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

              Friday, January 2, 2026, Vol. 30, No. 2

                            Headlines

138 GREENE: Files Amended Plan; Confirmation Hearing Feb. 24, 2026
1522 C STREET: Unsecureds to be Paid in Full over 36 Months
16 WARREN STREET: Case Summary & Two Unsecured Creditors
3000 E. IMPERIAL: Claims to be Paid from Sale & Litigation Proceeds
3784 LLC: Seeks to Hire Parks Commercial Group as Broker

4912 WISCONSIN: Section 341(a) Meeting of Creditors on January 15
700 17TH STREET: Unsecured Creditors to Split $300K in Plan
A.B. INTERNATIONAL: Retains Kamini Fox PLLC as Counsel
A.M. SCOTT DISTILLERY: Seeks Chapter 11 Bankruptcy
ACCLAIM INVESTMENT: Section 341(a) Meeting of Creditors on Jan. 21

AIX VENTURES: Voluntary Chapter 11 Case Summary
ALL AMERICAN: Seeks Chapter 7 Bankruptcy in California
ALPHA 4 LLC: Voluntary Chapter 11 Case Summary
ALPHAOMEGA CONSTRUCTION: Seeks Chapter 7 Bankruptcy in California
AMPLE INC: Final DIP Financing Hearing Set for Jan. 8

AMPLE INC: U.S. Trustee Appoints Creditors' Committee
APOLLO CONSTRUCTION: Gets Extension to Access Cash Collateral
APPLE AUTO: Seeks Chapter 7 Bankruptcy in California
ARD FINANCE: Arini Disputes Ardagh Bond Use in CDS Auction
ASTRO PRECISION: Seeks Chapter 11 Bankruptcy in New Jersey

BLACK BUFFALO: Seeks Chapter 11 Bankruptcy in Delaware
BMX TRANSPORT: Seeks Chapter 7 Bankruptcy in Indiana
BODYWORX PHYSICAL: U.S. Trustee Unable to Appoint Committee
BOTTOMLINE INK: Case Summary & 20 Largest Unsecured Creditors
BOY SCOUTS: Opponents Ask Supreme Court to Review Bankruptcy Plan

BROADBAND INFRASTRUCTURE: Gets Extension to Access Cash Collateral
CARPENTER FAMILY: Seeks to Sell Farming Equipment at Auction
CBIT TECHNOLOGIES: Seeks Chapter 7 Bankruptcy in New Jersey
CLAYTON ISTHMUS: Seeks Cash Collateral Access
CLEARSIDE BIOMEDICAL: Appointment of Equity Committee Sought

CONDOR ACQUISITION: Case Summary & 30 Largest Unsecured Creditors
CONSCIOUS CONTENT: Unsecured Creditors to Split $250K in Plan
CRESTMONT PROPERTIES: Seeks Chapter 11 Bankruptcy in New Jersey
DAIRY BUILDING: Seeks to Use Cash Collateral
DAYTONA THUNDER: Section 341(a) Meeting of Creditors on January 12

DOCKSIDE ASSOCIATION: Case Summary & Three Unsecured Creditors
DUOMO GSP: Court OKs Mall Inventory Sale
EASTFORD LLC: Voluntary Chapter 11 Case Summary
ELECTRIC FORKLIFT: Seeks Chapter 11 Bankruptcy in New Jersey
ENVELOPE 1 INC: Gets Extension to Access Cash Collateral

ENVIVA INC: 2 Former Execs Unable to Dismiss Securities Fraud Suit
ERIC R. HARTMAN: Unsecureds to Split $51,600 over 60 Months
EVERGREEN LODGING: Court OKs Hotel Sale to Veer Hospitality
FELT & FAT: Court Extends Cash Collateral Access to Jan. 31
FIRST BRANDS: Creditor Panel Taps Nardello to Analyze Money Flows

GBI SERVICES: Hires Cassel Salpeter & Co. as Investment Banker
GBI SERVICES: Hires Weil Gotshal & Manges LLP as Legal Counsel
GBI SERVICES: Retains Richards Layton & Finger as Co-Counsel
HILMORE LLC: Amends Shellpoint Secured Claim Pay
HPC VINEBURN: Claims to be Paid from Rental Income & Contribution

HUDSON 1701/1706: Manhattan Landlord Wants Bankruptcy Case Tossed
HUXHOLD BODYWORKS: Seeks Chapter 11 Bankruptcy in Indiana
INTERCHANGE LOGISTICS: Seeks Subchapter V Bankruptcy in New Jersey
INTERTRADERONE LLC: U.S. Trustee Unable to Appoint Committee
IRONMEN REALTY: Section 341(a) Meeting of Creditors on January 28

JULIAN CHARTER SCHOOL: S&P Affirms 'B+' LT Rating on Revenue Bonds
KAHN PROPERTY: Hires Hidalgo Williams Blueprint as Advisor
KCAP VILLA: Gets Interim OK to Use Cash Collateral
KID FRIENDLY: Unsecureds Will Get $21,600 over 36 Months
LANDERS DEVELOPMENT: To Sell Benton Property for $1.23MM

LINQTO TEXAS: Judge Extends Customer's Plan Cease-and-Desist Order
LITTLE BEAR: Saloon Owners Settle Suit, Avoids Receivership
LUGANO DIAMONDS: Committee Hires Force Ten Partners as Advisor
LUGANO DIAMONDS: Committee Hires Pachulski Stang Ziehl as Counsel
LUMIERE ESTATES: Seeks Chapter 11 Bankruptcy in California

LUMINAR TECHNOLOGIES: U.S. Trustee Appoints Creditors' Committee
MARELLI AUTOMOTIVE: Retains Ankura Consulting Group as CRO
MARINE WHOLESALE: Gets Extension to Access Cash Collateral
MAY JACKSON: June 16 Governmental Claims Bar Date
MILAN SAI: Court OKs Stanton Property Sale to 11 11 IDM for $2MM

MJS MATERIALS: Gets Interim OK to Use Cash Collateral Until Jan. 27
MONTANA HOLDING: Section 341(a) Meeting of Creditors on January 28
MOTOS AMERICA: Case Summary & 20 Largest Unsecured Creditors
MOUNT ACADIA: Section 341(a) Meeting of Creditors on January 28
NOVI STUDIO: Case Summary & 13 Unsecured Creditors

OFFSHORE SAILING: Yacht Molds Sale to Reardon & Tartan Yachts OK'd
OWL VENICE: Seeks Cash Collateral Access
PALMAS ATHLETIC: Court OKs Continued Cash Collateral Access
PARTY CITY: Court Lets Investor Fraud Claims Continue
PH BEAUTY: S&P Withdraws 'B-' Issuer Credit Rating

PINE GATE: Selects Nofar's $285MM Cash Offer for Chapter 11 Sale
POSIGEN PBC: Court Orders Co. & Creditors to Negotiate
PRAIRIE EYE: Case Summary & 20 Largest Unsecured Creditors
RANA REAL: Court Extends Cash Collateral Access to March 12
REMEMBER ME: Court Extends Cash Collateral Access to Jan. 29

RK PARISI: Seeks to Use Up to $30,654 of Cash Collateral
S&G LABS: Gets Final OK to Use Cash Collateral
SEAVIEW APARTMENTS: Seeks Chapter 11 Bankruptcy in New Jersey
SHOWER DOOR: Seeks Chapter 11 Bankruptcy in New Jersey
SOUTHERN EXPRESS: Court Extends Cash Collateral Access to Jan. 21

SPEARMAN AEROSPACE: Gets Extension to Access Cash Collateral
STARSHIP LOGISTICS: Unsecureds Will Get 4% of Claims in Plan
SUPREME PLUMBING: Section 341(a) Meeting of Creditors on January 14
SWAHILI VILLAGE: Seeks Cash Collateral Access
TAX TIME: Claims to be Paid from Continued Operations

TECHNICAL ARTS: Gets Extension to Access Cash Collateral
TJ MAXX: To Close Ellsworth Mall Location Permanently on January 3
TWENTY EIGHT: Gets OK to Use Cash Collateral Until Feb. 28
UPTOWN PHARMACY: Voluntary Chapter 11 Case Summary
US MAGNESIUM: Lithium Carbonate Asset Sale to Glencore OK'd

US REALM: Affiliate to Sell Gas Assets to Anschutz Exploration
VAN ORDEN REALTY: Voluntary Chapter 11 Case Summary
VILLAGE HOMES: Fort Worth Property Sale to P. & D. McBride OK'd
VILLAGE HOMES: Sunset Lane Property Sale to Garrett Cesander OK'd
WAHL TO WAHL: Unsecured Creditors to Split $4K in Plan

WILD CARGO: Amends Unsecured Claims Pay Details
YALDA REAL: Lenders Seek to Prohibit Cash Collateral Access
ZEPHYR HOSPITALITY: Seeks Chapter 11 Bankruptcy in California
ZYNEX INC: Final DIP Financing Hearing Set for Jan. 13
[] 10 Leading Illinois Companies That Filed Bankruptcy in 2025

[^] BOOK REVIEW: The Titans of Takeover

                            *********

138 GREENE: Files Amended Plan; Confirmation Hearing Feb. 24, 2026
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138 Greene Retail, LLC, submitted a Second Amended Disclosure
Statement describing Plan of Reorganization dated Dec. 23, 2025.

The Debtor's primary assets are shares in a cooperative housing
corporation known as Greene Street Holding Corp. (the
"Cooperative") and a proprietary lease (collectively, the
"Property") for the ground floor and basement units of the real
property at 132- 140 Greene Street, New York, New York.

SIG CRE 2023 Venture LLC ("Lender"), as successor to Signature
Bank, filed a claim against the Debtor in the amount of
$19,528,204, secured by a security interest in the Property.

During this case, the Debtor made a settlement offer to the Lender
that includes selling the Property in bankruptcy court.

Absent an agreement from the Lender to sell the Debtor's Property
with other non-Debtor properties, the Debtor proposes to sell the
Debtor's Property under the Plan to avoid a quick UCC sale, and
instead engage in marketing to obtain fair market value. The
Debtor's proposed sale procedures subject to Bankruptcy Court
approval are annexed as Exhibit A to the Plan.

The Amended Disclosure Statement does not alter the proposed
treatment for unsecured creditors and the equity holder:

     * Class 6 consists of General Unsecured Claims. Claims total
approximately $141,207. Payment of available Cash up to Allowed
Amount of Class 6 Claims, Administrative Expense Claims
post-Confirmation wind up costs; Allowed Priority Claims; Statutory
Fees, and Class 1, 2, 3, 4 and 5 Claims. If no cash is available
from the Sale Proceeds, each Class 6 Claimant shall be entitled to
its pro-rata share of a $25,000 distribution fund. This Class is
impaired.

     * Class 7 consists of Interests Holders. Payment of available
cash after payment of Allowed Administrative Expense Claims
post-Confirmation wind up costs; Allowed Priority Claims; Statutory
Fees, and Class 1, 2, 3, 4, 5 and 6 Claims. Payments under the Plan
will be paid from the Property sale proceeds. The sale of the
Property shall be implemented pursuant to the Bidding and Auction
Procedures. After the Confirmation Order is entered, but prior to
or on the Effective Date, the Property shall be sold to Purchaser
free and clear of all Liens, Claims, and encumbrances, with any
such Liens, Claims, and encumbrances to attach to the Property Sale
Proceeds, and disbursed in accordance with the provisions of this
Plan.

For mortgage recording tax purposes, the First Mortgagee shall
permit an assignment of its mortgage in connection with the sale of
the Property under the Plan. The Property shall be sold subject to
entry of a Bankruptcy Court order (i) approving the sale; (ii)
providing, inter alia, that the Purchaser is a good faith
purchaser; and (iii) providing that the sale of the Real Property
shall be free and clear of all liens, claims, encumbrances and
interests with any such liens, claims and encumbrances to attach to
the sale proceeds, and to be disbursed under the Plan.

Notwithstanding anything to the Contrary in the Plan, each Secured
Creditor including the First and Mortgagee retains the right to
credit bid under the Plan to the extent of its Secured Claim, but
in addition to its credit bid, to ensure Plan feasibility, any bid
by a Secured Creditor must include a cash component to cover the
costs of sale, Senior Lien Claims, Administrative Claims, Priority
Claims, and a $15,000 reserve fund for the costs of wrapping up the
case.

The Bankruptcy Court has entered an Order fixing February 24, 2026,
at 10:00 a.m. at the United States Bankruptcy Court, One Bowling
Green, New York, NY 10004, as the date, time and place for the
hearing on confirmation of the Plan, and fixing February 11, 2026,
the last date for filing objections to Plan confirmation.

After reviewing this Disclosure Statement indicate the vote to
accept or to reject the Plan on the enclosed ballot, and return the
ballot to counsel for the Debtor to be received by February 4,
2026.

A full-text copy of the Second Amended Disclosure Statement dated
December 23, 2025 is available at https://urlcurt.com/u?l=TgF6yG
from PacerMonitor.com at no charge.

Counsel to the Debtor:

     Mark Frankel, Esq.
     Backenroth Frankel & Krinsky, LLP
     488 Madison Avenue, Floor 23
     New York, NY 10022
     Telephone: (212) 593-1100

                            About 138 Greene Retail

138 Greene Retail, LLC, sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10129) on Jan. 27,
2025, listing up to $50 million in both assets and liabilities.

Judge Philip Bentley handles the case.

Mark Frankel, at Backenroth Frankel & Krinsky, LLP, is the Debtor's
counsel.


1522 C STREET: Unsecureds to be Paid in Full over 36 Months
-----------------------------------------------------------
1522 C Street, LLC, filed with the U.S. Bankruptcy Court for the
District of Columbia an Amended Chapter 11 Plan dated December 22,
2025.

The Debtor was formed in 2019 to own and rent properties in
Washington, DC. It operates at an address of 13927 Bishops Bequest
Road, Upper Marlboro, Maryland 20772.

Anthony Whitehead, the Debtor's managing member, is a 51-year-old
individual Maryland resident. He graduated from Strayer University
in 2018 with a degree in Business Administration and worked as an
Accountant before joining the Debtor. He has been involved with the
Debtor since its inception.

Not long after purchasing the rental properties, it became apparent
that numerous repairs needed to be completed thereon, including
some significant water issues. The out-of-pocket expenses and loss
of rental income caused by the repairs resulted in payments on the
mortgages on the properties falling behind, with foreclosures
threatened. As a result, it became apparent that the Debtor could
not continue without substantial loss, and it accordingly consulted
with Counsel to discuss the possibility of filing for relief under
Chapter 11 of the Bankruptcy Code.

The Plan provides for payment of administrative expenses, priority
claims, and secured creditors in full or in part, either in cash or
in deferred cash payments, and provides for payments to unsecured
creditors in an amount equal to or greater than they would receive
in the event of a Chapter 7 liquidation. Funds for implementation
of the Plan will be derived from the Debtor's income from its
business.

Class C consists of all allowed general unsecured claims against
the Debtor. This class shall be paid in full, without interest, in
36 equal payments. Such payments shall begin on the first day of
the first month following the Effective Date. This class is
impaired.

Funds for implementation of the Plan will be derived from the
Debtor's business earnings.

A full-text copy of the Chapter 11 Plan dated December 22, 2025 is
available at https://urlcurt.com/u?l=unZifU from PacerMonitor.com
at no charge.

Counsel to the Debtor:

    Brett Weiss, Esq.
    THE WEISS LAW GROUP, LLC
    8843 Greenbelt Road, Box 299
    Greenbelt, MD 20770
    Telephone: (301) 924-4400
    Facsimile: (240) 627-4186
    E-mail: brett@BankruptcyLawMaryland.com

                       About 1522 C Street

1522 C Street, LLC, is a real estate lessor that owns multiple
condominium units and a residential property in Washington, DC. Its
holdings include four units at 244 60th Street NW and a property at
1522 C Street NE. The portfolio has an estimated total value of
$1.46 million, based on online real estate appraisal data.

1522 C Street sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.D.C. Case No. 25-00264) on July 9, 2025,
with $1,461,989 in assets and $1,071,543 in liabilities.  Anthony
Whitehead, managing member, signed the petition.

Judge Elizabeth L. Gunn presides over the case.

Brett Weiss, Esq., at The Weiss Law Group, is the Debtor's
bankruptcy counsel.


16 WARREN STREET: Case Summary & Two Unsecured Creditors
--------------------------------------------------------
Debtor: 16 Warren Street PH LLC
        16 Warren Street, PH
        New York, NY 10007

Business Description: 16 Warren Street PH LLC, based in New York,
                      NY, is a single-asset real estate company
                      that owns a residential condominium unit in
                      the Tribeca neighborhood of Manhattan.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 25-12953

Debtor's Counsel: Dawn Kirby, Esq.
                  KIRBY AISNER & CURLEY LLP
                  700 Post Road, Suite 237
                  Scarsdale, NY 10583
                  Tel: (914) 401-9500
                  E-mail: dkirby@kacllp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Marvisi, president of 365 Canal
Corp., sole member of the Debtor.

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/BQVWC7Y/16_Warren_Street_PH_LLC__nysbke-25-12953__0001.0.pdf?mcid=tGE4TAMA


3000 E. IMPERIAL: Claims to be Paid from Sale & Litigation Proceeds
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3000 E. Imperial, LLC and affiliates filed with the U.S. Bankruptcy
Court for the Central District of California a First Amended
Disclosure Statement describing Joint First Amended Plan of
Liquidation dated December 23, 2025.

Debtor 3000 Imperial is the owner of raw land located near Plaza
Mexico at 3000 E. Imperial Hwy., Lynwood, California (the "3000
Property") and vacant lot located at 2949 E. Imperial Hwy.,
Lynwood, California, APN 6170-020-012 ("Lot Property," and
collectively with the 3000 Property, the "Properties").

Plaza Mexico Residences (the "Project") is the first phase of the
approximately $750 million Plaza Mexico master plan which involves
a high-density mixed-use project consisting of approximately 350
residential units and 26,000 square feet of ground floor retail
space. 3000 Imperial is the developer of the Project. The
Properties are subject to a secured lien in the approximate amount
of $6.3 million.

The Plan is a liquidating plan. Claims will be paid under two
waterfall priority schemes, one for the 3000 Imperial's claimants
(under which the PMR Debtors are a Class 5B claimant) and one for
the PMR Debtors' claimants. The Debtors believe that this Plan will
enable the bankruptcy estates ("Estate") to efficiently liquidate
the assets for the benefit of creditors and accomplish the
objectives of Chapter 11. Additionally, the Debtors believe the
Plan presents the most advantageous outcome for all the Debtors'
creditors and, therefore, confirmation of the Plan is in the best
interests of the Estate.

On the Effective Date, the Debtors shall create and enter into a
liquidating trust (the "Liquidating Trust") for the benefit of
creditors. After the Liquidating Trust has been created and has
taken ownership/assignment of all funds, property, claims, rights
and causes of action of the Debtors and its Estate, the Debtors
shall dissolve or otherwise wind down pursuant to applicable law,
and shall not conduct any further business and/or other
activities.

The Plan contemplates a distribution to creditors as follows.
First, as described in detail below, Allowed Claims against 3000
Imperial will be paid from (i) 3000 Imperial's cash on hand
(approximately $1.527 million as of December 31, 2025), (ii) any
3000 Net Litigation Proceeds recovered on account of claims held by
3000 Imperial, including potential avoidance actions, and (iii) net
proceeds, after payment of all costs of sale and pro-rated taxes,
of the sale ("Net Sale Proceeds") of the following real properties
("Properties") owned by 3000 Imperial:

     * 3000 E. Imperial Hwy., Lynwood, California ("3000
Property"); and

     * Vacant lot located at 2949 E. Imperial Hwy., Lynwood,
California, APN 6170- 020-012 ("Lot Property")

(collectively the "Total 3000 Funds" and less the Carve-Out Funds,
the "3000 Available Funds").

The 3000 Available Funds will be distributed in accordance with the
priority scheme set forth herein. Notwithstanding any other
provisions set forth herein, fifty percent of 3000 Net Litigation
Proceeds will be distributed directly to Allowed Class 5 creditors,
pro rata based upon the Allowed Class 5 claim amounts, and fifteen
percent of Net Sale Proceeds will be distributed directly to
Allowed Class 5 creditors to be paid pro rata based upon the total
combined value of creditors' Allowed Class 4 and 5 claims or
interests (collectively, the "Carve-Out Funds").

Second, with the exception of PMR Administrative Claims, Allowed
Claims of the PMR Debtors will be paid from (i) the PMR Debtors'
cash on hand (if any) and (ii) amounts received on account of the
PMR Debtors' claims against the 3000 Imperial Debtor for
outstanding promissory notes to be paid as subordinated Class 5B
claims in the 3000 Imperial Debtor's waterfall (collectively, "PMR
Available Funds").

Class 4 consists of General Unsecured Claims. To the extent there
are remaining PMR Available Funds, Allowed Class 4 Claims will
share pro rata. Litigation Claimants will share pro rata based upon
the amount of their total claim allocated as an Allowed General
Unsecured Claim, less any payments received from 3000 Imperial on
account of their Allowed General Unsecured Claim.

Under no circumstances shall the total Plan distributions from all
Debtors to each Litigation Claimant exceed each claimant's total
Arbitration Claim.

The Plan is a liquidating Plan. Payments due under the Plan from
3000 Imperial will be made from 3000 Imperial's cash on hand of
approximately $1.527 million (as of December 31, 2025); (ii) the
3000 Net Litigation Proceeds (if any), and (iii) the Net Sale
Proceeds from the sale of the Properties. Payments due under the
Plan from the PMR Debtors will be paid from (i) the PMR Debtors'
cash on hand (if any), (ii) amounts received from 3000 Imperial on
account of the PMR Debtors subordinated Class 5B claims, and (iii)
the PMR Net Litigation Proceeds (if any).

A full-text copy of the First Amended Disclosure Statement dated
December 23, 2025 is available at https://urlcurt.com/u?l=8NKNL9
from PacerMonitor.com at no charge.

Counsel to the Debtors:

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

                       About 3000 E. Imperial LLC

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

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

Honorable Bankruptcy Judge Mark D. Houle handles the case.

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


3784 LLC: Seeks to Hire Parks Commercial Group as Broker
--------------------------------------------------------
3784, LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of Florida to hire Denise M. Le Heup of Parks
Commercial Group, LLC d/b/a KW Commercial to serve as real estate
agent and broker.

Ms. Le Heup will provide these services:

(a) analyze and determine the market value;

(b) advertise, market and show the property to potential buyers;
and,

(c) sell and close on the property.

The Debtor proposes to pay a total commission of 5% for the sale of
the Property, to be split equally by the broker and the broker for
the purchaser commission to the broker and by the broker for the
purchaser of the Property.

To the best of the Debtor's knowledge, and upon a review of
internal records, neither Denise M. Le Heup nor Parks Commercial
Group, LLC hold or represent any adverse interest to the bankruptcy
estate, the creditors of the Debtor, any other party in interest,
their respective attorneys and accountants, the U.S. Trustee, or
any person employed in the office of the United States Trustee.

The firm can be reached at:

Denise M. Le Heup
PARKS COMMERCIAL GROUP, LLC d/b/a KW COMMERCIAL
3657 Maguire Boulevard, Suite 100
Orlando, FL 33803

                                About 3784 LLC

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

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

Honorable Judge Scott M. Grossman oversees the case.

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


4912 WISCONSIN: Section 341(a) Meeting of Creditors on January 15
-----------------------------------------------------------------
On December 16, 2025, 4912 Wisconsin LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of
Columbia. According to court filings, the Debtor reports between $1
million and $10 million in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on January
15, 2026 at 02:00 PM US Trustee Remote 341: (888) 330-1716;
Passcode: 5678318.

                   About 4912 Wisconsin LLC

4912 Wisconsin LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 25-00587) on December 16, 2025. In
its petition, the Debtor reports unknown estimated assets and
estimated liabilities in the range of $1 million to $10 million.

The case is handled by Honorable Bankruptcy Judge Elizabeth L.
Gunn.

The Debtor is represented by William Payne, Esq., of Payne & Assoc.


700 17TH STREET: Unsecured Creditors to Split $300K in Plan
-----------------------------------------------------------
700 17th Street, LLC, filed with the U.S. Bankruptcy Court for the
District of Colorado a Disclosure Statement describing Plan of
Reorganization dated December 23, 2025.

The Debtor is a single-asset real estate entity whose sole asset
consists of the real property and improvements thereon located at
700 17th Street, Denver, Colorado 80202 (the "Property"), as well
the rental income it derives from the same.

When the Debtor purchased the Property, to finance purchase of the
same, it entered into a Promissory Note executed on June 6, 2016 by
the Debtor in favor of Benefit Street Partners CRE Finance, LLC
(the "Original Lender"). Wilmington Trust National Association, as
Trustee for the benefit of the registered holders of Wells Fargo
Commercial Mortgage Trust 2016-JP2, Commercial Mortgage Pass
Through Certificates, Series 2016-JP2 (the "Lender") is the current
holder of the Promissory Note.

It is the Debtor's relationship with and obligations to the Lender
that eventually led it to file this Chapter 11 bankruptcy. Pre
petition, Debtor defaulted under the terms of the Promissory Note
with the Lender. As a result, on July 11, 2024, Lender sought
appointment of a receiver in Denver District Court Case No.
2024CV32100 (the "State Court Action").

On July 26, 2024, the Denver District Court appointed Transwestern
Property Company SW GP, L.L.C. as Receiver for the Property—it
has been managing the Property, in conjunction with Toma West, ever
since that date. This ultimately led to the filing of this
bankruptcy.

Following Confirmation of the Plan, the Debtor intends retake
management control of the Property and earning rental income
therefrom, which shall provide the income necessary to fund the
Plan, in addition to the New Value Payment made by 18th St. Atrium
Management, LLC, as funded by Kenneth Grant, an insider of the
Debtor and one of the ultimate owners of the equity in the Debtor.


Specifically, Atrium will contribute "new value" to the Debtor in
the amount of $3,545,756.00, split as follows, one $500,000.00 up
front payment to fund Plan payments due on the Effective Date, and
the remaining shortfall over the term of the Plan in the amount of
$3,045,756.00 (the "New Value Payment"). Mr. Grant has committed to
obtaining a letter of credit reflecting his ability to obtain this
amount to pay towards the Plan.

In particular, the Debtor contemplates that it will establish a
Plan Payment Fund to fund the Plan as to Allowed Unsecured Claims
in Classes 2 and 3, in addition to ongoing payments to Allowed
Secured Claims and the cure payments as to the executory contract
creditors in Classes 4 and 5. With respect to Allowed Secured
Claims, upon the Effective Date of the Plan, Debtor shall begin
monthly payments to the holders of Secured Claims in Class 1.
Debtor, upon the Effective Date, shall also begin the cure payments
to the creditors in Classes 4, 5 and 6.

Class Two consists of the Allowed Unsecured Claim of Lender in the
amount of $18,342,415.34. Class Two shall receive one payment on
the Effective Date from Net Income in the amount of approximately
$300,000.00 from the Plan Payment Fund an amount not to exceed its
Allowed Claim, pro rata with Class Three. Class Two is Impaired
under the Plan.

Class Three consists of the remaining allowed Unsecured Claims
against the Debtor and the Claims that are deemed allowed by a
Final Order. Class Three shall receive one payment on the Effective
Date from Net Income in the amount of approximately $300,000.00
from the Plan Payment Fund an amount not to exceed its Allowed
Claim, pro rata with Class Two. Class Three is Impaired under the
Plan.

Class Four consists of the Allowed Unsecured Claim of Centric
Elevator Corp. in the amount of $13,893.00. Centric has a Service
Agreement with the Debtor, effective October 4, 2024 (the "Centric
Agreement"), that constitute executory contracts within the meaning
of Section 365 of the Bankruptcy Code. Centric shall be paid the
cure amount of $13,893.00 over twelve months under the Centric
Agreement, with the first payment beginning on the Effective Date
of the Plan.

Class Five consists of the Allowed Unsecured Claim of Summit
Laboratories, Inc. in the amount of $908.00. Summit has a Service
Agreement with the Debtor, effective May 1, 2024 (the "Summit
Agreement"), that constitute executory contracts within the meaning
of Section 365 of the Bankruptcy Code. Summit shall be paid the
cure amount of $908.00 over twelve months under the Summit
Agreement, with the first payment beginning on the Effective Date
of the Plan. Class Five is Impaired under the Plan.

Class Six consists of the Allowed Unsecured Claim of Toma West
Management Corp. in the amount of $10,000.00. Toma West has a
Management Agreement with the Debtor (the "Toma West Agreement"),
that constitutes an executory contract within the meaning of
Section 365 of the Bankruptcy Code. Toma West shall be paid the
cure amount of $10,000.00 over twelve months under the Toma West
Agreement, with the first payment beginning on the Effective Date
of the Plan. It has agreed to waive the remaining balance of its
Unsecured Claim in the amount of $370,888.26.

Transwestern, as Receiver, shall cease to manage and operate the
Property, with Debtor retaking operations. The Debtor intends to
continue management of the Property and earning rental income
therefrom, which shall provide the income necessary to fund the
Plan, in addition to the New Value Payment from Atrium, funded by
Mr. Grant.

The Debtor will make monthly payments to holders of claims in
Classes One and Four, Five and Six as stated herein. The Debtor's
Net Income in the amount of approximately $300,000.00 shall be used
to pay holders of Allowed Unsecured Claims from the Plan Payment
Fund to holders of claims in Classes Two and Three as stated
herein, which shall be supplemented by a $500,000.00 up front
payment on the Effective Date of the Plan as part of the New Value
Payment.

A full-text copy of the Disclosure Statement dated December 23,
2025 is available at https://urlcurt.com/u?l=Po6rPM from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Jeffrey A. Weinman, Esq.
     Michael Best & Friedrich LLP
     675 15th Street, Suite 2000
     Denver, CO 80202
     Telephone: (720) 240-9515
     E-mail: jeffrey.weinman@michaelbest.com

                     About 700 17th Street LLC

700 17th Street LLC is a single asset real estate company in
Denver, Colo.

700 17th Street sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case. No. 25-16173) on September
24, 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 Kimberley H. Tyson handles the case.

The Debtor tapped Jeffrey A. Weinman, Esq., at Michael Best &
Friedrich, LLP as legal counsel.

Gregoy Garvin, Acting U.S. Trustee for Region 19, appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case.


