Estate is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: April Blankenship Wallace Real Estate 10815 Kingston Pike Knoxville, TN 37934 Tel: (865) 324-3977 Email: aprilb@wallacetn.com About VSM Properties LLC VSM Properties LLC owns and operates short-term rental and residential real estate in Tellico Plains, Tennessee and the surrounding area, focusing on cabin and hospitality properties. VSM Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 25-12708) on October 9, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Nicholas W. Whittenburg handles the case. The Debtor is represented by W. Thomas Bible, Jr., Esq. of TOM BIBLE LAW. VSM PROPERTIES: Seeks to Hire Wallace Real Estate as Realtor ------------------------------------------------------------ VSM Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to employ Wallace Real Estate as realtor. The firm will market and sell the Debtor's real property known as 290 Rafter Rd, Tellico Plains, TN 37385. The firm will be paid 5 percent of the sales price. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: April Blankenship Wallace Real Estate 140 Major Reynolds Place Knoxville, TN 37919 Tel: (865) 324-3977 About VSM Properties, LLC VSM Properties, LLC owns and operates short-term rental and residential real estate in Tellico Plains, Tennessee, and the surrounding area, focusing on cabin and hospitality properties. VSM Properties sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 25-12708) on October 9, 2025, listing up to $50,000 in assets and between $10 million and $50 million in liabilities. On October 30, 2025, the case was transferred from the Southern Division to the Northern Division and was assigned a new case number (Case No. 25âˆ’32042). Judge Suzanne H. Bauknight oversees the case. The Debtor is represented by W. Thomas Bible, Jr., Esq., at Tom Bible Law. WATCHTOWER FIREARMS: Creditors to Get Proceeds From Liquidation --------------------------------------------------------------- Watchtower Firearms LLC filed with the U.S. Bankruptcy Court for the Northern District of Texas a Disclosure Statement for Original Plan of Liquidation dated December 2, 2025. The Debtor was formed in May 2023 for the purpose of acquiring F-1 Firearms, which was engaged in the manufacture and sale of firearms in Spring, Texas. The company was founded by a Service-Disabled Veteran. As of the Petition Date, Debtor had 63 employees, 30% of which are also veterans. Historically, F-1 Firearms primary product was semi automatic rifles. Under the new ownership, handguns and bolt action hunting rifles were successfully introduced. This chapter 11 filing arose primarily from ongoing litigation initiated by the landlord and constant threats of eviction that affected the Debtor's relationship with its bank and has been a substantial distraction for management impacting the performance of Debtor. If Debtor was to be locked out of the manufacturing facility, it is believed the cost and setback to the operations of Debtor would prove to be unrecoverable. On June 11, 2025, the Debtor filed a Motion to Sell Substantially All of Its Assets Free and Clear of Liens, Claims and Encumbrance Pursuant to Section 363(f) of the Bankruptcy Code. On June 26, 2025, the Court issued an order approving bidding procedures, scheduling an auction and setting a sale hearing. On August 15, 2025, Debtor filed a Notice of Designation of Successful Bidder (CK Strategic Partners, LLC). On August 27, 2025, the Court entered an order approving the Asset Purchase Agreement between Debtor and CK Strategic Partners, LLC, pursuant to which the Debtor sold all of its assets to CK Strategic Partners, LLC. On September 3, 2025, Debtor filed a Notice of Closing of Sale to CK Strategic Partners, LLC. The Debtor believes the Plan maximizes value for all stakeholders. The Plan contemplates a liquidation and wind down of the Debtor's estate to provide distributions to creditors in accordance with the absolute priority rule and certain settlements provided for in the Plan, in the most efficient and expeditious manner possible. Class 2 consists of General Unsecured Claims. Except to the extent that a holder of an Allowed General Unsecured Claim agrees to less favorable treatment of such Claim, in full and final satisfaction, settlement, release, and discharge of such Allowed General Unsecured Claim, on or prior to the Effective Date, each such holder shall receive its Pro Rata right to recovery from the Liquidation Trust, in the priority set forth in the Liquidation Trust Agreement. This Class will receive a distribution of 100% of their allowed claims. This Class is impaired. Effective Date, all Interests in the Debtor shall be canceled, released and extinguished, and will be of no further force or effect, but in full and final satisfaction, settlement, release, and discharge of such Interests, on or prior to the Effective Date, each such holder (except for Class 3 Claimants) shall be entitled to no recovery under the Plan. On the Liquidation Trust Establishment Date, a liquidating trustee will be appointed (the "Liquidation Trustee") to carry out the liquidation and disposition of the Liquidation Trust Assets. The terms