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260401.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, April 1, 2026, Vol. 30, No. 91 Headlines 43 SPRUCE: Commences Chapter 7 Bankruptcy in New York 540 VAN: Seeks to Hire Mark E. Goodfriend as Bankruptcy Counsel A & A BODY WORKS: Seeks to Hire Gregory K. Stern, P.C. as Counsel A & A BODY WORKS: Taps Millenium Properties as Real Estate Broker A&A DEMO & EXCAVATING: U.S. Trustee Unable to Appoint Committee A.Z.N. REALTY: Seeks to Hire Northgate Real Estate as Advisor AB EMPLOYER: Commences Chapter 7 Bankruptcy in California ACX1 STUDIOS: Douglas Stanger Named Subchapter V Trustee AMC ENTERTAINMENT: S&P Lowers Exchangeable Notes Rating to 'CCC-' AMERIESTATE LEGAL: Taps the Law Offices of Michael as Counsel ANR INSULATION: Seeks to Extend Plan Exclusivity to June 5 APEX ELECTRICAL: L. Todd Budgen Named Subchapter V Trustee ARBAH HOTEL: Silverberg Can't Challenge Sale Approval ARCANUM VENTURES: Hires Rountree Leitman Klein & Geer as Attorney ARD FINANCE: Court Grants Chapter 15 Recognition ARD FINANCE: Secures Ch. 15 Recognition Over Noteholders' Objection ART LENDING: UCC Public Auction Scheduled for April 14 ASTICOU HOSPITALITY: Hires Bernstein Shur Sawyer as Counsel B.J. OIL: Seeks Chapter 7 Bankruptcy in California BAILEYS' OLIVE: Hires Manor Brokerage LLC as Real Estate Broker BELKIN INTERNATIONAL: Dalton Sues Over Blind-Inaccessible Website BEVERLEY'S HOME: Hires Regional Bankruptcy Center as Attorney BIGGS MIDDS: Commences Chapter 7 Bankruptcy in California BIOXCEL THERAPEUTICS: Reports $69.9 Million Net Loss for 2025 BLAZING BAGELS: Commences Chapter 7 Bankruptcy in Washington BONIFAS ENTERPRISES: Hires Wyckoff & Associates as Accountant BRADLEY MECHANICAL: Hires Armory Consulting as Financial Advisor BUDDY MAC: Taps Kane Russell Coleman as Legal Counsel BUILDERS HOLDING: Court Says MAFRE Entitled to Summary Judgment BYJU'S ALPHA: Court Tosses Raveendran's Discovery Motion CALCASIEU PASS: S&P Assigns 'BB-' ICR, Outlook Negative CARLA'S PASTA: Court Narrows Claims in Novo Adversary Case CARR'S PLUMBING: U.S. Trustee Appoints Creditors' Committee CATHOLIC DIOCESE OF EL PASO: U.S. Trustee Appoints Creditors Panel CBL & ASSOCIATES: S&P Upgrades ICR to 'B+' on Recent Refinancings CHABAD OF GRAMERCY: Seeks to Sell NY Properties at Auction CHIA FOOD: Commences Chapter 7 Bankruptcy in New Jersey CHURCH OF THE IMMACULATE: Seeks to Extend Plan Exclusivity to Aug. CIG MM: Seeks Chapter 11 Bankruptcy in New York CN HOLDINGS: Commences Subchapter V Bankruptcy in Utah CONDOMINIUM BOARD: Seeks to Tap Tarter Krinsky & Drogin as Counsel CROWN BOILER: Taps Edward Gavin as Counsel for Asbestos Claimants CUMULUS MEDIA: Seeks to Hire Ordinary Course Professionals CYTOSORBENTS CORP: Trims Net Loss to $8.2 Million in 2025 DAY TRANSLATIONS: Gets Court OK to Pay Affiliate Officer's Salary DBMP LLC: Court Rules on Privilege Motion in Asbestos Litigation DIOCESE OF ALBANY: Reaches $148MM Ch. 11 Deal w/ Abuse Claimants DWAYNE A. JONES: Craig Geno Named Subchapter V Trustee ECHO GLOBAL: S&P Affirms 'B-' ICR on ITS Acquisition, Outlook Pos. ECOSYSTEM RENEWAL: Seeks to Hire Exit Strategy USA as Advisor EDDIE BAUER: To Boost Unsecured Creditor Fund to $3MM EL DORADO GAS: Defendants Get Extension to Reply to Complaint ELITE LIFE: Steven Altmann Named Subchapter V Trustee ENTERPRISE MANAGEMENT: Case Summary & Six Unsecured Creditors ERB INVESTMENTS: Seeks Chapter 7 Bankruptcy in California F & B NEGOTIATIONS: To Sell Sarasota Property to Xander Family FASHIONABLE INC: Clothing Business Sale to Retention Brands OK'd FAT BRANDS: Committee Taps BDO USA PC as Tax Services Provider FAT BRANDS: Taps Pachulski Stang Ziehl & Jones as Mediation Counsel FINCH THERAPEUTICS: Says Ch. 11 Most Effective Way to Sell Assets FLAMAS LLC: Seeks Chapter 7 Bankruptcy in Washington FLIGHT 509: Seeks to Extend Plan Exclusivity to May 4 FOOD52 INC: Gets Court OK for Ch.11 Liquidation Plan Creditor Vote FORCE SEVEN: Nat Wasserstein Named Subchapter V Trustee FTX TRADING: Merchant's Bid for Withdrawal of Reference Denied G-4 FAMILY: Voluntary Chapter 11 Case Summary G-4 OREGON: Voluntary Chapter 11 Case Summary GBI SERVICES: Seeks to Extend Plan Exclusivity to July 20 GEORGLADES BROTHERS: UCC Public Sale Scheduled for May 11 GLOBAL ALLIANCE: Taps Rountree Leitman Klein & Geer as Attorney GLOBAL PARTNERS: S&P Affirms 'B+' ICR, Outlook Positive HAWAII MOLD: Court Extends Cash Collateral Access Until May HEALTHY OCEANS: Hires Sherman and Boone as Real Estate Broker HIGHLAND CAPITAL: 5th Cir. Affirms Dismissal of Dugaboy Case HOMETOWN LENDERS: Hires Templeton Advisors as 401(K) Auditor HOMETOWN LENDERS: Seeks to Hire Pentegra Retirement Services HOTEL ONE: Staybridge Suites Hotel Auction Set for April 15 ICRYO BRANDS: Committee Taps Hughes Watters as Counsel INSTANT BRANDS: Midea Loses Bid to Challenge Reorganization Plan INVATECH PHARMA: Drug Supplier Says Co. Kept Mistaken Payments JNL INVESTMENT: Hires The Madison Firm as Bankruptcy Counsel JOSHUA MASSINGILL: Hires Lane Law Firm PLLC as Bankruptcy Counsel KDW REALTY: Membership Interest Public Auction Set for April 14 KIDS FIRST: Unsecureds Will Get 19.5% of Claims over 4 Years KINGDOM LAND: Case Summary & 20 Largest Unsecured Creditors KITCHEN AND BATH: Hires Offit Kurman PC as Bankruptcy Counsel LAKE BUENA VISTA: Plan Exclusivity Period Extended to May 19 LAMOUR COMMUNITY: Court Denies Bid to Use Cash Collateral LUGANO DIAMONDS: Ex-CEO Wins Bid to Remand Case to State Court LURIN REAL: Seeks to Hire Newmark as Real Estate Broker LYCRA COMPANY: Seeks to Hire Kroll Restructuring as Claims Agent MARINE TRANSPORT: Employs Law Office of Garry Pogil as Counsel MARTIN PERL: Collateral Public Sale Scheduled for April 16 MEADOW CREEK: Seeks to Hire Angel I. Falcon as Special Counsel MEDPLUS URGENT: Motion to Compel Rule 2004 Examinations Stayed MEMPHIS MADE: Hires Taylor Auction & Realty Inc as Auctioneer MIC MANAGEMENT: Commences Chapter 11 Bankruptcy in California MSUR MM: Seeks Chapter 11 Bankruptcy in New York MULTI-COLOR CORP: Secures OK for Reduced DIP Funding NAS LOGISTICS: Case Summary & 15 Unsecured Creditors NBG MACHINE: Seeks to Hire Juan C Bigas Law Office as Counsel NEIGHBORHOOD RESTAURANT: Seeks Chapter 11 Bankruptcy in Georgia NEWPORT OVERLOOK: Hires Hilco Real Estate as Real Estate Broker NEWPORT OVERLOOK: Seeks to Tap Serhant New England as Local Agents NIED OWNERSHIP: UCC Public Sale Scheduled for May 8 NORTH COUNTRY: Seeks to Hire Resolute Commercial as Advisor NORTH COUNTRY: Taps Jeremiah Foster of Resolute Commercial as WDO NRPF GROUP: Seeks Chapter 11 Bankruptcy in Georgia NSNETWORK CORPORATION: Commences Chapter 11 Bankruptcy in Illinois OMNI HEALTH: Seeks to Extend Plan Exclusivity to May 19 P Y T-SHIRTS: Taps Havkin & Shrago as General Insolvency Counsel PACER PRINT: Amends Midland States Bank Secured Claims Pay PITTS FUNERAL: Hires Accessible Agency LLC as Accountant PMB PROPERTY: Ruediger Mueller Named Subchapter V Trustee POLYKUP INC: Joseph Schwartz Named Subchapter V Trustee PRIMEMED MARKETING: Seeks to Hire Baker & Associates as Counsel PRIMROSE CANDY: Hires Amin Wasserman Gurnani as Special Counsel PRINCE LAND: Amends Unsecured Claims Pay Details PROSPECT MEDICAL: Second Amended Joint Chapter 11 Plan Takes Effect QUANERGY SYSTEMS: Court Narrows Claims in Sabby, et al., Suit RAD DIVERSIFIED: U.S. Trustee Appoints Creditors' Committee RAY'S PIZZA: Starts Chapter 11 Bankruptcy in Arizona RED RIVER: NJ Federal Court Boots Beasley Allen From J&J Talc MDL RELIZ LTD: Bankruptcy Stay Blocks Suit Targeting 3 Executives RELIZ TECHNOLOGY: U.S. Trustee Appoints Creditors' Committee RESULTS STAFFING: Hires Morris Palerm LLC as Bankruptcy Counsel S EASTERN BLVD: Seeks to Hire Great Neck Realty Company as Broker SALT AND LIME: Hires Parker Schwartz PLLC as Bankruptcy Counsel SANCHO LOCO: Unsecureds Will Get 17.03% of Claims over 60 Months SANDY PINES: Hires Bernstein Shur Sawyer as Bankruptcy Counsel SANTA PAULA HAY: Hires Gregory J. Ramirez as Special Counsel SANTA PAULA HAY: Hires Gwyn Goodman Realty as Real Estate Broker SANTA PAULA HAY: Hires LIV Sotheby's as Real Estate Broker SC SJ HOLDINGS: Transfer, Dismissal of Brightspire Cases Affirmed SENIOR CARE: Court Narrows Claims in Granite, et al., Suit SHELLE REALTY: Trustee Taps Harris Beach Murtha Cullina as Counsel SILICON VALLEY: NYC Drops FDIC's Claim for Tax Refund SOUTHERN EATS: Seeks Chapter 7 Bankruptcy in Texas STRUCTURE INDUSTRIES: Retains Cummings & Carroll as Accountant SUERTE OCHO: Initiates Chapter 11 Bankruptcy in New York TOGETHER GOOD: Seeks to Extend Plan Exclusivity to May 19 U S SKYLINE: Affiliate to Sell Collin Property to Mahmood Verani UNCLE NEAREST: Appeals Receiver's Victory in Chapter 11 Dismissal VANDERBILT MINERALS: Creditors, Trustee Oppose Jones Day Retention VETERANS EMPOWERING: Fayetteville Property Sale at Auction OK'd WOLKE CHIROPRACTIC: Scott Rever Named Subchapter V Trustee [] US Lawmakers Seek Crackdown on Bankruptcy Venue Shopping ********* 43 SPRUCE: Commences Chapter 7 Bankruptcy in New York ----------------------------------------------------- On March 24, 2026, 43 Spruce LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $100,001–$1,000,000 in debt owed to 1–49 creditors. About 43 Spruce LLC 43 Spruce LLC is a limited liability company. 43 Spruce LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-71151) on March 24, 2026. In its petition, the debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. 540 VAN: Seeks to Hire Mark E. Goodfriend as Bankruptcy Counsel --------------------------------------------------------------- 540 Van, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Mark E. Goodfriend as its legal counsel. The firm will render these services: a. consult with the United States Trustee, and/or debtor in possession concerning the administration of the case; b. investigate the acts, conduct, assets, liabilities, and financial condition of Debtor, the operation of the Debtor's business and any other matter relevant to the case, to formulate the Plan of Reorganization and to advise and counsel the Debtor regarding matters of bankruptcy law; c. assist the Debtor in the preparation of reports, accounts, applications and orders involving bankruptcy law; d. evaluate, review and consult on claims and the filing of objections thereto as appropriate; e. participate in the formulation of a Disclosure Statement and Plan of Reorganization, and to collect and file with the court acceptances or rejections of said Plan or Plans; f. represent Debtor in proceedings or hearings before the Bankruptcy Court in matters relating to this bankruptcy case; and g. perform such other services as are appropriate as General Bankruptcy Counsel. The Law Offices will change an hourly rate of $500 for legal services rendered. The firm is "disinterested" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The counsel can be reached through: Mark E. Goodfriend, Esq. LAW OFFICES OF MARK E. GOODFRIEND 16055 Ventura Blvd #800 Encino, CA 91436 Tel: (818) 783-8866 Fax: (818) 783-5445 Email: markgoodfriend@yahoo.com About 540 Van LLC 540 Van, LLC is a limited liability company engaged in business activities that may include real estate ownership, investment, or asset management. 540 Van, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10433) on March 2, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Martin R. Barash handles the case. The Debtor is represented by Mark E. Goodfriend, Esq., of Law Offices Of Mark E. Goodfriend. A & A BODY WORKS: Seeks to Hire Gregory K. Stern, P.C. as Counsel ----------------------------------------------------------------- A & A Body Works On Grand Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Gregory K. Stern and Monica C. O'Brien of Gregory K. Stern, P.C. as legal counsel in its Chapter 11 case. as attorney. The firm's services include: (a) reviewing assets, liabilities, loan documentation, account statements, executory contracts and other relevant documentation; (b) preparing list of creditors, list of twenty largest unsecured creditors, schedules and statement of financial affairs; (c) advising the Debtor with respect to its powers and duties as Debtor in Possession in the operation and management of his financial affairs; (d) assisting in the preparation of schedules, statement of affairs and other necessary documents; (e) preparing applications to employ attorneys, accountants or other professional persons, motions for turnover, motion for use of cash collateral, motions for use, sale or lease of property, motion to assume or reject executory contracts, plan, applications, motions, complaints, answers, orders, reports, objections to claims, legal documents and any other necessary pleading in furtherance of reorganizational goals; (f) negotiating with creditors and other parties in interest, attending court hearings, meetings of creditors and meetings with other parties in interest; (g) reviewing proofs of claim and solicitation of creditors' acceptances of plan; and, (h) performing all other legal services for the Debtor, as Debtor in Possession, which may be necessary or in furtherance of his reorganizational goals. The attorneys will be paid at these rates: Gregory K. Stern $650 per hour Monica C. O'Brien $550 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Prior filing of the bankruptcy case, the firm received a retainer of $10,262. The attorneys are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The attorneys can be reached at: Gregory K. Stern, Esq. Monica C. O'Brien, Esq. Gregory K. Stern, P.C. 53 West Jackson Boulevard, Suite 1442 Chicago, IL 60604 Telephone: (312) 427-1558 About A & A Body Works On Grand Inc. A & A Body Works On Grand Inc. provides automotive body repair and collision repair services, including bumper repair and replacement, windshield and window replacement, dent and scratch repair, mirror replacement, frame straightening, suspension repairs, mechanical repairs, and automotive painting with paint matching. The company operates auto body repair facilities in the Chicago metropolitan area, serving vehicle owners requiring collision, structural, and cosmetic vehicle repairs. A & A Body Works On Grand Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03824) on March 3, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Gregory K Stern, Esq. at Gregory K. Stern, P.C. serves as the Debtor's counsel. A & A BODY WORKS: Taps Millenium Properties as Real Estate Broker ----------------------------------------------------------------- A & A Body Works On Grand Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Brad Thompson and Millenium Properties R/E, Inc. as real estate broker. The firm will market and sell the Debtor's commercial property located at 6100 West Grand Avenue, Chicago, Illinois. The broker will receive a commission of five percent of the total gross price or five and one half percent (5.5%) of the total gross sales price in the event that there is a cooperating broker. Mr. Thompson assured the court that Millenium Properties R/E, Inc. is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Brad Thompson Millenium Properties R/E, Inc. 225 West Illinois Suite #350 Chicago, IL 60654 Tel: (312) 338-3012 Email: bthompson@mpirealestate.com About A & A Body Works On Grand Inc. A & A Body Works On Grand Inc. provides automotive body repair and collision repair services, including bumper repair and replacement, windshield and window replacement, dent and scratch repair, mirror replacement, frame straightening, suspension repairs, mechanical repairs, and automotive painting with paint matching. The company operates auto body repair facilities in the Chicago metropolitan area, serving vehicle owners requiring collision, structural, and cosmetic vehicle repairs. A & A Body Works On Grand Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03824) on March 3, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Gregory K Stern, Esq. at Gregory K. Stern, P.C. serves as the Debtor's counsel. A&A DEMO & EXCAVATING: U.S. Trustee Unable to Appoint Committee --------------------------------------------------------------- The U.S. Trustee for Region 8 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of A&A Demo & Excavating, Inc. About A&A Demo & Excavating Inc. A&A Demo & Excavating, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-20194) on March 9, 2026, with $1 million to $10 million in both assets and liabilities. Judge Hon. Douglas L Lutz oversees the case. The Debtor is represented by; Michael B. Baker The Baker Firm, PLLC Tel: 859-647-7777 Email: mbaker@bakerlawky.com A.Z.N. REALTY: Seeks to Hire Northgate Real Estate as Advisor ------------------------------------------------------------- A.Z.N. Realty LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Northgate Real Estate Group as real estate advisor. The firm will market and sell the Debtor's real property located at 13 East 37th Street, New York, New York 10016. Northgate Real Estate Group will be paid a commission equal to 5% of the gross purchase price or 2% of the gross purchase price in the event that the secured lender, Flushing Bank, is the successful purchaser of the property. Northgate is the "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The firm can be reached at: Greg Corbin Northgate Real Estate Group 1633 Broadway, 46th Floor New York, NY 10019 Tel: (212) 396-4000 About A.Z.N. Realty LLC A.Z.N. Realty LLC owns a commercial office building located at 13 East 37th Street in New York, NY. The Property is improved by an eight story building, occupied by a Chinese restaurant on the ground floor, with eight other tenants occupying various spaces and three currently vacant. A.Z.N. Realty LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-42314) on May 13, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Kevin Nash, Esq., at Goldberg Weprin Finkel Goldstein, LLP. Flushing Bank, as lender, is represented by Frank Dell'Amore, Esq. at Jaspan Schlesinger Narendran, LLP. AB EMPLOYER: Commences Chapter 7 Bankruptcy in California --------------------------------------------------------- On March 25, 2026, AB Employer Solutions Inc. filed for Chapter 7 protection in the Central District of California. According to the court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About AB Employer Solutions Inc. AB Employer Solutions Inc. is a California-based company providing workforce management and employer support services, including payroll processing, human resources administration, and staffing solutions for businesses. AB Employer Solutions Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12220) on March 25, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Scott H. Yun handles the case. The Debtor is represented by Jeffrey N. Wishman, Esq. ACX1 STUDIOS: Douglas Stanger Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Douglas Stanger, Esq., at Flaster, Greenberg, PC as Subchapter V trustee for ACX1 Studios, LLC. Mr. Stanger will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Stanger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Douglas S. Stanger, Esq. Flaster, Greenberg, PC 646 Ocean Heights Avenue Linwood, NJ 08221 Phone: (609) 645-1881 Doug.stanger@flastergreenberg.com About ACX1 Studios LLC ACX1 Studios, LLC, based in Atlantic City, New Jersey, operates a large-scale entertainment and production complex on the historic boardwalk pier formerly known as The Pier Shops at Caesars and Playground Pier. The 550,000-square-foot facility supports film and television production, music creation, sound stages, post-production services, equipment rentals, and crew support, alongside retail, dining, and event spaces, with over 150 built sets available for creative projects. Founded in 2023 by industry professionals with more than 20 years of experience, the company leverages regional film tax incentives to attract major productions while developing a music incubator and cultural destination on the Jersey Shore. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-12812) on March 13, 2026, with $1 million to $10 million in assets and liabilities. Gia Aaron, chief executive officer, signed the petition. Justin M. Gillman, Esq., at Gillman Capone, LLC represents the Debtor as legal counsel. AMC ENTERTAINMENT: S&P Lowers Exchangeable Notes Rating to 'CCC-' ----------------------------------------------------------------- S&P Global Ratings lowered its issue-level rating on AMC Entertainment Holdings Inc.'s (AMCEH) $112 million exchangeable notes due 2030 to 'CCC-' from 'CCC+' and revised the recovery rating to '6' from '4'. The '6' recovery rating indicates its expectation for negligible (0%-10%; rounded estimate: 0%) recovery for lenders in the event of a payment default. At the same time, S&P revised its rounded recovery estimate for Muvico's $877 million senior secured notes due 2029 and AMCEH's $360 million 7.5% senior secured notes due 2029 to 40% from 35%. The 'CCC+' issue-level rating and '4' recovery rating are unchanged. These rating actions reflect the company's decision to not proceed with its previously announced issuance of $1.73 billion of senior notes and a $750 million term loan. S&P said, "Under the previously proposed transaction, we expected AMCEH to remove the turnover provision on its collateral and that all its first-lien debt would rank equally (pari passu) with AMCEH's collateral. In addition, the company's proposed first-lien term loan and senior secured notes, along with $156 million of exchangeable notes (not rated), would have had a priority claim on the Odeon assets while Muvico's $877 million senior secured notes would have had a junior claim on the same assets. Instead, the company now plans to refinance the Odeon notes with a new $425 million senior secured credit facility, which we expect to rate once final terms are available." S&P's 'CCC-' issue-level rating and '6' recovery rating on the $112 million of exchangeable notes are in line with its ratings prior to the previously announced offering. All our other existing ratings on AMCEH are unchanged. ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors -- AMC's expected capital structure comprises a $2.0 billion senior secured first-lien term loan maturing in 2029, $112 million of exchangeable notes due 2030, $156 million of exchangeable notes due 2030 (not rated), and $877 million of secured notes due 2029 (all issued by co-borrowers Muvico LLC and AMCEH), a proposed $425 million 10.5% senior secured first-lien term loan due 2031 (not yet rated) issued at Odeon Finco PLC, $360 million of 7.5% senior secured first-lien notes due 2029 issued by AMCEH, and $126 million of other outstanding subordinated notes due 2027 issued by AMCEH. -- The term loan has a first-priority claim on the assets at Muvico as well as AMCEH. -- The senior secured notes due 2029 also retain a first-priority claim on the assets at AMCEH. -- The term loan issued at Odeon will have a priority claim on the company's European assets. -- The first-lien debt is contractually senior to all subordinated debt. Simulated default assumptions -- S&P's simulated default scenario contemplates a hypothetical default in 2027 due to a slower-than-expected recovery in theater attendance and a sudden, sharp shift toward alternative film delivery methods. -- All debt includes six months of prepetition interest. -- S&P assumes that, in the event of a default or insolvency proceeding, the company would reorganize, close its underperforming theaters, and unwind its leases. It used a distressed EBITDA multiple of 6x to value the company. Simplified waterfall -- EBITDA at emergence: $532 million -- EBITDA multiple: 6x -- Net enterprise value (after 5% administrative costs): $3.0 billion -- Total value available to senior secured first-lien term loan: $2.2 billion -- Estimated senior secured first-lien term loan debt claims: $2.1 billion --Recovery expectations: 90%-100% (rounded estimate: 95%) -- Total value available to Muvico senior secured notes: $384 million -- Estimated Muvico senior secured notes claims: $916 million --Recovery expectations: 30%-50% (rounded estimate: 40%) -- Total value available to senior secured first-lien notes: $157 million -- Estimated senior secured first-lien note claims: $375 million --Recovery expectations: 30%-50% (rounded estimate: 40%) -- Total value available to exchangeable notes: $0 million -- Estimated exchangeable debt claims: $115 million --Recovery expectations: 0%-10% (rounded estimate: 0%) -- Total value available to subordinated debt: $0 -- Estimated subordinated debt claims: $130 million --Recovery expectations: 0%-10% (rounded estimate: 0%) AMERIESTATE LEGAL: Taps the Law Offices of Michael as Counsel ------------------------------------------------------------- AmeriEstate Legal Plan, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ the Law Offices of Michael G. Spector to serve as the Debtor's general insolvency counsel. The firm will provide these services: (a) prepare pleadings, applications and conduct examinations incidental to administration; (b) advise the Debtor with respect to its rights, powers, duties and obligations as a debtor in possession in the administration of this case, the management of its financial affairs and the management of its income and property; (c) advise and assist the Debtor with respect to compliance with the requirements of the OUST; (d) advise the Debtor regarding matters of bankruptcy law, including rights and remedies of Debtor with respect to their assets and with respect to claims of creditors and to communicate and negotiate with such creditors; (e) advise and represent the Debtor in connection with all applications, motions or complaints for adequate protection, sequestration, relief from stays, appointment of a trustee or examiner and all other similar matters; (f) develop the relationship of the status of the Debtor to the claims of creditors in these proceedings; (g) advise and assist the Debtor in the formulation and presentation of a plan pursuant to Chapter 11 of the Bankruptcy Code and concerning any and all related matters; (h) represent the Debtor in any necessary adversary proceedings; and (i) perform any and all other legal services incident and necessary to the successful completion of this Chapter 11 case. The firm will be paid at these hourly rates: Michael G. Spector, Attorney $490 Vicki L. Schennum, Attorney (Of Counsel) $460 Law Clerk $110 Paralegal $100 According to court filings, the Firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael G. Spector, Esq. Law Offices of Michael G. Spector 2122 North Broadway Santa Ana, CA 92706 Telephone: (714) 835-3130 Facsimile: (714) 558-7435 E-mail: mgspector@aol.com schennumlaw@icloud.com About Ameriestate Legal Plan, Inc. Ameriestate Legal Plan, Inc., based in Costa Mesa, California, provides estate planning services including living trusts, wills, powers of attorney, and related asset-protection planning solutions. The company works with attorneys to prepare legal documents and assist individuals and families with estate transfer planning and probate avoidance strategies. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10748) on March 11, 2023. In the petition signed by Gregory Reese, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Scott C. Clarkson oversees the case. Michael G. Spector, Esq., at LAW OFFICES OF MICHAEL G. SPECTOR, represents the Debtor as legal counsel. ANR INSULATION: Seeks to Extend Plan Exclusivity to June 5 ---------------------------------------------------------- ANR Insulation, LLC, asked the U.S. Bankruptcy Court for the District of Arizona to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 5 and August 4, 2026, respectively. The Debtor explains that it has not yet filed a plan of reorganization yet, but continues to make progress in good faith toward resolutions with key creditors. Principals of the Debtor are working to secure capital outside of the Debtor and are investigating strategic alternatives in the consolidating insulation industry. The Debtor claims that it requires additional time to investigate the viability of these efforts and how they may impact a Plan. The Debtor, therefore, requests that the Court extend the exclusivity periods by 60 days to permit the Debtor to continue in its exploration of strategic options and negotiations toward a consensual plan. This is Debtor's first request for an extension in a case that has not been stagnating. Debtor has proceeded in good faith, Debtor continues to make progress with its key creditors toward a resolution of their claims and concerns, and has a reasonable prospect of successful reorganization. The Debtor's Counsel: Christopher C. Simpson, Esq. OSBORN MALEDON, P.A. 2929 N. Central Avenue Suite 2100 Phoenix, AZ 85012 Tel: 602-640-9349 Fax: 602-640-9050 Email: csimpson@omlaw.com About ANR Insulation LLC ANR Insulation, LLC, doing business as King Insulation, provides thermal and sound insulation materials and services for residential, commercial, and industrial properties in Arizona. Since 1981, the Company has supplied insulation solutions that comply with local building codes and energy efficiency standards, serving homeowners, contractors, property managers, developers, and business owners across the state. Its offerings include installation and re-insulation for projects ranging from small residential additions to large commercial warehouses. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-11784) on December 7, 2025. In the petition signed by Ricardo Caceres, president, the Debtor disclosed $3,666,410 in assets and $5,566,839 in liabilities. Judge Brenda K. Martin oversees the case. Christopher C. Simpson, Esq., at Osborn Maledon, P.A., represents the Debtor as legal counsel. APEX ELECTRICAL: L. Todd Budgen Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed L. Todd Budgen, Esq., a practicing attorney in Longwood, Fla., as Subchapter V trustee for Apex Electrical Solutions LLC. Mr. Budgen will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Budgen declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: L. Todd Budgen, Esq. P.O. Box 520546 Longwood, FL 32752 Tel: (407) 232-9118 Email: Todd@C11Trustee.com About Apex Electrical Solutions LLC Apex Electrical Solutions, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01865) on March 17, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Eric S. Golden, Esq. at Burr & Forman LLP represents the Debtor as legal counsel. ARBAH HOTEL: Silverberg Can't Challenge Sale Approval ----------------------------------------------------- Judge Julien Xavier Neals of the U.S. District Court for the District of New Jersey denied the appeal styled CORINNE SILVERBERG, Appellant, v. ARBAH HOTEL CORP. (dba Meadowlands View Hotel, The View Hotel Inc., View Hotel Inc.), Appellee, Case No. 23-cv-20783-JXN (D.N.J.). The Bankruptcy Court's Oral Order denying Appellant standing and approving the sale of the hotel and related assets is affirmed. Before the Court is Appellant Corinne Silverberg's appeal from the United States Bankruptcy Court for the District of New Jersey's September 11, 2023 oral ruling (the "Oral Order") finding Appellant lacked standing to participate in the Debtor Arbah Hotel Corp.'s dba Meadowlands View Hotel, The View Hotel Inc., View Hotel Inc. ("Arbah", "Debtor", or "Appellee") bankruptcy proceeding. The Debtor opposed the appeal. Appellant is the daughter of Steven Silverberg. Prior to and during the Bankruptcy Action, the New York Supreme Court, Nassau County adjudicated a guardianship petition concerning the property and person of Mr. Silverberg. That court appointed a temporary guardian ("Temporary Guardian") and a temporary receiver ("Temporary Receiver"), who were charged with protecting Mr. Silverberg's person and property and who obtained permission to act with respect to his interests in the Debtor. On August 25, 2023, the Debtor filed a motion seeking approval of a sale of the hotel and related assets. The sale package included declarations from the Temporary Receiver and the broker describing the marketing campaign and the offers received. Those materials show that one robust, non-contingent offer -- initially for $22,501,000 with a $5,000,000 non-refundable deposit -- was submitted and that the proposed Sale Agreement was executed and accompanied by a $5,000,000 escrow wire. At the September 11, 2023 sale hearing, the Bankruptcy Court addressed Appellant's standing and concluded she lacked party-in-interest status under Sec. 1109(b). The Bankruptcy Court then heard testimony from the Chief Liquidating Officer, the purchaser, and at-the-hearing bidders. The purchaser increased its bid to $24,000,000, and the Court approved the sale as proposed, in good faith. On November 8, 2023, Appellant filed this appeal, claiming that the Bankruptcy Court erred in concluding that Appellant lacked party in interest standing. Appellant's primary argument is that she should be permitted to litigate the sale because she is likely to be appointed as her father's permanent guardian and, in that role, would administer any residual interest in his guardianship estate. According to the District Court, that potential future appointment is precisely what makes Appellant's asserted stake contingent. She does not claim present equity ownership, asserts no present claim against the bankruptcy estate, and points to no statutory provision that converts a future guardianship appointment into an immediate right to participate under Sec. 1109(b). The Bankruptcy record confirms she asserted a prospective guardianship claim, but had not been appointed as of the sale hearing. The District Court concludes the Bankruptcy Court correctly treated Appellant's interest as contingent and attenuated. Appellant's alternative argument -- based on her familial relation to the Debtor's owner and on an asserted "insider" status -- does not alter the analysis. The District Court finds the Bankruptcy Court correctly observed that Sec. 1109(b) does not automatically confer standing on relatives of shareholders, particularly where those shareholders are living, and their property interests are represented by court-appointed fiduciaries. A copy of the Court's Opinion dated March 19, 2026, is available at https://urlcurt.com/u?l=0NYeX4 from PacerMonitor.com. About Arbah Hotel Corp. Arbah Hotel Corp., doing business as Meadowlands View Hotel, is a 3.5-star business-friendly hotel in North Bergen, New Jersey. Arbah Hotel Corp. filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 23-11467) on Feb. 24, 2023. In the petition filed by Mark Wysocki, vice president and operations manager, the Debtor reported assets between $10 million and $50 million and liabilities between $100,000 and $500,000. Joseph L Schwartz has been appointed as Subchapter V trustee. The Debtor is represented by Justin M Gillman, Esq., at Gillman, Bruton & Capone, LLC. ARCANUM VENTURES: Hires Rountree Leitman Klein & Geer as Attorney ----------------------------------------------------------------- Arcanum Ventures, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC as its attorneys. The firm will render these services: (a) give the Debtor legal advice with respect to its powers and duties in the management of its property; (b) prepare on behalf of the Debtor necessary legal papers; (c) assist in examination of the claims of creditors; (d) assist with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and (e) perform all other legal services for the Debtor that may be necessary. The firm will be paid at these proposed hourly rates: William A. Rountree $595 Will B. Geer $595 Hal Leitman $425 William Matthews $425 David S. Klein $495 Elizabeth Childers $395 Ceci Christy $425 Caitlyn Powers $375 Shawn Eisenberg $300 Dorothy Sideris $225 Elizabeth Miller $290 Megan Winokur $175 Legal Assistants $150 Law Clerk $200 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer of $60,000 from the Debtor. Mr. Rountree 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: William A. Rountree, Esq. Rountree Leitman Klein & Geer, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: wrountree@rlkglaw.com About Arcanum Ventures LLC Arcanum Ventures, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64443) on December 10, 2025. In the petition signed by Robin Kosoris, member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge James R. Sacca oversees the case. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. ARD FINANCE: Court Grants Chapter 15 Recognition ------------------------------------------------ Chief Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York granted the motion filed by ARD Finance SA's foreign representative for recognition of the Luxemburg Proceeding as the foreign main proceeding. The Ad Hoc Group of PIK Noteholders filed an objection to the motion. Torsten Schoen is the Chief Legal Officer and Company Secretary of the Debtor and is a German-trained lawyer. He is also the proposed Foreign Representative for the Debtor. He submits that the Debtor is a holding company constituted in the form of a Luxembourg societe anonyme, incorporated by notarial deed dated May 6, 2011, and registered with the Luxembourg register of Commerce and Companies (Registre de Commerce et des Societes) under number B 160806. The Debtor was incorporated pursuant to Luxembourg law, and its registered office is located at 56, rue Charles Martel, L-2134 Luxembourg. Before the commencement of the judicial reorganization by collective agreement proceeding (procedure de reorganisation judiciaire par accord collectif) (the "Luxembourg Proceeding"), the Debtor held 80.53% of the issued share capital of Ardagh Group S.A., a Luxembourg societe anonyme established and having its registered office at L-2134 Luxembourg (Luxembourg), 56, rue Charles Martel, registered with the Luxembourg register of Commerce and Companies (Registre de Commerce et des Societes) under number B160804 ("AGSA"). The Debtor also held 100% of the issued share capital of ARD Group Finance Holdings S.A., a Luxembourg societe anonyme, established and having its registered office at the same address, registered with the Luxembourg register of Commerce and Companies (Registre de Commerce et des Societes) under number B209270 ("AGFH"). AGFH held the remaining 19.47% of the shares in AGSA. In 2019, the Debtor issued two series of senior secured toggle notes: (i) €1 billion of Euro-Denominated 5.000% / 5.750% Senior Secured Toggle Notes due 2027 (the "EUR Toggle Notes"), and (ii) $895 million of Dollar-Denominated 6.500% / 7.250% Senior Secured Toggle Notes due 2027 (the "USD Toggle Notes" and, together with the EUR Toggle Notes, the "PIK Notes"). AGSA announced that it would undergo a recapitalization transaction to address the Ardagh Group's financial distress in the summer of 2025. The Foreign Representative submits that the Ardagh Group's total indebtedness under the senior notes and the PIK Notes, as of June 30, 2025, stood at approximately $4.3 billion, a level that could not be repaid by ARDF. The Recapitalization Transaction was intended to deleverage AGSA and its subsidiaries through a debt-for-equity exchange of those obligations and contemplated an infusion of approximately $1.5 billion in new capital. In the fourth quarter of 2025, AGSA filed an application in the Luxembourg District Court for judicial approval of an agreement with certain of its creditors (requete en homologation) in order to implement the proposed restructuring in a court-supervised process. The Debtor then filed an application to open the Luxembourg Proceeding under Articles 12 and 13 of the of the Luxembourg law of August 7, 2023 on the preservation of businesses and the modernization of bankruptcy law, with the Luxembourg District Court on November 12, 2025, in order to restructure its liabilities under the PIK Notes and restore its financial viability. The reorganization plan proposed by the Debtor provides for the following: * a debt-to-equity conversion of the PIK Notes, which would reduce the Debtor's outstanding indebtedness under the PIK Notes to zero in exchange for the holders of the PIK Notes (the "PIK Noteholders") receiving shares of the Debtor; * the agreement of ARD Securities Finance Sarl, the direct parent of the Debtor, to support, approve, implement, and use commercially reasonable efforts to take all reasonably necessary actions to facilitate the consummation of the transactions contemplated by the reorganization plan, including transferring all its shares held in the Debtor upon court approval of the plan (in consideration for certain releases and cost coverage in respect of its solvent liquidation) to allow the PIK Noteholders to receive their allocation of shares of the Debtor; and • the PIK Noteholders becoming shareholders of the reorganized Debtor The Foreign Representative claims that the Debtor expects approval of the plan by a majority in number and value, given that the PIK Noteholders constitute the Debtor's only substantial creditors. The Court grants the Recognition Motion and finds that: (i) Foreign Representative was properly appointed, (ii) the Luxembourg Proceeding is a foreign main proceeding, (iii) the Debtor's center of main interest is in Luxembourg, (iv) the Debtor has an establishment in Luxembourg, and (v) the requested relief is not manifestly contrary to U.S. public policy. The Court finds the Debtor is eligible to file under chapter 15 of the Code. The PIK Notes contain a New York choice-of-law provision and a New York forum-selection clause. According to the Court, the Debtor has sufficiently demonstrated that the Luxembourg Proceeding is a "Foreign Main Proceeding" within the meaning of section 1517 of the Code. The PIK AHG fails to provide sufficient evidence that the Luxembourg Proceeding does not consider the rights of all creditors. The PIK AHG notes that the fact the Luxembourg Court will not yet consider the facts and circumstances surrounding the Pre-JRP Out of Court Restructuring violates the rights of creditors by failing to provide a meaningful review of their treatment and classification. However, this assertion mischaracterizes the Luxembourg Proceeding. As the Foreign Representative has demonstrated, the Luxembourg Proceeding operates pursuant to a statutory framework that provides the ability for creditors to challenge the amount, classification, and qualifications of its claim before the Luxembourg Court. Creditors may appeal against a judgment approving a restructuring plan, the restructuring plan is reviewed by the Luxembourg Court and must comply with Luxembourg law and the best interests of the creditors. The PIK AHG contends they were improperly stripped of their security interests and improperly classified with the SUNs. The time and place for the PIK AHG to raise this argument is in the Luxembourg Proceeding. All creditors whose claims are impacted are entitled to vote on the plan. The Luxembourg Proceeding, therefore, contains robust protections for creditors and is "collective in nature." Accordingly, the Court finds that the Luxembourg Proceeding is a foreign main proceeding within the meaning of section 101(23) of the Code. The Foreign Representative has demonstrated that the Debtor's registered office is in Luxembourg, is incorporated under Luxembourg law, its directors are located in Luxembourg, all board meetings have taken place in Luxembourg, the Debtor maintains a bank account in Luxembourg, and the Debtor's books and records are maintained in Luxembourg. Most of the issues raised by the PIK AHG in its objection at the recognition stage are premature and can be raised again at the enforcement stage. A copy of the Court's Memorandum Opinion and Order dated March 25, 2026, is available at https://urlcurt.com/u?l=MPg6va from PacerMonitor.com. Attorneys for Foreign Representative: Andrew K. Glenn, Esq. Jonathan H. Friedman, Esq. Naznen Rahman, Esq. GLENN AGRE BERGMAN & FUENTES LLP 1185 Avenue of the Americas, 22nd Floor New York, NY 10036 Email: aglenn@glennagre.com jfriedman@glennagre.com nrahman@glennagre.com Attorneys for PIK Ad Hoc Group: J. Christopher Shore, Esq. Harrison Denman, Esq. Erin Smith, Esq. Andrew Costello, Esq. WHITE & CASE LLP 1221 Avenue of the Americas New York, NY 10020 Email: cshore@whitecase.com hdenman@whitecase.com erin.smith@whitecase.com About ARD Finance SA ARD Finance SA, previously Operated as a Subsidiary of Ardagh Group S.A., a prominent provider of rigid packaging solutions. It is a Luxembourg-based holding company organized as a societe anonyme and incorporated in 2011 under number B160806, functions as a holding and financing entity within the Ardagh Group, a global supplier of metal and glass packaging. Its corporate purpose includes acquiring Luxembourg and foreign companies, issuing debt instruments, and providing financing within the group. Until shortly before the commencement of the Luxembourg proceeding, it held a majority stake in Ardagh Group S.A. and full ownership of ARD Group Finance Holdings S.A., which controlled the remaining shares in Ardagh Group S.A. ARD Finance SA sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12794) on December 14, 2025. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Andrew K. Glenn, Esq., at Glenn Agre Bergman & Fuentes LLP. ARD FINANCE: Secures Ch. 15 Recognition Over Noteholders' Objection ------------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that Ardagh Group's subsidiary, ARD Finance, has won Chapter 15 recognition in New York for its Luxembourg restructuring case, overcoming objections from payment-in-kind creditors. The ruling allows the U.S. court to acknowledge the foreign proceedings and support the company's international restructuring plan. The Chapter 15 filing grants the subsidiary certain legal protections in the U.S., including the enforcement of automatic stays and limits on creditor actions that could disrupt the overseas case. Opposing noteholders argued that recognition would impair their interests, but the court found the request consistent with U.S. bankruptcy law, the report states. This development is expected to smooth coordination between the Luxembourg proceedings and U.S. stakeholders, helping Ardagh's subsidiary execute its financial restructuring. Chapter 15 recognition ensures that cross-border creditors and courts work in alignment to maintain an orderly process, Law360 reports. About ARD Finance SA ARD Finance SA, previously Operated as a Subsidiary of Ardagh Group S.A., a prominent provider of rigid packaging solutions. It is a Luxembourg-based holding company organized as a societe anonyme and incorporated in 2011 under number B160806, functions as a holding and financing entity within the Ardagh Group, a global supplier of metal and glass packaging. Its corporate purpose includes acquiring Luxembourg and foreign companies, issuing debt instruments, and providing financing within the group. Until shortly before the commencement of the Luxembourg proceeding, it held a majority stake in Ardagh Group S.A. and full ownership of ARD Group Finance Holdings S.A., which controlled the remaining shares in Ardagh Group S.A. ARD Finance SA sought relief under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12794) on December 14, 2025. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Andrew K. Glenn, Esq. of Glenn Agre Bergman & Fuentes LLP. ART LENDING: UCC Public Auction Scheduled for April 14 ------------------------------------------------------ Reference is hereby made to that certain Loan and Security Agreement, dated as of June 18, 2021 (as the same has been amended, modified or otherwise supplemented from time to time, the "Loan and Security Agreement"), by and among Art Lending, Inc. a Nevada corporation (the "Borrower"), Allied Affiliated Funding, a division of Axiom Bank, N.A. (when acting for itself, "Allied"), acting in its capacity as Administrative Payment and Collateral Agent thereunder (when acting in such capacity, the "Agent") and the Persons who are parties thereto as lenders (including Allied) (collectively, the "Lenders"), pursuant to which, the Borrower has granted to the Agent for the benefit of the Lenders and itself a security interest in all assets of Borrower, including without limitation past and future Accounts, Chattel Paper, Deposit Accounts, Instruments, Documents, Letter of Credit Rights, Commercial Tort Claims, Equipment, Inventory and other Goods, General Intangibles, Investment Property and real estate, cash and cash equivalents, books and records and all substitutions, replacements, products and proceeds of any of the foregoing, all as more particularly described therein (collectively, the "Collateral"). All capitalized terms not defined herein but defined in the Loan and Security Agreement shall have the meanings given to such terms in the Loan and Security Agreement, and if not defined Loan and Security Agreement, then the meanings given to such terms in the Uniform Commercial Code as in effect in the State of Nevada (the "UCC"). In accordance with the applicable provisions of the Loan and Security Agreement, the other Loan Documents and the UCC, and acting at the written direction of the Requisite Lenders, the Agent will sell the Collateral to the highest qualified bidder(s), at a public auction (the "Public Auction"), to be held on Microsoft Teams, by Mannion Auctions, LLC, as auctioneer for the Agent (the "Auctioneer"), commencing at 3:00 p.m. (prevailing Eastern Time) on Tuesday, April 14, 2026 (the "Auction Date"), and towards that end, the Agent is now soliciting opening bids from qualified bidders. This Public Auction will be a public disposition (within the meaning of Section 9-610 of the UCC) of the Collateral. To participate in this Public Auction, you must complete and submit to the Auctioneer electronically via email (e-mail: mdmannion@jpandr.com) a bid package (including the bid sheet attached thereto) (the "Bid Package"), together with a qualified bid, by 5:00 p.m. (prevailing Eastern Time) on Friday, April 10, 2026, (the "Bid Deadline"). A copy of the Bid Package may be obtained from the Auctioneer upon request. Any Bid Packages and/or bids submitted to the Auctioneer after the Bid Deadline will not be accepted. The Borrower is in the business of making loans (and purchasing and holding participation interests in loans) (said loans are hereinafter referred to and are defined in the Loan and Security Agreement as "Portfolio Loan Receivables") to art collectors, art galleries and estate planners which are evidenced by certain agreements (including without limitations, loan agreements, participation agreements, security agreements and pledge agreements), promissory nates and other documents and instruments (said agreements, promissory notes and other documents and instruments are hereinafter referred to and are defined in the Loan and Agreement as the "Portfolio Documents"). These Portfolio Loan Receivables are purportedly secured by security interests or liens granted to the Borrower on certain fine art and antiques owned purportedly owned by such art collectors, art galleries and estate planners, all as more particularly described in applicable Portfolio Documents (said fine art and antiques are hereinafter referred to and are defined in the Loan and Security Agreement as the "Portfolio Collateral"). The Collateral to be offered for sale at the Public Auction includes the the rights, title and interests of the Borrower in the Portfolio Loan Receivables (including the Portfolio Documents which evidence the Portfolio Loan Receivables and any purported security interests or liens which the Borrower may have on any Portfolio Collateral itself by virtue of the Portfolio Documents). For avoidance of doubt, this Public Auction is NOT a sale of the Portfolio Collateral itself (i.e, the fine art and antiques which are subject to the Portfolio Documents). This Public Auction is instead a sale of, among other things, all of the rights, title ang interests of the Borrower in the Portfolio Loan Receivables (including the Portfolio Documents which evidence any Portfolio Loan Receivables and any purported security interests or liens which the Borrower may have on any Collateral by virtue of the Portfolio Documents) (i.e. the fine art and antiques which are subject to the Portfolio Documents). The Portfolio Collateral purportedly includes artworks by, among others, Georgia O'Keeffe, James Archer, John Singer Sargent, Armando Morales, Barbara Hepworth, Fernando Botero, Paul Manship, Mark Rothko, Edward Hopper, El Greco, Thomas Mooran and Pablo Picasso. The Collateral is being sold at the Public Auction strictly on an "AS IS AND WHERE IS" BASIS, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES (WHETHER EXPRESSED OR IMPLIED) OF ANY KIND (INCLUDING WITHOUT LIMITATION, ANY SUCH REPRESENTATIONS AND WARRANTIES AS TO FITNESS FOR A PARTICULAR PURPOSE), MADE BY THE AGENT, THE LENDERS, THE AUCTIONEER OR ANY OTHER PERSON ACTING FOR OR ON BEHALF OF THE AGENT, THE LENDERS, OR THE AUCTIONEER, AND WITHOUT ANY RECOURSE WHATSOEVER AGAINST THE AGENT, THE LENDERS, THE AUCTIONEER OR ANY PERSON ACTING FOR OR ON BEHALF OF THE AGENT, THE LENDERS OR THE AUCTIONEER. Parties interested in bidding on the Collateral must contact the Auctioneer, Mannion Auctions, LLC, Attn: Matthew D. Mannion, 299 Broadway, Suite 1601, New York, NY 10007, Tel.: (212) 267-6698, e-mail: mdmannion@jpandr.com. The Terms of Sale, bidding instructions and additional documentation will be available by contacting the Auctioneer. Interested parties who do not contact the Auctioneer on or before the Bid Deadline will not be permitted to bid at at the Public Auction. The Agent, acting for the benefit of the Lenders and itself, reserves (a) the right to extend, postpone, adjourn or otherwise cancel, at any time, the Public Auction, without notice to any Person; and (b) the right to submit for and on behalf of the Lenders one or more credit bids at the Public Auction. ASTICOU HOSPITALITY: Hires Bernstein Shur Sawyer as Counsel ----------------------------------------------------------- Asticou Hospitality, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maine to employ Bernstein, Shur, Sawyer & Nelson, P.A. as its general bankruptcy counsel. The firm will provide these services: (a) advising the Debtor with regard to the requirements of the Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules, Local Rules, and the Office of the United States Trustee, as they pertain to the Debtor; (b) advising the Debtor with regard to certain rights and remedies of the bankruptcy estate and rights, claims, and interests of creditors and bringing such claims as the Debtor, in its business judgment, decides to pursue; (c) representing the Debtor in any proceeding or hearing in the Bankruptcy Court involving the estate; (d) conducting examinations of witnesses, claimants, or adverse parties, and representing the Debtor in any adversary proceeding (except to the extent that any such adversary proceeding is in an area outside of BSSN's expertise); (e) reviewing and analyzing various claims of the Debtor’s creditors and treatment of such claims and preparing, filing, or prosecuting any objections thereto or initiating appropriate proceedings regarding leases or contracts to be rejected or assumed; (f) preparing and assisting the Debtor with the preparation of reports, applications, pleadings, motions, and orders, including, but not limited to, applications to employ professionals, interim statements and operating reports, initial filing requirements, schedules and statements of financial affairs, cash collateral motion papers, and motions with respect to the Debtor’s use of estate property (to the extent necessary); (g) assisting the Debtor in the analysis, formulation, negotiation, and preparation of all necessary documentation relating to the sale of the Debtor’s assets, as appropriate; (h) assisting the Debtor in the negotiation, formulation, preparation, and confirmation of a plan; and (i) performing any other services that may be appropriate in BSSN’s representation of the Debtor as general bankruptcy counsel in the case. BSSN held a retainer of $30.42 as of March 5, 2026, which will continue to be held in escrow pending further Court order. Prior payments for services to the Debtor total $178,343.94. BSSN intends to apply for compensation for professional services rendered and reimbursement of expenses in accordance with the Bankruptcy Code, Bankruptcy Rules, Local Rules, U.S. Trustee Guidelines, and applicable Court orders. BSSN is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). BSSN does not hold or represent an interest adverse to the Debtor's estate, except as disclosed, according to court filings. The firm can be reached at: Adam R. Prescott, Esq. D. Sam Anederson, Esq. BERNSTEIN, SHUR, SAWYER & NELSON, P.A. 100 Middle Street PO Box 9729 Portland, ME 04104 Telephone: (207) 774-1200 Facsimile: (207) 774-1127 E-mail: aprescott@bernsteinshur.com sanderson@bernsteinshur.com About Asticou Hospitality, LLC Asticou Hospitality, LLC is a Maine-registered limited liability company that owns and operates The Asticou Hotel, a historic luxury lodging property in Northeast Harbor, Maine. The company was created by Maine hotelier Tim Harrington to acquire and renovate the Asticou property, a grand coastal inn on Mount Desert Island with dining, accommodations, and hospitality services, and has overseen a multi-million-dollar redevelopment and reopening of the hotel. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Maine Case No. 26-20030) on February 11, 2026. Judge Michael A Fagone oversees the case. Â Randy J. Creswell, Esq.,at CRESWELL LAW, represents the Debtor as legal counsel. B.J. OIL: Seeks Chapter 7 Bankruptcy in California -------------------------------------------------- On March 24, 2026, B.J. Oil, Inc. filed for Chapter 7 protection in the Central District of California. According to the court filing, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About B.J. Oil, Inc. B.J. Oil, Inc. is a California-based company engaged in oil-related services, including fuel distribution, petroleum product supply, or related energy sector operations. B.J. Oil, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12202) on March 24, 2026. In its petition, the Debtor reports estimated assets of $0–$100,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge Scott H. Yun handles the case. The Debtor is represented by Sanaz Sarah Bereliani, Esq. of Bereliani Law Firm, PC. BAILEYS' OLIVE: Hires Manor Brokerage LLC as Real Estate Broker --------------------------------------------------------------- Baileys' Olive West Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to hire Manor Brokerage, LLC as real estate broker. The firm will market and sell the Debtor's located at 3131-3137 Olive Street, St. Louis, MO 63103. The firm will receive a commission equal to five percent of the total sales price. As disclosed in the court filings, Manor Brokerage does not hold or represent any interest adverse to the Debtor's estate, and is a "disinterested person" as that phrase is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Benjamin Cherry Manor Brokerage, LLC 8085 Manchester Rd. Brentwood, MO 63144 Tel: (314) 647-6611 Email: ben@manorrealestate.com About Baileys' Olive West Inc. Baileys' Olive West Inc. is a Missouri-based business engaged in restaurant operations and related hospitality services. The company manages dining establishments with a focus on customer experience, food quality, and service consistency. Baileys' Olive West Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo., Case No. 25-44579) on November 24, 2025. In its petition, the debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $100,001 and $1,000,000. The case is assigned to Honorable Bankruptcy Judge Bonnie L. Clair. The debtor is represented by Spencer P. Desai, Esq. of The Desai Law Firm, LLC. BELKIN INTERNATIONAL: Dalton Sues Over Blind-Inaccessible Website ----------------------------------------------------------------- JULIE DALTON, individually and on behalf of all others similarly situated, Plaintiff v. BELKIN INTERNATIONAL, INC., Defendant, Case No. 0:26-cv-01861 (D. Minn., March 13, 2026) alleges violation of the Americans with Disabilities Act. The Plaintiff alleges in the complaint that the Defendant's Web site, www.belkin.com, is not fully or equally accessible to blind and visually-impaired consumers, including the Plaintiff, in violation of the ADA. The Plaintiff seeks a permanent injunction to cause a change in the Defendant's corporate policies, practices, and procedures so that the Defendant's Web site will become and remain accessible to blind and visually-impaired consumers. Belkin International, Inc. manufactures consumer electronics and networking equipment and accessories. The Company offers cases, routers, adapters, covers, bags, hubs and docks, cables, stands, and chargers. [BN] The Plaintiff is represented by: Patrick W. Michenfelder, Esq. Chad A. Throndset, Esq. Jason Gustafson, Esq. THRONDSET MICHENFELDER, LLC 80 S. 8th Street, Suite 900 Minneapolis, MN 55402 Telephone: (763) 515-6110 Email: pat@throndsetlaw.com chad@throndsetlaw.com jason@throndsetlaw.com BEVERLEY'S HOME: Hires Regional Bankruptcy Center as Attorney ------------------------------------------------------------- Beverley's Home Health Care, LLC filed an amended application seeking approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Regional Bankruptcy Center of Southeastern PA, P.C. as lead attorney. The firm will be developing and seeking approval of plans involving restructuring and curing of mortgage, tax and other debt, and small business reorganizations for both individuals in business and small business entities, in both Chapter 13 and Chapter 11 cases. The lead attorney, Roger V. Ashodian, would bill the Debtor at the normal hourly rate of $300 per hour for all services. The firm received an initial retainer of $20,000. Mr. Ashodian assured the court that Regional Bankruptcy Center of Southeastern PA, P.C. does not hold nor represent any interest adverse to the Debtor or the estate. The firm can be reached through: Roger V. Ashodian, Esq. REGIONAL BANKRUPTCY CENTER OF SOUTHEASTERN PA, P.C. 101 West Chester Pike, Suite 1A Havertown, PA 19083 Phone: (610) 446-6800 About Beverley's Home Health Care, LLC Beverley's Home Health Care, LLC provides non-medical in-home support services, including bathing, dressing, hygiene care, and mobility assistance, operating from Philadelphia, Pennsylvania, and is classified under the home health care services industry. Beverley's Home Health Care, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14401) on October 30, 2025, listing up to $50,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Anthony D. Beverley as managing member. Judge Patricia M Mayer presides over the case. Roger V. Ashodian, Esq. represents the Debtor as counsel. BIGGS MIDDS: Commences Chapter 7 Bankruptcy in California --------------------------------------------------------- On March 24, 2026, Biggs Midds & Little Inc. filed for Chapter 7 protection in the Eastern 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 Biggs Midds & Little Inc. Biggs, Midds And Little, Inc. is a general corporation in Truckee, CA. Biggs Midds & Little Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21611) on March 24, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Christopher D. Jaime handles the case. The Debtor is represented by Gary Ray Fraley, Esq. BIOXCEL THERAPEUTICS: Reports $69.9 Million Net Loss for 2025 ------------------------------------------------------------- BioXcel Therapeutics, Inc., reported in a Form 10-K filing with the Securities and Exchange Commission a net loss of $69.90 million on $642,000 in revenue for the year ended Dec. 31, 2025, widening from a net loss of $59.60 million on $2.27 million in revenue a year earlier. As of Dec. 31, 2025, the biopharmaceutical company had $44.92 million in total assets, $140.38 million in total liabilities and a stockholders' deficit of $95.46 million. Ernst & Young LLP, in its March 27, 2026 audit report, issued a going-concern qualification, citing recurring losses and significant cash use, which raise substantial doubt about the company's ability to continue operations. BioXcel reported cash, cash equivalents and restricted cash of $28.76 million at year-end, along with negative working capital of $9.24 million. The company said it will need substantial additional funding to support operations and advance its product pipeline. Net cash used in operating activities totaled $57.62 million in 2025, compared with $72.03 million in 2024, reflecting the net loss and changes in working capital and non-cash items. The company reported no investing cash flows in either year. Financing activities provided $56.52 million in 2025, driven by proceeds from a registered direct offering, stock sales under an equity distribution agreement and warrant exercises. Financing activities provided $36.66 million in 2024. BioXcel said its ability to continue as a going concern will depend on generating product revenue, managing costs and securing additional capital through equity, debt or other financing arrangements. It added that failure to obtain funding could lead to delays or reductions in development programs. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/1720893/000110465926036214/btai-20251231x10k.htm About BioXcel Headquartered in New Haven, Connecticut, BioXcel Therapeutics develops neuroscience and immuno-oncology therapies using an artificial intelligence platform. Its approach combines existing drugs and clinical candidates with proprietary machine learning tools to identify new therapeutic applications. Its lead assets include BXCL501, marketed as IGALMI, and BXCL701, an investigational immuno-oncology therapy. BLAZING BAGELS: Commences Chapter 7 Bankruptcy in Washington ------------------------------------------------------------ On March 24, 2026, Blazing Bagels and Bakery, Inc., filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Western District of Washington. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 50–99 creditors. About Blazing Bagels and Bakery, Inc. Blazing Bagels and Bakery, Inc. is a food service company engaged in the production and retail sale of bagels, baked goods, and related products. Blazing Bagels and Bakery, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10901) on March 24, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1,000,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Christopher M. Alston handles the case. The Debtor is represented by Aimee S. Willig, Esq. of Bush Kornfeld LLP. BONIFAS ENTERPRISES: Hires Wyckoff & Associates as Accountant ------------------------------------------------------------- Bonifas Enterprises, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Wyckoff & Associates, P.C. to perform professional accounting and advisory services. The firm will charge a flat monthly fee for its services of $3,950. The accountant will be paid a $10,000 retainer which will be held pending court approval to deposit. Paul C. Rieck, an accountant at Wyckoff & Associates, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul C. Rieck, CPA Wyckoff & Associates, P.C. 3280 Woodmen Road, Suite 210 Colorado Springs, CO 80903 Phone: (719) 633-8607 Email: prieck@wyckoffpc.com About Bonifas Enterprises, Inc. Bonifas Enterprises, Inc., doing business as Best Western Transmission, provides automotive repair and maintenance services in Colorado Springs, Colorado, and throughout El Paso County. Bonifas Enterprises, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Col. Case No. 26-11160) on February 27, 2026, listing up to $50,000 in assets and $1 million to $10 million in liabilities. The Woodmen Road, Suite y Joshua Bonifas as sole shareholder. Judge Kimberley H Tyson presides over the case. Jonathan M. Dickey, Esq. at KUTNER BRINEN DICKEY RILEY, P.C. serves as the Debtor's counsel. BRADLEY MECHANICAL: Hires Armory Consulting as Financial Advisor ---------------------------------------------------------------- Bradley Mechanical Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Armory Consulting Co. as financial advisor. The firm will render these services: a. provide strategic financial guidance to prepare and assist the Debtor through its bankruptcy; b. manage reporting requirements pertaining to the Bankruptcy Court and the U.S. Trustee's office, including (as applicable) Schedules and Statement of Financial Affairs, monthly operating reports, 7-Day Package, and cash flow projections; c. manage preparation of periodic cash flow forecasts (i.e., 13 weeks or similar), long term financial projections, and variance analysis, as needed; d. assist with negotiating and serving as a liaison between the Debtor and its creditors or their representatives; e. assist with the projections in developing a plan of reorganization; f. prepare the liquidation analysis; g. assist with preparing a valuation and/or appraisal of the Debtor's business and/or assets; h. evaluate the rejection of any executory contracts and unexpired leases; i. assist in the evaluation and analysis of avoidance actions and causes of action; j. provide testimony, including deposition testimony, before the Bankruptcy Court on matters within Armory's expertise and consistent with Armory's scope of services; k. oversee analysis of creditors' claims; and l. provide additional services as may be mutually agreed upon in writing between Debtor and Armory. James Wong will be the professional at Armory primarily responsible for providing financial advisory services to the Debtor; he will be assisted by other professionals at Armory, as necessary. Mr. Wong's normal billing rate is $625 per hour for insolvency and related advisory services. To the extent any of Armory's staff are needed to render services for matters, their rates are $475 to $575 per hour. Armory is a "disinterested person" as that term is defined in Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: James Wong Armory Consulting Co. 3943 Irvine Blvd., #253 Irvine, CA 92602 Phone: (714) 222-5552 Email: jwong@armoryconsulting.com About Bradley Mechanical Inc. Bradley Mechanical, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10057) on January 9, 2026, listing up to $500,000 in assets and up to $10 million in liabilities. Michael Bradley, president of Bradley Mechanical, signed the petition. Judge Scott C. Clarkson oversees the case. Aaron E. de Leest, Esq., at Marshack Hays Wood, LLP represents the Debtor as counsel. BUDDY MAC: Taps Kane Russell Coleman as Legal Counsel ----------------------------------------------------- BUDDY MAC HOLDINGS, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Kane Russell Coleman Logan PC to serve as legal counsel. KRCL will provide these services: (a) assist with the preparation and filing of any petitions, motions, applications, schedules, statements of financial affairs, and plan which may be required; (b) represent the Subsequent Debtors at the section 341 meeting of creditors and any adjourned hearings thereof; (c) represent the Subsequent Debtors in adversary proceedings and other contested bankruptcy matters; (d) take all necessary action to protect and preserve the Subsequent Debtors' estates; (e) prepare on behalf of the Subsequent Debtors, as debtors in possession, all necessary motions, applications, answers, orders, reports, and other papers in connection with the administration of the Subsequent Debtors' estates; (f) advise and consult with the Subsequent Debtors concerning legal questions arising in administering and reorganizing or liquidating the Subsequent Debtors' estates and the Subsequent Debtors' rights and remedies in connection with their estates' assets and creditors' claims; (g) assist the Subsequent Debtors in the formulation of a disclosure statement and confirmation of a chapter 11 plan of reorganization or liquidation, if appropriate, or pursue other strategies or means of administering the Subsequent Debtors' estates and resolving these bankruptcy cases; (h) take appropriate actions in connection with the sale of the Subsequent Debtors' assets pursuant to section 363 of the Bankruptcy Code, or otherwise; (i) assist the Subsequent Debtors in preserving and protecting their estates; (j) appear before this Court and the U.S. Trustee and protect the interests of the Subsequent Debtors and their estates before the Court and the U.S. Trustee; and (k) perform any other legal services for the Subsequent Debtors that are deemed necessary and appropriate to faithfully discharge their duties as debtors-in-possession. KRCL's standard hourly rates are: Joseph Coleman $1,025 Mark Taylor $935 John Kane $795 Casey Roy $715 Kyle Woodard $685 JaKayla DaBera $575 Paralegals $355-$375 Kane Russell Coleman Logan PC 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: John J. Kane, Esq. Kyle Woodard, Esq. JaKayla J. DaBera, Esq. KANE RUSSELL COLEMAN LOGAN PC 901 Main Street, Suite 5200 Dallas, TX 75202 Telephone: (214) 777-4200 E-mail: jkane@krcl.com kwoodard@krcl.com jdabera@krcl.com About Buddy Mac Holdings LLC Buddy Mac Holdings, LLC, together with its affiliates, operates a rent-to-own retail business selling home furnishings, electronics, and appliances, allowing customers to make periodic payments with the option to complete purchase or return the product at any time. The company began its rent-to-own operations in 2014 as a franchisee of Buddy's Home Furnishings and has expanded to operate 47 store locations across Arkansas, Florida, Illinois, Kansas, Missouri, New Mexico, Oklahoma, and Texas. It offers products under franchise agreements, with typical customer contracts spanning 12 to 18 months. Buddy Mac Holdings and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 25-34839) on December 4, 2025. In the petition signed by William Ian MacDonald, manager, Buddy Mac Holdings disclosed up to $50 million in both assets and liabilities. Judge Michelle V. Larson oversees the case. John J. Kane, Esq., at Kane Russell Coleman Logan PC, represents the Debtors as legal counsel. BUILDERS HOLDING: Court Says MAFRE Entitled to Summary Judgment --------------------------------------------------------------- Judge Edward A. Godoy of the United States Bankruptcy Court for the District of Puerto Rico granted the motion for summary judgment filed by MAPFRE in the adversary proceeding captioned as NOREEN WISCOVITCH RENTAS, TRUSTEE FOR THE ESTATE OF BUILDERS HOLDINGS CO., CORP., PLAINTIFF, v. ORIENTAL BANK and the PUERTO RICO FINANCING AUTHORITY, DEFENDANTS; MAPFRE PRAICO INSURANCE COMPANY AND ENDURANCE ASSURANCE, INTERVENOR-PLAINTIFF, v. ORIENTAL BANK, BUILDERS HOLDING CO., CORP., and the PUERTO RICO FINANCING AUTHORITY INTERVENOR-DEFENDANTS; ORIENTAL BANK, COUNTER-CLAIMANT, v. BUILDERS HOLDING CO., and MAPFRE PRAICO INSURANCE COMPANY AND ENDURANCE ASSURANCE, COUNTER-DEFENDANTS, ADV. PROCEEDING NO. 17-00012 (Bankr. D.P.R.). Oriental's motion for summary judgment and opposition to MAPFRE's summary judgment is denied. Builders Holding Co., a general contractor, and the Puerto Rico Financing Authority entered into a contract for the construction of a project known as "Revitalizacion del Poblado de Boqueron en el Municipio de Cabo Rojo." Builders failed to make payments to the project's vendors. MAPFRE, the bonding company, sent a letter to the Financing Authority informing it of claims received under the bonds covering the project and that all further project payments, including progress payments, retainage, or additional claim amounts, had to be sent to MAPFRE and made payable jointly to Builders and MAPFRE. The Financing Authority failed to comply with MAPFRE's request and made a deposit of $537,924.18 to Builders' account at Oriental Bank. At the time of the erroneous deposit, Builders had a matured debt with Oriental on two lines of credit. As a consequence, on the same day the deposit was made, Oriental applied $464,757.60 to the outstanding balance of the lines of credit. As of the date of the erroneous deposit, MAPFRE paid $523,166.55 for labor, materials, and equipment furnished in the bonded project pursuant to its obligations under the bonds and had incurred net aggregate losses under all bonds issued on behalf of Builders that exceeded the amount of $537,924.18. As of March 21, 2018, MAPFRE incurred losses amounting to $1,069,849.13 due to payments made under the bonds for the project and $7,863,012.93 under all bonds issued on behalf of the debtor. Builders filed a bankruptcy petition under chapter 11 and later filed this adversary proceeding against the Financing Authority and Oriental. The Bankruptcy Court determines that no material issue of fact exists, and MAPFRE is entitled to summary judgment in its favor as a matter of law. Pursuant to equitable subrogation principles and the statutes that regulate governmental construction projects in Puerto Rico, MAPFRE's interest in the funds deposited in Builder's account is superior to the rights of other creditors of Builders, including Oriental. Oriental's argues that even if the former Article 9 of Law 241-1996 did not allow it to perfect by control its interest in Builders' deposit account, Oriental's set-off was still senior to MAPFRE's secured interest in the same collateral under common law principles. The Bankruptcy Court finds that Builders had a priority interest over the progress payment deposited by the Financing Authority in Builders' deposit account. Oriental is ordered to turn over to MAPFRE and the Chapter 7 trustee, jointly, the money Oriental set-off from Builders' bank account. A copy of the Court's Opinion and Order dated March 16, 2026, is available at https://urlcurt.com/u?l=6LlZ7M from PacerMonitor.com. About Builders Holding Co. Builders Holding Co., Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 16-06643) on August 20, 2016. The petition was signed by Ismael Carrasquillo Sanchez, president. At the time of the filing, the Debtor disclosed $9.72 million in assets and $10.53 million in liabilities. Judge Edward A. Godoy presides over the case. Fausto David Godreau, Esq., at Godreau & Gonzales Law, is the Debtor's bankruptcy counsel. The Debtor hired Monge Robertin & Asociados, Inc. as insolvency and restructuring advisor; and Rivera Colon & Associated Co. as external auditor. No official committee of unsecured creditors has been appointed in the case. BYJU'S ALPHA: Court Tosses Raveendran's Discovery Motion -------------------------------------------------------- In the adversary proceeding captioned as BYJU'S ALPHA, INC., Plaintiff, v. BYJU RAVEENDRAN, DIVYA GOKULNATH, and ANITA KISHORE, Defendants, Adv. Pro. No. 25-50526-BLS (Bankr. D. Del.), Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the District of Delaware denied the following motions filed by Defendant Byju Raveendran: (1) Motion to Strike the Declarations of Pohl and Chapman (the "First Motion to Strike"); (2) Motion to Strike as Inadmissible Hearsay Newly Identified Documents Cited in Plaintiffs' Damages Brief and for Leave to File a Reply to the Plaintiffs' Damages Brief and Sur-Reply to the Plaintiffs' Motion to Quash (the "Second Motion to Strike"); and (3) Motion for a Rule 26(f) Conference and to Revise Order Granting Motion to Quash (the "Motion for Discovery"). After refusing to participate meaningfully in this adversary for months, now, after entry of a default, Mr. Raveendran is filing various motions demanding extensive discovery and seeking to strike documents that were part of the Plaintiffs' sanctions motion and brief on damages. The Plaintiffs filed this adversary proceeding as part of the Debtor's ongoing efforts in the Chapter 11 case to unravel a series of fraudulent transfers that stripped the Debtor of its assets (including the $533 million Alpha Funds and the proceeds thereof) by placing those assets beyond the reach of the Debtor and its creditors and concealing their whereabouts. The Debtor commenced this adversary proceeding against Defendants Byju Raveendran, Divya Gokulnath and Anita Kishore on April 9, 2025, asserting claims for breach of fiduciary duties, aiding and abetting breach of fiduciary duties, accounting, conversion and civil conspiracy. On November 20, 2025, this Court issued an Opinion granting the Plaintiffs' Motion for Default against Byju Raveendran for his failure to comply with the Court's expedited discovery orders in this adversary proceeding. That Opinion included an award of damages. Shortly thereafter, Byju Raveendran filed his Motion to Correct Opinion Pursuant to Federal Rule of Civil Procedure 60(a) noting that, at a hearing on September 9, 2025, the parties had agreed to defer the damages portion of the Motion for Default to a later date to be determined. As a result, the Court issued an Amended Opinion Granting Plaintiffs' Motion for Default, which thus excluded an award of damages, and entered a Scheduling Order requiring the parties to submit simultaneous briefing (with proposed forms of judgment order) on the issue of damages. Since the Court issued the Scheduling Order for briefing on damages, Mr. Raveendran has filed five separate motions7 seeking discovery from the Plaintiffs or seeking to strike declarations or documents relied upon by the Plaintiffs for the damage calculations. Mr. Raveendran argues that this adversary proceeding has been bifurcated into a separate "damages phase" which should begin with full discovery and include an evidentiary hearing on causation and entitlement to remedies. Mr. Raveendran argues that the Plaintiffs have the burden of proof on the issue of damages, and that their refusal to engage in discovery in this new phase is inherently unfair and prejudicial to him. In response, the Plaintiffs assert that Mr. Raveendran's position ignores the procedural context of this litigation. Plaintiffs argue that Mr. Raveendran's motions are intended only to delay and cause further substantial prejudice to them. The Plaintiffs sought a default judgment in this adversary proceeding under Fed.R.Civ.P. 37(b)(2)(A)(vi) as a sanction against Defendant Raveendran for his failure to comply with the Court's discovery orders. The Plaintiffs argue that the quantum of damages is straightforward in this case and may be easily ascertainable from and inextricably linked with the Complaint's allegations that pertain to liability, which the Court has accepted as true as a consequence of Mr. Raveendran's default. The Complaint alleges that, at Mr. Raveendran's direction, Riju Ravindran breached his fiduciary duties to the Debtor by transferring $533 million to a sham hedge fund (Camshaft Capital Fund, L.P.) which deprived the Debtor of $533 million. Then, Mr. Raveendran participated in the Debtor's unauthorized transfer of the Camshaft LP Interest, valued by Camshaft Fund's fund administrator at $540,647,109.29, for $0 in return. However, Defendant Raveendran now demands discovery on the issue of damages, moves to strike declarations, and seeks to challenge documents, "new arguments" and "new concessions" he claims are found throughout the Plaintiffs' damages brief. He argues that discovery is needed to permit him to reply to various "concessions" made in the Plaintiffs' Damages Brief. Mr. Raveendran also argues that he must respond to new claims asserted against him in the Plaintiff's Damages Brief based upon these alleged "concessions." The Court finds that Mr. Raveendran's arguments for discovery on these new issues or so-called "concessions" are groundless. The Complaint has not changed. There is no basis to reconsider Mr. Raveendran's liability for the claims in the Complaint. The Defendant has not asserted valid reasons for allowing discovery on the issue of damages or the need for an evidentiary hearing. The Court has determined that an evidentiary hearing on damages would not be helpful or appropriate in this matter. A copy of the Court's Memorandum Order dated March 19, 2026, is available at http://urlcurt.com/u?l=Xfy3YUfrom PacerMonitor.com. About BYJU's Alpha BYJU's Alpha, Inc., designs and develops education software solutions. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 24-10140) on Feb. 1, 2024. In the petition signed by Timothy R. Pohl, chief executive officer, the Debtor disclosed up to $1 billion in assets and up to $10 billion in liabilities. Judge John T. Dorsey oversees the case. Young Conaway Stargatt & Taylor, LLP, and Quinn Emanuel Urquhart & Sullivan, LLP serve as the Debtor's legal counsel. GLAS Trust Company LLC, as DIP Agent and Prepetition Agent, is represented in the Debtor's case by Kirkland & Ellis LLP, Pachulski Stang Ziehl & Jones, and Reed Smith. CALCASIEU PASS: S&P Assigns 'BB-' ICR, Outlook Negative ------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issuer credit rating (ICR) to Calcasieu Pass Funding LLC (CP Funding), consistent with its rating on Venture Global LNG Inc. (VGLNG). S&P Global Ratings also assigned its 'BB' issue-level rating and '2' recovery rating to the proposed TLB. The '2' recovery rating indicates its expectation of substantial (70%-90%; rounded estimate: 75%) recovery in the event of default. The negative outlook on CP Funding reflects our negative outlook on VGLNG. Calcasieu Pass Funding LLC (CP Funding), wholly owned by Venture Global LNG Inc. (VGLNG), is an intermediate holding company that indirectly owns 77% of the common equity of Venture Global Calcasieu Pass LLC (VGCP). CP Funding is issuing a $1.775 billion senior secured term loan B (TLB) to redeem the preferred equity owned by Stonepeak Equity Investment. S&P views CP Funding as a core entity under the VGLNG group according to our group rating methodology. S&P said, "We view CP Funding as a core entity under the VGLNG group; therefore, we assigned the same ICR as that on VGLNG. CP Funding, wholly owned by VGLNG, owns a 77% equity interest in VGCP. VGCP, the inaugural liquefied natural gas (LNG) project developed by VGLNG, has entered commercial operation and is fully contracted under 20-year take-or-pay arrangements with investment-grade offtakers. We view CP Funding as fully integrated into VGLNG's business and strategy, representing a significant proportion of VGLNG's consolidated EBITDA. We expect CP Funding to have a strong, long-term commitment of support from the VGLNG group in benign and stressful conditions. We believe VGLNG is unlikely to sell CP Funding. These factors, among others, support our assignment of core group status under our group rating methodology. Therefore, we assign CP Funding the same ICR as that on VGLNG. "The negative outlook on CP Funding reflects the negative outlook on VGLNG. The negative outlook on VGLNG reflects our expectation that to the extent that damages are assessed against VGCP beyond what it can support, VGLNG will provide such support in order to preserve continued operations at VGCP. Moreover, in addition to the uncertainty regarding the amount of damages from the BP arbitration, it is unknown what the outcome of the remaining arbitrations will be and the possibility or quantum of further damages to be assessed. "We could lower the rating on CP Funding if we lower the rating on VGLNG. We could lower the rating on VGLNG if the company provides support to VGCP that is not offset by increased cash flow, reduced spending, or increased equity such that the debt-to-EBITDA ratio remains above 7.0x. "We could revise the outlook to stable on CP Funding if we revise the outlook to stable on VGLNG. We could revise the outlook to stable on VGLNG once there is more certainty about the outcome of the current assessment of damages from the BP arbitration process and the remaining arbitration processes. Moreover, if VGLNG's support, if any, of VGCP does not lead to deterioration in credit metrics, we could revise the outlook to stable." CARLA'S PASTA: Court Narrows Claims in Novo Adversary Case ---------------------------------------------------------- Judge James J. Tancredi of the United States Bankruptcy Court for the District of Connecticut ruled in favor of Old CP, Inc. as to Counts Five, Six, and Seven in the adversary proceeding captioned as OLD CP, INC., PLAINTIFF V. NOVO ADVISORS, LLC, DEFENDANT, ADV. PRO. No. 23-02020 (Bankr. D. Conn.). On December 22, 2023, Old CP, Inc. ("Old CPI") commenced this Adversary Proceeding against Novo Advisors, LLC ("Novo"). Old CPI alleged therein that it was entitled to judgment against Novo on seven counts of its Complaint: 1) Preferential Transfer Pursuant to 11 U.S.C. Secs. 547, 550, and 551; 2) Constructive Fraudulent Transfer Pursuant to 11 U.S.C. Secs. 548(a)(1)(B), 550, and 551; 3) Constructive Fraudulent Transfer Pursuant to the Connecticut Uniform Fraudulent Transfer Act (CUFTA), Conn. Gen. Stat. Secs. 52-552e(a)(2) and 52-552f(a); 4) Breach of Fiduciary Duty as to the Pre-Petition BMO Payment; 5) Breach of Fiduciary Duty as to the Novo/CPI Engagement; 6) Breach of the Implied Covenant of Good Faith and Fair Dealing; and 7) Violation of the Connecticut Unfair Trade Practices Act (CUTPA), Conn. Gen. Stat. Sec. 42-110b, et seq. A trial was held on August 11–14, 2025. During the trial, Novo moved for a directed verdict on all counts. The Court granted the motion solely as to Count One, but declined to grant a directed verdict as to the other six counts. Novo is a financial advisory firm that specializes in turnaround advisory, restructuring advisory services, chief restructuring officer ("CRO") services, interim CRO and interim chief executive officer services, crisis management, insolvency advisory, and various other restructuring and insolvency issues. BMO Harris Bank, N.A. ("BMO") and People's United Bank, National Association ("PUB"), served as CPI's Senior Lenders (collectively the "Senior Lenders"). On or about June 30, 2020, BMO's counsel, Chapman and Cutler LLP, engaged Novo on behalf of the Senior Lenders to perform a financial assessment of CPI. BMO sought to assess CPI's ongoing viability in relation to its exposure as one of CPI's Senior Lenders, given the financial distress CPI was experiencing. A retention letter (the "BMO/Novo Retention Agreement"), dated June 30, 2020, set forth the terms of its engagement. The BMO/Novo Retention Agreement was signed by Mr. Sandeep Gupta, Novo's Managing Partner and one of Novo's founding partners. On August 7, 2020, CPI contracted with Novo for it to provide financial advisory services, and, through Mr. Gupta, Novo's principal, to serve as its new CRO. CPI and Novo accordingly signed a written agreement (the "Novo/CPI Engagement Contract") memorializing the terms of the retention. In Count Two, Old CPI alleges that it is entitled pursuant to 11 U.S.C. Sec. 548(a)(1)(B) to avoid against Novo the Pre-Petition BMO Payment -- again, the $273,616.25 payment that CPI made to BMO on January 28, 2021. Specifically, Old CPI alleges that 11 U.S.C. Sec. 548(a)(1)(B) applies because the transfer of funds was made on or within two (2) years of the Petition Date and while the Debtor was insolvent, and because the Debtor did not receive reasonably equivalent value in exchange for the Payment. To prevail on this claim, Old CPI alleges that Novo was the initial transferee of the transfer(s) or the immediate or mediate transferee of such initial transferee or the person for whose benefit the Pre-Petition BMO Payment was made. Novo argues that the Debtor did receive reasonably equivalent value in exchange for the Pre-Petition BMO Payment, as CPI reaffirmed its obligation to reimburse BMO for the expenses it incurred in hiring Novo in exchange in part for BMO's assent to enter into and fund the Eighth Forbearance Agreement. The Court concludes that CPI received reasonably equivalent value from BMO through the Eighth Forbearance Agreement to the value CPI transferred in making the Pre-Petition BMO Payment. Accordingly, the Court concludes that this transfer cannot be avoided under 11 U.S.C. Sec. 548(a)(1)(B). In Count Three, Old CPI alleges that it is entitled pursuant to CUFTA, Conn. Gen. Stat. Secs. 52-552e(a)(2) and 52-552f(a), to avoid the Pre-Petition BMO Payment as the Payment was made on or within four years of the Petition Date and while the Debtor was insolvent, and the Debtor did not receive reasonably equivalent value in exchange for the Payment. For the same reasons stated in Part 3.2(a), the Court concludes and adjudges that (1) Old CPI has not met its burden to establish that a fraudulent transfer occurred in the first instance, and (2) the Debtor did receive reasonably equivalent value from BMO in exchange for the Pre-Petition BMO Payment. Accordingly, CPI cannot prevail on this Count. In Count Four, Old CPI alleges that Novo owed fiduciary duties to CPI as its CRO and financial advisor because Novo undertook a duty to act on behalf of CPI for its benefit with respect to the most critical functions of its business and to take steps to ensure its financial survival, and thus, a fiduciary relationship was created. CPI alleges that Novo breached those fiduciary duties by causing CPI to borrow funds from its Lenders, thereby increasing its indebtedness to such Lenders at a time when CPI was already in default of its Pre-Petition Obligations and was unable to pay critical trade vendors and creditors, to enable CPI to make the Payment. The Court concludes that both Mr. Gupta and Novo owed a fiduciary duty to CPI, given the critical role they played in guiding CPI at a time when both CPI and its principals were particularly vulnerable and facing the harsh and unfamiliar world of financial distress. The Court concludes and adjudges that Novo, by clear and convincing evidence, did not breach any fiduciary duty as it pertains to the Pre-Petition BMO Payment. In Count Five, Old CPI reiterates that Novo owed fiduciary duties to CPI as its financial advisor and CRO (the role in which Mr. Gupta served), and that Novo breached those duties in a number of ways. Old CPI asserts that despite its patent conflict of interest, as CRO of CPI, Novo caused CPI to pay Novo compensation for its role as CRO in the sum of $1,167,036 for CRO services rendered during the period August 7, 2020 through the Petition Date -- a period of only approximately 6 months -- and at a time when CPI could not timely and fully pay all of its critical trade vendors and creditors. Old CPI contends that Novo caused CPI to borrow funds and increase its indebtedness on the eve of its bankruptcy filing for the sole purpose of CPI's payment of Novo's outstanding invoices associated with the BMO/Novo Engagement. The Court concludes and adjudges that both Novo and Mr. Gupta indisputably acted as CPI's fiduciaries. Therefore, it is Novo who bears the burden to prove by clear and convincing evidence its fair dealing throughout the Novo/CPI Engagement. The Court concludes and adjudges that there was a clear and unmistakable conflict of interest that should have prevented Novo from entering into the Novo/CPI Engagement Contract on August 7, 2020, given that Novo had previously been retained by BMO to assess CPI's viability and that Novo had an ongoing institutional relationship with BMO. The Court concludes, in the alternative, that even if Novo's waiver was otherwise somehow adequate to inform CPI about a potential conflict and satisfy Novo's duty of disclosure, and that CPI somehow waived the conflict, the conflict that CPI purportedly waived under these facts and circumstances was unwaivable. The Court concludes and adjudges that Novo did not meet its burden to show fair dealing, by clear and convincing evidence, and breached the fiduciary duties of loyalty and disclosure it owed CPI since the inception of, and during, the Novo/CPI Engagement. In Count Six, Old CPI asserts that Novo breached its implied duty of good faith and fair dealing pursuant to the Novo/CPI Engagement Contract. Old CPI alleges that Novo breached this duty by effectively misrepresenting that it could fully perform the obligations and duties outlined in the Engagement Contract -- to (1) loyally serve as CPI's CRO and financial advisor and (2) shepherd CPI through a potential Chapter 11 reorganization, should the occasion arise -- when it was unable to do so due to its conflict of interest. Old CPI further alleges that Novo impeded CPI's right to receive the material benefits of truly independent restructuring advice outlined in the Engagement Contract and that Novo did so in bad faith. In response, Novo asserts that it did not breach the terms of the Engagement Contract, nor did it act in bad faith. The Court concludes that Novo's motivations in offering CPI services in contemplation of a Chapter 11 filing that it could not or likely could not provide, were self-interested and calculated, and involved material omissions, gross neglect, and disregard of duties by a fiduciary, and thus were in bad faith. Novo accordingly breached the covenant of good faith and fair dealing contained in the CPI/Novo Engagement Contract. In sum, the Court concludes that Novo breached the implied covenant of good faith and fair dealing in its Engagement Contract with CPI. Pursuant to this Count, Old CPI again seeks disgorgement of the Novo Transfers and CRO Payments or an award of money damages equal to the same. Due to Novo's breach of the implied covenant of good faith and fair dealing, the Court concludes and adjudges that Novo must disgorge the CRO Payments of $1,167,036.00 for the same reasons articulated in Part 3.2.d.iv of this Memorandum of Decision. In Count Seven, Old CPI alleges that "Novo engaged in conduct, acts, and/or omissions that [were] unlawful, unfair, immoral, unethical, oppressive, and/or unscrupulous and/or of a nature that cause[d] substantial injury to consumers or businesspersons with the meaning, and in violation, of CUTPA. CPI has successfully proven that Novo engaged in unfair and deceptive practices through its conduct and omissions in the Novo/CPI Engagement and that Novo thus violated CUTPA. Pursuant to Count 7, the Court concludes and adjudges that Novo should disgorge the CRO Payments of $1,167,036.00. Furthermore, considering the egregiousness of Novo's conduct, the Court also grants Old CPI punitive damages in this case, as are permitted under Connecticut General Statutes § 42-110g(a). The Court finds for the Plaintiff on the counts for Breach of Fiduciary Duty as to the Novo/CPI Engagement and Violation of the Connecticut Unfair Trade Practices Act (CUTPA), Conn. Gen. Stat. Sec. 42-110b, et seq. The Court finds for the Defendant on Count One, Two, Three, and Four. Accordingly, the Court awards Old CPI a Judgment in the amount of $1,167,036.00, plus prejudgment interest, on Counts Five, Six, and Seven to disgorge Novo of the CRO Payments, as well as punitive damages in the amount of $273,616.25 on Count Seven. The Judgment shall entitle the Plaintiff to a single recovery of said sums. A copy of the Court's Memorandum of Decision dated March 17, 2026, is available at https://urlcurt.com/u?l=cyJ1A9 from PacerMonitor.com. About Carla's Pasta and Suri Realty Carla's Pasta Inc. is a family-owned and operated business headquartered in South Windsor, Conn. It manufactures food products including pasta sheets, tortellini, ravioli, and steam bag meals for branded and private label retail, foodservice distributors, and restaurant. Founded in 1978 by Carla Squatrito, Carla's Pasta's stock is held by members of the Squatrito family. On Dec. 31, 2016, Carla's Pasta acquired 100% of Suri Realty, LLC's membership interests. Suri's business is limited to the ownership of two adjoining parcels of real property located at 50 Talbot Lane and 280 Nut, meg Road, South Windsor, Conn. Carla's Pasta operates its business from an approximately the 150,000-square-foot BRC+ certified production facility. On Oct. 29, 2020, an involuntary petition for relief under Chapter 7 of the Bankruptcy Code was filed against Suri by Dennis Group, HJ Norris, LLC, Renaissance Builders, Inc., and Elm Electrical, Inc. On Dec. 17, the Court approved Suri's request and converted the involuntary Chapter 7 case to one under Chapter 11. Carla's Pasta filed a Chapter 11 petition (Bankr. D. Conn. Case No. 21-20111) on Feb. 8, 2021. It estimated assets of $10 million to $50 million and liabilities of $50 million to $100 million. The cases are jointly administered under Case No. 21-20111. Judge James J. Tancredi oversees the cases. The Debtors tapped Locke Lord LLP as their legal counsel, Verdolino & Lowey, PC as accountant, Cowen & Co. as investment banker, and Novo Advisors, LLC as financial advisor. Sandeep Gupta of Novo Advisors is the Debtors' chief restructuring officer. CARR'S PLUMBING: U.S. Trustee Appoints Creditors' Committee ----------------------------------------------------------- The U.S. Trustee for Region 20 appointed an official committee to represent unsecured creditors in the Chapter 11 case of Carr's Plumbing and Maintenance, LLC. The committee members are: 1. J.M. O'Connor, LLC Ryan Petrik, Controller 16910 W. 116th Street Lenexa, KS 66219 (913) 438-7867 rpetrik@jmoconnor.net 2. Ferguson Enterprises, LLC Courtney Arzola, Credit Manager 9301 Rosehill Rd Lenexa, KS 66215 (913) 396-3942 courtney.lauck@ferguson.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Carr's Plumbing and Maintenance Carr's Plumbing and Maintenance, LLC runs a plumbing business in Wichita, Kansas. Carr's sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-10101) on February 4, 2026. In the petition signed by Christopher Carr, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Mitchell L. Herren oversees the case. Mark J. Lazzo, Esq., at Mark J Lazzo PA, represents the Debtor as legal counsel. CATHOLIC DIOCESE OF EL PASO: U.S. Trustee Appoints Creditors Panel ------------------------------------------------------------------ The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Chapter 11 case of the Catholic Diocese of El Paso. The committee members are: 1. Betty Oliver c/o Levi A. Monagle Huffman & Monagle, LLC 122 Wellesley Dr. SE Albuquerque, NM 87106 505-255-6300 levi@hwm.law 2. Isaac Melendrez c/o Carey Bhalla, Wouter Zwart, and Roshanna Toya 500 4th St. NW #400 Albuquerque, NM 87102 525-243-1443 wzwart@rothsteinlaw.com 3. Kenrick Redfearn c/o Levi A. Monagle Huffman & Monagle, LLC 122 Wellesley Dr. SE Albuquerque, NM 87106 505-255-6300 levi@hwm.law 4. Lorrie Terrones c/o Carey Bhalla, Wouter Zwart, and Roshanna Toya 500 4th St. NW #400 Albuquerque, NM 87102 525-243-1443 wzwart@rothsteinlaw.com 5. Melissa Marquez Mendoza c/o Carey Bhalla, Wouter Zwart, and Roshanna Toya 500 4th St. NW #400 Albuquerque, NM 87102 525-243-1443 wzwart@rothsteinlaw.