A.B. INTERNATIONAL: Retains Kamini Fox PLLC as Counsel
------------------------------------------------------
A.B. International Market Inc., doing business as A B International
Market Inc., seeks approval from the United States Bankruptcy Court
for the Southern District of New York to employ and retain Kamini
Fox, PLLC as attorneys.

The firm will provide these services:

     (a) give the Debtor and Debtor-in-Possession legal advice with
respect to its rights, powers, and duties under Chapter 11 of the
Bankruptcy Code;

     (b) prepare and file on behalf of the Debtor and
Debtor-in-Possession applications, pleadings, motions, orders,
reports, and other necessary legal papers;

     (c) represent the Debtor and Debtor-in-Possession before the
Court and in negotiations with creditors and other parties in
interest; and

     (d) perform all other legal services customary and necessary
in connection with the administration of this Chapter 11 Subchapter
V case.

Ms. Fox will receive an hourly rate of $450, and paralegals or
legal assistants will bill at an hourly rate of $150. Kamini Fox,
PLLC received a $15,000 retainer plus the Chapter 11 filing fee of
$1,738, which is being held in escrow, subject to court approval.

According to court filings, Kamini Fox, PLLC is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code and does not hold or represent any interest adverse to the
Debtor or its estate.

The firm can be reached at:

     Kamini Fox, Esq.
     KAMINI FOX, PLLC
     825 East Gate Blvd., Suite 308
     Garden City, NY 11530
     Telephone: (516) 493-9920
     E-mail: kamini@kfoxlaw.com

                              About A.B. International Market Inc.

A.B. International Market Inc., doing business as A B, filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 25-12533) on November 13, 2025, listing
between $100,001 and $500,000 in assets and between $1 million and
$10 million in liabilities.

Judge John P. Mastando, III presides over the case.

Kamini Fox, Esq., at Kamini Fox, PLLC represents the Debtor as
legal counsel.


A.M. SCOTT DISTILLERY: Seeks Chapter 11 Bankruptcy
--------------------------------------------------
Daniel Kline of The Street reports that A.M. Scott Distillery has
sought Chapter 11 bankruptcy protection as it navigates financial
challenges, according to court records. The Troy-based distillery
is aiming to reorganize its finances and remain in business.

The bankruptcy filing follows legal troubles involving founder
Anthony Michael Scott, who has been charged with two felonies in
Mercer County. Scott has pleaded not guilty, and filings do not
clarify whether those legal proceedings played a role in the
company's decision to seek bankruptcy protection, the report
states.

Despite the recent setbacks, A.M. Scott Distillery has built a
loyal customer base since launching in 2022. The company produces
vodka, whiskey, and gin, and released its first products to market
in 2023, according to report.

                 About A.M. Scott Distillery, LLC

A.M. Scott Distillery, LLC , d/b/a Scotty's Bottle Parlor, based in
Dayton, Ohio, produces handcrafted spirits including bourbon, rye,
vodka, and gin, offering small-batch and single-barrel selections
as well as specialty collections. The Company operates in the
alcoholic beverages and craft distilling industry, with production
and administrative operations in Dayton and a retail and tasting
presence in Troy, Ohio.

A.M. Scott Distillery, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 25-32562) on
December 22, 2025. In its petition, the Debtor reports total assets
of $427,741 and total liabilities of $3,353,991.

Honorable Bankruptcy Judge Tyson A. Crist handles the case.

The Debtor is represented by Ira H. Thomsen, Esq. of THOMSEN LAW
GROUP, LLC.


ACCLAIM INVESTMENT: Section 341(a) Meeting of Creditors on Jan. 21
------------------------------------------------------------------
On December 23, 2025, Acclaim Investment Management, LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the Central
District of California. According to court filings, the debtor
reports between $1 million and $10 million in debt owed to between
1 and 49 creditors.

A meeting of creditors under Section 341(a) to be held on January
21, 2026 at 01:30 PM at UST-RS1, TELEPHONIC MEETING. CONFERENCE
LINE:1-888-330-1716, PARTICIPANT CODE:9718357.

           About Acclaim Investment Management, LLC

Acclaim Investment Management LLC is a real estate company whose
principal assets are located at 17240 and 17242 Grand Avenue in
Lake Elsinore, California.

Acclaim Investment Management, LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-19168) on
December 23, 2025. In its petition, the debtor reports estimated
assets in the range of $0 to $100,000 and estimated liabilities
between $1 million and $10 million.

The Honorable Magdalena Reyes Bordeaux handles the case.

The debtor is represented by Krystina T. Tan, Esq. of the Law
Offices of Krystina T. Tran.


AIX VENTURES: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: AIX Ventures LLC
        785 Crandon Boulevard
        Apartments 705 and 805
        Key Biscayne, FL 33149

Chapter 11 Petition Date: January 1, 2026

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 26-10001

Judge: Hon. Robert A Mark

Debtor's Counsel: Joel Aresty, Esq.
                  JOEL M. ARESTY PA
                  309 1st Ave. S.
                  Tierra Verde, FL 33715
                  Tel: (305) 904-1903
                  Email: aresty@icloud.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

Guillermo Lopez signed the petition as manager.

The Debtor has confirmed 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/Z4NLGLY/AIX_Ventures_LLC__flsbke-26-10001__0001.0.pdf?mcid=tGE4TAMA


ALL AMERICAN: Seeks Chapter 7 Bankruptcy in California
------------------------------------------------------
On December 23, 2025, All American Stone Supply, Inc. filed for
Chapter 7 protection in the U.S. Bankruptcy Court for the Central
District of California. According to court filings, the debtor
reports between $1 million and $10 million in debt owed to between
1 and 49 creditors.

                About All American Stone Supply, Inc.

All American Stone Supply, Inc. is a building materials company
engaged in the distribution and supply of natural and engineered
stone products. The company serves residential and commercial
construction markets, providing materials used for countertops,
flooring, wall applications, and other interior and exterior
finishes.

All American Stone Supply, Inc. sought relief under Chapter 7 of
the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-19201) on
December 23, 2025. In its petition, the debtor reports estimated
assets in the range of $0 to $100,000 and estimated liabilities
between $1 million and $10 million.

The Honorable Magdalena Reyes Bordeaux handles the case.

The debtor is represented by Sundee M. Teeple, Esq.


ALPHA 4 LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Alpha 4, LLC
        1000 West Island Blvd.
        PH 3209
        Aventura, FL 33160

Business Description: Alpha 4 is a real estate company holding a
                      single fee simple property at 1000 Island
                      Blvd., PH 9, Aventura, Florida, with an
                      appraisal value of $1.98 million.

Chapter 11 Petition Date: December 30, 2025

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 25-25412

Judge: Hon. Corali Lopez-Castro

Debtor's Counsel: Mark S. Roher, Esq.
                  LAW OFFICE OF MARK S. ROHER, P.A.
                  1806 N. Flamingo Rd., Ste 300
                  Pembroke Pines, FL 33028
                  Tel: 954-353-2200
                  E-mail: mroher@markroherlaw.com

Total Assets: $2,700,000

Total Liabilities: $1,308,340

The petition was signed by Daniel Alibayof as manager.

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/2WDSUSY/Alpha_4_LLC__flsbke-25-25412__0001.0.pdf?mcid=tGE4TAMA


ALPHAOMEGA CONSTRUCTION: Seeks Chapter 7 Bankruptcy in California
-----------------------------------------------------------------
On December 26, 2025, AlphaOmega Construction Services, Inc. filed
for Chapter 7 protection in the U.S. Bankruptcy Court for the
Central District of California. According to court filings, the
Debtor reports between $100,001 and $1,000,000 in debt owed to
between 1 and 49 creditors.

             About AlphaOmega Construction Services, Inc.

AlphaOmega Construction Services, Inc. is a California-incorporated
construction company offering a range of general contracting
services throughout the Southern California region.

AlphaOmega Construction Services, Inc. sought relief under Chapter
7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-19252) on
December 26, 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 being handled by Honorable Bankruptcy Judge Magdalena
Reyes Bordeaux.

The Debtor is represented by Kenneth J. Catanzarite, Esq., of
Catanzarite Law Corp.


AMPLE INC: Final DIP Financing Hearing Set for Jan. 8
-----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, is set to hold a hearing on January 8 to consider
final approval of the motion by Ample, Inc. and Ample Texas EV, LLC
to obtain post-petition financing.

The Debtors previously received interim court approval to use cash
collateral and obtain an initial $2.5 million from Twelve Bridge
Capital, LLC, which has committed to provide up to $6 million in
DIP financing. The remaining amount will be available upon entry of
a final order.

The DIP facility is structured as a superpriority, secured, priming
multi-draw term loan under 11 U.S.C. sections 364(c) and 364(d).
Proceeds may be used to pay DIP-related fees and expenses
(including lender professionals), debtor professional fees, working
capital, chapter 11 administrative expenses, and obligations
authorized under first- and second-day orders, all subject to a
13-week approved budget with limited variance.

Loans bear 13.0% PIK interest, increasing by 2.0% upon an event of
default, plus commitment, funding, work, diligence, and exit fees.

The lender will receive automatically perfected priming liens on
substantially all pre- and post-petition assets and superpriority
administrative expense claims, subject only to a defined carve-out.
There is no roll-up or cross-collateralization of prepetition
debt.

The Debtors are required to comply with these milestones:

    (i) entry of the interim order no later than two business days
after the petition date;
   (ii) entry of the final DIP order within 28 days after the
petition date;
  (iii) filing of a bid procedures motion for the sale of the
Debtors' assets no later than 7 days after the petition date;
  (iv) entry of a bid procedures order within 28 days after filing
the bid procedures motion;
    (v) entry of the final DIP order no later than 28 days after
the petition date;
   (vi) selection of a winning bidder (or toggle to an acceptable
recapitalization plan proposal with a specified deposit) and
subsequent auction, sale order, and closing milestones, all within
time periods acceptable to the DIP lender and as set forth more
fully in the DIP term sheet and DIP orders.

In exchange, the DIP lender would receive
junior-only-to-the-carve-out liens on substantially all DIP
collateral, superpriority administrative expense claims, waivers of
surcharge and marshaling rights, limited releases upon a sale or
refinancing, and modification of the automatic stay to implement
the financing.

A copy of the interim DIP order is available at:

   http://bankrupt.com/misc/AmpleInc_InterimDIPOrder.pdf

Founded in 2014, Ample develops modular battery-swapping technology
for fleet electrification. Despite proven technology and pilot
programs, industry-wide capital contraction, supply-chain
challenges, and insufficient funding hindered commercialization.
After unsuccessful out-of-court financing and recapitalization
efforts, and interim liquidity from inventory sales, the Debtors
determined Chapter 11 with DIP financing offered the best path to
preserve value. The Debtors have no funded prepetition secured
debt; their capital structure consists primarily of equity,
unsecured convertible notes, and ordinary-course unsecured
obligations. The DIP financing—negotiated at arm's length and
deemed the only actionable option—provides essential liquidity to
fund operations, protect assets, pay employees and vendors,
administer the cases, and support a going-concern sale or plan,
thereby maximizing stakeholder value.

                   About Ample Inc.

Ample Inc. is an electric vehicle technology firm specializing in
battery-swapping platforms and infrastructure. The company develops
modular systems that allow EVs to replace batteries quickly,
supporting continuous operation without lengthy charging
intervals.

Ample Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-90817) on December 16, 2025. In
its petition, the Debtor reports estimated assets between $10
million and $50 million and estimated liabilities between $50
million and $100 million.

Honorable Bankruptcy Judge Christopher M. Lopez handles the case.

The Debtor is represented by Hugh Massey Ray, III, Esq. of
Pillsbury Winthrop Shaw Pittman LLP.

Twelve Bridge Capital, LLC, as DIP lender, is represented by:

   Michael Fishel, Esq.
   FISHEL LAW GROUP
   602 Sawyer, Suite 400
   Houston, TX 77007
   Telephone: (713) 294-0379
   michael@FishelLawGroup.com


AMPLE INC: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Ample Inc.


The committee members are:

   1. Qingdao Huari Hardware Product Co., Ltd.
      South Wangjiazhuang Village, Daxing Town
      Jimo, Qingdao
      Shandong Province, China 266229
       Dongliang Zhu  
      +86 15863012083
      dave@qd-kerui.com

   2. Avalon Technologies Limited  
      475 Horizon Drive
      Suwanee, GA 30024
      Jay Ram
      (770) 500-0682
      jay.ram@avalontec.com

   3. MingChing Industrial
      RM 2010, RongChao Financial Building
      DaYung, LongGang, ShenZhan City,
      GuangDong Province,  
      China, 518172
      Leehom Wang
      +86 13040857662
      sales03@mingchingindustrial.com

   4. Sabrina Ohanian
      1881 Rollins Rd.
      Burlingame, CA 94010
       (510) 679-4380
      ohaniansabrina@gmail.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                         About Ample Inc.

Ample Inc. is an electric vehicle technology firm specializing in
battery-swapping platforms and infrastructure. The company develops
modular systems that allow EVs to replace batteries quickly,
supporting continuous operation without lengthy charging
intervals.

Ample Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-90817) on December 16, 2025. In
its petition, the Debtor reports estimated assets between $10
million and $50 million and estimated liabilities between $50
million and $100 million.

Honorable Bankruptcy Judge Christopher M. Lopez handles the case.

The Debtor is represented by Hugh Massey Ray, III, Esq., at
Pillsbury Winthrop Shaw Pittman, LLP.


APOLLO CONSTRUCTION: Gets Extension to Access Cash Collateral
-------------------------------------------------------------
Apollo Construction & Engineering Services, Inc. received another
extension from the U.S. Bankruptcy Court for the Middle District of
Florida, Tampa Division, to use cash collateral.

At the December 30 hearing, the court approved the Debtor's
continued use of cash collateral pending a further hearing on
January 15.

The Debtor was previously allowed to access cash collateral through
December 30 pursuant to the court's fifth interim order.

The fifth interim order authorized the Debtor's monthly payment of
$9,000 to Thomas Kamprath and granted the secured creditor a first
priority perfected post-petition lien on the cash collateral.

Apollo is a construction company that purchased its business from
Mr. Kamprath prior to filing for bankruptcy. As part of the
purchase, Mr. Kamprath holds a security interest in the Debtor's
accounts, receivables, and other business assets.

                  About Apollo Construction & Engineering

Apollo Construction & Engineering Services, Inc. provides
full-service general contracting and construction services across
Florida, specializing in commercial, industrial, and government
projects. Operating since 1987, the Company delivers direct project
accountability, seamless coordination, and union-certified
workforce solutions to support construction of commercial
properties, public infrastructure, healthcare facilities, schools,
and transportation hubs.  It holds active state licenses in
mechanical engineering, plumbing and piping, concrete and
structural work, fire protection, and general contracting, offering
end-to-end solutions from planning to build-out.

Apollo filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06058) on August 25,
2025, with $1,135,031 in assets and $1,931,003 in liabilities.
Ahmed Zahran, vice president of Apollo, signed the petition.

Judge Catherine Peek McEwen presides over the case.

Samantha L. Dammer, Esq., at Bleakley Bavol Denman & Grace
represents the Debtor as legal counsel.


APPLE AUTO: Seeks Chapter 7 Bankruptcy in California
----------------------------------------------------
On December 23, 2025, Apple Auto Glass Corporation filed for
Chapter 7 protection in the U.S. Bankruptcy Court for the Southern
District of California. According to court filings, the debtor
reports between $0 and $100,000 in debt owed to between 1 and 49
creditors.

           About Apple Auto Glass Corporation

Apple Auto Glass Corporation is a corporation engaged in auto glass
repair and replacement services. The company provides windshield
repairs, full glass replacement, and related automotive glass
services.

Apple Auto Glass Corporation sought relief under Chapter 7 of the
U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 25-05331) on
December 23, 2025. In its petition, the debtor reports estimated
assets in the range of $0 to $100,000 and estimated liabilities in
the same range.

The Honorable Christopher B. Latham handles the case.

The debtor is represented by Alberto M. Carranza, Esq. of Alberto
Carranza Law Offices.


ARD FINANCE: Arini Disputes Ardagh Bond Use in CDS Auction
----------------------------------------------------------
Libby Cherry and Giulia Morpurgo of Bloomberg Law report that Arini
Capital Management is opposing the use of Ardagh's senior unsecured
bonds in a CDS auction, which determines payments for holders of
credit-default protection. The firm argues that the bonds from
Ardagh Packaging Finance Plc do not qualify as deliverable
obligations—defaulted instruments that can be submitted into the
auction to help set pricing.

Having played a major role in Ardagh's debt restructuring, Arini is
one of the company's largest creditors. The firm first filed suit
over the bonds and continues to dispute their inclusion in the CDS
auction, citing potential negative impacts on creditor recoveries,
the report states.

                   About ARD Finance SA

ARD Finance SA, previously Operated as a Subsidiary of Ardagh Group
S.A., a prominent provider of rigid packaging solutions. It is a
Luxembourg-based holding company organized as a societe anonyme and
incorporated in 2011 under number B160806, functions as a holding
and financing entity within the Ardagh Group, a global supplier of
metal and glass packaging. Its corporate purpose includes acquiring
Luxembourg and foreign companies, issuing debt instruments, and
providing financing within the group. Until shortly before the
commencement of the Luxembourg proceeding, it held a majority stake
in Ardagh Group S.A. and full ownership of ARD Group Finance
Holdings S.A., which controlled the remaining shares in Ardagh
Group S.A.

ARD Finance SA sought relief under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12794) on December 14,
2025.

Honorable Bankruptcy Judge Martin Glenn handles the case.

The Debtor is represented by Andrew K. Glenn, Esq. of Glenn Agre
Bergman & Fuentes LLP.


ASTRO PRECISION: Seeks Chapter 11 Bankruptcy in New Jersey
----------------------------------------------------------
On December 18, 2025, Astro Precision Tool & Machine LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of New Jersey. According to court filings, the debtor reports
between $0 and $100,000 in debt owed to between 1 and 49
creditors.

            About Astro Precision Tool & Machine LLC

Astro Precision Tool & Machine LLC is a limited liability company
engaged in precision machining and tool manufacturing. The company
produces custom-machined metal parts for industrial use.

Astro Precision Tool & Machine LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23375) on
December 18, 2025. In its petition, the debtor reports estimated
assets in the range of $0 to $100,000 and estimated liabilities
between $0 and $100,000.

The Honorable Vincent F. Papalia handles the case.

The debtor is represented by Joseph M. Shapiro, Esq. and Melinda D.
Middlebrooks, Esq. of Middlebrooks Shapiro, P.C.


BLACK BUFFALO: Seeks Chapter 11 Bankruptcy in Delaware
------------------------------------------------------
On December 24, 2025, Black Buffalo 3D Corporation filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of Delaware. According to court filings, the debtor reports between
$1 million and $10 million in debt owed to between 1 and 49
creditors.

                About Black Buffalo 3D Corporation

Black Buffalo 3D Corporation develops and supplies large-scale 3D
construction printing systems, proprietary cement-based printing
materials, and related training and consulting services.

Black Buffalo 3D Corporation sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12270) on December
24, 2025. In its petition, the debtor reports estimated assets in
the range of $1 million to $10 million and estimated liabilities in
the same range.

The Honorable Thomas M. Horan handles the case.

The debtor is represented by Laurel D. Roglen, Esq. of Ballard
Spahr LLP.


BMX TRANSPORT: Seeks Chapter 7 Bankruptcy in Indiana
----------------------------------------------------
On December 23, 2025, BMX Transport, Inc. filed for Chapter 7
protection in the U.S. Bankruptcy Court for the Northern District
of Indiana. According to court filings, the Debtor reports between
$0 and $100,000 in debt owed to between 1 and 49 creditors.

             About BMX Transport LLC

BMX Transport, LLC provides long-distance specialized freight
trucking services across the United States, focusing on goods that
require unique handling or equipment. It offers full truckload
transport using dry vans and refrigerated trailers, supported by
warehousing and 24/7 logistics operations. Headquartered in
Georgia, BMX Transport operates a federally authorized fleet of
trucks and trailers.

BMX Transport sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ga. Case No. 25-20705) on May 5, 2025. In its
petition, the Debtor reported between $1 million and $10 million in
both assets and liabilities.

Judge James R. Sacca handles the case.

The Debtor is represented by Benjamin R. Keck, Esq., at Keck Legal,
LLC.


BODYWORX PHYSICAL: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The U.S. Trustee for Region 20 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Bodyworx Physical Therapy, PLLC.

               About Bodyworx Physical Therapy PLLC

Bodyworx Physical Therapy, PLLC provides outpatient rehabilitation
services in Oklahoma City, offering orthopedic physical therapy,
manual therapy, dry needling, therapeutic massage, aquatic therapy
and related treatments through a staffed clinic equipped with
cardio and strength machines, unweighting treadmills and traction
systems. The practice serves patients recovering from injuries or
managing chronic conditions and operates a transitional gym that
supports continued strength and mobility training. It works with a
range of insurance plans and delivers care to both individual
patients and sports groups within its local service area.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Okla. Case No. 25-13588) on November
18, 2025. In the petition signed by Corey Smith, owner/member, the
Debtor disclosed $454,353 in total assets and $3,223,003 in total
liabilities.

Judge Janice D. Loyd oversees the case.

Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC, represents
the Debtor as bankruptcy counsel.


BOTTOMLINE INK: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Bottomline Ink, Corporation
           d/b/a Blink Marketing Logistics
           d/b/a Falk Culinair USA
           d/b/a Ink & Mail
        7829 Ponderosa Rd.
        Perrysburg, OH 43551

Business Description: Bottomline Ink Corporation provides
                      commercial printing and marketing logistics
                      services, including print production,
                      fulfillment, mailing, inventory management,
                      creative design, direct-mail printing,
                      technology-enabled marketing, and branded
                      merchandise solutions.  The Company operates
                      from Perrysburg, Ohio, serving business,
                      nonprofit, educational, and institutional
                      customers across multiple industries.  It
                      also does business under the Blink Marketing
                      Logistics and Ink & Mail names.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       Northern District of Ohio

Case No.: 25-32806

Judge: Hon. Mary Ann Whipple

Debtor's Counsel: Steven L. Diller, Esq.           
                  DILLER AND RICE, LLC
                  124 East Main Street
                  Van Wert, OH 45891
                  Tel: 419-238-5025
                  Fax: 419-238-4705
                  E-mail: Steven@drlawllc.com
                          Kim@drlawllc.com
                          Eric@drlawllc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

Michael P. Davison signed the petition as principal.

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/VZA2VWI/Bottomline_Ink_Corporation__ohnbke-25-32806__0001.0.pdf?mcid=tGE4TAMA


BOY SCOUTS: Opponents Ask Supreme Court to Review Bankruptcy Plan
-----------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that a group of Boy Scouts of
America abuse survivors said the U.S. Supreme Court should step in
to strike down "unlawful" third-party litigation releases embedded
in the organization’s $2.46 billion bankruptcy settlement.

The 75 claimants from Guam argued in a December 26, 2025 filing
that the Chapter 11 plan must be restructured to align with Supreme
Court rulings prohibiting nonconsensual releases of third-party
claims. The challengers, who petitioned for review in October 2025,
asked the justices to reject arguments advanced by the Boy Scouts
earlier this month supporting the disputed provisions.

                 About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC, as financial advisor. Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020. The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.

The Debtors obtained confirmation of their Third Modified Fifth
Amended Chapter 11 Plan of Reorganization (with Technical
Modifications) on September 8, 2022. The Order was affirmed on
March 28, 2023. The Plan was declared effective on April 19, 2023.

The Hon. Barbara J. House (Ret.) has been appointed as trustee of
the BSA Settlement Trust.


BROADBAND INFRASTRUCTURE: Gets Extension to Access Cash Collateral
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina
entered a second interim order authorizing Broadband
Infrastructure, Inc., a Chapter 11 debtor-in-possession, to use
cash collateral.

The Debtor requires the use of cash collateral for the operation of
its business and payment of business expenses in the ordinary
course.

The court authorized the Debtor to use cash collateral in
accordance with its budget until a final hearing is held. The
Debtor may exceed individual budget line items by up to 10%,
provided the total does not exceed that threshold per line item.

Any amounts allocated for estate professionals must be held in
escrow and paid only after court approval of fee applications.

The court scheduled a further hearing for January 21.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/elJIm from PacerMonitor.com.

Prior to its Chapter 11 filing, the Debtor obtained a $500,000 loan
from the Small Business Association; a $1 million loan from the
Coastal Carolina National Bank; an $850,000 loan from Parsonex
Special Solutions Fund, LLC; a $1.5 million loan from the Courtyard
Holdings, LLC; a $250,000 loan from Doug2, Inc.; and $125,000 loan
from the Alpha Equity Fund, LLC. The loans are secured by assets
based on UCC-1 statements filed.

                  About Broadband Infrastructure Inc.

Broadband Infrastructure, Inc. provides turnkey telecommunications
infrastructure solutions for inside and outside plant projects
across the eastern United States, offering services including fiber
optic splicing and terminations, structured cabling, security and
access control, 5G, DAS and Small Cell, long-haul, and overbuild
fiber construction. It serves industrial, commercial, education,
government, and healthcare markets, working alongside general and
electrical contractors to deliver integrated network solutions.
Managed by industry veterans with over 100 years of combined
experience, Broadband Infrastructure designs, builds, and activates
networks that connect end users through service providers.

Broadband Infrastructure sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. S.C. Case No. 25-04610) on November
21, 2025, listing up to $10 million in both assets and liabilities.
Braddock Cunningham, president of Broadband Infrastructure, signed
the petition.

Judge Helen E. Burris oversees the case.

Robert Pohl, Esq., at Pohl Bankruptcy, LLC, represents the Debtor
as legal counsel.


CARPENTER FAMILY: Seeks to Sell Farming Equipment at Auction
------------------------------------------------------------
Carpenter Family Farms, LLC, and its affiliates, Benjamin Carpenter
and B&L Land LLC, seek permission from the U.S. Bankruptcy Court
for the Southern District of Indiana, Indianapolis Division, to
sell equipment used in their farming operations at auction, free
and clear of liens, claims, interests, and encumbrances.

The Property is no longer necessary to the Debtors' farming
operations and selling it is its highest and best use to the estate
at this point.

The Debtors seek an order to approve and authorize a sale of the
Property at public auction free and clear of any liens and claims
of any and every kind or nature whatsoever.

The Debtors are filing an application to hire Ted Everett Farm
Equipment to market and conduct the
proposed auction, which, if approved, is scheduled to be held
February 6, 2026. The Auctioneer's contact information is: 11998 N
State Road 39, Monrovia, IN 46157, 317.996.3929,
jedwards4850@yahoo.com, and www.tedeverett.com.

The Auction shall be conducted pursuant to the auction agreement of
the Auctioneer.

The Debtors, upon information and belief, assert that FFB&T and
John Deere aka Deere & Company aka John Deere Construction &
Forestry Company are the only creditors with a lien, charge,
interests in or encumbrances on the Property.

The Auctioneer will have the exclusive right to sell the Property
pursuant to the Auction Contract.

In exchange for auction services, the Auctioneer shall be paid a
10% commission on all Property according to its auction contract.

All sales at the Auction are as-is, where-is with no warranties.

Payment to FFB&T shall be made at closing in respect of its lien
interests, which exceed the possible value of the Property.

The Debtors believe the sale of the Property by auction is in the
best interest of the estate and creditors; the sale is also part of
an agreement with First Farmers Bank & Trust.

The Property is not subject to any exemptions.

The Property is being sold at the Auction "as-is" with no express
or implied warranty. Bidders shall have the opportunity prior to
the auction to complete their due diligence. The Auctioneer will
have the exclusive right to sell the Property from the date
indicated in the auction contract attached the application to
employ the Auctioneer.

There are no contingencies of sale, including the buyer seeking
financing.

No personally identifying information is being sold.

        About Carpenter Family Farms LLC

Carpenter Family Farms, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Case No.
25-05527) on September 12, 2025, listing between $1 million and
$10 million in assets and between $10 million and $50 million in
liabilities.

Judge Andrea K. Mccord presides over the case.

Jeffrey M. Hester, Esq., at Hester Baker Krebs, LLC represents the
Debtor as legal counsel.


CBIT TECHNOLOGIES: Seeks Chapter 7 Bankruptcy in New Jersey
-----------------------------------------------------------
On December 11, 2025, CBIT Technologies Corp. filed for Chapter 7
protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.

               About CBIT Technologies Corp.

CBIT Technologies Corp is a provider of technology and digital
services, with a focus on software development and IT-based
business solutions.

CBIT Technologies Corp. sought relief under Chapter 7 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 25-23114) on December 11,
2025. In its petition, the debtor reports estimated assets in the
range of $0 to $100,000 and estimated liabilities between $100,001
and $1,000,000.

The case is being handled by the Honorable Vincent F. Papalia.

The debtor is represented by Robert C. Nisenson, Esq. of Robert C.
Nisenson, LLC.


CLAYTON ISTHMUS: Seeks Cash Collateral Access
---------------------------------------------
Clayton Isthmus, LLC asks the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, for authority to
use cash collateral and provide adequate protection.

The cash collateral consists primarily of rental income generated
by its Thorndale Property at 1522–24 West Thorndale Avenue in
Chicago, which is subject to a first-priority mortgage, assignment
of rents, and security interests held by GreenState Credit Union.

The Debtor filed its bankruptcy petition on December 2, 2025,
immediately before a scheduled sheriff's sale, in order to stay
foreclosure following GreenState's successful state-court
foreclosure action and entry of a judgment of foreclosure and
sale.

The Debtor owns two Chicago properties but this motion focuses on
the Thorndale Property, which secures a $1,785,000 promissory note
executed in June 2022. Because GreenState's assignment of rents
renders the rental income cash collateral under the Bankruptcy
Code, the Debtor requires court approval to use those funds to
continue operating and preserving the property while it pursues
reorganization.

The Debtor proposes to use the cash collateral, retroactive to the
petition date, to pay ordinary and necessary expenses such as
maintenance, repairs, insurance, utilities, real estate taxes, and
debt service, as reflected in a projected 2026 operating statement
showing monthly rental income of $14,950.

As adequate protection, the Debtor proposes to make monthly
payments to GreenState of $10,681 and to grant a post-petition
replacement lien on rents to the extent of any diminution in value
of GreenState's collateral.

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

                  About Clayton Isthmus, LLC

Clayton Isthmus, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-18502) on December 2,
2025. In the petition signed by Matthew Cohen, member/manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Jacqueline P. Cox oversees the case.

