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260113.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, January 13, 2026, Vol. 30, No. 13 Headlines 4415-4421 NY: Case Summary & One Unsecured Creditor 52 SALEM: Seeks Chapter 11 Bankruptcy in Massachusetts 741 INC: Plan Exclusivity Period Extended to March 26 7EAVEN GLOBAL: Seeks Chapter 11 Bankruptcy in Georgia ACCESS OHIO: Case Summary & 20 Largest Unsecured Creditors AD1 RESOURCES: Seeks Chapter 7 Bankruptcy in Georgia AETC INC: Seeks to Hire Gordon Law Firm PC as Bankruptcy Counsel AETC INC: Seeks to Hire Refuge Law PLLC as Co-Counsel ALLIANCE HOME: Hires Farsad Law Office P.C. as Bankruptcy Counsel AMERIGO METAL: Unsecureds Will Get 33% of Claims over 60 Months ANCESTRAL WISDOM: Seeks Chapter 7 Bankruptcy in Georgia AQUA SPAS: Court OKs Deal to Use Cash Collateral Until Feb. 5 ARCHDIOCESE OF NEW ORLEANS: Contempt Order v. Trahant Upheld ARDENT PROTECTION: Section 341(a) Meeting of Creditors on Feb. 17 ASH GROVE: Updates Restructuring Plan Disclosures ASTER OILFIELD: Gets Final OK to Use Cash Collateral AUGUSTA QUALITY: Seeks Chapter 11 Bankruptcy in Georgia BACCI CAFE: Gets Interim OK to Use Cash Collateral BAUDAX BIO: Plan Exclusivity Period Extended to February 11 BEAN BROTHERS: Gets Extension to Access Cash Collateral BICK GROUP: Seeks to Extend Plan Exclusivity to February 12 BIG MIKES: Unsecured Creditors to Split $4K over 3 Years BIG STORM BREWERY: Gets Extension to Access Cash Collateral BLACK DIAMOND: Denial of Automatic Stay in Case v. Regulator Upheld BLACK PEARL: Court Narrows Claims in Pearl Delta, et al. Case BOY SCOUTS: SCOTUS Refuses to Hear Chapter 11 Plan Appeal BUILDSOL LLC: Case Summary & 20 Largest Unsecured Creditors BURGESS POINT: Moody's Affirms 'Caa2' CFR, Outlook Stable C.R. OF COOSA: Seeks Chapter 7 Bankruptcy in Georgia CALDERONE SUBS: Seeks to Hire Middlebrooks Shapiro PC as Counsel CARDINAL MEDICAL: Seeks Chapter 11 Bankruptcy in Florida CCA CONSTRUCTION: Plan Exclusivity Period Extended to April 16 CENTRO DE ENVEJECIENTES: Hires Batista Law as Bankruptcy Counsel CHC901 LLC: Case Summary & 20 Largest Unsecured Creditors CHRIS REMODELING: Seeks Chapter 7 Bankruptcy in Illinois CITY MASSAGE: Court Extends Cash Collateral Access to Jan. 30 CITY ON A HILL: Gets Final OK to Use Cash Collateral CLASSIC CHRISTIAN: Seeks Chapter 11 Bankruptcy in Massachusetts CLEARWAY ENERGY: Moody's Affirms 'Ba2' CFR, Outlook Stable COLLECTIVE CONCEPTS: Loses Bid to Vacate In Rem Relief Order CONSTANT CARE: Gets Court OK to Use Cash Collateral CREDIT SUITE: Seeks Subchapter V Bankruptcy in Florida CRESCENT CITY: Unsecured Claims Under $20K to Recover 100% in Plan CRIOLLO ENTERPRISES: Seeks Chapter 7 Bankruptcy in Florida DELTA OAKS: Case Summary & Two Unsecured Creditors DEPLOYED SOLDIERS: Claims to be Paid from Available Cash & Income ECOVYST CATALYST: S&P Upgrades ICR to 'BB' on Sale of Business EMUNDSON INC: Hires Onsager Fletcher Johnson Palmer as Counsel EXCELL COMMUNICATIONS: Seeks to Extend Plan Exclusivity to Feb. 27 FIRST BRANDS: Court OKs Examiner Appointment to Probe Alleged Fraud FOUR SEASONS: Hires Ripley Doorn & Company PLLC as Bookkeeper GENESIS PROJECT: Hires Blossom Law PLLC as Bankruptcy Counsel GRAHAM PACKAGING: Moody's Ups CFR to B1 & Alters Outlook to Stable H&T WHOLESALE: Claims to be Paid from Disposable Income HERTZ GLOBAL: Justices Reject $272MM Solvent Debtor Case Appeal HIGHLAND CAPITAL: SCOTUS Refuses to Hear Chapter 11 Bias Claims HYDE ENVIRONMENTAL: Case Summary & 20 Largest Unsecured Creditors HYDE ENVIRONMENTAL: Seeks Chapter 11 Bankruptcy in Florida IN HOME PROGRAM: Court Extends Cash Collateral Access to Feb. 27 INGLES PRODUCE: Gets OK to Use Cash Collateral Until Feb. 19 INNOVATIVE SOLUTIONS: Seeks Chapter 7 Bankruptcy in Florida ISLANDMAN INVESTMENTS: Seeks Chapter 11 Bankruptcy in Georgia KATIE KAHANOVITZ: Updates BayFirst National Secured Claim Pay KCAP DOMINIK: Gets Interim OK to Use Cash Collateral KCAP DOMINIK: Hires Condon Tobin Sladek Sparks as Attorney KCAP RE FUND: Hires Condon Tobin Sladek Sparks as Attorney KELLER INSPECTION: Seeks Chapter 7 Bankruptcy in Florida KINGSBOROUGH ATLAS: Trustee Taps Rincon Law LLP as General Counsel LAKE FAMILY PRACTICE: Gets OK to Use Cash Collateral Until Jan. 27 LANGUAGE KIDS: Voluntary Chapter 11 Case Summary LILYDALE PROGRESSIVE: Cash Collateral Hearing Set for Jan. 14 LOVE CHAPEL: Voluntary Chapter 11 Case Summary LOVING KINDNESS: Amends Priority Tax Claims Details LSF12 CROWN: S&P Retains 'B-' Issuer Credit Rating, Outlook Pos. LSF12 HELIX: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable LTR HOLDINGS: Seeks Subchapter V Bankruptcy in Louisiana M & N STRUCTURES: Files Amendment to Disclosure Statement MADIJAC LLC: Seeks Chapter 11 Bankruptcy in Florida MAIYA WISH: Case Summary & 20 Largest Unsecured Creditors MEYER BURGER: US Units Strike Deal w/ Creditors to Exit Bankruptcy MICK'S GRASS: Case Summary & 20 Largest Unsecured Creditors NAKOMA CONSTRUCTION: Seeks Chapter 7 Bankruptcy in Florida NATURE'S WAX: Gets Interim OK to Use Cash Collateral Until Feb. 5 NICKLAUS COMPANIES: IP Dispute Delays DIP Approval in Chapter 11 NOBLE LIFE: Court Extends Cash Collateral Access to Feb. 28 PAPPAS PIPING: Case Summary & 20 Largest Unsecured Creditors PARADOX ENTERPRISES: Cash Collateral Access Extended to Jan. 30 PEPPER PALACE: Saratoga Investment Marks $1MM Loan at 47% Off PEPPER PALACE: Saratoga Investment Marks $2.4MM 1L Loan at 47% Off PEPPER PALACE: Saratoga Investment Marks $400,000 Loan at 47% Off PINNACLE GROUP: Summit Wins Auction to Buy Bankrupt NYC Apartment PRAESUM HEALTHCARE: Cash Collateral Hearing Set for Jan. 14 PRIMALEND CAPITAL: Amends Several Secured & Unsecured Claims Pay PROTECH PLUMBING: Seeks Chapter 11 Bankruptcy in Ohio R.W. SIDLEY: Seeks to Extend Plan Exclusivity to April 28 REALTELLIGENCE LLC: Seeks Chapter 11 Bankruptcy in Georgia RELATIVITY HOLDCO: Moody's Assigns First Time 'B2' CFR RIVERA FAMILY: Seeks to Hire Curry Advisors as Bankruptcy Counsel ROBERT SMITH: Seeks Chapter 7 Bankruptcy in Georgia RUBICON MECHANICAL: Court to Hold Cash Collateral Hearing Today S & T FARMING: Seeks Chapter 12 Bankruptcy in Maryland SDLOMO PARTNERS: Seeks to Hire Center City Law Offices as Counsel SHAI CREATES: Hires Neeleman Law Group P.C. as Bankruptcy Counsel SIESTA HOSPITALITY: Seeks Chapter 11 Bankruptcy in Florida SIGNATURE YHM: Seeks to Extend Plan Exclusivity to February 13 SMART COMMUNICATIONS: Seeks Chapter 11 Bankruptcy in Florida SOUTH FLORIDA: July 6 Governmental Claims Bar Date SPAC RECOVERY: Gets OK to Obtain $500,000 Loan From SPV Lit Fund SPIRIT AIRLINES: Wins Bid to Dismiss Carmen Lawsuit SPIRITRUST LUTHERAN: Committee Taps Pillar Aught LLC as Co-Counsel SPIRITRUST LUTHERAN: Committee Taps Porzio Bromberg as Co-Counsel STARK MANUFACTURING: Customer Group's Bid for Receiver Denied SUIRAD GROUP: Amends Several Secured Claims Pay Details TODDS HEATING: Seeks Chapter 7 Bankruptcy in Kentucky TRINITY AUTO: Seeks to Hire Genova Burns LLC as Bankruptcy Counsel UPGRADE SALON: Taps Jeremy T. Wood PLLC as Lead Bankruptcy Counsel US MAGNESIUM: Taps Parr Brown Gee as Special Environmental Counsel USA STAFFING: Affiliate Gets Extension to Access Cash Collateral VISIONWRIGHTS LLC: Seeks Chapter 11 Bankruptcy in Georgia VIVACE HOSPITALITY: Gets Final OK to Use Cash Collateral WARREN'S READY-MIX: Court Extends Cash Collateral Access to Feb. 4 WATCHTOWER FIREARMS: Updates Unsecured Claims Details WC 707 CESAR: Seeks to Hire Hayward PLLC as Bankruptcy Counsel WELLPATH HOLDINGS: Court Lifts Stay, Reopens Griffin, et al. Case WISCONSIN & MILWAUKEE: Lenders Lose Bid for Stay Relief ZOLLEGE PBC: Saratoga Investment Marks $1.5MM 1L Loan at 22% Off ********* 4415-4421 NY: Case Summary & One Unsecured Creditor --------------------------------------------------- Debtor: 4415-4421 NY Ave LLC 30 Amherst Street Brooklyn, NY 11235 Business Description: 4415-4421 NY Ave LLC owns an eight-unit residential building under construction at 4415-4421 New York Avenue in Union City, New Jersey. Chapter 11 Petition Date: January 7, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-40083 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN P.C. 100 Merrick Road Suite 304W Rockville Centre NY 11570-4807 Tel: (516) 284-0900 Email: charles@cwertmanlaw.com Total Assets: $750,004 Total Liabilities: $2,544,434 The petition was signed by Marc Tauber as chief restructuring officer. The Debtor identified 1S REO Opportunity 1 LLC, represented by DR Lavoie Law PLLC in New York, NY 10022, as its only unsecured creditor, with a claim totaling $1,794,434. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IZQVGNI/4415-4421_NY_AVE_LLC__nyebke-26-40083__0001.0.pdf?mcid=tGE4TAMA 52 SALEM: Seeks Chapter 11 Bankruptcy in Massachusetts ------------------------------------------------------ On January 5, 2026, 52 Salem Street LLC filed for Chapter 11 protection in the District of Massachusetts. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About 52 Salem Street LLC 52 Salem Street LLC is a single asset real estate company. 52 Salem Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10012) on January 05, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Christopher J. Panos handles the case. 741 INC: Plan Exclusivity Period Extended to March 26 ----------------------------------------------------- Judge Thomas B. McNamara of the U.S. Bankruptcy Court for the District of Colorado extended 741, Inc., d/b/a Wisdom Rides of America's exclusive periods to file a plan of reorganization and obtain acceptance thereof to March 26 and May 26, 2026, respectively. As shared by Troubled Company Reporter, the Debtor asserts ample cause exists for this Court to extend the Exclusive Filing Period and Solicitation Period for a period of 90 days, as follows: * The Debtor has been diligently working on catching up its tax filings so that its tax claim can be quantified. The Debtor's 2021 tax returns have been finalized, but the remaining returns are still being worked on. * The Debtor has not yet filed its bar date motion. As disclosed early in the case, the Debtor has a potential unknown class of creditors who will need to receive notice via publication. The Debtor is finalizing its research into some publication options, and expects to have the bar date motion on file in the next two-weeks or so. * An Unsecured Creditors' Committee was recently appointed and has not yet retained counsel. Extending the exclusivity period will give the Committee time to obtain counsel before a plan is filed. 741 Inc. is represented by: Jonathan M. Dickey, Esq. KUTNER BRINEN DICKEY RILEY, P.C. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Telephone: (303) 832-2400 E-mail: jmd@kutnerlaw.com About 741 Inc. 741 Inc., doing business as Wisdom Rides of America, manufactures and designs amusement rides from its base in Merino, Colorado. The Company produces attractions such as roller coasters, family rides, and thrill rides, and also provides refurbishment, parts, and maintenance services. Its products serve amusement parks, traveling carnivals, and family entertainment centers across the United States and internationally. 741 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-15550) on August 28, 2025. In its petition, the Debtor reports total assets of $1,425,326 and total liabilities of $6,760,662. Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY. 7EAVEN GLOBAL: Seeks Chapter 11 Bankruptcy in Georgia ----------------------------------------------------- On January 6, 2026, 7Eaven Global Construction LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About 7Eaven Global Construction LLC 7Eaven Global Construction LLC is engaged in the construction industry, offering services that include general contracting, renovations, and project oversight. The company assists residential and commercial clients with building projects by managing labor, materials, and timelines. 7Eaven Global Construction LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50223) on January 06, 2026. In its petition, the debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Lisa Ritchey Craig is overseeing the case. ACCESS OHIO: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Access Ohio, LLC 6400 East Broad St. #400 Columbus, OH 43215 Business Description: Access Ohio, LLC provides outpatient behavioral healthcare services focused on mental health and addiction treatment through a physician-led, multidisciplinary model that includes counselors, nurses, and case managers. Founded in 2006, the Company has developed a behavioral health network offering comprehensive, evidence-based services designed to address both clinical and psychosocial needs of individuals across Ohio. Chapter 11 Petition Date: January 9, 2026 Court: United States Bankruptcy Court Southern District of Ohio Case No.: 26-50089 Judge: Hon. Tiffany Strelow Cobb Debtor's Counsel: Myron N. Terlecky, Esq. STRIP HOPPERS LEITHART MCGRATH & TERLECKY CO. LPA 575 S. Third St Columbus, OH 43215 Tel: 614-228-6345 Fax: 614-228-6369 Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million John A. Johnson MD signed the petition as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NSBZAIQ/Access_Ohio_LLC__ohsbke-26-50089__0001.0.pdf?mcid=tGE4TAMA AD1 RESOURCES: Seeks Chapter 7 Bankruptcy in Georgia ---------------------------------------------------- On January 6, 2026, AD1 Resources LLC filed a voluntary petition for relief under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. The Debtor reports total debts of $100,001 to $1,000,000 owed to 1 to 49 creditors. About AD1 Resources LLC AD1 Resources LLC is a Florida-based company engaged in the ownership and development of oil, gas, and mineral assets. It focuses on monetizing energy-related properties through royalties, operating interests, and asset sales. AD1 Resources LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50242) on January 06, 2026. In its filing, the company disclosed estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Barbara Ellis-Monro presides over the case. AETC INC: Seeks to Hire Gordon Law Firm PC as Bankruptcy Counsel ---------------------------------------------------------------- AETC Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire The Gordon Law Firm PC as counsel. The firm will provide these services: a. analyzing Debtor's financial situation, and b. advising Debtor in determining whether to file a petition in bankruptcy; c. preparing and filing of any petition, schedules, statements of affairs, disclosure statement, and plan which may be required; and d. representing the Debtor at the Initial Debtor Interview, meeting of creditors and confirmation hearing, and any adjourned hearings thereof; e. drafting all necessary pleadings; responding to all pleadings filed by the trustee and creditors; f. attending all hearings; litigating at trial; and counseling Debtor. The firm will be paid at these rates: Attorneys $395 Office Administrators $195 Sr. Legal Assistants $175 Staff Members $155 The firm received a non-refundable retainer in the amount of $31,916.40. The firm has also received $150 for out-of-pocket expenses. Sims W. Gordon, Jr., a partner at Gordon Law Firm, PC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Sims W. Gordon, Jr., Esq. The Gordon Law Firm, PC 400 Galleria Parkway, SE, Suite 1500 Atlanta, GA 30339 Tel: (770) 955-5000 Fax: (770) 955-5010 Email: law@gordonlawpc.com About AETC Inc. AETC, Inc. owns and manages commercial real estate located at 1445 and 1453 Cleveland Avenue in East Point, in East Point, Georgia, with an estimated fair market value of $6.9 million. AETC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.Ge. Case No.: 25-62865) on November 4, 2025. In the petition filed by Shawnalea Garvin as chief executive officer, the Debtor disclosed total assets of $6,900,000 and total liabilities of $4,257,767. Judge Jonathan W. Jordan presides over the case. Sims W. Gordon, Jr. at The Gordon Law Firm PC, represents the Debtor as legal counsel. AETC INC: Seeks to Hire Refuge Law PLLC as Co-Counsel ----------------------------------------------------- AETC Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Refuge Law PLLC as co-counsel. The firm's services will include: a. analyzing Debtor's financial situation; b. rendering advice to Debtor in determining whether to file a petition in bankruptcy; c. preparing and filing of any petition, schedule affairs, disclosure statement, and plan which may be required; d. representing the Debtor at the IDI, meeting of creditors and confirmation hearing, and any adjourned hearings thereof; and e. drafting all necessary pleadings; responding to all pleadings filed by the trustee and creditors; attending all hearings; litigating at trial; and counseling Debtor. The firm's hourly rates are: Attorneys $395 Office Administrator $195 Legal Assistants $175 Staff Members $155 The firm received a retainer in the amount of $12,933.60. As disclosed in the court filings, Refuge Law PLLC does not hold or represent any interest adverse to the Debtor or the estate. The firm can be reached through: Troy D. Refuge, Esq. REFUGE LAW, PLLC 2727 Paces Ferry Rd SE Suite. 1-750 Atlanta, GA 30339 Tel: (404) 618-2733 Fax: (877) 496-5502 info@refugelaw.com About AETC Inc. AETC, Inc. owns and manages commercial real estate located at 1445 and 1453 Cleveland Avenue in East Point, in East Point, Georgia, with an estimated fair market value of $6.9 million. AETC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Georgia. Case No.: 25-62865) on November 4, 2025. In the petition filed by Shawnalea Garvin as chief executive officer, the Debtor disclosed total assets of $6,900,000 and total liabilities of $4,257,767. Judge Jonathan W. Jordan presides over the case. Sims W. Gordon, Jr. at The Gordon Law Firm PC, represents the Debtor as legal counsel. ALLIANCE HOME: Hires Farsad Law Office P.C. as Bankruptcy Counsel ----------------------------------------------------------------- Alliance Home Health & Hospice, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to hire Farsad Law Office, P.C. as counsel. The firm will render these services: a. advise the Debtor regarding its duties as a debtor-in-possession; b. prepare and prosecute motions, applications, and contested matters; c. negotiate with secured creditors, taxing authorities, and other stakeholders; d. assist with cash collateral, valuation, and plan-related matters; and e. prepare and confirm a feasible Subchapter V plan of reorganization. The firm's billing rates are: Arasto Farsad (Managing Partner) $400/hour Nancy Weng (Partner) $400/hour Paralegals $150/hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $50,000. Mr. Farsad disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Arasto Farsad, Esq. Farsad Law Office, P.C. 1625 The Alameda, Suite 525 San Jose, CA 95126 Telephone: (408) 641-9966 Facsimile: (408) 866-7334 Email: af@farsadlaw.com About Alliance Home Health & Hospice, LLC Alliance Home Health & Hospice, LLC provides home health and hospice care services, including skilled nursing, wound and diabetic care, therapy services, medical social work, and home health aide support for patients receiving care in their homes. The Company is based in Daly City, California, and serves San Francisco and surrounding areas. It develops and delivers individualized home health care services in coordination with patients and healthcare providers. On January 1, 2026, Alliance Home Health & Hospice, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-20001). The filing reports total assets of $234,526 and total liabilities of $1,822,524. The case is assigned to Bankruptcy Judge Christopher D. Jaime. The debtor is represented by Arasto Farsad, Esq., of Farsad Law Office, P.C. AMERIGO METAL: Unsecureds Will Get 33% of Claims over 60 Months --------------------------------------------------------------- Amerigo Metal Recycling, LLC submitted an Amended Disclosure Statement for the Plan of Reorganization dated January 6, 2026. The Debtor is a Georgia limited liability company with two members: Cammllarie and Cooper. Cammllarie owns 82% of the member interests and Cooper owns the remaining member interest of 18%. Cammllarie is selling 32% of his member interest to Buyer for $2,000,000, the Member Interest Purchase Agreement. The Purchase Proceeds will pass through Cammllarie to Debtor to fund the purchase and installation of the Copper Line that will increase Debtor's revenue which will fund Plan payments along with Debtor's current net operating income. The Plan is a comprehensive resolution of all potential claims against Debtor. The Plan provides for the treatment of all secured, priority, unsecured claims, administrative claims, and retention of equity interests of Debtor. Class 7 consists of the General Unsecured Creditors Allowed Claims that will receive approximately thirty-three percent of their claims on a Pro Rata Basis over sixty months from Debtor's projected disposal net income for 5 years beginning on the Effective Date of the Plan based upon the estimated total of General Unsecured Claims. The projected disposal net income over the course of 5 years is estimated to be $1,876,535. The Debtor estimates, but does not warrant, that the General Unsecured Claims total approximately $5,742,485. Debtor and Reorganized Debtor reserve the right to object to any Claim. Nothing herein shall constitute an admission as to the nature, validity, or amount of the claim. Class 7 is Impaired and is entitled to vote on the Plan. Class 9 consists of Equity Interests. On the Effective Date of the Plan, Cammllarie, IQAP, Inc., and Cooper will be the members of Debtor. Each shall retain their respective member interests in Debtor as of the Effective Date: Cammllarie (50%), IQAP, Inc. (32%), and Cooper (18%). Cammllarie receives gross annual income from Debtor in the amount of $150,000. Cammllarie sold 32% of his member interest to IQAP, Inc. but did not retain any of the Purchase Proceeds. Cammllarie contributed the Purchase Proceeds to Debtor to fund installation of the Copper Line to increase revenue to pay Allowed Claims under the Plan. Cammllarie also is the personal guarantor of the FH Loan and the SBA Loan. Cooper has provided operating capital loans to Debtor. IQAP, Inc. paid $2,000,000 for the purchase of an 18%-member interest in Debtor for funding of the Copper Line. The Debtor values its personal property, which includes office equipment, office furniture, accounts receivable, roll offs, trailers, trucks, small tools, and replacement parts at $6,438,695.00 (the "Personal Property"). The Personal Property is encumbered by the SBA first in priority lien and First Horizon’s second in priority lien. These liens total $6,586,163.83. Debtor values its vehicle, a Land Rover Defender at $60,000 (the "Defender"). Chase has a lien on the Defender in the amount of $83,392.49. Distributions and payments under the Plan shall be paid from Debtor's revenue. Debtor's projected August 2026 through December 2030 monthly income and expenses are set forth in the Plan budget attached hereto as Exhibit C (the "Budget"). A full-text copy of the Amended Disclosure Statement dated January 6, 2026 is available at https://urlcurt.com/u?l=q2wUhI from PacerMonitor.com at no charge. Amerigo Metal Recycling, LLC is represented by: Ceci Christy, Esq. ROUNTREE LEITMAN KLEIN & GEER, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 E-mail: cchristy@rlkglaw.com About Amerigo Metal Recycling Amerigo Metal Recycling, LLC operates a metal recycling business. Amerigo sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-57425) on July 1, 2025, listing up to $50,000 in assets and up to $50 million in liabilities. Jeffrey H. Cammllarie, manager, signed the petition. The Debtor tapped William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC as counsel, and Elite Tax Preparers as tax preparer. ANCESTRAL WISDOM: Seeks Chapter 7 Bankruptcy in Georgia ------------------------------------------------------- On January 06, 2026, Ancestral Wisdom LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About Ancestral Wisdom LLC Ancestral Wisdom LLC is a wellness-focused limited liability company that provides natural health products and services inspired by traditional and ancestral healing methods. Its offerings include herbal remedies, nutritional supplements, and spiritual wellness materials. Ancestral Wisdom LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50227) on January 06, 2026. In its petition, the debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. The case is assigned to Honorable Bankruptcy Judge Jeffery W. Cavender. AQUA SPAS: Court OKs Deal to Use Cash Collateral Until Feb. 5 ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Colorado approved a stipulation entered into by Aqua Spas, Inc., Wells Fargo Commercial Distribution Finance, LLC and the Colorado Department of Revenue on the use of cash collateral. Under the stipulation, Aqua Spas is authorized to use cash collateral through February 5 in accordance with an approved budget. The Debtor is also permitted to sell Wells Fargo's remaining collateral, with proceeds distributed first to Wells Fargo to satisfy its purchase-money security interest in each item sold and, thereafter, 20% of net proceeds to Wells Fargo and 10% to CDOR. As additional protection, the Debtor will pay CDOR $5,500 on or before January 15. Wells Fargo asserts a pre-bankruptcy lien arising from the Debtor's sale of collateral without remitting proceeds, and a site inspection confirms that some collateral remains in the Debtor's possession. CDOR, meanwhile, contends the Debtor owes substantial pre-bankruptcy sales tax, potentially entitled to priority status, though the amount remains disputed and subject to audit. The final hearing is scheduled for February 3. About Aqua Spas Inc. Aqua Spas Inc., also known as Spas R Us, sells and services hot tubs and swim spas through its locations in Fort Collins, Greeley, and Castle Rock, Colorado. The Company is a longtime dealer of Master Spas products, including the Michael Phelps Signature Swim Spa line. It also offers spa accessories, chemicals, filters, and related supplies, with shipping available for orders over $100. Aqua Spas Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14565) on July 22, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael E. Romero handles the case. The Debtor is represented by Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY. Wells Fargo Commercial Distribution Finance, LLC, as creditor, is represented by Stephen K. Dexter, Esq. at Lathrop GPM LLP. ARCHDIOCESE OF NEW ORLEANS: Contempt Order v. Trahant Upheld ------------------------------------------------------------ In the appeal styled Richard C. Trahant, Appellant, v Official Committee of Unsecured Creditors; Roman Catholic Church of the Archdiocese of New Orleans; Apostolates; Abuse Claimants, Appellees, No. 23-30466 (5th Cir.), Judges Priscilla Richman, Andrew S. Oldham and Irma Carrillo Ramirez of the United States Court of Appeals for the Fifth Circuit affirmed the judgment of the United States District Court for the Eastern District of Louisiana that upheld the bankruptcy court's finding of contempt and imposition of sanctions against Richard Trahant. This case arises out of the ongoing bankruptcy proceeding involving the Roman Catholic Church of the Archdiocese of New Orleans. Richard Trahant received confidential information regarding sexual abuse allegations against a New Orleans priest while serving as state court counsel for several alleged victims of sexual abuse who were also members of the Official Committee of Unsecured Creditors. Despite a protective order prohibiting the disclosure of confidential information revealed during discovery, Trahant contacted the principal of a local high school to confirm that the priest remained the high school's chaplain. Trahant then sent an email to a journalist listing the priest's name in the subject line, identifying where the priest was employed, and advising the journalist to keep this guy on your radar. The bankruptcy court held Trahant in contempt for violating the protective order and sanctioned him for his conduct. The district court affirmed. Trahant asserts that the bankruptcy court erred in three ways. First, he argues the bankruptcy court's June 7, 2022 Order violated his right to procedural due process by holding him in contempt and imposing sanctions without notice or the opportunity to be heard. Second, he contends that the bankruptcy court lacked jurisdiction to find him in contempt and impose the $400,000 sanction in the October 11, 2022 Order because an earlier appeal divested the bankruptcy court of jurisdiction over the matter. Third, Trahant argues that the bankruptcy court abused its discretion by finding him in contempt and sanctioning him for his conduct. The panel holds, "Because we conclude that the bankruptcy court afforded Trahant due process, had jurisdiction, and did not abuse its discretion, we affirm the district court's judgment." A copy of the Court's Order dated January 2, 2026, is available at https://urlcurt.com/u?l=HwOw4x About Roman Catholic Church of The Archdiocese Of New Orleans The Roman Catholic Church of the Archdiocese of New Orleans -- https://www.nolacatholic.org/ -- is a non-profit religious corporation incorporated under the laws of the State of Louisiana. Created as a diocese in 1793, and established as an archdiocese in 1850, the Archdiocese of New Orleans has educated hundreds of thousands in its schools, provided religious services to its churches and provided charitable assistance to individuals in need, including those affected by hurricanes, floods, natural disasters, war, civil unrest, plagues, epidemics, and illness. Currently, the archdiocese's geographic footprint occupies over 4,200 square miles in southeast Louisiana and includes eight civil parishes: Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John the Baptist, St. Tammany, and Washington. The Roman Catholic Church for the Archdiocese of New Orleans sought Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1, 2020. The archdiocese was estimated to have $100 million to $500 million in assets and liabilities as of the bankruptcy filing. Judge Meredith S. Grabill oversees the case. Jones Walker, LLP and Blank Rome, LLP, serve as the archdiocese's bankruptcy counsel and special counsel, respectively. Donlin, Recano & Company, Inc., is the claims agent. The U.S. Trustee for Region 5 appointed an official committee of unsecured creditors on May 20, 2020. The committee is represented by the law firms of Pachulski Stang Ziehl & Jones, LLP and Locke Lord, LLP. Berkeley Research Group, LLC is the committee's financial advisor. ARDENT PROTECTION: Section 341(a) Meeting of Creditors on Feb. 17 ----------------------------------------------------------------- On January 7, 2026, Ardent Protection LLC filed for Chapter 11 protection in the Southern 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 February 17, 2026 at 08:30 AM at by U.S. Trustee TELECONFERENCE. To participate call 888-330-1716 passcode 5155182. About Ardent Protection LLC Ardent Protection LLC offers professional security and protection services, including on-site guarding, safety consulting, and risk mitigation. Ardent Protection LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10122) on January 07, 2026. In its petition, the debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Scott M. Grossman handles the case. The debtor is represented by Robert A. Gusrae, Esq. ASH GROVE: Updates Restructuring Plan Disclosures ------------------------------------------------- Ash Grove Dairy, LLP submitted an Amended Disclosure Statement describing Plan of Reorganization dated January 7, 2026. The Debtor believes that the Plan as proposed is feasible based on the financial projections for the next five years as reflected in the Cash Flow Analysis five-year (2026-2031) forecast prepared by the Debtor. The Cashflow Analysis projects a steady level of Total Net Revenues for each year for the next five-year period, which is higher. Likewise, the Cashflow Analysis shows a steady level of Total Commodity Gross Profit for each year for the next five-year period, which is also comparably higher. The Cashflow Analysis shows increased costs and expenses; however, the five-year projections show sufficient Net Income Before Taxes, which is projected to be higher than 2025 figures and which the Debtor believes is sufficient to justify the Debtor's Amended Plan dated January 7, 2025. Like in the prior iteration of the Plan, Class 13a consists of all unsecured creditors who timely file a Proof of Claim which is not objected to, or are listed on the Debtor's Schedules or Amendments, that are not listed by the Debtor as disputed, contingent, or unliquidated and have claims of $12,000.00 or less, or elect to reduce their claim to a sum of $12,000.00. The Debtor estimates that this class will consist of approximately 18 creditors with a total indebtedness of approximately $35,253.83. This class of creditors will be paid 10% of their allowed claim within one year after the effective date of the Plan, without interest. Any creditor in this class may elect to be part of Class 13b to receive interest on its claim. If any creditor in this class fails to elect a preferred payment, or failed to ballot on the Plan, then that creditor's claim shall be paid in accordance with Class 13b. Class 13b shall consist of all unsecured creditors with claims that exceed $12,000.00, who have timely filed a Proof of Claim which is not properly objects to or listed on the Debtor's Schedules, or Amendments, that are not listed by the Debtor as disputed, contingent or unliquidated, or those creditors who obtained a Court Order allowing their claim. The Debtor estimates this Class of creditors to consist of approximately 17 creditors and to be owed approximately $6,024,526.84. These claimants shall have the election to have their claims treated as follows: * Five percent of their allowed claim, without interest, paid with equal annual payments over a term of seven years. The first payment to be made within one year from the effective date of the Plan, and continuing annually thereafter for a full term of seven years, or * Five percent of their allowed claim, with interest at the rate of 3% per annum paid over a term of twenty years, with the first annual payment to begin within one year from the effective date of the Plan, and continuing annually thereafter. * If any creditor fails to elect the preferred treatment, or fails to ballot on the Plan, then that creditor's claim shall be paid in accordance with subdivision A of this Class, which is 5% of its claim paid over a term of 7 years without interest. These financial projections illustrate that the Debtor, will have available necessary cash to fund the Plan of Reorganization after Confirmation; have the ability to generate future cash flows sufficient to make the payments called for under the Plan and necessary to continue in business; and other than vagaries of its operations and markets and general economic conditions there are no factors which might make it impossible for the Debtor, to accomplish that which it promises under the terms of the Plan or allow it to continue in business as contemplated under the Plan. A full-text copy of the Amended Disclosure Statement dated January 7, 2026 is available at https://urlcurt.com/u?l=bdBUk7 from PacerMonitor.com at no charge. The Debtor's Counsel: David C. McLaughlin, Esq. FLUEGEL ANDERSON MCLAUGHLIN & BRUTLAG 129 2nd Street NW Ortonville, MN 56278 Tel: 320-839-2549 E-mail: dmclaughlin@fluegellaw.com About Ash Grove Dairy LLP Ash Grove Dairy, LLP operates a commercial Holstein dairy farm in Lake Benton, Minnesota. It manages approximately 2,000 milking cows on a 55-acre property, focusing on milk production and the breeding of high-quality Registered Holsteins. It also operates a renewable natural gas facility that converts manure into pipeline-grade fuel. Ash Grove Dairy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-31794) on June 2, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Judge Katherine A. Constantine handles the case. The Debtor is represented by David C. McLaughlin, Esq., at Fluegel, Anderson, McLaughlin and Brutlag. ASTER OILFIELD: Gets Final OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of West Virginia granted Aster Oilfield Services, Inc. final approval to use cash collateral to fund operations. Under the final order, the Debtor is authorized to use cash collateral solely to pay operating expenses and administrative costs in strict accordance with an approved budget, excluding the listed attorney expense. This authority is intended to allow continued operations during the early stages of the Debtor's Chapter 11 case. As adequate protection, the court granted taxing authorities and the secured lender first-priority replacement liens on all of the Debtor's assets, with the same priority, validity, and extent as their pre-bankruptcy liens. The replacement liens are deemed automatically perfected without the need for additional filings. The final order is available at https://is.gd/ehb3Dn from PacerMonitor.com. Based on the Debtor's books and records, and a review of the online public records maintained by Belmont County, Ohio, and the Ohio Secretary of State, these creditors have or may claim to have security interests in the cash collateral: LG Funding, LLC and the Internal Revenue Service. The Internal Revenue Service has seven recorded tax liens in the Office of the Belmont County Recorder while LG Funding has a recorded UCC financing statement with the Ohio Secretary of State. The Debtor believes the IRS is fully secured by a combination of accounts receivable, which constitute cash collateral, and other existing assets. It is uncertain whether, and to what extent, LG Funding is secured after accounting for the IRS' statutory liens. About Aster Oilfield Services Inc. Aster Oilfield Services, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.W. Va. Case No. 25-00713) on December 8, 2025. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge David L. Bissett handles the case. The Debtor is represented by Kelly Kotur, Esq. of Davis & Kotur Law Office Co. LPA. AUGUSTA QUALITY: Seeks Chapter 11 Bankruptcy in Georgia ------------------------------------------------------- On January 7, 2026, Augusta Quality, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Georgia. According to court filings, the Debtor reports between $1,000,001 and $10,000,000 in debt owed to 50 to 99 creditors. About Augusta Quality, LLC Augusta Quality, LLC is engaged in the construction industry, offering services that include renovation, site preparation, and project supervision for commercial and residential developments. Augusta Quality, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10018) on January 07, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $1,000,001 to $10,000,000. Honorable Bankruptcy Judge Susan D. Barrett handles the case. The Debtor is represented by Bowen Anderson Klosinski, Esq. of Klosinski Overstreet. BACCI CAFE: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, entered an interim order authorizing Bacci Cafe & Pizzeria on Milwaukee Ave., Inc. to use cash collateral to fund operations. Under the interim order, the Debtor is authorized to use the cash collateral of the U.S. Small Business Administration through January 27 in accordance with its budget, which projects total monthly operational expenses of $65,500. The SBA, a pre-bankruptcy secured lender, asserts a senior, valid blanket lien on the Debtor's assets and cash proceeds, securing debt of at least $141,859.00. Additional subordinate lienholders include Bill Me Later/WebBank and Funding Metrics. As adequate protection, the SBA and subordinate lienholders will be granted replacement liens on substantially all assets of the Debtor, maintaining the same priority and validity as their pre-petition liens, along with a potential administrative expense claim under section 507(b) of the Bankruptcy Code. The Debtor must comply with the reporting, inspection, insurance, and collateral maintenance obligations. A further hearing is scheduled for January 26. The interim order is available at https://is.gd/UTu4Ci from PacerMonitor.com. About Bacci Cafe & Pizzeria on Milwaukee Ave. Inc. Bacci Cafe & Pizzeria on Milwaukee Ave., Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.I. Case No. 25-19761) on December 30, 2025, listing between $50,001 and $100,000 in assets and between $1 million and $10 million in liabilities. Judge Michael B Slade oversees the case. The Debtor is represented by: Richard G Larsen, Esq. Springer Larsen, LLC Tel: 630-510-0000 Email: rlarsen@springerbrown.com BAUDAX BIO: Plan Exclusivity Period Extended to February 11 ----------------------------------------------------------- Judge Ashely M. Chan of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania extended Baudax Bio, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to February 11, 2026 and April 12, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that it would be premature (at best), as well as a waste of time, effort and resources, including judicial resources, to require the Debtor to file a plan by December 13, 2025 to maintain its right to exclusivity. The Debtor claims that it should be afforded a full and fair opportunity to negotiate, propose, and seek acceptances of a confirmable plan of reorganization. The Debtor believes that the extension of the exclusive periods is warranted and appropriate under the circumstances and should be granted. The Debtor submitted that, particularly in light of the anticipated liquidation plan to be proposed by the Debtor, the extension requested will not prejudice the legitimate interests of any creditor and will likely afford parties in interest an opportunity to pursue to fruition the beneficial objectives of a consensual reorganization. Baudax Bio, Inc., is represented by: David B. Smith, Esq. Nicholas M. Engel, Esq. SMITH KANE HOLMAN, LLC 112 Moores Road, Suite 300 Malvern, PA 19355 Telephone: (610) 407-7215 Facsimile: (610) 407-7218 E-mail: dsmith@skhlaw.com About Baudax Bio Inc. Baudax Bio, Inc., is a biotechnology company focused on developing T cell receptor therapies utilizing human regulatory T cells, as well as a portfolio of clinical stage neuromuscular blocking agents and an associated reversal agent. Baudax Bio, Inc., filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 24-10583) on February 22, 2024, listing up to $50,000 in assets and $10 million to $50 million in liabilities. The petition was signed by Gerri Henwood as chief executive officer. Judge Magdeline D. Coleman presides over the case. David B. Smith, Esq., at SMITH KANE HOLMAN, LLC, is the Debtor's counsel. BEAN BROTHERS: Gets Extension to Access Cash Collateral ------------------------------------------------------- Bean Brothers Landscaping, LLC received another extension from the U.S. Bankruptcy Court for the Western District of North Carolina, Shelby Division, to use cash collateral. The court issued its fifth interim order granting the Debtor approval to use cash collateral pending a further hearing on January 23 to pay operating expenses in accordance with its updated budget. The Debtor projects total monthly operational expenses of $105,055.38. As adequate protection, secured creditors with interest in the cash collateral will be granted replacement liens on property acquired by the Debtor after its bankruptcy filing, with the same priority and extent as their pre-bankruptcy liens. The Debtor must also comply with all reporting requirements, including providing weekly financial statements, bank records, and updates comparing actual performance to the budget as further protection to secured creditors. The fifth interim order is available at https://shorturl.at/NDYru from PacerMonitor.com. Bean Brothers Landscaping has identified several creditors with UCC financing statements filed in North Carolina but has not yet fully reviewed the related loan documents. About Bean Brothers Landscaping LLC Bean Brothers Landscaping, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 25-40201) on September 25, 2025, listing up to $100,001 to $500,000 in both assets and liabilities. Judge Ashley Austin Edwards handles the case. The Debtor is represented by: John C. Woodman, Esq. Essex Richards Tel: 704-377-4300 Email: jwoodman@essexrichards.com BICK GROUP: Seeks to Extend Plan Exclusivity to February 12 ----------------------------------------------------------- Bick Group Holdings, LLC asked the U.S. Bankruptcy Court for the Eastern District of Missouri to extend its exclusivity periods to file a plan of reorganization to February 12, 2026. The Debtor requests additional time to negotiate plan treatment of key creditors in hopes of putting forth a consensual plan. Specifically, Debtor is negotiating the timeframe and amount of certain payments to St. Louis Bank, its primary secured creditor and DIP lender. Additionally, Debtor is presently awaiting information regarding APA earnout payments that would significantly change Debtor’s payments under the plan. Certainty with respect to the earnout payment would allow the Debtor to more reasonably estimate payments under the plan and Debtor’s projected outlook. Bick Group Holdings, LLC is represented by: Robert E. Eggmann, Esq. Nathan R. Wallace, Esq. Thomas H. Riske, Esq. Carmody Macdonald P.C. 120 S. Central Avenue, Suite 1800 St. Louis, MO 63105 Tel: (314) 854-8600 Fax: (314) 854-8660 Email: ree@carmodymacdonald.com nrw@carmodymacdonald.com About Bick Group Holdings LLC Bick Group Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Case No. 25-43081) on August 12, 2025. In the petition signed by Christopher T. Pondoff, member and chief executive officer, the Debtor disclosed up to $50,000 in both assets and liabilities. Judge Bonnie L. Clair oversees the case. Robert Eggmann, Esq., at Carmody MacDonald P.C., represents the Debtor as legal counsel. St. Louis Bank, as DIP Lender, is represented by: Laura Toledo, Esq. Armstrong Teasdale, LLP 7700 Forsyth Blvd., Suite 1800 St. Louis, MO 63105 Tel: 314.621.5070 Fax: 314.621.5065 ltoledo@atllp.com BIG MIKES: Unsecured Creditors to Split $4K over 3 Years -------------------------------------------------------- Big Mikes Tree Service LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Plan of Reorganization dated January 6, 2026. The Debtor is a Florida limited liability company created by Articles of Organization filed with the Florida Secretary of State on or around February 17, 2014, with an effective date of February 14, 2014. The Debtor provides a full range of tree care solutions, including tree removal, tree trimming, pruning, stump grinding, land clearing, waste hauling/grapple service, and storm/emergency cleanup. The Debtor's principal place of business is located at 1681 South Ronald Reagan Blvd., Altamonte Springs, Florida 32701. ("Premises"), which the Debtor leases from the Lilaben Patel, Enh Life Estate, who is not an insider of the Debtor. The Debtor's projected disposable income is $3,796. This Plan provides for 9 classes of secured claims; 1 class of unsecured claims; and 1 class of equity security holders. Class 10 consists of the Allowed Unsecured Claims against the Debtor. This Class is Impaired. * Consensual Plan Treatment: The liquidation value or amount that unsecured creditors would receive in a hypothetical chapter 7 case is approximately $0.00. Accordingly, the Debtor proposes to pay unsecured creditors a pro rata portion of $4,008.00. The Reorganized Debtor shall pay said amount in equal quarterly payments of $334.00 and shall be disbursed pro rata to the holders of Allowed General Unsecured Claims. Payments shall commence on the fifteenth day of the month, on the first month that begins more than fourteen days after the Effective Date and shall continue quarterly for eleven additional quarters. Pursuant to Section 1191 of the Bankruptcy Code, the value to be distributed to unsecured creditors is greater than the Debtor's projected disposable income to be received in the 3-year period beginning on the date that the first payment is due under the plan. Holders of Class 10 General Unsecured Claims shall be paid directly by the Debtor. * Nonconsensual Plan Treatment: The liquidation value or amount that unsecured creditors would receive in a hypothetical chapter 7 case is approximately $0.00. Accordingly, Debtor proposes to pay unsecured creditors a pro rata portion of its projected Disposable Income, $3,796.00. If the Debtor remains in possession, plan payments shall include the Subchapter V Trustee's administrative fee which will be billed hourly at the Subchapter V Trustee's then current allowable blended rate. Plan Payments shall commence on the first month following the Effective Date, and shall continue quarterly for eleven additional quarters. The quarterly payment for the first four quarters shall be $18.75. The quarterly payments for the second four quarters shall be $246.50. The quarterly payments for the final four quarters shall be $683.86. Holders of Class 10 claims shall be paid directly by the Debtor. Class 11 consists of any and all equity interests and warrants currently issued or authorized in the Debtor. This Class is Unimpaired. Holders of Class 11 interests shall retain their full equity interest in the same amounts, percentages, manner and structure as existed on the Petition Date. The Plan contemplates that the Reorganized Debtor will continue to operate the Debtor's business. Except as explicitly set forth in this Plan, all cash in excess of operating expenses generated from operation until the Effective Date will be used for Plan Payments or Plan implementation, cash on hand as of Confirmation shall be available for Administrative Expenses. A full-text copy of the Plan of Reorganization dated January 6, 2026 is available at https://urlcurt.com/u?l=Gfq2hH from PacerMonitor.com at no charge. Counsel to the Debtor: Jeffrey Ainsworth, Esq. Jennifer L. Morando, Esq. BransonLaw, PLLC 1501 E. Concord Street Orlando, FL 32803 Telephone: (407) 894-6834 Fax (407) 894-8559 Email: jeff@bransonlaw.com E-mail: jennifer@bransonlaw.com About Big Mikes Tree Service LLC Big Mikes Tree Service, LLC, is a Florida limited liability company which provides a full range of tree care solutions. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06540) on October 10, 2025, with $100,001 to $500,000 in assets and liabilities. Jeffrey Ainsworth, at Bransonlaw PLLC, is the Debtor's bankruptcy counsel. BIG STORM BREWERY: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Big Storm Brewery, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division to use cash collateral. The court issued its sixth interim order extending the Debtor's authority to use cash collateral from December 18, 2025, to February 5 or until further order of the court. The Debtor intends to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts subject to approval by secured creditors, including Briar Capital Real Estate Fund, LLC, the U.S. Small Business Administration, and The Center for Special Needs Trust Administration, Inc. The Debtor projects total operational expenses of $103,980.00 for January. Each creditor with a security interest in cash collateral will have a perfected post-petition lien on the cash collateral, with the same validity, priority and extent as its pre-bankruptcy lien. As further protection, the Debtor was ordered to keep its property insured in accordance with its loan agreements with the secured creditors. The next hearing is scheduled for February 5. About Big Storm Brewery Big Storm Brewery, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04026) on June 16, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Roberta A. Colton oversees the case. Jake C. Blanchard, Esq., at Blanchard Law, P.A. is the Debtor's bankruptcy counsel. Briar Capital Real Estate Fund, LLC, as secured creditor, is represented by: Zachary J. Bancroft, Esq. Baker, Donelson, Bearman, Caldwell & Berkowitz, PC 200 South Orange Avenue, Suite 2050 Orlando, FL 32801 Telephone: (407) 422-6600 zbancroft@bakerdonelson.com achentnik@bakerdonelson.com bkcts@bakerdonelson.com BLACK DIAMOND: Denial of Automatic Stay in Case v. Regulator Upheld ------------------------------------------------------------------- In the appeal styled BLACK DIAMOND ENERGY OF DELAWARE, INC., Appellant v. WYOMING OIL AND GAS CONSERVATION COMMISSION, Appellee (W.D. Pa.), Judge Christy Criswell Wiegand of the United States District Court for the Western District of Pennsylvania will affirm the order of the U.S. Bankruptcy Court for the Western District of Pennsylvania denying Black Diamond's amended motion to enforce an automatic stay and request for sanctions and subsequent motion for reconsideration. Black Diamond's claims revolve around a series of actions taken by the Wyoming Oil and Gas Conservation Commission after Black Diamond filed its petition pursuant to Chapter 11 of the Bankruptcy Code, 11 U.S.C. Secs. 1101 et seq., in bankruptcy court on July 26, 2022. Black Diamond and the Commission have had extensive and extended disputes for a period of over ten years. Leading up to 2021, the Commission initiated numerous proceedings that resulted in an array of penalties for Black Diamond, including the Commission's revocation of Black Diamond's right to operate non-federal wells in Wyoming, the Commission's order directing that some of Black Diamond's Wells be plugged and abandoned, and the Commission's order requiring Black Diamond to forfeit multiple surety bonds it had posted. In 2021, the Commission held a hearing regarding Black Diamond's violation of various Commission rules including improper reporting and failure to pay taxes. After the hearing, the Commission entered Order 205-2021, requiring Black Diamond to, inter alia: 1) pay a $5,000 fine for its rule violations; and 2) post a surety bond or other guaranty in the amount of $25,000, as security for its future compliance with the Commission's Rules and orders. On July 26, 2022, the date on which Black Diamond filed its petition in bankruptcy court, the Commission sealed Black Diamond's wells. Black Diamond removed several of the seals and restarted production from some of its wells, in defiance of Order 205-2021. The Commission informed Black Diamond that it would be re-sealing the wells, and explained that the Commission would remove the seals if Black Diamond achieves compliance with Orders 449-2022 and 205-2021. Black Diamond's motion alleged that the Commission violated the automatic stay by: 1) sealing Black Diamond's wells; and 2) sending the June 9, 2023 letter requiring compliance with Orders 449-2022 and 205-2021. The bankruptcy court denied the original motion and a subsequent motion for reconsideration. On appeal, Black Diamond asks the District Court to reverse the bankruptcy court's original Order and to remand this matter to bankruptcy court to determine damages that Black Diamond incurred from the Commission's alleged violation of the automatic stay. In its appeal to the District Court, Black Diamond contends that the bankruptcy court erred in holding that the Commission's post-bankruptcy-petition actions -- including: 1) resealing Black Diamond's wells; 2) ordering Black Diamond to pay a $5,000 fine for its rule violations; and 3) directing Black Diamond to post a $25,000 bond "as security for its future compliance with the Commission's Rules and orders" -- did not violate the automatic stay provision of 11 U.S.C. Sec. 362(a). The Commission argues that its actions fall within the police and regulatory power exception to the automatic stay provision of 11 U.S.C. Sec. 362(a) because they satisfy the pecuniary purpose and public policy tests set forth by the Third Circuit. The District Court finds that the bankruptcy court correctly denied Black Diamond's motion to enforce the automatic stay and request for sanctions as well as its subsequent motion for reconsideration. The District Court concludes the the Commission's post-petition efforts to compel Black Diamond to post the $25,000 bond, and its related decision to keep the wells sealed until that compliance assurance was provided, were valid exercises of police and regulatory power and are not stayed by Sec. 362(a). A copy of the Court's Opinion dated December 31, 2025, is available at https://urlcurt.com/u?l=lIRYiR About Black Diamond Energy of Delaware Black Diamond Energy of Delaware, Inc. -- https://www.blackdiamondenergy.com/ -- is a company based in Greensburg, Pa., which provides natural gas drilling programs for investor partners. It specializes in coalbed methane play in the Powder River Basin. Black Diamond sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 22-21448) on July 26, 2022, with up to $50,000 in assets and $10 million to $50 million in liabilities. Eric Koval, president of Black Diamond, signed the petition. Donald R. Calaiaro, Esq., at Calaiaro Valencik and Eric Rossi CPA, LLC serve as the Debtor's legal counsel and accountant, respectively. BLACK PEARL: Court Narrows Claims in Pearl Delta, et al. Case ------------------------------------------------------------- Judge Ashley Austin Edwards of the United States Bankruptcy Court for the Western District of North Carolina granted in part and denied in part the motion filed by Pearl Delta Funding, LLC and Pearl Capital Business Funding, LLC to dismiss the adversary proceeding captioned as BLACK PEARL VISION, LLC, Plaintiff, v. PEARL DELTA FUNDING, LLC PEARL CAPITAL BUSINESS FUNDING, LLC, Defendants, AP No.: 25-03111 (Bankr. W.D.N.C.). Black Pearl Vision, LLC filed the complaint that initiated this adversary proceeding on August 29, 2025. The Defendants are Delaware limited liability companies with principal places of business located in New Jersey which engage in the issuance and servicing of merchant cash advances. The Plaintiff alleges in the Complaint that on June 28, 2023, it executed a "Revenue Purchase Agreement" with the Defendants that purported to sell $199,799.00 of Plaintiff's future receipts for a payment of $142,855.00 to the Plaintiff. According to the Agreement, Defendants were to be repaid $4,994.98 each week, representing 8% of the Plaintiff's future revenue. The Agreement includes a choice of law provision that indicates it is governed by the laws of New York. The Plaintiff made 38 weekly payments of $4,994.98 to the Defendants from June 30, 2023 to March 29, 2024. The Plaintiff also made six payments of $999.00 between November 10 and 17, 2023, and an additional payment of $4,000.00 on April 8, 2024. In total, the Plaintiff paid $199,803.24 to the Defendants over the course of 285 days. The Plaintiff calculates that the annualized interest rate on the Agreement as 51.96% for that thirty-eight (38) week period. In the Complaint, the Plaintiff asserts four claims for relief against the Defendants. The first three claims for relief seek to avoid allegedly constructively fraudulent obligations and transfers under 11 U.S.C. Sec. 548(a)(1)(B) and recover under 11 U.S.C. Sec. 550(a)(1) ("Avoidance Claims"). The fourth claim for relief asserts a violation of 18 U.S.C. Secs. 1962(a),1962(c) and seeks recovery pursuant to 1964(c) ("RICO Claims"). The Plaintiff contends the Agreement constitutes a loan, rather than a sale of receivables, because the Defendants did not bear any risk of loss. Based upon the Agreement's asserted status as a loan, Plaintiff alleges that the Agreement violates New York usury law, making the agreement void ab initio and barring the recovery of principal and interest by the Defendants. The Plaintiff further argues that the Agreement, as well as the payments made under the Agreement, did not provide reasonably equivalent value to the Plaintiff. For those reasons, the Plaintiff seeks avoidance of the Agreement and all the payments made pursuant to the same as constructively fraudulent transfers under 11 U.S.C. Sec. 548(a)(1)(B), and recovery of the amount of the avoided transfers pursuant to 11 U.S.C. Sec. 550(a). Again relying on the theory that the loans are unlawfully usurious, the Plaintiff also alleges that the Defendants violated 18 U.S.C. Secs. 1962(a) and 1962(c) by engaging in the collection of unlawful debt. In the Motion to Dismiss, the Defendants argue that the Complaint should be dismissed pursuant to Federal Rules of Civil Procedure 12(b)(1) and 12(b)(6). The Defendants contend that: (1) the Agreement is a loan, and therefore cannot be usurious; (2) even if the Agreement is a loan, usury cannot be affirmatively asserted; (3) Plaintiff's barebones money-in, money-out allegations are insufficient to state a claim for lack of reasonably equivalent value; and (4) the RICO Claims fail because the Agreement is not a loan, and because Plaintiff has failed to allege sufficient nonconclusory facts to state a claim for relief. The Motion is denied as it relates to the Avoidance Claims. To the extent that the Plaintiff attempts to affirmatively use New York usury law, the Court agrees with the Defendants that this is an improper basis for Plaintiff's Avoidance Claims. In this case, the Defendants have not filed a proof of claim or made any other appearance in the Plaintiff's bankruptcy case that could be interpreted as an attempt to collect a debt. The Motion is granted with leave to amend as it relates to the RICO Claims. The Court finds Plaintiff has failed to adequately plead with specificity which of the Defendants is the "person" and which is the "enterprise" for the purposes of Sec. 1962(c), and therefore the Sec. 1962(c) claim cannot survive Rule 12(b)(6). The Court, therefore, will dismiss the RICO Claims without prejudice, noting that if the Plaintiff amends its RICO Claims, it must plead facts sufficient to demonstrate a distinct "person" and "enterprise" for the purpose of Sec. 1962(c). A copy of the Court's Order dated December 31, 2025, is available at https://urlcurt.com/u?l=7qsqcA About Black Pearl Vision Black Pearl Vision, LLC is a North Carolina limited liability company authorized to conduct business in the State of Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 24-30948) on October 31, 2024, with $1 million to $10 million in assets and liabilities. Judge Ashley Austin Edwards presides over the case. Ciara Louise Rogers, Esq., at Waldrep Wall Babcock & Bailey PLLC represents the Debtor as legal counsel. BOY SCOUTS: SCOTUS Refuses to Hear Chapter 11 Plan Appeal --------------------------------------------------------- Rick Archer of Law360 reports that the U.S. Supreme Court declined to hear an appeal from sexual abuse claimants in the Boy Scouts of America bankruptcy case, leaving in place a Third Circuit ruling that upheld the organization's Chapter 11 plan. The claimants had argued that the appellate court erred in affirming that certain transactions within the plan could not be undone. With the Supreme Court's refusal to take the case, the Boy Scouts can continue implementing their reorganization plan as approved. The ruling effectively limits challenges to the plan's financial and structural arrangements, allowing the organization to move forward with its bankruptcy proceedings, the report states. 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. BUILDSOL LLC: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Buildsol, LLC 7375 Executive Place, Suite 190 Lanham, MD 20706 Business Description: Buildsol, LLC is a construction company based in Lanham, Maryland, specializing in commercial and institutional projects. The firm provides design-build ground-up construction, renovation and construction management services. Chapter 11 Petition Date: January 8, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-10248 Debtor's Counsel: Charles E Walton, Esq. WALTON LAW GROUP 10905 Fort Washington Road Ste 201 Fort Washington, MD 20744 Tel: 301-292-8357 Fax: 301-292-9439 E-mail: cwalton@cwaltonlaw.com Total Assets: $667,455 Total Liabilities: $1,614,469 The petition was signed by Andrew Wallace as managing member. 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/T5UPOXI/Buildsol_LLC__mdbke-26-10248__0001.0.pdf?mcid=tGE4TAMA BURGESS POINT: Moody's Affirms 'Caa2' CFR, Outlook Stable --------------------------------------------------------- Moody's Ratings affirmed Burgess Point Purchaser Corporation's (Burgess Point) (dba TERREPOWER) Caa2 corporate family rating and Caa2-PD probability of default rating. Moody's also downgraded the backed senior secured bank credit facilities rating to Caa2 from Caa1, and assigned a Caa2 rating to the new $400 million senior secured term loan facility, inclusive of a delay draw term loan. The outlook is stable. Upon closing, $200 million of proceeds from the new term loan will be drawn and used to repay revolver borrowings and bolster cash. The remaining $200 million delayed draw term loan may be used for general corporate purposes for 24 months after the transaction closes. The affirmation of the Caa2 CFR reflects Moody's expectations that the company will continue to operate with negative free cash flow, very high leverage and low interest coverage. The new term loan will increase the debt burden and the associated interest expense will further weigh on free cash flow. At the same time, the new term loan will provide necessary liquidity. The downgrade of the backed senior secured bank credit facilities rating represents lower expectations for recovery in Moody's Loss Given Default waterfall due to the increase of debt. The backed senior secured bank credit facilities are pari passu with the new term loan. RATINGS RATIONALE Burgess Point's Caa2 CFR reflects weak credit metrics including very high financial leverage that will increase with the new term loan. Moody's forecasts debt/EBITDA of 8.5x at the end of 2025, or 9.2x on a pro forma basis for the $200 million term loan drawn at the close. Burgess Point has a high debt balance and the interest costs result in ongoing negative free cash flow. Further, EBITDA to interest expense is expected to remain weak at below 1.0x. Moody's expects Burgess Point will have weak liquidity over the next 12 to 18 months, notwithstanding the liquidity provided by this transaction. Moody's expects continued negative free cash flow will cause Burgess Point to remain reliant on its ABL revolver and availability on the new delayed draw term loan. The company also has a $100 million revolving credit facility which will be reduced to $10 million. The stable outlook reflects Moody's expectations for revenue growth and modest margin expansion from pricing actions and cost containment initiatives. These factors are expected to lead to modest leverage reduction, although debt/EBITDA is expected to remain high. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be downgraded if Burgess Point fails to improve liquidity, including generating positive free cash flow or increasing revolver availability, or if the capital structure becomes untenable. A downgrade could also occur if Moody's believes the likelihood of default, including a distressed exchange, increases or Moody's estimates of recovery rates declines. The ratings could be upgraded if Burgess Point materially improves its liquidity and operating performance on a sustained basis. In addition, demonstrating a trajectory of meaningfully reducing debt/EBITDA and adequately covering the related interest expense could support an upgrade. Marketing terms for the new credit facilities (final terms may differ materially) include the following: Incremental pari passu debt capacity up to the greater of a fixed amount to be disclosed and 75% of EBITDA, plus unlimited amounts subject to 5.0x first lien net leverage ratio. There is an inside maturity sublimit up to the greater of a fixed amount to be disclosed and 50% of EBITDA. The credit agreement is expected to include "J. Crew ", "Envision ", "Pluralsight ", "Chewy ", "Serta ", "Incora " and "At Home " provisions. The principal methodology used in these ratings was Automotive Suppliers published in November 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Headquartered in Daphne, Alabama, Burgess Point Purchaser Corporation (d/b/a TERREPOWER and f/k/a BBB Industries) is a supplier of primarily remanufactured non-discretionary replacement parts for automotive, industrial, energy and solar markets in North America and Europe. The company's main products include alternators, starters, brake calipers, power steering components and turbochargers. For the 12 months ended September 30, 2025 the company's net revenue was approximately $1.3 billion. C.R. OF COOSA: Seeks Chapter 7 Bankruptcy in Georgia ---------------------------------------------------- On January 6, 2026, C.R. of Coosa Valley, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Georgia. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. About C.R. of Coosa Valley, LLC C.R. of Coosa Valley, LLC is a Georgia-based business entity that operates a nursing care facility under the Coosa Valley brand. The company is affiliated with the broader Coosa Valley nursing home network, which provides long-term care, rehabilitation, and assisted living services to elderly and medically dependent residents. Its operations include patient care, facility management, staffing, and compliance with state and federal healthcare regulations. C.R. of Coosa Valley, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50019) on January 06, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Robert M. Matson handles the case. The Debtor is represented by Wesley J. Boyer, Esq. of Boyer Terry LLC. CALDERONE SUBS: Seeks to Hire Middlebrooks Shapiro PC as Counsel ---------------------------------------------------------------- Calderone Subs LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Middlebrooks Shapiro, P.C. as attorneys. The firm will render these services: (a) prepare and file the Debtor's Chapter 11 petition, schedules, and statement of financial affairs; (b) represent the Debtor at the Initial Debtor Interview and the section 341(a) meeting of creditors; and (c) represent the Debtor in all aspects of the Chapter 11 case, including contested matters and adversary proceedings. The firm will be paid at these hourly rates: Melinda Middlebrooks, Attorney $500 Joseph Shapiro, Attorney $450 Jessica Minneci, Attorney $400 Law Clerks and Paralegals $100 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total retainer of $15,000 from the Debtor plus a filing fee of $1,738. Ms. Middlebrooks disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Melinda D. Middlebrooks, Esq. Middlebrooks Shapiro, P.C. P.O. Box 1630 Belmar, NJ 07719 Telephone: (973) 218-6877 Email: middlebrooks@middlebrooksshapiro.com About Calderone Subs LLC Calderone Subs LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-10024) on January 2, 2026, listing up to $50,000 in both assets and liabilities. Melinda D. Middlebrooks, Esq. at Middlebrooks Shapiro, P.C. represents the Debtor as counsel. CARDINAL MEDICAL: Seeks Chapter 11 Bankruptcy in Florida -------------------------------------------------------- On January 07, 2026, Cardinal Medical Sarasota Real Estate LLC filed for Chapter 11 protection in the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About Cardinal Medical Sarasota Real Estate LLC Cardinal Medical Sarasota Real Estate LLC is a single asset real estate company. Cardinal Medical Sarasota Real Estate LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00087) on January 07, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities in the range of $100,001 to $1,000,000. CCA CONSTRUCTION: Plan Exclusivity Period Extended to April 16 -------------------------------------------------------------- Judge Christine M. Gravelle of the U.S. Bankruptcy Court for the District of New Jersey extended CCA Construction, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 16 and June 16, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that it is well settled that the size and complexity of a debtor's case alone may provide sufficient cause for the extension of a debtor's exclusive period to file a plan and to solicit acceptances thereof. As this Court is aware, the litigation among CCA, certain affiliates and BMLP was a significant complicating factor in this chapter 11 case, resulting in substantial motion practice, extensive discovery, the appointment of the Examiner, exhaustive analysis by CCA (through its Special Committee) of estate causes of action and the assets available to satisfy them, and ultimately the mediation. The Debtor claims that the good faith progress of the company since the Second Exclusivity Order towards reorganization further supports the extension of the Exclusive Periods. As described, CCA has: (a) reached the Settlement Agreement that resolved a decade long dispute; (b) made substantial progress in drafting a plan of reorganization; (c) maintained ongoing communication with customers, vendors, and surety providers; (d) fulfilled its reporting obligations; and (e) continued to manage estate operations. The Debtor asserts that throughout the chapter 11 process, CCA has consistently prioritized transparency, collaboration, and good faith cooperation in its restructuring efforts and has maintained open lines of communication with its key creditor constituencies, which led to the execution of the Settlement Agreement with BMLP. CCA has also continued to remain in contact with its surety bond providers, all of whom filed proofs of claims, throughout the case. The Debtor further asserts that it intends to further engage with the surety providers in the plan negotiation process regarding the treatment of their proofs of claim and surety bonds. This constructive engagement with its creditors supports CCA's request for an extension of the Exclusive Periods. Co-Counsel to the Debtor: DEBEVOISE & PLIMPTON LLP M. Natasha Labovitz, Esq. Erica S. Weisgerber, Esq. Elie J. Worenklein, Esq. Shefit Koboci, Esq. 66 Hudson Boulevard New York, NY 10001 Telephone: (212) 909-6000 Facsimile: (212) 909-6836 Email: nlabovitz@debevoise.com eweisgerber@debevoise.com eworenklein@debevoise.com skoboci@debevoise.com Co-Counsel to the Debtor: COLE SCHOTZ P.C. Michael D. Sirota, Esq. Warren A. Usatine, Esq. Felice R. Yudkin, Esq. Ryan T. Jareck, Esq. Court Plaza North, 25 Main Street Hackensack, NJ 07601 Telephone: (201) 489-3000 Facsimile: (201) 489-1536 E-mail: msirota@coleschotz.com wusatine@coleschotz.com fyudkin@coleschotz.com rjareck@coleschotz.com About CCA Construction CCA Construction Inc., doing business as China Construction America Inc., ProServ Shared Services, and Plaza Construction, was established in 1993 as a Delaware corporation, and it is a direct subsidiary of CSCEC Holding Company, Inc., also a Delaware corporation. CSCEC Holding, CCA, and CCA's subsidiaries are discrete pieces of CSCEC's broader business, which is operated by more than 100 distinct entities located throughout the world, eight of which are publicly traded. Together, the group of affiliated entities makes up the largest construction company in the world, operating in more than 100 countries and regions globally, covering investment, development, construction engineering, survey and design. CCA Construction Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-22548) on December 22, 2024. In the petition filed by Yan Wei, chairman and chief executive officer, the Debtor reports reports estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor tapped M. Natasha Labovitz, Esq., Sidney P. Levinson, Esq., Elie J. Worenklein, Esq., and Rory B. Heller, Esq., at Debevoise & Plimpton LLP, in New York as general bankruptcy counsel; Michael D. Sirota, Esq., Ryan T. Jareck, Esq., Warren A. Usatine, Esq., and Felice R. Yudkin, Esq., at Cole Schotz PC in Hackensack, New Jersey as bankruptcy co-counsel; and BDO Consulting Group, LLC as financial advisor. Kurtzman Carson Consultants, LLC, dba Verita Global, is the administrative advisor. CENTRO DE ENVEJECIENTES: Hires Batista Law as Bankruptcy Counsel ---------------------------------------------------------------- Centro de Envejecientes Jardin Dorado, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Batista Law Group, P.S.C. to handle its Chapter 11 case. The firm's hourly rates are: Jesus E. Batista Sanchez, Esq. $350 Associates $275 Paralegals $110 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $6,000. Mr. Batista Sanchez, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jesus E. Batista Sanchez, Esq. The Batista Law Group, PSC Capital Center I 239 Ave Arterial de Hostos Suite 206 San Juan PR 00918 Telephone: (787) 620-2856 Facsimile: (787) 777-1589 Email: jeb@batistasanchez.com About Centro de Envejecientes Jardin Dorado, Inc. Centro de Envejecientes Jardin Dorado, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 25-05865) on December 29, 2025, listing $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Jesus E. Batista Sanchez, Esq. at The Batista Law Group, Psc serves as the Debtor's counsel. CHC901 LLC: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: CHC901, LLC 2565 Horizon Lake Drive Suite 110 Memphis, TN 38133 Business Description: CHC901, LLC, based in Memphis, provides medical and non-medical transportation services, including ambulance transport with advanced life support, basic life support, critical care on the ground, dialysis, event medical support, wheelchair and stretcher transport, and ambulatory assistance. Chapter 11 Petition Date: January 7, 2026 Court: United States Bankruptcy Court Western District of Tennessee Case No.: 26-20114 Judge: Hon. Denise E Barnett Debtor's Counsel: C. Jerome Teel Jr., Esq. TEEL & GAY, PLC 79 Stonebridge Blvd. Suite B Jackson, TN 38305 Tel: (731) 424-3315 Fax: (731) 424-3501 Email: jerome@tennesseefirm.com Total Assets: $1,133,113 Total Liabilities: $1,494,720 The petition was signed by Justin G. James as CEO. 