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Roman Catholic Diocese of El Paso, Texas The Roman Catholic Diocese of El Paso, Texas oversees parishes and Catholic institutions in the El Paso region. The Roman Catholic Diocese of El Paso, Texas sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No. 26-30311) on March 6, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Judge Christopher G. Bradley handles the case. The Debtor is represented by Lynn Hamilton Butler, Esq., at Husch Blackwell, LLP. CBL & ASSOCIATES: S&P Upgrades ICR to 'B+' on Recent Refinancings ----------------------------------------------------------------- S&P Global Ratings revised its issuer credit rating on Chattanooga, TN-based CBL & Associates Properties Inc. to 'B+' from 'B-'. S&P also revised the outlook to stable from negative, as it expects CBL's reduced amortization payments will improve key credit metrics, in particular S&P Global Ratings-adjusted fixed-charge coverage improving to 1.7x. CBL has eased liquidity and upcoming maturity concerns by successfully refinancing near-term corporate debt maturities and lengthening its weighted-average debt maturity profile. CBL recently refinanced its existing $634 million term loan through a $425 million nonrecourse fixed-rate facility maturing in 2031 secured primarily by mall assets and a $176 million floating-rate bank facility, backed mainly by open-air lifestyle centers. The transaction lowers debt by approximately $33 million, improves the company's weighted average maturity, and liquidity position. The refinancing was executed ahead of the November 2027 term loan maturity, improving the amortization schedule (CBL updated its amortization guidance to $58 million-$63 million) and boosting annual free cash flow by over $30 million. This strengthens internal liquidity and supports investments and shareholder distributions. The company also has approximately $624 million of nonrecourse debt due in 2026, but S&P believes there are credible plans to manage those maturities. CBL is concurrently redeploying capital into acquisitions aligned with its investment criteria. The company recently acquired Gateway Mall for $43.5 million, financed in part with a $21.0 million nonrecourse loan, while also entering into an agreement to divest an open-air center at an approximately 8% cap rate, generating net proceeds of $25 million. CBL's operating performance was stable in 2025, with modest growth despite slightly lower occupancy. In 2025, CBL's same-center net operating income (NOI) grew 0.5% year over year. Average rent for comparable new and renewal leases increased 2.6% compared with prior rents across all property types. It had further support from a 2.8% increase in tenant sales per square foot for 2025. The growth offset a decline in portfolio occupancy to 90.0% from 90.3% a year ago. While same-center occupancy for malls, lifestyle centers, and outlet centers remained flat at 88.6%--bankruptcy-related closures of Forever21, JoAnn, Claire's, and Party City reduced mall occupancy by nearly 75 basis points (bps)--leasing momentum persisted with strong demand from new tenants. Given the discretionary nature of CBL's portfolio, S&P believes the company is more vulnerable to shifts in consumer spending and economic downturns, which could make its tenants more susceptible to bankruptcy. S&P said, "We expect key credit metrics to improve modestly in 2026. As of Dec. 31, 2025, fixed-charge coverage was 1.3x compared to 1.2x a year prior. Post-refinancing, we now expect fixed-charge coverage to improve and remain around 1.7x, mainly supported by a large approximately $30 million reduction in principal amortization payments, as well as lower interest expense on the refinanced debt. "Furthermore, as of Dec. 31, 2025, S&P Global Ratings-adjusted debt to EBITDA was 6.5x, down from 6.9x a year prior, due to EBITDA improvement and lower net debt. We project S&P Global Ratings-adjusted debt to EBITDA will remain low- 6x over the next two years, dependent on investment activity. "The stable outlook reflects our expectation that CBL's EBITDA generation will remain relatively stable over the next 12 months, supported by flat same-property NOI and occupancy of high-80% to low-90% area. This will likely modestly improve fixed-charge coverage over the next year as interest rate pressures stabilize. It also reflects our expectation that, given its current level of cash and cash equivalents and the recent refinancing of its term loan, the company will retain adequate liquidity." S&P could lower its rating on CBL if: Its operating performance deteriorates because of negative leasing spreads, declining occupancy, or tenant bankruptcies such that its operating metrics demonstrate significant weakness. Under that scenario, S&P would anticipate a reversal in credit protection measures such that fixed charge coverage is sustained below 1.7x. While unlikely over the next 12 months, it could upgrade its rating on CBL if: -- Operating performance improves such that the mall portfolio occupancy increases and remains in the low-90's; -- S&P Global Ratings-adjusted debt to EBITDA remains below 6.5x with fixed-charge coverage improving above 1.9x; and -- The company further diversifies its capital sources. CHABAD OF GRAMERCY: Seeks to Sell NY Properties at Auction ---------------------------------------------------------- Yann Geron, Chapter 11 Trustee of Chabad of Gramercy Park, seeks permission from the U.S. Bankruptcy Court for the Eastern District of New York, to sell Properties at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's Properties are located at 12 East 13th Street, Unit COM, New York, New York 10003 (12 E 13th); (b) 116-118 West 14th Street, First Floor Unit, New York, New York 10011 (116-118 W 14th); (c) 121 West 19th Street, New York, New York 10011 in the building known as and by The Lion's Head Condominium (121 W 19th); (d) 105-107 East 16th Street, New York, New York 10010 (105-107 E 16th); and (e) Cooperative Interests in the Cooperative Organization known as 40 W. 22nd St. Tenants Cooperative Corp. (40 TCC) pertaining to 45.45 shares of Stock for Unit Gr. Fl in the building located at 40 West 22nd Street, New York, New York 10010. The Trustee and Secured Lender, 40 TCC, jointly seek to sell the Condo Units and the Co-op Interests. Information about the leases and and secured lenders of the Properties is also provided. https://urlcurt.com/u?l=6Uha2N To govern the Auction process, the Trustee and Secured Lender, in consultation with the Broker, developed the Bidding Procedures. Certain of the key terms of the Bidding Procedures, which shall apply to all Potential Bidders, the Qualifying Bidders, the submission, receipt, and analysis of all bids relating to the Sales, and the conduct of the Sales and the Auction. The minimum starting bid for each Property is as follows: a. 12 E 13th: $1,750,000.00 b. 116-118 W 14th: $2,450,000.00 c. 121 W 19th: $4,750,000.00 d. 105-107 E 16th: $2,600,000.00 e. Co-op Interests: $2,600,000.00 Each Potential Bidder shall comply with all reasonable requests for information and due diligence access by the Trustee or his advisors regarding the ability of such Potential Bidder to consummate its contemplated transaction. If no timely Qualifying Bids are received, the Trustee will continue to market such Property or Properties, and conduct a Second Auction with respect to such Property or Properties at a date to be determined. Any successful bid and any back-up bid shall constitute an irrevocable offer and be binding on the successful bidder and the back-up bidder, respectively, from the time the bid is submitted until two business days after the sale has closed. The Trustee and Secured Lender respectfully submit that the timeline set forth in the Bidding Procedures is reasonable and necessary under the circumstances of the Chapter 11 Case. About Chabad of Gramercy Park Chabad of Gramercy Park owns a portfolio of five properties situated across various locations in New York, with a combined estimated value of $13.77 million. Chabad of Gramercy Park sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-40105) on January 8, 2025. In its petition, the Debtor reports total assets of $13,770,000 and total liabilities of 24,715,943. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. Alla Kachan, Esq., at Law Offices of Alla Kachan P.C., represents the Debtor as counsel. CHIA FOOD: Commences Chapter 7 Bankruptcy in New Jersey ------------------------------------------------------- On March 25, 2026, Chia Food Corp filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Chia Food Corp Chia Food Corp is a food industry company engaged in the production, distribution, or sale of food products. Chia Food Corp sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13201) on March 25, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The Honorable Bankruptcy Judge handles the case. The Debtor is represented by David L. Stevens, Esq. of Scura, Wigfield, Heyer & Stevens, LLP. CHURCH OF THE IMMACULATE: Seeks to Extend Plan Exclusivity to Aug. ------------------------------------------------------------------ Church of the Immaculate Heart of Mary asked the U.S. Bankruptcy Court for the Southern District of New York to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Aug. 5 and Oct. 5, 2026, respectively. The Debtor submits that "cause" exists for the Court to extend the Exclusive Period requested in this Motion. Specifically, the following factors all weigh in favor of granting the requested extensions: * Approximately three months have passed since the Petition Date. * Until the general bar date and governmental bar date have been established and passed, the Debtor will not know what claims have been filed. Extension of the Exclusive Period will enable the Debtor to analyze the full universe of claims against the estate prior to proposing a chapter 11 plan. * The Debtor understands that the Ad Hoc Committee has consented to the relief sought in this Motion. * This request for an extension of the Exclusive Period is the Debtor's first such request. * The Debtor is not seeking an extension of its Exclusive Period to exert pressure on any party. * The Debtor is proceeding diligently toward completion of the Chapter 11 Case and will propose a plan as soon as practicable. The Debtor believes that the requested extensions will provide sufficient additional time to allow it to file a confirmable Chapter 11 plan. Church of the Immaculate Heart of Mary is represented by: Sean C. Southard Fred Stevens Lauren C. Kiss Andrew C. Brown KLESTADT WINTERS JURELLER SOUTHARD & STEVENS, LLP 200 West 41st Street, 17th Floor New York, NY 10036 Tel: (212) 972-3000 Fax: (212) 972-2245 Email: ssouthard@klestadt.com fstevens@klestadt.com lkiss@klestadt.com abrown@klestadt.com About the Church of the Immaculate Heart of Mary Church of the Immaculate Heart of Mary is a Roman Catholic parish based in Scarsdale, New York. Church of the Immaculate Heart of Mary sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-23180) on Dec. 8, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Bankruptcy Judge Sean H. Lane handles the case. The Debtor is represented by Lauren Catherine Kiss, Esq. and Sean C. Southard, Esq. of Klestadt Winters Jureller. CIG MM: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------- On March 24, 2026, CIG Mm LLC filed for Chapter 11 protection in the Southern District of New York bankruptcy court. According to court filings, the debtor reports between $1MM - $10MM in debt owed to 1-49 creditors. About CIG Mm LLC CIG Mm LLC operates as a business entity that initiated Chapter 11 proceedings to reorganize its financial structure and liabilities. CIG Mm LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-35306) on March 24, 2026. In its petition, the debtor reports estimated assets ranging from $1MM - $10MM and liabilities in the same range. Honorable Bankruptcy Judge Kyu Young Paek is presiding over the case. The debtor is represented by J. Ted Donovan, Esq. of Goldberg Weprin Finkel Goldstein LLP. CN HOLDINGS: Commences Subchapter V Bankruptcy in Utah ------------------------------------------------------ On March 23, 2026, Cn Holdings, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Utah. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to approximately 1 to 49 creditors. About Cn Holdings, LLC Cn Holdings, LLC is a holding company engaged in managing investments and overseeing affiliated business operations. The company focuses on asset management and strategic investment activities across various sectors. Cn Holdings, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21555) on March 23, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Michael F. Thomson handles the case. The Debtor is represented by Brian M. Rothschild, Esq. of Parsons Behle & Latimer. CONDOMINIUM BOARD: Seeks to Tap Tarter Krinsky & Drogin as Counsel ------------------------------------------------------------------ The Condominium Board of Managers of The Cassa NY seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Tarter Krinsky & Drogin LLP to serve as legal counsel. The firm will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties in these proceedings; (b) negotiate with the Debtor's creditors and, to the extent necessary, the Subchapter V trustee in furtherance of a plan and take the necessary legal steps in order to consummate a plan, including, if need be, negotiations in financing a plan; (c) prepare on behalf of the Debtor and Debtor-in-Possession the necessary applications, answers, orders, reports and other legal papers; (d) appear before the bankruptcy judge and represent and protect the interests of the Debtor in all pending matters; and (e) perform all other legal services for the Debtor and Debtor-in-Possession which may be necessary to preserve and protect the Debtor's business as a properly functioning condominium association. The firm will be paid at these hourly rates: Partners: $600 to $975 Counsel: $425 to $795 Associates: $425 to $575 Paralegals: $300 to $410 TKD 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: Scott S. Markowitz, Esq. Rocco A. Cavaliere, Esq. TARTER KRINSKY & DROGIN LLP 1350 Broadway, 11th Floor New York, NY 10018 Telephone: (212) 216-8000 E-mail: smarkowitz@tarterkrinsky.com rcavaliere@tarterkrinsky.com About The Condominium Board of Managers of The Cassa NY The Condominium Board of Managers of The Cassa NY Condominium sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-10379) on February 24, 2026, with $50,001 to $100,000 in assets and $1 million to $10 million in liabilities. Judge Michael E. Wiles oversees the case. Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin, LLP represents the Debtor as legal counsel. CROWN BOILER: Taps Edward Gavin as Counsel for Asbestos Claimants ----------------------------------------------------------------- Crown Boiler Co., LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Edward T. Gavin, CTP, NCPM as the legal representative for future asbestos claimants. Mr. Gavin shall be appointed as the Future Claimants' Representative, effective as of the petition date, to protect the rights of Future Claimants. Mr. Gavin shall be compensated at the rate of $850 per hour for calendar year 2026. Mr. Gavin assured the court that he is a "disinterested person," as defined in Section 101(14) of the Bankruptcy Code. Mr. Gavin can be reached at: Edward T. Gavin, CTP, NCPM Gavin/Solmonese 1007 Orange Street 4th Floor, Suite 461 Wilmington, DE 19801 Tel: (302) 655-8997 ext. 151 Email: ted.gavin@gavinsolmonese.com About Crown Boiler Co., LLC Crown Boiler Co., incorporated in 1958 and based in Pennsylvania, manufactures and distributes residential and commercial hydronic heating products, including cast iron boilers, oil burners, and operating controls, serving customers across the United States through a network of regional wholesalers. Crown Boiler Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-20515) on February 25, 2026. In its petition, the Debtor reported assets ranging from $10 million to $50 million and estimated liabilities in the same range. The petition was signed by Nick Ribich as vice president and chief financial officer. The Debtor is represented by Salene Kraemer, Esq. at MAZURKRAEMER LAW GROUP. CUMULUS MEDIA: Seeks to Hire Ordinary Course Professionals ---------------------------------------------------------- Cumulus Media Inc., et al., seek approval from the U.S. Bankruptcy Court for the Southern District of Texas 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 OCPs include: AMPLITUDE IP Tier 1 Legal OCP Cap: $50,000 BAKER & HOSTETLER Tier 1 Legal OCP Cap: $50,000 BAKER TILLY ADVISORY GROUP, LP Tier 1 Accounting OCP Cap: $50,000 CONSTANGY, BROOKS, SMITH & PROPHETE LLP Tier 1 Legal OCP Cap: $50,000 DAVIS WRIGHT TREMAINE LLP Tier 1 Legal OCP Cap: $50,000 ERNST & YOUNG US LLP Tier 1 Accounting OCP Cap: $50,000 FOX ROTHSCHILD LLP Tier 1 Legal OCP Cap: $50,000 FREDERIC W. COOK & CO., INC. Tier 1 Consulting OCP Cap: $50,000 GREENBERG TRAURIG, LLP Tier 1 Legal OCP Cap: $50,000 HONIGMAN LLP Tier 1 Legal OCP Cap: $50,000 KING & SPALDING LLP Tier 1 Legal OCP Cap: $50,000 LITTLER MENDELSON P.C. Tier 1 Legal OCP Cap: $50,000 MCANGUS GOUDELOCK & COURIE LLC Tier 1 Legal OCP Cap: $50,000 NIXON PEABODY LLP Tier 1 Legal OCP Cap: $50,000 OGLETREE, DEAKINS, NASH, SMOAK & STEWART Tier 1 Legal OCP Cap: $50,000 RSM US LLP Tier 1 Accounting OCP Cap: $50,000 SCHOEMAN UPDIKE & KAUFMAN LLP Tier 1 Legal OCP Cap: $50,000 WARGO FRENCH SINGER LLP Tier 1 Legal OCP Cap: $50,000 WILEY REIN LLP Tier 1 FCC counsel OCP Cap: $50,000 WILLIAMS & CONNOLLY LLP Tier 1 Legal OCP Cap: $50,000 COOLEY LLP Tier 2 Legal OCP Cap: $100,000 DELOITTE CONSULTING LLP Tier 2 Accounting OCP Cap: $100,000 FLETCHER, HEALD & HILDRETH, P.L.C. Tier 2 FCC counsel OCP Cap: $100,000 KATTEN MUCHIN ROSENMAN LLP Tier 2 Legal OCP Cap: $100,000 LERMAN SENTER PLLC Tier 2 FCC counsel OCP Cap: $100,000 SIDLEY AUSTIN LLP Tier 2 Legal OCP Cap: $100,000 WHITEHEAD MILLER ADVISORS INC Tier 2 Consulting OCP Cap: $100,000 JONES DAY Tier 3 Legal OCP Cap: $250,000 PRICEWATERHOUSECOOPERS, LLP Tier 3 Accounting OCP Cap: $250,000 HOGAN LOVELLS US LLP Tier 4 Legal OCP Cap: $500,000 About Cumulus Media Inc. Cumulus Media is an audio-first media company delivering premium content to a quarter billion people every month -- wherever and whenever they want it. Cumulus Media engages listeners with high-quality local programming through 394 owned-and-operated radio stations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, across more than 7,800 affiliated stations through Westwood One, a leading national audio network; and inspires listeners through the Cumulus Podcast Network, an established and influential platform for original podcasts that are smart, entertaining, and thought-provoking. Cumulus Media provides advertisers with personal connections, local impact, and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. Cumulus Media Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-90346) on March 5, 2026. In the petition signed by Richard Denning, Executive Vice President, Secretary & General Counsel, the Debtor disclosed up to $10 billion in both assets and liabilities. As of Sept. 30, 2025, the Company had $1,078,217,000 in total assets and $1,135,135,000 in total liabilities. Judge Alfredo R. Perez oversees the case. Lawyers at Paul, Weiss, Rifkind, Wharton & Garrison LLP serve as counsel. Porter Hedges LLP, represents the Debtor as local counsel. The Debtors hired as Alvarez & Marsal North America, LLC as restructuring advisor; Moelis & Company as financial advisor; and Kurtzman Carson Consultants, LLC d/b/a Verita Global as claims, noticing, solicitation & certification agent. CYTOSORBENTS CORP: Trims Net Loss to $8.2 Million in 2025 --------------------------------------------------------- CytoSorbents Corp. reported in a Form 10-K filing with the Securities and Exchange Commission that it reduced its net loss to $8.2 million on $37.06 million in revenue for the year ended Dec. 31, 2025, down from a net loss of $20.72 million on $35.6 million in revenue the previous year. In its March 29, 2026 audit report, WithumSmith+Brown, PC, noted a going concern issue, pointing to recurring losses, negative operating cash flows and an accumulated deficit that cast doubt on the company's ability to continue operating. The company explained that its losses came largely from research and development of its polymer technology, clinical studies and general administrative costs. CytoSorbents aims to reach breakeven by boosting sales, launching new products, securing additional regulatory approvals, improving manufacturing efficiency, and cutting costs. As of Dec. 31, 2025, the company had an accumulated deficit of roughly $312.2 million. Current assets stood at $20.6 million, current liabilities at $9.7 million, and cash and cash equivalents at $7.8 million, which includes $1.5 million in restricted cash. Total assets were $44.18 million, total liabilities $38.28 million, and stockholders' equity $5.9 million. Cash used in operating and investing activities, or cash burn, came to $12.8 million in 2025. CytoSorbents noted that it may require additional financing, whether through equity, debt, asset sales or other sources, and cautioned that new equity could dilute shareholders' stakes. Looking ahead, the company said that future capital needs will depend on customer expansion, sales-force growth, regulatory approvals, and the U.S. launch of DrugSorb-ATR, which could help it qualify for extra funding under its Amended Avenue Capital commitment. If financing falls short, the company may need to slow expansion, delay regulatory approvals, or reduce headcount. A full-text copy of the Form 10-K is available for free at: https://www.sec.gov/Archives/edgar/data/1175151/000110465926036451/ctso-20251231x10k.htm About CytoSorbents Based in Princeton, New Jersey, CytoSorbents Corp. develops and markets blood purification technologies for intensive care and cardiac surgery. Its proprietary adsorbent, porous polymer platform is deployed through U.S. and international subsidiaries, including operations in New Jersey, Berlin, India, and Dubai, supporting research, development, and commercialization of its medical devices. DAY TRANSLATIONS: Gets Court OK to Pay Affiliate Officer's Salary ----------------------------------------------------------------- Judge Roberta A. Colton of the U.S. Bankruptcy Court for the Middle District of Florida granted Day Translations Inc.'s Motion for Entry of an Order Authorizing and Approving Affiliate Officer's Salary. The Motion is granted on an interim basis pending a further hearing to be conducted by the Court on May 7, 2026 at 10:00 a.m. The Debtor is authorized to pay the Officer's bi-weekly salary of $2,606 gross pay, which includes approximately $606 in withholdings. The Debtor is also authorized to make payments for Officer's health insurance and to reimburse the Officer for reasonable business expenses as described in the motion. The relief provided in this Order is conditioned upon the Debtor having sufficient cash remaining after the payment of current operating expenses. In the event the Debtor is not able to pay the Officer, such payment shall not automatically accrue as an administrative expense. A copy of the Court's Order dated March 24, 2026, is available at https://urlcurt.com/u?l=JKWdOv from PacerMonitor.com. About Day Translations Inc. Day Translations, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00386) on January 19, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Matthew B. Hale, Esq., at Stichter, Riedel, Blain & Postler, represents the Debtor as legal counsel. DBMP LLC: Court Rules on Privilege Motion in Asbestos Litigation ---------------------------------------------------------------- Judge Ashley Austin Edwards of the U.S. Bankruptcy Court for the Western District of North Carolina entered an order partially granting and sustaining and partially denying plaintiffs' privilege motion and defendants' objection in the following adversary cases: 1. OFFICIAL COMMITTEE OF ASBESTOS PERSONAL INJURY CLAIMANTS, and SANDER L. ESSERMAN, in his capacity as Legal Representative for Future Asbestos Claimants, Plaintiffs, v. DBMP LLC and CERTAINTEED LLC, Defendants, Adv. Proc. No. 21-03023; 2. OFFICIAL COMMITTEE OF ASBESTOS PERSONAL INJURY CLAIMANTS, and SANDER L. ESSERMAN, in his capacity as Legal Representative for Future Asbestos Claimants, each on behalf of the estate of DBMP LLC, Plaintiffs, v. CERTAINTEED LLC, CERTAINTEED HOLDING CORPORATION, and SAINT-GOBAIN CORPORATION, Defendants, Adv. Proc. No. 22-03000; and 3. OFFICIAL COMMITTEE OF ASBESTOS PERSONAL INJURY CLAIMANTS, and SANDER L. ESSERMAN, in his capacity as Legal Representative for Future Asbestos Claimants, each on behalf of the estate of DBMP LLC, Plaintiffs, v. COMPAGNIE DE SAINT-GOBAIN S.A., SAINT-GOBAIN CORPORATION, SAINT-GOBAIN DELAWARE CORPORATION, CERTAINTEED LLC, CERTAINTEED HOLDING CORPORATION, JOSEPH BONDI, SEAN KNAPP, LAWRENCE RAYBURN, MICHAEL STARCZEWSKI, VINCENT DINENNA, ROBERT PANARO, DONALD MELROY, PIERRE-ANDRE DE CHALENDAR, BENOIT BAZIN, ANTOINE VIGNIAL, HUBERT REICHARDT, DANIEL BIARNEIX, SREEDHAR NATARAJAN, GUILLAUME TEXIER, THOMAS KINISKY, CAROL GRAY, JOHN SWEENEY, ERIC PLACIDET, MARK RAYFIELD, and KEITH CAMPBELL, Defendants, Adv. Proc. No. 22-03001. This matter is before the Court upon the (1) Motion of the Official Committee of Asbestos Personal Injury Claimants and the Future Claimants' Representative to Compel Discovery Pursuant to the Crime-Fraud Exception and / or Waiver of the Attorney Client Privilege and Work Product Protection (the "Privilege Motion"), filed on August 23, 2021,by the Official Committee of Asbestos Personal Injury Claimants (the "ACC") and Sander L. Esserman, the legal representative for future asbestos-related personal injury claimants (the "FCR," and, together with the ACC, the "Plaintiffs"); (2) the Discovery Referee Report and Recommendation No. 1 (the "First Report"), filed on February 16, 2023, by Judge Forrest 'Don' Bridges (the "Referee"), the Court-appointed discovery referee in the active proceedings, and making various recommendations as to the Privilege Motion, and the Final Discovery Referee Report and Recommendation [Redacted] (the "Final Report," which, together with the First Report, the "Reports"), filed by the Referee on April 24, 2025, and making various further recommendations; and (3) the Objection to Referee Reports and Recommendations (the "Defendants Objection"), filed by the Defendants on July 25, 2025, and objecting to the Reports. The Privilege Motion seeks compelled disclosure of various materials and testimony withheld for discovery in these proceedings by the Defendants on the basis of privilege. The Privilege Motion seeks such disclosure on the basis that any privilege protections do not exist either because: (1) the communications suffice for the crime-fraud exception to apply, and/or (2) the Defendants have committed an at-issue waiver. The Court will grant the Privilege Motion and sustain the Objection in part, and deny them each in part. As to the Privilege Motion's second basis for compelled disclosure, the Court finds that a limited at-issue waiver occurred. As to the Privilege Motion's first basis, the crime-fraud exception, the Court provides guidance but ultimately declines to decide the question at this time. Additionally, the Court finds that: (1) privilege was waived as to certain materials due to draft waiver, and (2) certain other materials and testimony are simply not protected by attorney-client privilege. Specifically, with respect to the 3,091 Documents that the Defendants continue to wholly block disclosure on the basis of attorney-client privilege, the Court has reviewed each document in camera and determined that 2,518 of the Documents are privileged and that such privilege has not been waived. The remaining 573 of the Documents are subject to disclosure, in whole or in part, because the materials are not privileged or because privilege has been waived. As to the one hundred and forty-three Deposition Objections, the Defendants has withdrawn forty-one of the objections and the Court overrules an additional thirty-two, requiring the Depositions be reconvened for testimony on these seventy-three questions consistent with this order. A copy of the Court's Order dated March 16, 2026, is available at https://urlcurt.com/u?l=dSS1sz About DBMP LLC DBMP, LLC is a North Carolina limited liability company and the direct parent company of Millwork & Panel LLC, which manufactures vinyl siding and polyvinyl chloride (PVC) trim products for the construction market at facilities it owns in Claremont, N.C. and Social Circle, Ga. It is a defendant in tens of thousands of asbestos-related lawsuits pending in courts throughout the United States. DBMP sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 20-30080) on Jan. 23, 2020. At the time of the filing, the Debtor disclosed assets of between $500 million and $1 billion and liabilities of the same range. Judge J. Craig Whitley presides over the case. The Debtor tapped Jones Day as bankruptcy counsel; Bates White LLC as consultant; Robinson, Bradshaw & Hinson, P.A. and Schiff Hardin LLP as special counsel; and Epiq Corporate Restructuring, LLC as claims, noticing and balloting agent. The Debtor also tapped Donlin, Recano and Company, Inc., to oversee the submission of personal injury questionnaires by claimants. The official committee of asbestos personal injury claimants appointed in the Debtor's case tapped Robinson & Cole, LLP and Caplin & Drysdale, Chartered as its bankruptcy counsel. Hamilton Stephens Steele Martin, PLLC is the committee's local counsel. The court approved the appointment of Sander L. Esserman as the future claimants' representative in the Debtor's case. Mr. Esserman tapped Young Conaway Stargatt & Taylor, LLP and Stutzman, Bromberg, Esserman & Plifka, a Professional Corporation, as his bankruptcy counsel. Alexander Ricks PLLC is the FCR's North Carolina counsel. Forrest Bridges is appointed as the discovery referee in this Chapter 11 case. Adam Steele, a lawyer practicing in North Carolina, is tapped as his research assistant. DIOCESE OF ALBANY: Reaches $148MM Ch. 11 Deal w/ Abuse Claimants ---------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports the Roman Catholic Diocese of Albany, New York, has reached a $148 million settlement with a committee representing sexual abuse survivors in its Chapter 11 proceedings, advancing efforts to resolve numerous claims. The agreement outlines a framework for compensating victims through the bankruptcy case. In filings, the parties indicated that the settlement would be funded through a combination of diocesan resources and related contributions, with proceeds directed into a compensation trust. The arrangement is designed to streamline the claims resolution process. The diocese plans to present the settlement for court approval as part of its restructuring plan. If approved, the agreement would address a significant portion of the pending claims and help move the case toward confirmation, according to Law360. About Roman Catholic Diocese of Albany, New York The Roman Catholic Diocese of Albany is a religious organization in Albany, N.Y. It covers 13 counties in Eastern New York, including a portion of the 14th county. Its Mother Church is the Cathedral of the Immaculate Conception in the city of Albany. New York's Child Victims Act, which took effect in August 2019, temporarily sets aside the usual statute of limitations for lawsuits to give victims of childhood sexual abuse a year to pursue even decades-old claims. Hundreds of new lawsuits have been filed against churches and other institutions since the law took effect on Aug. 14, 2019. Facing the financial weight of new sexual misconduct lawsuits, at least four of the eight Roman Catholic dioceses in the state, has already sought Chapter 11 protection. The dioceses that have declared bankruptcy include the Diocese of Rochester and the Diocese of Rockville Centre on Long Island. The Catholic Diocese of Albany sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-10244) on March 15, 2023. In the petition filed by Fr. Robert P. Longobucco, the Debtor estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million. Judge Robert E. Littlefield, Jr. oversees the case. The Debtor tapped Nolan Heller Kauffman, LLP as bankruptcy counsel; Tobin and Dempf, LLP as special litigation counsel; Keegan Linscott & Associates, PC as financial advisor; and Bonadio & Co., LLP as accountant. Donlin, Recano & Company, Inc. is the claims and noticing agent. On April 17, 2023, the U.S. Trustee for Region 2 appointed two separate committees to represent unsecured creditors and tort claimants in the Debtor's Chapter 11 case. The unsecured creditors' committee tapped Lemery Greisler, LLC as legal counsel; Dundon Advisors, LLC as financial advisor; and OneDigital Investment Advisors, LLC as special investment consultant. Stinson, LLP and OneDigital Investment Advisors serve as the tort committee's legal counsel and special investment consultant, respectively. DWAYNE A. JONES: Craig Geno Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 8 appointed Craig Geno, Esq., at the Law Offices of Craig M. Geno, PLLC, as Subchapter V trustee for Dwayne A. Jones Construction Company, LLC. Mr. Geno 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. Geno declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Craig M. Geno, Esq. Law Offices of Craig M. Geno, PLLC 587 Highland Colony Parkway Ridgeland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com About Dwayne A. Jones Construction Company LLC Dwayne A. Jones Construction Company LLC, led by founder Dwayne A. Jones, provides residential construction and development services, specializing in tiny homes, studio apartments, and community-focused projects, including affordable housing and mission-driven builds, with additional ventures in media and educational outreach. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-21534) on March 17, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Dwayne A. Jones, managing member, signed the petition. Judge M Ruthie Hagan presides over the case. Toni Campbell Parker, Esq., at the Law Firm of Toni Campbell Parker represents the Debtor as legal counsel. ECHO GLOBAL: S&P Affirms 'B-' ICR on ITS Acquisition, Outlook Pos. ------------------------------------------------------------------ S&P Global Ratings affirmed its 'B-' issuer credit rating on Echo Global Logistics Inc. and 'B-' issue-level ratings on its senior secured debt while assigning its 'B-' issue-level ratings on the new facilities; the recovery rating remains '3', reflecting meaningful recovery (50%-70%; rounded estimate: 55%) in a hypothetical default scenario. The positive outlook reflects S&P's expectation that revenue growth at stand-alone Echo and contributions from ITS' higher-margin drop-trailer segment will lead to leverage in the low-6x area and funds from operations (FFO) to debt of 8.0%-8.5% over the next 12 months. Echo has entered into a definitive agreement to acquire ITS Logistics using $737 million of equity and a $780 million incremental term loan, some of which it will use to repay $195 million of existing debt. It is also upsizing its revolving credit facility to $250 million (from $100 million). S&P said, "We believe the acquisition will slightly improve its credit metrics based on ITS' EBITDA contribution (and a somewhat favorable funding mix in our opinion), offsetting Echo's slightly weaker-than-expected recent performance. "We believe S&P Global Ratings-adjusted debt to EBITDA will reach the low-6x area over the next 12 months. Echo is raising $585 million of incremental net debt to fund the $1.3 billion acquisition price of ITS. We estimate 2025 pro forma leverage (inclusive of ITS) at approximately 6.8x, compared with stand-alone Echo leverage of about 7.1x. We expect the combined company's leverage to improve to the low-6x area in 2026 (we expected stand-alone Echo to be in the high-6x area in 2026), benefiting from recent business wins at ITS and the full-year contribution from Echo's August 2025 acquisition of Freightsaver. "We maintain a cautious view of ITS because a majority of revenue is exposed to consumer-related end markets (40% e-commerce and 23% consumer and retail). We also believe the current financing structure (with a favorable equity financing mix) contributes to the accelerated improved leverage forecast for Echo over the next 12 months, though it could be susceptible to a dividend recap. "Lastly, we still expect Echo's financial policy will include opportunistic acquisitions. Though we do not incorporate future acquisitions into our base-case assumptions, given the financial-sponsor ownership of the company we expect Echo will continue to opportunistically deploy cash and could increase leverage to pursue acquisitions in the future." This could prevent leverage from improving in the near term, even if operations improve beyond current expectations over the next few years. ITS adds adjacent capabilities and scale to Echo. The acquisition will increase Echo's freight brokering revenue segment to about $3.9 billion (from existing $2.7 billion), growing the company's scale in the fragmented U.S. truck brokerage industry, solidifying its position as one of the larger providers of brokered freight in the truckload and less-than-truckload sub-segments. The revenue increase includes $900 million from the higher-margin (30% higher gross margin per load compared with traditional freight brokering) and faster-growing drop-trailer capabilities through ITS' owned/leased pool of 5,000 trailers. The transaction will also add about $114 million of S&P Global Ratings-adjusted EBITDA to Echo's operations, meaningfully expanding the company's pre-acquisition S&P Global Ratings-adjusted EBITDA estimated at about $133 million for 2025. S&P believe sITS' high-touch, supply chain-integrated characteristics will moderately strengthen Echo's competitive position. Echo will get to diversify its customer end market from ITS' large high-volume e-commerce and Consumer & Retail segments, in contrast to Echo's small and medium customers in the Manufacturing and Wholesale segments having transactional live-freight shipping requirements. The integration could lead to cross-selling opportunities, with Echo enhancing ITS' operations by incorporating the latter's traditional offerings into its proprietary technology platform and broadening ITS' footprint through its expanding cross-border capabilities, while also leveraging ITS' expertise to introduce drop-trailer services to its existing customer base. However, S&P does not expect these to be significant during the first 12 months of combined operations. S&P said, "We now estimate Echo's free cash flow generation will meaningfully improve post-acquisition despite expected subdued freight market conditions for 2026 and no meaningful change in Echo's stand-alone financial performance. Our previous estimates contemplated a reported free cash flow deficit of approximately $10 million in 2026, which had the potential to modestly weaken Echo's liquidity. "While our updated projections for the core operations remain broadly unchanged, reflecting weak freight market conditions expected to persist through most of 2026, we now anticipate incremental profitability from ITS will provide a meaningful uplift. After factoring in the higher financing costs associated with incremental net debt and capital expenditures related to ITS, as well as the refinancing of Echo's $135 million higher-cost second-lien term loan with lower-cost first-lien debt, we expect approximately $40 million of incremental free cash flow generation. Accordingly, we project full-year pro forma reported free cash flow of approximately $30 million in 2026, increasing to about $50 million in 2027. "The positive outlook reflects our expectation that revenue growth at stand-alone Echo and contributions from ITS' higher-margin drop-trailer segment will lead to leverage in the low-6x area and FFO to debt of 8.0%-8.5% over the next 12 months." S&P could revise the outlook on Echo to stable if: -- It is unable to sustain incremental revenue and profitability contribution from recent business wins or freight market conditions weaken further from current levels whereby it is unable to achieve our forecast; or -- It engages in debt-funded acquisitions or dividends such that S&P no longer expects it can sustain leverage below 6.5x or FFO in the high-single-digit percent area in the next 12 months. S&P said, "We could raise our ratings on Echo if earnings growth leads to leverage declining modestly below 6.5x in 2026 and FFO to debt improving into the high-single-digit percent area on a sustained basis. Under such conditions, we would also need to believe the company and its sponsors are committed to maintaining the ratios at these improved levels." ECOSYSTEM RENEWAL: Seeks to Hire Exit Strategy USA as Advisor ------------------------------------------------------------- Ecosystem Renewal, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to employ Daryl Schouest of Exit Strategy USA to provide financial and business advice. Mr. Schouest's anticipated services include: a. Officer. In connection with the engagement, Mr. Schouest will serve in the role of CRO for the Debtor. The CRO shall devote such time to the performance of his services thereunder, including onsite involvement at the Debtor's office in, Louisiana (the "Facility"), as he determines appropriate to perform the Services. Mr. Schouest, as CRO, is a party in interest as contemplated under Bankruptcy Code section 1109(b) and shall be authorized to raise questions, appear and be heard on any issue in this chapter 11 case. b. Duties. Subject to his business judgment and fiduciary responsibilities and with the assistance of the Debtors' other executive officers, the CRO: i. Will assume a lead management position in guiding the Debtor through their reorganization efforts and the evaluation, development, negotiation and implementation of such restructuring efforts (the "Reorganization Efforts"); ii. Will determine the retention and use of other restructuring-related professionals in the cases, subject to orders of this Court; and iii. Will have authority to evaluate, implement and manage cost reduction measures, operational improvement, and capital structure optimization measures necessary to preserve and maximize the value and efficiency of the Debtor. c. Responsibilities. Subject to applicable bylaws, corporate governance processes, required outside approval and with the assistance of the CEO and the Debtor's other executive officers, the CRO will have primary responsibility for the following Reorganization Efforts (to include but not be limited to): (i) make restructuring process decisions; (ii) potential sales of the Debtor's assets; (iii) negotiations with stakeholders and counterparties; (iv) the review and development of any material drafted for consumption outside the Debtor; (v) assistance in developing and evaluating the Debtor's business plan, and the preparation of a revised operating plan and cash flow forecasts; (vi) approval of any new expenditures or cash payments; (vii) management of the financial and operational reporting processes to all constituents; (viii) make business and financial decisions with respect to any Debtor-in-Possession financing sought or put in place; (ix) make decisions with respect to the Debtor's day to day operations; (x) engagement in day-to-day normal business operations; (xi) provide assistance with pleadings, Debtor's Schedules of Assets and Liabilities, Statements of Financial Affairs, DIP budgets and cash flow forecasts; (xii) in general, assist the Debtors in the preparation of ongoing documents and disclosures required by the Court subsequent to the Chapter 11 bankruptcy filing, including, but not limited to, Monthly Operating Reports, compliance reporting, periodic budgets, and other disclosure documents required by the Court or the Debtors' stakeholders from time to time; (xiii) make decisions with respect to all professionals engaged by, strategies developed, and activities taken by the Debtors related to the Reorganization Efforts; (xiv) other services and activities as mutually agreed by the Debtor's Board and the CRO to the extent not be duplicative of services provided by other professionals. Mr. Schouest will charge $200 per hour for his services. He received a retainer of $3,500 initially. Daryl Schouest, consultant with Exit Strategy USA, 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: Paul Daryl Schouest Don Juan Enterprises, LLC dba Exit Strategy USA 4457 Hwy 31 Opelousas, LA 70570 About Ecosystem Renewal LLC Ecosystem Renewal LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-50182) on March 6, 2026, listing under $1 million in both assets and liabilities. Judge John W. Kolwe oversees the case. H. Kent Aguillard, Esq., and Caleb K. Aguillard, Esq., serve as the Debtor's counsel. EDDIE BAUER: To Boost Unsecured Creditor Fund to $3MM ----------------------------------------------------- Ben Zigterman of Law360 reports that The operator of Eddie Bauer retail stores announced Friday, March 27, 2026, that it will boost the pool available to unsecured creditors in its Chapter 11 plan from $250,000 to as much as $3 million following a newly reached settlement. The agreement is expected to materially improve recoveries for creditors. In its filings, the debtor said the updated plan terms stem from negotiations that unlocked additional funds for distribution. The company noted that the enhanced contribution aims to resolve objections and build broader creditor backing for the restructuring. With the revised proposal, the debtor plans to move forward with confirmation proceedings, emphasizing that the increased funding strengthens the plan's viability. The change underscores progress in resolving disputes that had previously limited creditor recoveries, Law360 reports. About Eddie Bauer LLC Eddie Bauer is an outdoor apparel brand was founded in Seattle in 1920 and has built a reputation around clothing and gear for hiking, travel, and outdoor recreation. It sells outdoor apparel, footwear, and equipment designed for travel and adventure. The company currently reports operating over 250 locations throughout North America. Eddie Bauer LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11422) on February 9, 2026. In its petition, the Debtor reports Honorable Bankruptcy Judge Stacey L. Meisel handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. EL DORADO GAS: Defendants Get Extension to Reply to Complaint ------------------------------------------------------------- Judge Jamie A. Wilson of the U.S. Bankruptcy Court for the Southern District of Mississippi granted the motion filed by Bill D. Buffington, Cottonwood Recreation Land, Inc. and GS Holdings, Inc. for additional time within which to respond to the complaint captioned as EL DORADO GAS & OIL, INC. A/K/A EL DORADO OIL & GAS, INC., AND WORLD AG INVESTMENT, INC., PLAINTIFFS v. BILL D. BUFFINGTON, COTTONWOOD RECREATION LAND, INC. AND GS HOLDINGS, INC., DEFENDANT, ADV. PROC. NO. 26-06007-JAW (Bankr. S.D. Miss.). The time for the Defendants to answer the complaint is extended for an additional 20 days the date of this Order. A copy of the Court's Order dated March 19, 2026, is available at https://urlcurt.com/u?l=cVOIBu from PacerMonitor.com. About El Dorado Gas & Oil Inc. and Hugoton Operating Company Hugoton and El Dorado are both Arkansas corporations engaged in the exploration, production, and development of crude oil and natural gas properties. El Dorado is a lease holder and operator of oil and gas wells covering about 4,000 net acres in South Texas. El Dorado also owns a substantial amount of oil field equipment and owns real estate in multiple locations and states. Hugoton also owns oil and gas interests and operates wells in South Texas. Hugoton Operating Company, Inc. filed a voluntary Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51139) on Aug. 14, 2023. El Dorado Gas & Oil, Inc., a company in Gulfport, Miss., filed Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51715) on Dec. 22, 2023, with $500 million to $1 billion in assets and $50 million to $100 million in liabilities. Thomas L. Swarek, president, signed the petition. Judge Jamie A. Wilson oversees the cases. Patrick Sheehan, Esq., at Sheehan & Ramsey, PLLC, is counsel to Debtor Bluestone Natural Resources II-South Texas, LLC and World Aircraft, Inc. R. Michael Bolen, Esq., at Hood & Bolen, PLLC; and Nancy Ribaudo, Esq., Katherine Hopkins, Esq., and Joseph Austin, Esq., at Kelly Hart & Hallman LLP, serve as counsel to Dawn Ragan, Chapter 11 Trustee for El Dorado Gas & Oil, Inc. and Hugoton Operating Company, Inc. ELITE LIFE: Steven Altmann Named Subchapter V Trustee ----------------------------------------------------- The U.S. Bankruptcy Administrator for the Northern District of Alabama appointed Steven Altmann, Esq., at Nomberg Law Firm as Subchapter V trustee for Elite Life Healthcare, LLC. Mr. Altmann 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. Altmann declared that he does not have an interest materially adverse to the interest of the Debtor's estate, creditors or equity security holders. The Subchapter V trustee can be reached through: The Nomberg Law Firm 3940 Montclair Rd, Suite 401 Birmingham, AL 35213 Phone: (205) 346-6023 / (205) 930-6900 steve@nomberglaw.com About Elite Life Healthcare LLC Elite Life Healthcare, LLC is a healthcare services company that provides patient care and related medical support services, operating as a small-scale provider within the healthcare sector. Elite Life Healthcare, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00993) on March 17, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities within the same range. Honorable Bankruptcy Judge Not Yet Disclosed handles the case. The Debtor is represented by Robert C. Keller, Esq. of Russo, White & Keller. ENTERPRISE MANAGEMENT: Case Summary & Six Unsecured Creditors ------------------------------------------------------------- Debtor: Enterprise Management Group, Inc. d/b/a Enterprise Management Group, Corp. 950 Meetinghouse Road Jenkintown, PA 19046 Business Description: Enterprise Management Group, Inc. owns and manages a portfolio of mixed-use and residential properties in Pennsylvania, with holdings that include 6728-30 Old York Road in Philadelphia, where the ground floor is leased to a restaurant and the upper two floors contain two residential apartments, as well as 900-906 Greenwood Avenue in Jenkintown, consisting of six units operated as short-term rentals via Airbnb. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Eastern District of Pennsylvania Case No.: 26-11285 Judge: Hon. Derek J. Baker Debtor's Counsel: William D. Schroeder, Jr., Esq. WILLIAM D. SCHROEDER, JR. 920 Lenmar Drive Blue Bell, PA 19422 Tel: (215) 822-2728 E-mail: schroeder@jrlaw.org Total Assets: $1,443,000 Total Liabilities: $3,775,000 The petition was signed by Jesse LeSuer as president. 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/NJKYDGA/Enerprise_Management_Group_Inc__paebke-26-11285__0001.0.pdf?mcid=tGE4TAMA ERB INVESTMENTS: Seeks Chapter 7 Bankruptcy in California --------------------------------------------------------- On March 23, 2026, ERB Investments Inc. filed for Chapter 7 protection in the Eastern 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 ERB Investments Inc. ERB Investments Inc. is a privately held investment company with operations in California, focusing on diversified financial and real estate investments. ERB Investments Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21563) on March 23, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities in the range of $1 million to $10 million. F & B NEGOTIATIONS: To Sell Sarasota Property to Xander Family -------------------------------------------------------------- F & B Negotiations LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor holds legal title to a condominium which is located in Sarasota, Florida, at 770 S. Palm Avenue, Unit 1201. The Property has been the subject of considerable litigation within this bankruptcy proceeding, and in the state courts of Florida. After several judicial settlement conferences, a settlement agreement was reached among the parties involved in the various disputes regarding the Property. Subsequently, there were two addendums to the Agreement which impacted only the Debtor and Sirs Capital, LLC. Pursuant to the Agreement and the Addendums, the Debtor proposes to sell the Property free of all liens, claims, encumbrances, pledges, security interests, or other interests, out of ordinary course of business. The proposed sale is a private sale wherein the Debtor and all the parties with claims against the Property propose to transfer their interests in the Property to the Xander Family Trust - George L. Xanders, III, Trustee, and Ann L. Xanders, Trustee, (Buyer) pursuant to the terms of the Purchase Agreement. The purchase price set forth in the Purchase Agreement is $695,000.00 for the Property, with $35,000.00 paid as earnest money deposit and the remaining balance to be paid in cash at closing. The proposed purchase price is for a greater amount than the aggregate value of all liens on the Property, and in addition, the proceeds of sale will permit the administrative expense claim of Kathleen L. DiSanto, the Subchapter V Trustee, to to be paid. The Debtor believes that the price for the Property is fair and reasonable and is consented to by the equity security holders of the Debtor. Upon closing the Net Proceeds of the sale shall be distributed strictly in accordance with the Global Settlement Agreement, and the Addendums, which mandate the following division: a. $300,000.00 to LHhome b. $82,500 to Guarantor (Vicki Fernandez) c. $25,000.00 to the Foldes Heirs d. $20,000.00 to the Embassy House Association e. $5,423.11 to Kathleen L. DiSanto, Subchapter V Trustee f. $1,199.00 to Benjamin G. Martin, Attorney for Debtor g. The remainder of the Net Proceeds to Sirs Capital, LLC. The Debtor, in the sound mind of its business judgment, has concluded that the sale of the Property to the Xanders Family Trust presents the best option for maximizing the value of Debtor's estate for its creditors and equity interest holders. The Debtor has marketed the Property for a substantial length of time pre-petition and continued that marketing post-petition. The Debtor requests that the Order approving the sale find that if the sale successfully closes, that the Xander Family Trust is a good faith purchaser entitled to the protections. About F & B Negotiations F & B Negotiations, LLC, a company in Lakewood Ranch, Fla., filedChapter 11 petition (Bankr. M.D. Fla. Case No. 23-01532) on April19, 2023, with as much as $1 million to $10 million in both assets and liabilities. David Fernandez, managing member, signed the petition. Judge Roberta A. Colton oversees the case. The Law Offices of Benjamin Martin serves as the Debtor's bankruptcy counsel. FASHIONABLE INC: Clothing Business Sale to Retention Brands OK'd ---------------------------------------------------------------- FashionABLE, Inc. seeks permission from the U.S. Bankruptcy Court for the Middle District of Tennessee, Nashville Division, to sell substantially all operating Assets, free and clear of liens, claims, interests, and encumbrances. The Debtor has endeavored to operate business‑as‑usual to the extent practicable; however, sell‑through has outpaced inbound inventory and the business is running short of product in key categories. Management has pursued, but not obtained, new money financing or a third‑party investment and therefore cannot sustain pre‑petition operating levels without additional capital. The Debtor reduced its staff by eliminating redundant and unnecessary positions. The Debtor also assumed its Nashville retail lease on modified cure terms to support continued storefront operations. The Debtor's management has continued discussions with potential investors and/or purchasers. One of the parties that the Debtor has been in continued contact with, Retention Brands, has submitted a Letter of Intent (LOI) setting forth the terms on which it is willing to acquire substantially all of the Debtor's operating assets. The LOI calls for a purchase price of not less than $325,000 (Stalking Horse Bid). The Debtor's Assets include, but are not limited to, certain of the Debtor's rights to leased property, accounts receivable, furniture, fixtures and equipment, certain leases and contracts, intellectual property, inventory, goodwill and general intangibles, and other tangible personal property. In accordance with the Bidding Procedures in the Bidding Procedures Order, the Debtors identified the highest and best and therefore, the successful bidder as the stalking horse bidder, Retention Brands Able LLC, as assignee of Retention Brands, LLC for the Assets. The Court has authorized the Debtor to sell the Property to Retention Brands Able LLC and the Asset Purchase Agreement and the terms an conditions are approved. The Auction and Sale Notice also indicated the proposed deadline for objecting to the Sale to the Buyer and the anticipated date and time of the Sale Hearing and provided notice that the Debtor will seek to assume and assign certain executory contracts to be identified in accordance with the Assumption and Assignment Procedures at the Sale Hearing. The Debtor provided due and adequate notice to the parties to the contracts sought to be assumed by the Buyer. The Asset Purchase Agreement and other documents and instruments related to and connected with the Sale were all negotiated and entered into after arms' length, good faith negotiations between Debtor, the Buyer, and their respective counsel and advisors, and without collusion. The Buyer complied with all of the provisions in the Bid Procedures Order, and in proceeding with the Sale, the Buyer did nothing to interfere with the Debtor's ability to seek higher and better offers for the Assets. The Debtor solicited offers and noticed the Sale in accordance with the provisions of the Bidding Procedures Order. The sale process was conducted in a non-collusive manner, and the Debtor afforded a full, fair, and reasonable opportunity for any person or entity to make a higher or otherwise better offer to purchase all or a portion of the Assets. The Debtor has demonstrated compelling circumstances and a good, sufficient, and sound business purpose and justification for the Sale outside of a plan of reorganization. CFT Clear Finance Technology Corp. shall receive a payment of $20,000 at closing in exchange for the release of its lien on the Assets. he Debtor shall be authorized to pay a total of $35,500 to Pixior, LLC, a California limited liability company, from the proceeds of the Sale to obtain the release of all liens on inventory currently held by the Debtor’s third party logistics company for unpaid postpetition invoices totaling $95,646.15, pursuant to agreement between the Debtor and Pixior. About Fashionable Inc. Fashionable, Inc., doing business as ABLE, is a Nashville-based women's clothing and accessories brand offering a thoughtfully curated range of apparel, leather goods, jewelry, and footwear. Fashionable sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-01501) on April 8, 2025, listing between $1 million and $10 million in both assets and liabilities. Misti Blasko, chief executive officer of fashionable, signed the petition. Judge Randal S. Mashburn oversees the case. R. Alex Payne, Esq., at Dunham Hildebrand Payne Waldron, PLLC is the Debtor's legal counsel. FAT BRANDS: Committee Taps BDO USA PC as Tax Services Provider -------------------------------------------------------------- The official committee of unsecured creditors of Fat Brands Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ BDO USA, P.C. as their tax services provider. The firm will render these services: a. Tax Advisory Services i. calculate gain/loss for Debtors' potential or contemplated sales/divestiture of stock, assets, franchise agreements, etc.; ii. provide sell-side due diligence; iii. review and comment on transaction related documents; iv. if necessary, prepare a structure or transaction with Debtors' creditors to qualify as a reorganization under the Bankruptcy Code; v. determine Debtors' tax attributes; vi. determine amount of cancellation of indebtedness income ("CODI") and/or gain related to forgiveness of the Debtors' obligations; vii. determine Debtors' tax basis in its stock and assets; viii. determine impact of settling intercompany balances; ix. identify and mitigate impact of triggering excess loss accounts; x. identify and quantify positions taken on priority period tax returns; xi. advise Debtors on tax deductibility of transaction costs; xii. quantify real estate transfer taxes (if any) applicable to a sale transaction and advise on mitigation strategies; and xiii. and related tax advisory matters, as requested by the Debtors (together, the "Tax Advisory Services"). b. Tax Compliance Services i. prepare certain tax returns for the tax year ended December 31, 2025, and other related tax preparation services (the "Tax Compliance Services" and, together with the Tax Advisory Services, the "Services"). The firm's standard hourly rates are: Principals/Managing Director $725 to $1,150 Director $650 to $850 Manager $550 to $750 Seniors $375 to $625 Associates $175 to $375 The firm will seek reimbursement of out-of-pocket expenses. BDO USA is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Kevin Wilkes BDO USA, P.C. 200 Ottawa Ave NW Ste 300 Grand Rapids, MI, 49503-2426 Tel: (616) 774-7000 Fax: (616) 776-3680 About Fat Brands Inc. FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Café & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses. FAT Brands franchises and owns over 2,200 units worldwide. Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on Jan. 26, 2026. In its petition, Fat Brands listed estimated assets and liabilities more than $1 billion. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as legal counsel to the Company. GLC Advisors & Co., LLC is serving as investment banker, and Huron Consulting Services LLC is serving as financial advisor. Omni Agent Solutions, Inc., is serving as claims, noticing and solicitation agent. White & Case LLP is representing the Ad Hoc Group of Securitization Noteholders. Greenberg Traurig, LLP represents UMB Bank, National Association, solely in its capacity as Trustee to certain series of notes. FAT BRANDS: Taps Pachulski Stang Ziehl & Jones as Mediation Counsel ------------------------------------------------------------------- FAT Brands Inc. and Twin Hospitality Group Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division to hire Pachulski Stang Ziehl & Jones LLP to serve as conflicts and mediation counsel. PSZJ will provide these services: a. assist, advise, and represent the Debtors in any manner relevant to the its efforts to obtain DIP Financing; and b. assist, advise, and represent the Debtors in connection with the Mediation. PSZJ's attorneys will be paid at these hourly rates: Richard M. Pachulski $2,650 Gregory V. Demo $1,650 Maxim B. Litvak $1,895 Benjamin L. Wallen $1,195 Theodore S. Heckel $1,350 Paralegal Kerri L. Labrada $650 Standard hourly rates of other firm professionals are: Partners $1,150 to $2,695 Of Counsel $1,175 to $2,050 Associates $725 to $1,250 Paraprofessionals $625 to $695 The firm received pre-petition payments in the aggregate amount of $108,987.81. Pachulski Stang Ziehl & Jones LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. Pursuant to paragraph D, section 1 of the Revised U.S. Trustee Guidelines, PSZJ responds to the questions set forth therein as follows: 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 reasons for the difference. Answer: The material financial terms for the prepetition engagement remained the same as the engagement was hourly-based. The billing rates and material financial terms for the postpetition period increased as part of the Firm's periodic adjustment in accordance with the Firm's ordinary course practice following the conclusion of 2025. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: The Managers and the Firm have discussed an anticipated budget for these Chapter 11 Cases. The firm can be reached at: Gregory V. Demo, Esq. Pachulski Stang Ziehl & Jones LLP 1700 Broadway, 36th Floor New York, NY 10019 Telephone: (212) 858-1000 E-mail: gdemo@pszjlaw.com About Fat Brands Inc. FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Café & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses. FAT Brands franchises and owns over 2,200 units worldwide. Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on Jan. 26, 2026. In its petition, Fat Brands listed estimated assets and liabilities more than $1 billion. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as legal counsel to the Company. GLC Advisors & Co., LLC is serving as investment banker, and Huron Consulting Services LLC is serving as financial advisor. Omni Agent Solutions, Inc., is serving as claims, noticing and solicitation agent. White & Case LLP is representing the Ad Hoc Group of Securitization Noteholders. Greenberg Traurig, LLP represents UMB Bank, National Association, solely in its capacity as Trustee to certain series of notes. FINCH THERAPEUTICS: Says Ch. 11 Most Effective Way to Sell Assets ----------------------------------------------------------------- Rick Archer of Law360 reports that on Wednesday, March 25, 2026, biotech company Finch Therapeutics told a Delaware bankruptcy judge that its decision to seek Chapter 11 protection is warranted, even in the absence of secured creditors. The company cited its inability to generate income and collect on a key patent judgment as central to its financial strain. Finch argued that Chapter 11 provides a framework to reorganize its operations and potentially monetize its patent portfolio, offering a controlled environment to manage claims and preserve value for stakeholders. The case underscores the difficulties innovative treatment developers face when relying on patent-based revenue. The bankruptcy court will determine whether Finch meets the legal criteria for Chapter 11 relief under these circumstances, the report states. About Finch Therapeutics Inc. Finch Therapeutics Inc. is a company developing microbiome-based health treatments. Finch Therapeutics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr D. Del. 26-10410) on March 22, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtor is represented by Aaron Bach, Esq. and Robert Alan Weber, Esq. of Chipman Brown Cicero & Cole, LLP. FLAMAS LLC: Seeks Chapter 7 Bankruptcy in Washington ---------------------------------------------------- On March 27, 2026, Flamas, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of Washington. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. About Flamas, LLC Flamas, LLC is a business entity engaged in restaurant or food service operations, offering dining and related services. Flamas, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00559) on March 27, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $1MM to $10MM. Honorable Bankruptcy Judge Frederick P. Corbit handles the case. FLIGHT 509: Seeks to Extend Plan Exclusivity to May 4 ----------------------------------------------------- Flight 509 LLC, asked the U.S. Bankruptcy Court for the Eastern District of Washington to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to May 4 and July 3, 2026, respectively. The Debtor believes that sufficient cause exists to support the requested extension of the Exclusive Periods. There remain in this case certain unresolved contingencies. Both Congress and the courts have recognized the size and complexity of a Debtor's case alone may constitute cause for the extension of a debtor's exclusive period to file a chapter 11 plan and the period to solicit acceptances of such a plan. The Debtor explains that although not as large as some cases, the company's case is certainly contains some complex issues. The Debtor, BankCDA, and the United States Trustee continue to work together and have made substantial progress. The resolution of these will determine the scope of funds available to fund the Debtor's plan of reorganization. The Debtor claims that until a proper determination of the outstanding issues is made, it would be difficult, if not impossible, for the company to formulate a confirmable plan of reorganization. Under the circumstances of this chapter 11 case, the proposed extension of the Debtor's Exclusive Periods is appropriate and gives the Debtor the best opportunity to propose a plan of reorganization with the broadest support possible. Since the inception of this chapter 11 case, the Debtor has progressed in good faith towards reorganization. The Debtor has already to date: (a) timely filed its schedules and statement of financial affairs; (b) coordinated and communicated with the United States Trustee to establish deadlines, provide requested documents, and appear at the Initial Debtor Interview; (c) provided notice of insider payments to all parties; and (d) communicated with the first-position lien holder to resolve conflicts and to provide transperancy. The Debtor asserts that it is not seeking an extension of the Exclusive Periods for purposes of delaying recoveries to creditors or forcing them to accede to the company's demands. On the contrary, the Debtor requests this extension so that it can resolve the outstanding issues in a consensual manner and in an effort to ensure all parties are fairly compensated. The Debtor further asserts that a company's payment of postpetition obligations as they come due supports a finding that it is not abusing its exclusivity period. The Debtor is current on all postpetition obligations and anticipates that this practice will continue. Thus, the requested extension of the Exclusive Periods will not prejudice any legitimate interests of its creditors. Since the filing of the petition for relief, Debtor has continually worked in an expeditious manner to resolve any outstanding issues that may be causing a delay in their ability to formulate a confirmable plan of reorganization. Further, termination of the Debtor's Exclusive Periods would adversely impact the interests of the Debtor's estate and the substantial progress that has been made in this chapter 11 case. Therefore, the Debtor respectfully submits that cause exists to further extend the Exclusive Periods pursuant to section 1121(d) of the Bankruptcy Code. The Debtor's Counsel: Amy Wilburn, Esq. LAW OFFICE OF AMY WILBURN, PLLC PO Box 112350 Tacoma WA 98411 Phone: (253) 617-4380 Email: amy@amywilburnlaw.com About Flight 509 LLC Flight 509 LLC based in Spokane Valley, Washington, operates a family entertainment center featuring mini-bowling, laser tag, ropes and ninja warrior courses, bumper cars, arcade games, and a large soft play structure. The facility provides recreational and event services for families and children and includes ADA compliant features and sensory-friendly accommodations. Flight 509 LLC serves the Spokane Valley area, offering indoor entertainment and leisure activities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 25-02024) on November 20, 2025. In the petition signed by Timothy Homer, owner, the Debtor disclosed $779,586 in assets and $5,921,347 in debts. Judge Frederick P. Corbit oversees the case. Amy Wilburn, Esq., at the Law Office of Amy Wilburn, PLLC, represents the Debtor as bankruptcy counsel. FOOD52 INC: Gets Court OK for Ch.11 Liquidation Plan Creditor Vote ------------------------------------------------------------------ Clara Geoghegan of Law360 Bankruptcy Authority reports that on Friday, March 27, 2026, a bankruptcy judge in Delaware has cleared the way for Food52 to send its Chapter 11 liquidation plan to creditors for a vote, overruling objections raised by the U.S. Trustee's Office. The ruling came after the court concluded that the company's disclosure statement contained sufficient detail to allow informed decision-making by stakeholders. The U.S. Trustee had challenged the adequacy of the disclosures, pointing to alleged gaps in financial projections and explanations of how creditor claims would be handled. Despite those concerns, the court held that the materials satisfied legal requirements and did not warrant delaying the solicitation process, according to report. The decision enables Food52 to proceed with the next phase of its bankruptcy case, seeking creditor approval of its proposed liquidation. The vote will be a critical step in determining whether the plan can be confirmed and implemented, the report relays. About Food52 Inc. Food52 Inc. is a Brooklyn-based cooking and home decor company. Food52 Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12277) on December 29, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Judge Laurie Selber Silverstein handles the case. The Debtor tapped Young Conaway Stargatt & Taylor as bankruptcy counsel; Meru, LLC as financial advisor; and Core Advisors, LLC asinvestment banker. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the administrative advisor and claims and noticing agent. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee tapped Robinson & Cole LLP as counsel. FORCE SEVEN: Nat Wasserstein Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 2 appointed Nat Wasserstein, Esq., at Lindenwood Associates, LLC as Subchapter V trustee for Force Seven, Inc. Mr. Wasserstein will be paid an hourly fee of $510 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Wasserstein declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nat Wasserstein, Esq. Lindenwood Associates, LLC 328 North Broadway, 2nd Floor Upper Nyack, New York 10960 Telephone: (845) 398-9825 Facsimile: (212) 208-4436 Email: nat@lindenwoodassociates.com About Force Seven Inc. Force Seven, Inc. is a corporate entity whose specific operations were not disclosed in the initial filing, but it appears to function as a small business based on its reported financial profile. Force Seven sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41247) on March 17, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities within the same range. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. FTX TRADING: Merchant's Bid for Withdrawal of Reference Denied -------------------------------------------------------------- The Hon. Jennifer L. Hall of the U.S. District Court for the District of Delaware denied the motion for leave filed by Merchant Oasis Ltd. in the case captioned as FTX TRADING LTD., ALAMEDA RESEARCH LTD., NORTH DIMENSION INC., and MACLAURIN INVESTMENTS LTD., Plaintiffs, v. KEY SOLUTION DEVELOPMENT LTD., MERCHANT OASIS LTD., AND CHARLES YANG, INC., Defendants, Civ. No. 25-138-JLH (D. Del.). The motion for leave is denied without prejudice to Merchant's right to renew its request for withdrawal of the reference at such time as the proceeding is ready for trial. Before the District Court is the motion of Merchant Oasis Ltd. ("Movant"), defendant in the adversary proceeding currently pending in the United States Bankruptcy Court for the District of Delaware, which seeks an order withdrawing reference of the adversary proceeding under 28 U.S.C. Sec. 157(d) for cause. The adversary proceeding is captioned FTX Recovery Trust v. Key Solutions Development, Ltd., Adv. No. 24-50185 (KBO) (Bankr. D. Del.). On or about November 11 and November 14, 2022, the above-captioned debtors ("Debtors") filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. It is by now a matter of public record that the individuals who ran the FTX Group (referred to in the Complaint as the "FTX Insiders") operated a wide-ranging and complex scheme to misappropriate FTX Group assets for, among other things, private homes and jets, political and "charitable" contributions, and various investments. These investments included the transfers at issue in the underlying adversary proceeding, in which it is alleged that Movant, Merchant Oasis, received over $1.3 million of misappropriated funds in connection with an alleged scheme involving shares of Genesis Block Ltd -- a Hong Kong-based cryptocurrency trading firm. On or about November 4, 2024, plaintiffs FTX Trading LTD., Alameda Research LTD., North Dimension Inc., and Maclaurin Investments LTD. ("Plaintiffs") filed a complaint initiating the adversary proceeding (the "Original Complaint') against Movant, Merchant Oasis, and defendants Genesis Block, Bluebird, Key Solution, Clement Ip, Hung Ka Ho, Tin Ka Yu, Charles Yang, Myth Success Ltd., GB Holdings, Ltd., GBV Capital, Inc., Nai Him Leslie Tam, Able Rise Corporate Development Ltd., GBC Technologies Ltd., and D21 Solutions Ltd. (together, the "Defendants"'). Through the Complaint, Plaintiffs seek a judgment against Genesis Block and Bluebird declaring that all shares of Genesis Block held by Bluebird are Plaintiffs' property. In the alternative, Plaintiffs seek to avoid and recover alleged fraudulent transfers to Merchant Oasis and other defendants who allegedly benefitted from the scheme. Plaintiffs also seek disallowance and equitable subordination of all claims Defendants have filed in the Chapter 11 cases. Of the twenty-six (26) claims for relief asserted in the Original Complaint, Movant asserts, only five claims seek relief against Movant. Four claims are fraudulent transfer allegations under state and federal law, and the fifth claim for relief seeks recovery of the alleged avoidable transfer under Sec. 550(a)(1) of the Bankruptcy Code. Movant asserts that it is not a creditor of the Debtors, has not filed a proof of claim in the underlying chapter 11 cases, has not submitted to the jurisdiction to the Bankruptcy Court, and has demanded a trial by jury. On February 3, 2025, Movant filed the Motion for Leave seeking withdrawal of the reference of the adversary proceeding to the District Court. Movant's primary argument is that even if the Delaware Bankruptcy Court finds that the claims in the adversary proceeding are core proceedings, it may only conduct a jury trial if it is designated to do so by the district court and all parties consent. Movant does not consent to a jury trial in the Delaware Bankruptcy Court. Therefore, Movant argues, cause exists to withdraw the reference. Conversely, Plaintiffs argue that Movant has not carried its burden of establishing cause at such a preliminary stage of the proceeding, where the claims are core, there are pending motions to dismiss, and no other Defendants in the adversary proceeding have sought to withdraw the reference. According to Plaintiffs, the proper time for the District Court to consider whether to withdraw the reference is when the adversary proceeding 1s ready for trial. The District Court agrees. According to the District Court, even assuming that Movant has demonstrated that it is entitled to a trial by jury, it has shown no reason why its refusal to consent to a jury trial before the Bankruptcy Court requires that the reference be withdrawn now, rather than when the adversary proceeding is ready for trial. Even if the District Court concludes that, at some future time, it must oversee a jury trial, withdrawal of the reference now is premature. A copy of the Court's Memorandum dated March 17, 2026, is available at http://urlcurt.com/u?l=xnBPCpfrom PacerMonitor.com. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. G-4 FAMILY: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: G-4 Family Holdings, Inc. 275 Broadhollow Road Suite 302 Melville, NY 11747 Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-71225 Judge: Hon. Sheryl P. Giugliano Debtor's Counsel: Alex Spizz, Esq. TARTER KRINSKY & DROGIN LLP 1350 Broadway 11th Floor New York, NY 10018 Tel: (212) 216-8000 E-mail: aspizz@tarterkrinsky.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $0 to $50,000 The petition was signed by Cristina Mariani-May as vice president. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GWLUMVA/G-4_Family_Holdings_Inc__nyebke-26-71225__0001.0.pdf?mcid=tGE4TAMA G-4 OREGON: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: G-4 Oregon Properties LLC 2200 N. Pacific Highway Rickreall, OR 97371 Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-71231 Judge: Hon. Louis A. Scarcella Debtor's Counsel: Alex Spizz, Esq. TARTER KRINSKY & DROGIN LLP 1350 Broadway 11th Floor New York, NY 10018 Tel: (212) 216-8000 E-mail: aspizz@tarterkrinsky.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $100,000 to $500,000 The petition was signed by Cristina Mariani-May as authorized representative of the Debtor. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/H5UQL4A/G-4_Oregon_Properties_LLC__nyebke-26-71231__0001.0.pdf?mcid=tGE4TAMA GBI SERVICES: Seeks to Extend Plan Exclusivity to July 20 --------------------------------------------------------- GBI Services, LLC, and its affiliates 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 July 20 and Sept. 17, 2026, respectively. Since the Petition Date, the Debtors' primary focus in these chapter 11 cases has been running a robust and comprehensive marketing and sale process that maximizes value for creditors and other stakeholders. In pursuit of these goals, the Debtors obtained post-petition financing and ran a robust and comprehensive sale and marketing process with the goal of effectuating one or more value-maximizing transactions for substantially all of the Debtors' assets. On February 3, 2026, following several weeks of robust negotiations, Iconix International Inc. (the "Stalking Horse Bidder") entered into an asset purchase agreement (the "Stalking Horse Agreement") for the sale of the Debtors' marketing business. On March 9, 2026, the Court entered the Sale Order, approving the Asset Purchase Agreement and authorizing the Sale Transaction with the Buyer. The Sale Transaction provides for, among other things: (a) a $35.7 million purchase price, which is sufficient to repay the DIP Financing in full and, with the remaining proceeds, effectuate the orderly winddown of the Debtors' estates; (b) the assumption of a number of claims against the estates; (c) the waiver by Mr. Nicklaus of all of his claims against the estates; (d) the agreement by PMP Nick, the Debtors' pre-petition lender, to waive all of its security interests and $225 million of prepetition claims; and (e) the cessation of all litigation amongst the Debtors, Mr. Nicklaus, and Mr. Milstein and their respective related parties. The Debtors claim that they have been evaluating potential options to wind down their estates, including potential plan terms. However, because the outcome of the sale process remained uncertain, substantive discussions regarding the Debtors' path to exit chapter 11 have only recently begun in earnest. Accordingly, the Debtors believe the requested extension of the Exclusive Periods will provide the Debtors with time to determine the most efficient way to exit chapter 11, including, if appropriate, pursuant to a chapter 11 plan. The Debtors explain that these chapter 11 cases are large and complex due to, among other things, the magnitude of their liabilities, their operation of a business with multinational customers, and their involvement in significant litigation that began years before the Petition Date and has continued thereafter. As a result, the early stages of these cases were focused on addressing that litigation, ensuring a smooth transition into chapter 11, and conducting a comprehensive sale process. The Debtors assert that the Sale Transaction provides for the resolution and/or assumption of significant liabilities against the Debtors' estates and will also leave the Debtors with sufficient unencumbered cash to pursue an orderly wind down, which wind down may occur pursuant to a chapter 11 plan. Accordingly, the Debtors have demonstrated reasonable prospects for filing a viable chapter 11 plan. The Debtors further assert that this is their first request for an extension of the Exclusive Periods. Less than four months have elapsed since the Debtors' Petition Date, during which the Debtors have already made significant progress, as noted above. Courts in this district, and other districts, routinely grant requests by debtors to extend their exclusive periods to file and solicit a chapter 11 plan. Finally, this Motion is without prejudice to any party in interest seeking to shorten the Exclusive Periods pursuant to section 1121(d) of the Bankruptcy Code. As such, no party in interest will be prejudiced if the requested extensions are approved. Accordingly, the Debtors respectfully submit this factor weighs in favor of granting the extension of the Exclusive Periods. Counsel to the Debtors: Michael J. Merchant, Esq. Zachary I. Shapiro, Esq. James F. McCauley, Esq. Alexander R. Steiger, Esq. RICHARDS, LAYTON & FINGER, P.A. 920 North King Street Wilmington, DE 19801 Telephone: 302-651-7700 E-mail: merchant@rlf.com shapiro@rlf.com mccauley@rlf.com steiger@rlf.com - and - David J. Cohen, Esq. WEIL, GOTSHAL & MANGES LLP 1395 Brickell Avenue, Suite 1200 Miami, FL 33131 Telephone: (305) 577-3100 Email: davidj.cohen@weil.com - and - Ronit J. Berkovich, Esq. Daphne S. Papadatos, Esq. WEIL, GOTSHAL & MANGES LLP 767 Fifth Avenue New York, NY 10153 Telephone: (212) 310-8000 Email: ronit.berkovich@weil.com daphne.papadatos@weil.com About GBI Services/Nicklaus Companies GBI Services, LLC's affiliate Nicklaus Companies LLC, also known as Golden Bear Financial Services, is a worldwide golf enterprise established to uphold and expand the legacy of golf icon Jack Nicklaus. Nicklaus operates across several areas of the industry, including golf course design, branded products, licensing, and overall brand management. Its goal is to provide high-quality golf experiences and products that reflect the Nicklaus name's global reputation for excellence, innovation, and integrity. GBI Services and its affiliates including Nicklaus sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12089) on November 21, 2025. In its petition, GBI Services, the lead debtor, reported estimated assets between $10 million and $50 million and estimated liabilities between $500 million and $1 billion. The petitions were signed by Philip D. Cotton as chief executive officer. Honorable Bankruptcy Judge Craig T. Goldblatt handles the cases. The Debtors are represented by the law firms of Richards, Layton & Finger, P.A. and Weil Gotshal & Manges LLP. Alvarez & Marsal North America, LLC serves as financial and restructuring advisor while Cassel Salpeter & Co serves as investment banker. Epiq Corporate Restructuring, LLC is the claims and noticing agent. GEORGLADES BROTHERS: UCC Public Sale Scheduled for May 11 --------------------------------------------------------- In accordance with applicable provisions of the Uniform Commercial Code as enacted in New York "NYUCC"), given that Ellis Equities LLC (Secured Party), a New York limited liability company, will sell certain collateral, including without limitation, all Georglades Brothers Realty LLC's ("Debtor") membership interest in Northern Blvd Realty LLC (the "Company") with such membership interest defined as "Membership Interests") to the highest qualified bidder at a public sale in accordance with the NYUCC. The sale will take place at 3:30 p.m. EDT on May 11, 2026, via Zoom, as well as in person at Schlam Stone & Dolan LLP, 26 Broadway, 19th Floor, New York, New York 10004, Attention: Joshua Wurtzel, Esq. Remote log-in credentials will be provided to registered bidders upon request. Secured Party's understanding, without making any representation, is that Debtor owns 33.33% of the membership interests of the Company, which is the fee owner of the property known as 1043 Northern Boulevard, Roslyn, New York 11576. The Membership Interests will be sold to the highest Qualified Bidder, as that term is defined in the Terms of Sale attached to the Notice of Disposition of Collateral, dated March 5, 2026 (the "Notice of Disposition"); provided, however, that Secured Party reserves the right, in accordance with the NYUCC, to cancel the sale in its entirety or to adjourn the sale to a future date. The sale will be conducted by Mannion Auctions, LLC by Matthew D. Mannion, Auctioneer, with an office at 299 Broadway, Suite 1601, New York, New York 10007. The Membership Interests will be sold as a block and will not be divided or sold in any lesser amounts. Interested parties that intend to bid on the Collateral should contact Secured Party's broker, Greg Corbin, at Northgate Real Estate Group, (212) 369-1800 or greg@northgatereg.com, to receive the Terms of Sale (which are also attached to the Notice of Disposition) and bidding instructions. Upon execution of a Terms of Access and Non-Disclosure Agreement, in a form to be provided by Secured Party's broker, additional documentation and information will be available. Interested parties that are not Qualified Bidders, as that term is defined in the Terms of Sale, will not be permitted to enter a bid. GLOBAL ALLIANCE: Taps Rountree Leitman Klein & Geer as Attorney --------------------------------------------------------------- Global Alliance LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Rountree, Leitman, Klein & Geer, LLC as its attorneys. The firm will render these services: (a) give the Debtor legal advice with respect to its powers and duties in the management of its property; (b) prepare on behalf of the Debtor necessary legal papers; (c) assist in examination of the claims of creditors; (d) assist with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and (e) perform all other legal services for the Debtor that may be necessary. The firm will be paid at these proposed hourly rates: William A. Rountree $595 Will B. Geer $595 Hal Leitman $425 William Matthews $425 David S. Klein $495 Elizabeth Childers $395 Ceci Christy $425 Caitlyn Powers $375 Shawn Eisenberg $300 Dorothy Sideris $225 Elizabeth Miller $290 Megan Winokur $175 Legal Assistants $150 Law Clerk $200 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer of $40,000 from the Debtor. Mr. Geer 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: Will B. Geer, Esq. Rountree Leitman Klein & Geer, LLC 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: wgeer@rlkglaw.com About Global Alliance LLC Global Alliance, LLC, based in Atlanta, Georgia, engages in the processing and recycling of rubber materials, producing mixed rubber compounds for industrial customers such as tire and automotive manufacturers. The Company handles the import and export of recycled rubber and metal products and operates a recycling center in South Fulton, Georgia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64527) on December 12, 2025. In the petition signed by JujHar Gill, sole member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge James R. Sacca oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. GLOBAL PARTNERS: S&P Affirms 'B+' ICR, Outlook Positive ------------------------------------------------------- S&P Global Ratings affirmed its 'B+' issuer credit rating and 'B+' issue-level rating on its senior notes on Global Partners L.P. S&P's '4' recovery rating on the notes is unchanged, indicating its expectation for average (30%-50%; rounded estimate: 30%) recovery. The positive outlook reflects S&P's expectation that Global Partners will maintain its S&P Global Ratings-adjusted leverage at 4x or marginally above in 2026 and 2027. S&P Global Ratings expects Global Partners L.P., an owner and operator of liquid terminals, gasoline stations and convenience stores in the Northeast, will continue to generate stable EBITDA despite current volatility in the commodity markets, resulting in S&P Global Ratings-adjusted leverage of approximately 4x. S&P said, "We affirmed the B+ issuer credit rating and a positive outlook on Global Partners. While we expect the company to maintain S&P Global Ratings-adjusted debt to EBITDA of about 4x in 2026 and 2027, we believe its increased scale and greater diversification into midstream operations over the past few years support its ability to sustain a marginally higher debt balance at the current rating level. "In our view, the expansion of its fee-based terminal assets over the past three years has improved the stability of its cash flows and strengthened its business profile. However, the company remains exposed to competitive pressures in the retail fuel market and commodity price volatility. "Global Partners' increased scale and diversification support our view of a stronger business risk profile. Global Partners' greater scale is supported by its geographic diversification and the expansion of its midstream asset base over the past several years. This includes 54 bulk terminals with approximately 22.3 million barrels of storage capacity, as well as strategic rail, pipeline, and marine connectivity. It also operates a large fuel logistics retail network, including 1,524 owned, leased, or supplied gasoline stations and about 290 company-operated convenience stores, primarily in the Northeast. The company's gasoline stations business puts it into the top quartile of other gas station companies. In addition, it benefits from a 25-year take-or-pay contract with Motiva, which enhances its cash flow visibility. "With S&P Global Ratings-adjusted EBITDA of $495 million in 2025, we consider Global Partners' scale to be comparable with that of other midstream companies. These factors underpin our revision of the company's business risk profile to fair from weak." Commodity market volatility will support margins in the near term, although it presents longer-term risks. Global Partners benefits from commodity price volatility, particularly through widening regional basis differentials that allow it to source refined products from lower-cost regions and deliver them to higher-demand markets using its logistics infrastructure. S&P said, "In our view, the commodity price environment will remain supportive of Global Partners' margins in the near term. The company benefits from backwardation in distillate futures markets, which enables it to sell inventory at higher spot prices relative to acquisition costs. We also note gasoline demand is relatively inelastic in the short term, and we do not anticipate material demand destruction in the retail segment. Over the longer term, a sustained backwardation may reduce storage asset profitability." Material working capital needs continue to influence leverage. The company recently implemented the accordion feature and increased its working capital facility by $300 million to $1.3 billion to support higher-cost inventory purchases. Global Partners maintains significant working capital requirements, which it primarily funds through its borrowing base revolver, which is secured by inventory. S&P said, "While our adjusted debt calculation includes utilization of this facility, we now fully net available cash against total debt when assessing leverage. While the fluctuations in working capital usage can lead to variability in reported leverage metrics, the highly liquid nature of inventories supports seasonal increases in debt to EBITDA without impairing Global Partners' credit profile. "We expect stable operating performance with leverage remaining modestly above 4x. Our base case assumes volumes in the wholesale segment increase about 5% in 2026, primarily driven by distillates, while volumes in the gasoline distribution and station operations (GDSO) segment remain flat. We forecast S&P Global Ratings-adjusted EBITDA of $490 million-$505 million in 2026 and 2027, including about $100 million of lease adjustments. We expect leverage will remain slightly above 4x with periodic increases driven by working capital facility utilization." Global Partners generated S&P Global Ratings-adjusted EBITDA of about $495 million in 2025, broadly in line with the prior two years. Performance in the wholesale segment improved due to higher volumes from recently acquired terminals and somewhat stronger market conditions for gasoline and distillates, partially offset by weaker residual oil trends and higher terminal-related costs. The GDSO segment declined modestly, reflecting lower fuel volumes, portfolio optimization actions and weaker ancillary revenues partially offset by stable fuel margins and cost controls. S&P expects EBITDA in 2026 to remain in line with 2025 results. S&P said, "The positive outlook reflects our expectation that Global Partners will maintain S&P Global Ratings-adjusted debt to EBITDA at about 4x or marginally above in 2026-2027, supported by stable operating performance. We anticipate the company will continue to generate steady EBITDA, driven by a moderate increase in its wholesale segment, which should partly offset flat volume growth in its retail operations. "We could revise our outlook on Global Partners to stable if its debt to EBITDA remains at or above 4.5x on a sustained basis. This could happen if market conditions pressure margins or volumes, or if the company undertakes material debt-financed acquisitions. "We could raise our rating on Global Partners during the next 12 months if it maintains S&P Global Ratings-adjusted leverage of 4x or marginally above while continuing to demonstrate stable operating performance. This would require EBITDA to remain stable or show modest growth, supported by incremental volume increases in the wholesale segment and resilience to current commodity price volatility." HAWAII MOLD: Court Extends Cash Collateral Access Until May ----------------------------------------------------------- Hawaii Mold and Flood, LLC received another extension from the U.S. Bankruptcy Court for the District of Hawaii to use cash collateral. At the March 30 hearing, the court authorized the Debtor's interim use of cash collateral until the end of May and set a final/further hearing for May 18. The Debtor was initially allowed to access cash collateral under the court's March 12 interim order. The initial order authorized the Debtor to use both pre-bankruptcy cash collateral and ongoing revenues to pay operating expenses in line with a court-approved budget, which projects total operational expenses of $225,445.87 for April and $207,768.89 for May. The initial order granted Central Pacific Bank replacement liens on post-petition assets and approved monthly payments of non-default interest to the bank as protection for any diminution in the value of their collateral. As of the petition date, the Debtor holds approximately $166,884 in cash at Central Pacific Bank, its sole pre-petition secured creditor, which holds a senior blanket lien on substantially all of its assets from a term loan originally issued in May 2022. The current loan balance is about $70,783. About Hawaii Mold and Flood LLC Hawaii Mold and Flood, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 26-00144) on February 20, 2026. In the petition signed by Glen Kelsey, sole member, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Robert J. Faris oversees the case. Chuck C. Choi, Esq., at Choi & Ito, represents the Debtor as legal counsel. HEALTHY OCEANS: Hires Sherman and Boone as Real Estate Broker ------------------------------------------------------------- Healthy Oceans Property Company, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Sherman and Boone Real Estate as real estate broker. The firm will market and sell the Debtor's commercial real property located at 1035 17th Avenue, Santa Cruz, California. The broker will receive a commission in an amount equal to 2.5% of the purchase price. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The broker can be reached through: Nicholas Torres Sherman and Boone Real Estate 1260 41st Ave. Capitola, CA 95010-3929 Tel: (831) 464-5018 Fax: (831) 462-1618 About Healthy Oceans Property Company, LLC Healthy Oceans Property Company, LLC owns real property improved with a seafood manufacturing facility in Santa Cruz, California, including equipment and fixtures related to seafood processing. Healthy Oceans Property Company, LLC in Santa Cruz, CA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Cal. Case No. 26-50009) on Jan. 6, 2026, listing $2,113,393 in assets and $1,083,859 in liabilities. Matthew Owens as managing member and CEO, signed the petition. Judge Stephen L Johnson oversees the case. STANLEY A. ZLOTOFF serve as the Debtor's legal counsel. HIGHLAND CAPITAL: 5th Cir. Affirms Dismissal of Dugaboy Case ------------------------------------------------------------ In the appeal styled Dugaboy Investment Trust, Appellant, versus Highland Capital Management, L.P.; Highland Claimant Trust, Appellees, No. 25-10999 (5th Cir.), Judges Priscilla Richman, Leslie H. Southwick and Don R. Willett of the U.S. Court of Appeals for the Fifth Circuit upheld the order of the United States District Court for the Northern District of Texas affirming the dismissal of its complaint in an adversary bankruptcy proceeding. This appeal stems from a lengthy bankruptcy proceeding spanning multiple appeals before this court. Highland Capital Management ("HCM"), in October 2019, filed a petition for relief under Chapter 11 of the United States Bankruptcy Code. On November 24, 2020, HCM filed an amended plan for reorganization (the "Plan"), which provided for the creation of the Highland Claimant Trust, organized under the Claimant Trust Agreement ("CTA") and the Delaware Statutory Trust Act ("DTSA"). The Plan was confirmed and became effective in 2021. The Claimant Trust was created for the benefit of the "Claimant Trust Beneficiaries," which the Plan and the CTA define as holders of general unsecured (Class 8) and subordinated claims (Class 9) against HCM. Former limited partners (Classes 10 & 11) are not Claimant Trust Beneficiaries, but instead holders of an unvested, contingent, and subordinate trust interest. These contingent interests in the Claimant Trust will vest and thereby become Claimant Trust Beneficiaries only after holders of superior claims and indemnification provisions are satisfied. Appellant, Dugaboy Investment Trust -- controlled by HCM cofounder and former Chief Executive Officer, James Dondero -- is the holder of a Class 11 contingent trust interest. More than two years after the Plan's confirmation, Dugaboy filed an adversarial action in the bankruptcy court seeking disclosure of Claimant Trust assets and an accounting. The bankruptcy court dismissed the complaint for failure to state a claim under Federal Rule of Civil Procedure 12(b)(6). Dugaboy appealed that ruling to the United States District Court for the Northern District of Texas. The district court affirmed, and Dugaboy timely appealed to this court. Dugaboy concedes that it holds an unvested contingent interest, thereby admitting it is not a Claimant Trust Beneficiary under the terms of the CTA. As a result, it has no legal right to the relief sought. Dugaboy argues its interest has vested because Texas law would classify it as a "beneficiary." The panel disagrees. The governing instrument in this case -- the CTA -- defines a Claimant Trust Beneficiary in such a manner as not to include Dugaboy's unvested, contingent interest. A copy of the Court's Opinion dated March 17, 2026, is available at http://urlcurt.com/u?l=6VBh2o About Highland Capital Management Highland Capital Management, LP was founded by James Dondero and Mark Okada in Dallas in 1993. Highland Capital is the world's largest non-bank buyer of leveraged loans in 2007. It also manages collateralized loan obligations. In March 2007, it raised $1 billion to buy distressed loans. Collateralized loan obligations are created by bundling together loans and repackaging them into new securities. Highland Capital Management sought Chapter 11 protection (Bank. D. Del. Case No. 19-12239) on Oct. 16, 2019. On Dec. 4, 2019, the case was transferred to the U.S. Bankruptcy Court for the Northern District of Texas and was assigned a new case number (Bank. N.D. Tex. Case No. 19-34054). Judge Stacey G. Jernigan is the case judge. At the time of the filing, Highland had between $100 million and $500 million in both assets and liabilities. The Debtor tapped Pachulski Stang Ziehl & Jones LLP as bankruptcy counsel, Foley & Lardner LLP as special Texas counsel, and Teneo Capital, LLC as litigation advisor. Kurtzman Carson Consultants, LLC, is the claims and noticing agent. The U.S. Trustee for Region 6 appointed a committee of unsecured creditors on Oct. 29, 2019. The committee tapped Sidley Austin LLP and Young Conaway Stargatt & Taylor LLP as bankruptcy counsel, and FTI Consulting, Inc. as financial advisor. HOMETOWN LENDERS: Hires Templeton Advisors as 401(K) Auditor ------------------------------------------------------------ Hometown Lenders, Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Northern District of Alabama to employ Templeton Advisors as auditor. The firm will be auditing the Debtor's Retirement Plan 401(k) for plan years 2019 through 2026, as required by Department of Labor regulations in connection with the termination of the Plan. The fee for each audit year is $8,500, for a total estimated engagement fee of $68,000 for all eight plan years (2019 through 2026). Templeton Advisors is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: John Templeton, CPA Templeton Advisors Esperante Building 222 Lakeview Avenue, Suite 1200 West Palm Beach, FL 33401 Phone: (561) 798-9988 Email: john@templetonadvisors.com About Hometown Lenders Inc. Hometown Lenders, Inc. is a corporation organized and existing under the laws of the State of Alabama. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 24-81038) on June 3, 2024, listing up to $50 million in both assets and liabilities. Kevin D. Heard, Esq., at Heard, Ary & Dauro, LLC, is the Debtor's legal counsel. HOMETOWN LENDERS: Seeks to Hire Pentegra Retirement Services ------------------------------------------------------------ Hometown Lenders, Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Northern District of Alabama to employ Pentegra Retirement Services to provide retirement planning services. The firm's services include: (i) preparing Form 5500 for plan years 2019–2026 (with plan years 2019, 2020, and 2022–2024 filed under the Delinquent Filer Voluntary Compliance Program); (ii) calculating earnings contributions related to 2022–2023 Safe Harbor Non-Elective Contribution Trueups; and (iii) performing forfeiture allocation and lost earnings calculations, as well as to provide the Debtor advice related to the termination of the Plan. The total estimated engagement fee is $12,400. As disclosed in the court filings, Pentegra Retirement Services does not hold or represent any interest adverse to the Debtor or the estate. The firm can be reached through: Steve Mauger Pentegra Retirement Services 2261 Market Street, Suite 86302 San Francisco, CA 94114 Phone: (866) 633-4015 About Hometown Lenders Inc. Hometown Lenders, Inc. is a corporation organized and existing under the laws of the State of Alabama. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 24-81038) on June 3, 2024, listing up to $50 million in both assets and liabilities. Kevin D. Heard, Esq., at Heard, Ary & Dauro, LLC, is the Debtor's legal counsel. HOTEL ONE: Staybridge Suites Hotel Auction Set for April 15 ----------------------------------------------------------- Fisher Auction Company will hold a live zoom auction for the the Staybridge Suites Hotel at 11:00 a.m. on April 15, 2026. Hotel One Partners Miramar Beach, LLC is a Kentucky limited liability company and the owner and operator of the 116 suite-style room hotel. The Debtor's primary secured lender is Community Bank of Louisiana, with a loan balance of approximately $19,230,000 secured by a Commercial Real Estate Mortgage dated August 27, 2021. The hotel is located at 50 Ponce De Leon Street, Miramar Beach, Florida nestled in the heart of Miramar Beach Florida, and is just minutes from the beach, shopping and many other Miramar Beach and Destin area attractions. The hotel is managed by Commonwealth Hotels. Commonwealth is a global leader in third-party hotel management. The Debtor is also a Staybridge Suites licensee and is party to that certain Staybridge Suites Hotel New Development License Agreement dated March 25, 2021 between Holiday Hospitality Franchising, LLC (HHF), as licensor, and Debtor, as licensee. On November 21, 2025, the Debtor employed Lamar P. Fisher and Fisher Auction Co., Inc. and Paul Sexton and D&C Hospitality Investments, LLC d/b/a HREC Investment Advisors as brokers. For more information contact: Francis D. Santos Tel: (754) 220-4116 http://www.fisherauction.com The auction is subject to terms of sale. About Hotel One Partners Miramar Beach LLC Hotel One Partners Miramar Beach, LLC is a Kentucky limited liability company and the owner of the 116-unit Staybridge Suites hotel in Miramar Beach, Florida. Hotel One Partners sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-31131) on November 7, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Judge Jerry C. Oldshue Jr. handles the case. The Debtor is represented by Edward J. Peterson, III, at Berger Singerman, LLP. ICRYO BRANDS: Committee Taps Hughes Watters as Counsel ------------------------------------------------------ The Official Committee of Unsecured Creditors of ICryo Brands, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Hughes Watters Askanase, LLP as its general counsel. HWA will provide these services: (a) advising the Committee regarding its rights, powers, and duties under the Bankruptcy Code, including those set forth in Sections 1102 and 1103; (b) representing the Committee in connection with negotiation of debtor-in-possession financing, including reviewing proposed financing terms and negotiating protections for unsecured creditors; (c) advising and representing the Committee with respect to negotiation and formulation of a plan of reorganization, including plan terms, distributions, and treatment of unsecured creditor claims; (d) participating in negotiations with the Debtors, secured lenders, and other stakeholders regarding restructuring matters; (e) appearing on behalf of the Committee in hearings and other proceedings before the Court; (f) reviewing pleadings, motions, and proposed orders affecting the interests of unsecured creditors; (g) investigating potential causes of action, avoidance claims, or estate claims where appropriate; and (h) providing general bankruptcy advice to the Committee in connection with this Case. HWA will charge the Committee based on its standard hourly rates: Partners $370 to $700 Associates/Of Counsel/Senior Attorneys $220 to $950 Paraprofessionals $60 to $225 The firm has neither shared nor agreed to share compensation with any party other than its internal personnel, pursuant to Bankruptcy Rule 2016(b). According to the filings, HWA is a "disinterested person" within the meaning of the Bankruptcy Code, after conducting a conflicts review of the Debtors, creditors, and parties in interest. The firm can be reached at: HUGHES WATTERS ASKANASE, LLP 1201 Louisiana, 28th Floor Houston, TX 77002 Telephone: (713) 590-4200 Facsimile: (713) 590-4230 E-mail: hmcintyre@hwa.com alopezcastro@hwa.com About ICryo Brands LLC ICryo Brands, LLC is a wellness company focused on cryotherapy and recovery-based health services offered through franchised and company-owned centers. ICryo Brands and affiliate, iCRYO Franchise Systems, LLC, filed Chapter 11 petitions (Bankr. S.D. Texas Case No. 26-90118) on January 21, 2026. At the time of the filing, both Debtors reported $1 million to $10 million in both assets and liabilities. Judge Christopher M. Lopez oversees the cases. Vickie L. Driver, Esq., at Driver Stephenson, PLLC is the Debtors' legal counsel. INSTANT BRANDS: Midea Loses Bid to Challenge Reorganization Plan ---------------------------------------------------------------- In the appeal styled GuangDong Midea Consumer Electric Manufacturing Company Limited; FoShan ShunDe Midea Electrical Heating Appliances Manufacturing Company Limited; Midea Electric Trading (Singapore) Co. Pte Ltd., Appellants, versus Corelle Brands (Texas) Inc.; Corelle Brands Acquisition Holdings LLC; Corelle Brands Acquisition Intermediate Holdings Inc.; Corelle Brands Holdings Inc.; Corelle Brands (Charleroi) LLC; Corelle Brands LLC; Corelle Brands (Corning) LLC; Corelle Brands (Latin America) LLC; EKCO Group, LLC; EKCO Housewares, Inc.; EKCO Manufacturing of Ohio, Inc.; Corelle Brands (Canada) ULC; Corelle Brands (Canada) Holding ULC; Corelle Brands ULC; Corelle Brands (GHC) LLC; Official Committee of Unsecured Creditors, Appellees, No. 25-20119 (5th Cir.), Judges Stuart Kyle Duncan, Catharina Haynes and Irma Carrillo Ramirez of the U.S. Court of Appeals for the Fifth Circuit upheld the judgment of the United States District Court for the Southern District of Texas that affirmed the denial of Midea's objection to the reorganization plan of Corelle by the United States Bankruptcy Court for the Southern District of Texas. Appellants are companies (collectively, "Midea") that manufacture the Instapot cooking appliance. Midea objected to the reorganization plan of Appellees (collectively, "Corelle") who, pre-bankruptcy, purchased Instapots from Midea. Midea's specific objection was to Corelle's plan to retain post-bankruptcy indemnification rights for products purchased under completed purchase orders. Corelle began selling Instapot multifunction cookers under a 2016 master supply agreement (MSA) with the manufacturer Midea. Under the MSA, Corelle would order Instapots from Midea via individual purchase orders (POs). The MSA contained two indemnification provisions. Under the first, Midea would compensate Corelle for losses caused by certain product recalls. Under the second, Midea had to obtain a product-liability insurance policy to indemnify Corelle against certain claims. In 2023, Corelle entered Chapter 11 bankruptcy proceedings and sought approval to sell most of its assets. Pursuant to the reorganization plan, Corelle split off and sold its appliances business. In doing so, Corelle assigned the Midea MSA to the purchaser. Midea objected, arguing thereorganization plan improperly allowed Corelle to retain indemnification rights for products purchased under previously executed POs. In Midea's view, the indemnification rights for completed POs should have been assigned along with the MSA. The bankruptcy court denied Midea's objections, finding the POs, along with their indemnification rights, were contracts severable from the MSA. As a result, the indemnification rights for the individual POs remained with Corelle, which had made those orders and continued to be exposed to potential liability for those products. Midea appealed this ruling to the district court, arguing that the MSA is a single indivisible agreement that incorporates all the POs made thereunder. Disagreeing, the district court affirmed the bankruptcy court's ruling, finding that both the structure of the MSA and the course of performance evidence showed the parties intended to, and did in practice, separately assent to each individual PO. Midea now appeals that ruling. Midea raises three main issues on appeal. First, Midea argues the district court erred by subjecting the bankruptcy court's divisibility ruling to clear-error review rather than de novo review. On this point, Midea adds that the bankruptcy court failed to make sufficient findings as to divisibility. Second, Midea argues the bankruptcy court erred in finding that the MSA and POs were divisible contracts. And third, Midea argues that a debtor's retention of pre-assignment indemnity claims under an assumed and assigned contract violates 11 U.S.C. Sec. 365(f). Contrary to Midea's argument, the panel concludes the district court properly reviewed the bankruptcy court's findings under the clear-error standard. In this case, clear-error review was appropriate because the bankruptcy court used course-of-performance evidence to resolve ambiguities in the contract. Midea argues that, contrary to the bankruptcy court's ruling, both the plain language of the MSA and the parties' course of performance show the MSA and POs were intended to be nondivisible contracts. The panel disagrees. The panel finds the intent of the parties, the subject matter of the agreement, and the parties' course of performance all support the finding that the POs were divisible from the MSA. Accordingly, the bankruptcy court did not err in denying Midea's objection to Corelle's reorganization plan based on contract divisibility. A copy of the Court's Opinion dated March 18, 2026, is available at http://urlcurt.com/u?l=XszJZD About Instant Brands Instant Brands designs, manufactures and markets a global portfolio of innovative and iconic consumer lifestyle brands: Instant, Pyrex, Corelle, Corningware, Snapware, Chicago Cutlery, ZOID and Visions. Instant Brands Holdings Inc. and Instant Brands Inc., and their affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 23-90716) on June 12, 2023. In the petition signed by Adam Hollerbach, chief restructuring officer, the Debtors disclosed up to $1 billion in both assets and liabilities. Judge David R. Jones oversees the case. Davis Polk & Wardwell LLP's Brian M. Resnick, Steven Z. Szanzer and Joanna McDonald serve as counsel to the Debtors. The Debtors also tapped Haynes and Boone, LLP as Texas counsel, Stikeman Elliott LLP as Canadian counsel, AlixPartners, LLP as financial advisor, Guggenheim Securities LLC as investment banker, and Epiq Corporate Restructuring, LLC as claims, noticing, agent, solicitation and administrative advisor. DLA Piper LLP (US) serves as counsel to the Official Committee of Unsecured Creditors. Ropes & Gray LLP serves as counsel to the DIP Lenders, and Moelis & Company LLC and Ankura Consulting Group, LLC act as advisors to the Term DIP Secured Parties. Skadden, Arps, Slate, Meagher & Flom LLP and Norton Rose Fulbright and Norton Rose Fulbright Canada LLP serve as counsel and FTI Consulting as financial advisor to the ABL DIP Secured Parties. Kramer Levin Naftalis & Frankel LLP serves as counsel to Cornell Capital. INVATECH PHARMA: Drug Supplier Says Co. Kept Mistaken Payments -------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that an Indian drugmaker has alleged that InvaTech Pharma Solutions, a bankrupt generic drug developer in New Jersey, kept hundreds of thousands of dollars in payments that were mistakenly sent to it instead of the rightful recipient. The allegations were raised in filings before the bankruptcy court overseeing InvaTech’s restructuring. According to the complaint, the funds were transferred in error during ongoing commercial transactions between the parties. The Indian company claims it promptly notified InvaTech of the mistake and demanded repayment, but the debtor allegedly failed to return the money. Now participating in the Chapter 11 proceedings, the Indian firm is seeking restitution and arguing that the disputed funds should be excluded from InvaTech's bankruptcy estate. The resolution of the dispute may play a role in determining creditor recoveries and the administration of the case, the report relays. 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.Â D.N.J. Case No. 25-11482) on February 13, 2025. In its petition, the Debtor reports estimated assets between $1 billion and $10 billion and estimated liabilities between $10 million and $50 million. The Debtor is represented by Daniel M. Stolz, Esq. at GENOVA BURNS LLC. JNL INVESTMENT: Hires The Madison Firm as Bankruptcy Counsel ------------------------------------------------------------ JNL Investment Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire The Madison Firm as attorney. The firm will render these services: (a) assist the Debtor with the necessary amendments to and preparation of its Chapter 11 petition, preparation of its schedules; (b) provide the Debtor with advice and counsel as to the bankruptcy proceedings; (c) respond to court documents and pleadings; (d) prepare a Chapter 11 plan and disclosure statement; and (e) attend court hearings on the Debtor's behalf and prepare a final decree. Jonathan Madison, Esq., the primary attorney in this representation, will be billed at his hourly rate of $500. The firm will receive a retainer of $6,000 from the Debtor. Mr. Madison 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: Jonathan Madison, Esq. The Madison Firm 345 California St., Ste. 600 San Francisco, CA 94104 Telephone: (415) 779-3177 About JNL Investment Group, Inc. JNL Investment Group, Inc. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-40185) on January 30, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. The Madison Firm serves as the Debtor's counsel. JOSHUA MASSINGILL: Hires Lane Law Firm PLLC as Bankruptcy Counsel ----------------------------------------------------------------- Joshua Massingill, Attorney at Law, PLLC, seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire The Lane Law Firm, PLLC as counsel. The firm will render these services: (a) assist, advise and represent the Debtor relative to the administration of the Chapter 11 case; (b) assist, advise and represent the Debtor in analyzing its assets and liabilities, investigate the extent and validity of lien and claims, and participate in and review any proposed asset sales or dispositions; (c) attend meetings and negotiate with the representatives of the secured creditors; (d) assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; (e) take all necessary action to protect and preserve the interests of the Debtor; (f) appear, as appropriate, before this Court, the appellate courts, and other courts in which matters may be heard and to protect the interests of the Debtor before said courts and the United States Trustee; and (g) perform all other necessary legal services in this case. The firm will be paid at these rates: Robert Lane, Partner $650 per hour Joshua Gordon, Partner $625 per hour Matthew Bourda, Sr. Counsel $625 per hour Zach Casas, Associate $575 per hour Kyle Garza, Associate $550 per hour Paralegals $250 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received multiple payments from the Debtor totaling $35,000. Mr. Lane disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 Email: notifications@lanelaw.com About Joshua Massingill, Attorney at Law, PLLC Joshua Massingill, Attorney at Law, PLLC, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-10460) on March 17, 2026, listing $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Shad M Robinson presides over the case. Robert Chamless Lane, Esq. at The Lane Law Firm PLLC serves as the Debtor's counsel. KDW REALTY: Membership Interest Public Auction Set for April 14 --------------------------------------------------------------- On April 14, 2026, starting at 11:00 a.m. Eastern Time, Auction Advisors, as Auctioneer, on behalf of Loan Originations LLC, a Delaware limited liability company ("Secured Party"), will offer for sale at a public auction under the Uniform Commercial Code, 100% of the limited liability company membership interests in: KDW REALTY, LLC, a Pennsylvania limited liability company (the "Borrower"). The Borrower owns fee simple interest in four (4) detached houses in and around Philadelphia, PA identified as follows: (i) 39 N Lindenwood Street, Philadelphia, PA 19139; (ii) 6117 Noble Street, Philadelphia, PA 19151; (iii) 6487 Milton Street, Philadelphia, PA 19119; and (iv) 1503 Grasshopper Rd, Huntingdon Valley, PA 19006. Keesha D. White ("White") is the current owner of 100% of the membership interests in the Borrower. To secure her obligations to Secured Party, among other actions, White pledged to Secured Party a first-priority, perfected security interest in and to her membership interests in the Borrower. The sale will be conducted virtually via online video conference. Instructions on how to become a "qualified bidder" and attend the auction via online video conference are set forth in the Terms & Conditions of Auction which are available online at www.AuctionAdvisors.com or by contacting Joshua Olshin of Auction Advisors at: Jolshin@AuctionAdvisors.com. Secured Party is and shall be a qualified bidder and shall be allowed to credit bid amounts due and owing to it by White in connection with any bids it may make with respect to the membership interests in the Borrower. The auction sale will be held to enforce the rights of Secured Party under the certain Security and Pledge Agreement and UCC financing statements identified on Schedule 1 hereto pursuant to which White granted Secured Party's predecessor in interest a security interest in, among other things, the membership interests in Borrower. Qualified bidders shall be required to post a $100,000.00 good faith deposit prior to bidding, which deposit will be required to be increased to twenty five percent (25%) of the successful bid by the successful bidder on or prior to 12:00 noon Eastern Time on April 16, 2026. Secured Party shall not be required either to post a good faith deposit or to increase its deposit as aforesaid. The sale will be FINAL and on an "AS-IS, WHERE IS, WITH ALL FAULTS" basis and will be made WITHOUT REPRESENTATION OR WARRANTY WHATSOEVER. The membership interests owned by White in the Borrower are unregistered securities under the Securities Act of 1933, and as such are subject to certain transfer restrictions. The membership interests owned by White in the Borrower will be sold as a single block. Secured Party reserves the right to establish all bidding procedures and requirements and to have prospective bidders reasonably demonstrate to the satisfaction of Secured Party that they are qualified investors and their ability to perform and close on the acquisition of the membership interests in the Borrower. Secured Party reserves the right to credit bid at the sale. Secured Party also reserves the right to adjourn, continue, or cancel the sale without further notice. Other terms and conditions of the sale are set forth in the Terms & Conditions. You are entitled to an accounting of the unpaid indebtedness secured by the membership interests of Borrower that we intend to sell for no additional charge. You may request an accounting by calling Joshua Olshin of Auction Advisors at: 212-375-1222 ext 705. White and the Borrower will remain obligated for any deficiency on the debt owed to Secured Party existing after the sale of the membership interests. Any surplus will be remitted to the Borrower. Certain additional but limited information available to the Secured Party regarding the Borrower will be made available via a secure data room to prospective bidders who execute a non-disclosure agreement. Such non-disclosure agreement, and other information and due diligence materials may be obtained by visiting www.AuctionAdvisors.com. Any interested bidder must satisfy the requirements to be a "qualified bidder" by no later than noon Eastern Time on April 13, 2026. The auction of the Membership Interests will commence at 11:00 a.m.. Eastern Time on April 14, 2026. KIDS FIRST: Unsecureds Will Get 19.5% of Claims over 4 Years ------------------------------------------------------------ Kids First Pediatric Therapy Inc. filed with the U.S. Bankruptcy Court for the Central District of California a Plan of Reorganization under Subchapter V dated March 20, 2026. Since its inception in 2008, the Debtor has sought to help all children thrive in their everyday lives. The Debtor provides occupational, physical, and speech therapy services for children facing a range of disabilities and developmental delays, including autism. Stephanie Martinez Martinez founded the Debtor initially as a solo practitioner, but has grown the Debtor into a company that generates approximately $120,000 in monthly revenue. While the Debtor does have competitors, it provides much needed services to an underserved demographic, children facing a range of disabilities and developmental delays. In late-2024, and early-2025, the Debtor experienced a significant turnover in its physical therapy department. The turnover of staff led to a sharp decline in revenue, with losses growing to $20,000 $30,000, per month. As a result, the Debtor was forced to take on the dreaded merchant cash advance ("MCA") loans, with extremely high interest rates. The Debtor attempted to transition and/or refinance its MCA loans with the more conventional SBA type loans. Unfortunately, the Debtor was unable to refinance the loans, and chose to file this instant bankruptcy to modify the existing MCA debt. The Plan is a reorganizing plan. As described in detail below, the Plan will be funded from Debtor's projected disposable income. Allowed administrative claims will be paid in full on the Effective Date, unless otherwise agreed to by the administrative claimant. The funds remaining after payment of allowed administrative claims and any priority tax claim will be paid pro rata to holders of allowed general unsecured claims over four years. The Plan will allow holders of allowed general unsecured claims to recover more than they would receive if the Debtor's assets were sold in a hypothetical chapter 7 liquidation and the proceeds paid out to the Debtor's creditors. In fact, the projected distribution of $27,290, results in a pro rata distribution of approximately 19.5% to holders of allowed general unsecured claims, which percentage distribution is significantly more than the approximately 0% general unsecured creditors would receive in a hypothetical chapter 7 liquidation. Class 2 consists of General Unsecured Claims. In full and final satisfaction of each, any, and all of their claims against the Debtor, each holder of a Class 2 allowed claim will receive cash payments from the general unsecured creditor pool equal to its pro rata share of the Debtor's projected disposable income over the life of the 4-year Plan. Allowed Class 2 Claims are projected to receive distributions totaling $27,290 from the general unsecured creditor pool, which the Debtor has valued at 19.5% on the dollar. Distributions to Class 2 claimants will be made in one distribution from the general unsecured creditor pool after administrative claims and priority unsecured claims are paid in full. Based on a projected Effective Date in July 2026, the distribution will be made on or about June 30, 2030, although this date is subject to change, in no event shall it be later than 4 years after the Effective Date of the Plan. The Debtor may prepay the distributions to Class 2 claimants at any time without prepayment penalty. The Debtor is dedicating all its projected disposable income for a period of four years to make all the payments under the Plan. The amount of the Debtor's projected disposable income. Class 3 consists of Equity Interest Holders. Upon the Effective Date of the Plan, Stephanie Martinez will continue serving as the Reorganized Debtor's President and Chief Executive Officer and will continue to do so during the four-year period that the Reorganized Debtor is performing under the Plan. The Debtor's projections demonstrate that through cash on hand and income generated by the Debtor over the life of the Plan, the Debtor will have the ability to make the payments due (1) on the Effective Date, (2) to administrative claim holders, (3) to Class 1 claim holders, and (4) to Class 2 claim holders. These projections are based upon the historical income and expenses of the Debtor, as well as the actual income and expenses incurred during the course of the Bankruptcy Case. Projected distributions to general unsecured creditors will decrease in the event administrative and/or priority distributions increase. The projected distribution of $27,290, to general unsecured creditors results in a pro rata distribution of approximately 19.5% to holders of allowed general unsecured claims, which percentage distribution is significantly more than the approximately 0% general unsecured creditors would receive in a hypothetical chapter 7 liquidation. The Debtor anticipates funding the Plan by dedicating all its projected disposable income over four years to pay its creditors under the Plan. A full-text copy of the Plan of Reorganization dated March 20, 2026 is available at https://urlcurt.com/u?l=ZWWdiq from PacerMonitor.com at no charge. Counsel to the Debtor: David A. Wood, Esq. Aaron E. De Leest, Esq. Sarah R. Hasselberger, Esq. Marshack Hays Wood LLP 870 Roosevelt Irvine, CA 92620 Telephone: (949) 333-7777 Facsimile: (949) 333-7778 Email: dwood@marshackhays.com About Kids First Pediatric Therapy Kids First Pediatric Therapy, Inc., is a pediatric healthcare company providing therapy services for children, including physical, occupational, and speech therapy. The company is committed to enhancing developmental progress and overall well-being for its patients. Kids First Pediatric Therapy, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21513) on December 22, 2025. In its petition, the Debtor disclosed up to $1 million in both assets and liabilities. Honorable Bankruptcy Judge Deborah J. Saltzman handles the case. The Debtor is represented by David Wood, Esq., at Marshack Hays Wood, LLP. KINGDOM LAND: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Kingdom Land Investment Group Inc 7301 W. 25th Street, Suite 268 Riverside, IL 60546 Business Description: Kingdom Land Investment Group Inc, headquartered in Riverside, Illinois, is a real estate investment firm that owns and operates residential properties in the Chicago metropolitan area. Its holdings include a multi-family property at 5426 W. Flournoy Street, Chicago, IL 60644, maintained as a rental income asset. The company focuses on multi-unit residential investments, catering primarily to tenants while pursuing long-term asset growth and income generation. Chapter 11 Petition Date: March 29, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-05529 Judge: Hon. Michael B Slade Debtor's Counsel: Penelope Bach, Esq. BACH LAW OFFICES P.O. Box 1285 Northbrook, IL 60065 Tel: (847) 564-0808x216 Fax: (847) 564-0985 Email: pnbach@bachoffices.