of the Liquidation Trustee's engagement shall be acceptable to the Debtor, and the Creditors' Committee. The terms of the Liquidation Trust will establish the terms and conditions of the Liquidation Trust, the rights of, and limitations on, the Liquidation Trust Interests, and pursuant to which the Liquidation Trustee shall manage and administer the Liquidation Trust Assets, and will be in form and substance mutually agreeable to the Debtor. Pursuant to the terms of the Plan, the Liquidation Trust will have the following beneficiaries (a) the holders of Allowed General Unsecured Claims, and (b) the Interestholders with Liquidated Allowed Unsecured Claims (the "Trust Beneficiaries"). Distributions from the Liquidation Trust shall be subject to the following priorities: * first, 100% to pay the Trust Expenses until the Trust Expenses have been repaid in full; * thereafter, 100% to the Trust Beneficiaries pro rata based on the aggregate Trust Interests then held by all Trust Beneficiaries. A full-text copy of the Disclosure Statement dated December 2, 2025 is available at https://urlcurt.com/u?l=WM0ouv from PacerMonitor.com at no charge. Watchtower Firearms LLC is represented by: H. Joseph Acosta, Esq. Jeff Carruth, Esq. Aimee E. Marcotte, Esq. CONDON TOBIN 8080 Park Lane, Suite 700 Dallas, TX 75231 Tel: (214) 265-3852 Fax: (214) 265-6311 Email: jacosta@condontobin.com About Watchtower Firearms LLC Watchtower Firearms LLC is a veteran-owned company offering a diverse range of firearms, including custom rifles, special edition rifles, and handguns. The Company serves military, law enforcement, hunting, and personal use markets. In addition to firearms, it provides suppressors, components, and specialized gear tailored to meet the needs of its customers. Watchtower Firearms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-40684) on Feb. 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Judge Mark X. Mullin oversees the case. Joseph Acosta, Esq., at CONDON TOBIN, is the Debtor's counsel. WINDTREE THERAPEUTICS: Issues $857K Convertible Notes for CommLoan ------------------------------------------------------------------ Windtree Therapeutics, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on November 25, 2025, the Company issued to an institutional investor an aggregate principal amount of $857,142.86 in senior convertible promissory notes due 2026. The 2026 Notes was issued in connection with a letter of intent by the Company to acquire all the issued and outstanding securities of CommLoan Inc. The Company intends to use the proceeds of the 2026 Notes by funding $450,000 as an advance to CommLoan and retaining $150,000 for general corporate purposes. The 2026 Notes mature on November 26, 2026, and will bear interest at 10% per annum on a 360-day basis, due and payable on the Maturity Date. Accrued and unpaid interest is payable in arrears and due on the 5th calendar day of each month beginning on November 25, 2025. The 2026 Notes must be prepaid by the Company in an amount equal to 25% of the gross proceeds received by the Company from that certain Common Stock Purchase Agreement dated June 26, 2024 by and between an institutional investor and the Company, with a mandatory prepayment premium of 115%. If the Company completes a qualified equity financing with total gross proceeds to the Company of $1 million or more (excluding the conversion of the notes or other convertible securities issued for capital raising purposes) before the Maturity Date, the 2026 Notes must be repaid in full in an amount equal to the then-outstanding principal amount, any accrued but unpaid interest and a pre-payment premium equal to 115% of the 2026 Notes value on November 25, 2025. Such repayment will be due within one business day of the closing of such qualified equity financing. The Company shall give written notice to the Holder as soon as practicable, but in no event less than ten days before the anticipated closing date of such qualified equity financing, during which period the Holder shall have the opportunity to convert the 2026 Notes pursuant its terms. The 2026 Notes provide for a beneficial ownership limitation of 4.99% of the number of shares of the Company's common stock, par value $0.001 per share, immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of the 2026 Notes held by the Holder (increasable to 9.99% upon 61 days' notice by the Holder to the Company). The 2026 Notes are convertible at the Holder's option into shares of Common Stock at a conversion price equal to 90% of the lowest sale price for the 20 consecutive trading days preceding conversion, subject to adjustment. The Holder is entitled to an amount equal to $1,500 for each conversion of the 2026 Notes for the related review and applicable deposit of the related shares. The 2026 Notes include customary Events of Default, including non-payment, covenant breaches, bankruptcy, and change of control, and provides for acceleration at 120% of the unpaid principal balance, together with any accrued and unpaid interest, if any. Pursuant to the terms of the 2026 Notes, the Company must file a resale registration statement on Form S-1 within 45 calendar days