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/HSCD7HY/CHC901_LLC__tnwbke-26-20114__0001.0.pdf?mcid=tGE4TAMA CHRIS REMODELING: Seeks Chapter 7 Bankruptcy in Illinois -------------------------------------------------------- On December 21, 2025, Chris Remodeling filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filings, the debtor reports between $0 and $100,000 in debt owed to between 1 and 49 creditors. About Chris Remodeling Chris Remodeling is a home improvement company that specializes in residential renovation and construction services. The company delivers solutions that include kitchen and bathroom remodeling, interior upgrades, and general contracting work. Chris Remodeling sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-19473) on December 21, 2025. In its petition, the debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. Honorable Bankruptcy Judge Donald R. Cassling handles the case. The debtor is represented by David Freydin, Esq. of Law Offices of David Freydin Ltd. CITY MASSAGE: Court Extends Cash Collateral Access to Jan. 30 ------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida entered a third interim order granting City Massage, LLC another extension to use cash collateral. The third interim order authorized the Debtor to use cash collateral through January 30 for operating expenses such as employee wages, payroll taxes and workers compensation insurance, and for monthly payments of $711 to TD Bank as adequate protection. The remaining funds will stay in the Debtor's debtor-in-possession account, subject to TD Bank's lien. The third interim order also approved the Debtor's budget, with any line-item exceeding 10% requiring TD Bank's consent or expedited court relief. Adequate protection will be provided to TD Bank through the $711 monthly payment, insurance, tax payments, and a post-petition lien on remaining cash, junior to court and professional fees. About City Massage City Massage, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20791) on September 16, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Judge Corali Lopez-Castro presides over the case. Tamara D. McKeown, Esq., represents the Debtor as legal counsel. CITY ON A HILL: Gets Final OK to Use Cash Collateral ---------------------------------------------------- City on a Hill, Inc. received final approval from the U.S. Bankruptcy Court for the Eastern District of Wisconsin to use cash collateral to fund operations. Under the final order, the Debtor is authorized to use cash collateral in accordance with the approved operating budget. This authorization allows the Debtor to continue operating its business during the bankruptcy case. As adequate protection, any creditor holding a properly perfected security interest in the cash collateral will be granted a replacement lien on the Debtor's assets with the same priority and extent as its pre-bankruptcy lien. The Debtor is also required to provide monthly operating reports and maintain property and liability insurance as additional protection. A copy of the final order and the Debtor's budget is available at https://tinyurl.com/3w5by292 from PacerMonitor.com. City on a Hill is a nonprofit organization providing healthcare, social services, youth programming, and community training to Milwaukee's underserved residents. The Debtor needs to use cash collateral to fund operations during its newly filed Subchapter V Chapter 11 case. It has only about $15,000 in cash on hand and approximately $48,000 in pre-bankruptcy accounts receivable. Multiple creditors may claim security interests in the Debtor's cash and receivables, including LEAF Capital Funding, The Fundworks, Saturn Encore Funding, CFG Merchant Solutions, and the Milwaukee Economic Development Corporation. Each holds varying forms of pre-bankruptcy lease, loan, or future receivables purchase agreements supported by broad UCC-1 financing statements covering substantially all assets. About City on a Hill Inc. City on a Hill Inc. operates as a community-focused nonprofit organization offering programs and services designed to support youth, families, and neighborhood development. City on a Hill sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 25-26829) on December 5, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Katherine M. Perhach handles the case. The Debtor is represented by Paul G. Swanson, Esq. of Swanson Sweet, LLP. CLASSIC CHRISTIAN: Seeks Chapter 11 Bankruptcy in Massachusetts --------------------------------------------------------------- On January 05, 2026, Classic Christian Trust filed for Chapter 11 bankruptcy in the District of Massachusetts. According to court records, the Debtor lists liabilities between $0-$100,000 owed to 1-49 creditors. About Classic Christian Trust Classic Christian Trust is a trust entity that provides faith-based investment and financial management services. The organization focuses on supporting Christian initiatives while managing assets in accordance with its stated mission and fiduciary responsibilities. Classic Christian Trust is headquartered in the United States and maintains compliance with federal and state trust regulations. The Debtor filed under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10004) on January 05, 2026. Its petition shows assets in the range of $100,001-$1,000,000 and liabilities of $0-$100,000. The case is overseen by Honorable Bankruptcy Judge Christopher J. Panos. CLEARWAY ENERGY: Moody's Affirms 'Ba2' CFR, Outlook Stable ---------------------------------------------------------- Moody's Ratings affirmed Clearway Energy, Inc.'s (Clearway) Ba2 Corporate Family Rating and Ba2-PD Probably of Default rating, as well as Clearway Energy Operating LLC's (Clearway Operating) Ba2 senior unsecured rating. Clearway's speculative grade liquidity (SGL) rating is also unchanged at SGL-2. The rating outlooks of both entities are stable. Concurrently, Moody's assigned a Ba2 rating to Clearway Operating's $500 million of new senior unsecured notes due in 2034. Clearway Operating is the principal operating subsidiary of Clearway, which holds all the operating projects and the obligor of the debt obligations outside of the project debt. Similar to Clearway Operating's outstanding notes, the new notes will be guaranteed on a joint and several basis by intermediate holding company, Clearway Energy LLC, and certain subsidiaries. Clearway plans to use the proceeds raised in connection with the notes offering to fund investments in clean energy assets, to repay outstanding borrowings on Clearway Operating's $700 million revolving credit facility and for general corporate purposes. RATINGS RATIONALE "Clearway's Ba2 rating reflects its diversified portfolio of largely contracted clean energy and conventional power projects with creditworthy counterparties" said Nati Martel, Moody's Ratings Vice President Senior-Analyst. "The rating is underpinned by the expectation that Clearway will maintain a stable financial profile including a ratio of funds from operations (FFO) to debt in the 8-10% range despite the increase in debt to fund portfolio additions.", added Martel. The Ba2 rating reflects management's announcement on its third quarter 2025 earnings call that the company will deploy a financial strategy that mitigates a deterioration in credit quality, including financing asset acquisitions that does not materially increase its leverage metrics by using a combination of debt and equity along with retained cash flow as the company gradually reduces its payout ratio to a target level of 70% by 2030 compared to an average historical ratio of over 80%. The Ba2 rating and stable outlook considers the cash flow visibility from a portfolio of contracted assets with a remaining weighted average contract life of about eleven years as of the end of 2025, based on cash flow available for distribution. The rating also incorporates geographic diversity with a generating fleet installed in nine distinct markets with California, ERCOT and Western Interconect each accounting for over 10% of the capacity, on an ownership adjusted basis. However, Moody's estimates that assets operating in CAISO and contracted with Californian offtakers, including the utilities Pacific Gas & Electric Company (Baa3 stable) and Southern California Edison Company (Baa1 stable) account for over 50% of the installed capacity with the concentrated exposure somewhat constraining Clearway's rating. On January 07, 2026, Clearway disclosed a material weakness specifically related to its internal control over the application of the hypothetical liquidation at book value (HLBV) accounting to allocate net income (loss) to its redeemable noncontrolling interests and noncontrolling interests in tax equity partnerships. In light of this development, Moody's changed Clearway's Compliance & Reporting score to 3 from 2 to reflect the higher risk from a corporate governance perspective. Clearway's governance issuer profile score remains G-3. The Ba2 rating and stable outlook incorporates the modest impact the material weakness will have on the company's financial results as indicated by management. If additional material weaknesses are identified, it may suggest a deterioration in Clearway's corporate governance which may weaken the company's credit quality and add downward pressure to the rating. LIQUIDITY Clearway has good liquidity, as reflected in its SGL-2 speculative grade liquidity rating. Moody's expects the company will generate solid cash flow available for distributions of about $500 million per year. Clearway Operating has access to a $700 million revolving credit facility that is scheduled to expire in March 2028. At the end of September, borrowings were $405 million and outstanding letters of credit of $102 million, which reduced availability on the facility to $193 million. However, in October 2025, management used $190 million of proceeds received from the sale of the Mt Storm windfarm to Clearway Renew LLC for repowering purposes to reduce the outstanding balance to about $215 million. Additionally, the company had $251 million of unrestricted cash on hand as of September 30, 2025. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Factors that could lead to an upgrade Pending the correction of the internal reporting material weakness, an upgrade could be considered if Clearway's consolidated FFO to debt rises to the mid-teens, on a sustained basis. Factors that could lead to a downgrade A negative rating action could occur if Clearway's consolidated run-rate FFO to debt falls below 8% on a sustained basis, or if the cash flow from its projects prove to be more volatile or less resilient than Moody's expectations. A downgrade can also occur if the company modifies its financing strategy in a way that negatively impacts credit quality. A significant credit deterioration of the California utilities to which it sells power could also lead to a negative rating action. Negative pressure on the rating is likely if the material weakness results in a substantial impact on Clearway's financial results or there is a further deterioration in the company's corporate governance. LIST OF AFFECTED RATINGS Issuer: Clearway Energy, Inc. Affirmations: LT Corporate Family Rating, Affirmed Ba2 Probability of Default Rating, Affirmed Ba2-PD Outlook Actions: Outlook, Remains Stable Issuer: Clearway Energy Operating LLC Assignments: Backed Senior Unsecured, Assigned Ba2 Affirmations: Backed Senior Unsecured, Affirmed Ba2 Outlook Actions: Outlook, Remains Stable The principal methodology used in these ratings was Unregulated Utilities and Power Companies published in August 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Clearway is a subsidiary yieldco of Clearway Energy Group LLC (Clearway Group), which is sponsored by Global Infrastructure Partners (GIP), owned by BlackRock, Inc (Aa3 stable). and TotalEnergies SE (Aa3 stable). Clearway Group has a controlling interest in Clearway, through its 54.9% voting interest at the end of October 2025. Clearway and Clearway Group's economic interests in Clearway Energy LLC, the notes co-guarantor and Clearway Operating's parent company, were 58.62% and 41.38%, respectively, at the end of October. Clearway owns a portfolio of renewable and conventional generation infrastructure projects, primarily located in California, ERCOT and the Western Interconnect markets in the US. At the end of September, the fleet consisted of ninety-two assets with am installed capacity of about 12.7 Gigawatt (GW) or around 9.5 GW, on an ownership adjusted basis. The portfolio consists of wind, solar, battery energy storage system and natural gas-fired power generation facilities. Clearway's growth strategy includes acquiring assets from Clearway Renew LLC, a Clearway Group's subsidiary, and from third unrelated parties. COLLECTIVE CONCEPTS: Loses Bid to Vacate In Rem Relief Order ------------------------------------------------------------ Judge Paul W. Bonapfel of the United States Bankruptcy Court for the Northern District of Georgia denied the motion of Collective Concepts, LLC to vacate the order granting in rem relief to PennyMac Loan Services, LLC. Three bankruptcy cases filed by different debtors in the past thirteen months have prevented PennyMac Loan Services, LLC from foreclosing on real property at 7354 Watonga Way, Riverdale, GA 30296 (the "Property"). The third bankruptcy case was filed pro se by Collective Concepts, LLC. After a hearing on December 11, 2025, the Court entered an order granting "in rem" relief to PennyMac pursuant to 11 U.S.C. Sec. 362(d)(4) . Collective requests that the Court vacate its Order granting in rem relief pursuant to FED. R. CIV. P. 60(b)(4), made applicable by FED. R. BANKR. P. 9024, on the theory it is void for four reasons: (1) PennyMac is not a creditor of Collective and the property on which PennyMac holds a lien is not property of its estate; (2) Collective did not, as a matter of fact and law, engage in a scheme to delay, hinder, or defraud creditors; (3) the Court dismissed Collective's case before considering PennyMac's motion, thus removing the Court's authority to grant PennyMac's motion; and (4) the Court violated Collective's due process rights. According to the Court, contrary to Collective's assertion, the automatic stay operates as a stay not just against property of the estate. Specifically, Sec. 362(a)(3) operates as a stay against any act to obtain possession of property from the estate." PennyMac's attempt to exercise its lien rights against non-debtor property occupied by a debtor could fall within Sec. 362(a)(3). To adopt Collective's theory -- that because PennyMac was not its creditor but was still stopped by the automatic stay to proceed on property that was not property of Collective's estate -- leads to an absurd result. For these reasons, the Court concludes it had authority to grant relief under Sec. 362(d)(4) even though PennyMac is not a creditor of the Debtor and the Property is not property of the Debtor's estate. The Court has no difficulty in concluding that filing of Collective's petition was part of a scheme to delay, hinder or defraud creditors that involved multiple bankruptcy filings affecting the Property. The Court concludes that Collective fails to assert any ground for declaring the In Rem Order void or otherwise granting relief from it. A copy of the Court's Order dated December 30, 2025, is available at https://urlcurt.com/u?l=mmHEYC About Collective Concepts LLC Collective Concepts, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-62743) on November 3, 2025. CONSTANT CARE: Gets Court OK to Use Cash Collateral --------------------------------------------------- Constant Care of Colorado Springs, Inc. got the green light from the U.S. Bankruptcy Court for the District of Colorado to use cash collateral to fund operations. Under the order, the Debtor is permitted to use cash collateral strictly in accordance with its operating budget, subject to a 10% variance per expense line item per month. This authorization allows the Debtor to continue ordinary business operations while its Chapter 11 Subchapter V case proceeds. As adequate protection, any creditor with a properly perfected security interest in the cash collateral will be granted a replacement lien on the proceeds of all post-petition accounts of the Debtor. The secured creditors that assert an interest in the Debtor's current cash and future receipts include the U.S. Small Business Administration, BayFirst National Bank, Celtic Bank Corporation and C T Corporation System. The court order required the Debtor to maintain adequate insurance coverage, file periodic reports, and pay all post-petition taxes as additional protection. A copy of the order is available at https://is.gd/KNAdqU from PacerMonitor.com. Constant Care of Colorado Springs is a provider of four small, residential senior living homes in Colorado Springs. It filed for Chapter 11 Subchapter V bankruptcy on November 7 due to financial distress stemming from the COVID-19 pandemic. The pandemic caused a sharp decline in occupancy as families delayed placing loved ones in communal settings, while operating costs rose significantly due to required infection-control measures, including PPE, enhanced cleaning, staff testing, and higher wages to retain caregivers in a strained labor market. This combination of reduced revenue and elevated expenses forced the Debtor to rely on SBA Economic Injury Disaster Loans, yet the Debtor still accrued rent arrears and lacked sufficient cash flow to remain current on obligations. About Constant Care of Colorado Springs Inc. Constant Care of Colorado Springs Inc. operates in the health care industry. Constant Care of Colorado Springs sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case 25-17336) on November 7, 2025, listing between $50,001 and $100,000 in assets and between $1 million and $10 million in liabilities. Jonathan Dickey serves as Subchapter V trustee. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by David J. Warner, Esq., at Wadsworth Garber Warner Conrardy, P.C. CREDIT SUITE: Seeks Subchapter V Bankruptcy in Florida ------------------------------------------------------ On January 7, 2026, Credit Suite Inc. 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 $1,000,001 and $10,000,000 in debt owed to between 1 and 49 creditors. About Credit Suite Inc. Credit Suite Inc. provides business credit building services and small business financing support, helping entrepreneurs establish and use business credit, understand factors affecting fundability, and access loans and credit lines through lenders and brokers. Founded in 2014, the Company focuses on advising business owners on separating personal and business credit and preparing for financing before applying for capital. Credit Suite Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00085) on January 7, 2026. In its petition, the debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1,000,001 and $10,000,000. Honorable Bankruptcy Judge handles the case. The debtor is represented by Kathleen DiSanto, Esq. of Bush Ross, P.A. CRESCENT CITY: Unsecured Claims Under $20K to Recover 100% in Plan ------------------------------------------------------------------ Crescent City Meat Co Inc. filed with the U.S. Bankruptcy Court for the Eastern District of Louisiana a Plan of Reorganization for Small Business dated January 6, 2026. The Debtor is a wholesale sausage manufacturing company that began in January 1986. Mr. Hanford is the founder, president and sole shareholder of the Debtor. The Debtor sells its products nationally to distributors that supply restaurants and grocery stores. The Debtor has 15 full time employees. The Debtor's plant and manufacturing warehouse is owned individually by the Debtor. In order to recover from Hurricane Ida, and to cover the short fall in purchases due to the reduction in the number of operating restaurants, the Debtor turned to merchant cash advance loans to help him in funding the business. The Debtor subsequently filed for bankruptcy protection when the merchant cash advance lenders began seizing receivables due to the Debtor. The Debtor's financial projection shows that it has projected disposable income for the 36-month period required in Section 1191(c)(2) of $1,099.00, which will be used to fund the Plan. Class 3 Convenience Class creditors consist of general unsecured claimants with claims totaling less than $20,000.00. This includes Proof of Claim No. 1 of the Ford deficiency for $9,050.00; LDR unsecured Proof of Claim No. 2 for $3,668.47; US Food Claim No. 10 for $9,146.55; Euler Hermes Claim No. 11 for $3,744.30, The American Express Claim No. 13 for $12,056.46 and the IRS unsecured claim of $15,645.38 (Proof of Claim No. 14). Additionally, the Debtor listed as undisputed three creditors with claims totaling $14,186.88, which creditors did not file proofs of claim. The total Claimants in this Class are $67,490.04. The Class 3 Claimants shall be paid 100% of outstanding claims in two equal lump sum payments made within the first 24 months of the Plan. The First Payment of $33,749.02 will be made 12 months after the Effective Date from the Debtor's disposable income. The Second Lump Sum Payment will be made in Plan month 24 for $33,749.02 from the Debtor's disposable income. Debtor will act as its own disbursement agent. Class 4 consists of General Unsecured Claims with claims exceeding $20,000.00. This Class consists of the four Claims filed by Home Bank, which claims total $1,027,047.04. These loans are secured by the Debtor's Manufacturing warehouse and plant that is personally owned by the Debtor's principal Gerard Hanford. These four loans are also cross collateralized with the Debtor's personal residence, that is separately finance by Home Bank. Upon information and belief, the past due arrears on the four loans held by Home Bank total $65,230.27 through November, 2025. It is anticipated that additional arrears will accrue between the date that this Plan is filed and the Plan Effective Date. These total loan arrears shall constitute the Home Bank Arrearage Claim. The Debtor make monthly payments to Home Bank to cure the past due arrears over 24 months, without interest. These payments will be made on a monthly basis on the first day of the month, beginning on the first day of the first full month following the Plan Effective Date. Home Bank shall treat the four loans as current as of the Plan Effective Date. The Home Bank Arrearage Claim will be funded by the Debtor's disposable income. Additionally, the Debtor shall keep the four Home Bank loans as current following the Plan Effective date and will make the monthly payments as "rent " for the continued use of the Home Bank collateral. Home Bank shall be enjoined from proceeding against the Hanfords personally or foreclosing upon the collateral during the full duration of this Plan as long as the Plan payments (under the terms of the original notes) remain current. Class 5 consists of Equity Interest. Gerard Hanford, the sole shareholder of the Debtor, shall retain his ownership interest herein and become shareholder of the Reorganized Debtor. This Plan will be funded by the post-petition disposable income earned by the Debtor. Funds held by the Debtor in its DIP account will be used to satisfy outstanding Administrative Expenses. Debtor estimates that the balance in the Debtor in Possession Operating account will be $23,000.00 as of the Confirmation Hearing. A full-text copy of the Plan of Reorganization dated January 6, 2026 is available at https://urlcurt.com/u?l=6KaTA2 from PacerMonitor.com at no charge. Counsel for the Debtor: Robin R. De Leo, Esq. The De Leo Law Firm, LLC 800 Ramon St. Mandeville, LA 70448 Tel: (985) 727-1664 Fax: (985) 727-4388 E-mail: lisa@northshoreattorney.com About Crescent City Meat Co Inc. Crescent City Meat Co Inc. is a meat processing company based in Metairie, Louisiana, specializing in Cajun-style sausages and boudin. The Company offers products made from pork, crawfish, shrimp, and alligator, and operates under USDA inspection. Founded in 1985, it serves retail and wholesale customers in the region. Crescent City Meat Co Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11178) on June 10, 2025. In its petition, the Debtor reports total assets of $1,993,006 and total liabilities of $1,479,338. The Debtors are represented by Robin R. De Leo, Esq. at THE DE LEO LAW FIRM, LLC. CRIOLLO ENTERPRISES: Seeks Chapter 7 Bankruptcy in Florida ---------------------------------------------------------- On January 7, 2026, Criollo Enterprises, Inc., filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About Criollo Enterprises, Inc. Criollo Enterprises, Inc. is a food and hospitality company that operates restaurant and food service concepts centered on Latin-inspired cuisine. The company focuses on providing high-quality dining experiences through traditional recipes and fresh ingredients. Criollo Enterprises, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00042) on January 7, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Jacob A. Brown handles the case. The Debtor is represented by Patrick L. Cordero, Esq. of Law Offices Of Patrick L. Cordero, P.A. DELTA OAKS: Case Summary & Two Unsecured Creditors -------------------------------------------------- Debtor: Delta Oaks, LLC Attn. Steven Kent Peterson 250 MacArthur Blvd. San Leandro, CA 94577 Business Description: Delta Oaks, LLC is a single-asset real estate company that owns a commercial building located at 445 E. Main St. in Stockton, California, with an appraised value of $2.2 million. Chapter 11 Petition Date: January 5, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-40014 Judge: Hon. William J. Lafferty Debtor's Counsel: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP PO Box 789 Pacific Palisades CA 90272 Tel: (310) 804-2157 Email: Ocbkatty@aol.com Total Assets: $2,200,000 Total Liabilities: $926,341 The petition was signed by Steven Kent Peterson as president. 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/2F5WBVY/Delta_Oaks_LLC__canbke-26-40014__0001.0.pdf?mcid=tGE4TAMA DEPLOYED SOLDIERS: Claims to be Paid from Available Cash & Income ----------------------------------------------------------------- Deployed Soldiers Network, LLC, filed with the U.S. Bankruptcy Court for the District of Maryland a Subchapter V Plan dated January 6, 2026. The Debtor is a Delaware Subchapter S corporation which provides telecommunications services to deployed American servicemembers in Kosovo, consulting services, and coating and overlay roofing services. The Debtor was registered under the laws of the State of Delaware on November 23, 2004. Prior to 2025, the Debtor exclusively engaged in telecommunication and consulting. In early 2025, the Debtor expanded to provide roofing and arborist services to companies installing solar panels onto building roofs. In an effort to provide the arborist service, the Debtor purchased approximately $500,000.00 of vehicles and machinery. To finance said vehicles and machinery, the Debtor obtained financing in excess of $500,000.00, all of which is secured. Shortly after the purchase of the vehicles and equipment, the arborist services offered by the Debtor were no longer required by the solar installation companies contracting the Debtor. Accordingly, the Debtor could not generate the income required to repay the monthly amounts owed pursuant to the terms of the financing agreement. Unable to continue its business under these circumstances, the Debtor filed for relief under Chapter 11 of the Bankruptcy Code. Pursuant to Section 1190(2) of the Bankruptcy Code, the proposed Plan provides that $23,480.47 will be paid to the general unsecured class, which accounts for one hundred percent of the unsecured claims. There are no avoidable prepetition transfers. As such, after payment of priority and administrative claims, the distribution to unsecured creditors in a Chapter 7 liquidation would be the same or lower than under this Plan. Class J consists of all allowed general unsecured claims against the Debtor. In accordance with the provisions of Section 1191(d) of the Bankruptcy Code, this class shall be paid in full within thirty days of the Execution Date. The allowed unsecured claims total $23,480.47. This class is unimpaired. Funds for implementation of the Plan will be derived from the Debtor's business income and cash on hand or, for certain secured claims, proceeds from sales of secured property. The Debtor can afford to make the payments herein because its existing cash on hand and receivables equals the amount to be distributed and shows the ability to make the payments required herein. A full-text copy of the Subchapter V Plan dated January 6, 2026 is available at https://urlcurt.com/u?l=7si83S from PacerMonitor.com at no charge. About Deployed Soldiers Network LLC Deployed Soldiers Network, LLC is an information technology company that appears to provide specialized IT services related to military personnel or veterans. Deployed Soldiers Network sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17821) on August 26, 2025. In its petition, the Debtor reported between $500,000 and $1 million in assets and liabilities. The Debtor is represented by: David Erwin Cahn Law Office Of David Cahn, LLC Tel: 301-799-8072 Email: david@cahnlawoffice.com ECOVYST CATALYST: S&P Upgrades ICR to 'BB' on Sale of Business -------------------------------------------------------------- S&P Global Ratings raised its rating on Ecovyst Catalyst Technologies LLC to 'BB' from 'BB-'. S&P also raised its rating on the company's term loan by two notches to 'BBB-' from 'BB'. The recovery rating was revised to '1' (rounded estimate: 95%) from '2'. The stable outlook reflects S&P's view that earnings will improve modestly in 2026 (pro-forma for the divestiture), driven by stable underlying regeneration services demand and improving virgin sulfuric acid demand for mining. On Dec. 31, 2025, Ecovyst completed the sale of its Advanced Materials & Catalyst (AM&C) segment to Technip Energies for expected net proceeds of $530 million. At closing, Ecovyst used $465 million of the proceeds to repay term loan borrowings. Following the debt repayment, S&P Global Ratings-adjusted net debt to EBITDA improved to less than 2x from over 3x pre-divestiture. S&P said, "Recent debt repayment materially improves leverage metrics; however, we expect management will use this increased financial flexibility to pursue potential acquisitions and share repurchases. The AM&C sale divested about 27% of the company's last-12-months EBITDA and proceeds were used to repay over half of its gross debt. For last-12-months September, funds from operations (FFO) to debt stood at about 20%. Following $465 million of debt repayment, we now expect FFO to debt will end 2026 near 45%, higher than our prior upside threshold of 30%. Similarly, debt to EBITDA, which was above 3x prior to the transaction, will improve to below 2x on an S&P Global Ratings-adjusted basis. These metrics are modestly stronger than Ecovyst's stated 2x-2.5x net leverage target. "We believe leverage will increase over time as the company uses balance sheet cash for share repurchases (under its current $200 million authorization) and for bolt-on mergers and acquisitions. However, given its expected capital structure, even if management pursues more aggressive financial policies, we believe FFO to debt will remain above 30%. The company could also make a larger, transformative acquisition, but this is not built into our base case. "The remaining ecoservices business has a history of steady free cash flow generation that should support maintaining appropriate debt leverage over time regardless of management's chosen financial policies. We expect free cash flow will be greater than $60 million in 2026, supported by $20 million of interest cost savings, partially offset by slightly higher capex as the company invests additional capital at its recently purchased Waggaman facility." The divestiture reduces scale and diversification for the business. The silica catalyst and Zeolyst businesses together accounted for about $70 million of Ecovyst's $257 million of segment EBITDA over the last 12 months (as of the second quarter). However, they provided incremental diversification and scale to a business that is already smaller and less diversified from an end-market and geographic perspective than other 'BB' rating category peers such as Avient Corp. or Element Solutions Inc. AM&C's exposure to end markets such as polyethylene production and renewable fuels also provided structural growth opportunities versus the more mature Ecoservices business. Both AM&C businesses were also highly profitable and cash generative, with historical segment EBITDA margins exceeding 30%. Ecovyst is now primarily a supplier of virgin sulfuric acid and regeneration services. Virgin sulfuric acid contracts are typically one to three years while regeneration services sales are made under long-term contracts (generally three to eight years) with refining customers. Contracts allow for the direct pass-through of sulfur and freight costs, and contain favorable features, including take-or-pay arrangements, capacity reservation fees, or quarterly price adjustments (covering more than 90% of Ecoservices sales) that should continue to support S&P Global Ratings-adjusted EBITDA margins in the high-20% area. These margins are optically lower than the legacy business but should be considerably more stable given the pass-through mechanisms outlined above. Ecoservices segment EBITDA has been remarkably stable over the past 5-years, averaging about $200 million over that period. The company's facilities are also located strategically near certain customers, concentrated in California and along the U.S. Gulf Coast. Its assets and dedicated transportation and logistics infrastructure provide a key cost advantage and barriers to entry for potential competitors. This geographic and customer concentration also leaves the company's operations vulnerable to the loss of key customers, or operational outages from natural disasters or refinery outages, particularly from hurricanes or winter storms along the Gulf Coast. Historically, Ecovyst has retained key customers; however, 10 customers account for approximately 60% of revenues. Its assets are often configured to serve certain specific facilities. The loss of large refining customers could significantly reduce both demand for sulfuric acid regeneration and the supply of key raw materials to produce sulfuric acid (sulfur). S&P said, "The stable outlook reflects our expectation that Ecovyst will sustain leverage metrics appropriate for the rating, including weighted-average FFO to debt above 30% in the near term. We expect S&P Global Ratings-adjusted pro-forma EBITDA will increase year over year in 2026, with an improvement in regeneration volumes from fewer scheduled turnarounds and stronger mining demand, offset by inflationary cost pressures. Our outlook also incorporates management's financial policies, which we believe will focus on returning cash to shareholders and pursuing bolt-on acquisitions. While this will increase leverage over the next year, we believe management will remain committed to its leverage target (2.0x-2.5x in the medium term)." S&P could consider a negative rating action within the next 12 months if: -- Ecovyst pursues large, debt-funded acquisitions or shareholder rewards, resulting in FFO to debt deteriorating modestly below 30% on a sustained basis; -- Demand for transportation fuel contracts, resulting in lower refinery and alkylation unit utilization; -- The company loses large refining customers either through competitive pressure or refinery closures; -- S&P reassesses its business risk assessment due to declining business scale and end-market diversification; or -- U.S. economic growth slows, demand for the company's products sold to industrial customers falls, and EBITDA declines more than 10% below S&P's current base case. While unlikely at this time given management's expected financial policies, S&P could consider a positive rating action within the next 12 months if weighted-average FFO remains above 45% and management commits to financial policies that support leverage at this level. This would most likely occur if: -- Transportation fuel demand improves, leading to higher volumes and improved contracts in Ecoservices, while nylon production rebounds, resulting in higher virgin sulfuric acid volumes; or -- The company prioritizes directing free cash flow toward debt repayment over growth initiatives, acquisitions, or share repurchases. Prior to any positive rating action, S&P would need to believe management is committed to maintaining financial policies and metrics that support a higher rating. EMUNDSON INC: Hires Onsager Fletcher Johnson Palmer as Counsel -------------------------------------------------------------- Emundson Inc., d/b/a Arbor Valley Nursery seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Onsager Fletcher Johnson Palmer LLC as counsel. The firm will provide these services: a. legal advice with respect to the Debtor's rights and duties as a debtor-in-possession and continued business operations; b. assist, advise and represent the Debtor in any manner relevant to preserving and protecting the Debtor's estate; c. prepare on the Debtor's behalf all necessary applications, motions, answers, orders, reports, plans, disclosure statements and other legal papers that may be required; d. appear in Court and to protect the Debtor's interests before the Court; e. assist the Debtor in administrative matters; and f. assist in the winding up and dismissal of the bankruptcy proceedings of the Debtor, post-confirmation. The firm will be paid at these rates: Christian Onsager $600 per hour J. Brian Fletcher $425 per hour Andrew D. Johnson $400 per hour Alice A. White $450 per hour Joli A. Lofstedt $425 per hour Gabrielle G. Palmer $325 per hour Paralegals $150 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. On Oct. 21, 2025, the firm received a retainer from Debtors in the combined amount of $ 100,000. J. Brian Fletcher disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: J. Brian Fletcher, Esq. Alice A. White, Esq. Onsager Fletcher Johnson Palmer, LLC 600 17th Street, Suite 425N Denver, CO 80202 Tel: (720) 457-7061 Email: jbfletcher@OFJlaw.com awhite@OFJlaw.com About Edmundson, Inc. Edmundson, Inc. is a Colorado-based corporation engaged in nursery and garden center retail and wholesale operations, offering plants, landscaping supplies, and related products. The Company operates nursery facilities in Brighton, which serves as its headquarters, as well as Fort Collins and Franktown, serving residential and commercial customers throughout Colorado. Edmundson, Inc. and Edmundson Land LLC filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case Nos. 26-10019 & 26-10021, respectively) on January 2, 2026, listing $10 million to $50 million in both assets and liabilities. The petitions were signed by Matthew Edmundson as CEO and member. J. Brian Fletcher, Esq. at ONSAGER FLETCHER JOHNSON PALMER LLC serves as the Debtor's counsel. EXCELL COMMUNICATIONS: Seeks to Extend Plan Exclusivity to Feb. 27 ------------------------------------------------------------------ Excell Communications, Inc. and affiliates asked the U.S. Bankruptcy Court for the Eastern District of New York to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to February 27 and April 17, 2026, respectively. The Debtors explain that several issues remain unresolved which preclude the Debtors from proposing a plan of reorganization at this time, while the companies have made substantial progress in these cases. The Court's Order (I) Establishing Deadlines for Filing Proofs of Claim, and (II) Approving Form and Manner Thereof (the "Bar Date Order") set August 25, 2025 as the general bar date, and October 13, 2025 as the Governmental Bar Date. The Debtors continue to analyze and review the filed claims, which should facilitate the plan process. The Debtors claim that their main asset is inventory and related equipment. The Debtors and the Committee are working cooperatively to obtain a meaningful value for the inventory and/or a purchaser. As of the date hereof, the parties have not identified a buyer for the assets or settled upon a reasonable value. Accordingly, given the complexity of the issues presented in this case, the Debtors have demonstrated good faith progress towards reorganization and reasonable prospects for filing a viable Plan. The Debtors submit that cause exists to grant the proposed further extension of the Exclusivity Period. The Debtors believe that it is essential and therefore beneficial to the estates and their creditors that the Debtors be afforded the time necessary in an environment where the Debtors are not distracted with the concomitant threat of competing plans, unproductive confrontations and the increasing administrative costs associated therewith. Finally, the Creditors Committee and DIP Lender consent to the relief requested herein. As such, the Debtors believe that the proposed further extension of the Exclusivity Period will not prejudice creditors of the Debtors' estates or other parties-in interest. The Debtors cite that absent the extension of the Exclusivity Period pending the hearing and determination of the Motion, it will expire on January 22, 2026. The Debtors respectfully request that this Court extend the Exclusivity Period through and including the hearing and determination of the Motion. Counsel to the Debtors: Michael Amato, Esq. FORCHELLI DEEGAN TERRANA LLP 333 Earle Ovington Blvd., Suite 1010 Uniondale, NY 11553 Tel: (516) 812-6291 E-mail: mamato@forchellilaw.com About Excell Communications Excell Communications, Inc., filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-71444) on April 14, 2025. Judge Louis A Scarcella presides over the case. Michael S Amato, at Ruskin Moscou Faltisckek PC, is the Debtor's counsel. FIRST BRANDS: Court OKs Examiner Appointment to Probe Alleged Fraud ------------------------------------------------------------------- Steven Church of Bloomberg Law reports that U.S. Bankruptcy Judge Christopher Lopez has approved the selection of a corporate litigator to lead an inquiry into alleged fraud at First Brands Group, a major player in the auto-parts industry. The appointment is intended to clarify and assess multi-billion-dollar claims that have emerged during the company’s Chapter 11 reorganization. The U.S. Trustee designated Martin De Luca of Boies Schiller Flexner to conduct the investigation and submit a comprehensive report on allegations of mismanagement and fraud. The court-approved order allows De Luca to work within a $7 million budget to complete his review, the report states. About First Brands Group 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. FOUR SEASONS: Hires Ripley Doorn & Company PLLC as Bookkeeper ------------------------------------------------------------- Four Seasons Roofing, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Idaho to employ Heather Rippy and Ripley Doorn & Company, PLLC, as its bookkeeper. The professional services the firm is to render are: a. bookkeeping services and consulting, and b. monthly reconciliation reports as needed. Ms. Rippy has been a bookkeeper for 8 years. Ms. Rippy charges rate of $140 per hour for bookkeeping services. As disclosed in the court filings, Heather Rippy does not have a connection with Four Seasons Roofing, Inc's creditors, or any other party in interest, their respective attorneys or Bookkeepers, United States Trustee, or any person employed in the office of the United States Trustee. The bookkeeper can be reached at: Heather Rippy Ripley Doorn & Company, PLLC 1140 S Allante, Ave Boise, ID 83709 Phone number: (208) 375-0550 Email: hrippy@rdcpa.com Website: www.rdcpa.com About Four Seasons Roofing Inc. Four Seasons Roofing, Inc. is a roofing and construction services company providing residential and commercial roofing solutions, maintenance, and repair services. Four Seasons Roofing sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Idaho Case No. 25-01065) on December 19, 2025. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Brent R. Wilson handles the case. The Debtor is represented by Jared Smith, Esq., and Patrick J. Geile, Esq., at Foley Freeman PLLC. GENESIS PROJECT: Hires Blossom Law PLLC as Bankruptcy Counsel ------------------------------------------------------------- Genesis Project 1 Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to hire Blossom Law PLLC to handle its Chapter 11 case. Blossom Law will charge $400 per hour for its services, plus reimbursement of expenses incurred. Rashad Blossom, Esq., an attorney at Blossom Law, disclosed in a court filing that the firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Rashad Blossom, Esq. Blossom Law, PLLC 301 S. McDowell St., Suite 1103 Charlotte, NC 28204 Telephone: (704) 256-7766 Facsimile: (704) 486-5952 About Genesis Project 1 Inc. Genesis Project 1 Inc. provides behavioral health and substance use / addiction treatment services to individuals and families in North Carolina. Founded in 2007 and based in Charlotte, the organization offers individual and family counseling, intensive in-home care, peer support, crisis intervention, and tailored care management programs. It also operates a Substance Abuse Intensive Outpatient Program (SAIOP) and community support team services aimed at promoting recovery and stability. Genesis Project 1 Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 25-31074) on October 9, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Ashley Austin Edwards handles the case. The Debtor is represented by Rashad Blossom, Esq. of BLOSSOM LAW, PLLC. GRAHAM PACKAGING: Moody's Ups CFR to B1 & Alters Outlook to Stable ------------------------------------------------------------------ Moody's Ratings upgraded Graham Packaging Company, Inc.'s (Graham) Corporate Family Rating to B1 from B2, its Probability of Default rating to B1-PD from B2-PD, and assigned a B1 rating to the proposed new senior secured first lien credit facility, consisting of a $150 million senior secured first lien revolving credit facility due 2031 and a $1.515 billion senior secured first lien term loan due 2033. Moody's also affirmed the B1 ratings assigned to the existing first lien senior secured credit facilities due 2027. At the same time, Moody's upgraded the existing senior unsecured notes due August 2028 to B3 from Caa1. The outlook was changed to stable from positive. Proceeds from the proposed senior secured credit facilities will be used to fully refinance Graham's existing senior secured credit facilities due 2027 and repay $310 million of the outstanding $510 million senior unsecured notes due 2028. Upon closing of the transaction the B1 ratings on the existing senior secured credit facilities due 2027 will be withdrawn. The leverage-neutral transaction reduces Graham's refinancing risk and extends its maturity profile, which is credit positive. "The upgrade of Graham's CFR to B1 reflects Moody's expectations that the company will remain focused on organic growth and generate positive free cash flow that will be reinvested into the business or used for debt reduction. Moody's expects Graham's operating footprint optimization to create efficiencies that support margins in a continued soft packaging market. Partnerships with existing customers and investments in new business wins continue to nourish product innovation, resulting in margin and leverage improvements," said Scott Manduca, a Vice President at Moody's Ratings. RATINGS RATIONALE Graham's B1 CFR reflects its solid market position as a leading designer and manufacturer of custom blow molded containers in North America, serving relatively defensive end markets, including food, beverage, and household products. Graham's co-located or on-site manufacturing facilities enable close customer collaboration on new products and operating efficiencies. Long term contracts with broad cost pass throughs allow Graham to manage raw material inflation and limit margin volatility. The B1 rating is also supported by the company's increased focus on voluntary debt reduction, organic growth and no dividend distributions to its owners which allows the company to reinvest free cash flow into the business. Graham's good liquidity is anchored by consistent free cash flow and the new $150 million senior secured first lien revolving credit facility due 2031. The B1 rating remains constrained by the fragmented and highly competitive nature of the plastic packaging industry. Execution risk is elevated, as success in realizing efficiencies from the company's operating footprint optimization is necessary to support credit metrics. The company does have customer concentration with its top ten customers accounting for around 50% of revenue. About 10-20% of sales is exposed to the cyclical automotive industry in the form of various sized motor oil containers. The B1 ratings on the senior secured first lien credit facilities, consisting of the revolver and term loan facilities, are at the same level as the B1 CFR, because the secured debt represents the preponderance of debt in the capital structure following the reduction in outstanding unsecured notes. The facility is guaranteed by the domestic subsidiaries and secured by a first lien on the equity and assets of the guarantors. The B3 rating on the senior unsecured notes, two notches below the corporate family rating, reflects the subordination to a significant amount of secured debt. The issuer and guarantors of the senior unsecured notes are the same as for the senior secured credit facilities. The stable outlook reflects Moody's expectations that the company will improve its profit margins and generate positive free cash flow in the next 12-18 months, which will support leverage remaining below 5.0x debt/EBITDA (4.8x for last 12 months period ending September 30, 2025), and interest coverage progressing toward 3.5x EBITDA/interest expense (3x for last 12 months period ending September 30, 2025). FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if there is sustainable improvement in credit metrics and cashflow, while maintaining good liquidity. Specifically, debt-to-EBITDA is below 4.0x, EBITDA-to-interest expense is above 4.5x, and retained cash flow-to-net debt is above 12.5%. The ratings could be downgraded if there is a deterioration in credit metrics or liquidity. Specifically, if debt-to-EBITDA is above 5.0x, adjusted EBITDA-to-interest expense is below 3.5x, and retained cash flow-to-net debt is below 10%. Marketing terms for the new credit facilities (final terms may differ materially) include the following: Incremental pari passu debt capacity up to the greater of $392 million or 100% of LTM EBITDA, with additional unlimited capacity subject to 4.35x First Lien Net Leverage Ratio. There is an inside maturity sublimit allowing incremental term loans with an earlier maturity up to the greater of $195 million or 50% of LTM EBITDA and incremental term loan with an earlier weighted average life to maturity up to the greater of $390 million and 100% of LTM EBITDA. The credit agreement is expected to include "Serta", "J. Crew", and "Chewy" protections. Headquartered in Lancaster, Pennsylvania, Graham Packaging Company, Inc. designs, manufacturers, and sells customized blow molded plastic containers. The company is 100% owned by Graeme Hart. The principal methodology used in these ratings was Packaging Manufacturers: Metal, Glass and Plastic Containers published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. H&T WHOLESALE: Claims to be Paid from Disposable Income ------------------------------------------------------- H&T Wholesale Flowers, Inc. filed with the U.S. Bankruptcy Court for the District of Arizona a Plan of Reorganization under Subchapter V dated January 5, 2026. The Debtor has been operated by its principal, Tigran Grigoryan, as a wholesale floral distributor in the State of Arizona since 2016. The company began as a small operation in Peoria, utilizing a 200-square-foot walk-in cooler. As the business expanded, one of the key challenges it faced was maintaining sufficient cash flow to purchase inventory and meet growing demand. To manage this, the company relied on credit cards and short-term, high-interest financing from the start. On August 18, 2024, Chase Bank (where the company had maintained a banking relationship for several years) unexpectedly terminated all business accounts and required immediate repayment of outstanding credit card balances. This action placed significant financial strain on the company, making it impossible to continue servicing those debts. By November 2024, the resulting derogatory mark negatively affected the Mr. Grigoryan's personal credit score, which in turn impacted the H&T's American Express business account. With Valentine's Day approaching the company was left with limited financing options and was forced to rely on larger, higher-risk cash advance loans. To add insult to injury, during the Valentine's season, the company experienced quality issues with rose shipments, resulting in approximately $200,000 less in sales than projected. The combination of reduced revenue, tightening credit, and high interest loan obligations placed severe pressure on cash flow, ultimately leading H&T Wholesale Flowers Inc. to seek protection under Chapter 11 of the U.S. Bankruptcy Code. Creditors holding allowed claims will receive distributions based upon Debtor's projected net disposable income over a period not to exceed a 55-month term. Class 5 consists of General Unsecured Claims. All non-insider allowed and approved claims under this Class shall be paid their allowed claims from all funds available for distribution as set forth in the Disbursement Schedule. The allowed unsecured claims total $1,369,171.19. The projected dividend is to be paid over a period of fifty-five months, commencing in month one of the Plan. This dividend shall be reduced by the Court approved administrative expense claims of the Debtor's counsel, Court appointed accounting professional (if any) and the Chapter 11 Subchapter V Trustee to the extent that said administrative expense claims exceed the amounts listed in this Plan. The Debtor may pre-pay any amounts due any creditor in this Class prior to the due dates in the Plan of Reorganization without penalty and without prior notice or Court approval unless otherwise provided for in the Plan of Reorganization. Debtor shall further be permitted to pay any and all distributions that are under $3,500.00 within ninety days of the Effective Dave as an administrative convenience. This Class is impaired. Equity Holder shall retain its shareholder/membership interest in the Debtor and the Debtor shall retain all legal and equitable interest in assets of this estate as all reconciliation issues have been met. Post Confirmation ownership and control shall remain with the Equity Security Holder, Tigran Grigoryan. This is a 55-month Plan with a total projected Plan yield of approximately $731,479.41. The total projected yield includes payment of Administrative Expenses and Priority Claims. Debtor agrees that it will make payments of not less than $731,479.41 over the life of the Plan which represents the Debtor's projected disposable income for that time period as required under the Code. A full-text copy of the Plan of Reorganization dated January 5, 2026 is available at https://urlcurt.com/u?l=9tzMhP from PacerMonitor.com at no charge. Counsel to the Debtor: Allan D. NewDelman, Esq. ALLAN D. NEWDELMAN, P.C. 80 East Columbus Avenue Phoenix, AZ 85012 Telephone: (602) 264-4550 Facsimile: (602) 277-0144 E-mail: anewdelman@adnlaw.net About H&T Wholesale Flowers H&T Wholesale Flowers, Inc., a wholesale flower distributor, filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09545) on October 8, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Paul Sala presides over the case. The Debtor tapped Allan Newdelman, Esq., at Allan D. Newdelman, PC as legal counsel and Accrualworld Accounting, Inc. as accountant. HERTZ GLOBAL: Justices Reject $272MM Solvent Debtor Case Appeal --------------------------------------------------------------- Clara Geoghegan of Law360 reports that the Supreme Court on Monday, January 12, 2026, refused to hear Hertz Corp.'s appeal of a Third Circuit ruling requiring the company to pay $272 million to unsecured creditors from its 2020 bankruptcy. Hertz had argued that the appellate court misinterpreted aspects of the plan, but the high court declined to take the case. As a result, Hertz must comply with the Third Circuit's judgment and distribute $272 million to its unsecured creditors. The ruling underscores the binding nature of court-approved Chapter 11 plans and limits the ability of reorganized companies to contest payment obligations after plan confirmation. About Hertz Corp. Hertz Corp. and its subsidiaries -- http://www.hertz.com/-- operate a worldwide vehicle rental business under the Hertz, Dollar, and Thrifty brands, with car rental locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. They also operate a vehicle leasing and fleet management solutions business. On May 22, 2020, The Hertz Corporation and certain of its U.S. and Canadian subsidiaries and affiliates filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware (Bankr. D. Del. Case No. 20-11218). Judge Mary F. Walrath oversees the cases. The Debtors have tapped White & Case LLP as their bankruptcy counsel, Richards, Layton & Finger, P.A., as local counsel, Moelis & Co. as investment banker, and FTI Consulting as financial advisor. The Debtors also retained the services of Boston Consulting Group to assist the Debtors in the development of their business plan. Prime Clerk LLC is the claims agent. The U.S. Trustee for Regions 3 and 9 appointed a Committee to represent unsecured creditors in Debtors' Chapter 11 cases. The Committee has tapped Kramer Levin Naftalis & Frankel LLP as its bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as Delaware counsel, UBS Securities LLC as investment banker, and Berkeley Research Group, LLC, as financial advisor. Ernst & Young LLP provides audit and tax services to the Committee. * * * Hertz Global and its subsidiaries emerged from Chapter 11 bankruptcy at the end of June 2021. Hertz won approval of a Plan of Reorganization that unimpaired all classes of creditors (who are legally deemed to have accepted it) and was approved by more than 97% of voting shareholders. The Plan provided for the existing shareholders to receive more than $1 billion of value. Recovery by shareholders of close to $8 a share was made possible after a fierce competition among bidders for control in the company. Initial offers from potential bidders for Hertz in its bankruptcy offered nothing for equity. Hertz in May 2021 selected investment firms Knighthead Capital Management LLC and Certares Management LLC, joined by other investors including Apollo Global Management Inc. and a group of existing shareholders, as the winning bidders for control of the bankrupt company. A rival group that included Centerbridge Partners LP, Warburg Pincus LLC and Dundon Capital Partners LLC was outbid at auction. Hertz's Plan eliminated over $5 billion of debt, including all of Hertz Europe's corporate debt, and will provide more than $2.2 billion of global liquidity to the reorganized Company. Hertz also emerged with (i) a new $2.8 billion exit credit facility consisting of at least $1.3 billion of term loans and a revolving loan facility, and (ii) an $7 billion of asset-backed vehicle financing facility, each on favorable terms. HIGHLAND CAPITAL: SCOTUS Refuses to Hear Chapter 11 Bias Claims --------------------------------------------------------------- Emily Lever of Law360 reports that the Supreme Court on Monday, January 12, 2026, refused to hear a case brought by the founder of Highland Capital Management, who contended that the judge handling the firm’s bankruptcy was biased. The founder pointed to two novels authored by the judge as proof of partiality. With the high court declining to intervene, the prior rulings in Highland’s Chapter 11 proceedings remain in effect. This allows the bankruptcy process and plan implementation to continue uninterrupted, the report states. About Highland Capital Management Highland Capital Management, LP was founded by James Dondero and Mark Okada in Dallas in 1993. Highland Capital is the world's largest non-bank buyer of leveraged loans in 2007. It also manages collateralized loan obligations. In March 2007, it raised $1 billion to buy distressed loans. Collateralized loan obligations are created by bundling together loans and repackaging them into new securities. Highland Capital Management sought Chapter 11 protection (Bank. D. Del. Case No. 19-12239) on Oct. 16, 2019. On Dec. 4, 2019, the case was transferred to the U.S. Bankruptcy Court for the Northern District of Texas and was assigned a new case number (Bank. N.D. Tex. Case No. 19-34054). Judge Stacey G. Jernigan is the case judge. At the time of the filing, Highland had between $100 million and $500 million in both assets and liabilities. The Debtor tapped Pachulski Stang Ziehl & Jones LLP as bankruptcy counsel, Foley & Lardner LLP as special Texas counsel, and Teneo Capital, LLC as litigation advisor. Kurtzman Carson Consultants, LLC, is the claims and noticing agent. The U.S. Trustee for Region 6 appointed a committee of unsecured creditors on Oct. 29, 2019. The committee tapped Sidley Austin LLP and Young Conaway Stargatt & Taylor LLP as bankruptcy counsel, and FTI Consulting, Inc. as financial advisor. HYDE ENVIRONMENTAL: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Hyde Environmental LLC 12459 Fort King Rd Dade City, FL 33525 Business Description: Hyde Environmental LLC, based in Dade City, Florida, provides environmental and land services, including land clearing, mulching, site preparation, and heavy equipment operations for commercial and development projects. Chapter 11 Petition Date: January 8, 2026 Court: United States Bankrupty Court Middle District of Florida Case No.: 26-00147 Debtor's Counsel: Perry Gruman, Esq. PERRY G. GRUMAN, P.A. 3400 W Kennedy Blvd Tampa FL 33609 Tel: (813) 870-1614 Email: ross@grumanlaw.com Total Assets: $1,531,318 Total Liabilities: $1,888,508 The petition was signed by Nicole Hyde as managing member. 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/W5MMLEI/Hyde_Environmental_LLC__flmbke-26-00147__0001.0.pdf?mcid=tGE4TAMA HYDE ENVIRONMENTAL: Seeks Chapter 11 Bankruptcy in Florida ---------------------------------------------------------- On January 08, 2026, Hyde Environmental LLC filed for Chapter 11 protection in the Middle District of Florida. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Hyde Environmental LLC Hyde Environmental LLC provides a range of environmental services, including hazardous waste management, environmental assessments, and remediation projects. The company serves commercial and industrial sectors with a commitment to regulatory compliance and environmental sustainability. Hyde Environmental LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00147) on January 08, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Perry Gruman, Esq. IN HOME PROGRAM: Court Extends Cash Collateral Access to Feb. 27 ---------------------------------------------------------------- In Home Program, Inc. received another extension from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to use cash collateral to fund operations. Under the third interim order, the Debtor is authorized to use cash collateral through February 27 strictly in accordance with its budget, subject to a 10% variance. As adequate protection for the Debtor's use of their cash collateral, lenders will be granted replacement liens on the Debtor's post-petition assets and their proceeds, with the same priority and validity as their pre-bankruptcy liens. If such protection proves insufficient, the lenders will be granted a superpriority administrative expense claim under 11 U.S.C. section 507(b). The replacement liens are deemed automatically perfected. Wilmington First Savings Bank, FSB, a lender, will continue to receive $10,000 per month as additional protection. The next hearing is scheduled for February 25. Objections must be filed by February 18. The third interim order is available at https://is.gd/Tc9aZm from PacerMonitor.com. Wilmington First Savings Bank provided a line of credit to the Debtor in the principal amount of $500,000. This loan is secured by a lien on all of the Debtor's assets. As of the petition date, the Debtor owed approximately $507,000 on account of this loan. Meanwhile, McKesson Corp, for itself and collateral agent for its affiliates, has a UCC-1 against the Debtor but is currently not owed any money. About In Home Program Inc. In Home Program, Inc., doing business as MARS Care, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14136) on October 10, 2025. The Debtor initially filed for Chapter 11 protection (Bankr. E.D. Pa. Case No. 24-11991) on June 10, 2024. This case was terminated on July 2, 2025. As of October 10, 2025, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $500,001 and $1 million. Judge Ashely M. Chan oversees the case. The Debtor tapped Ciardi Ciardi & Astin as legal counsel and Gitomer & Berenholz P.C. as accountant. INGLES PRODUCE: Gets OK to Use Cash Collateral Until Feb. 19 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, entered an interim order granting Ingles Produce, Inc. approval to use cash collateral through February 19. Under the interim order, the Debtor is authorized to use cash that may be encumbered by a lien held by Credibly of Arizona, LLC, Vox Funding and the U.S. Small Business Administration. The Debtor's cash currently consists of bank accounts and accounts receivable, which total $484,807.98 as of the petition date. The Debtor intends to use cash collateral in accordance with its monthly budget, which shows total expenses of $369,996 for January, $339,996 for February, and $339,996 for March. As adequate protection for the Debtor's use of cash collateral, the court granted secured creditors post-petition liens on and security interests in the Debtor's post-petition cash. The court also required the Debtor to remit $2,500 per month to the Subchapter V trustee for trustee fees, to be deposited into the trustee's trust account and reported in the Debtor's monthly operating reports. The next hearing is scheduled for February 19. The interim order is available at https://is.gd/Q82T1I from PacerMonitor.com. Ingles Produce's books and records indicate that Credibly of Arizona, a merchant cash advance lender, and the SBA hold a blanket lien for which a UCC-1 was filed against the Debtor's assets. The UCC-1 covers all assets of the Debtor including cash. As of the petition date, the Debtor owed Credibly of Arizona and the SBA $30,000 and $150,000, respectively. Meanwhile, Vox Funding, another merchant cash advance lender, holds a lien covering the Debtor's future receipts and is owed approximately $110,000 as of the petition date. About Ingles Produce Inc. Ingles Produce, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25031) on December 19, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Tarek Kiem, Esq., at Kiem Law, PLLC serves as Subchapter V trustee. Aaron A. Wernick, Esq., at Wernick Law, PLLC represents the Debtor as bankruptcy counsel. INNOVATIVE SOLUTIONS: Seeks Chapter 7 Bankruptcy in Florida ----------------------------------------------------------- On January 7, 2026, Innovative Solutions of Tampa Bay, Inc. filed for Chapter 7 protection in the Middle District of Florida. According to court filings, the Debtor reports between $0-$100,000 in assets owed to $100,001-$1,000,000 in liabilities and 1-49 creditors. About Innovative Solutions of Tampa Bay, Inc. Innovative Solutions of Tampa Bay, Inc. is a provider of IT and business process solutions in Florida. Its services include technology consulting, system integration, and ongoing IT support for enterprises in Tampa Bay. Innovative Solutions of Tampa Bay, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00088) on January 07, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Caryl E. Delano handles the case. The Debtor is represented by Carolyn Secor, Esq. of Carolyn Secor P.A. ISLANDMAN INVESTMENTS: Seeks Chapter 11 Bankruptcy in Georgia ------------------------------------------------------------- On January 6, 2026, Islandman Investments LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About Islandman Investments LLC Islandman Investments LLC is a Georgia-based limited liability company formed on December 14, 2015, operating in the real estate and rental and leasing industry. Islandman Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50224) on January 06, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. KATIE KAHANOVITZ: Updates BayFirst National Secured Claim Pay ------------------------------------------------------------- Katie Kahanovitz, LLC submitted an Amended Disclosure Statement describing Chapter 11 Plan dated January 7, 2026. Since the filing of the case, the Debtor has been able to increase the properties that it works with and has also added Florida properties to the portfolio. There have not been any significant events or contested matters during this case to report. Class Three consists of the Secured Claim of BayFirst National Bank. The secured claim of BayFirst National Bank (Claim #11) in the amount of $277,656.87 is secured by a Loan and Security Agreement and UCC-1 Financing Statement. This claim shall be valued by way of a Motion to Value and Determine Secured Status of Lien, which shall be filed with this Court. The secured portion of the claim shall be $38,832.64 which shall be paid over sixty months at 7% interest with a monthly payment of $768.93. BayFirst National Bank shall have a general unsecured claim in the amount of $238,824.23 which shall be treated in Class Six. This claim is impaired. Like in the prior iteration of the Plan, General Unsecured claims in Class Six include all other allowed claims of Unsecured Creditors of the Debtor, subject to any Objections that are filed and sustained by the Court. The general unsecured claims prior to the filing of any objections total the amount of $1,759,269.25. which will be paid over the five-year term of the Plan at the rate of $500.00 per month on a pro-rata basis. The payments will commence on the Effective Date of the Plan. The dividend to this class of creditors is subject to change upon the determination of objections to claims. To the extent that the Debtor is successful or unsuccessful in any or all of the proposed Objections, then the dividend and distribution to each individual Class of General Unsecured Claims then the dividend and distribution to each individual creditor will be adjusted accordingly. These claims are impaired. Class Seven consists of Equity Interest Holders. There shall be no distribution to the equity holders of the Debtor under the confirmed Plan and no dividends to this class of claimants. The Debtor will continue to operate and be managed by Katie Kahanovitz, LLC the Manager and sole shareholder. The Debtor submits that the Plan is fair and reasonable in its treatment of the respective classes of claims in this case, and that it is in the best interests of all affected parties to approve the Plans treatment of the classes of claims. A full-text copy of the Amended Disclosure Statement dated January 7, 2026 is available at https://urlcurt.com/u?l=Iv3s7E from PacerMonitor.com at no charge. Katie Kahanovitz, LLC is represented by: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About Katie Kahanovitz Katie Kahanovitz, LLC, is a real estate firm specializing in property sales, rentals, and management services. Katie Kahanovitz, LLC, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. 25-11992) on Feb. 26, 2025, listing $228,270 in assets and $2,090,833 in liabilities. The petition was signed by Katie Kahanovitz as manager. Judge Erik P Kimball presides over the case. Craig I. Kelley, at KELLEY KAPLAN & ELLER, PLLC, is the Debtor's counsel. KCAP DOMINIK: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, entered an interim order authorizing KCAP Dominik, LLC to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through January 26 in accordance with its budget to pay ordinary operating expenses, subject to a 15% variance per line item. The court recognized that the secured lender, X-Caliber Funding, LLC, holds valid, perfected, first-priority liens on the Debtor's property and related collateral securing approximately $17.3 million in debt. As adequate protection, X-Caliber will be granted replacement liens on post-petition assets of the same type and priority as its pre-bankruptcy collateral, subject to U.S. Trustee fees. The lender will also be granted a superpriority administrative expense claim in case of any diminution in the value of its collateral. As additional protection, the Debtor must make monthly payments equal to the non-default interest accruing on the secured debt, with a cash component estimated at approximately $32,000 per month. The final hearing is scheduled for January 26. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/qpNoz from PacerMonitor.com. X-Caliber Funding, as lender, is represented by: David M. Clem, Esq. Blank Rome, LLP 200 Crescent Court, Suite 1000 Dallas, TX 75201 Telephone: (972) 850-1450 david.clem@blankrome.com -and- Kenneth J. Ottaviano, Esq. Paige B. Tinkham, Esq. Joseph M. Robinson Jr., Esq. Blank Rome, LLP 444 West Lake Street, Suite 1650 Chicago, IL 60606 Telephone: (312) 776-2514 ken.ottaviano@blankrome.com paige.tinkham@blankrome.com joseph.robinson@blankrome.com About KCAP Dominik LLC KCAP Dominik LLC, doing business as The Dominik Apartments, operates a residential apartment community in College Station, Texas, offering one-, two-, and three-bedroom units for rent. The property features amenities including a swimming pool, fitness center, clubhouse, playground, bark park, and landscaped grounds, with in-unit facilities such as all-electric kitchens, air conditioning, washers and dryers, and Wi-Fi. The Company serves residents seeking pet-friendly, amenity-rich apartment living with convenient access to local shopping, dining, entertainment, and major highways. KCAP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44740) on December 3, 2025, listing between $10 million and $50 million in assets and liabilities. Tie Lasater, chief executive officer of KCAP, signed the petition. Judge Mark X. Mullin oversees the case. Jeff Carruth, Esq., at Condon Tobin Sladek Sparks Nerenberg, PLLC represents the Debtor as legal counsel. KCAP DOMINIK: Hires Condon Tobin Sladek Sparks as Attorney ---------------------------------------------------------- KCAP Dominik LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Condon Tobin Sladek Sparks Nerenberg, PLLC as attorneys. The firm will render these services: (a) advise the Debtor of the rights, powers, duties, and obligations of the Debtor as debtor and debtor-in-possession in this Chapter 11 case; (b) take all necessary actions to protect and preserve the estates of the Debtor, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor are involved, and the preparation of objections with respect to claims that are filed against the estate; (c) to the extent necessary, assist the Debtor in the investigation of the acts, conduct, assets, and liabilities of the Debtor, and any other matters relevant to the case; (d) investigate and potentially prosecute preference, fraudulent transfer, and other causes of action arising under the Debtor's avoidance powers and/or which are property of the estate; (e) prepare on behalf of the Debtor, as debtor-in-possession, all necessary motions, applications, answers, orders, reports, and papers in connection with the representation of the Debtor and the administration of the estates and this Chapter 11 case; (f) negotiate, draft, and present on behalf of the Debtor a plan for the reorganization of the Debtor's financial affairs, and the related disclosure statement, and any revisions, amendments, and so forth, relating to the foregoing documents, and all related materials; and (g) perform all other necessary legal services in connection with this Chapter 11 case and any other bankruptcy-related representation that the Debtor require. The range of hourly billing rates for attorneys anticipated to perform the majority of services on behalf of the Debtor is $500 to $800. Condon Tobin's paraprofessional hourly rates range from $250 to $350. The 2025 hourly rate for lead attorney Jeff Carruth is $605 per hour, which hourly rate is likely to increase in the first quarter of 2026. The Debtor provided a retainer to the Debtor in the amount of $75,000, and after payment of pre-petition fees and expenses and the Chapter 11 filing fee, $68,688.70 of such retainer remained on hand as of the Petition Date. As disclosed in the court filings, Condon Tobin is a "disinterested person" as that term is defined in Code Sec. 101(14). The firm can be reached through: Jeff Carruth, Esq. H. Joseph Acosta, Esq. Aimee E. Marcotte, Esq. CONDON TOBIN SLADEK SPARKS NERENBERG, PLLC 8080 Park Lane, Suite 700 Dallas, TX 75231 Tel: (214) 265-3852 Fax: (214) 691-6311 E-mail: jcarruth@condontobin.com jacosta@condontobin.com amarcotte@condontobin.com About KCAP Dominik LLC KCAP Dominik LLC, doing business as The Dominik Apartments, operates a residential apartment community in College Station, Texas, offering one-, two-, and three-bedroom units for rent. The property features amenities including a swimming pool, fitness center, clubhouse, playground, bark park, and landscaped grounds, with in-unit facilities such as all-electric kitchens, air conditioning, washers and dryers, and Wi-Fi. The Company serves residents seeking pet-friendly, amenity-rich apartment living with convenient access to local shopping, dining, entertainment, and major highways. KCAP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44740) on December 3, 2025, listing between $10 million and $50 million in assets and liabilities. Tie Lasater, chief executive officer of KCAP, signed the petition. Judge Mark X. Mullin oversees the case. Jeff Carruth, Esq., at Condon Tobin Sladek Sparks Nerenberg, PLLC represents the Debtor as legal counsel. KCAP RE FUND: Hires Condon Tobin Sladek Sparks as Attorney ---------------------------------------------------------- KCAP RE Fund II LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Condon Tobin Sladek Sparks Nerenberg, PLLC as attorneys. The firm will render these services: (a) advise the Debtor of the rights, powers, duties, and obligations of the Debtor as debtor and debtor-in-possession in this Chapter 11 case; (b) take all necessary actions to protect and preserve the estates of the Debtor, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor are involved, and the preparation of objections with respect to claims that are filed against the estate; (c) to the extent necessary, assist the Debtor in the investigation of the acts, conduct, assets, and liabilities of the Debtor, and