260121.mbx

260121.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, January 21, 2026, Vol. 30, No. 21 Headlines 16 WARREN: Hires Kirby Aisner & Curley as Bankruptcy Counsel 168 MANHATTAN: Samuel Dawidowicz Named Subchapter V Trustee 168 MANHATTAN: Seeks Chapter 11 Bankruptcy in New York 2507 WOODBROOK: Jolene Wee Named Subchapter V Trustee 32 JANIE: Seeks to Hire Isaac Nutovic as Bankruptcy Counsel 372 PARKSIDE: Hires Narissa A. Joseph PC as Bankruptcy Counsel 372 PARKSIDE: Seeks to Hire Harmony Homes Realty as Broker 3910 ENTERPRISES: Court Allows Creditor to File Proof of Claim 52 CHARLIE: Hires Law Offices of Isaac Nutovic as Legal Counsel 5410 30TH STREET: Files Amended Motion to Tap Johnson as Counsel 8257 ODIS: Kathleen DiSanto Named Subchapter V Trustee AFTERGLOW H20: Seeks Chapter 7 Bankruptcy in California AIX VENTURES: Hires Joel M. Aresty P.A. as Bankruptcy Counsel AMPLE INC: To Sell Thermal Chamber to Amperesand for $150K ANDERSON HOOP: Claims to be Paid from Available Cash ANDROMEDA ENTERTAINMENT: Seeks Chapter 7 Bankruptcy in Texas APPLE TREE: Seeks to Retain Ordinary Course Professional AQUA RESOLUTION: Voluntary Chapter 11 Case Summary ARCHDIOCESE OF SAN FRANCISCO: Insurers File Abuse-Related Suits ARMAAN TRUCKING: Case Summary & Three Unsecured Creditors ARROW LOGISTICS: Seeks Chapter 7 Bankruptcy in Georgia ARTIFICIAL INTELLIGENCE: Tightens Cost Structure to Boost Cash Flow ARTISTIC HOLIDAY: Gets Extension to Access Cash Collateral AVALON GLOBOCARE: Nasdaq Confirms Full Compliance With Equity Rule BET MIDRASH: Case Summary & Six Unsecured Creditors BIOXCEL THERAPEUTICS: Welcomes Mark Pavao as Interim CCO BRADLEY MECHANICAL: Seeks Chapter 11 Bankruptcy in California BRANDSTORM INC: Seeks Chapter 7 Bankruptcy in California BRIGHTLINE TRAIN FLORIDA: Draws on Reserve Account to Pay Muni Debt BRIVIA GROUP: Specific Construction Projects Seek CCAA Protection BROADWAY REALTY: Court Confirms Joint Chapter 11 Plan, Okays Sale BROOKLYN KEBAB: Plan Exclusivity Period Extended to April 20 BROWARD COUNTY, FL: Gov. Wants School District in Receivership BUILT LLC: Seeks to Hire Anderson Business Services as Accountant BURTON TRANSPORT: Seeks to Hire Evans & Mullinix P.A. as Attorney CHC901 LLC: Michael Coury Named Subchapter V Trustee CHERRY HILL: Trustee Taps LaMonica Herbst & Maniscalco as Counsel CHESAPEAKE ENERGY: EJS Sues Walker, Kirkland Over Judge Romance COLUMBUS MCKINNON: Fitch Assigns First Time 'B+' IDR COMPANION CARE: Updates Unsecured Claims Pay Details COMPASS COFFEE: Greenstein DeLorme Represents Landlords CONTROL AND INFORMATION: Seeks Chapter 7 Bankruptcy in Texas COOL SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors CRYSTAL GROUP: Hires Robert S. Altagen Inc. as Bankruptcy Counsel CTCHGC LLC: Seeks to Hire Barron & Newburger as Bankruptcy Counsel D'CASSA LLC: Unsecured Creditors Will Get 5.90% of Claims in Plan DAVID CARTU: BDO Oversees Receivership for $300,000 Settlement DB PROPERTIES: Voluntary Chapter 11 Case Summary DEL MONTE: B&G Foods to Acquire Broth & Stock Business for $110M DEL MONTE: Fresh Del Monte Wins $285M Court-Supervised Sale DEL MONTE: Names Three Successful Bidders in Asset Sale DRAKO CONSTRUCTION: Seeks Chapter 7 Bankruptcy in Texas DRAKO CONSTRUCTION: Seeks Chapter 7 Bankruptcy in Texas DYNATRONICS CORP: Files Chapter 7 Case After Ceasing Operations E & E BUILDERS: Seeks Chapter 7 Bankruptcy in California ECGPR LLC: Unsecureds Owed $200K+ to Get 16% in 60 Months EDGAR BENJAMIN: Sale of Facility to Allaire Health to Close Feb. 1 ELETSON HOLDINGS: Levona Wins Bid to Vacate 2023 Arbitral Award ELETSON HOLDINGS: Wins Bid to Compel Depositions ELIS HOLDINGS: Gets OK to Hire J. Zac Christman as Legal Counsel EMERGING ENTERTAINMENT: Seeks Chapter 11 Bankruptcy in Illinois ETEGRA INC: Hires Kelley Kaplan & Eller PLLC as General Counsel EXCELL COMMUNICATIONS: Plan Exclusivity Period Extended to Feb. 27 FAT BRANDS: May File for Bankruptcy Protection FIREHOUSE GRILL: Case Summary & 17 Unsecured Creditors FIREXO CORP: Firexo Inc. Wants Skutch Arlow as Receiver FLIPCAUSE INC: Court Orders Appointment of Chapter 11 Trustee FLOOF LLC: Gets Extension to Access Cash Collateral FLOW HEALTH: Seeks Chapter 7 Bankruptcy in California FORT STOCKTON TOWING: Seeks Chapter 11 Bankruptcy in Texas FOUNDATION WERKS: Hires Offit Kurman P.A. as Bankruptcy Counsel FRATELLI CONSTRUCTION: Seeks Chapter 7 Bankruptcy in California FREIGHT TECHNOLOGIES: ATW Partners and Affiliates Hold 9.99% Stake GLOBAL CONCESSIONS: Seeks to Extend Plan Exclusivity to January 30 GRE DOWNTOWNER: Freddie Mac Wants Trigild as Receiver GREEN TREE: Court Extends Cash Collateral Access to Feb. 24 GURINO HOUSING: Jolene Wee Named Subchapter V Trustee H.I.P. PICTURES: Seeks Chapter 7 Bankruptcy in California HALE O ENTERPRISES: Seeks Chapter 7 Bankruptcy in Texas HANSEN-MUELLER CO: Comm. Taps FTI Consulting as Financial Advisor HANSEN-MUELLER CO: Committee Taps Lally Legal Group as Attorney HANSEN-MUELLER CO: Committee Taps Thompson Coburn as Lead Counsel HANSEN-MUELLER CO: Committee Taps Thompson Coburn as Lead Counsel HARBOR MANAGEMENT: Ruediger Mueller Named Subchapter V Trustee HASKO TRADING: Seeks Chapter 7 Bankruptcy in California HERNAN REYES: Seeks to Hire Zalutsky & Pinski Ltd. as Attorney HUDSON 1701/1706: Seeks to Extend Plan Exclusivity to May 20 HYGRADE DELI: Shuts Down, Enters Receivership IHN PODIATRY: Case Summary & 20 Largest Unsecured Creditors IMMANUEL SOBRIETY: No Patient Care Concern, 13th PCO Report Says INVATECH PHARMA: Seeks to Extend Plan Exclusivity to April 9 JAGUAR HEALTH: Funds Working Capital With $350,000 Notes, Warrants JERRY'S PLACE: Taps Geno and Steiskal PLLC as Bankruptcy Counsel JOEY PAYNE: Seeks to Hire Jones & Walden LLC as Bankruptcy Counsel KLH STYLE: Seeks Chapter 7 Bankruptcy in Texas KNAPP & BRUNNER: Hires George E. Jacobs as Bankruptcy Counsel KOSMOS ENERGY: Commences $250MM Cash Tender Offer for 2027 Notes LANDMARK RECOVERY: No Patient Care Concern, 2nd PCO Report Says LEV DIAGNOSTICS: Matthew Brash Named Subchapter V Trustee LEXDEN MANAGEMENT: Hires Mark S. Roher PA as Bankruptcy Counsel LINQTO TEXAS: Selects VanEck & Forge for Liquidating Trust & Fund LKM CONVENIENCE: Dwayne Murray Named Subchapter V Trustee LUMINAR TECHNOLOGIES: Signs $22MM LiDAR Sale to Quantum Computing MAIYA WISH: John-Patrick Fritz Named Subchapter V Trustee MAWSON INFRASTRUCTURE: Endeavor Blockchain Holds 38.1% Stake MERIDIANLINK INC: S&P Withdraws 'B+' ICR on Debt Repayment MES: Represented by Latham & Watkin in Divestiture of Liabilities MICK'S GRASS: Seeks Chapter 11 Bankruptcy in Texas MIDNIGHT VENTURES: Unsecured Creditors to Split $62K over 5 Years MOTHER FLIPPING: Gets OK to Hire Neeleman Law Group as Counsel MOUNTAIN VISTA: David Stapleton's Appointment as Trustee OK'd MTG INC: Summary Judgment in Favor of Taunt, et al., Affirmed MYIA LABS: Seeks Chapter 7 Bankruptcy in California NELLIS CAB: Files Amended Motion to Tap Force Ten as Advisors NEW GRANT: Seeks to Hire Hilco Real Estate as Consultant NO RUST: Court Affirms Judgment in Smith v. Slott Adversary Case NOBLE PROPERTY: Carol Fox of GlassRatner Named Subchapter V Trustee NOURISH BUYER: $150MM Upsized Loan No Impact on Moody's 'B3' CFR NOVA AT SUMMER: USC 433 Hebron Loses Bid to Dismiss Bankruptcy Case OAK GROVE: Seeks to Hire Jones & Walden LLC as Bankruptcy Counsel ONE GATEWAY: Seeks to Hire Levis Law Firm as Bankruptcy Counsel PACIFIC STREET: Wilmington Trust Wants Trigild as Receiver PATHFINDER AUTO: Case Summary & 20 Largest Unsecured Creditors PINE GATE: Feb. 18 Hearing to Confirm Chapter 11 Exit Plan PPF FARMS: Section 341(a) Meeting of Creditors on February 10 PRAESUM HEALTHCARE: Court OKs Sale of Behavioral Health Business PRAESUM HEALTHCARE: Court Orders Appointment of Chapter 11 Trustee PROTRADE LOGISTICS: Ira Bodenstein Named Subchapter V Trustee PULSE STAGE: Nancy Isaacson Named Subchapter V Trustee QUANTUM CORP: Dialectic Entities Hold 41.3% Equity Stake R & G HOME: Tom Howley of Howley Law Named Subchapter V Trustee R INTERCONNECTIONS: Eric Huebscher Named Subchapter V Trustee REACHONE LLC: Seeks Chapter 11 Bankruptcy in California REDDEN-WOOD & ASSOCIATES:Taps J Wiliam St Clair as Special Counsel REDFISH PROPERTY: U.S. Bank Loses Bid to Transfer Case Venue REGIS UNIVERSITY: Moody's Cuts Issuer & Revenue Bond Ratings to B1 REGISTER MEANT: Hires Michael H. Moody Law as Bankruptcy Counsel REGISTER MEANT: Hires Moore Ellison & McDuffie CPAs as Accountant RELLIS CAMPUS: Creditors Committee Files Rule 2019 Statement RITE GUIDE: Seeks Chapter 11 Bankruptcy in Nevada ROBINSON FAMILY: Katharine Battaia Clark Named Subchapter V Trustee ROCKY MOUNTAIN: Christy Brandon Named Subchapter V Trustee ROOFING DESIGNS: Summary Judgment Affirmed in Royal American Suit ROOSEVELT UNIVERSITY: Fitch Alters Ratings Outlook to Positive RUIZ CARPET: Seeks Chapter 7 Bankruptcy in Texas SAKS GLOBAL: Files Ch. 11, Secures $1.75B Financing Commitment SAKS GLOBAL: Gets Court OK to Pay Certain Prepetition Claims SAM'S DINER: Frederic Schwieg Named Subchapter V Trustee SANFORD CONTROLS: Stephen Darr of Huron Named Subchapter V Trustee SECURITY TRANSPORT: Claims to be Paid from Disposable Income SHIFTPIXY INC: APIZZA Wins Bid to Amend Stay Relief, Claim Order SILVA CONTRACTORS: Seeks Chapter 7 Bankruptcy in New York SONICWALL HOLDINGS: Moody's Lowers CFR to Caa2 & PDR to Caa2-PD STATION TWO: Voluntary Chapter 11 Case Summary STOPLOSS LLC: Involuntary Chapter 11 Case Summary SUNSET PALM: Claims to be Paid from Special Assessments T-SHIRT STATION: Seeks to Hire Kiem Law PLLC as Bankruptcy Counsel TEXAS INTERNATIONAL: Hires Law Office of Carl M. Barto as Counsel THASSOS INC: Gets OK to Use Cash Collateral Until Feb. 19 THUNDER INTERNATIONAL: Claims to be Paid from Ongoing Operations TIMBER PROS: Hires Law Offices of Craig M. Geno PLLC as Counsel TITAN GROUP: Hires Terzian Law Group as Bankruptcy Counsel TRINSEO PLC: Approves $9.75MM Retention Bonuses for Execs UNIQUE THIRD: Court Directs U.S. Trustee to Appoint PCO UNIQUE THIRD: Court Orders Appointment of Patient Care Ombudsman UNITED SITE: Hire Kurtzman Carson as Administrative Advisor UNITED SITE: Seeks Approval to Hire Cole Schotz PC as Co-Counsel UNITED SITE: Seeks to Hire Alvarez & Marsal as Financial Advisor UNITED SITE: Seeks to Hire Milbank LLP as Bankruptcy Counsel UNITED SITE: Seeks to Hire PJT Partners LP as Investment Banker UNITED SITE: Seeks to Hire PwC US Tax LLP as Tax Services Provider UNITED SITE: Taps PricewaterhouseCoopers as Audit Services Provider VALLEY PROPERTY: Katharine Battaia Clark Named Subchapter V Trustee VALLEY PROPERTY: Seeks Chapter 11 Bankruptcy in Texas VALMONT HOLDINGS: Claims to be Paid from Property Sale Proceeds VITAL DENTAL: Soneet Kapila Named Subchapter V Trustee VIVIANS RESTAURANT: Case Summary & 14 Unsecured Creditors VOBEV LLC: Judge Recommends Dismissal of Adonis Counterclaims VON ROHR: Nancy Isaacson's Appointment as Chapter 11 Trustee OK'd WALLBEDS N MORE: Seeks Chapter 7 Bankruptcy in Texas WATCHTOWER FIREARMS: Court Okays Husch Blackwell's Fee Application WEBUILD SPA: Wins Bid to Dismiss SCMS's Suit Over Arbitration Award WORKHORSE GROUP: $600,000 Annual Base Salary for CEO OK'd XPRESSGUARDS LLC: Linda Leali Named Subchapter V Trustee YUN FONG WHOLESALE: Seeks Chapter 7 Bankruptcy in California ZION OIL & GAS: Board Welcomes William Avery as Class II Director [] Bankruptcy Accts. Still Hold Value, Says Bankrupt Debt Services [] Foreclosure Activity Rises 14% in 2025, ATTOM Reports [] Jeffrey Michalik Joins Willkie's Chicago Office as Partner [] Mae Rogers Joins King & Spalding's N.Y. Restructuring Practice [] Stretto Appoints Robert Klamser as Chief Innovation Officer ********* 16 WARREN: Hires Kirby Aisner & Curley as Bankruptcy Counsel ------------------------------------------------------------ 16 Warren Street PH LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Kirby Aisner & Curley, LLP as its attorneys. The firm will render these services: a. give advice to the Debtor with respect to its powers and duties as Debtor-in-Possession and the continued management of its property and affairs; b. negotiate with creditors of the Debtor and work out a plan of reorganization and take the necessary legal steps in order to effectuate such a plan including, if need be, negotiations with the creditors and other parties in interest; c. prepare the necessary answers, orders, reports and other legal papers required for the Debtor's protection from its creditors under Chapter 11 of the Bankruptcy Code; d. appear before the Bankruptcy Court to protect the interest of the Debtor and to represent the Debtor in all matters pending before the Court. e. attend meetings and negotiate with representatives of creditors and other parties in interest; f. advise the Debtor in connection with any potential refinancing of secured debt; g. represent the Debtor in connection with obtaining post-petition financing, if necessary; h. represent the Debtor in the sale of its assets, if necessary; i. take any necessary action to obtain approval of a disclosure statement and confirmation of a plan of reorganization; and j. perform all other legal services for the Debtor which may be necessary for the preservation of the Debtor's estate and to promote the best interests of the Debtor, its creditors and its estate. The firm's rates are: Dawn Kirby, Partner $625 per hour Erica R. Aisner, Partner $525 per hour Julie Cvek Curley, Partner $525 per hour Dana Brescia, Of Counsel $495 per hour Jessica Hill, Associate $375 per hour Khyati Tuli, Law Clerk $250 per hour Paralegals $175 per hour The firm received a retainer in the amount of $29,333. Kirby Aisner & Curley, LLP does not hold or represent any interest adverse to the Debtor's estate and is a "disinterested person" as defined in Bankruptcy Code Sec. 101(14). The firm can be reached through: Dawn Kirby, Esq. KIRBY AISNER & CURLEY LLP 700 Post Road, Suite 237 Scarsdale, NY 10583 Tel: (914) 401-9500 E-mail: dkirby@kacllp.com About 16 Warren Street PH LLC 16 Warren Street PH LLC is a single asset real estate company. 16 Warren Street PH LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12953) on December 31, 2025. In its petition, the debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge not listed handles the case. The debtor is represented by Dawn Kirby, Esq. of Kirby Aisner & Curley, LLP. 168 MANHATTAN: Samuel Dawidowicz Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Region 2 appointed Samuel Dawidowicz as Subchapter V trustee for 168 Manhattan, Inc. Mr. Dawidowicz will be paid an hourly fee of $595 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Dawidowicz declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Samuel Dawidowicz 215 East 68th Street New York, NY 10065 Phone: (917) 679-0382 About 168 Manhattan Inc. 168 Manhattan Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-40179) on January 14, 2026, listing up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Nancy Hershey Lord presides over the case. 168 MANHATTAN: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------ 168 Manhattan Inc. initiated a voluntary Chapter 11 bankruptcy on January 14, 2026, in the Eastern District of New York. Court records indicate the company carries $1 million to $10 million in liabilities and lists between 1 and 49 creditors. About 168 Manhattan Inc. 168 Manhattan Inc. is a single asset real estate company. The company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-40179) on January 14, 2026. Bankruptcy schedules show assets of up to $100,000 and liabilities in the $1 million to $10 million range. The matter is assigned to U.S. Bankruptcy Judge Nancy Hershey Lord. 2507 WOODBROOK: Jolene Wee Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Jolene Wee of JW Infinity Consulting, LLC as Subchapter V trustee for 2507 Woodbrook, LLC. Ms. Wee will be compensated at $660 per hour for work performed in 2026. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Wee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jolene E. Wee JW Infinity Consulting, LLC 447 Broadway 2nd Fl #502 New York, NY 10013 Telephone: (929) 502-7715 Facsimile: (646) 810-3989 Email: jwee@jw-infinity.com About 2507 Woodbrook LLC 2507 Woodbrook, LLC filed a Chapter 11 bankruptcy petition (Bankr. D. Md. Case No. 25-20424) on November 4, 2025, listing $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Nancy V. Alquist oversees the case. The Debtor tapped The Law Offices of Gary S. Poretsky, LLC as bankruptcy counsel. 32 JANIE: Seeks to Hire Isaac Nutovic as Bankruptcy Counsel ----------------------------------------------------------- 32 Janie LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Law Offices of Isaac Nutovic as counsel. The firm will render these services: (a) assist in the administration of this Chapter 11 proceeding; (b) prepare or review operating reports; (c) set a bar date; (d) file a motion to sell its property; (e) review claims and resolve claims which should be disallowed; (f) defend lift stay motions; (g) draft a plan of reorganization including all exhibits and schedules thereto, and (h) confirm a Chapter 11 plan; and (i) provide all other services necessary to confirm a plan. The firm is billing the Debtor at these rates: $650 per hour for attorney time; and $200 per hour for paralegal or legal assistant time. The firm received a retainer payment of $70,000. Isaac Nutovic, Esq., a partner at the Law Offices of Isaac Nutovic, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Isaac Nutovic, Esq. Law Offices of Isaac Nutovic 261 Madison Avenue, 26th Floor New York, New York 10016 Telephone: (917) 922-7963 Email: inutovic@nutovic.com About 32 Janie LLC 32 Janie LLC, classified as a single-asset real estate company, provides services related to real estate, including property management and real estate appraisal, operating in Lawrence, New York. 32 Janie LLC in Lawrence, NY, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D.N.Y. Case No. 25-12914) on Dec. 29, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Ephraim Diamond in his capacity as managing member of Arbel Capital Advisors LLC, which serves as the manager of the Debtor, signed the petition. Judge John P Mastando III oversees the case. LAW OFFICES OF ISAAC NUTOVIC serve as the Debtor's legal counsel. 372 PARKSIDE: Hires Narissa A. Joseph PC as Bankruptcy Counsel -------------------------------------------------------------- 372 Parkside Avenue Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Law Office of Narissa A. Joseph PC as attorney. The firm's services include: (a) consulting with the Debtor concerning the administration of the case; (b) investigating the Debtor's past transactions, commencing actions with respect to the Debtor's avoiding powers under the Bankruptcy Code; and advising the Debtor with respect to transactions entered into during the pendency of the Debtor's case; (c) assisting the Debtor in the formation of a Chapter 11 plan; and (d) performing any and all such other legal services as may required by the Debtor in the interest of the estate. The firm will be paid at these hourly rates: Partner $350 - $400 Associate $275 - $300 Clerks/Paraprofessional $75 - $100 Narissa Joseph, Esq., an attorney at the firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Narissa A. Joseph, Esq. Law Office of Narissa A. Joseph 305 Broadway, Suite 1001 New York, NY 10007 Telephone: (212) 233-3060 About 372 Parkside Avenue Inc. 372 Parkside Avenue Inc. is a real estate company based in Brooklyn, New York, engaged in land development and property management. The Company owns and operates a multi-family residential building at 372 Parkside Avenue. 372 Parkside Avenue Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44225) on September 4, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Nancy Hershey Lord handles the case. The Debtor is represented by Narissa A. Joseph, Esq. at NARISSA JOSEPH. 372 PARKSIDE: Seeks to Hire Harmony Homes Realty as Broker ---------------------------------------------------------- 372 Parkside Avenue Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Harmony Homes Realty as real estate broker. The firm's services include: (a) consulting with Debtor concerning the sale of the Debtor's property located at 372 Parkside Avenue, Brooklyn, NY 11226; (b) investigating and conducting due diligence; (c) advertising and marketing the Property; and (d) performing any and all other services as may be required by Debtor to effectuate the sale of the Property. Compensation will be paid to the realtor at a rate of 3.5 percent of the sale price. As disclosed in the court filings, Harmony Homes Realty is a "disinterested party" as defined in 11 U.S.C. Sec. 101(14). The firm can be reached through: Petal Van Rossum Harmony Homes Realty 77 Tapscott Street, Suite B Brooklyn, NY 11212 Phone: (917) 795-2646 About 372 Parkside Avenue Inc. 372 Parkside Avenue Inc. is a real estate company based in Brooklyn, New York, engaged in land development and property management. The Company owns and operates a multi-family residential building at 372 Parkside Avenue. 372 Parkside Avenue Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44225) on September 4, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Nancy Hershey Lord handles the case. The Debtor is represented by Narissa A. Joseph, Esq. at NARISSA JOSEPH. 3910 ENTERPRISES: Court Allows Creditor to File Proof of Claim -------------------------------------------------------------- Judge Alfredo R. Perez of the United States Bankruptcy Court for the Southern District of Texas granted Tax Lien Loan SPV, LLC's motion for leave to allow filing of a proof of claim after the deadline. The creditor seeks an extension of time to file a proof of claim in this case and to have this claim allowed as though timely filed, despite the passage of the bar date. The creditor is ordered to file a proof of claim by January 30, 2026. The proof of claim, upon filing, is deemed timely filed. A copy of the Court's Order dated January 16, 2026, is available at https://urlcurt.com/u?l=CgYmxZ from PacerMonitor.com. About 3910 Enterprises Inc. 3910 Enterprises, Inc., manages real estate on behalf of clients and provides property appraisal services. 3910 Enterprises Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80362) on August 5, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Genevieve M. Graham, Esq., at Genevieve Graham Law, PLLC doing business as Graham, PLLC. 52 CHARLIE: Hires Law Offices of Isaac Nutovic as Legal Counsel --------------------------------------------------------------- 52 Charlie LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Law Offices of Isaac Nutovic as counsel. The firm will render these services: (a) assist in the administration of this Chapter 11 proceeding; (b) prepare or review operating reports; (c) set a bar date; (d) file a motion to sell its property; (e) review claims and resolve claims which should be disallowed; (f) defend lift stay motions; (g) draft a plan of reorganization including all exhibits and schedules thereto; (h) confirm a Chapter 11 plan; and (i) render all other services necessary to confirm a plan. The firm received a retainer payment of $70,000. The firm will charge $650 per hour for attorney time and $200 per hour for paralegal or legal assistant time. As disclosed in the court filings, the firm is disinterested within the meaning of section 327 of the Bankruptcy Code. The firm can be reached through: Isaac Nutovic, Esq. LAW OFFICES OF ISAAC NUTOVIC 261 Madison Ave, 26th Floor New York, NY 10016 Telephone: (917) 922-7963 Email: inutovic@nutovic.com About 52 Charlie LLC 52 Charlie LLC is a single-asset real estate company whose principal asset is located in New York, New York. 52 Charlie LLC in Lawrence, NY, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D.N.Y. Case No. 25-12915) on Dec. 29, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Ephraim Diamond as manager, signed the petition. Judge John P Mastando III oversees the case. LAW OFFICES OF ISAAC NUTOVIC serve as the Debtor's legal counsel. 5410 30TH STREET: Files Amended Motion to Tap Johnson as Counsel ---------------------------------------------------------------- 5410 30th Street DC LLC filed an amended application seeking approval from the U.S. Bankruptcy Court for the District of Maryland to hire Deirdre T Johnson, Esq. as attorney. The firm will render these services: a. evaluate the Debtor's financial condition and Chapter 11 eligibility; b. prepare and file the voluntary petition, schedules and related documents; c. advise the Debtor regarding its duties as debtor-in-possession under 11 U.S.C. Secs. 1107-1108; d. represent the Debtor at the Sec. 340 Meeting of Creditors and Court status conferences; e. prepare all motions, applications, and reports required by the Bankruptcy Code, Federal Rules, and Local Rules; f. assist with the preparation of a Chapter 11 plan and disclosure statement; and g. communicate with the United State Trustee, creditors, and parties in interest. The firm has agreed to represent the Debtor for the flat rate of $1,500. Mr. Johnson assured the court that he is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The counsel can be reached through: Deirdre T Johnson, Esq. Deirdre T Johnson, Esq. Attorney at Law 9701 Apollo Dr., Suite 301 Upper Marlboro, MD 20774 Tel: (301) 742-5385 Email: dtjesq@dtjohnsonlaw.com About 5410 30th Street DC LLC 5410 30th Street DC LLC is a limited liability company. 5410 30th Street DC LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-19605) on October 1, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Lori S. Simpson handles the case. The Debtor is represented by Deirdre Theresa Johnson, Esq. 8257 ODIS: 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 8257 Odis Yarborough Road Property Trust. Ms. DiSanto 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. 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 8257 Odis Yarborough Road Property Trust 8257 Odis Yarborough Road Property Trust filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00290) on January 14, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Caryl E. Delano presides over the case. Brittany Kearney, Esq., at Kearney Law, PLLC represents the Debtor as bankruptcy counsel. AFTERGLOW H20: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------- On January 10, 2026, Afterglow H20 LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. The voluntary petition was assigned Bankruptcy Case No. 26-10061. According to court filings, the debtor reports between $0 and $100,000 in debt owed to between 1 and 49 creditors. About Afterglow H20 LLC Afterglow H20 LLC is a limited liability company. Afterglow H20 LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10061) on January 10, 2026. In its petition, the debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities also between $0 and $100,000. The Honorable Bankruptcy Judge Mark D. Houle is handling the case. The debtor is represented by Darren G. Smith, Esq., of the Law Office of Darren G. Smith. AIX VENTURES: Hires Joel M. Aresty P.A. as Bankruptcy Counsel ------------------------------------------------------------- AIX Ventures, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Joel M. Aresty, P.A. as bankruptcy counsel. The firm will render these services: (a) give advice to the debtor with respect to its powers and duties as a debtor in possession and the continued management of its business operations; (b) advise the debtor with respect to its responsibilities in complying with the U.S. trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the debtor in all matters pending before the court; (e) represent the debtor in negotiation with its creditors in the preparation of a plan. The firm received $10,000 retainer prepetition and $2,000 cost deposit, against $500 hour plus costs, plus a $5,000 month post filing retainer. Joel M. Aresty, P.A. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Joel M. Aresty, Esq. JOEL M. ARESTY, P.A. 309 1st Ave S. Tierra Verde, FL 33715 Telephone: (305) 904-1903 Facsimile: (800) 899-1870 E-mail: Aresty@Mac.com About AIX Ventures AIX Ventures, LLC, a company based in Key Biscayne, Fla., filed a petition for Chapter 11 protection (Bankr. S.D. Fla. Case No. 21-20530) on Nov. 2, 2021, listing up to $10 million in assets and up to $500,000 in liabilities. Guillermo Lopez, manager of AIX Ventures, signed the petition. Judge Robert A. Mark oversees the case. The Debtor tapped Joel M. Aresty P.A. as legal counsel. AMPLE INC: To Sell Thermal Chamber to Amperesand for $150K ---------------------------------------------------------- Ample Inc. seeks permission from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. Founded in 2014, Ample's mission is to address fleet electrification challenges by developing modular battery-swapping solutions that make EV energy replenishment fast, convenient, and scalable. The Debtors have developed proprietary autonomous swapping stations, modular battery systems, and integrated vehicle hardware and software that allow depleted EV batteries to be exchanged for fully charged ones in minutes, without requiring significant vehicle re-engineering and with materially less downtime than conventional charging. Ample's modular stations can be deployed quickly, require a compact footprint, and are designed to support a wide range of OEM vehicle platforms, making them well suited for urban and suburban environments. The Debtor tells the Court that emergency relief is needed because it is moving out of the premises and has a buyer of the Thermal Chamber for $150,000. Selling now (without free and clear protections) avoids holdover rent obligations and gives time for purchaser time to disassemble and remove it. A Thermal Chamber is a box used to test EV vehicle batteries under various thermal conditions. The Purchaser, Amperesand Inc., has agreed to buy it "as is, where is," and without a "free and clear" for $150,000. Ample needs to consummate the sale on this accelerated timeline to avoid potential holdover rent on the leased premises and to meet the Purchaser's deadline. The Thermal Chamber is located at a leased testing facility at 2870 Cordelia Road, Fairfield, California, which is one of the leased properties that the Debtors seek to reject. The cost for disassembly and removal is $75,000, which the Purchaser is paying under the Proposed Sale. On January 15, 2026, the Purchaser sent engineers to inspect the Thermal Chamber and its ancillary equipment and to develop a plan to disassemble and ship the Thermal Chamber to the Purchaser. The Purchaser intends to send engineers and technicians to begin disassembly on January 22, 2026. Disassembly is expected to take at least a few days. About Ample Inc. Ample Inc. is an electric vehicle technology firm specializing in battery-swapping platforms and infrastructure. The company develops modular systems that allow EVs to replace batteries quickly, supporting continuous operation without lengthy charging intervals. Ample Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90817) on December 16, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Hugh Massey Ray, III, Esq. of Pillsbury Winthrop Shaw Pittman LLP. Twelve Bridge Capital, LLC, as DIP lender, is represented by Michael Fishel, Esq., at FISHEL LAW GROUP, in Houston, Texas. ANDERSON HOOP: Claims to be Paid from Available Cash ---------------------------------------------------- Anderson Hoop Dreams, Inc. filed with the U.S. Bankruptcy Court for the Middle District of Florida a Plan of Liquidation dated January 13, 2026. The Debtor is a Florida for Profit Corporation created by Articles of Incorporation filed with the Florida Secretary of State on or around March 20, 2020. The Debtor operates specialized fitness facilities offering structured, athletic-style training programs to a broad client base, including student-athletes, adults, and general fitness participants. The Debtor is located in Orlando, Florida, and operates as a franchisee of D1 Training. The Debtor's principal place of business is located at 2771 E. Livingston Street, Orlando, Florida, 32803 ("Premises"), which the Debtor leases from 400 N PRIMROSE, LLC (a noninsider). This is a liquidating plan, so a liquidation analysis is not necessary or appropriate, since creditors are receiving under this Plan what they would receive in a hypothetical Chapter 7 case, albeit with less administrative expenses. This Plan provides for 1 classes of secured claims; 1 class of unsecured claims; and 1 class of equity security holders. Class 2 consists of all Allowed General Unsecured Claims and includes all deficiency claims. In full satisfaction of the Allowed Class 2 Claims, holders of such claims shall receive a pro rata distribution of any remaining proceeds from the $23,000.00 received by the Debtor from the landlord in connection with the rejection of the unexpired lease, after payment of all Administrative Expenses and priority debt, together with any other cash on hand available for distribution after payment of such claims. This Class is impaired. Class 3 consists of any and all equity interests and warrants currently issued or authorized in the Debtor. This Class is Impaired. Class 3 interests shall be fully extinguished on the Effective Date. The Debtor shall continue to exist only for the purposes of consummating the Plan. After substantial consummation of the Plan, the Debtor shall be dissolved pursuant to Florida Law. The Plan contemplates that the Debtor will continue to operate its business solely for the purposes of consummating the Plan. The Liquidating Debtor will be responsible for all disbursements on account of Class 2. Except as explicitly set forth in this Plan, all cash in excess of operating expenses generated from operation until the Effective Date will be used for Plan Payments or Plan implementation, cash on hand as of Confirmation shall be available for Administrative Expenses. A full-text copy of the Liquidating Plan dated January 13, 2026 is available at https://urlcurt.com/u?l=SvNEGJ from PacerMonitor.com at no charge. Counsel to the Debtor: Jeffrey S. Ainsworth, Esq. BransonLaw, PLLC 1501 E. Concord Street Orlando, Florida 32803 Telephone (407) 894-6834 E-mail: jeff@bransonlaw.com About Anderson Hoop Dreams Anderson Hoop Dreams, Inc. operates specialized fitness facilities offering structured, athletic-style training programs to a broad client base. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-05772) on Sept. 12, 2025, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Jeffrey Ainsworth, Esq., at Bransonlaw PLLC, is the Debtor's legal counsel. ANDROMEDA ENTERTAINMENT: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------------ On January 14, 2026, Andromeda Entertainment Limited 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 approximately 1–49 creditors. About Andromeda Entertainment Limited Andromeda Entertainment Limited is a privately held company engaged in entertainment-related business operations. Andromeda Entertainment Limited sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-10063) on January 14, 2026. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Shad M. Robinson handles the case. The Debtor is represented by Michael V. Baumer, Esq. of the Law Office of Michael Baumer. APPLE TREE: Seeks to Retain Ordinary Course Professional -------------------------------------------------------- Apple Tree Life Sciences, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to retain non-bankruptcy professionals in the ordinary course of business. The Debtors need ordinary course professionals to perform services for matters unrelated to these Chapter 11 cases. The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The Debtors do not believe that any of the OCPs have an interest materially adverse to them, their estates, creditors, or other parties in interest in connection with the matter upon which they are to be engaged. The OCPs include: Covington & Burling LLP Legal Monthly Fee Cap: $75,000 DiFilippo Corporate Finance Group Financial Advisory Monthly Fee Cap: $75,000 Elsberg Baker & Maruri PLLC Legal Monthly Fee Cap: $75,000 Grant Thornton, LLP Financial Advisory Monthly Fee Cap: $75,000 Maples Group Legal Monthly Fee Cap: $75,000 Marcum LLP (CBIZ, Inc.) Financial Advisory Monthly Fee Cap: $75,000 Mishcon De Reya LLP (UK) Legal Monthly Fee Cap: $75,000 Petra Funds Group, LLC Financial Advisory Monthly Fee Cap: $75,000 Pluris Valuation Advisors, LLC Financial Advisory Monthly Fee Cap: $75,000 Proskauer Rose LLP Legal Monthly Fee Cap: $75,000 Stout Risius Ross, LLC Financial Advisory Monthly Fee Cap: $75,000 WilliamsMarston LLC Financial Advisory Monthly Fee Cap: $75,000 Wilson Sonsini Goodrich & Rosati, P.C. Legal Monthly Fee Cap: $75,000 About Apple Tree Life Sciences Apple Tree Life Sciences, Inc., legally known as Apple Tree Life Sciences, Inc., is a life sciences venture capital firm that forms and invests in healthcare and biotechnology companies from early-stage concepts through public market offerings. The firm provides flexible capital and works with venture partners and entrepreneurs-in-residence to develop research-driven enterprises in the therapeutics sector. Its activities span company creation at stages ranging from pre-intellectual-property ideas to asset spinouts. Apple Tree Life Sciences, Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12177) on December 9, 2025. In its petition, Apple Tree Life Sciences reports estimated liabilities between $1 billion and $10 billion estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the cases. The Debtors tapped Potter Anderson & Corroon LLP and Quinn Emanuel Urquhart & Sullivan, LLP as counsel; B. Riley as financial and restructuring advisor; and Walkers as Cayman law counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. AQUA RESOLUTION: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Aqua Resolution LLC Rainsoft of Chicago 2505 S Finley Rd Lombard, IL 60148-4867 Business Description: Aqua Resolution LLC, doing business as RainSoft of Chicago, provides water treatment and filtration systems and related services, operating as an independent RainSoft dealership in Lombard, Illinois, serving residential and commercial customers. Chapter 11 Petition Date: January 17, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-00804 Judge: Hon. Michael B Slade Debtor's Counsel: David P Leibowitz, Esq. LAW OFFICES OF DAVID P LEIBOWITZ, LLC 3352 N Sheffield Ave Chicago IL 60657-2213 Tel: (312) 662-5750 Email: dleibowitz@lakelaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Thomas J Norton as managing member. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BEWSAZQ/Aqua_Resolution_LLC__ilnbke-26-00804__0001.0.pdf?mcid=tGE4TAMA ARCHDIOCESE OF SAN FRANCISCO: Insurers File Abuse-Related Suits --------------------------------------------------------------- Olivia Alafriz of Bloomberg Law reports that insurance units of Travelers Cos. are suing the Roman Catholic Archdiocese of San Francisco over whether historic clergy sexual abuse claims are covered under decades-old policies. The insurers argue in a January 16, 2026 filing in the Northern District of California bankruptcy court that liability coverage dating back to the 1970s and 1980s does not apply to claims revived by California's Child Victims Act. The underlying lawsuits accuse the archdiocese of allowing, concealing, or failing to prevent sexual abuse by clergy members. About San Francisco Archdiocese The Roman Catholic Archbishop of San Francisco, Archdiocese of San Francisco, is a tax exempt religious organisation. The Archdiocese of San Francisco is a Latin Church ecclesiastical territory or diocese of the Catholic Church in the northern California region of the United States. The Archdiocese of San Francisco was erected on July 29, 1853, by Pope Pius IX and its cathedral is the Cathedral of Saint Mary of the Assumption. The Archdiocese sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-30564) on Aug. 21, 2023. In the petition filed by Fr. Patrick Summerhays as vicar general and moderator of the Curia, the Archdiocese reported $100 million to $500 million in assets and liabilities. The Hon. Dennis Montali oversees the case. The Debtor tapped Feldserstein Fitzgerald Willoughby as counsel. ARMAAN TRUCKING: Case Summary & Three Unsecured Creditors --------------------------------------------------------- Debtor: Armaan Trucking LLC 9905 Mi Tierra Dr. Fort Worth, TX 76179 Business Description: Armaan Trucking LLC provides freight transportation services, hauling general freight and temperature-controlled goods such as fresh produce and meat using dry van and refrigerated trailers. The Company is based in Fort Worth, Texas, and operates as an interstate motor carrier. Chapter 11 Petition Date: January 17, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-40229 Judge: Hon. Mark X Mullin Debtor's Counsel: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Tel: (972) 991-5591 Email: robert@demarcomitchell.com Total Assets: $1,047,336 Total Liabilities: $1,158,592 The petition was signed by Jaskiranjeet Kaur Gill as owner. 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/5U4L3JY/Armaan_Trucking_LLC__txnbke-26-40229__0001.0.pdf?mcid=tGE4TAMA ARROW LOGISTICS: Seeks Chapter 7 Bankruptcy in Georgia ------------------------------------------------------ On January 15, 2026, Arrow Logistics Group, LLC, filed for Chapter 7 protection in the Northern District of Georgia. According to court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Arrow Logistics Group, LLC Arrow Logistics Group, LLC is a logistics and transportation services company providing freight coordination and supply chain support solutions. Arrow Logistics Group, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-50650) on January 15, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities ranging from $100,001 to $1,000,000. Honorable Bankruptcy Judge Sage M. Sigler handles the case. ARTIFICIAL INTELLIGENCE: Tightens Cost Structure to Boost Cash Flow ------------------------------------------------------------------- Artificial Intelligence Technology Solutions, Inc. announced that it has implemented measurable and disciplined operating expense reductions year over year, reflecting a deliberate shift toward tighter execution, sharper focus, and improved operational control. These actions follow a comprehensive review of spending priorities and resource allocation and are intended to strengthen the Company's cost structure as it prepares to finish its fiscal year on February 28, 2026. Over the past nine months, AITX has taken intentional steps to streamline operations, refine its development priorities, and align spending more closely with near term execution goals. The Company evaluated legacy initiatives, internal workflows, and resource deployment, making targeted adjustments designed to reduce complexity while preserving momentum in core areas of focus. Management believes these disciplined actions reflect a more mature operating posture and reinforce a commitment to responsible financial management as the business continues to scale. As part of these actions, the Company reduced its payroll expense trajectory from its peak calendar year 2025 month of approximately $760,000 to an expected approximately $630,000 per month starting March 1, 2026. This was driven by workforce realignment allowed by the finishing of select development initiatives and the delay of investment in other initiatives. Additional monthly operating expense reductions of approximately $50,000 were achieved through improved purchasing practices, lower assembly costs, and tighter vendor management. Taken together, these measures should positively impact the Company's monthly cash flow gap while maintaining focus on core execution and revenue generating priorities. As part of this refinement, the Company paused further research and development investment in its HERO and RADDOG mobile robotic initiatives. In parallel, development work related to ROAMEO™ transitioned from research and development into active production and deployment, reflecting readiness for broader market execution. Management views these decisions as disciplined reallocations of capital intended to concentrate effort on initiatives positioned to drive near term impact and operational scale. "These changes reflect deliberate decisions we made to operate the Company with greater attention to reducing cash flow burn and aiding the drive to operational positive cash flow," said Steve Reinharz, CEO/CTO and founder of AITX. "By tightening our cost structure and reallocating resources, we are beginning to see the dividends of responsible financial management. All of this work is being done with a clear objective in mind, positioning the Company to achieve operational cash flow positive performance around the May 2026 timeframe while building a more controlled and scalable business." 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. ARTISTIC HOLIDAY: Gets Extension to Access Cash Collateral ---------------------------------------------------------- Artistic Holiday Designs, LLC and Holiday Creations Pro, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral. The court issued its seventh interim order authorizing the Debtors to use cash collateral to pay ordinary business expenses as set forth in their budget, subject to a 10% variance per line item. MEP Capital Holdings III, L.P. asserts interest in the cash collateral, which consists of cash and cash equivalents generated by the Debtors' operations or from the disposition of the lien claimant's pre-bankruptcy collateral. As protection, MEP and other lien claimants including B Squared, Inc., Melissa and Doug, LLC, and the U.S. Small Business Administration will be granted a replacement lien on the Debtors' post-petition assets, with the same validity and priority as their pre-bankruptcy liens. As additional protection, MEP will be granted a superpriority administrative expense claim in case of any diminution in the value of its collateral. The next hearing is set for March 11. MEP asserts approximately $5.686 million in debt under a senior secured loan agreement dated June 15, 2022, with claimed first-priority liens on substantially all assets of the Debtors. Other lien claimants include B Squared, Inc., Melissa and Doug, LLC, and the U.S. Small Business Administration, creating a complex multi-creditor secured debt structure typical of seasonal retail businesses requiring diverse financing sources. The seventh interim order is available at https://is.gd/yiZLzf from PacerMonitor.com. About Artistic Holiday Designs Artistic Holiday Designs, LLC filed Chapter 11 petition (Bankr. M.D. Fla. Case No. 25-00153) on January 29, 2025. listing up to $10 million in assets and up to $50 million in liabilities. Derek Norwood, managing member, signed the petition. Judge Caryl E. Delano oversees the case. Michael Dal Lago, Esq., at Dal Lago Law, represents the Debtor as legal counsel. MEP Capital Holdings III, L.P., as secured creditor, is represented by: Luis E. Rivera II, Esq. GrayRobinson, P.A. 1404 Dean Street, Suite 300 Fort Myers, Florida 33901 Phone: 239.254.8460 luis.rivera@gray-robinson.com AVALON GLOBOCARE: Nasdaq Confirms Full Compliance With Equity Rule ------------------------------------------------------------------ Avalon GloboCare Corp. announced that it received notice from The Nasdaq Stock Market LLC informing the Company that it has regained compliance with the Nasdaq Capital Market's minimum stockholders' equity requirement under Nasdaq Listing Rule 5550(b). Nasdaq further confirmed that the Company is now in compliance with all applicable continued listing standards. As a result, the previously scheduled hearing before the Nasdaq Hearings Panel has been cancelled, and the Company's common stock will continue to be listed and traded on the Nasdaq Capital Market. "We are pleased to have regained compliance with Nasdaq's minimum stockholders' equity requirement, reflecting the progress we have made in strengthening our financial position and our continued focus on long-term shareholder value," said Meng Li, Avalon's Interim Chief Executive Officer and Chief Operating Officer. "With full Nasdaq compliance restored, we believe we are well positioned to execute on our growth initiatives, including launching marketing for our generative AI video platform, as well as expansion across precision diagnostics and strategic assets." 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 $9.1 million in total assets, $13.6 million in total liabilities, and $4.5 million in total deficit. BET MIDRASH: Case Summary & Six Unsecured Creditors --------------------------------------------------- Debtor: Bet Midrash Ohr Hachayim Hakadosh, Inc. 1720 Harrison Street Unit 1A Hollywood FL 33020 Business Description: Bet Midrash Ohr Hachayim Hakadosh, Inc., based in Hollywood, Florida, is a Jewish religious organization and community center providing synagogue services, Torah study programs, and a mikveh. It offers adult learning through Kollel Boker, children's education programs, and maintains a schedule of Shabbat and holiday services. The nonprofit serves the local Jewish community by supporting religious, educational, and cultural activities in the region. Chapter 11 Petition Date: January 19, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-10599 Debtor's Counsel: Kris Aungst, Esq. PARAGON LAW, LLC 2665 S. Bayshore Drive Suite 220-10 Miami FL 33133 Tel: (305) 812-5443 Email: ka@paragonlaw.miami Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Rabbi Menachem Razla as Rabbi. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/X6HQKDI/Bet_Midrash_Ohr_Hachayim_Hakadosh__flsbke-26-10599__0001.0.pdf?mcid=tGE4TAMA BIOXCEL THERAPEUTICS: Welcomes Mark Pavao as Interim CCO -------------------------------------------------------- BioXcel Therapeutics, Inc. disclosed in a regulatory filing that Mark Pavao joined the Company as Interim Chief Commercial Officer to support the potential launch of IGALMI in the at-home setting. The Company plans to submit a supplemental New Drug Application (sNDA) this month seeking the FDA's approval of IGALMI for at-home use in the acute treatment of agitation associated with bipolar disorders or schizophrenia. About BioXcel Therapeutics Headquartered in New Haven, Conn., BioXcel Therapeutics, Inc., is a biopharmaceutical Company utilizing artificial intelligence to develop transformative medicines in neuroscience and, through the Company's wholly owned subsidiary, OnkosXcel Therapeutics LLC, immuno-oncology. The Company is focused on utilizing cutting-edge technology and innovative research to develop high-value therapeutics aimed at transforming patients' lives. The Company employs various AI platforms to reduce therapeutic development costs and potentially accelerate development timelines. Stamford, Conn.-based Ernst & Young LLP, the Company's auditor since 2021, 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 December 31, 2024, citing that the Company has suffered recurring losses from operations, has used significant cash in operations and has stated that substantial doubt exists about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $44.8 million in total assets, $133.7 million in total liabilities, and $88.9 million in total stockholders' deficit. BRADLEY MECHANICAL: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------------- Bradley Mechanical, Inc., commenced a voluntary Chapter 11 bankruptcy case on January 9, 2026, in the Central District of California. Court records indicate the company carries $1 million to $10 million in liabilities, with a creditor count estimated at 50–99. About Bradley Mechanical, Inc. Bradley Mechanical Inc. is a Fountain Valley, California–based mechanical contractor that provides commercial, industrial, and residential heating, ventilation, air conditioning, and refrigeration services. On January 9, 2026, Bradley Mechanical, Inc. filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10057). The filing lists estimated assets of $100,001 to $1 million, alongside estimated liabilities ranging from $1 million to $10 million. The case is assigned to Honorable Bankruptcy Judge Scott C. Clarkson. Legal representation is provided by Aaron E. De Leest, Esq., of Marshack Hays Wood LLP. BRANDSTORM INC: Seeks Chapter 7 Bankruptcy in California -------------------------------------------------------- On January 15, 2026, Brandstorm, Inc. voluntarily filed for Chapter 7 bankruptcy in the Central District of California. Court records indicate the company has debt of $1 million-$10 million owed to 50-99 creditors. About Brandstorm, Inc. Brandstorm, Inc. is a United States food company that develops and markets superfood brands such as Natierra and Himalania. Its products include freeze-dried fruits, salts, and snack items, with an emphasis on organic, non-GMO, and ethically sourced ingredients under Fair for Life standards. The company filed under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10074) on January 15, 2026. Its petition lists estimated assets of $1 million-$10 million and liabilities of $1 million-$10 million. The case is overseen by Honorable Bankruptcy Judge Victoria S. Kaufman. Brandstorm, Inc. is represented by James R. Felton, Esq. of G&B Law, LLP. BRIGHTLINE TRAIN FLORIDA: Draws on Reserve Account to Pay Muni Debt ------------------------------------------------------------------- Amanda Albright of Bloomberg News reports that struggling private rail operator Brightline Trains Florida LLC has used funds from its debt service reserve account to cover an interest payment related to its Florida rail system. According to report, the payment, which came due January 1, 2026 was made on the company's Series 2024 tax-exempt debt, according to a regulatory filing issued Wednesday, January 14, 2026. Brightline did not immediately respond to a request for comment. About Brightline Train Florida Brightline offers high-speed rail between Miami, Fort Lauderdale, and Orlando. BRIVIA GROUP: Specific Construction Projects Seek CCAA Protection ----------------------------------------------------------------- Brivia Group announced on Jan. 14, 2026, that construction projects Phillips Square Phases I, II, III, and Mansfield Condos, along with their developers (Respectively, 9399-6767 Quebec Inc., 1201-1215 Phillips Square Phase II Development GP Inc., 9368-9008 Quebec Inc. and 1228 Mansfield Development GP Inc.) have agreed to collaborate with the Lenders supporting these Projects, which have asked that the Projects and Developers be placed into court-supervised restructuring proceedings under the Companies' Creditors Arrangement Act. by an order sought before the Superior Court of Quebec, on application by the Bank of Montreal, acting as lender and agent for three syndicates of secured lenders who have provided financing for some of the Projects. The CCAA Proceedings seek to facilitate the completion and the orderly sale of the Projects. The application was granted by the Superior Court of Quebec. The CCAA Proceedings will allow the Court-appointed monitor, Raymond Chabot Inc., to implement a restructuring plan. Work on the Projects and unit sales will continue throughout this process, subject to access to interim financing during the CCAA Proceedings. The goal is to reshape Project operations, reduce debt, and for the Projects to emerge from this process in a stronger financial position. The CCAA proceedings do not apply to Brivia's other development or construction projects. "Brivia has proudly operated as a Quebec-based real-estate investment and development company for over 25 years. Like many others in our industry, we have faced significant economic challenges in recent years, including pandemic-related work stoppages, supply chain disruptions, and rising interest rates. A CCAA restructuring for these specific Projects is a significant change to our operations, but we have agreed to collaborate with our Lenders in their decision to proceed as such in order to navigate these headwinds, minimize the damages to the Projects and ensure the Projects' long-term success," states Kheng Ly, Founding President and Chief Executive Officer of Brivia. Decision-Making Process: Brivia after having extensively considered other alternatives and a number of factors, has agreed to collaborate with the Lenders pursuing a restructuring of the Projects under the CCAA, with the goal of safeguarding the long-term interests of the Projects, Brivia employees, customers (including condominium-unit purchasers), suppliers, creditors and other stakeholders. Interim Financing: In conjunction with the CCAA Proceedings, certain Lenders will extend interim financing (DIP financing) that shall provide the required liquidity to meet anticipated needs of the Projects throughout the CCAA Proceedings. Sale and Investment Solicitation Process (SISP): During the CCAA restructuring, the Monitor will initiate a Sale and Investment Solicitation Process (SISP). The SISP is designed to solicit interest in, and opportunities for, a sale of or investment in all or part of the Projects. This process aims to facilitate a restructuring plan that will enable the Projects to emerge from CCAA protection as a going concern, positioned for long-term success. About Brivia Brivia -- www.briviagroup.ca. -- is a real-estate investment and development company with one of the largest group of companies in the residential-construction industry in the province of Quebec, with activities across Canada. Brivia currently employs approximately 30 employees and operates or has investments in approximately 10 projects in Quebec and 13 projects across Canada. Its head office is situated in Montreal, in the province of Quebec. BROADWAY REALTY: Court Confirms Joint Chapter 11 Plan, Okays Sale ----------------------------------------------------------------- Judge David S. Jones of the United States Bankruptcy Court for the Southern District of New York confirmed the Second Amended Joint Chapter 11 Liquidation Plan of Broadway Realty I Co., LLC and its debtor affiliates. The proposed property sale to Summit is approved. Following an extensive Court-approved marketing and sale process and auction, the case is now before the Court on Debtors' request for confirmation of their proposed Plan of liquidation, an integral part of which is the proposed sale of all their properties to an entity that this decision refers to as Summit or the Purchaser. Specifically, Debtors seek approval of a comprehensive sale of all of their real estate properties to Summit. Clarifying testimony during the Hearing explained that Summit plans to assign title to each property to a separately incorporated LLC entity, all under common Summit ownership. Relatedly, Debtors seek confirmation of their Chapter 11 Plan, which in this case is a plan of liquidation. What that means is that Debtors are using bankruptcy processes to sell their properties and then, in an orderly manner, to wind down their affairs, while paying creditors to the greatest extent possible consistent with the priority and other requirements that the Bankruptcy Code establishes. Because the Plan calls for liquidating the Debtors, no discharge of the debtors will result; that is available in corporate Chapter 11 cases only when the debtor successfully confirms a plan of reorganization, as distinct from liquidation. At the same time, Debtors are seeking confirmation of their plan in conjunction with the sale approval. During the Court-approved sale process, one other potentially actionable bid was received, but Debtors selected the stalking horse bidder's offer as the best and highest offer. The Court finds that Debtors' selection of the highest and best bid was in the sound and reasoned exercise of Debtors' business judgment. No one has raised any concerns about the proposed transaction. The Court finds Debtors have established that the transaction is proposed in good faith and is in the best interest of creditors and other parties in interest. Plan Confirmation The Plan contemplates a Sale Transaction, proceeds from which will be used to fund the distributions outlined in the Plan. The evidence supports the viability of the proposed transaction, including that 10% of the Purchase Price has been deposited in an escrow account and that Summit has secured financing of $338.5 million from Flagstar Bank, with Summit adding $113 million of its own funds as an equity investment. Thus, the Court concludes the Debtors have met their burden of showing good reason to anticipate that their contemplated transactions will close and will permit them to carry out the contemplated wind-down of the estates. No more is required by section 1129(a)(11). Many objectors raised concerns about the identity of the Purchaser, arguing that Summit is an insider and, thus, does not qualify as a good-faith purchaser within the meaning of section 363(m) of the Bankruptcy Code. Evidence adduced by Debtors and Summit cause the Court to find that Summit does not fall under any of the enumerated definitions of an "insider" pursuant to section 101(31), nor under any other standard that could affect the applicability of section 363(m). The UST filed an objection to confirmation, in large part contending that the Plan included an overbroad "exculpation" provision. The Court agrees to the very limited extent that pre-petition conduct cannot properly be exculpated in the circumstances of this case, because no meaningful work relating to the development of a plan occurred before the bankruptcy case was filed. The Court otherwise overrules the UST's objection. Some objectors expressed concern that the Plan's and the Purchase Agreement's contemplation of a sale "free and clear" of liens and similar burdens on title could be understood to attempt to evade "certain governmental interests, including violations," that cannot be stripped and that remain within New York City's authority. Debtors repeatedly disavowed any such effect, both in their papers and at the Confirmation Hearing. To the extent that is not so, any such objection is overruled. The transaction explicitly is subject to all existing leasehold interests and does not excuse Summit from meeting applicable City or other regulatory requirements. All objections are overruled. As reported by the Troubled Company Reporter on Nov. 5, 2025, Broadway Realty I Co., LLC and its debtor affiliates filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Joint Chapter Plan dated October 27, 2025. The 82 Debtors collectively own approximately 5,200 residential units, have approximately 130 employees, and entered the Chapter 11 Cases with approximately 155 unique creditors (excluding tenants). The Debtors' residential units are located across four of New York City's boroughs: Manhattan, Brooklyn, the Bronx, and Queens. Substantially all of the Debtors' tenants are entitled to statutory rent protection. As of the Petition Date, the Debtors' 93 properties are encumbered by approximately $564 million of aggregate mortgage debt, all with Flagstar Bank N.A. as mortgage lender. Following the filing of the Chapter 11 Cases, the Debtors commenced a process to market to sell or refinance all or substantially all of the Debtors' portfolio of residential real estate properties. It is anticipated that a transaction for each of the Debtors will take the form of either: (a) a refinancing, in whole or in part, of the Mortgage Obligations with respect to one or more Debtor Properties pursuant to a Successful Bid; or (b) a sale of one or more Debtor Properties and any related Assets pursuant to the applicable Asset Purchase Agreement, including without limitation, any sale to the Mortgage Lender following an exercise of its credit bid rights pursuant to section 363(k) of the Bankruptcy Code, and any sale pursuant to section 363 of the Bankruptcy Code implemented pursuant to the Plan. Class 4 consists of General Unsecured Claims, including any Mortgage Deficiency Claims and Rejection Damages Claims. Except to the extent that a holder of an Allowed General Unsecured Claim against a Debtor agrees to less favorable treatment with the Debtors or the Post-Emergence Entities, as applicable, in full and final satisfaction, settlement, release, and discharge of an Allowed General Unsecured Claim, each such holder thereof shall receive its pro rata share of Available Cash up to the Allowed amount of such General Unsecured Claim. Holders of other general unsecured claims in Class 4 are impaired and their projected recovery is still "to be determined", according to the Disclosure Statement. Class 5 consists of Existing Equity Interests. On the Effective Date, each holder of Existing Equity Interests shall receive the following treatment in full and final satisfaction, settlement, release and discharge of such Existing Equity Interest: * In the event of a Refinancing Transaction: The Existing Equity Interests of the Debtor(s) party to the Refinancing Transaction(s) shall, subject to the waterfall and priorities set forth in section 1129(b)(2) of the Bankruptcy Code, be Reinstated for the benefit of the holders of such former Existing Equity Interests consistent with their former economic entitlements. * In the event of a Sale Transaction: The holders of Existing Equity Interests of the Debtor(s) party to the Sale Transaction(s) shall receive any remaining Available Cash after payment in full of General Unsecured Claims in accordance with Section 4.4 hereof, and, following the final distribution of all such Available Cash, such Existing Equity Interests shall be cancelled for no further consideration. Each Debtor shall consummate the Refinancing Transaction contemplated by such Successful Bid(s), and upon making the Plan distributions in accordance with Article IV hereof, subject to Section 5.8(b) of the Plan, the existing Mortgage Loan(s) subject to such Refinancing Transaction shall be deemed fully released, cancelled, discharged and of no force or effect, and the related Mortgage Claims shall be deemed fully satisfied. Any post-Effective Date distributions shall be made by the Reorganized Debtors in an expeditious, timely, and orderly manner pursuant to the Plan and the Confirmation Order. Upon the Effective Date: (i) the authority, power and incumbency of the persons then acting as directors and officers of the Liquidating Debtors shall be terminated and such directors and officers shall be deemed to have resigned, (ii) the Plan Administrator shall have the powers of an officer of such Liquidating Debtors, (iii) the Plan Administrator shall be deemed to hold 100% of the Equity Interests in the Liquidating Debtors until the dissolution of such Liquidating Debtors pursuant this Section 5.6 of the Plan, (iv) the Liquidating Debtors shall assign and transfer absolutely and unconditionally to the Plan Administrator all of their remaining Assets after accounting for all distributions made in accordance with Article IV hereof. A full-text copy of the Disclosure Statement dated October 27, 2025 is available at https://urlcurt.com/u?l=AjQDSq from PacerMonitor.com at no charge. A copy of the Court's Bench Decision and Order dated January 19, 2026, is available at https://urlcurt.com/u?l=iQ8PNL from PacerMonitor.com. About Broadway Realty I Co. Broadway Realty I Co., LLC is a real estate investment business and management company headquartered in New York City. The company operates from its principal location at 2 Grand Central Tower in Manhattan, with its main asset property at 4530 Broadway in New York. It specializes in real estate investment and property management activities across the New York metropolitan area. Broadway Realty I Co. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11050) on May 21,2025. In its petition, Broadway Realty I Co. reported between $500 million and $1 billion in both assets and liabilities. Judge David S. Jones, Esq. handles the cases. The Debtors are represented by Gary Holtzer, Esq., at Weil Gotshal & Manges, LLP. FTI Consulting, Inc. serves as its financial advisor. Stretto, Inc. serves as claims and noticing agent, and administrative advisor. Eastdil Secured L.L.C. serves as the Debtors' exclusive real estate advisor. As of the petition date, the Debtors owed Flagstar Bank, N.A., approximately $564 million, excluding accrued interest, which is secured by the properties and rents from those properties. Flagstar is represented in the case by lawyers at Paul Hastings LLP. BROOKLYN KEBAB: Plan Exclusivity Period Extended to April 20 ------------------------------------------------------------ Judge Nancy Hershey Lord of the U.S. Bankruptcy Court for the Eastern District of New York extended Brooklyn Kebab House Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to April 20 and June 22, 2026, respectively. In a court filing, the Debtor submits that sufficient "cause" exists pursuant to section 1121(d) of the Bankruptcy Code to extend the Exclusivity Periods as provided herein. Each of the relevant factors weighs in favor of an extension of the Exclusivity Periods, as follows: * The Debtor Has Made Good Faith Progress Towards Reorganization. The Debtor has already satisfied several key milestones in this Chapter 11 case, which include, among other things, retaining bankruptcy counsel, moving for a bar date, obtaining Interim and Final Orders regarding cash collateral, wages and its utilities, and making adequate protection payments to certain notes; * The Size and Complexity of the Case. The Debtor operates a restaurant, employs several individuals and, as of the Petition Date, had approximately twenty creditors and liabilities in excess of $1,000,000.00; * The Debtor is Paying its Debts as They Come Due. Since the Petition Date, the Debtor has paid its debts in the ordinary course of business or as otherwise provided by order of the Court. In fact, the Debtor has made all adequate protection payment pursuant to the Interim Orders regarding the Debtor's use of cash collateral. * This Case is Approximately Three Months Old. The Debtor's request for an extension of the Exclusivity Periods is the Debtor's first such request and comes approximately three months after the Petition Date. During this short time in Chapter 11, the Debtor has accomplished a great deal while it continues to work diligently toward a resolution of this Chapter 11 case. * An Extension Will Not Pressure Creditors. The Debtor's request for an extension of the Exclusivity Periods herein is not a negotiating tactic but instead a reflection of the fact that this Chapter 11 case is not ripe for the formulation and confirmation of a viable Chapter 11 plan. Brooklyn Kebab House, Inc. is represented by: Rosen, Tsionis & Pizzo, PLLC Nico G. Pizzo, Esq. Alex E. Tsionis, Esq. 38 New Street Huntington, NY 11743 (631) 423-8527 Email: npizzo@ajrlawny.com About Brooklyn Kebab House Inc. Brooklyn Kebab House, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-44535) on September 22, 2025, listing up to $1 million in both assets and liabilities. Adel Kassim, president of Brooklyn Kebab House, signed the petition. Judge Nancy Hershey Lord oversees the case. Alex E. Tsionis, Esq. and Nico G. Pizzo, Esq., at Rosen, Tsionis & Pizzo, PLLC represent the Debtor as legal counsel. BROWARD COUNTY, FL: Gov. Wants School District in Receivership -------------------------------------------------------------- Mike Kennedy of American School & University reports that Governor Ron DeSantis on Tuesday, January 13, 2026, rebuked the Gov. Ron DeSantis on Tuesday rebuked the Broward County School District, saying its persistent problems could warrant state receivership. The South Florida Sun-Sentinel reported that DeSantis described the district as largely unreceptive to reform and raised the prospect of direct state control as a possible solution. The governor said Education Commissioner Anastasios "Stasi" Kamoutsas would need to determine what powers existing law provides to pursue such a step. DeSantis said receivership may be necessary if other corrective measures fail to produce meaningful change. Broward's challenges include declining enrollment, budget shortfalls and management errors. Enrollment fell by 11,000 students in the past year, leaving tens of thousands of excess seats. The district is considering more than $100 million in cuts, including school closures and staff reductions, and has drawn scrutiny for entering — and later canceling — a costly facilities lease and mishandling a procurement process for a construction management firm., saying its persistent problems could warrant state receivership. The South Florida Sun-Sentinel reported that DeSantis described the district as largely unreceptive to reform and raised the prospect of direct state control as a possible solution, the report states. The governor said Education Commissioner Anastasios "“Stasi” Kamoutsas would need to determine what powers existing law provides to pursue such a step. DeSantis said receivership may be necessary if other corrective measures fail to produce meaningful change. Broward's challenges include declining enrollment, budget shortfalls and management errors. Enrollment fell by 11,000 students in the past year, leaving tens of thousands of excess seats. The district is considering more than $100 million in cuts, including school closures and staff reductions, and has drawn scrutiny for entering — and later canceling — a costly facilities lease and mishandling a procurement process for a construction management firm, according to report. About Broward County School District Broward County School District is one of the largest public school systems in the United States, serving students across Broward County, Florida. The district operates hundreds of schools and educational centers and provides instruction from prekindergarten through grade 12. It is governed by an elected school board and led by a superintendent appointed by the board. BUILT LLC: Seeks to Hire Anderson Business Services as Accountant ----------------------------------------------------------------- Built LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Anderson Business Services, Inc., as accountant. The accountant will assist the Debtor in the preparation of court-ordered reports, including Monthly Operating Reports, and will also assist the Debtor with other ordinary accounting services such as payroll, sales tax, bookkeeping, and preparation of year-end tax returns. The accountant has agreed to be compensated at these fees: a. A $500 initial retainer to be billed against at: i. an hourly rate of $150 for services rendered by the accountant; ii. a range of $100 - $50 per hour for services rendered by accounting staff; and iii. reimbursement of out of pocket costs such as computer charges, copies and postage for the accounting services; b. The accountant will file interim applications for approval of compensation with the Court; and c. No fees will be paid until applied for and an order entered authorizing the payments by this Court. Stephanie Ball, senior firm manager of Anderson Business Solutions, Inc., assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Stephanie Ball Anderson Business Solutions, Inc. 332 W. Bearss Ave. Tampa, FL 33613 Tel: (813) 910-0100 Email: stephanie@absaccounting.com About Built, LLC Built, LLC, founded in 2013 and based in Tampa, Florida, provides custom cabinetry, furniture, and architectural millwork for residential and commercial clients. The Company collaborates with interior designers, builders, and homeowners to provide design and fabrication services, with a focus on craftsmanship and attention to detail. Built operates as a small team delivering tailored design and construction solutions across the Tampa region. Built, LLC in Tampa, FL, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case No. 25-08415) on Nov. 10, 2025, listing $348,465 in assets and $1,785,505 in liabilities. Andrew Watson as manager, signed the petition. Judge Catherine Peek McEwen oversees the case. FORD & SEMACH, P.A. serve as the Debtor's legal counsel. BURTON TRANSPORT: Seeks to Hire Evans & Mullinix P.A. as Attorney ----------------------------------------------------------------- Burton Transport, Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Western District of Missouri to hire Evans & Mullinix, P.A. as attorneys. The firm will provide these services: (a) represent the Debtor and Debtor-in-Possession during these proceedings; (b) provide legal advice with respect to the Debtor's powers and duties in the continued operation of its business and management of its property; (c) prepare applications, motions, answers, orders, reports, and other necessary legal documents; and (d) perform all other legal services that may be required in connection with the Chapter 11 case. The firm will be paid at these rates: Colin N. Gotham $350 per hour Paralegals $125 per hour The firm received from the Debtor a retainer of $14,992.00 plus the filing fee of $1,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Evans & Mullinix, P.A. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Colin N. Gotham, Esq. Evans & Mullinix, P.A. 7225 Renner Road, Suite 200 Shawnee, KS 66217 Telephone: (913) 962-8700 Facsimile: (913) 962-8701 E-mail: cgotham@emlawkc.com About Burton Transport Inc. Burton Transport, Inc. provides freight transportation services across the United States, hauling a range of cargo including general freight, building materials, metal products, beverages, chemicals, paper goods, and agricultural supplies. The company operates from Mountain View, Missouri, with a fleet of tractors and trailers serving interstate shipping routes. It is registered as an authorized for-hire property carrier under the U.S. Department of Transportation. Burton Transport filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-60719) on October 27, 2025, with $1,603,470 in assets and $1,801,184 in liabilities. Lucinda Burton, president of Burton Transport, signed the petition. Judge Brian T. Fenimore presides over the case. Colin N. Gotham, Esq., at Evans & Mullinix, P.A. represents the Debtor as legal counsel. CHC901 LLC: Michael Coury Named Subchapter V Trustee ---------------------------------------------------- The Acting U.S. Trustee for Region 8 appointed Michael Coury of Glankler Brown, PLLC as Subchapter V trustee for CHC901, LLC. Mr. Coury will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Coury declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Michael P. Coury Glankler Brown, PLLC 6000 Poplar Ave., Suite 499 Memphis, TN 38119 Phone: (901) 525-1322 Fax: (901) 525-2386 Email; mcoury@glankler.com About CHC901 LLC CHC901, LLC, a company in Memphis, Tenn., operates an ambulance, wheelchair, and nonmedical transportation business. CHC901 filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-20114) on January 7, 2026. In the petition signed by Justin G. James, chief executive officer, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Denise E. Barnett oversees the case. C. Jerome Teel Jr., Esq., at Teel & Gay, PLC, represents the Debtor as legal counsel. CHERRY HILL: Trustee Taps LaMonica Herbst & Maniscalco as Counsel ----------------------------------------------------------------- Salvatore LaMonica, Esq., Chapter 11 trustee of Cherry Hill Portfolio LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire LaMonica Herbst & Maniscalco, LLP as his counsel. The firm's services include: a. advising the Trustee on an exit strategy for this case including, but not limited to, the sale of the Properties; b. preparing, as may be necessary, a Chapter 11 plan and related documents; c. advising and assisting the Trustee with an investigation into the Debtor's financial affairs; d. advising and assisting the Trustee in the pursuit and recovery of any avoidable transfers of the Debtor's assets under, inter alia, sections 544, 546, 547, 548, 549 and 550 of the Bankruptcy Code and New York State Debtor Creditor law; e. preparing, filing and prosecuting motions objecting to claims, as directed by the Trustee, that may be necessary to complete the administration of the Debtor's estate; and f. advising the Trustee and performing legal services, including preparing and filing motions and applications as directed by the Trustee in connection with his statutory duties. The firm's hourly rates are: Partners $725 Associates $475 Para-professionals $225 As disclosed in the court filings, LaMonica Herbst & Maniscalco, LLP is "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Holly R. Holecek, Esq. LaMONICA HERBST & MANISCALCO, LLP 3305 Jerusalem Avenue, Suite 201 Wantagh, NY 11793 Telephone: (516) 826-6500 About Cherry Hill Portfolio LLC Cherry Hill Portfolio LLC is a real estate company operating in New York and New Jersey. Cherry Hill Portfolio LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43199) on July 2, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtors are represented by Eric H. Horn, Esq. at A.Y. Strauss. CHESAPEAKE ENERGY: EJS Sues Walker, Kirkland Over Judge Romance --------------------------------------------------------------- James Nani of Bloomberg Law reports that a former bondholder of Chesapeake Energy Corp. has filed suit accusing a retired bankruptcy judge and a former Jackson Walker LLP partner of hiding a romantic relationship that allegedly undermined the integrity of Houston bankruptcy proceedings. The complaint, filed Thursday, January 15, 2026, by EJS Investment Holdings LLC in the Southern District of Texas, claims former Chief Bankruptcy Judge David R. Jones, attorney Elizabeth Freeman, Jackson Walker, and Kirkland & Ellis exploited the undisclosed relationship to influence major corporate bankruptcy cases, benefit institutional creditors, and secure lucrative legal fees, the report states. About Chesapeake Energy Corp. Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NASDAQ: CHK) operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. Chesapeake Energy and its affiliates sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-33233) on June 28, 2020, after reaching terms of a Chapter 11 plan of reorganization to eliminate approximately $7 billion of debt. The Debtors tapped Kirkland & Ellis LLP as legal counsel, Jackson Walker LLP as co-counsel and conflicts counsel, Alvarez & Marsal as restructuring advisor, Rothschild & Co and Intrepid Financial Partners as financial advisors, and Reevemark as communications advisor. Epiq Global served as the claims agent, maintaining the page http://www.chk.com/restructuring-information Wachtell, Lipton, Rosen & Katz served as legal counsel to Chesapeake Energy's Board of Directors. MUFG Union Bank, N.A., the DIP facility agent and exit facilities agent, has tapped Sidley Austin LLP as legal counsel, RPA Advisors LLC as financial advisor, and Houlihan Lokey Capital Inc. as investment banker. Davis Polk & Wardell LLP and Vinson & Elkins L.L.P. served as legal counsel to an ad hoc group of first lien last out term loan lenders while Perella Weinberg Partners and Tudor, Pickering, Holt & Co. served as the group's investment bankers. Franklin Advisers, Inc., tapped Akin Gump Strauss Hauer & Feld LLP as legal counsel, FTI Consulting, Inc. as financial advisor, and Moelis & Company LLC as investment banker. On July 9, 2020, the Office of the U.S. Trustee appointed a committee to represent unsecured creditors in Debtors' Chapter 11 cases. The unsecured creditors' committee tapped Brown Rudnick, LLP and Norton Rose Fulbright US, LLP as its legal counsel, and AlixPartners, LLP as its financial advisor. On July 24, 2020, the bankruptcy watchdog appointed a committee of royalty owners. The royalty owners' committee is represented by Forshey & Prostok, LLP. On February 9, 2021, Chesapeake successfully concluded its restructuring process and emerged from Chapter 11, satisfying all conditions precedent under its Plan of Reorganization. COLUMBUS MCKINNON: Fitch Assigns First Time 'B+' IDR ---------------------------------------------------- Fitch Ratings has assigned a first-time 'B+' Long-Term Issuer Default Rating (IDR) to Columbus McKinnon Corporation (CMCO). Fitch also assigned 'BB-' ratings with a Recovery Rating of 'RR3' to the proposed first lien credit facility and term loan. The Rating Outlook is Stable. The rating reflects CMCO's strong market position in intelligent motion and lifting solutions, supported by well-known brands, reliable, high-quality product portfolio, and use in mission-critical applications where safety and reliability are essential. CMCO's acquisition of Kito Crosby enhances its scale, geographic reach, and product breadth, increasing exposure to higher-margin, replacement- and consumable-driven demand with more recurring characteristics. Fitch forecasts annual FCF, including preferred dividends paid-in-kind (PIK), of $150 million-$200 million for fiscal years 2027-2028. Projected EBITDA leverage improves to 5x and interest coverage to 3x by fiscal 2028. Funds from Operations (FFO) interest coverage, including preferred dividends paid in cash, should be above 2x in fiscal 2029. Key Rating Drivers Forecasted 5.0x Leverage; 3.0x Coverage: Fitch expects pro forma EBITDA leverage to rise to around 6x following the Kito Crosby acquisition, then decline to 5x by fiscal 2028, as debt is repaid, cost synergies realized, and earnings grow. Fitch views integration risk as manageable and cost synergies as achievable given complementary product lines and management's track record. Management targets net leverage of about 2x within four years, supported by disciplined capital allocation, a pause on M&A, and directing excess cash to voluntary debt reduction. Fitch projects meaningful deleveraging capacity, with CFO-capex/debt in the high single digits. Fitch believes the preferred equity enhances near-term financial flexibility by allowing issuer-controlled PIK dividends to expedite gross debt reduction and realize margin and FCF growth. The credit implications of this flexibility depend on execution in the first few years to enhance cash flows, accommodate continued gross debt reduction, fund cash-paid preferred dividends, and ultimately preferred equity conversion. Fitch will monitor FFO interest coverage, on a preferred dividend cash-pay basis, to measure post-acquisition progress and assess longer-term credit risk. Acquisition Enhances Business, Cash Flow Profiles: The Kito Crosby acquisition bolsters CMCO's business profile by increasing scale, geographic reach and end-market diversification, creating a leading global lifting platform with a broader, more integrated product portfolio and a much larger installed base. The combined offering positions CMCO as a more comprehensive, "one-stop shop" for lifting and motion solutions, improving customer experience through greater product availability, simplified sourcing and technical consistency in safety-critical applications. The mix also increases exposure to replacement-driven and consumables demand, reducing earnings cyclicality. The acquisition immediately enhances CMCO's margin profile through mix shift, as Kito Crosby operates at materially higher EBITDA margins (about 25%) than CMCO's legacy business (around 15%), yielding a pro forma margin near 20% at close. This improvement is structural, underpinned by Kito Crosby's premium applications and greater proportion of high-margin revenue. Over time, complementary products and operating model alignment should support further margin gains through cost synergies of over $50 million and mix optimization, though benefits remain contingent on effective integration and execution. Strong Position in Fragmented Market: CMCO has established a strong market position in a highly fragmented lifting and motion-control market through its portfolio of well-known brands, consistent product quality, and a broad distribution network that supports reliable product availability. Its large installed base, application-level engineering expertise, and technical support reinforce customer loyalty and recurring demand, particularly in mission-critical industrial applications where the cost of failure is high. These advantages support customer preference despite distributor-led sales and moderate switching costs. Cyclical Business Profile: CMCO's revenue reflects a mix of project-driven and short-cycle demand. Project sales face industrial capex cycles, particularly in manufacturing, infrastructure, energy and warehouse automation, which create revenue volatility during downturns. This cyclicality is partly offset by short-cycle replacement demand from a large installed base, supported by safety, reliability and certification requirements in high cost-of-failure applications. With the Kito Crosby acquisition, the share of replacement-driven and consumables sales rises from less than 10% for standalone CMCO to about 35% for the pro forma combined company, reducing earnings cyclicality. FCF Supports Deleveraging, Financial Flexibility: Fitch expects CMCO to generate $150 million-$200 million of annual FCF, supported by mix-driven margin expansion, realization of over $50 million in cost synergies, and limited capex needs given its largely modular, configured-to-order manufacturing model with minimal tooling requirements. Cash generation supports deleveraging capacity and financial flexibility. Pro forma liquidity of approximately $600 million, including cash and revolver availability, provides ample cushion to support integration. Industry Tailwinds Supporting Growth: CMCO benefits from secular trends sustaining demand across its portfolio. Labor shortages accelerate automation and upgrades, while infrastructure spending and facility modernization boost material-handling needs. Nearshoring to improve supply-chain resilience expands North American capacity, increasing demand for lifting, motion control, and precision conveyance. Heightened safety and sustainability standards favor certified, high reliability products in vital applications. Collectively, these trends support Fitch's expectation that CMCO will achieve low single-digit organic growth over the forecast horizon. Treatment of Preferred Shares: Under Fitch's "Corporate Hybrids Treatment and Notching Criteria," 50% equity credit has been assigned to CMCO's $800 million preferred equity investment held by third-party investor CD&R. The instrument is deeply subordinated and permits issuer-controlled dividend deferral without holder acceleration, supporting equity-like characteristics. These features are partially offset by cumulative dividends that accrete to the principal balance and provisions allowing for potential cash settlement with majority holder consent, which constrain full equity treatment. Peer Analysis Fitch compares CMCO against diversified manufacturing peers Matthews International Corporation (BB-/ Stable) and Cleanova Holdco 3 Limited (B/ Stable). Relative to Matthews, CMCO's portfolio is more industrial-weighted, while Matthews benefits from its Memorialization segment, which provides steadier, less cycle-sensitive demand and a partial countercyclical buffer, supporting revenue visibility through downturns. Pro forma for the transaction, CMCO will be roughly twice Matthews' size; however, CMCO's projected EBITDA leverage of around 5.0x is higher than Matthews' approximately 3.5x, reflecting differing capital structures. Compared with Cleanova, both companies operate in mission-critical applications with sticky, recurring demand. CMCO's intelligent motion and lifting solutions benefit from safety/regulatory replacement cycles and a large installed base that drives recurring parts and service, while Cleanova's filtration products serve critical process environments with routine consumable replacement and maintenance. Financial profiles are broadly comparable on margins, leverage and coverage, but CMCO's greater scale and higher absolute free cash flow provide superior deleveraging capacity over the forecast horizon. Fitch's Key Rating-Case Assumptions -- CMCO and Kito Krosby grow organically at low single digits annually over the forecast horizon; -- EBITDA margin rises to roughly 21% by fiscal 2027 and to about 24% over the forecast period; -- Capital intensity remains stable at ~2.5% of revenue; -- No M&A assumed; Approximately $160 million of net divestiture proceeds applied to debt reduction around late fiscal 2026/early fiscal 2027; -- Preferred dividends are PIK in fiscal years 2027-2028 per management guidance; cash-pay preferred dividends resume in fiscal 2029; -- $30 million of synergy and integration costs per year through fiscal 2029; -- Common dividends of around $10 million annually over the forecast horizon; -- SOFR is assumed at 4.0% annually over the forecast horizon. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): -- The business and financial profile factors are assessed (in the format of the 'assessment', followed by relative importance) as follows: Management ('bb+', low), Sector Characteristics ('bb+', low), Market and Competitive Positioning ('bb', moderate), Diversification and Asset Quality ('bb+', moderate), Company Operational Characteristics ('bb', moderate), Profitability ('a+', low), Financial Structure ('b+', high), and Financial Flexibility ('b+', high). -- The quantitative financial subfactors are assessed based on custom financial period parameters of 35% weight for the forecast year 2027, 35% for the forecast year 2028 and 30% weight for the forecast year 2029. -- The Governance assessment of 'Good' results in no adjustment. -- The Operating Environment assessment of 'aa-' results in no adjustment. -- The SCP is 'b+'. Recovery Analysis The recovery analysis assumes that CMCO would be reorganized as a going-concern in bankruptcy rather than liquidated. A 10% administrative claim is assumed in the recovery analysis. GC EBITDA estimate reflects Fitch's view of a sustainable, post-reorganization EBITDA level upon which Fitch bases the enterprise valuation. The $360 million GC EBITDA reflects a hypothetical bankruptcy scenario in which CMCO experiences prolonged end-market demand weakness and operational disruption, including potential loss of certain key customers, particularly in more project-driven applications, as well as persistent integration issues related to the Kito Crosby acquisition. These factors result in margin pressure from under-absorption and pricing competition. An enterprise valuation multiple of 5.5x EBITDA is applied to the GC EBITDA to calculate a post-reorganization enterprise value. The selected multiple reflects CMCO's established market position in lifting and motion-control products, strong brand portfolio, and mission-critical nature of a portion of its offerings. These strengths are balanced against the cyclical exposure of its end markets, the fragmented and competitive industry landscape, moderate switching costs, and execution risk related to integrating Kito Crosby. It also considers historical acquisition multiples and comparable valuations among peers in the Diversified Manufacturing industry. The recovery analysis assumes the A/R securitization facility has the highest priority in the distribution of value. Fitch also assumes the credit facility is fully drawn. The first lien secured revolving credit facility and term loan are pari passu and receive equal priority in the distribution of value in the recovery waterfall. The recovery rating analysis results in a 'BB-'/'RR3' recovery for the secured debt. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade: -- Execution challenges related to Kito Crosby integration that lead to a material reduction of or delays in realizing expected synergies, FCF, and gross debt repayment. -- Deviation from stated capital allocation and financial policy, resulting in EBITDA leverage sustained above 5.0x; -- EBITDA interest coverage sustained below 2.5x; -- FFO interest coverage, on a cash basis, sustained below 1.5x including preferred dividends; -- Weakened financial flexibility, including CFO-Capex/Debt consistently below 5.0%, revolver availability below 75%, or prolonged reliance on PIK dividends on the preferred equity. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade: -- Successful integration of Kito Crosby, including realization of synergies and margin expansion towards mid-20%; -- Demonstrated commitment to gross debt reduction below $2 billion resulting in EBITDA leverage sustained below 4.0x; -- FFO interest coverage, on a cash basis, sustained above 2.5x including preferred dividends; -- Adherence to a disciplined capital allocation policy that enhances through-the-cycle financial flexibility, including CFO-Capex/Debt sustained above 7.5% and cash payment of preferred dividends. Liquidity and Debt Structure As of Sept. 30, 2025, CMCO had about $222 million of available liquidity, comprised of $28 million in cash and cash equivalents, $159 million of availability on its $175 million revolving credit facility (net of about $16 million in letters of credit), and $36 million available under its $60 million AR securitization facility. The pro forma capital structure will consist of an upsized $500 million five-year revolving credit facility, a seven-year Term Loan B with an initial commitment amount of $1,325 million before being slightly paid down by divestiture proceeds, five- and seven-year senior secured notes totaling $1,225 million, and its existing $60 million AR securitization facility maturing in August 2028. Issuer Profile CMCO, headquartered in Charlotte, North Carolina, is a leading global designer, manufacturer, and marketer of intelligent motion solutions for material handling. The company focuses on industrial and commercial applications that require safe, reliable, and ergonomic movement, lifting, positioning, and securing of materials. COMPANION CARE: Updates Unsecured Claims Pay Details ---------------------------------------------------- Companion Care Partners, LLC submitted a Fourth Amended Plan of Reorganization dated January 13, 2026. The Debtor has approximately $1,163,111.61 in total debts. Of that amount, $549,242.63 is an EIDL loan from the Small Business Administration secured by the Debtor's vehicles and/or future receivables. Of the total owed, $71,402.91 is secured. The Debtor is current on all pre-petition wages owed to its employees. The Debtor has approximately $1,086,241.65 in general unsecured debt. Class 2 consists of General Unsecured Claims. Class 2 Creditors are impaired. * PENNSYLVANIA DEPARTMENT OF HUMAN SERVICES. The Debtor will pay $150,000 in 60 months. Creditors will be paid according to their share of the total debt. * American Express National Bank. The Debtor will pay $150,000 in 60 months. Creditors will be paid according to their share of the total debt. * Capital One, N.A. The Debtor will pay $150,000 in 60 months. Creditors will be paid according to their share of the total debt. * Verizon. The Debtor will pay $150,000 in 60 months. Creditors will be paid according to their share of the total debt. * Change Healthcare Operations, LLC. The Debtor will pay $150,000 in 60 months. Creditors will be paid according to their share of the total debt. * Headway Capital, LLC. The Debtor will pay $150,000.00 in 60 months. Creditors will be paid according to their share of the total debt. Class 3 consists of Equity Interest of James Grant. James Grant expects to retain his interest in the reorganized Debtor. The Debtor intends to assume its lease with Julia Duval for the leased office space at 11880 Bustleton Avenue, Philadelphia, Pa. 19116. The Debtor will fund its payments under the Plan from its projected disposable income received in the Plan Period. Generally, the Projections consist of expected revenues less normal operating expenses less payments required under the Plan. A full-text copy of the Fourth Amended Plan dated January 13, 2026 is available at https://urlcurt.com/u?l=LUVs1z from PacerMonitor.com at no charge. Counsel for the Debtor: Demetrius J. Parrish Jr., Esq. 7715 Crittenden Street, #360 Philadelphia, PA 19118 Telephone: (215) 735-3377 Facsimile: (215) 827-5420 Email: DJPESQ@gmail.com About Companion Care Partners Companion Care Partners, LLC provides in-home care services for elderly and disabled individuals and has operated since 2014. The Debtor filed a Chapter 11 petition (Bankr. E.D. Pa. Case No. 25-11859) on May 9, 2025, listing under $1 million in both assets and liabilities. Judge Derek J. Baker oversees the case. Demetrius J. Parrish Jr., Esq., is the Debtor's legal counsel. COMPASS COFFEE: Greenstein DeLorme Represents Landlords ------------------------------------------------------- In the Chapter 11 bankruptcy cases of Compass Coffee, LLC and its debtor-affiliates, Greenstein DeLorme & Luchs, P.C. (GDL) filed with the United States Bankruptcy Court for the District of Columbia a Verified Statement pursuant to Bankruptcy Rule 2019. According to the Verified Statement: 1. Greenstein DeLorme & Luchs, P.C. represented West Half Residential II, LLC and Terrell Place Property, LLC in this Chapter 11 case. 2. West Half and Terrell Place are both landlords under unexpired leases of commercial space located in Washington, D.C., in which the Debtor is the tenant. West Half's and Terrell Place's addresses and the nature and amount of each disclosable economic interests, are: 1. West Half Residential II, LLC c/o JBG SMITH Properties 4747 Bethesda Avenue Suite 200 Bethesda, MD 20814 Nature of Interest or Claim Unexpired lease with the Debtor dated as of May 18, 2017, as amended, for Suite 135 located at 1201 Half Street, S.E. Washington, D.C. Amount of Claim $51,161.47 2. Terrell Place Property, LLC c/o Beacon Capital Partners 200 State Street 5th Floor Boston, MA 0210 Nature of Interest or Claim Unexpired lease with the Debtor dated May 28, 2015, as amended, for space located at 650 F Street, Washington D.C. Amount of Claim $15,076.96 Counsel for West Half Residential II, LLC and Terrell Place Property, LLC James D. Sadowski, Esq. 801 17th Street, N.W., Suite 1000 Washington, D.C. 20006 Tel: (202) 452-1400 Fax: (202) 452-1410 Email: jds@gdllaw.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.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. Hunton Andrews Kurth LLP represents the Debtor as legal counsel. National Investment Group, as DIP lender, is represented by Redmon, Peyton & Braswell, LLP. EagleBank, as secured creditor, is represented by Gebhardt and Smith, LLP. CONTROL AND INFORMATION: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------------ On January 16, 2026, Control and Information Systems, Inc., filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About Control and Information Systems, Inc. Control and Information Systems, Inc. is a technology-focused company that provides control systems, information management solutions, and related technical services. The company supports operational and data-driven needs for commercial and industrial clients. Control and Information Systems, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30225) on January 16, 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 handled by Honorable Chief Bankruptcy Judge Stacey G. Jernigan. The Debtor is represented by Brandon John Tittle, Esq., of Tittle Law Firm, PLLC. COOL SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Cool Solutions Manufacturing, Inc. 178 W Hill Place Brisbane, CA 94005 Business Description: Cool Solutions Manufacturing, Inc. designs, manufactures, and installs commercial refrigeration systems, including insulated panels, doors, accessories, and related refrigeration equipment. The Company provides turnkey refrigeration and cold-storage solutions for grocery, food-service, food-processing, and pharmaceutical facilities, supporting both new construction and retrofit projects. It is headquartered in Brisbane, California, and serves customers nationwide. Chapter 11 Petition Date: January 19, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-30046 Debtor's Counsel: Marc Voisenat, Esq. LAW OFFICES OF MARC VOISENAT 2329 A Eagle Avenue Alameda, CA 94501 Tel: 510-263-8755 Fax: 510-272-9158 Email: marcvoisenatlawoffice@gmail.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Luis Barbosa 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/BU77KZY/Cool_Solutions_Manufacturing_Inc__canbke-26-30046__0001.0.pdf?mcid=tGE4TAMA CRYSTAL GROUP: Hires Robert S. Altagen Inc. as Bankruptcy Counsel ----------------------------------------------------------------- Crystal Group LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Robert S. Altagen, Inc., a Professional Corporation, as counsel. The firm's services include: (a) advising the Debtor regarding its powers and duties in the continued operation of its business and management of its property; (b) consulting with the Debtor, the U.S. trustee and other parties-in-interest in the administration of the Debtor's Chapter 11 case; (c) investigating the acts, conduct, liabilities, assets and financial condition of the Debtor, the operation of the Debtor's business and any other matter relevant to the case; (d) preparing legal papers; (e) participating in the Debtor's formulation of a plan of reorganization and soliciting acceptances or rejections of the plan; and (f) providing general legal representation of the Debtor in all aspects relating to its bankruptcy proceeding. The firm's attorneys and paralegals will be paid at these rates: Robert S. Altagen, Esq. $600 per hour Associate Attorneys $400 per hour Paralegals $200 per hour The Debtor has agreed to pay the firm an initial retainer of $15,000. Robert Altagen, Esq., disclosed in court filings that his firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert S. Altagen, Esq. Law Offices of Robert S. Altagen, Inc. A Professional Corporation 1111 Corporate Center Drive, Suite 201 Monterey Park, CA 91754 Telephone: (323) 268-9588 Facsimile: (323) 268-8742 Email: robertaltagen@altagenlaw.com About Crystal Group LLC Crystal Group LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20361) on November 19, 2025, listing up to $50,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Yali Xie as CEO. Robert Altagen, Esq. serves as the Debtor's counsel. CTCHGC LLC: Seeks to Hire Barron & Newburger as Bankruptcy Counsel ------------------------------------------------------------------ CTCHGC, LLC filed seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Barron & Newburger, P.C. as attorneys. The firm will provide these services: (a) advise the Debtor of its rights, powers, and duties in the continued management of its assets; (b) review the nature and validity of claims asserted against the property of Debtor and advise it concerning the enforceability of such claims; (c) prepare on behalf of Debtor, all necessary and appropriate legal documents and review all financial and other reports to be filed in the Chapter 11 case; (d) advise the Debtor concerning and prepare responses to, applications, motions, complaints, pleadings, notices, and other papers which may be filed in the Chapter 11 case; (e) counsel the Debtor in connection with the formulation, negotiation, and promulgation of a plan of reorganization and related documents; (f) perform all other legal services for and on behalf of the Debtor which may be necessary and appropriate in the administration of the Chapter 11 case and its business; and (g) work with professionals retained by other parties in interest in this case to attempt to obtain approval of a consensual plan of reorganization for the Debtor. The firm will be paid at these hourly rates: Stephen Sather $650 Senior Attorneys $400 to $650 Junior Attorneys $250 to $450 Legal Assistants $40 to $100 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $5,000. Mr. Sather disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen Sather, Esq. Barron & Newburger, P.C. 7320 N. MoPac Expwy., Suite 400 Tel: (512) 476-9103 Fax: (512) 476-9253 About CTCHGC, LLC CTCHGC, LLC is a limited liability company engaged in Texas. CTCHGC, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12029) on December 23, 2025. In its petition, the Debtor reports estimated assets in the range of $100,001 to $1 million and estimated liabilities between $1 million and $10 million. The case is assigned to Honorable Bankruptcy Judge Shad M. Robinson. The Debtor is represented by Stephen W. Sather, Esq., of Barron & Newburger, PC. D'CASSA LLC: Unsecured Creditors Will Get 5.90% of Claims in Plan ----------------------------------------------------------------- D'Cassa, LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization dated January 13, 2026. The Debtor is a Florida limited liability company founded in 2021 and domiciled in Florida. The Debtor is a designer, planner, producer, and installer of primarily custom residential Italian made high-end kitchens, baths, and wall panels and doors. Until recently, Debtor's showroom and warehouse were located at a rented location in Doral, FL. The Debtor then invested more than $250,000 in capital expenditures for leasehold improvements to its Doral showroom to align its presentations with the offerings of its new Italian fabricators. The lease, by its terms, terminated at the end of June 2025. The landlord sued for possession and for damages and the landlord and Debtor thereafter executed a Stipulation for Settlement that gave Debtor until October 15, 2025 to vacate the premises and pay Landlord agreed damages of $238,352.55. The Debtor was not able to comply and filed this bankruptcy on October 15, 2025 to reorganize its financial affairs. The Debtor's strategic objectives are to complete all customers' projects for those customers that wish for the Debtor to complete them and to pay all critical vendors necessary to complete all such customers' projects' work-in-progress from cash-flow provided by operations; and to pay its debts upon reasonable terms and over a reasonable period as set forth in the Plan. The Debtor seeks relief under Subchapter V to achieve these goals of reconciliation and reorganization. The Debtor's Plan will be funded by the current and future income earned by the Debtor and by rescue funding provided by 1701 Doral, LLC, a non-debtor entity owned by the Debtor's owner. The Debtor expects income from operations to cover all payments due under the Plan except for payment of the 1701 Doral, LLC is the owner of a warehouse located at 1701 NW 92 Avenue, Doral, FL 33172. Secured and unsecured creditors holding allowed claims will receive a distribution on their claim payable over three years. This Plan also provides for the payment of administrative claims and a priority tax claims under the terms, and to the extent, permitted by the Code or by agreement between the Debtor and the claimants. Class 3 consists of General unsecured claims of critical vendors necessary to complete and obtain release of customers' projects' work-in-progress. The Debtor will pay claimants in this class in full without interest in equal monthly installments, with payments commencing on the on the 30th day following the Effective Date and the remaining 47 monthly payments being made on the same day of the month each month thereafter. General unsecured claims of critical vendors include Aran World Srl Fabrication Charges $40,000.00; Sebino Chiusure Fabrication Charges $9,645.00; and Scheduled Tomassi Galanti Fabrication Charges $77,486.36. This Class is impaired. Class 4 consists of General unsecured claims allowed under Section 502 of the Code other than those of critical vendors necessary to complete and obtain release of customers' projects' work-in-progress. This Class is impaired. The Debtor will pay claimants in this class a total of $60,000 without interest in equal quarterly installments, with the first payment being made on the 90th day following the Effective Date of the Plan and the remaining 15 quarterly payments being made on the same day of the month each quarter thereafter. The Debtor estimates that there is a total of $1,017,020.71 of claims in in this class, resulting in an estimated pro rata distribution of 5.90% to each class member. Class 6 consists of Equity Security Holder of the Debtor. Equity Security Holder will retain ownership in the Debtor post confirmation. Current equity will continue to manage the Debtor post confirmation. The Plan will be funded by the continued operations of the Debtor. A full-text copy of the Plan of Reorganization dated January 13, 2026 is available at https://urlcurt.com/u?l=XtFsQ1 from PacerMonitor.com at no charge. Counsel to the Debtor: James Schwitalla, Esq. The Bankruptcy Law Offices of James Schwitalla, PA Park Place II 12954 SW, 133 Court Miami, FL 33186 Telephone: (305) 278-0811 Email: jws@MiamiBKC.net About D'Cassa, LLC D'Cassa, LLC is a designer, planner, producer, and installer of primarily custom residential Italian-made high-end kitchens, baths, and wall panels and doors. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-22119) on October 15, 2025, with $500,001 to $1 million in assets and liabilities. Judge Laurel M. Isicoff presides over the case. James Schwitalla, Esq., represents the Debtor as legal counsel. DAVID CARTU: BDO Oversees Receivership for $300,000 Settlement -------------------------------------------------------------- Investors may be eligible to file a claim with respect to $300,000 recovered from David Cartu, carrying on business as UKTVM Ltd. and Greymountain Management Limited (Collectively, the Cartu Corporations). All claims must be filed on or before March 6, 2026. Under a Settlement Agreement with the Ontario Securities Commission (OSC), dated May 18, 2021, David Cartu admitted that he contravened Ontario securities law by permitting the Cartu Corporations to indirectly facilitate trading by Ontario investors in binary options. David Cartu agreed to pay the OSC an administrative penalty of $300,000. The Ontario Superior Court of Justice made an order appointing BDO Canada Limited (BDO) as receiver (Receiver) of these funds and authorized the Receiver to implement a claims process for persons residing in Ontario who made payments to the Cartu Corporations to trade in binary options. What investors need to know: Who is eligible to make a claim: Persons residing in Ontario who made payments to the Cartu Corporations between approximately July 2013 and April 2017 to trade in binary options. How to make a claim: Any eligible investor who has not already received a Notice of Claim from the Receiver, please visit BDO's website. Deadline to file a claim: Eligible investors must file their claim by 5:00 p.m. (Eastern Standard Time) on March 6, 2026. Claims that are not received on or before March 6, 2026 will not be permitted. Questions: Investors who have questions should visit BDO's website or contact Jessie Hue or Tony Montesano of the Receiver's office by telephone at (647) 577-4366 or (416) 775-7821, respectively, or by e-mail at greymountaininvestors@bdo.ca. To maximize recovery for investors, the costs of this receivership are being funded by an allocation from sanction and settlement funds held by the OSC The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca. DB PROPERTIES: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: DB Properties WH, LLC 2670 University Blvd. West Silver Spring, MD 20901 Business Description: DB Properties WH, LLC is a single-asset real estate company that owns one income- producing property. Chapter 11 Petition Date: January 19, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-10586 Debtor's Counsel: Linda Dorney, Esq. BGS LAW, LLC 110 N. Washington Street Suite 404 Rockville, MD 20850 Tel: 301-579-3123 E-mail: linda@bgslawllc.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Ronald Hernandez as managing member. 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/DMWHMUY/DB_Properties_WH_LLC__mdbke-26-10586__0001.0.pdf?mcid=tGE4TAMA DEL MONTE: B&G Foods to Acquire Broth & Stock Business for $110M ---------------------------------------------------------------- B&G Foods, Inc. (NYSE: BGS) announced on January 15, 2026, that it has entered into an agreement to acquire the broth and stock business of Del Monte Foods Corporation II Inc. and its affiliates, including the College Inn and Kitchen Basics brands, for approximately $110 million in cash, subject to an inventory adjustment at closing, and assumption of certain liabilities. B&G Foods was the winning bidder for the broth and stock business following a competitive auction process that was conducted in connection with the Chapter 11 bankruptcy proceedings of Del Monte Foods Corporation II Inc. and certain of its affiliates. The closing of the acquisition is subject to Bankruptcy Court approval, the satisfaction of other customary closing conditions, and the simultaneous closing of two other bankruptcy sales unrelated to B&G Foods or the broth and stock business by Del Monte Foods Corporation II Inc. and its affiliates. If approved by the Bankruptcy Court, the acquisition is expected to close during the first quarter of 2026. "We are very excited to be the winning bidder for Del Monte's broth and stock business and to add the College Inn and Kitchen Basics brands to the B&G Foods portfolio," said Casey Keller, President and Chief Executive Officer of B&G Foods. "The College Inn and Kitchen Basics brands complement our existing portfolio of brands. College Inn and Kitchen Basics are pantry staples for consumers seeking to prepare high-quality, innovative and versatile meals at home. This acquisition is consistent with our longstanding acquisition strategy of targeting well-established brands with defensible market positions and strong cash flow at reasonable purchase price multiples." Upon closing, B&G Foods expects the acquisition to be immediately accretive to its earnings per share, adjusted EBITDA and free cash flow. B&G Foods projects that on an annualized basis, the College Inn and Kitchen Basics brands will generate net sales in the range of approximately $110 million to $120 million, adjusted EBITDA in the range of $18 million to $22 million and adjusted diluted earnings per share in the range of $0.08 to $0.12. Because the acquisition will be structured as an asset purchase, B&G Foods expects to realize approximately $15 million in tax benefits on a net present value basis. At the midpoint of B&G Foods' annualized projected adjusted EBITDA for the business, the acquisition represents a purchase price multiple of approximately 5.5 times adjusted EBITDA (or 4.8 times annualized projected adjusted EBITDA net of expected tax benefits). B&G Foods intends to fund the acquisition and related fees and expenses with cash on hand, including cash from divestitures, and revolving loans under its existing credit facility. About B&G Foods, Inc. Based in Parsippany, New Jersey, B&G Foods -- www.bgfoods.com. -- and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods' diverse portfolio of more than 50 brands you know and love, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Mama Mary's, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there's a little something for everyone. About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DEL MONTE: Fresh Del Monte Wins $285M Court-Supervised Sale ----------------------------------------------------------- Fresh Del Monte Produce Inc. (NYSE: FDP) announced on January 15, 2026, that it has been named the successful bidder to acquire select assets of California-based Del Monte Foods Corporation II Inc. [and its affiliates] for a purchase price of $285M, plus assumption of certain liabilities -- through a court-supervised sale under Section 363 of the U.S. Bankruptcy Code. The transaction remains subject to court approval and applicable regulatory clearances, including Hart-Scott-Rodino clearance. The sale hearing is scheduled for January 28, 2026, with closing expected by the end of the first quarter of 2026, subject to necessary approvals. The transaction brings the Del Monte brand under a single owner for the first time in nearly four decades, aligning fresh and shelf-stable foods under one integrated strategy. By pairing established pantry brands with Fresh Del Monte's global fresh-produce supply chain, operational capabilities, and innovation engine, the company expects to strengthen brand consistency, expand consumer reach across more occasions and channels, enhance efficiency, and support long-term value creation. "Bringing the Del Monte brand back together reflects a long-held conviction of mine," said Mohammad Abu-Ghazaleh, Fresh Del Monte's Chairman and Chief Executive Officer. "By uniting fresh and shelf-stable food under one strategy, we are honoring the brand's legacy while supporting it for continued relevance and growth. It allows us to show up more consistently for consumers and to build a stronger, more flexible platform focused on efficiency, innovation, and long-term value creation." The transaction positions Fresh Del Monte to carry forward one of the food industry's most enduring brands--nearly 140 years old--across categories under a single, globally integrated strategy. Under the bid, Fresh Del Monte would acquire: -- Prepared and packaged foods businesses comprising vegetable, tomato, and refrigerated fruit business assets, including Del Monte(R) and S&W(R) packaged vegetable brands, Del Monte(R), Contadina(R), and Take Root Organics(R) packaged tomato brands, the Del Monte(R) refrigerated fruit brand, and the JOYBA(R) beverage brand. -- An operational footprint including selected U.S. facilities in Texas, Illinois, Wisconsin, and Washington, two facilities in Mexico, and one operation in Venezuela. -- Material customer and supplier contracts and inventory at closing to support uninterrupted service. -- Global ownership of the Del Monte(R) brand, subject to existing licensing arrangements across different regions and categories, including all U.S. rights to the Del Monte(R), S&W(R), Contadina(R), and Joyba(R) trademarks, as well as certain operating assets and employees in the United States, Mexico, and Venezuela. -- Excluded from the transaction are the canned fruit, and other ambient packaged fruit and fruit sauce products for the U.S., Puerto Rico and Mexico markets, under the Del Monte(R) and S&W(R) brands, along with physical assets associated with these businesses in those countries, as well as the broth and stock businesses under the College Inn(R) and Kitchen Basics(R) brands. Following closing, Fresh Del Monte plans to steward the acquired brands through a dedicated business unit, ensuring continuity for retailers, foodservice partners, suppliers, and consumers, with no immediate changes expected to products on shelf. Fresh Del Monte intends to finance the acquisition through a combination of cash on hand and availability under its revolving credit facility. Rabobank served as exclusive financial advisor to Fresh Del Monte, with Greenberg Traurig and Dickinson Wright acting as legal advisors. About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DEL MONTE: Names Three Successful Bidders in Asset Sale ------------------------------------------------------- Del Monte Foods Corporation II Inc., a leading producer, distributor, and marketer of premium quality, packaged food products, announced that it has selected three successful bidders in its court-supervised auction process. The Company has negotiated asset purchase agreements with the three parties for substantially all of its assets and business operations as going-concern businesses. The Sale Transactions are: -- The sale to Fresh Del Monte Produce Inc. (NYSE: FDP), of the Company's vegetable, tomato, and refrigerated fruit business assets, including Del Monte(R) and S&W(R) packaged vegetable brands, Del Monte(R), Contadina(R), and Take Root Organics(R) packaged tomato brands, Del Monte(R) refrigerated fruit brand, and the JOYBA(R) beverage brand, together with global ownership of the Del Monte(R) brand and related intellectual property, subject to existing licensing arrangements; -- The sale to B&G Foods, Inc. (NYSE: BGS), of all assets in the "Broth & Stock" business segment, including College Inn(R) and Kitchen Basics(R) brands; and -- The sale to Pacific Coast Producers of the shelf-stable fruit business assets (other than production assets), including the rights and licenses to use the Del Monte(R) and S&W(R) brands for shelf-stable packaged ambient fruit and ambient fruit sauces, in the United States (including Puerto Rico) and Mexico. The Sale Transactions are expected to provide Del Monte Foods with a clear path forward for the Company's assets and business operations to continue under the new ownership of three well-regarded strategic operators and represent the highest or otherwise best offers for the Company's assets and businesses. "This outcome represents a successful result in our sale process and demonstrates the enduring value of Del Monte Foods' brands and operations," said Greg Longstreet, Chief Executive Officer. "These transactions will create an opportunity for our beloved brands and businesses to thrive under the ownership of three of the leading companies in the food industry. We are committed to working closely with all parties to support a smooth transition of operations and are grateful to our team members, customers, and vendor partners for their steadfast commitment and meaningful contributions to Del Monte Foods during this pivotal time." The successful bidders were selected after careful consideration of all alternative proposals following a comprehensive sale process. The Sale Transactions are subject to the approval of the U.S. Bankruptcy Court for the District of New Jersey at a hearing currently scheduled for January 28, 2026, and customary closing conditions. Following Court approval, the Company will work with the buyers to transition ownership of the businesses and/or related assets in connection with the closing of the Sale Transactions, all of which are expected to occur by the end of the first quarter of 2026. Del Monte Foods continues to serve customers and fulfill orders across its portfolio of beloved brands at this time. The Company remains committed to supporting its team members, growers, vendors, and suppliers, while delivering high-quality food products that are healthy, delicious, and convenient. Additional information regarding the Company's chapter 11 process is available at https://cases.stretto.com/DelMonteFoods. Stakeholders with questions can contact the Company's claims agent, Stretto, by calling (833) 228-5497 (US and Canada toll-free) or +1 (714) 263-3709 (International) or emailing DelMonteInquiries@Stretto.com. About Del Monte Foods Corporation II Inc. Del Monte Foods, Inc. produces, distributes, and markets branded plant-based packaged food products in the United States and Mexico. Del Monte Foods Corporation II Inc. and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 25-16984) on July 1, 2025, listing $1,000,000,001 to $10 billion in both assets and liabilities. Judge Michael B Kaplan presides over the case. Michael D. Sirota, Esq. at Cole Schotz P.C. represents the Debtor as counsel. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Del Monte Foods Corporation II, Inc. and its affiliates. The committee hires Morrison & Foerster LLP as counsel. Province, LLC as financial advisor. Kelley Drye & Warren LLP as co-counsel. Stifel, Nicolaus & Co., Inc. ("Miller Buckfire") as investment banker. DRAKO CONSTRUCTION: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------- On January 16, 2026, Drako Construction Management 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 between 1 and 49 creditors. About Drako Construction Management Services, LLC Drako Construction Management Services, LLC is a construction management firm that provides project oversight, coordination, and management services for commercial and residential construction projects. The company works with contractors, developers, and property owners to manage construction timelines, budgets, and compliance requirements. Drako Construction Management Services, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50133) on January 16, 2026. In its petition, the Debtor reports estimated assets in the range of $100,001 to $1,000,000 and estimated liabilities between $1 million and $10 million. The case is handled by Honorable Chief Bankruptcy Judge Craig A. Gargotta. The Debtor is represented by Carl Michael Barto, Esq., of the Law Office of Carl M. Barto. DRAKO CONSTRUCTION: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------- Drako Construction Management Services, LLC, commenced a voluntary Chapter 7 bankruptcy case on January 16, 2026, in the Western District of Texas. Court records indicate the Debtor has between $1 million and $10 million in liabilities. About Drako Construction Management Services, LLC Drako Construction Management Services, LLC is engaged in construction management and consulting services, coordinating projects from planning through completion. Drako Construction Management Services, LLC filed for relief under Chapter 7 of the U.S. Bankruptcy Code on January 16, 2026 (Case No. 26-50133). The bankruptcy petition lists assets estimated at $100,001 to $1 million and liabilities estimated at $1 million to $10 million. Honorable Bankruptcy Judge Craig A. Gargotta is assigned to the case. The Debtor is represented by Carl Michael Barto, Esq. of the Law Office of Carl M. Barto. DYNATRONICS CORP: Files Chapter 7 Case After Ceasing Operations --------------------------------------------------------------- Dynatronics Corporation disclosed in a regulatory filing that after considering all strategic alternatives, the Company and its wholly-owned subsidiaries, Hausmann Enterprises, LLC, Bird & Cronin, LLC, and Dynatronics Distribution Company, LLC, each ceased operations and filed a voluntary petition for relief under Chapter 7 of Title 11 of the United States Code, 11 U.S.C. sections 101 et seq. in the United States Bankruptcy Court for the District of Minnesota. As a result of the Bankruptcy Filings, a Chapter 7 trustee will be appointed by the Bankruptcy Court in each of the Bankruptcy Cases and will administer the respective Debtor's bankruptcy estate, including liquidating the assets of each respective Debtor in accordance with the Bankruptcy Code. With respect to each Bankruptcy Case, once a Chapter 7 trustee is appointed, an initial hearing for creditors will be scheduled, and a Notice of Bankruptcy Case Filing for such Bankruptcy Case will be sent to known creditors. Furthermore, the Bankruptcy Filings triggered events of default under certain of the Debtors' contracts, agreements or debt instruments, which may result in the termination of, or an acceleration of the Debtors' obligations under, such contracts, agreements or debt instruments. Without limiting the foregoing, the Bankruptcy Filings: (i) Trigger one or more events of default under the Company's Loan and Security Agreement dated as of August 1, 2023 with Gibraltar Business Capital, LLC. An event of default under the Loan and Security Agreement entitles Gibraltar Business Capital, LLC to enforce the rights and pursue the remedies described in the Loan and Security Agreement, including acceleration of the outstanding indebtedness under the Loan and Security Agreement; and (ii) Trigger redemption rights under the: (A) Designation of Preferences, Rights and Limitations of the Series A 8% Convertible Preferred Stock of the Company contained in the Company's Amended and Restated Articles of Incorporation, and (B) Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock of the Company. Such events of default and redemption rights, however, may be stayed pursuant to 11 U.S.C. section 362. In connection with the Bankruptcy Filings, the appointed Chapter 7 trustee(s) will assume control over the assets and liabilities of the Debtors, effectively eliminating the authority and powers of the Board of Directors of the Company and its executive officers to act on behalf of the Company and the other Debtors. Accordingly, effective as of the appointment of the Chapter 7 trustee(s), Brian Baker, Andrew Hulett, R. Scott Ward, Erin S. Enright, and David B. Holtz resigned from their positions as directors of the Company. The resignations are not the result of any disagreement with the Company regarding the Company's operations, policies, or practices. The executive officers of the Company, including the Company's CEO, Brian Baker, ceased to be officers and employees of the Company and each other Debtor, as applicable, effective as of the appointment of the Chapter 7 trustee(s). About Dynatronics Corporation Dynatronics Corporation is a U.S.-based medical technology company that develops, manufactures, and markets rehabilitation and physical therapy products, including therapeutic ultrasound devices, electrotherapy equipment, and mobility tools. Dynatronics Corporation sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30073) on January 9, 2026. In its petition, the Debtor reports estimated assets of $100,001 - $1,000,000 and estimated liabilities of $1 million - $10 million. Honorable Bankruptcy Judge Mychal A. Bruggeman handles the case. The Debtor is represented by Robert J. Haupt, Esq. of Haupt Law, PC. E & E BUILDERS: Seeks Chapter 7 Bankruptcy in California -------------------------------------------------------- On January 14, 2026, E & E Builders Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About E & E Builders Inc. E & E Builders Inc. is a construction company engaged in residential and commercial building projects. The company provides general contracting and construction-related services within its operating markets. E & E Builders Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10061) on January 14, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Martin R. Barash handles the case. The Debtor is represented by Bradley Jerrod Yourist, Esq. ECGPR LLC: Unsecureds Owed $200K+ to Get 16% in 60 Months --------------------------------------------------------- ECGPR, LLC filed with the U.S. Bankruptcy Court for the District of Puerto Rico a Disclosure Statement describing Plan of Reorganization dated January 13, 2026. The Debtor is a limited liability company duly organized in the Commonwealth of Puerto Rico since 2019. Since its creation, is has been authorized and is doing business in the Commonwealth of Puerto Rico. The main business/income of DIP derives from the selling of bulletproof vests to the State and Municipal Police Force, and also, the rental of a real property located at Salinas, Puerto Rico, which was bought by DIP on 2022 in the amount of $900,000.00, of which DIP financed $700,000.00 by a loan given by the former owners of the property. After the purchase in 2022 of the property located at Salinas, Puerto Rico, the property suffered severe damage due to the passing of Hurricane Fiona in September 2022 through Puerto Rico. Such incident, plus other facts, resulted in DIP becoming in default with the remaining balance of the loan and which led to the filing of a Collection Suit in the States Courts of Puerto Rico. During the pendency of such civil suit, the State Courts entered an order limiting the rights of DIP as to the property in Salinas and that made DIP worry about the property of the estate. As a result of such and knowing that DIP can make a payment plan in order to reorganize its finances, DIP filed the present bankruptcy petition. The Debtor was forced to file a petition for bankruptcy under the provisions of Chapter 11 of the Bankruptcy Code in order to save its assets and reorganize its finances and pay all general unsecured creditors as much as possible in a reorganized manner. Class 4 consists of General Unsecured Creditors with claims of $200,000.00 or more: * Class 4.1 is composed of claim #4, filed by Nereida Maymi Osorio, in the amount of $312,500.00. This class will be paid 16% of their claim, which equals to $50,000.00. Such amount of $50,000.00 will be paid by monthly payments of $840.00 for 59 months and a last payment of $440.00. The first payment will start 60 days from the time the final order confirming the plan becomes final and unappealable. * Class 4.2 is composed of claim #3, filed by José López Avilés, in the amount of $312,500.00. This class will be paid 16% of their claim, which equals to $50,000.00. Such amount of $50,000.00 will be paid by monthly payments of $840.00 for 59 months and a last payment of $440.00. The first payment will start 60 days from the time the final order confirming the plan becomes final and unappealable. Class 5 consists of General Unsecured Creditors with claims of $50,000.00 up to $199,999,99: * Class 5.1 is composed of claim by Ricardo Alejandro Cruz, in the amount of $100,000.00. This class will be paid 16% of their claim, which equals to $16,000.00. Such amount of $16,000.00 will be paid by monthly payments of $450.00 for 35 months and a last payment of $250.00. The first payment will start 60 days from the time the final order confirming the plan becomes final and unappealable. * Class 5.2 is composed of claim by the Estate of Anibal Rosado Colón, in the amount of $100,000.00. This class will be paid 16% of their claim, which equals to $16,000.00. Such amount of $16,000.00 will be paid by monthly payments of $450.00 for 35 months and a last payment of $250.00. The first payment will start 60 days from the time the final order confirming the plan becomes final and unappealable. Class 6 consists of General Unsecured Creditors with claims of $00.01 up to $49,999,99: * Class 6.1 is composed of claim #1 filed by the Treasury Department for the Commonwealth of Puerto Rico, in the amount of $25.00. This class is being considered to be objected since DIP understands that he does not owe any amounts to Treasury and an informal request to withdraw and/or amend the claim will be made to the officer of the Treasury. In any event, the amount claimed is so minimal that do not affect negatively the confirmation of the plan. In the event, the claim remains, it will be paid 16% of their claim, which equals to $4.00. Such amount will be paid within the first 12 months of the plan in one lump sum payment. Class 6.2 is composed of claim #2 by BANCO Popular, Special Loans, in the amount of $22,479.01. This class will be paid 16% of their claim, which equals to $3,596.64. Such amount of $3,596.64 will be paid within the first 12 months of the plan in one lump sum payment. Class 7 is composed of Equity Interest in the Debtor which is the general unsecured nonpriority claim of 100% member, Mr. Edgardo Fernández Laborde, in the amount of $263,611.25. As stated at the 341 meeting, Mr. Laborde's claim is subordinated to all creditors' claims and is not expected to receive any distribution under this Plan. This Plan constitutes an operating reorganization and is not a liquidating plan within the meaning of section 1141(d)(3) of the Bankruptcy Code. The Debtor shall continue to operate its business and manage its assets following the Effective Date, and the Plan is intended to rehabilitate the Debtor through continued operations and structured payments to creditors. Upon confirmation of the plan, the Debtor shall have sufficient funds to make payments then due under this Plan. The funds will be obtained from the rental income and the sale of bulletproof vests. On the Confirmation Date of the Plan, all assets shall be and become the general responsibility of the reorganized debtor, ECGPR, LLC, who shall thereafter have the responsibility for the management and control and administration thereof. A full-text copy of the Disclosure Statement dated January 13, 2026 is available at https://urlcurt.com/u?l=JAbfWX from PacerMonitor.com at no charge. Counsel to the Debtor: Jacqueline E. Hernandez Santiago, Esq. LEGAL OFFICE OF JACQUELINE E. HERNANDEZ SANTIAGO, ESQ. 22 Mayaguez Street Hato Rey, PR 00918 Tel: (787) 766-0570 About ECGPR LLC ECGPR LLC holds fee simple ownership of a property at AA 62 Angel Maldonado Street in the Coco Margarita sector of Barrio Playa, Salinas, Puerto Rico, valued at about $117,000. ECGPR LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 25-04341) on September 27, 2025, listing $121,000 in assets and $1,122,000 in liabilities. The petition was signed by Edgardo Fernandez Laborde as president. Judge Enrique S Lamoutte Inclan presides over the case. Jacqueline Hernandez Santiago, Esq. at HERNANDEZ AND ASSOCIATES LAW FIRM represents the Debtor as counsel. EDGAR BENJAMIN: Sale of Facility to Allaire Health to Close Feb. 1 ------------------------------------------------------------------ Avery Bleichfeld of The Bay State Banner reports that the long-delayed sale of the Edgar P. Benjamin Healthcare Center to Allaire Health Services is expected to close by February 1, 2026, according to attorneys overseeing the court-appointed receivership of the Mission Hill nursing home. Suffolk County Superior Court Justice Christopher Belezos said at a January 9, 2026 status conference that the transaction appears to be nearing completion. The receivership, which has managed the facility since April 2024 after allegations of mismanagement and missed payroll, is expected to terminate Feb. 9, 2026. Roxbury attorney Joseph Feaster, who has led the receivership, selected Allaire Health Services -- a New Jersey-based for-profit long-term care operator -- in July as part of an effort to keep the nearly century-old facility open, according to report. Allaire has proposed a $6.5 million purchase price, court filings show. Much of the proceeds will be used to satisfy outstanding obligations, including a lien imposed by Massachusetts health officials during the receivership. Attorneys said between $1 million and $1.5 million could remain after those payments, though responsibility for those funds remains unresolved due to the absence of an active nonprofit board, reports The Bay State Banner. The Attorney General's Office has proposed forming a new independent board to oversee the remaining funds and wind down the nonprofit, while other options -- including potential dissolution -- remain under discussion. Meanwhile, guardians of residents have secured assurances from Allaire that current residents will not be displaced, even as concerns persist about for-profit ownership and the operator’s regulatory history in other states, the report states. About Edgar Benjamin Healthcare Edgar Benjamin Healthcare is a non-profit skilled Nursing and Rehabilitation Center, which services the greater Boston community. On April 3, 2024, a judge ordered a Boston skilled nursing facility into receivership after family members of residents warned of unsafe conditions and operational failures. Court filings alleged that Edgar P. Benjamin Healthcare Center suffered from staffing shortages, supply deficiencies, and payroll lapses that caused some employees to stop reporting to work. The petition, backed by sworn statements from facility leadership, said the resulting strain left remaining staff unable to meet the care needs of the facility’s approximately 70 residents. ELETSON HOLDINGS: Levona Wins Bid to Vacate 2023 Arbitral Award --------------------------------------------------------------- In the case captioned as ELETSON HOLDINGS, INC. and ELETSON CORP., Cross-Respondents, v. LEVONA HOLDINGS, LTD. Cross Petitioner, and APARGO LIMITED, FENTALON LIMITED, and DESIMUSCO TRADING LIMITED, Intervenors, Case No. 23-cv-07331 (S.D.N.Y.), Judge Lewis J. Liman of the United States District Court for the Southern District of New York granted Levona Holdings Ltd.'s motion to vacate the arbitral award in favor of Eletson Holdings, Inc. in 2023. Levona's motion for sanctions against Apargo Ltd., Desimusco Ltd., and Fentalon Ltd. for discovery violations committed with respect to the present action is also granted. This long-running dispute revolves around the corporate control of non-party Eletson Gas LLC ("Eletson Gas"). Eletson Gas was formed in 2013 under the laws of the Republic of the Marshall Islands as a limited liability company specializing in the transport of liquified petroleum gas ("LPG"). Eletson Gas was formed in part by Eletson Holdings ("Holdings"), a corporation formed under the laws of Liberia. Together with Eletson Corporation ("Eletson Corp"), which provides management services for the vessels owned by Eletson Gas, the companies make up the business known as "Eletson." Eletson was a privately-held family business in the field of international shipping, specifically the financing, leasing, chartering, operation, and management of oil and gas tanker vessels. In 2013, Holdings partnered with several funds managed by a hedge fund, Blackstone Tactical Opportunities, to create Eletson Gas as a joint venture. Holdings contributed five medium-sized LPG vessels to the enterprise and received the common stock of Eletson Gas. The Blackstone funds contributed the capital for the venture and was awarded the preferred interests ("Preferred Interests"). Several years later, Eletson and Blackstone entered the Third Amended Restated Limited Liability Company Agreement, dated August 16, 2019. In November 2021, Blackstone sold its interest in Eletson Gas for three million dollars to a special purpose vehicle created by Canadian hedge fund Murchinson Ltd. named Levona Holdings Ltd. Levona thus succeeded to Blackstone's rights under the LLCA. By early 2022, five Eletson Gas ships -- over a third of its fleet -- had been arrested by various creditors for non-payment of its liabilities. Multiple arrested ships were scheduled to be sold at auction to compensate creditors. Just before the auction was to take place, and only months after Levona acquired Blackstone's interest in Eletson Gas, Levona and Holdings, Eletson Corp, Eletson Gas and a wholly-owned subsidiary of Eletson Gas entered into a second agreement relevant to this dispute -- the Binding Offer Letter. Through that agreement, Levona lent up to $10,000,000 to Eletson Gas, enabling Eletson Gas to avoid losing its fleet to various creditors for non-payment of liabilities. As part of the transaction that resulted in the cash infusion, Eletson Gas agreed to transfer to Levona the shares Eletson Gas held in the companies that owned two of its ships, the Symi and the Telendos. Eletson Gas was also offered a limited option to buy Levona out of the Preferred Interests that Levona owned, which would have the effect of terminating Levona's ownership and control of the company. The BOL set forth the terms and conditions pursuant to which Levona was willing to (A) buy the shares and/or membership interests of the Symi and Telendos, two of Eletson Gas's vessels (thereby taking ownership), from Eletson Gas in consideration of advancing a purchase option to Eletson Gas and Eletson Holdings; and (B) advance a US$10,000,000 senior loan to Eletson Gas. Pursuant to the terms of the BOL, on March 11, 2022, Eletson Gas transferred its interest in the Symi and Telendos to Levona in the Share Transfer Agreement. Also on March 11, the parties entered into an Intra-Group Loan Agreement, pursuant to which Levona provided to Eletson Gas a loan facility of up to $10,000,000 for a term of up to two years. About four months later, on July 15, 2022, Levona -- purporting to act on behalf of Eletson Gas -- signed a non-binding Letter of Intent with Unigas (the "Unigas LOI"), Eletson Gas's primary competitor, to sell Unigas nine of the Eletson Gas's twelve remaining vessels for $262,000,000. The two Eletson representatives on Eletson Gas's Board of Directors were not consulted before the Unigas LOI was signed and were only informed of the agreement when a Levona representative sent the Unigas LOI to the Company's Board of Directors via email and directed them to accept its terms. The day after the proposed board meeting, on July 29, 2022, Eletson Holdings and Eletson Corp commenced JAMS arbitration proceedings against Levona pursuant to the mandatory arbitration provision of the LLCA. JAMS appointed retired Justice Ariel Belen to act as the sole arbitrator of the dispute. The Petitioners in the arbitration (the Eletson entities) argued that Levona had granted Eletson Gas the Purchase Option, that it had exercised the Option (in their own name) on or about March 11, 2022, and that it had therefore effectuated the buy-out of the Preferred Interests and regained control of the company. Accordingly, they argued that Levona had no authority to sell vessels to Unigas, because Eletson "fully complied with the terms of the buyout purchase option (to the extent that Claimant's compliance was not excused by Levona's conduct)." Levona filed a counterclaim and argued in response that the dispute was controlled by the BOL rather than the LLCA, and that regardless it was Eletson, both Eletson Holdings and Eletson Corp, that had breached the LLCA by not agreeing to fundamental actions while the Loan was outstanding, and by interfering with the sale of the vessels. The arbitration hearing was scheduled to begin on May 15, 2023. Just over a week before the arbitration hearing was set to begin and nearly a year after the arbitration claim was filed, on May 5, 2023, Eletson claimed for the first time that, upon its exercise of the Purchase Option, the Preferred Interests were transferred to three "Cypriot entities by the names of Fentalon, Apargo, and Desimusco" (the "Preferred Nominees," or "Nominees"). On May 10, 2023, shortly after Eletson introduced its claim that it had nominated the Cypriot entities to receive the Preferred Interests and just five days before the arbitration hearing was set to begin, Levona moved to strike Eletson's allegations that the Preferred Interests had been transferred to the Nominees or, in the alternative, to dismiss Eletson's claims in chief. Levona argued that Eletson had improperly alleged that the Preferred Interests had been transferred to the Nominees for the first time on the eve of the hearing, with only specious supporting evidence and in contradiction of its own prior assertions. The arbitration hearing commenced on May 15, 2023, and concluded on May 24, 2023. Ultimately, on September 29, 2023, Justice Belen issued a final award in Eletson's favor, accepting its claims and rejecting Levona's counterclaims. He determined that Eletson Gas had exercised the Purchase Option before March 24, 2022, and herefore obtained the Preferred Interests. To reach that conclusion, he determined that Eletson had paid Levona the Purchase Option Consideration, provided adequate security and/or collateral for the Loan, and provided constructive notice of its intent to exercise the Option. This Court issued an order that confirmed in part and vacated in part the arbitration award on April 19, 2024. The Court accepted Eletson's arguments that the portions of the Award that granted compensatory and punitive damages and attorneys' fees costs, expenses, and pre-judgment interest against Levona and in favor of Eletson, Eletson Gas, and the Nominees could be confirmed. It rejected the argument that relief could be granted against Murchinson and Pach Shemen or for the filing of the involuntary bankruptcy petition or the bondholder litigation. The Court finds Levona has established by clear and convincing evidence that Eletson committed fraud by offering false testimony to the arbitrator that it had given notice and had exercised the Purchase Option on March 11, 2022. Intervenors separately argue that the Court cannot consider the arguments for vacatur because they are time barred, and that Levona is not entitled to equitable tolling. In considering whether to grant Levona leave to file an amended answer and an amended cross-petition to vacate the arbitral award in September of 2024, the Court determined that at this stage, Levona identified sufficient facts to establish extraordinary circumstances and due diligence. It was in fact Eletson's efforts to oppose Levona's receipt and use of the documents that prevented Levona from filing any earlier. The extraordinary circumstances caused Levona's late motion and Levona filed its motion as soon as those circumstances lifted. Intervenors argue that because Levona had access to that recording before the statute of limitations to seek vacatur lapsed, it should have moved to vacate the award on that basis, and that because it did not, it cannot now seek equitable tolling in this case. According to the Court, Eletson had prevented Levona from acquiring that information through its persistent efforts to deny Levona access to them through the bankruptcy proceeding. Had Eletson moved then to dismiss a motion to vacate on the basis of fraud, the Court would have speedily granted the motion without discovery. The Court concludes Levona has demonstrated that no genuine issue of material fact remains as to whether the arbitral award should be vacated -- the evidence is clear and convincing that Eletson committed fraud in the arbitration and on the arbitrator that was material to the result and that Levona could not have discovered even with due diligence. As a result of the fraud, Levona was denied a fair hearing. Levona also has established the basis for equitable tolling. The motion to vacate the arbitral award is therefore granted. A copy of the Court's Opinion and Order dated January 12, 2026, is available at https://urlcurt.com/u?l=VytY0F from PacerMonitor.com. About Eletson Holdings Eletson Holdings Inc. is a family-owned international shipping company, which touts itself as having a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut, and London. At one time, Eletson claimed to own and operate one of the world's largest fleets of medium and long-range product tankers and boasted a fleet consisting of 17 double hull tankers with a combined capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000 cbm. Eletson Holdings, a Liberian company, is Eletson's ultimate parent company and is the direct parent and owner of 100% of the equity interests in the two other debtors, Eletson Finance (US) LLC, and Agathonissos Finance LLC. Eletson and its two affiliates were subject to involuntary Chapter 7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP. On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11 cases. The Honorable John P. Mastando, III is the case judge. Lawyers at Reed Smith represent the Debtors as bankruptcy counsel. Riveron RTS served as the Debtors' Domestic Financial Advisor; Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as Voting Agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Dechert, LLP as its legal counsel and FTI Consulting as the Committee's financial advisors. ELETSON HOLDINGS: Wins Bid to Compel Depositions ------------------------------------------------ The Honorable John P. Mastando II of the United States Bankruptcy Court for the Southern District of New York granted Eletson Holdings Inc.'s Motion to Compel the Entity Judgment Debtors' Depositions in Aid of Judgment Enforcement. On September 22, 2025, this Court entered a judgment in favor of Eletson Holdings, Inc. ("Holdings") against Laskarina Karastamati, Vasilis Hadjieleftheriadis, Konstatinos Chatzieleftheriadis, Ioannis Zilakos, Niki Zilakos, Adrianos Psomadakis-Karastamatis, Eleni Giannakopoulous, Panos Paxinoz, and Emmanel Andreulaks ("Individual Judgment Debtors"); and Family Unity Trust Company, Glafkos Trust Company, Lassia Investment Company, and Elafonissos Shipping Corporation ("Entity Judgment Debtors," and with the Individual Judgment Debtors, "Judgment Debtors"). On October 21, 2025, this Court entered a further judgment in favor of Holdings against the Judgment Debtors, save Laskarina Karastamati. On December 8, 2025, Holdings filed the Motion to Compel the Individual Judgment Debtors' Depositions in Aid of Judgment Enforcement ("Motion to Compel Individuals"). The Motion to Compel Individuals sought to compel the depositions of the Individual Judgment Debtors in furtherance of collecting on the September 22, 2025 and October 21, 2025 Judgments. On December 8, 2025, Holdings also filed the Motion to Compel the Entity Judgment Debtors' Depositions in Aid of Judgment Enforcement ("Motion to Compel Entities"). The Motion to Compel Entities seeks to compel the depositions of the Entity Judgment Debtors in furtherance of collecting on the September 22, 2025 and October 21, 2025 Judgments. In opposition to the Motion to Compel Entities is Lassia Investment Company's, Glafkos Trust Company's, Family Unit Trust Company's, and Elafonissos Shipping Corporation's Opposition to Reorganized Eletson Holdings Inc.'s Motion to Compel the Entity Judgment Debtors' Depositions in Aid of Judgment Enforcement dated December 22, 2025. The Opposition argues that the Entity Judgment Debtors are not parties to the underlying bankruptcy, and that the deposition notices sent to them accordingly failed to comply with Rule 45, as the notices do not include subpoenas, and do not abide by the Rule's geographic requirements (which limit depositions to within 100 miles of where the proposed deponent resides, is employed, or regularly transacts business in person). The Opposition also argues that, even assuming the Entity Judgment Debtors were parties, the deposition notices violated Rule 30, as Holdings issued more than ten deposition notices without stipulation or leave of court. Lastly, the Opposition argues that Holdings failed to serve the Entity Judgment Debtors (as non-parties), as Rule 45 prohibits service of foreign entities overseas, and does not permit a court to allow alternative service such as by emailing counsel. Holdings argues that Rule 45 does not apply, as the Entity Judgment Debtors are themselves the judgment debtors, "not third parties providing information in aid of judgment enforcement against other judgment debtors," and are accordingly parties to the underlying contempt proceedings and the instant post-judgment discovery proceedings. The Court finds that the deposition notices were properly served on the Individual Judgment Debtors and the Entity Judgment Debtors pursuant to the Federal Rules of Civil Procedure. The Court finds that Holdings' deposition notices complied with Rule 30(b). The Court agrees with Holdings, and the Motion to Compel Entities is granted. A copy of the Court's Memorandum Opinion and Order dated January 15, 2026, is available at https://urlcurt.com/u?l=OKRzGl from PacerMonitor.com. About Eletson Holdings Eletson Holdings Inc. is a family-owned international shipping company, which touts itself as having a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut, and London. At one time, Eletson claimed to own and operate one of the world's largest fleets of medium and long-range product tankers and boasted a fleet consisting of 17 double hull tankers with a combined capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000 cbm. Eletson Holdings, a Liberian company, is Eletson's ultimate parent company and is the direct parent and owner of 100% of the equity interests in the two other debtors, Eletson Finance (US) LLC, and Agathonissos Finance LLC. Eletson and its two affiliates were subject to involuntary Chapter 7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP. On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11 cases. The Honorable John P. Mastando, III is the case judge. Lawyers at Reed Smith represent the Debtors as bankruptcy counsel. Riveron RTS served as the Debtors' Domestic Financial Advisor; Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as Voting Agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Dechert, LLP as its legal counsel and FTI Consulting as the Committee's financial advisors. ELIS HOLDINGS: Gets OK to Hire J. Zac Christman as Legal Counsel ---------------------------------------------------------------- Elisa Holdings LLC received approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to hire J. Zac Christman, Esq., an attorney practicing in Stroudsburg, Pa., as counsel. The attorney will render these services: (a) guide the Debtor on compliance with the bankruptcy code, its rights, powers and responsibilities; (b) prepare required applications and motions; (c) file required reports, anticipated defense of contested matters; and (d) prepare and anticipate negotiation of a plan of reorganization. The attorney will be paid at his hourly rate of $300 and paralegal services are billed at $120 per hour. The attorney received a retainer of $3,800. Mr. Christman disclosed in a court filing that he is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The attorney can be reached at: J. Zac Christman, Esq. 538 Main Street, Suite 102 Stroudsburg, PA 18360 Telephone: (570) 234-3960 Email: zac@jzacchristman.com About Elisa Holdings LLC Elisa Holdings LLC operates as a real estate holding entity that owns several residential properties, including single-family homes in Tobyhanna, Pennsylvania, and Princeton, New Jersey, along with a second-floor apartment unit in Edison, New Jersey. It maintains fee-simple ownership of these assets, which collectively have a stated value of about $2.52 million. Elisa Holdings LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 25-03429) on November 28, 2025, listing $2,520,000 in assets and $2,271,397 in liabilities. The petition was signed by Elizabeth Shewdat as sole member. Judge Mark J. Conway presides over the case. J. Zac Christman, Esq. represents the Debtor as counsel. EMERGING ENTERTAINMENT: Seeks Chapter 11 Bankruptcy in Illinois --------------------------------------------------------------- On January 16, 2026, Emerging Entertainment Avondale, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Emerging Entertainment Avondale, LLC Emerging Entertainment Avondale, LLC operates as an entertainment and hospitality company with business interests focused on venue-based or experiential entertainment operations. Emerging Entertainment Avondale, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00726) on January 16, 2026. In its petition, the Debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Jacqueline P. Cox handles the case. The Debtor is represented by Saulius Modestas, Esq., of Modestas Law Offices, P.C. ETEGRA INC: Hires Kelley Kaplan & Eller PLLC as General Counsel --------------------------------------------------------------- Etegra, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Kelley Kaplan & Eller, PLLC as general counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these hourly rates: Attorneys $575 Paralegals $175 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $50,000, which includes the filing fee of $1,738 from the Debtor. Craig Kelley, Esq., an attorney at Kelley Kaplan & Eller, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig I. Kelley, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 Email: bankruptcy@kelleylawoffice.com About Etegra, Inc. Etegra is an architect-engineer firm that provides architecture, engineering, and construction management services primarily for the U.S. Department of Defense and other federal agencies, with additional civil, mechanical, electrical, plumbing, and fire protection engineering work for local public and private clients. Etegra, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24345) on December 4, 2025, listing $436,230 in assets and $6,765,257 in liabilities. The petition was signed by Achyut Kumar Allady as authorized representative of the Debtor. Judge Erik P Kimball presides over the case. Craig I. Kelley, Esq. at KELLY KAPLAN & ELLER, PLLC represents the Debtor as counsel. EXCELL COMMUNICATIONS: Plan Exclusivity Period Extended to Feb. 27 ------------------------------------------------------------------ Judge Louis A. Scarcella of the U.S. Bankruptcy Court for the Eastern District of New York extended Excell Communications, Inc. and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to February 27 and April 17, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that several issues remain unresolved which preclude the Debtors from proposing a plan of reorganization at this time, while the companies have made substantial progress in these cases. The Court's Order (I) Establishing Deadlines for Filing Proofs of Claim, and (II) Approving Form and Manner Thereof (the "Bar Date Order") set August 25, 2025 as the general bar date, and October 13, 2025 as the Governmental Bar Date. The Debtors continue to analyze and review the filed claims, which should facilitate the plan process. The Debtors claim that their main asset is inventory and related equipment. The Debtors and the Committee are working cooperatively to obtain a meaningful value for the inventory and/or a purchaser. As of the date hereof, the parties have not identified a buyer for the assets or settled upon a reasonable value. Accordingly, given the complexity of the issues presented in this case, the Debtors have demonstrated good faith progress towards reorganization and reasonable prospects for filing a viable Plan. The Debtors submit that cause exists to grant the proposed further extension of the Exclusivity Period. The Debtors believe that it is essential and therefore beneficial to the estates and their creditors that the Debtors be afforded the time necessary in an environment where the Debtors are not distracted with the concomitant threat of competing plans, unproductive confrontations and the increasing administrative costs associated therewith. Counsel to the Debtors: Michael Amato, Esq. FORCHELLI DEEGAN TERRANA LLP 333 Earle Ovington Blvd., Suite 1010 Uniondale, NY 11553 Tel: (516) 812-6291 E-mail: mamato@forchellilaw.com About Excell Communications Excell Communications, Inc., filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-71444) on April 14, 2025. Judge Louis A Scarcella presides over the case. Michael S Amato, at Ruskin Moscou Faltisckek PC, is the Debtor's counsel. FAT BRANDS: May File for Bankruptcy Protection ---------------------------------------------- Daniel Kline of The Street reports that FAT Brands Inc., operator of Johnny Rockets, Ponderosa Steakhouse, Great American Cookie, and Twin Peaks, disclosed in its 10-K filing that it faces potential bankruptcy risk. The company received an acceleration notice from UMB Bank, acting as trustee under a subsidiary's secured note indenture, which demanded immediate repayment of $158.9 million in principal. The filing noted that similar default notices were issued to four other subsidiaries, highlighting the scope of the financial issues within the company's complex corporate structure. FAT Brands' total debt of $1.26 billion is divided among five securitization trusts and is not guaranteed by the parent company. This structure allows the firm to potentially pursue Chapter 11 protection for individual brands or subsidiaries, rather than a company-wide filing. The decentralized debt arrangement has made restructuring challenging, as approximately 25 note holders have yet to agree on a unified solution, the report states. CEO Andy Wiederhorn, cleared of past legal charges, said the company maintains $60 million in free cash flow and remains operationally stable. He emphasized that an affordable debt restructuring is essential, urging note holders to reach a resolution quickly to avoid further complications. About Fat Brands Fat Brands is the operator of Johnny Rockets, Ponderosa Steakhouse, Great American Cookie, and Twin Peaks. FIREHOUSE GRILL: Case Summary & 17 Unsecured Creditors ------------------------------------------------------ Debtor: Firehouse Grill Inc. d/b/a Firehouse Grill, Candelite Frozen Pizza, Stix N Stuff, Etown Burger, asa Fuego Tacos 750 Chicago Avenue Evanston, IL 60202 Business Description: Firehouse Grill operates a casual American bar and grill restaurant at 750 Chicago Avenue in Evanston, Illinois. The restaurant serves a menu of American comfort food, including char-grilled burgers, Detroit-style pizzas, sandwiches, salads, shareable starters, craft beers, wine and cocktails, in a historic former firehouse setting with indoor and outdoor dining. The business also offers dine-in, carryout, delivery, catering services, and event space for private functions. Chapter 11 Petition Date: January 20, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-00903 Debtor's Counsel: Scott R. Clar, Esq. CRANE, SIMON, CLAR & GOODMAN Suite 3950 135 South LaSalle Street Chicago, IL 60603-4297 Tel: 312-641-6777 Fax: 312-641-7114 Email: sclar@cranesimon.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million George P. Fowler signed the petition as president. A full-text copy of the petition, which includes a list of the Debtor's 17 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NKNB7EI/Firehouse_Grill_Inc__ilnbke-26-00903__0001.0.pdf?mcid=tGE4TAMA FIREXO CORP: Firexo Inc. Wants Skutch Arlow as Receiver ------------------------------------------------------- Firexo Inc. asks the U.S. District Court for the Northern District of Ohio, Western Division, to appoint The Skutch Arlow Group, LLC, to serve without bond as receiver for the estate of Firexo Corporation. The Court has entered a default judgment against Firexo Group, awarding approximately $4 million in breach-of-contract, tort, and punitive damages, as well as attorney's fees. Firexo Inc. asserts the appointment of a receiver in this action is necessary and appropriate for the purposes of marshaling and preserving all assets of Defendant Firexo Corporation and its subsidiaries, and applying those assets toward satisfaction of the Court's monetary judgment. Firexo Inc. also asks the Court to declare that all Receivership Assets are frozen until further court order. Firexo Inc. says the Receiver may retain Goranson, Parker & Bella Co, LPA as legal counsel. The Receiver will charge $300 per hour for its professionals and $100 per hour for administrative assistance from the Receiver's staff. All Quarterly Fee Applications will be reviewed by the parties of record and by the Court. Any objections to the same shall be filed as required by the Federal Rules of Civil Procedure and any applicable Local Rules of Practice of the Northern District of Ohio, Western Division. The Court shall rule on any objections in the ordinary course. All fees and costs requested shall be subject to the Court's review and to the discretion of the Court. Firexo Inc. says the Receiver should be authorized, without further court order, to take any and all actions and perform any and all things relating to the operation of the receivership entities as permitted by law, so long as the same is not in conflict with this Court's orders. About Firexo Corporation Firexo specializes in the development and distribution of innovative fire extinguishing solutions. Firexo Corp. was slapped with a receivership request in a contract dispute captioned as Firexo Inc. v Firexo Group Limited and Firexo Corporation, Case No. 3:21-cv-02336 (N.D. Ohio), before the Hon. Jack Zouhary. The contract dispute was originally before the Ottawa County Court of Common Pleas, case number 2021-CV-H 339, and was later removed to the federal district court on Dec. 13, 2021. Defendant Firexo Group Limited is represented by: Jason J. Blake, Esq. Calfee, Halter & Griswold - Columbus Tel: (614) 621-7789 E-mail: jblake@calfee.com - and - Gretchen L. Jewell, Esq. Calfee, Halter & Griswold - Columbus Tel: (614) 621-1500 E-mail: gjewell@calfee.com - and - Gretchen L. Whaling, Esq. Calfee, Halter & Griswold - Columbus Tel: 614-621-1500 F-mail: gwhaling@calfee.com - and - John F. Fisher, Esq. Calfee Halter & Griswold Tel: (614) 621-7751 E-mail: jfisher@calfee.com Plaintiff Firexo, Inc. is represented by: Paul T. Belazis, Esq. Malone, Ault & Farell Tel: (419) 843-1333 E-mail: belazis@maf-law.com - and - Richard R. Malone, Esq. Malone, Ault & Farell Tel: (419) 843-1333 E-mail: malone@maf-law.com FLIPCAUSE INC: Court Orders Appointment of Chapter 11 Trustee ------------------------------------------------------------- A U.S. bankruptcy judge ordered the appointment of an independent trustee in the Chapter 11 case of Flipcause Inc. Judge Thomas Horan of the U.S. Bankruptcy Court for the District of Delaware issued an order directing the U.S. Trustee for Region 3, which oversees the company's bankruptcy case, to appoint a Chapter 11 trustee to take over the case. The court order followed the filing of a motion by the California Attorney General seeking Chapter 11 trustee appointment or, in the alternative, conversion of the case to one under Chapter 7. In his motion, the Attorney General accused the company of mismanagement and commingling of funds, dishonesty, self-dealing, and potential fraud. The Attorney General cited last month's testimony from Flipcause's executive chairman, alleging gross mismanagement -- if not fraud -- that poses a present risk of harm to the company's more than 3,200 charity clients. 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 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 listed between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Judge Thomas M. Horan handles the case. The Debtor is represented by Ronald S. Gellert, Esq., at Gellert Seitz Busenkell & Brown, LLC. FLOOF LLC: Gets Extension to Access Cash Collateral --------------------------------------------------- Floof, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral. The court authorized the Debtor to use cash collateral to fund its operations through the next hearing scheduled for January 27. This cash collateral includes cash, deposit accounts, receivables, post-petition revenues, and card or ACH settlements in which a creditor asserts an interest. The Debtor's use of cash collateral is strictly limited to the supplemental budget, with a permitted variance of up to 10% by line item and in the aggregate. Continued use beyond the interim period will be subject to further court order following the January 27 hearing. As adequate protection, creditors that may hold interests in the cash collateral will be granted replacement liens on post-petition property, maintaining the same priority and extent as their pre-bankruptcy liens. These creditors include merchant cash advance and financing entities -- Everest Business Funding, Rapid, CFG Merchant Solutions, Forward Financing, Silverline Services, Velocity Capital Group, and Kanmon, Inc. The order preserves all parties' rights regarding lien validity, priority, enforceability, and adequacy of protection. About Floof LLC Floof, LLC operates a pet grooming business. Floof, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-05356) on December 19, 2025, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Glen Watson, Esq., at Watson Law Group, PLLC serves as Subchapter V trustee. Judge Randal S. Mashburn presides over the case. Keith L. Edmiston, Esq. at Edmiston Law Firm, PLLC represents the Debtor as bankruptcy counsel. FLOW HEALTH: Seeks Chapter 7 Bankruptcy in California ----------------------------------------------------- On January 15, 2026, Flow Health Services LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About Flow Health Services LLC Flow Health Services LLC provides healthcare-related services, including operational and support solutions for medical providers. The company focuses on delivering health services and related administrative functions within its market. Flow Health Services LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10112) on January 15, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Scott C. Clarkson handles the case. The Debtor is represented by Michael S. Kogan, Esq. of Kogan Law Firm, APC. FORT STOCKTON TOWING: Seeks Chapter 11 Bankruptcy in Texas ---------------------------------------------------------- Fort Stockton Towing and Truck Tires, LLC commenced a voluntary Chapter 11 bankruptcy case on January 15, 2026, in the Western District of Texas. Court records indicate the Debtor has between $0 and $100,000 in liabilities owed to 1–49 creditors. About Fort Stockton Towing and Truck Tires, LLC Fort Stockton Towing and Truck Tires, LLC operates a towing and truck tire service business supporting commercial and individual motorists. Fort Stockton Towing and Truck Tires, LLC filed for protection under Chapter 11 of the U.S. Bankruptcy Code on January 15, 2026 (Case No. 26-70016). The bankruptcy petition lists assets estimated at $0 to $100,000 and liabilities in the same range. Honorable Bankruptcy Judge Shad M. Robinson is assigned to the case. The Debtor is represented by Herbert C. Shelton II, Esq. of Hayward PLLC. FOUNDATION WERKS: Hires Offit Kurman P.A. as Bankruptcy Counsel --------------------------------------------------------------- Foundation Werks, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Offit Kurman, P.A. as its bankruptcy counsel. The firm will render these services: a. serve as counsel of record for the Debtor in all legal aspects of this Bankruptcy Case, including without limitation, the prosecution of actions on behalf of the Debtor; b. prepare pleadings in connection with the Bankruptcy Case; and c. appear before the Court to represent the interests of the Debtor in connection with the Bankruptcy Case. The firm will be paid at these hourly rates: Principals $650 Associates and Counsel $400 to $600 Paraprofessionals $175 In addition, the firm will seek reimbursement for expenses incurred. The firm received $5,000 of the required $20,000 retainer. Frances Smith, a principal at Offit Kurman, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Frances A. Smith, Esq. Honest Kapic, Esq. OFFIT KURMAN, P.A. 700 North Pearl Street, Suite 1610 Dallas, TX 75201 Telephone: (214) 377-7879 Facsimile: (214) 377-9409 Email: frances.smith@offitkurman.com Email: honest.kapic@offitkurman.com About Foundation Werks LLC Foundation Werks, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Texas Case No. 25-43573) on November 25, 2025, with $100,001 to $500,000 in assets and liabilities. Frances A. Smith, Esq. at Offit Kurman, P.A. represents the Debtor as counsel. FRATELLI CONSTRUCTION: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------------------- On January 09, 2026, Fratelli Construction Clean Up, Inc. initiated a Chapter 7 bankruptcy case in the Northern District of California bankruptcy court. According to court records, the Debtor reports $100,001 to $1,000,000 in outstanding debt owed to between 1 and 49 creditors. About Fratelli Construction Clean Up, Inc. Fratelli Construction Clean Up, Inc. is engaged in providing construction and post-construction clean-up services to contractors and developers. Fratelli Construction Clean Up, Inc. filed for relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30023) on January 09, 2026. The petition lists estimated assets of $100,001 to $1,000,000 and estimated liabilities in the same range. The matter is before Honorable Bankruptcy Judge Dennis Montali. The Debtor is represented by Mario Blanco, Esq., Blanco Law, P.C. FREIGHT TECHNOLOGIES: ATW Partners and Affiliates Hold 9.99% Stake ------------------------------------------------------------------ ATW Partners LLC and affiliated entities -- DIP SPV I, L.P., ATW Fund I, L.P., Kerry Propper, and Antonio Ruiz-Gimenez -- disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of December 31, 2025, they beneficially own 184,309 shares of common stock (issuable upon exercise/conversion of Series C Preferred Stock held by DIP SPV I, L.P. (wholly owned by ATW Fund I, L.P.), subject to a 9.99% beneficial ownership blocker preventing ownership in excess of 9.99% upon conversion; ATW Partners LLC serves as investment manager to the Fund, with Kerry Propper and Antonio Ruiz-Gimenez as control persons) of Freight Technologies, Inc.'s ordinary shares, no par value, representing 9.9% of the class (calculated giving effect to the blocker and based on outstanding shares plus the shares acquirable subject to the blocker). ATW Partners LLC may be reached through: Kerry Propper, Managing Member of the General Partner 1 Pennsylvania Plaza, Suite 4810 New York, NY 10119 Tel: 646-975-5541 A full-text copy of ATW Partners LLC's SEC report is available at: https://tinyurl.com/3besjcdr About Freight Technologies, Inc. Freight Technologies (Nasdaq: FRGT) is a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem. Diamond Bar, California-based TAAD, LLP, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 11, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has suffered recurring losses from operations that raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $12,201,412 million in total assets, $5,917,313 in total liabilities, and $6,284,099 in total stockholders' equity. GLOBAL CONCESSIONS: Seeks to Extend Plan Exclusivity to January 30 ------------------------------------------------------------------ Global Concessions Inc., asked the U.S. Bankruptcy Court for the Northern District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to January 30 and March 31, 2026, respectively. This Motion is the Debtor's third request for an extension of the Exclusivity Periods, and the request will not unfairly prejudice or pressure the Debtor's creditor constituencies or grant the Debtor any unfair bargaining leverage. The Debtor needs creditor support to confirm any plan, so the Debtor is in no position to impose or pressure its creditors to accept unwelcome plan terms. The Debtor seeks an extension of the Exclusivity Periods to advance the case and continue good faith negotiations with its stakeholders. The Debtor asserts that premature termination of the Exclusivity Periods may engender duplicative expense and litigation associated with multiple competing plans. Any litigation with respect to competing plans and resulting administrative expenses will only decrease recoveries to the Debtor's creditors and significantly delay, if not undermine entirely, the possibility of prompt confirmation of a plan of reorganization. The Debtor further asserts that given the consequences for its estate if the relief requested herein is not granted and the substantial progress made to date, the requested extension of the Exclusivity Periods will not prejudice the legitimate interests of any party in interest in this case. Rather, the extension will further the Debtor's efforts to preserve value and avoid unnecessary and wasteful litigation. Global Concessions Inc. is represented by: Benjamin Keck, Esq. Jonathan Clements, Esq. Keck Legal, LLC 2801 Buford Highway NE, Suite 115 Atlanta, GA 30329 Tel: (470) 826-6020 Email: bkeck@kecklegal.com About Global Concessions, Inc. Global Concessions Inc., established in 1990 and headquartered in Atlanta, Georgia, specializes in operating food and beverage concessions, primarily within major transportation hubs across the United States. The Company has expanded its portfolio to include a diverse range of dining experiences, from quick-service partnerships with renowned brands like IHOP Express, Ben & Jerry's, and Nathan's Famous, to unique, stand-alone restaurants such as Sweet Georgia's Juke Joint and One Flew South. Global Concessions Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-53640) on April 2, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million. The Debtor tapped Benjamin Keck, Esq., at Keck Legal, LLC as counsel and GlassRatner Advisory & Capital Group, LLC, doing business as B. Riley Advisory Services, as restructuring advisor. GRE DOWNTOWNER: Freddie Mac Wants Trigild as Receiver ----------------------------------------------------- Federal Home Loan Mortgage Association (Freddie Mac) filed a stipulated motion with the U.S. District Court for the Western District of Washington, seeking the appointment of Trigild IV, LLC as receiver to take possession of the real property located at 308 4th Avenue South, Seattle, WA 98104. GRE Downtowner LLC, a Washington limited liability company, has stipulated to the appointment of a receiver. Freddie Mac is a government-sponsored enterprise chartered by Congress and organized and existing under the laws of the United States, with its principal place of business in McLean, Virginia. Under its federal statutory charter, Freddie Mac has a public mission to provide liquidity, stability, and affordability to the U.S. housing market, including the market for quality, affordable rental housing. The Federal Housing Finance Agency (FHFA) has represented to Freddie Mac that FHFA supports the appointment of a receiver. However, FHFA has reserved its rights as to any other or different terms for the appointment of a receiver that have not been approved explicitly by FHFA in advance. Pursuant to a Trust Indenture dated as of June 1, 2012 with U.S. Bank National Association as Trustee, the Washington State Housing Finance Commission issued Multifamily Housing Revenue Bonds (Downtowner Apartment Project), series 2012 in the amount of $24 million. The proceeds of the Bonds were used to acquire a mortgage loan made by East West Bank to the Borrower pursuant to a Mortgage Loan Origination and Financing Agreement, evidenced by a Bond Mortgage Note in the face amount of $24 million, with a stated maturity date of July 1, 2030. The Borrower's obligations under the Financing Agreement and the Bond Mortgage Note are secured by a First Multifamily Deed of Trust, Assignment of Rents, and Security Agreement concerning the Property. To ensure the payment of amounts under the Financing Agreement sufficient to cover certain principal and interest payments on the Bonds, Freddie Mac and the Trustee entered into a Credit Enhancement Agreement dated as of June 1, 2012. Freddie Mac and GRE Downtowner are parties to a Reimbursement and Security Agreement dated as of June 1, 2012. Pursuant to the Reimbursement Agreement, the Borrower agreed to reimburse Freddie Mac for any payments that it made under the Credit Enhancement Agreement. Freddie Mac says the Borrower defaulted under the Reimbursement Agreement and the Reimbursement Deed of Trust by, among other things, failing to pay outstanding amounts due under the Reimbursement Agreement, plus late charges, default interest, attorneys' fees, and costs and expenses accrued to date. Interest, costs, expenses, late charges, and other fees and costs continue to accrue under the terms of the Reimbursement Agreement and the Reimbursement DOT, including, without limitation, Freddie Mac's attorneys' fees and costs and expenses. As of September 30, 2025, the outstanding aggregate amount due from Borrower to Freddie Mac under the Reimbursement Agreement was $6.9 million. GRE Downtowner's obligations to Freddie Mac under the Reimbursement Agreement are secured by a Second Multifamily Deed of Trust, Assignment of Rents and Security Agreement dated June 1, 2012, and concerning the Property. Freddie Mac contends Trigild has extensive experience as a receiver for commercial and residential real estate projects. Freddie Mac notes the Court has broad discretion in determining whether to appoint a receiver, and no precise formula exists for making that determination. Nevertheless, "federal courts consider a variety of factors," including, for example: (1) whether the party seeking the appointment has a valid claim; (2) whether there is fraudulent conduct or the probability of fraudulent conduct, by the defendant; (3) whether the property is in imminent danger of being lost, concealed, injured, diminished in value, or squandered; (4) whether legal remedies are inadequate; (5) whether the harm to the plaintiff by the denial of the appointment would outweigh injury to the party opposing the appointment; (6) the plaintiff's probable success in the action and the possibility of irreparable injury to the plaintiff's interest in the property; and, whether the plaintiff's interests sought to be protected will, in fact, be well-served by receivership. Freddie Mac asserts that when the relevant factors are applied here, they strongly support the appointment of a receiver over the Property. Freddie Mac says it has established the undisputed validity of its claim against the Defendant and its interest in the Property and the rents generated therefrom by virtue of the Reimbursement Agreement, the Reimbursement DOT, and the other Loan Documents. Moreover, the value of Freddie Mac's interest in the Property (which is second in priority to the $24 million Bond DOT) is in danger of being lost or materially injured or impaired by, among other things, the Defendant's apparent inability to pay bills for operation and maintenance of the Property. Upon information and belief, the Property does not generate sufficient income to cover its operational costs, and the Borrower's principals are no longer willing to inject appropriate capital into the Borrower to cover the Property's anticipated operational shortfalls. Finally, the Defendant's consent to the appointment of a receiver over the Property is a strong factor weighing in favor of the appointment. The Defendant evidenced its consent through the Reimbursement DOT as well as through its stipulation to this Motion. This Motion should be allowed accordingly. Freddie Mac also asks the Court to waive the bond requirement or set a nominal bond. About GRE Downtowner LLC GRE Downtowner LLC, a Washington limited liability company that owns and operates an apartment building located in Seattle, Washington. GRE is facing a receivership case captioned as Federal Home Loan Mortgage Association v. GRE Downtowner LLC, Case No. 2:26-cv-00176 (W.D. Wash.). The case was filed on Jan. 16, 2026. Attorneys for Plaintiff Federal Home Loan Mortgage Association are: Andrew R. Escobar, Esq. Wendy M. Feng, Esq. SEYFARTH SHAW LLP 999 Third Avenue, Suite 4700 Seattle, WA 98104-4041 Tel: (206) 946-4910 Email: aescobar@seyfarth.com wfeng@seyfarth.com - and - Peter J. Roberts, Esq. Jason DeJonker, Esq. SEYFARTH SHAW LLP 233 S. Wacker Drive, Suite 8000 Chicago, IL 60606-6448 Tel: (312) 460-5000 Email: pjroberts@seyfarth.com jdejonker@seyfarth.com GRE Downtowner LLC is represented by: Mike D. Kuntz, Esq. Bryan T. Glover, Esq. STOEL RIVES LLP 600 University Street, Suite 3600 Seattle, WA 98101 Tel: (206) 386-7635 E-mail: mike.kuntz@stoel.com bryan.glover@stoel.com GREEN TREE: Court Extends Cash Collateral Access to Feb. 24 ----------------------------------------------------------- Green Tree, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. The court issued a second interim order authorizing the Debtor to use cash collateral through February 24, subject to its budget and an aggregate variance of up to 10% per line item, unless otherwise agreed by the lien claimants. The order expressly preserves all contractual and legal rights of both the Debtor and the secured creditors. The secured creditors with liens on the cash collateral include the U.S. Small Business Administration, The Huntington National Bank, Square Financial Services, Inc., and any other unknown lien claimants. As adequate protection, the court granted these lien claimants post-petition replacement liens. These replacement liens attach to the Debtor's post-petition cash collateral and other property of the same or substantially equivalent type as the lien claimants' pre-bankruptcy collateral, and they retain the same relative priority held before bankruptcy. A further hearing is scheduled for February 23. About Green Tree LLC Green Tree, LLC, doing business as X-Golf Glenview and X-Golf South Loop, operates indoor golf entertainment venues offering simulator-based golf play, instruction, leagues, and private events, serving customers in Glenview, Illinois, and Chicago, Illinois, and operates within the amusement and recreation services industry. Green Tree filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-19313) on December 17, 2025, with $1 million to $10 million in assets and liabilities. James Joeng, member, signed the petition. Judge Michael B. Slade presides over the case. Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the Debtor as legal counsel. GURINO HOUSING: Jolene Wee Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Jolene Wee of JW Infinity Consulting, LLC as Subchapter V trustee for Gurino Housing 1, LLC. Ms. Wee will be compensated at $660 per hour for work performed in 2026. In addition, the Subchapter V trustee will receive reimbursement for work-related expenses incurred. Ms. Wee declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jolene E. Wee JW Infinity Consulting, LLC 447 Broadway 2nd Fl #502 New York, NY 10013 Telephone: (929) 502-7715 Facsimile: (646) 810-3989 Email: jwee@jw-infinity.com About Gurino Housing 1 LLC Gurino Housing 1, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Md. Case No. 26-10443) on January 14, 2026, with $100,001 to $500,000 in assets and liabilities. Judge David E. Rice presides over the case. Gary S. Poretsky, Esq., at The Law Offices of Gary S Poretsky, LLC represents the Debtor as legal counsel. H.I.P. PICTURES: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------------- On January 15, 2026, H.I.P. Pictures, Inc. filed for Chapter 7 protection in the Central District of California. According to the court filing, the debtor reports between $100,001 and $1 million in debt owed to 1-49 creditors. About H.I.P. Pictures, Inc. H.I.P. Pictures, Inc. is a media and entertainment company engaged in film and video production. H.I.P. Pictures, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10358) on January 15, 2026. In its petition, the debtor reported estimated assets in the range of $0-$100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Scott C. Clarkson is handling the case. The debtor is represented by legal counsel. HALE O ENTERPRISES: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------------- Hale O Enterprises LLC initiated Chapter 7 bankruptcy proceedings on January 16, 2026, in the Western District of Texas. According to court records, the Debtor lists assets and liabilities each totaling between $0 and $100,000 and reports 1–49 creditors. About Hale O Enterprises LLC Hale O Enterprises LLC operates as a privately held company involved in general business and enterprise management. The company conducts day-to-day operations in its respective industry sector. The company sought protection under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70018). The filing reflects estimated assets and liabilities both in the $0 to $100,000 range. Honorable Bankruptcy Judge Shad M. Robinson handles the caase. The Debtor is represented by Paul Culpepper, Esq. of Culpepper Law Group, P.C. HANSEN-MUELLER CO: Comm. Taps FTI Consulting as Financial Advisor ----------------------------------------------------------------- The official committee of unsecured creditors of Hansen-Mueller Co. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to employ FTI Consulting, Inc. as its financial advisors. The firm's services include: -- assistance in the review of financial related disclosures required by the Court, including the Schedules of Assets and Liabilities, the Statement of Financial Affairs and Monthly Operating Reports; -- assistance in the preparation of analyses required to assess any proposed Debtor-In-Possession (DIP) financing or use of cash collateral; -- assistance with the assessment and monitoring of the Debtor's short term cash flow, liquidity, and operating results; -- assistance with the review of the Debtor's proposed employee compensation and benefits programs; -- assistance with the review of the Debtor's potential disposition or liquidation of both core and non-core assets; -- assistance with the review of the Debtor's cost/benefit analysis with respect to the affirmation or rejection of various executory contracts and leases; -- assistance with the review of the Debtor's identification of potential cost savings, including overhead and operating expense reductions and efficiency improvements; -- assistance in the review and monitoring of the asset sale process, including, but not limited to an assessment of the adequacy of the marketing process, completeness of any buyer lists, review and quantifications of any bids; -- assistance in the review of financial related disclosures required by the Court, including the Schedules of Assets and Liabilities, the Statement of Financial Affairs and Monthly Operating Reports; -- assistance in the preparation of analyses required to assess any proposed Debtor-In-Possession (DIP) financing or use of cash collateral; -- assistance with the assessment and monitoring of the Debtor's short term cash flow, liquidity, and operating results; -- assistance with the review of the Debtor's proposed employee compensation and benefits programs; -- assistance with the review of the Debtor's potential disposition or liquidation of both core and non-core assets; -- assistance with the review of the Debtor's cost/benefit analysis with respect to the affirmation or rejection of various executory contracts and leases; -- assistance with the review of the Debtor's identification of potential cost savings, including overhead and operating expense reductions and efficiency improvements; -- assistance in the review and monitoring of the asset sale process, including, but not limited to an assessment of the adequacy of the marketing process, completeness of any buyer lists, review and quantifications of any bids; -- assistance with review of any tax issues associated with, but not limited to, claims/stock trading, preservation of net operating losses, refunds due to the Debtor, plans of reorganization, and asset sales; -- assistance in the review of the claims reconciliation and estimation process; -- assistance in the review of other financial information prepared by the Debtor, including, but not limited to, cash flow projections and budgets, business plans, cash receipts and disbursement analysis, asset and liability analysis, and the economic analysis of proposed transactions for which Court approval is sought; -- attendance at meetings and assistance in discussions with the Debtor, potential investors, banks, other secured lenders, the Committee and any other official committees organized in these chapter 11 proceedings, the U.S. Trustee, other parties in interest and professionals hired by the same, as requested; -- assistance in the review and/or preparation of information and analysis necessary for the confirmation of a plan and related disclosure statement in this chapter 11 proceeding; -- assistance in the evaluation and analysis of avoidance actions, including fraudulent conveyances and preferential transfers; -- assistance in the prosecution of Committee responses/objections to the Debtor's motions, including attendance at depositions and provision of expert reports/testimony on case issues as required by the Committee; and -- provision of such other general business consulting or such other assistance as the Committee or its counsel may deem necessary that are consistent with the role of a financial advisor and not duplicative of services provided by other professionals in this proceeding. The firm's customary hourly rates are: Senior Managing Directors $1,270 - 1,580 Directors / Senior Directors / Managing Directors $940 - 1,195 Consultants/Senior Consultants $535 - 850 Administrative / Paraprofessionals $195 - 395 Narendra Ganti, a managing director with FTI Consulting, Inc., assured the court that the firm is a "disinterested person" as defined in Bankruptcy Code section 101(14). The firm can be reached through: Narendra Ganti FTI Consulting, Inc. 8251 Greensboro Drive McLean, VA 22102 Tel: (571) 830-1029 Email: narendra.ganti@fticonsulting.com About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen PC, LLO as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. HANSEN-MUELLER CO: Committee Taps Lally Legal Group as Attorney --------------------------------------------------------------- The official committee of unsecured creditors of Hansen-Mueller Co. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to employ Lally Legal Group, LLC as its attorneys. The firm's services include: (a) advising the Committee on its duties; (b) attending meetings and negotiating with debtor representatives and other parties in interest, and advising and consulting on the conduct of the Case; (c) taking appropriate action to protect and preserve assets, including conducting an investigation of potential claims and causes of action and litigating such claims and causes of action; (d) preparing motions, applications, answers, orders, objections, reports, papers and other pleadings necessary to carry out the Committee's duties; (e) appearing before the Bankruptcy Court or other courts to assert or protect the interests of unsecured creditors; and (f) performing other legal services for the Committee that may be necessary and proper in connection with this Case. The firm will bill these rates: Elizabeth M. Lally $425 per hour Associates $380 per hour Paralegals $150 per hour As disclosed in the court filings,Lally Legal Group is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The firm can be reached through: Elizabeth M. Lally, Esq. Lally Legal Group, LLC 12020 Shamrock Plaza Suite 200 Omaha, NE 68154 Phone: (402) 778-4840 Email: elally@lally-legal.com About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen P.C., L.L.O. as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. HANSEN-MUELLER CO: Committee Taps Thompson Coburn as Lead Counsel ----------------------------------------------------------------- The official committee of unsecured creditors of Hansen-Mueller Co. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to employ Thompson Coburn LLP as its lead counsel. The firm's services include: a. rendering legal advice to the Committee with respect to its duties and powers in these Chapter 11 Cases; b. assisting the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtor, the operation of the Debtor's business, the desirability of continuance of such business, and any other matters relevant to these Chapter 11 Cases or to the business affairs of the Debtor; c. advising the Committee with respect to any proposed sale of the Debtor's assets or a sale of the Debtor's business operations and any other relevant matters; d. advising the Committee with respect to any proposed plan of reorganization or liquidation and the prosecution of claims against third parties, if any, and any other matters relevant to the case or to the formulation of a plan of reorganization or liquidation; e. assisting the Committee in requesting the appointment of a trustee or examiner pursuant to section 1104 of the Bankruptcy Code, if necessary and appropriate; and f. performing such other legal services, which may be required by, and which are in the best interests of, the unsecured creditors, which the Committee represents. The firm's current prevailing rates are: Partners $550 to $1,410 per hour Attorneys $475 to $1,315 per hour Associates $355 to $720 per hour Law Clerks $240 to $400 per hour As required by the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases, Effective November 1, 2013 (the "UST Guidelines"), TC responds to the questions set forth in Section D.1 of the UST Guidelines as follows: (a) As noted in paragraph 7 above, TC agreed to a variation of its standard or customary billing arrangement for the two senior bankruptcy partners for this engagement; (b) None of the professionals included in this engagement have varied their rate based on the geographic location of these chapter 11 cases; (c) TC did not represent the Committee prior to the Petition Date; and (d) TC is in the process of preparing a proposed staffing plan and budget for approval by the Committee. The TC attorneys and paraprofessionals staffed will be working on this case, subject to modification depending on further development, and their current hourly rates are as follows: 2025 2026 Mark T. Power, Senior Partner $1,290 $995 Mark Indelicato, Senior Partner $1,290 $995 Joseph Orbach, Partner $860 $860 Jacob T. Schwartz, Sr. Associate $640 $640 Aleksandra Abramova, Associate $530 $530 Emaan Choudhry, Law Clerk $440 $440 David Reinhart, Paralegal $385 $385 As disclosed in the court filings, Thompson Coburn LLP is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph Orbach, Esq. Thompson Coburn LLC 488 Madison Ave. New York, NY 10022 Direct: (212) 478-7396 Cell: (646) 942-2462 Email: jorbach@thompsoncoburn.com About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen P.C., L.L.O. as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. HANSEN-MUELLER CO: Committee Taps Thompson Coburn as Lead Counsel ----------------------------------------------------------------- The official committee of unsecured creditors of Hansen-Mueller Co. seeks approval from the U.S. Bankruptcy Court for the District of Nebraska to employ Thompson Coburn LLP, as its lead counsel. The firm's services include: a. rendering legal advice to the committee with respect to its duties and powers in the Debtor's Chapter 11 cases; b. assisting the committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtors, the operation of the Debtors' business, the desirability of continuance of such business, and any other matters relevant to the Debtors' bankruptcy cases or business affairs; c. advising the committee with respect to any proposed sale of the Debtors' assets or business operations and any other relevant matters; d. advising the committee with respect to any proposed plan of reorganization or liquidation, the prosecution of claims against third parties, and any other matters relevant to the cases or to the plan; e. assisting the committee in requesting the appointment of a trustee or examiner, if necessary; and f. providing other necessary legal services. The firm will be paid at these rates: Partners $550 to $1,410 per hour Associates and Counsel $355 to $720 per hour Paralegals $240 to $400 per hour As a courtesy, Thompson agreed to provide the Committee with a discount of 23 percent off of the standard hourly rates of senior bankruptcy partners, Mark Power and Mark Indelicato, in order to bring their effective hourly rate to slightly below $1,000. In addition, the firm will receive reimbursement for out-of-pocket expenses incurred. As required by the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. Sec. 330 by Attorneys in Larger Chapter 11 Cases, Effective November 1, 2013 (the UST Guidelines), TC responds to the questions set forth in Section D.1 of the UST Guidelines as follows: (a) As noted in paragraph 7 above, Thompson agreed to a variation of its standard or customary billing arrangement for the two senior bankruptcy partners for this engagement; (b) None of the professionals included in this engagement have varied their rate based on the geographic location of these chapter 11 cases; (c) Thompson did not represent the Committee prior to the Petition Date; and (d) Thompson is in the process of preparing a proposed staffing plan and budget for approval by the Committee. The TC attorneys and paraprofessionals staffed will be working on this case, subject to modification depending on further development, and their current hourly rates are as follows: 2025 2026 Mark T. Power, Senior Partner $1,290 $995 Mark Indelicato, Senior Partner $1,290 $995 Joseph Orbach, Partner $860 $860 Jacob T. Schwartz, Sr. Associate $640 $640 Aleksandra Abramova, Associate $530 $530 Emaan Choudhry, Law Clerk $440 $440 David Reinhart, Paralegal $385 $385 Mark Power, Esq., a partner at Thompson, disclosed in a court filing that his firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark T. Power, Esq. Thompson Coburn Hahn & Hessen, LLP 488 Madison Avenue New York, NY 10022 Tel: (212) 478-7350 Email: mpower@thompsoncoburn.com About Hansen-Mueller Co. Hansen-Mueller Co. is a nationwide agribusiness company headquartered in Omaha, Nebraska, engaged in grain merchandising and processing with a diversified platform spanning the central United States, including nine grain elevators, four port terminals, and an oats processing facility producing pet food and animal feeds in Toledo, Ohio. The Company operates four complementary business units -- Oat Trading, Wheat Merchandising, Cross-Country Trading, and a Houston Joint Venture -- and maintains grain trading offices in multiple states, supported by a private railcar fleet and multi-modal transportation network for domestic and international flows. Founded in 1979, Hansen-Mueller employs approximately 120 people across its operations in the U.S. and conducts business in 44 states and 24 countries, focusing on niche crops, international trade, and vertically integrated processing. Hansen-Mueller Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 25-81226) on November 17, 2025. In its petition, the Debtor reported between $100 million and $500 million in assets and liabilities. Honorable Bankruptcy Judge Thomas L. Saladino handles the case. The Debtor tapped Brian J. Koenig, Esq., Donald L. Swanson, Esq., and Trevor J. Lee, Esq., at Koley Jessen PC, LLO as bankruptcy counsel; Silverman Consulting as restructuring advisor; Michael G. Compton as chief restructuring officer and financial advisor; and Ascendant Consulting Partners, LLC as investment banker. The Debtor's notice, claims and solicitation agent is Epiq Bankruptcy Solutions, LLC. HARBOR MANAGEMENT: Ruediger Mueller Named Subchapter V Trustee -------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Ruediger Mueller of TCMI, Inc. as Subchapter V trustee for Harbor Management Company, LLC. Mr. Mueller 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. Mueller declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Ruediger Mueller TCMI, Inc. 1112 Watson Court Reunion, FL 34747 Telephone: (678) 863-0473 Facsimile: (407) 540-9306 Email: truste@tcmius.com About Harbor Management Company LLC Harbor Management Company, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00341) on January 16, 2026, listing between $500,001 and $1 million in assets and between $100,001 and $500,000 in liabilities. Fred E. Moore, Esq., at Blalock Walters, P.A. represents the Debtor as legal counsel. HASKO TRADING: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------- On January 13, 2026, Hasko Trading, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 50 and 99 creditors. About Hasko Trading, Inc. Hasko Trading, Inc. is a trading and distribution company engaged in the sale and sourcing of commercial goods. The company operates within wholesale and trading markets, supplying products to a network of business customers. Hasko Trading, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10281) on January 13, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The case is assigned to the Honorable Julia W. Brand. The Debtor is represented by David P. Farrell, Esq., of the Law Office of David P. Farrell. HERNAN REYES: Seeks to Hire Zalutsky & Pinski Ltd. as Attorney -------------------------------------------------------------- Hernan Reyes M.D. S.C. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Zalutsky & Pinski Ltd. as attorneys. The firm will represent the Debtor in matters concerning negotiation with creditors, preparation of a plan and disclosure statement, examining and resolving claims filed against the estate, preparation and prosecution of adversary matters, and otherwise to represent each Debtor in matters before this Court. The normal billing rate for attorneys Alexander B. Tynkov, and Thomas P. Twomey of Zalutsky and Pinski, Ltd. for this matter is $425 per hour. The firm received an initial retainer in the amount of $10,000. As disclosed in the court filings, Zalutsky & Pinski is "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Alexander Tynkov, Esq. Zalutsky & Pinski, Ltd. 111 W. Washington, Suite 1550 Chicago, IL 60602 Telephone: (312) 782-9792 Facsimile: (312) 782-0483 Email: ecf@zaplawfirm.com About Hernan Reyes M.D. S.C. Hernan Reyes M.D. S.C. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-19154) on December 15, 2025, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Jacqueline P. Cox presides over the case. Alexander Tynkov, Esq., at Zalutsky & Pinski, Ltd. represents the Debtor as legal counsel. HUDSON 1701/1706: Seeks to Extend Plan Exclusivity to May 20 ------------------------------------------------------------ Hudson 1701/1706, LLC and Hudson 1702, LLC asked the U.S. Bankruptcy Court for the District of Delaware to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to May 20 and July 19, 2026, respectively. The Debtors claim that the extension requested in this Motion will provide them and their advisors the opportunity to negotiate, confirm and implement the terms of a chapter 11 plan for the distribution of assets to creditors. Thus, the facts and circumstances of these Chapter 11 Cases warrant the requested extension of the Exclusive Periods. The Debtors explain that the relief requested herein will facilitate their efforts by providing the companies with a full and fair opportunity to resolve open case issues, evaluate certain claims, and formulate, draft, propose, and solicit a plan without the distraction of ill-formed competing plans. The Debtors believe that the requested extensions of the Exclusive Periods will afford the key parties-in-interest time to negotiate a potential plan structure and prepare a draft plan in advance of the proposed extended Exclusive Periods. This Motion is the Debtors' first request for an extension of the Exclusive Periods, and the request will not unfairly prejudice or pressure the Debtors' creditor constituencies or grant the Debtors any unfair bargaining leverage. Indeed, throughout the chapter 11 process, the Debtors have endeavored to establish and maintain a cooperative working relationship the Committee and believe that relationship will continue during the extension requested herein. Importantly, the Debtors are not seeking an extension to delay administration of these Chapter 11 Cases or to exert pressure on their creditors, but rather to resolve issues related to any potential plan, facilitate the review of claims, and continue the orderly, efficient, and cost-effective chapter 11 process. Accordingly, the Debtors believe that the requested extension is warranted and appropriate under the circumstances. The Debtors assert that termination of the Exclusive Periods would adversely impact the Debtors' progress in these Chapter 11 Cases. Simply put, if the requested extensions are denied, upon expiration of the Exclusive Periods, any party-in-interest would be free to propose a plan for the Debtors and solicit acceptances thereof. The Debtors further assert that such a ruling could foster chaos, significantly delay the Chapter 11 Cases, and impair the Debtors' ability to propose a plan successfully, without any corresponding benefit to the Debtors' estates and creditors. Counsel for the Debtors: William E. Chipman, Jr., Esq. Mark D. Olivere, Esq. Aaron J. Bach, Esq. Alison R. Maser, Esq. Chipman Brown Cicero & Cole, LLP Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, DE 19801 Tel: (302) 295-0191 Email: chipman@chipmanbrown.com olivere@chipmanbrown.com bach@chipmanbrown.com maser@chipmanbrown.com About HUDSON 1701/1706 LLC Hudson 1701/1706, LLC and Hudson 1702, LLC are Delaware limited liability companies engaged in activities related to real estate under NAICS code 5313. The entities manage and administer real property interests at 353 West 58th Street in New York City, with Hudson 1701/1706 associated with the tenth floor and Hudson 1702 with Unit 2 of the same building. The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 25-11853) on October 22, 2025. At the time of the filing, the Debtors listed between $100 million and $500 million in assets and liabilities. Hudson 1701/1706 is a corporation with Tax ID 88-1290281 and listed between 1 and 49 creditors in its petition. Honorable Judge Karen B. Owens oversees the cases. The Debtor tapped Chipman Brown Cicero & Cole, LLP as bankruptcy counsel; DLA Piper LLP (US) as special corporate and litigation counsel; FTI Consulting, Inc. as restructuring advisor; and Verita Global, LLC as claims and noticing agent. HYGRADE DELI: Shuts Down, Enters Receivership --------------------------------------------- Allan Lengel of Deadline Detroit reports that Hygrade Deli, a Detroit institution that has operated for nearly seven decades, has closed and been placed into receivership, the Detroit Free Press reported. The restaurant ceased operations in late December 2025. The deli, located on Michigan Avenue just west of Corktown, was known for attracting a wide cross-section of the city, from elected officials and legal professionals to reporters and working-class patrons. Its cultural footprint extended beyond food, serving as a filming location for movies, television shows, and music videos, according to report. In 2022, longtime owner Stuart Litt sold Hygrade Deli—first acquired by his family in 1972—to Chuck Nolan, who also owns Cutter’s Bar and Grill near Eastern Market, the report states. According to the Free Press, the deli is saddled with more than $642,000 in defaulted debt owed to the Detroit Invest Foundation. Nolan said he paid $200,000 toward the loans, but negotiations stalled. Receiver Turkia Mullin said the property requires major repairs and has outstanding tax obligations, including unpaid unemployment and property taxes, though she said the goal is to revive the business with a new owner. About Hygrade Deli Hygrade Deli is a well-known Detroit restaurant that has operated continuously since 1955. Located west of Corktown on Michigan Avenue, the deli developed a loyal following by serving a wide cross-section of the community, including professionals, public servants, and longtime neighborhood residents. IHN PODIATRY: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: IHN Podiatry Services PLLC Bedside Wound Care 5304 S Florida Ave Ste 406 Lakeland FL 33813 Business Description: IHN Podiatry Services PLLC, operating as Bedside Wound Care, provides in-home wound care services to patients in Lakeland, Florida, and surrounding areas, specializing in chronic wounds, post-surgical wounds, and diabetic foot ulcers. The Company offers wound assessment, debridement, and foot and ankle care, delivering personalized treatment plans tailored to individual patient needs. Its services aim to improve healing outcomes, reduce complications, and enhance patient convenience by bringing professional wound care directly to the home. Chapter 11 Petition Date: January 19, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-00384 Debtor's Counsel: Erik Johanson, Esq. ERIK JOHANSON PLLC 3414 W Bay to Bay Blvd #300 Tampa FL 33629 Tel: 813-210-9442 E-mail: erik@johanson.law Total Assets: $677,110 Total Liabilities: $6,267,151 The petition was signed by John P Ebsworth as business manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4HPWRLI/IHN_Podiatry_Services_PLLC__flmbke-26-00384__0001.0.pdf?mcid=tGE4TAMA IMMANUEL SOBRIETY: No Patient Care Concern, 13th PCO Report Says ---------------------------------------------------------------- Tamar Terzian, the court-appointed patient care ombudsman, filed with the U.S. Bankruptcy Court for the Central District of California her 13th report regarding the quality of patient care provided at Immanuel Sobriety Inc.'s healthcare facility. The report covers the period from October 1 to December 31, 2025. The PCO conducted site visits to all facilities, verified licensing and staffing, and confirmed compliance with the Department of Health Care Services. At each location, medications were properly labeled and stored in designated staff areas with participant files. The PCO found Immanuel Sobriety in compliance, with no complaints or issues to report for the interim period. The PCO found that medication logs at the Male Detox Facility (Winton location) were properly maintained and executed by staff following supervised administration. Safety binders were up to date, the office was secured for staff only, and medications were properly labeled, with only two participants receiving medication. Ms. Terzian toured the Male Sober Living Facility (Anira location), where medications were properly labeled and securely stored with staff-only access. At the time of the visit, 10 participants were present. Additional medications may be prescribed through medical providers and IHP as needed. No concerns were noted. The PCO visited the Sober Living Facility (Aqueduct location), where five participants were present. The home was clean, the kitchen fully stocked for participant meal preparation, and all exits and emergency signage were properly in place. No concerns were noted. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=ombXrM from PacerMonitor.com. The ombudsman may be reached at: Tamar Terzian, Esq. Terzian Law Group 1122 E. Green Street Pasadena, CA 91106 Telephone: (818) 242-1100 Facsimile: (818) 242-1012 Email: tterzian@terzlaw.com About Immanuel Sobriety Immanuel Sobriety Inc. provides drug and alcohol rehabilitation programs and treatment services. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-10806) on March 2, 2023. In the petition signed by its chief executive officer, Elizabeth Reid, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Wayne Johnson oversees the case. The Law Office of Crystle J. Lindsey represents the Debtor as legal counsel. Tamar Terzian is the patient care ombudsman appointed in the Debtor's Chapter 11 case. INVATECH PHARMA: Seeks to Extend Plan Exclusivity to April 9 ------------------------------------------------------------ InvaTech Pharma Solutions, LLC asked the U.S. Bankruptcy Court for the District of New Jersey to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 9 and June 8, 2026, respectively. The Debtor explains that it previously engaged Spektrum Capital Advisors, LLC to evaluate letters of intent and bids it received from multiple potential investors. With the guidance of this financial professional, the Debtor has analyzed its options and successfully selected a stalking horse bidder. The bidder is in the process of concluding negotiations with the Debtor's landlord. Once resolved, the Debtor will be able to finalize its plan of reorganization. The Debtor claims that it has spent considerable time and effort negotiating with the prospective investors, the anticipated outcome of which will substantively affect a potential plan of reorganization or orderly liquidation. Due to the length and complexity of the ongoing negotiations and discussions hitherto engaged, there will be insufficient time before the current exclusivity period expires to finalize a plan of reorganization or orderly liquidation. Therefore, additional time is necessary. The Debtor notes that it has selected a stalking horse bidder and is in the process of finalizing the sale motion and bidding procedures in preparation to successfully pursue its plan of reorganization. The Debtor asserts that it has continued to keep an open line of communication with interested parties concerning all matters related to the case. As detailed in the Fourth Patel Certification, the Debtor has successfully conducted extensive negotiations that have informed the Debtor's decisions on an appropriate plan. At this point, all that remains is the completion of the due diligence process between the anticipated stalking horse bidder and Debtor's landlord to finalize the Debtor's plan. The Debtor further asserts that it is not seeking an extension of the exclusive period to pressure creditors to submit to any demands. The Debtor anticipates that the substantive terms around which a plan will be proposed will be reached shortly. InvaTech Pharma Solutions LLC is represented by: Daniel M. Stolz, Esq. Donald W. Clarke, Esq. Genova Burns LLC 110 Allen Road, Suite 304 Basking Ridge, NJ 07920 Email: (973) 467-2700 About InvaTech Pharma Solutions LLC InvaTech Pharma Solutions LLC, doing business as Inva Tech Pharma Solutions LLC and Inva-Tech Pharma Solutions LLC, is a specialty pharmaceutical company that develops, manufactures, and markets generic prescription products. The Company's cGMP-compliant facility supports ANDA scale manufacturing and packaging of tablets, capsules, and liquid in bottles. With a dedicated team, InvaTech is committed to meeting industry regulations, exceeding deadlines, and delivering exceptional service to its partners. InvaTech Pharma Solutions LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-11482) on February 13, 2025. In its petition, the Debtor reported estimated assets between $1 billion and $10 billion and estimated liabilities between $10 million and $50 million. Judge Christine M. Gravelle oversees the case. Daniel M. Stolz, Esq., at Genova Burns, LLC is the Debtor's legal counsel. Citibank, N.A., as secured creditor, is represented by: Teresa Sadutto-Carley, Esq. Goetz Platzer LLP One Penn Plaza 31st Floor New York, NY 10119 Telephone: 212-593-3000 Facsimile: 212-593-0353 tsadutto@goetzplatzer.com Provident Bank, as secured creditor, is represented by: Angela Nascondiglio Stein, Esq. Meyner and Landis LLP One Gateway Center, Suite 2500 Newark, NJ 07102 (973) 602-3432 astein@meyner.com JAGUAR HEALTH: Funds Working Capital With $350,000 Notes, Warrants ------------------------------------------------------------------ Jaguar Health, Inc. disclosed in a regulatory filing that it entered into Securities Purchase Agreements with two accredited investors, pursuant to which the Company issued $350,000 aggregate principal amount of unsecured promissory notes to such Investors. The transaction closed on the same day. According to the Company, the proceeds will be used for working capital and other general corporate purposes. The Company makes certain customary representations and warranties and has agreed to customary covenants and obligations under the Securities Purchase Agreements. Promissory Notes: The Notes bear interest at the rate of 6% per annum and will mature one month after issuance. The Company may prepay any amount outstanding under the Notes (including principal and accrued and unpaid interest) without penalty or premium. Common Stock Warrants: As an inducement to enter into the Securities Purchase Agreements, the Investors received warrants to purchase up to an aggregate of 350,000 shares of the Company's voting common stock, par value $0.0001 per share, with an initial exercise price equal to $1.00 per share, subject to adjustment for reclassification of the Common Stock, non-cash dividend, stock split, reverse stock split or other similar transaction. The Warrants are exercisable immediately upon issuance and will expire on the earlier of: (i) five years from the date of issuance, (ii) the consummation of a fundamental transaction and (iii) the consummation of a liquidation event. Full text copies of the form of Note, the form of Warrant, and the form of Securities Purchase Agreement are available at https://tinyurl.com/547jam2t, https://tinyurl.com/47wu7ats, and https://tinyurl.com/2m5cktrf, respectively. 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 September 30, 2025, the Company had $49.5 million in total assets, $45.1 million in total liabilities, $4.4 million in total stockholders' equity. JERRY'S PLACE: Taps Geno and Steiskal PLLC as Bankruptcy Counsel ---------------------------------------------------------------- Jerry's Place Cleveland, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to hire Law Offices of Geno and Steiskal, PLLC as counsel. The firm will render these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accounts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning it which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these hourly rates: Craig Geno, Attorney $450 Christopher Steiskal, Attorney $375 Paralegals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $12,000 from the Debtor, inclusive of $1,738 filing fee. Mr. Geno disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Jerry's Place Cleveland, LLC Jerry's Place Cleveland, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 25-14357) on December 23, 2025, listing $500,001 to $1 million in both assets and liabilities. Judge Selene D Maddox presides over the case. Craig M. Geno, Esq. at Law Offices Of Craig M. Geno, PLLC represents the Debtor as counsel. JOEY PAYNE: Seeks to Hire Jones & Walden LLC as Bankruptcy Counsel ------------------------------------------------------------------ Joey Payne Farms, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Jones & Walden LLC as counsel. The firm will render these services: (a) prepare pleadings and applications; (b) conduct of examination; (c) advise the Debtors of their rights, duties and obligations as debtors-in-possession; (d) consult with the Debtor and represent it with respect to their Chapter 11 plan and disclosure statement; and (e) perform those legal services incidental and necessary to the day-to-day operations of the Debtor's business; (f) take any and all other action incident to the proper preservation and administration of the Debtor's estate and business. The firm has stated present fee rates of $225 to $500 per hour for attorneys and $150 to $250 per hour for paralegals and law clerks. Leslie M. Pineyro, Esq., a partner at Jones & Walden, disclosed in a court filing that the firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Leslie M. Pineyro, Esq. JONES & WALDEN LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 Email: lpineyro@joneswalden.com About Joey Payne Farms LLC Joey Payne Farms, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-40005) on January 02, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Leslie M. Pineyro, Esq., at Jones and Walden, LLC represents the Debtor as legal counsel. KLH STYLE: Seeks Chapter 7 Bankruptcy in Texas ---------------------------------------------- On January 16, 2026, KLH Style, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About KLH Style, Inc. KLH Style, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30223) on January 16, 2026. In its petition, the Debtor reports estimated assets in the range of $0–$100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michelle V. Larson is presiding over the case. The Debtor is represented by Brandon John Tittle, Esq., of Tittle Law Firm, PLLC. KNAPP & BRUNNER: Hires George E. Jacobs as Bankruptcy Counsel ------------------------------------------------------------- Knapp & Brunner, LLC received approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ George E. Jacobs, Esq. of Bankruptcy Law Offices as counsel. The attorney will provide these services: a. give the LLC legal advice with respect to its rights and duties in connection with this Chapter 11 proceeding; and b. perform all other legal services which may be necessary. George E. Jacobs, Esq. will be paid at $325 per hour. The firm was paid a retainer in the amount of $2,500 and will also be reimbursed for reasonable out-of-pocket expenses incurred. George E. Jacobs, Esq., a partner at Bankruptcy Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: George E. Jacobs, Esq. Bankruptcy Law Offices 2425 S. Linden Rd., Ste. C Flint, MI 48532 Tel: (810) 720-4333 Email: George@bklawoffice.com About Knapp & Brunner LLC Knapp & Brunner, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 25-21666-dob) on December 15, 2025. In the petition signed by Jeffery Knapp, owner, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge Daniel S. Oppermanbaycity oversees the case. George E. Jacobs, Esq., at Bankruptcy Law Offices, represents the Debtor as legal counsel. KOSMOS ENERGY: Commences $250MM Cash Tender Offer for 2027 Notes ---------------------------------------------------------------- Kosmos Energy Ltd. disclosed in a regulatory filing that the Company commenced a cash tender offer for $250,000,000 aggregate principal amount of Kosmos's outstanding 7.750% Senior Notes due 2027. Kosmos reserves the right to modify the Notes Cap in its sole discretion. The Tender Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated January 12, 2026, which is available on the transaction website https://projects.sodali.com/kosmos, subject to eligibility confirmation and registration. The Tender Offer will expire at 5:00 p.m., New York City time, on February 9, 2026, unless extended or earlier terminated. Holders who tender their Notes may withdraw such Notes at any time prior to 5:00 p.m., New York City time, on January 26, 2026. To receive the Total Consideration (as defined below), which includes an early tender payment of $50.00 per each $1,000 principal amount of the relevant Notes accepted for purchase pursuant to the Tender Offer, holders must validly tender and not validly withdraw their Notes prior to 5:00 p.m., New York City time, on January 26, 2026 unless extended. Holders who validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time will be eligible to receive only the Tender Offer Consideration, which is an amount equal to the Total Consideration (as defined below) minus the Early Tender Payment. The following sets forth certain terms of the Tender Offer: -- Title of Notes: 7.750% Senior Notes due 2027 -- CUSIP/ISIN: Rule 144A: 500688AF3 / US500688AF35 Regulation S: U5007TAD7 / USU5007TAD73 -- Outstanding Principal Amount: $350,000,000 -- Notes Cap: $250,000,000 aggregate principal amount, subject to increase in Kosmos's sole discretion -- Tender Offer Consideration (1)(4): $940.00 -- Early Tender Payment (2): $50.00 -- Total Consideration (2)(3)(4): $990.00 Footnotes: (1) Per $1,000 principal amount of Notes validly tendered after the Early Tender Time but on or prior to the Expiration Time and accepted for purchase. (2) Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Time and accepted for purchase. (3) The Total Consideration already includes the Early Tender Payment. The Total Consideration in respect of the Notes is equal to the current optional redemption price applying to the Notes. (4) Excludes Accrued Interest, which will also be paid. The Tender Offer is conditioned upon, among other things, the successful completion (in the sole determination of Kosmos) of the New Bond Offering, raising aggregate gross proceeds of at least equal to $350 million, and the release from escrow of the net proceeds from the New Bond Offering, as further described in the Offer to Purchase. The New Bonds and the guarantees in respect thereof have not been and will not be registered under the United States Securities Act of 1933, as amended. Only Holders of the Notes who subscribe for and who are allocated New Bonds in the New Bond Offering shall be eligible to have their tenders of Notes accepted for purchase in the Tender Offer. The aggregate principal amount of Notes accepted for purchase in the Tender Offer shall not exceed the principal amount of New Notes a Holder is allocated in the New Notes Offering. Kosmos is making the Tender Offer, in combination with the New Bond Offering, as a way of managing the maturity profile of its outstanding indebtedness. Notes Post-Closing Redemption: If the aggregate principal amount of Notes validly tendered and not validly withdrawn as of the Expiration Time is less than the Notes Cap, Kosmos intends, but is not obligated, to redeem or otherwise repurchase an aggregate principal amount of Notes, such that no more than $100,000,000 in aggregate principal amount of Notes (or a corresponding smaller amount, in the case that the Notes Cap is increased) remain outstanding following the Tender Offer and such redemption or repurchase. Pro-Ration; Other Information: The Notes may be subject to proration if the aggregate principal amount of the Notes validly tendered and not validly withdrawn as of the Early Tender Time or the Expiration Time, as applicable, is greater than the Notes Cap. Subject to applicable law and the terms and conditions of the Offer to Purchase, Kosmos may terminate the Tender Offer, waive any or all of the conditions of the Tender Offer prior to the Early Tender Time or Expiration Time, extend the Early Tender Time or Expiration Time or amend the terms of the Tender Offer. Kosmos has retained Fearnley Securities, Inc. to act as the dealer manager for the Tender Offer, and Sodali & Co. Ltd. to act as information and tender agent for the Tender Offer. The Tender Offer is only being made pursuant to the Offer to Purchase. Holders of the Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the Tender Offer. Senior Secured Bond Offering (New Bond Offering): Kosmos Energy announced today that its wholly-owned subsidiary, Kosmos Energy GTA Holdings, intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of senior secured bonds in the Nordic bond market. The senior bonds will be due in 2031 and will be fully and unconditionally guaranteed by the Company, as well as the Company's wholly-owned subsidiaries, Kosmos Energy Tortue Finance, Kosmos Energy Senegal, Kosmos Energy Investments Senegal Limited and Kosmos Energy Mauritania. The senior bonds will also be guaranteed on an unsecured basis by certain of the Company's subsidiaries that also guarantee the Company's existing senior unsecured notes. Kosmos intends to use the net proceeds from the offering to fund the tender offer for $250 million aggregate principal amount of its 7.750% Senior Notes due 2027 (including paying any related premiums, fees and expenses), to repay certain borrowings under its reserve-based lending facility and for general corporate purposes. The senior bonds to be offered have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and the securities 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 securities or blue sky laws. The senior bonds will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and, outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. About Kosmos Energy Ltd. Kosmos Energy Ltd. is a Dallas, Texas based publicly traded exploration and production company with the main producing assets offshore West Africa, as well as assets in the US Gulf of America. As of September 30, 2025, the Company had $5.09 billion in total assets, $4.19 billion in total liabilities, and $898.78 million in total stockholders' equity. * * * In December 2025, Fitch Ratings has downgraded Kosmos Energy Ltd.'s Long-Term Issuer Default Rating (IDR) and senior unsecured ratings to 'CCC+' from 'B-' and removed them from Rating Watch Negative (RWN). The Recovery Rating is 'RR4'. The downgrade reflects increasing risk that Kosmos is unlikely to meet its financial covenants under the reserve-based lending (RBL) facility in its March 2026 test. Failure to meet financial covenants under the RBL facility constitutes an event of default. Fitch said, "We cannot fully rule out lender acceleration even though we consider it to be unlikely. We also believe refinancing risk is still significant for Kosmos despite its recently signed secured debt funding." LANDMARK RECOVERY: No Patient Care Concern, 2nd PCO Report Says --------------------------------------------------------------- Suzanne Koenig, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Middle District of Tennessee her second report regarding the quality of patient care provided by Landmark Recovery of Colorado, LLC and affiliates. The report covers the period from November 18, 2025, to January 17, 2026. On December 11, 2025, PCO representatives conducted an initial unannounced visit to Hickory Grove Recovery Center. The kitchen was clean, organized, and in good condition. Staff were welcoming and engaging, with no reported issues with the vendor and strong relationships between facility staff and the pharmacy. On December 15, 2025, the PCO representatives conducted an unannounced initial visit to Spring Grove Recovery Center. The chief executive officer reported excellent satisfaction with the quality and quantity of food served. The facility was observed to provide a clean, safe, and secure therapeutic environment, with staff who were engaging, supportive, and protective of client confidentiality. The PCO representatives also conducted an unannounced visit to Sheridan Grove Recovery of Colorado Springs on December 16, 2025. The medication room in Building A was clean and organized, staff reported adequate access to medications for safe and effective patient care, and the fire riser closet was clean, well maintained, with the current inspection posted. Ms. Koenig observed no significant concerns during the reporting period. The next report will be submitted within 60 days, with the court notified promptly if any critical concerns arise beforehand. A copy of the second ombudsman report is available for free at https://urlcurt.com/u?l=KPwR16 from PacerMonitor.com. About Landmark Recovery of Colorado Landmark Recovery of Colorado LLC, formerly Landmark Recovery of Colorado Springs and doing business as Praxis of Colorado Springs by Landmark Recovery and Sheridan Grove Recovery, operates addiction treatment centers across multiple U.S. states, providing medical detox, residential, and outpatient rehabilitation services for substance use disorders. Its facilities, some branded under "Praxis by Landmark Recovery," offer individualized treatment plans incorporating therapy, medication-assisted treatment, and clinical support. Landmark Recovery's operations span locations in Arkansas, Colorado, Indiana, Kentucky, and Ohio, serving patients through evidence-based addiction care programs. Landmark Recovery of Colorado and Landmark Recovery of Arkansas sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Lead Case No. 25-03452) on August 20, 2025. In its petition, Landmark Recovery of Colorado reported total assets of $7,375,347 and total liabilities of $1,841,854 while Landmark Recovery of Arkansas reported between $1 million and $10 million in assets and up to $50,000 in liabilities. Honorable Bankruptcy Judge Randal S. Mashburn handles the case. The Debtors are represented by Michael G. Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC. Suzanne A. Koenig is the patient care ombudsman appointed in the Debtors' cases. LEV DIAGNOSTICS: Matthew Brash Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 11 appointed Matthew Brash of Newpoint Advisors Corporation as Subchapter V trustee for Lev Diagnostics, Inc. Mr. Brash will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Brash declared that he is a disinterested person according to 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Matthew Brash Newpoint Advisors Corporation 655 Deerfield Road, Suite 100-311 Deerfield, IL 60015 Tel: (847) 404-7845 About Lev Diagnostics Inc. Lev Diagnostics, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00584) on January 14, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. John H. Redfield, Esq., at Crane, Simon, Clar & Goodman represents the Debtor as legal counsel. LEXDEN MANAGEMENT: Hires Mark S. Roher PA as Bankruptcy Counsel --------------------------------------------------------------- Lexden Management LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Mark S. Roher, PA, also known as, The Law Office of Mark S. Roher, PA, as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm received a retainer in the amount of $7,500. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mark Roher, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark S. Roher, Esq. Law Office of Mark S. Roher, PA 1806 N. Flamingo Road, Suite 300 Pembroke Pines, FL 33028 Tel: (954) 353-2200 Email: mroher@markroherlaw.com About Lexden Management LLC Lexden Management LLC is a single asset real estate company. Lexden Management LLC 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., of the Law Office of Mark S. Roher, P.A. LINQTO TEXAS: Selects VanEck & Forge for Liquidating Trust & Fund ----------------------------------------------------------------- Linqto, Inc. announced on January 13, 2026, that it has filed a Plan Supplement for the Joint Chapter 11 Plan of Linqto Texas LLC and its affiliated debtors, where among other things, the Company identified the managers selected for the two options for customer recoveries described in the Plan of Reorganization. These selections were made by the Unsecured Creditors Committee (UCC) and Linqto's Chief Restructuring Officer (CRO), Jeffrey Stein. On July 8, 2025, Linqto filed for voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. VanEck was selected to be the manager of the Closed-End Fund and Forge Global, Inc. was chosen as the Liquidating Trustee of the Liquidating Trust. Voting on the Plan and the two options is open through January 26, 2026, with a plan confirmation hearing set for February 2, 2026. "This is an important and extremely positive moment for the more than 13,000 customers of Linqto who are seeking the quickest exit from bankruptcy with the greatest recovery," said Dan Siciliano, Linqto Chief Executive Officer. "We were forced to file for Chapter 11 due to the regulatory violations and fraud committed by prior management that had caused irreparable harm to Linqto's operations. Our goal remains to provide a clear and certain path to recovery with options for our customers, many of whom have different financial goals, interests, and objectives. We also sought to preserve the original benefit of the bargain and intent of Linqto -- to allow individuals to participate in some of the world's most exciting and innovative privately held companies. By creating the Liquidating Trust and Closed-End Fund options -- and by providing the opportunity to allocate a percentage of assets between them -- we are giving customers the flexibility to choose the approach that best aligns with their short and long-term needs." "We are pleased that the UCC and our CRO have landed on the choice of Forge Global and VanEck to serve in their appointed capacities. Both bring significant experience, a depth of talent and the ability to manage complex engagements in this high-stakes environment. We look forward to working with them as we move through confirmation and exit from Chapter 11. With this information in hand, we think customers have the information they need to vote for the plan and to choose the option that works best for them." Linqto customers can choose to allocate their claim to the Closed-End Fund, the Liquidating Trust or a combination of both. The Closed-End Fund will be listed on a national exchange, thereby giving customers full liquidity to buy and sell positions in the Closed-End Fund. The Liquidating Trust creates a direct link to customer securities and will provide Linqto customers with occasional opportunities for liquidity. The Liquidating Trustee will also coordinate distributions and execute settlements in accordance with the trust agreement. "We are pleased to be selected to manage the closed end fund on behalf of Linqto's creditors," said Jan van Eck, Chief Executive Officer of VanEck. "We look forward to applying our experience to responsibly manage these assets, with a focus on maximizing value and liquidity." About VanEck VanEck is a global investment manager founded in 1955, managing approximately $181.4 billion in assets across mutual funds, ETFs and institutional portfolios as of December 31, 2025. VanEck has offered private market strategies for 30 years, including hedge fund strategies, venture capital, and other alternative investment structures, and is a significant co-investor across its private strategies. The firm's recently launched private funds have focused on blockchain, stablecoins, AI, and financial innovation. About Linqto Inc. Linqto Inc. is a San Jose-based financial technology company operating in the alternative investment space. Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The case is jointly administered with the Chapter 11 cases of Linqto Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares Manager, LLC under case number 25-90186. In its petition, Linqto Inc. reported estimated assets and liabilities between $500 million and $1 billion. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as legal counsel; Breakpoint Partners, LLC as restructuring advisor; ThroughCo Communications, LLC as public relations agent; and Epiq Corporate Restructuring, LLC as claims agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Orrick, Herrington & Sutcliffe, LLP. Sandton Capital Solutions Master Fund VI, LP, as DIP Lender, is represented by its attorneys: Kristen L. Perry, Esq. Faegre Drinker Biddle & Reath, LLP 2323 Ross Avenue, Suite 1700 Dallas, TX 75201 Tel: (469) 357-2500 Fax: (469) 327-0860 Email: kristen.perry@faegredrinker.com -- and -- Richard J. Bernard, Esq. Faegre Drinker Biddle & Reath, LLP 1177 Avenue of the Americas, 41st Floor New York, NY 10036 Tel: (212) 248-3263 Fax: (212) 248-3141 Email: richard.bernard@faegredrinker.com -- and -- Michael R. Stewart, Esq. Adam C. Ballinger, Esq. Faegre Drinker Biddle & Reath, LLP 2200 Wells Fargo Center 90 South 7th Street Minneapolis, MN 55402 Telephone: (612) 766-7000 Facsimile: (612) 766-1600 Email: michael.stewart@faegredrinker.com adam.ballinger@faegredrinker.com Sandton may also be reached through: Robert Rice, Esq. Sandton Capital Partners 16 West 46th Street, 11th Floor New York, NY 10036 Direct: (310) 600-3980 Office: (212) 444-7200 LKM CONVENIENCE: Dwayne Murray Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 5 appointed Dwayne Murray, Esq., at Murray & Murray, LLC, as Subchapter V trustee for LKM Convenience, LLC. Mr. Murray will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Murray declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Dwayne Murray, Esq. Murray & Murray, LLC 4970 Bluebonnet Blvd., Suite B Baton Rouge, LA 70809 Tel: (225) 925-1110 Fax: (225) 925-1116 Email: dmm@murraylaw.net About LKM Convenience LLC LKM Convenience, LLC, a company in Metairie, La., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 26-10083) on January 14, 2026, with $8,500 in assets and $3,456,486 in liabilities. Judge Meredith S Grabill presides over the case. Robert L. Marrero, Esq., at Robert L. Marrero, LLC represents the Debtor as legal counsel. LUMINAR TECHNOLOGIES: Signs $22MM LiDAR Sale to Quantum Computing ----------------------------------------------------------------- Luminar Technologies, Inc. disclosed in a regulatory filing that the Company and certain of its affiliates entered into a purchase agreement with Quantum Computing Inc. pursuant to which, subject to the terms and conditions set forth therein, Quantum Computing agreed to acquire specified assets related to the Sellers' LiDAR business and assume certain liabilities, for cash consideration of $22,000,000. Upon receipt of Bankruptcy Court approval, the Buyer is expected to be designated as the "stalking horse" bidder with respect to the assets to be acquired under the Purchase Agreement in connection with a sale of the Debtors' assets under section 363 of the Bankruptcy Code. The Transaction will be conducted pursuant to Bankruptcy Court-approved bidding procedures and is subject to the receipt of higher or better offers from competing bidders, approval of the sale by the Bankruptcy Court, and the satisfaction of certain conditions to closing. Subject to Bankruptcy Court approval, in the event that the Buyer is not the successful bidder at the auction contemplated to be conducted pursuant to the bidding procedures, the Buyer may be entitled to a break-up fee equal to 3% of the cash consideration plus expense reimbursement in an amount not to exceed $500,000. The Purchase Agreement contains customary representations, warranties and covenants of the parties for a transaction involving the acquisition of assets from a debtor in bankruptcy, and the completion of the Transaction is subject to a number of conditions, including, among others, the entry of an order of the Bankruptcy Court authorizing and approving the Transaction, the performance by each party of its obligations under the Purchase Agreement, the accuracy of each party's representations, subject to certain materiality qualifiers, and the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act. The Purchase Agreement may be terminated by the Buyer or the Sellers under certain circumstances, including, among others, if the Transaction is not closed by March 31, 2026 (subject to specified extensions, including if antitrust approvals are not obtained), or upon the occurrence of certain Bankruptcy Court actions. The representations, warranties and covenants contained in the Purchase Agreement were made only for purposes of the Purchase Agreement and as of specific dates, were made solely for the benefit of the parties to the Purchase Agreement, may be subject to limitations agreed upon by the parties thereto and qualified by disclosures not reflected in the text of the Purchase Agreement, are not intended to provide factual, business, or financial information about the parties thereto and may be subject to a contractual standard of materiality different from those generally applicable to stockholders or may have been used for purposes of allocating risk between the Buyer and the Sellers, rather than establishing matters as facts. Moreover, information concerning the subject matter of the representations, warranties and covenants may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures. A full text copy of the Purchase Agreement is available at https://tinyurl.com/59r4pnw4 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. MAIYA WISH: John-Patrick Fritz Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 16 appointed John-Patrick Fritz as Subchapter V trustee for Maiya Wish LLC. Mr. Fritz will be paid an hourly fee of $750 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. The compensation for his trustee administrators (Jason Klassi, Linda Riess and Connie Ray) is $300 per hour. Mr. Fritz declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: John-Patrick M. Fritz Levene, Neale, Bender, Yoo & Golubchik, L.L.P. 2818 La Cienega Avenue Los Angeles, CA 90034 Telephone: (310) 229-1234 Facsimile: (310) 229-1244 About Maiya Wish LLC Maiya Wish, LLC, doing business as We Are Amma, designs and sells women's apparel and postpartum essentials focused on nursing friendly and postpartum support garments for new mothers. The California-based limited liability company offers products such as The Cocoon nursing cover and other maternity and postpartum clothing, emphasizing comfort, functionality and thoughtful design for the fourth trimester. We Are Amma operates online and targets mothers seeking supportive, stylish postpartum wear and accessories. Maiya Wish filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-10018) on January 9, 2026, with $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. Jeffrey Zurofsky, president of Maiya Wish, signed the petition. Judge Ronald A. Clifford III presides over the case. Brian K. Tester, Esq., at McConnell Valdes, LLC represents the Debtor as legal counsel. MAWSON INFRASTRUCTURE: Endeavor Blockchain Holds 38.1% Stake ------------------------------------------------------------ Endeavor Blockchain, LLC, Joshua Kilgore, Cody Smith, and PM Squared, LLC, disclosed in a Schedule 13D (Amendment No. 2) filed with the U.S. Securities and Exchange Commission that as of January 7, 2026, they beneficially own 1,260,000 shares of common stock (directly held by Endeavor Blockchain, LLC, 100% owned by Joshua Kilgore as managing member; Joshua Kilgore directly holds an additional 8,000 shares; Cody Smith directly holds 75,000 shares; PM Squared, LLC, 100% owned by Phil Stanley as managing member, holds 2,297 shares; increased through open-market purchases including 10,000 shares by Endeavor Blockchain on January 6 at $4.52 average, 100,000 shares on January 7 at ~$4.52 average, and 160,000 shares on January 9 at $4.56 average) of Mawson Infrastructure Group Inc.'s common stock, $0.001 par value, representing 38.1% of the 3,304,639 shares outstanding (as of December 16, 2025, post 1-for-20 reverse stock split effective November 2025). Endeavor Blockchain, LLC may be reached through: Joshua Kilgore, Managing Member 5701 Euper Lane, Ste A Fort Smith, AR 72903 Tel: 479-420-8957 About Mawson Infrastructure Group Mawson is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. Previously, Mawson Infrastructure Group's creditors filed a Chapter 11 involuntary petition against the company (Bankr. D. Del. Case No. 24-12726) on Dec. 4, 2024. The petitioning creditors include W Capital Advisors Pty Ltd, Marshall Investments MIG Pty Ltd, and Rayra Pty Ltd. On November 4th, 2025, the United States Bankruptcy Court for the District of Delaware issued a written Order formalizing its ruling from the bench on October 21, 2025, dismissing with prejudice the involuntary bankruptcy petition filed against Mawson. The Order enables Mawson to pursue attorneys' fees and costs, any damages proximately caused by the involuntary petition, and potentially punitive damages against the petitioning creditors. Boston, Massachusetts-based Wolf & Company, P.C., the Company's auditor since 2023, 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 fiscal year ended December 31, 2024, citing that the Company has incurred net losses since its inception, and had negative working capital and will need additional funding to continue operations. This raises substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $52 million in total assets, $61.4 million in total liabilities, and $9.4 million in total stockholders' deficit. MERIDIANLINK INC: S&P Withdraws 'B+' ICR on Debt Repayment ---------------------------------------------------------- S&P Global Ratings withdrew all its ratings on MeridianLink Inc. at the company's request, including the 'B+' issuer credit rating, following the repayment of the company's outstanding debt. At the time of the withdrawal, our ratings on MeridianLink were on CreditWatch, where S&P placed them with negative implications on Aug. 13, 2025, following the company's announcement that it had entered into a definitive agreement to be acquired by an affiliate of financial sponsor Centerbridge Partners L.P. in an all-cash transaction valued at approximately $2 billion. The acquisition closed, and all its outstanding debt was repaid. MES: Represented by Latham & Watkin in Divestiture of Liabilities ----------------------------------------------------------------- MES Intermediate, Inc., a trusted supplier of critical safety equipment to at-risk workers, announced the completion of a permanent divestiture of certain non-operating subsidiaries, including Municipal Emergency Services, LLC, that hold legacy product liability claims. These subsidiaries have been divested to Mustang ES Holdings, LLC, an affiliate of a third-party liability management firm. As a result of this transaction, which has been structured to provide a comprehensive solution for alleged PFAS-related liabilities, the Company has permanently divested alleged legacy liabilities from its balance sheet relating to per- and polyfluoroalkyl substances ("PFAS") claims held by the divested subsidiaries. Pursuant to the transaction, Mustang has assumed responsibility for the go-forward management and resolution of these alleged legacy PFAS matters, including the administration of related insurance assets. The landmark transaction is the first-of-its-kind focused on PFAS-liabilities. Latham & Watkins LLP represented MES in the transaction with a restructuring & special situations team led by partners Jeff Bjork and Helena Tseregounis and counsel Chris Craige. Advice was provided on corporate matters by partner Daniel Mun and counsel Jessica Pisani; and on finance matters by partner Mark Morris and counsel Jonathan Shih; on tax matters by partner Joseph Kronsnoble; and on insurance matters by partner Brook Roberts. MICK'S GRASS: Seeks Chapter 11 Bankruptcy in Texas -------------------------------------------------- On January 8, 2026, Mick's Grass & Sod Service, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 50–99 creditors. About Mick's Grass & Sod Service, Inc. Mick's Grass & Sod Service, Inc. operates as a landscaping and sod service provider offering grass installation and related services. Mick’s Grass & Sod Service, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-30192) on January 8, 2026. In its petition, the Debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Eduardo V. Rodriguez handles the case. The Debtor is represented by Elias Marwan Yazbeck, Esq., of The Law Office of Elias M. Yazbeck, PLLC. MIDNIGHT VENTURES: Unsecured Creditors to Split $62K over 5 Years ----------------------------------------------------------------- Midnight Ventures, LLC filed with the U.S. Bankruptcy Court for the District of Colorado a Plan of Reorganization for Small Business under Subchapter V dated January 13, 2026. The Debtor is a Colorado limited liability company which owns and operates a Sinclair gas station and convenience store in Dove Creek, Colorado. The Debtor's bankruptcy filing was the result of a receiver being appointed over the Debtor's assets. The Debtor initiated this bankruptcy case in order to keep the receiver from taking over control of its assets. Class 6 consists of those unsecured creditors of the Debtor who hold Allowed Claims that were either scheduled by the Debtor as undisputed, or subject to timely filed proofs of claim to which the Debtor does not successfully object. Class 6 in impaired by the Plan. For the first 36-months after the Effective Date, no payments will be made to general unsecured creditors. In the fourth year after plan confirmation (months 37 through 48 after the Effective Date), the Debtor shall make quarterly payments to general unsecured creditors of $5,748.00, which shall be paid to allowed general unsecured creditors, pro rata within 30-days after the end of each calendar quarter. In the fifth year after the Effective Date (months 49 through 60 after the Effective Date), the Debtor shall make quarterly payments to general unsecured creditors of $10,113.00, which shall be paid to allowed general unsecured creditors, pro rata within 30-days after the end of each calendar quarter. As described in more detail in the Debtor's projections, the Debtor's projections provide for payments to general unsecured creditors after it has built up a cash reserve of $50,000.00 in order to give it flexibility to deal with emergency and unexpected expenses as they arise. Class 7 includes the interests in Debtor held by the its pre confirmation shareholders. Class 7 is not impaired by this Plan. On the Effective Date of the Plan, Class 7 Interest Holders shall retain their interests in Debtor which they owned prior to the Petition Date. The Debtor's Plan is feasible. As noted in the Debtor's projections, the Debtor projects to pay unsecured creditors the guaranteed sum of $62,438.00 over the life of the Plan. The Debtor's business does have some seasonality: it does more business in the summer months and during winter hunting season than it does over the remainder of the year. The Debtor's projections, however, have taken the Debtor's projected annual income for the year and standardized those amounts by month in an effort to create an equal payment amount to its creditors. As noted in the Liquidation Analysis attached hereto as Exhibit C, in a liquidation in Chapter 7, virtually nothing would be available for creditors. By contrast, Debtor proposes a Plan which guarantees paying general unsecured creditors $62,438.00 over 5 years via this Plan, in addition to paying priority and administrative expense creditors in full. On the Effective Date of the Plan, Mr. Timoth Meyer, the managing member of Debtor, shall be appointed pursuant to Section 1142(b) of the Bankruptcy Code for the purpose of carrying out the terms of the Plan, and taking all actions deemed necessary or convenient to consummating the terms of the Plan. A full-text copy of the Plan of Reorganization dated January 13, 2026 is available at https://urlcurt.com/u?l=LX8Jpe from PacerMonitor.com at no charge. Counsel to the Debtor: Jonathan M. Dickey, Esq. Kutner Brinen Dickey Riley, P.C. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Telephone: (303) 832-2400 Email: jmd@kutnerlaw.com About Midnight Ventures Midnight Ventures LLC, based in Dove Creek, Colorado, owns and operates the Sinclair at Dove Creek fuel and convenience station at 419 W Highway 491, offering fueling services with DINOCARE additives, mobile payments through DINOPAY, and convenience store amenities for local and traveling customers. Midnight Ventures filed a Chapter 11 bankruptcy petition (Bankr. D. Colo. Case No. 25-16775) on Oct. 17, 2025, disclosing up to $1 million in assets and up to $10 million in liabilities. Judge Joseph G. Rosania Jr. oversees the case. The Debtor is represented by Jonathan M. Dickey, Esq., at Kutner Brinen Dickey Riley, PC. MOTHER FLIPPING: Gets OK to Hire Neeleman Law Group as Counsel -------------------------------------------------------------- Mother Flipping Native LLC received approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Neeleman's standard rate are: Principals $600 per hour Associates $475 per hour Paralegals $250 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $6,738 from the Debtor. Jennifer Neeleman, Esq., an attorney at Neeleman Law Group disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jennifer L. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Facsimile: (425) 212-4802 Email: jennifer@neelemanlaw.com About Mother Flipping Native LLC Mother Flipping Native LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-13551) on December 16, 2025, listing up to $50,000 in assets and $50,001 to $100,000 in liabilities. Judge Christopher M Alston presides over the case. Jennifer L Neeleman, Esq. at Neeleman Law Group, P.C. serves as the Debtor's counsel. MOUNTAIN VISTA: David Stapleton's Appointment as Trustee OK'd ------------------------------------------------------------- Judge Scott Clarkson of the U.S. Bankruptcy Court for the Central District of California approved the appointment of David Stapleton as Chapter 11 trustee for Mountain Vista Holdings, LLC. Mr. Stapleton disclosed in a court filing that he is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. Mr. Stapleton was appointed on Jan. 14 by the U.S. Trustee for Region 16, the Justice Department's bankruptcy watchdog overseeing Mountain Vista Holdings' Chapter 11 case. The appointment followed a Jan. 8 court order denying the motion to dismiss the case filed by Wenqiang Bian, the official managing the Bian Lao Living Trust, and appointing a Chapter 11 trustee in lieu of dismissal. 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. MTG INC: Summary Judgment in Favor of Taunt, et al., Affirmed ------------------------------------------------------------- In the appeal styled GUY C. VINING, Trustee for M.T.G., Inc., Appellant, v. CHARLES J. TAUNT & ASSOCIATES, P.C., 22-12661 and consolidated from 22-12769; AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, 22-12661 and consolidated from 23-10048; COMERICA BANK, INC., 22-12661 and consolidated from 22-12661 and 23- 10048; PLUNKETT COONEY, P.C., 22-12661 and consolidated from 22-12769 and 23-10048; GARAN LUCOW MILLER, P.C., consolidated from 23-10048; CHERI L. TAUNT, Personal Representative for the Probate Estate of Charles J. Taunt, Appellees, No. 24-1979 (6th Cir.), Judges Rachel S. Bloomekatz, Raymond M. Kethledge and Joan L. Larsen of the United States Court of Appeals for the Sixth Circuit affirmed the ruling of the the United States District Court for the Eastern District of Michigan at Detroit that upheld the bankruptcy court's decision granting summary judgment to the defendants on nearly all claims. This appeal arises out of debtor MTG's decades-long Chapter 7 bankruptcy proceedings. The original trustee, Charles Taunt, failed to disclose a conflict of interest involving the largest secured creditor, Comerica Bank. The successor trustee, Guy Vining, now seeks to unwind various actions taken during Taunt's tenure. He alleges that Comerica committed, or is vicariously liable for, fraud on the court based on Taunt's nondisclosure; that several post-petition transfers of estate property are avoidable under 11 U.S.C. Sec. 549(a); and that Taunt, Taunt's former law firm Plunkett Cooney, and Comerica, are liable for conversion of estate assets. The bankruptcy court appointed Taunt as the Chapter 7 trustee of the bankruptcy estate. Shortly thereafter, Taunt entered into a fee agreement with Comerica. Because Comerica was MTG's primary lender and largest secured creditor, the agreement raised a potential conflict of interest. The agreement let Taunt cover certain expenses using funds from the property securing Comerica's loan, as permitted by 11 U.S.C. Sec. 506(c). But it also specified that Comerica would pay Taunt to review and analyze its claim against the estate. So, in addition to working on behalf of the estate, Taunt was also working on behalf of another party in the proceeding (Comerica) that was seeking money from the estate. Bankruptcy Rule 2014(a) requires trustees to file a verified statement describing "any" connections to the estate's creditors. Taunt filed this verification twice; once upon his appointment and then after his law firm merged with Plunkett Cooney. He failed to disclose his fee agreement with Comerica both times. Before the bankruptcy court learned about the full scope of Taunt's fee agreement with Comerica, he obtained several orders that benefitted Comerica. These orders (collectively, the "Comerica Orders") included: (1) the Comerica Claim Allowance Order -- which allowed Comerica's $5.3 million secured claim and determined that Comerica had "a valid and properly perfected security interest in and lien on all property of MTG's estate,"; (2) the Comerica Relief from Stay Order -- which granted Comerica relief from the court-ordered stay that automatically prevents most creditors from collecting debts or seizing property once a bankruptcy case is filed; and (3) the Comerica Settlement Order -- which settled the estate's pre-petition lender liability claims (that is, MTG's claims against Comerica that arose before MTG filed for bankruptcy) for $10,000. Litigation over Taunt's potential conflict of interest began less than two years after the bankruptcy court issued the Comerica Orders. After Taunt disbursed the overwhelming majority of the estate's assets, he requested approval from the bankruptcy court to use the estate's remaining assets to pay his own fees and then remit the balance to Comerica. Todd Halbert, MTG's attorney, objected to Taunt's motion. He argued that MTG's pre-petition lender liability claims barred Comerica from asserting a valid interest in the estate's remaining assets. The United States Trustee, which oversees the administration of bankruptcy cases, investigated Halbert's claims and concluded that Taunt and Plunkett Cooney had a duty to disclose Taunt's fee agreement with Comerica to the bankruptcy court under Rule 2014. Based on the U.S. Trustee's investigation, and on appeal from the bankruptcy court, the district court held that the fee agreement created a "serious, egregious conflict of interest and breach of fiduciary duty." The district court thus disqualified Taunt as the Chapter 7 trustee and denied his firm all fees. The bankruptcy court then appointed Guy Vining as the estate's trustee. After vacating the Comerica Orders, the bankruptcy court explained that multiple issues that Vining had raised would need to be resolved in an adversary proceeding, including Vining's allegations of conspiracy by Taunt and Comerica, potential violations of state and federal law, and Vining's entitlement to damages and fees. Vining filed a 21-count complaint against, in relevant part, Taunt, Plunkett Cooney, Comerica, and American Casualty. Vining's claims fell into two categories. The first category, the pre-petition claims, consisted of MTG's claims against Comerica that arose before MTG filed for bankruptcy. Those claims concerned alleged misconduct that forced MTG to go out of business. The second category, the post-petition claims, encompassed the estate's claims against Taunt, Plunkett Cooney, and Comerica that arose after MTG filed for bankruptcy. Those claims all related to Taunt's nondisclosure of the Comerica fee agreement, and some are at issue in this appeal. The district court affirmed the bankruptcy court's decision on all the challenged claims, and -- despite the bankruptcy court's admonition that this litigation is not in the estate's best interest -- Vining now pursues this appeal too. In this appeal, Vining argues that Comerica should not have been let off the hook and that the court should have awarded more severe damages for Taunt's fraud. The Sixth Circuit disagrees and holds that Comerica is not liable -- either directly or vicariously -- for fraud on the court and it affirms the district court's limited damages award. Vining also argues that the post-petition transfers were avoidable under 11 U.S.C. Sec. 549(a). He contends that, when the bankruptcy court uncovered Taunt's nondisclosure and vacated the Comerica Orders, the vacatur rendered the Comerica orders void "ab initio." Thus, in Vining's view, the Comerica Orders never existed, meaning that the transfers of estate property that the orders approved were, instead, not properly authorized. And if those transfers were not properly authorized, Vining argues, the transfers are avoidable and require that the property be returned to the estate. The Sixth Circuit affirms the bankruptcy court's rejection of this claim. According to the Circuit Judges, "As an initial matter, these post-petition transfers were authorized when made. Moreover, these transfers remain authorized to this day. True, the bankruptcy court later vacated the Comerica Orders. But the court later explained that none of the orders that authorized Taunt's actions were vacated with retroactive effect. Vining therefore cannot avoid these transfers, under Sec. 549(a), on the ground that they are no longer authorized." Vining also claims that Taunt and Plunkett Cooney are liable for common law and statutory conversion. Although Vining's brief does not identify the specific assets they allegedly converted, his complaint points to the Comerica Settlement Order, which resolved the estate's pre-petition claims against Comerica for $10,000. Vining argues that once the bankruptcy court vacated the settlement order, Taunt's exertion of control over the estate's property -- that is, his decision to settle the estate's pre-petition claims against Comerica -- was retroactively unlawful and therefore amounted to conversion. The Sixth Circuit disagrees. The panel explains, "Taunt's conflict of interest and subsequent disqualification as trustee did not retroactively strip his authority to engage in the earlier, court-authorized transfers. When he exerted control over the estate's property, he was authorized to do so and so cannot be liable for conversion." A copy of the Court's Opinion dated January 14, 2026, is available at https://urlcurt.com/u?l=u2gMrm About M.T.G. Inc. M.T.G., Inc., through its attorney Todd Halbert, filed a voluntary petition for relief under Chapter 11 on Aug. 7, 1995. MTG's Chapter 11 case was converted to Chapter 7 on Feb. 8, 1996. Charles J. Taunt was appointed as the Chapter 7 Trustee. After Taunt's appointment was terminated on Oct. 27, 2000, Douglas Ellman was appointed as the successor Chapter 7 Trustee. Guy C. Vining was elected as the successor Chapter 7 Trustee of Douglas Ellman on Jan. 10, 2002. Halbert represented the Debtor while it was in Chapter 11. Halbert now represents Vining as special counsel. MYIA LABS: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------- On January 16, 2026, Myia Labs, Inc. filed for Chapter 7 bankruptcy in the Northern District of California. According to court documents, the company has liabilities between $1 million and $10 million owed to 1-49 creditors. About Myia Labs, Inc. Myia Labs, Inc. operates as a provider of a platform that applies artificial intelligence–driven health monitoring to consumer wearables. The company sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30038) on January 16, 2026. In its petition, Myia Labs, Inc. reported estimated assets of $100,001-$1 million and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Hannah L. Blumenstiel is handling the case. The debtor is represented by Tracy Green, Esq. of Fennemore LLP. NELLIS CAB: Files Amended Motion to Tap Force Ten as Advisors ------------------------------------------------------------- Nellis Cab LLC filed an amended seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Force Ten Advisors, LLC. as investment bankers and financial advisors. The firm will render these services: A. Court Disclosures a. assist in the preparation of first-day motions and developing procedures and processes necessary to implement such motions; b. assist with monthly operating reports, schedules, statements of financial affairs, UST packages, and other financial information and disclosures required during the pendency of the Debtor's Chapter 11 Case; c. assist the Debtor and legal counsel with preparation of all case motions requiring financial information or analysis; d. assist with the development and maintenance of a creditor matrix, claims, and other parties in interest information; B. Post-Petition Accounting, Cash Flow, and Operations a. assist with developing accounting and operating procedures to segregate post-petition business transactions; b. assist with monitoring all cash disbursements according to budgets; c. assist with preparing budgets and weekly monitoring and compliance thereof; and d. assist with business operating activities as necessary. C. Investment Banking Services a. assist the Debtor in preparing materials describing the Debtor's business and assets for distribution and presentation to parties that might be interested in a Transaction; b. assist the Debtor in identifying and evaluating parties interested in facilitating Transactions either through purchasing the Debtor's assets, securities, partnership, or membership interests; c. assist the Debtor in structuring, marketing, and conducting an auction process in connection with a proposed sale of assets and/or equity pursuant to Section 363, including advising on and assisting with the identification, evaluation, and selection of a potential stalking horse bidder, the negotiation of stalking horse terms, and the implementation of bidding procedures approved by the Bankruptcy Court; d. assist in the Debtor's over-bid process related to the proposed Section 363 sale of the Debtor's assets and/or equity by seeking parties interested in over-bidding the stalking horse bid and facilitating due diligence and their incorporation into the process per the Debtor's bid procedures; e. advise the Debtor on tactics and strategies for negotiating with potential parties to a Transaction, creditors, and other stakeholders, and participate in such negotiations; f. render financial advice to the Debtor related to a Transaction and participate in meetings or negotiations with creditors, stakeholders, or other appropriate parties; g. assist the Debtor in identifying, evaluating, and analyzing post-petition debtor-in-possession financing or other interim financing alternatives, including assessing proposed structures, pricing, covenants, and economic implications, and assist the Debtor and their counsel in negotiating such arrangements approved by the Bankruptcy Court, including financial analysis related to DIP budgets, cash-flow forecasts, and ongoing compliance. h. perform other tasks as appropriate and as may be reasonably requested by the Company's management or counsel as consistent with the role of an investment banker in connection with the above. D. Plan of Reorganization a. render general financial advice, financial analytics, and modeling in connection with a proposed plan of reorganization; b. assist the Debtor and its counsel in the preparation of a plan of reorganization and related disclosure statement, including financial analysis, projections, and other financial information; c. assist, from a financial and analytical perspective, with the review, classification, and quantification of claims against the Debtor's estate under the plan of reorganization; d. assist in the identification of executory contracts and unexpired leases and perform financial and cost/benefit evaluations with respect to the assumption or rejection of such contracts and leases, as needed; e. assist in effecting and implementing the plan of reorganization, including obtaining financial support in connection with consummation thereof; and f. render such other general business, consulting or additional assistance as the Debtor's management or counsel may deem necessary, consistent with the role of a financial advisor, not duplicative of services provided by other professionals, and subject to approval of the Bankruptcy Court. Force 10's customary hourly rates: Partners $395 to $995 Additional Staff $295 to $395 In addition, the firm will seek reimbursement for expenses incurred. In consideration for the investment banking services, the Debtors shall pay Force 10 a transaction fee equal to 4 percent of the Transaction Value. Prior to the petition date, Force 10 received a $100,000 retainer. Adam Meislik, an officer of Force Ten Advisors, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jeremy Rosenthal Force Ten Partners, LLC 5271 California Suite 270 Irvine, CA 92617 Telephone: (949) 357-2360 About Nellis Cab LLC Nellis Cab LLC provides taxi transportation services in Las Vegas, Nevada, and has been operating in the region for more than 60 years. Nellis Cab LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 25-17375) on December 5, 2025, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. The petition was signed by Michelle Langille as manager. Judge August B Landis presides over the case. Samuel A. Schwartz, Esq. at SCHWARTZ LAW, PLLC represents the Debtor as counsel. NEW GRANT: Seeks to Hire Hilco Real Estate as Consultant -------------------------------------------------------- New Grant Acquisitions, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Hilco Real Estate, LLC as real estate consultant and agent. The firm's services include: (a) meeting with the Debtor to ascertain the Debtor's goals, objectives and financial parameters in selling its property. (b) soliciting interested parties for the sale of the property, and marketing the property for sale through an accelerated sales process. (c) at the Debtor's direction and on the Debtor's behalf, negotiating the terms of the sale of the property. Hilco will be paid a fee equal to 5 percent of the gross sale proceeds. In the event the Property is sold to Midas or a Midas affiliated entity, Hilco's fee will be reduced to one half percent (.5%) of the gross sale proceeds. Hilco Real Estate is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, and does not hold or represent an interest adverse to the Debtors' estates, according to court filings. The firm can be reached through: Eric W. Kaup Hilco Real Estate LLP 5 Revere Dr., Ste. 410 Northbrook, IL 60062 Telephone: (855) 755-2300 About New Grant Acquisitions New Grant Acquisitions, LLC is a real estate lessor with its principal assets located at 44 Broad Street NW in Atlanta, Georgia. New Grant Acquisitions, LLC in Davenport, IA, sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-61599) on Oct. 6, 2025, listing as much as $10 million to $50 million in both assets and liabilities. Brent Crittenden, authorized agent, signed the petition. Scroggins, Williamson & Ray, PC serves as the Debtor's counsel. NO RUST: Court Affirms Judgment in Smith v. Slott Adversary Case ---------------------------------------------------------------- In the appeal styled DON SMITH, Appellant, v. SONYA S. SLOTT, Appellee, Case No. 25-cv-60115 (S.D. Fla.), Judge Roy K. Altman of the United States District Court for the Southern District of Florida affirmed the order of the United States Bankruptcy Court for the Southern District of Florida granting in part and denying in part the motion of Don Smith to amend his response to Sonya S. Slott's amended complaint to add a declaratory-judgment counterclaim. This particular appeal comes to the Court from the Adversary Case between Sonya Salkin Slott, the Chapter 7 Trustee for No Rust Rebar, Inc., and Don Smith, the former principal of No Rust. On May 23, 2022, the Bankruptcy Court converted No Rust's bankruptcy case from Chapter 11 to Chapter 7 (and appointed a trustee to manage the estate) because it found that a conversion would be in the best interest of the estate and its creditors. The Bankruptcy Court explained that it could only convert the case -- and preclude No Rust from operating as debtor-in-possession -- for cause, and that sufficient cause included fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor, either before or after the date of commencement of the case or for failure to perform the obligations of the debtor under a plan confirmed under this subchapter. After her appointment as the Chapter 7 Trustee, Slott moved the Bankruptcy Court for an order substantively consolidating Raw Materials Corp., Raw Energy Materials, Corp., Global Energy Sciences, LLC, and Raw, LLC and their assets and liabilities into the estate. The Bankruptcy Court granted the Consolidation Motion. In 2023, Slott, as Chapter 7 Trustee, initiated an adversary proceeding in the No Rust matter against Smith. The operative complaint in that action was filed on August 2, 2023, and seeks to avoid certain post-petition transfers Smith had made. The litigation between the parties proceeded normally until December 2, 2024 -- over a year after Smith submitted his answer -- when Smith filed a motion to amend his response to Slott's amended complaint. In his motion to amend, Smith sought permission to add a counterclaim to his response. Smith's would-be-counterclaim sought a declaration that Smith "did not commit fraud," "was not dishonest," and "was not incompetent" "in his management of the debtor" -- and that he "did not mismanage the debtor." The Bankruptcy Court denied Smith's motion to amend because it found that his proposed counterclaim was an impermissible collateral attack on the Conversion and Consolidation Orders -- and that it was thus barred by the doctrine of res judicata. The Court found that the factual findings underpinning the Conversion Order precluded Smith's declaratory-judgment counterclaim, which expressly attacked those findings. According to the District Court, the Bankruptcy Court is correct that Smith's proposed counterclaim, if successful, would directly contradict the Conversion Order's finding that Smith operated No Rust incompetently (at best) and fraudulently or dishonestly (at worst). The District Court agrees that Smith's pending appeal of the substantive Consolidation Order before the 11th Circuit precludes the Bankruptcy Court from altering or amending the Conversion Order, which forms the gravamen of the Main Bankruptcy Case. A copy of the Court's Order dated January 14, 2026, is available at https://urlcurt.com/u?l=4NT94l from PacerMonitor.com. About No Rust Rebar No Rust Rebar is a Pompano Beach, Fla.-based company that manufactures and sells composite reinforcement for concrete. No Rust Rebar filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No, 21-12188) on March 5, 2021. Don Smoth, president, signed the petition. At the time of the filing, the Debtor disclosed $1,763,496 in assets and $4,378,630 in liabilities. Judge Peter D. Russin oversees the case. Kevin Christopher Gleason, Esq., at Florida Bankruptcy Group, LLC, serves as the Debtor's legal counsel. The case was converted to Chapter 7 in May 2022. Sonya Salkin Slott is the Chapter 7 trustee. NOBLE PROPERTY: Carol Fox of GlassRatner Named Subchapter V Trustee ------------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Carol Fox of GlassRatner as Subchapter V trustee for Noble Property, LLC. Ms. Fox will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Fox declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Carol Fox GlassRatner 200 East Broward Blvd., Suite 1010 Fort Lauderdale, FL 33301 Tel: 954.859.5075 Email: cfox@brileyfin.com About Noble Property LLC Noble Property, LLC, a Miami-based company, filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10407) on January 14, 2026, with $1 million to $10 million in assets and liabilities. Nabil Abu Nahlah, member, signed the petition. Judge Robert A. Mark presides over the case. Rodolfo H. De La Guardia, Esq., at De La Guardia & Saladrigas represents the Debtor as legal counsel. NOURISH BUYER: $150MM Upsized Loan No Impact on Moody's 'B3' CFR ---------------------------------------------------------------- Moody's Ratings said Nourish Buyer I, Inc.'s ("Actus Nutrition" or "Actus") upsizing and repricing of its upsized senior secured first lien term loan due 2032 does not affect the company's ratings including the B3 Corporate Family Rating and a B3-PD Probability of Default Rating. The B3 ratings on the term loan and $250 million senior secured first lien revolving credit facility expiring in 2030 are also unchanged. The outlook remains positive. Actus is issuing a fungible $150 million addon as part of the repricing of the $1.12 billion term loan that was announced on January 12, 2026. Proceeds from the incremental debt will be used to pay a dividend of an equivalent amount to Butterfly Equity and other equity owners. The transaction is credit negative because it increases leverage and raises interest expense by roughly $6 million. Moody's took no action the ratings and the outlook remains positive outlook because Moody's anticipates leverage will decline as a result of strong consumer demand that is driving good earnings growth. Demand for dairy-derived proteins is strong and is benefitting from consumer trends centered on health and wellness and higher consumption of protein in health focused diets. Actus' capital investments into more plant capacity and expansion into casein and caseinate is supporting strong volume growth and increasing product and end-market diversification. While net ingredient margins as a percent of sales and the EBITDA margin have weakened due to higher input costs, profitability remains strong and is benefiting from very strong high-20's year-over-year sales growth year-to-date. Moody's expects debt-to-EBITDA leverage will decline to a mid-4.0x by fiscal year ending June 2026 from roughly 5.4x for the last 12 months ended December 2025 pro forma for the upsized term loan. The rating and outlook are also supported by the company's good liquidity including $20 million in cash, undrawn $250 million revolving credit facility, and an expected free cash flow of roughly $50-$60 million in 2026 excluding the dividend. Moody's accounted for a debt-funded cash distribution to the sponsor when Moody's assigned the rating and outlook on June 16, 2025. The increase in debt is aggressive but aligns with Moody's original expectations. RATINGS RATIONALE Actus Nutrition's B3 CFR reflects the company's high leverage following the planned dividend announced in January 2026, and earnings and cash flow sensitivity to fluctuations in end-market dairy protein pricing and input commodity costs. Actus can partially mitigate commodity exposure through supplier and customer contracts that allow for ongoing spread renegotiation or that have embedded toll escalators as well as through the use of derivative hedges and forward contracts. However, the company has faced meaningful earnings pressure as recently as 2023 when whey volumes and prices contracted. Moody's views financial policies as aggressive under private equity ownership including operating with high financial leverage and the willingness to fund multiple shareholder distributions with debt since Butterfly acquired the company in February 2023. The company has generated limited free cash flow over the last four years due in part to capital spending and investments to grow capacity and expand capabilities in more advance products such as casein, caseinate and lactoferrin, a high interest burden, and working capital. There is good potential for free cash flow to improve over the next few years through a moderation of capital spending and realization of growth from the investments. The ratings are supported by Actus Nutrition's strong market position as a leading producer of dairy-derived protein ingredients and products, and secured access to liquid whey and other raw materials via strategically located plants and contracts with milk processors. The company benefits from high barriers to entry and maintains strong relationships with both suppliers and customers. Demand for dairy-derived proteins is strong and is benefiting from consumer trends centered on health and wellness and higher consumption of protein in health-focused diets. Actus' capital investments into more plant capacity and expansion into casein and caseinate is supporting strong volume growth and increasing product and end-market diversification. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The positive outlook reflects Moody's expectations that favorable consumer trends focused on health and wellness will continue to drive strong demand for dairy-derived protein ingredients and products. The positive outlook also reflects Moody's expectations that the company will generate good free cash of around $50 to $60 million and for debt-to-EBITDA leverage to decline to the mid-4.0x area over the next 12-18 months due to earnings growth and debt repayment. Moody's also assumes in the positive outlook that the company will maintain good liquidity and refrain from additional shareholder distributions. The ratings could be upgraded if the company is able to demonstrate steady revenue growth and EBITDA margin that support comfortably positive free cash flow and facilitate debt repayment and deleveraging. An upgrade would require debt-to-EBITDA leverage sustained below 5.5x and for the company to maintain more conservative financial policies that support leverage below this level and consistent positive free cash flow. An upgrade would also require the company to maintain good financial flexibility through commodity cycles and good liquidity. The ratings could be downgraded if EBITDA deteriorates due to factors such as input cost increases, growth in alternative proteins, lost market share or deterioration in protein pricing. The rating could also be downgraded if the company does not consistently generate positive free cash flow or if EBITDA less capital expenditures to interest is sustained below 1.5x. Headquartered in Eden Prairie, Minnesota, Actus Nutrition is a leading independent manufacturer of dairy protein ingredients and products for human nutrition products including sports nutrition, health and wellness, infant formula, and food manufacturing, as well as for animal nutrition end markets. Actus' products include whey protein isolate and concentrate, milk protein concentrate, casein, caseinate, and co-products such as milk carbohydrates, calf milk replacers, and Energy Booster. Actus Nutrition (then Milk Specialties Global) was acquired by Butterfly Equity from the previous owner American Securities in February 2023. Revenues for the 12 months ended December 2025 were roughly $2.1 billion. NOVA AT SUMMER: USC 433 Hebron Loses Bid to Dismiss Bankruptcy Case ------------------------------------------------------------------- Judge Pamela W. McAfee of the United States Bankruptcy Court for the Eastern District of North Carolina denied USC 433 Hebron LLC's motion to dismiss the bankruptcy case of Nova at Summer Meadow Owner, LLC. On November 26, 2025, USC 433 Hebron LLC filed the motion, contending that the debtor lacked proper authority under the Limited Liability Company Agreement to file the petition. The court finds that the debtor had authority as required under the operating agreement to file the chapter 11 petition, either at the time of filing or as ratified thereafter. Accordingly, the motion to dismiss is denied. A copy of the Court's Order dated January 15, 2026, is available at https://urlcurt.com/u?l=ZkYcv5 from PacerMonitor.com. About Nova at Summer Meadow Owner Nova at Summer Meadow Owner, LLC is a Raleigh, North Carolina-based multifamily real estate holding company that owns the Nova at Summer Meadows apartment community. Nova at Summer Meadow Owner sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03953) on October 7, 2025. In its petition, the Debtor reported assets and liabilities between $10 million and $50 million. Judge Pamela W. Mcafee oversees the case. The Debtor is represented by Joseph Z. Frost, Esq., at Buckmiller & Frost, PLLC. OAK GROVE: Seeks to Hire Jones & Walden LLC as Bankruptcy Counsel ----------------------------------------------------------------- Oak Grove Stor-All, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Jones & Walden LLC as counsel. The firm will render these services: (a) prepare pleadings and applications; (b) conduct of examination; (c) advise the Debtors of their rights, duties and obligations as debtors-in-possession; (d) consult with the Debtor and represent it with respect to their Chapter 11 plan and disclosure statement; and (e) perform those legal services incidental and necessary to the day-to-day operations of the Debtor's business; (f) take any and all other action incident to the proper preservation and administration of the Debtor's estate and business. The firm has stated present fee rates of $300 to $500 per hour for attorneys and $150 to $250 per hour for paralegals and law clerks. The firm holds a $27,627 security retainer. Leon S. Jones, Esq., a partner at Jones & Walden, disclosed in a court filing that the firm is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Leon S. Jones, Esq. JONES & WALDEN LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 Email: ljones@joneswalden.com About Oak Grove Stor-All LLC Oak Grove Stor-All, LLC operates a storage facility in Dahlonega, Georgia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20015) on January 5, 2026. In the petition signed by Blair Housley, chief executive officer, the Debtor disclosed up to $1 million in both assets and liabilities. Bethany Strain, Esq., at Jones & Walden LLC, represents the Debtor as legal counsel. ONE GATEWAY: Seeks to Hire Levis Law Firm as Bankruptcy Counsel --------------------------------------------------------------- One Gateway Blvd., LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Georgia to hire Levis Law Firm, LLC as its counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties; (b) prepare legal papers; (c) prepare pleadings and applications and conduct examinations incidental to the estate's administration; (d) take any and all necessary action to the proper preservation and administration of the estate; (e) assist the Debtor with the preparation and filing of a statement of affairs and schedules as appropriate; and (f) perform all other legal services for the Debtor. The hourly rates of the firm's counsel and staff are: Attorneys $350 Paralegals $90 The firm received a retainer in the amount of $8,000. Jon Levis, Esq., a member at Levis Law Firm, disclosed in a court filing that the firm is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Jon A. Levis, Esq. LEVIS LAW FIRM, LLC Post Office Box 129 Swainsboro, GA 30401 Telephone: (478) 237-7029 Email: levis@merrillstone.com About One Gateway Blvd., LLC One Gateway Blvd., LLC is a single-asset real estate company that owns and operates a hospitality property located at 1 East Gateway Boulevard in Savannah, Georgia, with operations focused on the ownership and management of a hotel property serving the local traveler accommodation market. One Gateway Blvd., LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ga. Case No. 25-40010) on January 6, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Mark Edwards as managing member. Jon Levis, Esq. at LEVIS LAW FIRM, LLC represents the Debtor as counsel. PACIFIC STREET: Wilmington Trust Wants Trigild as Receiver ---------------------------------------------------------- Wilmington Trust, National Association, as Trustee for the Registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Multifamily Mortgage Pass-Through Certificates, filed a motion with the U.S. District Court for the Eastern District of New York, seeking the appointment of Ian Lagowitz of Trigild IV as receiver for Pacific Street Property Group LLC. On October 4, 2019, Pacific Street Property Group LLC borrowed $1,723,000 from Sabal Capital II, LLC, the original lender. The Loan is secured by a mortgage on certain real property with a street address of 1442 Pacific Street, Brooklyn, New York 11226, and all improvements, personal property, and fixtures. The Property includes a four-story multifamily apartment with 8 rentable units in Brooklyn, New York. In connection with the Loan, the Borrower agreed and is obligated to make monthly payments of debt service and other amounts specified in the Loan Documents. The Borrower failed to make the monthly Debt Service Payments for the months of January 2025 through October 2025. The Borrower's failure to make Debt Service Payments as and when due under the Loan Documents constitutes an "Event of Default." As a result of the Events of Default, Wilmington Trust elected to accelerate the indebtedness owed under the Note and other Loan Documents and commenced this foreclosure action. The Borrower has failed to repay the indebtedness in full despite demand from the Lender and remains in default. As of October 31, 2025, the unpaid amounts due and owing under the Note include the principal balance of $1,554,651, together with interest, at the Default Rate, and any and all fees and costs incurred by the Lender in connection with the collection of the amounts due and owing under the Loan Documents. Pursuant to the terms of the applicable documents executed by the Borrower when it accepted more than $1 million in Loan proceeds, the Borrower expressly agreed that a receiver may be appointed ex parte to take control of the Property upon its default. Further, the appointment of a receiver is necessary to protect the Property at a time when Borrower has failed or otherwise refused to make its required Debt Service Payments to Wilmington Trust and has failed to pay to the Lender the entire outstanding Indebtedness and all other amounts due and owing under the Note and other Loan Documents following acceleration. Wilmington Trust notes that the Second Circuit has held, "[i]t is entirely appropriate for a mortgage holder to seek the appointment of a receiver where the mortgage authorizes such appointment, and the mortgagee has repeatedly defaulted on conditions of the mortgage which constitute one or more events of default." Wilmington Trust also contends federal and New York state courts commonly appoint receivers when the underlying mortgage contains a provision providing for the appointment of a receiver upon default. The Lender also points out that in the Loan Documents, the Borrower expressly agreed that the Lender is entitled to the appointment of a receiver upon the Borrower's default. In fact, the Borrower expressly consented to such relief upon Borrower's default in, among other places, the Security Instrument. The Borrower is in default, and an Event of Default has occurred, due to Borrower's failure to make the required monthly payment of debt service for the months of January 2025 through October 2025. Accordingly, under the terms of the Loan Documents and applicable law, the Lender is unequivocally entitled to the appointment of a receiver. Wilmington Trust contends that, absent appointment of a receiver, the rents and income from the Property are in danger of being diminished, transferred, and concealed from the Lender, particularly where the Borrower is in default and may no longer have a vested interest in maintaining or managing the Property. Similarly, the Lender's interest in the Property may be lost or materially diminished if the Property is not managed and protected by a court-appointed receiver. This is already evidenced by the Borrower's failure to pay water bills and failure to pay insurance premiums for the Property. Moreover, appointment of a receiver to protect and manage the Property pending foreclosure or other disposition of the same through the receivership will be beneficial to all parties and is necessary to protect the health, safety, and welfare of the tenants (and visitors) of the Property. Wilmington Trust says Ian Lagowitz of Trigild has extensive experience acting as a court-appointed receiver, leasing agent, and property manager for multifamily properties in the New York City metropolitan area. About Pacific Street Property Group LLC Pacific Street Property Group LLC is a real estate company that offers property sales, mortgage calculator, rental property, property valuation, and property management services. Pacific Street is facing a receivership case captioned as Wilmington Trust, National Association, as Trustee for the Registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Multifamily Mortgage Pass-Through Certificates, Series 2020-SB71, v. Pacific Street Property Group LLC; Joshua Soufeh; The City of New York Environmental Control Board; and John Doe No. I Through John Doe No. XXX, Case No. 2:25-cv-06210 (E.D.N.Y.), before the Hon. Brian M. Cogan. The case was filed on Nov. 6, 2025. Attorneys for plaintiff: Carter J. Wallace, Esq. POLSINELLI PC 600 Third Avenue, 42nd Floor New York, NY 10016 Tel: (212) 803-9914 E-mail: cwallace@polsinelli.com PATHFINDER AUTO: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Pathfinder Auto Recovery, LLC 2043 Ponderosa Street, Suite B Portsmouth, VA 23701 Business Description: Pathfinder Auto Recovery, LLC, a Purple Heart Veteran-Owned business based in Portsmouth, Virginia, provides vehicle repossession and asset recovery services, including skip tracing, involuntary repossession, and asset location. The Company serves lenders nationwide and operates 24 hours a day, focusing on locating and recovering collateral. Chapter 11 Petition Date: January 19, 2026 Court: United States Bankruptcy Court Eastern District of Virginia Case No.: 26-70131 Debtor's Counsel: Paul Driscoll, Esq. ZEMANIAN LAW GROUP 6464 Hampton Boulevard, Suite A Norfolk, VA 23508 Tel: (757) 622-0090 Email: paul@zemanianlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Corey Rowson as member manager. 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/NAAAATI/Pathfinder_Auto_Recovery_LLC__vaebke-26-70131__0001.2.