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260116.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, January 16, 2026, Vol. 30, No. 16 Headlines 12820 NE: Seeks Chapter 11 Bankruptcy in Florida 1592 BOSTON: Seeks Chapter 11 Bankruptcy in Colorado 1960 DALLAS: Seeks Chapter 11 Bankruptcy in Colorado 2015 PARK STREET: Voluntary Chapter 11 Case Summary 2015 PARK: Court Denies Bid to Use Cash Collateral 224 13726 LLC: Seeks Chapter 7 Bankruptcy in New York 256 BEDFORD AVE: Case Summary & Five Unsecured Creditors 2634 N. JERUSALEM: Seeks Chapter 11 Bankruptcy in New York 3000 E. IMPERIAL: Amends Unsecured Claims Pay Details 544 BEACH 67: Seeks Chapter 11 Bankruptcy in New York 56 BLUEGRASS: Seeks Chapter 7 Bankruptcy in New York 717 SOUTH: Seeks Chapter 11 Bankruptcy in Washington ADVANCE TRANSIT: Amended Glenolden Property Sale to One Remington ADVANCE TRANSIT: To Sell Sharon Hill Property to Mario Montalvo AKTIVATE INC: Seeks $1.4MM DIP Loan from Aktivate Lender and MVS 19 ALPINE CORP: Gets Interim OK to Use Cash Collateral ARAMSCO INC: Credit Suisse Marks $475,000 Loan at 43% Off ARAMSCO INC: Credit Suisse Marks $589,000 Loan at 31% Off ARAMSCO INC: Credit Suisse Virtually Writes Off $970,000 Loan ARDENT PROTECTION: Linda Leali Named Subchapter V Trustee ARTIFICIAL INTELLIGENCE: Highlights Improved 2025 Execution ARTSTOCK: U.S. Trustee Appoints Creditors' Committee ASTRA ACQUISITION: Credit Suisse Marks $350,000 Loan at 90% Off ASTRA ACQUISITION: Credit Suisse Marks $426,000 Loan at 80% Off ASTRA ACQUISITION: Credit Suisse Virtually Writes Off $1.1MM Loan ATLAS CC: Credit Suisse Marks $1.3MM Loan at 42% Off AUGUSTA QUALITY: Paul Schofield Named Subchapter V Trustee AVALON GLOBOCARE: Stockholders OK Board, Auditor at Annual Meeting BEACON MOBILITY: Term Loan Repricing No Impact on Moody's 'B1' CFR BELLA BARBIES: Stephen Metz Named Subchapter V Trustee BELLA CAPRI: U.S. Trustee Unable to Appoint Committee BIG LEVEL: 60-Day Extension for Plan Filing Granted BIG TIME HOUSING: Seeks Chapter 11 Bankruptcy in California BK EAST: Seeks Chapter 11 Bankruptcy in New York BRISTOW GROUP: Moody's Rates New Senior Secured Notes 'Ba3' BRO BIZ: Mark Sharf Named Subchapter V Trustee C.D.S. MOVING: Files Emergency Bid to Use Cash Collateral CARESTREAM HEALTH: Credit Suisse Marks $422,000 Loan at 50% Off CARMEN'S CUBAN: Case Summary & Two Unsecured Creditors CASA ARIZONA: U.S. Trustee Unable to Appoint Committee CAST & CREW: Credit Suisse Marks $1.1MM Loan at 17% Off CHG HEALTHCARE: Moody's Affirms 'B2' CFR, Outlook Remains Stable CLAY STREET: Seeks Cash Collateral Access CLEAR GUIDE: Unsecured Creditors Unimpaired in Plan CM HOMES: Seeks Chapter 7 Bankruptcy in New York COBRA TIRE: U.S. Trustee Unable to Appoint Committee COMPASS COFFEE: Court OKs DIP Loan From National Investment Group CPC ACQUISITION: Credit Suisse Marks $997,000 Loan at 17% Off CREATIVE CHANGE: Case Summary & 20 Largest Unsecured Creditors CREATIVE FOODS: Case Summary & 20 Largest Unsecured Creditors CRYO-1 INC: Seeks Cash Collateral Access CT&C FAB: Brian Rothschild Named Subchapter V Trustee DATAVAULT AI: Registers 7.5MM Shares for IP Rights Acquisition DATAVAULT AI: Signs $250,000 Deal for SanQtum Cybersecurity EDGE DOCUMENT: To Sell Software Business to Software Solutions ENVELOPE 1 INC: U.S. Trustee Unable to Appoint Committee ENVERIC BIOSCIENCES: AdvisorShares Trust Narrows Stake to 1.66% ETEGRA INC: U.S. Trustee Unable to Appoint Committee FIRST BRANDS: Credit Suisse Marks $543,000 Loan at 67% Off FLIPCAUSE INC: Court Orders Appointment of Chapter 11 Trustee FTX TRADING: Genesis Digital Challenges Trust’s $1-Bil. Lawsuit FULLER's SERVICE: Gets Court Nod to Use Cash Collateral GENESIS HEALTHCARE: Lender Seeks Dismissal of Creditor Legal Action GENESIS HEALTHCARE: Two Committee Members Steps Down GRANT THORNTON: Moody's Affirms 'B2' CFR, Outlook Stable GREAT AMERICAN BISTRO: Monique Almy Named Subchapter V Trustee GST INC: U.S. Trustee Appoints Creditors' Committee GT TX LLC: Voluntary Chapter 11 Case Summary HAWKEYE ENTERTAINMENT: Claims to be Paid from Rental Income HERSCHEND ENTERTAINMENT: Moody's Cuts CFR to B1, Outlook Stable HNO INTERNATIONAL: Extends HNOGF Promissory Notes to December HUDSON RIVER TRADING: Moody's Rates New Sec. 1st Lien Term Loan Ba2 INCREDIBLE ESCAPE: Dawn Maguire Named Subchapter V Trustee INTEGRATED ENDOSCOPY: Seeks $725,000 DIP Loan From Insider Lenders JAGUAR HEALTH: Joshua Mailman Holds 8.4% Equity Stake JENKINS STORAGE: Seeks Chapter 11 Bankruptcy in Pennsylvania JJTA1 REAL: Voluntary Chapter 11 Case Summary KBI 2015 GP: Voluntary Chapter 11 Case Summary KIM ENGINEERING: Seeks to Extend Plan Exclusivity to July 10 KISA HOMES: Ryan Richmond Named Subchapter V Trustee LASERSHIP INC: Credit Suisse Marks $1.1MM Loan at 29% Off LASERSHIP INC: Credit Suisse Marks $398,000 Loan at 71% Off LASERSHIP INC: Credit Suisse Marks $487,000 Loan at 27% Off LENDINGTREE INC: Moody's Hikes CFR to B2 & Alters Outlook to Stable LEXDEN MANAGEMENT: U.S. Trustee Unable to Appoint Committee LIGADO NETWORKS: Judge Set to Decide on Inmarsat Satellite Case LINEAR COMPANIES: U.S. Trustee Unable to Appoint Committee LIVING FAITH: U.S. Trustee Unable to Appoint Committee LKM CONVENIENCE: Case Summary & Three Unsecured Creditors LUMINAR TECHNOLOGIES: Pursues Liquidation via Proposed Ch. 11 Plan MADIJAC LLC: Amy Denton Mayer Named Subchapter V Trustee MEDASSETS SOFTWARE: Credit Suisse Marks $575,000 Loan at 14% Off MH SUB I: Credit Suisse Marks $2.7MM Loan at 19% Off MOUNTAIN SPORTS: Bankruptcy Case Nears Confirmation Following Deal MOUNTAIN VISTA: David Stapleton Named Chapter 11 Trustee N & S HOSPITALITY: Gets Extension to Access Cash Collateral NEO ASSETS: Seeks to Use Cash Collateral NEW HEALTH: Seeks 120-Day Extension of Plan Filing Deadline NICKLAUS COMPANIES: Jack Nickalaus Fails to Block $18MM Financing NOBLE PROPERTY: Case Summary & Nine Unsecured Creditors NOR-WES INC: U.S. Trustee Appoints Creditors' Committee NORCOLD LLC: Secures Court OK for Chapter 11 Disclosure Statement NORDICUS PARTNERS: Closes Private Share Offering to 10 Investors NORTH COUNTRY: U.S. Trustee Unable to Appoint Committee NOVATECH FS: Case Summary & Two Unsecured Creditors O.RHYAN CAPITAL: Robert Goe Named Subchapter V Trustee OCEAN PARKWAY: Seeks Chapter 11 Bankruptcy in New York OFFICE PROPERTIES: Recovery for Unsecureds Still to Be Determined OID-OL INTERMEDIATE: Credit Suisse Marks $1.5MM Loan at 15% Off OLD WORLD HOMES: Case Summary & Five Unsecured Creditors OPORTO INVESTMENTS: Seeks Chapter 11 Bankruptcy in Texas PAI PROPERTIES: Case Summary & One Unsecured Creditor PAI PROPERTIES: Seeks Chapter 11 Bankruptcy in Ohio PALMETTO'S SMOKE: Seeks Chapter 7 Bankruptcy in South Carolina PAPPAS PIPING: Gets Interim OK to Use Cash Collateral PATAGONIA HOLDCO: Credit Suisse Marks $1.4MM Loan at 23% Off PATELBUI2 LLC: Seeks Chapter 7 Bankruptcy in Arizona PERATON CORP: Credit Suisse Marks $543,000 Loan at 48% Off PES HOLDINGS: Credit Suisse Virtually Writes Off $2.8MM Loan PLATINUM OILFIELD: Seeks Chapter 7 Bankruptcy in Texas PLEASANT HEIGHTS: Mark Politan Named Subchapter V Trustee PMHC II INC: Credit Suisse Marks $423,000 Loan at 17% Off POLAR US: Credit Suisse Marks $1.7MM Loan at 88% Off POLAR US: Credit Suisse Marks $1MM Loan at 88% Off PPS REALTY: Seeks Chapter 11 Bankruptcy in New Jersey PPW REALTY: Seeks Chapter 11 Bankruptcy in New Jersey PROMETRIC HOLDINGS: Moody's Affirms B2 CFR, Outlook Stable PROSOURCE MACHINERY: Files Amendment to Disclosure Statement PROSPECT MEDICAL: Alleges California Buyer Failed to Pay for Assets PYRAMID CONCRETE: Seeks to Extend Plan Exclusivity to February 9 RAZAGHI DEVELOPMENT: U.S. Trustee Unable to Appoint Committee REBORN COFFEE: Believes to Meet Nasdaq Equity Compliance REBORN COFFEE: Cancels Arena Warrants via Share Exchange RED RIVER: J&J Wants Beasley Allen Removed from NJ Talc Case REDSTONE HOLDCO: Credit Suisse Marks $733,000 Loan at 57% Off RENAISSANCE UNION: Seeks Chapter 11 Bankruptcy in New York RESULTS PLUS: Seeks Chapter 11 Bankruptcy in Florida ROCK REGIONAL: To Close Permanently After Chapter 11 Filing ROCKY MOUNTAIN: Voluntary Chapter 11 Case Summary ROGA PROPERTIES: Seeks Chapter 11 Bankruptcy in Arizona RONALD JINSKY: Has Deal on Cash Collateral Access ROYALE ENERGY: Names Jonathan Gregory as Executive Chairman SAKS GLOBAL: Cohen Weiss Represents UFCW and SEIU Groups SCENIC CITY: Seeks to Extend Plan Exclusivity to July 29 SCHAEFER RECOGNITION: SRMG Unsecureds to Split $16K over 36 Months SERTA SIMMONS: Credit Suisse Marks $2.1MM Loan at 90% Off SHRI RADHA: Voluntary Chapter 11 Case Summary SIESTA HOSPITALITY: Kathleen DiSanto Named Subchapter V Trustee SINGH BROS: Seeks to Extend Plan Exclusivity to March 13 SK NEPTUNE: Credit Suisse Virtually Writes Off $1.085MM Loan SKYX PLATFORMS: Dov Shiff Holds 13.2% Equity Stake SMITH HOSPITALITY: Judy Wolf Weiker Named Subchapter V Trustee SOH HOLDINGS: Moody's Assigns First Time 'B2' Corp. Family Rating SONRAVA HEALTH: Credit Suisse Marks $1.2MM Loan at 81% Off SOUTHAVEN AVE: Seeks Chapter 11 Bankruptcy in New York SPIRIT AIRLINES: Wants to Stop Securities Lawsuit Against Execs STAKEHOLDER MIDSTREAM: Moody's Withdraws B2 CFR on Debt Redemption STANLEY UTILITY: Gets Final OK to Use Cash Collateral STEINMETZ PLUMBING: Tom Howley Named Subchapter V Trustee TIFARET DISCOUNT: Unsecureds Will Get 10% of Claims in Plan TMT GROUP: Richard Furtek Named Subchapter V Trustee TRICOLOR AUTO: Ex-COO, Founder Plead Not Guilty to Fraud TRU LEASE: Case Summary & 20 Largest Unsecured Creditors TVT HOLDINGS: Sylvia Mayer Named Subchapter V Trustee UNI SYSTEMS: Chapter 15 Case Summary VERASTEM INC: Polar Capital Entities Hold 5.09% Stake VITAL DENTAL: Voluntary Chapter 11 Case Summary VITAL ENERGY: Moody's Raises CFR to Ba3 & Alters Outlook to Stable WATERLOO AFFORDABLE: U.S. Trustee Unable to Appoint Committee WOOF HOLDINGS: Credit Suisse Marks $450,000 Loan at 63% Off ZOMEGA LLC: Seeks Chapter 7 Bankruptcy in Washington [] Jessica Lauria Leaves White & Case, Starts New Firm ********* 12820 NE: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------ On January 9, 2026, 12820 Ne 4th Avenue Inc. filed for Chapter 11 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 million in debt owed to between one and 49 creditors. About 12820 Ne 4th Avenue Inc. 12820 Ne 4th Avenue Inc. operates as a real estate holding and property management company. 12820 Ne 4th Avenue Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10181) on January 9, 2026. In its petition, the debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1 million. Honorable Laurel M. Isicoff is presiding over the case. The debtor is represented by Richard Siegmeister, Esq. 1592 BOSTON: Seeks Chapter 11 Bankruptcy in Colorado ---------------------------------------------------- On January 9, 2026, 1592 Boston Street LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the debtor reports between $1 million and $10 million in debt owed to between one and 49 creditors. About 1592 Boston Street LLC 1592 Boston Street LLC is a real estate holding company. 1592 Boston Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10135) on January 9, 2026. In its petition, the debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Thomas B. McNamara is presiding over the case. The debtor is represented by Steven T. Mulligan, Esq., of Coan, Payton & Payne, LLC. 1960 DALLAS: Seeks Chapter 11 Bankruptcy in Colorado ---------------------------------------------------- On January 9, 2026, 1960 Dallas Street LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the debtor reports between $1 million and $10 million in debt owed to approximately 1 to 49 creditors. About 1960 Dallas Street LLC 1960 Dallas Street LLC is a single asset real estate company. 1960 Dallas Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10134) on January 09, 2026. In its petition, the debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. The case is assigned to Honorable Thomas B. McNamara. The debtor is represented by Steven T. Mulligan, Esq., of Coan, Payton & Payne, LLC. 2015 PARK STREET: Voluntary Chapter 11 Case Summary --------------------------------------------------- Debtor: 2015 Park Street, LP The Park Apartments Attn: Manager, the Park Apartments 4040 Schanen Blvd Corpus Christi, TX 78413 Business Description: 2015 Park Street, LP, doing business as The Park Apartments, owns and operates a residential apartment community in Corpus Christi, Texas, offering one-, two-, and three-bedroom rental units. The property provides pet-friendly, smoke-free apartments with standard residential features such as kitchens and private patios or balconies, and includes shared amenities such as a swimming pool and outdoor common areas. The community is managed on site and serves the local multifamily housing market. Chapter 11 Petition Date: January 6, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-20003 Debtor's Counsel: Nathaniel Peter Holzer, Esq. 711 N. Carancahua St. Ste 1700 Corpus Christi TX 78401 Tel: (361) 563-6175 E-mail: Pete@npholzerlaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $1 million to $10 million The petition was signed by Clyde Nazareth as president of General Partner. 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/A45VESA/2015_Park_Street_LP__txsbke-26-20003__0001.0.pdf?mcid=tGE4TAMA 2015 PARK: Court Denies Bid to Use Cash Collateral -------------------------------------------------- 2015 Park Street L.P. failed to get approval from the U.S. Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, to use its cash collateral. The bankruptcy court denied in its entirety the Debtor's motion to use cash collateral to fund its operations. The Debtor filed its second Chapter 11 case on January 6, primarily to halt an imminent foreclosure by secured lender, Fannie Mae, and its servicing agent, Wells Fargo Bank. Fannie Mae is the sole creditor claiming an interest in the cash collateral. The Debtor relied on binding mortgage loan commitments from Tower Fund Capital to refinance its property for $8.4 million -- sufficient to pay Fannie Mae in full -- but Tower Fund Capital abruptly breached those commitments in late December 2025, leaving foreclosure imminent. Fannie Mae, as secured lender, is represented by: Clay Taylor, Esq. Dentons US, LLP 100 Crescent Court, Suite 900 Dallas, TX 75201 Tel: (214) 259-0900 clay.taylor@dentons.com -and- Jill Nicholson, Esq. Jasmine Reed, Esq. Dentons US, LLP 233 S. Wacker Drive, Suite 5900 Chicago, IL 60606 Tel: (312) 876-8000 jill.nicholson@dentons.com jasmine.reed@dentons.com About 2015 Park Street LP 2015 Park Street LP owns and operates a park in Corpus Christi, Texas offering a picturesque setting close to Corpus Christi Bay and the scenic Oso Beach Municipal Golf Course. The Park also offers a range of rental options to suit diverse lifestyles. 2015 Park Street LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-20183) on July 1, 2024. In the petition filed by Clyde Nazareth, as president of General Partner, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Nathaniel Peter Holzer, Esq. 224 13726 LLC: Seeks Chapter 7 Bankruptcy in New York ----------------------------------------------------- 224 13726 LLC filed a voluntary Chapter 7 bankruptcy petition on January 09, 2026, in the U.S. Bankruptcy Court for the Eastern District of New York. Court records show the company has assets and liabilities ranging from $1MM to $10MM, with 1–49 creditors. About 224 13726 LLC 224 13726 LLC is a single asset real estate company. 224 13726 LLC commenced proceedings under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70102) on January 09, 2026. The filing lists estimated assets of $1MM–$10MM and estimated liabilities of $1MM–$10MM. The case is assigned to Bankruptcy Judge Alan S. Trust. 256 BEDFORD AVE: Case Summary & Five Unsecured Creditors -------------------------------------------------------- Debtor: 256 Bedford Ave LLC 720 East 91st Street Brooklyn, NY 11236 Business Description: 256 Bedford Ave LLC holds fee simple ownership of two Brooklyn, New York properties -- 720 East 91st Street and 1015 East 103rd Street -- together valued at $1.7 million. Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-40188 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Vivian Sobers, Esq. SOBERS LAW PLLC 11 Broadway Suite 615 New York, NY 10004 Tel: (917) 225-4501 Email: vsobers@soberslaw.com Total Assets: $1,976,588 Total Liabilities: $2,025,000 Adler Milord signed the petition as managing member. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/CIKM7FQ/256_Bedford_Ave_LLC__nyebke-26-40188__0001.0.pdf?mcid=tGE4TAMA 2634 N. JERUSALEM: Seeks Chapter 11 Bankruptcy in New York ---------------------------------------------------------- On January 13, 2026, 2634 N. Jerusalem Road Corp. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $0 and $100,000 in debt owed to between one and 49 creditors. About 2634 N. Jerusalem Road Corp. 2634 N. Jerusalem Road Corp. is a real estate holding and property management company. 2634 N. Jerusalem Road Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70165) on January 13, 2026. In its petition, the debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $0 to $100,000. Honorable Sheryl P. Giugliano is presiding over the case. The debtor is represented by Heath S. Berger, Esq., of BFSNG Law Group, LLP. 3000 E. IMPERIAL: Amends Unsecured Claims Pay Details ----------------------------------------------------- 3000 E. Imperial, LLC and affiliates submitted a Second Amended Disclosure Statement describing Joint Second Amended Plan of Liquidation dated January 9, 2026. The Plan is a liquidating plan. Claims will be paid under two waterfall priority schemes, one for the 3000 Imperial's claimants (under which the PMR Debtors are a Class 5B claimant) and one for the PMR Debtors' claimants. The Plan contemplates a distribution to creditors as follows. First, Allowed Claims against 3000 Imperial will be paid from (i) 3000 Imperial's cash on hand (approximately $1.527 million as of January 9, 2026), (ii) any 3000 Net Litigation Proceeds recovered on account of claims held by 3000 Imperial, including potential avoidance actions, and (iii) net proceeds, after payment of all costs of sale and pro-rated taxes, of the sale ("Net Sale Proceeds") of the following real properties ("Properties") owned by 3000 Imperial: * 3000 E. Imperial Hwy., Lynwood, California ("3000 Property"); and * Vacant lot located at 2949 E. Imperial Hwy., Lynwood, California, APN 6170- 020-012 ("Lot Property"). The 3000 Available Funds will be distributed in accordance with the priority scheme set forth herein. Pursuant to Court-approved settlement agreement with Litigation Claimants, notwithstanding any other provisions set forth herein, fifty percent of 3000 Net Litigation Proceeds will be distributed directly to 3000 Debtor's Allowed Class 5 creditors, pro rata based upon the Allowed Class 5 claim amounts, and fifteen percent of Net Sale Proceeds will be distributed directly to 3000 Debtor's Allowed Class 5 creditors to be paid pro rata based upon the total combined value of those creditors' Allowed Class 4 and 5 claims or interests (collectively, the "Class 5 Carve-Out Funds"). In the event the Lot Property is sold first, Second, with the exception of PMR Administrative Claims, Allowed Claims of the PMR Debtors will be paid from (i) the PMR Debtors' cash on hand (if any) and (ii) amounts received on account of the PMR Debtors' claims against the 3000 Imperial Debtor for outstanding promissory notes to be paid as Class 5B subordinated claims in the 3000 Imperial Debtor's waterfall (collectively, "PMR Available Funds"). The Properties will be marketed for sale with a proposed sale occurring no later than seven months after the Effective Date. While the ultimate purchase price for the Properties depends on multiple variables, one of the biggest variables is whether the Properties' previously obtained entitlements remained valid. The Debtors' professionals have worked with City officials to confirm that certain, valuable entitlements do remain valid on the Properties. Those entitlements consist of a Specific Plan amendment and a site plan approval to develop 348 rental units and approximately 26,400 square feet of retail and restaurant uses within a six-story podium-style building. Based on professional analysis, the entitlements will remain valid until May 2, 2028, and may be extended to May 2, 2033. With the entitlements still intact, a future buyer can proceed directly to the grading and construction phase with a reasonably certain process and outcome. Given the inherent uncertainties associated with marketing and selling real property, the Debtors have provided two distribution scenarios that take into account the potential lower and upper range of potential sale proceeds to be distributed by the Liquidating Trustee. Class 2 consists of PMR Debtors Priority General Unsecured Claims. The allowed unsecured claims total $90,575.16. To the extent there are PMR Available Funds, Allowed Class 2 claims will be paid pro rata or, if possible, in full within the latter of (i) 120 days of the sale of the Properties. and (ii) final resolution and determination as to the amount of the Litigation Claimants' arbitration claims. Class 3 consists of PMR Debtors General Unsecured Claims Less than $25,000. To the extent there are PMR Available Funds, Allowed Class 3 Claims will be paid pro rata or, if possible, in full within the latter of (i) 120 days of the sale of the Properties. and (ii) final resolution and determination as to the amount of the Litigation Claimants' arbitration claims. Class 4 consists of PMR Debtors General Unsecured Claims. To the extent there are remaining PMR Available Funds, Allowed Class 4 Claims will share pro rata. Litigation Claimants will share pro rata based upon the amount of their total claim allocated as an Allowed General Unsecured Claim, less any payments received from 3000 Imperial on account of their Allowed General Unsecured Claim. Under no circumstances shall the total Plan distributions from all Debtors to each Litigation Claimant exceed each claimant's total Arbitration Claim. Allowed Class 4 Claims will be paid, if possible, within the latter of (i) one-hundred twenty days of the sale of the Properties and (ii) final resolution and determination as to the amount of the Litigation Claimants' arbitration claims. The Plan is a liquidating Plan. Payments due under the Plan from 3000 Imperial will be made from 3000 Imperial's cash on hand of approximately $1.527 million (as of January 9, 2026); (ii) the 3000 Net Litigation Proceeds (if any), and (iii) the Net Sale Proceeds from the sale of the Properties. Payments due under the Plan from the PMR Debtors will be paid from (i) the PMR Debtors' cash on hand (if any), (ii) amounts received from 3000 Imperial on account of the PMR Debtors subordinated Class 5B claims, and (iii) the PMR Net Litigation Proceeds (if any). A full-text copy of the Second Amended Disclosure Statement dated January 9, 2026 is available at https://urlcurt.com/u?l=eF19Er from PacerMonitor.com at no charge. Counsel to the Debtors: Jeffrey I. Golden, Esq. Golden Goodrich LLP 3070 Bristol Street, Suite 640 Costa Mesa, California 92626 Telephone: (714) 966-1000 Facsimile: (714) 966-1002 About 3000 E. Imperial LLC 3000 E. Imperial LLC is a real estate holding company that manages commercial property in Buena Park, California. 3000 E. Imperial LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11912) on July 14, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtor is represented by Jeffrey I. Golden, Esq., at Golden Goodrich LLP. 544 BEACH 67: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------------- On January 8, 2026, 544 Beach 67 St 18 LLC filed for Chapter 11 protection in the Eastern District of New York bankruptcy court. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About 544 Beach 67 St 18 LLC 544 Beach 67 St 18 LLC is a New York–based real estate holding company. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40112) on January 8, 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 Jil Mazer-Marino handles the case. 56 BLUEGRASS: Seeks Chapter 7 Bankruptcy in New York ---------------------------------------------------- On January 09, 2026, 56 Bluegrass LLC entered Chapter 7 bankruptcy in the Eastern District of New York. The Debtor reports assets and liabilities both in the range of $100,001 to $1,000,000, with 1–49 creditors included in the filing. About 56 Bluegrass LLC 56 Bluegrass LLC is a limited liability company. 56 Bluegrass LLC filed under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70097) on January 09, 2026. According to its petition, the company lists estimated assets of $100,001–$1,000,000 and estimated liabilities of $100,001–$1,000,000. The matter is overseen by Honorable Chief Bankruptcy Judge Alan S. Trust. 717 SOUTH: Seeks Chapter 11 Bankruptcy in Washington ---------------------------------------------------- RKConsultants reports that 717 South Michigan, LLC filed a voluntary Chapter 11 petition on January 8, 2026, in the Western District of Washington. The Seattle-based commercial real estate holding company is seeking court protection to restructure its operations and liabilities. The Debtor's main asset is a commercial warehouse and office building at 717 South Michigan Street in Seattle's Georgetown neighborhood, which serves as the home of the Seattle Seafood Center. The company also owns interests in a Chicago mixed-use project that includes the 274-room Le Méridien Essex Chicago and the 479-unit Essex on the Park luxury apartment tower, according to report. The filing comes after a court dismissed a previous involuntary Chapter 7 petition, finding it had been filed in bad faith by certain creditors. Under its Chapter 11 strategy, the company plans to stabilize its Seattle operations, complete a planned taproom and restaurant build-out, and resolve remaining unsecured creditor claims, the report states. About 717 South Michigan, LLC 717 South Michigan, LLC is a Seattle-based commercial real estate holding company. 717 South Michigan, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-10045) on January 8, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Christopher M. Alston handles the case. ADVANCE TRANSIT: Amended Glenolden Property Sale to One Remington ----------------------------------------------------------------- Advance Transit Mix Inc. seeks permission from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania, in amended motion to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor was a ready-mix concrete Pennsylvania corporation with an initial registered office address of 613 Oak Lane and a principal place of business address of 607 Oak Lane and Quarry Street in Glenolden, Pennsylvania 19036. The Debtor is the owner of several parcels of real property. On April 25, 2022, Dante J. Panichi Jr., principal of the Debtor, died intestate. On December 2, 2022, the Estate of Dante J. Panichi Jr. was admitted to probate and Anna Panichi was appointed the Administratrix of the Estate. In the late summer of 2023, the Advance Transit Mix Inc. plant closed and the Debtor ceased operations. Peter Barsz was appointed Receiver for Advance Transit Mix Inc. on September 20, 2023 and, at the time of the Receiver's appointment, the Debtor was closed to the public, no longer operating or producing concrete, and had no employees. On November 6, 2025, the Court entered the Order Approving the sale of the Property, allowing the Debtor and the Estate to move forward with the sale of the real property to the Buyer, One Remington LLC, together with all improvements located, including a 23,970 square foot structure on 2.46 acres, with a common address of 8 Groce Avenue, Glenolden, PA 19036, 0 and 950 Hopkins Avenue, as well as 202 and 204 Academy Avenue, all located in the City of Glenolden, County of Delaware and State of Pennsylvania. After the entry of the Sale Order, the Buyer began its due diligence in earnest, which revealed several issues for which the Buyer sought a reduction in the purchase price from $2,550,000 to $2,100,000. Given the issues raised by the Buyer, the Debtor believes that the purchase price of $2,100,000 for the Property is fair and reasonable in all respects and is in the best interest of the bankruptcy estate. At the hearing on the Motion, the Debtor will entertain any and all higher and better offers, should any exceed $2.100,000, in good faith. The Debtor submits that the proposed Amendment negotiated with the Buyer remains a sale in good faith and for fair value. The Debtor has determined that the Amendment to the Agreement is appropriate and in the best interest of its estate and all parties in interest. https://urlcurt.com/u?l=Et67uq About Advance Transit Mix Inc Advance Transit Mix Inc. supplies ready-mixed concrete for construction projects in Glenolden, Pennsylvania. The Company operates a fleet of trucks for intrastate transport and serves clients across the region. Advance Transit Mix Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-12082) on May 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Patricia M Mayer handles the case. The Debtors are represented by Albert A. Ciardi, III, Esq. at CIARDI CIARDI AND ASTIN. ADVANCE TRANSIT: To Sell Sharon Hill Property to Mario Montalvo --------------------------------------------------------------- Advance Transit Mix Inc. seeks permission from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor was a ready-mix concrete Pennsylvania corporation with an initial registered office address of 613 Oak Lane and a principal place of business address of 607 Oak Lane and Quarry Street in Glenolden, Pennsylvania 19036. The Debtor is the owner of several parcels of real property. On April 25, 2022, Dante J. Panichi Jr., principal of the Debtor, died intestate. On December 2, 2022, the Estate of Dante J. Panichi Jr. was admitted to probate and Anna Panichi was appointed the Administratrix of the Estate. In the late summer of 2023, the Advance Transit Mix Inc. plant closed and the Debtor ceased operations. Peter Barsz was appointed Receiver for Advance Transit Mix Inc. on September 20, 2023 and, at the time of the Receiver's appointment, the Debtor was closed to the public, no longer operating or producing concrete, and had no employees. The Debtor's Property is comprised of appurtenances pertaining thereto located in 1470 Linden Avenue, Sharon Hill, Pennsylvania, Delaware County, 19079. The Debtor wants to sell the Property to Mario Montalvo or his corporate nominee. In January 2026, the Debtor and the Estate entered into the Agreement with the Buyer to purchase the Property for $1,575,000. The Sale shall be conducted pursuant to a private sale subject to higher and better offers, analyzed on a net benefit to the debtor's bankruptcy estate. The Sale of the Property will be on "as is-where is" basis, with all faults, and without any representations or warranties of any kind, express or implied, including, without limitation, warranties of merchantability or fitness for a particular purpose. The Debtor believes that the purchase price is fair and reasonable in all respects and is in the best interest of the bankruptcy estate. The Debtor requests that the Court authorize the Sale of the Property free and clear of all liens, claims, encumbrances, and other interests. About Advance Transit Mix Inc Advance Transit Mix Inc. supplies ready-mixed concrete for construction projects in Glenolden, Pennsylvania. The Company operates a fleet of trucks for intrastate transport and serves clients across the region. Advance Transit Mix Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-12082) on May 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Patricia M Mayer handles the case. The Debtors are represented by Albert A. Ciardi, III, Esq. at CIARDI CIARDI AND ASTIN. AKTIVATE INC: Seeks $1.4MM DIP Loan from Aktivate Lender and MVS 19 ------------------------------------------------------------------- Aktivate, Inc., doing business as FamX, asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and obtain post-petition financing. The Debtor requests authority to access a $1.4 million DIP facility, now structured as two pari passu loans: a $450,000 interim loan from Aktivate Lender I, LLC -- an entity formed by former board member Michael Raskin -- and a $950,000 loan from MVS 1946 Tech Issuer Limited, to be approved on a final basis. The interim loan does not prime the pre-petition liens of Western Alliance Bank or Summit SLS, LLC, while the full DIP facility is designed to remain junior to the bank's lien and provide adequate protection through replacement liens, superpriority claims, and monthly interest payments. The DIP facility is due and payable on the earlier to occur of (i) March 31, 2027, subject to further extension as may be agreed to in writing by the DIP lender, or (ii) the occurrence of the effective date of any plan of reorganization or liquidation in the Chapter 11 case. Commencing on April 10, 2026, the Debtor will begin repayment of $250,000.00 of principal as set forth in the DIP Loan Agreement. The remaining $1,150,000 of principal, together with all accrued but unpaid interest, fees, costs, and expenses, will be due and payable in full on the maturity date. Aktivate emphasizes that the financing is critical to preserve operations, maintain enterprise value, and support an orderly restructuring, particularly because it urgently needs liquidity to remit hundreds of thousands of dollars in fundraising proceeds owed to school customers, funds that have been frozen post-petition by the bank. The Debtor describes its business, corporate structure, asset acquisitions, and capital history, including secured debt to Western Alliance Bank and subordinated secured debt to SLS, most convertible and SAFE obligations having converted to equity pre-petition. The Debtor operates the FamX platform, which schools use to manage athletic registrations, compliance, payments, and fundraising. Over time, the Debtor positioned itself as a vertically integrated technology provider for school athletics, emphasizing compliance, transparency, and centralized financial handling as core value propositions. The Debtor's growth strategy relied heavily on acquisitions. It expanded by purchasing complementary businesses in the high school athletics and activities space, including software platforms and service providers that handled registrations, ticketing, fundraising, and compliance. These acquisitions were intended to create a single, unified ecosystem for schools but also introduced integration challenges, overlapping costs, and increased operational complexity. Some acquired entities required continued investment to align technology stacks and business processes, placing ongoing pressure on liquidity. Aktivate's capital structure prior to bankruptcy consisted of a mix of secured debt, subordinated debt, and equity. Western Alliance Bank served as the senior secured lender, holding a first-priority lien on substantially all assets. Summit SLS, LLC held a subordinated secured position. In addition, the Debtor raised capital through SAFEs and convertible notes, most of which converted to equity before the Chapter 11 filing, significantly diluting earlier shareholders but reducing balance-sheet debt. Pre-petition financing also included venture-style equity infusions and bridge funding to support acquisitions and working capital. Despite these efforts, slower-than-expected integration benefits, rising operating costs, and restricted access to cash—particularly funds held on behalf of schools—strained liquidity and ultimately led the Debtor to seek Chapter 11 protection and debtor-in-possession financing. A copy of the motion is available at https://urlcurt.com/u?l=FBZQWi from PacerMonitor.com. Western Alliance Bank is represented by: Jacqulyn S. Loftin, Esq. Ruskin Moscou Faltischek, P.C. 1425 RXR Plaza, 15th Floor Uniondale, NY 11556-1425 Tel: 516.663.6600 jloftin@rmfpc.com Summit SLS is represented by: Salvatore LaMonica, Esq. LaMonica Herbst & Maniscalco, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Tel: (516) 826-6500 sl@lhmlawfirm.com About Aktivate Inc. Aktivate, Inc., doing business as FamX, provides a sports and activities management platform primarily for K-12 schools and athletic programs in the US, offering tools for registration, scheduling, communications, fundraising, and fee collection, and digital management of coach certifications and athlete records. Aktivate filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. Case No. 25-46069) on December 19, 2025. In its petition, the Debtor reported assets of $1 million to $10 million and liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Ian Braunstein, Esq., at Iemer & Braunstein, LLP. ALPINE CORP: Gets Interim OK to Use Cash Collateral --------------------------------------------------- Alpine Corporation got the green light from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral. At the recent hearing, the court authorized the Debtor's interim use of cash collateral and scheduled the next hearing for January 20. The Debtor needs to use cash collateral to pay its ordinary and necessary operating expenses. The Debtor grew from a regional wholesale distributor to a national importer and distributor serving major retailers, online platforms, and direct-import customers across the U.S., designing and supplying fountains, farm décor, and outdoor holiday décor. At its peak, the Debtor employed approximately 80 full-time equivalents and sourced products primarily from Asia, operating from leased facilities in City of Industry, Simi Valley, and City of Commerce, California. During the COVID-19 pandemic, the Debtor experienced significant growth, reaching approximately $72 million in annual revenue, supported by an expanded $20 million loan from Israel Discount Bank of New York for inventory, warehousing, and staffing. Post-pandemic, however, consumer demand shifted toward services, retailers reduced orders, supply chain costs increased, and macroeconomic pressures—including inflation, tariffs, and rising interest rates—reduced liquidity and operating margins, causing revenues to decline to around $30 million annually. To preserve operations, the Debtor implemented cost-cutting measures including consolidating locations, rejecting burdensome leases, reducing marketing spend, restructuring management and finance functions, and instituting strict purchasing controls. The principal, Robby Soofer, contributed approximately $2 million in unsecured loans to fund payroll, suppliers, and operational shortfalls. The Debtor has one secured creditor, IDB Bank, holding a term loan of $159,598 and a revolving line of credit of $14,107,958, secured by substantially all of the Debtor’s personal property, with collateral valued at approximately $16.7 million, including accounts receivable, inventory, equipment, furniture, and goodwill. The Debtor also obtained loans from three Hard Money Lenders—Samson MCA LLC, 968 W Veterans Realty, LLC, and GBR Funding West, Inc.—with security interests in future accounts; these liens, however, were filed during the 90-day preference period and are avoidable. The Debtor offers to provide IDB Bank with replacement liens on post-petition assets to ensure adequate protection. About Alpine Corporation Alpine Corporation founded in 1999 and based in California, designs, imports, and distributes home, garden, and holiday products, offering a range that includes outdoor lighting, fountains, planters, garden decor, seasonal items, and innovative new products such as Bluetooth speakers. The Company operates an in-house design team known for producing decorative and functional pieces, and maintains a global sourcing operation to ensure quality, competitive pricing, and timely delivery. Alpine serves both retail stores and online customers through its platform, positioning itself in the home and garden products industry. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10067) on January 5, 2026. In the petition signed by Robby Soofer, president, the Debtor disclosed $18,816,855 in total assets and $25,958,701 in total liabilities. Judge Neil W. Bason oversees the case. Michael S. Kogan, Esq., at KOGAN LAW FIRM, APC, represents the Debtor as legal counsel. ARAMSCO INC: Credit Suisse Marks $475,000 Loan at 43% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $475,000 loan extended to Ascend Performance Materials Operations LLC to market at $270,159 or 57% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Ascend Performance Materials Operations LLC. The loan accrues interest at a rate of 14.116% per annum. The loan matures on November 24, 2025. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Ascend Performance Materials Operations LLC Ascend Performance Materials Operations LLC manufactures and distributes chemical products. The Company offers nylon plastics, chemicals, polymers, and fibers. Ascend Performance Materials Operations serves customers in automotive, apparel, packaging, electronics, and various other markets throughout the world. ARAMSCO INC: Credit Suisse Marks $589,000 Loan at 31% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $589,000 loan extended to ARAMSCO, Inc. to market at $405,161 or 69% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to ARAMSCO, Inc. The loan accrues interest at a rate of 8.752% per annum. The loan matures on October 10, 2030. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About ARAMSCO, Inc. Aramsco, Inc. operates as a protective equipment and specialist chemicals distributor. The Company offers restoration, remediation, surface preparation, janitorial, sanitation, traffic safety, as well as provides stone fabrication, professional cleaning, support, and training. Aramsco serves customers in the United States and Canada. ARAMSCO INC: Credit Suisse Virtually Writes Off $970,000 Loan ------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $970,000 loan extended to Ascend Performance Materials Operations LLC to market at $14,855 or 2% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Ascend Performance Materials Operations LLC. The loan accrues interest at a zero interest per annum. The loan matures on August 27, 2026. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Ascend Performance Materials Operations LLC Ascend Performance Materials Operations LLC manufactures and distributes chemical products. The Company offers nylon plastics, chemicals, polymers, and fibers. Ascend Performance Materials Operations serves customers in automotive, apparel, packaging, electronics, and various other markets throughout the world. ARDENT PROTECTION: Linda Leali Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Linda Leali, Esq., as Subchapter V trustee for Ardent Protection, LLC. Ms. Leali will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Leali declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Linda M. Leali Linda M. Leali, P.A. 2525 Ponce De Leon Blvd., Suite 300 Coral Gables, FL 33134 Telephone: (305) 341-0671, ext. 1 Facsimile: (786) 294-6671 Email: leali@lealilaw.com About Ardent Protection LLC Ardent Protection LLC, doing business as Ardent World Services, LLC, provides security and protection services in Florida, including guard services, executive protection, event security, and fire watch. The Company serves clients across multiple industries and operates in the private security services sector. Ardent Protection was founded by a former law enforcement and executive protection professional and focuses on standardized training, operational oversight, and workforce development. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10122) on January 7, 2026, with $156,046 in assets and $1,889,980 in liabilities. Darryl M. Johnson, manager, signed the petition. Robert A. Gusrae, Esq., at the Law Office of Robert A. Gusrae Esq represents the Debtor as bankruptcy counsel. ARTIFICIAL INTELLIGENCE: Highlights Improved 2025 Execution ----------------------------------------------------------- Artificial Intelligence Technology Solutions, Inc. provided a year-end corporate update reflecting on 2025 execution, market conditions, and the Company's strategic positioning entering 2026. Focus on Execution, Team, and Customers: Throughout 2025, AITX remained focused on its core priorities: supporting its team, delivering value to customers, maintaining product quality and reliability, advancing sales execution, and investing in targeted research and development. As many enterprise technology providers experienced in 2025, AITX operated within a challenging macroeconomic environment marked by inflationary pressures, elongated purchasing cycles, and delayed capital spending decisions across multiple sectors. Despite these conditions, the Company maintained operational continuity, preserved its team and culture, advanced its product portfolio, and finished the year with improving sales momentum. The Company ended the calendar year with approximately 115 team members across its global organization. AITX also continued to expand its global footprint and is evaluating additional international office locations to support future growth and talent mobility. AITX maintained a strong focus on customer satisfaction. Client feedback throughout the year reinforced the value of the Company's AI-enabled security platforms, responsiveness, and willingness to collaborate on evolving operational needs. Management believes this customer-centric approach continues to support long-term retention and expansion opportunities. Sales Progress and Market Momentum: While overall revenue performance in early 2025 did not meet initial internal expectations, the Company saw improved sales execution in the second half of the year. AITX onboarded new enterprise customers, expanded deployments with existing clients, and continued to build a diversified sales pipeline entering 2026. Management noted that sales activity during the latter part of the year, including year-end and holiday-period orders, provided encouraging signals regarding customer demand and market engagement. Product Portfolio and Technology Roadmap: AITX continued to invest selectively in its technology ecosystem during 2025, with a focus on scalability, reliability, and margin efficiency. Key areas of emphasis included SARA(TM), ROAMEO(TM), ROSA(TM), RIO(TM), AVA(TM), RADCam(TM), and early development work on next-generation hardware under the RAD Gen5 initiative. Financial Discipline and Alignment: AITX continued to operate with financial discipline throughout 2025, managing costs while maintaining investment in key growth initiatives. The Company is preparing updates to its employee stock option plan designed to better align team incentives with long-term shareholder value creation. Looking Ahead: Entering 2026, the Company is supported by a stabilized team, improving sales traction, and a focused product roadmap. "2025 was not an easy year for many technology companies, and we were not immune to those challenges," said Steve Reinharz, CEO/CTO and founder of AITX. "What mattered most was maintaining our team, supporting our customers, and building the foundation for long-term success." "Execution improved meaningfully as the year progressed," Reinharz added. "We are entering 2026 focused, disciplined, and positioned to translate effort into results." About Artificial Intelligence Technology Headquartered in Ferndale, Mich., Artificial Intelligence Technology Solutions Inc. provides artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges, and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, allowing experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced costs. AITX solutions are well-suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. As of August 31, 2025, the Company had $9.53 million in total assets, $56.41 million in total liabilities, and a total stockholders' deficit of $47 million. Deer Park, Ill.-based L J Soldinger Associates, LLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated May 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, citing that the Company had negative cash flow from operating activities of approximately $12.2 million, an accumulated deficit of approximately $156.5 million and negative working capital of approximately $2.5 million as of and for the year ended February 28, 2025, which raises substantial doubt about its ability to continue as a going concern. ARTSTOCK: U.S. Trustee Appoints Creditors' Committee ---------------------------------------------------- The U.S. Trustee for Region 1 appointed an official committee to represent unsecured creditors in the Chapter 11 case of Artstock. The committee members are: 1. Golden Artist Colors, Inc. c/o Alan Livelsberger 188 Bell Road New Berlin, NY 13411 Email: alivelsberger@goldenpaints.com Phone: 607-847-6154 2. Royal Talens North America, Inc. c/o Caryl Schivley 30 Industrial Drive Northampton, MA 01060 Email: c.schivley@royaltalens.com Phone: 413-727-5841 3. SLS Arts, Inc. c/o Andrew Kimball 5524 Mounes Street New Orleans, LA 70123 Email: andrew@slsarts.com Phone: 504-207-0622 4. Masterpiece Artist Canvas, LLC c/o John Sooklaris 826 Orange Ave., #111 San Diego, CA 92118 Email: john@masterpiecearts.com Phone: 619-710-2500 5. Gamblin Artist Colors c/o Peter E.S. Cole 717 N Haystack Mountain Dr Heber City, UT 84032 Email: pete@gamblincolors.com Phone: 503-459-6543 Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Artstock Artstock, doing business as Artist & Craftsman Supply, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Me. Case No. 25-20305) on December 23, 2025, listing between $10 million and $50 million in both assets and liabilities. Judge Hon. Peter G Cary oversees the case. The Debtor is represented by: D. Sam Anderson, Esq. Bernstein Shur Sawyer & Nelson Tel: 207-774-1200 Email: sanderson@bernsteinshur.com Adam R. Prescott, Esq. Bernstein Shur Sawyer & Nelson, PA Tel: 207-228-7145 Email: aprescott@bernsteinshur.com ASTRA ACQUISITION: Credit Suisse Marks $350,000 Loan at 90% Off --------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $350,000 loan extended to Astra Acquisition Corp. to market at $35,138 or 10% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Astra Acquisition Corp. The loan accrues interest at zero percent per annum. The loan matures on April 1, 2026. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Astra Acquisition Corp. Astra Acquisition Corp. operates as a private equity company. The Company serves investors in the United States. ASTRA ACQUISITION: Credit Suisse Marks $426,000 Loan at 80% Off --------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $426,000 loan extended to Astra Acquisition Corp. to market at $83,115 or 20% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Astra Acquisition Corp. The loan accrues interest at zero percent per annum. The loan matures on February 25, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Astra Acquisition Corp. Astra Acquisition Corp. operates as a private equity company. The Company serves investors in the United States. ASTRA ACQUISITION: Credit Suisse Virtually Writes Off $1.1MM Loan ----------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,193,000 loan extended to Astra Acquisition Corp. to market at $13,973 or 1% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Astra Acquisition Corp. The loan accrues interest at zero percent per annum. The loan matures on October 25, 2028. "Bond is currently in default, a non-income producing security, and illiquid security." said the Fund. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Astra Acquisition Corp. Astra Acquisition Corp. operates as a private equity company. The Company serves investors in the United States. ATLAS CC: Credit Suisse Marks $1.3MM Loan at 42% Off ---------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,317,000 loan extended to Atlas CC Acquisition Corp. to market at $761,150 or 58% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a 2025 Second Out Term Loan to Atlas CC Acquisition Corp. The loan accrues interest at a rate of 8.37% per annum. The loan matures on May 25, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Atlas CC Acquisition Corp. Atlas CC Acquisition Corp. provides transaction management systems. AUGUSTA QUALITY: Paul Schofield Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Paul Schofield as Subchapter V trustee for Augusta Quality, LLC. Mr. Schofield will be paid an hourly fee of $350 for his services as Subchapter V trustee while his paralegals will be paid an hourly fee of $100. In addition, Mr. Schofield will receive reimbursement for work-related expenses incurred. Mr. Schofield declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Paul A. Schofield P.O. Box 389 Brunswick, GA 31521 TEL: (912) 275-7018 EMAIL: pschofield@ch7bwk.com About Augusta Quality LLC Augusta Quality LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ga. Case No. 26-10018) on January 7, 2026, with $500,001 to $1 million in assets and $1,000,001 to $10 million in liabilities. Judge Susan D. Barrett presides over the case. Bowen Anderson Klosinski, Esq. at Klosinski Overstreet represents the Debtor as legal counsel. AVALON GLOBOCARE: Stockholders OK Board, Auditor at Annual Meeting ------------------------------------------------------------------ Avalon GloboCare Corp. held a virtual annual meeting of stockholders to vote on the following matters: Proposal 1. Election of Directors Stockholders voted to elect the six nominees for director named below to the Company's Board of Directors, each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified, in accordance with the voting results below: 1. Wenzhao "Daniel" Lu * For: 792,744 * Withhold: 14,638 * Broker Non-Votes: 848,349 2. Lourdes Felix * For: 771,591 * Withhold: 35,791 * Broker Non-Votes: 848,349 3. Steven A. Sanders * For: 767,042 * Withhold: 40,340 * Broker Non-Votes: 848,349 4. William B. Stilley, III * For: 744,869 * Withhold: 62,513 * Broker Non-Votes: 848,349 5. Wilbert J. Tauzin II * For: 791,450 * Withhold: 15,932 * Broker Non-Votes: 848,349 6. Tevi Troy * For: 768,039 * Withhold: 39,343 * Broker Non-Votes: 848,349 Proposal 2. Ratification of Independent Registered Public Accounting Firm Stockholders voted to approve ratification of the appointment of M&K CPAS, PLLC as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2025, in accordance with the voting results below: * For: 1,641,580 * Against: 3,555 * Abstain: 10,596 * Broker Non-Votes: - About Avalon Globocare Avalon Globocare Corp., based in Freehold, New Jersey, develops and markets precision diagnostic consumer products and cellular therapy intellectual property. The Company currently sells the KetoAir breathalyzer, a U.S. FDA-registered Class I medical device, and plans to expand its diagnostic applications. It also owns and manages commercial real estate at its headquarters. In an audit report dated March 31, 2025, M&K CPAS, PLLC issued a "going concern" qualification citing that the Company has yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations, all of which raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $9.2 million in total assets, $13.6 million in total liabilities, and $4.5 million in total deficit. BEACON MOBILITY: Term Loan Repricing No Impact on Moody's 'B1' CFR ------------------------------------------------------------------ Moody's Ratings says Beacon Mobility Corp.'s (Beacon Mobility) ratings, including its B1 corporate family rating and B1 senior secured rating, are unaffected by the company's senior secured first lien term loan repricing transaction. Beacon Mobility is seeking to reprice both its senior secured first lien term loan and delayed draw term loan. Moody's expects annual interest expense savings resulting from a tighter spread will modestly benefit interest coverage and free cash flow. There are no expected changes in the total amount or maturity of the company's first lien term debt. Moody's expects Beacon Mobility will maintain its competitive position as a leading transportation provider for students and adults with high needs. Beacon Mobility's very high contract renewal rate and ability to secure necessary price increases with its customers contributes to the company's solid revenue visibility and favorable profitability. Beacon Mobility has grown through an aggressive acquisition strategy and has a limited track record of operating at its current scale. Given the fragmented nature of Beacon Mobility's competitive market, Moody's expects the company to pursue further acquisitions to increase its scale and route density in its existing regions and expand into adjacent geographies. As a result, Moody's expects the company's debt/EBITDA will remain above 5x over the next 12 months. Further, free cash flow is constrained by capital spending required to regularly refresh and grow its bus fleet. Therefore, Moody's expects free cash flow will be around breakeven, and thus limit any potential debt repayment. Beacon Mobility Corp. is a North American bus transportation company that provides busing services for school districts with a focus on special needs students. The company transports over a half million students daily across 25 US states. A continuation fund managed by Audax Private Equity owns Beacon Mobility. Unaudited pro forma revenue for the 12 months ended September 30, 2025 was approximately $1.6 billion. BELLA BARBIES: Stephen Metz Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 4 appointed Stephen Metz of Offit Kurman, P.A. as Subchapter V trustee for Bella Barbies International, LLC. Mr. Metz will be paid an hourly fee of $660 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Metz declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Stephen Metz Offit Kurman, P.A. 7501 Wisconsin Avenue, Suite 1000W Bethesda, Maryland 20814 Phone: (240) 507-1723 Email: smetz@offitkurman.com About Bella Barbies International Bella Barbies International LLC, doing business as Body Complete Rx, develops and markets dietary supplements and related wellness products focused on metabolism, hormone support, nutrition, and personal care, sold primarily through direct-to-consumer channels. It operates in the health and wellness supplements segment and is based in McLean, Virginia. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-10033) on January 7, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Samia Gore, managing member, signed the petition. Daniel Press, Esq., at Chung & Press, P.C. represents the Debtor as legal counsel. BELLA CAPRI: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of Bella Capri, LLC, according to court dockets. About Bella Capri LLC Bella Capri, LLC, a company in Sunny Isles Beach, Fla., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-24523) on December 9, 2025. In its petition, the Debtor reports estimated assets ranging from $10 million to $50 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laurel M. Isicoff oversees the case. The Debtor is represented by Jeffrey N. Schatzman, Esq. BIG LEVEL: 60-Day Extension for Plan Filing Granted --------------------------------------------------- Judge Katharine M. Samson of the U.S. Bankruptcy Court for the Southern District of Mississippi extended Big Level Trucking, Inc.'s exclusive periods to file disclosure statement and plan for additional sixty days. As shared by Troubled Company Reporter, the explains that it is in discussions with various entities to obtain a post-petition loan, sometimes referred to as debtor-in-possession (or "DIP") financing. Even if the DIP financing negotiations are concluded, that certainly does not give the Debtor time to have the DIP financing loan approved by the Court after notice and a hearing. The Debtor claims that in the event it is successful in obtaining DIP financing, that will also "ease" the Debtor's ability to make adequate protection payments to various creditors whose motions for relief from the automatic stay are set for hearing January 13 and 14, 2026. As a result, extending the Debtor's period of exclusivity pending final negotiations for DIP financing will avoid filing a disclosure statement and plan of reorganization that do not take into account DIP financing. And, even if DIP financing is not agreed to and/or not approved, extending the exclusivity period makes sense under the circumstances in order to avoid unnecessary amendments to the disclosure statement and plan if DIP financing is approved, or not. Big Level Trucking, Inc. is represented by: Craig M. Geno, Esq. Law Offices of Geno and Steiskal, PLLC 601 Renaissance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cgeno@cmgenolaw.com About Big Level Trucking Big Level Trucking, Inc., sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-51204) on August 18, 2025, listing up to $50 million in both assets and liabilities. Judge Katharine M. Samson oversees the case. The Debtor tapped the Law Offices of Geno and Steiskal, PLLC as counsel. BIG TIME HOUSING: Seeks Chapter 11 Bankruptcy in California ----------------------------------------------------------- On January 8, 2026, Big Time Housing LLC filed for Chapter 11 protection in the Eastern District of California bankruptcy court. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Big Time Housing LLC Big Time Housing LLC is a California-based real estate company. The Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20091) on January 8, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Christopher M. Klein handles the case. The Debtor is represented by Dennise S. Henderson, Esq. BK EAST: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------ On January 13, 2026, Bk East 46 LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $100,001 and $1 million in debt owed to between one and 49 creditors. About Bk East 46 LLC Bk East 46 LLC is a real estate holding and property management company. Bk East 46 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40153) on January 13, 2026. In its petition, the debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $100,001 to $1 million. Honorable Elizabeth S. Stong is presiding over the case. BRISTOW GROUP: Moody's Rates New Senior Secured Notes 'Ba3' ----------------------------------------------------------- Moody's Ratings assigned a Ba3 rating to Bristow Group Inc.'s (Bristow) proposed senior secured notes. The company's existing ratings, including the Ba3 Corporate Family Rating and existing Ba3 senior secured notes rating are unchanged. The rating outlook is stable. "Bristow will use the proceeds to repay the existing $400 million of notes due 2028," stated James Wilkins, Moody's Ratings Vice President - Senior Analyst. "The transaction is leverage neutral and will extend its debt maturity profile." RATINGS RATIONALE The proposed senior secured notes are rated Ba3, the same level as the Ba3 CFR. The secured notes have a first lien on certain helicopters and related assets, while its equipment financings have certain other helicopters as collateral and most of its remaining helicopters are unencumbered. The ABL revolver has a first lien on the relatively more liquid ABL collateral, but given the smaller size of the ABL facility as compared to the secured debt, the secured notes are rated the same as the CFR. Bristow's Ba3 CFR reflects its global scale, leading market position in the offshore helicopter services industry, long-term contracts with the UK, Ireland and Netherlands as well as a large and modern fleet of predominately owned aircraft. The Offshore Energy Services segment's operations are geographically diverse. Bristow benefits from long-term contracts and a high customer retention rate with a diverse group of oil and gas customers, which accounts for a majority of revenue. The company expects the high utilization in the vertical flight solutions industry will support pricing for its services. Its search and rescue (SAR) business provides end-market diversification, long-term contracted revenue and exposure to a stable revenue stream, that is profitable through commodity price cycles. Bristow owns a majority of its aircraft fleet, which has significant value and provides sound asset coverage for its secured debt. Bristow's SGL-2 Speculative Grade Liquidity Rating reflects good liquidity supported by unrestricted cash balances ($246 million as of September 30, 2025, excluding restricted cash of $5 million), cash flow from operations and an undrawn $85 million asset-backed revolving credit facility (ABL). Approximately 68% of unrestricted cash was held outside the US and most could be repatriated to the US, but could be subject to moderate taxes. The undrawn $85 million asset-backed revolving credit facility (ABL) matures in May 2027 and provided $67.9 million of availability after accounting for the borrowing base and $9.4 million of outstanding letters of credit as of September 30, 2025. The company is in the process of amending the terms of the facility and expects to extend the maturity, reduce commitments to $70 million and change certain other terms. The ABL facility is subject to a borrowing base and has a first lien on the ABL collateral including certain accounts receivables. The credit facility has a springing minimum fixed charge coverage ratio covenant of 1x, if ABL availability falls below a certain threshold, which Moody's views as unlikely to be triggered. Moody's expects the company to generate positive free cash flow in 2026 when it will have lower capital expenditure requirements (over 90% of the capital requirement for its new contracts in Ireland and the UK has already been spent). The company's notes mature in March 2028, which the company will repay with the proceeds from the proposed notes. Bristow has regular debt principal amortization requirements for its secured equipment financing facilities that mature in 2031 and 2036. Bristow has routinely sold unencumbered helicopters, which is a potential alternative source of liquidity. The stable outlook reflects Moody's expectations that the company will grow earnings and generate positive free cash flow in 2026, that will allow it to reduce balance sheet debt. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING The ratings could be upgraded if the company sustains a debt-to-EBITDA ratio below 2.5x while maintaining a sizable cash balance, consistently generates positive free cash flow, and significantly grows its scale while prudently funding future growth opportunities. The rating could be downgraded if Debt to EBITDA is sustained above 3.5x, Bristow's financial policy changes such as using significant amounts of debt to accelerate fleet upgrades or shareholder payouts, or liquidity weakens considerably. The principal methodology used in this rating was Oilfield Services published in October 2025. Bristow Group Inc. (Bristow), headquartered in Houston, Texas, is a leading provider of helicopter transportation services to the oil and gas industry and the search and rescue (SAR) industry worldwide. The company operates a fleet of 213 aircraft (as of September 30, 2025), of which a majority are owned. It operates under three business segments (Offshore Energy Services, Government Services and Other Services) with global operations, but concentrated in the Americas, Europe and Africa. BRO BIZ: Mark Sharf Named Subchapter V Trustee ---------------------------------------------- The U.S. Trustee for Region 17 appointed Mark Sharf, Esq., a practicing attorney in Los Angeles, as Subchapter V trustee for Bro Biz LLC. Mr. Sharf will charge $740 per hour for his services as Subchapter V trustee and will seek reimbursement for work-related expenses incurred. Mr. Sharf declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark Sharf, Esq. 6080 Center Drive, 6th Floor Los Angeles, CA 90045 Telephone: (323) 612-0202 Email: mark@sharflaw.com About Bro Biz LLC Bro Biz LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-10010) on January 7, 2026, with $50,001 to $100,000 in assets and liabilities. Judge William J. Lafferty presides over the case. C.D.S. MOVING: Files Emergency Bid to Use Cash Collateral --------------------------------------------------------- C.D.S. Moving Equipment Inc. asks the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, for authority to use cash collateral and to compel turnover of estate assets from its secured creditor, Pathward, National Association. The Debtor explained that it requires immediate access to cash collateral to continue operating its business, including funding payroll and other essential operating expenses, because its operations are currently constrained by the lack of unencumbered funds. C.D.S., a nearly 50-year-old California-based company serving the moving, storage, logistics, and packaging industries, had been operationally sound prior to a liquidity crisis caused by Pathward restricting advances under its asset-based lending facility, despite holding first-priority liens on substantially all assets. This restriction forced the Debtor to curtail operations, disrupt vendor relationships, and limit inventory, threatening the company's ability to meet customer demand. The Debtor submitted a 13-week budget prepared with its financial consultants, projecting cash-positive operations while addressing lease changes, deferred rents, and receivable collections, and requested authorization to operate within a 15% variance from the budget. Legally, the Debtor relies on 11 U.S.C. sections 363, 361, and 542, asserting that its use of cash collateral is necessary for reorganization, will not diminish the value of Pathward's interest due to replacement liens on post-petition cash, accounts receivable, and inventory, and that Pathward must turn over any pre-petition and post-petition receivables collected on behalf of the estate. The Debtor emphasizes that emergency relief is justified to prevent irreparable harm, stabilize operations, preserve employment, and maintain enterprise value, with the goal of maximizing recovery for all creditors while continuing business operations during the Chapter 11 proceedings. A copy of the motion is available at https://urlcurt.com/u?l=mQ8SU2 from PacerMonitor.com. Pathward, as secured creditor, is represented by: Kimberly Ross Clayson, Esq. Taft Stettinius & Hollister LLP 27777 Franklin Road, Suite 2500 Southfield, MI 48034 Telephone: (248) 351-3000 Facsimile: (248) 351-3082 kclayson@taftlaw.com About C.D.S. Moving Equipment Inc C.D.S. Moving Equipment Inc is a California-based company serving the moving, storage, logistics, and packaging industries. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21646) on December 29, 2025. In the petition signed by Michael Dennis Barwick, chief executive officer, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Julia W. Brand oversees the case. Derrick Talerico, Esq., at Weintraub Zolkin Talerico & Selth, LLP, represents the Debtor as legal counsel. CARESTREAM HEALTH: Credit Suisse Marks $422,000 Loan at 50% Off --------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $422,000 loan extended to Carestream Health, Inc. to market at $212,023 or 50% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Carestream Health, Inc. The loan accrues interest at 11.602% per annum. The loan matures on September 30, 2027. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund’s principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Carestream Health, Inc. Carestream Health, Inc. provides medical supplies and equipment. The Company manufactures radiography, on-sight 3D extremity systems, managed print solutions, veterinary supplies, non-destructive testing unites, dental film, and other related accessories. Carestream Health serves customers worldwide. CARMEN'S CUBAN: Case Summary & Two Unsecured Creditors ------------------------------------------------------ Debtor: Carmen's Cuban Cafe, Inc. 108-D Factory Shops Road Morrisville, NC 27560 Business Description: Carmen's Cuban Cafe, Inc. operates a restaurant and bar in Morrisville, North Carolina, specializing in Cuban cuisine. The Company offers a menu of traditional Cuban dishes, including entrees, appetizers, soups, salads, desserts, and children's meals, and serves local customers through on-premise dining. Chapter 11 Petition Date: January 13, 2026 Court: United States Bankruptcy Court Eastern District of North Carolina Case No.: 26-00147 Judge: Hon. Pamela W. Mcafee Debtor's Counsel: Danny Bradford, Esq. PAUL D. BRADFORD, PLLC 455 Swiftside Drive Suite 106 Cary, NC 27518-7198 Tel: (919) 758-8879 Fax: (919) 803-0683 E-mail: dbradford@bradford-law.com Total Assets: $303,776 Total Liabilities: $1,454,272 The petition was signed by Ali S. Sama 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/QHJJSHQ/Carmens_Cuban_Cafe_Inc__ncebke-26-00147__0001.0.pdf?mcid=tGE4TAMA CASA ARIZONA: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------ The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Casa Arizona Investments, LLC. About Casa Arizona Investments LLC Casa Arizona Investments, LLC is a single assets real estate company. Casa Arizona Investments sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-10178) on October 24, 2025, listing estimated assets under $100,000 and estimated liabilities between $100,001 and $1 million. On November 25, 2025, the case was converted to one under Chapter 11. Honorable Bankruptcy Judge Brenda K. Martin handles the case. Allan D. NewDelman, P.C. is the Debtor's legal counsel. CAST & CREW: Credit Suisse Marks $1.1MM Loan at 17% Off ------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,188,000 loan extended to Cast & Crew Payroll LLC to market at $980,263 or 83% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Cast & Crew Payroll LLC. The loan accrues interest at 7.715% per annum. The loan matures on December 29, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Cast & Crew Payroll LLC Cast & Crew Payroll, LLC provides technology-enabled payroll and production-management services. CHG HEALTHCARE: Moody's Affirms 'B2' CFR, Outlook Remains Stable ---------------------------------------------------------------- Moody's Ratings affirmed the ratings of CHG Healthcare Services, Inc. ("CHG") including the B2 Corporate Family Rating, B2-PD Probability of Default Rating, B2 senior secured first lien term loan and B2 senior secured first lien revolving credit facility ratings. The outlook remains stable. The affirmation is following CHG's year-to-date performance through September 30, 2025, and Moody's expectations for 2026. RATINGS RATIONALE CHG's B2 rating reflects its moderately high leverage of 6.4x for twelve months ended September 30, 2025 and niche focus in the locum tenens (temporary physician staffing) business. The ratings are constrained by governance considerations, including a track record of paying substantial shareholder dividends, which are largely funded by incremental debt. CHG's ratings are supported by demonstrated track record of good cash flow generation and earnings growth. The ratings further benefit from substantial scale and leading position in the fragmented locum tenens market, positive long-term demand trends for locum tenens services, diversification within physician specialties and minimal concentration across customers. Moody's expects that CHG will maintain very good liquidity over the next 12 to 18 months. Moody's anticipates about $170-200 million in cash flow from operations over the next 12 months, more than enough to cover $90-100 million in capex. Liquidity is supported by $66 million in cash and approximately $110 million (net of letters of credit) available on company's revolver as of September 30, 2025. With 1% mandatory amortization on the term loan, CHG is required to repay approximately $25 million of first lien debt every year. The stable outlook reflects Moody's expectations that the company will maintain its debt/EBITDA in the low-6 to high-5 times range over the next 12-18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if the company maintains steady organic growth, sustains positive free cash flow and strong liquidity, and sustains debt/EBITDA below 5.0x. The ratings could be downgraded if CHG experiences sustained reduced demand for its services or a shortage of locum tenens physicians, adopts a more aggressive financial policy, or maintains leverage above 6.0x for an extended period. CHG Healthcare Services, Inc. is a provider of temporary healthcare staffing services to hospitals, physician practices and other healthcare settings in the United States. CHG derives the majority of its revenue from temporary physician staffing (locum tenens) but also provides advanced practice staffing and other related services. CHG reported $2.9 billion of revenue for the twelve months ended September 30, 2025. The company is owned by private equity investors Leonard Green & Partners, L.P., Ares Management LLC, GIC Private Ltd., current and former management. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. CLAY STREET: Seeks Cash Collateral Access ----------------------------------------- Clay Street Commons, LLC asks the U.S. Bankruptcy Court for the Middle District of Tennessee, Nashville Division, for authority to use cash collateral and provide adequate protection. The Debtor's primary asset is a multifamily residential development on Ninth Avenue North in Nashville, Tennessee, and its principal source of revenue is rent paid by tenants. Its cash, including rental income, may constitute cash collateral, subject to the security interests of Bank of Labor. Bank of Labor claims a secured debt of approximately $11.8 million supported by UCC filings, a deed of trust, assignment of rents, and fixture filings covering substantially all of the Debtor's assets, including the real property and rental income. While the Debtor does not concede the validity, extent, or perfection of these liens, it does not dispute them for purposes of obtaining interim relief and reserves all rights to challenge them later. The Debtor explains that immediate authority to use cash collateral in accordance with a detailed operating budget, with up to a 10 percent variance, is essential to avoid disruption of operations, maintain services to residents, preserve the value of the property, and facilitate a successful reorganization. To provide adequate protection to Bank of Labor to the extent it holds an interest in the cash collateral, the Debtor proposes granting replacement liens on post-petition cash collateral equal to the amount actually used, with the same priority and validity as any pre-petition liens, without requiring further perfection steps. Additional protection includes keeping the property fully insured, properly maintained, and occupied by rent-paying tenants. The Debtor asserts that these measures satisfy the Bankruptcy Code's adequate protection requirements and that expedited relief is necessary to prevent immediate and irreparable harm to the estate. A copy of the motion is available at https://urlcurt.com/u?l=cvQ7PX from PacerMonitor.com. Bank of Labor, as secured creditor, is represented by: Sam J. McAllester III, Esq. Spencer Fane, LLP 511 Union Street, Suite 1000 Nashville, TN 37219 Phone: (615) 238-6320 smcallester@spencerfane.com About Clay Street Commons LLC Clay Street Commons, LLC owns and manages a residential property at 1919 Ninth Avenue North in Nashville, Tennessee. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-00026) on January 6, 2026. In the petition signed by Scott Woosley as the authorized individual, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Randal S. Mashburn oversees the case. Austin McMullen, Esq., at Bradley Arant Boult Cummings, LLP, represents the Debtor as legal counsel. CLEAR GUIDE: Unsecured Creditors Unimpaired in Plan --------------------------------------------------- Clear Guide Medical, Inc. filed with the U.S. Bankruptcy Court for the District of Maryland a Disclosure Statement with respect to Plan of Reorganization dated January 9, 2026. The Debtor is an AI-based biotechnical company that is successfully completing a third set of clinical trials with its latest offering and is based in the State of Maryland. The Debtor builds and sells AR based interventional devices that it markets and sells to leading hospitals and groups internationally. The Debtor is not currently cash flow positive, and requires capital and equity investment in order to continue its operations. The Debtor requires the ability to raise capital and issue new shares, and has been unable to do so as a result of the objection by its current equity holders. This requires the restructuring of the Debtor in order to raise the necessary capital to continue operations. The Plan eliminates the Company's existing unsecured debt obligations while preserving the enterprise value and allowing the Company to continue development and commercialization of its medical device technology. Secured debt shall remain in place and continue according to its original terms. The Plan contemplates the following key elements: * Secured debt "rides through" the reorganization unaffected, with all original terms preserved; * Unsecured debt holders receive 90% of New Preferred Stock in exchange for cancellation of their claims; * Existing preferred shareholders receive 10% of New Preferred Stock; * Existing common stock is cancelled with no distribution; * General unsecured claims paid in full in cash; and * Equity incentive plan established to retain personnel. Class 2 consists of all Allowed General Unsecured Claims other than Unsecured Note Claims. Each holder of an Allowed General Unsecured Claim shall receive, in full satisfaction of such Claim, payment in Cash equal to the Allowed amount of such Claim on the later of (a) the Effective Date, or (b) the date such Claim becomes an Allowed Claim. Class 2 is Unimpaired. Class 3 consists of all Unsecured Note Claims, including convertible notes, unsecured promissory notes, and other unsecured indebtedness. On the Effective Date, each holder of an Allowed Unsecured Note Claim shall receive, in full and final satisfaction, settlement, release, and discharge of such Claim, its Pro Rata share of 9,000,000 shares of New Preferred Stock, representing 90% of the reorganized equity (prior to dilution for the Equity Incentive Plan). Class 3 is Impaired. Class 4 consists of all Equity Interests in the Debtor represented by Series A, A-1, A-2, A-3, A-4, and A-5 Preferred Stock. On the Effective Date, all existing Preferred Stock shall be cancelled and extinguished. In consideration for such cancellation, each holder of an Allowed Preferred Equity Interest shall receive its Pro Rata share of 1,000,000 shares of New Preferred Stock, representing 10% of the reorganized equity (prior to dilution for the Equity Incentive Plan). The Debtor seeks financing currently and the ability to raise additional capital to finance its operations moving forward so that its products can gain FDA clearance, the employees of the Debtor can be paid, and additional funds earned to operate the Debtor for years to come. The purpose of the Plan is therefore to provide that ability, with the infusion of two million dollars from investors after the Debtor emerges from Bankruptcy. The Plan will be funded following confirmation through the investment of three investors in the amount of two million dollars. This provides the Debtor the ability to retain highly specialized employees and for the product to complete the FHA process. This allows the Debtor the ability to generate further revenue, to sell and contract to have their products utilized. The Plan anticipates funding employee benefits and continued development and implementation of AR and AI technology in the medical device space. As of November 1, 2025 the Debtor had $17,484.00 in its account and is losing money each month while being in Bankruptcy. The Plan contemplates funding, from the on-going operations of the Reorganized Debtor that will produce net-positive Cash receipts when the Debtor begins regular operations and engages in passing its FDA Phase 3 Trial. The upfront costs will be borne by three investors who have agreed to invest two million dollars to cover salaries and other costs during this period. A full-text copy of the Disclosure Statement dated January 9, 2026 is available at https://urlcurt.com/u?l=L29KRC from PacerMonitor.com at no charge. Counsel for the Debtor: BRENNAN McCARTHY & ASSOCIATES Brennan C. McCarthy, Esq. 1116 West Street, Suite C Annapolis, Maryland 21401 Tel: (443) 294-1083 Fax: (443) 200-6135 E-Mail: bmccarthy@comcast.net About Clear Guide Medical Inc. Clear Guide Medical Inc., a privately held company headquartered in Baltimore, Maryland, develops next-generation navigation technology for minimally invasive medical procedures, including biopsies, ablations, pain injections, and peripheral nerve blocks. The Company's offerings, including the CLEAR GUIDE SCENERGY system and the SuperPROBE platform, integrate image fusion and instrument guidance using computer vision to enhance procedural efficiency and reduce healthcare costs. Clear Guide Medical is a spinout of Johns Hopkins Medical Institutions and Johns Hopkins University and provides solutions across multiple imaging modalities for interventional radiology and surgical applications. Clear Guide Medical Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-19171) on October 1, 2025. In its petition, the Debtor reports total assets as of December 31, 2024 amounting to $1,347,691 and total liabilities as of December 31, 2025 of $683,594. Honorable Bankruptcy Judge Michelle M. Harner handles the case. The Debtor is represented by Stephen B. Gerald, Esq. of TYDINGS & ROSENBERG LLP. CM HOMES: Seeks Chapter 7 Bankruptcy in New York ------------------------------------------------ On January 9, 2026, CM Homes Inc. filed for Chapter 7 protection in the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About CM Homes Inc. CM Homes Inc. is a single asset real estate company. CM Homes Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70105) on January 09, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. The Honorable Alan S. Trust handles the case. COBRA TIRE: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Cobra Tire and Auto Service, LLC. About Cobra Tire and Auto Service Cobra Tire and Auto Service, LLC, a locally owned and family-operated company with locations in Central Phoenix and Gilbert, Arizona, provides full-service automotive repair and tire services for domestic and import vehicles, including commercial fleet and diesel trucks. Cobra Tire and Auto Service sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-11703) on December 4, 2025, listing between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Gerald Fletcher, president of Cobra Tire and Auto Service, signed the petition. Judge Brenda Moody Whinery oversees the case. The Debtor tapped Isaac D. Rothschild, Esq., at Mesch Clark Rothschild, as legal counsel and Villanueva & Company, P.C. as accountant. COMPASS COFFEE: Court OKs DIP Loan From National Investment Group ----------------------------------------------------------------- Compass Coffee, LLC received interim approval from the U.S. Bankruptcy Court for the District of Columbia to obtain debtor-in-possession financing to get through bankruptcy. The interim order, signed by Judge Elizabeth Gunn, authorized the Debtor to obtain an initial $100,000 from National Investment Group, Inc., which has committed to provide up to $450,000 in post-petition junior secured, superpriority financing. National Investment Group is a pre-bankruptcy investor holding minority equity interests and unsecured convertible notes but not deemed an insider. As security for the DIP facility, National Investment Group will be granted liens junior to any liens held by the secured creditors, if any, on all property of the Debtor in the principal outstanding amount borrowed by the Debtor from the DIP lender. The DIP facility carries favorable terms, including no upfront fees, interest only on drawn amounts, no interest on unused commitments, and no roll-up of pre-bankruptcy debt. All advances borrowed by the Debtor pursuant to the DIP credit agreement will be due and payable in full upon the earliest of (i) the consummation of a sale of substantially all of the Debtor's assets; (ii) the effective date of a confirmed plan of reorganization or liquidation; (iii) dismissal or conversion of the Debtor's Chapter 11 case; (iv) the date on which the lender's obligation to make advances under the DIP credit agreement is terminated following an event of default; or (v) April 30, 2026 (unless extended by agreement of the Debtor and the lender). The Debtor explained that while ongoing operations and existing cash collateral are expected to cover ordinary post-petition operating expenses, they are insufficient to fund the professional fees and restructuring costs necessary for a court-supervised sale process. Use of Cash Collateral The interim order also authorized the Debtor to use the cash collateral of secured creditors in accordance with its budget, subject to a 10% variance for each line item. The secured creditors that have filed financing statements claiming liens on the Debtor's collateral are EagleBank, Square Financial Services, Inc., inKind Card, Inc., and the U.S. Small Business Administration. The Debtor has approximately $1.7 million in secured obligations owed to these creditors. As adequate protection, the secured creditors will be granted replacement liens on the Debtor's post-petition cash collateral, with the same validity, priority and extent as their pre-bankruptcy liens. In addition, the Debtor will continue to pay debt service obligations to the secured creditors during the sale process in its bankruptcy case. The interim DIP order is available at https://is.gd/Y8pbuo from PacerMonitor.com. A final hearing is scheduled for January 29. The deadline for filing objections is on January 22. Compass Coffee, which filed for Chapter 11 protection on January 6, continues to operate 25 cafés in the Washington, D.C. metropolitan area. After prolonged pandemic-related financial distress, the Debtor believes that a Section 363 sale is the best means to preserve jobs, maintain relationships with landlords and vendors, and maximize creditor recoveries. The Debtor anticipates filing a sale motion shortly, identifying a strategic buyer as a stalking horse, with the expectation that sale proceeds will be sufficient to repay secured creditors and the DIP loan in full and provide a distribution to unsecured creditors. National Investment Group, as DIP lender, is represented by: Robert M. Marino, Esq. Redmon, Peyton & Braswell, LLP 510 King Street, Suite 301 Alexandria, VA 22314-3143 Phone: 703-879-2676 (direct) Facsimile: 703-684-5109 rmmarino@rpb-law.com EagleBank, as secured creditor, is represented by: Richard A. DuBose, Esq. Gebhardt and Smith, LLP One South Street, Suite 2200 Baltimore, MD 21202 Tel: (410) 385 – 5039 rdubo@gebsmith.com About Compass Coffee Compass Coffee is a Washington, D.C.-based coffee roaster and cafe chain founded in 2014 by former U.S. Marines Michael Haft and Harrison Suarez. The company focuses on specialty coffee, emphasizing in-house roasting, ethical sourcing, and community-driven branding. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 26-00005) on January 6, 2026. In the petition signed by Michael Haft, chief executive officer, the Debtor disclosed between $1 million and $10 million in assets and between $10 million and $50 million in liabilities. Judge Elizabeth L. Gunn oversees the case. Jennifer W. Wuebker, Esq., at Hunton Andrews Kurth LLP, represents the Debtor as legal counsel. CPC ACQUISITION: Credit Suisse Marks $997,000 Loan at 17% Off ------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $997,000 loan extended to CPC Acquisition Corp. to market at $832,238 or 83% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to CPC Acquisition Corp. The loan accrues interest at a 8.013% per annum. The loan matures on December 29, 2027. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About CPC Acquisition Corp. CPC Acquisition Corp. manufactures chemical products. The Company produces and markets adhesive and sealant products. CREATIVE CHANGE: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Creative Change Counseling, Inc. 668 Main Street, Suite 204 Lumberton, NJ 08048 Business Description: Creative Change Counseling, Inc. is a nonprofit behavioral healthcare provider offering integrated mental health services, substance use treatment, and innovative programs, including behavioral support, intensive in-community treatment, therapeutic recreational services, and restorative justice initiatives, across multiple locations in New Jersey, North Carolina, and Delaware. The Company's services are designed to empower individuals of all ages to discover their strengths, manage health-related or life challenges, and achieve personal development through skill-building, self-awareness, and structured therapeutic support. Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-10418 Debtor's Counsel: Steven J. Abelson, Esq. ABELSON LAW OFFICE 80 West Main Street PO Box 7005 Freehold, NJ 07728 Tel: 732-462-4773 Total Assets: $361,516 Total Liabilities: $2,506,795 Bertee Thomas signed the petition as president. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OUUVIMQ/Creative_Change_Counseling_Inc__njbke-26-10418__0001.0.pdf?mcid=tGE4TAMA CREATIVE FOODS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Creative Foods LLC 515 North Main Street Baltimore OH 43105 Business Description: Creative Foods LLC is a privately held food manufacturing company based in Baltimore, Ohio, producing specialty and frozen baked goods. The Company operates in food processing and packaging, classifying it under NAICS 3118 (Bakeries and Tortilla Manufacturing), and sources bakery ingredients from suppliers. Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court Southern District of Ohio Case No.: 26-50186 Judge: Hon. Tiffany Strelow Cobb Debtor's Counsel: David Whittaker, Esq. ALLEN STOVALL NEUMAN & ASHTON LLP 10 West Broad Street, Suite 2400 Columbus OH 43215 Tel: (614) 221-8500 Email: whittaker@asnalaw.com Total Assets: $2,503,729 Total Liabilities: $20,702,351 The petition was signed by Mitchell L. Adams 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/J67VWRA/Creative_Foods_LLC__ohsbke-26-50186__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JVH5K6A/Creative_Foods_LLC__ohsbke-26-50186__0001.0.pdf?mcid=tGE4TAMA CRYO-1 INC: Seeks Cash Collateral Access ---------------------------------------- CRYO-1, Inc. asks the U.S. Bankruptcy Court for the Southern District of Texas, Galveston Division, for authority to use cash collateral and provide adequate protection. CRYO-1 handles sensitive biological materials, including human tissue for medical and research purposes, and continues to operate as a debtor-in-possession under sections 1107 and 1108. The Debtor asserts that revenues generated from its post-petition operations, including accounts receivable, may constitute cash collateral, and that uninterrupted access to these funds is essential to preserve the estate, fund payroll, pay vendors, maintain insurance, and retain professionals necessary for reorganization. Based on a pre-petition lien search, the Debtor identified only one purported secured creditor, Corporate Service Company, which filed a UCC-1 financing statement claiming a lien on present and future accounts receivable. The Debtor disputes owing any debt to CSC, does not understand the basis of the alleged claim, and challenges the validity and enforceability of the asserted lien. Despite the absence of any demand by CSC to restrict use of cash collateral, the Debtor seeks court authorization to avoid operational disruption and legal uncertainty. As adequate protection, the Debtor proposes maintaining casualty insurance on any collateral, granting replacement liens with the same priority as any valid prepetition liens, and making no adequate protection payments unless and until CSC files a proof of claim and establishes the legitimacy and amount of its interest. The Debtor emphasizes that failure to authorize use of cash collateral would cause immediate and irreparable harm by halting operations, disrupting vendor relationships, jeopardizing services to clients, and undermining its ability to reorganize. A court hearing is scheduled for January 20. A copy of the motion is available at https://urlcurt.com/u?l=ZemfJ9 from PacerMonitor.com. About CRYO-1 Inc. CRYO-1, Inc. handles sensitive biological materials, including human tissue for medical and research purposes. CRYO-1 sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80601) on November 28, 2025, listing up to $500,000 in both assets and liabilities. Kenneth Harper, president of CRYO-1, signed the petition. Judge Alfredo R. Perez oversees the case. Gabe Perez, Esq., at Zendeh Del & Associates, PLLC, represents the Debtor as legal counsel. CT&C FAB: Brian Rothschild Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Brian Rothschild of Parsons Behle & Latimer as Subchapter V trustee for CT&C Fab, LLC. Mr. Rothschild will be paid an hourly fee of $550 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rothschild declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Brian M. Rothschild PARSONS BEHLE & LATIMER 201 South Main Street, Suite 1800 Salt Lake City, Utah 84111 Telephone: 801.532.1234 Facsimile: 801.536.6111 BRothschild@parsonsbehle.com ECF@parsonsbehle.com About CT&C Fab LLC CT&C Fab, LLC is a Utah-based steel fabrication and welding company providing structural and miscellaneous steel fabrication and related services for industrial and construction projects in the Salt Lake City area. The Company specializes in heavy industrial construction and support work, including pipe, iron, and structural steel fabrication, serving customers in the chemical, refining, and power generation industries. It also provides installation, maintenance, project management, and other field services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-27781) on December 28, 2025, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. David Sullivan, managing member, signed the petition. Judge Peggy Hunt presides over the case. Brian D. Johnson, Esq., at Brian D. Johnson, P.C. represents the Debtor as legal counsel. DATAVAULT AI: Registers 7.5MM Shares for IP Rights Acquisition -------------------------------------------------------------- Datavault AI Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company entered into an agreement pursuant to which it will issue 7,500,000 shares of common stock, par value $0.0001 per share, of the Company in consideration for the assignment of certain intellectual property rights to the Company. On January 5, 2026, the Company filed a prospectus supplement to an effective shelf registration statement on Form S-3, which was originally filed with the Securities and Exchange Commission on July 7, 2025, as amended, and was declared effective by the SEC on July 9, 2025 (File No. 333-288538). The legal opinion and consent of Paul Hastings LLP addressing the validity of the Shares are available at https://tinyurl.com/4mm6uj38 and https://tinyurl.com/4mm6uj38, respectively. The Shares will be offered and sold by the Company pursuant to an effective shelf registration statement on Form S-3, which was originally filed with the SEC on July 7, 2025, as amended, and was declared effective by the SEC on July 9, 2025 (File No. 333-288538) and a prospectus supplement to the base prospectus contained in the Registration Statement the Company intends to file with the SEC. In connection therewith, the Company will reduce the maximum aggregate amount of shares that it will sell pursuant to that certain Equity Distribution Agreement, dated July 21, 2025, by and between the Company and Maxim Group LLC, as sales agent, from $50,000,000 to $42,500,000, to accommodate the issuance of the Shares under the Registration Statement. About Datavault AI Datavault AI Inc., headquartered in Beaverton, Ore., develops and licenses patented platforms for AI-driven data management, valuation, and monetization. The Company offers cloud-based Web 3.0 solutions incorporating high-performance computing, generative AI agents, and secure data utilities. Datavault AI operates in the data technology and software licensing industry, providing tools for enterprise-grade data solutions focused on privacy and cybersecurity. BPM LLP's audit report dated March 31, 2025, included a "going concern" qualification, noting that the Company's ongoing operational losses, net capital deficiency, and cash flow situation cast significant doubt on its ability to continue operating. Management of the Company intends to raise additional funds through the issuance of equity securities or debt. There can be no assurance that, in the event the Company requires additional financing, such financing will be available at terms acceptable to the Company, if at all. Failure to generate sufficient cash flows from operations, raise additional capital and reduce discretionary spending could have a material adverse effect on the Company's ability to achieve its intended business objectives. As of September 30, 2025, the Company had $138.7 million in total assets, $39.2 million in total liabilities, and $99.5 million in total stockholders' equity. DATAVAULT AI: Signs $250,000 Deal for SanQtum Cybersecurity ----------------------------------------------------------- Datavault AI Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it entered into a Master Purchase Order Agreement with AP Global Holdings LLC (d/b/a Available Infrastructure), pursuant to which the Company has agreed to purchase from Available Infrastructure, and Available Infrastructure has agreed to provide to the Company, SanQtum(TM) infrastructure and cybersecurity services on a services-based delivery model. The Agreement provides for an up-front payment by the Company of $250,000 and has an initial term of 12 months, subject to earlier termination pursuant to the terms thereof, including by the Company for convenience upon 90 days' written notice. Concurrent with the execution of the Agreement, the Company has placed purchase orders with Available Infrastructure to deploy the Services across 100 cities throughout the contiguous United States. The Company will file a full text copy of the Agreement as an exhibit to its Quarterly Report on Form 10-Q for the quarter ending March 31, 2026. About Datavault AI Datavault AI Inc., headquartered in Beaverton, Ore., develops and licenses patented platforms for AI-driven data management, valuation, and monetization. The Company offers cloud-based Web 3.0 solutions incorporating high-performance computing, generative AI agents, and secure data utilities. Datavault AI operates in the data technology and software licensing industry, providing tools for enterprise-grade data solutions focused on privacy and cybersecurity. BPM LLP's audit report dated March 31, 2025, included a "going concern" qualification, noting that the Company's ongoing operational losses, net capital deficiency, and cash flow situation cast significant doubt on its ability to continue operating. Management of the Company intends to raise additional funds through the issuance of equity securities or debt. There can be no assurance that, in the event the Company requires additional financing, such financing will be available at terms acceptable to the Company, if at all. Failure to generate sufficient cash flows from operations, raise additional capital and reduce discretionary spending could have a material adverse effect on the Company's ability to achieve its intended business objectives. As of September 30, 2025, the Company had $138.7 million in total assets, $39.2 million in total liabilities, and $99.5 million in total stockholders' equity. EDGE DOCUMENT: To Sell Software Business to Software Solutions -------------------------------------------------------------- Edge Document Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor owns and operates a software development firm that specializes in simplifying print and digital document solutions across a variety of industries from education to commercial markets. The Debtor's assets it wishes to sell consist of all software, intellectual property, customer lists, and goodwill. The Sale Assets are encumbered by secured liens. The Debtor submits that the Sale Assets contain no personally identifiable information. The Debtor agreed to sell the Sale Assets to Software Solutions, Inc. for $69,000.00, pursuant to an asset purchase agreement. The Agreement provides standard representations and warranties, covenants, and closing deliveries. In addition, the sale of the Sale Assets includes future employment with the Purchaser for a few of the Debtor's current employees. The Purchaser and the Debtor have a prior relationship. Specifically, the Purchaser is one of the Debtor’s vendors. The Debtor is unaware of any relationship existing between the Purchaser and the United States Trustee or the Sub V Trustee, and the Debtor believes that no such relationship exists. The Purchaser's offer is contingent upon the Debtor obtaining a final, nonappealable sale order in the case. The Debtor seeks authority to sell the Sale Assets to the Purchaser free and clear of all liens, claims, interests and encumbrances. The Debtor proposes that the sale proceeds be held in trust with the Debtor's counsel and subject to further order on disbursement. The Debtor is obligated to ODK Capital, LLC aka On Deck under a certain Business Loann and Security Agreement Supplement dated December 28, 2023, with a petition date balance of $101,277.00 as reflected in proof of claim number 3 filed in the case. The Debtor is also obligated to various merchant cash advance parties as follows who may assert a security interest in the Debto's assets: a. Fox Business Funding pursuant to a certain Future Receivables Sale and Purchase agreement dated February 29, 2024; b. LG Funding LLC pursuant to a certain Standard Merchant Cash Advance Agreement dated March 11, 2024; c. Dependence Platinum pursuant to a certain Standard Merchant Cash Advance agreement dated March 26, 2024; and d. Core Funding Source pursuant to a certain Standard Merchant Cash Advance agreement dated April 9, 2024. The Debtor submits no further marketing is needed because the Purchase Price is equal to fair market value. The Debtor does not believe that further marketing efforts will result in a better offer than the Purchaser has made. The Purchase Price is the result of arms-length and good-faith negotiations, and the Purchaser is not an insider. About EDGE Document Solutions LLC EDGE Document Solutions, LLC provides print and digital document management solutions for clients in education, municipal, and commercial sectors. It develops and integrates software systems for eDocuments and electronic content management while continuing to support traditional print and mailing needs such as checks and forms. EDGE Document Solutions filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-06350) on October 17, 2025, listing total assets of $112,146 and total liabilities of $1,198,635. Judy Wolf Weiker of Manewitz Weiker Associates, LLC is the Subchapter V trustee. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by John Allman, Esq., at Hester Baker Krebs, LLC. ENVELOPE 1 INC: U.S. Trustee Unable to Appoint Committee -------------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of Envelope 1, Inc., according to court dockets. About Envelope 1 Inc. Envelope 1, Inc., a company in Boca Raton, Fla., manufactures and mails commercial envelopes and their contents. Envelope 1 sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-23400) on November 12, 2025, listing between $10 million and $50 million in assets and between $50 million and $100 million in liabilities. Tarry Pidgeon, president of Envelope 1, signed the petition. Judge Mindy A. Mora oversees the case. Susan D. Lasky, Esq., at Susan D. Lasky, PA, represents the Debtor as legal counsel. ENVERIC BIOSCIENCES: AdvisorShares Trust Narrows Stake to 1.66% --------------------------------------------------------------- AdvisorShares Trust disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of December 31, 2025, it beneficially owns 16,974 shares of common stock of Enveric Biosciences, Inc.'s common stock, $0.01 par value, representing 1.66% of the shares outstanding. AdvisorShares Trust may be reached through: Stefanie Little, Chief Compliance Officer 4800 Montgomery Lane, Suite 150 Bethesda, Maryland 20814 Tel: (877) 843-3831 A full-text copy of AdvisorShares Trust's SEC report is available at: https://tinyurl.com/48n7rruv About Enveric Biosciences Enveric Biosciences (NASDAQ: ENVB) -- http://www.enveric.com/-- is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. Leveraging its unique discovery and development platform, The Psybrary, the Company has created a robust intellectual property portfolio of new chemical entities for specific mental health indications. The Company's lead program, the EVM201 Series, comprises next generation synthetic prodrugs of the active metabolite, psilocin. The Company is developing the first product from the EVM201 Series "EB-002" for the treatment of psychiatric disorders. The Company is also advancing its second program, the EVM301 Series "EB 003" expected to offer a first-in-class, new approach to the treatment of difficult-to-address mental health disorders, mediated by the promotion of neuroplasticity without also inducing hallucinations in the patient. Morristown, New Jersey-based Marcum LLP, the Company's former auditor, issued a "going concern" qualification in its report dated March 28, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Enveric Biosciences had total assets amounting to $3.5 million, total liabilities (all current) of $1.4 million, and total shareholders' equity of $2.2 million as of June 30, 2025. ETEGRA INC: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 21 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Etegra, Inc. About Etegra Inc. Etegra, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24345) on December 4, 2025, listing between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. The petition was signed by Achyut Kumar Allady as authorized representative of the Debtor. Judge Hon. Erik P. Kimball oversees the case. The Debtor is represented by: Craig I Kelley, Esq. Tel: 561-491-1200 Email: craig@kelleylawoffice.com FIRST BRANDS: Credit Suisse Marks $543,000 Loan at 67% Off ---------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $543,000 loan extended to First Brands Group LLC to market at $314,581 or 33% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a 2022 Incremental Term Loan to First Brands Group LLC. The loan accrues interest at a rate of zero percent per annum. The loan matures on March 30, 2027. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About First Brands Group LLC First Brands Group LLC manufactures automotive parts and equipment. The Company offers wiper blades, arms, water pumps, linkages, brake hardware, and motors. First Brands Group serves customers in the State of Mississippi. FLIPCAUSE INC: Court Orders Appointment of Chapter 11 Trustee ------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that Flipcause Inc. will be placed under the control of a court-appointed trustee after California's attorney general accused the nonprofit fundraising platform of mismanaging $29 million in charitable donations. The action comes amid claims that Flipcause failed to account for the funds and did not cooperate with state investigators. Judge Thomas M. Horan approved the appointment of a Chapter 11 trustee Tuesday as part of an agreement between Flipcause and California. The trustee will now take charge of the company's bankruptcy and oversee its finances and operations during the restructuring, the report states. About Flipcause Inc. Flipcause Inc. is a technology company that provides a nonprofit fundraising platform and payment-processing services. The company’s software enables small and medium-sized nonprofit organizations to manage online donations, donor engagement, and fundraising campaigns. Flipcause Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12246) on December 19, 2025. In its petition, the Debtor reports estimated assets and liabilities of at least $10 million each. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Ronald S. Gellert, Esq. of Gellert Seitz Busenkell & Brown, LLC. FTX TRADING: Genesis Digital Challenges Trust’s $1-Bil. Lawsuit ----------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that Genesis Digital Assets Ltd., the Dubai-based bitcoin mining company, filed to dismiss a $1.15 billion lawsuit brought by the FTX Recovery Trust, which represents creditors of Sam Bankman-Fried's collapsed exchange. The company contends that the claims are legally flawed and that the Delaware court lacks jurisdiction over a foreign entity with no U.S. presence. As a Cypriot company with no offices in the United States, Genesis Digital argued in Monday's, January 12, 2026, filing that it should not be forced to defend the claims. The FTX Recovery Trust has attempted to bypass these jurisdictional limitations, but Genesis maintains that the lawsuit cannot proceed under U.S. law, the report states. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. FULLER's SERVICE: Gets Court Nod to Use Cash Collateral ------------------------------------------------------- N. Neville Reid, the Chapter 11 trustee for Fuller's Service Center Inc, received interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. The court authorized the Debtor to use cash collateral from January 12 through February 22 to pay expenditures in its budget, plus no more than 10% of the total expense payments. As adequate protection, secured creditors will be granted valid, perfected, enforceable security interests in and to Debtor's post-petition assets, with the same priority and extent as their pre-bankruptcy liens. The secured creditors are Heartland Bank and Trust Company, the U.S. Small Business Administration, the SBA's assignee Seaver Business Acquisition, LLC, and Heartland and Carroll's, LLC, doing business as National Tire Wholesale. As additional protection, Heartland Bank and Trust Company will be granted a superpriority claim. The order is available at https://is.gd/MkoAnE from PacerMonitor.com. Fuller's Service Center operates a car wash and automotive repair and maintenance business at leased premises in Hinsdale, Illinois, and relies heavily on continuous cash flow to meet payroll, rent, utilities, insurance, vendor obligations, and administrative expenses. Several secured creditors assert liens on substantially all of the Debtor's assets, including Heartland Bank and Trust Company, the Small Business Administration (whose loan was later assigned to Seaver Business Acquisition, LLC), and National Tire Wholesale, which holds purchase-money security interests in certain inventory. Heartland also provides a revolving line of credit of up to $500,000, expiring March 11, 2026, that is used to cover short-term cash flow deficiencies. About Fuller's Service Center Inc. Fuller's Service Center, Inc. is engaged in the business of car washing, auto repair and automotive maintenance from the leased premises located at 102 West Chicago Avenue, Hinsdale, Illinois and 101-109 West Chicago Avenue, Hinsdale, Illinois. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-01345) on January 29, 2025. In the petition signed by Douglas A. Fuller Jr., president, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Deborah L. Thorne oversees the case. David K. Welch, Esq., at Burke, Warren, MacKay & Serritella, P.C., is the Debtor's legal counsel. GENESIS HEALTHCARE: Lender Seeks Dismissal of Creditor Legal Action ------------------------------------------------------------------- James Nani of Bloomberg Law reports that Welltower OP LLC, a major secured lender and landlord to Genesis Healthcare Inc., has urged a Texas bankruptcy court to reject a creditor committee’s effort to pursue litigation against insiders of the Chapter 11 nursing home operator. In its objection filed Monday, Welltower warned that granting claimholders such standing would be too early in the restructuring, could destroy company value, and jeopardize a sensitive sale process Genesis is pursuing. The claimholder committee's motion, filed in early December 2025, seeks court authorization to sue Welltower, healthcare entrepreneur Joel Landau, his affiliated private equity group, and others tied to the company's financial struggles. Genesis has been restructuring under Chapter 11 while exploring asset sale options to satisfy creditors and stabilize its business, according to Bloomberg Law. Welltower's objection highlights the competing interests within Genesis’ bankruptcy, as unsecured creditors push for broad legal recourse and secured stakeholders prioritize maximizing recoveries through reorganizing operations and completing a sale. The dispute adds another layer of complexity to an already closely watched restructuring and sale process, the report states. About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The Committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. The U.S. Trustee also appointed: * Melanie Cyganowski of Otterbourg, PC as patient care ombudsman for the healthcare facilities listed at https://is.gd/uSxEBx She tapped Otterbourg as her counsel. * Susan Goodman of Pivot Health Law as PCO for the healthcare facilities listed at https://is.gd/M5zlls. She is represented by Kane Russell Coleman Logan PC as counsel. * Suzanne Koenig of SAK Healthcare as PCO for the healthcare facilities listed at https://is.gd/qv5SwV. She is represented by Greenberg Traurig, LLP, as counsel. SAK Management Services, LLC d/b/a SAK Healthcare serves as her medical operations advisor. Brown Rudnick LLP and Stutzman, Bromberg, Esserman, & Plifka, PC represent an ad hoc group of holders of personal injury and wrongful death claims. Whitaker Chalk Swindle & Schwartz represents a personal injury claimant and six wrongful death claimants. GENESIS HEALTHCARE: Two Committee Members Steps Down ---------------------------------------------------- The U.S. Trustee for Region 6 disclosed in a court filing the resignation of Healthcare Services Group, Inc. and Ignacio Garcia from the official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and its affiliates. As of Jan. 13, the remaining members of the committee are: 1. Debra F. Constantine Individually and as Administratrix of the Estate of Mary E. Miller c/o Joshua H. Meyeroff, Esq. Morris James LLP 500 Delaware, Ave. Ste. 1500 Wilmington, DE 19801 jmeyerhoff@morrisjames.com 2. Tanya Turner Class Representative c/o Misty M. Lauby Lauby, Mankin & Lauby LLP 5198 Arlington Ave, PMB 5132 Riverside, CA 92504 misty@lmlfirm.com 3. Mark Adkins Durable Power of Attorney for Juanita Spurlock c/o Steven R. Broadwater, Jr. Stewart Bell, PLLC 30 Capitol St. P.O. Box 1723 Charleston, WV 25326 srbroadwater@belllaw.com 4. Joshua Perlin Vice President and Chief Financial Officer Omnicare, LLC 6285 West Galveston St. #3 Chandler, AZ 85226 joshua.perlin@omnicare.com 5. Silvana Stankus Executive Director New England Healthcare Employees Pension Fund 77 Huyshope Avenue, 2nd Floor Hartford, CT 06106 sstankus@1199nefunds.org 6. Paul Runice Vice President of United Group Change Healthcare Operations, LLC Change Healthcare Technologies, LLC 9900 Bren Rd. E. Minnetonka, MN 55343 paul_runice@uhg.com 7. Brian Chambers Director of Credit and Collections Sysco Corporation 1390 Enclave Parkway Houston, TX 77077 brian.chambers@sysco.com 8. Michael Bubman BFW, LLC and Sunset-Herman-Frankel-Fleishman, LLC 16133 Ventura Blvd., Suite 1175 Encino, CA 91436 mbubman@mbn.law 9. Peter Gudaitis President Aculabs, Inc. 2 Kennedy Blvd. East Brunswick, NJ 08816 pgudaitis@aculabs.com About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The Committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. The U.S. Trustee also appointed: * Melanie Cyganowski of Otterbourg, PC as patient care ombudsman for the healthcare facilities listed at https://is.gd/uSxEBx She tapped Otterbourg as her counsel. * Susan Goodman of Pivot Health Law as PCO for the healthcare facilities listed at https://is.gd/M5zlls. She is represented by Kane Russell Coleman Logan PC as counsel. * Suzanne Koenig of SAK Healthcare as PCO for the healthcare facilities listed at https://is.gd/qv5SwV. She is represented by Greenberg Traurig, LLP, as counsel. SAK Management Services, LLC d/b/a SAK Healthcare serves as her medical operations advisor. Brown Rudnick, LLP and Stutzman, Bromberg, Esserman, & Plifka, PC represent an ad hoc group of holders of personal injury and wrongful death claims. Whitaker Chalk Swindle & Schwartz represents a personal injury claimant and six wrongful death claimants. GRANT THORNTON: Moody's Affirms 'B2' CFR, Outlook Stable -------------------------------------------------------- Moody's Ratings affirmed Grant Thornton Advisors Holdings LLC's (Grant Thornton) B2 corporate family rating and B2-PD probability of default rating. Moody's also affirmed Grant Thornton Advisors LLC's backed senior secured bank credit facility ratings at B2. Following the closing of the proposed $400 million term loan increase, the facility will consist of a $550 million backed senior secured first lien revolving credit facility expiring 2029, now $3.53 billion backed senior secured first lien term loan maturing 2031 and the EUR850 million backed senior secured first lien term loan due 2032. The outlook for both entities is stable. Grant Thornton is an international professional services firm that offers audit, tax, and advisory services. Grant Thornton announced that it expects to use the net proceeds from the term loan increase to fund future acquisitions. The planned increase in debt and leverage represents a negative credit development in Moody's views. However, Grant Thornton will enhance its already good liquidity profile by adding cash to fund acquisition activity that Moody's had already anticipated is likely over the next 12 to 18 months. Moody's also projects low-to-mid single-digit organic revenue growth rates in 2026 and 2027, EBITDA margins growing to a high-teens percentage range by 2027, good interest coverage, with EBITDA less capital expenditures/interest maintained above 2x, and at least $100 million of free cash flow in 2026, leading to the affirmation of the B2 CFR while maintaining the stable outlook. RATINGS RATIONALE The affirmation of the B2 CFR reflects Grant Thornton's high debt leverage, uncertainty regarding the impact of the change in organization structure and partner compensation on the business and Moody's anticipations for aggressive financial strategies, including for debt-funded acquisitions. Affiliate purchases and other acquisitions could raise debt leverage and further weaken already limited earnings quality due to the conversion of Grant Thornton US and the acquired partnerships to the corporate form, but Grant Thornton's geographic reach, revenue size and service scope could be enhanced by the purchases, leading to a stronger business profile. Although Moody's anticipates debt/EBITDA could remain above 6x, after Moody's adjustments and pro forma for the proposed debt and earnings from acquisitions, the affirmation of the B2 ratings reflects Moody's prior expectation that Grant Thornton would seek to acquire its affiliates with debt, and that the transactions will lead to a larger, more geographically-diversified company with the opportunity to drive leverage below 6x over the next 12 to 18 months through achievement of in-process and planned cost reduction initiatives. All financial metrics cited reflect Moody's standard adjustments. Moody's adjust EBITDA and EBITA for transaction-related expenses and the non-cash impacts to earnings from the equity roll-over of the partners. Moody's do not adjust for the impact of in-process cost reduction initiatives, nor for non-cash compensation expense not associated with equity rollover of partners. Grant Thornton has a smaller revenue size and offers fewer services than the Big Four accounting firms against which it competes. Revenue and profitability are dependent on attracting and retaining key revenue-producing employees and efficient utilization of professionals. Larger advisory firms can make investments in technology and off-shore service centers, among other things, which drives Moody's anticipations for Grant Thornton to grow both organically and through acquisitions. Moody's considers historical financial information sufficient to maintain credit ratings, but of limited quality as it reflects the company's legacy partnership structure. Likewise, the completed, announced and anticipated affiliate acquisitions will be converted from partnerships to a corporate form once acquired, as Grant Thornton was in May 2024. The B2 rating is supported by high client and revenue retention rates, and low client and partner revenue concentration. The steady and non-cyclical revenue stream from the audit and tax segment, which Moody's anticipates will make up about two-thirds of the over $4 billion of revenue Moody's expects in 2026, provides relative stability throughout the business cycle compared to the advisory and other business lines. The company can cut variable costs and preserve cash when cyclical pressure reduces revenue; therefore, Moody's expects profitability rates will be less subject to cyclicality than revenue. The affirmation of the B2 senior secured ratings, which are the same as the B2 CFR, reflect the predominance of the credit facilities in Grant Thornton's debt capital structure. Grant Thornton Advisors LLC is a Delaware US LLC. Its indirect parent is Grant Thornton Advisors Holdings LLC. Turbo EMEA Holdings B.V., a private limited company organized under the laws of the Netherlands, is a co-borrower. Turbo Global L.P., which is an indirect parent of the US and non-US businesses, guarantees the rated debts and provides financial statements. The credit facilities are guaranteed by each (generally US) of its direct and indirect subsidiaries and by Grant Thornton Advisors Holdings LLC. The non-US subsidiaries do not guarantee the rated debts. All guarantees are secured by the assets of the guarantor on a first-lien basis. Certain immaterial US subsidiaries do not provide guarantees. Moody's views the company's liquidity profile as good. Moody's expects the company to generate at least $100 million of free cash flow in 2026 and retain at least $100 million of balance sheet cash over the next 12 to 15 months. The $550 million revolver is nearly fully available and provides additional support. Anticipated free cash flow will be able to cover about $35 million of mandatory annual US term loan amortization. The revolver might be needed to fund seasonal cash needs (notably annual cash incentive compensation) and potential acquisitions. Audit and tax segment seasonality may also contribute to seasonality for Grant Thornton's revenue and free cash flow. There are no financial covenants applicable to the term loans. Access to the revolver is subject to maintaining maximum senior secured first lien leverage below 9.0x, which is tested when the revolver is 40% of more drawn. Moody's expects that the company would be able to maintain an ample cushion under its financial covenant if it is tested over the next 12 to 15 months. The stable outlook reflects Moody's expectations for high customer and partner retention rates, low-to-mid single-digit percentage range organic revenue growth and expanding profitability rates to drive debt/EBITDA, which was above 7x as of September 30, 2025, pro forma for announced acquisitions, to below 6.5x and free cash flow/debt in a low-single digit percentage range over the next 12 to 18 months. The stable outlook also reflects Moody's anticipations of aggressive financial strategies, including for debt funded acquisitions of affiliates, although at a slowing pace and declining scale. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Grant Thornton: 1) demonstrates and maintains more conservative financial policies; 2) sustains debt/EBITDA below 5.5x; and 3) maintains a good liquidity profile. The ratings could be downgraded if: 1) revenue growth is less than Moody's anticipates; 2) EBITDA margins remain less than 16%; 3) earnings quality remains constrained by large, ongoing transaction-related adjustments; 4) client or partner attrition rates worsen; 5) the company sustains debt/EBITDA above 6.5x; or 6) liquidity deteriorates. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Grant Thornton, headquartered in Chicago, Illinois, serves over 50,000 clients globally across various industries. Revenue is derived mostly from US middle market business clients as of September 30, 2025, but the company is rapidly expanding its geographic footprint, including through acquisition of certain of its non-US affiliates. The company is owned by an investor group led by private equity sponsor New Mountain Capital, L.L.C. and Grant Thornton's employees and partners. Moody's expects over $4 billion of revenue in 2026. GREAT AMERICAN BISTRO: Monique Almy Named Subchapter V Trustee -------------------------------------------------------------- Matthew Cheney, the Acting U.S. Trustee for Region 4, appointed Monique Almy, Esq., as Subchapter V trustee for The Great American Bistro of Washington DC, LLC. Ms. Almy, a partner at Crowell & Moring, LLP, will be paid an hourly fee of $800 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Almy declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Monique D. Almy, Esq. Crowell & Moring, LLP 1001 Pennsylvania Avenue, NW Washington, DC 20004 Phone: (202) 624-2935 malmy@crowell.com About The Great American Bistro of Washington DC LLC The Great American Bistro of Washington DC, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.C. Case No. 26-00011) on January 09, 2026, with $0 to $50,000 in assets and liabilities. William C. Johnson, Jr.,Esq. at The Johnson Law Group, LLC represents the Debtor as legal counsel. GST INC: U.S. Trustee Appoints Creditors' Committee --------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 case of GST, Inc. The committee members are: 1. Momentum-CHP Partnership Attn: James Carr 393 Church Street Saratoga Springs, NY 12866 Phone: (518) 441-3124 Fax: (518) 584-0044 Email: jim@carr-hughes.com 2. Girraphic Park Ltd. Attn: William Cromarty 5th Floor, The Courtyard, 7 Francis Grove London, SW19 4DW Phone: +447768092635 Email: billy@girraphic.com 3. SRK Strategies Attn: Ben Sosenko 237 27th Street Brooklyn, NY 11232 Phone: (916) 529-3641 Email: ben@srkstrategies.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Grand Slam Track Grand Slam Track, Inc. (GST, Inc.) is a California-registered corporation based in Los Angeles that operates the Grand Slam Track professional athletics league founded by four-time Olympic champion Michael Johnson, who serves as the league's commissioner. The Company organizes annual professional track-and-field competitions across U.S. and international cities, featuring contracted elite athletes in multiple racing categories. GST, Inc. functions as the legal corporate entity behind the league's events, athlete management, and promotion of professional track competitions. GST Inc. filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No. 25-12188) on December 11, 2025. In the petition signed by Nicholas Rubin as chief restructuring officer, the Debtor reported estimated assets of $0 to $5,000 and estimated liabilities of $10 million to $50 million. The Hon. Karen Owens presides over the case. The Debtor tapped Reed Smith LLP and Levene, Neale, Bender, Yoo & Golubchik LLP as bankruptcy counsel. Kekst CNC serves as the Debtor's strategic communications firm, Force10 Partners acts as CRO provider, and Stretto Inc acts as claims and noticing agent to the Debtor. GT TX LLC: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: GT TX, LLC Gametime IT'Z 510 Shotgun Rd Fort Lauderdale, FL 33326 Business Description: GT TX, LLC owns and operates GameTime, a family entertainment center offering bowling, arcade games, laser tag, bumper cars, and event hosting services. The Company manages its facility at 1201 W Airport Freeway, in Euless, Texas, providing recreational and amusement services to local families and groups. Chapter 11 Petition Date: January 13, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-40168 Judge: Hon. Edward L Morris Debtor's Counsel: Sarah M. Cox, Esq. SPECTOR & COX, PLLC 12770 Coit Road Suite 850 Dallas TX 75251 Tel: (214) 310-1321 E-mail: sarah@spectorcox.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Michael Abecassis as CEO. 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/5T363HQ/GT_TX_LLC__txnbke-26-40168__0001.0.pdf?mcid=tGE4TAMA HAWKEYE ENTERTAINMENT: Claims to be Paid from Rental Income ----------------------------------------------------------- Hawkeye Entertainment, LLC filed with the U.S. Bankruptcy Court for the Central District of California a Disclosure Statement describing Plan of Reorganization dated January 9, 2026. The Debtor is a California limited liability company. The Debtor commenced its Case by filing After Smart Capital conducted nearly one year of discovery, an evidentiary hearing on the 2019 Assumption Motion was held on October 13, 14, 15, and 16, 2020, and on October 27, 2020, the Court entered an order ("2020 Assumption Order") approving assumption of the Lease. The sale of alcoholic beverages is an integral part of the operations and use of the Premises and is acknowledged in the Lease both through the description of the Premises' use and its requirements for liquor liability related insurance. Class 3 consists of all General Unsecured Claims against the Debtor. Class 3 is Impaired under the Plan and the Holders of General Unsecured Claims against the Debtor are therefore entitled to vote to accept or reject the Plan. The allowed unsecured claims total $2,640,919.23. While Smart Capital filed 5 separate proofs of claim and Michael Chang filed a proof of claim on July 14, 2025 which were subsequently amended, the Debtor has filed objections to each one of these claims and the Debtor does not believe that these proofs of claim will alter the Allowed General Unsecured Claims. Except to the extent that the Holder of a General Unsecured Claim agrees to less favorable treatment, on the Effective Date, in full and final satisfaction, compromise, settlement, and release of and in exchange for such Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim shall receive the full amount of such Holder's Allowed General Unsecured Claim by payment of its Pro Rate share of the following: * Annual Contribution Payment(s). After the Effective Date, the Reorganized Debtor shall distribute to the Holders of Allowed General Unsecured Claims in Class 3, on a Pro Rata basis, Annual Contribution Payments (commencing in accordance with the Definition section of the Plan) continuing until such time as the Allowed General Unsecured Claims in Class 3 are paid in full. * Discount/Interest Rate from the Effective Date. The applicable rate to be applied to the General Unsecured Claims in Class 3 shall be simple interest calculated at the Sofr Rate applicable as of the Sofr Rate Date, commencing from and after the Effective Date on the Allowed General Unsecured Claims in Class 3 (or such other applicable rate as found by the Bankruptcy Court). * Plan Reserve Account. The Pro Rata Distribution on terms of the Lease. As a matter of law if the lease is assumed, Smart Capital does not hold an allowed general unsecured claim in the amount of $3,251,851.86 for future rent. The Debtor's primary Assets are the Lease and Sublease for the Premises. The Plan will be funded by rental income generated from the Sublease, Annual Contribution Payments, and such other additional contributions from WERM as necessary and requested by the Reorganized Debtor and as agreed to by WERM in its discretion. A full-text copy of the Disclosure Statement dated January 9, 2026 is available at https://urlcurt.com/u?l=I1cmT7 from PacerMonitor.com at no charge. Hawkeye Entertainment, LLC, is represented by: Sandford L. Frey, Esq. Lori A. Schwartz, Eq. Leech Tishman Robinson Brog, PLLC 200 South Los Robles Avenue, Suite 300 Pasadena, CA 91101 Tel: (212) 603-6300 Fax: (212) 956-2164 Email: sfrey@leechtishman.com About Hawkeye Entertainment Hawkeye Entertainment, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-11501) on Oct. 18, 2023. In the petition signed by Adi McAbian, president of Saybian Gourmet, Inc., member of Hawkeye, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Martin R. Barash oversees the case. Sandford L. Frey, Esq., at Leech Tishman Fuscaldo & Lampl, LLC, is the Debtor's legal counsel. HERSCHEND ENTERTAINMENT: Moody's Cuts CFR to B1, Outlook Stable --------------------------------------------------------------- Moody's Ratings downgraded Herschend Entertainment Company, LLC's ("Herschend") ratings, including its Corporate Family Rating to B1 from Ba3, the Probability of Default Rating to B1-PD from Ba3-PD and the existing senior secured first lien credit facilities ratings (including term loan B due May 2032 and revolving credit facility due 2030) to B1 from Ba3. Moody's also assigned a B1 rating to the upsized $1.181 billion senior secured first lien term loan B. The outlook was changed to stable from negative. The initial use of the net proceeds from the incremental term loan is to add cash to the balance sheet and for general corporate purposes. Moody's expects Herschend to use the cash to make its first payment toward the acquisition of Silverwood Theme Park ("Silverwood") and to fund its ongoing construction projects. In October 2025, Herschend signed an exclusive term sheet to acquire Silverwood, a family-owned theme and water park near the city of Coeur d'Alene, ID. The downgrade of the ratings reflects the increased debt level following two levering acquisitions in less than a year and Moody's views that financial strategies have become more aggressive. Free cash flow will be weak in 2026 due to ongoing cash construction costs, financing and integration costs. Moody's expects Herschend to report financial leverage that is well above its long-term financial leverage target (under 3x company definition) for the at least the next two years. ESG considerations were a key driver of the actions, notably governance risk due to the company's decision to pursue a more aggressive financial strategy in connection with the funding of acquisitions with debt. RATINGS RATIONALE The B1 CFR reflects Herschend's high financial leverage and seasonal operations that are exposed to exogenous events, including weather, geopolitics and accidents. Herschend competes for discretionary consumer spending with an increasingly wide variety of other leisure and entertainment activities though there is a noticeable trend among younger generations preferring experiences over material goods, which bodes well for theme park spending. Counterbalancing these credit risks is Herschend's diversified portfolio of entertainment properties with high barriers to entry and the improved geographic diversification and scale following the Palace acquisition. Herschend garners credit strength from significant amounts of owned land and properties which provide the opportunity for future expansion or sources of liquidity if needed. By the end of 2026, Moody's projects Herschend's Moody's adjusted Debt/EBITDA to peak at about 5x, up from 2.4x at the end of 2024, prior to the Palace Entertainment US assets acquisition. Moody's expects leverage to decline to 4.5x on a Moody's adjusted basis by the end of 2027 — higher than the previously anticipated level of under 4x prior to Silverwood transaction. Related to the Silverwood purchase, an entity outside of the Herschend borrowing group will have a $100 million promissory note (unrated) due 2029 that Moody's expects to be funded with cash flows from the borrowing group. Consequently, Herschend's adjusted financial leverage is adjusted to include the outstanding balance of the promissory notes. Herschend has good liquidity, supported by $394 million of cash (pro forma for the proposed transaction and the net proceeds of $45 million from asset sales expected to close in January 2026) and an undrawn revolver. Herschend does not have debt maturities until 2028 when the $26 million senior unsecured notes come due. In connection with the proposed term loan upsize and repricing, Herschend is planning to upsize its revolver by $75 million to $175 million, which Moody's expects to be undrawn at close. The revolver has a springing maximum first lien net leverage covenant of 5.5x tested when 35% of the revolver commitments are drawn. Moody's expects the company to rely on the revolver drawing to meet its working capital needs ahead of the peak summer season. Should the covenant be tested, Moody's expects at least a 20% cushion under the maximum covenant level. The term loan is covenant lite. Moody's expects free cash flow to be negative in 2026 because of growth capex and increased interest expense related to a higher debt burden. The planned growth capex is related to the completion of two hotels currently under construction and capex needed to bring the newly acquired Palace locations to the company's current standards. Following the expected completion of the hotels in Q2 2026 and Q1 2027, Moody's expects Herschend's capex levels to normalize at approximately 9% of revenue, resulting in free cash flow generation in excess of $100 million annually beginning in 2027. The senior secured first lien credit facilities (both the existing and upsized) are rated B1, which is in line with the CFR, as the secured debt represents the vast majority of outstanding debt, except for a modest amount of unsecured notes (unrated). The debt is issued by three different co-borrowers with Herschend Entertainment Company, LLC as the lead borrower, in conjunction with Herschend Adventure Holdings, LLC, and Harlem Globetrotters International, Inc. The parent company is not a guarantor under the credit agreement. The co-borrowers are supported by the majority of operating assets and are cross-guaranteed amongst the issuing entities. The stable outlook reflects Moody's expectations of good liquidity, successful integration of the acquired Palace and Silverwood attractions, completion of the construction projects on time and on budget as well as attendance and EBITDA organic growth in low single digit percent range. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Herschend's ratings could be upgraded if Herschend smoothly integrates acquired parks leading to organic top line and earnings growth and Moody's expects Debt/EBITDA to be sustained at 4x or less (Moody's adjusted) with a strong commitment from management to maintain such leverage levels. A strong liquidity position will also be required for an upgrade, including free cash flow as a percentage of debt in the high single range or higher. The ratings could be downgraded if Herschend sustains Moody's adjusted Debt/EBITDA above 5x, liquidity deteriorates or FCF / Debt is in the low single percent range or lower on an other than temporary basis. Headquartered in Peachtree Corners, Georgia, Herschend Entertainment Company, LLC operates a portfolio of consumer entertainment attraction including amusement parks, waterparks, aquariums, adventure tours (including Pink Jeep), dinner shows, lodging, and the Harlem Globetrotters. Herschend is a privately owned company by members of the Herschend family. Pro forma for a full year of Palace Entertainment's US attractions acquisition that closed in May 2025, Moody's estimates LTM Sep-2025 revenue of approximately $1.2 billion. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. HNO INTERNATIONAL: Extends HNOGF Promissory Notes to December ------------------------------------------------------------- HNO International, Inc. disclosed in a regulatory filing that it entered into multiple Extensions to Promissory Notes with HNO Green Fuels, Inc., a Nevada corporation (HNOGF), pursuant to which the maturity dates of the following promissory notes were extended from December 31, 2025 to December 31, 2026: * 1st Extension: Amended the Promissory Note issued on December 1, 2021. * 2nd Extension: Amended the Promissory Note issued on September 29, 2022. * 3rd Extension: Amended the Promissory Note issued on October 20, 2022. * 4th Extension: Amended the Promissory Note issued on March 1, 2023. * 5th Extension: Amended the Promissory Note issued on March 8, 2023. * 6th Extension: Amended the Promissory Note issued on March 23, 2023. * 7th Extension: Amended the Promissory Note issued on April 3, 2023. * 8th Extension: Amended the Promissory Note issued on April 13, 2023. * 9th Extension: Amended the Promissory Note issued on April 17, 2023. Copies of the extensions are available at https://tinyurl.com/3wfkdz5c, https://tinyurl.com/4whvch85, https://tinyurl.com/6ku2cz9f, https://tinyurl.com/2mp7r94a, https://tinyurl.com/y3r5k29v, https://tinyurl.com/4r7hksvs, https://tinyurl.com/27a2p7vh, https://tinyurl.com/3svdd2nc and https://tinyurl.com/ynfz28k8, respectively. About HNO International Headquartered in Murrieta, California, HNO International, Inc., a Nevada corporation, focuses on systems engineering design, integration, and product development to generate green hydrogen-based clean energy solutions to help businesses and communities decarbonize in the near term. Cypress, Texas-based Barton CPA PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 20, 2025, attached to the Company's Annual Report on Form 10-K for the year ended October 31, 2024, citing that the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. As of July 31, 2025, the Company had $1.51 million in total assets, $3.07 million in total liabilities, and $1.56 million in total stockholders' deficit. HUDSON RIVER TRADING: Moody's Rates New Sec. 1st Lien Term Loan Ba2 ------------------------------------------------------------------- Moody's Ratings assigned a Ba2 rating to Hudson River Trading LLC's (HRT) proposed senior secured first lien term loan B following HRT's loan upsize of around $400 million. The upsize also does not affect HRT's Ba2 issuer rating, Ba1 corporate family rating and stable outlook. RATINGS RATIONALE HRT's Ba1 CFR and stable outlook reflect its strong performance since 2022, characterized by robust, consistent trading profits across a more diverse range of products, strategies and geographies. HRT's funding and liquidity remain solid, benefitting from consistent growth in trading capital, equity capital, and related improvements in its trading capital/debt and the relative mix of equity and debt in its capital structure. HRT has also maintained a highly liquid balance sheet, and has increased the level of diversification of its prime brokerage relationships. HRT's strong partnership culture and sustained oversight of a highly-engaged leadership team help mitigate its inherently high level of operational and market risk in its activities and from its rapid global expansion, especially into regions with weaker capital market conditions than the firm's core US operations. The proposed $400 million upsize brings the balance of HRT's senior secured term loan due March 2030 to around $2.9 billion. HRT plans to use the incremental proceeds to increase its trading capital and for general corporate purposes. HRT's stable outlook reflects Moody's expectations that HRT's strong performance will continue due to its sizeable investments in strategy development and research. The stable outlook also reflects Moody's expectations that HRT will prioritize growing and retaining equity capital, and will maintain stable levels of net trading capital and equity capital relative to its debt. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING HRT's ratings could be upgraded if it: (1) reports further improvements in the level and diversification of revenue and earnings, without increasing its risk appetite; and (2) continues to increase its liquidity and retained capital relative to its long-term debt while continuing to reduce reliance on key prime brokerage relationships outside of its self-cleared US equity trading. HRT's ratings could be downgraded should evidence emerge that HRT's risk appetite is growing or if its long-term capital and liquidity fail to keep pace with its growth ambitions, especially in international markets. The ratings could also be downgraded with evidence that HRT's risk awareness, risk management and legal and compliance capabilities are not operating at a level commensurate with its evolving risk environment. The ratings could also be downgraded if HRT reports declining earnings on a sustained basis, or if revenue and earnings become substantially more volatile. The principal methodology used in this rating was Securities Industry Market Makers published in June 2024. INCREDIBLE ESCAPE: Dawn Maguire Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 14 appointed Dawn Maguire, Esq., at Guttilla Murphy Anderson, as Subchapter V trustee for Incredible Escape Rooms, LLC. Ms. Maguire will be paid an hourly fee of $380 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Maguire declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Dawn Maguire, Esq. 10115 E. Bell Rd., Ste. 107 #498 Scottsdale, AZ 85260 Phone: (480) 304-8302 Fax: (480) 304-8301 Email: Trustee@MaguireLawAZ.com About Incredible Escape Rooms, LLC Incredible Escape Rooms, LLC is an experiential entertainment company that operates escape room venues featuring themed, puzzle-driven attractions. It caters to groups, private parties, and corporate events within the interactive leisure sector. Incredible Escape Rooms filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. Case No. 26-00038) on January 5, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities ranging from $100,001 to $1 million. Honorable Bankruptcy Judge Madeleine C. Wanslee handles the case. The Debtor is represented by Patrick F. Keery, Esq., at Keery McCue, PLLC. INTEGRATED ENDOSCOPY: Seeks $725,000 DIP Loan From Insider Lenders ------------------------------------------------------------------ Integrated Endoscopy, Inc. asked the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, for authority to, among other things, use cash collateral and obtain post-petition financing. Specifically, the Debtor, a medical technology company developing disposable endoscopes and a fully wireless camera platform, is seeking court approval for a third interim post-petition debtor-in-possession loan and continued use of cash collateral to fund operations from February 1 through May 1 during its Chapter 11 bankruptcy case. The court previously authorized the Debtor to use cash collateral through February 1 and obtain interim DIP financing totaling $670,000 from insider lenders David Chou and Quartus AI Fund, LP. Since obtaining interim financing earlier in the case, the Debtor has restarted operations, reduced overhead by approximately 40 percent, consolidated inventory, and resumed sales, particularly in international markets where regulatory approvals were already in place. The Debtor is actively working with at least nine distributors and believes it can become cash-flow positive on international sales alone in the near term, with substantially increased revenues expected once U.S. sales commence. Despite this progress, the Debtor maintains that additional time and funding are required for sales efforts to mature and for a reorganization plan to be developed. The case also involves an ongoing investigation by a court-appointed Chapter 11 examiner into the circumstances surrounding RCT's default notice and the conduct of the Debtor's former chief executive officer. Discovery has included the production of more than 16,000 pages of documents and a Rule 2004 examination of RCT in December 2025, with additional materials and a privilege log still outstanding. Integrated Endoscopy argues that resolution of these issues is critical before meaningful fundraising or plan negotiations can occur. To bridge this period, the insider lenders Mr. Chou and Quartus proposed a $725,000 interim DIP loan on terms similar to prior post-petition financing, secured by junior liens and bearing no current payment obligation. The Debtor said this financing is the only available option and is necessary to preserve operations, protect asset value, and allow it to move toward a viable plan of reorganization. Integrated Endoscopy filed for bankruptcy on July 31, 2025, after its principal secured creditor, Research Corporation Technologies, Inc., unexpectedly declared a default and moved to foreclose on all assets, including valuable intellectual property. The RCT debt was structured with equity-like features and historically treated as a potential investment. The Debtor disputes both the validity and amount of RCT's asserted secured claim of more than $9 million. The filing also followed the abrupt resignation of the Debtor's former CEO, which left gaps in financial records and operational continuity. The Debtor's core assets consist primarily of patents, proprietary technology, and goodwill related to its disposable and wireless endoscopy products, which it values at more than $20 million, with the expectation that this value will increase substantially following recent regulatory success. Although the Debtor had already obtained FDA clearance for its disposable endoscopes, commercialization was delayed for nearly two years while it awaited FDA 510(k) clearance for its Gen II wireless camera. That approval was finally granted on November 20, 2025, a development the debtor characterizes as transformational, enabling entry into the U.S. market and significantly expanding revenue potential. A hearing on the matter is set for January 29, at 11 a.m. A copy of the motion is available at https://urlcurt.com/u?l=OQt1B8 from PacerMonitor.com. Quartus AI Fund, LP, as DIP lender, can be reached through: Afzal M. Tarar Quartus Capital Partners ‍135 West 41st Street, 5th Floor New York, NY 10036 +1-212-634-7173 info@quartuscap.com Research Corporation Technologies, as secured creditor, is represented by: Jeffrey R. Gleit, Esq. Brett D. Goodman, Esq. ArentFox Schiff, LLP 1301 Avenue of the Americas, 42nd Floor New York, NY 10019 Telephone: 212.484.3900 Facsimile: 212.484.3990 jeffrey.gleit@afslaw.com brett.goodman@afslaw.com -and- Aram Ordubegian, Esq. Christopher K.S. Wong, Esq. ArentFox Schiff, LLP 555 West Fifth Street, 48th Floor Los Angeles, CA 90013-1065 Telephone: 213.629.7400 Facsimile: 213.629.7401 aram.ordubegian@afslaw.com christopher.wong@afslaw.com About Integrated Endoscopy Inc. Integrated Endoscopy Inc. develops wireless arthroscopic and single-use rigid endoscope technology for surgical applications. Headquartered in Irvine, California, the privately held Company was founded in 1996 following its acquisition of Micro Optics Development Engineering Labs' optical design assets and markets its Nuvis Single-Use Arthroscope with plans to extend into additional procedure-specific endoscopes. Its intellectual property portfolio includes 19 issued patents across the U.S., Europe, Japan, Australia, and Canada covering lens systems, LED lighting, and molded glass optics. Integrated Endoscopy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-12121 on July 31, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Vanessa H. Haberbush, Esq., at Haberbush, LLP. Research Corporation Technologies is represented by: Jeffrey R. Gleit, Esq. Brett D. Goodman, Esq. ArentFox Schiff, LLP 1301 Avenue of the Americas, 42nd Floor New York, NY 10019 Telephone: 212.484.3900 Facsimile: 212.484.3990 jeffrey.gleit@afslaw.com brett.goodman@afslaw.com -- and -- Aram Ordubegian, Esq. Christopher K.S. Wong, Esq. ArentFox Schiff, LLP 555 West Fifth Street, 48th Floor Los Angeles, CA 90013-1065 Telephone: 213.629.7400 Facsimile: 213.629.7401 aram.ordubegian@afslaw.com christopher.wong@afslaw.com JAGUAR HEALTH: Joshua Mailman Holds 8.4% Equity Stake ----------------------------------------------------- Joshua Mailman, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of December 17, 2025, he beneficially owns 587,320 shares of common stock (consisting of 337,321 shares with sole voting and dispositive power and 249,999 shares with shared voting and dispositive power) of Jaguar Health, Inc.'s common stock, par value $0.0001 per share, representing 8.4% of the shares outstanding. Joshua Mailman may be reached through: Joshua Mailman c/o Citron Cooperman 50 Rockefeller Plaza, 4th Floor New York, NY 10020 A full-text copy of Joshua Mailman's SEC report is available at: https://tinyurl.com/nyzxmes5 About Jaguar Health Jaguar Health, Inc. -- http://www.jaguar.health/-- is a commercial-stage pharmaceuticals company focused on developing novel, plant-based, sustainably derived prescription medicines for people and animals with gastrointestinal ("GI") distress, including chronic, debilitating diarrhea. Jaguar Health's wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary plant-based human pharmaceuticals from plants harvested responsibly from rainforest areas. The Company's crofelemer drug product candidate is the subject of the OnTarget study, a pivotal Phase 3 clinical trial for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy. Larkspur, California-based RBSM, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has an accumulated deficit, recurring losses, and expects continuing future losses. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company, since its inception, has incurred recurring operating losses and negative cash flows from operations and has an accumulated deficit of $346.5 million as of December 31, 2024. As of June 30, 2025, the Company had $48.3 million in total assets, $41.4 million in total liabilities, $6.9 million in total stockholders' equity. JENKINS STORAGE: Seeks Chapter 11 Bankruptcy in Pennsylvania ------------------------------------------------------------ On January 8, 2026, Jenkins Storage LLC filed for Chapter 11 protection in the Eastern District of Pennsylvania. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. The case is proceeding under Bankruptcy Case No. 26-10083. About Jenkins Storage LLC Jenkins Storage LLC is a limited liability company. Jenkins Storage LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10083) on January 08, 2026. In its petition, the Debtor reports estimated assets of $1MM–$10MM and estimated liabilities of $1MM–$10MM. The Honorable Chief Bankruptcy Judge Ashely M. Chan is presiding over the case. JJTA1 REAL: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: JJTA1 Real Properties LLC 2501 Jammes Road Jacksonville, FL 32210 Business Description: JJTA1 Real Properties LLC is a single-asset real estate company that owns and leases multi-family apartment buildings at 7423 and 7420 Linda Drive in Jacksonville, Florida. Chapter 11 Petition Date: January 13, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-00130 Judge: Hon. Jacob A Brown Debtor's Counsel: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC 1501 E. Concord Street Orlando, FL 32803 Tel: 407-894-6834 Email: jeff@bransonlaw.com Total Assets: $5,582,047 Total Liabilities: $3,042,155 The petition was signed by Jarek Tadla as manager of Peoples Choice Apartments LLC. The Debtor has confirmed in the petition that there are no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4JDJBXY/JJTA1_Real_Properties_LLC__flmbke-26-00130__0001.0.pdf?mcid=tGE4TAMA KBI 2015 GP: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: KBI 2015 GP, Inc. 316 Las Colinas Blvd. W. #100 Irving TX 75039 Chapter 11 Petition Date: January 13, 2026 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 26-40145 Debtor's Counsel: Howard Marc Spector, Esq. SPECTOR & COX, PLLC 12770 Coit Rd Suite 850 Dallas TX 75251 Tel: (214) 365-5377 Email: hspector@spectorcox.