any other matters relevant to the case; (d) investigate and potentially prosecute preference, fraudulent transfer, and other causes of action arising under the Debtor's avoidance powers and/or which are property of the estate; (e) prepare on behalf of the Debtor, as debtor-in-possession, all necessary motions, applications, answers, orders, reports, and papers in connection with the representation of the Debtor and the administration of the estates and this Chapter 11 case; (f) negotiate, draft, and present on behalf of the Debtor a plan for the reorganization of the Debtor's financial affairs, and the related disclosure statement, and any revisions, amendments, and so forth, relating to the foregoing documents, and all related materials; and (g) perform all other necessary legal services in connection with this Chapter 11 case and any other bankruptcy-related representation that the Debtor require. The range of hourly billing rates for attorneys anticipated to perform the majority of services on behalf of the Debtor is $500 to $800. Condon Tobin's paraprofessional hourly rates range from $250 to $350. The 2025 hourly rate for lead attorney Jeff Carruth is $605 per hour, which hourly rate is likely to increase in the first quarter of 2026. The Debtor provided a retainer to the Debtor in the amount of $75,000, and after payment of pre-petition fees and expenses and the Chapter 11 filing fee, $70,842 of such retainer remained on hand as of the Petition Date. As disclosed in the court filings, Condon Tobin is a "disinterested person" as that term is defined in Code Sec. 101(14). The firm can be reached through: Jeff Carruth, Esq. H. Joseph Acosta, Esq. Aimee E. Marcotte, Esq. CONDON TOBIN SLADEK SPARKS NERENBERG, PLLC 8080 Park Lane, Suite 700 Dallas, TX 75231 Tel: (214) 265-3852 Fax: (214) 691-6311 (fax) E-mail: jcarruth@condontobin.com jacosta@condontobin.com amarcotte@condontobin.com About KCAP RE Fund II LLC KCAP RE Fund II LLC is a land development company in Southwest Florida that holds properties in Cape Coral and Fort Myers, including 310-312 Hancock Bridge Parkway, 611-613 SE Van Loon Terrace, 1021-1023 SE 39th Terrace, 4124 SE 9th Court, and 1944 Sunset Place. KCAP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-44740) on December 3, 2025, listing between $10 million and $50 million in assets and liabilities. Tie Lasater, chief executive officer of KCAP, signed the petition. Judge Mark X. Mullin oversees the case. Jeff Carruth, Esq., at Condon Tobin Sladek Sparks Nerenberg, PLLC represents the Debtor as legal counsel. KELLER INSPECTION: Seeks Chapter 7 Bankruptcy in Florida -------------------------------------------------------- On January 6, 2026, Keller Inspection filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About Keller Inspection Keller Inspection operates in the building inspection industry, providing professional evaluations of homes and commercial properties. The company helps clients identify defects, safety issues, and maintenance concerns before purchases or renovations. Keller Inspection sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10072) on January 06, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Peter D. Russin handles the case. The Debtor is represented by Shannon Keith Turner, I, Esq. of Law Office of Shannon Keith Turner PA. KINGSBOROUGH ATLAS: Trustee Taps Rincon Law LLP as General Counsel ------------------------------------------------------------------ Janina M. Hoskins, Chapter 11 Trustee of Kingsborough Atlas Tree Surgery Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Rincon Law, LLP, as her general counsel. The trustee requires legal counsel to: (a) assist and advise the trustee regarding her duties under 11 U.S.C. Sec. 1106; (b) assist and advise the trustee regarding her report and recommendation under 11 U.S.C. Sec. 1106(a)(5) and, if advisable, assist in the formulation and filing of a Chapter 11 plan; (c) assist and advise the trustee regarding cash collateral issues; (d) assist and advise the trustee in the investigation, collection, and (if appropriate) liquidation of assets of the estate; (e) assist and advise the trustee regarding any transfers that may be avoidable under the provisions of the bankruptcy code; (f) represent the trustee in litigation she determines is necessary; (g) if the trustee requests, assist the trustee in the objection to claims; and (h) attend court hearings as necessary. The hourly rates of the firm's attorneys are as follows: Charles P. Maher $600 Gregg S. Kleiner $600 Jeffrey L. Fillerup $600 Michael A. Isaacs $595 In addition, the firm will seek reimbursement for expenses incurred. Charles Maher, Esq., an attorney at Rincon Law, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles P. Maher, Esq. Rincon Law, LLP 268 Bush Street, Suite 3335 San Francisco, CA 94104 Telephone: (415) 840-4199 Facsimile: (415) 680-1712 Email: cmaher@rinconlawllp.com About Kingsborough Atlas Tree Surgery Inc. Kingsborough Atlas Tree Surgery, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-10088) on February 20, 2025. At the time of the filing, the Debtor reported assets of between $1 million to $10 million and liabilities of between $10 million to $50 million. Judge William J. Lafferty oversees the case. Michael C. Fallon serves as the Debtor's legal counsel. LAKE FAMILY PRACTICE: Gets OK to Use Cash Collateral Until Jan. 27 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, entered a preliminary order authorizing Lake Family Practice of Orlando & Evans Family Care, Inc. to use cash collateral through January 27. Under the preliminary order, the Debtor is authorized to use the cash collateral of Fundworks, LLC for court-authorized payments, including U.S. Trustee quarterly fees, and ordinary operating expenses listed in its budget, subject to a 10% variance per line item. Additional expenditures may be made with written approval from secured creditor Fundworks, LLC. As adequate protection, Fundworks and other secured creditors will be granted replacement liens on the cash collateral, with the same validity, priority, and extent as their pre-bankruptcy liens. Fundworks, the Debtor's primary secured creditor, is owed approximately $22,000. The other creditors with inferior interests that may assert a lien or security interest in the Debtor's cash collateral include Upstart Network, Inc. ($25,245); CHCT Florida, LLC ($237,219.96); and Fred P. Senesi, Trustee of the Fred P. Senesi Revocable Living Trust Dated March 25, 2025 ($151,875.10). The next hearing is scheduled for January 27. The preliminary order is available at https://is.gd/c8oJKM from PacerMonitor.com. About Lake Family Practice of Orlando & Evans Family Care Lake Family Practice of Orlando & Evans Family Care is a Florida-based medical practice providing primary and family healthcare services to patients in the Orlando area. Lake Family sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-07970) on December 8, 2025. In its petition, the Debtor reported between $100,001 and $500,000 in assets and liabilities. Honorable Bankruptcy Judge Grace E. Robson handles the case. The Debtor is represented by Jeffrey Ainsworth, Esq., at BransonLaw, PLLC. LANGUAGE KIDS: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Language Kids Houston, LLC Language Kids World 1245 Heights Boulevard Houston, TX 77008 Business Description: Language Kids Houston, LLC, doing business as Language Kids World, provides language education and immersion programs for children in Houston, Texas, offering classes, camps, and virtual instruction designed to develop fluency, cultural awareness, and confidence in foreign languages across public, school-based, dual- language, and International Baccalaureate (IB) learning environments. Chapter 11 Petition Date: January 7, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-30176 Judge: Hon. Eduardo V Rodriguez Debtor's Counsel: Reese Baker, Esq. BAKER & ASSOCIATES 950 Eccho Ln Ste 300 Houston TX 77024-2824 Email: courtdocs@bakerassociates.net Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Vanessa Simpson as sole member and 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/375NO3A/Language_Kids_Houston_LLC__txsbke-26-30176__0001.0.pdf?mcid=tGE4TAMA LILYDALE PROGRESSIVE: Cash Collateral Hearing Set for Jan. 14 ------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois is set to hold a status hearing on January 14 on Lilydale Progressive Missionary Baptist Church's bid to use cash collateral. The Debtor's authority to utilize cash collateral under the court's January 5 order expires on January 14. Cadlerock is the successor in interest to Park National Bank, the original lender. It has a mortgage on the Debtor's property in Chicago, Ill., which is valued at approximately $2 million. The property generates income through tithes and offerings, which qualify as cash collateral under Section 363(a) of the Bankruptcy Code. As of the petition date, Cadlerock is owed not less than $504,401.05. About Lilydale Progressive Missionary Lilydale Progressive Missionary Baptist Church sought protection under Chapter 11 of the U.S. Bankruptcy Code (Banker. N.D. Ill. Case No. 24-12502) on August 26, 2024, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Janet S. Baer presides over the case. The Debtor tapped the Law Office William E. Jamison & Associates as bankruptcy counsel and Chitwood & Chitwood Financial Services as accountant. CadleRock III, LLC, as secured creditor, is represented by: Cynthia G. Feeley, Esq. Feeley & Associates, P.C. 161 North Clark Street, Suite 1600 Chicago, IL 60601 Tel: 312-541-1200 feeleypc@aol.com LOVE CHAPEL: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: Love Chapel of Church of God in Christ 2693 Sutter St San Francisco, CA 94115-2924 Business Description: Love Chapel of Church of God in Christ is a Single Asset Real Estate corporation that owns a church property at 2693 Sutter Street in San Francisco, California. The property is valued at $1.6 million per a certified appraisal. Chapter 11 Petition Date: January 7, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-30018 Judge: Hon. Dennis Montali Debtor's Counsel: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP PO Box 789 Pacific Palisades CA 90272 Tel: (310) 804-2157 E-mail: Ocbkatty@aol.com Total Assets: $1,606,500 Total Liabilities: $630,000 The petition was signed by Jerry Ornell Bean as chief executive officer. The Debtor submitted a list of its 20 largest unsecured creditors, but no names were included in the filing. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/73MBMDA/Love_Chapelof_Church_of_God_in__canbke-26-30018__0001.0.pdf?mcid=tGE4TAMA LOVING KINDNESS: Amends Priority Tax Claims Details --------------------------------------------------- Loving Kindness Healthcare Systems, LLC, submitted a Second Amended Disclosure Statement to accompany Plan of Reorganization dated January 6, 2026. The Debtor's revenue generated in the ordinary course of business, in addition to certain other new business lines, shall provide sufficient funds to pay all required expenses and distribution under the plan. Priority Tax Claims In accordance with section 1123(a)(1), Priority Tax Claims are not classified and will be treated in accordance with Article III of the Plan. Each Holder of a Priority Tax Claim shall be paid one hundred percent of its Allowed Priority Tax Claim through monthly plan payments over a five-year period beginning with the end of the month following the Effective Date. For the first one-hundred and eighty days, the Debtor will pay Priority Tax Claimants a reduced percentage of the total monthly plan payment, but will satisfy one hundred percent of the Allowed Priority Tax Claim by the end of the five-year term. After the first year of payments, the Debtor will have an approximate deficit of $160,000.00, should the Debtor have made equal payments over course of the full term. Accordingly, the Debtor will stretch the remaining $160,000.00 across the final four years, to ensure 100% treatment. Class 2 consists of General Unsecured Creditors. Holders of Allowed Claims in this Class will receive a pro rata distribution of their Claim upon the distribution of payments to this Class. Payments to this Class will be made in quarterly installments totaling 10% of the total Claims in the Class. Payments will begin in the first month of year two. Class 2 claims are impaired, and the Holder of a Class 2 Claim is entitled to vote to accept or reject the Plan. Class 3 consists of Membership Interests. Following the divestment of Scott Taylor, the remaining equity interests are maintained in consideration of financial contributions to post-confirmation operations. Scott Taylor is being divested of his interests for the reasons outlined in the adversary proceeding at Case No. 24-02097-JAD, in which Scott Taylor did not oppose divestment of his interest. General Unsecured Non-Tax Claims creditor pool shall be paid a pro rata share of 10% of the total value of the General Unsecured Creditors Class through quarterly plan payments over a five-year period commencing in second year of the Plan. General Unsecured Tax Claims creditor pool shall be paid a pro rata share of 10% of the total value of the General Unsecured Creditors Class through quarterly plan payments over a five-year period commencing in second year of the Plan. The Debtor shall maintain and continue to operate Loving Kindness Healthcare Systems, LLC. The Debtor's base annual net profit is expected to increase from $124,511 to $172,973 by 2030. The Debtor is also entering the following new business lines as a means to further increase revenue and profit and generate additional funds plan payments: * The Debtor will begin providing in-residential, personal home healthcare. For each house the Debtor provides in-residential care for, the monthly revenue is approximately $18,000 to 30,000.00 in the startup phase, with the revenue trending upwards to $38,000 to $48,0000 once stabilized. * Each personal home will accommodate up to ten residents, subject to inspection and approval. The Debtor anticipates charging $3,800.00 per room, per patient, with an initial census of five residents. In addition to the base charge, which will include room, board, meals, and basic personal care services, the Debtor will also offer additional, add-on services, to be billed separately. * Presently, the Debtor plans to operate these homes in the East Side of Pittsburgh, a location selected due to proximity to local hospitals, public transportation, and demonstrated demand for personal home healthcare. Bijani Davis is a licensed realtor and is evaluating both leasing and purchasing options. The Debtor will begin operating the first house as soon as regulatory approval is received and anticipates compliance to be complete by March 31, 2026. Thus, the Debtor believes the first day of operations to be no later than April 15, 2026. A full-text copy of the Second Amended Disclosure Statement dated January 6, 2026 is available at https://urlcurt.com/u?l=gpf0wh from PacerMonitor.com at no charge. Loving Kindness Healthcare Systems, LLC, is represented by: Robert S. Bernstein, Esq. Gwenyth A. Ortman, Esq. Bernstein-Burkley P.C. 601 Grant Street, 9th Floor Pittsburg, PA 15219 Telephone: (412) 456-8100 Facsimile: (412) 456-8135 Email: rbernstein@bernsteinlaw.com About Loving Kindness Healthcare Systems Loving Kindness Healthcare Systems LLC is a state-licensed Home Health Care Agency. Loving Kindness Healthcare Systems sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 24-22610) on Oct. 25, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Copa Davis, member, signed the petition. The Debtor tapped Robert S. Bernstein, Esq., at Bernstein-Burkley PC as counsel and Gloria J. Besley as accountant. LSF12 CROWN: S&P Retains 'B-' Issuer Credit Rating, Outlook Pos. ---------------------------------------------------------------- S&P Global Ratings said that LSF12 Crown Intermediate LP's (Kidde Global Solutions; KGS) proposed refinancing transaction, in which it expects to improve pricing on its senior secured term loan (about $2.069 billion outstanding as of Dec. 31, 2025) by 50 basis points, is credit neutral. All of its ratings on KGS are unchanged, including the 'B-' issuer credit rating. The outlook remains positive, reflecting its forecast for S&P Global Ratings-adjusted leverage in the high-6x area in 2025, improving to the mid-6x area in 2026. While the proposed refinancing will modestly (by about $10.3 million) reduce the annual cash interest expense, S&P expects total debt outstanding to be unchanged at transaction close. The issue-level ratings on the company's first-lien credit facilities, including its recent $300 million fungible term loan add-on issued by LSF12 Crown US Commercial Bidco LLC, remain 'B-'. The recovery rating remains '3', indicating S&P's expectation for meaningful (50%-70%; rounded estimate: 50%) recovery for lenders in the event of a payment default. ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors -- KGS's debt structure consists of a $250 million revolving credit facility due in 2029 and a $2,069 million senior secured term loan B due in 2031. The recovery rating on these facilities is '3', indicating S&P's expectation for meaningful (50%-70%; rounded estimate: 50%) recovery for lenders in the event of a payment default. -- S&P's simulated default scenario considers a payment default in 2028, reflecting a sustained economic downturn that weakens KGS's main end markets and reduces customer demand, which in turn lowers profitability and cash flow. -- At that point, liquidity and capital resources would become constrained to the point that it couldn't continue to operate without filing for bankruptcy. S&P believes the underlying business would continue to have value and expect that it would seek to emerge from bankruptcy rather than pursue a liquidation. -- S&P values the company on a going-concern basis using its projected emergence EBITDA of $253 million and a 5x multiple. This reflects its sector anchor multiple, which S&P uses for most capital goods companies. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA multiple: 5x -- EBITDA at emergence: $253 million -- Jurisdiction: U.S. -- Revolver is 85% drawn at the time of default. Simplified waterfall -- Net enterprise value at default (after 5% administrative costs): $1.203 billion -- Valuation split (obligors/nonobligors): 75%/25% -- Value available to secured debt (collateral/noncollateral): -- $1.203 billion ($1.098 billion/$105 million) -- Secured first-lien debt claims: $2.325 billion -- Recovery expectations: 50%-70% (rounded estimate: 50%) -- Debt amounts include six months of accrued interest that S&P assumes KGS will owe at default. Collateral value includes asset pledges from obligors plus equity pledges in nonobligors. LSF12 HELIX: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable ----------------------------------------------------------------- S&P Global Ratings assigned its 'B' issuer credit rating to newly formed entity LSF12 Helix Intermediate LP (LSF12 Helix) and 'B' issue-level to LSF12 Helix Parent LLC's proposed revolver and term loan. The recovery rating is '3'. The stable outlook reflects that while LSF12 Helix's S&P Global Ratings-adjusted leverage will remain high, at around 7x, through 2026, its leverage will improve toward the 6x to 7x area over time, and its free operating cash flow (FOCF) generation will improve and remain good. LSF12 Helix, through its wholly owned subsidiary LSF12 Helix Parent LLC, plans to issue a new $420 million revolver (undrawn at close), a $1.335 billion first-lien term loan, a EUR400 million first-lien term loan, and other secured debt. It will use proceeds from the issuances, along with $1.8 billion in equity provided by affiliates of financial sponsor Lone Star Funds, to fund the purchase of Hillenbrand Inc.'s equity, repay its existing debt, and pay for transaction-related fees and expenses. S&P forecasts LSF12 Helix's S&P Global Ratings-adjusted leverage to be high at 7.1x at the end of fiscal 2026 (ending Sept. 30, 2026). S&P said, "The company's S&P Global Ratings-adjusted leverage is high under our forecast. We expect the debt issued to fund the acquisition of Hillenbrand and repay its debt will drive leverage to 7.1x by the end of fiscal 2026 (ending Sept. 30). This incorporates our assumption for S&P Global Ratings-adjusted EBITDA to be down slightly year over year in 2026 and reflects that we do not net cash balances in our debt measure given LSF12 Helix's ownership by a financial sponsor. "We assume a tepid demand environment over the next year. We forecast year-over-year revenue in 2026 to decline around 2.5% (pro forma to exclude Milacron Injection molding business for a full year in 2025) driven by continued soft demand for equipment for large polyolefin projects in the company's Coperion performance materials (PM) segment, which represents around 51% of total revenue. We also assume demand remains muted in the company's Coperion food, health, and nutrition (FHN) segment as some overcapacity in the market weighs on demand for new equipment. Relatively high interest rates and geopolitical and tariff related policy uncertainty has led many of LSF12 Helix's customers to pause their investment spending over the last several quarters, and we assume demand remains soft through 2026 amid relatively high, albeit declining, interest rates, and continued geopolitical uncertainty. "We assume revenue in the company's molding technology solutions (MTS) segment remains flat year over year (when excluding Milacron in all of 2025). We assume moderate demand growth from increases in consumer spending that may be offset by weaker pricing, particularly in more competitive end markets. Furthermore, the company's backlog in its PM and FHN segments declined about 9.5% year over year at the end of fiscal 2025, translating to a greater reliance on favorable demand conditions and incremental in-year sales and order execution to minimize revenue declines in 2026. "We expect the company's S&P Global Ratings-adjusted EBITDA margin improves in 2026 as costs roll off. We believe it will increase more than 100 basis points (bps) year over year toward 14.7%. The costs we expect to roll off are related to restructuring efforts, and facility closures and consolidations. Further, we assume the company realizes net benefits from cost reduction efforts in 2026. "FOCF improves in 2026 on more favorable working capital dynamics. We forecast reported FOCF of around $120 million in 2026, compared with $10.5 million in 2025. Our forecast assumes working capital is a modest source of cash in 2026, compared with a use of $87 million 2025, since we assume order growth in 2026 in the company's Coperion PM segment. These orders typically come with advance payments, which support cash flow. We also assume cash taxes are somewhat lower year over year in 2026 compared with 2025, which was impacted by the Milacron divestiture and other non-recurring impacts. We assume these benefits to cash flow are offset by higher interest expense associated with the new capital structure, and an increase in capital expenditures (capex) to support the company's cost efficiency plan. "LSF12 Helix maintains leading positions in many of its operating markets, with scale and scope remaining relatively limited. The company maintains leading global market positions in its Coperion PM and Rotex segments (representing around 57% of total forecasted revenue), and leading positions in the Americas in its Coperion FHN segment. LSF12 Helix's MTS segment has more mixed market positions, though maintains a good market position in the Americas for certain products, particularly those with more complex application requirements. We believe these leading positions should help the company increase prices over time and maintain good levels of aftermarket revenue, which currently represents 35% of total revenue. Aftermarket revenue tends to be more stable over time and less sensitive to economic conditions given maintenance requirements on an existing installed base. "Our forecast for the company's revenue and S&P Global Ratings-adjusted EBITDA base (in the mid-$2 billion range and low- to mid-$300 million range, respectively) is smaller relative to higher rated peers. In our view, smaller scale and scope exposes the company to potential greater levels of volatility in EBITDA and credit metrics in scenarios of weakening demand. Further, the company's S&P Global Ratings-adjusted EBITDA margins have been lower (in the low-teens percent areas) relative to higher rated capital goods peers. While we assume margin improvement over time, we believe there are execution risks with achieving net cost efficiencies. "The stable outlook reflects our forecast that while S&P Global Ratings-adjusted leverage will remain high at about 7x in 2026, it will improve toward 6x to 7x over time. Furthermore, we forecast the company's FOCF generation will improve and remain good over the next year, with S&P Global Ratings-adjusted FOCF to debt in the mid-single-digit percent area, as well as stable operating performance. "We could lower ratings on LSF12 Helix if S&P Global Ratings-adjusted leverage remains above 7x or if the company generates minimal FOCF. This could occur if demand is moderately weaker than we assume, if net operational efficiencies are lower than expected, or if the company pursues leveraging acquisitions or shareholder returns." Ratings upside is unlikely over the next year given our forecast for high S&P Global Ratings-adjusted leverage and financial sponsor ownership. That said, S&P may consider a higher rating over the longer term if: -- S&P Global Ratings-adjusted is maintained under 5x; -- Financial policy decisions support adjusted leverage below this level; and -- The company maintains consistent good FOCF generation. LTR HOLDINGS: Seeks Subchapter V Bankruptcy in Louisiana -------------------------------------------------------- On December 22, 2025, LTR Holdings LLC filed for Chapter 11 protection in the Middle District of Louisiana. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About LTR Holdings LTR Holdings LLC, doing business as Wolf Disposals, provides solid waste management and debris hauling services across northeast Louisiana, parts of Mississippi, and areas along the Mississippi River. Its services include: residential garbage collection, bulky and yard waste pickup, and roll-off dumpsters; commercial and industrial waste containers, compactors, balers, and heavy equipment debris removal; and portable restroom services. LTR Holdings filed a petition under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. La. Case No. 25-11171) on December 22, 2025, listing estimated assets of up to $500,000 and estimated liabilities of up to $10 million. Lamont T. Roach, president, signed the petition. The Debtor tapped Ryan J. Richmond, Esq., at Stenberg, Naccari & White, LLC as counsel. M & N STRUCTURES: Files Amendment to Disclosure Statement --------------------------------------------------------- M & N Structures, Inc., submitted a First Amended Disclosure Statement describing Plan of Reorganization dated January 6, 2026. For purposes of the Plan and this Disclosure Statement, Debtor has utilized the asset values set forth in its petition and schedules (totaling $3,092,696.08) for determining the treatment of claims asserted as secured claims by the holders of the claims. Pursuant to this approach and Debtor's understanding of the claimants' relative priorities, the secured claim of BMO is wholly secured. The secured claim of the SBA is partially secured, but Debtor has elected, in its business judgment, to treat the SBA's claim as wholly secured in light of (i) the favorable terms of the SBA Loan Documents and (ii) the expenses associated with attempting to "cramdown" the claim relative to the benefit of any such "cramdown." After the BMO secured claim and the SBA secured claim, there is no remaining value in the Debtor's assets to secure any claim asserted by the holder as "secured." Accordingly, the Plan and Disclosure Statement treat the amounts claimed as secured by Infra-Metals Co. (Claim 7-2), H&R Construction Company (Claim 15-1), Benson-Orth Associates, Inc. (Claim 16-1) and D.J. Kranz Co., Inc. (Claim 18-1) as unsecured. Debtor intends to object to these claims to the extent the holder continued to assert them as "secured." Infra-Metals also asserts a portion of their claim is entitled to priority pursuant to Section 507(a)(2) of the Bankruptcy Code, but its proof of claim does not specify which subsection of Section 507(a)(2) of the Bankruptcy Code applies as required and Infra-Metals has not sought or obtained an order allowing any administrative expense claim. Accordingly, the Plan and Disclosure Statement will treat InfraMetals asserted "priority" claim as unsecured and Debtor intends to object to Claim 7-2 to the extent the holder continues to assert its "priority" claim. The Amended Disclosure Statement does not alter the proposed treatment for unsecured creditors and the equity holder: * Class 3-A consists of all Allowed unsecured claims against the Debtor. The approximate amount of those claims is $2,223,000.00. The holders of Allowed Class 3-A claims shall receive their pro rata share of $2,223,000.00 paid over a 5-year period, which based on current projections represents 100% of the Allowed Class 3-A claims. Payments will be made in quarterly installments of at least $55,569.00. Payments shall commence on the first day of the month beginning immediately after the Effective Date and continue every 90 days thereafter until the earlier of (i) payment in full of all Allowed Class 3-A claims, or (ii) the fifth anniversary of the Effective Date. On the fifth anniversary of the Effective Date, the Debtor shall pay the entire outstanding balance of Class 3-A Allowed Claims, in a single balloon payment. The estimated balloon payment amount as of that date is approximately $1,111,379.95. In addition, this class shall receive a pro rata distribution of any net proceeds generated from any causes of action. * Class 3-B consists of the Debtor's trade claims under $2,000.00 and any other trade claimant that agrees to reduce its claim to $2,000.00 (the "Convenience Claims"). According to the schedules filed by the Debtor in this case, there are 24 claims in this class, with estimated claims totaling approximately $19,578.00. Holders of a Class 3-B claim will receive 100% of the Allowed Claim on the Effective Date of the Plan. This class is not impaired and is therefore deemed to accept the Plan. * Class 4 consists of the holder of the shares of stock in the pre petition Debtor. The members of this class are (i) Elizabeth R. Niemeier and David R. Niemeier, as co-trustees of the Elizabeth R. Niemeier Living Trust dated October 10, 1996, and (ii) Elizabeth R. Niemeier and David R. Niemeier, as co-trustees of the Kevin C. Niemeier Disclaimer Trust dated October 10, 1996. The members of this class will be issued shares of common stock in the reorganized Debtor in proportion to their share of common stock in the pre-petition Debtor. The Debtor believes the reorganization of the business will allow its employees to remain employed and will allow customers and suppliers to continue to do business. The reorganization is anticipated to generate enough proceeds to pay the value of the collateral to the secured creditors and to provide a sum of money to pay the unsecured creditors in full on allowed claims. The reorganized Debtor will continue to operate its business following the Effective Date in accordance with the projections provided in connection with the Plan. Revenue from operations will be used to pay the costs of operations and to fund the Debtor's payments pursuant to the Plan. A full-text copy of the First Amended Disclosure Statement dated January 6, 2026 is available at https://urlcurt.com/u?l=DViPRn from PacerMonitor.com at no charge. About M & N Structures Inc. M & N Structures, Inc., provides structural steel fabrication and design-build services across Minnesota and surrounding states. It specializes in in-house 3D modeling, BIM detailing, CNC-equipped fabrication, and steel erection. M & N serves commercial, industrial, and energy-sector projects from its facility in Winsted, Minnesota. M & N sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-42489) on July 30, 2025, listing $3,092,696 in total assets and $5,246,089 in total liabilities. Jonathan Henriksen, president of M & N, signed the petition. Cameron Lallier, Esq., at Bassford Remele, A Professional Association is the Debtor's legal counsel. The U.S. Trustee for Region 12 appointed an official committee to represent unsecured creditors in the Chapter 11 case of M & N Structures, Inc. BMO Bank, N.A., as lender, is represented by: James M. Jorissen, Esq. Taft Stettinius & Hollister, LLP 2200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Telephone: 612-977-8400 Facsimile: 612-977-8650 jjorissen@taftlaw.com MADIJAC LLC: Seeks Chapter 11 Bankruptcy in Florida --------------------------------------------------- On January 8, 2026, Madijac LLC filed for Chapter 11 protection in the Middle District of Florida. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About Madijac LLC Madijac LLC is a limited liability company. Madijac LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00137) on January 08, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Roberta A. Colton handles the case. The Debtor is represented by Jeffrey Ainsworth, Esq. of Bransonlaw PLLC. MAIYA WISH: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Maiya Wish LLC We Are Amma 2510 Ladera Road Ojai CA 93023 Business Description: Maiya Wish LLC, doing business as We Are Amma, designs and sells women's apparel and postpartum essentials focused on nursing-friendly and postpartum support garments for new mothers. The California– based limited liability company offers products such as The Cocoon nursing cover and other maternity and postpartum clothing, emphasizing comfort, functionality and thoughtful design for the fourth trimester. We Are Amma operates online and targets mothers seeking supportive, stylish postpartum wear and accessories. Chapter 11 Petition Date: January 9, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10018 Judge: Hon. Ronald A Clifford III Debtor's Counsel: Brian K. Tester, Esq. MCCONNELL VALDES LLC 270 Munoz Rivera Ave. Hato Rey PR 00918 Tel: 787-250-5638 Email: bk@tmcvpr.com Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Jeffrey Zurofsky as president. 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/5RBQCZI/Maiya_Wish_LLC__cacbke-26-10018__0013.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RZXNX3Q/Maiya_Wish_LLC__cacbke-26-10018__0001.0.pdf?mcid=tGE4TAMA MEYER BURGER: US Units Strike Deal w/ Creditors to Exit Bankruptcy ------------------------------------------------------------------ Alex Wolf of Bloomberg Law reports that Meyer Burger Technology AG's U.S. subsidiaries have reached a global settlement with secured lenders and unsecured creditors that clears the way for the solar energy company to exit bankruptcy. The agreement resolves disputes that arose during the Chapter 11 process and sets the framework for concluding the cases. Following the sale of Meyer Burger (Holding) Corp.'s assets, the lenders agreed to provide up to $1.2 million to fund the plan confirmation process. The settlement also calls for the creation of a litigation trust to pursue claims on behalf of all creditors, according to a filing in the U.S. Bankruptcy Court for the District of Delaware. About Meyer Burger U.S. Meyer Burger (Holding) Corp. is a Delaware-based non-operating holding company for the U.S. operations of Meyer Burger Technology AG, a Swiss solar technology company. Through its subsidiaries -- Meyer Burger (Arizona) LLC, Meyer Burger (Americas) Ltd., and Meyer Burger (Americas) Lease Co., LLC -- the Group operates a solar module manufacturing facility in Goodyear, Arizona. The facility uses proprietary SmartWire Connection Technology to produce photovoltaic modules for the U.S. market. On May 30, 2025, MBT AG filed for a debt restructuring moratorium in Switzerland. Shortly thereafter, Meyer Burger (Germany) GmbH ("MBG") and Meyer Burger (Industries) GmbH ("MBI") filed for insolvency proceedings in Germany. Meyer Burger (Holding) Corp. and three U.S. subsidiaries sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 25-11217) on June 25, 2025. The Hon. Craig T Goldblatt is the U.S. case judge. The U.S. Debtors estimated $100 million to $500 million in assets against $500 million to $1 billion in liabilities. The Debtors tapped RICHARDS, LAYTON & FINGER, P.A., as counsel, FTI CONSULTING, INC., as financial restructuring advisor, and JEFFERIES LLC as investment banker. KROLL RESTRUCTURING ADMINISTRATION LLC is the claims agent. MICK'S GRASS: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Mick's Grass & Sod Service, Inc. 19704 Fm 2100 Rd Crosby, TX 77532 Business Description: Mick's Grass & Sod Service Inc., based in Crosby, Texas, provides landscaping and lawn care services, including landscape design, sod installation, irrigation, drainage systems, and lawn maintenance for residential, commercial, and production properties. Founded in 2008 as a lawn maintenance business, the Company expanded in 2018 to include sod farming and offers delivery of its premium sod across the region. Chapter 11 Petition Date: January 8, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-30192 Judge: Hon. Eduardo V Rodriguez Debtor's Counsel: Elias Yazbeck, Esq. THE LAW OFFICE OF ELIAS M. YAZBECK, PLLC 4119 Montrose Blvd Suite 470 Houston TX 77006 Tel: (281) 755-7320 Email: elias@yazbecklaw.com Total Assets as of December 12, 2025: $3,064,251 Total Liabilities as of December 12, 2025: $2,408,010 The petition was signed by David R. Mick as president and director. 