following November 25, 2025 for the resale of all registrable securities under the Commitment Note. If, while the 2026 Notes remain outstanding, the Company issues Common Stock or Common Stock Equivalents at an effective price per share lower than the then-current conversion price, the conversion price shall be reduced to equal the lower price, subject to certain exemptions as described in the 2026 Notes. The Company must notify the Holder no later than the trading day following any Dilutive Issuance. If, while the 2026 Notes remain outstanding, the Company, directly or indirectly, enters into a Fundamental Transaction (as defined in the 2026 Notes), upon any subsequent conversion of the 2026 Notes, the Holder has the right to receive, for each conversion share that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental Transaction, the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration receivable as a result of the Fundamental Transaction by a holder of the number of shares of Common Stock for which the 2026 Notes were convertible immediately prior to such Fundamental Transaction. For purposes of any such conversion, the determination of the conversion price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company will apportion the conversion price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If the Company completes any public offering or private placement of its equity, equity-linked or debt securities while the 2026 Notes remain outstanding, the Holder may, in its sole discretion, elect to apply all, or any portion, of outstanding principal and accrued interest as purchase consideration for such future transaction. The conversion price for such rollover rights will equal 80% of the cash purchase price paid per share, unit or other security denomination for the Company securities issued in the future transaction to the other investors in such transaction. A full-text copy of the 2026 Notes is available at https://tinyurl.com/4j4ry8hd About Windtree Therapeutics Headquartered in Warrington, Pennsylvania, Windtree Therapeutics, Inc. -- windtreetx.com -- is a biotechnology company focused on advancing early and late-stage innovative therapies for critical conditions and diseases. The Company's portfolio of product candidates includes: (a) istaroxime, a Phase 2 candidate that inhibits the sodium-potassium ATPase and also activates sarco endoplasmic reticulum Ca2+ -ATPase 2a, or SERCA2a, for acute heart failure and associated cardiogenic shock; preclinical SERCA2a activators for heart failure; rostafuroxin for the treatment of hypertension in patients with a specific genetic profile; and a preclinical atypical protein kinase C iota, or aPKCi, inhibitor (topical and oral formulations), being developed for potential application in rare and broad oncology indications. The Company also has a licensing business model with partnership out-licenses currently in place. Philadelphia, Pennsylvania-based EisnerAmper LLP, the company's auditor since 2022, 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 suffered recurring losses from operations and expects to incur losses for the foreseeable future, that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $16 million in total assets, $27.6 million in total liabilities, and $11.6 million in total stockholders' deficit. WOLFSPEED INC: Gets $698.6MM Refund from IRS as It Exits Ch. 11 --------------------------------------------------------------- Alan Wooten of North Carolina reports that Wolfspeed, a North Carolina–based silicon carbide power solutions company once positioned to receive three-quarters of a $1 billion federal award, has emerged from Chapter 11 bankruptcy with a significant boost: $698.6 million in cash tax refunds from the IRS. The funding comes through the Advanced Manufacturing Investment Credit under Section 48D, with the company receiving $186.5 million in fiscal 2025 related to prior federal tax filings. The company said it remains focused on expanding its power device revenues across high-growth sectors such as AI data centers, aerospace and defense, and industrial and energy markets, while continuing support for the electric vehicle sector. CFO Gregor Van Issum said the cash infusion strengthens Wolfspeed's liquidity at a pivotal moment and enhances its ability to support long-term growth, manage its capital structure, and continue advancing silicon carbide innovation. Wolfspeed previously entered a memorandum of understanding in October 2024 for $750 million intended to support construction of a new silicon carbide wafer manufacturing plant in Siler City. That commitment, negotiated under the Biden administration and revisited under the Trump administration, was seen as key to securing domestic semiconductor supply for the energy transition and AI-driven growth. Leadership transitions followed in late 2024 and early 2025, including the removal of CEO Gregg Lowe and the appointments of Robert Feurle as CEO and David Emerson as COO, the report states. The company has historically received significant public-sector support, totaling 38 state and local awards worth $1.4 billion and another $119 million in federal grants and credits since 