Joel Schechter, Esq., at LAW OFFICES OF JOEL A. SCHECHTER,
represents the Debtor as legal counsel.



CLEARSIDE BIOMEDICAL: Appointment of Equity Committee Sought
------------------------------------------------------------
An ad hoc group of non-insider equity holders of Clearside
Biomedical, Inc. sought for the appointment of an official
committee to represent equity security holders in the company's
Chapter 11 case.

In its motion, the group asked the U.S. Bankruptcy Court for the
District of Delaware to direct the U.S. Trustee for Region 3 to
appoint an equity committee, arguing that the company is solvent.

Since the company's Chapter 11 filing, the common equity securities
of the company have consistently traded above $0. The stock price
has more than doubled from a low of $0.41 per share to $0.79, as of
Dec. 29, for a market capitalization exceeding $4 million (more
than $1 million higher than the stalking horse bid). As such, the
market clearly believes the company has positive equity value,
according to the ad hoc group.

The ad hoc group also cited a valuation analysis by its financial
advisor, Dundon Advisers LLC, estimating equity value at $10.3
million at the low end and $20.3 million at the high end -- at
least $7 million above the stalking horse bid's cash consideration
($2.7 million) for all operating assets.

"That value may be much higher if [Clearside] is willing to pursue
a trade seeking to unlock the value of the [net operating losses],
which, from appearances, [Clearside] does not seem to be seriously
pursuing," the ad hoc group said.

Based on the analysis, the ad hoc group believes the company's NOLs
should be nominally worth more than $60 million, applying a 20% tax
rate to any merger partner seeking to benefit from them.

The ad hoc group also believes that estate litigation assets may
exist that could materially increase the value of the company.

"An official equity committee is necessary to determine the
appropriate value of those assets and the price for any release
thereof. [Clearside] has conducted no investigation of any such
assets," the group further said.

The ad hoc group is represented by:

     Eric J. Monzo, Esq.
     Morris James, LLP
     3205 Avenue North Blvd., Suite 100
     Wilmington, DE 19803
     Tel No: (302) 888-6800
     Fax No: (302) 571-1750
     Email: emonzo@morrisjames.com

       -- and --

     Mark Franke, Esq.
     Brandon Batzel, Esq.
     Orrick, Herrington & Sutcliffe, LLP
     51 West 52nd Street
     New York, NY 10019
     Tel No.: (212) 506-5000
     Fax No: (212) 506-5151
     Email: mfranke@orrick.com
     Email: bbatzel@orrick.com

                  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 to $10 million and estimated liabilities of $50 million
to $100 million.

Judge Thomas M. Horan oversees the case.

The Debtor tapped Cooley, LLP and Richards, Layton & Finger, PA as
legal counsel; Berkeley Research Group, LLC as financial advisor;
and Epiq Corporate Restructuring, LLC as administrative advisor.


CONDOR ACQUISITION: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                     Case No.
    ------                                     --------
    Condor Acquisition Sub I, Inc.             25-90819
    2603 Discovery Drive
    Suite 100
    Orlando, Florida 32826

    Condor Acquisition Sub II, Inc.            25-90820
    2603 Discovery Drive
    Suite 100
    Orlando, Florida 32826

Business Description: Condor Acquisition Sub I, Inc. and Condor
                      Acquisition Sub II, Inc., based in Orlando,
                      Florida, are wholly-owned subsidiaries of
                      Luminar Technologies, Inc. established to
                      hold and manage assets acquired through the
                      2022 Solfice Transaction.  The subsidiaries
                      operate as investment holding vehicles and
                      do not conduct independent commercial
                      operations.

A motion will be filed with the Bankruptcy Court to consolidate the
chapter 11 cases of the listed entities for procedural purposes and
to have them jointly administered with the initial debtors under
the chapter 11 case of In re Luminar Technologies, Inc., et al.,
Case No. 25-90807 (CML), in line with Rule 1015(b) of the Federal
Rules of Bankruptcy Procedure.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       Southern District of Texas

Judge: Hon. Christopher M. Lopez

Debtors' Counsel: Stephanie N. Morrison, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  700 Louisiana Street, Suite 3700
                  Houston, Texas 77002
                  Tel: (713) 546-5000
                  Email: stephanie.morrison@weil.com

                      and

                  Ronit J. Berkovich, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  767 Fifth Avenue
                  New York, New York 10153
                  Tel: (212) 310-8000
                  Email: ronit.berkovich@weil.com

Estimated Assets
(on a consolidated basis): $100 million to $500 million

Estimated Liabilities
(on a consolidated basis): $500 million to $1 billion

The petitions were signed by Robin Chiu as chief restructuring
officer.

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

https://www.pacermonitor.com/view/NIUFZZI/Condor_Acquisition_Sub_I_Inc__txsbke-25-90819__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/MEXSWZA/Condor_Acquisition_Sub_II_Inc__txsbke-25-90820__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

1. U.S. Bank National Association 1.25% Convertible   $134,883,000
Attn.: Bradley E. Scarbrough         Senior Notes
633 West 5th Street, 24th Floor        due 2026
Los Angeles, California 90071
Phone: (213) 615-6047
Email: bradley.scarbrough@usbank.com

2. Celestica LLC                         Lease         $43,885,475
Attn.: Liza Castillo                  Obligations
11 Continental Boulevard
Merrimack, New Hampshire 03054-4341
Email: lizacastillo@celestica.com

3. Scale AI, Inc.                       Software       $10,650,000
Attn.: Eloise Cagas
303 2nd Street, 5th Floor
San Francisco, California 94107-1366
Email: eloise.cagas@scale.com

4. Fabrinet Co Ltd                    Trade Goods       $3,107,410
    
Attn.: Harpal S. Gill
4900 Patrick Henry Drive
Santa Clara, California 95054
Phone: (609) 815-4795
Email: harpalg@fabrinet.co.th

5. Fujian Hitronics                   Trade Goods       $2,536,942
Technologies, Inc.
Attn.: Donny Li
No. 1-1 Nanbian Road, Minhou
Fuzhou, China 350100
Phone: (408) 791-6352
Email: donny.li@hi-tronics.com

6. Applied Intuition, Inc.              Software        $1,175,000
Attn.: Greg Granito
145 E Dana Street
Mountain View, California 94041-1507
Phone: (508) 523-3786
Email: greg@applied.com

7. P3 USA, Inc.                         Software          $997,699
Attn.: Breanne Mason
One N Main St, 4th Floor
Greenville, South Carolina 29601-2770
Email: breanne.mason@p3-group.com

8. Optera TPK Holding Pte. Ltd.       Trade Goods         $759,742
Attn.: Dana Lu
80 Robinson Road, #02-00
Singapore 068898
Phone: + (86) 592-573-8999
Email: dana.lu@tpk.com

9. CSC Advisory FZ LLE                Professional        $666,000
Attn.: Murtaza Ahmed                    Services
City Gate (Bin Ham) Building, Port Saeed
Office 1309, 13th Floor
Abu Dhabi, United Arab Emirates
Phone: + (971) 585-368-212
Email: murtaza@chilternstreet.capital

10. TPK Precision                     Trade Goods         $526,371
Hong Kong Co., Ltd.
Attn.: Kevin Tsai
Units 610-611, 6/F, Tower 2
Lippo Centre, 89 Queensway
Admiralty, Hong Kong
China
Phone: + (86) 592-573-8999
Email: kevin.tsai@tpk.com

11. B9 McLeod Owner LLC                Facilities         $445,487
Attn.: Legal Department
233 S Wacker Drive, Suite 4700
Chicago, Illinois 60606-6332

12. Workday, Inc.                       Software          $411,025
Attn.: Garrett Cox
6110 Stoneridge Mall Road
Pleasanton, California 94588-3211
Email: garrett.cox@workday.com

13. Oracle America, Inc.                Software          $374,651
Attn.: Taylor Cleaves
500 Oracle Parkway
Redwood City, California 94065-1677
Phone: (339) 236-0172
Email: taylor.cleaves@oracle.com

14. Daedalus Tech                     Supplemental        $361,635
        
Attn.: Brenno Caldato                   Workforce
Padre Joao Quadra Street 15-81
Sao Paolo, Brazil 17012-020
Email: sales@daedalustech.com
brenno.caldato@dt-labs.ai

15. Steer Tech LLC                      Equipment         $303,036
Attn.: Anuja Sonalker
10840 Guilford Road, Suite 401-402
Annapolis Junction, Maryland 20701-1121
Phone: (240) 787-8000
Email: anuja@steer-tech.com

16. Vector North America, Inc.           Software         $288,675
Attn.: Elizabeth Abbott
39500 Orchard Hill Place, Suite 400
Novi, Michigan 48375-5371
Email: elizabeth.abbott@vector.com

17. Orrick, Herrington &               Professional       $255,000
Sutcliffe LLP                            Services
Attn.: Dan Kim
2121 Main Street
Wheeling, West Virginia 26003-2809
Phone: (304) 231-2704
Email: dan.kim@orrick.com

18. Corning Auto Glass Solutions LLC   Trade Goods        $213,894
Attn.: Rebecca Flint
One Riverfront Plaza
Corning, New York 14830-2556
Phone: (607) 542-2709
Email: flintr@corning.com

19. McDermott Will & Emery LLP         Professional       $213,709
Attn.: Ahsan Shaikh                      Services
444 West Lake Street
Chicago, Illinois 60606-0029
Phone: (312) 984-7750
Email: ashaikh@mwe.com

20. Alidade Discovery Lakes II, LLC     Facilities        $155,761
Attn.: Matt Roslin
40900 Woodward Avenue, Suite 250
Bloomfield Hills, Michigan 48304-5119
Email: roslin@alidadecapital.com

21. Marsh USA Inc.                      Insurance         $121,761
Attn.: Scot Sterenberg
4 Embarcadero, Suite 1100
San Francisco, California 94111
Email: scot.sterenberg@marsh.com

22. Amazon Web Services, Inc.           Software          $121,250
Attn.: Legal Department
410 Terry Avenue N
Seattle, Washington 98109-5210
Email: leroykl@amazon.com

23. Workiva, Inc.                       Software          $118,961
Attn.: Courtney Shipton
2900 University Boulevard
Ames, Iowa 50010-8665
Phone: (724) 831-6757
Email: courtney.shipton@workiva.com

24. Squeaky Trees LLC                 Professional        $105,276
Attn.: Kimberly Kryger                  Services
P.O. Box 99
Beaver Island, Michigan 49782-0099
Phone: (678) 372-9167
Email: kim@squeakytrees.com

25. PTC Inc.                            Software           $97,844
Attn.: Sorin Radulescu
121 Seaport Boulevard, Suite 1700
Boston, Massachusetts 02210-2050
Email: sradulescu@ptc.com

26. Pinnacle Solutions LLC            Supplemental         $94,050
Attn.: Ajay Changaran                   Workforce
6017 Snell Avenue
San Jose, California 95123-4127
Phone: (408) 203-5214
Email: ajay@pinnacle-solutionsllc.com

27. Tata Consultancy                  Professional         $92,502
Services Limited                        Services
Attn.: Rahulh Nair
9th Floor, Nirmal Building, Nariman Point,
Mumbai, Maharashtra 400 021
India
Email: rahulh.nair@tcs.com

28. The Volvo Store                    Property &          $92,175
Attn.: David Bokai-Lukinich             Equipment
1051 W Webster Avenue, Winter Park
Orlando, Florida 32789-0000
Email: dbokai@thevolvocarstore.com

29. Ningbo Sunny Automotive             Equipment          $90,036
Optech Co.
Attn.: Poppy Hou
66-68 Shunyu Road
Zhejiang 315499
China
Email: czhoumj@sunnyoptical.com

30. Intellias Consulting Inc, USA      Professional        $88,400
Attn.: Valeriia Kosyk                    Services
500 West Madison Street
Chicago, Illinois 60661-4544
Email: valeriia.kosyk@intellias.com


CONSCIOUS CONTENT: Unsecured Creditors to Split $250K in Plan
-------------------------------------------------------------
Conscious Content Media, Inc. and affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a Combined Disclosure
Statement and Joint Plan of Reorganization dated December 23,
2025.

Originally founded in 2012, CCM is headquartered in New York and,
as of the Petition Date, had approximately 50 full-time employees
and five individual contractors. In 2016, CCM formed CCM Merger Sub
II, Inc. in order to acquire Homer Learning, Inc.

In 2021, CCM acquired codeSpark, Inc., Kidpass Inc., and Little
Passports Inc. as a part of its strategic plan to build a multi
age, multi-stage, multi-subject, and multi-modal portfolio capable
of delivering the best educational start possible for children ages
two to ten years old. CCM currently owns and controls each of the
Subsidiary Debtors. In addition, CCM currently owns or controls,
directly or indirectly, certain non-debtor subsidiaries.

During the Chapter 11 Cases, the Debtors intend to operate their
businesses in the ordinary course. Importantly, the Plan implements
the Restructuring Transactions with every Secured creditor in these
Chapter 11 Cases. The Debtors will continue to try to build
consensus with other stakeholders after solicitation launch and
before the Confirmation Hearing.

The filing of the Debtors' bankruptcy petitions on the Petition
Date triggered the immediate imposition of the automatic stay under
section 362 of the Bankruptcy Code, which, with limited exceptions,
enjoins all collection efforts and actions by creditors, the
enforcement of Liens against property of the Debtors and both the
commencement and the continuation of prepetition litigation against
the Debtors. With certain limited exceptions and/or modifications
as permitted by order of the Bankruptcy Court, the automatic stay
remains in effect from the Petition Date until the Effective Date
of the Plan.

Class 8 shall consist of all General Unsecured Claims against the
Debtors. Class 8 Claims are Impaired by the Plan and entitled to
vote to accept or reject the Plan. The allowed unsecured claims
total $5 to $7 million. Except to the extent that a Holder of a
General Unsecured Claim agrees to less favorable treatment, in full
and final satisfaction, settlement, release, and discharge of, and
in exchange for each General Unsecured Claim, on, or as soon as
reasonably practicable after, the later of the Effective Date or
the date such General Unsecured Claim becomes an Allowed Claim,
each Holder of a General Unsecured Claim shall receive its Pro Rata
share $250,000.

Holders of a General Unsecured Claim may elect to receive the
treatment of Class 7 through a New Notes Election. Holders of
General Unsecured Claims who make the New Notes Election and who
vote on the Plan will have deemed to have voted in Class 8.

Class 10 shall consist of the Existing Equity Interests. Class 10
Claims are Impaired by the Plan and are therefore deemed to reject
the Plan and not entitled to vote on the Plan. On the Effective
Date, all Existing Equity Interests will be cancelled, released,
and extinguished and shall be of no further force and effect.

The Debtors prepared these financial projections based upon certain
assumptions that they believe to be reasonable under the
circumstances. The Financial Projections indicate, on a pro forma
basis, that the projected level of cash flow is sufficient to
satisfy the Debtors' future capital expenditures and other
obligations during the applicable period. Accordingly, if the
Chapter 11 Cases are commenced, the Debtors believe that
confirmation of the Plan is not likely to be followed by the
liquidation or further reorganization of the Reorganized Debtors.

A full-text copy of the Combined Disclosure Statement and Joint
Plan dated December 23, 2025 is available at
https://urlcurt.com/u?l=wpWUYN from Stretto, claims agent.

Co-Counsel for the Debtors:          

                  Daniel N. Brogan, Esq.         
                  Steven D. Adler, Esq.
                  Ashly L. Riches, Esq.
                  BAYARD, P.A.
                  600 North King Street, Suite 400
                  Wilmington, Delaware 19801
                  Tel: (302) 655-5000
                  E-mail: dbrogan@bayardlaw.com
                          sadler@bayardlaw.com
                          ariches@bayardlaw.com

                     AND

                  Lauren Friend McKelvey, Esq.
                  David N. Tabakin, Esq.
                  REITLER KAILAS & ROSENBLATT LLP
                  11921 Freedom Drive, Suite 550
                  Reston, Virginia 20190
                  Tel: 212-209-3037
                  E-mail: lmckelvey@reitlerlaw.com
                          dtabakin@reitlerlaw.com

                 About Conscious Content Media Inc.

Conscious Content Media, Inc. develops and provides early learning
education technology products for children ages 2 to 10, offering
an age- and stage-based curriculum focused on school readiness and
skills such as literacy, mathematics, coding, creativity, and
social-emotional development. The company delivers its programs
through digital applications, physical learning kits, classes,
tutoring, and coaching, distributing them to schools and directly
to parents through subscription-based offerings. Its product
portfolio includes brands such as Homer, codeSpark, and Little
Passports.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12231) on Dec. 17,
2025, with $100 million to $500 million in lead debtor's assets and
liabilities.  Neal Shenoy, chief executive officer, signed the
petition.

Judge Brendan Linehan Shannon presides over the case.

The Debtors tapped BAYARD, P.A., and REITLER KAILAS & ROSENBLATT
LLP as general bankruptcy counsel; Eisner Amper as financial
advisor; and Bankruptcy Management Solutions, Inc., d/b/a Stretto
as claims and noticing agent.


CRESTMONT PROPERTIES: Seeks Chapter 11 Bankruptcy in New Jersey
---------------------------------------------------------------
On December 19, 2025, Crestmont Properties, LLC filed for Chapter
11 protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the debtor reports between $1
million and $10 million in debt owed to between 1 and 49
creditors.

            About Crestmont Properties, LLC

Crestmont Properties, LLC is a real estate company engaged in the
ownership, management, and operation of residential and/or
commercial properties. The company’s activities typically include
property acquisition, leasing, and day-to-day property management.

Crestmont Properties, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23408) on December
19, 2025. In its petition, the debtor reports estimated assets in
the range of $1 million to $10 million, with liabilities listed as
unknown.

The Honorable Vincent F. Papalia handles the case.

The debtor is represented by Anthony P. Ambrosio, Esq.


DAIRY BUILDING: Seeks to Use Cash Collateral
--------------------------------------------
Dairy Building, LLC asks the U.S. Bankruptcy Court for the District
of Oregon for authority to use cash collateral and provide adequate
protection to its secured creditor, Northwest Bank.

The Debtor explains that it filed its voluntary petition on
December 15, 2025, and continues operating as a
debtor-in-possession under the Bankruptcy Code.

The Debtor owns and operates the Dairy Building, a creative office
property in Portland with 20 tenant spaces, ancillary facilities,
and a space historically used as a brewery, while leasing the
underlying land from a separate entity.

Dairy employs no direct staff and instead relies on a third-party
property manager to handle daily operations.

The Debtor identifies Northwest Bank as the primary secured
creditor, asserting liens perfected by a UCC-1 filing securing debt
of roughly $6.65 million, with collateral that includes the
building, rents, and related proceeds. Although the property was
appraised at over $12 million in 2017, the Debtor currently
estimates the collateral value at $2–4 million. The Debtor
emphasizes that it  cannot operate or preserve estate value without
access to cash collateral to pay routine expenses.

To protect Northwest from any decline in collateral value, Dairy
proposes replacement liens on postpetition assets and proceeds,
monthly adequate protection payments of $20,000, detailed monthly
variance and rent roll reports, and continued efforts to market and
sell the property to satisfy the secured claim, arguing these
measures are necessary and appropriate under bankruptcy law.

A hearing on the matter is set for January 7, at 10 a.m.

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

                   About Dairy Building, LLC

Dairy Building, LLC owns a commercial building in Portland, Oregon,
and holds a leasehold interest in the property under a ground
lease. The property has been valued at approximately $2 million
based on a June 11, 2025 proposal letter of intent reflecting the
applicable interest rate.

Dairy Building, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 25-34175) on December 15, 2025. In
its petition, the Debtor reports estimated assets and estimated
liabilities between $1 million and $10 million.

Honorable Bankruptcy Judge David W. Hercher handles the case.

The Debtor is represented by Douglas R. Ricks, Esq. of Sussman
Shank LLP.



DAYTONA THUNDER: Section 341(a) Meeting of Creditors on January 12
------------------------------------------------------------------
On December 4, 2025, Daytona Thunder, LLC, filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Middle District of
Florida. According to court filings, the Debtor reports between $1
million and $10 million in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on January
12, 2026 at 01:00 PM. U.S. Trustee (Orl) will hold the meeting
telephonically. Call in Number: 888-330-1716. Passcode: 5814238#.

                About Daytona Thunder, LLC

Daytona Thunder, LLC owns a commercial property at 801 Main Street
Daytona Beach, FL 32118.

Daytona Thunder, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07885) on December
11, 2025, with $1,000,001 to $10 million in both assets and
liabilities.

Judge Hon. Grace E Robson oversees the case.

The Debtor is represented by Jeffrey Ainsworth, Esq. of Bransonlaw
PLLC


DOCKSIDE ASSOCIATION: Case Summary & Three Unsecured Creditors
--------------------------------------------------------------
Debtor: Dockside Association, Inc.
        330 Concord Street
        Charleston, SC 29401

Business Description: Dockside Association Inc. is a South
                      Carolina-based nonprofit homeowners
                      association that manages and oversees the
                      Dockside Condominiums in Charleston,
                      including maintenance of common areas and
                      enforcement of community rules.  The
                      association administers the condominium
                      complex under its governing documents and
                      coordinates with residents on property
                      management matters.

Chapter 11 Petition Date: December 29, 2025

Court: United States Bankruptcy Court
       District of South Carolina

Case No.: 25-05115

Judge: Hon. Elisabetta Gm Gasparini

Debtor's Counsel: Michael M. Beal, Esq.
                  BEAL LLC
                  1301 Gervais St, Suite 1040
                  Columbia, SC 29201
                  E-mail: mbeal@bealllc.com

Debtor's
Special
Counsel:          PARKER POE ADAMS & BERNSTEIN LLP

Total Assets: $3,984,429

Total Liabilities: $13,871,930

The petition was signed by Christine Kenny as president.

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

https://www.pacermonitor.com/view/6S3UIFQ/Dockside_Association_Inc__scbke-25-05115__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Three Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

1. Estimated cost to                                   $11,000,000
raze and cleanup site

2. First Citizens Bank                                  $2,000,285
152 East Bay Street
Charlestone, SC 29401
Email: Bo.Avent0@firstcitizens.com

3. First Citizen Bank                      Loan           $703,820
152 East Bay Street
Charleston, SC 29401
Email: Bo.Avent0@firstcitizens.com


DUOMO GSP: Court OKs Mall Inventory Sale
----------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey has
approved Duomo GSP Inc. to sell Inventory, free and clear of liens,
claims, interests, and encumbrances.

On October 17, 2025, the Debtor filed a voluntary petition for
relief under chapter 11 of the United States Bankruptcy Code.

The Debtor is engaged in the business of selling high-end clothing
and accessories from Store No. 2338 that it rents in the Westfield
Garden State Plaza shopping center located at One Garden State
Plaza Parkway, Paramus, NJ 07652 (Mall).

The Debtor rents the Store from its landlord Westland Garden State
Plaza Limited Partnership under a lease dated June 28, 2021.

The Debtor also sells operates its Business through its website:
https://www.duomo.store.

The Debtor is authorized to conduct a "store closing" or similarly
themed sale to sell the Inventory from its store in the Westfield
Garden State Plaza shopping center in strict compliance with the
sale guidelines.

The Debtor is authorized to take such actions as are necessary to
effectuate the Sale including, but not limited to, posting signs
and advertising such sales as a Store Closing or similar themed
sale without further consent of and free from interference of any
person or entity under the terms of the Sale Guidelines.

Any provisions in the Lease with respect to the Store Premises that
prohibit the Debtor from conducting the Sale or similarly themed
sales are hereby deemed unenforceable for the purpose of the Debtor
conducting the Sale.

The sale transactions consummated pursuant to this Order shall be
binding upon and shall govern the acts of all entities served with
the Motion and the Order.

The Adequate Protection Lien shall be senior to any and all other
liens on the Inventory and Sale Proceeds.

The Debtor shall conduct the Sale in strict compliance with the
Budget.

Upon the Debtor's Surrender of the Store Premises to Landlord,
whether on the Surrender Date or on a later date, all property
remaining at the Store Premises is deemed abandoned and Landlord
may use or dispose of the Remaining Property in accordance with
applicable law and the automatic stay is modified to the extent
necessary to facilitate such use or disposal.

Notwithstanding anything to the contrary herein, if the Debtor does
not affirmatively Surrender the Store Premises by the Surrender
Date, the Landlord is authorized to take any steps, in its sole
discretion, necessary or advisable to take full possession of the
Store Premises.

       About Duomo GSP Inc.

Duomo GSP Inc.  is engaged in the business of selling high-end
clothing and accessories

Duomo GSP Inc. sought protection for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 25-21039) on October 17,
2025, listing up to $50,000 in both assets and liabilities. Joseph

Judge Vincent F. Papalia presides over the case.

M. Shapiro, Esq. at Middlebrooks Shapiro, P.C. represents the
Debtor as counsel.


EASTFORD LLC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Eastford, LLC
        124-202 Rea Avenue
        Hawthorne, NJ 07506

Business Description: Eastford, LLC's principal assets are located
                      at 86–90 Lincoln Avenue in Hawthorne, New
                      Jersey 07506.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 25-23794

Judge: Hon. John K Sherwood

Debtor's Counsel: Mark J. Politan, Esq.
                  POLITAN LAW, LLC
                  88 East Main Street, #502
                  Mendham, NJ 07945
                  Tel: 973-768-6072
                  Email: mpolitan@politanlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Frank Muscara as managing member.

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/BQXJ76Y/Eastford_LLC__njbke-25-23794__0001.0.pdf?mcid=tGE4TAMA


ELECTRIC FORKLIFT: Seeks Chapter 11 Bankruptcy in New Jersey
------------------------------------------------------------
On December 23, 2025, Electric Forklift Repairs Corp. filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of New Jersey. According to court filings, the debtor reports
between $100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.

               About Electric Forklift Repairs Corp.

Electric Forklift Repairs Corp. is a service company focused on the
repair and maintenance of electric forklifts and industrial lifting
equipment. The company provides troubleshooting, repairs, and
regular maintenance to commercial and industrial clients.

Electric Forklift Repairs Corp. sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23553) on
December 23, 2025. In its petition, the debtor reports estimated
assets in the range of $100,001 to $1,000,000 and estimated
liabilities in the same range.

The Honorable Bankruptcy Judge handles the case.

The debtor is represented by Ellen M. McDowell, Esq. of McDowell
Law, PC.


ENVELOPE 1 INC: Gets Extension to Access Cash Collateral
--------------------------------------------------------
Envelope 1, Inc. received second interim approval from the U.S.
Bankruptcy Court for the Southern District of Florida to continue
using cash collateral to fund operations during its Chapter 11
case.

The order recognizes Spectrum Commercial Finance, LLC as the
Debtor's primary secured lender, holding valid, perfected, and
non-avoidable liens on substantially all assets, including accounts
receivable, inventory, equipment, and real property in Ohio.

As of the petition date, the Debtor owed Spectrum approximately
$927,263.50, plus interest and fees, and acknowledged Spectrum's
lien rights in exchange for the continued use of cash collateral
including cash and revenue.

Under the court order, the use of cash collateral is strictly
limited to amounts and purposes set forth in the budget, subject to
a 10% variance per line item and a 5% cumulative variance overall.

As adequate protection, the court granted Spectrum post-petition
replacement liens on all assets acquired before or after the
petition date, maintaining the same priority as its pre-bankruptcy
liens while excluding avoidance actions.

The Debtor required to maintain insurance, permit inspections, and
provide financial information upon request.

The authorization is temporary and terminates upon specified
events, including default or case conversion.

A further hearing is set for January 6, with objections to final
relief due by January 4.

                 About Envelope 1 Inc.

Envelope 1, Inc manufactures and mails commercial envelopes and
their contents.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-23400) on November
12, 2025. In the petition signed by Tarry Pidgeon, president, the
Debtor disclosed up to $50 million in assets and up to $100 million
in liabilities.

Judge Mindy A. Mora oversees the case.

Susan D. Lasky, Esq., at Susan D. Lasky, PA, represents the Debtor
as legal counsel.


ENVIVA INC: 2 Former Execs Unable to Dismiss Securities Fraud Suit
------------------------------------------------------------------
Martina Barash of Bloomberg Law reports that Enviva Inc. investors
sufficiently alleged that certain statements about contract terms
and manufacturing operations were misleading, allowing parts of
their proposed securities class action to move forward, a federal
judge in Maryland ruled.

U.S. District Judge Matthew J. Maddox dismissed other challenged
statements in the complaint against five former executives,
including three former chief executive officers, the company's
former chief financial officer, and its former chief accounting
officer. However, claims against former CEO Thomas Meth and former
CFO Shai Even will proceed under the court's decision, which was
issued Monday, December 29, 2025, the report states.

Bethesda, Maryland-based Enviva manufactured wood pellets used as
fuel by utility companies in Europe and Asia. The lawsuit centers
on disclosures made before the company's financial deterioration
and eventual bankruptcy filing, the report relays.

                      About Enviva Inc.

Headquartered in Bethesda, Md., Enviva Inc. --
https://www.envivabiomass.com -- is a producer of industrial wood
pellets, a renewable and sustainable energy source produced by
aggregating a natural resource, wood fiber, and processing it into
a transportable form, wood pellets. Enviva exports its wood
pellets
to global markets through its deep-water marine terminals at the
Port of Chesapeake, Virginia, the Port of Wilmington, North
Carolina, and the Port of Pascagoula, Mississippi, and from
third-party deep-water marine terminals in Savannah, Georgia,
Mobile, Alabama, and Panama City, Florida.

Enviva Inc. and certain affiliates sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Lead Case No.
24-10453) on March 13, 2024. In the petition signed by Glenn T.
Nunziata, interim chief executive officer and chief financial
officer, Enviva Inc. disclosed $2,893,581,000 in assets and
$2,631,263,000 in liabilities.

Judge Brian F. Kenney oversees the cases.

The Debtors tapped Vinson & Elkins, LLP as general bankruptcy
counsel; Kutak Rock, LLP as local counsel; Lazard Freres & Co., LLC
as investment banker; Alvarez & Marsal Holdings, LLC as financial
advisor; and Kurtzman Carson Consultants, LLC as notice and claims
agent.

The U.S. Trustee for Region 4 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Akin Gump Strauss Hauer & Feld, LLP as lead
bankruptcy counsel; Hirschler Fleischer, PC as local counsel;
Ducera Partners, LLC as investment banker; and AlixPartners, LLP as
financial advisor.