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $10 million to $50 million The petition was signed by Kim Barton Forsythe as president. A list of the Debtor's 20 largest unsecured creditors was not provided alongside the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/72Y7D5Y/KBI_2015_GP_Inc__txebke-26-40145__0001.0.pdf?mcid=tGE4TAMA KIM ENGINEERING: Seeks to Extend Plan Exclusivity to July 10 ------------------------------------------------------------ Kim Engineering Inc. asked the U.S. Bankruptcy Court for the District of Maryland to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 10 and September 10, 2026, respectively. The Debtor explains that its ability to formulate a confirmable plan of reorganization is materially affected by multiple unresolved issues concerning claim allowance, classification, and estate property, including pending adversary proceedings and unresolved governmental claims. Proceeding with plan formulation, disclosure, or solicitation decisions before resolution or substantial progress on these matters would be premature and inefficient. In addition, the Debtor has commenced a separate adversary proceeding styled Kim Engineering, Inc. v. United First, LLC, Adversary Proceeding No. 25-00287, which involves alleged violations of the automatic stay and related issues concerning the enforcement and control of estate property. Resolution or substantial progress in that matter is also necessary to responsibly finalize a plan of reorganization. The Debtor claims that it requires additional time to complete claims reconciliation, to assess the impact of pending adversary proceedings, and to determine the final structure of allowed claims before proposing a feasible plan of reorganization. Given the complexity of the claims issues and the pending bar dates, extension of the plan exclusivity period is warranted under Section 1121(d) of the Bankruptcy Code. The Debtor asserts that the solicitation period is dependent upon the filing of a plan and approval of a disclosure statement. Extension of this deadline is appropriate to maintain consistency with the requested extension of the plan exclusivity period. The Debtor further asserts that it cannot prepare an adequate disclosure statement until the claims pool is substantially complete and reconciled and the impact of pending adversary proceedings and governmental claims is better defined. Extending this deadline will allow the Debtor to present accurate and meaningful information to creditors and the Court. The Debtor cites that granting the requested extensions will not prejudice creditors. To the contrary, the requested relief will promote judicial efficiency and facilitate the filing of a confirmable plan based on accurate, allowed claims, rather than requiring repeated amendments and contested proceedings. Kim Engineering Inc. is represented by: Weon G. Kim, Esq. Weon G. Kim Law Office 8200 Greensboro Dr., Suite 900 McLean, VA 22102 Telephone: (571) 278-3728 Facsimile: (703) 288-4003 Email: jkkchadol99@gmail.com About Kim Engineering Inc. Kim Engineering Inc. is a professional engineering services firm based in Laurel, Maryland, likely specializing in architectural, engineering, and related technical services as indicated by its NAICS code 5413. The company operates from its headquarters at 6100 Chevy Chase Drive and serves clients throughout the Maryland region. Kim Engineering Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-16453) on July 15, 2025. In its petition, the Debtor reports estimated assets between $1 million and $50 million and estimated liabilities between $10 million and $50 million. The Debtor is represented by Weon G. Kim, Esq., at Weon G. Kim Law Office. KISA HOMES: Ryan Richmond Named Subchapter V Trustee ---------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Ryan Richmond as Subchapter V trustee for Kisa Homes, LLC. Mr. Richmond will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Richmond declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Ryan J. Richmond 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Tel. (225) 412-3667 Fax: (225) 286-3046 Email: ryan@snw.law About Kisa Homes LLC Kisa Homes, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. La. Case No. 26-10011) on January 7, 2026. At the time of the filing, the Debtor listed between $1 million and $10 million in both assets and liabilities. LASERSHIP INC: Credit Suisse Marks $1.1MM Loan at 29% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,190,000 loan extended to LaserShip, Inc. to market at $846,949 or 71% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to LaserShip, Inc. The loan accrues interest at 5.763% per annum. The loan matures on August 10, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About LaserShip, Inc. Lasership, Inc. operates as a courier services. The Company offers pickup, delivery of letters, small packages, and documents. Lasership serves customers worldwide. LASERSHIP INC: Credit Suisse Marks $398,000 Loan at 71% Off ----------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $398,000 loan extended to LaserShip, Inc. to market at $116,151 or 29% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to LaserShip, Inc. The loan accrues interest at 5.763% per annum. The loan matures on August 10, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About LaserShip, Inc. Lasership, Inc. operates as a courier services. The Company offers pickup, delivery of letters, small packages, and documents. Lasership serves customers worldwide. LASERSHIP INC: Credit Suisse Marks $487,000 Loan at 27% Off ----------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $487,000 loan extended to LaserShip, Inc. to market at $354,104 or 73% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to LaserShip, Inc. The loan accrues interest at 8.002% per annum. The loan matures on January 2, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About LaserShip, Inc. Lasership, Inc. operates as a courier services. The Company offers pickup, delivery of letters, small packages, and documents. Lasership serves customers worldwide. LENDINGTREE INC: Moody's Hikes CFR to B2 & Alters Outlook to Stable ------------------------------------------------------------------- Moody's Ratings upgraded LendingTree, Inc.'s (LendingTree or the company) Corporate Family Rating to B2 from B3, Probability of Default Rating to B2-PD from B3-PD, and Senior Secured First Lien Bank Credit Facilities ratings to B2 from B3. The outlook was changed to stable from positive. The Speculative Grade Liquidity Rating (SGL) was upgraded to SGL-1 from SGL-2. The rating action incorporates the company's significant deleveraging with financial leverage falling to 4.7x (at Q3 LTM, Moody's adjusted) and much better operating performance with LTM revenue and EBITDA rising 18% and 24%, respectively, over 2024. Moody's expects leverage and performance to improve further over the next 12-18 months supported by more favorable market conditions including a stable or falling rate environment. Governance was a driver of the rating actions and reflects management's focus on deleveraging consistent with its more conservative financial policy targets. RATINGS RATIONALE LendingTree's CFR reflects its relatively small scale (near $1.1 billion in revenue), geographic concentration with all material revenue generated in the US, customer concentration, and limited product diversity. The business is cyclical, with a high degree of sensitivity to the interest rate environment which affects lending volumes, evident in the material declines over the last several years due to higher rates. The company also has relatively low profitability margins and limited operating leverage due to the high cost and mostly variable nature of paid traffic to generate leads. The significant dependence on the lead generation model also exposes the company to the potential for disintermediation as a knowledge/data broker in a highly and increasingly competitive financial services marketplace. Generative artificial intelligence (genAI) is an emerging threat if new AI content platforms increasingly provide similar information to consumers and or fulfill actionable quotes. In this scenario, its possible traffic is redirected to the financial service providers, thus bypassing and potentially disintermediating LendingTree unless the company is able to maintain its market position by partnering with these AI companies and/or consumers remain in existing sales channels. Despite the constraints to the credit profile, the company is supported by a well-established brand, proprietary matching algorithms, a large network of financial service partners, a license to operate as a mortgage broker in all 50 states, and its web site all of which has been developed over many years with billions of dollars. The company operates a digital, asset-lite B2C online marketplace connecting consumers with financial services, requiring limited maintenance capital. There is also some segment diversity including home (mortgage loans, mortgage refinancing, home equity loans), consumer (credit cards, personal loans, small business loans and other services) and insurance (auto, home, health and Medicare). However, insurance generates over 60% of revenue and near 50% of the operating profits (in 2024) while home and consumer are highly correlated to rate dynamics. The highly variable cost model also helps protect profitability when revenues decline. LendingTree's liquidity profile is very good, reflected in the Speculative Grade Liquidity Rating (SGL) of SGL-1, supported by internal sources of liquidity totaling $144 million (at the end of the last quarter, including $69 million in cash and an undrawn $75 million revolving credit facility (RCF)). The RCF is subject to a maximum first-lien net leverage ratio of 5.0x when the facility is more than $20 million drawn. Given positive and rising free cash flow, solid cash balances, and limited investment needs, Moody's don't expect the company to draw on the RCF over the next 12 months. Alternate liquidity is limited due to the fully secured capital structure. The company's debt capital structure primarily includes a single class of debt obligations – specifically the Senior Secured First-Lien Bank Credit Facilities Moody's rate at B2. The instrument rating reflects the probability of default of the Company, as reflected in the B2-PD Probability of Default Rating, an average expected family recovery rate of 50% at default given the single-class of secured debt and covenant-lite structure. The stable outlook reflects Moody's expectations that revenue will rise by mid to high-single digit percent over the next 12-18 months, while EBITDA margins will remain at least steady (9%-10%), generating higher earnings and positive and rising free cash flows (FCF) approaching $90 million. Moody's expects leverage to decline, approaching 4x with FCF to debt rising to near 20% - absent any newly debt-financed transactions. Moody's assumes capital intensity between 1.0-1.5% of revenue and borrowing costs to average near 8% or less. Note: Unless otherwise noted, all figures are Moody's adjusted over the next 12-18 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings upgrade could occur if there is greater scale, improving customer and product diversity, and less dependence on paid traffic or a clear indication the company is able to maintain its market position and relevance in the evolving market place amidst technological change. Financial leverage would also need to be sustained below 4.5x (Moody's adjusted gross debt divided EBITDA), with sustained revenue and earnings growth, stable or improving EBITDA margins remain stable or improve, and very good liquidity. The ratings downgrade could occur if financial leverage is sustained above 5.5x or there is a sustained decline in revenue or profitability, liquidity, or free cash flow to debt (Moody's adjusted) to below 10%. A material unfavorable change in the company's market position including an increased threat of a material disruption to the business from emerging technology could also pressure the ratings. LendingTree, Inc., a public company (NASDAQ: TREE) headquartered in Charlotte, North Carolina, operates a leading online marketplace platform connecting consumers with financial services, including home, personal, small business loans, insurance, credit cards as well as other services. Revenue for the LTM period ended Q3 2025 was approximately $1.1 billion. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. LEXDEN MANAGEMENT: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of Lexden Management, LLC, according to court dockets. About Lexden Management LLC Lexden Management, LLC is a single asset real estate company. Lexden Management sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24680) on December 12, 2025. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $100,001 to $1 million. The case is assigned to Honorable Peter D. Russin. The debtor is represented by Mark S. Roher, Esq., at the Law Office of Mark S. Roher, P.A. LIGADO NETWORKS: Judge Set to Decide on Inmarsat Satellite Case --------------------------------------------------------------- Alex Wittenberg of Law360 reports that on Wednesday, January 14, 2026, a Delaware bankruptcy court judge said he would issue an oral ruling soon on Ligado Networks LLC's motion to stop a lawsuit brought by Inmarsat Global Ltd., a Viasat subsidiary, over Ligado's request to the government to allow it to license out spectrum rights. The judge provided no timeline beyond saying the decision would be delivered "in very short order." The litigation from Inmarsat challenges Ligado's efforts to obtain regulatory approval for spectrum licensing, a litigation point intertwined with Ligado's Chapter 11 proceedings and its efforts to monetize key spectrum assets. The judge's forthcoming ruling could significantly impact the shape of that dispute, the report states. About Ligado Networks Ligado Networks, formerly LightSquared, provides mobile satellite services. The Debtor's satellite and terrestrial solutions, combined with powerful, lower mid-band spectrum, serve to supplement and broaden mobile coverage across the United States and Canada. On the Web: http://www.ligado.com/ On January 5, 2025, Ligado Networks LLC and certain of its affiliates each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-10006). Perella Weinberg Partners LP is serving as investment banker to Ligado, FTI Consulting, Inc. is serving as financial advisor, Milbank LLP is serving as legal counsel, and Richards, Layton & Finger P.A. is serving as co-counsel. Omni Agent Solutions LLC is the claims agent. An ad hoc group of first lien creditors is being advised by Guggenheim Securities, LLC as financial advisor, and by Sidley Austin LLP as counsel. An ad hoc group of crossholding creditors is being advised by Kirkland & Ellis LLP. LINEAR COMPANIES: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------------- The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Linear Companies, LLC. About Linear Companies LLC Linear Companies, LLC, doing business as Linear Investments, LLC and Linear Investments AZ, LLC, operates in the real estate and investment sector and manages property holdings and conducts financial investment activities. Linear Companies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-11955) on December 11, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Brenda Moody Whinery handles the case. The Debtor is represented by Philip R. Rudd, Esq., at Sacks Tierney P.A. LIVING FAITH: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------ The U.S. Trustee for Region 21 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Living Faith Tabernacle, Inc. About Living Faith Tabernacle Inc. Living Faith Tabernacle, Inc. is a church located at 5880 Old Dixie Road in Forest Park, Georgia, providing worship services, spiritual guidance, and community programs for its congregation. The organization conducts faith-based activities and outreach within the local community. It operates as a nonprofit entity in the religious services sector. Living Faith Tabernacle sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga., Case No. 25-63773) on November 25, 2025. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $1 million. Honorable Judge Jeffery W. Cavender handles the case. The Debtor is represented by Kenneth Mitchell, Esq. of Giddens, Mitchell & Associates, P.C. LKM CONVENIENCE: Case Summary & Three Unsecured Creditors --------------------------------------------------------- Debtor: LKM Convenience LLC 2201 Ridgelake Drive Metairie, LA 70001-2094 Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court Eastern District of Louisiana Case No.: 26-10083 Judge: Hon. Meredith S Grabill Debtor's Counsel: Robert L. Marrero, Esq. ROBERT L. MARRERO, LLC 401 Whitney Avenue Suite 126 Gretna LA 70056 Email: office@bobmarrero.com Total Assets: $8,500 Total Debts: $3,456,486 The petition was signed by Lenny K. Motwani as member/manager. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3JEH6CY/LKM_Convenience_LLC__laebke-26-10083__0001.0.pdf?mcid=tGE4TAMA LUMINAR TECHNOLOGIES: Pursues Liquidation via Proposed Ch. 11 Plan ------------------------------------------------------------------ Luminar Technologies, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on December 31, 2025, subsidiaries of the Company, Condor Acquisition Sub I, Inc. and Condor Acquisition Sub II, Inc. filed voluntary petitions for relief under the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas thereby commencing chapter 11 cases under case numbers 25-90819 (CML) and 25-90820 (CML), respectively. As previously disclosed, the Company and certain of its subsidiaries filed a voluntary petition for relief under chapter 11 of title 11 of the Bankruptcy Court on December 15, 2025, thereby commencing chapter 11 cases. The Chapter 11 Cases are being jointly administered under Case No. 25-90807 (CML). The Additional Debtors intend to file a motion requesting, among other relief, joint administration of the chapter 11 cases of the Additional Debtors with the Chapter 11 Cases of the Debtors. The Debtors continue to operate their business and manage their properties as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and applicable orders of the Bankruptcy Court. Additional information about the Chapter 11 Cases, including access to Bankruptcy Court documents, is available online at https://omniagentsolutions.com/Luminar, a website administered by Omni Agent Solutions, Inc., the Debtors' Bankruptcy Court-approved third-party bankruptcy claims and noticing agent, and on the docket of the Chapter 11 Cases, which can be accessed via PACER at https://pacer.gov. On December 30, 2025, pursuant to a motion filed by the Debtors, the Bankruptcy Court entered an order, which, among other things, approved global bidding procedures, and authorized the Debtors to solicit bids for the consideration of the highest or best offer for all or part of the Debtors' assets. Under the Bidding Procedures Order, potential bidders were required to submit bids for the Debtors' assets by January 9, 2026. The Debtors may modify certain dates or times in accordance with the Bidding Procedures Order. On December 30, 2025, the Debtors filed a proposed Chapter 11 Plan of Liquidation of Luminar Technologies, Inc. and its Affiliated Debtors and a related Disclosure Statement with the Bankruptcy Court. The Plan provides for the liquidation of the Debtors' remaining assets and the distribution of the proceeds thereof to its stakeholders. The related Disclosure Statement describes, among other things, the Plan, the Liquidation, the events leading up to the Chapter 11 Cases, certain events that have occurred or are anticipated to occur during the Chapter 11 Cases, including the anticipated solicitation of votes to approve the Plan from certain of the Debtors' creditors, and certain other aspects of the Liquidation. Although the Debtors intend to pursue the Liquidation in accordance with the terms set forth in the Plan, there can be no assurance that the Plan will be approved by the Bankruptcy Court or that the Debtors will be successful in consummating the Liquidation or any other similar transaction on the terms set forth in the Plan, on different terms or at all. Bankruptcy law does not permit solicitation of acceptances of a chapter 11 plan until the Bankruptcy Court approves a disclosure statement relating to the Plan. Accordingly, neither the Debtors' filing of the Plan and Disclosure Statement, nor this Current Report on Form 8-K, is a solicitation of votes to accept or reject the Plan. Any such solicitation will be made pursuant to and in accordance with applicable law, including orders of the Bankruptcy Court. The Disclosure Statement is being submitted to the Bankruptcy Court for approval but has not been approved by the Bankruptcy Court to date. Information contained in the Plan and the Disclosure Statement is subject to change, whether as a result of amendments or supplements to the Plan or Disclosure Statement, third-party actions, or otherwise, and should not be relied upon by any party. Such amendments and supplements will also be available for review and free of charge online at https://omniagentsolutions.com/Luminar. Such amendments and supplements may be filed with the Bankruptcy Court without the filing of an accompanying Current Report on Form 8-K. Copies of the Plan, Disclosure Statement, and Sale Notice are available at https://tinyurl.com/3zz8t2fe, https://tinyurl.com/ybjzra2e, and https://tinyurl.com/4m46rrxw respectively. About Luminar Technologies, Inc. Luminar Technologies, Inc. is an automotive lidar manufacturer. Luminar Technologies and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90808) on December 15, 2025. In its petition, Luminar reported estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company engaged Jefferies LLC, as investment banking advisers, and Portage Point Partners, LLC's Triple P TRS, LLC as restructuring advisor and to provide interim management services for the Company. Omni Agent Solutions, Inc. serves as the claims and noticing agent. Quantum Computing Inc., the proposed buyer for the Debtors' assets, is represented by Wilson Sonsini Goodrich & Rosati Professional Corporation. Ropes & Gray, LLP, serves as legal advisors and Ducera Partners LLC, acts as investment banker for the holders of Floating Rate Senior Secured Notes due 2028; 9.0% Convertible Second Lien Senior Secured Notes due 2030 -- Series 1 Notes -- and 11.5% Convertible Second Lien Senior Secured Notes due 2030 -- Series 2 Notes. GLAS Trust Company LLC, serves as Trustee and Collateral Agent for both the 1L and 2L Notes. MADIJAC LLC: Amy Denton Mayer Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for Madijac LLC. Ms. Mayer will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About Madijac LLC Madijac LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00137) on January 08, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Roberta A. Colton presides over the case. Jeffrey Ainsworth, Esq. at Bransonlaw PLLC represents the Debtor as legal counsel. MEDASSETS SOFTWARE: Credit Suisse Marks $575,000 Loan at 14% Off ---------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $575,000 loan extended to MedAssets Software Intermediate Holdings, Inc. to market at $493,791 or 86% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to MedAssets Software Intermediate Holdings, Inc. The loan accrues interest at 8.116% per annum. The loan matures on December 15, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About MedAssets Software Intermediate Holdings, Inc. MedAssets Software Intermediate Holdings, Inc. is the holding company for the technology solutions group (TSG) of nThrive (formerly MedAssets), providing revenue cycle and spend management software for hospitals. MH SUB I: Credit Suisse Marks $2.7MM Loan at 19% Off ---------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $2,793,000 loan extended to MH Sub I LLC to market at $2,258,218 or 81% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to MH Sub I LLC. The loan accrues interest at a rate of 8.215% per annum. The loan matures on December 31, 2031. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About MH Sub I LLC MH Sub I, LLC, doing business as Internet Brands, operates as an internet media company. The Company provides customized and programmatic advertising solutions to home and travel automotive, health, and legal markets, as well as develops and licenses Internet software and social media applications. Internet Brands serves customers worldwide. MOUNTAIN SPORTS: Bankruptcy Case Nears Confirmation Following Deal ------------------------------------------------------------------ Jeff Montgomery of Law360 reports that on Wednesday, January 14, 2026, a Delaware bankruptcy court approved the Chapter 11 disclosure statement for sporting goods retailer Mountain Sports LLC, after the company and a committee of unsecured creditors agreed on revisions that satisfied earlier objections. The compromise addressed fears by a separate creditor class that their ability to vote on the plan would be undermined. The approval clears a key procedural hurdle in Mountain Sports' restructuring, enabling the debtor to distribute the updated disclosure statement and advance toward confirmation of its bankruptcy plan, the report states. About Mountain Sports Mountain Sports LLC, doing business as Bob's Stores, Eastern Mountain Sports, EMS, and Sport Chalet, is a sporting goods, hobby and musical instrument retailer. Mountain Sports LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-11385) on June 18, 2024. In the petitions filed by David Barton, authorized representative, Mountain Sports disclosed between $10 million and $50 million in both assets and liabilities. Judge Mary F. Walrath oversees the cases. The Debtors tapped Goldstein & McClintock LLLP as counsel, and Silverman Consulting as financial advisor. The Office of the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors. The committee tapped Lowenstein Sandler, LLP as bankruptcy counsel and Morris James LLP as Delaware counsel. MOUNTAIN VISTA: David Stapleton Named Chapter 11 Trustee -------------------------------------------------------- The U.S. Justice Department's bankruptcy watchdog overseeing the Chapter 11 case of Mountain Vista Holdings, LLC appointed an independent trustee to take over the case. In a Jan. 14 notice filed with the U.S. Bankruptcy Court for the Central District of California, Peter Anderson, the U.S. Trustee for Region 16, disclosed the appointment of David Stapleton as Chapter 11 trustee for Mountain Vista Holdings. The appointment follows the court's Jan. 8 order directing the U.S. Trustee to appoint an independent trustee in lieu of dismissal of the bankruptcy case. The same order denied, without prejudice, the motion by Wenqiang Bian, trustee of the Bian Lao Living Trust, to dismiss the case. Attorney for the Bian Liao Living Trust: Kit James Gardner, Esq. Law Offices of Kit J. Gardner 501 W. Broadway, Suite 800 San Diego, CA 92101-7994 Telephone: (619) 525-9900 Facsimile: (619) 374-2241 kgardner@gardnerlegal.com About Mountain Vista Holdings LLC Mountain Vista Holdings, LLC is a single-asset real estate company in Los Angeles, Calif. Mountain Vista Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-13296) on November 19, 2025, with $8,200,200 in assets and $4,786,000 in liabilities. D. Scott Abernethy, manager, signed the petition. Judge Scott C. Clarkson presides over the case. James Mortensen, Esq., at Socal Law Group, PC represents the Debtor as bankruptcy counsel. N & S HOSPITALITY: Gets Extension to Access Cash Collateral ----------------------------------------------------------- N & S Hospitality Group, Inc. received another extension from the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division, to use cash collateral. At the January 12 hearing, the court authorized the Debtor's continued use of cash collateral and scheduled a final hearing for February 25. The Debtor was initially authorized to access cash collateral to fund its operations under the court's interim order entered on December 5, 2025. This cash collateral consists of funds secured by pre-bankruptcy lenders including the U.S. Small Business Administration. The Debtor's obligations under pre-bankruptcy loan agreements include a promissory note, deed of trust, security agreements, and guaranties, which secure real estate, personal property, intellectual property, and business assets. Adequate protection for the lenders includes monthly payments, replacement liens on all current and after-acquired property of the Debtor, superpriority administrative claims, monthly reporting requirements, and maintenance of insurance covering the collateral. About N & S Hospitality Group Inc. N & S Hospitality Group Inc. is a Texas-based enterprise that owns, manages, and operates businesses within the hospitality sector. Its portfolio generally spans hotels, lodging facilities, restaurants, and related service offerings designed to accommodate both business and leisure travelers. N & S Hospitality Group Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-52793) on November 17, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael M. Parker handles the case. The Debtor is represented by Paul S. Hacker, Esq. of Hacker Law Firm. NEO ASSETS: Seeks to Use Cash Collateral ---------------------------------------- NEO Assets, LLC asks the U.S. Bankruptcy Court for the Northern District of California, San Jose Division, for authority to use cash collateral and provide adequate protection. The cash collateral consists primarily of post-petition rents generated from its 50-unit multifamily apartment complex, which qualifies as single-asset real estate under 11 U.S.C. section. The Debtor proposes a narrowly tailored and fully budgeted use of cash collateral that provides adequate protection to all secured creditors, including paying approximately $150,000 per month to the senior deed of trust holder, CTBC Bank Corporation (USA), and $6,600 per month to the junior deed of trust holders, Helen Liu and Jonathan Guan, while continuing to fund operating expenses necessary to preserve the property. Even after such payments, the property generates an estimated $35,000 in monthly net cash flow, preserving equity for creditors. The property has substantial equity, with a market value of roughly $38 million against total secured debt of $25 million. The Debtor asserts that without interim authorization, it would face immediate and irreparable harm, including inability to maintain operations, pay taxes and insurance, or comply with the Single Asset Real Estate requirements under section 362(d)(3). Adequate protection is offered through continued contract-rate payments to lienholders, maintenance of insurance and property, preservation of positive cash flow, and replacement liens as required. The request is supported by a six-month budget reflecting gross rents of over $300,000 per month, full operating and lienholder payments, and a monthly surplus, demonstrating the feasibility and prudence of the cash collateral use. The Debtor requests interim relief through the earlier of the entry of a final cash collateral order, 90 days from the interim order, or further court order, to ensure uninterrupted operation and protection of estate value. A court hearing is scheduled for January 27. A copy of the motion is available at https://urlcurt.com/u?l=1NR2Lt from PacerMonitor.com. About NEO Assets LLC NEO Assets, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-50015) on January 6, 2026. In the petition signed by Lucy Cai, authorized representative, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Stephen L. Johnson oversees the case. Arasto Farsad, Esq., at Farsad Law Office, P.C., represents the Debtor as legal counsel. NEW HEALTH: Seeks 120-Day Extension of Plan Filing Deadline ----------------------------------------------------------- New Health Solutions, LLC asked the U.S. Bankruptcy Court for the Western District of Pennsylvania to extend its exclusivity period to file a Chapter 11 plan for additional one-hundred twenty days. The Debtor is a business operating in the Commonwealth of Pennsylvania. The Debtor initiated this Chapter 11 case to restructure unsecured debts. The Debtor claims that it is currently in negotiations with creditors, the resolution of which will significantly impact the creation of a feasible Chapter 11 Plan. The Debtor has complied with all of their post-filing Chapter 11 obligations. The Debtor explains that under Section 1121(b), a party filing for Chapter 11 has one-hundred twenty days from the order for relief to exclusively file a plan for reorganization, after that, creditors or other parties in interest may file their own proposed plans. New Health Solutions, LLC is represented by: Brian C. Thompson, Esq. THOMPSON LAW GROUP, P.C. 301 Smith Drive, Suite 6 Cranberry Township, PA 16066 Telephone: (724) 799-8404 Facsimile: (724) 799-8409 E-mail: bthompson@thompsonattorney.com About New Health Solutions New Health Solutions, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 25-22772-CLB) on Oct. 15, 2025. At the time of the filing, Debtor estimated assets up to $50,000 and liabilities between $100,001 and $500,000. Thompson Law Group, P.C., is the Debtor's legal counsel. NICKLAUS COMPANIES: Jack Nickalaus Fails to Block $18MM Financing ----------------------------------------------------------------- Randi Love of Bloomberg Law reports that a Delaware bankruptcy judge has rejected Jack Nicklaus' bid to block $17 million in financing for his former golf services company, allowing a loan from affiliates of Howard Milstein to move forward. Judge Craig T. Goldblatt ruled that the deal may proceed pending clarification over which intellectual property assets are covered. The financing grants FundNick LLC and PMP Nick LLC rights related to Nicklaus-branded intellectual property, including the Golden Bear mark. Nicklaus has objected to the arrangement, saying it risks transferring trademarks he owns, setting up a continued dispute over control of the legendary golfer's brand, the report states. 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 PROPERTY: Case Summary & Nine Unsecured Creditors ------------------------------------------------------- Debtor: Noble Property LLC 2822 Pine Tree Drive, #2 Miami Beach, FL 33140 Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-10407 Judge: Hon. Robert A Mark Debtor's Counsel: Rodolfo H De La Guardia, Esq. DE LAW GUARDIA & SALADRIGAS 2000 NW 89th Place, Suite 201 Miami, FL 33172 Tel: (305) 443-4217 E-mail: Pleadings@bkclawmiami.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Nabil Abu Nahlah as member. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XZN4IZA/Noble_Property_LLC__flsbke-26-10407__0001.0.pdf?mcid=tGE4TAMA NOR-WES INC: U.S. Trustee Appoints Creditors' Committee ------------------------------------------------------- David Asbach, Acting U.S. Trustee for Region 5, appointed an official committee to represent unsecured creditors in the Chapter 11 case of Nor-Wes, Inc. The committee members are: 1. SeatonHill Partners, LP Charles Michel 777 Main Street, Suite 600 Fort Worth, TX 76102 Chas.Michel@seatonhill.com 972-672-1220 2. North Star Aviation, Inc Steve Rice P.O. Box 412 Ulysses, KS 67880 Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Nor-Wes Inc. Nor-Wes, Inc., based in Shreveport, Louisiana, provides aerial application and aviation services for the agricultural sector, including crop dusting, and operates aircraft maintenance and management across several U.S. states for commercial agricultural customers. Nor-Wes, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-11534) on December 19, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge John S. Hodge handles the case. The Debtor is represented by Robert W. Raley, Esq. NORCOLD LLC: Secures Court OK for Chapter 11 Disclosure Statement ----------------------------------------------------------------- Emily Lever of Law360 reports that Norcold LLC received court approval Wednesday, January 14, 2026, from a Delaware bankruptcy judge to distribute its disclosure statement to creditors for a vote on the company's reorganization plan. The official committee of unsecured creditors had reviewed the updated document and expressed satisfaction with the changes implemented by the debtor. The disclosure statement outlines key aspects of the Chapter 11 plan, including asset valuations, creditor recoveries, and other financial details, enabling creditors to cast their votes based on fully updated information, the report states. About Norcold LLC Norcold LLC is a recreational vehicle refrigerator manufacturer. Norcold LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11933) on November 3, 2025. In its petition, the Debtor reports more than $300 million. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Sean Matthew Beach, Esq., Simcha Trager, Esq., Matthew Barry Lunn, Esq., Roger Sharp, Esq., Rodney Square, Esq., and Jared W Kochenash, Esq. of Young Conaway. NORDICUS PARTNERS: Closes Private Share Offering to 10 Investors ---------------------------------------------------------------- In December 2025, Nordicus Partners Corporation issued to 10 private investors a total of 131,000 restricted shares of its common stock, par value $0.01 per share. The price per share was $2.75. On January 5, the Company determined to close the private offering of such shares on these terms. The shares of common stock have not been registered under the Securities Act of 1933, as amended, or any state or other applicable jurisdiction's securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdiction's securities laws. About Nordicus Partners Headquartered in Beverly Hills, Calif., Nordicus Partners Corporation is a financial consulting company specializing in providing Nordic companies with the best possible conditions to establish themselves in the U.S. market. The Company leverages management's combined 90+ years of experience in the corporate sector, serving in various capacities both domestically and globally. Additionally, Nordicus operates as a business incubator, offering support resources and services such as office space, legal and accounting services, and marketing expertise to facilitate a smooth transition for companies entering the U.S. marketplace. Spokane, Washington-based Fruci & Associates II, PLLC, the Company's auditor since 2023, issued a "going concern" qualification in its report dated July 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, citing that the Company has nominal revenue and has incurred losses since inception resulting in an accumulated deficit. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company's recent acquisitions, its generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next 12 months with existing cash on hand and the private placement of Common Stock. As of September 30, 2025, the Company had $75.8 million in total assets, $11.2 million in total liabilities, and $64.7 million in total stockholders' equity. NORTH COUNTRY: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of North Country Healthcare, Inc. About North Country Health Care Inc. North Country HealthCare, Inc. is a federally qualified community health center in Flagstaff, Ariz., which provides comprehensive primary and preventive healthcare services, including medical, dental, behavioral health, and specialty care, to patients across Northern Arizona. The organization operates clinics in 11 communities along the I-40 corridor and surrounding rural and underserved areas, offering services such as family medicine, pediatrics, obstetrics and gynecology, telemedicine, and health screenings. Founded in 1991 as the Flagstaff Community Free Clinic, it has since expanded into the region's primary community health center. North Country HealthCare also supports education and clinical training for healthcare students. North Country Health Care sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on December 24, 2025, listing between $10 million and $50 million in both assets and liabilities. Judge Paul Sala oversees the case. The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones & Giles, PLC. NOVATECH FS: Case Summary & Two Unsecured Creditors --------------------------------------------------- Debtor: Novatech FS 1417 Wild Wolf Way Reno, NV 89521 Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court District of Nevada Case No.: 26-50035 Judge: Hon. Hilary L Barnes Debtor's Counsel: Stephen R. Harris, Esq. HARRIS LAW PRACTICE LLC 850 E. Patriot Blvd. Suite F Reno, NV 89511 Tel: 775-786-7600 Fax: 775-786-7764 Email: steve@harrislawreno.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Rafael Cappucci 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/LXFEYLA/NOVATECH_FS__nvbke-26-50035__0001.0.pdf?mcid=tGE4TAMA O.RHYAN CAPITAL: Robert Goe Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 16 appointed Robert Goe, Esq., a practicing attorney in Irvine, Calif., as Subchapter V trustee for O.Rhyan Capital Management, LLC. Mr. Goe will be paid an hourly fee of $545 for his services as Subchapter V trustee while his case administrator, Arthur Johnston, will be paid an hourly fee of $195. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Mr. Goe declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Robert P. Goe, Esq. 17701 Cowan Building D, Suite 210 Irvine, CA 92614 Telephone: (949) 798-2460 Facsimile: (949) 955-9437 bktrustee@goeforlaw.com About O.Rhyan Capital Management O.Rhyan Capital Management, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-10037) on January 7, 2026, with $500,001 to $1 million in assets and liabilities. Judge Mark D. Houle presides over the case. OCEAN PARKWAY: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------ On January 8, 2026, Ocean Parkway BH 26 LLC filed for Chapter 11 protection in the Eastern District of New York bankruptcy court. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Ocean Parkway BH 26 LLC Ocean Parkway BH 26 LLC is a New York–based real estate holding company. The Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40102) on January 8, 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 Nancy Hershey Lord handles the case. The Debtor is represented by James B. Glucksman, Esq., of Davidoff Hutcher & Citron LLP. OFFICE PROPERTIES: Recovery for Unsecureds Still to Be Determined ----------------------------------------------------------------- Office Properties Income Trust and its affiliates filed with the U.S. Bankruptcy Court for the Southern District of Texas a Disclosure Statement describing Joint Plan of Reorganization dated January 9, 2026. OPI is a real estate investment trust, or REIT, formed in 2009 under Maryland law. The Company owns and leases high-quality office and mixed-use properties in select, growth-oriented U.S. markets. OPI was initially a wholly owned subsidiary of HRPT Properties Trust (subsequently known as CommonWealth REIT) ("HRPT"). With 29 majority-government-leased properties at its inception, OPI, initially a subsidiary of HRPT, completed its initial public offering in June 2009, becoming a separate, publicly owned company. HRPT (then known as CommonWealth REIT) was the Company's largest shareholder until March 2013, when CommonWealth REIT sold all of the OPI common shares it held in a public offering. After evaluating various competing restructuring and financing proposals, these negotiations culminated in the Debtors and the Consenting Creditors, together with RMR, entering into a restructuring support agreement, dated as of October 30, 2025 (including any amendments, modifications and joinders thereto, the "Restructuring Support Agreement"). Under the terms of the Restructuring Support Agreement, the Consenting Creditors have agreed, subject to the terms and conditions of the Restructuring Support Agreement, to support a restructuring of the Debtors' existing capital structure and operations in chapter 11 and to vote to accept the Plan. Following the commencement of the Chapter 11 Cases, the Debtors and the Ad Hoc Groups reengaged in negotiations pursuant to a Bankruptcy Court-ordered mediation (the "First Mediation"), presided over by the Honorable Marvin Isgur, as mediator, to reach a comprehensive global restructuring settlement. Despite good faith negotiations over the course of several weeks, the parties to the First Mediation were unable to reach agreement and, accordingly, the First Mediation terminated on December 22, 2025. Despite the termination of the First Mediation, the Debtors, the September 2029 Ad Hoc Group, the Unsecured Notes Ad Hoc Group, and the Official Committee of Unsecured Creditors (the "Committee") agreed that a further, separate mediation (the "Second Mediation") would be beneficial to aid discussions on remaining issues among them and facilitate consensus with respect to the Debtors' proposed Restructuring. The Second Mediation commenced on January 5, 2026, and the Honorable Marvin Isgur again agreed to serve as mediator. The Second Mediation is ongoing and the parties thereto continue to engage in good-faith negotiations. However, as a settlement may not materialize, the Debtors seek to implement the transactions contemplated by the Plan, as they believe the Restructuring contemplated by the Plan and the Restructuring Support Agreement provides the Debtors with a viable path forward and a framework to successfully exit chapter 11 in a timely fashion. The proposed Restructuring will leave the Debtors' business intact and significantly deleverage the Debtors' capital structure, as its total funded indebtedness will be reduced from approximately $2.4 billion to approximately $1.3 billion, an approximately 46% debt reduction relative to the debt balance as of the Petition Date. This deleveraging will enhance the Debtors' position in a challenging real estate financing market and allow the Debtors to emerge from chapter 11 with a healthier balance sheet and the ability to continue owning and leasing office properties to high-credit quality tenants in markets throughout the United States. The Plan contemplates certain transactions, including, without limitation, the following transactions: * The Chapter 11 Cases are being financed by a $125 million non-priming, secured debtor-in-possession term loan facility funded by certain holders of the September 2029 Senior Secured Notes (the "DIP Facility"). * To fund certain recoveries under the Plan, OPI will issue secured notes (the "Secured Exit Notes") on the effective date of the Plan (the "Effective Date"), in the aggregate principal amount of up to $420 million. The Secured Exit Notes will generally be guaranteed by the same entities that guaranteed the September 2029 Senior Secured Notes and secured by the same collateral that secures the September 2029 Senior Secured Notes, subject to a customary intercreditor agreement, and the DIP Facility, subject to certain limitations. The Secured Exit Notes will bear interest at 10% annually, payable in cash, with a maturity date of five years from the Effective Date. * The Debtors will conduct certain equity rights offerings (the "Equity Rights Offerings"), which all Eligible Holders of Allowed Unsecured Notes Claims, Allowed 2027 Unsecured Claims, and Allowed September 2029 Unsecured Claims will be entitled to participate in. The Equity Rights Offerings comprise two offerings—"ERO A," open to Allowed Unsecured Notes Claims, Allowed 2027 Unsecured Claims, and Allowed September 2029 Unsecured Claims, with proceeds being used to pay exit costs, and "ERO B," open to Allowed Unsecured Notes Claims, with proceeds to be used to pay down DIP Facility claims in cash. Class 10 consists of Unsecured Notes Claims. On or as soon as reasonably practicable after the Effective Date, except to the extent that a Holder of an Unsecured Notes Claim agrees to less favorable treatment of its Allowed Unsecured Notes Claim, in full and final satisfaction, settlement, release, and discharge and in exchange for each Allowed Unsecured Notes Claim, each Holder of an Allowed Unsecured Notes Claim shall receive, at the option of the Debtors or Reorganized Debtors (as applicable) with the consent of the Required September 2029 Senior Secured Noteholders: * its Pro Rata Share of the Parent Equity Pool in a manner consistent with the provisions of section 1129(a)(7) of the Bankruptcy Code; and * to the extent such Holder is an Eligible Offeree as of the Applicable Times and Equity Rights Offerings are solicited, ERO A Subscription Rights and ERO B Subscription Rights in accordance with the Equity Rights Offering Documents and the Plan and subject to the Equity Rights Offering Procedures. Class 11 consists of Parent General Unsecured Claims. On or as soon as reasonably practicable after the Effective Date, except to the extent that a Holder of a Parent General Unsecured Claim agrees to less favorable treatment of its Allowed Parent General Unsecured Claim, in full and final satisfaction, settlement, release, and discharge and in exchange for each Allowed Parent General Unsecured Claim, each Holder of such Allowed Parent General Unsecured Claim shall receive treatment in a manner consistent with the provisions of section 1129(a)(7) of the Bankruptcy Code. Class 12 consists of Subsidiary General Unsecured Claims. On or as soon as reasonably practicable after the Effective Date, except to the extent that a Holder of a Subsidiary General Unsecured Claim agrees to less favorable treatment of its Allowed Subsidiary General Unsecured Claim, in full and final satisfaction, settlement, release, and discharge and in exchange for each Allowed Subsidiary General Unsecured Claim, each Holder of such Allowed Subsidiary General Unsecured Claim shall receive its Pro Rata Share of the Priority Guarantee Equity Pool up to its Pro Rata Share of the Subsidiary General Unsecured Claim Distributable Value at the applicable Subsidiary Debtor. The Disclosure Statement still has blanks as to the estimated allowed amount and percentage recovery for holders of unsecured claims. Pursuant to sections 363 and 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distribution, releases, and other benefits provided under this Plan, upon the Effective Date, the provisions of this Plan shall constitute a good faith compromise and settlement of all Claims, Interests, and controversies relating to the contractual, legal, and subordination rights that a Claim or an Interest Holder may have with respect to any Allowed Claim or Allowed Interest or any distribution to be made on account of such Allowed Claim or Allowed Interest, including pursuant to the transactions set forth in the Transaction Steps Exhibit, if any. Based upon such Financial Projections, the Debtors conclude they will have sufficient resources to make all payments required pursuant to the Plan and that confirmation of the Plan is not likely to be followed by liquidation or the need for further reorganization. The Financial Projections assume that the Plan will be consummated in accordance with its terms and that all transactions contemplated by the Plan will be consummated on or prior to an Effective Date of May 3, 2026. A full-text copy of the Disclosure Statement dated January 9, 2026 is available at https://urlcurt.com/u?l=68ODsx from PacerMonitor.com at no charge. Counsel for the Debtors: HUNTON ANDREWS KURTH LLP Timothy A. (“Tad”) Davidson II, Esq. Ashley L. Harper, Esq. Philip M. Guffy, Esq. 600 Travis Street, Suite 4200 Houston, TX 77002 Telephone: (713) 220-4200 Email: taddavidson@hunton.com ashleyharper@hunton.com pguffy@hunton.com LATHAM & WATKINS LLP Ray C. Schrock, Esq. Andrew M. Parlen, Esq. Anupama Yerramalli, Esq. Ashley Gherlone Pezzi, Esq. Anthony R. Joseph, Esq. 1271 Avenue of the Americas New York, New York 10020 Telephone: (212) 906-1200 Email: ray.schrock@lw.com andrew.parlen@lw.com anu.yerramalli@lw.com ashley.pezzi@lw.com anthony.joseph@lw.com About Office Properties Income (OPI) Trust Office Properties Income (OPI) Trust is a national REIT focused on owning and leasing office properties to high-credit-quality tenants in markets throughout the United States. OPI's property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment-grade-rated tenants. In 2024, OPI was named an Energy Star(R) Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing, and operating commercial real estate. OPI is headquartered in Newton, Massachusetts. Office Properties Income Trust and 72 affiliates filed separate petitions for Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 25-90530) on October 30, 2025, before the Hon. Christopher M Lopez. As of Sept. 30, 2025, Office Properties Income Trust has 3,501,385,950 in total assets and$2,501,583,119 in total liabilities. The petitions were signed by John R. Castellano, their chief restructuring officer. Lawyers at Latham & Watkins LLP and Hunton Andrews Kurth LLP serve as the Debtors' counsel. Moelis & Company serves as the Debtors' investment banker and AlixPartners LLP as their restructuring advisors. Kroll Restructuring Administration LLC serves as the Debtors' claims, noticing & solicitation agent. White & Case LLP represents an ad hoc group of noteholders holding 90% senior secured notes due in September 2029 with an aggregate outstanding principal amount of $567,429,000. Milbank LLP and Porter Hedges LLP represent an ad hoc group of secured noteholders holding 3.25% senior secured notes due in 2027. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Munsch Hardt Kopf & Harr, P.C. represent an ad hoc group of secured noteholders holding (a) 90% senior secured notes due in March 2029; (b) 90% senior secured notes due 2029; (c) 3.25% senior secured notes due 2027 and (d) a short position in OPI's common equity interests. Acquiom Agency Services, LLC, is the DIP agent and is represented by White & Case LLP. OID-OL INTERMEDIATE: Credit Suisse Marks $1.5MM Loan at 15% Off --------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,591,000 loan extended to OID-OL Intermediate I LLC to market at $1,356,585 or 85% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to OID-OL Intermediate I LLC. The loan accrues interest at 8.24% per annum. The loan matures on February 1, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About OID-OL Intermediate I LLC OID-OL Intermediate I LLC operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes. OLD WORLD HOMES: Case Summary & Five Unsecured Creditors -------------------------------------------------------- Debtor: Old World Homes, LLC 3441 West 22nd Avenue Denver, CO 80211 Business Description: Old World Homes, LLC, classified as a single-asset real estate entity, is a Colorado-based limited liability company that holds ownership of a single-family residential property located at 3441 W 22nd Ave, Denver, CO, 80211. Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-10213 Judge: Hon. Michael E Romero Debtor's Counsel: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street Suite 200 Littleton, CO 80120 Tel: 303-296-1999 E-mail: agarber@wgwc-law.com Total Assets: $1,795,129 Total Liabilities: $1,708,954 The petition was signed by Monica Sweere as managing member. A copy of the Debtor's list of five unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VPFMTHY/Old_World_Homes_LLC__cobke-26-10213__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VGCNZEY/Old_World_Homes_LLC__cobke-26-10213__0001.0.pdf?mcid=tGE4TAMA OPORTO INVESTMENTS: Seeks Chapter 11 Bankruptcy in Texas -------------------------------------------------------- On January 9, 2026, Oporto Investments, LLC, filed for Chapter 11 protection in the Northern District of Texas. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. About Oporto Investments, LLC Oporto Investments, LLC is a single asset real estate company. Oporto Investments, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40136) on January 09, 2026. In its petition, the Debtor reports estimated assets of $1MM–$10MM and estimated liabilities of $1MM–$10MM. The Honorable Mark X. Mullin is handling the case. The Debtor is represented by Joyce W. Lindauer, Esq. of Joyce W. Lindauer Attorney, PLLC. PAI PROPERTIES: Case Summary & One Unsecured Creditor ----------------------------------------------------- Debtor: PAI Properties LLC 3240 Old Columbus Rd NW Carroll OH 43112 Business Description: PAI Properties' principal asset is a roughly 27-acre property with improvements located at 3240 Old Columbus Rd. NW in Carroll, Ohio, within Fairfield County. A broker valuation places the property's value at about $2.1 million. Chapter 11 Petition Date: January 12, 2026 Court: United States Bankruptcy Court Southern District of Ohio Case No.: 26-50133 Judge: Hon. Mina Nami Khorrami Debtor's Counsel: David Whittaker, Esq. ALLEN STOVALL NEUMAN & ASTON LLP 10 West Broad Steet, Suite 2400 Columbus OH 43215 Tel: (614) 221-8500 Email: whittaker@asnalaw.com Total Assets: $2,100,013 Total Liabilities: $2,618,000 The petition was signed by Angelia Kirkbride as managing member. The Debtor identified Kemba Financial Credit Union, based in Gahanna, Ohio, as its only unsecured creditor, citing a $518,000 claim related to a commercial loan. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/G7ECQUA/PAI_Properties_LLC__ohsbke-26-50133__0001.0.pdf?mcid=tGE4TAMA PAI PROPERTIES: Seeks Chapter 11 Bankruptcy in Ohio --------------------------------------------------- On January 12, 2026, Pai Properties 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 $1 million and $10 million in debt owed to between one and 49 creditors. About Pai Properties LLC Pai Properties LLC is a commercial real estate ownership and property management company. Pai Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50133) on January 12, 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 Mina Nami Khorrami is presiding over the case. The debtor is represented by David M. Whittaker, Esq., of Allen Stovall Neuman & Ashton LLP. PALMETTO'S SMOKE: Seeks Chapter 7 Bankruptcy in South Carolina -------------------------------------------------------------- On January 12, 2026, Palmetto's Smoke House and Oyster Bar, LLC filed for Chapter 7 protection in the District of South Carolina bankruptcy court. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Palmetto's Smoke House and Oyster Bar, LLC Palmetto's Smoke House and Oyster Bar, LLC is a South Carolina–based restaurant business. The company sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00131) on January 12, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Helen E. Burris handles the case. The Debtor is represented by Robert H. Cooper, Esq., of The Cooper Law Firm. PAPPAS PIPING: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- Papas Piping Service, Inc. got the green light from the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, to use cash collateral to fund operations. The court issued an interim order authorizing the Debtor to use cash collateral in accordance with its budget until the final hearing on February 3. Secured creditors Live Oak Banking Company and Pirs Capital, LLC are adequately protected by the cash payments listed in the Debtor's budget. In case the Debtor's use of its pre-bankruptcy accounts receivable results in a decrease in the value of Live Oaks's interest, the secured creditor will be granted a replacement lien on the Debtor's post-petition accounts receivable, with the same validity, priority and extent as its pre-bankruptcy lien. The interim order is available at https://is.gd/rMHwtU from PacerMonitor.com. Papas is a long-established full-service design-build piping contractor specializing in commercial process and critical-infrastructure piping. Founded in 1988 and historically successful, the company began experiencing severe cashflow stress after its 2022 acquisition by William Butler through Ormond Corporation, which was financed by Live Oak. Shortly after the acquisition, the Debtor lost a major $3 million contract, faced a slowdown in new projects due to high interest rates and economic uncertainty, and struggled with operational and relationship challenges following the ownership transition. To fund payroll and materials, the Debtor relied on insider loans and high-interest merchant cash advance financing, creating an unsustainable debt burden. As liquidity tightened, the Debtor fell behind on obligations to Live Oak, and efforts to sell the Butlers' personal residence to reduce the secured debt repeatedly failed, leading to defaults, forbearance negotiations, and ultimately acceleration of Live Oak's loan. The Butlers were forced to file their own personal Chapter 11 case to facilitate a future home sale. Operationally, former founder Mike Pappas returned to assist with stabilizing the business, helping secure advances from customers, pay down high-interest debt, and bring vendor accounts substantially current, while Joshua Teeple was appointed as chief restructuring officer to oversee the turnaround. The Debtor reported a significant improvement in prospects, including approximately $11 million in specialty projects entering the design phase for 2026–2027 and additional anticipated plumbing revenue. The Chapter 11 filing on January 6 is intended to preserve operations, pay employees, and reorganize secured debt, particularly Live Oak's first-priority liens. About Papas Piping Service Inc. Papas Piping Service, Inc. is a full-service design-build piping contractor specializing in commercial process and critical-infrastructure piping. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10033) on January 6, 2026, listing up to $10 million in both assets and liabilities. Josh Teeple, chief restructuring officer, signed the petition. David A. Wood Esq., at Marshack Hays Wood, LLP, represents the Debtor as legal counsel. PATAGONIA HOLDCO: Credit Suisse Marks $1.4MM Loan at 23% Off ------------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $1,424,000 loan extended to Patagonia Holdco LLC to market at $1,101,537 or 77% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Patagonia Holdco LLC. The loan accrues interest at 9.984% per annum. The loan matures on August 1, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Patagonia Holdco LLC Patagonia Holdco LLC provides wireline telecommunication services. PATELBUI2 LLC: Seeks Chapter 7 Bankruptcy in Arizona ---------------------------------------------------- On January 8, 2026, Patelbui2, LLC, filed for Chapter 7 protection in the District of Arizona. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1-49 creditors. About Patelbui2, LLC Patelbui2, LLC is a limited liability company. The company sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00205) on January 8, 2026. In its petition, the Debtor reported estimated assets of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Brenda Moody Whinery handles the case. The Debtor is represented by William E. Markov, Esq., of Hartley Markov Law. PERATON CORP: Credit Suisse Marks $543,000 Loan at 48% Off ---------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $543,000 loan extended to Peraton Corp. to market at $280,851 or 52% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Peraton Corp. The loan accrues interest at a rate of 12.048% per annum. The loan matures on February 1, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Peraton Corp. Peraton Inc. is a privately held American national security and technology company formed in 2017. It is headquartered in Reston, Virginia. PES HOLDINGS: Credit Suisse Virtually Writes Off $2.8MM Loan ------------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $2,885,000 loan extended to PES Holdings LLC to market at $25,244 or 1% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to PES Holdings LLC. The loan accrues interest at 3% per annum. The loan matures on December 31, 2025. "The Bond is currently in default." said the Fund. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About PES Holdings LLC PES Holdings, LLC operates as a holding company. The Company, through its subsidiaries, provides support services for oil and natural gas sectors. PLATINUM OILFIELD: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------ On January 2, 2026, Platinum Oilfield Services, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Western District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. About Platinum Oilfield Services, LLC Platinum Oilfield Services, LLC is a Texas-based energy services company that provides oilfield support, equipment, and operational services to oil and gas producers. Platinum Oilfield Services, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70005) on January 2, 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 Shad M. Robinson handles the case. The Debtor is represented by Brandon John Tittle, Esq. of Tittle Law Firm, PLLC. PLEASANT HEIGHTS: Mark Politan Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Mark Politan, Esq., at Politan Law, LLC, as Subchapter V trustee for Pleasant Heights, Inc. Mr. Politan will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Politan declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark J. Politan, Esq. Politan Law, LLC 88 East Main Street #502 Mendham, NJ 07945 Cell: (973) 768-6072 mpolitan@politanlaw.com About Pleasant Heights Inc. Pleasant Heights, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10109) on January 06, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Stacey L. Meisel presides over the case. Scott J. Goldstein, Esq. at the Law Offices Of Wenarsky And Goldstein, LLC represents the Debtor as legal counsel. PMHC II INC: Credit Suisse Marks $423,000 Loan at 17% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $423,000 loan extended to PMHC II, Inc. to market at $351,211 or 83% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to PMHC II, Inc. The loan accrues interest at a 10.177% per annum. The loan matures on April 21, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, New York 10019 Telephone: (212) 325-2000 About PMHC II, Inc. PMHC II, Inc. (also known as Prince International Corp.) is a global specialty chemicals manufacturer, now part of Vibrantz Technologies Inc., specializing in minerals and additives for industries like construction, electronics, and automotive, and is majority-owned by American Securities. POLAR US: Credit Suisse Marks $1.7MM Loan at 88% Off ---------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,766,000 loan extended to Polar U.S. Borrower LLC to market at $209,728 or 12% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Polar U.S. Borrower LLC. The loan accrues interest at 0.75% per annum. The loan matures on October 16, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Polar U.S. Borrower LLC Polar US Borrower, LLC manufactures chemical products. POLAR US: Credit Suisse Marks $1MM Loan at 88% Off -------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,012,000 loan extended to Polar U.S. Borrower LLC to market at $120,150 or 12% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Polar U.S. Borrower LLC. The loan accrues interest at zero interest per annum. The loan matures on October 16, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Polar U.S. Borrower LLC Polar US Borrower, LLC manufactures chemical products. PPS REALTY: Seeks Chapter 11 Bankruptcy in New Jersey ----------------------------------------------------- On January 7, 2026, PPS Realty 800 George St., LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About PPS Realty 800 George St., LLC PPS Realty 800 George St., LLC is a New Jersey-based real estate holding company associated with the ownership and management of the commercial property located at 800 George Street. PPS Realty 800 George St., LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10135) on January 7, 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 Debtor is represented by Robert C. Nisenson, Esq. of Robert C. Nisenson, LLC. PPW REALTY: Seeks Chapter 11 Bankruptcy in New Jersey ----------------------------------------------------- On January 7, 2026, PPW Realty 1408-10 W 3rd St LLC filed for Chapter 11 protection in the District of New Jersey bankruptcy court. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About PPW Realty 1408-10 W 3rd St LLC PPW Realty 1408-10 W 3rd St LLC is a single asset real estate company. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10131) on January 7, 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 Stacey L. Meisel handles the case. The Debtor is represented by Robert C. Nisenson, Esq., of Robert C. Nisenson, LLC. PROMETRIC HOLDINGS: Moody's Affirms B2 CFR, Outlook Stable ---------------------------------------------------------- Moody's Ratings affirmed Prometric Holdings Inc.'s (Prometric) B2 Corporate Family Rating and B2-PD Probability of Default Rating. In line with Moody's loss given default methodology, Moody's also downgraded the ratings on the existing senior secured first lien credit facility, consisting of a $75 million revolving credit facility due June 2030 and upsized term loan due June 2032, to B2 from B1. The company is upsizing the existing $585 million original principal term loan by $200 million. The rating outlook remains stable. Prometric plans to issue a $200 million of incremental first lien term loan debt due June 2032, with proceeds used to fund a $127 million shareholder distribution that returns capital contributed by the sponsor in 2023 and to repay a $70 million structurally subordinated, unsecured HoldCo PIK note. The transaction is credit negative because it will increase Moody's adjusted debt-to-EBITDA leverage (including Holdco debt) to 5.7x from 4.8x, and reduce free cash flow by increasing cash interest expense. Moody's nevertheless affirmed the existing ratings including the B2 CFR with a stable outlook because Moody's expects that Prometric will deleverage to the low 5.0x range over the next 12 to 18 months, supported by continued revenue and EBITDA growth, although Moody's expects the pace of growth to slow during this period. Prometric has benefited from new contract wins, high retention rates, and expansion into attractive markets. The new markets include Australia for immigration-related English language assessments and expansion into Canada's university admission business, both of which offer higher margins. Demand for English language assessments related to immigration in Canada and Japan remains stable, but growth is expected to moderate due to targeted reductions in immigration volumes. While Prometric does not hold exclusive contracts in this area and is exposed to policy risk, long-term demographic trends, notably increasing immigration, provide structural support. Immigration-related language testing has delivered high double-digit growth and now represents a significant portion of total company growth, providing valuable diversification from Prometric's core high-stakes testing business. The core business, assessment delivery, remains the dominant segment and has achieved low single-digit growth, while its reduced share of total revenue has contributed to a more diversified business mix. Growth drivers include select customer expansion, the introduction of pricing escalators in contracts, incremental revenue from additional services, and new business wins. A renewed push to return most testing to in-center formats, rather than remote, is also a positive for this segment. These factors have resulted in strong revenue growth of approximately 15 percent during fiscal year ended September 30, 2025. Free cash flow has strengthened due to higher testing volumes and completion of some sizable capital spending initiatives, including cloud migration, enhancements to remote testing technology, and ERP implementation. Moody's expects free cash flow to debt to remain in the mid-single digit range over the next 12 months. The downgrade of the senior secured first lien credit facility rating to B2 from B1 reflects the repayment of the senior unsecured HoldCo PIK note and increase in the size of the credit facility. These changes in the debt structure eliminate the loss-absorption cushion to the now larger first lien credit facility. As a result, the increase in the loss given default (LGD) on the first lien debt leads to lower instrument ratings since the CFR is not changing. RATINGS RATIONALE The B2 CFR reflects Prometric's modest scale, elevated financial leverage of 5.7x debt-to-EBITDA for the twelve months ended September 30, 2025 pro forma for the proposed financing, and customer concentration risks. Operating earnings improved over the past two years due to higher testing volumes, new business wins, and completed initiatives to optimize test center utilization and rationalize the network. Prometric operates over 6,000+ secure testing centers across more than 160 countries, which enhances its ability to attract and retain customers. The ratings are also supported by the company's established position in the testing and assessment services market, along with long-standing customer relationships and multi-year contracts. These characteristics provide strong revenue visibility. Moody's expects retention rates to remain in the high 90's. Prometric also benefits from moderate cyclical exposure, as educational-related testing volumes tend to rise during economic downturns, offsetting declines in more economically sensitive segments such as for employment. The addition of remote testing capabilities has further reduced the risk of client losses compared to when the company relied solely on in-center testing capabilities several years ago. Liquidity, on a pro forma basis for the transaction, remains good. Prometric had $14 million in cash and $60 million available on its $75 million revolving credit facility maturing in 2030. Additionally, Moody's projects positive free cash flow between $25 - $35 million over the next 12 months. These cash flows are expected to provide adequate coverage of the $7.9 million in required annual term loan amortization. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The stable outlook reflects Moody's expectations that Prometric will continue improving its operating earnings over the next 12-18 months through modest revenue growth, margin expansion and consistent cash generation. The outlook also incorporates the expectation that, following this transaction in which the sponsor has withdrawn the support capital provided in 2023, the sponsor will maintain a balanced financial policy, avoiding further dividend distributions and focusing on deleveraging. The ratings could be upgraded if the company increases testing volume, revenue and earnings, diversifies its customer base, sustains debt-to-EBITDA leverage below 4.0x; and maintains free cash flow as a percentage of debt in the high single-digits. The ratings could be downgraded if revenue and earnings decline due to factors such as lower testing volume, customer losses, increased competition or higher operating costs. Weak free cash flow, debt-to-EBITDA above 5.5x, or a deterioration in liquidity could also lead to a downgrade. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. Prometric, headquartered in Baltimore, Maryland, is a provider of testing and assessment services to educational testing providers, associations, and corporations globally. Prometric was acquired by funds affiliated with BPEA EQT in January 2018. The company generated about $472 million of revenue for the trailing twelve months ended September 30, 2025. PROSOURCE MACHINERY: Files Amendment to Disclosure Statement ------------------------------------------------------------ ProSource Machinery, LLC, submitted a First Amended Disclosure Statement describing First Amended Plan of Reorganization dated January 8, 2026. The Plan provides for the continued operation of the Debtor, payments as required under the Bankruptcy Code to the Holders of Allowed Administrative and Priority Tax Claims, payments to secured creditors, and payments of $116,020.00 over a five-year period to the Holders of Allowed Unsecured Claims. Early on in the case, the Debtor employed Neil Goldstein of Elementary Business, Inc. as Chief Restructuring Officer. The Debtor initiated three adversary cases against merchant cash advance companies: Specialty Capital, LLC; Retail Capital, LLC; and Capital Express, Inc. The Debtor obtained a default judgment in the Capital Express, Inc. adversary proceeding avoiding Capital Express, Inc.'s lien, among other relief. The Debtor has settled the Specialty Capital, LLC adversary proceeding. A motion to approve the settlement agreement is pending before the Court. Once approved, Specialty Capital, LLC's claim will be treated as an unsecured claim. The Retail Capital, LLC adversary proceeding remains pending. Class 4 consists of the Allowed Secured and Unsecured Claim of Oakmont Capital Holdings, LLC. The secured portion of Oakmont’s Claim shall be treated as follows. For each vehicle or piece of machinery or equipment, as shown on the chart above, the Debtor shall continue making the normal monthly payments, with interest at the contract rate, for fifty-nine months. For example, for the ST37 CTL, Wacker, 75 with an estimated value of $53,000.00 the Debtor shall continue to make the ordinary monthly payment of $990.79 (which includes 3.99% monthly interest) for 59 months until the maturity date of August 15, 2030 so that a total of $58,457.00 is paid for such piece of equipment under this Plan. Oakmont obtained relief from the automatic stay with respect to four pieces of equipment not identified in the above chart. Oakmont shall be entitled to take possession of and liquidate the four pieces of equipment, and any resulting deficiency shall be treated as an Unsecured Claim in Class 17. Class 13 consists of the Allowed Unsecured Claim of Specialty Capital, LLC. The Claim of Specialty was formerly secured by the Debtor's accounts receivable. Pursuant to Section 506(a) of the Bankruptcy Code, because after application of senior liens the remaining value of the collateral is zero, Specialty holds no allowed secured claim. Accordingly, and pursuant to a settlement agreement between Debtor and Specialty, Specialty's claim shall be treated as a general unsecured claim and shall receive the same distribution as other allowed Unsecured Claims under this Plan. Any lien asserted by Specialty shall be deemed void and of no further force or effect as of the Effective Date. Specialty's Claim is Impaired. Class 14 consists of the Unsecured Claim of Capital Express NY. On September 16, 2025, default judgment entered against Capital Express (a) declaring the Agreement to be a loan rather than a true sale of accounts and that the Agreement is usurious and invalid; (b) declaring that Defendant has no secured claim against Debtor under Section 506(a) of the Bankruptcy Code; (c) avoiding the grant of a security interest from Debtor to Capital Express under 11 U.S.C. § 544; and (d) avoiding all transfers of lien interest by Debtor to Capital Express under Section 548 of the Bankruptcy Code. Accordingly, Capital Express's Claim shall be entirely disallowed. Any lien asserted by Capital Express shall be deemed void and of no further force or effect as of the Effective Date. Capital Express's Claim is Impaired. Like in the prior iteration of the Plan, holders of Class 17 Allowed General Unsecured Claims shall share on a Pro Rata basis monies deposited into the Unsecured Creditor Account as set forth herein. The Debtor will deposit for the five-year term of the Plan: (a) during the first year of the Plan $28,636.00 ($2,386.33 per month); (b) during the second year of the Plan $44,980.00 ($3,748.31 per month); (c) during the third year of the Plan $36,696.00 ($3,057.99 per month); (d) during the fourth year of the Plan $22,756.00 ($1,896.31 per month) and (e) during the fifth year of the Plan $19,805.00 ($2,475.56 per month). This amount represents 60% of the Debtor's projected available Cash at the end of each year. At the end of each calendar quarter, the balance of the Unsecured Creditor Account will be distributed to the Holders of Allowed Administrative Claims on a Pro Rata basis until such time as all Holders of Allowed Administrative Claims have been paid in full, then to any Allowed Priority Tax Claims on a Pro Rata Basis until paid in full, and then to Class 17 general unsecured creditors that hold Allowed Claims on a Pro Rata basis. There shall be no pre-payment penalty in the event the amount due for Unsecured Claims is paid early. Equity interest Holders are parties who hold an ownership interest (i.e., equity Interest) in the Debtor. The Claims of Equity Interest Holders are treated under Class 18 of the Plan. Upon confirmation of the Plan, the Class 18 Equity Interest Holder will retain his ownership in the Debtor. Payments due under the Plan will be made from Cash generated from the Reorganized Debtor's post-Confirmation operations. A full-text copy of the First Amended Disclosure Statement dated January 8, 2026 is available at https://urlcurt.com/u?l=vHPACJ from PacerMonitor.com at no charge. ProSource Machinery, LLC is represented by: David V. Wadsworth, Esq. Wadsworth Garber Warner Conrardy, P.C. 2580 W. Main St., Ste. 200 Littleton, CO 80120 Telephone: (303) 296-1999 Email: dwadsworth@wgwc-law.com About ProSource Machinery ProSource Machinery, LLC, sells and rents off-highway construction and mining equipment in Montana and Colorado. ProSource filed a Chapter 11 petition (Bankr. D. Colo. Case No. 25-11010) on Feb. 28, 2025, listing up to $10 million in assets and up to $50 million in liabilities. Derek Dicks, managing member of ProSource, signed the petition. Judge Kimberley H. Tyson oversees the case. David J. Warner, Esq., at Wadsworth Garber Warner Conrardy, P.C., is the Debtor's legal counsel. PROSPECT MEDICAL: Alleges California Buyer Failed to Pay for Assets ------------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reported that Prospect Medical Holdings Inc. asked a Texas bankruptcy judge to force completion of the sale of its California operations, arguing that buyer NOR Healthcare Systems has not lived up to its obligations under the deal. In a Sunday, January 11, 2025, filing in the U.S. Bankruptcy Court for the Northern District of Texas, Prospect said NOR has missed roughly $11.6 million in required payments, including postpetition accounts payable and capitation funding, putting the debtor at risk of administrative insolvency, according to report. About Prospect Medical Holdings Prospect Medical