2004. Nevertheless, Wolfspeed has faced operational challenges, including layoffs at its $5 billion Chatham County facility -- cutting roughly one-third of its staff -- as well as a 20% workforce reduction at its Durham headquarters last November 2025, according to report. About Wolfspeed Inc. Wolfspeed, Inc. (NYSE:WOLF) is an innovator of wide bandgap semiconductors, focused on silicon carbide materials and devices for power applications. Its product families include silicon carbide materials and power devices targeted for various applications such as electric vehicles, fast charging and renewable energy and storage. On June 30, 2025, Wolfspeed, Inc. and Wolfspeed Texas, LLC each filed petitions seeking relief under chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90163), with Judge Christopher M. Lopez presiding. The Debtors sought Chapter 11 protection after reaching a deal with lenders on a debt-for-equity plan that would reduce debt by $4.6 billion. Latham & Watkins LLP and Hunton Andrews Kurth LLP are serving as legal counsel to Wolfspeed, Perella Weinberg Partners is serving as financial advisor and FTI Consulting is serving as restructuring advisor. Epiq is the claims agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the senior secured noteholders and Moelis & Company is serving as the senior secured noteholders' financial advisor. Kirkland & Ellis LLP is serving as legal counsel to Renesas Electronics Corporation, PJT Partners is serving as its financial advisor, and BofA Securities is serving as its structuring advisor. Ropes & Gray LLP is serving as legal counsel to the convertible debtholders and Ducera Partners is serving as financial advisor to the convertible debtholders. ZION & ZION: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Zion & Zion, LLC d/b/a Bonovaquo 74 E. Rio Salado Parkway, Suite 200 Tempe, AZ 85281 Business Description: Zion & Zion, LLC is a Phoenix-based full- service marketing and advertising agency offering integrated services across brand strategy, creative, digital marketing, public relations, social media, media planning, data science, customer data platforms, UX and development, and marketing automation. The Company serves clients across multiple verticals, including retail e-commerce, healthcare, B2B, home improvement, real estate development, high tech & engineering, and hospitality, with notable brands such as Goodwill, American Eagle Outfitters, BD, IBM, Phoenix Suns, NASCAR, and Casino Del Sol. Zion & Zion combines analytics, technology, and creative expertise to provide in-house, end-to-end marketing solutions aimed at aligning campaigns with business goals and metrics. Chapter 11 Petition Date: December 5, 2025 Court: United States Bankruptcy Court District of Arizona Case No.: 25-11762 Judge: Hon. Brenda K Martin Debtor's Counsel: Thomas H. Allen, Esq. ALLEN, JONES & GILES, PLC 1850 N. Central Avenue, Suite 1025 Phoenix, AZ 85004 Tel: 602-256-6000 Fax: 602-252-4712 E-mail: tallen@bkfirmaz.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $100,000 to $500,000 The petition was signed by DuGue Whitney Zion as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/N3SZ3HA/ZION__ZION_LLC__azbke-25-11762__0001.0.pdf?mcid=tGE4TAMA [] November Commercial Ch.11 Filings Up 20% YoY ----------------------------------------------- There were 825 commercial Chapter 11 filings in November 2025, an increase of 20% from the 687 filings registered in November 2024, according to data provided by Epiq AACER, the leading provider of US bankruptcy filing data. The rise in overall commercial Chapter 11 filings was primarily driven by related filings from larger corporate parent companies. Small business filings, captured as subchapter V elections within Chapter 11, amount to 223 in November 2025, representing an increase of twenty-three percent from the 182 filings in November 2024. Overall commercial filings increased eight percent to 2687 in November 2025, up from the 2491 commercial filings registered in November 2024. "November commercial Chapter 11 filings rose twenty percent year-over-year, with Subchapter V elections up twenty-three percent, signaling ongoing financial stress and a return toward pre-COVID levels as CARES Act benefits fade," said Michael Hunter, Vice President of Epiq AACER. "Overall bankruptcy filings increased eight percent, while credit card charge-offs remain at historically high levels, though signs of stabilization are emerging." "FHA partial claim recidivism is also expected to exert additional pressure on individual filings through 2026. These trends suggest bankruptcy volumes will continue rising next year as households and businesses contend with growing balances, tighter credit conditions amid higher interest rates, and pockets of mortgage distress." Total bankruptcy filings were 43,661 in November 2025, an eight percent increase from the November 2024 total of 40,305. Individual bankruptcy filings also increased eight percent to 40,973 in November 2025 from 37,814 filings in November 2024. There were 25,329 individual Chapter 7 filings in November 2025, an eleven percent increase over the 22,871 filings recorded in November 2024. There were 15,558 