ERIC R. HARTMAN: Unsecureds to Split $51,600 over 60 Months
-----------------------------------------------------------
Eric R. Hartman, DC, PLLC, filed with the U.S. Bankruptcy Court for
the Western District of Michigan a Subchapter V Plan dated December
22, 2025.

The Debtor operates a chiropractic and therapeutic massage company
out of the Jenison Michigan area. Services offered by the Debtor
include spinal adjustment, spinal decompression, therapeutic
massage, as well as other assorted but related services.

The principal of Eric R. Hartman, DC, PLLC is Eric R. Hartman. The
principal has operated the business for some twenty years. Eric R.
Hartman is the President and sole member of the PLLC and treats
patients, solicits business, and manages the general operation of
the medical practice.

The Debtor anticipates this Plan to be considered to be a
"Liquidation Plan" rather than a traditional plan of
reorganization. The Debtor anticipates selling the majority of its
physical assets under the terms of this Plan and subsequent Chapter
11, Subchapter V proceedings. The Debtor will turn over liquid
assets (cash collateral) to the sole "all-asset" creditor. The
Debtor's principal will secure individual employment through
another chiropractic office. The Debtor will enter into a
consulting contract on behalf of the PLLC with the same
chiropractic office of which the principal of the Debtor will be
employed.

The Debtor projects that it will receive enough cash over the life
of the Plan to make the required Plan payments based upon its
ability to secure a consulting contract, with Zuidema Chiropractic,
PLLC d/b/a Mission Chiropractic and Health. Debtor's proposed
consulting contract will compensate for any and all payments
proposed under its Consensual Plan. Simply put, Debtor will receive
approximately $1,000.00 a month for services rendered to Mission
Chiropractic in a consulting capacity. These funds will be paid
directly to the Debtor and be used to fund a modest dividend to the
general unsecured class.

Under Debtor's consensual plan, Debtor proposes to sell certain
secured assets which are not necessary for the effective
reorganization of its business; to terminate executory contracts
which are not necessary for the effective reorganization of its
business; to pay all priority and administrative claims in full;
and to pay unsecured, non-priority creditors $51,600.00 on a pro
rata distribution basis over a period of 5 years.

In the event that Debtor's Plan is non-consensual, then the
estimated future administrative costs for attorney's fees and
trustee's fees will substantially increase, which will
significantly reduce Debtor's ability to pay unsecured non priority
claims. Accordingly, Debtor believes that creditors will receive
significantly higher distributions by voting to confirm Debtor's
Plan.

Class 4, Unsecured Non-Priority Claims. The Debtor estimates that
the unsecured non-priority claims in this estate will be
approximately $148,210.00 once estate professional claims and
claims of 503(b)(9) administrative claimants are withdrawn. These
creditors shall be paid a pro rata share of $51,600.00 by monthly
distributions of $860.00 over 60 months. Payments will begin April
1, 2025, and continue on the same dates in successive years with a
final payment. No interest should be paid to claims in this class.

Class 5 consists of the equity interest of Eric R. Hartman. All
interests in the Debtor shall be retained by Mr. Hartman. Class 5
interests are unimpaired and are conclusively deemed to have
accepted this Plan. Therefore, Class 5 interests are not entitled
to vote. Eric R. Hartman waives any claims he may have against the
Debtor for loans made.

Payments required under the Plan will be made from future income
based on Debtor's budget and net profit as projected in Exhibit B
and provided for by the consulting contract.

A full-text copy of the Subchapter V Plan dated December 22, 2025
is available at https://urlcurt.com/u?l=mCcI9a from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Martin L. Rogalski, Esq.
     Martin L. Rogalski, P.C.
     1881 Georgetown Center Drive
     Jenison, MI 49428
     Tel: (616) 457-4410

                    About Eric R. Hartman, DC

Eric R. Hartman, DC, PLLC, operates a chiropractic and therapeutic
massage company out of the Jenison Michigan area.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mich. Case No. 25-02687) on Sept. 22,
2025, listing up to $500,000 in both assets and liabilities. Eric
R. Hartman, president and managing member, signed the petition.

Martin L. Rogalski, Esq., at Martin L. Rogalski, P.C., represents
the Debtor as legal counsel.


EVERGREEN LODGING: Court OKs Hotel Sale to Veer Hospitality
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado has
permitted Evergreen Loding LLC and its affiliate to sell Assets at
auction, free and clear of liens, claims, interests, and
encumbrances.

The Debtors own and operate a hotel under a Best Western Franchise
with an address of 15059 W. Colfax Ave., Golden, Colorado 80401.
The Property is owned by Ephesians and the Hotel is operated by
Evergreen.

Ephesians' assets are primarily comprised of the Property
consisting of the Hotel.

Evergreen's assets are comprised of the personal property assets of
the Hotel, including furniture, fixtures, machinery, signage,
computers, computer equipment, and intellectual property assets
including its Best Western Membership Agreement.

The Assets, including the personal property assets, is subject to
the following secured claims:

a. Property Taxes owed to Jefferson County in the amount of
$331,978.25 for property taxes from 2024 payable in 2025;

b. Withholding and Sales Taxes owed to the Colorado Department of
Revenue in the amount of $88,474.34;

c. Deed of Trust, Fixture Lien, Security Agreement and UCC-1
Financing Statement in favor of High Plains Bank in the amount of
$7,191,120.26, plus accrued interest;

d. Deed of Trust, Security Agreement and UCC-1 Financing Statement
in favor of the Small Business Administration in the amount of
$4,707,000, plus accrued interest; and

e. Pleasant View Water and Sanitation District Assessment Lien in
the amount of approximately $60,022.08 plus accrued interest.

The Court has authorized the Debtor to sell the Property to Veer
Hospitality Golden, LLC as the successful bidder in the purchase
price of $7,600,000.

The legal and factual bases set forth in the Sale Motion and the
record in this case establish a sufficient basis and a reasonable
business purpose and judgment for the Debtors to enter into the
Asset Purchase Agreement and to sell the Assets to the Buyer, such
actions are appropriate exercises of
the Debtors' business judgment and in the best interests of the
Debtors, their creditors and the
Debtors' respective estates.

The Bidding Procedures were substantively and procedurally fair to
all parties and all potential bidders and afforded notice and a
full, fair, and reasonable opportunity for any person or entity to
make a higher or otherwise better offer to purchase the Assets.

The Buyer is unrelated to the Debtors and the APA was negotiated
and has been undertaken by the Debtors and the Buyer at arms'
length without collusion or fraud, and in good faith.

High Plains Bank's consent to the release of its lien is
conditioned solely upon receiving an initial distribution on
account of its secured claim in the amount of $6,800,000.00, less
any verified amounts necessary to satisfy prior liens, closing
costs, property taxes, and other prorations identified in the
Disbursement Statement filed on December 26, 2025.

The transfer of the Assets to the Buyer will be a legal, valid and
effective transfer of the Assets, and shall vest Buyer with all
right, title and interest of the Debtor to the Assets free and
clear of any and all liens, claims, encumbrances and interests.

         About Evergreen Lodging, LLC

Evergreen Lodging LLC, owned by Sean and Susi Keating, is a
Colorado-based hospitality company that operates lodging facilities
and manages a 155-room Days Inn lodging facility in Golden under a
2020 franchise agreement.

Evergreen Lodging LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 25-15542) on August 28,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

Honorable Bankruptcy Judge Joseph G. Rosania Jr. handles the case.

The Debtor is represented by Keri L. Riley, Esq., at Kutner Brinen
Dickey Riley, PC.


FELT & FAT: Court Extends Cash Collateral Access to Jan. 31
-----------------------------------------------------------
Felt and Fat, LLC received third interim approval from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to use
cash collateral.

The court authorized the Debtor to use cash collateral strictly in
accordance with the budget for the period from the petition date
through January 31.

As adequate protection, secured lenders were granted replacement
liens on post-petition assets of the Debtor, with the same
validity, priority and extent as their pre-bankruptcy liens.

In case such protection proves insufficient, the lenders will be
granted superpriority administrative expense claims under Section
507(b).

The lenders include the U.S. Small Business Administration, PIDC
Community Capital, United Bank of Philadelphia, PNC Bank, and
Citizens Bank, N.A. The Debtor also owes non-traditional lenders --
Shopify Capital (owed $106,366) and Wayflyer (owed $258,000) -- on
account of loans that may be secured by liens on its assets.

The order preserves creditors' rights to conduct inspections and
audits of the Debtor's books, records, and collateral upon notice,
and allows lenders and other parties in interest to seek
modifications for cause.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/ZTv3s from PacerMonitor.com.

The next hearing is scheduled for January 21. Objections must be
filed by January 20.

PIDC Community Capital is represented by:

   Louis I. Lipsky, Esq.
   Lipsky and Brandt
   1101 Market Street, Suite 2820
   Philadelphia, PA  19107
   Phone: 215-922-664
   Fax: 215-440-7185

United Bank of Philadelphia is represented by:

   Matthew Lipman, Esq.
   McElroy, Deutsch, Mulvaney & Carpenter, LLP
   1 Penn Center, Suburban Station
   1617 JFK Blvd., Ste. 1500
   Philadelphia, PA 19103
   Phone: (215) 557-2900
   Fax: (215) 557-2990
   mlipman@mdmc-law.com

                       About Felt and Fat LLC

Felt and Fat, LLC is an innovative and collaborative ceramic design
and manufacturing hub that provides manufacturing jobs to its local
community in Kensington, Philadelphia, Pennsylvania.

Felt and Fat sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14162) on October 14,
2025, listing between $100,001 and $500,000 in assets and between
$1 million and $10 million in liabilities.

Judge Patricia M. Mayer presides over the case.

Albert Anthony Ciardi, III, Esq., at Ciardi Ciardi & Astin,
represents the Debtor as legal counsel.


FIRST BRANDS: Creditor Panel Taps Nardello to Analyze Money Flows
-----------------------------------------------------------------
Jonathan Randles of Bloomberg Law reports that creditors of
bankrupt auto parts supplier First Brands have hired the same
investigative firm that examined fraud at FTX to assist in
reviewing the company's off-balance-sheet financing activities.

The unsecured creditors' committee disclosed in a Wednesday filing
that it retained Nardello & Co. to analyze money flows related to
factoring and other financing arrangements. Court documents show
the firm was engaged on December 1, 2025 and is also probing
accounts and corporate entities linked to founder Patrick James and
other insiders.

                   About First Brands Group, LLC

Rochester Hills, Mich.-based First Brands Group, LLC is a global
supplier of aftermarket automotive parts.

On September 24, 2025, the Company's non-operational special
purpose entities, Global Assets LLC, Global Lease Assets Holdings,
LLC, Carnaby Capital Holdings, LLC, Broad Street Financial
Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II,
LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III,
LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC,
Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and
Starlight Inventory Holdings I, LLC each filed a voluntary petition
for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S.
Bankruptcy Court for the Southern District of Texas.

Commencing on September 28, 2025, First Brands Group, LLC and 98
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the Southern District of Texas. In its petition, First Brands
Group listed $1 billion to $10 billion in estimated assets and $10
billion to $50 billion in estimated liabilities.

The cases are pending before the Hon. Christopher M. Lopez, and are
jointly administered under Case No. 25-90399, and consolidated for
procedural purposes only.

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

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

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


GBI SERVICES: Hires Cassel Salpeter & Co. as Investment Banker
--------------------------------------------------------------
GBI Services, LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Cassel
Salpeter & Co., LLC to serve as investment banker.

The firm will provide these services:

(a) General Advisory Services, including reviewing and analyzing
the Debtors' business, operations, and financial projections;
attending meetings of the Board of Managers of the Debtors and any
committee or sub-committee thereof with respect to matters on which
Cassel Salpeter has been engaged; and providing testimony, as
necessary, with respect to matters on which Cassel Salpeter has
been engaged in any proceeding before the Court;

(b) Sale Transaction Services, including assisting in preparation
of materials describing the Debtors' industry, business strategy,
business and management; identifying and evaluating candidates for
potential Sale Transactions; coordinating and assisting management
in hosting presentations and diligence calls; evaluating
transaction proposals and providing guidance on valuation,
structure, and terms; advising regarding possible affiliations with
strategic partners; and advising regarding divestitures of
non-strategic assets;

(c) Financing Services, including assisting in securing or
shopping for any DIP Financing; identifying and introducing
prospective financial investors, senior lenders, and strategic
corporate investors; evaluating financing proposals and providing
guidance on structure and valuation; assisting in discussions or
negotiations of any financing; and assisting in closing any
financing as deemed appropriate;

(d) Restructuring Services, including advising on tactics and
strategies for negotiations with stakeholders; rendering financial
advice and participating in meetings or negotiations with
stakeholders; working with other professionals to develop a
comprehensive financial restructuring program and plan of
reorganization; advising on timing, nature, and terms of new
securities or other inducements; and assisting in preparing
documentation within Cassel Salpeter's area of expertise required
in connection with any restructuring.

Compensation for Cassel Salpeter includes:

- A non-refundable monthly cash fee of $100,000;

- Sale Transaction Fee equal to the greater of $850,000 or 4% of
the Sale Consideration;

- Financing Fee of 4% of the Financing Consideration for equity
and 2% of the Financing Consideration for debt (1% if debt
financing is with a related party or existing lender);

- Restructuring Fee of $850,000;

- Reimbursement of all reasonable and documented out-of-pocket
expenses.

Cassel Salpeter is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached at:

Philip Cassel, Managing Director
CASSEL SALPETER & CO., LLC
801 Brickell Avenue, Suite 1900
Miami, FL 33131

                                 About GBI Services/Nicklaus
Companies

GBI Services, LLC's affiliate 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. Nicklaus 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.

GBI Services and its affiliates including Nicklaus sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead
Case No. 25-12089) on November 21, 2025. In its petition, GBI
Services, the lead debtor, 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 the law firms of Richards, Layton &
Finger, P.A. and Weil Gotshal & Manges LLP.  Alvarez & Marsal North
America, LLC serves as financial and restructuring advisor while
Cassel Salpeter & Co serves as investment banker. Epiq Corporate
Restructuring, LLC is the claims and noticing agent.


GBI SERVICES: Hires Weil Gotshal & Manges LLP as Legal Counsel
--------------------------------------------------------------
GBI Services, LLC and its subsidiaries seek approval from the U.S.
Bankruptcy Court for the District of Delaware to retain and employ
Weil, Gotshal & Manges LLP as their attorneys.

The firm will provide these services:

   (a) take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on behalf of the
Debtors, defending actions commenced against the Debtors,
negotiating disputes, and preparing objections to claims;

   (b) prepare on behalf of the Debtors, as debtors in possession,
all necessary motions, applications, answers, orders, reports, and
other papers in connection with the administration of the Debtors'
estates;

   (c) take all necessary actions in connection with the Debtors'
postpetition restructuring process, any Chapter 11 plan and related
disclosure statement, and related documents;

   (d) take all necessary actions to protect and preserve the value
of the Debtors' estates; and

   (e) perform all other necessary legal services in connection
with the prosecution of these Chapter 11 cases, subject to further
court order.

Weil's current customary hourly rates, subject to change from time
to time, were $1,725 to $2,575 for partners and counsel; $890 to
$1,560 for associates; and $375 to $630 for paraprofessionals.

During the 90 days prior to the petition date, Weil received
payments and advances totaling $1,550,000, and as of the petition
date held a remaining credit balance of $377,615.50 as a fee
advance.

Weil, Gotshal & Manges LLP is a "disinterested person" within the
meaning of section 101(14) of the Bankruptcy Code, as modified by
section 1107(b), according to court filings.

The firm can be reached at:

    David J. Cohen, Esq.
    WEIL, GOTSHAL & MANGES LLP
    1395 Brickell Avenue, Suite 1200
    Miami, FL 33131
    Telephone: (305) 577-3100
    Email: davidj.cohen@weil.com

         - and -

    Ronit J. Berkovich, Esq.
    Daphne S. Papadatos, Esq.
    WEIL, GOTSHAL & MANGES LLP
    767 Fifth Avenue
    New York, NY 10153
    Telephone: (212) 310-8000
    Email: ronit.berkovich@weil.com
           daphne.papadatos@weil.com

                             About GBI Services/Nicklaus Companies

GBI Services, LLC's affiliate 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. Nicklaus 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.

GBI Services and its affiliates including Nicklaus sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead
Case No. 25-12089) on November 21, 2025. In its petition,
GBI\Services, the lead debtor, 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 the law firms of Richards, Layton &
Finger, P.A. and Weil Gotshal & Manges LLP.  Alvarez & Marsal North
America, LLC serves as financial and restructuring advisor while
Cassel Salpeter & Co serves as investment banker. Epiq Corporate
Restructuring, LLC is the claims and noticing agent.


GBI SERVICES: Retains Richards Layton & Finger as Co-Counsel
------------------------------------------------------------
GBI Services, LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to retain Richards,
Layton & Finger, P.A. as co-counsel.

The firm will provide these services:

   (a) assisting in preparing necessary petitions, motions,
applications, orders, reports, and papers necessary or desirable to
commence the Debtors' chapter 11 cases;

   (b) advising the Debtors of their rights, powers, and duties as
debtors and debtors in possession under chapter 11 of the
Bankruptcy Code;

   (c) preparing on behalf of the Debtors motions, applications,
answers, orders, reports, and papers in connection with the
administration of the Debtors' estates;

  (d) taking action to protect and preserve the Debtors' estates,
including the prosecution of actions on the Debtors' behalf, the
defense of actions commenced against the Debtors in their chapter
11 cases, the negotiation of disputes in which the Debtors are
involved, and the preparation of objections to claims filed against
the Debtors;

   (e) assisting with any sale or sales of assets, including
preparing any necessary motions, purchase agreements and papers
related thereto;

   (f) assisting in preparing the Debtors' disclosure statement and
any related motions, pleadings, or other documents necessary to
solicit votes on the Debtors' plan;

   (g) assisting in preparing the plan;

   (h) prosecuting on behalf of the Debtors the proposed plan and
seeking approval of all transactions contemplated therein and in
any amendments thereto; and

   (i) performing other necessary or desirable legal services in
connection with the Debtors' chapter 11 cases, including
representation in connection with the Investigation.

The Debtors propose to pay Richards, Layton & Finger, P.A. its
customary hourly rates, which are expected to range from $1,175 to
$1,525 per hour for directors, $1,000 to $1,100 per hour for
counsel, $575 to $950 per hour for associates, and $425 to $475 per
hour for paraprofessionals.

According to court filings, Richards, Layton & Finger, P.A. is a
"disinterested person" within the meaning of section 101(14) of the
Bankruptcy Code and does not hold or represent an interest adverse
to the Debtors' estates.

The professionals leading the engagement can be reached at:

   Michael J. Merchant, Esq.
   Zachary I. Shapiro, Esq.
   James F. McCauley, Esq.
   Alexander R. Steiger, Esq.
   RICHARDS, LAYTON & FINGER, P.A.
   920 North King Street
   Wilmington, DE 19801
   Telephone: 302-651-7700
   E-mail: merchant@rlf.com
        shapiro@rlf.com
        mccauley@rlf.com
        steiger@rlf.com

                                          About GBI
Services/Nicklaus Companies

GBI Services, LLC's affiliate 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. Nicklaus 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.

GBI Services and its affiliates including Nicklaus sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead
Case No. 25-12089) on November 21, 2025. In its petition, GBI
Services, the lead debtor, 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 the law firms of Richards, Layton &
Finger, P.A. and Weil Gotshal & Manges LLP.  Alvarez & Marsal North
America, LLC serves as financial and restructuring advisor while
Cassel Salpeter & Co serves as investment banker. Epiq Corporate
Restructuring, LLC is the claims and noticing agent.


HILMORE LLC: Amends Shellpoint Secured Claim Pay
------------------------------------------------
Hilmore LLC submitted a Second Amended Disclosure Statement in
support of Plan of Reorganization dated December 23, 2025.

This is a reorganization plan. In other words, the Proponent seeks
to accomplish payments under the Plan with family contributions to
the Proponent.

The Debtor sought bankruptcy protection after receiving a notice of
default from NewRez, LLC. Debtor has since reached a Plan Treatment
Stipulation regarding the secured claim that has been filed by
Shellpoint, the terms of which are included in this Amended
Disclosure Statement and Plan and attached to and incorporated into
the Plan.

In addition, Debtor intends to clear title to the Hilgard Property
by challenging and removing the disputed second and fourth deeds of
trust and their corresponding liens, thereby further resolving
issues affecting the property.

The Debtor will maintain its Hilgard Property and service all
mortgage payments and expenses related to the property. Exhibit C
provides a summary of the current monthly projected 5-year cash
flow of Debtor for the duration of the Plan. The Plan payments will
come from contributions to Debtor. The projections reflect a
positive future outlook for Debtor.

Class 1 Stipulation Re: Non-Material Modification to Plan for
Treatment of Creditor's Claim. On November 25, 2025, Debtor
executed a document titled "Stipulation re: Non Material
Modification to Plan for Treatment of Creditor's Claim" ("Plan
Treatment Stipulation") which was offered by Shellpoint and
accepted by Debtor, and the agreed upon. treatment of this claim is
contained in the Plan.

While the plan treatment agreement is provided in detail in the
Plan, the main terms of the agreed plan treatment are summarized as
follows:

     * Secured Claim. Shellpoint (its successors or assigns) shall
have an allowed, fully secured claim in the unpaid principal amount
of $3,544,752.47. The interest bearing portion of the unpaid
principal balance shall be $3,430,797.82, which shall accrue
interest over a period of 344 months in accordance with the
following scheduled rates of interest: 1) 2.5% per annum for a
period of 60 months (December 1, 2025 to November 1, 2030); and 2)
3.5% per annum for a period of 284 months (December 1, 2030 to July
1, 2054) The remaining non-interest bearing portion of the unpaid
principal balance, of $113,954.65, shall be due and payable upon
either the sale/refinancing of the Property, or the maturity date
of July 1, 2054 as a balloon payment ("Secured Claim").

     * Contractual Payments on the Secured Claim. Debtor shall
tender regular monthly principal and interest payments to
Shellpoint for the Secured Claim in the amount of $13,980.20, plus
an escrow portion, commencing December 1, 2025 and continuing on
the first day of each month thereafter for a period of 59 months.
On December 1, 2030, the monthly payment of principal and interest
shall adjust to $15,522.11, plus an escrow portion, and continue on
the first day of each month thereafter until July 1, 2054 when all
outstanding amounts owed on the Secured Claim, including any
outstanding escrow amounts and/or charges as required per the terms
and provisions of this Stipulation and/or the Note and Deed of
Trust, must be paid in full.

     * Account Escrowed for Property Taxes and Insurance. Debtor
agrees the Loan shall remain escrowed/impounded for property taxes
and insurance. The amount of the current escrow payment is
$3,334.79, and this amount shall be tendered to Shellpoint along
with the principal and interest payment, commencing December 1,
2025. Debtor understands this escrow payment is subject to change
and adjustment per any updated escrow analysis provided by
Creditor.

Like in the prior iteration of the Plan, each member of Class 5
General Unsecured Claims shall be paid 100% of its claim over five
years in equal monthly installments, due on the first day of each
calendar month, without interest, starting on the Effective Date.
The percentage is fixed: this Plan is a commitment to pay this
percentage regardless of future revenues, expenses, or the total
allowed claims. If Debtor is unable to pay this percentage then
that will be a default under this Plan. The allowed unsecured
claims total $33,149.55.

The plan will be funded by the ongoing capital contributions by the
Javidzad Sons and other family. Evidence of Debtor's financial
solvency is demonstrated by Debtor's current assets, Debtor's
current monthly and projected 5-year profit and loss statements.

A full-text copy of the Second Amended Disclosure Statement dated
December 23, 2025 is available at https://urlcurt.com/u?l=74eG7s
from PacerMonitor.com at no charge.

General Bankruptcy Counsel for Hilmore, LLC:

     Sheila Esmaili, Esq.
     LAW OFFICES OF SHEILA ESMAILI
     10940 Wilshire Blvd., Suite 1600
     Los Angeles, California 90024
     T: 310.734.8209 | F: 877.738.6220
     E: selaw@bankruptcyhelpla.com
     W: www.bankruptcyhelpla.com

                        About Hilmore LLC

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

Hilmore LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. C.D. Cal. Case No.: 25-10481) on Jan. 22, 2025.  In
its petition, the Debtor estimated assets and liabilities between
$1 million and $10 million each.

The Debtor is represented by Raymond H. Aver, at LAW OFFICES OF
RAYMOND H. AVER.


HPC VINEBURN: Claims to be Paid from Rental Income & Contribution
-----------------------------------------------------------------
HPC Vineburn, LLC, filed with the U.S. Bankruptcy Court for the
Central District of California a Disclosure Statement describing
Plan of Reorganization dated December 22, 2025.

The Debtor is a California limited liability company formed for the
purpose of acquiring, owning and leasing out the Vineburn Property,
and holding it for appreciation for the benefit of its investor
members.

The Debtor is owned indirectly by Mr. Jeffrey Seltzer (roughly 36%)
and by 35 other investor members, most of whom own less than three
percent (3%) of the equity in the Debtor. The Debtor is managed by
Highpoint Vineburn LLC, a single-purpose LLC which is itself owned
and managed by Jeffrey Seltzer.

The Plan contemplates the reorganization of Debtor's financial
affairs and the repayment of all creditors' Allowed Claims over
time. In sum, the Plan has the following structure:

     * The Plan is a "toggle" plan, which provides, with respect to
each class of creditors, alternate treatments depending on certain
choices given by the Code to certain creditors, and in some cases
at the Debtor's discretion.

     * In all potential alternatives, unclassified claims such as
administrative claims and pre-petition priority claims will be paid
in full pursuant to the requirements of the Code.

     * The Allowed, Secured Claim of John Hancock Life Insurance
Company will be placed in Class One and will be paid in full in
either of the Debtor's alternative treatments.

     * The Allowed, Secured Claim of judgment creditors Joseph
Farivar Investment Group, Inc. ("FIG") and Bordan Shoe Company
("Bordan"; collectively, "Judgment Creditors") will be placed in
Class Two and paid over seven years with interest. In the event of
an uncured default, the post-confirmation, post-Effective Date
Debtor (the "Reorganized Debtor") will elect to either permit the
Judgment Creditors to exercise their non-bankruptcy rights and
remedies against the Vineburn Property or sell the Vineburn
Property and pay the proceeds, net of costs, taxes and senior
claims, to Judgment Creditors in full satisfaction of their
Allowed, Secured Claim.

     * General Unsecured Claims will be placed in Class Three and
paid in full within 180 days after the Effective Date, unless
Judgment Creditors do not elect to be treated as fully secured, in
which case Class Three will be paid over a period of seven years,
tracking payments to Class Two.

     * Equity Interests will be placed in Class Four. Class Four
Equity Interests will be canceled. New Class Four Equity Interests
will be issued to investors in proportion to their contributions to
the Reorganized Debtor following the Effective Date, pursuant to an
equity auction to take place in the Bankruptcy Court within 120
days of the Effective Date of the Plan ("Equity Auction"). Only
Class Four Equity Interest holders will be allowed to participate
in this Equity Auction.

     * The sources of payments to Creditors under the Plan include
monetization of equity in the Debtor's Real Property (by way of a
Sale or Refinance), utilization of Debtor’s Cash, as reflected in
the Financial Projections, new value contributions from the Equity
Auction, and additional capital investments over time by Equity
Interest Holders in the Reorganized Debtor.

Class 3 consists of General Unsecured Claims. The allowed unsecured
claims total $13,452,911.91. In the event the Judgment Creditors
elect to be treated as fully secured, then Reorganized Debtor shall
pay a total of $452,911.91 in full satisfaction of Allowed General
Unsecured Class 3 Claims. This amount will be paid on or before 180
days after the Effective Date, and will include interest accruing
at the federal judgment rate in effect on the Effective Date.

In the event the Judgment Creditors do not elect to be treated as
fully secured, the Reorganized Debtor shall pay the Class Three
Claims in full over seven years, with interest accruing at the
federal judgment rate in effect on the Effective Date. The payment
schedule for Class Three shall equal the Payment Schedule for Class
Two, multiplied by the extent to which the aggregate amount of
Allowed Class Three claims exceeds the aggregate amount of Allowed
Class Two claims.

In either event, Class 3 Claims will be paid in full, other than
the claim of MMP. The unsecured claim of MMP, the prior owner of
the Vineburn Property and Debtor’s co-debtor on the Judgment, in
the amount of $13,000,000 consists entirely of an indemnity claim
against the Debtor in connection with any amounts paid by MMP to
Judgment Creditors. To date, no amounts have been paid by MMP to
the Judgment Creditors. MMP's claim is a contingent, unliquidated
claim and subject to disallowance. Moreover, because MMP's claim is
based on indemnity, all amounts paid by Debtor under the Plan to
Judgment Creditors will reduce MMP's claim on a dollar-for dollar
basis.

Class 4 consists of Equity Interests. Existing Equity Interests
will be canceled. Class 4 is therefore deemed to reject the Plan.
New Equity Interests will be issued to investors who contribute
cash to the Reorganized Debtor in direct proportion to the amount
of cash contributed. Such contributions shall be made pursuant to
an "Equity Auction" to be held in the Bankruptcy Court within 120
days of the Effective Date. The Equity Auction shall be open only
to existing, pre-confirmation equity interest holders whose
interests will have been canceled hereunder.

Proponent proposes to implement and consummate the Plan through the
means contemplated by Sections 1123 of the Bankruptcy Code, and
pursuant to all otherwise applicable laws, orders and regulations.

Funding for the Plan will come in part from the Rents generated by
the Vineburn Property. The base monthly Rent for the Vineburn
Property is $84,064.49, with monthly recoverables (taxes and
insurance) of $15,847.98, for total Rents of $99,912.47. Monthly
debt service (John Hancock) amounts to $30,852.29, leaving roughly
$54,000 per month for operating and other expenses.

Because these amounts are insufficient to cover payments required
under the Plan, the vast bulk of the funding for the Plan will come
from capital contributions to be raised by way of the Equity
Auction and as needed to fund periodic Plan Payments to Creditors
and/or into the Reserve Fund. Jeffrey Seltzer, manager and sole
member of the Debtor's manager Highpoint Vineburn and equity
interest holder Highpoint Capital, has pledged to contribute
amounts sufficient to cover Plan Payments.

Mr. Seltzer has sufficient personal net worth to fund the Plan
Payments. Debtor also reserves any right it may have to utilize, or
to petition Insurers to utilize, Restricted Assets in furtherance
of the Debtor's obligations under the Plan.