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/X234NSY/MICKS_GRASS__SOD_SERVICE_INC__txsbke-26-30192__0001.0.pdf?mcid=tGE4TAMA NAKOMA CONSTRUCTION: Seeks Chapter 7 Bankruptcy in Florida ---------------------------------------------------------- On January 7, 2026, Nakoma Construction Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1 to 49 creditors. About Nakoma Construction Inc. Nakoma Construction Inc. operates as a construction company providing building, repair, and renovation services. The firm manages project execution, subcontractors, and site operations for a range of commercial and residential clients. Nakoma Construction Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00071) on January 07, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. Honorable Bankruptcy Judge Grace E. Robson handles the case. NATURE'S WAX: Gets Interim OK to Use Cash Collateral Until Feb. 5 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division issued an interim order authorizing Nature's Wax & Spa, LLC to use cash collateral through February 5. Under the interim order, the Debtor is authorized to use cash collateral only for court-authorized payments, including Subchapter V trustee fees, and for ordinary operating expenses outlined in its budget, subject to a 10% variance per line item. The Debtor's budget projects total operational expenses of $27,273.97 for the first month; $27,280.12 for the second month; $27,790.12 for the third month; $27,795.12 for the fourth month; $27,805.12 for the fifth month; and $27,855.12 for the sixth month. As adequate protection, creditors with interest in the cash collateral will be granted replacement liens, with the same validity and priority as their pre-bankruptcy liens. The creditors that may assert claims secured by a lien against the Debtor's cash collateral are the U.S. Small Business Administration, De Lage Landen, Milestone formerly known as LCA Bank, QL Titling Trust Ltd., and Regions Bank. The cash collateral is comprised of cash on hand and funds to be received through the continued payments on jobs from customers. As of the petition date, the Debtor estimates the value of its cash collateral, consisting of cash on hand, is approximately $7,800.90. The next hearing is scheduled for February 5. The interim order is available at https://is.gd/LYGUAp from PacerMonitor.com. About Nature's Wax & Spa LLC Nature's Wax & Spa, LLC, a company in Kissimmee, Fla., provides hair removal and skincare services through its spa and wellness facilities. It specializes in waxing, facial treatments, and other spa services designed to meet individual client needs. Nature's Wax & Spa filed Chapter 11 petition (Bankr. M.D. Fla. Case No. 25-08184) on December 16, 2025, listing between $100,001 and $1 million in assets and between $1 million and $10 million in liabilities. L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., serves as Subchapter V trustee. Judge Tiffany P. Geyer oversees the case. The Debtor is represented by Jesus Lozano, Esq., at Nardella & Nardella, PLLC. NICKLAUS COMPANIES: IP Dispute Delays DIP Approval in Chapter 11 ---------------------------------------------------------------- Vince Sullivan of Law360 reports that a dispute over ownership of key intellectual property assets delayed a Delaware bankruptcy judge's consideration of final approval for a proposed $17 million postpetition loan Thursday, January 8, 2026, in the Chapter 11 case of sports gear and golf course design company GBI Services. Lenders seeking the financing want liens on the intellectual property at the center of the fight, prompting objections and a pause in proceedings as the court weighs how those assets should be treated within the bankruptcy. The delay adds another layer of complexity to GBI Services' reorganization, as the company works to secure debtor-in-possession financing necessary to sustain operations through its Chapter 11 process. The IP dispute reflects broader tensions between creditors and debtors over valuable intangible assets, and the outcome could affect the structure of the loan and rights to intellectual property going forward. About Nicklaus Companies LLC Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. It operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. Nicklaus Companies LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12088) on November 21, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Zachary I. Shapiro, Esq. of Richards, Layton & Finger, P.A. NOBLE LIFE: Court Extends Cash Collateral Access to Feb. 28 ----------------------------------------------------------- Noble Life Sciences Inc. received fourth interim approval from the U.S. Bankruptcy Court for the District of Maryland to use cash collateral through February 28. Under the fourth interim order, the Debtor is authorized to use cash collateral only for ordinary operating expenses in accordance with its budget. Spending is subject to a 10% variance cap from projected amounts. Importantly, where the budget reflects negative cash flow, the Debtor must cover those shortfalls using outside investment funds, not Fulton Bank's cash collateral. Fulton Bank, a secured creditor, will be granted a security interest of the same priority and to the same extent of the Debtor's use of such cash collateral. The security interest is automatically perfected and survives conversion of the Debtor's Chapter 11 case to one under Chapter 7. As additional protection, Fulton Bank will receive payments of $15,000 due on January 15 and February 15. Pursuant to the court's August 21 order, Noble Life Sciences' president has been using his personal credit cards for company purchases. This authorization has been extended until the earlier of (i) February 28 or (ii) the Debtor's ability to obtain a debit card from its DIP bank or ACH services from a lending institution. The next hearing is scheduled for February 23. The fourth interim order is available at https://is.gd/22WpvN from PacerMonitor.com. About Noble Life Sciences Inc. Noble Life Sciences, Inc. is a pre-clinical contract research organization that provides GLP and non-GLP services, including safety and efficacy testing, for drugs, vaccines, and medical devices. It offers capabilities in pharmacology, bioanalysis, analytical testing, and preclinical development across a range of therapeutic areas such as oncology, infectious diseases, and cardiovascular conditions. Noble Life Sciences sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-15637) on June 22, 2025. In its petition, the Debtor reported total assets of $488,456 and total liabilities of $5,160,511. Robert B. Scarlett, Esq., at Scarlett & Croll, P.A. is the Debtor's legal counsel. Fulton Bank is represented by: Michael D. Nord, Esq. Gebhardt & Smith, LLP One South Street, Suite 2200 Baltimore, MD 21202 Tel: (410) 385-5072 mnord@gebsmith.com PAPPAS PIPING: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Pappas Piping Service, Inc. 23832 Rockfield Blvd Suite 245 Lake Forest, CA 92630 Business Description: Pappas Piping Service, Inc. provides full- service design and build piping solutions, specializing in commercial process and other specialized piping used in critical infrastructure for commercial clients. Headquartered in Lake Forest, California, the Company serves general contractors, property management firms, and direct commercial real estate clients. Its operations focus on maintaining and developing essential infrastructure in major commercial zones. Chapter 11 Petition Date: January 6, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10033 Judge: Hon. Mark D. Houle Debtor's Counsel: David A. Wood, Esq. MARSHACK HAYS WOOD LLP 870 Roosevelt Irvine, CA 92620-3663 Tel: (949) 333-7777 Fax: (949) 333-7778 Email: dwood@marshackhays.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Josh Teeple as chief restructuring officer. 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/PUABUPY/Pappas_Piping_Service_Inc__cacbke-26-10033__0001.0.pdf?mcid=tGE4TAMA PARADOX ENTERPRISES: Cash Collateral Access Extended to Jan. 30 --------------------------------------------------------------- Paradox Enterprises, LLC received interim approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee, Winchester Division, to use cash collateral until January 30, marking the 14th extension since its Chapter 11 filing. The 14th interim order authorized the Debtor to use cash collateral to pay the expenses set forth in its budget and fund payments to Legalist DIP Fund I, LP and Legalist DIP SPV II, LP. The Debtor's budget shows total disbursements of $28,840 for January. Legalist DIP Fund I and Legalist DIP SPV will be granted a replacement lien to the extent that the use of cash collateral results in a decrease in the value of their collateral. The secured creditors will continue to receive a monthly payment of $1,750 as additional protection. A final hearing is scheduled for January 29. About Paradox Enterprises Paradox Enterprises, LLC owns various properties valued at $6.1 million. Paradox Enterprises sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 24-10826) on April 5, 2024, with $6,174,373 in assets and $13,012,125 in liabilities. Eric Shelley, managing member, signed the petition. Judge Nicholas W. Whittenburg oversees the case. Denis Graham Waldron, Esq., at Dunham Hildebrand, PLLC is the Debtor's legal counsel. Secured creditors Legalist DIP Fund and Legalist DIP SPV are represented by: Gregory C. Logue, Esq. Woolf, McClane, Bright, Allen & Carpenter, PLLC P.O. Box 900 Knoxville, TN 37901 Phone: (865)215-1000 Fax: (865)215-1001 logueg@wmbac.com PEPPER PALACE: Saratoga Investment Marks $1MM Loan at 47% Off ------------------------------------------------------------- Saratoga Investment Corp. has marked its $1,000,000 loan extended to Pepper Palace, Inc. to market at $532,800 or 53% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended November 30, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a Revolving Credit Facility Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace Inc. provides packaged food. The Company offers marinades, wing sauces, seasonings, rubs, pickled goods, dip mixes, jellies, and other pepper-themed items. Pepper Palace serves customers worldwide. PEPPER PALACE: Saratoga Investment Marks $2.4MM 1L Loan at 47% Off ------------------------------------------------------------------ Saratoga Investment Corp. has marked its $2,400,000 loan extended to Pepper Palace, Inc. to market at $1,278,720 or 53% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended November 30, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a First Lien Term Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace Inc. provides packaged food. The Company offers marinades, wing sauces, seasonings, rubs, pickled goods, dip mixes, jellies, and other pepper-themed items. Pepper Palace serves customers worldwide. PEPPER PALACE: Saratoga Investment Marks $400,000 Loan at 47% Off ----------------------------------------------------------------- Saratoga Investment Corp. has marked its $400,000 loan extended to Pepper Palace, Inc. to market at $213,120 or 53% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended November 30, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a Delayed Draw Term Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace Inc. provides packaged food. The Company offers marinades, wing sauces, seasonings, rubs, pickled goods, dip mixes, jellies, and other pepper-themed items. Pepper Palace serves customers worldwide. PINNACLE GROUP: Summit Wins Auction to Buy Bankrupt NYC Apartment ----------------------------------------------------------------- Steven Church of Bloomberg Law reports that after a judge rejected a bid by New York City Mayor Zohran Mamdani to postpone bidding, Summit Properties USA won a bankruptcy auction for a portfolio of rent-stabilized apartments held by the Pinnacle Group. The decision allowed the sale process to move forward despite concerns raised by city officials. Pinnacle filed for Chapter 11 protection last year for roughly 80 properties encumbered by more than $500 million in mortgage debt. The move came after regulators cited the buildings for increasing housing violations and tenants complained about hazardous and deteriorating conditions, the report states. About Pinnacle Group Based in Sunrise, Fla., Pinnacle Group and its subsidiaries are wholesalers of motor vehicle parts and accessories. Pinnacle Group and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Fla. Lead Case No. 19-13519) on March 19, 2019. In its petition, Pinnacle Group estimated assets of $500,000 to $1 million and liabilities of $1 million to $10 million. Judge John K. Olson oversees the case. Jordan L. Rappaport, Esq., at Rappaport Osborne & Rappaport, PLLC, is the Debtor's bankruptcy counsel. PRAESUM HEALTHCARE: Cash Collateral Hearing Set for Jan. 14 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, will hold a hearing on January 14 on Praesum Healthcare Services, LLC and its affiliates' request for another extension to use cash collateral. The Debtors' authority to use cash collateral under the court's 10th interim order expires on January 14. The 10th interim order entered on January 5 authorized the Debtors to use cash collateral to pay business expenses consistent with their budget and granted City National Bank of Florida and nine other secured creditors post-petition security interests in and liens on the Debtors' personal property. The other creditors are C T Corporation System; ASD Special Healthcare, LLC; Amerisourcebergen Drug Corporation; Navitas Credit Corp.; Family Funding Group, LLC; First Corporate Solutions; I Got Funded, LLC; and the U.S. Small Business Administration. Praesum provides administrative support and centralized cash management for 27 affiliated treatment providers that operate across the detox, residential, and outpatient substance abuse treatment spectrum in multiple states. Cash from each treatment provider is swept daily into a Praesum-controlled account, from which operating expenses are paid. City National Bank of Florida, which provided $23 million in financing to Praesum in 2023, holds a blanket lien on the assets of all 28 Debtors and has declared the loan in default. The amounts deposited by City National Bank of Florida into the Debtors' accounts at the bank (including $750,000 on September 4, $660,000 on August 22, and $1,683,354.59 on August 20 last year) are treated as the bank's cash collateral, subject to prior orders and protections. About Praesum Healthcare Services Praesum Healthcare Services LLC operates a network of behavioral health and addiction treatment facilities across the United States, offering a full continuum of care that includes medical detoxification, residential rehabilitation, and outpatient counseling. The Company's brands include Sunrise Detox, which provides medically supervised detox services, Evolve Recovery Center, which delivers residential treatment programs, and The Counseling Center, which offers outpatient and intensive outpatient therapy, with locations in multiple states including New Jersey, New York, Massachusetts, Georgia, and Florida. Founded in 2004, Praesum Healthcare manages more than two dozen centers under these brands, serving individuals with substance use disorders and co-occurring mental health conditions. Praesum Healthcare Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-19335) on August 13, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq., at Shraiberg Page, PA. City National Bank of Florida, as lender, is represented by: Alexandra D. Blye, Esq. Carlton Fields, P.A. 525 Okeechobee Boulevard, Suite 1200 West Palm Beach, FL 33401 Telephone: (561) 659-7070 ablye@carltonfields.com PRIMALEND CAPITAL: Amends Several Secured & Unsecured Claims Pay ---------------------------------------------------------------- PrimaLend Capital Partners LP and affiliates submitted an Amended Disclosure Statement in support of the Amended Plan of Reorganization dated January 6, 2026. The Plan is the result of extensive good faith negotiations between the Debtors and a number of their key economic stakeholders. The Plan provides for multiple transactions that maximize value for all the stakeholders. Specifically, the proposed restructuring contemplates the following, among other things: * a sale of the PCP Transferred Assets to an entity to be formed by the First Lien PCP Lenders in exchange for the PCP Credit Bid; * a transfer of the GFL Transferred Assets to Amarillo National Bank, or its assigns in full satisfaction of the amounts owed pursuant to the Prepetition GFL Credit Facility Claims; * the following treatment of Claims and Equity Interests: -- a holder of a Prepetition First Lien PCP Credit Facility Claim will receive on the Effective Date, on account of of such Prepetition First Lien PCP Credit Facility Claim its Pro Rata portion of the PCP Transferred Assets and Liquidating Trust Interests; -- ANB will receive, in full and final satisfaction of its Prepetition GFL Credit Facility Claims, the GFL Transferred Assets; -- each holder of an Allowed PCAP Unsecured Noteholder Claim will receive, in full and final satisfaction of such Allowed PCAP Unsecured Noteholder Claim its Pro Rata share of the 61.625% of the Liquidating Trust Interests; -- each holder of Allowed PCP Unsecured Noteholder Claim will receive, in full and final satisfaction of such Allowed PCP Unsecured Noteholder Claim its Pro Rata share of 23.375% of the Liquidating Trust Interests; -- each holder of an Allowed General Unsecured Claim will receive in full satisfaction and discharge of such Allowed General Unsecured Claim, its Pro Rata share of 5% the Liquidating Trust Interests; * the PCP Credit Bid Transaction is subject to the Debtors ability to elect, with the First Lien PCP Lenders' consent, to elect an Alternative Transaction, if one is identified pursuant to the Bidding Procedures; and * the creation of a Liquidating Trust for the benefit of the PCAP Unsecured Noteholders, the PCP Noteholders, and General Unsecured Creditors. Just prior to the Debtors filing the original Plan and Disclosure Statement, the First Lien PCP Lenders, Committee, and Ad-Hoc Noteholder Group began global settlement discussions regarding the terms of the Plan. Those negotiations continued in earnest after the filing of the Plan and Disclosure Statement and into the end of December. Those creditor parties were ultimately able to reach a global resolution with the Debtors regarding the terms of the Amended Plan, and as such the Amended Plan contains terms negotiated and agreed upon between those groups. Class 7 consists of PCAP Unsecured Noteholders. On the Effective Date, each holder of an Allowed PCAP Unsecured Noteholder Claim will be entitled to receive, in full and final satisfaction of such Allowed PCAP Unsecured Noteholder Claims, its Pro Rata share of 61.625% of the Liquidating Trust Interests. Further, on or before the Effective Date, the Debtors shall pay the reasonable attorneys' fees of the Ad-Hoc Noteholder Group Counsel; provided, the payment of fees to the Ad-Hoc Noteholder Group Counsel shall not exceed $700,000.00. Class 8 consists of PCP Unsecured Noteholders. On the Effective Date, each holder of an Allowed PCP Unsecured Noteholder Claim will be entitled to receive, in full and final satisfaction of such Allowed PCP Unsecured Noteholder Claims, its Pro Rata share of 23.375% of the Liquidating Trust Interests, provided, however, the Liquidating Trust Agreement shall include a mechanism for the forfeiture and reallocation of any Liquidating Trust Interests issued on account of any Allowed PCP Noteholder Claims existing on the Effective Date that subsequently become Subordinated Claims or Disallowed Claims. Class 9 consists of General Unsecured Claims. Except to the extent that the holder of an Allowed General Unsecured Claim agrees in writing to other treatment, each holder of an Allowed General Unsecured Claim shall receive, in full satisfaction and discharge of such Allowed General Unsecured Claim, its Pro Rata share of 5% of the Liquidating Trust Interests; provided, however, the Liquidating Trust Agreement shall include a mechanism for the forfeiture and reallocation of any Liquidating Trust Interests issued on account of any Allowed General Unsecured Claims existing of the Effective Date that subsequently become Subordinated Claims or Disallowed Claims. The PCP Credit Bid Transaction contemplates the PCP Senior Lenders using their debt to credit bid and purchase PCP's assets. Likewise, the GFL Credit Bid Transaction contemplates ANB utilizing its debt to credit bid and purchase the GFL assets. In the event that an Alternative Transaction is utilized the Debtors will put on evidence at the Confirmation Hearing of the Debtors ability to close the transaction proposed in the Alternative Transaction. On the PCAP Petition Date, PCAP filed its voluntary petition for bankruptcy. PCAP had was precluded from filing a voluntary petition at the same time as the other Debtors because it did not have the necessary consents required to file a bankruptcy under its governance documents. PCAP was ultimately able to obtain the necessary consents, and thereafter filed its voluntary petition. Shortly thereafter, the Debtors filed their Emergency Motion for Entry of Order Directing (a) Certain Order in Chapter 11 Cases of PrimaLend Capital Partners, LP, et al. be made Applicable to Additional Debtor and (b) Joint Administration of Related Chapter 11 Case (the "PCAP Joint Admin Motion"), and the Bankruptcy Court subsequently entered its Order Directing (a) Certain Orders in Chapter 11 Cases of PrimaLend Capital Partners, LP, A full-text copy of the Amended Disclosure Statement dated January 6, 2026 is available at https://urlcurt.com/u?l=sYOspV from Stretto, Inc., claims agent. Counsel for the Debtors: Jason P. Kathman, Esq. Laurie N. Patton, Esq. Alex Anderson, Esq. SPENCER FANE LLP 5700 Granite Parkway, Suite 650 Plano, TX 75024 (972) 324-0300 â€“ Telephone (972) 324-0301 â€“ Facsimile Email: jkathman@spencerfane.com Email: lpatton@spencerfane.com Email: alanderson@spencerfane.com Zachary R.G. Fairlie, Esq. SPENCER FANE LLP 1000 Walnut Street, Suite 1400 Kansas City, MO 64106 Tel: (816) 474-8100 Fax: (816) 474-3216 E-mail: zfairlie@spencerfane.com About Primalend Capital Partners PrimaLend Capital Partners LP provides financing and consulting services to independent automobile dealerships across the U.S., particularly those operating under the Buy-Here-Pay-Here (BHPH) model. The Company offers receivables financing, inventory floor plan loans, and real-estate lending solutions to support dealership growth and portfolio expansion. Founded in 2007 and based in Plano, Texas, PrimaLend operates as a nondepository credit intermediation firm serving the automotive finance sector. PrimaLend Capital Partners, LP in Plano, TX, and its affiliates sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-90013) on Oct. 22, 2025, listing as much as $100 million to $500 million in both assets and liabilities. Mark Jensen, president, signed the petitions. Judge Mark X. Mullin oversees the cases. The Debtors tapped Spencer Fane as legal counsel; FTI Consulting, Inc. as financial advisor; and Houlihan Lokey, Inc. as investment banker. Stretto, Inc. is the Debtors' claims and noticing agent. On November 6, 2025, the United States Trustee appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Vartabedian Hester & Haynes LLP as counsel and Triple P TRS, LLC as restructuring advisor. PROTECH PLUMBING: Seeks Chapter 11 Bankruptcy in Ohio ----------------------------------------------------- On January 6, 2026, Protech Plumbing LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Ohio. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Protech Plumbing LLC Protech Plumbing LLC operates as a full-service plumbing contractor serving homeowners and businesses. Its services include plumbing system installation, repair, maintenance, and troubleshooting for water and drainage systems. Protech Plumbing LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50051) on January 6, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Mina Nami Khorrami handles the case. R.W. SIDLEY: Seeks to Extend Plan Exclusivity to April 28 --------------------------------------------------------- R.W. Sidley, Inc. asked the U.S. Bankruptcy Court for the Northern District of Ohio to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 28 and June 27, 2026, respectively. Since the Petition Date, the Debtor has been working toward proposing and confirming a plan of reorganization within the Exclusive Periods. The Debtor's professionals continue to work on these matters, however, the work will not be completed in time to allow the Debtor to file its plan within the Exclusivity Period. The Debtor asserts that it has completed the process, and obtained Court approval, to terminate its self-insured healthcare plan and has accepted a stalking horse bid for a sale of its operating assets in Ohio and Pennsylvania. The Grand River Litigation is ongoing and the Debtor has filed an adversary proceeding to reach a resolution of the Covia Holdings, LLC/Great Sand, LLC dispute over $8,000,000 held back from a sale of the Debtor's mining division in 2024. The Debtor further asserts that it is working with its stalking horse bidder to develop an asset purchase agreement and the bid procedures and sale motion to file with the court but those tasks are not complete. At this point in time, a sale of the Debtor's operating assets in Ohio and Pennsylvania is not likely to close until February. The Debtor explains that its case is complex insofar as there are numerous winddown tasks that needed to be accomplished before a plan could be proposed. The operating reports filed in this case show that the Debtor is able to pay its debts as they come due. The Debtor claims that the case has been pending only since July 2, 2025, the Debtor is progressing toward a liquidating plan and the extension requested is not for the purpose of pressuring creditors. R.W. Sidley Inc. is represented by: Anthony J. DeGirolamo, Esq. 3930 Fulton Dr., Ste. 100B Canton, Ohio 44718 Telephone: (330) 305-9700 Facsimile: (330) 305-9713 E-mail: tony@ajdlaw7-11.com About R.W. Sidley Inc. R.W. Sidley Inc. is a construction materials company based in Thompson, Ohio. R.W. Sidley sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 25-12797) on July 2, 2025. In its petition, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Bankruptcy Judge Jessica E. Price Smith handles the case. The Debtor tapped Anthony J. DeGirolamo, Esq., as counsel and Root, Spitznas & Smiley, Inc. as accountant. REALTELLIGENCE LLC: Seeks Chapter 11 Bankruptcy in Georgia ---------------------------------------------------------- Realtelligence, LLC, a company based in Georgia, filed for Chapter 11 bankruptcy on January 6, 2026, in the Northern District of Georgia. The voluntary filing was assigned case number #26-50280. According to court records, the Debtor lists 1-49 creditors with estimated assets and liabilities between $100,001 and $1,000,000. About Realtelligence, LLC Realtelligence, LLC is a limited liability company. Realtelligence, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50280) on January 6, 2026. In its petition, the Debtor reports estimated assets and liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Jonathan W. Jordan oversees the case. RELATIVITY HOLDCO: Moody's Assigns First Time 'B2' CFR ------------------------------------------------------ Moody's Ratings assigned a first-time B2 corporate family rating and B2-PD probability of default rating to Relativity Holdco LLC (Relativity). Concurrently, Moody's assigned a B2 rating to the company's proposed first-lien senior secured credit facility, under the borrowing entity Relativity Intermediate Holdco LLC. The proposed first-lien senior secured credit facility consists of a $200 million first-lien revolver expiring 2031 and a $720 million first-lien term loan due 2033. Relativity is a leading provider of legal data intelligence software used by law firms, corporations, legal service providers, advisory firms, and public sector organizations. The outlook on both entities is stable. Net proceeds from the proposed term loan will be used to refinance the company's existing debt, and add cash to the balance sheet. The company's new revolving credit facility is expected to be undrawn at closing. The assigned ratings remain subject to Moody's reviews of the final terms and conditions of the proposed financing. The assigned ratings incorporate environmental, social, and governance ("ESG") considerations. Governance considerations were a driver of the rating, including the company's controlled ownership. All financial metrics cited reflect Moody's standard adjustments. RATINGS RATIONALE The B2 CFR reflects Relativity's modest, but growing scale as well as its somewhat narrow focus in providing legal software and AI powered data analysis workflows via its cloud-based legal data intelligence platform, RelativityOne. The legal technology industry is fast growing, fragmented and competitive with limited barriers to entry and potential pricing pressures among smaller competitors. The rating also reflects the company's elevated leverage (including Moody's adjustments and expensing capitalized software) of around 8x debt/EBITDA or 5x excluding stock-based compensation expense. Relativity's rating is also constrained by the company's tax distributions to partners, which although Moody's expects to be absent during 2026 due to tax legislation, will continue in future years. Additionally, Relativity's concentrated ownership by financial sponsors presents governance risks and can lead to the pursuit of financial policies that may favor shareholders over creditors. Relativity benefits from its leading position as a provider of legal software and tech-enabled litigation tools to the legal services industry through its RelativityServer and AI powered RelativityOne platforms to its wide range of customers that include law firms, corporations, legal service providers, advisory firms, and public sector organizations. Relativity's rating is supported by its strong track record of organic growth. Moody's expects the company to continue benefiting from favorable industry growth trends, including higher legal spend driven by increasing volumes and growing complexity of legal matters over time, as well as the continued adoption and rising demand for AI assisted workflows. Although debt/EBITDA is currently elevated, Moody's expects leverage will improve during 2026, absent any debt funded transactions. While Relativity has customer concentration between its channel partners, it benefits from strong net retention rates, which coupled with a largely recurring revenue base of SaaS subscriptions, provide a high degree of revenue visibility. Moody's anticipates that Relativity will have very good liquidity over the next 12 to 18 months. Pro forma for the transaction, the company is expected to have roughly $83 million of cash on hand and full availability under the proposed $200 million first-lien revolving credit facility expiring 2031. Moody's expects that the company will generate strong free cash flow over the next 12 – 15 months, supported by organic revenue growth, growing profit margins, and low capital requirements. However, Moody's expects cash flow to be slightly constrained by the company's tax distributions to partners when they pick up again during 2027 as the company generates taxable income. There will be no financial maintenance covenants applicable to the term loan, but the revolver will be subject to a ratio to be finalized. Moody's expects that the company would remain in compliance if tested. The stable outlook reflects Moody's expectations that Relativity will continue to generate strong organic revenue growth with annualized recurring revenue (ARR) growing in the mid teens percentage range over the next 12 to 18 months while also improving profitability and cash flows. The stable outlook also reflects Moody's anticipations that the company will reduce debt/EBITDA leverage to under 6x during the next 18 months. The B2 ratings assigned to Relativity's senior secured first-lien credit facility are in line with the company's B2 CFR, as there is no other material debt in the capital structure. The credit facility is unconditionally guaranteed on a secured, first-priority basis by all of the borrower's present and future, direct and indirect domestic restricted subsidiaries. Marketing terms for the new credit facilities (final terms may differ materially) include the following: Incremental pari passu debt capacity up to the greater of $236 million and 100% of EBITDA, plus amounts permitted to be incurred under the general debt basket and the general liens basket, plus unlimited amounts subject to the greater of 5.5x First Lien Leverage and leverage neutral incurrence. There is an inside maturity sublimit up to the greater of $390 million and 200% of EBITDA, plus incremental term facilities incurred in connection with an investment or acquisition. There are no "blocker" provisions which prohibit the transfer of specified assets to unrestricted subsidiaries. There are no express protective provisions prohibiting an up-tiering transaction. Amounts up to 200% of the available capacity under the builder basket, plus available capacity under the restricted payments, investments and restricted debt payments covenants may be reallocated to incur debt. Asset sale proceeds may be used by the company to make permitted restricted payments or reinvest. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Relativity demonstrates a track record of continuing to produce strong organic growth, increasing its scale and profitability while reducing debt/EBITDA towards 5x and adhering to a more conservative financial policy. The company would also be required to maintain a strong liquidity profile and continue to improve cash flow generation such that FCF/debt approaches 10% (after required tax distributions). The ratings could be downgraded if the company were to experience a weakening competitive position or an erosion in EBITDA margins causing debt/EBITDA to be sustained above 7x. A deterioration in liquidity or cash flow generation could also lead to a negative rating action. The principal methodology used in these ratings was Software published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Founded in 2001 and headquartered in Chicago, Illinois, Relativity is a leading provider of eDiscovery software and a technology driven litigation services platform serving customers across the global legal industry. The company provides services spanning eDiscovery, document review, contract analysis and review, and data breach response, among others. The company's largest shareholder is Silver Lake Partners, with minority stakes held by ICONIQ Partners, the company founder, and LTI Programs. Annualized Recurring Revenue (ARR) is expected to be over $800 million in 2026. RIVERA FAMILY: Seeks to Hire Curry Advisors as Bankruptcy Counsel ----------------------------------------------------------------- Rivera Family Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of California to hire Curry Advisors, A Professional Law Corporation as its general bankruptcy counsel. The firm will render these services: (a) advise, consult with, and assist the Debtor with regard to evaluating prospects for reorganization; (b) advise, consult with, and otherwise represent the Debtor concerning preparation of the schedules, statement of financial affairs, and other papers that must be filed in the case, and compliance with the U.S. trustee operating and reporting requirements; (c) advise and consult with the Debtor concerning various legal matters that may arise during the course of its Chapter 11 proceedings, including the rights and remedies of the Debtor with respect to the assets of the estate; (d) advise, consult with, and represent the Debtor regarding possible suits and proceedings arising out of or relating to the case and relating to assets of the estate; (e) represent the Debtor in hearings before the court and prepare appropriate applications and orders; (f) advise the Debtor concerning its powers, duties, rights and obligations, assist in the protection of the assets of the estate, and prepare legal documents; and (g) advise, consult with, and represent the Debtor in connection with such other general, real estate, contract, business, or litigation matters as may be necessary for the duration of its bankruptcy case. Curry Advisors will render services to the Debtor at an initial hourly rate of $565. The firm received a pre-bankruptcy retainer in the amount of $35,000. As disclosed in court filings, Curry Advisors is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: K. Todd Curry, Esq. Curry Advisors A Professional Law Corporation 185 West F Street, Suite 100 San Diego, CA 92101 Tel: (619) 238-0004 Fax: (619) 238-0006 Email: tcurry@currylegal.com About Rivera Family Investments, LLC Rivera Family Investments, LLC provides services related to real estate, including property management, real estate appraisal, and other support services. Rivera Family Investments, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Cal. Case No. 25-05034) on November 30, 2025, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Randy Rivera as manager. Judge J Barrett Marum presides over the case. K. Todd Curry, Esq. at CURRY ADVISORS, A PROFESSIONAL LAW CORPORATION serves as the Debtor's counsel. ROBERT SMITH: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------- On January 9, 2026, Robert Smith & Associates, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About Robert Smith & Associates, Inc. Robert Smith & Associates, Inc. is a consulting and professional services company providing project management, operational planning, and strategic advisory services to corporate and nonprofit clients. The firm specializes in solutions that enhance efficiency, compliance, and business performance. Robert Smith & Associates, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50438) on January 09, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The Debtor is represented by William A. Rountree, Esq. of Rountree Leitman Klein & Geer, LLC. RUBICON MECHANICAL: Court to Hold Cash Collateral Hearing Today --------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Nevada is set to hold a hearing today to consider final approval of Rubicon Mechanical LLC's bid to use cash collateral. The Debtor was initially authorized to use the cash collateral of secured creditors, Itria Ventures, LLC and Fundbox, under the court's January 5 interim order. Prior to filing for Chapter 11, the Debtor obtained merchant cash advance financing from Fundbox and Itria, potentially secured by its assets. Cash and deposit accounts may constitute the secured creditors' cash collateral, which the Debtor intends to use to fund ordinary and necessary operating expenses. About Rubicon Mechanical LLC Rubicon Mechanical, LLC operates a diesel mechanic business in Winnemucca focused on servicing mining vehicles and equipment. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 25-51188-hlb) on December 16, 2025. In the petition signed by Brownen Anderson, manager, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Hilary L. Barnes oversees the case. Kevin A. Darby, Esq., at Darby Law Practice Ltd, represents the Debtor as legal counsel. S & T FARMING: Seeks Chapter 12 Bankruptcy in Maryland ------------------------------------------------------ On January 08, 2026, S & T Farming and Trucking LLC filed for Chapter 12 protection in the U.S. Bankruptcy Court for the District of Maryland. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About S & T Farming and Trucking LLC S & T Farming and Trucking LLC is a multi-faceted agriculture and transportation services provider. With operations spanning from farm production to trucking logistics, the company offers integrated solutions for managing agricultural output and transporting products and equipment, supporting the needs of farmers, distributors, and other businesses. S & T Farming and Trucking LLC sought relief under Chapter 12 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10210) on January 08, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $100,001 and $1,000,000. Chief Judge David E. Rice is presiding over the case. The Debtor is represented by Eric S. Steiner, Esq. of Steiner Law Group, LLC. SDLOMO PARTNERS: Seeks to Hire Center City Law Offices as Counsel ----------------------------------------------------------------- SDLOMO Partners, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Center City Law Offices, LLC as its counsel. The firm's services include: a) preparing all papers required to be filed in connection with this bankruptcy proceeding including all Schedules, Statement of Financial Affairs, Lists of Creditors, review of Operating Reports; Motions and Adversary Proceedings as necessary, and other papers; b) giving the Debtor legal advice with respect to the powers and duties as Debtors in Possession; c) representing the Debtor at its Initial Debtor Interview, its first meeting of creditors, all status hearings; confirmation hearings and any Rule 2004 examinations; d) preparing on behalf of the Debtor in Possession, all necessary Applications, Answers, Complaints, Motions, Orders, Reports and all legal papers; and e) performing all other legal services for the Debtor as Debtor in Possession as may be required and necessary concerning the continued administration of this case including the preparation of the Disclosure Statement, if necessary, Disposable Income Test and Plan of Reorganization. The firm's principal will be billed $275 per hour as of November 18, 2025. The firm received a retainer in the amount of $7,000. Maggie S. Soboleski, Esq., an attorney at Center City Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Maggie S. Soboleski, Esq. Center City Law Offices LLC 2705 Bainbridge St. Philadelphia, PA 19146 Tel: (215) 820-2132 Fax: (215) 977-9644 About SDLOMO Partners SDLOMO Partners sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14688) on November 18, 2025. In its petition, the Debtor listed up to $100,000 in assets and between $100,001 and $1 million in liabilities. Honorable Chief Bankruptcy Judge Ashely M. Chan handles the case. The Debtor is represented by Maggie S. Soboleski, Esq. SHAI CREATES: Hires Neeleman Law Group P.C. as Bankruptcy Counsel ----------------------------------------------------------------- Shai Creates LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Washington to hire Neeleman Law Group, P.C. as counsel. The firm will render these services: (a) assist the Debtor in the investigation of the financial affairs of the estate; (b) provide legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; (c) prepare all pleadings necessary for proceedings arising under this case; and (d) perform all necessary legal services for the estate in relation to this case. The firm will be paid as follows: Principals $600 Associate $475 Paralegal $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $6,738 from the Debtor. Jennifer Neeleman, Esq., an attorney at Neeleman Law Group disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jennifer L. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 Email: jennifer@neelemanlaw.com About Shai Creates LLC Shai Creates LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wa. Case No. 26-00003) on January 3, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Frederick P Corbit presides over the case. Jennifer L Neeleman, Esq. at Neeleman Law Group, P.C. serves as the Debtor's counsel. SIESTA HOSPITALITY: Seeks Chapter 11 Bankruptcy in Florida ---------------------------------------------------------- On January 7, 2026, Siesta Hospitality Ventures II, 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 $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Siesta Hospitality Ventures II, LLC Siesta Hospitality Ventures II, LLC is a Florida-based hospitality company focused on the ownership, development, and operation of hotel and lodging properties. The company is part of the Siesta Hospitality group, which manages and invests in branded and independent hotels across Florida, particularly in resort and coastal markets. Its portfolio typically includes select-service and extended-stay hotels serving both leisure and business travelers. Siesta Hospitality Ventures II, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00095) on January 7, 2026. In its petition, the debtor reports estimated assets and estimated liabilities each in the range of $100,001 to $1,000,000. Honorable Bankruptcy Judge Catherine Peek McEwen handles the case. The debtor is represented by Kenneth S. Abrams of Kenneth S. Abrams P.A. SIGNATURE YHM: Seeks to Extend Plan Exclusivity to February 13 -------------------------------------------------------------- Signature YHM Land LLC asked the U.S. Bankruptcy Court for the Northern District of California to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to February 13 and April 13, 2026, respectively. The Debtor believes that the path to reorganization will be achieved through third-party financing that will allow the Debtor to immediately start making payments to Secured Creditors on the allowed portion of their secured claim, as well as a percentage to unsecured creditors. Since the Debtor has just secured an appraisal, the Debtor hopes to work with Secured Creditors to reach mutually agreeable terms and stipulate as to plan treatment. Additionally, Secured Creditors still intend to bring in co counsel to handle discovery and any evidentiary hearings in this case if the Debtor and Secured Parties cannot reach a consensual resolution regarding the Debtor's plan. Co-counsel for the Secured Creditors is still being formally retained, but it is expected that this will be formalized shortly. Without the extension of the exclusivity period, the Debtor may be forced to deal with a competing plan during the plan confirmation process. The Debtor explains that it has made substantial progress toward reorganization and has done so in good faith. Since the commencement of the case, the Debtor has taken a number of steps towards reorganization, including negotiations with Secured Creditors, arranging third-party financing for the Debtor and submitting its Second Amended Disclosure Statement and Plan. The Debtor claims that it has worked with its creditors in a cooperative manner. For any creditors who have requested it, the Debtor has provided and shared information with those creditors. Additionally, the Debtor has continued communicating with counsel for Secured Creditors in the hopes of reaching mutually agreeable payment terms. The Debtor will continue to negotiate with its creditors so that a consensual plan can be reached. This is the Debtor's fourth request for an extension of the Plan Deadlines and is proceeding in good faith. The Debtor has made progress toward reorganization by timely filing a proposed disclosure statement and plan, and will timely submit another amended disclosure statement and plan, prior to the Court's deadline of February 13, 2026. The Debtor will continue to move diligently toward a successful reorganization without delay. The Debtor asserts that it is not requesting an extension of the Plan Deadlines as a tactical device to force creditors to accept a proposed plan. The extension of time is not to pressure any creditor to submit to any reorganization demands; the extension is being requested so that the Plan Deadlines line up with the currently set filing deadlines set by the Court, and also so that the parties may continue their settlement discussions and the Debtor may avoid competing plans. Signature YHM Land LLC is represented by: Jeffrey I. Golden, Esq. GOLDEN GOODRICH, LLP 3070 Bristol Street, Suite 640 Costa Mesa, CA 92626 Tel: (714) 966-1000 Fax: (714) 966-1002 Email: jgolden@go2.law About Signature YHM Land LLC Signature YHM Land LLC operates in the real estate sector. Signature YHM Land LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.: 25-50324) on March 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Jeffrey I. Golden, Esq. at GOLDEN GOODRICH LLP. SMART COMMUNICATIONS: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------------------ Alex Wittenberg of Law360 reports that Smart Communications, which supplies inmate phone and messaging services to prisons across the United States, filed for Chapter 11 bankruptcy in Florida this week as it confronts a judgment of at least $42 million tied to a legal dispute with a family trust over ownership rights. The telecommunications provider, known for its correctional facility services, cited the judgment as a primary factor triggering its voluntary bankruptcy filing in the Middle District of Florida. The move allows the company to stay operations and reorganize its finances while it addresses the mounting legal and financial liabilities. Under Chapter 11 protection, Smart Communications aims to work with creditors and stakeholders to restructure debt and potentially reduce the impact of the judgment while continuing to provide services to its existing contract network. The filing underscores how ownership disputes and related litigation can strain companies operating in niche sectors like inmate telecommunications — a field that has faced heightened legal and regulatory pressure in recent years, the report states. About Smart Communications Collier, Inc. Smart Communications Collier, Inc. is a Florida-based telecom provider offering internet, telephone, and digital communication solutions. Smart Communications Collier, Inc. filed under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00146) on January 8, 2026. In its filing, the Debtor disclosed estimated assets of $0 to $100,000 and estimated liabilities of $50 million to $100 million. Honorable Bankruptcy Judge Roberta A. Colton presides over the case. The Debtor is represented by Paul J. Battista, Esq., of Venable LLP. SOUTH FLORIDA: July 6 Governmental Claims Bar Date -------------------------------------------------- On January 07, 2026, South Florida Pulmonary & Critical Care, LLC, filed for Chapter 11 protection in the Southern 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. The deadline for filing of government claims is on July 06, 2026. About South Florida Pulmonary & Critical Care, LLC South Florida Pulmonary & Critical Care, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10131) on January 07, 2026. In its petition, the debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The debtor is represented by Adam Gilbert, Esq. SPAC RECOVERY: Gets OK to Obtain $500,000 Loan From SPV Lit Fund ---------------------------------------------------------------- SPAC Recovery Co. got the green light from the U.S. Bankruptcy Court for the Southern District of New York to obtain a $500,000 debtor-in-possession financing from SPV Lit Fund, LLC. The DIP facility is a non-revolving, multiple advance loan, which will be used exclusively to prosecute the litigation before the New York County Supreme Court, defend against adverse claims, and fund Chapter 11 administrative costs. In May last year, SPAC sued Blackstone Products, FS Credit Opportunities Corp., Nomura Securities International, Inc., Oaktree Capital Management, LP and other investment bankers and professionals, seeking $53.7 million in compensatory damages and $537 million in punitive damages arising from the failed Blackstone acquisition. In its memorandum opinion and order, the court said the terms of the DIP agreement "fall within a fair range." "The facility is relatively modest in size -- $500,000 -- compared to [SPAC's] asserted claim value of approximately $53.7 million. The financing is tailored to preserve and prosecute the estate's principal asset. Without it, the claims would languish and likely lose value," the court said. "Taking the transaction as a whole, the size of the loan relative to the potential upside to [SPAC] and the estate, and the necessity of funding to preserve the estate's sole asset, the DIP agreement is substantively fair. Accordingly, the fair price component of entire fairness review is satisfied," the court said. SPAC said the DIP facility is necessary to fund its Chapter 11 case because the damages from the New York litigation are the only significant source of recovery for its creditors, and that its board of directors exercised sound business judgment in executing the DIP Agreement. The DIP facility is secured by senior liens on the same litigation-related collateral and will be senior in priority to all other claims, including those under 11 U.S.C. sections 364(c) and (d) of the Bankruptcy Code. The facility is due and payable on the earliest of (i) 18 months after the petition date, (ii) effective date of an approved Chapter 11 plan, or (iii) acceleration after event of default. The memorandum opinion and order is available at https://urlcurt.com/u?l=aVFeyn from PacerMonitor.com. SPAC is a special purpose acquisition company formed under Delaware law in September 2018 with the sole purpose of acquiring or merging with a private company desiring to go public. In December 2020, SPAC completed an initial public offering, raising $139.4 million, which was placed into an interest-bearing trust account as required under SEC rules governing SPACs. These rules also required SPAC to complete an acquisition within a specific timeframe or return funds to investors. After extending its acquisition deadline to September 2022, SPAC entered into a business combination agreement in December 2021 with North Atlantic Imports, LLC, doing business as Blackstone Products, a grill and outdoor cooking product company. However, SPAC's own investment bankers and professionals, including Nomura Securities International, Inc., FS Credit Opportunities Corp., and O'Melveny & Myers LLP, allegedly engaged in a scheme to misappropriate its acquisition opportunity by using confidential information and breaching their contractual and fiduciary duties. SPAC claimed these entities instead orchestrated an alternative deal with Blackstone -- excluding the company -- which allegedly closed in December 2022, just as the company's acquisition window expired. As a result of the failed transaction and the expiration of its acquisition window, SPAC was compelled to return the trust funds to its public investors, leaving it with no operating business or revenue. The company also defaulted on $785,000 in notes issued by Blackstone in anticipation of the acquisition. Blackstone subsequently sued and obtained a summary judgment against SPAC in New York State Court in the amount of $785,000, plus interest and costs, with judgment entered on August 22. Anticipating aggressive collection efforts, SPAC initiated its Chapter 11 case on September 26, 2025, with the goal of staying litigation, preserving its assets (namely its litigation claims), and pursuing its core litigation as a means of funding a future plan of reorganization. About SPAC Recovery Co. SPAC Recovery Co., formerly known as Ackrell SPAC Partners I Co., is a Delaware-based special purpose acquisition company created to raise capital and pursue a merger, share exchange, asset acquisition, or similar business combination. The Company originally targeted investments in the consumer goods sector and entered into a proposed combination with North Atlantic Imports LLC, doing business as Blackstone Products, before the deal was terminated in 2022. It now operates under the name SPAC Recovery and is focused on litigation and recovery efforts connected to its prior activities. SPAC Recovery sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12109) on September 26, 2025. In its petition, the Debtor reported total assets of $57,306,134 and total liabilities of $9,469,770. Honorable Bankruptcy Judge John P. Mastando III handles the case. The Debtor is represented by Michael H. Traison, Esq., at Cullen and Dykman, LLP. SPV LIT Fund, LLC, as DIP lender, is represented by: Michael Smiley, Esq. Samantha Espino, Esq. The Underwood Law Firm 500 S. Taylor, Suite 1200 Amarillo, TX 79101 mike.Smiley@uwlaw.com samantha.espino@uwlaw.com SPIRIT AIRLINES: Wins Bid to Dismiss Carmen Lawsuit --------------------------------------------------- Judge Jamel K. Semper of the United States District Court for the District of New Jersey denied the motion for summary judgment filed by Susan M. Carmen in the case captioned as SUSAN M. CARMEN, Plaintiff, v. SPIRIT AIRLINES, Defendant, Case No. 24-cv-04612 (D.N.J.). The motion of Spirit Airlines to dismiss the case is granted without prejudice. This case arises from an injury Plaintiff allegedly sustained after a series of events beginning with her ejection from a Spirit Airlines flight. On April 5, 2024, Plaintiff filed the lawsuit, seeking $10 million and all medical treatment paid because Defendant put her off the plane under color of law, and by doing so created the situation that led to her injuries, as she had no business in New York in the first place. On April 24, 2025, Defendant filed a corporate disclosure statement and the instant Motion to Dismiss for Insufficient Service of Process. In her Motion for Summary Judgment, Plaintiff argues that Defendant has not timely answered her Complaint and that, as such, Defendants are in complete agreement as to all the allegations made by the Plaintiff. Defendant argues that Plaintiff's Motion should be denied because Plaintiff fails to articulate any basis for her entitlement to summary judgment in this case and the Motion is procedurally improper. According to the Court, Plaintiff has identified no salient facts that could support the notion that there is no genuine dispute of material fact in this case. Judge Semper holds, "The dispute in this case is very much alive, and Defendant, in moving to dismiss the case, has made it clear that they do not accept any of the allegations as true. The Motion for Summary Judgment must be denied because it does not carry its burden of demonstrating that there are not genuine factual disputes in this case, and because it is procedurally improper, as it has been filed before the parties have engaged in any discovery and, as Defendant pointed out, the Motion is not accompanied by the necessary statement of material facts not in dispute. For these reasons, the Motion for Summary Judgment is denied." In its Motion to Dismiss, Defendant argues that Plaintiff has not demonstrated, nor could she demonstrate, any evidence that Emma -- the ticketing agent at Newark Liberty Airport -- is an appropriate recipient of service under any relevant rule. The Court finds Plaintiff offers no facts or arguments that suggest that Emma the ticketing agent was appointed by Spirit Airlines or otherwise authorized -- to accept service of process. Accordingly, the Motion to Dismiss for Insufficient Service of Process is granted. Pursuant to Federal Rule of Civil Procedure 4(m), and because Defendant has not been served within 90 days of the filing of the Complaint, the Court dismisses the action without prejudice. A copy of the Court's Opinion dated December 31, 2025, is available at https://urlcurt.com/u?l=pZjmMR from PacerMonitor.com. About Spirit Airlines Spirit Airlines, LLC (SAVE) is a low-fare carrier committed to delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. On the Web: http://wwww.spirit.com/ Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged plan with bondholders. At the time of the filing, Spirit Airlines reported $1 billion to $10 billion in both assets and liabilities. Judge Sean H. Lane oversees the case. The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel; Alvarez & Marsal North America, LLC, as financial advisor; and Perella Weinberg Partners LP as investment banker. Epiq Corporate Restructuring, LLC, is the claims agent. Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel for the Ad Hoc Group of Convertible Noteholders. Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC represent the Ad Hoc Group of Senior Secured Noteholders. The official committee of unsecured creditors retained Willkie Farr & Gallagher LLP as counsel. Citigroup Global Markets, Inc., served as financial advisor and Latham & Watkins LLP served as legal counsel to Frontier. 2nd Attempt Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit Airlines, a U.S.-based low-cost carrier providing air transportation services across the United States, Latin America, and the Caribbean. They employ approximately 25,000 direct employees and independent contractors. Spirit Aviation Holdings and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11897) on August 29, 2025. In the petition signed by Frederick Cromer, authorized signatory, Spirit Aviation Holdings disclosed $8,576,287,000 in assets and $8,096,842,000 in liabilities as of June 30, 2025. Judge Sean H. Lane oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP as bankruptcy counsel; PJT Partners LP as investment banker; FTI Consulting, Inc. as restructuring, fleet and communications advisor; Debevoise & Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell, LLP as conflicts counsel, and Ernst & Young, LLP as its audit and tax services provider. Epiq Corporate Restructuring, LLC is the claims, noticing, solicitation and administrative agent. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel; Alton Aviation Consultancy, LLC as specialized aviation advisor; Jefferies. LLC as investment banker; and AlixPartners, LLP as financial advisor. SPIRITRUST LUTHERAN: Committee Taps Pillar Aught LLC as Co-Counsel ------------------------------------------------------------------ The official committee of unsecured creditors of SpiriTrust Lutheran and its affiliates seek approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ Pillar Aught, LLC as its co-counsel. The firm will render these services: a. advise the Committee with respect to the Committee's power and duties under Bankruptcy Code section 1103; b. assist the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors; c. assist the Committee in connection with the Debtors' proposed sale of their assets; d. assist the Committee in connection with any proposed chapter 11 plan or other disposition of these cases; e. assist the Committee in analyzing the claims of the Debtors' creditors and the Debtors' capital structure and in negotiating with holders of claims, including analysis of possible objections to the priority, amount, subordination, or avoidance of claims and/or transfers of property in consideration of such claims; f. advise and represent the Committee in connection with matters generally arising in these cases, including the Debtors' motions to incur DIP financing and for approval of a proposed sale of their assets; g. review and analyze all applications, motions, orders, statements of operations, and schedules filed with the Court by the Debtors or third parties, advising the Committee as to their propriety, and, after consultation with the Committee, taking appropriate action; h. prepare necessary applications, motions, answers, orders, reports and other legal papers on behalf of the Committee; i. represent the Committee at hearings held before the Court and communicate with the Committee regarding the issues raised, as well as the decisions of the Court; and j. perform such other legal services as may be required or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, Local Rules, or other applicable law. The firm will be paid at these rates: Kate Deringer Sallie, Principal $525 Lindsey E. Snavely, Principal $525 Abigail Kaspzyck, Associate $350 Hannah Pasco, Associate $350 Teresa Laughead, Paraprofessional $200 Kate Deringer Sallie, Esq., a principal of Pillar Aught, disclosed in a court filing that the firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Kate Deringer Sallie, Esq. Pillar Aught, LLC 4201 E. Park Circle Harrisburg, PA 17111 Phone: (717) 308-9910 Email: ksallie@pillaraught.com About SpiriTrust Lutheran SpiriTrust Lutheran provides senior living, home care, and hospice services through a network of affiliated nonprofit entities operating across multiple counties in Pennsylvania. The organization offers in-home skilled nursing, therapy, non-medical support, hospice and palliative care, as well as residential senior living, personal care, assisted living, and related community-based programs. It operates from its headquarters in York, Pennsylvania, as a faith-based nonprofit serving older adults and local communities across the region. SpiriTrust Lutheran and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Lead Case No. 25-03341) on November 21, 2025, with up to $100 million in assets and up to $500 million in liabilities. Melissa Frownfelter, interim president, signed the petitions. Judge Henry W. Van Eck oversees the cases. The Debtors tapped Leavitt Legal Services, PC and Polsinelli PC as counsel; Latsha Davis & Marshall, PC as special counsel; and Novo Advisors, LLC as financial advisor. Stretto, Inc. is the Debtors' claims and noticing agent. SPIRITRUST LUTHERAN: Committee Taps Porzio Bromberg as Co-Counsel ----------------------------------------------------------------- The official committee of unsecured creditors of SpiriTrust Lutheran and its affiliates seek approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to employ Porzio, Bromberg & Newman, P.C. as co-counsel. The firm can be reached through: (a) advise the Committee with respect to the Committee's power and duties under Bankruptcy Code section 1103; (b) assist the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors; (c) assist the Committee in connection with the Debtors' proposed sale of their assets; (d) assist the Committee in connection with any proposed chapter 11 plan or other disposition of these cases; (e) assist the Committee in analyzing the claims of the Debtors' creditors and the Debtors' capital structure and in negotiating with holders of claims, including analysis of possible objections to the priority, amount, subordination, or avoidance of claims and/or transfers of property in consideration of such claims; (f) advise and represent the Committee in connection with matters generally arising in these cases, including the Debtors' motions to incur DIP financing and for approval of a proposed sale of their assets; (g) review and analyze all applications, motions, orders, statements of operations, and schedules filed with the Court by the Debtors or third parties, advising the Committee as to their propriety, and, after consultation with the Committee, taking appropriate action; (h) prepare necessary applications, motions, answers, orders, reports and other legal papers on behalf of the Committee; (i) represent the Committee at hearings held before the Court and communicate with the Committee regarding the issues raised, as well as the decisions of the Court; and (j) perform such other legal services as may be required or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, Local Rules, or other applicable law. The firm will be paid at these rates: Warren J. Martin, Jr., Principal $1,600 per hour Rachel A. Parisi, Principal $975 per hour Christopher P. Mazza, Principal $900 per hour Kimberly N. Pageau, Counsel $825 per hour Michael F. Medved, Associate $665 per hour Erik G. Lascano, Associate $535 per hour Stuart J. Backer, Associate $425 per hour Maria P. Dermatis, Paralegal $475 per hour April L. Kernell, Paralegal $375 per hour Robyn Hemming, Paralegal $340 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Warren J. Martin Jr., Esq., a partner at Porzio, Bromberg & Newman, P.C, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Warren J. Martin Jr., Esq. Porzio, Bromberg & Newman, P.C. 100 Southgate Parkway P.O. Box 1997 Morristown, NJ 07962-1997 Tel: (973) 538-4006 Fax: (973) 538-5146 Email: WJMartin@pbnlaw.com About SpiriTrust Lutheran SpiriTrust Lutheran provides senior living, home care, and hospice services through a network of affiliated nonprofit entities operating across multiple counties in Pennsylvania. The organization offers in-home skilled nursing, therapy, non-medical support, hospice and palliative care, as well as residential senior living, personal care, assisted living, and related community-based programs. It operates from its headquarters in York, Pennsylvania, as a faith-based nonprofit serving older adults and local communities across the region. SpiriTrust Lutheran and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Lead Case No. 25-03341) on November 21, 2025, with up to $100 million in assets and up to $500 million in liabilities. Melissa Frownfelter, interim president, signed the petitions. Judge Henry W. Van Eck oversees the cases. The Debtors tapped Leavitt Legal Services, PC and Polsinelli PC as counsel; Latsha Davis & Marshall, PC as special counsel; and Novo Advisors, LLC as financial advisor. Stretto, Inc. is the Debtors' claims and noticing agent. STARK MANUFACTURING: Customer Group's Bid for Receiver Denied ------------------------------------------------------------- The Hon. Margaret M. Garnett of the U.S. District Court for the Southern District of New York denied a request by a group of customers of Stark Manufacturing LLC for appointment of a receiver "for the reasons discussed on the record at the conference on January 7, 2026." The request is denied without prejudice to renewal as an adversarial proceeding with notice to Stark and an opportunity to be heard. Mahle Thermal and Fluid Systems Manufacturing Management Inc.; Mahle Thermal and Fluid Systems Dayton LLC; Mahle Filter Systems North America, Inc.; Volvo Group North America, LLC; Mack Trucks, Inc.; and AM General LLC, filed an emergency ex parte motion with the U.S. District Court for the Southern District of New York, seeking the immediate appointment of Sheldon Stone of Capstone Partners to be the receiver to assume control over Stark Manufacturing, LLC and its assets in both the United States and Mexico, and for related relief. An immediate ex parte appointment of a receiver is essential, Mahle et al. explained, saying Defendant has engaged in misleading conduct that threatens to halt production for both a critical defense contractor and major automotive manufacturers. Capstone is an experienced restructuring professional with specific experience serving as a receiver, in addition to experience in the automotive industry and in Mexico. In breach of multiple contracts, Defendant abruptly shut down manufacturing facilities. Despite repeated offers from the Customer Group to provide funding to restart and avoid a supply chain crisis, Defendant negotiated in bad faith, Mahle et al. allege. Defendant solicited funds from the Customer Group, assuring that the money would be used to effectuate the release of finished parts at the border and restart operations. However, after receiving the funds on January 5, 2026, Defendant brazenly admitted that the funds were used for other purposes, including retaining bankruptcy counsel. Mahle et al. assert that ex parte relief is imperative because any advance notice to Defendant will almost certainly result in Defendant immediately filing for bankruptcy; a tactic Defendant has repeatedly threatened to use to keep the Customer Group hostage. Mahle et al. also argue that a bankruptcy filing would not benefit Defendant or its creditors; instead, it could prevent any restart of operations, leave the Customer Group and numerous unpaid vendors with no meaningful recovery, and inflict monumental harm on the entire supply chain. The Customer Group will run out of parts manufactured by Defendant within days if operations are not restarted, causing shutdowns, plant or line idling, layoffs, and significant loss of reputation and goodwill throughout the supply chain, including for entities operating in both the automotive and defense sectors. The ex parte appointment of a receiver is appropriate where notice would enable the defendant to frustrate the court’s jurisdiction or dissipate assets, and where less drastic remedies are inadequate. As such, the Customer Group requests that entry of the proposed order to show cause, on an ex parte basis, is appropriate here, pending a full hearing, on notice to the Defendant, at a later date. Stark Manufacturing specializes in manufacturing precision fluid handling assemblies for the North American market, including fluid-handling and tubular assemblies, as well as other component parts for various industries, including the Customer Group. The Defendant's contractual relationship with each of the members of the Customer Group, memorialized in supply agreements which obligated the Defendant to manufacture the Component Parts, is highly specialized because the Component Parts the Defendant manufactures and supplies to the Customer Group are unique; they are specially manufactured and custom-made by Stark Manufacturing to meet the individual and specific requirements of each member of the Customer Group and their customers. The Component Parts undergo extensive testing and validation to comply with the strict technical, regulatory, and safety standards applicable in the automotive and defense industries. In turn, certain members of the Customer Group supply directly to separate automaker customers, known as Original Equipment Manufacturers (OEMs), for inclusion in completed vehicles sold to the public for individual and commercial purposes. In the case of at least one member of the Customer Group, AMG, the Component Parts are included in the vehicles it sells to the U.S. Military and the militaries of certain allied countries of the United States. The Defendant has committed numerous detrimental breaches to its contracts with the Customer Group, which, if not immediately addressed, will not only have a catastrophic impact on the Customer Group and their businesses, but it will also negatively impact the industries in which they operate. Despite the Defendant's breaches and bad acts, the Customer Group proposed a resolution, at their own expense, to the Defendant, which the Defendant flatly rejected. The Customer Group, without any obligation, offered to satisfy the Defendant's disclosed outstanding vendor payables and to fund its ongoing operational costs necessary to restart production in Mexico. Mahle et al. further contend that appointing an independent receiver to assume complete control of the Defendant and its assets in both the United States and Mexico would largely ameliorate the problems caused by the Defendant. By utilizing the Defendant's management and operational teams in Mexico, the receiver could implement an appropriate strategy to maximize the value of the business and to resume operations to avoid the imminent disruption to the supply chain that the Defendant's abrupt cessation of operations has caused. With a receiver appointed, the Customer Group is willing to fund the necessary costs and expenses to resume and continue the Defendant's operations, up to $3 million in accordance with an agreed-upon budget, to recover the Component Parts already produced and provide sufficient lead time to allow the members of the Customer Group to transition to a new supplier or suppliers. The Customer Group says the proposed receiver, Sheldon Stone, is a seasoned restructuring professional with over thirty-five (35) years of experience as a financial advisor, consultant, and corporate executive. Mr. Stone has specific experience in the automotive industry and leads his firm's automotive team. He has conducted more than 60 strategic plans for Tier 1 and 2 suppliers and has served as a financial advisor to Tier 1 and Tier 2 suppliers, including having served as Chief Restructuring Officer and engaged in numerous special M&A transactions. Mr. Stone has also previously served as a receiver. In 2025, he has experience in managing, operating, and eventually selling an underperforming automotive plant in Mexico, the locus of the facility, with the remaining operations in which the Defendant has an interest. Mr. Stone is well qualified to manage the Defendant's assets and affairs and to preserve the Defendant’s operations and its relationship with the Customer Group, among others. He has shown a strong interest in assuming the role of the receiver here, if the Court appoints him. Clearly, the Defendant and its owners can no longer be trusted to operate the business in a manner that will not cause imminent and catastrophic harm to the Customer Group, and potentially others, as well as the other critical components of the supply chain in the automotive and defense industries. MAHLE Thermal and Fluid Systems Manufacturing Management, Inc. is a Delaware corporation that maintains its principal place of business in Michigan. The company is therefore a citizen of Delaware and Michigan. MAHLE Thermal and Fluid Systems Dayton L.L.C. is a Delaware limited liability company. Its sole member is MAHLE Thermal and Fluid Systems Holding USA Inc., a Delaware corporation with its principal place of business in Michigan. It is also a citizen of Delaware and Michigan. MAHLE Filter Systems North America is a Delaware corporation that maintains its principal place of business in Michigan. It is therefore a citizen of Delaware and Michigan. Volvo Group North America, LLC is a Delaware limited liability company that maintains its principal place of business in Greensboro, North Carolina. Its sole member is Mack Trucks, Inc., which is a Pennsylvania corporation. It is also a citizen of Delaware and North Carolina. Mack Trucks, Inc. is a Pennsylvania corporation that maintains its principal place of business in Greensboro, North Carolina. It is therefore a citizen of Pennsylvania and North Carolina. AM General LLC ("AMG") is a Delaware limited liability company with its principal place of business in Indiana. Its sole member is PM General Purchaser LLC, whose sole member is PM General Midco LLC. PM General Midco LLC's sole member is PM General Topco, Inc., a Delaware corporation with its principal place of business in Indiana. Accordingly, AMG is a citizen of Delaware and Indiana. The Plaintiffs further request that the Court issue a stay, preventing all other persons and entities from commencing or continuing any action or proceeding against, or taking any action to establish or enforce any claim, right, or interest for, against, on behalf of, in, or in the name of, Defendant. Mahle et al. contend the Court should exercise its broad equitable powers to grant similar relief. A stay would prevent duplicative litigation or claims by other customers and creditors who seek to collect on their claims against the Defendant or otherwise to enforce litigation claims against it. Mahle et al. also assert that the requested relief should extend to the ability of the Defendant, anyone acting on behalf of the Defendant, or any other creditors, from filing a voluntary or involuntary bankruptcy petition for or against the Defendant. A receiver, protected by an injunction, would be able to maintain the status quo and to ensure that the Defendant’s business continues to operate while also satisfying the Defendant’s existing and ongoing obligations. * * * On January 9, District Court Judge Margaret M. Garnett granted in part and denied in part the MAHLE Plaintiffs' request for a temporary restraining order requiring Stark to immediately release to MAHLE certain component parts held by Stark’s custom broker, P&P Global Logistics LLC; and maintain the current state of specialty tools and component parts belonging to the MAHLE Plaintiffs. Specifically, Judge Garnett directed Stark and its agents to "preserve and take reasonable steps necessary to prevent any damage, harm, alteration, or loss to the specialty tooling equipment owed by MAHLE Plaintiffs." Stark is also enjoined from selling or otherwise disposing of the Tooling. Stark and its agents are also directed to preserve and take reasonable steps