individual Chapter 13 filings in November 2025, a five percent increase over the 14,865 filings in November the previous year. "Rising costs, tighter credit conditions, and ongoing geopolitical volatility continue to exert pressure on households and businesses already facing financial strain," said Amy Quackenboss, Executive Director of ABI. "For debt-burdened families and companies, bankruptcy remains a critical pathway to restore stability and rebuild toward a stronger financial future." Most categories of bankruptcy filings typically drop from October to November due to fewer business days and the Thanksgiving holiday in November. Total and consumer bankruptcies both decreased eighteen percent when compared to their respective October filing totals of 53,027 and 50,183. Individual Chapter 7 and Chapter 13 filings also decreased eighteen percent each from October's filings. Overall, commercial filings decreased six percent from the 2844 filings registered in October, and subchapter V elections within Chapter 11 decreased eleven percent from the 250 filed in October 2025. The large number of related filings pushed commercial Chapter 11s to a thirty percent increase over October's 634 filings. Epiq AACER is a division of Epiq and is the leading provider of data, technology, and services for companies operating in the bankruptcy industry. The Bankruptcy Analytics subscription service provides on-demand access to the industry's most dynamic bankruptcy data, updated daily. Learn more at https://bankruptcy.epiqglobal.com. About Epiq Epiq, a technology and services leader, takes on large-scale and complex tasks for corporations, law firms, and the courts by integrating people, process, technology, and data intelligence. Clients rely on Epiq to streamline legal, compliance, settlement, and business administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 17 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq and its 6,100 people worldwide create meaningful change at www.epiqglobal.com. About ABI ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events. [] SEDA Expands Bankruptcy Practice With David Sabath ----------------------------------------------------- SEDA Experts LLC, a leading expert witness firm providing world-class financial expert witness services, announced on December 4, 2025, that David Sabath joined the firm as Managing Director. "We are excited to continue the build-out of our bankruptcy and restructuring practice with the addition of David," said Peter Selman, Managing Partner of SEDA Experts. David Sabath is an expert in bankruptcy and restructuring with over 30 years of experience in distressed investing. His background includes leading and building asset management businesses, analyzing and trading across asset classes, and managing portfolios through major market dislocations. Mr. Sabath co-founded Latigo Partners, a hedge fund focused on distressed and event-driven credit strategies, which he launched in 2005. Over 15 years, he built and managed a $1 billion AUM platform with 20 employees, investing successfully through major market dislocations, including the global financial crisis and the 2015 commodity downturn. Latigo Partners was sold to Pretium Partners in 2020. Following the acquisition, Mr. Sabath served as Senior Managing Director at Pretium and sat on both the Executive Committee and the Credit Investment Committee. He co-headed the Corporate Opportunistic Investing and Distressed platform and invested across the credit spectrum, including investment grade, high yield, leveraged loans, and distressed securities, deploying capital dynamically through a range of market environments, including during the COVID-19 disruption. Earlier in his career, Mr. Sabath held senior roles at major financial institutions. At JPMorgan, he served as Managing Director in the Proprietary Positioning Business, leading the North America credit investing team and managing a portfolio spanning long/short credit, relative-value and, distressed strategies. At Goldman Sachs, he was Head of Distressed Loan Research, managing the research team, deploying capital, advising clients on distressed opportunities, and speaking at industry events such as the Milken Conference. He began his investing career at Highbridge Capital as its first distressed analyst and previously served as Portfolio Manager at Chase Manhattan Bank, leading loan restructurings and investing in distressed securities. He started his career at KPMG as a Senior Tax Accountant (CPA). He holds an MBA from Northwestern University and a B.S. in Accountancy from the University of Missouri. About SEDA Experts LLC SEDA is a leading expert witness firm specializing in financial services. We support international law firms by offering the highest level of expertise across the financial industry and providing access to the most influential financial services industry leaders. We provide superior independent advice, data analytics, valuation, and elite expert reports and testimony services to law firms, regulators, and leading financial institutions. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. 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