A full-text copy of the Disclosure Statement dated December 22,
2025 is available at https://urlcurt.com/u?l=vugS0D from
PacerMonitor.com at no charge.

HPC Vineburn, LLC is represented by:

     Michael B. Reynolds, Esq.
     Andrew B. Still, Esq.
     Allison C. Murray, Esq.
     SNELL & WILMER L.L.P.
     600 Anton Boulevard, Suite 1400
     Costa Mesa, CA 92626-7689
     Telephone: (714) 427-7000
     E-mail: mreynolds@swlaw.com

                         About HPC Vineburn, LLC

HPC Vineburn LLC is a single asset real estate entity as defined
under 11 U.S.C. Section 101(51B), with its principal assets located
at 1919 Vineburn Avenue in Los Angeles, California.  The Company's
operations focus primarily on managing and holding this real estate
asset.

HPC Vineburn LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11455) on Aug. 8,
2025.  In its petition, the Debtor estimated assets between $1
million and $10 million and estimated liabilities between $10
million and $50 million.

Honorable Bankruptcy Judge Martin R. Barash handles the case.

The Debtor is represented by Michael B. Reynolds, Esq. at SNELL &
WILMER L.L.P.


HUDSON 1701/1706: Manhattan Landlord Wants Bankruptcy Case Tossed
-----------------------------------------------------------------
James Nani of Bloomberg Law reports that the landlord for the
ownership group behind the Hudson Hotel in Manhattan is seeking to
have the debtor's Chapter 11 case thrown out or forced into
liquidation, according to court filings.

356W58 Ground Lessor LLC argued in a motion unsealed December 26,
2025 that Hudson 1701/1706 LLC improperly turned to bankruptcy as a
tactic to sidestep a construction deadline related to the planned
redevelopment of the Hell's Kitchen site, now pending before the
U.S. Bankruptcy Court for the District of Delaware, the report
states.

                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.


HUXHOLD BODYWORKS: Seeks Chapter 11 Bankruptcy in Indiana
---------------------------------------------------------
On December 29, 2025, Huxhold Bodyworks, LLC, filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Southern District
of Indiana. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.

                About Huxhold Bodyworks, LLC

Huxhold Bodyworks, LLC is a limited liability company.

Huxhold Bodyworks, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 25-07786) on December 29, 2025. In
its petition, the Debtor reports estimated assets of $0 to $100,000
and estimated liabilities in the range of $100,001 to $1,000,000.

Honorable Bankruptcy Judge James M. Carr handles the case.

The Debtor is represented by Eric C. Welch, of Welch, Gregg &
Company, LLC.


INTERCHANGE LOGISTICS: Seeks Subchapter V Bankruptcy in New Jersey
------------------------------------------------------------------
On December 14, 2025, Interchange Logistics, LLC filed for Chapter
11 protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the debtor reports $1,652,891
in debt owed to between 1 and 49 creditors.

              About Interchange Logistics, LLC

Interchange Logistics, LLC provides interstate freight
transportation services in the United States, operating as an
asset-based motor carrier with company-owned tractors and
trailers.

Interchange Logistics, LLC filed its voluntary petition for relief
under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr.
D.N.J. Case No. 25-23199) on December 14, 2025, listing $209,265 in
assets and $1,652,891 in liabilities. The petition was signed by
Zeb M. Campagna as managing member.

Judge Andrew B Altenburg Jr presides over the case.

Daniel Reinganum, Esq., at LAW OFFICES OF DANIEL REINGANUM,
represents the Debtor as counsel.


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

                      About Intertraderone LLC

Intertraderone, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-23754) on November
20, 2025, listing up to $1 million in estimated assets and up to
$500,000 in estimated liabilities.

Judge Mindy A. Mora oversees the case.

Brian K. McMahon, PA represents the Debtor as legal counsel.


IRONMEN REALTY: Section 341(a) Meeting of Creditors on January 28
-----------------------------------------------------------------
On December 18, 2025, Ironmen Realty Company, LLC filed for Chapter
11 protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the debtor reports between $1
million and $10 million in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on January
28, 2026 at 10:00 AM at Telephonic.

                About Ironmen Realty Company, LLC

Ironmen Realty Company, LLC operates in the real estate sector,
focusing on property ownership, leasing, and management. The
company manages real estate assets and related operations.

Ironmen Realty Company, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23344) on December
18, 2025. In its petition, the debtor reports estimated assets in
the range of $1 million to $10 million and estimated liabilities
between $1 million and $10 million.

The Honorable John K. Sherwood handles the case.

The debtor is represented by Mark Politan, Esq. of Politan Law,
LLC.


JULIAN CHARTER SCHOOL: S&P Affirms 'B+' LT Rating on Revenue Bonds
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' long-term rating on the
California Municipal Finance Authority's series 2015A charter
school revenue bonds, issued for Julian Charter School.

The outlook is stable.

S&P Global Sustainable1 data shows that San Diego and Riverside
counties, relative to other locations nationally, face elevated
exposure to seismic activity and wildfire risks. S&P said, "In our
view, based on Julian’s locations, the elevated exposure to
seismic risk could pose challenges to infrastructure, which may
become material to our view of creditworthiness. However, we
believe that strong state building codes partly mitigate this risk.
Although the region is exposed to elevated wildfire risks, in our
view, Julian’s insurance coverage policy for climate-related
events partly mitigates these risks by providing additional
protection against the physical risk exposure. Consequently, we
consider the physical risk exposure neutral in our credit rating
analysis."

S&P also consider social and governance factors neutral in its
credit analysis.

S&P said, "The stable outlook reflects our expectation that Julian
will maintain a steady enrollment and demand profile. We expect the
school will successfully meet funding determination requirements,
although this could result in financial metrics' being depressed in
the near term. Furthermore, we expect Julian to successfully renew
four of its campuses in 2026 and execute a smooth management
transition.

"We could lower the rating if Julian is unsuccessful in obtaining a
full renewal of funding when undergoing funding determination in
fiscal 2026, which could lead to operations posting subsequent
operating deficits. We could also lower the rating if Julian is
unable to increase liquidity as expected, or if the school has
ongoing bond covenant violations which could result in bondholder
action or acceleration.

"We could consider a positive rating action during the outlook
period if Julian can strengthen operating performance such that
lease-adjusted maximum annual debt service coverage and days' cash
on hand become comparable with those of its higher-rated peers,
while maintaining stable enrollment and demand and successfully
executing on its executive director transition."



KAHN PROPERTY: Hires Hidalgo Williams Blueprint as Advisor
----------------------------------------------------------
Kahn Property Owner, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire Hidalgo Williams
Blueprint Solutions LLC as financial advisor.

The firm will provide these services:

   (a) analyzing the Debtor's overall financial information and
condition;

   (b) preparing forecasts, cash budgets, and identifying
opportunities for the Debtor to maximize cash flow;

   (c) negotiating with various parties including any secured
lender or other creditors;

   (d) assisting the Debtor with the implementation of a plan of
reorganization; and

   (e) performing all other financial advisory services for the
Debtor that may be necessary in connection with this Chapter 11
case and the Debtor's attempts to reorganize its affairs under the
Bankruptcy Code.

The hourly billing rate of Timothy Williams, managing director of
HWB, is $600 per hour. In the event an associate is utilized, the
hourly rate will not exceed $300 per hour.

Hidalgo Williams Blueprint Solutions LLC is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code, according to court filings.

The firm can be reached at:

   Timothy Williams
   Hidalgo Williams Blueprint Solutions LLC
   3057 Brower Avenue
   Oceanside, NY 11572

                                         About Kahn Property Owner,
LLC

Kahn Property Owner, LLC owns a 22-acre estate at 135 West Gate
Drive in Huntington, New York, located in the Gold Coast region of
Long Island. The property includes Oheka Castle & Resort, a
historic mansion that operates as a restaurant and catering venue
hosting weddings, private parties, corporate functions, and other
events. Kahn Property holds the real estate, while the Oheka Castle
business is operated separately.

Kahn Property Owner, LLC in Huntington, NY, sought relief under
Chapter 11 of the Bankruptcy Code filed its voluntary petition for
Chapter 11 protection (Bankr. E.D.N.Y. Case No. 25-72946) on July
31, 2025, listing $92,813,057 in assets and $63,508,319 in
liabilities. Kahn Associates LLC, the Debtor's member, signed the
petition.

Judge Louis A Scarcella oversees the case.

LAMONICA HERBST & MANISCALCO, LLP serve as the Debtor's legal
counsel.


KCAP VILLA: Gets Interim OK to Use Cash Collateral
--------------------------------------------------
KCAP Villa Gardens, LLC received interim approval from the U.S.
Bankruptcy Court for the Northern District of Texas, Fort Worth
Division, to use cash collateral to fund operations.

The Debtor's cash collateral consists of rents and income generated
by its apartment community property in Dallas, Texas.

Under the interim order, the Debtor is allowed to use cash
collateral solely for ordinary operating expenses, with a 15%
variance per line item. Any excess spending requires written
consent from secured creditor, Fannie Mae, or further court
approval.

Fannie Mae holds a first-priority lien on the property and its
rents, securing approximately $13.4 million in pre-bankruptcy debt.
Although the Debtor reserves the right to later challenge certain
defaults or amounts owed, it agrees that the rental income
constitutes Fannie Mae's cash collateral.

Fannie Mae will be provided with adequate protection, which
includes monthly payments of $126,000, post-petition replacement
liens on new assets and income, and a superpriority administrative
claim if the protection proves insufficient. The Debtor must also
maintain full replacement-value insurance and provide regular
financial and operational reporting. Failure to comply can result
in immediate termination of cash collateral rights after notice and
cure.

The final hearing is set for January 8.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/CQqfd from PacerMonitor.com.

                About KCAP Villa Gardens LLC

KCAP Villa Gardens LLC is a single-asset real estate company that
owns a multifamily apartment complex located at 2730 Fyke Road in
Dallas, Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44520) on November
19, 2025. In the petition signed by Tie Lasater, chief executive
officer, the Debtor disclosed up to $50 million in both assets and
liabilities.

Judge Mark X Mullin oversees the case.

Jeff Carruth, Esq., at Condon Tobin Sladek Sparks Nerenberg, PLLC,
represents the Debtor as legal counsel.


KID FRIENDLY: Unsecureds Will Get $21,600 over 36 Months
--------------------------------------------------------
Kid Friendly Academy LLC filed with the U.S. Bankruptcy Court for
the Northern District of Ohio a Plan of Reorganization dated
December 22, 2025.

The Debtor is an Ohio limited liability that was organized under
the laws of the State of Ohio in 2018 and began operations in 2021.


The Debtor provides day care services for children at its three
northeast Ohio business locations in Northfield, Willowick and
South Euclid. Isreal Spain is the President and Sole Member of the
Debtor. On the Petition Date, the Debtor had a workforce of
twenty-five employees.

The Debtor's first location opened in Willowick in 2021. After
enrollment ballooned to over 100 children in less than six months,
the Debtor opened a second location in Northfield in 2022, and its
third location in South Euclid in 2023. Unfortunately, the Debtors
rapid growth was shortly followed by decreased enrollment causing
the Debtor to fall behind on its obligations, including those to
its commercial landlords, which ultimately caused the Debtor to
turn to merchant cash advance lenders ("MCA's") for financing.

To meet its obligations, the Debtor turned to MCA lenders to
maintain cash flow, and ultimately one MCA lender after another in
an effort to stay afloat given the Debtor's inability to obtain
traditional financing. Demands from the MCA lenders and the threat
of interruption of its operations forced the Debtor to turn to
Chapter 11.

This Plan of Reorganization under chapter 11 of the Bankruptcy Code
proposes to pay creditors of the Debtor from the Debtor's projected
disposable income.

Class 2 consists of General Unsecured Claims. This Class consists
of the Claims of Creditors, including undersecured creditors. The
Debtor believes that there are 20 holders of unsecured claims who
have approximately $687,542.91 in claims as of the Petition Date.

Creditors in Class 2, including undersecured creditors, are owed
$687,542.91 as of the Petition Date. The claims of some creditors
in Class 2 are purportedly secured by the accounts receivable or
other property of the Debtor. Because AFH Funding will not be paid
in full, there is no value securing the claim of any other
creditors with those debts therefore being deemed as General
Unsecured Claims. The Debtor shall pay Class 2 claimants a total
sum of $21,600.00, in equal semi-annual payments over the course of
thirty-six months, beginning July 1, 2025. The claims of any Class
2 creditors that asserted security interests in the Debtor's assets
shall be cancelled and released upon the confirmation of this
Plan.

Class 3 consists of the outstanding membership interests in the
Debtor, all of which are owned by Isreal Spain. Upon the Effective
Date, Isreal Spain will retain his membership interests in KFA.

The Debtor shall make plan payments from ordinary income of the
business.

Upon the Effective Date of the Plan, or upon court approval, Debtor
shall make payment in full of approved administrative expense
claims, or pursuant to terms otherwise agreed to by professionals.

Upon the Effective Date of the Plan, Debtor shall make payments on
the unclassified priority tax claims not later than five years
after the Petition Date.

The Debtor shall make payments to Class 1 claimant AFH Funding, LLC
on the secured portion of its claim in the approximate monthly
amount of $1,906.94, at 0.00% interest, commencing on the Effective
Date, in full satisfaction of the secured claim.

The Debtor shall pay the holders of Class 2 claims the total sum of
$21,600.00, pro rata, in equal quarterly installments for a period
of thirty-six months, beginning July 1, 2026.

A full-text copy of the Plan of Reorganization dated December 22,
2025 is available at https://urlcurt.com/u?l=Vnszjj from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Peter G. Tsarnas, Esq.
     GERTZ & ROSEN, LTD.
     159 S. Main Street, Suite 400
     Akron, OH 44308
     Telephone: (330) 255-0735
     Facsimile: (330) 932-2367
     E-mail: ptsarnas@gertzrosen.com

                    About Kid Friendly Academy

Kid Friendly Academy, LLC, provides day care services for children
at its three northeast Ohio business locations in Northfield,
Willowick and South Euclid.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-51632) on Sept. 22,
2025, with $50,001 to $100,000 in assets and $500,001 to $1 million
in liabilities.

Judge Alan M. Koschik presides over the case.

Peter G. Tsarnas, Esq., at Gertz & Rosen, Ltd., is the Debtor's
legal counsel.


LANDERS DEVELOPMENT: To Sell Benton Property for $1.23MM
--------------------------------------------------------
Landers Development, LLC, seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Arkansas, Little Rock Division,
to sell real property located at 6718 & 6720 Alcoa Rd. Benton, AR
72015, free and clear of liens, claims, interests, and
encumbrances.

The Debtor has entered into a Purchase and Sale Agreement with
Buyers to sell the Property for $1,230,000.00, with an expected
closing date of February 15, 2026.

The Property is encumbered by a mortgage in favor of Partners Bank.


The Property was listed and marketed through a licensed real estate
broker.

Debtor requests authority to pay the following customary
commissions at closing:

-- Listing Broker: $49,200.00
-- Buyer's Realtor: $49,200.00

The sale is an arm's-length transaction, represents the highest and
best offer available, and is in the best interest of the estate.
The proceeds will reduce secured debt, cover ordinary closing
expenses, and support Debtor's plan.

      About Landers Development LLC

Landers Development, LLC, a company in Benton, Arkansas, provides
residential and commercial construction services, including home
building and housing development, primarily within the state.

Landers Development sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Ark. Case No. 25-13827) on October 31,
2025. In the petition signed by Nick Landers, member, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Phyllis M. Jones oversees the case.

Jennifer Lancaster, Esq., at Lancaster & Lancaster Law Firm,
represents the Debtor as bankruptcy counsel.


LINQTO TEXAS: Judge Extends Customer's Plan Cease-and-Desist Order
------------------------------------------------------------------
James Nani of Bloomberg Law reports that the bankruptcy judge
overseeing Linqto Texas LLC's Chapter 11 case extended a
cease-and-desist order against a customer accused of circulating an
unauthorized reorganization plan for the failed fintech company.

At a hearing Tuesday, December 30, 2025, in the U.S. Bankruptcy
Court for the Southern District of Texas, Judge Alfredo Perez
rejected customer Rob Cunningham's argument that he merely shared
— and did not draft — the unapproved plan. Perez said the
distribution of the proposal nonetheless constituted a "clear
violation" of bankruptcy law.

Under the Bankruptcy Code, debtors are granted an exclusive period
to propose their own Chapter 11 plan, during which competing or
unauthorized plans are prohibited.

                About Linqto Inc.

Linqto Inc. is a San Jose-based financial technology company
operating in the alternative investment space.

Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The
case is jointly administered with the Chapter 11 cases of Linqto
Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares
Manager, LLC under case number 25-90186. In its petition, Linqto
Inc. reported estimated assets and liabilities between $500 million
and $1 billion.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as
legal counsel; Breakpoint Partners, LLC as restructuring advisor;
ThroughCo Communications, LLC as public relations agent; and Epiq
Corporate Restructuring, LLC as claims agent.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Orrick, Herrington & Sutcliffe, LLP.


LITTLE BEAR: Saloon Owners Settle Suit, Avoids Receivership
-----------------------------------------------------------
Justin Wingerter of The Denver Post reports that an ownership
dispute involving the Little Bear Saloon in Evergreen has been
settled outside of court, sparing the well-known establishment from
a potential receivership. The resolution ends a legal conflict that
had threatened the operation of the historic music venue.

The parties reached an agreement before the court could decide
whether to appoint a receiver to oversee the business. The
settlement allows the saloon to remain under its current ownership
and avoids prolonged litigation that could have affected daily
operations.

                About Little Bear Saloon Holdings

Little Bear Saloon Holdings is a limited liability company that
managed Little Bear Saloon.


LUGANO DIAMONDS: Committee Hires Force Ten Partners as Advisor
--------------------------------------------------------------
The Official Committee of Unsecured Creditors seeks approval from
the U.S. Bankruptcy Court for the District of Delaware to hire
Force Ten Partners, LLC and its affiliates to serve as financial
advisor.

Force 10 will provide these services:

(a) review and analyze the Debtors' financial information,
including cash flow projections, budgets, cash receipts and
disbursement analysis, asset and liability analysis, economic
analysis of proposed transactions requiring Court approval, and
other related financial materials;

(b) analyze debtor-in-possession financing arrangements;

(c) assist in reviewing reports or filings required by the
Bankruptcy Court or the U.S. Trustee (e.g., schedules of assets and
liabilities, statements of financial affairs, initial and monthly
operating reports);

(d) evaluate potential employee incentive, retention, and
severance plans;

(e) identify potential cost-containment opportunities;

(f) evaluate reorganization strategies and alternatives available
to creditors;

(g) evaluate proposed asset sales;

(h) review and analyze the Debtors' capital structure;

(i) review and analyze the Debtors' financial and transactional
relationships, including those involving affiliates or other
related parties;

(j) review and/or prepare information and analyses necessary for
plan confirmation;

(k) evaluate and analyze avoidance actions, including fraudulent
transfers, preferential transfers, and other actions;

(l) advise and assist the Committee in negotiations and meetings
with the Debtors, potential buyers, secured lenders, the U.S.
Trustee, other stakeholders, and their professionals;

(m) attend meetings, teleconferences, and depositions on behalf of
the Committee;

(n) assist in prosecuting Committee responses/objections to the
Debtors' motions, including providing expert reports/testimony as
required;

(o) assist with claims-resolution procedures, including analyses
of creditors' claims by type, entity, and associated recoveries;

(p) provide litigation consulting services and expert witness
testimony on confirmation issues, avoidance actions, or other
relevant matters; and

(q) perform other general business consulting or related financial
advisory functions, as requested by the Committee or its counsel,
provided these services are consistent with the role of a financial
advisor.

Force 10 seeks to be compensated on an hourly fee basis, plus
reimbursement of actual and necessary expenses incurred. The
customary hourly rates for the professionals expected to work on
these cases are:

    PROFESSIONAL                         RATE RANGE
--   Partners                           $895 - $995
--   Managing Directors and Directors   $595 - $795
--   Managers, Senior Associates,
       Associates, and Analysts         $395 - $595
  --  Staff                              $295 - $395

Force 10 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:

   Force Ten Partners, LLC
   5271 California Ave., Suite 270
   Irvine, CA 92617
   Telephone: (949) 357-2360
   E-mail: contact@force10partners.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.


LUGANO DIAMONDS: Committee Hires Pachulski Stang Ziehl as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Lugano Diamonds &
Jewelry Inc. and its affiliates seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Pachulski
Stang Ziehl & Jones LLP as counsel.

The firm will provide these services:

   (a) assisting, advising, and representing the Committee in its
consultations with the Debtors regarding the administration of the
Chapter 11 Cases;

   (b) assisting, advising, and representing the Committee with
respect to the Debtors' retention of professionals and advisors
with respect to the Debtors' business and the Chapter 11 Cases;

   c) assisting, advising, and representing the Committee in
analyzing the Debtors' assets and liabilities, investigating the
extent and validity of liens, and participating in and reviewing
any proposed asset sales, asset dispositions, financing
arrangements, and cash collateral stipulations or proceedings;

   (d) assisting, advising, and representing the Committee in any
manner relevant to reviewing and determining the Debtors' rights
and obligations under leases and other executory contracts;

   (e) assisting, advising, and representing the Committee in
investigating the acts, conduct, assets, liabilities, and financial
condition of the Debtors, the Debtors' operations, and the
desirability of the continuance of any portion of those operations,
and any other matters relevant to the Chapter 11 Cases or to the
formulation of a plan;

   (f) assisting, advising, and representing the Committee in
connection with any sale of the Debtors' assets;

   (g) assisting, advising, and representing the Committee in its
participation in the negotiation, formulation, or objection to any
plan of liquidation or reorganization;

   (h) assisting, advising, and representing the Committee in
understanding its powers and duties under the Bankruptcy Code and
the Bankruptcy Rules and in performing other services as are in the
interests of those represented by the Committee;

   (i) assisting, advising, and representing the Committee in the
evaluation of claims and on any litigation matters, including
avoidance actions;

   (j) assisting, advising, and representing the Committee in
investigating all possible claims potentially owned by the estates;
and

   (k) providing any other necessary services to the Committee in
the Chapter 11 Cases.

The firm's current standard hourly rates range from $1,150 to
$2,350 for partners, $1,050 to $1,850 for of counsel, $725 to
$1,225 for associates, and $595 to $650 for paraprofessionals.

According to court filings, Pachulski Stang Ziehl & Jones LLP does
not hold or represent any interest adverse to the Committee or the
Debtors' estates and is a disinterested person within the meaning
of the Bankruptcy Code.

The firm can be reached at:

  Pachulski Stang Ziehl & Jones LLP
  919 North Market Street, 17th Floor
  Wilmington, DE 19801
  Telephone: (302) 652-4100
  E-mail: joneill@pszjlaw.com
          ecorma@pszjlaw.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.


LUMIERE ESTATES: Seeks Chapter 11 Bankruptcy in California
----------------------------------------------------------
On December 23, 2025, Lumiere Estates LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Central District of
California. According to court filings, the debtor reports between
$10 million and $50 million in debt owed to between 1 and 49
creditors.

             About Lumiere Estates LLC

Lumiere Estates LLC is a California-based limited liability company
that owns residential properties at 1000 North Bundy Dr., Los
Angeles, CA 90049; 15207 Whitfield Ave., and 1545 Umeo Rd, Pacific
Palisades, operating in the real estate ownership and property
management sector.

Lumiere Estates LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-12402) on December
23, 2025. In its petition, the debtor reports estimated assets in
the range of $10 million to $50 million and estimated liabilities
in the same range.

The Honorable Martin R. Barash handles the case.

The debtor is represented by Matthew D. Resnik, Esq. of RHM Law
LLP.


LUMINAR TECHNOLOGIES: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of Luminar
Technologies Inc. and its affiliates.

The committee members are:

   1. U.S. Bank Trust Company, National
      Association, as Indenture Trustee
      Jocelyn Jerin & Justin Shearer
      60 Livingston Ave
      St. Paul, MN 55107
      (651) 466-5089
      jocelyn.jerin@usbank.com
      justin.shearer@usbank.com

      Counsel:
      Kimberly Cohen
      Kathleen LaManna
      Anthony Scarcella
      Shipman & Goodwin LLP
      One Constitution Plaza
      Hartford, CT 06103-1919
      (860) 251-5804
      (860) 251-5603
      (860) 251-5143
      kcohen@goodwin.com
      klamanna@goodwin.com
      ascarcella@goodwin.com

   2. Fujian Hitronics Technologies, Inc.
      Owen Wu, Sales Director
      No. 1-1 Nanbian Road, Minhou
      Fuzhou, China 350100
      +1-530-400-9744
      owen.wu@hi-tronics.com

   3. Applied Intuition, Inc.
      Alexander Moser, Legal Counsel
      860 West California Avenue
      Sunnyvale, CA 94086
      (858) 245-0770
      as.moser@applied.co

      Counsel:
      Fred Stevens
      Klestadt Winters Jureller Southard & Stevens, LLP
      200 West 41st Street, 17th Floor
      New York, NY 10028
      (212) 679-5342
      fstevens@klestadt.com

   4. Optera TPK Holding Pte., Ltd. and
      TPK Precision Hong Kong Co., Ltd.
      Kailun Wang
      Chiawei Chang
      No. 13-18, Sec.6, Min-Quan E. Road
      Neihu Dist., Taipei 114, Taiwan
      +886-2-6619-1166
      kailun.wang@tpk.com
      Gavin.Chang@tpk.com

      Counsel:
      Chad J. Husnick, P.C.
      Kirkland & Ellis, LLP
      333 West Wolf Point Plaza
      Chicago, IL 60654
      (312) 862-2009
      chad.husnick@kirkland.com

   5. Workday, Inc.
      Joel Smith
      6110 Stoneridge Mall Road
      Pleasanton, CA 94588
      801.513.7895
      j.smith@workday.com

      Counsel:
      Brad Cosman
      Perkins Coie LLP
      2525 E. Camelback Rd., Suite 500
      Phoenix, AZ 85016
      602.351.8205
      bcosman@perkinscoie.com

   6. STEER Tech LLC
      Anuja Sonalker, CEO
      10840 Guilford Rd, Suite 401-402
      Annapolis Junction, MD 20701
      240-787-8000
      anuja@steer-tech.com

   7. Alidade Discovery Lakes, II, LLC
      Matt Roslin
      40900 Woodward Avenue, Suite 250
      Bloomfield Hills, MI 48304-5119
      (248) 593-7878
      roslin@alidadecapital.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                  About Luminar Technologies Inc.

Luminar Technologies, Inc. is an automotive lidar manufacturer in
Orlando, Florida.

Luminar Technologies and affiliates sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
25-90808) on December 15, 2025. In its petition, Luminar reported
estimated assets between $100 million and $500 million and
estimated liabilities between $500 million and $1 billion.

Judge Christopher M. Lopez oversees the cases.

Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie
Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company
engaged Jefferies LLC, as investment banking advisers, and Portage
Point Partners, LLC's Triple P TRS, LLC as restructuring advisor
and interim management service provider. Omni Agent Solutions, Inc.
serves as the claims and noticing agent.

Quantum Computing Inc., the proposed buyer for the Debtors' assets,
is represented by Wilson Sonsini Goodrich & Rosati Professional
Corporation.

Ropes & Gray, LLP, serves as legal advisors and Ducera Partners
LLC, acts as investment banker for the holders of Floating Rate
Senior Secured Notes due 2028; 9.0% Convertible Second Lien Senior
Secured Notes due 2030 -- Series 1 Notes -- and 11.5% Convertible
Second Lien Senior Secured Notes due 2030 -- Series 2 Notes.  GLAS
Trust Company LLC, serves as Trustee and Collateral Agent for both
the 1L and 2L Notes.


MARELLI AUTOMOTIVE: Retains Ankura Consulting Group as CRO
----------------------------------------------------------
Marelli Automotive Lighting USA LLC and its affiliates seek
approval from the U.S. Bankruptcy Court for the District of
Delaware to retain Ankura Consulting Group, LLC and to designate
Philip J. Gund as chief restructuring officer.

Mr. Gund will assist the Debtors with their reorganization efforts
and the administration of their chapter 11 cases. Ankura, through
Mr. Gund and additional personnel, will further provide these
services:

(a) assist the Company and its professionals on all aspects of the
Company's restructuring efforts;

(b) assist the Company and its professionals with respect to the
ongoing analysis of all prepetition liabilities;

(c) assist the Company and its professionals with respect to
efforts to obtain DIP financing and exit financing, obtain approval
of a disclosure statement, and confirmation of a Chapter 11 plan of
reorganization;

(d) assist the Company and its professionals in engaging with
stakeholders; and

(e) perform such other professional services as may be requested by
the Company and agreed to by Ankura.

Under the terms of the engagement, Ankura will be paid a
nonrefundable fee of $250,000 per month for Mr. Gund to serve as
Chief Restructuring Officer. Additional personnel will be
compensated at Ankura's customary hourly billing rates, which
currently range as follows: Senior Managing Director $1,300 to
$1,455; Managing Director $1,075 to $1,205; Senior Director $885 to
$1,020; Director $740 to $850; Senior Associate $605 to $680;
Associate $495 to $560; and Paraprofessionals $380 to $440. Ankura
will also be reimbursed for actual, reasonable, documented
out-of-pocket expenses.

According to court filings, Ankura has no connection with the
Debtors, their creditors, other parties in interest, or the U.S.
Trustee, and does not hold any interest adverse to the Debtors'
estates.

The firm can be reached at:

Philip J. Gund
Ankura Consulting Group, LLC
485 Lexington Avenue, 10th Floor
New York, NY 10017
Telephone: (212) 818-1555
Facsimile: (212) 818-1551

                                About Marelli Automotive Lighting
USA

Marelli Automotive Lighting USA, LLC is a global automotive parts
supplier based in Saitama, Japan. The company designs and
manufactures advanced technologies for leading automakers,
including lighting systems, electronic components, software
solutions, and interior products. Operating in 24 countries with a
workforce of over 46,000, Marelli also collaborates with
motorsports teams and industry partners on high-performance
component development.

Marelli and its affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11034) on
June 11. 2025. In its petition, Marelli reported between $1 billion
and $10 billion in assets and liabilities.

Judge Craig T. Goldblatt handles the cases.