Holdings owns Roger Williams Medical Center, Our Lady of Fatima Hospital, and several other healthcare facilities. Prospect Medical and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80002) on Jan. 11, 2025. In the petition filed by Paul Rundell, as chief restructuring officer, Prospect listed assets and liabilities between $1 billion and $10 billion each. Bankruptcy Judge Stacey G. Jernigan handles the case. The Debtors' general bankruptcy counsel is Sidley Austin LLP, led by Thomas R. Califano, and Rakhee V. Patel, in Dallas, Texas; and William E. Curtin, Patrick Venter, and Anne G. Wallice, in New York. Alvarez & Marsal North America, LLC, is the Debtors' financial advisor; Houlihan Lokey, Inc., is the investment banker; and Omni Agent Solutions, Inc., is the claims, noticing and solicitation agent. PYRAMID CONCRETE: Seeks to Extend Plan Exclusivity to February 9 ---------------------------------------------------------------- Pyramid Concrete Pumping LLC asked the U.S. Bankruptcy Court for the Western District of Tennessee to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to February 9 and April 10, 2026, respectively. Since the Petition Date, the Debtor has worked diligently in its efforts to restructure its obligations. These efforts were unexpectedly hindered and delayed by no fault of the Debtor due to the unforeseen discovery of a breach of fiduciary duty by one of the equity holders of the Debtor that had a material impact on the operations of the Debtor and that had been going on unbeknownst to the other two equity holders for several months prior to the filing of this case. The Debtor explains that despite the setback, the company was on track to get a plan and disclosure statement filed by the expiration of the exclusivity period, January 12, 2026 but Debtor's counsel has been out sick for the past three weeks inhibiting the Debtor's ability to complete the plan. The Debtor files this Motion to request a limited, 30-day extension of the Filing Exclusivity Period by which it must file its Plan and Disclosure Statement. The Debtor requests this short extension to allow it the necessary time to complete and file the Plan. The Motion is not submitted for the purposes of delay and will not prejudice any party in interest in this case. Pyramid Concrete Pumping LLC is represented by: Bo Luxman, Esq. Luxman Law Firm 44 North Second Street, Suite 1004 Memphis, TN 38103 Telephone: (901) 526-7770 E-mail: bo@luxmanlaw.com About Pyramid Concrete Pumping Pyramid Concrete Pumping LLC provides concrete pumping services in Tennessee, offering line pumps, boom trucks and specialized trucks to handle residential, commercial and industrial projects. The company has more than two decades of industry experience and focuses on reliability and customer service. It serves as a contractor for concrete placement, including projects that require equipment capable of meeting complex or large-scale construction demands. Pyramid Concrete Pumping sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 25-24656) on September 12, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy JudgeÂ Denise E. Barnett the case. The Debtor is represented by Bo Luxman, Esq., at Luxman Law Firm. RAZAGHI DEVELOPMENT: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------------- The U.S. Trustee for Region 14 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Razaghi Development Company, LLC. About Razaghi Development Company Razaghi Development Company, doing business as Razaghi Healthcare, provides consulting, development, and operational services to Native Nations, specializing in the creation and management of healthcare systems. It offers expertise in P.L. 93-638 Indian Self-Determination contracting, healthcare facility planning, design and construction management, medical equipment procurement, licensing, accreditation preparation, and capital financing. Razaghi Development sought relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12300) on Dec. 19, 2025, with total assets of $26,749,853 and total liabilities of $94,060,479. Ahmad R. Razaghi, member and manager, signed the petition. Mark J. Guinta, Esq., at the Law Office of Mark J. Guinta serves as the Debtor's bankruptcy counsel. REBORN COFFEE: Believes to Meet Nasdaq Equity Compliance -------------------------------------------------------- Reborn Coffee, Inc. previously appealed the determination of The Nasdaq Stock Market LLC regarding the Company's compliance with Nasdaq Listing Rule 5550(b)(1) to a Hearings Panel. Such hearing request stayed Nasdaq's suspension of the delisting of the Company's securities and the filing of a Form 25-NSE pending the Panel's decision. Since September 30, 2025, the Company completed the following transactions to regain compliance with the Stockholders' Equity Requirement: * As previously reported, on October 20, 2025, the Company entered into a Securities Subscription Agreement with Charles Joeng, an individual accredited investor, pursuant to which the Company agreed to issue 1,192,661 shares of Common Stock to Jeong for an aggregate purchase price of $6,500,000 at $5.45 per share, funded in multiple tranches. As of December 31, 2025, the Company received $6,500,000 in gross proceeds pursuant to the October Agreement. * On December 31, 2025, the Company entered into the Exchange Agreement with the Arena Investors, pursuant to which, the Company estimates that $1,308,194 of derivative liability of the Company was eliminated. * As previously reported, on February 10, 2025, the Company entered into a purchase agreement with Arena Business Solutions Global SPC II, Ltd. The Equity Line is currently unused, providing the Company with access to up to $50,000,000 in equity financing. * The Company estimates that, for the three-month period ended December 31, 2025, the Company will have incurred a net loss of $985,562. As a result of these transactions, and after consideration of the Company's estimates for business activity for the three months ended December 31, 2025, the Company believes that, as of December 31, 2025, it has regained compliance with the Stockholders' Equity Requirement by having an estimated shareholders' equity of $3,400,737. In addition, the Company currently projects the following for fiscal year 2026, which should allow the Company to continue to meet the Stockholders' Equity Requirement throughout fiscal year 2026: * Net revenue of approximately $10.3 million. * Net income of approximately $13 thousand. The Company is awaiting a formal compliance determination from Nasdaq and will provide an update upon receipt of such determination. Nasdaq will continue to monitor the Company's ongoing compliance with the Stockholders' Equity Requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting. About Reborn Coffee Brea, Calif.-based Reborn Coffee, Inc. (NASDAQ: REBN) -- https://www.reborncoffee.com/ -- is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn differentiates themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft. As of September 30, 2025, the Company had $6.2 million in total assets, $9.6 million in total liabilities, and $3.4 million in total stockholders' deficit. Irvine, Calif.-based BCRG Group, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company's significant operating losses raise substantial doubt about its ability to continue as a going concern. Reborn incurred recurring net losses, including net losses from operations before income taxes, of $4.8 million and $4.7 million for the years ended December 31, 2024 and 2023, respectively. It used $3.5 million and $3.2 million cash for operating activities during the years ended December 31, 2024 and 2023, respectively. REBORN COFFEE: Cancels Arena Warrants via Share Exchange -------------------------------------------------------- Reborn Coffee, Inc. previously entered on February 6, 2025, a Securities Purchase Agreement with Arena Special Opportunities (Offshore) Master II, LP, and Arena Special Opportunities Partners III, LP, which was amended on March 28, 2025 and July 31, 2025. In connection with the Securities Purchase Agreement, the Company issued common stock purchase warrants to the Arena Investors to purchase an aggregate amount of 337,765 shares of common stock, par value $0.0001 per share. On December 31, 2025, the Company and the Arena Investors entered into a warrant exchange and termination agreement pursuant to which the Company agreed to issue an aggregate of 185,771 shares of Common Stock to the Arena Investors in exchange for the termination and cancellation of the Warrants. A full text copy of the Exchange Agreement is available at https://tinyurl.com/4s5xph23 About Reborn Coffee Brea, Calif.-based Reborn Coffee, Inc. (NASDAQ: REBN) -- https://www.reborncoffee.com/ -- is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn differentiates themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft. As of September 30, 2025, the Company had $6.2 million in total assets, $9.6 million in total liabilities, and $3.4 million in total stockholders' deficit. Irvine, Calif.-based BCRG Group, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company's significant operating losses raise substantial doubt about its ability to continue as a going concern. Reborn incurred recurring net losses, including net losses from operations before income taxes, of $4.8 million and $4.7 million for the years ended December 31, 2024 and 2023, respectively. It used $3.5 million and $3.2 million cash for operating activities during the years ended December 31, 2024 and 2023, respectively. RED RIVER: J&J Wants Beasley Allen Removed from NJ Talc Case ------------------------------------------------------------ Alex Eberg of Bloomberg Law reports that Beasley Allen's lead attorney, Jeffrey M. Pollock, argued Tuesday that accusations alone cannot remove the firm from the multi-billion-dollar talc litigation against Johnson & Johnson. He emphasized to the New Jersey appellate court that courts require proof of an ethical violation, not just a suspicion or appearance of wrongdoing. The challenge focuses on whether former Sidley Austin attorney James Conlan, who left to establish Legacy Liability Solutions, had improperly "associated" with the plaintiffs' lawyers while working on J&J's bankruptcy matters. J&J contended that such association might violate New Jersey Rule 5.3(c), threatening the firm's role in handling claims totaling $22 billion from vaginal cancer plaintiffs, according to Bloomberg Law. Judges questioned whether Conlan's post-Sidley interactions could trigger disqualification. Pollock maintained that Conlan was acting in a non-lawyer capacity, was never on the plaintiffs' payroll, and did not share confidential information, rendering any conflict claim unfounded, the report states. Pollock concluded that New Jersey courts have consistently declined to disqualify lawyers based on the appearance of conflict, insisting J&J must produce evidence of an actual ethical breach. "If it looks and smells wrong, there must be something wrong? That’s not the law," he said. The case is In re Talc-based Powder Products Litigation, N.J. Super. Ct. App. Div., No. A-000215-24. About J&J Talc Units LLT Management, LLC (formerly known as LTL Management LLC) was a subsidiary of Johnson & Johnson that was formed to manage and defend thousands of talc-related claims and oversee the operations of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue streams, including royalty revenue streams based on third-party sales of LACTAID, MYLANTA/MYLICON and ROGAINE products. LTL Management first filed a petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov. 16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time of the filing, the Debtor was estimated to have $1 billion to $10 billion in both assets and liabilities. In the 2021 case, LTL Management tapped Jones Day and Rayburn Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel; McCarter & English, LLP as litigation consultant; Bates White, LLC as financial consultant; and AlixPartners, LLP as restructuring advisor. Epiq Corporate Restructuring, LLC, served as the claims agent. On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9 reconstituted the talc claimants' committee and appointed two separate committees: (i) the official committee of talc claimants I, which represents ovarian cancer claimants, and (ii) the official committee of talc claimants II, which represents mesothelioma claimants. The official committee of talc claimants I tapped Genova Burns LLC, Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its legal counsel. Meanwhile, the official committee of talc claimants II is represented by the law firms of Cooley LLP, Bailey Glasser LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and Sherman Silverstein Kohl Rose & Podolsky P.A. Re-Filing of Chapter 11 Petition On Jan. 30, 2023, a panel of the Third Circuit issued an opinion directing this Court to dismiss the 2021 Chapter 11 Case on the basis that it was not filed in good faith. Although the Third Circuit panel recognized that the Debtor "inherited massive liabilities" and faced "thousands" of future claims, it concluded that the Debtor was not in financial distress before the filing. On March 22, 2023, the Third Circuit entered an order denying the Debtor's petition for rehearing. The Third Circuit entered an order denying LTL's stay motion on March 31, 2023, and, on the dame day,issued its mandate directing the Bankruptcy Court to dismiss the 2021 Chapter 11 Case. The Bankruptcy Court entered an order dismissing the 2021 Case on April 4, 2023. Johnson & Johnson on April 4, 2023, announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America. In the new filing, J&J said it has agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL also has secured commitments from over 60,000 current claimants to support a global resolution on these terms. In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that the second bankruptcy case should be dismissed. 3rd Try In May 2024, J&J announced its subsidiary LLT Management LLC is soliciting support for a consensual prepackaged bankruptcy plan to resolve its talc-related liabilities. Under the terms of the plan, a trust would be funded with over $5.4 billion in the first three years and more than $8 billion over the course of 25 years, which J&J calculates to have a net present value of $6.475 billion. If the Plan is accepted by at least 75% of voters, a bankruptcy was to be filed under the case name In re Red River Talc LLC. Epiq Corporate Restructuring, LLC is serving as balloting and solicitation agent for LLT. On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP and Jones Day serve as counsel in the new Chapter 11 case. Epiq is the claims agent. Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting Counsel. Randi S. Ellis is the proposed prepetition legal representative of future claimants. REDSTONE HOLDCO: Credit Suisse Marks $733,000 Loan at 57% Off ------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $733,000 loan extended to Redstone Holdco 2 LP to market at $311,614 or 43% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Redstone Holdco 2 LP. The loan accrues interest at 8.852% per annum. The loan matures on April 27, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Redstone Holdco 2 LP Redstone Holdco 2 LP develops security software. RENAISSANCE UNION: Seeks Chapter 11 Bankruptcy in New York ---------------------------------------------------------- On January 7, 2026, Renaissance Union LLC filed for Chapter 11 protection in the Eastern District of New York bankruptcy court. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Renaissance Union LLC Renaissance Union LLC is a New York–based limited liability company. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40082) on January 7, 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 Jil Mazer-Marino handles the case. The Debtor is represented by Charles Wertman, Esq., of Law Offices of Charles Wertman P.C. RESULTS PLUS: Seeks Chapter 11 Bankruptcy in Florida ---------------------------------------------------- On January 13, 2026, Results Plus Partners, 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 million in debt owed to between one and 49 creditors. About Results Plus Partners, LLC Results Plus Partners, LLC is a business consulting and professional services firm. Results Plus Partners, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00115) on January 13, 2026. In its petition, the debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of $100,001 to $1 million. Honorable Jacob A. Brown, Chief Judge, is presiding over the case. ROCK REGIONAL: To Close Permanently After Chapter 11 Filing ----------------------------------------------------------- Lindsay Smith of The Wichita Eagle reports that Rock Regional Hospital in Derby, Kansas, has announced that it will close immediately, just weeks after seeking bankruptcy protection to keep its doors open. The decision marks a sharp reversal from earlier statements that the hospital would continue serving patients during its Chapter 11 case. The hospital filed for bankruptcy on December 7, 2025, saying the move would allow it to restructure financially while remaining operational. A December 8 news release said all services would continue as scheduled, and CEO Ben Quinton said the process was designed to protect patient care and stabilize the hospital’s finances. However, court records show Rock Regional’s financial crisis was driven by more than $23 million in unpaid rent owed to its landlord, CBC Derby LLC. A temporary court order requiring $85,000 in weekly rent payments was lifted, clearing the way for eviction proceedings that ultimately made continued operations impossible. Rock Regional opened in 2019 and was located at 3251 N. Rock Road in Derby. The $40 million hospital served communities throughout south-central Kansas and employed about 200 people, making it a major healthcare provider and employer in the area before its abrupt closure, the report states. About Rock Regional Hospital LLC Rock Regional Hospital, LLC operates an acute-care medical facility in Derby, Kansas, providing emergency services, inpatient and outpatient care, surgical procedures, diagnostic imaging, and laboratory services. The hospital's campus includes operating suites, heart catheterization labs, intensive-care units and private patient rooms supporting a broad range of clinical specialties. It serves communities in south-central Kansas through its healthcare delivery operations. Rock Regional Hospital LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 25-11362) on December 7, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and 100 million. Honorable Bankruptcy Judge Mitchell L. Herren handles the case. The Debtor is represented by David Thomas Prelle Eron, Esq. of PRELLE ERON & BAILEY, P.A. ROCKY MOUNTAIN: Voluntary Chapter 11 Case Summary ------------------------------------------------- Debtor: Rocky Mountain Sleep Disorders Center, Inc. 1917 4th Street South Great Falls, MT 59404 Business Description: Rocky Mountain Sleep Disorders Center, Inc. is a regional sleep medicine provider based in Montana that diagnoses and treats a broad range of sleep disorders through overnight and daytime polysomnography, titration studies, PAP-related procedures, and related testing services. Operating clinics in Great Falls, Butte, Bozeman and Kalispell, the center serves patients across a five-state region with comprehensive diagnostic, therapeutic and support services for conditions such as obstructive sleep apnea and narcolepsy. Chapter 11 Petition Date: January 14 2026 Court: United States Bankruptcy Court District of Montana Case No.: 26-40007 Debtor's Counsel: Zach B. Duhon, Esq. DESCHENES & ASSOCIATES LAW OFFICES PO Box 3466 Great Falls MT 59403-3466 Tel: (407) 761-6112 Email: da@dalawmt.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Paul Schmook as president. The Debtor did not submit the required list of its 20 largest unsecured creditors when filing the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GSOFUZA/ROCKY_MOUNTAIN_SLEEP_DISORDERS__mtbke-26-40007__0001.0.pdf?mcid=tGE4TAMA ROGA PROPERTIES: Seeks Chapter 11 Bankruptcy in Arizona ------------------------------------------------------- On January 7, 2026, Roga Properties, LLC, filed for protection under Chapter 11 in the District of Arizona bankruptcy court. Court filings indicate the Debtor owes between $1 million and $10 million to 1–49 creditors. About Roga Properties, LLC Roga Properties, LLC is a real estate company/ The Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00155) on January 7, 2026. The filing lists estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Brenda Moody Whinery handles the case. The Debtor is represented by Charles R. Hyde, Esq., of Law Offices of C.R. Hyde, PLC. RONALD JINSKY: Has Deal on Cash Collateral Access ------------------------------------------------- Ronald Jinsky, LLC and U.S. Bank, NA advise the U.S. Bankruptcy Court for the Western District of Wisconsin that they have reached an agreement regarding the use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. U.S. Bank is a secured creditor under a prepetition loan and security agreement pursuant to which it holds a properly perfected lien on a specific item of collateral—a 2019 International Semi LT Series vehicle—that is used by the Debtor in the ordinary course of its business, with perfection established through U.S. Bank's holding of title to the vehicle. The stipulation acknowledges that notice of the relief sought has been properly given and that no further notice is required, allowing the Court to enter interim and final orders authorizing the agreed use of cash collateral. Except as expressly modified by the stipulation, all terms and conditions of the underlying loan and security agreement remain in full force and effect, and the stipulation does not waive any rights of U.S. Bank, cure any existing defaults, or affect U.S. Bank's rights against any guarantors. The agreement is binding solely on the Debtor and U.S. Bank, may be amended by mutual consent, and preserves the Court's continuing jurisdiction to interpret and enforce its terms. The stipulated cash-collateral and adequate-protection arrangement remains in effect until the Court confirms a Subchapter V plan of reorganization proposed by the Debtor. A copy of the motion is available at https://urlcurt.com/u?l=V6eBGg from PacerMonitor.com. About Ronald Jinsky LLC Ronald Jinsky, LLC, doing business as Jinsky Trucking, is a family-owned and operated interstate trucking company based in Beloit, Wisconsin. Established in 1982, the company specializes in transporting general freight, metal sheets, building materials, and paper products. Ronald Jinsky sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Case No. 25-10838) on April 11, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Honorable Judge Catherine J. Furay oversees the case. The Debtor is represented by Daniel J. McGarry, Esq., at Krekeler Law, S.C. U.S. Bank NA, as lender, is represented by: Erie Von Helms, Esq. Kohner, Mann & Kailas, S.C. 4650 North Port Washington Road Milwaukee, WI 53212 Phone:414-962-5110 Email: evonhelms@kmksc.com ROYALE ENERGY: Names Jonathan Gregory as Executive Chairman ----------------------------------------------------------- Royale Energy, Inc. appointed Jonathan Gregory as Executive Chairman of the Board, effective January 5, 2026. Chris Parada will continue to serve as Independent Chairman of the Board. Mr. Gregory (age 61) brings extensive experience in energy finance, asset acquisition, corporate governance, and industry leadership. As Executive Chairman, he will work closely with the Board of Directors and management team to lead strategic initiatives focused on improving the Company's financial performance, strengthening its capital structure, and positioning Royale Energy to pursue a potential relisting on the Nasdaq Capital Market, subject to meeting applicable listing standards and market conditions. Mr. Gregory currently serves as Chief Executive Officer of RMX Resources, LLC, a California-based energy company, and as Chairman of the California Independent Petroleum Association (CIPA), the state's leading trade association representing independent oil and natural gas producers. His roles reflect deep engagement with upstream operations as well as regulatory and policy matters affecting the California energy sector. "Jonathan's depth of experience in energy markets, corporate governance, and capital markets strategy makes him well suited to help guide Royale Energy through its next phase," said Johnny Jordan, CEO of Royale Energy. "His leadership will be particularly valuable as the Company evaluates initiatives designed to enhance shareholder value and support the requirements associated with a potential Nasdaq relisting." For over thirty years, Mr. Gregory has advised and been engaged with energy companies across multiple market cycles, with a focus on upstream assets, and structured energy financings. He is known for his disciplined approach to value creation and for aligning operational execution with capital markets objectives. "I am honored to serve as Executive Chairman of Royale Energy," said Mr. Gregory. "My focus will be on working with the Board and management to advance strategies that improve financial strength, enhance governance and reporting standards, and, over time, position Royale Energy to meet the criteria necessary to pursue a Nasdaq relisting." The Company noted that this appointment reflects its commitment to experienced leadership and a clear strategic direction as it navigates a dynamic energy and capital markets environment. About Royale Energy, Inc. Royale Energy, Inc. (OTCQB: ROYL) is an independent exploration and production company headquartered in San Diego, California. The Company focuses on the acquisition, development, and marketing of oil and natural gas, with primary operations in Texas's Permian Basin. In its April 8, 2025 audit report, Horne LLP issued a "going concern" qualification, noting that the Company's recurring operating losses and liabilities exceeding its assets raise substantial doubt about its ability to continue operations. As of September 30, 2025, the Company had $15,386,535 in total assets, $29,366,864 in total liabilities, and $13,980,329 in total stockholders' deficit. SAKS GLOBAL: Cohen Weiss Represents UFCW and SEIU Groups -------------------------------------------------------- In the Chapter 11 bankruptcy cases of Saks Global Enterprises LLC and its debtor-affiliates, Melissa S. Woods, Richard M. Seltzer, and K. Jeff Wang, attorneys at Cohen, Weiss and Simon LLP, filed with the United States Bankruptcy Court for the Southern District of Texas, Houston Division, a Verified Statement pursuant to Bankruptcy Rule 2019, disclosing that the firm represents these creditors: (a) Local 1102 RWDSU UFCW ("Local 1102") 311 Crossways Park Drive Woodbury, NY 11797 (b) Workers United New York New Jersey Regional Joint Board, affiliated with SEIU (the "Joint Board") 305 Seventh Avenue, 7th Floor New York, NY 10001 According to the Verified Statement: 1. Local 1102 and the Joint Board have claims against certain of the Debtors that arise from obligations of the Debtors under Local 1102 and Joint Board collective bargaining agreements. The claims arose both before and during the one-year period preceding the filing of the above-referenced case. 2. CWS was engaged by Local 1102 and the Joint Board to represent each in connection with the bankruptcy proceeding in January 2026 at the instance of each entity. 3. CWS has no claims or interests against any of the Debtors. 4. CWS reserves the right to amend this Verified Statement. Attorneys for Local 1102 RWDSU UFCW and Workers United New York New Jersey Regional Joint Board, affiliated with SEIU are: Melissa S. Woods, Esq. Richard M. Seltzer, Esq. K. Jeff Wang, Esq. COHEN, WEISS AND SIMON LLP 909 Third Avenue, 12th Floor New York, NY 10022-4731 Tel: (212) 356-4100 E-mail: mwoods@cwsny.com rseltzer@cwsny.com jwang@cwsny.com About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as investment banker, Berkeley Research Group is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst CNC is serving as a strategic communications advisor to the Ad Hoc Group. SCENIC CITY: Seeks to Extend Plan Exclusivity to July 29 -------------------------------------------------------- Scenic City Boot Camp, LLC, and Kevin and Kristen Harvey asked the U.S. Bankruptcy Court for the Eastern District of Tennessee to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 29 and September 30, 2026, respectively. For cause, the Debtors would show unto the Court that they are currently pursuing approval of the Plan and Disclosure Statement, originally filed in case 1:25-bk-10862- NWW, and will need additional time for same. Due to joint administration of cases, however, same must be filed in the lead case of Scenic City Boot Camp, 1:25-bk-10863-NWW, in order to be considered by the Court. For additional cause, the Debtors aver that they have in good faith complied with all Chapter 11 requirements to do date, and they're not behind on any quarterly fees to the U.S. Trustee as of the date of this Motion. Additionally, as membership enrollment of Debtors' business, Scenic City Boot Camp, LLC, typically wanes during the summer months and surges during the fall and after the first of the year, having the benefit of additional operating reports will demonstrate to all interested parties the feasibility of Chapter 11 reorganization. The Debtors further assert that they have demonstrated reasonable prospects for presenting a viable plan. Counsel to the Debtor: W. Thomas Bible, Jr., Esq. LAW OFFICE OF W. THOMAS BIBLE, JR. D/B/A TOM BIBLE LAW 6918 Shallowford Road, Suite 100 Chattanooga, TN 37421 Phone: (423) 424-3116 Fax: (423) 553-0639 Email: tom@tombiblelaw.com About Scenic City Boot Camp LLC Scenic City Boot Camp, LLC filed a Chapter 11 petition (Bankr. E.D. Tenn. Case No. 25-10863) on April 4, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. Kevin Harvey, president of Scenic City Boot Camp, signed the petition. Judge Nicholas W. Whittenburg oversees the case. W. Thomas Bible, Jr., Esq., at Tom Bible Law, is the Debtor's bankruptcy counsel. SCHAEFER RECOGNITION: SRMG Unsecureds to Split $16K over 36 Months ------------------------------------------------------------------ Schaefer Recognition & Media Group LLC ("SRMG"), and John R. Schaeffer and Sandra K. Schaeffer ("Schaeffers") filed with the U.S. Bankruptcy Court for the District of Arizona a Joint Plan of Reorganization for Small Business dated January 8, 2026. SRMG is a small business which operates a business which receives commissions for selling recognition, employee engagement and performance management programs to corporate end users. SRMG is one of ten exclusive representatives for Incentive Services, Inc. The Schaefers are the sole owners of SRMG and SRMG has no employees. SRMG's financial situation had been deteriorating and SRMG overborrowed loans in an attempt to continue operations over the past several years. SRMG's business was adversely affected by the COVID pandemic and the recovery has been slow. Additionally, several customer programs have had numerous delays, but show promise for the future. Unfortunately, the cash flow over the past two years was not sufficient to pay expenses, support the Schaefers and pay the ever-growing debt service to the SBA, Headway, BHG and Ready Cap. Additionally, BHG filed a lawsuit against Debtors on the same day SRMG filed for bankruptcy protection. As Exhibits B1 and B2 demonstrate, SRMG has $733,129.33 of general unsecured non-priority claims and the Schaefers have $748,067.11 of general unsecured non-priority claims. Given the proposed distribution in each case to general unsecured creditors, general unsecured creditors will receive a return of approximately 2.08% for SRMG and approximately 2.62% for the Schaefers. This is greater than the general unsecured creditors would receive if these cases were converted to Chapter 7 proceedings. SRMG and the Schaefers, as the Plan proponents, have provided their projections of disposable income for the life of the Plan ("Projections"), attached as Exhibit C1 ("SRMG Projections") and Exhibit C2 ("Schaefer Projections"). The Projections show that the Debtors will have projected disposable income and required cash flow for the period that is comprised of SRMG's revenue from operations. As set forth in the Projected Budget, the line item to calculate "disposable income" for these periods of time are referred to as "Net Ordinary Income" on SRMG's projections and "Net Ordinary Income" on the Schaefers' projections. As evidenced in the Projections, the Debtors' revenues are sufficient to pay the administrative, priority, secured, and unsecured creditors, as provided for in the Plan. This Plan of Reorganization under chapter 11 of the Bankruptcy Code, Subchapter V, proposes to pay creditors of SRMG and the Schaefers from cash flow from their future operations and/or other expected future income. Class SRMG 3 consists of Non-Priority Unsecured Claims. The creditors with allowed unsecured claims in Class SRMG 3 shall be paid in quarterly installments their pro rata share of funds paid into the Plan Fund after all administrative and priority claims are paid in full, and concurrently with payments to secured creditors. Each allowed unsecured claimant shall receive its pro-rata share of $16,000.00 on or before the date that is thirty-six months after the Effective Date. SRMG will commence quarterly payments to general unsecured claimants in year 3 of the Plan Period. Class SRMG 4 consists of Equity Holders. Schaefers shall provide their ongoing services to SRMG so that it is able to operate and make the payments required under the Plan. 100% of the equity interest in SRMG shall vest in Schaefers upon confirmation of the Plan. However, Schaefers shall not receive any distribution on account of their interest until after all payments are made as set forth in the Plan to ALL creditors, but Schaefers will receive a reasonable salary for their services rendered to SRMG, as set forth in the Projections. Class S3 consists of NonPriority Unsecured Claims. The creditors with allowed unsecured claims in Class S3 shall be paid in quarterly installments their pro rata share of funds paid into the Plan Fund after all administrative and priority claims are paid in full, and concurrently with payments to secured creditors. Each allowed unsecured claimant shall receive its pro-rata share of $19,000.00 on or before the Effective Date. Class S4 consists of Equity Holders. Schaefers shall retain all assets not distributed to creditors pursuant to the Plan, and such assets shall be revested to Schaefers upon confirmation of the Plan, if the Plan confirmation is consensual, or upon closing of the case, if the Plan confirmation is non-consensual. The Debtors shall each establish a separate Plan Fund for the management of all funds for distribution to creditors and claimants. The Plan Fund will be administered by the Debtors if the plan confirmation is consensual as determined by the Court or by the trustee if plan confirmation is non-consensual as determined by the Court. The Debtors and the Trustee desire to have the Debtors administer the Plan Fund if the Plan is non consensual, but said term shall be at the discretion of the Court. If the Plan Fund is administered by the trustee, her fees will be at an hourly rate of $450.00 for the disbursements she makes. The Debtors shall make deposits into the Plan Fund quarterly (no later than the tenth day of each quarter), following Plan confirmation. The amount of the quarterly deposit shall be the amount set forth in the Debtors' Projections, attached as Exhibits C1 and C2, for the payments of administrative, priority, and unsecured creditors. A full-text copy of the Joint Plan dated January 8, 2026 is available at https://urlcurt.com/u?l=kFOjup from PacerMonitor.com at no charge. Counsel to the Debtors: Martin J. McCue, Esq. Patrick F. Keery, Esq. Keery McCue PLLC 6803 East Main Street, Suite 1116 Scottsdale, AZ 85251 Telephone: (480) 478-0709 Facsimile: (480) 478-0787 E-mail: MJM@KEERYMCCUE.COM PFK@KEERYMCCUE.COM About Schaefer Recognition & Media Group Schaefer Recognition & Media Group LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-09689) on Oct. 10, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Daniel P. Collins handles the case. The Debtor is represented by Patrick F. KEERY, Esq. of KEERY MCCUE, PLLC. SERTA SIMMONS: Credit Suisse Marks $2.1MM Loan at 90% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $2,150,000 loan extended to Serta Simmons Bedding LLC to market at $215,059 or 10% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Serta Simmons Bedding LLC. The loan accrues interest at 11.484% per annum. The loan matures on June 29 15, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund’s principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Serta Simmons Bedding LLC Serta Simmons Bedding, LLC is the world's leading producer of mattresses and sleep experiences. SHRI RADHA: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: Shri Radha Krishna Mandir Inc. a/k/a Shree Radha Krishna LLC 12604 113rd Ave. South Ozone Park NY 11420 Business Description: Shri Radha Krishna Mandir Inc., also known as Shree Radha Krishna LLC, operates as a Hindu temple and religious nonprofit in South Ozone Park, New York, providing spiritual, cultural, and community services to devotees in the Queens area. The organization is registered as a 501(c)(3) entity and maintains property at 12604 133rd Avenue, serving as its primary location for worship and related activities. Chapter 11 Petition Date: January 7, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-40076 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Karamvir Dahiya, Esq. DAHIYA LAW OFFICES LLC 75 Maiden Lane Suite 606 New York, NY 10038 Tel: 212-766-8000 Email: karam@dahiya.law Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Jhagroo Bachan as temple 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/JGLJNPI/Shri_Radha_Krishna_Mandir_Inc__nyebke-26-40076__0001.0.pdf?mcid=tGE4TAMA SIESTA HOSPITALITY: Kathleen DiSanto Named Subchapter V Trustee --------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at Bush Ross, P.A., as Subchapter V trustee for Siesta Hospitality Ventures II, LLC. Ms. DiSanto will be paid an hourly fee of $350 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. DiSanto declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kathleen L. DiSanto, Esq. Bush Ross, P.A. P.O. Box 3913 Tampa, FL 33601-3913 Phone: (813) 224-9255 Fax: (813) 223-9620 disanto.trustee@bushross.com About Siesta Hospitality Ventures II Siesta Hospitality Ventures II, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-00095) on January 7, 2026, with $500,001 to $1 million in assets and liabilities. Judge Catherine Peek Mcewen presides over the case. Kenneth S. Abrams, Esq., at Kenneth S. Abrams P.A. represents the Debtor as legal counsel. SINGH BROS: Seeks to Extend Plan Exclusivity to March 13 -------------------------------------------------------- Singh Bros Express LLC and affiliates asked the U.S. Bankruptcy Court for the Western District of Washington to extend their exclusivity periods to file a plan of reorganization to March 13, 2026. The Debtors explain that although four prior extensions have previously been sought and granted, the companies submit that cause exists to extend the exclusivity period. The Debtors seek to extend the exclusivity period pending the performance of the Settlement Agreement through dismissal of these cases. As to postpetition operations, Express continues to pay its postpetition expenses in a timely manner. The Debtors claim that they have filed a Plan, and the extension of the exclusivity period is not meant to pressure creditors. The Debtors are paying their trade creditors in full each month and have reached a Settlement Agreement with their primary creditor, which has been reduced to writing and approved by this Court. In sum, the factors the Ninth Circuit BAP has enumerated weigh in favor of extending the exclusivity period. While the Debtors do not expect that there are creditors who would file a competing plan in these Chapter 11 Cases at this stage of the proceedings, the Debtors seek an extension