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/M3XUUIA/Pathfinder_Auto_Recovery_LLC__vaebke-26-70131__0001.0.pdf?mcid=tGE4TAMA PINE GATE: Feb. 18 Hearing to Confirm Chapter 11 Exit Plan ---------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas approved the Disclosure Statement for the Joint Chapter 11 Plan of Pine Gate Renewables, LLC and its debtor affiliates. The Disclosure Statement is approved as containing adequate information within the meaning of section 1125 of the Bankruptcy Code, and the Debtors are authorized to distribute the Disclosure Statement and the Solicitation Packages in order to solicit votes on, and pursue confirmation of, the Plan. Pursuant to Bankruptcy Rules 3020(b)(2) and 9006(c), the Confirmation Hearing will be on February 18, 2026, at 1:00 p.m. (prevailing Central Time) (subject to the Court's availability). Pursuant to Bankruptcy Rule 3020(b)(1), the deadline to file any objections to confirmation of the Plan and the voting deadline to accept or reject the Plan will be February 13, 2026 at 4:00 p.m. (prevailing Central Time), which deadline may be extended, without further order of the Court, by the Debtors. The voting deadline to accept or reject the Plan is 4:00 p.m. (prevailing Central Time), on February 13, 2026, unless extended by the Debtors. As shared by the Troubled Company Reporter, Pine Gate Renewables LLC and its affiliates submitted a First Amended Joint Chapter 11 Plan and Amended Disclosure Statement dated January 11, 2026. The Debtors commenced these Chapter 11 Cases to complete, under section 363 of the Bankruptcy Code, an already-pending, competitive marketing and sale process for their assets, and then to confirm and implement a chapter 11 plan. That process culminated in three agreements for the separate sale of three key portfolios of the Debtors' assets, as authorized by the 363 Sale Orders pursuant to asset purchase agreements by and among the Debtors, as sellers, and FR Acquisition Holdings LLC (with respect to the Fundamental Assets, excluding the Sunstone Project), Oregon Solar 1, LLC (with respect to the Sunstone Project), Thigpen Asset Management, LLC (with respect to the ACT Assets), BII BID Solar II Aggregator, LP (with respect to the Brookfield Assets), and Nofar USA Energy Investments and Management LLC (with respect to the Carlyle Assets), as the winning bidders, together with Summit Infrastructure LLC, as back-up bidder for the Carlyle Assets, if applicable, as purchasers. On December 19, 2025, the Bankruptcy Court entered an order pursuant to section 363 of the Bankruptcy Code approving the sale of the Brookfield Assets. On January 5, 2026, the Bankruptcy Court entered an order pursuant to section 363 of the Bankruptcy Code approving the sale of the Carlyle Assets to a third-party bidder, Nofar with the consent of Carlyle. The Debtors intend to close the 363 Sale Transactions promptly after entry of the 363 Sale Orders (subject to any extension of the applicable end date under the applicable purchase agreement(s), including for the purpose of obtaining necessary regulatory approvals). Under the 363 Sale Transaction Documentation, the Successful Bidder(s) will acquire the applicable assets free and clear of all Liens and Claims (except for those Liens and Claims expressly assumed) to the extent set forth in the 363 Sale Orders, and, if applicable, will deliver the sale proceeds to the Debtors in accordance with the terms of the 363 Sale Transaction Documentation. Following the Effective Date (or as soon as reasonably practicable thereafter), the Disbursing Agent (which may be the Plan Administrator or the GUC Trustee, as applicable) will make initial and subsequent Distributions to Holders of Allowed Claims in accordance with the timing and procedures in Article 7.1 of the Plan, including the establishment and administration of Disputed Claims Reserves under Article 8.4 and the delivery mechanics in Article 8.5. To the extent the Disputed Administrative Claims Reserve is over funded after all Administrative Claims are resolved, the remaining Cash will revert to the Wind Down Reserve for further administration. To the extent the Disputed General Unsecured Claims Reserve is over funded after all General Unsecured Claims are resolved, the remaining Cash will revert to the GUC Trust. On March 4, 2024, prior to the Petition Date, Joshua and Amanda Miller commenced an action captioned Miller, et al. v. BRP Construction, Inc., et al., No. 24EV001728, in the State Court of Fulton County, Georgia, seeking damages for injuries allegedly sustained in connection with a motor vehicle accident that occurred on or about April 30, 2022. On December 19, 2025, the Millers filed their Emergency Motion for Relief from the Automatic Stay, and, on December 30, 2025, the Debtors filed an objection to the motion. On January 9, 2026, the Debtors and the Millers jointly filed their Stipulation and Agreed Order Resolving Joshua Miller and Amanda Miller's Emergency Motion for Relief from the Automatic Stay. This stipulation modifies the automatic stay solely to the extent necessary to permit the Millers to pursue their claims pending in the State Court Litigation; provided, that any such recovery in connection with the State Court Litigation will be limited solely to available proceeds of the Debtors' applicable insurance policies, and the Millers will not be entitled to recovery from any of the Debtors, their estates, or any trust established under the Plan, including, for the avoidance of doubt, any GUC Trust or other trust set up for the benefit of holders of unsecured claims against the Debtors. Class 4 consists of all General Unsecured Claims. In full and final satisfaction, compromise, settlement, and release of its Claim (unless the applicable Holder agrees to a less favorable treatment), each Holder of an Allowed General Unsecured Claim will receive GUC Trust Interests, entitling it to receive its Pro Rata Share of the GUC Trust Net Assets. Class 4 is Impaired under the Plan. Holders of General Unsecured Claims are entitled to vote on the Plan and will receive Ballots. Article 5.11(a) of the Plan provides that, on or prior to the Effective Date, the GUC Trust will be established, and the GUC Trust Assets will vest directly in, and be transferred, including pursuant to section 1123(a)(5)(B) of the Bankruptcy Code, to the GUC Trust automatically, without further action of the Bankruptcy Court or any Person, free and clear of all Claims and Liens. Under no circumstance will the Debtors or any other party be required to contribute any assets to the GUC Trust other than the GUC Trust Assets, except as set forth in the Plan, the Confirmation Order, the Committee Settlements, or agreed to by the applicable parties. A full-text copy of the First Amended Plan and Disclosure Statement dated January 11, 2026, is available at https://urlcurt.com/u?l=fH4r5C from Omni Agent Solutions, Inc., claims agent. Counsel for the Debtors: Ray C. Schrock, Esq. Andrew M. Parlen, Esq. Alexander W. Welch, Esq. LATHAM & WATKINS LLP 1271 Avenue of the Americas New York, NY 10020 Telephone: (212) 906-1200 Email: ray.schrock@lw.com andrew.parlen@lw.com alex.welch@lw.com - and - Jason B. Gott, Esq. Jonathan C. Gordon, Esq. LATHAM & WATKINS LLP 330 N. Wabash Avenue, Suite No. 2800 Chicago, IL 60611 Telephone: (312) 876-7700 Email: jason.gott@lw.com jonathan.gordon@lw.com - and - Timothy A. Davidson II, Esq. Philip M. Guffy, Esq. Brandon Bell, Esq. HUNTON ANDREWS KURTH LLP 600 Travis Street, Suite 4200 Houston, TX 77002 Telephone: (713) 220-4200 Email: taddavidson@Hunton.com pguffy@Hunton.com bbell@Hunton.com A copy of the Court's Order dated January 14, 2026, is available at https://urlcurt.com/u?l=FaXoJ4 from PacerMonitor.com. About Pine Gate Renewables Pine Gate Renewables, LLC, develops, finances, constructs, and operates renewable energy projects across the United States. Founded in 2016, the Company manages an operational portfolio of more than two gigawatts of solar and storage assets and maintains a development pipeline exceeding 30 gigawatts. It has arranged and secured roughly $10 billion in project financing and capital investment and, through its wholly owned subsidiary ACT Power Services, provides operations and maintenance support for over seven gigawatts of third-party solar and storage facilities. Pine Gate Renewables and 118 affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90669) on Nov. 6, 2025. In the petition signed by Ray Shem as president and chief financial officer, Pine Gate estimated assets on a consolidated basis of $1 billion to $10 billion and liabilities on a consolidated basis of $1 billion to $10 billion. The Hon. Christopher M. Lopez is the case judge. The Debtors tapped HUNTON ANDREWS KURTH LLP and LATHAM & WATKINS LLP as counsel. ALVAREZ & MARSAL NORTH AMERICA, LLC, is the Debtors' financial advisor, and LAZARD FRERES & CO. LLC is the investment banker. OMNI AGENT SOLUTIONS, INC., is the claims agent. PPF FARMS: Section 341(a) Meeting of Creditors on February 10 ------------------------------------------------------------- On January 5, 2026, PPF Farms, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. A meeting of creditors filed by US Trustee under Section 341(a) to be held on 2/10/2026 at 10:00 AM via Telephonic Dial-In Information. About PPF Farms, LLC PPF Farms, LLC is a Cooper, Texas-based agricultural company engaged in farming and crop production, operating in Delta County and serving the regional agricultural market. The Company's activities are closely linked to cotton production, with operations associated at the same location as PPF Gin & Warehouse, LLC, a cotton ginning and processing facility. PPF Farms, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-40062) on January 5, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $1 million to $10 million. Honorable Bankruptcy Judge Brenda T. Rhoades is presiding over the case. The Debtor is represented by Brandon Tittle, Esq. of Tittle Law Firm, PLLC. PRAESUM HEALTHCARE: Court OKs Sale of Behavioral Health Business ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division has granted Praesum Healthcare Services, LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Florida limited liability company located in Lake Worth, Florida. Praesum Healthcare provides administrative services to each of the 27 other Debtors, which each operate treatment facilities. The Debtors conducted an auction on January 16, 2026 and the bid of Mayfair / Mandi Group et al. and the Debtors have determined as the highest and best offer for the assets. The Buyer has submitted a Letter of Intent and any other ancillary documents that detail the purchase agreement between parties. https://urlcurt.com/u?l=aqADmw Actual written notice of, and a fair and reasonable opportunity to object to and to be heard with respect to the Motion, the Sale Transaction and the sale of the Purchased Assets free and clear of any Claims has been given, as required. The Debtors have demonstrated good, sufficient, and sound business purposes and justifications for approval of the Sale Transaction. The Debtors and the Buyer complied in all respects with the bidding procedures set forth in this Court. The Debtors and their advisors engaged in a robust and extensive marketing process, which was designed to obtain the highest value for the Purchased Assets. The Debtors conducted a fair and open sale process. The Debtors and the Buyer, and their respective counsel and advisors, have negotiated, proposed and entered into the Sale Transaction, the Letter of Intent, the other Transaction Documents and each of the transactions contemplated therein in good faith, without collusion and from arm’s-length bargaining positions. The Debtors may sell the Purchased Assets free and clear of all liens and claims. The Purchased Assets constitute property of the Debtors’ estates, and good title is vested in the Debtors’ estates within the meaning of Section 541(a) of the Bankruptcy Code. The Court has authorized the Debtor to sell the Property to the Buyer in the purchase price of $20,000,000. By no later than January 23, 2026, the Debtors (or a duly appointed Chapter 11 trustee) shall use the proceeds of the Purchase Price (or if the Closing has not yet occurred, the Deposit) to pay in full all outstanding DIP Obligations. Praesum is one of the largest independent behavioral healthcare providers in the eastern United States, serving more than 15,000 patients each year- in New Jersey alone it cares for 10% of the Statewide admissions for detox and residential services. The organization is in network with over 50 insurance companies, including CMS/Medicare and Medicaid, and provides a full continuum of care for individuals and families seeking treatment for addiction and mental health disorders. Neither the Debtors nor the Buyer has engaged in any conduct that would cause or permit the Sale Transaction to be avoided or costs and damages to be imposed under Section 363(n) of the Bankruptcy Code. About Praesum Healthcare Services, LLC Praesum Healthcare Services LLC operates a network of behavioral health and addiction treatment facilities across the United States, offering a full continuum of care that includes medical detoxification, residential rehabilitation, and outpatient counseling. The Company's brands include Sunrise Detox, which provides medically supervised detox services, Evolve Recovery Center, which delivers residential treatment programs, and The Counseling Center, which offers outpatient and intensive outpatient therapy, with locations in multiple states including New Jersey, New York, Massachusetts, Georgia, and Florida. Founded in 2004, Praesum Healthcare manages more than two dozen centers under these brands, serving individuals with substance use disorders and co-occurring mental health conditions. Praesum Healthcare Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-19335) on August 13, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq., at Shraiberg Page, PA. City National Bank of Florida, as lender, is represented by Alexandra D. Blye, Esq., at Carlton Fields, P.A., in West Palm Beach, Florida. PRAESUM HEALTHCARE: Court Orders Appointment of Chapter 11 Trustee ------------------------------------------------------------------ A U.S. bankruptcy judge ordered the appointment of a Chapter 11 trustee in the bankruptcy cases of Praesum Healthcare Services, LLC and affiliates. Judge Erik Kimball of the U.S. Bankruptcy Court for the Southern District of Florida issued an order granting the motion by Guy Van Baalen, Acting U.S. Trustee for Region 21, to authorize the appointment of an independent trustee to take over the companies' Chapter 11 cases. In his January 15 motion, Mr. Baalen alleged the companies engaged in gross mismanagement that jeopardized their operations. Mr. Baalen cited the companies' delinquent monthly operating reports and the termination of legal counsel before the asset sale. The Acting U.S. Trustee warned the companies could cease operations for lack of funds if no sale closed by January 24. "The [companies'] termination of counsel prior to a sale of substantially all of the [companies'] assets establishes that the [companies'] have no interest in resolving the issues that caused these bankruptcy petitions to be filed and further illustrates the [companies'] gross mismanagement," Mr. Baalen said in the court filing. For the past four months, the companies have struggled to secure funding to reorganize or sell their operations, seeking and obtaining approval for post-petition financing to avoid shutdown. The companies have been negotiating a sale for more than a month, with a stalking horse bidder in place, and as recently as January 14 continued efforts to attract additional bidders to generate higher and better offers. About Praesum Healthcare Services Praesum Healthcare Services LLC operates a network of behavioral health and addiction treatment facilities across the United States, offering a full continuum of care that includes medical detoxification, residential rehabilitation, and outpatient counseling. The Company's brands include Sunrise Detox, which provides medically supervised detox services, Evolve Recovery Center, which delivers residential treatment programs, and The Counseling Center, which offers outpatient and intensive outpatient therapy, with locations in multiple states including New Jersey, New York, Massachusetts, Georgia, and Florida. Founded in 2004, Praesum Healthcare manages more than two dozen centers under these brands, serving individuals with substance use disorders and co-occurring mental health conditions. Praesum Healthcare Services LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 25-19335) on August 13, 2025. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $10 million and $50 million. Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq., at Shraiberg Page, PA. City National Bank of Florida, as lender, is represented by: Alexandra D. Blye, Esq. Carlton Fields, P.A. 525 Okeechobee Boulevard, Suite 1200 West Palm Beach, FL 33401 Telephone: (561) 659-7070 ablye@carltonfields.com PROTRADE LOGISTICS: Ira Bodenstein Named Subchapter V Trustee ------------------------------------------------------------- The U.S. Trustee for Region 11 appointed Ira Bodenstein as Subchapter V trustee for Protrade Logistics Corporation. Mr. Bodenstein will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Bodenstein declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. About Protrade Logistics Corporation Protrade Logistics Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00518) on January 13, 2026, with $100,001 to $500,000 in assets and liabilities. Judge Timothy A. Barnes presides over the case. Richard N. Golding, Esq., at the Law Offices of Richard N. Golding, P.C. represents the Debtor as bankruptcy counsel. PULSE STAGE: Nancy Isaacson Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Regions 3 and 9 appointed Nancy Isaacson, Esq., at Greenbaum, Rowe, Smith & Davis, LP, as Subchapter V trustee for Pulse Stage Lighting, LLC. Ms. Isaacson will be paid an hourly fee of $500 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Isaacson declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nancy Isaacson, Esq. Greenbaum, Rowe, Smith & Davis, LP 75 Livingston Avenue Roseland, NJ 08068 Phone: (973) 535-1600 Email: nisaacson@greenbaumlaw.com About Pulse Stage Lighting LLC Pulse Stage Lighting, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-10188) on January 8, 2026, with $100,001 to $500,000 in assets and liabilities. Joseph Casello, Esq., at Collins, Vella & Casello represents the Debtor as legal counsel. QUANTUM CORP: Dialectic Entities Hold 41.3% Equity Stake -------------------------------------------------------- Dialectic Technology SPV LLC, Dialectic Technology Manager LLC, and John Fichthorn, disclosed in a Schedule 13D (Amendment No. 2) filed with the U.S. Securities and Exchange Commission that as of January 8, 2026, they beneficially own 9,663,957 shares of common stock (for Dialectic entities; consisting of 2,653,308 shares issuable upon exercise of the Forbearance Warrant and 7,010,649 shares issuable upon conversion of the Convertible Notes following the automatic quarterly reset of the Conversion Price to $7.8050 effective December 31, 2025; Mr. Fichthorn beneficially owns an aggregate 9,691,228 shares, including an additional 27,271 shares directly held (10,866 shares plus 16,405 RSUs)) of QUANTUM CORP /DE/'s common stock, par value $0.01 per share, representing 41.3% (41.4% for Mr. Fichthorn) of the 13,721,291 shares outstanding (as of November 11, 2025, as reported in the Company's Form 10-Q filed on November 13, 2025). Dialectic Technology SPV LLC may be reached through: John Fichthorn, Authorized Signatory 119 Rowayton Avenue Rowayton, CT 06853 Tel: 212-230-3220 A full-text copy of Dialectic Technology SPV LLC's SEC report is available at: https://tinyurl.com/mwcrkaev About Quantum Corporation Quantum Corporation, together with its consolidated subsidiaries, stores and manages digital video and other forms of unstructured data, providing streaming performance for video and rich media applications, along with low-cost, long-term storage systems for data protection and archiving. The Company helps customers around the world capture, create and share digital data and preserve and protect it for decades. As of September 30, 2025, the Company had $137.7 million in total assets, $298.2 million in total liabilities, and total deficit of $160.5 million. Bellevue, Wash.-based Grant Thornton LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated August 26, 2025, attached to the Company's Annual Report on Form 10-K for the year ended March 31, 2025, citing that the Company believes it will be in violation of the net leverage coverage covenant for the quarter ended September 30, 2025. The Company's plan contemplates the Company negotiating waivers to these covenants and is evaluating strategies to restructure or refinance the existing term debt. If the Company is unable to obtain additional waivers, the term debt will become immediately due, and additional liquidity will be required to satisfy the obligations. The Company's ability to achieve the foregoing elements of its business, which may be necessary to permit the realization of assets and satisfaction of liabilities in the ordinary course of business, is uncertain and raises substantial doubt about its ability to continue as a going concern. R & G HOME: Tom Howley of Howley Law Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Trustee for Region 7 appointed Tom Howley, Esq., at Howley Law, PLLC as Subchapter V trustee for R & G Home Concepts, LLC. 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 R & G Home Concepts LLC R & G Home Concepts, LLC, doing business as Katy Tile & Marble, operates a home improvement and remodeling business in Katy, Texas, offering kitchen and bathroom remodeling services as well as the sale and installation of flooring, including hardwood, luxury vinyl, laminate, tile, and natural stone, along with custom fabrication of quartz and granite countertops. It serves surrounding areas such as Fulshear, Sealy, Cypress, Richmond, Energy Corridor, Memorial, and Sugar Land. Founded in 2024, R & G Home Concepts manages a showroom and provides design, layout, and installation services for residential remodeling projects. R & G Home Concepts sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-30294) on January 15, 2026, with $1,200,665 in assets and $1,430,729 in liabilities. Gabriel Cruz Avila, owner, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Robert C. Lane, Esq., at The Lane Law Firm represents the Debtor as bankruptcy counsel. R INTERCONNECTIONS: Eric Huebscher Named Subchapter V Trustee ------------------------------------------------------------- The U.S. Trustee for Region 2 appointed Eric Huebscher of Huebscher & Co. as Subchapter V trustee for R Interconnections Inc. Mr. Huebscher will be paid an hourly fee of $300 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Huebscher declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Eric Huebscher Huebscher & Co. 301 E 87th St. - 20E New York, NY 10128 Phone: 917-763-3891 Email: ehuebscher@huebscherconsulting.com About R Interconnections Inc. R Interconnections, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-10033) on January 14, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Patrick G. Radel presides over the case. Michael Leo Boyle, Esq., at Boyle Legal, LLC represents the Debtor as legal counsel. REACHONE LLC: Seeks Chapter 11 Bankruptcy in California ------------------------------------------------------- On January 16, 2026, ReachOne LLC voluntarily filed for Chapter 11 bankruptcy in the Northern District of California. Court records indicate the company has debt of $1 million-$10 million owed to 1-49 creditors. About ReachOne LLC ReachOne LLC operates is a limited liability company. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40081) on January 16, 2026. Its petition lists estimated assets of $1 million-$10 million and estimated liabilities of $1 million-$10 million. The case is overseen by Honorable Bankruptcy Judge Charles Novack. REDDEN-WOOD & ASSOCIATES:Taps J Wiliam St Clair as Special Counsel ------------------------------------------------------------------ Redden-Wood & Associates, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to employ the J. Wiliam St. Clair, a licensed West Virginia attorney, as special counsel. The Debtor identified potential pre-petition causes of action against multiple merchant cash advance lenders / purchasers of future receivables. The Debtor requires legal representation in the prosecution of this litigation. Mr. St. Clair intends to charge an hourly rate of $450 for attorney's time and $110 for paraprofessional time and seeks to be reimbursed for all costs and expenses. Mr. St. Clair is disinterested, and does not represent or hold any interest adverse to the Debtor or the estate, according to court filings. The firm can be reached through: J. William St. Clair, Esq. Po Box 91327 Bexley, OH 43209-7327 About Redden-Wood & Associates, Inc. Redden-Wood & Associates, Inc., filed a Chapter 11 bankruptcy petition (Bankr. N.D.W. Va. Case No. 2:25-bk-00754) on Dec. 30, 2025, listing up to $50,000 in both assets and liabilities. The Debtor hires Johnson Legal Services, PLLC as counsel. REDFISH PROPERTY: U.S. Bank Loses Bid to Transfer Case Venue ------------------------------------------------------------ Judge Alfredo R. Perez of the United States Bankruptcy Court for the Southern District of Texas, Galveston Division, denied the motion of U.S. Bank Trustee National Association, in its capacity as Trustee of Greene Street Funding Trust II, to transfer venue of Redfish Property Holdings LLC's bankruptcy case from the Galveston Division to the Houston Division. U.S. Bank argues that this case should be transferred from the Galveston Division to the Houston Division for three reasons: (i) BLR 1002-1(b) requires this case to be filed in the Houston Division because the Debtor's "principal location" is in Harris County; (ii) the Debtor previously filed two bankruptcies in the Houston Division; and (iii) because the Debtor and U.S. bank are involved in litigation pending before the Houston Division of the United States District Court for the Southern District of Texas. U.S. Bank also generally argues that the Debtor filing in the Galveston Division is part of a bad faith forum shopping tactic. The Debtor opposes transfer and contends that its principal assets are located in Galveston County because a majority of the value of its real estate portfolio is made up of properties located in Galveston. It also argues that transferring this case from Galveston to Houston would not be convenient for the parties or promote the interest of justice. The Court notes looking at the value of the Debtor's assets, 53% to 54.6% of the value of its estate is located in the Galveston Division. Thus, because a majority of the Debtor's assets are in Galveston, the Debtor's principal assets are in Galveston. The Court respects the Debtor's choice of venue in Galveston and holds that U.S. Bank has not demonstrated that good cause exists to transfer venue. U.S. Bank has offered no argument or evidence that transferring this case to Houston will make these proceedings more convenient for the parties. Nor has U.S. Bank demonstrated that a transfer to the Houston Division would serve the interest of justice. The venue is proper in both the Houston and Galveston Divisions, and the Court finds that the Debtor chose to file this case in Galveston for its own convenience, not for any bad faith forum shopping purpose. Thus, because no reason for the transfer exists, this case will remain in the Galveston Division. A copy of the Court's Memorandum Opinion and Order dated January 18, 2026, is available at https://urlcurt.com/u?l=LVEoWS from PacerMonitor.com. About Redfish Property Holdings LLC Redfish Property Holdings LLC engages in the ownership and leasing of real estate properties. Redfish Property Holdings LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-80614) on December 1, 2025, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Ron Larson as manager. Judge Alfredo R. Perez presides over the case. Broocks M. Wilson, Esq. at WILSON FRIERY PLLC serves as the Debtor's counsel. REGIS UNIVERSITY: Moody's Cuts Issuer & Revenue Bond Ratings to B1 ------------------------------------------------------------------ Moody's Ratings has downgraded Regis University's (CO) (Regis) issuer and revenue bond ratings to B1 from Ba3. As of fiscal 2025, the university had $69.5 million in total debt outstanding. The outlook has been revised to stable from negative. The downgrade of Regis' issuer rating to B1 is driven by the University's net tuition revenue decline over the last several years, ongoing deficit operations, escalating debt service starting in FY26 and pressured operating environment. The revision of the outlook to stable reflects the university's stable liquidity relative to peers and the relative flexibility to match expenses to revenues, while seeking to monetize real estate holdings and diversify revenue. RATINGS RATIONALE Regis's B1 issuer rating incorporates its fair strategic positioning, as highly competitive conditions continue to result in lower enrollment levels and negative operating margins. Further, as a result of strained operations, overall liquidity remains weak with 104 days cash on hand and cash to operating expenses a limited 0.8x. Declining enrollment and student revenue combined with muted expense management will continue to pressure the university's operating performance. Narrow EBIDA margins in the low single digits and increasing debt service will likely pressure liquidity. Social considerations are a key driver of this rating action, as heightened competition and evolving demographic trends trends have led to a sustained erosion in net tuition revenue. Additionally, governance considerations are a key driver of this rating action, including financial strategy and risk management through a period of program investments that have not yielded the intended overall student revenue growth. Offsetting factors include the university's good scale relative to peers with operating revenue of $116 million in fiscal year 2025. Higher demand degree programs including those in nursing provide some stability to enrollment management prospects. Total cash and investments of $99 million along with total gift revenue of $9 million also aid credit quality. The B1 rating on the revenue bonds reflects the university's issuer rating and the general obligation characteristics of the bonds. RATING OUTLOOK The stable outlook incorporates expectations that the university will continue to face operational and enrollment challenges. However, cash stabilization and the recent sale of real estate with potential availability of additional land sale or development provide some potential for liquidity management as debt service commitments increase. The outlook also incorporates the absence of new debt and historical lack of reliance on operating lines of credit. FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS -- Material and sustained growth in financial reserves and liquidity to above $200 million in total cash and investments -- Strengthened operating performance that result in debt service coverage over 1.2x over a sustained period -- Increased student demand that results in material and consistent growth in net tuition revenue FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS -- Inability to achieve balanced operating performance in fiscal 2027 and beyond -- Inability to stabilize enrollment and net tuition revenue -- Decline in liquidity translating to less than 50 days monthly days cash on hand -- Material additional debt including reliance on lines of credit especially if combined with weak operating performance PROFILE Regis University, CO is a moderately sized Jesuit Catholic, private, not-for-profit university located in Denver, CO. Regis generated operating revenue of $116 million in fiscal 2025 and enrolled 3,770 full-time equivalent (FTE) students as of fall 2025. METHODOLOGY The principal methodology used in these ratings was Higher Education published in July 2024. REGISTER MEANT: Hires Michael H. Moody Law as Bankruptcy Counsel ---------------------------------------------------------------- Register Meant Company, Inc. got the green light from the U.S. Bankruptcy Court for the Northern District of Florida to employ Michael H. Moody Law, P.A. as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued operation of its business and management of its property; (b) negotiate, draft, and pursue all document necessary in this Chapter 11 case; (c) prepare on behalf of the Debtor legal papers necessary to the administration of its estate; (d) appear in Court and protect the interests of the Debtor before the Court; (e) assist with any disposition of the Debtor's assets, by sale or otherwise; (f) negotiate and take all necessary or appropriate actions in connection with any Chapter 11 plan and all related documents thereunder and transactions contemplated therein; (g) attend meetings and negotiate with representatives of creditors, the United States Trustee, and other parties-in-interest; (h) provide legal advice regarding bankruptcy law, corporate law, corporate governance, securities, employment, transactional, tax, labor, litigation, intellectual property and other issues to the Debtor in connection with its ongoing business operations; (i) take all necessary actions to protect and preserve the Debtor's estate; (j) perform other legal services for, and provide other necessary legal advice to, the Debtor, which may be necessary and proper in this Chapter 11 case. The firm will be paid at these hourly rates: Michael H. Moody, Esq. $450 Stephen Varnell, Esq. $350 Paralegals $250 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition advanced payment of $45,000 from the Debtor. Michael Moody, Esq., an attorney at the firm, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Michael Moody, Esq. Michael H. Moody Law, PA 1350 Market Street, Suite 224 Tallahassee, FL 32312 About Register Meant Company Inc. Register Meant Company, Inc sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-50003-KKS) on January 6, 2026. In the petition signed by Al Kaempfer, the Debtor disclosed up to $1 million in assets and upto $500,000 in liabilities. Judge Karen K. Specie oversees the case. Michael Moody, Esq., at Michael H. Moody Law, P.A., represents the Debtor as legal counsel. REGISTER MEANT: Hires Moore Ellison & McDuffie CPAs as Accountant ----------------------------------------------------------------- Register Meant Company, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Moore, Ellison, & McDuffie, CPAs, P.A., as accountant. The firm's services include: a. preparing or reviewing the monthly operating reports required by the bankruptcy court, as requested by Debtor; b. preparing or reviewing the financial budgets, projections, project cost and profitability estimates, as requested by Debtor; c. providing assistance in developing or reviewing plans of reorganization or disclosure statements, including tax ramifications, as requested by Debtor; d. other bankruptcy related issues to facilitate a Plan of Reorganization, as requested by Debtor; e. tax compliance filings and matters, as requested by Debtor; and f. review and analyze the reporting of any DIP financing arrangements and budgets, as requested by Debtor. The firm has agreed to charge $220 per hour for accountants and $145-165 per hour for staff assistance, plus reimbursement of actual necessary expenses and other charges incurred. As disclosed in the court filings, Moore, Ellison, & McDuffie, CPAs, P.A. is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Larry W. Lehman, CPA Moore Ellison & McDuffie, CPAs, P.A. 1350 Market Street, Suite 224 Tallahassee, FL 32312 Phone: (850) 877-3149 Fax: (850) 878-0474 Email: cpas@memcpas.com About Register Meant Company Inc. Register Meant Company, Inc sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-50003-KKS) on January 6, 2026. In the petition signed by Al Kaempfer, the Debtor disclosed up to $1 million in assets and upto $500,000 in liabilities. Judge Karen K. Specie oversees the case. Michael Moody, Esq., at Michael H. Moody Law, P.A., represents the Debtor as legal counsel. RELLIS CAMPUS: Creditors Committee Files Rule 2019 Statement ------------------------------------------------------------ In the Chapter 11 bankruptcy cases of Rellis Campus Data and Research Center, LLC and its debtor-affiliates, the statutory unsecured creditors committee filed with the United States Bankruptcy Court for the Southern District of Texas, Houston Division, a verified statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure to disclose the names, addresses, and disclosable economic interests as of the Formation Date, of the Committee members: A. Britt Rice Electric, LP Attn: Jeff Blanton 3002 Longmire Dr, Suite D College Station, TX 77845 Nature and Amount of Disclosable Economic Interests: 1) Unsecured claim for materials furnished and services rendered in an amount not less than $404,604; and 2) Claim secured by a subcontractor mechanic's and materialman's lien in an amount not less than $222,125.40 Relevant Debtor: RELLIS Campus Data and Research Center LLC B. College Station Plumbing Attn: Terry Service 716 Dover Dr. College Station, TX 77845 1) Unsecured claim for materials furnished and services rendered in an amount not less than approximately $350,000; and 2) Claim secured by a subcontractor mechanic's and materialman's lien in an amount not less than $70,650 Relevant Debtor: RELLIS Campus Data and Research Center LLC C. Houston Building Co. Attn: Matthew Wells 550 Club Dr. Montgomery, TX 77316 1) Claim for goods and services provided in an amount not less than $989,550 Relevant Debtor: RELLIS Campus Data and Research Center LLC About RELLIS Campus Data and Research Center, LLC RELLIS Campus Data and Research Center, LLC, and Optimus DataCenters, LLC are two non-operator entities owned by TenTech-3 Holdings, LLC, formed to develop and manage a data center on Texas A&M University's RELLIS Campus in Bryan, Texas. The RELLIS Campus, designed to foster innovation and technology for public and private sector applications, provides the setting for the planned facility along State Highway 21 on its northern side. The Debtors filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case No. 25-90666) on November 5, 2025. At the time of the filing, RELLIS listed between $10 million and $50 million in assets and liabilities, while Optimus DataCenters listed between $10 million and $50 million in assets and up to $50,000 in liabilities. Judge Alfredo R Perez oversees the cases. The Debtors tapped Christopher Adams, Esq., at Okin Adams Bartlett Curry, LLP, as legal counsel and Veritas Restructuring Group as restructuring and financial advisor. The Office of the United States Trustee for the Southern District of Texas appointed the Committee on November 20, 2025. Counsel for the Official Committee of Unsecured Creditors: J. Maxwell Beatty, Esq. R. J. Shannon, Esq. Ella A. Cornwall, Esq. SHANNON LEE BEATTY LLP 2100 Travis Street Houston, TX 77002 Tel: (713) 714-5770 Email: mbeatty@shannonleellp.com rshannon@shannonleellp.com ecornwall@shannonleellp.com RITE GUIDE: Seeks Chapter 11 Bankruptcy in Nevada ------------------------------------------------- On January 14, 2026, Rite Guide LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Nevada. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Rite Guide LLC Rite Guide LLC is a business services company that provides operational support and guidance solutions to its clients. The company focuses on managing internal processes and delivering consulting-style services within its market segment. Rite Guide LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50031) on January 14, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $100,001 to $1,000,000. The case is assigned to the Honorable Hilary L. Barnes. The Debtor is represented by Norma Guariglia, Esq., of Harris Law Practice LLC. ROBINSON FAMILY: Katharine Battaia Clark Named Subchapter V Trustee ------------------------------------------------------------------- The U.S. Trustee for Region 6 appointed Katharine Battaia Clark of Thompson Coburn, LLP as Subchapter V trustee for Robinson Family Real Estate Holdings, LLC. Ms. Clark will be paid an hourly fee of $575 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Clark declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Katharine Battaia Clark Thompson Coburn, LLP 2100 Ross Avenue, Ste. 3200 Dallas, TX 75201 Office: 972-629-7100 Mobile: 214-557-9180 Fax: 972-629-7171 Email: kclark@thompsoncoburn.com About Robinson Family Real Estate Holdings Robinson Family Real Estate Holdings, LLC, a company in Irving, Texas, filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 26-40065) on January 5, 2026, with $1 million to $10 million in assets and liabilities. Michael Robinson, president, signed the petition. Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC represents the Debtor as bankruptcy counsel. ROCKY MOUNTAIN: Christy Brandon Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 18 appointed Christy Brandon as Subchapter V trustee for Rocky Mountain Sleep Disorders Center, Inc. Ms. Brandon will be paid an hourly fee of $325 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Brandon declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Christy L. Brandon PO Box 1544 Bigfork, MT 59911 (406) 837-5445 Email: christy@brandonlawfirm.com About Rocky Mountain Sleep Disorders Center Inc. 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. Rocky Mountain sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 26-40007) on January 14, 2026, with $1 million to $10 million in assets and liabilities. Paul Schmook, president of Rocky Mountain, signed the petition. Zach B. Duhon, Esq., at Deschenes & Associates Law Offices represents the Debtor as bankruptcy counsel. ROOFING DESIGNS: Summary Judgment Affirmed in Royal American Suit ----------------------------------------------------------------- In the appeal styled Royal American Construction, Incorporated, Plaintiff-Appellee, versus Roofing Designs by JR, L.L.C., doing business as Roofing Designs, Defendant/Third Party Plaintiff-Appellant, Hartford Fire Insurance Company, Third Party Defendant-Appellee, No. 25-20048 (5th Cir.), Judges Jerry E. Smith, Carl E. Stewart and Catharina Haynes of the United States Court of Appeals for the Fifth Circuit affirmed the order of the United States District Court for the Southern District of Texas granting the motion for summary judgment filed by Royal American Construction, Incorporated and Hartford Fire Insurance Company, and dismissing Roofing Designs by JR, L.L.C.'s claims with prejudice. In 2020, Roofing Designs entered into two subcontract agreements with Royal American to provide services in connection with Royal American's development and construction of an apartment community in Houston, Texas. Roofing Designs did not complete the project, and the parties dispute who is at fault for the noncompletion. Chynethia Gragg, the owner of Roofing Designs, recorded, in the Harris County Real Property Records, affidavits claiming a mechanic's lien and a retainage lien against Royal American for nonpayment for the work Roofing Designs had completed. Roofing Designs maintains that it is also entitled to payment under two bonds that Hartford issued to secure Royal American's payment obligations and to indemnify against liens. Royal American filed suit in the Southern District of Texas against Roofing Designs in July 2021, alleging breach of contract, breach of warranty, and conversion. Roofing Designs filed a counterclaim in September 2021, alleging breach of contract, quantum meruit, and negligence. Roofing Designs also filed a third-party complaint against Hartford, maintaining that it was entitled to recover on the bonds that Hartford had issued. In Roofing Designs' initial disclosures, filed with the district court in November 2021, it stated that it was seeking $227,756.43 in damages. In June 2022, Gragg testified as Roofing Designs' corporate representative that it was seeking over $600,000 in damages and fees. In a joint status report filed with the district court in May 2024, Hartford indicated that it planned to seek dismissal of Roofing Designs' claims because Roofing Designs had failed to identify any claims against Hartford in its plan for reorganization. Roofing Designs then filed amended schedules with the bankruptcy court adding Hartford to the list of entities against which it had causes of action, and it again listed the nature of the claim as unknown and the amount requested as $0.00. Royal American and Hartford jointly moved for summary judgment in May 2024. They maintained that Roofing Designs' claims against Royal American and Hartford should be barred by judicial estoppel because Roofing Designs did not adequately disclose the nature or value of its claims in its bankruptcy proceeding. Roofing Designs appeals the summary judgment for Royal American and Hartford on equitable estoppel grounds. Roofing Designs maintains that it fully disclosed the existence of its litigation against Royal American and Hartford during its Chapter 11 proceedings, and thus that there were no inconsistencies between its positions. The record evidence shows otherwise. The Fifth Circuit notes that representing a claim as valueless in one forum and as valuable and viable in another are plainly inconsistent positions. Despite Roofing Designs representing in its initial disclosures in the Southern District Court that it sought $227,756.34 in damages and representing in a deposition that it was entitled to over $600,000 in damages and attorneys' fees, Roofing Designs never gave that to the Northern District Bankruptcy Court, instead claiming that it valued its claims at $0.00, the Fifth Circuit recounts. The district court therefore did not err in concluding that Roofing Designs' representations to the bankruptcy court were inconsistent with its claims in the district court. According to the Circuit Judges, "Roofing Designs brought its claims against Royal American and Hartford before it filed for bankruptcy, so there is no evidence that Roofing Designs lacked knowledge of its claims. As the district court correctly observed, there was a potential motivation to conceal the value of the claims because doing so would allow Roofing Designs to 'discharge its debt at a fraction of its value, while keeping the full value of its claims against Hartford and Royal American.' The district court therefore did not err in concluding that the inconsistent positions were not inadvertent." The panel finds the district court did not err in concluding that judicial estoppel was appropriate. Accordingly, the summary judgment is affirmed. A copy of the Court's Opinion dated January 13, 2026, is available at https://urlcurt.com/u?l=EIQNKN About Roofing Designs Roofing Designs by JR, LLC, had been concentrating larger commercial projects mainly in Houston, Texas. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 23-32275) on Oct. 4, 2023, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Eric A. Liepins, Esq., at Eric A. Liepins, P.C., is the Debtor's legal counsel. ROOSEVELT UNIVERSITY: Fitch Alters Ratings Outlook to Positive -------------------------------------------------------------- Fitch Ratings has affirmed Roosevelt University's (Roosevelt) Issuer Default Rating (IDR) and rating on $31.2 million of series 2007 Illinois Finance Authority revenue bonds, issued on behalf of Roosevelt at 'B'. The Rating Outlook has been revised to Positive from Stable. The Positive Outlook reflects continued enrollment and net-student revenue growth as Roosevelt's strategic investments materialize, improving operations, and management of contingent liability risks associated with non-Fitch rated bonds. These factors, if sustained, represent a lower level of risk than is reflected in Fitch's 'B' category definition, indicating material default risk. Roosevelt's 'B' ratings reflect the university's student dependence, with weak demand metrics and very high leverage. The rating incorporates provisions on non-Fitch rated bonds without cross-default provisions that expose unsecured series 2007 bondholders to contingent liability risks. Roosevelt was in compliance with nonrated bonds' liquidity covenant as of fiscal YE 2025 (unaudited) and is expected to remain in compliance at fiscal YE 2026. SECURITY The series 2007 bonds are an unsecured general obligation of Roosevelt, not including its consolidated affiliate (The Auditorium Theatre of Roosevelt University, Inc.). Roosevelt comprises over 96% of assets and unrestricted revenues of the consolidated entity. Fitch calculates operating and leverage metrics based on the consolidated entity. The unrated bonds, with approximately $199.4 million outstanding par as of fiscal YE 2025 (about 86% of total bonded debt) are secured by a gross revenue pledge and mortgages. Several series of unrated bonds also maintain debt service reserve funds. A default on unrated bonds will not trigger an event of default on the series 2007 bonds. KEY RATING DRIVERS Revenue Defensibility - 'bb' Multiyear Enrollment Growth in Competitive Environment; Endowment Provides Revenue Diversity In fall 2025, 845 freshmen and 550 transfers matriculated, representing recent highs, with total enrollment growing 7.5% YoY to 4,600. The number of graduate matriculants decreased, consistent with nationwide student visa issues, but Roosevelt still maintained a 30% share of graduate students by headcount. Net tuition/fees grew 18% in fiscal 2023-fiscal 2025 and is expected to grow another 12% during fiscal 2026. Enrollment growth is attributed to multiple strategic investments, and the university believes it has further capacity at its suburban Schaumburg campus. Approximately three-quarters of undergraduates are from Chicagoland, a region of intense competition for students within a state of declining high school graduates. Roosevelt's undergraduate student demand remains weak, with 94% freshman acceptance and 10% matriculation. Freshmen-to-sophomore retention also remains weak at 59%, partly reflecting the vulnerable, mostly Pell-grant eligible undergraduate population. Roosevelt's recurring revenue base is somewhat diverse, with about 70% derived from net student revenues in fiscal 2025. The revenue mix also includes income/distributions from a large endowment measuring almost $158 million at fiscal YE 2025. Annual endowment distributions are generally below a sustainable 5%, but the university authorized supplemental operating draws from quasi-endowment in fiscal 2024 and fiscal 2025. Roosevelt is building upon its historically modest fundraising. Operating Risk - 'a' Continued Reduction in Operating Deficit The Operating Risk assessment is revised to 'a' from 'bbb.' Roosevelt reported a balanced GAAP operating budget in fiscal 2025 and strong Fitch-calculated cashflow margin of over 17%. Fiscal 2025 operating performance included a $5 million quasi-endowment release, following another $6 million release in fiscal 2024. Even after adjusting for releases, Roosevelt's cashflow margins have generally exceeded the 10% threshold of an 'a' Operating Risk profile, with some volatility. The university has taken incremental actions to reduce its structural deficit over the years. Roosevelt has minimal internally funded capex, although needs may be accumulating given its high age of plant of over 19 years. Roosevelt benefits from multi-year state capital grants for private universities. Financial Profile - 'bb' High Leverage with Contingent Risk Roosevelt is highly levered, based on Available Funds (AF: cash/investments less permanently restricted net assets)-to-adjusted debt (total debt plus DB pension and lease liabilities). At fiscal YE 2025, the ratio remained roughly in-line with previous years at 52%, including about $17 million in debt service reserve funds (DSRFs) in AF. Adjusting for DSRFs that are not available to series 2007 bondholders translates to a weaker leverage ratio at 45%. The Positive Outlook is supported by the results of Fitch's forward-looking scenario that demonstrates maintenance of leverage ratios even in a stress case, indicating a lesser level of risk than represented by a 'B' category rating. ('B' represents material default risk, while 'BB' represents elevated vulnerability to default.) The rating also incorporates contingent liability risks of unrated bonds, which makes Roosevelt subject to an annually ascending liquidity covenant and various provisions not available to series 2007 bondholders. Roosevelt met this 162.5% liquidity requirement at fiscal YE 2025 and expects to meet the 175% requirement effective at fiscal YE 2026. Roosevelt's main campus location in central Chicago, valuable real estate, external support for its mission to serve underserved populations, and large endowment assets are not explicitly factored into the rating but support the university's profile. Asymmetric Additional Risk Considerations Roosevelt's high debt, historically thin debt coverage, and certain contingent provisions of unrated bonds are asymmetric risks. These risks are lessened by consistent performance against these provisions and the lead bondholder's historical willingness to adjust parameters. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade -- Inability to stabilize student enrollment at current levels; -- Fitch-calculated cash flow margins below 10%, including in forward-looking scenarios; -- Weakening of actual debt leverage ratios to below 30% or in Fitch forward-looking scenarios; -- Internally-funded capex beyond Fitch's current limited expectations, or any additional debt; -- Failure to achieve Fitch-calculated actual debt service coverage at above 1.0x. -- Covenant violations on non-rated bonds leading to increased debt costs or asset restriction available to pay series 2017 debt service. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade -- Sustained improvement in recurring operating margins that support debt service coverage of at least 1.2x from recurring operations; -- Actual debt leverage ratios above 50% and in Fitch forward-looking scenarios; -- Consistent actual and expected achievement of unrated bond covenants with ample headroom. PROFILE Roosevelt's main campus is located in Chicago's "loop" business district, and includes a historic auditorium, a 32-floor high-rise, and the Goodman Center. Roosevelt also owns and operates a suburban campus in Schaumburg. Roosevelt executed an integration with the former Robert Morris University of Illinois in 2020. Roosevelt remains accredited by the Higher Learning Commission (HLC). The next planned accreditation review is in April 2026. RUIZ CARPET: Seeks Chapter 7 Bankruptcy in Texas ------------------------------------------------ Ruiz Carpet Cleaning, Inc. entered Chapter 7 proceedings on January 7, 2026, filing a voluntary petition in the Western District of Texas as it moves toward liquidation. The Debtor reports debts totaling $100,001 to $1 million owed to 1–49 creditors, according to its petition. About Ruiz Carpet Cleaning, Inc. Ruiz Carpet Cleaning, Inc. is a service-oriented company organized as a corporation and focused on professional carpet and floor cleaning services. The Debtor sought relief under Chapter 7 of the U.S. Bankruptcy Code on January 7, 2026, in Case No. 26-30027, reporting estimated assets of up to $100,000 and estimated liabilities ranging from $100,001 to $1 million. The bankruptcy matter is before Honorable Bankruptcy Judge Christopher G. Bradley. The Debtor is represented by Carlos A. Miranda, Esq., Miranda & Maldonado, P.C. SAKS GLOBAL: Files Ch. 11, Secures $1.75B Financing Commitment -------------------------------------------------------------- Saks Global Holdings LLC, a leading luxury retail company, announced on Jan. 14, 2026, that a transformative financial transaction. The Company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the Company's senior secured bondholders and approximately $240 million of incremental liquidity from the Company's asset-based lenders. This financing package will strengthen the Company's balance sheet and position it for a strong and stable future while it continues to provide customers with unparalleled multi-brand luxury shopping experiences. In addition, Saks Global announced the appointment of Geoffroy van Raemdonck as Chief Executive Officer, effective immediately. With support from its key financial stakeholders, Saks Global has commenced voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate its ongoing transformation. Importantly, stores and ecommerce experiences across Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow are open to provide customers with exceptional products, elevated luxury experiences and highly personalized service. Leadership Transition: Van Raemdonck, who previously served as CEO of Neiman Marcus Group prior to its acquisition by Saks Global in 2024, succeeds Richard Baker, who stepped down from his role as Executive Chairman and CEO of Saks Global, effective January 13. Van Raemdonck joins Saks Global's Chief Financial Officer Brandy Richardson, who served as CFO alongside him at Neiman Marcus Group. Van Raemdonck is expanding Saks Global's senior leadership team, appointing industry veterans and former Neiman Marcus Group leaders to join the Company on this journey. Darcy Penick has been named President, Chief Commercial Officer, Saks Global, overseeing Stores, Marketing, Buying, Digital, Analytics and Customer Care. Lana Todorovich has been named Chief of Global Brand Partnerships, Saks Global, leading the luxury retailer's efforts with brand partners at an enterprise level. "This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future," said van Raemdonck. "In close partnership with these newly appointed leaders and our colleagues across the organization, we will navigate this process together with a continued focus on serving our customers and luxury brands. I look forward to serving as CEO and continuing to transform the Company so that Saks Global continues to play a central role in shaping the future of luxury retail." Van Raemdonck is an accomplished luxury retail veteran who brings deep relationships and decades of experience leading global consumer brands and retail organizations through complex transformations. Throughout his career, he has served in key leadership roles at iconic brands including Louis Vuitton and Ralph Lauren. "Geoffroy has a proven track record driving transformative growth at Neiman Marcus Group and other brands, building trusted relationships within these organizations and throughout the industry. His leadership will help advance the Company's focus on stability and long-term value creation," said Paul Aronzon, Member of Saks Global's Board of Directors. "We also want to thank Richard, who was a visionary leader during his tenure at Saks Global. We are grateful for his contributions and wish him continued success in the future." Path Forward: As part of the Chapter 11 process, the Company is evaluating its operational footprint to invest resources where it has the greatest long-term potential. This approach reflects an effort to focus the business in areas where the Company's luxury retail brands are best positioned for sustainable growth. Saks Global is seeking relief through a number of customary "first day" motions with the Court to facilitate a smooth transition into Chapter 11 and operate in the ordinary course. These motions, which Saks Global expects to be approved in short order, include requests to honor all customer programs, make go-forward payments to vendors, and continue employee payroll and benefits. Upon court approval, the $1 billion of debtor-in-possession financing from the Ad Hoc Group will provide ample liquidity to fund Saks Global's operations and turnaround initiatives. The Ad Hoc Group has also committed $500 million of financing to be available to the Company upon emergence, which is expected later this year. Throughout this process, Saks Global will remain focused on what has always defined the company: exceptional brands, trusted relationships and an unwavering commitment to its loyal customers. Additional information regarding the chapter 11 process is available at https://cases.stretto.com/Saks. Vendors with questions can contact the Company's claims agent, Stretto, by calling (833) 232-5246 (U.S. / Canada) or +1 (949) 373-7589 (International) or emailing SaksInquiries@Stretto.com. About Saks Global 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 claims 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 strategic communications advisor to the Ad Hoc Group. SAKS GLOBAL: Gets Court OK to Pay Certain Prepetition Claims ------------------------------------------------------------ The U.S. Bankruptcy Court for the Southern District of Texas granted on a final basis the motion of Saks Global Enterprises LLC and its affiliated debtors for entry of an order: (a) authorizing, but not directing, the Global Debtors to pay certain prepetition Trade Claims and 503(b)(9) Claims, in the aggregate, inclusive of amounts paid pursuant to the Interim Order, an amount not to exceed the Final Order Cap; and (b) confirming administrative expense priority of Outstanding Orders. The Court determined that the relief sought in the Motion is in the best interests of the Global Debtors, their estates, and their creditors. The Global Debtors are authorized, but not directed, in their discretion, to pay, honor, or otherwise satisfy prepetition Trade Claims and 503(b)(9) Claims in the ordinary course of their business up to the Final Order Cap, inclusive of amounts paid pursuant to the Interim Order, on a final basis, subject to the terms and conditions set forth in this Final Order. The Global Debtors are authorized to undertake appropriate efforts to cause Critical Vendors to enter into Trade Agreements as a condition of payment of each such Critical Vendor's Trade Claim. All undisputed obligations related to the Outstanding Orders are granted administrative expense priority status in accordance with section 503(b)(1)(A) of the Bankruptcy Code. A copy of the Court's Order dated January 14, 2026, is available at https://urlcurt.com/u?l=a83RCC from PacerMonitor.