The Debtors are represented by Kirkland & Ellis LLP, Kirkland &
Ellis International LLP, and Pachulski Stang Ziehl & Jones LLP.
Alvarez & Marsal North America, LLC is the Debtors' restructuring
advisor. PJT Partners Inc. is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, doing business as Verita Global,
is the Debtors' notice and claims agent.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Paul Hastings, LLP and Morris James, LLP as legal
counsel and FTI Consulting, Inc. as its financial advisor.



MARINE WHOLESALE: Gets Extension to Access Cash Collateral
----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division granted the motion by Marine Wholesale and
Warehouse, Co., to use cash collateral on an interim basis.

The Debtor was authorized to use cash collateral until July 26; the
conversion or dismissal of the Debtor's Chapter 11 case, or the
effective date of a Chapter 11 plan. All spending must comply with
a court-approved budget, subject to a 10% variance per line item
and in the aggregate. Any request to extend cash collateral use
beyond July 26, 2026 must be made by separate motion on regular
notice.

As adequate protection, all secured creditors with perfected
interests in cash collateral are granted replacement liens on the
Debtor's post-petition assets, excluding avoidance action
recoveries, with the same priority and validity as their
prepetition liens. This ensures creditors are protected against any
diminution in collateral value during the interim period.

The Debtor will continue its monthly payments of $731 to the U.S.
Small Business Administration per their pre-petition agreement.

The Alcohol and Tobacco Tax and Trade Bureau (TTB) may continue to
hold without penalty approximately $213,699.30 that was levied
pre-bankruptcy, pending further court orders.

                 About Marine Wholesale and Warehouse Co.

Marine Wholesale and Warehouse Co. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-13785)
on July 12, 2022. In the petition signed by Jennifer Hartry, vice
president and secretary, the Debtor disclosed up to $50 million in
both assets and liabilities.

Judge Sheri Bluebond oversees the case.

David R. Haberbush, Esq., at Haberbush, LLP is the Debtor's
counsel.


MAY JACKSON: June 16 Governmental Claims Bar Date
-------------------------------------------------
On December 18, 2025, May Jackson LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the debtor reports between $10
million and $50 million in debt owed to between 1 and 49
creditors.

Government proof of claim submission deadline is on June 16, 2026.

                 About May Jackson LLC

May Jackson LLC is a single asset real estate company.

May Jackson LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 25-23369) on December 18,
2025. In its petition, the debtor reports estimated assets in the
range of $10 million to $50 million and estimated liabilities
between $10 million and $50 million.

The Honorable Michael B. Kaplan handles the case.

The debtor is represented by Geoffrey P. Neumann, Esq. of Broege,
Neumann, Fischer & Shaver, LLC.


MILAN SAI: Court OKs Stanton Property Sale to 11 11 IDM for $2MM
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, has permitted to Milan Sai Joint Venture LLC to
sell Property, free and clear of liens, claims, interests, and
encumbrances.

The Debtor owns the real property and improvements thereon located
at 3432 I10, Stanton, Texas 79728. The property is currently under
Purchase and Sale Agreement with 11 11 IDM Investments LLC.

The Court has authorized the Debtor to sell the Property to 11 11
IDM Investments LLC for $2,000,000.

The sale of the property shall be free and clear of all liens,
claims and encumbrances. Such liens, claims and encumbrances to
attach to the proceeds of sale in the order of priority they
attached to the real property.

The reasonable and necessary closing costs shall be paid at
closing. The balance shall be paid to Gregory S. Milligan, Receiver
for Pride of Austin High Yield Fund I, LLC.

The sale approved does not include the Franchise Agreement between
Super 8 Worldwide Inc. (SWI) and the Debtor or any rights and the
Franchise Agreement will be rejected under 11 U.S.C. 365 and
terminated as of closing.

The Buyer's ability to continue operations as Super 8 branded
facility is conditioned on it reaching an appropriate agreement
with SWI.

In the absence of an agreement between the Buyer and Super 8
Worldwide Inc. for continued-post closing operations, the property
will be de-identified from its appearance as a Super 8® facility
prior to closing and SWI shall be entitled to a general unsecured
claim for its liquidated damages calculated in accordance with the
Franchise Agreement.

      About  Milan Sai Joint Venture LLC

Milan Sai Joint Venture, LLC operates in the traveler accommodation
industry.

Milan Sai Joint Venture sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 24-33560) on
November 4, 2024, with up to $10 million in both assets and
liabilities. Sunil Kumar Patel, managing member, signed the
petition.

Judge Michelle V. Larson oversees the case.

Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC is
the
Debtor's bankruptcy counsel.


MJS MATERIALS: Gets Interim OK to Use Cash Collateral Until Jan. 27
-------------------------------------------------------------------
MJS Materials, Inc. received second interim approval from the U.S.
Bankruptcy Court for the Southern District of Florida to use cash
collateral through January 27, 2026.

The court found the relief necessary to maintain business
operations and protect the value of the bankruptcy estate while the
Debtor reorganizes under Chapter 11 Subchapter V.

In its interim order, the court authorized the Debtor to use cash
to pay ordinary business expenses pursuant to an approved budget,
subject to a 10% variance. A carveout was approved for court fees
and professional fees, including Subchapter V trustee and counsel
fees.

The Debtor projects total operational expenses of $820,755 for
January.

The order granted adequate protection to secured creditors,
including monthly payments of $7,000 to CIT Bank, N.A. and
continued maintenance and insurance on secured vehicles and
equipment. Certain lenders may inspect collateral and may seek
relief if the Debtor defaults.

The Debtor is not allowed to make monthly payments to other secured
creditors including Commercial Equipment Finance International,
LLC, Wells Fargo Equipment Finance, Inc. and Amur Equipment
Finance, Inc. without further order of the court.

The next hearing is scheduled for January 27.

The court order is available at https://shorturl.at/Igi3C from
PacerMonitor.com.

                     About MJS Materials Inc.

MJS Materials, Inc. is a Florida-based business offering aggregate
hauling and logistics solutions for the construction, land
development, and infrastructure sectors.

MJS Materials sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21971) on
October 10, 2025. In its petition, the Debtor reported up to
$50,000 in assets and liabilities.

Honorable Bankruptcy Judge Mindy A. Mora handles the case.

The Debtor is represented by Matthew S. Kish, Esq.


MONTANA HOLDING: Section 341(a) Meeting of Creditors on January 28
------------------------------------------------------------------
On December 18, 2025, Montana Holding Company, LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of New Jersey. According to court filings, the debtor reports
between $1 million and $10 million in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on January
28, 2026 at 10:00 AM at Telephonic.

          About Montana Holding Company, LLC

Montana Holding Company, LLC is a single asset real estate
company.

Montana Holding Company, LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23343) on December
18, 2025. In its petition, the debtor reports estimated assets in
the range of $1 million to $10 million and estimated liabilities
between $1 million and $10 million.

The Honorable John K. Sherwood handles the case.

The debtor is represented by Mark Politan, Esq. of Politan Law,
LLC.


MOTOS AMERICA: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Motos America, Inc.
           f/d/b/a Weconnect Tech International, Inc.
        1415 South 700 West, #WH07
        Salt Lake City, UT 84104

Business Description: Motos America, Inc., based in Salt Lake
                      City, Utah, operates a network of motorcycle
                      dealerships in the United States,
                      specializing in the sale, service, and
                      financing of new and used motorcycles from
                      brands including BMW, Ducati, and Triumph.
                      The Company also provides parts,
                      accessories, and maintenance services
                      through its dealerships and serves as a
                      consolidator in the powersports retail
                      sector.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       District of Utah

Case No.: 25-27834

Judge: Hon. Peggy Hunt

Debtor's Counsel: Russell S. Walker, Esq.
                  PEARSON BUTLER PLLC
                  1802 West South Jordan Parkway
                  Suite 200
                  South Jordan, UT 84095
                  Tel: 801-495-4104
                  E-mail: russellw@pearsonbutler.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Vance Harrison as president and CEO.

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

https://www.pacermonitor.com/view/VT4JBWA/Motos_America_Inc__utbke-25-27834__0002.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/VXX37DY/Motos_America_Inc__utbke-25-27834__0001.0.pdf?mcid=tGE4TAMA


MOUNT ACADIA: Section 341(a) Meeting of Creditors on January 28
---------------------------------------------------------------
On December 23, 2025, Mount Acadia Senior Properties LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the Southern
District of California. According to court filings, the debtor
reports between $10 million and $50 million in debt owed to between
50 and 99 creditors.

A meeting of creditors under Section 341(a) to be held on January
28, 2026 at 09:00 AM To access telephonic 341 meeting, call
888-330-1716 and enter passcode 1657991# when prompted (usta).

         About Mount Acadia Senior Properties LLC

Mount Acadia Senior Properties LLC is a single-asset real estate
company that owns one income-producing property.

Mount Acadia Senior Properties LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 25-05308) on
December 23, 2025. In its petition, the debtor reports estimated
assets in the range of $10 million to $50 million and estimated
liabilities in the same range.

The Honorable J. Barrett Marum handles the case.

The debtor is represented by Garrick A. Hollander, Esq. of Winthrop
Golubow Hollander, LLP.


NOVI STUDIO: Case Summary & 13 Unsecured Creditors
--------------------------------------------------
Debtor: Novi Studio Inc
          d/b/a Sohomod.com
        2813 Shell Rd Apt 2
        Brooklyn, NY 11223

Business Description: Novi Studio Inc d/b/a Sohomod.com is a New
                      York City–based furniture retailer
offering
                      living, dining, bedroom, outdoor, office,
                      kids, decor, rugs, fireplaces and bathroom
                      products.  Established in February 2009, the
                      Company operates an e-commerce platform and
                      support team of furniture specialists
                      serving residential and office customers
                      with warehousing and delivery from its
                      facility in Elizabeth, New Jersey.

Chapter 11 Petition Date: December 30, 2025

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 25-46194

Judge: Hon. Jil Mazer-Marino

Debtor's Counsel: Alla Kachan, Esq.
                  LAW OFFICES OF ALLA KACHAN, P.C.
                  2799 Coney Island Avenue, Suite 202
                  Brooklyn, NY 11235
                  Tel: (718) 513-3145
                  Fax: (347) 342-3156
                  E-mail: alla@kachanlaw.com

Total Assets: $54,648

Total Liabilities: $1,015,537

The petition was signed by Vadzim Pautau as president.

A full-text copy of the petition, which includes a list of the
Debtor's 13 unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/PXTRIUI/Novi_Studio_Inc__nyebke-25-46194__0001.0.pdf?mcid=tGE4TAMA


OFFSHORE SAILING: Yacht Molds Sale to Reardon & Tartan Yachts OK'd
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Ft.
Myers Division, has granted Offshore Sailing School Ltd. Inc. to
sell Property, free and clear of liens, claims, interests, and
encumbrances.

he Debtor is a Florida limited liability company which previously
owned and operated a sailing school. The School is no longer
operating, and the Debtor intends to file a liquidating plan. The
Debtor is a debtor who's aggregate noncontingent liquidated debts
(excluding debts owed to insiders or affiliates) are less than
$3,424,000.00 and which has chosen to proceed under Subchapter V of
Chapter 11 of the Bankruptcy Code.

The Debtor intends to liquidate the Debtor's assets, which consist
in large part of sailboats, sailboat related equipment and
intellectual property and websites, including a certain molds used
in producing Colgate 26 sailboats, as well as the Offshore Sailing
School website. The molds are large, specialized
fiberglass hull and deck forms located in Ohio at Tartan Yachts.

The Court has authorized the Debtor to sell certain large,
specialized fiberglass hull and deck forms or molds used in
manufacturing Colgate 26 sailboats and a certain Colgate 26 website
currently hosted on WP Engine to Michael Reardon and Tartan Yachts,
LLC for a cash price of $30,000.

The net proceeds of the sale shall be deposited and held in the
special debtor-in-possession account at Wells Fargo Bank that
requires the signature Debtor's counsel.

The Debtor is authorized to pay from the proceeds of the sale any
governmental charges or taxes associated with the sale.

The Debtor's attorney shall then file a Notice of Distribution from
the Special Account of $15,000.00 to the Debtor for deposit in the
DIP Account. The Notice of Distribution shall itemize the expenses
the Debtor proposes to pay with the proceeds.

Absent objection from the Subchapter V Trustee or US Trustee within
5 calendar days from the date of the Notice of Distribution, The
Debtor's attorney shall be authorized to distribute $15,000.00 to
the Debtor for deposit into the DIP Account.

      About Offshore Sailing School

Offshore Sailing School Ltd. Inc. is a provider of sailing and
powerboating instruction in the U.S., offering certification
courses in cruising, passage making, and racing. It also conducts
team-building sailing activities and organizes flotilla vacations
for certified sailors. With over 60 years of experience, the school
operates in Florida and the British Virgin Islands under the
leadership of Steve and Doris Colgate.

Offshore Sailing School Ltd. Inc. sought relief under Subchapter V
of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case
No. 25-00921) on May 21, 2025. In its petition, the Debtor reports
total assets as of Feb. 28, 2025 amounting to $611,760 and total
liabilities as of Feb. 28, 2025 totaling $2,277,797.

The Debtor is represented by Leon Williamson, Esq. at Williamson
Law Firm.


OWL VENICE: Seeks Cash Collateral Access
----------------------------------------
OWL Venice LLC asks the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division, for authority to use
cash collateral and provide adequate protection.

The Debtor, a wellness brand selling gut health products primarily
online, requests court authorization to use existing and future
cash collateral according to the budget, with some flexibility to
exceed line items by up to 15–20% (total overage capped at 10% of
the budget). The Debtor asserts that secured creditors, including
Northeast Bank, will be adequately protected through replacement
liens and regular reporting.

OWL Venice explains that while sales fluctuated—partly due to a
marketing vendor turnover—revenues have been recovering, with
December collections already exceeding $112,000, and anticipate
further holiday sales. The Debtor emphasizes that continued
operations will generate income to pay secured claims and
potentially provide dividends to unsecured creditors, preserving
and maximizing estate assets.

The Debtor argues that using cash collateral is essential to
maintain business operations, support reorganization efforts, and
protect creditor interests. The Debtor attaches a detailed budget
for operations starting January 12, 2026, demonstrating positive
historical and projected earnings. Without access to cash
collateral, the Debtor warns that operations would cease, revenue
would stop, and the estate would suffer irreparable harm.

A hearing on the matter is set for January 7, at 11 a.m.

A copy of the motion is available at https://urlcurt.com/u?l=nXoog5
from PacerMonitor.com.

                         About OWL Venice LLC

OWL Venice LLC, doing business as OWL Venice, offers handcrafted
broth elixirs, organic skincare products, and multi-day gut health
cleanse programs across Los Angeles County. It also provides health
coaching as an additional wellness service.

OWL Venice sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-16451) on July
29, 2025. In its petition, the Debtor reported up to $50,000 in
assets and between $1 million and $10 million in liabilities.

Honorable Bankruptcy Judge Sheri Bluebond handles the case.

The Debtor is represented by Giovanni Orantes, Esq., at The Orantes
Law Firm, A.P.C.




PALMAS ATHLETIC: Court OKs Continued Cash Collateral Access
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico approved
a stipulation between Palmas Athletic Club Corp and UBS Trust
Company of Puerto Rico regarding the use of cash collateral.

The parties agreed to extend a previously approved stipulation
regarding the use of cash collateral and adequate protection.
Palmas Athletic Club filed for Chapter 11 bankruptcy on August 4,
2025, and has been operating as a debtor-in-possession. On August
18, 2025, the Debtor and Bond Trustee submitted an emergency
stipulation to use cash collateral, which the court approved on
August 25, 2025. A prior extension was granted on October 29, 2025,
to continue the stipulation until January 1, with monthly adequate
protection payments increased to $80,000.

Under the new stipulation, the parties agreed to extend the use of
cash collateral through March 31 and maintain the $80,000 monthly
protection payments. All other terms remain unchanged. Both parties
continue to reserve their rights, claims, and defenses under the
original stipulation, and the Bond Trustee specifically reserves
rights concerning any potential defaults by the Debtor.

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

                       About Palmas Athletic Club Corp.

Palmas Athletic Club Corp. owns and operates a 420-acre
recreational property within Palmas Del Mar Resort in Humacao,
Puerto Rico.  The site includes two 18-hole golf courses, a
22,200-square-foot clubhouse, a 5,600-square-foot beach clubhouse,
and related facilities.

Palmas Athletic Club Corp. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-03489) on Aug. 4,
2025.  In its petition, the Debtor reports total assets
of$16,793,944 and total liabilities of $36,514,983.

The Debtor tapped Charles A. Cuprill Hernandez, at Charles A.
Cuprill, PSC, Law Offices, as counsel; and CPA Luis R. Carrasquillo
& Co., PSC, as financial consultant.

UBS Trust Company of Puerto Rico, as Bond Trustee, is represented
by Marini Pietrantoni Muniz LLC.


PARTY CITY: Court Lets Investor Fraud Claims Continue
-----------------------------------------------------
Martina Barash of Bloomberg Law reports that a federal court has
cleared the way for Party City Holdco Inc. investors to pursue
securities fraud claims against two ex-executives over disclosures
that allegedly painted an inaccurate picture of the company’s
finances.

Judge Julien Xavier Neals said the proposed class action adequately
alleges that a September 2022 SEC filing falsely claimed Party City
had sufficient funds to cover its liquidity needs for the coming
year, 2026. The ruling, issued Monday, December 29, 2025, denied
the former executives' request to throw out the case.

                About Party City Holdco

Party City Holdco Inc. (NYSE: PRTY) is the global leader in the
celebrations' industry, with its offerings spanning more than 70
countries around the world. It is also the largest designer,
manufacturer, distributor, and retailer of party goods in North
America. Party City Holdco had 761 company-owned stores as of
September 2022. It is headquartered in Woodcliff Lake, N.J. with
additional locations throughout the Americas and Asia.

Party City Holdco and its domestic subsidiaries sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas
Lead Case No. 23-90005).  As of Sept. 30, 2022, Party City Holdco
had total assets of $2,869,248,000 against total debt of
$3,022,960,000.

Judge David R. Jones oversees the cases.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison, LLP,
as legal counsel; Moelis & Company, LLC as investment banker;
AlixPartners, LLP as financial advisor; A&G Realty Partners as real
estate advisor; and Kroll as the claims agent.
PricewaterhouseCoopers LLP (PwC) provides accounting and valuation
advisory services, tax-related services, and internal audit
Sarbanes-Oxley Act support services.

Davis Polk & Wardwell, LLP and Lazard serve as legal counsel and
investment banker, respectively, to the ad hoc group of first lien
holders.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases. The
committee is represented by Pachulski Stang Ziehl & Jones, LLP.


PH BEAUTY: S&P Withdraws 'B-' Issuer Credit Rating
--------------------------------------------------
S&P Global Ratings withdrew its 'B-' issuer credit rating on pH
Beauty Holdings I Inc. at the issuer's request. The outlook was
stable at the time of the withdrawal. S&P also withdrew its 'B-'
issue-level rating and '3' (55%) recovery rating on the company's
senior secured debt.



PINE GATE: Selects Nofar's $285MM Cash Offer for Chapter 11 Sale
----------------------------------------------------------------
James Nani of Bloomberg Law reports that Pine Gate Renewables has
selected a $285 million all-cash bid from a subsidiary of Nofar
Energy to acquire a substantial portion of the company's solar and
battery storage assets through its bankruptcy process.

In a notice filed Tuesday, December 30, 2025, in the U.S.
Bankruptcy Court for the Southern District of Texas, Pine Gate said
the offer from Nofar USA Energy Investments and Management LLC was
chosen over a stalking-horse bid submitted by secured lender Summit
Infrastructure LLC, an investment fund managed by Carlyle Global
Credit Investment Management LLC.

Summit was designated as the backup bidder in the event the Nofar
transaction does not close. The proposed sale remains subject to
approval by the bankruptcy court.

                About Pine Gate Renewables, LLC

Pine Gate Renewables, LLC develops, finances, constructs, and
operates renewable energy projects across the United States.
Founded in 2016, the Company manages an operational portfolio of
more than two gigawatts of solar and storage assets and maintains a
development pipeline exceeding 30 gigawatts. It has arranged and
secured roughly $10 billion in project financing and capital
investment and, through its wholly owned subsidiary ACT Power
Services, provides operations and maintenance support for over
seven gigawatts of third-party solar and storage facilities.

Pine Gate Renewables sought relief under Chapter 11 of the U.S.
Bankruptcy Code  (Bankr. S.D. Tex. Case No. 25-90669) on November
6, 2025. In the petition signed by Ray Shem as president and chief
financial officer, the Debtor disclosed estimated assets on a
consolidated basis of $1 billion to $10 billion and estimated
liabilities on a consolidated basis of $1 billion to $10 billion.

One hundred nineteen affiliates that concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                        Case No.
    ------                                        --------
    Pine Gate Renewables, LLC (Lead Case)         25-90669
    BF Dev Holdco Pledgor, LLC                    25-90691
    BF Dev Holdco, LLC                            25-90694
    Blue Northern Power, LLC                      25-90697
    Blue Ridge Power Holding Company, LLC         25-90703
    Blue Ridge Power, LLC                         25-90707
    Blue Ridge Solar, LLC                         25-90713
    BRP Construction, Inc.                        25-00008
    BRP HBC Guarantor, LLC                        25-00009
    BRP HBC Holdco, LLC                           25-00010
    Cascade Dev Holdco, LLC                       25-00011
    Cascade NTP Holdco, LLC                       25-00012
    Cascade Pledgor, LLC                          25-00013
    Catalina Solar Borrower, LLC                  25-00014
    Catalina Solar Holdings, LLC                  25-00015
    FP 2021 Dev Holdco, LLC                       25-00016
    GA Solar 5, LLC                               25-00017
    GH Pledge Borrower, LLC                       25-00018
    Grande Holdco Borrower II, LLC                25-00019
    Grande Holdco Borrower, LLC                   25-00020
    Grande Holdco, LLC                            25-00021
    Limewood Bell Renewables LLC                  25-00022
    Lotus Solar, LLC                              25-00023
    Magnolia Solar Development LLC                25-00024
    NPA 2023 Holdco, LLC                          25-90671
    NPA PGR Blocker Holdco, LLC                   25-90673
    NPA Polaris DevCo Holdco, LLC                 25-90675
    NPA Polaris DevCo Pledgor, LLC                25-90678
    NPA Polaris OpCo Holdco, LLC                  25-90682
    Old Hayneville Solar, LLC                     25-00030
    PG Dev Carver Holdco, LLC                     25-90686
    PGC Solar Holdings Holdco I, LLC              25-90698
    PGC Solar Holdings Holdco II, LLC             25-90702
    PGC Solar Holdings I Managing Member, LLC     25-90705
    PGC Solar Holdings I, LLC                     25-90708
    PGR 2020 Lessor 7, LLC                        25-90711
    PGR 2021 Fund 13, LLC                         25-00037
    PGR 2021 Fund 17, LLC                         25-00038
    PGR 2021 Fund 18, LLC                         25-00039
    PGR 2021 Fund 4, LLC                          25-00040
    PGR 2021 Fund 9, LLC                          25-00041
    PGR 2021 Holdco 11, LLC                       25-00042
    PGR 2021 Holdco 12, LLC                       25-00043
    PGR 2021 Holdco 13, LLC                       25-00044
    PGR 2021 Holdco 15, LLC                       25-00045
    PGR 2021 Holdco 17, LLC                       25-90670
    PGR 2021 Holdco 18, LLC                       25-90674
    PGR 2021 Holdco 19, LLC                       25-90676
    PGR 2021 Holdco 4, LLC                        25-00049
    PGR 2021 Holdco 9, LLC                        25-00050
    PGR 2021 Manager 13, LLC                      25-00051
    PGR 2021 Manager 17, LLC                      25-90685
    PGR 2021 Manager 18, LLC                      25-90687
    PGR 2021 Manager 4, LLC                       25-90679
    PGR 2021 Manager 9, LLC                       25-90680
    PGR 2022 Fund 1, LLC                          25-90689
    PGR 2022 Fund 2, LLC                          25-90690
    PGR 2022 Fund 4, LLC                          25-90693
    PGR 2022 Fund 5, LLC                          25-90695
    PGR 2022 Fund 8, LLC                          25-90696
    PGR 2022 Fund 9, LLC                          25-90699
    PGR 2022 Holdco 1, LLC                        25-90700
    PGR 2022 Holdco 2, LLC                        25-90704
    PGR 2022 Holdco 8, LLC                        25-90706
    PGR 2022 Holdco 9, LLC                        25-90709
    PGR 2022 Manager 1, LLC                       25-90712
    PGR 2022 Manager 2, LLC                       25-00067
    PGR 2022 Manager 4, LLC                       25-00068
    PGR 2022 Manager 5, LLC                       25-00069
    PGR 2022 Manager 8, LLC                       25-00070
    PGR 2022 Manager 9, LLC                       25-90672
    PGR 2022 Sponsor Holdco, LLC                  25-90677
    PGR 2023 Fund 1, LLC                          25-90681
    PGR 2023 Fund 6, LLC                          25-90688
    PGR 2023 Holdco 1, LLC                        25-90692
    PGR 2023 Lessee 6, LLC                        25-90701
    PGR 2023 Manager 1, LLC                       25-90710
    PGR 2023 Manager 6, LLC                       25-00078
    PGR 2024 Sponsor Holdco, LLC                  25-00079
    PGR Blocker Holdco, LLC                       25-00080
    PGR Blue Ridge Power Holdings, LLC            25-00081
    PGR Carver Holdco, LLC                        25-00082
    PGR CC Affiliate Purchaser LLC                25-00083
    PGR Guarantor, LLC                            25-00084
    PGR Holdco GP, LLC                            25-00085
    PGR Holdco, LP                                25-00086
    PGR MS Affiliate Purchaser LLC                25-00087
    PGR Procurement, LLC                          25-00088
    PGR Signature Fund 1 Manager, LLC             25-00089
    Pine Gate Asset Management, LLC               25-00090
    Pine Gate Assets, LLC                         25-00091
    Pine Gate Carver Holdings, LLC                25-00092
    Pine Gate Dev Holdco, LLC                     25-00093
    Pine Gate Development, LLC                    25-00094
    Pine Gate Energy Capital, LLC                 25-00095
    Pine Gate EPC, LLC                            25-00096
    Pine Gate Fund Management, LLC                25-00097
    Pine Gate O&M, LLC                            25-00098
    Polaris DevCo Borrower A, LLC                 25-00099
    Polaris DevCo Borrower B, LLC                 25-00100
    Polaris DevCo Pledgor A, LLC                  25-00101
    Polaris DevCo Pledgor B, LLC                  25-00102
    Polaris OpCo Borrower B, LLC                  25-00103
    Polaris OpCo Pledgor A, LLC                   25-00104
    Polaris OpCo Pledgor B, LLC                   25-00105
    PW Blocker Holdco, LLC                        25-00106
    PW Revolver Borrower, LLC                     25-00107
    Rio Lago Solar, LLC                           25-90668
    Solar Carver 1, LLC                           25-00109
    Solar Carver 3, LLC                           25-00110
    Stowe Solar, LLC                              25-00111
    Sunstone Solar 1, LLC                         25-00112
    Sunstone Solar 2, LLC                         25-00113
    Sunstone Solar 3, LLC                         25-00114
    Sunstone Solar 4, LLC                         25-00115
    Sunstone Solar 5, LLC                         25-00116
    Sunstone Solar 6, LLC                         25-00117
    Sunstone Solar, LLC                           25-00118
    West River Solar, LLC                         25-00119

The Judge is Hon. Christopher M. Lopez.

The Debtors' Bankruptcy Co-Counsel is Timothy A. Davidson II, Esq.,
at Hunton Andrews Kurth LLP, in Houston, Texas, and LATHAM &
WATKINS LLP.

The Debtors' Financial Advisor is ALVAREZ & MARSAL NORTH AMERICA,
LLC.

The Debtors' Investment Banker is LAZARD FRERES & CO. LLC.

The Debtors' Claims, Noticing & Solicitation Agent is OMNI AGENT
SOLUTIONS, INC.


POSIGEN PBC: Court Orders Co. & Creditors to Negotiate
------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Judge Christopher M. Lopez,
who is overseeing Posigen PBC’s Chapter 11 proceedings, urged the
company and its creditors to spend the next several weeks working
toward consensus as financial pressures continue to mount.

Speaking at a Tuesday, December 30, 2025, hearing, the Houston
bankruptcy judge warned that the case could come to a "screeching
halt" if the parties fail to reach sweeping agreements to avoid
litigation over lender collateral and commingled funds.

The warning was issued at the conclusion of a status conference
addressing multiple motions brought by the residential solar
company.

                 About PosiGen PBC

PosiGen PBC is a residential solar energy company.

PosiGen PBC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-90787) on November 24, 2025. In
its petition, the Debtor reports estimated assets and liabilities
between $100 million and $500 million each.

Honorable Bankruptcy Judge Alfredo R. Perez handles the case.

The Debtor is represented by Charles R. Koster, Esq. of White &
Case.


PRAIRIE EYE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Prairie Eye Center, Ltd.
          d/b/a Prairie Eye & LASIK Center
          d/b/a Prairie Retina Center
          d/b/a Prairie Spa
        f/d/b/a Eye Care Pro of Hillsboro
       2020 W. Iles Avenue
       Springfield, IL 62704

Business Description: Prairie Eye Center, Ltd., doing business as
                      Prairie Eye and LASIK Center, provides
                      comprehensive eye and vision care services
                      in Springfield, Illinois, including eye
                      exams, contact lens fittings, glasses,
                      glaucoma testing, and LASIK procedures.  The
                      practice serves both routine and emergency
                      eye care needs and offers pre- and post-
                      operative care.  Led by Dr. Sandra Yeh, the
                      center operates in the healthcare services
                      industry, focusing on ophthalmology and
                      vision correction.

Chapter 11 Petition Date: December 29, 2025

Court: United States Bankruptcy Court
       Central District of Illinois

Case No.: 25-71020

Judge: Hon. Mary P. Gorman

Debtor's Counsel: Sumner A. Bourne, Esq.
                  RAFOOL & BOURNE, P.C.
                  401 Main Street, Suite 1130
                  Peoria, IL 61602
                  Tel: (309) 673-5535
                  Fax: (309) 673-5537
                  E-mail: notices@rafoolbourne.com

Total Assets: $5,317,167

Total Liabilities: $10,631,662

The petition was signed by Sandra W. Yeh, M.D. as bankruptcy
representative.