in an abundance of caution. Counsel to the Debtors: Jane Pearson, Esq. Polsinelli PC 1000 Second Avenue, Suite 3500 Seattle, WA 98104 Telephone: (206) 393-5415 Email: jane.pearson@polsinelli.com About Singh Bros Express Singh Bros Express, LLC, operates in the general freight trucking industry. Singh Bros Express and its affiliates, Singh Bros Transport, LLC, and Singh Bros Trucking, LLC, filed Chapter 11 petitions (Bankr. W.D. Wash. Lead Case No. 24-42600) on Nov. 15, 2024. At the time of the filing, Singh Bros Express reported $1 million to $10 million in both assets and liabilities. Judge Mary Jo Heston handles the cases. The Debtors are represented by Jane E. Pearson, Esq., at Polsinelli, PC. SK NEPTUNE: Credit Suisse Virtually Writes Off $1.085MM Loan ------------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $1,085,000 loan extended to SK Neptune Husky Finance SARL to market at $27,135 or 3% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to SK Neptune Husky Finance SARL. The loan accrues interest at zero interest per annum. The loan matures on January 3, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About SK Neptune Husky Finance SARL SK Neptune Husky Finance is engaged in holding interests, in any form, in Luxembourg and foreign companies and any other form of investment. SKYX PLATFORMS: Dov Shiff Holds 13.2% Equity Stake -------------------------------------------------- Dov Shiff, Shiff Group Investments Ltd., Shiff Group Assets Ltd., and DZDLUX s.a.r.l., disclosed in a Schedule 13D (Amendment No. 6) filed with the U.S. Securities and Exchange Commission that as of December 30, 2025, he beneficially owns 15,483,237 shares of common stock (including 1,547,952 shares with sole voting power (comprised of 1,507,952 directly or through spouse and 40,000 held by spouse), 45,000 shares issuable upon exercise of options within 60 days with sole dispositive power, and 13,890,285 shares with shared voting and dispositive power held by entities controlled by Mr. Shiff: Shiff Group Investments Ltd. (379,955 shares following conversion of a subordinated convertible note on December 31, 2025), DZDLUX s.a.r.l. (13,274,618 shares), and Shiff Group Assets Ltd. (235,712 shares); also includes 14,423 shares received on December 31, 2025 for board service) of SKYX Platforms Corp.'s common stock, no par value per share, representing 13.2% of the 117,691,800 shares outstanding (as of December 31, 2025). Dov Shiff may be reached through: Dov Shiff c/o SKYX Platforms Corp. 2855 W. McNab Road Pompano Beach, FL 33069 Tel: (855) 759-7584 A full-text copy of Dov Shiff's SEC report is available at: https://tinyurl.com/mw9cz5yx About SKYX Platforms Corp. Headquartered in Pompano Beach, Florida, SKYX Platforms Corp. develops advanced platform technologies focused on enhancing safety, quality, and ease of use in homes and buildings. With nearly 100 patents and pending applications, the Company's products are designed to improve safety and lifestyle in residential and commercial spaces. In 2023, Sky expanded by acquiring an online retailer specializing in home lighting, ceiling fans, and furnishings. The Company's technologies enable quick and safe installation of light fixtures and ceiling fans without the need to handle hazardous wires. In its report dated March 24, 2025, the Company's auditor, M&K CPAS, PLLC, issued a "going concern" qualification attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing the Company's accumulated deficit, negative cash flows from operations, and recurring net losses, which raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $58.4 million in total assets, $57.3 million in total liabilities, and $3.8 million in total stockholders' deficit. SMITH HOSPITALITY: Judy Wolf Weiker Named Subchapter V Trustee -------------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Judy Wolf Weiker of Manewitz Weiker Associates, LLC as Subchapter V trustee for Smith Hospitality Group, LLC. Ms. Weiker will be paid an hourly fee of $375 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Weiker declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Judy Wolf Weiker Manewitz Weiker Associates, LLC P.O. Box 40185 Indianapolis, IN 46240 Phone: 973-768-2735 Email: JWWtrustee@manewitzweiker.com About Smith Hospitality Group LLC Smith Hospitality Group, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-07541) on December 11, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge James M. Carr presides over the case. Preeti Gupta, Esq., represents the Debtor as legal counsel. SOH HOLDINGS: Moody's Assigns First Time 'B2' Corp. Family Rating ----------------------------------------------------------------- Moody's Ratings assigned a first-time B2 corporate family rating and B2-PD probability of default rating to SOH Holdings, Inc. (dba Salas O'Brien, or "SO" and the company). Concurrently, Moody's assigned a B2 rating to the company's proposed backed senior secured first-lien credit facility, under the borrowing entity Salas O'Brien, Inc. The proposed backed senior secured first-lien credit facility consists of a $175 million first-lien revolver expiring 2031, a $600 million first-lien term loan due 2033 and a $100 million first-lien delayed draw term loan due 2033. Salas O'Brien is a national provider of engineering, science, and technical consulting services. The outlook on both entities is assigned stable. Net proceeds from the proposed term loan will be used to refinance the company's existing debt and to add cash to the balance sheet. The company's new revolving credit facility and delayed draw term loan are 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 assignments, including elevated financial leverage and an aggressive growth strategy by the company. Moody's expects Salas O'Brien will opportunistically pursue debt-funded acquisitions and shareholder-friendly policies. All financial metrics cited reflect Moody's-standard adjustments. RATINGS RATIONALE The B2 CFR reflects Salas O'Brien's modest, but growing scale as well as its acquisitive growth strategy with the majority of acquisitions funded with debt. The company operates in a highly fragmented and competitive industry characterized by low barriers to entry, with some larger players, and can be subject to cyclical spending. This risk is somewhat mitigated by the company's higher proportion of variable costs, end market diversification, and lower cost of services relative to customers' total construction costs. Additionally, there are some risks related to retaining highly skilled professionals in a competitive labor market. Profitability is modest, although in line with competitors. Moody's anticipates the company will remain acquisitive post-close, as SO continues its acquisitive growth strategy to expand its geographic footprint and increase its scale. The company will also have access to a $100 million delayed draw term loan, which is expected to be used for future acquisitions. SO benefits from its broad range of design, engineering, and technical consulting services with over 30 disciplines. Also supporting SO's credit profile is the company's track record of strong organic growth with high customer retention and limited customer concentration within its diversified end markets. Additionally, SO's revenue base consists of mostly re-occurring revenues with good visibility into future client spending. Although debt/EBITDA is currently elevated at roughly 4.8x (pro forma for the transaction, acquisitions and including Moody's adjustments), Moody's expects leverage will improve to under 4.5x during 2026, absent any additional debt funded acquisitions. Moody's anticipates that Salas O'Brien will maintain good liquidity over the next 12 to 18 months. Pro forma for the transaction, the company is expected to have roughly $93 million of cash on hand and full availability under the proposed $175 million first-lien revolving credit facility expiring 2031 and a $100 million first-lien delayed draw term loan due 2033 that Moody's expects the company to primarily use for funding acquisitions. Moody's expects that the company will generate positive free cash flow over the next 12 months, with FCF/debt in the mid single-digit percentage range, supported by modest profit margins and low capital requirements, but constrained by acquisition and integration costs as the company continues to implement its aggressive growth strategy. There will be no financial maintenance covenants applicable to the term loan, but the revolver is subject to a springing maximum first-lien net leverage covenant of 7.05x if the amount of revolver usage exceeds 40%. Moody's expects that the company would remain in compliance if tested. The stable outlook reflects Moody's expectations that SO will continue to generate strong organic revenue growth in the mid single-digit percentage range over the next 12 to 18 months while also improving EBITDA margins towards 20%. The stable outlook also reflects Moody's anticipations that the company will continue to pursue debt-funded M&A, but will balance its funding sources such that debt/EBITDA is expected to remain under 5.5x. The B2 ratings assigned to SO's backed 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 $160m and 100% of EBITDA, plus unlimited amounts subject to 4.5x first lien net leverage. There is an inside maturity sublimit up to the greater of $160m and 100% of EBITDA, plus debt incurred for an acquisition or investment. Debt up to an amount to be set forth in the final documentation can be incurred as Designated Alternative Security Debt, guaranteed by non-loan parties or secured by non-collateral. 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 builder basket and 100% of available restricted payments covenant capacity may be reallocated to incur debt. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if SO increases its scale and profitability while maintaining debt/EBITDA at 4x, adheres to a more balanced financial policy, and improves the quality of earnings by reducing the proportion of cost add-backs contributing to EBITDA. The company would also be required to maintain a strong liquidity profile and improve cash flow generation with FCF/debt approaching 10%. The ratings could be downgraded if the company were to experience a weakening competitive position or a decline in revenue or EBITDA margins. Moody's could also downgrade the ratings if the pace of debt-funded M&A is more aggressive than anticipated, causing debt/EBITDA to approach 6x. A deterioration in liquidity and cash flow generation would also lead to a negative rating action. Founded in 1975 and headquartered in Irvine, California, Salas O'Brien is a leading engineering, science, and technical consulting firm serving diverse end markets across North America. The company provides services spanning mechanical, electrical, structural, and process engineering, with a focus on energy efficiency, resiliency, and sustainability. Salas operates an asset-light model with approximately 4,500 employees and has built a national platform through organic growth and strategic mergers. The company is super majority employee owned with minority investments held by Blackstone, Caltius, and the State of Wisconsin Investment Board. Revenue is expected to be over $800 million in 2026. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. SONRAVA HEALTH: Credit Suisse Marks $1.2MM Loan at 81% Off ---------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,299,000 loan extended to Sonrava Health Holdings LLC to market at $246,868 or 19% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Sonrava Health Holdings LLC. The loan accrues interest at 5.5% per annum. The loan matures on August 18, 2028. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, NY 10019 Telephone: (212) 325-2000 About Sonrava Health Holdings LLC Sonrava Health is a national family of health and wellness companies united by a singular dedication to delivering high-quality, convenient, and affordable care through innovative provider models, health coverage and product offerings. SOUTHAVEN AVE: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------ On January 12, 2026, Southaven Ave Corp filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $1 million and $10 million in debt owed to between one and 49 creditors. About Southaven Ave Corp Southaven Ave Corp is a real estate holding and property management company. Southaven Ave Corp sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70138) on January 12, 2026. In its petition, the debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Alan S. Trust is presiding over the case. SPIRIT AIRLINES: Wants to Stop Securities Lawsuit Against Execs --------------------------------------------------------------- Spirit Aviation Holdings Inc. is seeking to pause a proposed securities class action against its senior executives, telling a federal court that the case is distracting leadership from steering the company through its second bankruptcy. The airline said its executives must focus on negotiating and implementing key restructuring agreements. The company added that the lawsuit would also strain its finances because it must indemnify CEO David Davis and CFO Frederick Cromer, forcing the estate to pay their legal bills. Spirit said in its bankruptcy filing that those costs would undermine the Chapter 11 process, according to report. About Spirit Airlines Spirit Airlines, LLC (SAVE) is a low-fare carrier committed to delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. On the Web: http://wwww.spirit.com/ Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after reaching terms of a pre-arranged plan with bondholders. At the time of the filing, Spirit Airlines reported $1 billion to $10 billion in both assets and liabilities. Judge Sean H. Lane oversees the case. The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel; Alvarez & Marsal North America, LLC, as financial advisor; and Perella Weinberg Partners LP as investment banker. Epiq Corporate Restructuring, LLC, is the claims agent. Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel for the Ad Hoc Group of Convertible Noteholders. Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC represent the Ad Hoc Group of Senior Secured Noteholders. The official committee of unsecured creditors retained Willkie Farr & Gallagher LLP as counsel. Citigroup Global Markets, Inc., is serving as financial advisor and Latham & Watkins LLP is serving as legal counsel to Frontier. 2nd Attempt Spirit Airlines and its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 25-11896) on August 29, 2025. In its petition, the Debtors reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Marshall Scott Huebner, Esq. and Darren S. Klein, Esq. at Davis Polk & Wardwell LLP. STAKEHOLDER MIDSTREAM: Moody's Withdraws B2 CFR on Debt Redemption ------------------------------------------------------------------ Moody's Ratings withdrew all of Stakeholder Midstream, LLC's (Stakeholder) ratings, including the company's B2 Corporate Family Rating, B2-PD Probability of Default Rating, and B2 senior secured bank credit facility rating. All ratings were previously under review for upgrade. The withdrawals follow the redemption of Stakeholder's outstanding debt. The outlook is also changed to rating withdrawn from rating under review. Stakeholder's ratings were placed on review for upgrade on December 01, 2025, following Targa Resources Corp.'s (Targa, Baa2 stable) announcement to acquire the company in an all-cash transaction. RATINGS RATIONALE The withdrawals follow the full redemption of Stakeholder's outstanding debt. Targa closed its acquisition of Stakeholder on January 6, 2026. Stakeholder's ratings have been withdrawn since all of its rated debt is no longer outstanding. Stakeholder was a private company operating midstream natural gas and crude oil gathering and processing facilities in western Texas and southeastern New Mexico. STANLEY UTILITY: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Stanley Utility Contractor, Inc. received final approval from the U.S. Bankruptcy Court for the Northern District of Florida, Tallahassee Division, to use cash collateral to fund operations. Under the final order, cash collateral must be used only for ordinary operating expenses in the Debtor's budget, subject to up to 10% line-item variances and excluding insider compensation without court approval. Truist Bank, the primary secured lender, will be provided with protection through a monthly payment of $3,559.91 and a replacement lien on all post-petition cash generated from the Debtor's operations, with the same validity and priority as the lender's pre-bankruptcy lien. The lender may seek an administrative expense claim or additional protection if the value of its cash collateral declines. The U.S. Small Business Administration, another secured lender, will receive a monthly payment of $5,000 and replacement liens on all post-petition assets of the Debtor as protection. The order further required the Debtor to maintain cash collateral values within 7.5% of petition-date levels, file timely monthly operating reports, and maintain insurance on encumbered assets naming Truist as loss payee. A copy of the final order and the Debtor's budget is available at https://shorturl.at/Zck9B from PacerMonitor.com. As of the petition date, Stanley's cash collateral includes $136,293.64 in cash and approximately $500,000 in accounts receivable under 90 days old. Pursuant to UCC-1 financing statements filed in Florida's secured transaction registry, Truist Bank and other creditors claim interests in the cash collateral, with the bank holding a first-priority interest. Truist Bank, as secured creditor, is represented by: Jay B. Verona, Esq. Shumaker, Loop & Kendrick, LLP 101 E. Kennedy Blvd., Suite 2800 Tampa, FL 33602 Phone: (813) 229-7600 Fax: (813) 229-1660 jverona@shumaker.com mhartz@shumaker.com About Stanley Utility Contractor Inc. Stanley Utility Contractor, Inc. is a Florida-based construction company specializing in right-of-way and telecommunications infrastructure projects, including fiber deployments, small cell installations, and utility services. It operates primarily in Florida and provides project management, inspection, and maintenance support for its infrastructure work. Its principal office is in Leesburg, with Michael Stanley listed as president and registered agent. Stanley Utility Contractor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40481) on September 29, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Karen K. Specie handles the case. The Debtor is represented by Byron W. Wright III, Esq., at Bruner Wright, P.A. STEINMETZ PLUMBING: Tom Howley Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 7 appointed Tom Howley, Esq., at Howley Law, PLLC as Subchapter V trustee for Steinmetz Plumbing, Inc. Mr. Howley will be paid an hourly fee of $575 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Howley declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tom Howley, Esq. Howley Law, PLLC 711 Louisiana Street, Suite 1850 Houston, TX 77002 Telephone: (713) 333-9120 Email: tom@howley-law.com About Steinmetz Plumbing Inc. Steinmetz Plumbing, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 25-37611) on December 16, 2025, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Rebecca Steinmetz signed the petition as secretary. Judge Hon. Eduardo V Rodriguez oversees the case. The Debtor is represented by: Robert C. Lane, Esq. The Lane Law Firm Tel: 713-595-8200 Email: notifications@lanelaw.com TIFARET DISCOUNT: Unsecureds Will Get 10% of Claims in Plan ----------------------------------------------------------- Tifaret Discount Inc., d/b/a Redelicious Supermarket filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Chapter 11 Plan dated January 9, 2026. The Debtor owns and operates a grocery store/supermarket catering to the Kosher Orthodox Jewish Community in Monsey, New York. The grocery store is open under extended hours and is a full-service grocery store selling all types of kosher food products, meats, dairy and fruits and vegetables. The Debtor's principal, Baruch Ausch, personally held a 100% interest in a grocery store premises located at 3395 State Route 55, White Lake, New York 12786 (the "White Lake Store") which Mr. Ausch owns under a corporation entitled Maple Avenue Discount Inc. ("Maple") which was opened in 2013. In 2024, Mr. Ausch transferred 50% of his interest to Mr. Yoni Bauer. The two companies operate separately. The Debtor suffered losses over the prior period, as a consequence of the Debtor's principal's illness and the competitive market that the Debtor is involved in. As a result, the Debtor was confronted with litigations brought by vendors on account of claims of such vendors for the Debtor's failure to pay and found itself involved in incurring legal fees in defending the litigations. The Plan contemplates that the Debtor will continue to operate its grocery store business. The Plan contemplates that it will pay unsecured creditors a total of 10% of the principal amount of their claims payable 5% on the Effective Date and 5% one year after the Effective Date in full satisfaction of the claims of the unsecured creditors. In addition, the Debtor will continue to make payments to the SBA in the amount of $703 per month payable until payment is made in full. The Debtor will make payments to the secured creditors which are fully secured in the amount of the value of the collateral held by each secured creditor as determined or as agreed between the Debtor and such secured creditor payable over 36 months payable at the rate of 5% per annum until paid in full. Class 4 is the claim of the unsecured creditors. Each unsecured creditor holding an Allowed unsecured claim shall receive a total of 10% of the principal amount of the Allowed unsecured claim in two installments of 5% each payable on the Effective Date and one year after the Effective Date. The allowed unsecured claims total $1,850,000. Class 6 is the equity interest of the Debtor. Baruch Ausch shall continue to own 50% of the equity interest of the Debtor and shall transfer the remaining 50% to Simon Ostreicher. Simon Ostreicher, the lender, has agreed to release its borrowings to the Debtor in the amount of $205,000 in exchange for 50% of the equity interests of the Debtor. The Debtor will have obtained the necessary funds for Confirmation from internal cash flow and the available borrowings remaining on the Simon Ostreicher loan facility. A full-text copy of the Disclosure Statement dated January 9, 2026 is available at https://urlcurt.com/u?l=hBBhpk from PacerMonitor.com at no charge. Tifaret Discount Inc. is represented by: Leo Fox, Esq. 630 Third Avenue - 18th Floor New York, NY 10018 Tel: (212) 867-9595 Email: leo@leofoxlaw.com About Tifaret Discount Inc. d/b/a Redelicious Supermarket Tifaret Discount Inc., operating as Redlicious Supermarket, a grocery retailer based in Monsey, New York. Tifaret Discount Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22623) on July 9, 2025. In its petition, the Debtor estimated assets between $100,000 and $500,000 and liabilities between $1 million and $10 million. Bankruptcy Judge Sean H Lane handles the case. The Debtor is represented by Leo Fox, Esq. TMT GROUP: Richard Furtek Named Subchapter V Trustee ---------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Richard Furtek of Furtek & Associates, LLC as Subchapter V trustee for TMT Group, Inc. Mr. Furtek will be paid an hourly fee of $325 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Furtek declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Richard E. Furtek Furtek & Associates, LLC Lindenwood Corporate Center 101 Lindenwood Drive, Suite 225 Malvern, PA 19355 Phone: (215) 768-8030 Email: rfurtek@furtekassociates.com About TMT Group Inc. TMT Group, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-10074) on January 7, 2026, with $0 to $50,000 in assets and liabilities. Judge Patricia M. Mayer presides over the case. Maggie S. Soboleski, Esq., represents the Debtor as legal counsel. TRICOLOR AUTO: Ex-COO, Founder Plead Not Guilty to Fraud -------------------------------------------------------- Chris Dolmetsch of Bloomberg News reports that founder Daniel Chu and former COO David Goodgame of Tricolor Holdings pleaded not guilty to fraud charges Tuesday, January 13, 2026, in Manhattan federal court. The defendants appeared before U.S. District Judge Kevin Castel, responding to accusations that they conspired to defraud the subprime auto lender’s lenders and investors. According to prosecutors, Chu ran a scheme that double-pledged loan collateral, mischaracterized loans, and classified nearly worthless assets as qualifying collateral. The indictment, issued last month, alleges the conduct was intended to mislead lenders and secure financing under false pretenses. Tricolor filed for bankruptcy in September, following the closure of more than 60 offices across Texas and the Southwest. The bankruptcy left lenders and investors facing significant losses, forming the basis of the ongoing criminal case against Chu and Goodgame, the report states. About Tricolor Auto Acceptance Tricolor Auto Acceptance is an Irving, Texas-based subprime auto lender. Tricolor Auto Acceptance, together with its parent Tricolor Auto Group and other affilites sought relief under Chapter 7 of the U.S. Bankruptcy Code(Bankr. N.D. Tex. Case No. 25-33497) on September 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Debtor is represented by Thomas Robert Califano, Esq. at Sidley Austin LLP. TRU LEASE: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Tru Lease LLC 1030 S. Westerb Ave. Park Ridge, IL 60068 Business Description: Tru Lease LLC, located in Park Ridge, Illinois, is a privately held company operating in the general freight trucking sector. Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-00599 Debtor's Counsel: E. Philip Groben, Esq. GENSBURG CALANDRIELLO & KANTER, P.C. 200 W. Adams St., Ste. 2425 Chicago, IL 60606 Tel: (312) 263-2200 Fax: (312) 263-2242 Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Zoran Grmaskoski 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/6SKAOJI/Tru_Lease_LLC__ilnbke-26-00599__0001.0.pdf?mcid=tGE4TAMA TVT HOLDINGS: Sylvia Mayer Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 7 appointed Sylvia Mayer as Subchapter V trustee for TVT Holdings LLC. Ms. Mayer will be paid an hourly fee of $450 for her services as Subchapter V trustee, plus $195 per hour for a paralegal and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Sylvia Mayer S. MAYER LAW PLLC P.O. Box 6542 Houston, TX 77265 Telephone: (713) 893-0339 Facsimile: (713) 661-3738 Email: smayer@smayerlaw.com About TVT Holdings LLC TVT Holdings LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30116) on January 5, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Eduardo V. Rodriguez presides over the case. Jeremy Thomas Wood, Esq. at the Law Office of Jeremy T. Wood, PLLC represents the Debtor as bankruptcy counsel. UNI SYSTEMS: Chapter 15 Case Summary ------------------------------------ Chapter 15 Debtor: Uni Systems Do Brasil Ltda. R. Antonio Seron, 342 Centro - Zip Code 14160-520 Sertaozinho - SP Brazil Business Description: Uni Systems Do Brasil Ltda., based in Sertaozinho, Sao Paulo, Brazil, provides engineering and industrial technology solutions for the sugar, ethanol, and energy sectors, offering process engineering, project management, and industrial equipment procurement services within the machinery and industrial solutions industry. Foreign Proceeding: 3rd Civil Court of the Judicial District of Sertaozinho, State of Sao Paulo, Brazil Chapter 15 Petition Date: January 13, 2026 Court: United States Bankruptcy Court Southern District of Florida Judge: TBD Foreign Representative: Dr. Felipe Barbi Scavazzini, in his capacity as judicial administrator Av. Presidente Vargas, 2121, 801,810 Jardim Santa Angela - Zip 14020-525 Ribeirao Preto/SP Brazil Foreign Representative's Counsel: Gabriela M. Ruiz, Esq. KING & RUIZ LLP 2 S. Biscayne Blvd., Suite 3200 Miami Florida 33131 Tel: (305) 395-4984 Email: gruiz@kingruiz.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/I6IPRAY/Uni_Systems_Do_Brasil_Ltda__flsbke-26-10322__0001.0.pdf?mcid=tGE4TAMA VERASTEM INC: Polar Capital Entities Hold 5.09% Stake ----------------------------------------------------- Polar Capital Holdings Plc, Polar Capital LLP, and Polar Capital Funds PLC - Biotechnology Fund, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of December 31, 2025, they beneficially own 3,398,898.71 shares of common stock (held through the Polar Capital Funds PLC - Biotechnology Fund, with Polar Capital LLP as investment manager and Polar Capital Holdings Plc as parent company) of Verastem, Inc.'s common stock, $0.0001 par value per share, representing 5.09% of the 66,776,006 shares outstanding (as reported in the Company's Form 10-Q filed on November 3, 2025). Polar Capital Holdings Plc may be reached through: Nicholas Farren, Chief Operating Officer 16 Palace Street, London SW1E 5JD, United Kingdom A full-text copy of Polar Capital Holdings Plc's SEC report is available at: https://tinyurl.com/4zj85e25 About Verastem, Inc. Verastem, Inc. is a biopharmaceutical company committed to the development and commercialization of new medicines to improve the lives of patients diagnosed with ras sarcoma / mitogen activated pathway kinase pathway-driven cancers. The Company's pipeline is focused on novel small molecule drugs that inhibit critical signaling pathways in cancer that promote cancer cell survival and tumor growth, including RAF/MEK inhibition, FAK inhibition and KRAS G12D inhibition. As of September 30, 2025, the Company had $176.85 million in total assets, $192.38 million in total liabilities, and $15.53 million in total stockholders' equity. Boston, Mass.-based Ernst & Young LLP, the Company's auditor since 2011, issued a 'going concern' qualification in its report dated March 20, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, citing that the Company has suffered recurring losses from operations, has a working capital deficiency, and has stated that substantial doubt exists about the Company's ability to continue as a going concern. VITAL DENTAL: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Vital Dental Center, LLC 279 State Rd 7 Margate, FL 33068 Business Description: Vital Dental Center, LLC is a dental practice based in Margate, Florida, with an additional location in Pompano Beach, providing general, family, and pediatric dentistry, as well as cosmetic and restorative dentistry -- including dental implants, crowns, bridges, dentures, fillings, and root canal therapy -- and emergency dental care. The practice offers extended hours, including Saturdays, and uses modern facilities and technology to support patient comfort and comprehensive treatment. Chapter 11 Petition Date: January 14, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-10432 Judge: Hon. Peter D. Russin Debtor's Counsel: Peter Spindel, Esq. PETER SPINDEL, ESQ., P.A. 7756 N. Kendall Dr. #207 Miami, FL 33186 Tel: 786-355-4631 Email: peterspindel@gmail.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Martin Maya as manager. A list of the Debtor's 20 largest unsecured creditors was not provided alongside the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/AA3N2NI/Vital_Dental_Center_LLC__flsbke-26-10432__0001.0.pdf?mcid=tGE4TAMA VITAL ENERGY: Moody's Raises CFR to Ba3 & Alters Outlook to Stable ------------------------------------------------------------------ Moody's Ratings upgraded Vital Energy, Inc.'s (Vital) Corporate Family Rating to Ba3 from B1, Probability of Default Rating to Ba3-PD from B1-PD, and Vital's senior unsecured notes due 2032 to B1 from B2. Moody's confirmed the B2 ratings of Vital's senior unsecured notes due 2029 and 2030 that remain outstanding following Crescent's exchange for new notes. The rating outlook was changed to stable from ratings under review. Previously, the ratings were under review for upgrade. This action concludes the ratings review initiated on August 26, 2025 following Vital's agreement to be acquired by Crescent Energy Finance LLC (Crescent, Ba3 stable). Shortly following this rating action, Moody's will withdraw Vital's CFR and PDR, since the company has been acquired and its remaining unsecured notes were legally assumed by Crescent. Crescent and Vital have merged, with Crescent as the surviving entity. Vital's SGL-2 Speculative Grade Liquidity (SGL) rating was withdrawn concurrently with this rating action. RATINGS RATIONALE The upgrade of Vital's Ba3 CFR reflects its merger with Crescent to align the ratings. Vital's senior unsecured notes due in July 2029, October 2030 and April 2032 are now senior unsecured obligations of Crescent. Vital's 2032 notes are rated B1, at the same level as Crescent's existing unsecured notes as they share the same guarantors, and therefore are pari passu. All of these notes are rated below the Ba3 CFR, due to their subordination to the secured revolver. Crescent executed exchange offers for Vital's 2029 and 2030 notes that resulted in the substantial majority of those notes being exchanged. The remaining outstanding Vital 2029 and 2030 notes are rated B2 because they are only guaranteed by Vital Midstream Services, and therefore structurally subordinated with respect to the subsidiaries that guarantee all the other notes. Crescent's Ba3 CFR is supported by its large scale, with the acquisition of Vital diversifying its basin operations, providing more investment optionality and creating synergies. Crescent has meaningfully expanded its size by applying its growth via acquisition strategy. The Vital transaction follows several acquisitions over the past few years that have expanded its operating footprint in the Eagle Ford Basin. Vital has relatively high breakeven costs so enhancing its capital efficiency could add support to Crescent's ratings. Across the combined business, hedges will enhance cash flow visibility and mitigate commodity price volatility, helping the company generate free cash flow for debt reduction to reduce its net leverage (net Debt/EBITDA), along with asset sales, back towards its long-term target of 1.0x. The company is willing to bring leverage back to a maximum of 1.5x to support acquisitions. The stable outlook is based on Moody's expectations that Crescent will successfully execute its $1 billion in planned non-core asset divestitures (it has executed agreements for over $900 million through December 3) while also reducing activities on Vital's acreage which will support debt reduction and improved leverage. When Crescent announced this acquisition, it increased its planned asset sales from $250 million to further enable deleveraging. Moody's have decided to withdraw Vital's CFR, PDR and SGL rating due its merger with Crescent. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Factors that could lead to an upgrade of Crescent include consistent positive free cash; meaningful debt reduction after the acquisition closes and sustained low leverage; maintenance of strong liquidity and conservative financial policies; retained cash flow (RCF) to debt above 50%; and a leveraged full cycle ratio (LFCR) above 2.0x. Factors that could lead to a downgrade of Crescent include debt and leverage not reduced as expected; a meaningful decline in production; RCF/debt below 35%; an LFCR approaching 1.0x; or weakening liquidity. Vital Energy, Inc. was merged with Crescent. Crescent is a subsidiary of publicly traded Crescent Energy Company, an independent exploration and production company headquartered in Houston, Texas. Crescent primarily operates in the Eagle Ford Basin in Texas and the Uinta Basin in the Rockies, and through the acquisition of Vital has added assets in the Permian Basin. KKR & Co. Inc., through an indirect subsidiary, holds an ownership interest and provides management services. The principal methodology used in these ratings was Independent Exploration and Production published in December 2022. 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. WATERLOO AFFORDABLE: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------------- The U.S. Trustee for Region 12 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Waterloo Affordable Housing, LLC. About Waterloo Affordable Housing Waterloo Affordable Housing, LLC, doing business as Waterloo Heritage Home, Heritage Homes, and Heritage Apartments, owns residential properties in Waterloo, Iowa, that provide affordable housing for low-income tenants. Waterloo Affordable Housing filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Iowa Case No. 25-01360) on December 8, 2025, listing $3,800,000 in assets and $9,850,337 in liabilities. The bankruptcy petition was executed by Central States Development, LLC, in its capacity as managing member, through its authorized signatory, John C. Foley. Joseph A. Peiffer, Esq., at AG & Business Legal Strategies serves as the Debtor's counsel. WOOF HOLDINGS: Credit Suisse Marks $450,000 Loan at 63% Off ----------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $450,000 loan extended to WOOF Holdings, Inc. to market at $168,750 or 38% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended October 31, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to WOOF Holdings, Inc. The loan accrues interest at 8.013% per annum. The loan matures on December 31, 2029. Credit Suisse High Yield Credit Fund is a business trust organized under the laws of the State of Delaware on April 30, 1998. Effective September 15, 2025, the Fund changed its name from "Credit Suisse High Yield Bond Fund" to "Credit Suisse High Yield Credit Fund." The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Credit Fund 1285 Avenue of the Americas New York, New York 10019 Telephone: (212) 325-2000 About WOOF Holdings, Inc. Woof Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, retails pets and pet care products. ZOMEGA LLC: Seeks Chapter 7 Bankruptcy in Washington ---------------------------------------------------- Zomega LLC filed a voluntary Chapter 7 bankruptcy petition on January 09, 2026, in the U.S. Bankruptcy Court for the Western District of Washington. Court records indicate the company has assets and liabilities between $0 and $100,000, with 1–49 creditors. About Zomega LLC Zomega LLC is a limited liability company. Zomega LLC commenced proceedings under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10057) on January 09, 2026. The filing shows estimated assets of $0–$100,000 and liabilities of $0–$100,000. The case is assigned to Judge Christopher M. Alston, with legal representation by Jason E. Anderson, Esq., of Emerald City Law Firm PC. [] Jessica Lauria Leaves White & Case, Starts New Firm ------------------------------------------------------ Jodi Klein, writing for the WSJ Pro Bankruptcy's Daily Briefing, reports that Jessica Lauria has left White & Case to launch JL Special Situations, an advisory firm aimed at helping boards, investors and other stakeholders navigate high-stakes, complex corporate situations. Ms. Lauria was a partner in the White & Case Global Financial Restructuring and Insolvency Practice, representing clients in a wide variety of in-court and out-of-court restructuring matters. Ms. Lauria helped lead the Boy Scouts of America through its landmark bankruptcy and multibillion-dollar settlement of tens of thousands of abuse claims. She also represented 3M in the bankruptcy of its earplug subsidiary Aearo Technologies and Johnson & Johnson as the company sought to move talc-injury cases to bankruptcy court through a newly formed subsidiary. Ms. Lauria, then known as Jessica Boelter, previously worked at Sidley Austin. In October 2020, Ms. Lauria and Bojan Guzina, the global co-chairs of Sidley's restructuring practice, moved to White & Case. A month later, Jessica married Thomas Lauria, the head of White & Case's bankruptcy and restructuring practice. Ms. Lauria's last day at White & Case was Dec. 31, 2025, the WSJ report said, citing people with knowledge of the matter. JL Special Situations, according to WSJ's sources, will provide guidance on board-level strategy, interim management, mediation, mergers and acquisitions, and cross-border transactions. White & Case said it appreciated Ms. Lauria's contributions to the firm. ********* 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. 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