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. SAM'S DINER: Frederic Schwieg Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Frederic Schwieg, Esq., at Schwieg Law, as Subchapter V trustee for Sam's Diner of Maumee, Inc. Mr. Schwieg will be paid an hourly fee of $370 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Schwieg declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Frederic P. Schwieg, Esq. Schwieg Law 2705 Gibson Drive Rocky River, OH 44116-1815 Phone: (440) 499-4506 Email: fschwieg@schwieglaw.com About Sam's Diner of Maumee Inc. Sam's Diner of Maumee, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-30057) on January 13, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Mary Ann Whipple presides over the case. Eric R. Neuman, Esq., represents the Debtor as legal counsel. SANFORD CONTROLS: Stephen Darr of Huron Named Subchapter V Trustee ------------------------------------------------------------------ The U.S. Trustee for Region 1 appointed Stephen Darr of Huron Consulting Group as Subchapter V trustee for Sanford Controls, LLC. Mr. Darr will be paid an hourly fee of $875 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Darr 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 Darr Huron Consulting Group 265 Franklin Street, Suite 402 Boston MA 02110 Phone: (617) 226-5593 Email: sdarr@hcg.com About Sanford Controls LLC Sanford Controls, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-10069) on January 12, 2026, with $100,001 to $500,000 in assets and liabilities. Kate E. Nicholson, Esq., at Nicholson Devine, LLC represents the Debtor as legal counsel. SECURITY TRANSPORT: Claims to be Paid from Disposable Income ------------------------------------------------------------ Security Transport Inc. filed with the U.S. Bankruptcy Court for the Northern District of Indiana a Plan of Reorganization dated January 13, 2026. The Debtor is a $9 million asset-based trucking and logistics company headquartered in Hammond, Indiana. Strategically located literally on the border with Illinois, the Debtor owns and operates its own fleet of approximately 140 vehicles, including 41 trucks and 145 trailers. The payments on the existing equipment loans became untenable for the Debtor's business model in the current economic climate. Consequently, the Debtor filed this Chapter 11 case to restructure its debt obligations and realign its cash flow. The total of all claims by the Debtor as unsecured is $914,730.64. This Plan of Reorganization proposes to pay creditors of the Debtor from its disposable income. Class 10 consists of Unsecured Claims. The Allowed Claim of this Class shall be paid from the Net Projected Disposable Income of the Debtor following payment to the Classes as provided for in the Plan. The payments to this Class shall be made by the Debtor in 20 equal quarterly payments, commencing September 30, 2026 and every three months thereafter for 19 quarters. Class 10 consists of Equity Security Holders. The Allowed Claims of this Class shall retain their interest in the reorganized Debtor. The Debtor will remain in possession of its property and will control the operation and disposition thereof unless otherwise provided in this Plan. The Debtor will devote full time and energy to the successful completion of the Plan. The Debtor has sufficient assets or income to meet the payment provision of the Plan. A full-text copy of the Plan of Reorganization dated January 13, 2026 is available at https://urlcurt.com/u?l=9uuDym from PacerMonitor.com at no charge. Counsel to the Debtor: Daniel L. Freeland, Esq. Daniel L. Freeland & Associates, P.C. 9105 Indianapolis Blvd. Highland, IN 46322 Telephone: (219) 922-0800 Facsimile: (219) 922-1261 Email: dlf9601@aol.com About Security Transport Inc. Security Transport Inc., headquartered in Hammond, Indiana,provides truckload transportation services for dry goods throughout the contiguous U.S. and Canada. Established in 2012, the Company operates a fleet of tractors and trailers to haul general freight, metals, beverages, paper products, and waste. Its operations concentrate on time-sensitive and value-added logistics solutions in the transportation and logistics sector. Security Transport Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ind. Case No. 25-22114) on October 15, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Daniel L. Freeland, Esq. of DANIEL L. FREELAND & ASSOCIATES, P.C. SHIFTPIXY INC: APIZZA Wins Bid to Amend Stay Relief, Claim Order ---------------------------------------------------------------- Judge Laurel M. Isicoff of the United States Bankruptcy Court for the Southern District of Florida granted the motion filed by APIZZA, LLC to amend or make additional findings under Federal Rule of Bankruptcy Procedure 7052 with respect to the Court's order on stay relief and claim objection in the bankruptcy case of ShiftPixy Inc. Pre-Petition, on March 8, 2024, APIZZA initiated a state court lawsuit against the Debtors and non-debtors Shift Human Capital Management Inc. d/b/a ShiftPixy, ShiftPixy Corporate Services, Inc., Scott Absher, and Mark Absher (collectively, "ShiftPixy"), in the Superior Court of the State of California, case number 30-2024-01385218-CU-BT-CJC. In the State Court Action APIZZA asserted nine causes of action including breach of fiduciary duty, fraud, conversion, unjust enrichment, breach of contract, breach of the implied covenant of good faith and fair dealing, unfair business practices, common count: account stated, and declaratory relief. In the State Court Action, APIZZA alleges it paid ShiftPixy to file for and secure Employee Retention Tax Credits from the IRS that rightfully belong to APIZZA, but which it never received and that ShiftPixy misled APIZZA, concealed facts, and refused to provide copies of the tax forms ShiftPixy submitted on APIZZA's behalf for these credits, so ShiftPixy could improperly pursue the credits for itself. On December 17, 2024, APIZZA filed Proof of Claim No. 28-1 in the amount of $2,287,269.15. The basis of the Claim is the State Court Action. On June 30, 2025, the Trustee filed a partial objection to APIZZA's Claim objecting only to two of the nine causes of action in the Claim -- breach of fiduciary duty and fraud -- arguing those causes of action are derivative claims that belong exclusively to the estate. On August 6, 2025, APIZZA filed a Motion for Relief from the Automatic Stay, seeking relief to proceed with the State Court Action and prosecute its claims against Mark Absher and Scott Absher, directors and officers of the Debtor. On October 16, 2025, the Court held a hearing on the Stay Relief Motion and Claim Objection. At the October Hearing, the Trustee argued that APIZZA's breach of fiduciary duty and fraud claims were derivative claims that belonged to the estate and that the allegations underlying APIZZA's claims overlapped with those of other creditors and were addressed in the Trustee's proposed settlement with XL Specialty Insurance Company, the Abshers, and/or other directors and officers. On the other hand, APIZZA argued that its claims are specific, direct claims that belong to APIZZA. On October 20, 2025, the Court entered the Stay Relief and Claim Order denying APIZZA's Stay Relief Motion and sustaining the Trustee's Claim Objection. APIZZA subsequently filed the Motion requesting that the Court make detailed findings of fact and conclusions of law in accordance with the Court's stated intention to do so and in order to extend the deadline to file a notice of appeal of the Stay Relief and Claim Order until such time as the detailed findings of fact and conclusions of law could be made. APIZZA sought stay relief arguing there would be no prejudice to the Debtors or the estate because APIZZA's claims against the Abshers do not involve property of the estate because the injury is specific to APIZZA. The Court concludes that, because APIZZA is not entitled to pursue its claims against the Abshers for breach of fiduciary duty and fraud and that such claims are property of the estate, APIZZA failed to demonstrate cause for relief from the automatic stay under 11 U.S.C. Sec. 362(d). The Court finds that the Stay Relief and Claim Order, as supplemented by this Order, satisfies the requirements of Rule 52(a) of the Federal Rules of Civil Procedure, as incorporated by Rule 7052 of the Federal Rules of Bankruptcy Procedure. The Stay Relief and Claim Order is supplemented to include the findings of fact and conclusions of law set forth in this Order. The Stay Relief Motion is denied. The Trustee's Claim Objection is sustained. A copy of the Court's Order dated January 12, 2026, is available at https://urlcurt.com/u?l=Uo2hCe About ShiftPixy Inc. ShiftPixy Inc. -- https://www.shiftpixy.com -- is an employment agency based in Miami, Florida. ShiftPixy Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-21209) on October 28, 2024. In the petition filed by Jonathan Feldman, as chief restructuring officer, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laurel M. Isicoff handles the case. The Debtor is represented by Isaac M Marcushamer, Esq. at DGIM Law, PLLC. On January 31, 2025, the Debtors' cases were converted from cases under Chapter 11 of the Bankruptcy Code to cases under Chapter 7 and Jacqueline Calerdin was appointed as the Chapter 7 Trustee. SILVA CONTRACTORS: Seeks Chapter 7 Bankruptcy in New York --------------------------------------------------------- On January 14, 2026, Silva Contractors Co Inc. filed for liquidation under Chapter 7 in the Eastern District of New York. The court filing shows the Debtor owes between $0 and $100,000 to 1–49 creditors. About Silva Contractors Co Inc. Silva Contractors Co Inc. is a contracting company focused on construction, renovation, and related services. Silva Contractors Co Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70182) on January 14, 2026. The petition reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. Honorable Bankruptcy Judge Louis A. Scarcella presides over the case. SONICWALL HOLDINGS: Moody's Lowers CFR to Caa2 & PDR to Caa2-PD --------------------------------------------------------------- Moody's Ratings downgraded SonicWall Holdings Limited's (SonicWall) ratings, including the corporate family rating to Caa2 from B3 and probability of default rating to Caa2-PD from B3-PD. Concurrently, Moody's downgraded the ratings on SonicWall US Holdings Inc.'s (a debt issuing subsidiary of SonicWall) senior secured first lien bank credit facilities to Caa2 from B3. The outlook for both SonicWall and SonicWall US Holdings Inc. were changed to negative from stable. The downgrade reflects Moody's expectations for a meaningful decline in SonicWall's liquidity and operating performance over the next 12 months, which could result in a distressed exchange transaction. SonicWall has experienced multiple cyber incidents in 2025 that have materially impacted its operations. More notably, the company confirmed in September 2025 that an unauthorized party accessed firewall configuration backup files for all customers who have used SonicWall's cloud backup service. As a result, the company's billings and revenue declined by 33% and 15%, respectively, for the third quarter. The company's Moody's-adjusted leverage was about 10x for the last twelve months (LTM) period ended October 31, 2025. Governance is a driver of the rating action. SonicWall's governance issuer profile score was changed to G-5 from G-4 and credit impact score was changed to CIS-5 from CIS-4 to reflect the company's elevated financial risk tolerance and weaker than expected operating performance. RATINGS RATIONALE The Caa2 CFR reflects SonicWall's very high leverage (Moody's adjusted) of about 10x as of Q3 2026 and Moody's expectations for leverage to increase to about 11x over the next 12 months. Moody's expects SonicWall's revenue to decline by high-single digits percentage in fiscal year 2026 and by mid-single digit percentage in fiscal year 2027 due to a substantial decline in billings, increased customer churn, and elongated sales cycles. SonicWall has increasingly relied on its revolver to fund cash flow deficits, which have persisted in fiscal year 2025. As of Q3 2026, $37 million was drawn on the company's $75 million revolving credit facility. Moody's expects further borrowing on the company's revolving credit facility to fund cash flow deficits in fiscal year 2027. Moody's believes that SonicWall has limited financial flexibility to execute a meaningful operational turnaround driven by subpar operating performance, weak liquidity, and execution challenges. SonicWall has taken steps to refresh its entire product portfolio and added cloud offerings, which remains vital for the company's ability to retain market share. However, the upgrades have been impacted by the cyber incidents in 2025 as SonicWall spent time on incident response and customer remediation. The renewal and upgrades to Gen 8 products remain critical for SonicWall's operational recovery in the near term as they increase subscription service attachment rate per customer and provide new capabilities for cloud security not supported by legacy firewalls. SonicWall's liquidity profile is weak reflecting negative free cash flow and heavy usage of its revolver through 2026. As of October 2025, the company had cash balance of $24 million and roughly $38 million of availability under its $75 million revolving credit facility. Moody's expects the cash flow deficits to persist over the next 12 months, which are expected to be funded through incremental draws on the revolver. SonicWall does not have meaningful near term debt maturities until 2028 with its senior secured first lien term loan due in May 2028 and senior secured revolving credit facility due in February 2028. Access to the revolver is governed by a first lien net leverage ratio covenant of 8.75x which is only tested when 40%+ ($30+ million) is drawn. Moody's expects the cushion on the covenant to materially reduce over the next 12 months. The negative outlook reflects SonicWall's weak liquidity as free cash flow is expected to remain negative over the next 12 months. Moody's expects leverage to increase to around 11x (on a Moody's adjusted basis) over the outlook period. The negative outlook also reflects Moody's belief that if operating performance does not stabilize, a debt restructuring is likely in the near term, which could involve a debt exchange. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could upgrade SonicWall ratings if the company improves its liquidity profile and stabilizes its operating performance. The ratings could be downgraded if Moody's assessments of recovery in a default scenario deteriorates. SonicWall Holdings Limited is a provider of unified threat management and related security software and appliances. The company, headquartered in Milpitas, CA had revenues of approximately $405 million for the twelve months ending October 31, 2025. SonicWall is owned by private equity firms Francisco Partners and Elliot Management. The company was spun off from Seahawk Holdings in May 2018. Francisco and Elliot acquired Seahawk from Dell in November 2016. The principal methodology used in these ratings was Software published in December 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. STATION TWO: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: Station Two LLC 750 Chicago Ave. Evanston, IL 60202 Business Description: Station Two LLC, based in Evanston, Illinois, provides employment and staffing services, including recruitment, placement, and temporary labor solutions, operating under NAICS 5613. Chapter 11 Petition Date: January 20, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-00928 Judge: Hon. Jacqueline P Cox Debtor's Counsel: Scott R. Clar, Esq. CRANE, SIMON, CLAR & GOODMAN Suite 3950 135 South LaSalle Street Chicago, IL 60603-4297 Tel: 312-641-6777 Fax: 312-641-7114 Email: sclar@cranesimon.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million George P. Fowler signed the petition as managing member. The Debtor's petition indicates there are no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IWY3HLA/Station_Two_LLC__ilnbke-26-00928__0001.0.pdf?mcid=tGE4TAMA STOPLOSS LLC: Involuntary Chapter 11 Case Summary ------------------------------------------------- Alleged Debtor: StopLoss, LLC 1048 Forum Drive Broussard LA 70518 Business Description: StopLoss, LLC, headquartered in Broussard, Louisiana, provides emergency response, damage assessment, property stabilization, environmental remediation, and insurance recovery consulting services for loss events and property restoration. It operates through the brand StopLoss 247, serving clients nationwide with rapid response and comprehensive loss recovery solutions for residential and commercial properties. Involuntary Chapter 11 Petition Date: January 20, 2026 Court: United States Bankruptcy Court Western District of Louisiana Case No.: 26-50049 Judge: Hon. John W Kolwe Petitioners' Counsel: Patrick S. Garrity, Esq. THE DERBES LAW FIRM, LLC 3027 Ridgelake Drive Metairie LA 70002 Tel: 504-207-0920 Email: pgarrity@derbeslaw.com A full-text copy of the Involuntary Petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D26QITI/StopLoss_LLC__lawbke-26-50049__0001.0.pdf?mcid=tGE4TAMA Alleged creditors who signed the petition: Petitioner Nature of Claim Claim Amount Recovery Logistics Finance, LLC Money Loaned $2,493,851 7 Bryant Park New York NY 10018 Koala Roofing, LLC Services Provided $133,000 408 W. Queen Street Edenton NC 27932 RoofWrap Services, LLC Services Provided $81,514 PO Box 560279 Miami, FL 33256 SUNSET PALM: Claims to be Paid from Special Assessments ------------------------------------------------------- Sunset Palm Villas Condominium Association Inc. filed with the U.S. Bankruptcy Court for the Southern District of Florida a Combined Disclosure Statement and Plan of Reorganization dated January 13, 2026. The Debtor is a Florida corporation which operates as a condominium association created in 2001 pursuant to Florida Statutes, Chapter 718. The Debtor is the condominium association ("Association") for a 266-unit condominium complex with a street address of 406 NW 85th Street Road, Miami, FL 33150. The Association’s declarations and by-laws, as well as Chapter 718, Florida Statutes, govern the Association's operations. On September 14, 2022 Melendez filed a Complaint in the Circuit Court for the Eleventh Judicial Circuit, Miami-Dade County, Florida against the Debtor and Hightower, Case No. 2022-017724-CA-01 styled Tyana Yelisa Melendez as Personal Representative of the Estate of Jean Patrick Coriolan v. Sunset Palm Villas Condominium Association, Inc. et al. (the "Circuit Court Case") asserting negligence claims for an incident that the plaintiff alleged occurred on the premises of the association. Specifically, Melendez alleged that the father of her child, Jean Patrick Coriolan was "the subject of a shooting at the [Debtor's] premises which caused his death" (Complaint, Paragraph 14) and that the Debtor and Hightower were negligent in failing to provide adequate security. According to Melendez the Debtor was served, did not respond and was ultimately defaulted. As a result of the foregoing, on February 28, 2025 the Circuit Court entered a default judgment against the Debtor in the amount of $13,911,500.00. Subsequent to the entry of judgment Melendez began undertaking collection efforts. Melendez obtained the default judgment and began collection efforts, which the Debtor then sought to ser aside based on defective service of both the original summons and the order setting the matter for trial. Melendez' collection efforts also caused the Debtor to file its petition. Additionally, the Debtor has been attempting, without success to date, to resolve the issues with the Water Department. The Debtor collects both regular and special assessments from the members of the Association and then pays the expenses of the Association, including insurance, maintenance, utilities, and the like. Assessments are generally the only source of income for the Debtor; the Debtor occasionally earns small amounts of interest, and on occasion the Debtor sells a unit that the Debtor foreclosed against when the prior owner failed to pay assessments, but these sources of income are sporadic and not consistent or substantial enough to utilize to support a Chapter 11 Plan. The Debtor will seek to pass a special assessment to fund the amounts set forth herein. There is no guarantee that such an assessment will pass, but the Debtor will utilize its best efforts to fund the Plan as proposed herein. If the Debtor is able to obtain the passing of special assessments, the amount of the assessments will be sufficient to pay creditors as proposed herein. As a result of the Chapter 11 process and through the Plan, the Debtor expects that creditors will obtain a substantially greater recovery under the Plan, as the Debtor has no assets and no ability to pay creditors absent the approval of the members of the Association of a special assessment. Thus, assuming the members approve the special assessment, the only manner for the Debtor to fund the Plan and pay creditors is through a special assessment as set forth herein. Class 6 consists of the Unsecured Claim of Melendez. If the final judgment of Melendez is not vacated then the Debtor shall pay the Melendez unsecured claim the total of $1 million payable over five years in equal installments starting 60 days after the Effective Date. The Debtor shall fund the payment to Melendez by attempting to pass a special assessment. This payment shall be in full satisfaction of the Melendez unsecured claim. Class 6 is impaired. Class 7 consists of the Unsecured Claim of the Water Department. While the Debtor disputes that it owes anything to the Water Department if the Debtor owes anything to the Water Department the Debtor shall pay the Water Department a pro rata distribution over five years in a percentage that is less than or equal to the percentage paid to the Class 6 Claim. The Debtor shall fund the payment to the Water Department by attempting to pass a special assessment. This payment shall be in full satisfaction of the Water Department's Unsecured Claim. Class 7 is impaired. Class 8 consists of all remaining unsecured claims, which the Debtor believes are nominal or there are none. To the extent there are any unsecured claims the Debtor shall pay the claims a pro rata distribution over five years in a percentage that is less than or equal to the percentage paid to the Class 6 and 7 Claims. Class 8 is impaired. Class 10 consists of the equity/membership interests in the Debtor. Pursuant to Florida law, all unit owners who are members of the Association are owners in the Association. Accordingly, all unit owners shall retain said ownership interests in the Association and said interests shall pass through the bankruptcy unaffected. Class 10 is impaired. All amounts necessary for the Disbursing Agent to make payments and Plan Distributions will be obtained primarily through special assessments and/or the Debtor's regular collection of regular assessments. During the period from the Confirmation Date through and until the Effective Date, the Debtor will continue as debtor-in-possession, subject to the oversight of the Bankruptcy Court as provided in the Bankruptcy Code, the Bankruptcy Rules and all orders of the Bankruptcy Court that are then in full force and effect. A full-text copy of the Combined Disclosure Statement and Plan dated January 13, 2026 is available at https://urlcurt.com/u?l=ZIzan1 from PacerMonitor.com at no charge. Sunset Palm Villas Condominium Association Inc. is represented by: Robert F. Reynolds, Esq. Law Offices of Robert Reynolds, P.A. 515 East Las Olas Blvd., Suite 850 Fort Lauderdale, FL 33301 Telephone: (954) 766-9928 Email: rreynolds@robertreynoldspa.com About Sunset Palm Villas Condominium Association Inc. Sunset Palm Villas Condominium Association Inc. oversees the management and maintenance of the Sunset Palm Villas residential complex located in Miami, Florida. The association handles property operations, common area upkeep, and enforces community regulations on behalf of unit owners. Sunset Palm Villas Condominium Association Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-17036) on June 21, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Corali Lopez-Castro handles the case. The Debtor tapped the Law Offices of Robert E. Reynolds, PA as counsel and Preferred Accounting Services, Inc. as auditor. T-SHIRT STATION: Seeks to Hire Kiem Law PLLC as Bankruptcy Counsel ------------------------------------------------------------------ T-Shirt Station Stores LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire the law firm of Kiem Law PLLC as attorney. The firm's services include: (a) give advice to the debtor with respect to its powers and duties as a debtor in possession and the continued management of its business operations; (b) advise the debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the debtor in all matters pending before the court; (e) represent the debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these rates: Attorneys $450 per hour Paralegals $100 to $250 per hour The firm will be paid a retainer in the amount of $6,738. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Kiem disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Tarek K. Kiem, Esq. Kiem Law, PLLC 8461 Lake Worth Road, Suite 114 Lake Worth, FL 33467 Tel: (561) 600-0406 Fax: (561) 763-7355 Email: tarek@kiemlaw.com About T-Shirt Station Stores LLC T-Shirt Station Stores, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24608) on December 11, 2025, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Erik P. Kimball presides over the case. Tarek K. Kiem, Esq., represents the Debtor as legal counsel. TEXAS INTERNATIONAL: Hires Law Office of Carl M. Barto as Counsel ----------------------------------------------------------------- Texas International Enterprises, Inc. got the green light from the U.S. Bankruptcy Court for the Southern District of Texas to employ the Law Office of Carl M. Barto to serve as legal counsel in its Chapter 11 case. The firm will provide these services: (a) analyze the financial situation and render advice and assistance to the Debtor; (b) advise the Debtor with respect to its duties as Debtor; (c) prepare and file all appropriate petitions, schedules of assets and liabilities, statements of affairs, answers, motions and other legal papers; (d) represent the Debtor at the first meeting of creditors and provide other services required during the course of the bankruptcy proceedings; (e) represent the Debtor in all proceedings before the Court and in any other judicial or administrative proceeding where the rights of the Debtor may be litigated or otherwise affected; (f) prepare and file a Disclosure Statement (if required) and Chapter 11 Plan of Reorganization; and (g) assist the Debtor in any matters relating to or arising out of the captioned case. Carl M. Barto, Esq. will receive an hourly rate of $400, and paralegals will receive an hourly rate of $90. The firm received a retainer in the amount of $20,000. The Law Office of Carl M. Barto is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Carl M. Barto, Esq. LAW OFFICE OF CARL M. BARTO 817 Guadalupe Laredo, TX 78040 Telephone: (956) 725-7500 Facsimile: (956) 722-7639 E-mail: emblaw@netscorp.net About Texas International Enterprises Inc. Texas International Enterprises Inc. operates as a multifaceted company with interests in various commercial and service-based industries. The organization is built on principles of reliability, operational efficiency, and market adaptability. By focusing on sustainable growth and client satisfaction, Texas International Enterprises Inc. continues to strengthen its presence in its respective markets. Texas International Enterprises Inc. commenced its Chapter 11 case (Bankr. Case No. 25-50133) on December 6, 2025. In its petition, the Debtor listed estimated assets of $10 million to $50 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Jeffrey P. Norman presides over the matter. The Debtor is represented by Carl M. Barto, Esq. of the Law Office of Carl M. Barto. THASSOS INC: Gets OK to Use Cash Collateral Until Feb. 19 --------------------------------------------------------- Thassos, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to use cash collateral. The court authorized the Debtor's interim use of cash collateral through February 19 to pay the operating expenses set forth in its budget. The budget projects total operational expenses of $123,567 for the period from January 6 to February 18. Use of funds for extraordinary expenses in excess of the budget requires further court order or prior written approval of Newtek Bank, N.A. Newtek Bank, the Debtor's secured creditor, holds a first position security interest in the cash collateral and is owed $390,661 pursuant to SBA loan. As protection for any diminution in value of its cash collateral, Newtek was granted valid, binding, enforceable, and perfected replacement liens on and security interests in its collateral. These replacement liens will have the same validity, priority and extent as the secured creditor's pre-bankruptcy liens. As further protection, Newtek will continue to receive payment of $3,000. Failure to pay triggers a default and a late charge of 5%. It also allows Newtek to accelerate the debt and seek enforcement. The order requires the Debtor to maintain insurance on the collateral and provides that authority to use cash collateral will automatically expire on February 19, 2026, unless extended by further court order. The order is available at https://is.gd/vHuTW2 from PacerMonitor.com. The next hearing is scheduled for February 18. About Thassos Inc. Thassos Inc. operates a Greek restaurant in Clarendon Hills, Illinois. The establishment specializes in authentic Greek cuisine and offers dine-in, catering, and online ordering services. Thassos sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08021) on May 27, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Judge Janet S. Baer handles the case. The Debtor is represented by Konstantine Sparagis, Esq., at the Law Offices of Konstantine Sparagis. THUNDER INTERNATIONAL: Claims to be Paid from Ongoing Operations ---------------------------------------------------------------- Thunder International Group, Inc. and affiliates filed with the U.S. Bankruptcy Court for the District of New Jersey a First Amended Plan of Reorganization dated January 13, 2026. The Debtors are fifth party logistics service providers, capable of providing end-to-end supply chain solutions, managing supplier relationships and procurement activities, coordinating international logistics, handling customs rules and regulations, and providing cross-border air, land and ocean shipping, all while ensuring compliance with regulatory requirements and industry standards. Ye Feng and Mingming Wang each hold fifty percent of the shares of Thunder International Group, Inc., a California corporation, (i.e, TIG-California). TIG-California is the parent company of the two other Debtors (i.e, (TIG-New Jersey and TIG Oregon) and holds one hundred percent of the Interests in the other Debtors. Ye Feng is the Chief Executive Officer and Mingming Wang is the Chief Financial Officer for each of the Debtors. Notwithstanding the Debtors' strong historical growth and past successes, the Debtors specialize in the supply of goods between the United States and China and the recent enactment of record high tariffs that were levied between these countries caused a severe decline in demand for Debtors' services. In fact, Debtors' gross receipts in 2025, prior to the Petition Date, declined by approximately 30% in comparison to the same time-frame in 2024. While the Debtors' revenues were dramatically reduced in early 2025, their operating expenses remained relatively high due to elevated warehouse leasing costs. As such, the Debtors commenced these Chapter 11 Cases to provide the necessary breathing room to restructure and develop the path forward to maximize benefits to all stakeholders. Class 4 consists of Holders of General Unsecured Claims of TIG California. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, in full and final satisfaction, compromise, settlement, and release of and in exchange for each Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim shall receive a pro rata share of the Reorganized Debtor's Projected Disposable Income, if any, after all Allowed Secured Claims, Allowed Administrative Claims, Allowed Professional Fee Claims, Allowed Priority Tax Claims, and Allowed Priority Claims are fully satisfied. Distributions, if any, to Holders of Allowed General Unsecured Claims shall be on an annual basis. Class 5 consists of Holders of General Unsecured Claims of TIG-New Jersey. Holders of General Unsecured Claims of TIG-New Jersey will not receive any distributions. Class 6 consists of Holders of General Unsecured Claims of TIG-New Jersey will not receive any distributions. Classes 4, 5 and 6 are Impaired under the Plan. Holders of General Unsecured Claims are entitled to vote to accept or reject the Plan. Class 7 consists of Equity Interests Holders. Class 7 is Unimpaired under the Plan. * Ye Feng (50%). Insofar as the Debtors are proceeding under Subchapter V of Chapter 11, the Bankruptcy Code permits the Debtors' existing equity interest holders to retain their equity interests even if the Plan does not provide that unsecured creditors will be paid in full. The Holders of Interests will retain their interests in the Debtors. * Mingming Wang (50%). Insofar as the Debtors are proceeding under Subchapter V of Chapter 11, the Bankruptcy Code permits the Debtors' existing equity interest holders to retain their equity interests even if the Plan does not provide that unsecured creditors will be paid in full. The Holders of Interests will retain their interests in the Debtors. The Plan shall be implemented under the direction of the Reorganized Debtor and shall be funded by the ongoing operations of the Reorganized Debtor. By virtue of confirmation of the Plan, the Reorganized Debtor shall be charged with the responsibility of acting on behalf of the Estates to provide for all distributions to Holders of Allowed Claims and as directed by the Bankruptcy Court. The Reorganized Debtor's financial projections show that the Reorganized Debtor will have an aggregate annual average cash flow sufficient for payments required under the Plan, after paying operating expenses and post-confirmation taxes. A full-text copy of the First Amended Plan dated January 13, 2026 is available at https://urlcurt.com/u?l=HgUKrl from PacerMonitor.com at no charge. Counsel to the Debtors: James C. Vandermark, Esq. Jeremiah J. Vandermark, Esq. WHITE AND WILLIAMS LLP 810 Seventh Avenue, Suite 500 New York, NY 10019 Telephone: (212) 244-9500 Email: vandermarkj@whiteandwilliams.com vandermarkjj@whiteandwilliams.com About Thunder International Group Inc. Thunder International Group, Inc. is a fifth-party logistics (5PL) provider specializing in omni-channel logistics solutions for commerce and e-commerce sellers. It operates nine warehouses across six U.S. states, offering services including nationwide fulfillment, drop shipping, air and ocean freight, global shipping, industrial inspection and maintenance, bonded zones, reverse logistics, and cross-border e-commerce branding. Thunder International Group sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 25-15229) on May 15, 2025, listing up to $10 million in both assets and liabilities. Mingming Wang, secretary, signed the petition. Judge John K. Sherwood oversees the case. White and Williams, LLP represents the Debtor as legal counsel. TIMBER PROS: Hires Law Offices of Craig M. Geno PLLC as Counsel --------------------------------------------------------------- Timber Pros Logging, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Mississippi to employ the Law Offices of Craig M. Geno, PLLC as counsel. The firm will render these services: (a) advise and consult with the Debtor regarding questions arising from certain contract negotiations which will occur during the operation of its business; (b) evaluate and attack claims of various creditors who may assert security interests in the assets and who may seek to disturb the continued operation of the business; (c) appear in, prosecute, or defend suits and proceedings, and take all necessary and proper steps and other matters and things involved in or connected with the affairs of the estate of the Debtor; (d) represent the Debtor in court hearings and assist in the preparation of contracts, reports, accounts, petitions, applications, orders and other papers and documents as may be necessary in this proceeding; (e) advise and consult with the Debtor in connection with any reorganization plan which may be proposed in this proceeding and any matters concerning it which arise out of or follow the acceptance or consummation of such reorganization or its rejection; and (f) perform such other legal services on behalf of the Debtor as they become necessary in this proceeding. The firm will be paid at these rates: Craig Geno, Attorney $500 Christopher J. Steiskal, Sr. $400 Paralegals $275 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $15,000 from the Debtor. Mr. Geno disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig M. Geno, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com About Timber Pros Logging, LLC Timber Pros Logging, LLC, also known as TPL Trucking, is based in Iuka, Mississippi, and transports logs, lumber, and related forest products, managing their delivery within the forest products supply chain. Timber Pros Logging, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 26-10008) on January 2, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Craig M. Geno, Esq. at Law Offices Of Craig M. Geno, PLLC represents the Debtor as counsel. TITAN GROUP: Hires Terzian Law Group as Bankruptcy Counsel ---------------------------------------------------------- Titan Group Logistics, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Terzian Law Group as counsel. The firm will render these services: (a) advise the Debtor with regard to the Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and assist regarding compliance with the requirements of the Office of the United States Trustee; (b) advise the Debtor with regards to certain rights and remedies of its bankruptcy estate and rights, claims and interest of creditors; (c) represent the Debtor in any proceedings or hearings in the Bankruptcy Court involving its estates unless it is represented in such proceeding or hearing by other special counsel; (d) conduct examinations of witnesses, claimants or adverse parties and prepare and assist in the preparation of reports, accounts and pleadings; (e) prepare and assist the Debtor in the preparation of reports, applications, pleadings and other; (f) assist the Debtor in negotiation, formulation, confirmation and implementation of a Chapter 11, and implementation of the plan; and (g) perform any other services which may be appropriate of the firm's representation of the Debtor during its bankruptcy case. The firm will be paid at these hourly rates: Tamar Terzian, Attorney $650 Associates $250 Law Clerks/Paralegal $175 In addition, the firm will seek reimbursement for expenses incurred. The firm requested $30,000 retainer for initial fees and expenses for representation from the Debtor. Ms. Terzian disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Tamar Terzian, Esq. Terzian Law Group 1122 East Green Street, Suite 210 Pasadena, CA 91106 Telephone: (818) 242-1100 Facsimile: (818) 242-1012 Email: tamar@terzlaw.com About Titan Group Logistics, Inc. Titan Group Logistics, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-12027) on October 30, 2025, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Victoria S Kaufman oversees the case. The Debtor is represented by Tamar Terzian, Esq. at Terzian Law Group, Apc. TRINSEO PLC: Approves $9.75MM Retention Bonuses for Execs --------------------------------------------------------- Trinseo PLC disclosed in a regulatory filing that the Compensation Committee of the Board of Directors approved one-time conditional retention bonus awards for the Company's named executive officers. The Retention Awards granted to the NEOs were granted pursuant to, and subject to the terms and conditions of, a conditional retention award letter agreement. The Company entered into an Award Agreement with each of its NEOs, providing for the following Retention Awards: a. Frank Bozich - President and Chief Executive Officer: Amount: $3,200,000 b. David Stasse - Executive Vice President and Chief Financial Officer: Amount: $2,500,000 c. Francesca Reverberi - Senior Vice President, Engineered Materials and Polymer Solutions: Amount: $1,700,000 d. Angelo Chaclas - Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary: Amount: $1,350,000 e. Paula Cooney - Senior Vice President and Chief Human Resources Officer: Amount: $1,000,000 The Award Agreements provide that each Retention Award is conditioned upon the NEO's continued employment until March 31, 2027, except pursuant to a Qualifying Termination, otherwise such Retention Award shall be fully repaid to the Company, less applicable withholdings. The Company paid the Retention Awards, less applicable withholdings, on or about January 8, 2026. Pursuant to the terms of the Award Agreements, the Retention Awards will be paid subject to the NEO's agreement with the following terms (as applicable): (i) forfeiture of any cash payment under the Company's 2025 annual performance award (bonus) program approved in 2026; (ii) cancellation of vesting of any existing cash-settled long-term incentive awards previously granted under the Company's Amended and Restated 2014 Omnibus Incentive Plan; (iii) forfeiture of any new long-term incentive awards scheduled to be granted in 2026; (iv) cancellation of any existing retention bonus payments scheduled to be paid in 2026; and (v) waiver of the ability to terminate employment under his or her existing employment agreement with the Company for "Good Reason" (as defined therein). A full text copy of the Award Agreement is available at https://tinyurl.com/y3db2mfh About Trinseo Headquartered in Wayne, Pa., Trinseo (NYSE: TSE) -- www.trinseo.com -- a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably focused manner by combining its premier expertise, forward-looking innovations, and best-in-class materials to unlock value for companies and consumers. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers' unique challenges in a wide range of industries, including building and construction, consumer goods, medical, and mobility. As of September 30, 2025, the Company had $22.5 million in total assets, $15.7 million in total liabilities, and $6.8 million in total stockholders' equity. * * * In December 2025, S&P Global Ratings lowered its issuer credit rating on specialty materials solutions provider Trinseo PLC to 'CCC' from 'CCC+', its issue-level rating on its senior secured super-priority revolving credit facility (RCF) and senior secured term loan to 'B-' from 'B', its issue-level rating on its senior secured term loan B to 'CCC' from 'CCC+', and its issue-level rating on its senior secured second-lien notes to 'CC' from 'CCC-'. S&P's recovery ratings on the company's debt are unchanged. Trinseo PLC's operating performance has deteriorated over the first nine months of 2025, causing its credit metrics to weaken to levels S&P views as unsustainable. S&P said, "The negative outlook reflects the at least one-in-three chance we will downgrade Trinseo in the next 12 months if its operating performance continues to deteriorate such that its liquidity weakens or it undertakes a debt restructuring, which we would likely view as distressed. . . The negative outlook on Trinseo reflects the potential that we will lower our rating in the next 12 months if it appears that the likelihood of a default has increased, or if the company is unable to meet its debt obligations or if the company restructures or undertakes a distressed exchange. We currently anticipate the issuer will default absent unforeseen positive developments and expect its credit metrics will remain elevated over the next 12 months. We forecast the company's S&P Global Ratings-adjusted debt to EBITDA will be in the 15x-16x range over the next 12 months." UNIQUE THIRD: Court Directs U.S. Trustee to Appoint PCO ------------------------------------------------------- Judge John Mastando, III of the U.S. Bankruptcy Court for the Southern District of New York directed the U.S. Trustee to appoint a patient care ombudsman for Unique Third Avenue, LLC and affiliates. The bankruptcy judge finds that the provisions of Section 333(a)(1) of the Bankruptcy Code for appointment of a PCO apply to the companies after having filed their bankruptcy petitions, indicating that they operate a health care business. On November 4, 2025, the companies filed Chapter 11 petitions designating them as a health care business. The PCO will perform the duties required under Sections 333(b) and (c) of the Bankruptcy Code. About Unique Third Avenue Unique Third Avenue, LLC and affiliates are a group of affiliated companies engaged in medical imaging and real estate operations in the Bronx, New York. The group includes Third Avenue Imaging, LLC and Unique Imaging Services, LLC, which operate diagnostic laboratories equipped with MRI, CT, mammography, and ultrasound systems; Distinguished Diagnostic Imaging, P.C., which provides outpatient radiology services across two accredited centers at Williamsbridge Road and East Fordham Road; and Unique Third Avenue LLC, which owns the real estate properties at 2772, 2774, and 2777-2781 Third Avenue that house the medical operations. Together, the companies maintain integrated clinical, equipment, and property assets under common beneficial ownership, offering comprehensive diagnostic imaging services to patients and referring physicians. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-12461) on November 4, 2025. In the petition signed by Nick Lavrinoff, chief restructuring officer, Unique Third Avenue disclosed $3,261,747 in assets and $11,429,935 in liabilities. Judge John P. Mastando oversees the case. Mark Frankel, Esq., at Backenroth Frankel & Krinsky, LLP, represents the Debtor as legal counsel. UNIQUE THIRD: Court Orders Appointment of Patient Care Ombudsman ---------------------------------------------------------------- The Honorable John P. Mastando III of the United States Bankruptcy Court for the Southern District of New York entered an order directing the United States Trustee to appoint a patient care ombudsman pursuant to Section 333 of the Bankruptcy Code in the bankruptcy case of Unique Third Avenue LLC. On January 8, 2026, the Court entered a memorandum opinion and order finding that the appointment of a patient care ombudsman is necessary. As shared by the Troubled Company Reporter, Judge Mastando denied the motion of Unique Third Avenue LLC and its affiliated debtors seeking a determination that the appointment of a patient care ombudsman is unnecessary in the bankruptcy case. The Debtors argued that appointing an ombudsman would impose unnecessary administrative expense with no discernable corresponding benefit to patient welfare. The Court found the Debtors failed to carry their burden of demonstrating that they possess the requisite facilities or personnel to safeguard the patients' rights. As to the level of dependency of the patients on the Debtors' facilities, the Court found that appointment of an ombudsman is necessary. With regards to the cost of appointment, the Court determined the Debtors likewise failed to carry their burden. The Debtors asserted in general terms that appointment of an ombudsman would impose unnecessary administrative costs, but they provided no quantification, no projected budget impact, and no explanation of how the expense would impair their reorganization efforts. On this record, the Court could not find that the expense of an ombudsman would meaningfully impair the Debtors' reorganization prospects, particularly where the Debtors already filed a proposed reorganization plan on November 13, 2025. A copy of the Court's Order dated January 15, 2026, is available at https://urlcurt.com/u?l=ol4M8a from PacerMonitor.com. About Unique Third Avenue Unique Third Avenue, LLC and affiliates are a group of affiliated companies engaged in medical imaging and real estate operations in the Bronx, New York. The group includes Third Avenue Imaging LLC and Unique Imaging Services LLC, which operate diagnostic laboratories equipped with MRI, CT, mammography, and ultrasound systems; Distinguished Diagnostic Imaging, P.C., which provides outpatient radiology services across two accredited centers at Williamsbridge Road and East Fordham Road; and Unique Third Avenue LLC, which owns the real estate properties at 2772, 2774, and 2777-2781 Third Avenue that house the medical operations. Together, the companies maintain integrated clinical, equipment, and property assets under common beneficial ownership, offering comprehensive diagnostic imaging services to patients and referring physicians. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No. 25-12461) on November 4, 2025. In the petition signed by Nick Lavrinoff, chief restructuring officer, Unique Third Avenue disclosed $3,261,747 in assets and $11,429,935 in liabilities. Judge John P. Mastando oversees the case. Mark Frankel, Esq., at Backenroth Frankel & Krinsky, LLP, represents the Debtor as legal counsel. UNITED SITE: Hire Kurtzman Carson as Administrative Advisor ----------------------------------------------------------- United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Kurtzman Carson Consultants, LLC d/b/a Verita Global as administrative advisor. The firm will provide these administrative services: (a) assist with, among other things, solicitation, balloting, and tabulation of votes, and prepare any related reports; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a Chapter 11 plan; and (f) provide such other processing, solicitation, balloting, and administrative services. Prior the Petition Date, the Debtor provided Verita a retainer in the amount of $75,000. The firm will be paid at its standard hourly rates and will be reimbursed for expenses incurred. Evan Gershbein, executive vice president at Verita Global, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Evan J. Gershbein Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Telephone: (310) 823-9000 Facsimile: (310) 823-9133 Email: egershbein@kccllc.com About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. UNITED SITE: Seeks Approval to Hire Cole Schotz PC as Co-Counsel ---------------------------------------------------------------- United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Cole Schotz P.C as co-counsel. The firm's services include: (a) providing the Debtors with advice, based on its extensive experience practicing in the District of New Jersey, regarding the Debtors' rights, powers, and duties as debtors in possession in continuing to operate and manage their assets and business; (b) providing legal advice and services regarding local rules, practices and procedures including Third Circuit law; (c) providing certain services in connection with the administration of the Chapter 11 Cases including, without limitation, preparing agendas, hearing notices, and hearing binders of documents and pleadings; (d) advising the Debtors with respect to their reporting obligations and duties as debtors in possession, including reporting obligations to the Court and the United States Trustee (e.g., preparing monthly operating reports, schedules and statement of financial affairs, U.S. Trustee deliverables); (e) preparing pleadings, motions, and applications related to bankruptcy administrative matters and any other matter that the Debtors determine can be more efficiently performed by Cole Schotz; (f) reviewing and commenting on proposed drafts of other pleadings to be filed with the Court; (g) appearing in Court and at any meeting with the United States Trustee and any meeting of creditors; (h) providing legal advice and services on any matter on which Milbank may have a conflict or as needed based on specialization; (i) performing all other legal services for and on behalf of the Debtors which may be necessary or appropriate in the administration of these Chapter 11 Cases and fulfillment of the Debtors' duties as debtors in possession; and (j) responding to creditor and party-in-interest inquiries directed to Cole Schotz. The firm's standard hourly rates are: Members $670 to $1,800 Special Counsel $700 to $950 Associates $400 to $765 Paralegals $330 to $485 Cole Schotz received a retainer in the amount of $337,594. The following is provided in response to the request for additional information set forth in Paragraph D.1. of the U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Cole Schotz began providing restructuring services to the Debtors approximately one month prior to the Petition Date. During that time, Cole Schotz did not raise its billing rates. The material financial terms for the pre-petition engagement remain the same as those disclosed in the Application, as that engagement was undertaken on an hourly-fee basis. Question: Has your client approved your prospective budget and staffing plan, and, if so for what budget period? Response: Yes. Pursuant to the Interim DIP Order, the Debtors must furnish regular budget and variance reports, which include detail regarding the fees and expenses incurred by the proposed professionals of the Debtors in these Chapter 11 Cases. According to court filings, Cole Schotz is a "disinterested person" as defined under Section 101(14) of the Bankruptcy Code. Cole Schotz can be reached at: Michael D. Sirota, Esq. COLE SCHOTZ P.C. Court Plaza North, 25 Main Street Hackensack, NJ 07601 Telephone: (201) 489-3000 Email: msirota@coleschotz.com About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. UNITED SITE: Seeks to Hire Alvarez & Marsal as Financial Advisor ---------------------------------------------------------------- United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Alvarez & Marsal North America, LLC as financial advisors. The firm's services include: a. assistance to the Debtors in the preparation of financial-related disclosures required by the Court, including the Debtors' Schedules of Assets and Liabilities, Statements of Financial Affairs and Monthly Operating Reports; b. assistance to the Debtors with information and analyses required pursuant to the Debtors' debtor-in-possession financing; c. assistance with the identification and implementation of short-term cash management procedures; d. advisory assistance in connection with the development and implementation of key employee compensation and other critical employee benefit programs, as requested; e. assistance with the identification of executory contracts and leases and performance of cost/benefit evaluations with respect to the affirmation or rejection of each, as requested; f. assistance to Debtors' management team and counsel focused on the coordination of resources related to the ongoing reorganization effort; g. assistance in the preparation of financial information for distribution to creditors and others, including, but not limited to, cash flow projections and budgets, cash receipts and disbursement analysis, analysis of various asset and liability accounts, and analysis of proposed transactions for which Court approval is sought; h. attendance at meetings and assistance in discussions with potential investors, banks, and other secured lenders, any official committee(s) appointed in these Chapter 11 Cases, the United States Trustee, other parties in interest and professionals hired by same, as requested; i. analysis of creditor claims by type, entity, and individual claim, including assistance with development of databases, as necessary, to track such claims; j. assistance in the preparation of information and analysis necessary for the confirmation of a plan of reorganization in these Chapter 11 Cases, including information contained in the disclosure statement; k. assistance in the analysis / preparation of information necessary to assess the tax attributes related to the confirmation of a plan of reorganization in these Chapter 11 Cases, including the development of the related tax consequences contained in the disclosure statement, as requested; l. litigation advisory services with respect to accounting and tax matters, along with expert witness testimony on case related issues as required by the Debtors; and m. provision of such other general business consulting or such other assistance as Debtors' management or counsel may deem necessary consistent with the role of a financial advisor to the extent that it would not be duplicative of services provided by other professionals in this proceeding. The firm's hourly rates are: Managing Directors $1,200 - $1,600 Directors $900 - $1,175 Associates $650 - $875 Analysts $450 - $625 The firm received from the Debtors a retainer of $500,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Brian Cejka, a managing director with Alvarez & Marsal North America, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Brian Cejka Alvarez & Marsal North America, LLC 2100 Ross Avenue, 21st Floor Dallas, TX 75201 Tel: (214) 438-1000 Fax: (214) 438-1001 About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. UNITED SITE: Seeks to Hire Milbank LLP as Bankruptcy Counsel ------------------------------------------------------------ United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Milbank LLP as counsel. The firm can be reached through: a. advise the Debtors with respect to their rights, powers, and duties as debtors in possession in operating their business; b. advise on the administration of the Chapter 11 Cases, including with respect to all of the legal and administrative requirements of operating in chapter 11; c. appear before the Court and any appellate courts, if necessary, to represent the interests of the Debtors' estates; d. draft all pleadings, including motions, applications, answers, responses, orders, reports, and others necessary or beneficial to the administration of the Debtors' estates; e. represent the Debtors in connection with obtaining post-petition financing and authorization to use cash collateral; f. advise the Debtors concerning assumption, assignment, and rejection of executory contracts and unexpired leases; g. advise the Debtors and take all necessary or appropriate actions to protect and preserve the Debtors' estates; h. attend meetings and negotiate with representatives of creditors and other parties in interest, including governmental authorities, as necessary; i. advise the Debtors, prepare necessary documentation and pleadings, and take all necessary or appropriate actions in connection with statutory bankruptcy issues, strategic transactions, asset sale transactions, real estate, intellectual property, employee benefits, business and commercial litigation, regulatory, corporate, and tax matters; j. advise the Debtors, prepare the necessary documentation and pleadings, and take all necessary or appropriate actions in connection with the Debtors' plan of reorganization, their anticipated equity rights offering and their other anticipated exit financing; and k. perform all other necessary legal services in connection with the Chapter 11 Cases as may be required. The hourly rates charged by Milbank are: Partners $2,145 to $2,725 Special Counsel $1,995 to $2,270 Associates $745 to $1,820 Legal Assistants $410 to $595 Milbank received approximately $14,132,268.63 from USS and is currently holding a retainer of approximately $508,232.78. ๠The following information is provided in response to the request for additional information set forth in Paragraph D.1. of the UST Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: Milbank did not agree to a variation of its standard or customary billing arrangements for this engagement. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: None of Milbank's professionals included in this engagement have varied their rate based on the geographic location of the Chapter 11 Cases. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Milbank represented the Debtors in both restructuring and other matters in the twelve (12) months prior to the Petition Date. ๠e billing rates and material financial terms have not changed from those agreed to in connection with restructuring matters, other than due to annual and customary firm-wide adjustments to Milbank's hourly rates in the ordinary course of Milbank's business. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: ๠e Debtors and Milbank intend to develop a budget and staffing plan for these Chapter 11 Cases. ๠e Debtors and Milbank may amend the budget as necessary to reflect changed or unanticipated developments. Milbank is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Dennis F. Dunne, Esq. Samuel A. Khalil, Esq. Matthew Brod, Esq. Lauren C. Doyle, Esq. Benjamin M. Schak, Esq. MILBANK LLP 55 Hudson Yards New York, NY 10001 Tel: 1 (212) 530-5000 Email: DDunne@Milbank.com Email: SKhalil@Milbank.com Email: MBrod@Milbank.com Email: LDoyle@Milbank.com Email: BSchak@Milbank About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. UNITED SITE: Seeks to Hire PJT Partners LP as Investment Banker --------------------------------------------------------------- United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ PJT Partners LP as their investment banker. The firm will render these services: a. assist in the evaluation of the Debtor's businesses and prospects; b. assist in the development of the Debtor's long-term business plan and related financial projections; c. assist in the development of financial data and presentations to the Debtor's Board of Directors, various creditors and other third parties; d. provide strategic advice with regard to a potential Restructuring and/or Capital Raise; e. evaluate the Debtor's debt capacity and alternative capital structures; f. participate in negotiations among the Debtor and its creditors, and other interested parties and/or potential financing parties; g. analyze various Restructuring and/or Capital Raise scenarios; h. assist in arranging financing for the Debtor, as requested; i. value securities offered by the Debtor in connection with a potential Restructuring; j. advise the Debtor and negotiate with lenders and/or holders with respect to any potential Restructuring and/or Capital Raise; k. assist the Debtor in preparing marketing materials in conjunction with a possible Transaction; l. assist the Debtor in identifying potential buyers or parties in interest to a Transaction and assist in the due diligence process; m. assist and advise the Debtor concerning the terms, conditions and impact of any proposed Transaction; n. provide expert witness testimony in connection with a Chapter 11 case filed by the Debtor concerning any of the subjects encompassed by the other investment banking services; o. assist the Debtor in its efforts to obtain approval of a Chapter 11 plan, including the development of a valuation analysis; and p. provide such other advisory services as are customarily provided in connection with the analysis and negotiation of a transaction similar to a potential Transaction, Restructuring and/or Capital Raise, as requested and mutually agreed. PJT will be compensated at these fees: a. Monthly Fee. The Debtors shall pay PJT a Monthly Fee in the amount of $200,000 per month. Fifty percent (50%) of all Monthly Fees paid to PJT after the sixth Monthly Fee has been paid (i.e., after $1,050,000 has been paid) through payment of the twelfth Monthly Fee shall be credited, only once and without duplication, against the Restructuring Fee and/or Transaction Fees, up to a maximum total credit against such fees of $600,000. b. Capital Raising Fee. The Debtors shall pay PJT a Capital Raising Fee for any Capital Raise, earned and payable upon the closing of such Capital Raise. The Capital Raising Fee will be calculated as: i. 1.25% of the total issuance and/or committed amount of senior debt financing, but excluding senior debt financing that is or may (or is anticipated in the future to) constitute a Structured Financing; ii. 2.5% of the total issuance and/or committed amount of (A) Structured Financing, (B) junior debt financing, or (C) unsecured debt financing (including, without limitation, financing that is junior in right of payment, second lien, subordinated (structurally or otherwise) and unsecured debt); and iii. 4.0% of the issuance and/or committed amount of equity financing; in each case, including by means of a back-stop commitment; provided that, 1. no Capital Raising Fee shall be payable in respect of such portion of a financing raised from Platinum Equity Advisors, LLC or its affiliates (collectively, "Platinum"), unless the Company receives a bona fide good faith financing proposal (a "Third Party Proposal") from a third party other than Platinum and Platinum provides such financing to the Company, in which case PJT shall be entitled to receive 50% of the Capital Raising Fee to which it otherwise would have been entitled in respect of such financing raised from Platinum, 2. to the extent financing is raised from existing debt holders of the Company as of April 9, 2025 (collectively, "Existing Holders"), 25% of the Capital Raising Fee paid to PJT in respect of any financing raised from any Existing Holders shall be credited against the Restructuring Fee, and 3. no Capital Raising Fee shall be payable in respect of any rollup debtor-in-possession financing or takeback debt (for the avoidance of doubt, excluding any asset-backed and/or revolving facilities issued at emergence). iv. Restructuring Fee. The Debtors shall pay PJT a Restructuring Fee equal to $13,500,000, earned and payable upon consummation of a Restructuring. v. Transaction Fee. The Debtors shall pay PJT a Transaction Fee upon the consummation of a Transaction directly out of the gross proceeds of the Transaction or other cash available calculated as (x) 0.90% of the Transaction Value5 up to and including $1,500 million, plus (y) 1.10% of the Transaction Value, if any, above $1,500 million. Upon consummation of a Transaction in which all or substantially all of the assets of the Company are sold, PJT, in its sole discretion, shall be entitled to either a Transaction Fee in respect of such Transaction or the Restructuring Fee, but not both. vi. Expense Reimbursements. In addition to the fees described above, the Debtors agree to reimburse PJT for all reasonable out-of-pocket expenses incurred during the engagement, including, but not limited to, travel and lodging, direct identifiable data processing, document production, publishing services and communication charges, courier services, working meals, reasonable fees and expenses of PJT’s counsel (without the requirement that the retention of such counsel be approved by the court in any bankruptcy case) and other necessary expenditures, payable upon rendition of invoices setting forth in reasonable detail the nature and amount of such expenses. In connection with the reimbursement, contribution and indemnification provisions set forth in the Engagement Letter and Attachment A to the Engagement Letter (the "Indemnification Agreement"), which is incorporated therein by reference and addressed further below, the Debtors agree to reimburse each PJT Party (as defined in the Indemnification Agreement), for its legal and other out-of-pocket expenses (including the cost of any investigation and preparation) as such expenses are incurred by each PJT Party in connection with any matter in any way relating to or referred to in the Engagement Letter or arising out of the matters contemplated by the Engagement Letter (including, without limitation, in enforcing the Engagement Letter), subject to certain exceptions, limitations, and requirements set forth in the Indemnification Agreement. Avram Robbins, a partner at PJT Partners LP, assured the court that the firm is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Avram Robbins PJT Partners LP 280 Park Avenue New York, NY 10017 About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The Debtor serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. UNITED SITE: Seeks to Hire PwC US Tax LLP as Tax Services Provider ------------------------------------------------------------------ United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ PwC US Tax LLP as a tax services provider. PwC US Tax will provide these tax services: a. Tax Restructuring Letter: PwC US Tax will include tax assistance and tax advice in connection with the contemplated debt and/or legal entity restructuring of PECF USS Intermediate Holding III Corporation ("PECF USS") and/or its affiliates (the "Restructuring Plan"). As requested, PwC US Tax's Services with respect to the Restructuring Plan may include, but are not limited to, the following, which will be based on inputs and assumptions provided by PECF USS: -- Advise PECF USS regarding the anticipated U.S. federal and certain state income tax (states to be agreed to with Client) implications associated with the Restructuring Plan of PECF USS's indebtedness pursuant to its anticipated Chapter 11 filing. -- Based upon information and assumptions provided by PECF USS, prepare an estimate of the U.S. federal and agreed upon state income tax basis of PECF USS's assets and subsidiaries. -- Based upon information and assumptions provided by PECF USS, develop estimates of the amount of net operating loss, capital loss and tax credit carryforwards as of December 31, 2024, and current year estimates through the bankruptcy filing date. -- Utilizing the Advisory Process, prepare a tax analysis estimating the U.S. federal and certain state income tax effects of the proposed debt restructuring scenarios identified and provided by PECF USS's financial and legal advisors. Such analysis will be based upon data inputs (such as entity and asset valuations, current debt and accrued interest balances, tax basis information for the stock of affiliates, as well as tax basis balance sheet of applicable entities, etc.) provided by PECF USS and will estimate the amount of cancelation of indebtedness ("COD") income recognized, if any, in connection with the debt restructuring as well as estimating the U.S. federal and certain state income tax effects under IRC section 108(b) and Treas. Reg. sec. 1.1502-28. -- To the extent that PECF USS and its creditors decide to use a "Bruno's" style transaction in connection with the Restructuring Plan, prepare a memorandum addressing whether the "Bruno's" transaction is anticipated to qualify as a taxable transaction for federal income tax purposes under IRC section 1001. -- Prepare a proposed step plan depicting the debt restructuring steps selected by PECF USS and describing the anticipated U.S. federal and agreed upon state income tax implications associated with such steps. -- Participate in discussions with PECF USS's advisors, identified by PECF USS, to discuss debt restructuring steps and background facts relevant to the debt restructuring for purposes of our income tax analysis. -- Read legal documents prepared by PECF USS's legal counsel and provide comments to legal counsel, as requested with respect to income tax matters. PECF USS and its counsel are responsible for ensuring PECF USS's intended tax structure is appropriately reflected in any agreements. -- Provide advice, answers to questions on federal, state and local, and international direct and indirect tax matters, (e.g., sales & use tax, property tax, VAT, excise tax, payroll tax, credits) including research, discussions, preparation of memoranda, and attendance at meetings relating to such matters, as mutually agreed to in writing. -- Prepare ownership change analysis under Internal Revenue Code (IRC) Section 382, Section 382 limitation calculations, and net unrealized built-in gain or loss analysis based upon inputs and assumptions provided by PECF USS, as requested. The firm will receive compensation as follows: a. Tax Restructuring Letter: Tax Restructuring Letter is pursuant to an hourly fee arrangement, and the hourly rates are set forth below, exclusive of expenses. Roles Tax Restructuring per Hour Rate Partner/Principal $1,396 Managing Director $1,269 Director $1,254 Senior Manager $1,197 Manager $1,162 Senior Associate $999 Associate and other staff $780 b. Pre-petition, the Debtors remitted retainer payments totaling $250,000 of which any remaining amounts of such retainer as of the Petition Date to be applied against Court-approved post-petition Tax Restructuring Services. As disclosed in the court filings, PwC US Tax LLP is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, and as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Matthew E. Manning, CPA PwC US Tax LLP 400 Campus Drive Florham Park, NJ 07932 Tel: (973) 236-4000 Tel: (973) 236-7000 About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. UNITED SITE: Taps PricewaterhouseCoopers as Audit Services Provider ------------------------------------------------------------------- United Site Services, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to employ PricewaterhouseCoopers LLP as the audit services provider. The firm's services include: a. Audit Letter: 2025 Audit i. PwC LLP will audit the consolidated financial statements of PECF USS Intermediate Holding III Corporation ("PECF USS") which comprise the consolidated balance sheet (debtor-in-possession) at December 31, 2025 and related consolidated statements of operations and comprehensive loss (debtor-in-possession) shareholders' equity (debtor-in-possession) and cash flow (debtor-in-possession) for the year then ending. Upon completion of the audit, PwC LLP will provide PECF USS with PwC LLP's written report on the financial statements referred to above. Circumstances may arise in which PwC LLP's report may differ from its expected form and content based on the results of PwC LLP's audit. Depending on the nature of these circumstances, it may be necessary for PwC LLP to modify PwC LLP's opinion or add an emphasis- of- matter paragraph or other matter paragraph to PwC LLP's audit report. If for any reason relating to the affairs or management of PECF USS we are unable to complete PwC LLP's audit, PwC LLP may decline to issue a report as a result of the engagement. ii. As part of the engagement and as is customary in PwC LLP's role as auditor, PwC LLP may provide various types of insights-whether oral, written, or visual. Incremental Audit Procedures iii. PwC LLP fiscal 2025 audit services will include discussions, review and testing of certain information related to adopting ASC 852, Reorganizations, as a result of PECF USS's pending bankruptcy proceedings "incremental audit procedures". Such incremental audit procedures may include (as applicable): discussing general accounting guidance around accounting while in bankruptcy and the adoption of fresh start accounting, incremental evaluation of control changes as a result of system implementations/upgrades, procedures related to litigation, investigation matters, capital markets transactions, liquidity assessments, or other technical accounting matters involving consultation, and trigger based impairment assessments. Any such incremental audit procedures will be provided on an hourly rate basis as included within Exhibit 1, subject to the terms and conditions above. The firm's proposed compensations are: a. 2025 Audit: e 2025 Audit Letter is a fixed fee arrangement whereby PwC LLP agreed to be paid $927,000, exclusive of expenses. b. Incremental Audit Procedures: e Incremental Audit Procedures are pursuant to an hourly fee arrangement, and the hourly rates, exclusive of expenses. Specialists (CMAAS Valuation, and National Office) Staff Class Rate per hour Rate per hour Rate per hour CMAAS Valuation National Office Partner $1,321 $1,346 $1,572 Managing $1,249 $1,211 $1,485 Director Director $1,129 $1,101 $1,335 Senior Manager $999 $971 $1,180 Manager $876 $844 $1,017 Senior $721 $703 Associate Associate $499 $592 Core Audit Team Staff Class Rate per hour Rate per hour Rate per hour Assurance Tax DAT Partner $1,094 $1,232 $1,157 Managing $861 $960 $932 Director Director $627 $804 $845 Senior Manager $511 $749 $536 Manager $461 $698 $520 Senior $357 $571 $381 Associate Associate $243 $444 $247 John D. Wood, a partner of PwC LLP, disclosed in the court filing that the firm is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, and as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: John D. Wood PricewaterhouseCoopers LLP 400 Campus Drive Florham Park, NJ 07932 Tel: (973) 236-4000 Tel: (973) 236-7000 About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank LLP and Cole Schotz PC as counsel. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent. VALLEY PROPERTY: Katharine Battaia Clark Named Subchapter V Trustee ------------------------------------------------------------------- The U.S. Trustee for Region 6 appointed Katharine Battaia Clark of Thompson Coburn, LLP as Subchapter V trustee for Valley Property Services - VPS LLC. Ms. Clark will be paid an hourly fee of $575 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Clark declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Katharine Battaia Clark Thompson Coburn, LLP 2100 Ross Avenue, Ste. 3200 Dallas, TX 75201 Office: 972-629-7100 Mobile: 214-557-9180 Fax: 972-629-7171 Email: kclark@thompsoncoburn.com About Valley Property Services - VPS LLC Valley Property Services - VPS, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 26-40097) on January 6, 2026. At the time of the filing, the Debtor listed $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. VALLEY PROPERTY: Seeks Chapter 11 Bankruptcy in Texas ----------------------------------------------------- On January 6, 2026, Valley Property Services-VPS LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1 to 49 creditors. About Valley Property Services – VPS LLC Valley Property Services – VPS LLC is a limited liability company engaged in property-related services and operations. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-40097) on January 6, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Mark X. Mullin is presiding over the case. VALMONT HOLDINGS: Claims to be Paid from Property Sale Proceeds --------------------------------------------------------------- Valmont Holdings, Inc. filed with the U.S. Bankruptcy Court for the Central District of California a Disclosure Statement describing Chapter 11 Plan dated January 13, 2026. The Debtor is a California corporation whose business historically consisted of real estate development, management of real estate assets, and consulting services. This is a reorganizing Plan. Under the Plan, the Debtor will restructure the secured debts against its one asset, the real property located at 27417 Park Vista Rd., Agoura Hills, CA 91301, and make payments to creditors from the debtor's post confirmation income or the complete payoff from a successful sale of the property. At the time this case was filed, the Debtor was behind on the monthly mortgage payments of the senior lien holder. The Debtor's representative attempted to negotiate a repayment plan with a senior lien holder, who refused to the terms offered by the Debtor. When senior lien holder that provided the parameters for which a repayment plan would work, the Debtor agreed to the terms offered, but then lien holder rejected any attempt of repayment plan and instead wanted to pursue a foreclosure sale of the property. If the Debtor had not filed for Chapter 11 relief, the first mortgage holder on the one property would have foreclosed on its real property collateral, thereby eliminating any recovery for the remaining junior lien holders. The Plan generally divides creditors into one category of creditors: secured creditors, divided into separate classes. The secured creditors are those creditors who hold the first, second, third and fourth position trust deeds on the property. These creditors are provided in the Plan with secured claims equal to the value of the real property collateral to which their deeds of trust attach. Their allowed secured claims are paid in full under the Plan. There are no unsecured creditors. Since the commencement of this Chapter 11 case, the Debtor has continued to actively market the Property for sale. The Debtor believes that a properly marketed sale, conducted without pressure of an impending foreclosure, will maximize value and yield the highest possible recovery for creditors. The Plan is intended to be implemented through a combination of funding sources and administrative mechanisms designed to allow for the orderly reorganization of the Debtor and the payment of claims in accordance with the Plan. The Debtor anticipates that the Plan will be funded through one or more of the following sources: * contributions by the Debtor's principal, as necessary; * proceeds from a deed of trust receivable in the approximate principal amount of $386,000, which matured in January 2026; and * net proceeds from the sale of the Property. A full-text copy of the Disclosure Statement dated January 13, 2026 is available at https://urlcurt.com/u?l=tROSbB from PacerMonitor.com at no charge. Counsel to the Debtor: Gary Kurtz, Esq. Law Office of Gary Kurtz 5126 Clarenton Dr., Suite 208 Agoura Hills, CA 91301 Telephone: (747) 222-7559 About Valmont Holdings Inc. Valmont Holdings Inc. engages in real estate development and management, focusing on its primary property at 27417 Park Vista Rd. in Agoura Hills, California, which is valued at approximately $6 million. Valmont Holdings Inc. filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-20756) on December 1, 2025, reporting estimated assets and liabilities between $1 million and $10 million. The case is assigned to Honorable Bankruptcy Judge Barry Russell. The Debtor is represented by Gary Kurtz, Esq., at the Law Office of Gary Kurtz. VITAL DENTAL: Soneet Kapila Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Soneet Kapila of Kapila Mukamal as Subchapter V trustee for Vital Dental Center, LLC. Mr. Kapila will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Kapila declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Soneet R. Kapila Kapila Mukamal 1000 South Federal Highway, Suite 200 Fort Lauderdale, FL 33316 Tel: (954) 761-1011 Email: skapila@kapilamukamal.com About Vital Dental Center 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. Vital Dental Center filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10432) on January 14, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Martin Maya, manager, signed the petition. Judge Peter D. Russin presides over the case. Peter Spindel, Esq., at Peter Spindel, Esq., P.A. represents the Debtor as legal counsel. VIVIANS RESTAURANT: Case Summary & 14 Unsecured Creditors --------------------------------------------------------- Debtor: VIvians Restaurant Inc. 1932 Central Street Evanston, IL 60202 Business Description: Vivians Restaurant Inc. operates Bluestone restaurant in Evanston, Illinois, specializing in classic American comfort food with a menu that includes appetizers, bowls, sides, pizzas, desserts, a kids menu, and beverages, as well as family meal options. The Company also provides catering and reservation services, serving local customers in a casual dining setting. Chapter 11 Petition Date: January 20, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-00919 Judge: Hon. Michael B Slade Debtor's Counsel: Scott R. Clar, Esq. CRANE, SIMON, CLAR & GOODMAN Suite 3950 135 South LaSalle Street Chicago, IL 60603-4297 Tel: 312-641-6777 Fax: 312-641-7114 Email: sclar@cranesimon.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by George P. Fowler as president. A full-text copy of the petition, which includes a list of the Debtor's 14 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ATKQGGY/VIvians_Restaurant_Inc__ilnbke-26-00919__0001.0.pdf?mcid=tGE4TAMA VOBEV LLC: Judge Recommends Dismissal of Adonis Counterclaims ------------------------------------------------------------- In the case captioned as BELVAC PRODUCTION MACHINERY, INC., Plaintiff, v. ADONIS ACQUISITION HOLDINGS LLC, Defendant, Case No. 25-cv-00166 (D. Del.), Magistrate Judge Eleanor G. Tennyson of the United States District Court for the District of Delaware recommends that Belvac Production Machinery, Inc.'s motion to dismiss the counterclaims of Adonis Acquisition Holdings LLC for fraud and fraudulent inducement be granted. This case arises out of Belvac's prior relationship with non-party Vobev, LLC's and Vobev's subsequent bankruptcy proceedings. Between 2020 and 2024, Vobev purchased several of Belvac's canning machines, including bodymakers and neckers, multiple times through multiple agreements. The machines were all purchased on credit. These canning machines all utilize Belvac's copyrighted software -- and the software is pre-installed on certain machine components. By the terms of the parties' agreements, Vobev did not obtain any ownership interest in any of Belvac's software; instead, Vobev merely obtained a non-exclusive license to use Belvac's software on the purchased equipment. On January 12, 2024, Vobev defaulted on its payments for the canning machinery. And on December 9, 2024, Vobev filed for Chapter 11 bankruptcy. Belvac sought a prepetition trade claim for $16 million for the Vobev agreements but Vobev rejected Belvac's request. Instead, Vobev sought to enter into an Asset Purchase Agreement ("the APA") with Defendant Adonis. Under the proposed APA, Adonis would receive (among other things) all of the equipment used in Vobev's canning business -- including the canning machinery that Vobev had purchased from Belvac on credit. Vobev filed notice of the APA with the United States Bankruptcy Court for the District of Utah on January 7, 2025. The present dispute centers around what happened after Vobev filed notice of the APA. On January 9, 2025, the Bankruptcy Court authorized Vobev to pay certain prepetition claims to vendors critical to Vobev's continued operation. Belvac sought to enter into such a post-petition agreement with Vobev. On January 14, 2025, Belvac and Vobev entered into a Critical Vendor Agreement ("the CVA"), which required Vobev to pay $2.5 million towards its debt to Belvac and roughly an additional $1.3 million for previously ordered necker parts that Belvac had yet to supply. After obtaining the CVA, Belvac filed objections to the APA between Vobev and Adonis. But the Bankruptcy Court overruled those objections and approved the APA on February 7, 2025. Pursuant to that APA, Adonis obtained ownership of all of the Belvac canning machinery that Vobev had previously purchased. The APA also purportedly assigned the newly entered CVA to Adonis. The parties in this case vehemently dispute what rights (if any) Adonis received under the CVA and APA to the Belvac software used by the purchased equipment. On February 11, 2025, Belvac filed the present action against Adonis for copyright infringement in connection with the latter's use of the copyrighted Belvac software. Adonis asserts against Belvac counterclaims of fraud and fraudulent inducement, accusing Belvac of lying to Vobev to obtain the CVA (which now binds Adonis). Adonis also asserts counterclaims of breach of contract and tortious interference with business expectancy, as well as a counterclaim for a declaratory judgment of no copyright infringement. Belvac seeks dismissal of these fraud-based counterclaims because: (1) Adonis does not allege that non-party Vobev suffered any harm or that Adonis was the recipient of any fraud, (2) the counterclaims fail to meet Rule 9(b)'s particularity requirement and (3) the counterclaims are barred by Utah's economic loss doctrine. Belvac argues that dismissal of the fraud counterclaims is warranted because Adonis does not adequately plead fraud or fraudulent inducement against any single entity. Therefore, in Belvac's view, Adonis improperly combines factual allegations as to Vobev, on the one hand, and Adonis, on the other hand, to create fraud claims. Adonis's counterclaim alleges that Adonis has been injured by Belvac's fraudulent intent at the time of contracting but that Belvac intended to deceive Vobev regarding its intent to permit continued use of the software at the time that the CVA was executed. Adonis fails, however, to include any allegation that Belvac directed any intentionally deceptive statement at Adonis (rather than Vobev). Instead, Adonis's factual allegations are focused on Belvac's representations to Vobev -- and Belvac's subsequent actions that are purportedly inconsistent with those representations. But, from this, the Court cannot plausibly infer that Belvac made any representation to Adonis -- let alone a fraudulent one. Therefore, Adonis's counterclaim for fraud is inadequately pled and should be dismissed. The Court reaches the same result for Adonis's fraudulent inducement claim. Adonis's factual allegations all relate to Belvac's purported misrepresentations to Vobev -- not Adonis. Without more, the Court cannot infer that Belvac made any representations to Adonis, fraudulent or otherwise. Or that those representations induced Adonis (as opposed to Vobev) to act in any way. There is simply no factual support to plausibly infer that Adonis has been the target of fraudulent inducement by Belvac. Dismissal is thus warranted for this counterclaim as well. A copy of the Court's Report and Recommendation dated January 12, 2026, is available at https://urlcurt.com/u?l=REZpoV About Vobev LLC Vobev LLC, a Salt Lake City-based beverage can manufacturer, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 24-26346) on Dec. 9, 2024. In its petition, the Debtor disclosed between $500 million and $1 billion in both assets and liabilities. Bankruptcy Judge Joel T. Marker handles the case. The Debtor tapped Ray Quinney & Nebeker PC as counsel, Houlihan Lokey Capital, Inc., as investment banker, and FTI Consulting, Inc., as financial advisor. Kroll Restructuring Administration LLC is the Debtor's claims and noticing agent. VON ROHR: Nancy Isaacson's Appointment as Chapter 11 Trustee OK'd ----------------------------------------------------------------- Judge Stacey Meisel of the U.S. Bankruptcy Court for the District of New Jersey approved the appointment of Nancy Isaacson, Esq., as Chapter 11 trustee for Von Rohr Equipment Corp. Ms. Isaacson, an attorney at Greenbaum, Rowe, Smith & Davis, LLP, in Roseland, New Jersey, was appointed on Jan. 15 by the U.S. Trustee for Regions 3 and 9, the Justice Department's bankruptcy watchdog overseeing Von Rohr's Chapter 11 case. The appointment followed a January 13 court order directing the appointment of an independent trustee to take over the case. Ms. Isaacson disclosed in a verified statement that she has no connections with Von Rohr, creditors or any party with interest in the company's bankruptcy case. Ms. Isaacson can be reached through: Greenbaum, Rowe, Smith & Davis, LLP Nancy Isaacson, Esq. 75 Livingston Avenue Roseland, NJ 07068 Phone: 973.577.1930 Fax: 973.577.1931 nisaacson@greenbaumlaw.com About Von Rohr Equipment Corp. Von Rohr Equipment Corp. filed Chapter 11 petition (Bankr. D. N.J. Case No. 25-21662) on October 31, 2025, listing between $10 million and $50 million in assets and between $1 million and $10 million in liabilities. John Cancelliere, president and sole shareholder, signed the petition. Judge Hon. Stacey L. Meisel oversees the case. The Debtor is represented by Anthony Sodono, III, Esq., at McManimon, Scotland & Baumann, LLC. WALLBEDS N MORE: Seeks Chapter 7 Bankruptcy in Texas ---------------------------------------------------- Wallbeds N More at Plano, LLC commenced a voluntary Chapter 7 bankruptcy case on January 7, 2026, in the Eastern District of Texas, according to court records. The Debtor lists obligations totaling $100,001 to $1 million owed to 50–99 creditors. About Wallbeds N More at Plano, LLC Wallbeds N More at Plano, LLC operates as a furniture retail business specializing in wall beds and related home furnishing products. The Debtor filed for relief under Chapter 7 of the U.S. Bankruptcy Code on January 7, 2026 (Case No. 26-40083), reporting estimated assets of $0–$100,000 and estimated liabilities in the $100,001–$1 million range. The case is assigned to Hon. Brenda T. Rhoades, Chief U.S. Bankruptcy Judge. The Debtor is represented by Guy Harvey Holman, Esq., Guy Harvey Holman, PLLC. WATCHTOWER FIREARMS: Court Okays Husch Blackwell's Fee Application ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas granted the first and final application of Husch Blackwell LLP, counsel to the Official Committee of Unsecured Creditors of Watchtower Firearms LLC, for allowance of compensation and reimbursement of expenses. Husch Blackwell's fees in the amount of $162,196.50, including all Holdback Fees owing, and reimbursable expenses in the amount of $282.30 for the interim period from May 2, 2025, through and including December 9, 2025, are allowed on a final basis. In addition, Husch Blackwell is allowed, on an interim and final basis, Trailing Fees equal to the lesser of (i) $17,500 and (ii) the actual fees and expenses incurred from the period December 10, 2025, through and including January 31, 2026, as allowed compensation. Upon the entry of this Order, the Debtors are authorized and directed to pay cash to Husch Blackwell in the amount of $40,023.90 in satisfaction of fees incurred and allowed on a final basis through and including December 9, 2025, which does not include the Trailing Fees. Husch Blackwell is authorized to apply the $9,775.80 overpayment in its IOLTA account to reduce the aggregate balance of Holdback Fees owing to the firm. Husch Blackwell is further authorized to apply the $282.30 overpayment of reimbursable expenses to reduce the aggregate balance of interim fees payable to the firm. A copy of the Court's Order dated January 14, 2026, is available at https://urlcurt.com/u?l=vLTOuZ from PacerMonitor.com. About Watchtower Firearms LLC Watchtower Firearms LLC is a veteran-owned company offering a diverse range of firearms, including custom rifles, special edition rifles, and handguns. The Company serves military, law enforcement, hunting, and personal use markets. In addition to firearms, it provides suppressors, components, and specialized gear tailored to meet the needs of its customers. Watchtower Firearms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-40684) on Feb. 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Judge Mark X. Mullin oversees the case. Joseph Acosta, Esq., at CONDON TOBIN, is the Debtor's counsel. WEBUILD SPA: Wins Bid to Dismiss SCMS's Suit Over Arbitration Award ------------------------------------------------------------------- Judge Sarala V. Nagala of the United States District Court for the District of Connecticut granted Webuild S.P.A.'s motion to dismiss the action styled as SOCIEDAD CONCESIONARIA METROPOLITANA DU SALUD S.A., Petitioner, v. WEBUILD S.P.A., Respondent, Case No. 24-cv-02043 (D. Conn.). Petitioner Sociedad Concesionaria Metropolitana Du Salud S.A., a Chilean construction company, brings this action against Italian construction company Webuild S.P.A., seeking confirmation of its foreign arbitration award pursuant to the Convention on the Recognition and Enforcement of Foreign Arbitration Awards of June 10, 1958, as codified under the Federal Arbitration Act, 9 U.S.C. Secs. 201, et seq. Petitioner alleges that Webuild, as successor in interest to Astaldi S.p.A., has assumed liability for the award following Astaldi's Concordato, a Chapter 11-equivalent restructuring proceeding, in Italy. This controversy arises out of a hospital construction project in Chile. In February 2014, the Chilean government awarded a concession to Astaldi, an Italian construction company, and contracted with it to design, construct, and operate the Felix Bulnes Hospital in Santiago, Chile. Astaldi then formed the petitioner, SCMS, as a standalone entity and assigned it the concession contract. SCMS, in turn, hired Astaldi's Chilean branch to complete most of the construction work for the hospital. This arrangement was formalized in July 2015, when SCMS and Astaldi signed an Engineering, Construction, and Execution of Services Contract for the Public Fiscal Work of the Felix Bulnes Hospital. Trouble began to arise in September 2018, when Astaldi told SCMS that it had begun bankruptcy and restructuring proceedings in Italy. Thereafter, the pace of construction slowed, and SCMS incurred more expenses in an attempt to keep the project on track, such as paying subcontractors on Astaldi's behalf. After Astaldi and SCMS were unable to resolve their differences, SCMS notified Astaldi of its intention to terminate the EPC Contract. The EPC Contract provided that all disputes would be resolved via binding arbitration before the Santiago Center for Arbitration and Mediation. Astaldi Chile and SCMS initiated arbitration proceedings against each other in Chile in January 2019. After considering documentary evidence and testimony from both sides, examining witnesses, and touring the construction site, the arbitrator granted an award in favor of SCMS; that award was later challenged on appeal. According to SCMS, as of November 29, 2024, it is owed a total of $146,521,235.32. Meanwhile, Astaldi underwent a reorganization through its Italian restructuring proceedings. It is the consequences of this reorganization process -- not the hospital project itself or the Arbitration -- that is the source of the present dispute between SCMS and Webuild. Both parties agree that some sort of corporate transaction occurred in the Italian restructuring that led to the creation of Webuild, but they disagree as to Webuild's liability for the arbitration award. SCMS, for its part, alleges that Webuild is liable for the arbitration award as the successor to Astaldi. Webuild disagrees, contending that a Demerger Agreement entered into during the Italian restructuring proceedings provides that it is not, in fact, liable for this particular debt. SCMS has now commenced the present proceedings in Connecticut to enforce its arbitration award against Webuild. Webuild has now moved to dismiss the action for lack of personal jurisdiction and, in the alternative, forum non conveniens. It contends that the matter is better suited to adjudication in Italian courts. The Court agrees. Because the Court lacks personal jurisdiction over Webuild under Connecticut's relevant long-arm statute and, in any event, forum non conveniens dictates the action should proceed elsewhere, the Court grants Webuild's motion to dismiss in full. A copy of the Court's Ruling and Order dated January 12, 2026, is available at https://urlcurt.com/u?l=N8eXpX from PacerMonitor.com. Webuild is a multinational construction company, incorporated with its principal place of business in Italy. The company is registered to do business in the state of Connecticut. It has designated a registered agent at 90 Fieldstone Court, Cheshire, Connecticut. WORKHORSE GROUP: $600,000 Annual Base Salary for CEO OK'd --------------------------------------------------------- Workhorse Group Inc. disclosed in a regulatory filing that the Human Resource Management and Compensation Committee of the Board of Directors recommended, and approved, certain elements of Scott Griffith's compensation as the Company's Chief Executive Officer, including an annual base salary of $600,000, retroactive to December 15, 2025, and a target bonus opportunity under the Company's Short-Term Incentive Plan, or such other executive bonus plan as may be adopted by the Company, of 50% of base salary. As previously disclosed on a Current Report on Form 8-K filed by the Company on December 15, 2025, Mr. Griffith was appointed to the role of Chief Executive Officer of the Company, effective as of that date. The Board intends to approve additional elements of Mr. Griffith's compensation and terms of employment as Chief Executive Officer and enter into a written agreement with Mr. Griffith with respect to the same. About Workhorse Group Workhorse Group Inc. -- http://www.workhorse.com-- is an American technology company with a vision to pioneer the transition to zero-emission commercial vehicles. The Company designs, develops, manufactures and sells fully electric ground and air-based electric vehicles. New York, N.Y.-based Berkowitz Pollack Brant Advisors + CPAs, 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 December 31, 2024, citing that the Company has incurred a net loss of $101.8 million and used $47.6 million of cash in operating activities during the year ended December 31, 2024, and as of December 31, 2024 the Company had total working capital of $8.2 million, including $4.1 million of cash and cash equivalents, and an accumulated deficit of $853.4 million. These conditions, along with the other matters, raise substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $116.7 million in total assets, $84.7 million in total liabilities, and $32.1 million in total stockholders' equity. XPRESSGUARDS LLC: Linda Leali Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Linda Leali, Esq., as Subchapter V trustee for Xpressguards, 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 Xpressguards LLC Headquartered in Hollywood, Florida, XPressGuards, LLC provides professional security services across multiple U.S. states, including armed and unarmed guards, surveillance, executive protection, fire watch, security assessments, and investigations, serving commercial, healthcare, hospitality, and construction sectors. Founded and managed by former law enforcement officers, XPressGuards specializes in delivering comprehensive, tailored security programs for diverse industries. XPressGuards filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10383) on January 13, 2026, with $501,283 in assets and $2,452,440 in liabilities. Moise Louissaint, authorized representative, signed the petition. Judge Scott M. Grossman presides over the case. Jesus Santiago, Esq., represents the Debtor as legal counsel. YUN FONG WHOLESALE: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------------ On January 14, 2026, Yun Fong Wholesale Corporation filed for Chapter 7 protection in the Central District of California. According to the court filing, the debtor reports between $1 million and $10 million in debt owed to 1-49 creditors. About Yun Fong Wholesale Corporation Yun Fong Wholesale Corporation is a wholesale distribution company that provides products to retail and commercial clients in California. Yun Fong Wholesale Corporation sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10101) on January 14, 2026. In its petition, the debtor reported estimated assets in the range of $0-$100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Scott C. Clarkson is handling the case. The debtor is represented by Rhonda Walker, Esq. ZION OIL & GAS: Board Welcomes William Avery as Class II Director ----------------------------------------------------------------- Zion Oil and Gas, Inc. disclosed in a regulatory filing that William H. Avery was appointed to the Board of Directors, effective January 1, 2026, to fill a vacancy on the Board as voted by the Board of Directors on January 12, 2026 and recommended to the Board by the Nominating and Corporate Governance Committee on December 29, 2025. From 2001 to 2003, Mr. Avery worked on a broad variety of administrative, financial and legal matters for the Company. He served as Vice President of Finance and Treasurer commencing 2003 until 2007. He worked full time as Executive Vice President and Treasurer and as a director commencing in 2007 with responsibility for administration, finance and legal until 2010. From December 2012 to current, he has been the General Counsel. Effective April 12, 2019, Mr. Avery assumed the position of President until April 2, 2025 and has been under an employment contract as General Counsel and with the prior appointment as President. Mr. Avery has a BBA in Finance and Economics from Southern Methodist University and a Juris Doctorate from Duke University. There are no arrangements or understandings between Mr. Avery and any other person pursuant to which he was elected to the Board, and there are no relationships between Mr. Avery and the Company that would require disclosure under Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended. For his services on the Board, Mr. Avery will be compensated as a non-independent director. Mr. Avery will be a Class II director up for reelection at the 2028 annual stockholders meeting. Mr. Avery will continue under his current compensation package as the General Counsel without any changes. About Zion Oil Headquartered in Dallas, Texas, Zion Oil and Gas, Inc. -- http://www.zionoil.com/-- is an oil and gas exploration company dedicated to exploring for oil and gas onshore in Israel under its Megiddo Valleys License 434 which covers approximately 75,000 acres. As of September 30, 2025, the Company had $44.7 million in total assets, $3 million in total liabilities, and $41.7 million in total stockholders' equity. In its report dated March 27, 2025, the Company's auditor, RBSM LLP, issued a "going concern" qualification citing that the Company has suffered recurring losses from operations and had an accumulated deficit that raises substantial doubt about its ability to continue as a going concern. [] Bankruptcy Accts. Still Hold Value, Says Bankrupt Debt Services ------------------------------------------------------------------ Bankruptcy is not the financial dead end many creditors believe it to be. According to Bankrupt Debt Services, thousands of bankrupt accounts written off each year still hold recoverable value--if handled correctly. If you're walking away from bankruptcy accounts, you're leaving money behind. The problem isn't bankruptcy. It's strategy. Once an account is marked "Bankrupt," many organizations immediately abandon recovery efforts. In doing so, they forfeit access to court-supervised repayment plans, trustee-managed distributions, and legally enforceable claims that can produce measurable returns. "Bankruptcy introduces structure and oversight," says Bankrupt Debt Services. "That structure creates opportunity for creditors who know how to navigate it." From Chapter 13 repayment plans to Chapter 11 reorganizations, bankrupt accounts often generate ongoing distributions or partial recoveries. Even accounts written off internally may remain active and monetizable within court proceedings. Bankrupt Debt Services helps creditors identify these hidden opportunities, evaluate real recovery potential, and monetize qualifying bankrupt accounts through structured acquisition and recovery strategies. The result: incremental revenue from accounts others have already abandoned. "Revenue doesn't vanish in bankruptcy," the firm emphasizes. "It simply moves to those prepared to recover it." Organizations holding bankrupt inventory--active or dormant--are encouraged to reassess what those portfolios may truly be worth. [] Foreclosure Activity Rises 14% in 2025, ATTOM Reports -------------------------------------------------------- ATTOM, a leading curator of land, property data, and real estate analytics, released its Year-End 2025 U.S. Foreclosure Market Report, which shows foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 367,460 U.S. properties in 2025, up 14 percent from 2024 and up 3 percent from 2023 but down 25 percent from 2019, before pandemic-related disruptions altered housing market dynamics. Foreclosure filings in 2025 were also down 87 percent from a peak of nearly 2.9 million in 2010. Those 367,460 properties with foreclosure filings in 2025 represented 0.26 percent of all U.S. housing units, up slightly from 0.23 percent in 2024 and down from 0.36 percent in 2019 and down from a peak of 2.23 percent in 2010. "Foreclosure activity increased in 2025, reflecting a continued normalization of the housing market following several years of historically low levels," said Rob Barber, CEO at ATTOM. "While filings, starts, and repossessions all rose compared to 2024, foreclosure activity remains well below pre-pandemic norms and a fraction of what we saw during the last housing crisis. The data suggests that today's uptick is being driven more by market recalibration than widespread homeowner distress, with strong equity positions and more disciplined lending continuing to limit risk." 2025 Year-End Historical Foreclosure Activity & Rates: ATTOM's year-end foreclosure report provides a unique count of properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings collected in more than 3,000 counties nationwide, accounting for more than 99 percent of the U.S. population – also available for licensing or customized reporting. See full methodology below. The report also includes new data for December 2025, showing there were 44,990 U.S. properties with foreclosure filings, up 26 percent from the previous month and up 57 percent from a year ago. Foreclosure starts on the rise nationwide: Lenders started the foreclosure process on 289,441 U.S. properties in 2025, up 14 percent from 2024, up 213 percent from the pandemic-era low in 2021, but down 14 percent form 2019 and down 86 percent from a peak of 2,139,005 in 2009. States that saw the greatest number of foreclosure starts in 2025 included Texas (37,215 foreclosure starts); Florida (34,336 foreclosure starts); California (29,777 foreclosure starts); Illinois (15,010 foreclosure starts); and New York (13,664 foreclosure starts). Those metropolitan statistical areas with a population greater than 1 million that saw the greatest number of foreclosure starts in 2025 included New York, NY (14,189 foreclosure starts); Chicago, IL (13,312 foreclosure starts); Houston, TX (13,009 foreclosure starts); Miami, FL (8,936 foreclosure starts); and Los Angeles, CA (8,503 foreclosure starts). Bank repossessions increase year over year: Lenders repossessed 46,439 properties through foreclosures (REO) in 2025, up 27 percent from 2024 but down 68 percent from 143,955 in 2019, the last full year before pandemic-related declines, and down 96 percent from a peak of 1,050,500 in 2010. States that saw the greatest number of REOs in 2025 included Texas (5,147 REOs); California (4,030 REOs); Pennsylvania (2,975 REOs); Florida (2,869 REOs); and Illinois (2,768 REOs). Those metropolitan statistical areas with a population greater than 1 million that saw the greatest number of REOs in 2025 included Chicago, IL (2,033 REOs); New York, NY (1,462 REOs); Houston, TX (1,381 REOs); Detroit, MI (1,105 REOs); and Philadelphia, PA (1,100 REOs). Florida, Delaware, and South Carolina record the worst foreclosure rates in 2025: States with the worst foreclosure rates in 2025 were Florida (1 in every 230 housing units with a foreclosure filing); Delaware (1 in every 240 housing units); South Carolina (1 in every 242 housing units); Illinois (1 in every 248 housing units); and Nevada (1 in every 248 housing units). Rounding out the top 10 states with the worst foreclosure rates in 2025, were New Jersey (1 in every 273 housing units); Indiana (1 in every 302 housing units); Ohio (1 in every 307 housing units); Texas (1 in every 319 housing units); and Maryland (1 in every 326 housing units). Lakeland, Columbia, and Cleveland post the worst metro foreclosure rates in 2025: Among 225 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in 2025 were Lakeland, FL (1 in every 145 housing units with a foreclosure filing); Columbia, SC (1 in every 165 housing units); Cleveland, OH (1 in every 187 housing units); Cape Coral, FL (1 in every 189 housing units); and Atlantic City, NJ (1 in every 192 housing units). Metro areas with a population greater than 1 million, including Cleveland that had the worst foreclosure rates in 2025 were: Jacksonville, FL (1 in every 200 housing units); Las Vegas, NV (1 in every 210 housing units); Chicago, IL (1 in every 214 housing units); and Orlando, FL (1 in every 217 housing units). Average time to foreclose decreases: U.S. properties foreclosed in the fourth quarter of 2025 had been in the foreclosure process an average of 592 days, a 3 percent decrease from the previous quarter and a 22 percent decrease from a year ago. 2025 Year-End Avg Days to Complete Foreclosure: States with the longest average time to foreclose in Q4 2025 were Louisiana (3,461 days); New York (1,998 days); Hawaii (1,760 days); Connecticut (1,600 days); and Kansas (1,594 days). Q4 2025 Foreclosure Activity Key Takeaways: * There was a total of 111,692 U.S. properties with foreclosure filings in Q4 2025, up 10 percent from the previous quarter and up 32 percent from a year ago. * Nationwide in Q4 2025, one in every 1,274 properties had a foreclosure filing. * States with the worst foreclosure rates in Q4 2025 were South Carolina (one in every 689 housing units with a foreclosure filing); Florida (one in every 730 housing units); Delaware (one in every 778 housing units); Illinois (one in every 875 housing units); and Nevada (one in every 881 housing units). December 2025 Foreclosure Activity Key Takeaways: * Nationwide in December 2025, one in every 3,163 properties had a foreclosure filing. * States with the worst foreclosure rates in December 2025 were New Jersey (one in every 1,734 housing units with a foreclosure filing); South Carolina (one in every 1,917 housing units); Maryland (one in every 1,961 housing units); Delaware (one in every 2,044 housing units); and Florida (one in every 2,119 housing units). * 28,269 U.S. properties started the foreclosure process in December 2025, up 19 percent from the previous month and up 46 percent from a year ago. * Lenders completed the foreclosure process on 5,953 U.S. properties in December 2025, up 53 percent from the previous month and up 101 percent from a year ago. Conclusion: ATTOM's Year-End 2025 Foreclosure Market Report shows that U.S. foreclosure activity increased in 2025, with foreclosure filings, starts, and bank repossessions all rising compared to 2024, signaling a continued shift toward more normalized market conditions. Despite the annual increases, foreclosure activity remains significantly below pre-pandemic levels and far below peaks seen during the last housing crisis. December 2025 and Q4 2025 data also showed increased foreclosure activity on both a monthly and annual basis. [] Jeffrey Michalik Joins Willkie's Chicago Office as Partner ------------------------------------------------------------- Willkie Farr & Gallagher LLP announced that restructuring attorney Jeffrey Michalik has joined as a partner based in the Firm's Chicago office. Mr. Michalik has significant experience representing debtors in chapter 11 bankruptcies, complex out-of-court restructurings and cross-border insolvency matters. His practice includes restructurings of nationally recognized companies and brands across a wide range of industries, including energy, infrastructure, retail, food, manufacturing, healthcare, and oil and gas. He joins Willkie from Kirkland & Ellis, where he was a partner. Mr. Michalik's arrival builds on the momentum of the Firm's growing restructuring platform, following the addition of nationally renowned debtor's counsel Ryan Blaine Bennett, who became Chair of the Restructuring Group in November 2025, and partner Allyson B. Smith, who joined in December. "Jeff brings exceptional skill, diverse industry experience and a proven ability to guide clients through their most complex and high-stakes situations," said Mr. Bennett. "Having worked closely with Jeff before, I am confident that he will be an outstanding addition to our expanding restructuring practice. We are thrilled to welcome him to Willkie." "Willkie has a sophisticated and market-leading global restructuring platform, and it's exciting to be a part of this team's strategic growth story," said Mr. Michalik. "I'm thrilled to be joining Willkie Chicago and to work with colleagues who I've long respected to deliver impressive results for our clients." Willkie Chicago continues to expand rapidly. The office opened in March 2020 with six partners and now is home to more than 120 lawyers. "We welcome Jeff to Willkie Chicago. He represents further diversification of our practice mix and we are intentionally building a core presence in Chicago of our national bankruptcy practice first with national Restructuring leader Ryan and now with Jeff," said Craig C. Martin, Chairman Americas and partner in Willkie Chicago. Willkie's Restructuring Department is a global practice comprised with market-leading capabilities in all aspects of business and financial restructurings and insolvency matters. It represents a broad spectrum of clients in the U.S., U.K., France, Germany and other key European jurisdictions. Willkie Farr & Gallagher LLP -- http://www.willkie.com-- provides legal solutions on complex, business critical issues spanning markets and industries. Its approximately 1,300 attorneys across 16 offices worldwide deliver legal services across approximately 45 practice areas. [] Mae Rogers Joins King & Spalding's N.Y. Restructuring Practice ----------------------------------------------------------------- King & Spalding announced that Mae Rogers has joined the firm's Finance and Restructuring practice group as a partner. She is based in the New York office. Ms. Rogers focuses her practice on leveraged finance transactions, including borrower side representations and lending related to infrastructure assets. She has extensive experience with respect to the financing of a diverse range of asset classes, including rail cars, transportation, data centers, waste management, food and beverage, manufacturing and financial services. Ms. Rogers has represented private equity funds, pension funds, asset managers, investment banks and public companies in a variety of complex financing transactions, including syndicated secured and unsecured credit facilities, second lien financings, debtor-in-possession financings and workouts. She also advises clients with respect to both consensual and non-consensual foreclosure proceedings, including public sales conducted in accordance with the Uniform Commercial Code. "Mae is a driven, smart and collaborative lawyer with a proven ability to navigate complex financing structures and industry-specific considerations, making her a trusted advisor for diversified investment strategies," said Carolyn Alford, co-leader of the firm's Finance and Restructuring practice group. "Mae's arrival immediately deepens our company-side leveraged finance practice, particularly in the key areas of digital infrastructure and transportation finance in which we are focused on growing." Ms. Rogers joins King & Spalding from Mayer Brown, where she was a partner. She received her J.D. from New York University School of Law and her B.A. from Duke University. "King & Spalding's focus on close collaboration across practice areas and sectors opens new doors in terms of how I can serve my clients," says Ms. Rogers. "I am excited to help expand the Finance and Restructuring group's work for data centers, rail transportation and other infrastructure assets and to bring King & Spalding's full platform to my clients." About King & Spalding King & Spalding -- http://www.kslaw.com-- is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,300 lawyers in 26 offices in the United States, Europe, the Middle East and Asia Pacific. The firm has handled matters in over 160 countries on six continents. [] Stretto Appoints Robert Klamser as Chief Innovation Officer -------------------------------------------------------------- Stretto, a market-leading legal services and technology firm, appointed Robert Klamser as chief innovation officer. In this newly created role, Mr. Klamser will lead the company's artificial intelligence (AI) strategy, product innovation, and the advancement of its technology platforms serving legal and financial professionals. "At Stretto, we've fostered a culture of innovation and executed on our vision to build a comprehensive technology platform that serves legal and financial professionals engaged in complex transactions," comments Jonathan Carson, co-CEO at Stretto. "Robert has played a significant role in this journey, and we are excited that he is taking on this new position to drive the company's continued evolution as a market leader in technology solutions for the legal and financial market." As chief innovation officer, Mr. Klamser will direct the development and implementation of technologies designed to streamline complex legal and financial matters. He will also oversee the expansion of Research Suite by Stretto, a research and insights AI-powered platform purpose-built by restructuring professionals and used in over 70% of the nation's largest Chapter 11 cases. Drawing on his business acumen and record as a successful founder and executive, Mr. Klamser will focus on architecting solutions that anticipate market needs and deliver measurable value for Stretto's clients. Prior to joining Stretto, Mr. Klamser co-founded UpShot Services, the company that introduced electronic claims and ballot filing to the corporate restructuring industry. After the acquisition by Stretto, Mr. Klamser served as chief revenue officer, leading revenue strategy at the company. He was featured in The Wall Street Journal, ABI Journal, and Law360. He has received the American Bankrupty Institute's "40 Under 40" Award and The M&A Advisor's Emerging Leader Award. "I am excited to be leading the charge as Stretto continues forward on its mission of bringing new solutions to our clients," Mr. Klamser comments. "Our industry is ready for new tools that enable professionals to make smarter decisions faster by transforming raw data into actionable insight. As the legal and regulatory landscape is continually changing, Stretto focuses on helping them stay one step ahead." Earlier this year, Stretto introduced Stretto Conductor, the first generative AI communication and research platform designed specifically for Chapter 11 cases. With leading-edge AI technology purpose-built for bankruptcy proceedings, Stretto Conductor automates document analysis and streamlines information retrieval while also ensuring that critical case information reaches stakeholders instantaneously. The introduction of Stretto Conductor represents the debut offering from Stretto Intelligence, showcasing the company's commitment to pioneering AI-enabled solutions that empower legal professionals to achieve unprecedented levels of efficiency and success. Under Mr. Klamser's leadership, Stretto plans to expand its suite of AI-powered innovations with a continued focus on elevating the efficiency of case management. About Stretto Stretto -- http://www.stretto.com-- delivers a full spectrum of technology tools, case-management services, and depository solutions to legal and financial professionals. Offering a comprehensive suite of corporate-restructuring and consumer-bankruptcy capabilities along with multi-faceted deposit and disbursement services, Stretto provides an unparalleled portfolio of solutions under the executive leadership of industry veterans Eric Kurtzman and Jonathan Carson. Stretto leverages subject-matter expertise and market insights to facilitate every aspect of case and cash management for its clients. About Stretto Intelligence As Stretto's innovation engine, Stretto Intelligence applies AI where it delivers the greatest value across the complex, high-stakes workflows of legal and financial professionals with AI-fueled tools, research, and insights. Every innovation in the Stretto Intelligence portfolio meets the highest standards of security, confidentiality, and control. It embodies Stretto's commitment to staying ahead -- deploying emerging technologies with precision to drive meaningful, measurable impact. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***