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/LZZ3HKY/Prairie_Eye_Center_Ltd__ilcbke-25-71020__0001.0.pdf?mcid=tGE4TAMA


RANA REAL: Court Extends Cash Collateral Access to March 12
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, entered a third interim order granting Rana Real
Estate, LLC approval to use cash collateral.

In its interim order, the court ruled that rents, cash and
receivables generated by the Debtor's business constitute cash
collateral under Section 363(a) of the Bankruptcy Code.

The court authorized the Debtor to use cash collateral through
March 12 for ordinary business expenses in accordance with its
budget. These expenses exclude pre-bankruptcy debts, officer
salaries, professional fees, or insider payments, which require
separate approval. The Debtor must remain current on ordinary
business expenses before any such future payments are allowed.

As adequate protection, the court granted lenders replacement liens
on all post-petition property similar to their pre-bankruptcy
collateral.

Additionally, the Debtor was authorized to continue its monthly
payments of $2,000 to TVC Funding III, LLC for the Calistoga
property and $2,500 for the Yountville property.

The court further required the Debtor to maintain full insurance
coverage on all collateral and promptly provide proof of coverage
to the lenders upon request.

The Debtor's authority to use cash collateral will automatically
end upon occurrence of so-called termination events including
conversion or dismissal of its Chapter 11 case, and termination of
business operations.

A continued cash collateral hearing is scheduled for March 12.

As of September 17, the Debtor owed $594,300 to Kiavi Funding, Inc.
and more than $1.34 million to TVC on two loans.

A copy of the interim order and the Debtor's budget is available at
https://shorturl.at/q1qif from PacerMonitor.com.

Kiavi Funding, as secured creditor, is represented by:

   Taji S. Foreman, Esq
   Kelley Kronenberg
   10360 West State Road 84
   Fort Lauderdale, FL  33324
   Telephone: (954) 370-9970
   tforeman@kelleykronenberg.com

                     About Rana Real Estate LLC

Rana Real Estate LLC owns three properties in Gainesville and
Kissimmee, Florida, with a total appraised value of approximately
$1.98 million.

Rana Real Estate LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05881) on
September 17, 2025.

Honorable Bankruptcy Judge Grace E. Robson handles the case.

The Debtor is represented by Bryan K. Mickler, Esq. at the Law
Offices of Mickler & Mickler LLP.


REMEMBER ME: Court Extends Cash Collateral Access to Jan. 29
------------------------------------------------------------
Remember Me Senior Care, LLC received interim approval from the
U.S. Bankruptcy Court for the Eastern District of Tennessee at
Chattanooga to use cash collateral until January 29, marking the
eighth extension since its Chapter 11 filing.

The eighth interim order authorized the Debtor to use cash
collateral to pay its expenses pending the final hearing on January
29.

As adequate protection, Andrew Johnson Bank and other secured
creditors will be granted replacement liens on the Debtor's
post-petition property to the same extent and priority as their
security interest in the Debtor's pre-bankruptcy property.

In addition, the Debtor was ordered to make payment of $88,000 to
Andrew Johnson Bank on the due date set forth in their loan
agreement.

The eighth interim order granted the Debtor a carveout and
authorized the Debtor to pay from the cash collateral fees and
disbursements to bankruptcy professionals, and any fees payable to
the Clerk of the Bankruptcy Court.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/TKR8x from PacerMonitor.com.

                   About Remember Me Senior Care

Remember Me Senior Care, LLC, a company in Cleveland, Tenn., offers
personalized assisted living and memory care services in a homelike
environment. The facility provides a range of services, including
help with daily activities, medication management, and specialized
care for those with Alzheimer's or other dementias.

Remember Me Senior Care sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tenn. Case No. 25-10451) on February
18, 2025. In its petition, the Debtor reported up to $50,000 in
assets and between $10 million and $50 million in liabilities.

Judge Nicholas W. Whittenburg oversees the case.

The Debtor is represented by:

   Jeffrey W. Maddux, Esq.
   Chambliss, Bahner & Stophel P.C.
   Liberty Tower
   605 Chestnut Street, Ste. 1700
   Chattanooga, TN 37450
   Tel: 423-757-0296
   Fax: 423-508-1296
   jmaddux@chamblisslaw.com


RK PARISI: Seeks to Use Up to $30,654 of Cash Collateral
--------------------------------------------------------
RK Parisi Enterprises, Inc. asks the U.S. Bankruptcy Court for the
District of New Hampshire for authority to use cash collateral and
provide adequate protection from the petition date of December 1,
2025 through February 27, 2026, in advance of filing its Subchapter
V plan by March 1, 2026.

The Debtor explains that the requested relief is necessary to allow
RKP to continue operating its business while preserving estate
value. RKP describes itself as a luxury kitchen and bath business
operating under the PoshHaus brand, founded in 2012 and employing
five people in Keene, New Hampshire, with operations spanning
e-commerce, showroom sales, and installation services. The Debtor
attributes its financial distress largely to a sharp decline in
sales beginning in 2021 and worsening in 2023, tied in part to
Amazon's market slowdown and broader competitive pressures, though
it notes that sales have begun to trend upward in 2025 and
prospects for 2026 appear more positive.

The Debtor seeks permission to use up to $30,654 in cash collateral
during the defined use period strictly in accordance with a 90-day
budget, with funds limited to ordinary-course postpetition
operating expenses, taxes, and court-approved costs, and expressly
prohibiting payment of professional fees absent separate court
approval.

RKP proposes to provide adequate protection primarily through
automatically perfected replacement liens on postpetition property
of the same nature and priority as any valid prepetition liens,
while reserving all rights to later challenge the validity, extent,
or priority of those liens. The Debtor also commits to maintaining
insurance coverage on encumbered property, naming lienholders and
the U.S. Trustee as required, and acknowledges that no replacement
liens will attach to Chapter 5 avoidance actions or their
proceeds.

The creditors asserting interests in cash collateral or estate
property, including IvyRadar Lending Fund, NBT Bank, taxing
authorities, and judgment creditors, describing the nature of each
lien, the collateral involved, and the Debtor's position regarding
valuation and secured status. IvyRadar is identified as holding a
first-position mortgage on the Emerald Street property with a
high-interest, short-term loan that the debtor believes is
significantly undersecured and potentially noncompliant with New
Hampshire lending law, with no proposed adequate protection
payments during the interim period and an anticipated cramdown in
the plan. NBT Bank is described as holding a second mortgage and
UCC liens that are largely undersecured given property and asset
values. State and municipal tax authorities are identified as
holding statutory tax liens that the Debtor intends to treat as
priority claims to be paid in full under the plan, while other
judgment and UCC creditors are characterized as likely unsecured or
minimally secured.

The Debtor asserts that the proposed budget demonstrates positive
cash flow during the use period and that denying access to cash
collateral would force layoffs, halt operations, and effectively
derail any chance of reorganization, causing irreparable harm to
employees, creditors, and the estate. The Debtor emphasizes that it
has a reasonable likelihood of confirming a Subchapter V plan
within the statutory timeframe, that secured creditors will begin
receiving payments through the plan process, unsecured creditors
may receive a dividend, and outstanding tax obligations will be
cured in full.

A court hearing is scheduled for January 7.

A copy of the motion is available at https://urlcurt.com/u?l=utRFj2
from PacerMonitor.com.

                 About RK Parisi Enterprises Inc.

RK Parisi Enterprises, Inc., operating as PoshHaus, sells home
improvement and home-furnishing products, including kitchen and
bathroom fixtures, cabinetry, lighting, appliances, and flooring,
through an online platform and a physical showroom in Keene, New
Hampshire.  The company targets homeowners, builders, and interior
designers homeowners, builders, and interior designers homeowners,
builders, and interior designers seeking products for residential
renovations.

RK Parisi Enterprises sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.H. Case No. 25-10842) on December
1, 2025, with $1 million to $10 million in assets and liabilities.
Robert M. Parisi, Jr., president and owner of RK Parisi
Enterprises, signed the petition.

Judge Kimberly Bacher presides over the case.

William J. Amann, Esq., at Amann Burnett, PLLC represents the
Debtor as legal counsel.





S&G LABS: Gets Final OK to Use Cash Collateral
----------------------------------------------
S&G Labs Hawaii, LLC received final approval from the U.S.
Bankruptcy Court for the District of Colorado to use cash
collateral to fund operations.

The court authorized the Debtor to use cash collateral strictly in
accordance with its budget, with monthly variances capped at 15%
per expense line item.

The court recognized that Frontier Bank holds a properly perfected
first-priority security interest in the Debtor's personal property
and required the Debtor to continue making timely monthly loan
payments under their loan agreements as part of the bank's adequate
protection.

As additional protection, the court granted replacement liens to
Frontier Bank and any other creditor with a properly perfected
interest in cash collateral. These liens attach to the proceeds of
post-petition accounts and inventory to the extent the use of cash
collateral results in any diminution in value of the secured
creditors' collateral.

The Debtor must also keep its personal property insured, provide
periodic bankruptcy reporting, and pay all post-petition taxes.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/f68Fa from PacerMonitor.com.

S&G is a medical toxicology laboratory operating in Colorado and
Hawaii. The Debtor, managed by Dr. Lynn Welch Puana, filed for
Chapter 11 on November 7 after a judgment creditor obtained an
order appointing a state court receiver.

At the time of filing, the Debtor maintained approximately $80,000
in deposit accounts, $400,000 in accounts receivable, and $200,000
in equipment, which may constitute cash collateral. The Debtor's
ability to continue operations depends on using this cash to pay
essential operating expenses.

                     About S&G Labs Hawaii LLC

S&G Labs Hawaii, LLC is a medical toxicology laboratory operating
in Colorado and Hawaii.

S&G Labs Hawaii sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 25-17335) on November 7,
2025. In its petition, the Debtor listed up to $50,000 in assets
and between $1 million and $10 million in liabilities.

Judge Joseph G. Rosania, Jr. oversees the case.

The Debtor is represented by David Wadsworth, Esq., at Wadsworth
Garber Warner Conrardy, P.C.


SEAVIEW APARTMENTS: Seeks Chapter 11 Bankruptcy in New Jersey
-------------------------------------------------------------
On December 15, 2025, Seaview Apartments LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of New
Jersey. According to court filings, the debtor reports between $10
million and $50 million in debt owed to between 1 and 49
creditors.

               About Seaview Apartments LLC

Seaview Apartments LLC operates in the residential real estate
sector, specializing in apartment ownership and management. The
company focuses on delivering quality housing and reliable property
management services to tenants.

Seaview Apartments LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 25-23251) on December 15,
2025. In its petition, the debtor reports estimated assets in the
range of $1 million to $10 million and estimated liabilities
between $10 million and $50 million.

The Honorable Mark Edward Hall handles the case.

The debtor is represented by Eric Horn, Esq. of A.Y. Strauss.


SHOWER DOOR: Seeks Chapter 11 Bankruptcy in New Jersey
------------------------------------------------------
On December 13, 2025, Shower Door Gallery Mirror And Glass LLC
filed for Chapter 11 protection in the U.S. Bankruptcy Court for
the District of New Jersey. According to court filings, the debtor
reports between $0 and $100,000 in debt owed to between 1 and 49
creditors.

            About Shower Door Gallery Mirror and Glass

Shower Door Gallery Mirror and Glass LLC is a glass fabrication and
installation company specializing in custom shower enclosures,
mirrors, and architectural glass products.

Shower Door Gallery Mirror and Glass, LLC sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No.
25-23185) on December 13, 2025, listing up to $50,000 in assets and
liabilities.

Judge Michael B. Kaplan presides over the case.

Steven J. Abelson, Esq., at Abelson Law Offices P.C. the Debtor as
bankruptcy counsel.


SOUTHERN EXPRESS: Court Extends Cash Collateral Access to Jan. 21
-----------------------------------------------------------------
Southern Express, Inc. received sixth interim approval from the
U.S. Bankruptcy Court for the Eastern District of North Carolina to
use cash collateral.

The sixth interim order authorized the Debtor to use cash
collateral to pay operating expenses in accordance with its budget.
This authorization will remain in full force and effect until
January 21; the termination of the interim order; or upon filing of
a notice of default, whichever occurs first.

The Debtor projects total operational expenses of $170,815.17 for
January.

Events of default include the Debtor's failure to comply with any
of the terms or conditions of the sixth interim order and failure
to file a Chapter 11 plan.

The Debtor believes that certain proceeds generated from its
continuing operations may constitute cash collateral of the U.S.
Small Business Administration and CT Corporation System, believed
to represent Kapitus, LLC. The secured creditors may assert a
security interest in all of the Debtor's assets.

Each of the secured creditor's liens on the collateral securing
debts will extend to the Debtor's post-petition assets to the
extent and amount that they are secured as of the petition date.
These replacement liens are subject to and subordinate to a fee
carveout.

The next hearing is set for January 21.

                 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.


SPEARMAN AEROSPACE: Gets Extension to Access Cash Collateral
------------------------------------------------------------
Spearman Aerospace, Inc. received another extension from the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division, to use cash collateral.

The sixth interim order signed by Judge Deborah Saltzman extended
the Debtor's authority to use cash collateral through March 31 to
pay the expenses set forth in its budget.

As protection for any diminution in the value of their collateral,
creditors that have a perfected security interest in the cash
collateral will be granted replacement liens on post-petition
assets, with the same validity and priority as their pre-bankruptcy
liens.

The replacement liens do not apply to any Chapter 5 claims and the
pre-bankruptcy retainer provided to Echo Park Legal, APC.

A further hearing is scheduled for March 24.

The Debtor believes Pacific Premier Bank (as successor-in-interest
to Opus Bank) may be the only secured creditor with an interest in
cash collateral. This is because while Midland States Bank, Valley
Acquisition Corporation, Celtic Capital Corporation, and ASSN
Company may have an interest in its cash collateral based on their
filings with the Secretary of State, the Debtor believes the
underlying debts owed to these creditors have already been
satisfied.

Pacific Premier Bank, as secured creditor, is represented by:

   Thomas J. Polis, Esq.
   Polis & Associates
   A Professional Law Corporation
   19800 MacArthur Boulevard, Suite 1000
   Irvine, CA 92612-2433
   Telephone: (949) 862-0040
   Facsimile: (949) 862-0041
   tom@polis-law.com

                     About Spearman Aerospace Inc.

Spearman Aerospace, Inc. manufactures high-precision components for
the aerospace industry, specializing in parts for landing gear
assemblies, door pivots, and gearboxes. It utilizes advanced CNC
technology to produce these components for satellite or space
applications and other aerospace needs.

Spearman Aerospace filed Chapter 11 petition (Bankr. C.D. Calif.
Case No. 25-10917) on February 6, 2025, listing between $1 million
and $10 million in both assets and liabilities.

Judge Deborah J. Saltzman handles the case.

M. Douglas Flahaut, Esq., at Echo Park Legal, APC is the Debtor's
legal counsel.


STARSHIP LOGISTICS: Unsecureds Will Get 4% of Claims in Plan
------------------------------------------------------------
Starship Logistics LLC, submitted a Fourth Amended Disclosure
Statement describing Plan of Reorganization dated December 23,
2025.

The Plan described in this Disclosure Statement provides for the
Debtor's emergence from its chapter 11 case, which the Debtor
anticipates will occur in approximately May 2026.

The Plan provides for a recapitalization as follows: (a) a $75,000
contribution from Clarence Xu, or his assignee in exchange for a
100% membership interest in the Debtor. This contribution will be
used to, among other things, fund the Plan and provide the
Reorganized Debtor with sufficient working capital.

Class 4 consists of All General Unsecured Claims. Holders of
Allowed General Unsecured Claims shall receive their pro rata share
of at least $100,000 over the life of the Plan. The Debtor will
allocate $20,000 annually to Class 4 General Unsecured Claims,
which will be paid pro rata to Allowed General Unsecured Claims.
The initial payment will be due the fourth quarter following the
Effective Date. The Debtor will make five annual payments.

Class 4 will receive a distribution of 4% of their Allowed General
Unsecured Claim. This calculation is subject to change based on
resolution of Disputed Claims. The allowed unsecured claims total
$2,551,166.62 (this number is subject to change based upon the
resolution of Disputed Claims). This Class is impaired.

The Plan will be funded by the contribution of Clarence Xu in the
aggregate amount of $75,000, plus the Debtor's conservatively
estimated Cash on hand of approximately $100,000 as of May 1, 2026,
the estimated Effective Date.

Additionally, the Debtor has made further attempts to lower its
operating costs in recent months to become more efficient in
general. The Debtor has also recently acquired multiple new
customers and expects to increase its cash position significantly
once the U.S. economy evens out. Based on the foregoing, the Debtor
is confident that sufficient funds will exist to make all required
Effective Date payments and ongoing payments throughout the life of
the Plan. The balance of Allowed Claims will be satisfied over time
by the Reorganized Debtor.

A full-text copy of the Fourth Amended Disclosure Statement dated
December 23, 2025 is available at https://urlcurt.com/u?l=lY4Lcu
from PacerMonitor.com at no charge.

Counsel to the Debtor:

     Susan K. Seflin, Esq.
     Steven T. Gubner, Esq.
     Jessica L. Bagdanov, Esq.
     BG Law LLP
     21650 Oxnard Street, Suite 500,
     Woodland Hills, CA 91367
     Tel: (818) 827-9000
     Fax: (818) 827-9099
     Email: sgubner@bg.law
            sseflin@bg.law
            jbagdanov@bg.law

                        About Starship Logistics

Starship Logistics, LLC, a company in Long Beach, Calif., offers
freight transportation arrangement services.

Starship Logistics sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-18834) on Oct. 28,
2024, with $1 million to $10 million in both assets and
liabilities. Clarence Xu, chief executive officer and managing
director, signed the petition.

Judge Barry Russell oversees the case.

The Debtor is represented by Susan K. Seflin, Esq., at BG Law, LLP.


SUPREME PLUMBING: Section 341(a) Meeting of Creditors on January 14
-------------------------------------------------------------------
On December 10, 2025, Supreme Plumbing & Heating Supply, Inc.,
filed for Chapter 11 protection in the U.S. Bankruptcy Court for
the District of New Jersey. According to court filings, the Debtor
reports $6,253,354 in debt owed to between 100 and 199 creditors.

A meeting of creditors under Section 341(a) to be held on January
14, 2026 at 09:00 AM at Telephonic.

          About Supreme Plumbing & Heating Supply, Inc.

Supreme Plumbing & Heating Supply, Inc., based in Clifton, New
Jersey, distributes plumbing and heating products and related
supplies primarily to professional contractors and end users. The
Company maintains a showroom, supports construction and renovation
projects with materials, and operates a small fleet for
deliveries.

Supreme Plumbing & Heating Supply, Inc. sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-23080) on
December 10, 2025. In its petition, the Debtor reports total assets
of $4,219,892 and total liabilities of $6,253,354.

Honorable Bankruptcy Judge Vincent F. Papalia handles the case.

The Debtor is represented by Daniel M. Stolz, Esq., of Genova Burns
LLC.


SWAHILI VILLAGE: Seeks Cash Collateral Access
---------------------------------------------
Swahili Village Newark, LLC asks the U.S. Bankruptcy Court for the
District of Columbia for authority to use cash collateral and
provide adequate protection.

The Debtor is a New Jersey-based restaurant operating in Newark,
for interim authorization to use cash collateral in its Chapter 11
bankruptcy case before a final hearing. The Debtor, incorporated in
2022, has experienced declining revenues—$5.8 million in 2024 and
approximately $3.8 million in 2025—leading to missed payments and
reliance on multiple high-interest merchant cash advance lenders,
some of whom placed holds on its accounts receivable totaling
$147,842 prior to filing.

The Debtor seeks court authorization to use cash collateral to
cover ordinary and necessary business expenses for an initial
thirty-day period, supported by a proposed budget. It requests
adequate protection for the Cash Collateral Lenders, including
replacement liens on prepetition collateral and protection against
diminution in value retroactive to the petition date.

The Debtor emphasizes that the use of cash collateral is critical
to maintain operations, meet obligations, and prevent irreparable
harm to the estate, while demonstrating the Debtor's capacity to
operate positively in the short term and reorganize its debts.

A court hearing is scheduled for January 15.

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

              About Swahili Village Newark, LLC

Swahili Village Newark, LLC operates a location of the Swahili
Village restaurant chain at 2 Center Street in Newark, New Jersey.
The Company is part of a U.S.-based hospitality group founded by
Kevin Onyona that runs multiple East African cuisine restaurants
across several states.  It provides fine-dining experiences and
cultural event space while maintaining operations within the
broader Swahili Village brand.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.C. Case No. 1:25-bk-00503) on October 31,
2025. In the petition signed by Kevin Onyona, owner, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Elizabeth L. Gunn oversees the case.

Craig M. Palik, Esq., at MCNAMEE HOSEA, P.A., represents the Debtor
as legal counsel.






TAX TIME: Claims to be Paid from Continued Operations
-----------------------------------------------------
Tax Time, LLC, filed with the U.S. Bankruptcy Court for the
District of Colorado a Subchapter V Plan of Reorganization.

The Debtor is a Colorado limited liability company. The Debtor is a
small accounting firm. Approximately three years ago, the Debtor
expanded operations and hired additional employees. The expansion
was too rapid, and the Debtor was forced to contract operations and
lay off employees.

During the contraction period, the Debtor obtained loans from three
merchant cash advance lenders (the "MCA Lenders") to sustain
operations. The weekly ACH draws from the MCA Lenders, however,
severely impaired the Debtor's ability to operate. The Debtor
disputes the amounts owed to the MCA Lenders.

The Debtor was also party to a lawsuit with Sholler Edwards LLC
("Sholler") which it disputes. Sholler asserts the Debtor is liable
for legal services provided to another entity partially owned by
the Debtor's principal. The Debtor did not engage Sholler and
asserts it owes Sholler nothing.

The Debtor scheduled Halstead Financial Services as a non
contingent, liquidated, nondisputed debt in the amount of
$4,698.62. Of the scheduled non-priority unsecured creditors, this
is the only creditor that did not have to file a proof of claim to
preserve its claim.

Cellco Partnership filed a proof of claim in the amount of
$1,714.45. Resurgent Receivables, LLC filed a proof of claim in the
amount of $4,698.62. Sholler Edwards LLC filed a proof of claim in
the amount of $123,716.00. The Debtor disputes this claim.

Class 3 consists of general unsecured creditors of the Debtor who
hold Allowed Claims. Holders of Class 3 Allowed Claims shall share
on a Pro Rata basis monies deposited into the Unsecured Creditor
Account as set forth herein.

As set forth in Articles 3.2 and 8.2 of this Plan, upon the first
full month following the Effective Date of the Plan and every month
until Administrative Claims and Tax Claims are paid in full and
then for the remainder of the Term of the Plan the Debtor will
every month in accordance with the terms of this Plan deposit for
the five year Term of the Plan: (a) during the first year of the
Plan $1,517.42 per month and $18,209.00 per year; (b) during the
second year of the Plan $1,593.29 per month and $19,119.50 per
year; (c) during the third year term of the Plan $1,672.96 per
month and $20,075.00 per year; (d) during the fourth year of the
Plan $1,756.60 per month and $21,079.25 per year and (e) during the
fifth year of the Plan $1,844.44 per month and $21,133.25 per
year.

Monthly payments may be more or less per month depending on cash
flow, but the aggregate amount distributed at the end of each
quarter will total the aggregate monthly payments for that quarter.
Following the full payment of Administrative Claims and Tax Claims,
at the end of each calendar quarter, the balance of the Unsecured
Creditor Account will be distributed to the holders of Class 3
general unsecured creditors that hold Allowed Claims on a Pro Rata
basis. The account will be maintained at a federally insured
banking institution and shall be maintained within the insurance
limit of the institution.

All funds recovered by the Debtor on account of Avoidance Actions
shall be distributed to Allowed Administrative Claims until paid in
full, then to Allowed Tax Claims until paid in fill, and then to
Class 3, net of attorneys' fees and costs. Whether or not the
Debtor pursues any Avoidance Actions shall be up to the Debtor and
the decision to pursue such claims shall be discretionary with the
Debtor.

Class 4 includes the Interests in the Debtor, which Interests are
unimpaired by the Plan. Upon confirmation of the Plan, all Class 4
Interest holders will retain their ownership Interests in the
Debtor.

The Debtor shall be empowered to take such action as may be
necessary to perform its obligations under this Plan.

The Debtor believes that the Plan, as proposed, is feasible. The
funding for the Plan will come from the Debtor's continued
operations. As detailed in the Projections, the Debtor will have
sufficient cash on hand and profits during the term of the Plan to
satisfy its Plan obligations.  

A full-text copy of the Plan of Reorganization dated December 22,
2025 is available at https://urlcurt.com/u?l=TMETB4 from
PacerMonitor.com at no charge.

                        About Tax Time LLC

Tax Time, LLC, is a small accounting firm.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Colo. Case No. 25-16241) on Sept. 26,
2025, with up to $50,000 in assets and $100,001 to $500,000 in
liabilities.

Aaron J. Conrardy, Esq., is the Debtor's legal counsel.

The Debtor is represented by:

   Aaron J. Conrardy, Esq.
   Wadsworth Garber Warner Conrardy, P.C.
   2580 West Main Street, Suite 200
   Littleton, CO 80120
   Phone: 303-296-1999
   aconrardy@wgwc-law.com


TECHNICAL ARTS: Gets Extension to Access Cash Collateral
--------------------------------------------------------
Technical Arts Group, LLC received another extension from the U.S.
Bankruptcy Court for the District of New Jersey to use cash
collateral.

The court issued a second interim order authorizing the Debtor to
use cash collateral until the final hearing on January 7.

As a condition to the interim use of its cash collateral, Abe V.
Systems, Inc. will receive an interim payment of $25,000. The
second interim order preserves all parties' rights regarding how
that payment will ultimately be allocated or credited.

In addition, the Debtor and AVS agreed to submit a separate consent
order governing related adversary proceedings, including their
administrative consolidation, a trial window between March 1 and
13, and Abe V. Systems' waiver of any right to seek abstention or
remand of those proceedings.

All relief granted in the first interim order remains in full force
and effect, except as specifically modified by the second interim
order.

A copy of the order is available at https://shorturl.at/37Fx3 from
PacerMonitor.com.

                  About Technical Arts Group LLC

Technical Arts Group LLC, a Delaware limited liability company
headquartered in Moonachie, New Jersey, provides event production
and premium equipment rental services, specializing in lighting,
audio, video, staging, special effects, and event management for
large-scale music festivals, corporate gatherings, weddings, and
international events. The Company operates a 34,488-square-foot
facility and employs 63 staff members, engaging additional
freelance personnel as needed.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.J. Case No. 25-22241) on November 18,
2025. In the petition signed by Kevin Mignone, as co-president and
chief revenue officer, the Debtor disclosed $10,944,828 in assets
and $8,654,532 in liabilities.

Judge Vincent F Papalia oversees the case.

Richard D. Trenk, Esq. and Robert S. Roglieri, Esq., at Trenk
Isabel Siddiqi & Shahdanian P.C. represents the Debtor as legal
counsel.


TJ MAXX: To Close Ellsworth Mall Location Permanently on January 3
------------------------------------------------------------------
James Evenden of The US Sun reports that TJ Maxx plans to shutter
its Ellsworth Place mall store in Silver Spring, Maryland, on
January 3, 2026. As the closing date approaches, the retailer is
offering discounts of 20% on most merchandise, though availability
is limited and certain items may be excluded.

According to report, the 24,000-square-foot store opened in 2015,
bringing roughly 60 jobs to the community. The company has not
explained the reason for the closure, identified a successor
tenant, or provided details on employee transitions. TJ Maxx did
not respond to a request for comment.

                       About TJ Maxx

Headquartered in Framingham, MA, T.J. MAXX OF CA, LLC is a Virginia
limited liability company that owns and operates department stores
throughout the United States and California.


TWENTY EIGHT: Gets OK to Use Cash Collateral Until Feb. 28
----------------------------------------------------------
Twenty Eight Hundred Lafayette, Inc. received a two-month extension
from the U.S. Bankruptcy Court for the District of New Hampshire to
use its secured creditors' cash collateral.

The interim order signed by Judge Kimberly Bacher authorized the
Debtor to use up to $283,327.10 in cash collateral for the period
from January 1 through February 28 to pay the expenses in
accordance with its budget.

As protection for the Debtor's use of their cash collateral,
secured creditors including Enterprise Bank & Trust, Rockingham
Economic Development Corp. and the U.S. Small Business
Administration will be granted replacement liens on property
acquired by the Debtor after the petition date that is similar to
their pre-bankruptcy collateral. The replacement liens do not apply
to any Chapter 5 actions.

As further protection, the Debtor will continue to make monthly
payments of $3,156.11 to SBA, $3,232.12 to Enterprise Bank & Trust,
and $1,509.26 to Rockingham.

The next hearing is scheduled for February 18. Objections are due
by February 16.

                About Twenty Eight Hundred Lafayette

Established in 1992, Twenty Eight Hundred Lafayette, Inc. is a
seafood restaurant with locations in Epping, Portsmouth, Salem, and
North Hampton (seasonal) in New Hampshire. It conducts business
under the names The Beach Plum 2 Portsmouth and The Beach Plum 3
Epping.

Twenty Eight Hundred Lafayette filed Chapter 11 petition (Bankr.
D.N.H. Case No. 25-10046) on January 27, 2025. In its petition, the
Debtor reported assets between $50,000 and $100,000 and liabilities
between $1 million and $10 million.

Judge Kimberly Bacher handles the case.

Eleanor Wm. Dahar, Esq., at Victor W. Dahar Professional
Association is the Debtor's legal counsel.

Enterprise Bank & Trust, as secured creditor, is represented by:

     Patricia J. Ballard, Esq.
     Preti, Flaherty, Beliveau & Pachios, PLLP
     P.O. Box 1318
     Concord, NH 03302-1318
     (603) 410-1500
     pballard@preti.com


UPTOWN PHARMACY: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Uptown Pharmacy of Kingman, Inc.
           d/b/a Uptown Drug Golden Valley
         f/d/b/a Uptown Drug North
         f/d/b/a Uptown United Drug
         f/d/b/a Uptown Drug
         f/d/b/a Uptown Drug & Home Medical
        4263 E. Hwy. 68 Suite A
        Golden Valley, AZ 86413

Business Description: Uptown Pharmacy of Kingman, Inc., based in
                      Golden Valley, Arizona, operates a community
                      pharmacy providing prescription and over-
                      the-counter medications, immunizations,
                      point-of-care testing, medication therapy
                      management, compounding, and durable medical
                      equipment.  The Company also offers flu
clinics
                      at business locations, travel vaccinations,
                      telemedicine consultations, and health
                      screenings, and accepts insurance or
                      provides cash pricing for uninsured
                      patients.  Uptown Pharmacy, established in
                      1963, provides pharmacy services to Kingman
                      and neighboring areas.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       District of Arizona

Case No.: 25-12678

Judge: Hon. Paul Sala

Debtor's Counsel: Krystal M. Ahart, Esq.
                  KAHN & AHART, PLLC
                  Bankruptcy Legal Center
                  301 E. Bethany Home Road, Suite C-195
                  Phoenix, AZ 85012-1266
                  Tel: 602-266-1717
                  Email: Krystal.Ahart@azbk.biz

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher Proffit as president.