necessary to prevent damage, harm, alteration, or loss to the Component Parts manufactured for MAHLE Plaintiffs and paid-for by them, including the Component Parts currently being held by P&PG in Texas. Stark is also enjoined from selling or otherwise disposing of the Component Parts, other than releasing them to the custody of the MAHLE Plaintiffs. Judge Garnett directed all parties to appear before the Court for a preliminary injunction hearing on Wednesday, Jan. 14, 2026, at 10:00 a.m. Stark may submit any briefing to the Court on or before 12:00 p.m. on Tuesday, January 13, 2026. About Stark Manufacturing, LLC Stark Manufacturing, LLC, is a New York limited liability company with two members: Neal Cohen and CoBe Equities, LLC. It specializes in manufacturing precision fluid handling assemblies for the North American market, including fluid-handling and tubular assemblies, as well as other component parts for various industries, including the Customer Group. Stark is facing a receivership case captioned as MAHLE Thermal and Fluid Systems Manufacturing Management Inc.; MAHLE Thermal and Fluid Systems Dayton LLC; MAHLE Filter Systems North America, Inc.; Volvo Group North America, LLC; Mack Trucks, Inc.; and AM General LLC v. Stark Manufacturing, LLC, Case No. 1:26-cv-00083 (S.D.N.Y.), before the Hon. Margaret M. Garnett. The case was filed on Jan. 6, 2026. Counsel to Plaintiffs: Tracy L. Klestadt, Esq. Kathleen Aiello, Esq. Klestadt Winters Jureller Southard & Stevens, LLP 200 West 41st Street, 17th Floor New York, NY 10036 Tel: (212) 972-3000 Fax: (212) 972-2245 Email: tklestadt@klestadt.com kaiello@klestadt.com SUIRAD GROUP: Amends Several Secured Claims Pay Details ------------------------------------------------------- Suirad Group LLC submitted an Amended Plan of Reorganization dated January 6, 2026. This Plan deals with all property of Debtor and provides for treatment of all Claims against Debtor and its property. Class 3 shall consist of the Priority Tax Claim of Fulton County Tax Commissioner ("Fulton County") in the amount of $19,718.44. (the "Class 3 Fulton County Tax Claim") consisting of 2024 property taxes in the amount of $19,718.44 pursuant to Proof of Claim No. 9. The Claims of the Class 6 Creditors are not impaired by the Plan and the holders of the Class 6 Creditors are conclusively deemed to have accepted the Plan. The Debtor shall pay the Class 3 Fulton County Tax Claim in equal monthly payments of $500.00 commencing on the 28th day of the first full month following the Effective Date and continuing on the last day of each subsequent month for a total of 23 months and (ii) a final payment for all outstanding principal and interest then due on the Class 3 Fulton County Tax Claim (i.e. $19,718.44) on the 1st day of the 24th full month following the Effective Date (the "Class 3 Maturity Date"). Class 5 consists of the first priority secured claim of U.S. Bank Trust National Association, not in its individual capacity, but solely as Owner Trustee of FF Investorco Grantor Trust ("FF Investorco") (such amount owed to FF Investorco and as allowed by the Court plus interest accruing pursuant to this Class 5 shall be referred to herein as the "Class 5 Secured Claim"). Debtor scheduled FF Investorco as holding a claim in the amount of $1,271,862.12 secured by a first priority lien on real property located at 521 Auburn Ave NE, Atlanta, Georgia ("521 Auburn Ave" or the "Property"). FF Investorco filed Proof of Claim number 5 asserting a secured claim in the amount of $1,271,862.12 (the "Total Asserted Class 5 Secured Claim") secured by 521 Auburn Ave. FF Investorco's Class 5 Secured Claim is evidenced by the following loan documents (collectively, the "FF Investorco Loan Documents"): (i) Promissory Note between Debtor as borrower and Civic Financial Services, LLC as lender dated January 3, 2023; (ii) Security Deed, Assignment of Leases and Rents, Security Agreement and Fixture Filing between Debtor as grantor and Civic Financial Services, LLC as grantee dated January 3, 2023 and recorded in the records of the Fulton County Clerk of Superior Court at Deed Book 66451, Page 247; (iii) Assignment of Security Deed between Civic Financial Services, LLC as assignor and Morgan Stanley Bank, N.A. as assignee dated April 25, 2023 and recorded in the records of the Fulton County Clerk of Superior Court at Deed Book 67223, Page 85; and (iv) Assignment of Security Deed between Morgan Stanley Bank, N.A. as assignor and FF Investorco as assignee dated September 7, 2023 and recorded in the records of the Fulton County Clerk of Superior Court at Deed Book 67223, Page 88. Interest shall accrue on the principal balance of the Allowed Class 5 Secured Claim at the annual rate of prime plus 1%. Debtor shall pay the Allowed Class 5 Secured Claim as follows: Beginning on the 15th day of the first month following the Effective Date and continuing for the following 24 months, Debtor shall make interest only payments. Debtor shall pay the Allowed Class 5 Secured Claim with a payment for any outstanding balance of the Allowed Class 5 Secured Claim on the 1st day of the 24th month following the Effective Date (the "Class 5 Maturity Date"). Any payments received by FF Investorco on the Class 5 Secured Claim on or after the Effective Date shall be referred to herein as the "Class 5 Secured Claim Payments." The Class 5 Secured Claim Payments shall be applied first to accrued and unpaid interest which accrues on the Class 5 Secured Claim in accordance with the Plan and then to principal. Like in the prior iteration of the Plan, the Debtor will pay the Holders of Class 7 General Unsecured Claims in accordance with the Plan Payment Procedures set forth in Article 4.10 of the Plan. Debtor discloses that its scheduled unsecured claims and proofs of claims for unsecured claims $64,857.08. The Class 7 Claims are Impaired by the Plan and the holders of the Class 7 Claims are entitled to vote to accept or reject the Plan. Class 8 consists of Equity Claims. Darius George will retain 100% of the membership interest in the Debtor. The Claim of the Class 8 Creditor is not Impaired by the Plan and the holder of the Class 8 Claim is not entitled to vote to accept or reject the Plan. "Administrative and General Unsecured Creditors Payment" means the projected disposable income of the Debtor to be received in the three-year-period beginning on the date that the first payment is due to the General Unsecured Creditors under this Plan provided, which will be applied to make payments under the Plan. The Administrative and General Unsecured Creditors Payment shall be fixed based upon the amount set forth on the Budget. The Debtors shall pay the Administrative and General Unsecured Creditors Payment in full satisfaction of its obligations to (i) administrative claims and (ii) Class 6 General Unsecured Claims. Such Administrative and General Unsecured Creditors Payments shall be disbursed as follows: * First, pro-rata to the Holders of an Allowed Administrative Expense Claims, pro rata with all other Allowed Administrative Expense Claims, until all Allowed Administrative Expense Claims are paid in full. Debtor anticipates the following administrative expense claims: (1) Jones & Walden, LLC, as counsel to the Debtor, and (2) Tamara Ogier, as Subchapter V Trustee. * Second, all remaining payments shall be paid to the Holders of an Allowed Class 6 General Unsecured Claim, pro rata with all other Allowed Class 6 General Unsecured Claims. The source of funds for the payments pursuant to the Plan is the sale or refinancing of the Property to pay claims under the Plan. A full-text copy of the Amended Plan dated January 6, 2026 is available at https://urlcurt.com/u?l=7y6zCS from PacerMonitor.com at no charge. Counsel to the Debtor: Cameron M. McCord 699 Piedmont Avenue, NE Atlanta, GA 30308 Tel: (404) 564-9300 Email: CMcCord@joneswalden.com About Suirad Group Suirad Group, LLC, a company in Atlanta, Ga., sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-50072) on January 3, 2025. In its petition, the Debtor reported $1 million to $10 million in both assets and liabilities. Cameron M. McCord, Esq., at Jones & Walden, LLC represents the Debtor as legal counsel. TODDS HEATING: Seeks Chapter 7 Bankruptcy in Kentucky ----------------------------------------------------- On December 22, 2025, Todds Heating and Air Conditioning filed for Chapter 7 protection in the Western District of Kentucky. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Todds Heating and Air Conditioning Todds Heating and Air Conditioning sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 25-33120) on December 22, 2025. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Mary Elisabeth Naumann handles the case. The Debtor is represented by Victor E. Tackett, Jr., Esq. TRINITY AUTO: Seeks to Hire Genova Burns LLC as Bankruptcy Counsel ------------------------------------------------------------------ Trinity Auto LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Genova Burns LLC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Jaclynn N. McDonnell $375 R. Edward Stone $325 Partners $500 - $950 Counsel $450 - $650 Of Counsel $500 - $700 Associates (by years of experience) 1 - 3 $325 4 - 8 $375 9+ $425 Paralegals $275 The firm received a retainer in the amount of $50,000, inclusive of the filing fee of $1,738. As disclosed in a court filing, Genova Burns LLC is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Daniel M. Stolz, Esq. Donald W. Clarke, Esq. Susan A. Long, Esq. Jaclynn N. McDonnell, Esq. GENOVA BURNS LLC 110 Allen Road, Suite 304 Basking Ridge, NJ 07920 Phone: (973) 467-2700 Email: dstolz@genovaburns.com dclarke@genovaburns.com slong@genovaburns.com jmcdonnell@genovaburns.com About Trinity Auto LLC Trinity Auto LLC, doing business as Trinity Cadillac, operates an automotive dealership in Englewood Cliffs, New Jersey, selling new and pre-owned Cadillac vehicles and offering related services. The Company provides vehicle maintenance and repair, parts, and financing services to customers in the northern New Jersey area. Trinity Auto LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bnakr. D.N.J. Case No. 25-10018) on January 2, 2026, listing $1,549,669 in assets and $14,824,684 in liabilities. The petition was signed by Jose Collado as dealer principal and managing partner. Judge Stacey L Meisel presides over the case. Daniel M. Stolz, Esq. at GENOVA BURNS LLC serves as the Debtor's counsel. UPGRADE SALON: Taps Jeremy T. Wood PLLC as Lead Bankruptcy Counsel ------------------------------------------------------------------ Upgrade Salon Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire the Law Office of Jeremy T. Wood, PLLC as lead bankruptcy counsel. The firm will render these services: a. advise the Debtor with respect to its powers and duties as a debtor-in-possession; b. prepare and file all necessary pleadings, motions, applications, and other legal documents; c. represent the Debtor in cash collateral and DIP financing matters; d. prepare and prosecute a plan of reorganization and disclosure statement; e. commence and prosecute an adversary proceeding against B and E Express for damages critical to the reorganization; f. assist with general estate administration and compliance with court orders; g. negotiate with creditors and address claim objections; h. ensure compliance with monthly operating report requirements and other statutory obligations; i. represent the Debtor at all hearings and proceedings before this Court; and j. perform all other legal services necessary for the Debtor to fulfill its duties under the Bankruptcy Code. The firm will bill the hourly rate of $350 for Jeremy T. Wood, attorney at Jeremy T. Wood, PLLC. The firm received a retainer in the amount of $25,000. Mr. Wood assured the court that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeremy T. Wood, Esq. Law Office of Jeremy T. Wood, PLLC 2950 N Loop W 5th Floor Suite 500 Houston, TX 77092 Phone: (713) 366-1288 About Upgrade Salon Inc. Upgrade Salon Inc. delivers a full range of beauty and grooming services, specializing in hair styling, coloring, and spa treatments. Upgrade Salon sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-37406) on December 5, 2025. In its petition, the Debtor listed up to $50,000 in assets and between $50,001 and $100,000 in liabilities. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Jeremy Thomas Wood, Esq., at the Law Office of Jeremy T. Wood, PLLC. US MAGNESIUM: Taps Parr Brown Gee as Special Environmental Counsel ------------------------------------------------------------------ US Magnesium LLC seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Parr Brown Gee & Loveless as special environmental counsel. The Debtor seeks to engage Parr Brown to serve as special environmental counsel in connection with the foregoing matters and any contested matters or adversary proceedings arising from or relating in any way to either of the foregoing, as well as additional disputes that arise in or as a result of this bankruptcy case. The Debtor intends to compensate Parr Brown on an hourly basis at its customary hourly rates for services rendered, plus reimbursement of actual, necessary expenses and other charges incurred. As disclosed in the court filings, Parr Brown does not represent or hold any interest adverse to the Debtor or its estate. The counsel can be reached through: Martin K. Banks, Esq. Parr Brown Gee & Loveless 101 South 200 East, Suite 700 Salt Lake City, UT 84111 Tel: (801) 532-7840 Fax: (801) 532-7750 Email: mbanks@parrbrown.com 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. USA STAFFING: Affiliate Gets Extension to Access Cash Collateral ---------------------------------------------------------------- Staffing Management Group, LLC, an affiliate of USA Staffing Services, LLC, received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to use cash collateral. At the recent hearing, the court approved the Debtor's continued use of cash collateral to fund its operations pending a further hearing on February 5. The Debtor was previously authorized under the court's fifth interim order to use the cash collateral of Change Capital Holdings I, LLC. The fifth interim order entered on January 5 also authorized the Debtor to make a weekly payment of $5,000 to Change Capital Holdings I as adequate protection and grant the senior creditor replacement liens on the Debtor's post-petition assets similar to its pre-bankruptcy collateral. About USA Staffing Services LLC USA Staffing Services, LLC provides staffing solutions across the United States through a network of locally owned partner offices. It offers temporary staffing, direct hire, and customized workforce solutions for businesses across various industries and locations. USA Staffing Services and its affiliates, Staffing Management Group, LLC and MK Ultra Investments, LLC filed Chapter 11 petitions (Bankr. M.D. Fla. Lead Case No. 25-04358) on June 27, 2025. In its petition, USA Staffing Services reported total assets of $6,315,418 and total liabilities of $3,239,607. Judge Catherine Peek McEwen handles the cases. The Debtors are represented by Daniel E. Etlinger, Esq., at Underwood Murray, P.A. Change Capital Holdings I, LLC, as senior creditor, is represented by: Steven J. Brotman, Esq. Troutman Pepper Locke, LLP 777 South Flagler Drive Suite 215 East Tower West Palm Beach, FL 33401 Telephone: 561-833-7700 Facsimile: 561-655-8719 steven.brotman@troutman.com -- and -- Sean A. Feener, Esq. Troutman Pepper Locke, LLP 875 Third Avenue, New York, NY 10022 Telephone: 212.912.2724 sean.feener@troutman.com VISIONWRIGHTS LLC: Seeks Chapter 11 Bankruptcy in Georgia --------------------------------------------------------- On January 09, 2026, VisionWrights, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $1,000,001 and $10,000,000 in debt owed to 1 to 49 creditors. About VisionWrights, LLC VisionWrights, LLC is a creative services firm offering marketing, branding, and digital content solutions to businesses. The company focuses on developing strategies and materials that strengthen brand presence and engage target audiences. VisionWrights, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50440) on January 09, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $1,000,001 to $10,000,000. Honorable Bankruptcy Judge Sage M. Sigler handles the case. The Debtor is represented by Will B. Geer, Esq. of Rountree Leitman Klein & Geer LLC. VIVACE HOSPITALITY: Gets Final OK to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, entered a final order authorizing Vivace Hospitality, LLC to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral, subject to the terms of the approved budget. The Debtor may use available cash to pay ordinary and necessary business expenses and may exceed individual budget line items by up to 15%. As adequate protection, the merchant cash advance lenders and the U.S. Small Business Administration will be granted replacement liens on the Debtor's post-petition property similar to their pre-bankruptcy collateral. The order expressly preserves all parties' rights to dispute the validity, priority, and amount of any liens or claims, including those held by the MCA lenders and the SBA. Additionally, the interim order includes a carveout for court and U.S. trustee fees under Section 1930 of the Bankruptcy Code. The final order is available at https://is.gd/S0LSaQ from PacerMonitor.com. About Vivace Hospitality Vivace Hospitality, LLC operates a full-service dining establishment in Plantation, Florida, offering Italian cuisine, hand-tossed pizzas, pasta dishes, and craft cocktails. The restaurant provides dine-in and takeout services, with delivery available through third-party platforms. Vivace Hospitality filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-20637) on September 12, 2025, listing up to $50,000 in assets and $2,185,248 in liabilities. Carol Fox of GlassRatner serves as Subchapter V trustee. Judge Scott M. Grossman oversees the case. Thomas Zeichman, Esq., at Beighley, Myrick, Udell, Lynne and Zeichman, P.A represents the Debtor as legal counsel. WARREN'S READY-MIX: Court Extends Cash Collateral Access to Feb. 4 ------------------------------------------------------------------ Warren's Ready-Mix, LLC received another extension from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral. The court issued a second interim order authorizing the Debtor to use cash collateral through February 4 solely for expenses set forth in an approved budget. The order recognizes Mint National Bank as the Debtor's primary secured lender with a first-priority perfected lien on cash collateral. As of the petition date, the Debtor owed Mint Bank approximately $3.39 million across seven loans. As adequate protection, Mint Bank will be granted automatically perfected replacement liens equal in priority and validity to its pre-bankruptcy liens, effective as of the petition date. As additional protection, the Debtor must operate strictly within the budget, make regular scheduled principal or interest payments to Mint Bank, provide ongoing financial information, and cooperate with inspections and information requests. Events of default under the second interim order include unauthorized payments, failure to provide information, appointment of a trustee, conversion or dismissal of the case, or violation of the order. Upon default, Mint Bank may terminate consent to cash collateral use after notice and a short cure period. A further interim hearing is scheduled for February 4. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/w7Os4 from PacerMonitor.com. About Warren's Ready-Mix LLC Warren's Ready-Mix, LLC, a company in Kingwood, Texas, produces and supplies high-performance ready-mix concrete in Houston, Texas, serving both commercial and residential construction projects. The company provides concrete for applications including roads, parking lots, building foundations, driveways, patios, and sports facilities, leveraging electronic order entry, automated batching, and GPS-tracked delivery trucks. It focuses on reliable scheduling, customer service, and long-term client relationships across projects of varying sizes. Warren's Ready-Mix sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-37585) on December 18, 2025, listing between $10 million and $50 million in both assets and liabilities. Carey Dean Warren, Jr., company owner, signed the petition. Judge Hon. Jeffrey P Norman oversees the case. Julie M. Koenig, Esq., at Cooper & Scully, is the Debtor's legal counsel. Mint National Bank, as secured creditor, is represented by: Misty A. Segura, Esq. Spencer Fane, LLP 3040 Post Oak Blvd., Ste. 1400 Houston, TX 77056 Office: (713) 212-2643 msegura@spencerfane.com WATCHTOWER FIREARMS: Updates Unsecured Claims Details ----------------------------------------------------- Watchtower Firearms LLC submitted a First Amended Disclosure Statement describing First Amended Plan of Liquidation dated January 6, 2026. The Debtor believes the Plan maximizes value for all stakeholders. The Plan contemplates a liquidation and wind down of the Debtor's estate to provide distributions to creditors in accordance with the absolute priority rule and certain settlements provided for in the Plan, as described herein, in the most efficient and expeditious manner possible. Class 2 consists of General Unsecured Claims. Except to the extent that a holder of an Allowed General Unsecured Claim agrees to less favorable treatment of such Claim, in full and final satisfaction, settlement, release, and discharge of such Allowed General Unsecured Claim, on or prior to the Effective Date, each such holder shall receive its Pro Rata right to recovery from the Liquidation Trust, in the priority set forth in the Liquidation Trust Agreement. This Class will receive a distribution of 100% of their allowed claims. Class 2 is impaired. The allowed unsecured claims total $4,700,000.00. Class 3 consists of Unsecured Liquidated Claims by Interestholders. Except to the extent that a holder of an Allowed Unliquidated Unsecured Claim agrees to less favorable treatment of such Claim, in full and final satisfaction, settlement, release, and discharge of such Allowed liquidated or unliquidated Unsecured Claim of an Interestholder, on or prior to the Effective Date, each such holder shall receive its Pro Rata right to recovery from the Liquidation Trust, in the priority set forth in the Liquidation Trust Agreement. Class 3 is impaired. The amount of claim in this Class total $3,448,000.00. Class 5 consists of Interest of Interestholders. Effective Date, all Interests in the Debtor shall be canceled, released and extinguished, and will be of no further force or effect, but in full and final satisfaction, settlement, release, and discharge of such Interests, on or prior to the Effective Date, each such holder shall be entitled to no recovery under the Plan until all prior Classes are paid in full (except for Class 4). The amount of claim in this Class total $21,000,000.00. On the Liquidation Trust Establishment Date, Steven Bellah of KCP Advisory Group, LLC will be appointed as the liquidating trustee (the "Liquidation Trustee") to carry out the liquidation and disposition of the Liquidation Trust Assets. The terms of the Liquidation Trustee's engagement shall be acceptable to the Debtor, and the Creditors’ Committee. The terms of the Liquidation Trust will establish the terms and conditions of the Liquidation Trust, the rights of, and limitations on, the Liquidation Trust Interests, and pursuant to which the Liquidation Trustee shall manage and administer the Liquidation Trust Assets, and will be in form and substance mutually agreeable to the Debtor. Pursuant to the terms of the Plan, the Liquidation Trust will have the following beneficiaries (a) the holders of Allowed General Unsecured Claims, (b) the Interestholders with Liquidated Allowed Unsecured Claims (the "Trust Beneficiaries") and (c) potentially Interestholders who support the Plan. Based on the Liquidation Trust Budget, which has been approved by Buyer, the Debtor and Creditors' Committee, the Buyer agrees to fund the Liquidation Trust, immediately after the Effective Date, with $900,000.00 in cash consideration, provided that the Liquidation Trustee is appointed. Having served as the Chief Restructuring Officer of the Debtor during the Chapter 11 Case, the Liquidation Trustee is very familiar with the facts surrounding the Retained Causes of Action, including the claims against Dion Podgurny and F-1 Firearms, LLC, asserted by the Debtor in Adversary Case. A full-text copy of the First Amended Disclosure Statement dated January 6, 2026 is available at https://urlcurt.com/u?l=3okqC3 from PacerMonitor.com at no charge. Watchtower Firearms LLC is represented by: H. Joseph Acosta, Esq. Jeff Carruth, Esq. Aimee E. Marcotte, Esq. CONDON TOBIN 8080 Park Lane, Suite 700 Dallas, TX 75231 Tel: (214) 265-3852 Fax: (214) 265-6311 Email: jacosta@condontobin.com About Watchtower Firearms LLC Watchtower Firearms LLC is a veteran-owned company offering a diverse range of firearms, including custom rifles, special edition rifles, and handguns. The Company serves military, law enforcement, hunting, and personal use markets. In addition to firearms, it provides suppressors, components, and specialized gear tailored to meet the needs of its customers. Watchtower Firearms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-40684) on Feb. 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Judge Mark X. Mullin oversees the case. Joseph Acosta, Esq., at CONDON TOBIN, is the Debtor's counsel. WC 707 CESAR: Seeks to Hire Hayward PLLC as Bankruptcy Counsel -------------------------------------------------------------- WC 707 Cesar Chavez, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Hayward PLLC as general bankruptcy counsel. The firm's services include: a. give the Debtor legal advice with respect to its powers and duties as Debtor as Debtor-in-Possession in the continued operation of its business and management of its property; b. advise the Debtor of its responsibilities under the Bankruptcy Code and assist with such; c. prepare and file Voluntary Petition, DIP Loan Financing, and other paperwork necessary to commence this proceeding; d. assist in preparing and filing the required Schedules, Statement of Affairs, Monthly Financial Reports, and any amendments thereto; e. assist in preparing the Initial Debtor's Report and other documents required by the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the Local Rules of this Court and the administrative procedures of the Office of the United States Trustee; f. represent the Debtor in connection with adversary proceedings and other contested and uncontested matters, both in this Court and in other courts of competent jurisdiction, concerning any and all matters related to these bankruptcy proceedings and the financial affairs of the Debtor; g. represent the Debtor in the negotiation and documentation of any sales or refinancing of property of the Chapter 11 Case, and in obtaining the necessary approvals of such sales or refinancing by this Court; and h. assist the Debtor in the formulation of, among other things, a plan of reorganization and disclosure statement, and in taking the necessary steps in this Court to obtain approval of such disclosure statement and confirmation of such plan of reorganization. The firm will be paid at these rates: Ron Satija $625 per hour Other attorneys and clerks $300 to $600 per hour Paralegals $150 to $215 per hour Legal Assistants $95 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Satija disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Ron Satija, Esq. Hayward PLLC 7600 Burnet Road, Suite 530 Austin, TX 78757 Tel: (737) 881-7102 Email: rsatija@haywardfirm.com About WC 707 Cesar Chavez LLC WC 707 Cesar Chavez, LLC operates as a single-asset real estate entity, leasing the property located at 707 E Cesar Chavez Street in Austin, Texas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-11915) on December 2, 2025. In the petition signed by Natin Paul, president of World Class Holdings III, LLC, the manager of the Debtor, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Ron Satija, Esq., at Hayward PLLC, represents the Debtor as legal counsel. WELLPATH HOLDINGS: Court Lifts Stay, Reopens Griffin, et al. Case ----------------------------------------------------------------- Judge J. P. Stadtmueller of the United States District Court for the Eastern District of Wisconsin granted the motion of Lou A. Griffin to reopen the case captioned as LOU A. GRIFFIN, Plaintiff, v. DIANE JENSEN, OFFICER MARTINEZ, OFFICER WARDOO, OFFICER MYERS, OFFICER CHRISTENSEN, LEYENDECKER, LONGSINE, PEARSON, S. FUMELLE, S. JOHNSON, OFFICER WERTEL, C. XIONG, DUSTIN R. DIMMER, and JOHN DOES, Defendants, Case No. 24-cv-00053 (E.D. Wis.). The plaintiff's motion to appoint counsel denied without prejudice. Motion to Reopen On January 16, 2024, Plaintiff filed a complaint under 42 U.S.C. Sec. 1983 alleging that various individuals violated his constitutional rights. On January 30, 2025, Jensen filed a suggestion of bankruptcy and notice of automatic interim stay. Defendant explained that Wellpath, LLC, her employer at the relevant time, had filed for bankruptcy, so Plaintiff's claim against her should be stayed. Defendant further explained that a bankruptcy court's order imposed an automatic stay of this action until February 18, 2025. Following a request from the District Court, Defendant Jensen filed a status update on February 28, 2025, indicating the automatic stay was extended. On March 4, 2025, the District Court administratively closed the case subject to the automatic stay and bankruptcy court's orders. On May 22, 2025, Defendant Jensen provided a status update about the bankruptcy proceedings. Jenson provided that on May 1, 2025, the bankruptcy court had entered an order confirming Wellpath's First Amended Joint Chapter 11 Plan of Reorganization. On May 9, 2025, the bankruptcy court had lifted the automatic stay, and Wellpath was discharged from liability for all claims involving incidents that happened before the bankruptcy (i.e., before November 11, 2024). Jensen also explained that incarcerated individuals who had personal injury claims pending against non-debtor defendants (Wellpath's directors, officers and other employees) had until July 30, 2025 to opt out of the third-party releases of claims against non-debtor defendants under the Plan. Jensen explained that because the events in the instant case allegedly occurred before November 11, 2024, Plaintiff's claims against Jensen would be discharged unless Plaintiff elected to opt-out of the third-party releases. In light of the bankruptcy court proceedings, there is no longer a need to stay the case. The District Court will therefore lift the stay and reopen the case. Motion for Judgment on the Pleadings Jensen seeks judgment on the pleading to dismiss all claims against her with prejudice based on the third-party release contained in the plan of reorganization confirmed by the United States Bankruptcy Court for the Southern District of Texas in In re Wellpath Holdings, Inc., Case 24-90533. Jensen argues that the claims against her have also been released in the bankruptcy proceedings because she is a current/former employee of Wellpath and Plaintiff did not opt out of the third-party release prior to the July 30, 2025 deadline. Because the record from the bankruptcy court confirms that claims against Wellpath and its employees (such as Jensen) that occurred before the bankruptcy petition have been discharged, the District Court finds that Jensen's motion for judgment on the pleadings must be granted. Defendant Diane Jensen is dismissed with prejudice from this action, the District Court holds. A copy of the Court's Order dated December 31, 2025, is available at https://urlcurt.com/u?l=DK9T8X from PacerMonitor.com. About Wellpath Holdings Wellpath Holdings, Inc., formerly known as CCS-CMGC Holdings, Inc., is a provider of medical and mental healthcare in jails, prisons, and inpatient and residential treatment facilities. Wellpath Holdings and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 24-90533) on Nov. 11, 2024. Timothy Dragelin, chief restructuring officer and chief financial officer, signed the petitions. At the time of the filing, the Debtors reported $1 billion to $10 billion in assets and liabilities. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Marcus A. Helt, Esq., at McDermott Will & Emery, LLP, as bankruptcy counsel; FTI Consulting, Inc., as financial advisor; and Lazard Freres & Co., LLC and MTS Partners, LP as investment banker. The Bankruptcy Court confirmed the chapter 11 plan on May 1, 2025. WISCONSIN & MILWAUKEE: Lenders Lose Bid for Stay Relief ------------------------------------------------------- Chief Judge G. Michael Halfenger of the United States Bankruptcy Court for the Eastern District of Wisconsin denied without prejudice the motion of Computershare Trust Company, N.A., and Wisconsin & Milwaukee Hotel Funding LLC (the "Lenders") for relief from stay in the bankruptcy case of Wisconsin & Milwaukee Hotel LLC. The Lenders have moved under 11 U.S.C. Sec, 362(d)(2) for relief from the Sec. 362(a) stay so that they can pursue their liens on the hotel that is the centerpiece of the debtor's business. They are dissatisfied with the debtor's progress toward reorganization -- they would say, "lack of progress" -- and they contend that the debtor's plan -- amended several times -- remains unconfirmable with no reasonable prospect of confirmation in view. The court held a two-part, multiple-day evidentiary hearing on the motion. In the first part, the parties presented evidence of the property's value, after which the court found that the hotel has a value of $26 million. In the second part, the parties presented feasibility evidence, principally evidence as to the appropriate discount rate that the plan must apply to deferred payments ("cramdown interest") to comply with 11 U.S.C. Sec. 1129(b)(2)(A)(i)(II) and achieve confirmation over Computershare's objection. The Lenders' post-hearing brief contends that the debtor has no effective reorganization in prospect, because the debtor has dithered away the reasonable time to confirm a plan with a series of legally unsupportable amendments. They argue that the plan as currently amended cannot be confirmed: among other failings, it offends Sec. 1129(b)'s absolute priority rule by positioning the debtor's current owner as the stalking horse bidder and not allowing the Lenders to credit bid; the plan cannot meet Sec. 1129(a)(11)'s "feasibility" requirement because the debtor has not shown that Marriott will enter an extended franchise agreement; and the plan does not comply with Sec. 1129(b)(2)'s requirement that it pay Computershare cramdown interest at a fair and equitable rate determined using the formula approach mandated by Till v. SCS Credit Corp., 541 U.S. 465 (2004). The Lenders also note that the debtor reports that it will amend the plan, even though the court has set several deadlines in this case ordering the debtor to file a final amended plan, and the debtor has repeatedly requested leave to further amend those "final" plans. The debtor's proposed plan does not provide for the debtor's owner, Jackson Street Management LLC (JSM), to retain its existing equity interests in the reorganized debtor. Instead, the debtor's proposed plan provides that the reorganized debtor will conduct an auction sale of equity to be newly issued on the Effective Date and that all Existing Equity Interests shall be extinguished upon issuance of New Common Units of the Reorganized Debtor, though JSM retains its right (based on its prepetition equity interests) to payment of any excess funds from the auction that are available after the debtor pays all allowed claims. Because no distribution would be made to JSM unless all unsecured creditors were paid in full, plus interest, the debtor contends that the distribution provided to JSM does not implicate or violate the Absolute Priority Rule under Bankruptcy Code Sec. 1129(b)(2)(B)(ii). In all events, the existing record does not establish that the plan's treatment of Computershare's claim offends Sec. 1129(b)(2)'s fair and equitable requirement simply because all other creditor classes and equity interests might receive a distribution before Computershare receives the balloon payment in year 18 that completes full payment of its claim. Because the court finds that there is no evidence that the plan's proposed equity sale will yield sufficient proceeds to allow any distribution to JSM, the court is unpersuaded that the bankruptcy court opinions the Lenders cite support their request for stay relief. The court presumes that the debtor's effort at reorganization will fail if it cannot reach terms with Marriott before or in connection with the hearing on plan confirmation. But weighing the evidence presented in the context of whether to now grant the Lenders' request for relief from the Sec. 362(a) stay, the court finds that the evidence demonstrates that the debtor continues to have a reasonable probability of successfully reorganizing. The stay imposed by Sec. 362(a) is modified to terminate upon entry of an order by the court denying confirmation of all plans of reorganization filed or last amended no later than December 31, 2025, and the Lenders' subsequent filing of a request that the court enter an order terminating the stay pursuant to this order, accompanied by a proposed order so providing. The Lenders' motion under Sec. 362(d)(2) for relief from the Sec. 362(a) stay is otherwise denied without prejudice. A copy of the Court's Opinion and Order is available at https://urlcurt.com/u?l=gFLsoY About Wisconsin & Milwaukee Hotel Wisconsin & Milwaukee Hotel LLC is a Wisconsin limited liability company with its principal place of business in Milwaukee, Wisconsin. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wisc. Case No. 24-21743) on April 9, 2024. In the petition signed by Mark Flaherty, as manager, the Debtor disclosed up to $50 million in both assets and liabilities. Judge G. Michael Halfenger oversees the case. Michael P. Richman, at RICHMAN & RICHMAN LLC, is the Debtor's legal counsel. ZOLLEGE PBC: Saratoga Investment Marks $1.5MM 1L Loan at 22% Off ---------------------------------------------------------------- Saratoga Investment Corp. has marked its $1,558,038 loan extended to Zollege PBC to market at $1,216,827 or 78% of the outstanding amount, according to Saratoga's Form 10-Q for the quarterly period ended November 30, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a First Lien Term Loan to Zollege PBC. The loan accrues interest at a rate of 4.84% PIK payment in kind per annum. The loan matures on August 9, 2027. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Zollege PBC Zollege PBC operates as a tech-enabled apprenticeship and education company that offers vocational training programs such as dental assistant, medical assistant, nurse, software developer, and cybersecurity specialist programs. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. 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 not guaranteed. 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