The petition was filed without the Debtor's list of its 20 largest
unsecured creditors.

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

https://www.pacermonitor.com/view/6ADBEGQ/UPTOWN_PHARMACY_OF_KINGMAN_INC__azbke-25-12678__0001.0.pdf?mcid=tGE4TAMA


US MAGNESIUM: Lithium Carbonate Asset Sale to Glencore OK'd
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has granted
US Magnesium LLC to sell Assets, free and clear of liens, claims,
interests, and encumbrances.

The Debtor has been actively seeking a buyer for certain inventory
currently in its possession, including
its inventory of lithium carbonate, whether in the ordinary course
of business or in a bulk sale.

The Debtor believes that a strong business justification exists for
the private sale of the Purchased Assets. The Debtor is in the
business of manufacturing and selling lithium carbonate, and the
current inventory of lithium carbonate is sitting at the Debtor's
facilities. Until it is sold, the lithium carbonate is an ongoing
cost to the estate, and the Debtor has determined, in the exercise
of its business judgment, that the sale of the lithium carbonate,
less certain warehousing costs and royalty payments, is in the best
interest of the Debtor's estate and that the purchase price
contemplated is the highest and best price that could be achieved
for the Purchased Assets under the circumstances.

The Court has authorized the Debtor to sell the lithium carbonate
products to Glencore Ltd. for the purchase price of $7,500.00 per
metric ton.

The Purchase Contract, attached as Exhibit 1
(https://urlcurt.com/u?l=J1I53B), and all of its terms and
conditions are hereby approved. The failure to specifically include
any particular provisions of the Purchase Contract in this Order
shall not diminish or impair the effectiveness of such provisions,
it being the intent of this Court that the Purchase Contract be
authorized and approved in its entirety.

Prior to the Closing, the Debtor shall submit a Secondary Recovery
Application and Certification to the Utah Division of Forestry,
Fire, and State Lands under U.A.C. R652-21-402 in order to
facilitate the transactions contemplated.

The Debtor is authorized to execute and deliver, and empowered to
perform under, consummate and implement, the Purchase Contract and
all additional instruments and documents that may be reasonably
necessary or desirable to implement the Purchase Contract in
accordance with its terms, and to take all further actions as may
be necessary for the purposes of assigning, transferring, granting,
conveying and conferring to the Buyer of the Purchased Assets, or
as may be necessary or appropriate to the performance of the
obligations as contemplated by the Purchase Contract.

The Court retains jurisdiction with respect to all matters arising
from or related to the implementation, interpretation and
enforcement of this Order and the Purchase Contract.

        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.


US REALM: Affiliate to Sell Gas Assets to Anschutz Exploration
--------------------------------------------------------------
US Realm Powder River, LLC, f/k/a Moriah Powder River LLC and its
affiliates, along with Carbon Creek Energy LLC (CCE), seek
permission from the U.S. Bankruptcy Court for the District of
Wyoming, to sell Assets, free and clear of liens, claims,
interests, and encumbrances.

Debtor US Realm Powder River, LLC (US Realm) is a Wyoming limited
liability company organized on June 10, 2015, maintaining a
principal place of business at 30 N. Gould St., Ste. N, Sheridan,
Wyoming 82801.

CCE is a Wyoming limited liability company, maintaining a principal
place of business at 30 N. Gould St., Ste. N, Sheridan, Wyoming
82801.

Debtor Powder River Midstream, LLC (PRM) is a Wyoming limited
liability company, maintaining a principal place of business at 30
N. Gould St., Ste. N, Sheridan, Wyoming 82801.

Debtor US Realm Wyoming Ranches, LLC is a Wyoming limited liability
company, maintaining a principal place of business at 30 N. Gould
St., Ste. N, Sheridan, Wyoming 82801.

US Realm is a privately held natural gas company operating in the
Powder River Basin located in northeast Wyoming. US Realm holds
significant mineral leases and owns approximately 6,800 coal-bed
methane gas wells (approximately 3,900 are currently producing). US
Realm is a party to numerous mineral leases with real
estate owners covering more than 1,000,000 acres to exploit natural
gas reserves.

While US Realm holds the Mineral Leases and owns the Gas Wells, US
Realm has no employees and thus is unable to operate the Gas Wells
or otherwise bring the mineral product to market on its own. US
Realm thus relies on services provided by its affiliates, including
CCE and PRM, to produce natural gas.

PRM contracts with third parties and provides US Realm with
pipeline assets and midstream compression and gas transportation
services, while CCE is the contract operator of the Gas Wells
pursuant to a
Management Services Agreement between US Realm and CCE.

Recently, it has become known that CCE owns mineral interests,
separate and apart from US Realm's Mineral Assets, which are not
currently being utilized by CCE (or US Realm). Specifically, CCE
owns certain "deep rights," which are mineral interests below a
certain vertical depth.

On August 4, 2023, the Court entered an order expanding the CRO's
authority to serve as US Realm's sole independent fiduciary and
officer for all purposes and authority over US Realm’s banking
and/or financial accounts and instruments.

The primary efforts towards a sale in these cases has been with
respect to Debtor US Realm's assets, and in particular the Mineral
Assets. US Realm does not hold any deep rights and the sale to
Pronghorn has been the shallow CBM wells and leasehold interests.
Previously, the Deep Rights have held little, if any, actual value
insofar as there was virtually no market for such (non-operating)
leasehold interests and, as
such, the Deep Rights have not been a point of focus for CCE or the
CRO's sale efforts.

However, it was recently learned that Buyer, Anschutz Exploration
Corporation, had acquired other similar oil and gas interests in
the vicinity of the Deep Rights. Shortly thereafter, Buyer
contacted CCE regarding any potential interest in a sale
transaction.

After discussions, on December 8, 2025, the Buyer submitted the
Agreement to purchase CCE's Deep Rights. After evaluating the
Agreement and considering all other alternative options, CCE has
determined that the proposed Sale Transaction is in its best
interests.

e Agreement was negotiated, proposed, and entered into by CCE and
the Buyer in good faith and at arms' length, without collusion or
fraud, and the Buyer has pursued the Sale Transaction in good faith
and not in a collusive manner.

CCE believes the Sale Transaction represents the highest and best
offer for the Purchased Assets and is the product of reasonable
efforts by CCE and its professionals to maximize the value of the
Purchased Assets and to identify all available reasonable
alternatives.

On July 10, 2019, pursuant to an Assignment and Assumption
Agreement, Powder River VPP, LLC acquired or
otherwise became entitled to enforce 100% of the debt obligations
under the Prepetition Credit Agreement and related Prepetition
Liens.

Insofar as 4P Wyoming Capital, LLC is now the senior secured
creditor as to CCE's assets, 4P, which
in controlled by the CRO, has consented to the sale of the Deeps
Rights as proposed.

The private sale of the Deep Rights to the Buyer, subject to notice
and opportunity for objection, sets forth a fair process to ensure
the best value is obtained for the Deep Rights. A public auction
would require CCE to incur substantial additional costs, and as
explained herein CCE does not believe an auction would result in
additional offers or additional value sufficient to justify the
incurrence of such costs.

CCE submits that the requirements are met because 4P, as the entity
holding or otherwise entitled to enforce the senior secured lien
against the Purchased Assets, consents to the proposed sale.

CCE submits the terms and conditions of the Sale Transaction and
the sale of the Purchased Assets to the Buyer were negotiated by
CCE and the Buyer at arm's length and in good faith with the
assistance of their respective counsel and professional advisors.

      About US Realm Powder River

US Realm Powder River, LLC, previously known as Moriah Powder
River, LLC, is a privately held natural gas company with
headquarters in Sheridan, Wyo., and operates in the Powder River
Basin located in northeast Wyoming.

US Realm Powder River filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No.
19-20699) on Oct. 31, 2019. Craig Camozzi, chief operating
officer,
signed the petition. In the petition, the Debtor disclosed $100
million to $500 million in assets and $50 million to $100 million
in liabilities.

Judge Cathleen D. Parker oversees the case.

Markus Williams Young & Zimmermann LLC and Hall & Evans, LLC serve
as the Debtor's bankruptcy counsel and special counsel,
respectively. Mark J. Welch, a principal at Morris Anderson &
Associates, Ltd., is the Debtor's chief restructuring officer.


VAN ORDEN REALTY: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Van Orden Realty, LLC
        42 North Franklin Turnpike
        Ramsey, NJ 07446

Business Description: Van Orden Realty, LLC is a single-asset real
                      estate company that owns one income-
                      producing property.

Chapter 11 Petition Date: December 31, 2025

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 25-23793

Judge: Hon. John K. Sherwood

Debtor's Counsel: Mark J. Politan, Esq.
                  POLITAN LAW, LLC
                  88 East Main Street, #502
                  Mendham, NJ 07945
                  Tel: 973-768-6072
                  E-mail: mpolitan@politanlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Frank Muscara as managing member.

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/BJUYDXI/Van_Orden_Realty_LLC__njbke-25-23793__0001.0.pdf?mcid=tGE4TAMA


VILLAGE HOMES: Fort Worth Property Sale to P. & D. McBride OK'd
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, Fort
Worth Division, has granted Village Homes LP to sell Property, free
and clear of liens, claims, interests, and encumbrances.

The Debtor is a Texas limited partnership formed in 1996. The
Debtor's general partner is DH Management, Inc., a Texas
corporation, which holds a 1% general partner interest. The Debtor
has two limited partners: Michael Dike and James R. Harris.

The Debtor's real properties are located in various subdivisions in
Tarrant and Parker Counties, Texas.

The Court has authorized the Debtor to sell 2154 Village Walk
Place, Fort Worth, Texas 76008 to Patrick L. McBride and Donna
McBride for $458,000.

The Debtor is authorized to distribute sales proceeds payment of
normal and customary costs of sale, including commission, title
fees, and the Debtor's portion of the prorated taxes assessed
against the Property, and payment to Hungtington Beach of the
Release Price for the VWP Property.

Pursuant to the loan documents between the Debtor and Huntington
Bank, Huntington Bank consents to the distribution of the net sale
proceeds, after payment of the Release Price and closing costs, to
the Debtor for the Debtor's use in the normal course of its
business operations and administration of the chapter 11 case.

The Buyer of the VWP Property is purchasing the VWP Property in
good faith and is a good faith purchaser within the meaning of
section 363(m) of the Bankruptcy Code, and is therefore entitled to
the full protection of that provision.

        About Village Homes for Fort Worth

Village Homes for Fort Worth was established in 1996 and has grown
into a trusted homebuilder in Fort Worth, Texas, known for its
inspired designs and dedication to quality. With almost three
decades of experience, the company has fulfilled the dreams of over
1,500 homeowners while collaborating closely with the region's top
architects, craftsmen, and vendors.

KC 117 LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 25-43782-mxm) on
October 1, 2025.

Jeff P. Prostok at Vartabedian Hester & Haynes LLP, represents as
legal counsel of the Debtor.


VILLAGE HOMES: Sunset Lane Property Sale to Garrett Cesander OK'd
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, Fort
Worth Division, has granted Village Homes LP to sell Property, free
and clear of liens, claims, interests, and encumbrances.

The Debtor is a Texas limited partnership formed in 1996. The
Debtor's general partner is DH Management, Inc., a Texas
corporation, which holds a 1% general partner interest. The Debtor
has two limited partners: Michael Dike and James R. Harris.

The Debtor is engaged in the construction of single-family homes,
acquisition of single-family residential lots and options to
acquire lots, and in the marketing and sale of the completed homes.
The Debtor’s real properties are located in various subdivisions
in Tarrant and Parker Counties, Texas.

The Court has authorized the Debtor to sell the Property located at
402 Sunset Lane, Fort Worth, Texas 76114 to Garrett Cesander for
$103,750.

     About About Village Homes for Fort Worth

Village Homes for Fort Worth was established in 1996 and has grown
into a trusted homebuilder in Fort Worth, Texas, known for its
inspired designs and dedication to quality. With almost three
decades of experience, the company has fulfilled the dreams of over
1,500 homeowners while collaborating closely with the region's top
architects, craftsmen, and vendors.

KC 117 LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 25-43782-mxm) on
October 1, 2025.

Jeff P. Prostok at Vartabedian Hester & Haynes LLP, represents as
legal counsel of the Debtor.


WAHL TO WAHL: Unsecured Creditors to Split $4K in Plan
------------------------------------------------------
Wahl to Wahl Auto LLC filed with the U.S. Bankruptcy Court for the
Northern District of New York a Plan of Reorganization dated
December 22, 2025.

The Debtor is a limited liability company. Since 2013, the Debtor
has been operating a used auto parts and sales business.

This Plan of Reorganization proposes to pay creditors of the Debtor
from the sale of assets.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately .2 cents on the dollar. This Plan also provides
for the payment of administrative and priority claims.

Class 6 consists of non-priority unsecured creditors. Unsecured
creditors will receive a total of approximately $4,000.00 which
will be distributed pro rata to all allowed unsecured claims.
Debtor will pay the total proceeds of the sale of all non-floor
planned vehicles distributed to unsecured creditors pro rata. It is
anticipated that this will yield approximately .2 cents on the
dollar of all unsecured allowed claims. This Class is impaired.

Class 7 consists of Equity security holders of the Debtor. Equity
interest holders shall receive 100% of the shareholder interests in
the reorganized Debtor.

The Plan will be implemented by the Debtor remitting payment to
creditors from the Debtor's cash flow derived from income as
indicated in the projections.

Upon Confirmation of the Plan, all property of the Debtor, tangible
and intangible, including, without limitation, licenses, furniture,
fixtures, and equipment, will revert free and clear of all Claims
and Equitable Interests except as provided in the Plan, to the
Debtor. The Debtor expects to have sufficient cash on hand to make
the payments required on the Effective Date.

A full-text copy of the Plan of Reorganization dated December 22,
2025 is available at https://urlcurt.com/u?l=jRS8P2 from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Peter A. Orville, Esq.
     ORVILLE & McDONALD LAW, P.C.
     30 Riverside Drive
     Binghamton, NY 13905
     Telephone: (607) 770-1007

                         About Wahl to Wahl Auto LLC

Wahl to Wahl Auto LLC, doing business as Wahl To Wahl Car Sales,
operates a 34-acre auto recycling facility and used car dealership
in Otsego County, New York.

Wahl to Wahl Auto LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No.
25-60846) on Sept. 22, 2025.  At the time of filing, the Debtor
disclosed $1,096,667 in assets and $1,925,266 in liabilities.  The
petition was signed by Anthony S Wahl as sole member.

Peter A. Orville, Esq. at Orville & McDonald Law, P.C., is the
Debtor's counsel.


WILD CARGO: Amends Unsecured Claims Pay Details
-----------------------------------------------
Wild Cargo Pets, Inc., submitted a Final Amended Plan of
Reorganization dated December 22, 2025.

The Debtor's financial projections show that the Debtor will have
projected disposable income of $60,000.

One of the Officers of Wild Cargo Pets, Inc. is prepared to commit
$128,000 which is being provided by an independent source. This
will fund fees and a substantial portion of the priority debt. This
will enable Debtor to fund its remaining obligations during the
life of the plan.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from Debtors operations, or supplements if
necessary.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the Debtor has valued at approximately
5 cents on the dollar.  This Plan also provides for the payment of
administrative and priority claims.

Class 2 consists of Non-Priority Unsecured Claims.  Each
non-priority unsecured claim will be paid in 72 equal payments
beginning fourteen days after the effective date of the plan.
Unsecured claims will be paid at .05/$1.00.

     * The Florida Department of Revenue Claim in the amount of
$23,164 will be paid in the aggregate amount of $1,158.18 in sixty
monthly payments of $19.30.

     * The Florida Power and Light claim in the amount of $2,119
will be paid in the aggregate amount of $105.91 in sixty monthly
payments of $1.77.

Class 3 Equity Security Holders of the Debtor. Each security holder
shall retain their interest in the Debtor. No distributions or
dividends shall be made by the Debtor to any Class Equity Security
Holder until such time as all allowed administrative expense
claims, priority tax claims, statutory fees, class 1 priority
Claims and Class 2 Non-Priority unsecured creditors are paid in
full.

As has been noted previously, one the Shareholders of Wild Cargo
Pets is prepared to commit $128,000 which it will use to meet its
obligation under the plan. Moreover, if at any time Wild Cargo
appears to be unable to make a payment, further cash infusions are
anticipated.

A full-text copy of the Final Amended Plan dated Dec. 22, 2025 is
available at https://urlcurt.com/u?l=ekvvl7 from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     John Weinberg, Esq.
     Weinberg Law Firm, P.A.
     2000 palm Beach Lakes Blvd., Suite 701
     West Palm Beach, FL 33409
     Telephone: (561) 355-0901

                     About Wild Cargo Pets

Wild Cargo Pets, Inc., is an agricultural supply store.

The Debtor sought relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 24-18380) on Aug. 19, 2024, listing
under $1 million in both assets and liabilities.

Judge Erik P. Kimball oversees the case.

The Debtor tapped John Weinberg, at Weinberg Law Firm, P.A., as
counsel.


YALDA REAL: Lenders Seek to Prohibit Cash Collateral Access
-----------------------------------------------------------
Debra and Frank Smith ask the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, to prohibit Yalda
Real Estate Group, LLC from using cash collateral.

The Smiths assert that they are secured creditors holding two real
estate lien notes totaling more than $4.4 million in original
principal, secured by deeds of trust on three properties in
Montgomery County, Texas, as well as a third note related to unpaid
2023 property taxes. Under the deeds of trust, the Smiths hold a
perfected assignment of all present and future rents and income
from the properties, including monthly tenant rent and billboard
income, which they contend constitutes their cash collateral. They
expressly state that they have not consented to any use of this
cash collateral and emphasize that a prior court order entered
shortly after the November 3, 2025 filing date expressly prohibited
use of cash collateral absent consent or court authorization and
required segregation of such funds in a separate account.

The Smiths allege that, despite being in bankruptcy for more than
six weeks, the Debtor has failed to file a cash collateral motion,
provide a budget, segregate rents, or produce an accounting of cash
collateral received and used post-petition, despite repeated
requests. They further contend that the Debtor is collecting in
excess of $12,000 per month in rental income from at least one
property while failing to demonstrate that these funds are being
preserved. In addition, the Smiths argue that their interests are
not adequately protected because the Debtor has failed to provide
sufficient proof of insurance as required by the loan documents and
the court’s order. They assert that the insurance information
provided is incomplete, deficient, or limited to lessor's risk
coverage, does not list them as mortgagee or additional insured,
may be subject to inspection contingencies, and does not include
flood coverage. They also allege that one vacant property was
vandalized post-petition and remains unsecured, with no police
report or proof of remediation provided.

Based on these alleged failures, the Smiths request that the court
prohibit any further use of cash collateral, order immediate
segregation of all rents and proceeds, require a full accounting of
all cash received and disbursed since the petition date, compel the
Debtor to provide proper insurance coverage and secure all
properties against further damage, and require follow-up with law
enforcement regarding the vandalism. Alternatively, they ask the
court to dismiss the Chapter 11 case at the upcoming status
conference for failure to comply with the court's prior order,
noting that the Debtor's schedules list no general unsecured
creditors and arguing that dismissal is therefore appropriate and
would not prejudice unsecured parties.

A copy of the motion is available at https://urlcurt.com/u?l=ZTzPj8
from PacerMonitor.com.

                  About Yalda Real Estate Group LLC

Yalda Real Estate Group, LLC sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No.
25-36650) on November 3, 2025. In its petition, the Debtor
disclosed up to $10 million in both assets and liabilities.

Honorable Bankruptcy Judge Jeffrey P. Norman handles the case.

The Debtor is represented by Larry A. Vick, Esq.

Debra and Frank Smith, as secured creditors, are represented by:

   Preston T. Towber, Esq.
   The Towber Law Firm, PLLC
   1111 Heights Blvd
   Houston, TX 77008
   Tel: (832) 485-3555
   Fax: (832) 626-3953
   preston@towberlaw.com


ZEPHYR HOSPITALITY: Seeks Chapter 11 Bankruptcy in California
-------------------------------------------------------------
On December 23, 2025, Zephyr Hospitality LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of California. According to court filings, the debtor reports
between $0 and $100,000 in debt owed to between 1 and 49
creditors.

                 About Zephyr Hospitality LLC

Zephyr Hospitality LLC is a limited liability company that manages
and operates hospitality and lodging properties. The company
provides guest accommodations and related hospitality services.

Zephyr Hospitality LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-10808) on December
23, 2025. In its petition, the debtor reports estimated assets in
the range of $0 to $100,000 and estimated liabilities between $0
and $100,000.

The Honorable William J. Lafferty handles the case.


ZYNEX INC: Final DIP Financing Hearing Set for Jan. 13
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, is set to hold a hearing on January 13 to
consider final approval of the motion by Zynex, Inc. and affiliates
to obtain post-petition financing.

The Debtors previously received interim court approval to obtain an
initial $10.15 million under a senior secured debtor-in-possession
credit agreement, with Wilmington Savings Fund Society, FSB, as
administrative and collateral agent. The lenders committed to
provide up to $22.3 million.

The DIP financing would grant the lenders superpriority
administrative expense claims and liens on DIP collateral.

The DIP facility is due and payable on the date that is the earlier
to occur of:

   (a) 105 days after the petition date;
   (b) The date the DIP obligations are accelerated pursuant to the
terms of the DIP documentation based on the occurrence of an event
of default; and
   (c) Consummation of a sale of all or substantially all of the
assets or capital stock of the Debtors pursuant to a plan of
reorganization or 11 U.S.C. Section 363.

The Debtors are required to comply with these milestones:

   1. No later than three business days following the petition
date, the bankruptcy court must have entered the interim order;
   2. No later than 10 business days following the petition date,
the loan parties must have delivered the list and copies of all
operating permits, and identification of all permit approval
requirements with respect to the operating permits in the material
jurisdictions;
   3. No later than 25 business days following the petition date,
the loan parties must have delivered to the required DIP lenders
(i) identification of all permit approval requirements, with
supporting written analysis for such determinations and (ii) the
work plan;
   4. No later than 30 days following the petition date, the court
must have entered: (i) the final order; (ii) the bidding procedures
order; and (iii) the order granting the motion seeking approval of
the Debtors' proposed KEIP and KERP (each in form and substance
acceptable to the required lenders in their sole and absolute
discretion);
   5. No later than 30 days following the petition date, loan
parties must have filed their motion seeking approval of a
disclosure statement and solicitation procedures with respect to
the plan of reorganization contemplated in connection with the
restructuring transactions;
   6. No later than 60 days following the petition date, the court
must have entered its order approving the disclosure statement and
solicitation procedures;
   7. No later than 75 days following the petition date, the bid
deadline must have expired;
   8. No later than 90 days following the petition date, the
auction, if any, must have occurred;
   9. No later than 95 days following the petition date, the court
must have entered the confirmation order approving the plan of
reorganization, the order approving the sale (which may be a
confirmation order) (in each case, in form and substance acceptable
to the Required Lenders in their sole and absolute discretion);
and
  10. No later than 105 days following the petition date, the sale
must have been consummated pursuant to definitive documentation
acceptable in form and substance to the required lenders in their
sole and absolute discretion.

The Debtors contend this DIP financing is the only feasible option
to stabilize operations and provide a path toward a successful
chapter 11 outcome.

The Debtors' pre-petition capital structure consists primarily of
$60 million in unsecured convertible notes and a $3 million
receivables factoring facility, leaving them with insufficient
liquidity to sustain operations post-petition. To address this, the
Debtors developed a 13-week budget accounting for working capital
needs, restructuring costs, vendor payments, and the impact of the
bankruptcy filing. They argued the DIP facility is essential to
preserve going-concern value, maintain vendor confidence, continue
a value-maximizing asset sale process, and avoid immediate
liquidation that would harm employees, customers, and creditors.

The financing was negotiated at arm's length with an ad hoc group
of convertible noteholders amid severe financial and regulatory
challenges, including suspended TriCare payments, Department of
Justice and SEC investigations, workforce reductions, deteriorating
liquidity, and missed interest payments. Despite extensive efforts
by the Debtors and their advisor to solicit alternative financing
from more than 55 potential investors, no viable alternatives
emerged. Ultimately, the DIP facility was secured only after CEO
Steven Dyson committed an additional $2 million to the initial
draw, demonstrating confidence and enabling the ad hoc group to
finalize funding.

A copy of the interim DIP order is available at:

   http://bankrupt.com/misc/ZynexInc__InterimDIPOrder.pdf

                   About Zynex Inc.

Zynex Inc. is a medical technology firm specializing in
non-invasive devices for pain management and rehabilitation.

Zynex Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-90810) on December 15, 2025. In
its petition, the Debtor reports estimated assets and liabilities
between $50 million and $100 million each.

Honorable Bankruptcy Judge Alfredo R. Perez handles the case.

The Debtor is represented by Omar Jesus Alaniz, Esq. of Reed Smith,
LLP.



[] 10 Leading Illinois Companies That Filed Bankruptcy in 2025
--------------------------------------------------------------
Saheba Khatun of Whatnow Chicago reports that in 2025, a number of
Illinois construction, transportation, and logistics firms entered
bankruptcy proceedings amid mounting financial challenges. Many of
the companies pursued bankruptcy protection as a means of
restructuring obligations and preserving their businesses.

The cases underscore how 2025's economic conditions affected core
industries across the state. Included below are notable Illinois
companies that filed for bankruptcy in 2025, ranging from
transportation operators to construction businesses.

1. Luther Oaks, Inc. (February 4, 2025, Case No. 25-01706)

2. AZA Transportation (May 14, 2025, Case No. 25-07409)

3. Nortia Logistics Inc. (June 9, 2025, Case No. 25-0869)

4. Dolche Truckload Corp. (June 15, 2025, Case No. 25-09093)

5. Harold's Chicken of Homewood (June 27, 2025, Case No. 25-11428)

6. Team Champions (August 8, 2025, Case No. 25-12121)

7. VP Direct (November 6, 2025, Case No: 25-17208)

8. Crown Cars & Limousines (November 20, 2025, Case No. 25-17979)

9. North American Builders Supply Inc. (December 3, 2025, Case No.
25-18572)

10.Peoria Charter Coach Company (December 11, 2025, Case No.
25-80900)


[^] BOOK REVIEW: The Titans of Takeover
---------------------------------------
Author:     Robert Slater
Publisher:  Beard Books
Softcover:  252 pages
List Price: $34.95

Order your personal copy at
http://www.beardbooks.com/beardbooks/the_titans_of_takeover.html  


Once upon a time -- and for a very long while -- corporate
behemoths decided for themselves when and if they would merge.  No
doubt such decisions were reached the civilized way, in a proper
men's club with plenty of good brandy and better cigars.  Like
giants, they strode Wall Street, fearing no one save the odd
trust-busting politico, mutton-chopped at the turn of the twentieth
century, perhaps mustachioed in the 1960s when the word was no
longer trust but monopoly.

Then came the decade of the 1980s.  Enter the corporate raiders,
men with cash in hand, shrewd business sense, and not a shred of
reverence for the Way Things Have Always Been Done.  These
businesspeople -- T. Boone Pickens, Carl Icahn, Saul Steinberg, Ted
Turner -- saw what others missed: that many of the corporate giants
were anomalies, possessed of assets well worth possessing yet with
stock market performances so unimpressive that they could be had
for bargain prices.

When the corporate raiders needed expert help, enter the investment
bankers (Joseph Perella and Bruce Wasserstein) and the M&A
attorneys (Joseph Flom and Martin Lipton).  And when the merger
went through, enter the arbitragers who took advantage of stock
run-ups, people like Ivan "Greed is Good" Boesky.

The takeover frenzy of the 1980s looked like a game of Monopoly
come to life, where billion-dollar companies seemed to change
ownership as quickly as Boardwalk or Park Place on a sweet roll of
dice.

By mid-decade, every industry had been affected: in 1985, 3,000
transactions took place, worth a record-breaking $200 billion. The
players caught the fancy of the media and began showing up in the
news until their faces were almost as familiar to the public as the
postman's.  As a result, Jane and John Q. Citizen's in Wall Street
began its climb from near zero to the peak where (for different
reasons) it is today.

What caused this avalanche of activity?  Three words: President
Ronald Reagan.  Perhaps his most firmly held conviction was that
Big Business was Being shackled by the antitrust laws, deprived a
fair fight against foreign competitors that has no equivalent of
the Clayton Act in their homelands.

Reagan took office on Jan. 20, 1981, and it wasn't long after that
that his Attorney General, William French Smith, trotted before the
D.C. Bar to opine that, "Bigness does not necessarily mean badness.
Efficient firms should not be hobbled under the guise of antitrust
enforcement."  (This new approach may have been a necessary
corrective to the over-zealousness of earlier years, exemplified by
the Supreme Court's 1966 decision upholding an enforcement action
against the merger of two supermarket chains because the Court felt
their combined share of 8% (yes, that's "eight percent") of the Los
Angeles market was potentially anticompetitive.)

Raiders, investment bankers, lawyers, and arbitragers, plus the fun
couple Bill Agee and Mary Cunningham --remember them? -- are the
personalities Profiled in Robert Slater's book, originally
published in 1987, Slater is a wonderful writer, and he's given us
a book no less readable for being absolutely stuffed with facts,
many of them based on exclusive behind-the-scenes interviews.

                        About The Author

Robert Slater (1943-2014) was an American author and journalist. He
was known for over two dozen books, including biographies of
political and business figures like Golda Meir, Yitzhak Rabin,
George Soros, and Donald Trump.  Slater graduated with honors from
the University of Pennsylvania in 1966, with a degree in political
science.  He received a master's degree in international relations
from the London School of Economics in 1967.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2026.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
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The single-user TCR subscription rate is $1,400 for six months
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                   *** End of Transmission ***