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Lamar D. Johnson as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/JOVPJCI/Kingdom_Land_Investment_Group__ilnbke-26-05529__0001.0.pdf?mcid=tGE4TAMA KITCHEN AND BATH: Hires Offit Kurman PC as Bankruptcy Counsel ------------------------------------------------------------- Kitchen and Bath Design Center Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to hire Offit Kurman, P.C. as bankruptcy counsel. The firm will render these services: a. take all necessary action to protect and preserve the Debtor's estate; b. prepare motions, applications, answers, orders, reports, and papers in connection with the administration and prosecution of the Debtor's chapter 11 case; and c. perform all other legal services in connection with the chapter 11 case that are reasonable or necessary to satisfy the obligations and duties required of a chapter 11 debtor. M. Jermaine Watson, Esq., a bankruptcy partner at Offit Kurman, P.C., will charge $695 per hour for his services. Ms. Watson 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: M. Jermaine Watson, Esq. OFFIT KURMAN, P.C. Plaza of the Americas 700 N. Pearl Street, Suite 1610 Dallas, TX 75201 Telephone: (214) 377-7879 Facsimile: (214) 420-9891 Email: jermaine.watson@offitkurman.com About Kitchen and Bath Design Center Inc. Kitchen and Bath Design Center Inc., operating as The Design Center, a Texas-based kitchen and bathroom design retailer. The company specializes in custom kitchen and bathroom design services, cabinetry, fixtures, and related home improvement products. Kitchen and Bath Design Center Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-42476) on August 26, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $500,000 and $1 million. The Debtor is represented by Cantey Hanger, LLP. LAKE BUENA VISTA: Plan Exclusivity Period Extended to May 19 ------------------------------------------------------------ Lake Buena Vista Investments, LLC, asked the U.S. Bankruptcy Court for the Middle District of Florida to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to May 19 and July 16, 2026, respectively. The Debtor claims that it is working with its new management company to review and assess its ongoing financial projections in order to support a proposed plan of reorganization, and also intends to use such projections to negotiate with various creditors regarding their treatment in a proposed plan. Accordingly, the Debtor requires additional time to negotiate and finalize any such agreements. The Debtor explains that it is unaware of any other party who wishes to file a competing plan. This Motion is the Debtor's first request for an extension of exclusivity and solicitation. The Debtor asserts that it is seeking an extension in good faith and not to unnecessarily delay the progress of the case. Such an extension, if granted, will not prejudice the legitimate interests of creditors and other parties in interest. The Debtor's Counsel: Aaron Wernick, Esq. WERNICK LAW PLLC 2255 Glades Rd. Ste 324A Boca Raton, FL 33431 Tel: (561) 961-0922X1 E-mail: aw@wernicklaw.com About Lake Buena Vista Investments Lake Buena Vista Investments, LLC, is a Florida-based limited liability company engaged in activities related to real estate under NAICS 5313. Its principal assets are located at 12341-12353 Winter Garden Vineland Road in Orlando, Florida, a site encompassing hospitality and commercial properties. Lake Buena Vista Investments sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06768) on Oct. 21, 2025, listing between $10 million and $50 million in both assets and liabilities. The petition was signed by Jack Flechner as manager. Judge Hon. Grace E Robson oversees the case. The Debtor is represented by Aaron A. Wernick, Esq., at Wernick Law, PLLC. LAMOUR COMMUNITY: Court Denies Bid to Use Cash Collateral --------------------------------------------------------- Lamour Community Health Institute, Inc. failed to win court approval to use cash collateral to fund operations. The U.S. Bankruptcy Court for the District of Massachusetts issued a proceeding memorandum and order denying the Debtor's bid to use cash collateral. The order entered on March 24 follows the court's earlier order approving the appointment of a Chapter 11 trustee. The Debtor was previously allowed to access cash collateral through March 25 under the court's March 12 interim order. The March 12 granted secured creditors -- Life Insurance Community Investment Initiative, LLC and Rockland Trust -- replacement liens on post-petition assets similar to their pre-petition collateral. About Lamour Community Health Institute Inc. Lamour Community Health Institute, Inc. is a nonprofit organization providing behavioral health services to adults, adolescents, and children. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-10499) on March 9, 2026. In the petition signed by Patrice Lamour, president, the Debtor disclosed up to $10 million in both assets and liabilities. John O. Desmond, Esq. represents the Debtor as legal counsel. LUGANO DIAMONDS: Ex-CEO Wins Bid to Remand Case to State Court -------------------------------------------------------------- The Hon. Fred W. Slaughter of the U.S. District Court for the Central District of California granted the motion of Defendant Mordechai Ferder to remand the case captioned as Lugano Diamonds and Jewelry, Inc. v. Mordechai Ferder et al. Lugano Diamonds & Jewelry Inc.'s motion to transfer the case to the United States Bankruptcy Court for the District of Delaware is denied as moot. In this case, Plaintiff Lugano Diamonds & Jewelry Inc. pleads claims against Defendant Mordechai Ferder and Defendant VAD & Company, Inc. for allegedly stealing millions of dollars and exposing Plaintiff to significant potential liabilities and reputational harm. Defendant, as the then-Chief Executive Officer ("CEO"), allegedly created liabilities for Plaintiff but disguised them as direct sales, forged invoices and sale documents, sent out empty box shipments, falsely recorded the money from third party individuals as revenue, and concealed the repayment obligations. Defendant misappropriated Plaintiff's funds to repay some of the third-party individuals by concealing the repayments as legitimate business expenses and vendor payments, and he has potentially exposed Plaintiff to over $100 million in liability. In the First Amended Complaint, Plaintiff pleads claims for fraud, concealment, constructive fraud, breach of fiduciary duty, civil theft, conversion, money had and received, intentional interference with contract, and voidable transfer. Defendant moves for remand, arguing: (1) that the principles of abstention require remand under 28 U.S.C. Sec. 1334(c); and (2) that the equities overwhelmingly favor remand under 28 U.S.C. Sec. 1452(b). Defendant argues that the case should be remanded under Section 1334(c) because this case meets every substantive criterion for mandatory abstention. The District Court finds that mandatory abstention under Section 1334(c) is not appropriate in this case because there is no pending state court proceeding. The District Court finds the interests in judicial economy and efficient administration of justice weigh in favor of remanding this case. Defendant cites eight other related cases pending in Orange County Superior Court. According to the District Court, by remanding this case back to Orange County state court, the parties would avoid piecemeal litigation in this court and Orange County state court. Although no single factor is determinative of whether a case may be remanded under Section 1452(b), the court need only find "any equitable ground" to remand the case. In this case, the District Court Court finds sufficient equities weigh in favor of remanding this action under Section 1452(b). This case is remanded to Orange County Superior Court as case number 30-02025-01492210-CU-CO-CJC. A copy of the Court's Order dated March 13, 2026, is available at https://urlcurt.com/u?l=cSfrO8 from PacerMonitor.com. About Lugano Diamonds & Jewelry Inc. Lugano Diamonds & Jewelry, Inc. designs, manufactures, and retails high-end jewelry, offering rings, necklaces, earrings, bracelets, and brooches produced through an in-house workshop and a network of specialized vendors. It operates boutiques in affluent and destination markets such as Newport Beach, Aspen, Houston, Palm Beach, Chicago, and Ocala, and also sells through equestrian events and pop-up showrooms. Lugano Diamonds & Jewelry and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12055) on November 16, 2025. The affiliates that filed for Chapter 11 separately are Lugano Buyer Inc. (Case No. 25-12052), K.L.D. Jewelry LLC (Case No. 25-12053), Lugano Prive LLC (Case No. 25-12054), and Lugano Prive LLC (Case No. 25-12056). In its petition, Lugano Diamonds & Jewelry reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. J. Michael Issa, chief restructuring officer, signed the petition. Judge Brendan Linehan Shannon presides over the cases. The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Keller Benvenutti Kim, LLP as bankruptcy counsel; GlassRatner Advisory & Capital Group, LLC as restructuring advisor; and Armory Securities, LLC as investment banker. Omni Agent Solutions, Inc. is the Debtors' claims, noticing and administrative agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as legal counsel and Force Ten Partners, LLC as financial advisor. LURIN REAL: Seeks to Hire Newmark as Real Estate Broker ------------------------------------------------------- Lurin Real Estate Holdings XXI, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Southwest Residential Partners Inc. d/b/a Newmark as real estate broker for the Latitude Debtor. Newmark will provide these services: (a) market the Property together with all buildings, improvements, appurtenances, and fixtures related to the Property; (b) market all of the Latitude Debtor's interests in leases, rents, security deposits related to the Property; (c) market all of the Latitude Debtor's interests in licenses, permits, and third-party warranties or guaranties (if transferable) related to the Property; (d) market all of the Latitude Debtor's interests in any trade names (if transferable) related to the Property; and (e) market all of the Latitude Debtor's tangible personal property located on the Property. Newmark shall receive a commission of 35 basis points (0.35%) of the Purchase Price upon a completed sale of all or a portion of the Property as defined in the Engagement Agreement. According to court filings, Newmark is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Matt Saunders, Vice Chairman Southwest Residential Partners Inc. d/b/a Newmark 2530 Walsh Tarlton Ln, Suite 200 Austin, TX 78746 Telephone: (512) 342-8100 About Lurin Real Estate Holdings XXI LLC Lurin Real Estate Holdings XXI LLC is a real estate investment and development company focused on commercial and residential property holdings across multiple U.S. markets. Lurin Real Estate Holdings XXI LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-90344) on March 02, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $50 million to $100 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Joshua W. Wolfshohl, Esq. of Porter Hedges LLP. LYCRA COMPANY: Seeks to Hire Kroll Restructuring as Claims Agent ---------------------------------------------------------------- The Lycra Company, LLC and its affiliated debtors seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Kroll Restructuring Administration LLC as claims, noticing, and solicitation agent. Kroll will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Kroll received an advance payment of $75,000 from the Debtors. Benjamin Steele, a managing director at Kroll, 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: Benjamin Steele Kroll Restructuring Administration LLC 55 East 52nd Street, 17th Floor New York, NY 10055 About The LYCRA Company The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries and owns the leading consumer brands: LYCRA(R), LYCRA HyFit(R), LYCRA(R) T400(R), COOLMAX(R), THERMOLITE(R), ELASPAN(R), SUPPLEX(R) and TACTEL(R). Headquartered in Wilmington, Delaware, U.S., The LYCRA Company is recognized worldwide for its sustainable products, technical expertise, and marketing support. The LYCRA Company focuses on adding value to its customers' products by developing unique innovations designed to meet the consumer's need for comfort and lasting performance. Learn more at thelycracompany.com. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90399) on March 17, 2026. In the petition signed by Dean Williams, chief financial officer, the disclosed up to $500 million in both assets and liabilities. Judge Christopher M. Lopez oversees the case. Arsalan Muhammad, Esq., at Haynes and Boone LLP, represents the Debtor as legal counsel. MARINE TRANSPORT: Employs Law Office of Garry Pogil as Counsel -------------------------------------------------------------- Marine Transport Logistic Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ the Law Office of Garry Pogil as special counsel. The firm will provide these services: (a) representing the Debtor with respect to the Debtor's two State Court appeals; and (b) pursuing appeals as to the two actions listed herein. According to filings, the compensation consists of a flat fee of $3,000 per proceeding for the two appeals in Svetlana Anuchina v. Marine Transport Logistic Inc, et al., Index No. 503777/19 and Commonwealth Leasing, Inc v. Marine Transport Logistic Inc., Index No. 150478/2023. Law Office of Garry Pogil represents no interest adverse to the Debtor or her estate and is disinterested, as that term is defined by Section 101(14) of the Bankruptcy Code. The firm can be reached at: Law Office of Garry Pogil 1120 Avenue of the Americas, 4th Floor New York, NY 10036 About Marine Transport Logistic Marine Transport Logistic Inc., doing business as a vehicle and freight shipping company, operates as a Non-Vessel Operating Common Carrier (NVOCC), providing international transportation services for cars, motorcycles, boats, heavy equipment, and general cargo. The Company runs facilities in Staten Island, New York, and Bayonne, New Jersey, and serves clients through major U.S. ports and global destinations. Marine Transport Logistic Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43215) on July 3, 2025. In its petition, the Debtor reports total assets of $11,228,169 and total liabilities of $476,401. Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtors are represented by Alla Kachan, Esq. at LAW OFFICES OF ALLA KACHAN, P.C. MARTIN PERL: Collateral Public Sale Scheduled for April 16 ---------------------------------------------------------- In accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, by virtue of certain Event(s) Default under that certain Pledge and Security Agreement dated as of July 20, 2020 (the "Pledge Agreement"), executed and delivered by Martin Perl, Miriam Perl and Chaim Zelik (collectively the "Pledgor"), and in accordance with it rights as holder of the security, Maguire Sunnyside LLC (the "Secured Party"), by virtue of possession of that certain Share Certificate held in accordance with Article 8 of the Uniform Commercial Code of the State of New York (the "Code") and by virtue of those certain UCC-1 Filing Statement made in favor of Secured Party, all in accordance with Article 9 of the Code, Secured Party will offer for sale, at public auction, (i) all of Pledgor’s right, title, and interest in and to the following: Emcee Realty LLC (the "Pledged Entity"), and (ii) certain related rights and property relating thereto (collectively, (i) and (ii) are the "Collateral"). Secured Party's understanding is that the principal asset of the Pledged Entity is that certain fee interest in real property commonly known as 45-45 39th Street a/k/a 45-41/45-49 39th Street, Long Island City, New York 11304 (the "Property"). Mannion Auctions, LLC ("Mannion"), under the direction of Matthew D. Mannion, William E. Mannion and/or John O'Keefe (the "Auctioneer"), will conduct a public sale consisting of the Collateral (as set forth in Schedule A below), via virtual bidding on April 16, 2026 at 1:00 p.m., in satisfaction of an indebtedness in the approximate amount of $1,900,000.00, including principal plus interest, and reasonable fees and costs, plus default interest through April 16, 2026, subject to open charges and all additional costs, fees and disbursements permitted by law. The Secured Party reserves the right to credit bid. Online bidding will be made available for pre-registered bidders with Mannion Auctions, 299 Broadway, Suite 1601, New York, NY 10007, Phone 212-267-6698, Email: mdmannion@jpandr.com, on or before April 15, 2026 at 4:00 p.m. to place a bid. Bidder Qualification Deadline: April 15, 2026 by 4:00 p.m. Executed Terms & Conditions of Sale along with deposit in the amount of $190,000.00 (to be submitted to Mannion Auctions or Vallely Mitola Ryan PLLC are required for consideration by any interested party and submitted directly to Mannion Auctions or Vallely Mitola Ryan PLLC. SCHEDULE A: Pledged Interest: Martin Perl, Miriam Perl and Chaim Zelik. ISSUER: Emcee Realty LLC, a New York limited company. INTERESTS PLEDGED: 100% membership interest. The UCC1 was filed on July 28, 2020 with the Secretary of State of New York under Filing No. # 202007280315027. Vallely Law PLLC, Attn: Erick R. Vallely, Esq., Attorneys for Secured Party, 6851 Jericho Turnpike, Suite 165, Syosset, New York 11791, (516) 386-3900. MEADOW CREEK: Seeks to Hire Angel I. Falcon as Special Counsel -------------------------------------------------------------- Meadow Creek Farm of NY Realty, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ The Law Office of Angel I. Falcon as special counsel. The firm's services include: a. drafting and negotiating the Contract of Sale and any other documents leading up to the Contract of Sale; b. representation during the signing of the Contract; c. representation during the due diligence period; d. communication with the attorney for the buyer, building agents, financial institutions, brokers and other relevant parties to the sale; and e. representation at the actual closing. The firm will receive a flat fee of $2,000. Angel Falcon, Esq., a member at The Law Office of Angel I. Falcon, 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: Angel I. Falcon, Esq. The Law Office of Angel I. Falcon 1127 US-9 Suite 2 Wappingers Falls, NY 12590 Phone: (845) 687-3000 About Meadow Creek Farm of NY Realty Meadow Creek Farm of NY Realty, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-35241) on Mar. 7, 2025. In its petition, the Debtor reported up to $1 million in both assets and liabilities. Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by Genova, Malin & Trier LLP. MEDPLUS URGENT: Motion to Compel Rule 2004 Examinations Stayed -------------------------------------------------------------- Judge Selene D. Maddox of the U.S. Bankruptcy Court for the Northern District of Mississippi stayed the Motion to Compel Further Rule 2004 Examinations filed by Dr. Michael G. Turner, Karol B. Turner, and M&K Equipment Rentals, LLC in the bankruptcy case of MedPlus Urgent Clinic, LLC, pending the outcome of the Motion for Relief from Opinion and Order of Dismissal filed in Lee County Chancery Court Cause No. 41CH1:20-cv-01413-M. The Debtor is directed bring this matter back to this Court's attention when a ruling on the Motion for Relief is entered by the trial court. A copy of the Court's Order dated March 20, 2026, is available at https://urlcurt.com/u?l=XUx5s2 from PacerMonitor.com. About MedPlus Urgent Clinic MedPlus Urgent offers urgent care and wellness services with the convenience of walk-in hours until 7 pm, 7 days a week. MedPlus Urgent Clinic, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Miss. Case No. 24-11163) on April 23, 2024, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Samantha Logan as managing member. Craig M. Geno, Esq. at the Law Offices Of Craig M. Geno, PLLC, is the Debtor's counsel. MEMPHIS MADE: Hires Taylor Auction & Realty Inc as Auctioneer ------------------------------------------------------------- Memphis Made Brewing Company, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Tennessee to hire Taylor Auction & Realty, Inc. as auctioneer. The auctioneer proposes to charge the following: -- 10% buyer's premium assessed on the hammer bid of the personal property; -- 10% seller's commission assessed on the hammer bid of the personal property; and -- If a single offer for the entirety lot is received, the 10% seller's commission shall be waived. In addition, the Auctioneer will charge the following expenses: Social Media Campaign $1,500 Website Coverage $1,000 Brewery Site Listing $2,000 Print Marketing $1,000 Executive E-mail Blast $500 ------ Total $6,000 Benny Taylor, a partner at Taylor Auction & Realty, Inc., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Benny Taylor Taylor Auction & Realty, Inc. P.O. Box 357 Grenada, MS 38902 Phone: (662) 226-2080 About Memphis Made Brewing Company Memphis Made Brewing Company, LLC operates a small-batch craft brewery and taproom in downtown Memphis, Tennessee. It produces a variety of beers that are distributed locally to restaurants, bars, and retail establishments across the Memphis area. Memphis Made Brewing Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 25-23931) on August 7, 2025, with $1 million to $10 million in assets and liabilities. Andrew Ashby, vice president, signed the petition. Judge M Ruthie Hagan presides over the case. Toni Campbell Parker, Esq., at the Law Firm of Toni Campbell Parker represents the Debtor as bankruptcy counsel. Guaranty Bank and Trust Company, as lender, is represented by R. Lee Webber, Esq., at Martin, Tate, Morrow & Marston, PC, in Memphis, Tennessee. MIC MANAGEMENT: Commences Chapter 11 Bankruptcy in California ------------------------------------------------------------- On March 23, 2026, Mic Management LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to approximately 1 to 49 creditors. About Mic Management LLC Mic Management LLC is a business management and consulting firm that provides operational, administrative, and financial management services to various enterprises. The company focuses on supporting business efficiency and organizational oversight. Mic Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12147) on March 23, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Magdalena Reyes Bordeaux handles the case. The Debtor is represented by Giovanni Orantes, Esq., of Orantes Law Firm PC. MSUR MM: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------ On March 24, 2026, MSUR MM LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the Debtor reports between $1MM and $10MM in debt owed to 1–49 creditors. About MSUR MM LLC Msur Mm LLC is a business entity engaged in commercial operations, potentially involving investment, management, or service-related activities. MSUR MM LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-35307) on March 24, 2026. In its petition, the Debtor reports estimated assets of $1MM to $10MM and estimated liabilities of $1MM to $10MM. Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by J. Ted Donovan, Esq. of Goldberg Weprin Finkel Goldstein LLP. MULTI-COLOR CORP: Secures OK for Reduced DIP Funding ---------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that on Friday, March 27, 2026, a New Jersey bankruptcy judge granted Multi-Color Corp. interim access to half of its proposed $125 million Chapter 11 financing package, approving a plan that provides immediate liquidity as the label manufacturer navigates its restructuring. The company emphasized the need for prompt funding to avoid operational disruptions. Under the order, Multi-Color can tap $62.5 million in debtor-in-possession financing to cover essential expenses, including payroll, supplier payments and other day-to-day costs. The remaining portion of the financing will be considered at a later hearing, where parties will have the opportunity to raise objections, according to report. The company indicated that the financing is a key component of its restructuring strategy, supporting ongoing operations while it evaluates long-term options. The interim relief gives Multi-Color breathing room as it works through its Chapter 11 case, Law360 reports. About Multi-Color Corp. Multi-Color Corporation (MCC) provides prime label solutions to some of the world's most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.â€™s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. NAS LOGISTICS: Case Summary & 15 Unsecured Creditors ---------------------------------------------------- Debtor: NAS Logistics LLC 821 Greenview Dr Grand Prairie, TX 75050-2439 Business Description: NAS Logistics LLC provides interstate freight transportation services as a for-hire motor carrier based in Grand Prairie, Texas. Founded in 2019, the company transports general freight using a fleet of tractors and trailers across U.S. routes. Its operations focus on long-haul trucking services for shippers requiring over-the-road cargo transport. Chapter 11 Petition Date: March 30, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-41387 Judge: Hon. Mark X. Mullin Debtor's Counsel: Craig D. Davis, Esq. DAVIS, ERMIS & ROBERTS, P.C. 2000 E Lamar Blvd Ste. 780 Arlington TX 76006-7341 Tel: (817) 265-8832 E-mail: davisdavisandroberts@yahoo.com Total Assets: $1,602,223 Total Liabilities: $2,367,478 The petition was signed by Nahla Hamed as member or general manager. A copy of the Debtor's list of its 15 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XWF2IQY/NAS_Logistics_LLC__txnbke-26-41387__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/F4DVUTY/NAS_Logistics_LLC__txnbke-26-41387__0001.0.pdf?mcid=tGE4TAMA NBG MACHINE: Seeks to Hire Juan C Bigas Law Office as Counsel ------------------------------------------------------------- NBG Machine Builders & Precision Tooling Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to hire Juan C Bigas Law Office to handle its Chapter 11 case. Juan C Bigas Law Office received a retainer in the amount of $7,700, against which the firm will bill on the basis of $350 per hour. In addition, the firm will seek reimbursement for work-related expenses. As disclosed in court filings, Juan C Bigas Law Office is a "disinterested person" pursuant to Section 101(14) of the Bankruptcy Code. The firm can be reached through: Juan Carlos Bigas Valedon, Esq. Juan C Bigas Law Office 515 Ferrocarril Urb. Santa Maria Ponce, PR 00717 Phone: (787) 259-1000 Email: cortequiebra@yahoo.com citas@preguntalegalpr.com About NBG Machine Builders & Precision Tooling Inc. NBG Machine Builders & Precision Tooling Inc., based in Sabana Grande, Puerto Rico, delivers precision machining and custom tooling solutions for industrial clients. Its operations include manufacturing precision parts for the pharmaceutical sector and general manufacturing, repairing and maintaining critical production components, and providing technical support for automated systems and industrial equipment. Founded in 2006 and led by President Welderman Matos Alemany, the company employs a few staff. NBG Machine Builders & Precision Tooling Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 26-010870) on March 13, 2026, listing $1,060,708 in assets and $862,799 in liabilities. The petition was signed by Welderman Matos Alemany as president. Juan Carlos Bigas Valedon, Esq., at Juan C Bigas Law Office represents the Debtor as bankruptcy counsel. NEIGHBORHOOD RESTAURANT: Seeks Chapter 11 Bankruptcy in Georgia --------------------------------------------------------------- On March 24, 2026, Neighborhood Restaurant Partners Florida LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $10MM and $50MM in debt owed to 1,000–5,000 creditors. About Neighborhood Restaurant Partners Florida LLC Neighborhood Restaurant Partners Florida LLC is a restaurant operating entity focused on managing and operating dining establishments in Florida. Neighborhood Restaurant Partners Florida LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-53946) on March 24, 2026. In its petition, the Debtor reports estimated assets of $10MM to $50MM and estimated liabilities of $10MM to $50MM. The Honorable Bankruptcy Judge is overseeing the case. The Debtor is represented by J. Robert Williamson, Esq., of Scroggins, Williamson & Ray, P.C. NEWPORT OVERLOOK: Hires Hilco Real Estate as Real Estate Broker --------------------------------------------------------------- Newport Overlook Association, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Rhode Island to hire Hilco Real Estate, LLC as real estate agents. The firm's services include: a. development of a sales strategy with the Debtor, including meeting with the Debtor to ascertain its goals, objectives, and financial parameters in selling certain real property; b. solicitation of interested parties for the sale of the property and marketing of the Property for sale through a managed qualifying bid process; and c. negotiation, at the Debtor's direction, for the sale of the property. In the event the property is sold, Hilco shall earn a fee equal to 6 percent of the gross sale proceeds. The Debtor shall reimburse Hilco for all reasonable and customary reimbursable expenses capped at $25,000. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Eric W. Kaup Hilco Real Estate LLP 5 Revere Dr., Ste. 410 Northbrook, IL 60062 Telephone: (855) 755-2300 About Newport Overlook Association, Inc. Newport Overlook Association provides real estate brokerage services, assisting clients in buying, selling, and leasing residential and commercial properties. Newport Overlook Association, Inc. in Jamestown, RI, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D.R.I. Case No. 25-11000) on Dec. 17, 2025, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. Amy Houle Caruso as president, signed the petition. Judge John A Dorsey Jr. oversees the case. CHASE RUTTENBERG & FREEDMAN, LLP serve as the Debtor's legal counsel. NEWPORT OVERLOOK: Seeks to Tap Serhant New England as Local Agents ------------------------------------------------------------------ Newport Overlook Association, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Rhode Island to hire Hillary Olinger and Dominique Frazier of Serhant New England LLC as local real estate agents. The agents will perform real estate consulting and advisory services and market and sell the Debtor's real property consisting of 19 condominium units located at 150 Bay View Drive, Units 1-19. The firm's services include: a. development of a sales strategy with the Debtor, including meeting with the Debtor to ascertain its goals, objectives, and financial parameters in selling certain real property; b. solicitation of interested parties for the sale of the property and marketing of the Property for sale through a managed qualifying bid process; and c. negotiation, at the Debtor's direction, for the sale of the property. Local brokers, in coordination with Hilco, will receive these fees: a. In the event the property is sold, Serhant shall earn a fee equal to six percent of the gross sale proceeds. The allocation of the Commission between Local Brokers and Hilco shall depend on the structure of the sale, as follows: i. Bulk Sale (Property sold as a single transaction): Hilco shall receive four percent (4%) of the Gross Proceeds and Local Brokers shall receive two percent (2%) of the Gross Sale Proceeds. ii. Individual Unit Sales: Hilco shall receive three and 50/100 percent (3.5%) of the Gross Sale Proceeds, and Local Brokers shall receive two and 50/100 percent (2.5%) of the Gross Sale Proceeds. The Debtor shall reimburse Serhant for all reasonable and customary reimbursable expenses capped at $25,000. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The brokers can be reached through: Hillary Olinger Dominique Frazier Serhant New England LLC 134 Spring Street Newport, RI 02840 Phone: (401) 382-0600 About Newport Overlook Association, Inc. Newport Overlook Association provides real estate brokerage services, assisting clients in buying, selling, and leasing residential and commercial properties. Newport Overlook Association, Inc. in Jamestown, RI, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D.R.I. Case No. 25-11000) on Dec. 17, 2025, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. Amy Houle Caruso as president, signed the petition. Judge John A Dorsey Jr. oversees the case. CHASE RUTTENBERG & FREEDMAN, LLP serve as the Debtor's legal counsel. NIED OWNERSHIP: UCC Public Sale Scheduled for May 8 --------------------------------------------------- In accordance with applicable provisions of the Uniform Commerdal Code as enacted in the State of New York, by virtue of Common Member Event(s) of Default under that certain Limited Liability Company Agreement of Nied Member, LLC, a Delaware limited liability company ("Company"), dated as of March 1, 2023 (the"Company Operating Agreement"), between Nied Ownership LLC, a Delaware limited liability company ("Debtor"), as Common Member, and PCRED II HOLDING XVIII, a Delaware limited liability company ("Original Secured Party") as Preferred Investor, ACRE CFPORTFOLIO LLC, a Delaware limited liability company ("Secured Party"), the current Preferred Investor, will offer for sale at public auction all of the Debtor's right, title and interest in and to the Common Member interests of Company, and all other rights and privileges of any type or nature now existing or hereafter acquired by Debtor in respect of such Common Member interests, as described more fully in the Terms of Public Sale, collectively, the "Collateral". The public sale (the "Sale") will take place at 11:00 a.m. Eastern Time on May 8, 2026, both in person from the offices of Proskauer Rose, LLP Eleven Times Square, 28th Floor, New York, New York 10036, and virtually via Zoom at the following link: https://bit.ly/NiedUCC (URL is case sensitive). Password to be provided to bidders that qualify and certify as "Accredited Investors" ("Qualified Buyers"). Secured Party's understanding is that: (i) The princpal asset of Debter is its limited liability company interests in Company, as the Common Member of Company. (ii) The principal assets of Company are its limited liability interests in 12 entities (each a "Subsidiary" and collectively, the "Subsidiaries"). (iii) The principal asset of each Subsidiary is its direct and indirect ownership interest(s) in various entities, including its indirect ownership interest in 12 entities ("Property Owners") that own and/or operate real property located throughout Florida (the "Properties"). (iv) Seven Properties are multifamily housing, one Property is senior housing, one Property is student housing and three Properties are undeveloped land. (v) Ten of the 12 Properties are subject to senior mortgage loans. (vi) Certain Subsidiaries, and therefore Company, indirectly own less than 100% of 9 Property Owners. The following table shows each Subsidiary's, and therefore Company's, indirect ownership percentage in each Property Owner: Name of Subsidiary Indirect Ownership % in Property Owner 1. NAPMF LLC, a Florida limited liability company - 50% of Aston Park MF, LLC, a Delaware limited liability company 2. NLWAD, LLC, a Florida limited liability company - 69.26% of LWAD Phase I, LLC, a Florida limited liability company 3. NMRAD, LLC, a Florida limited liability company - 100% of MRAD Phase I, LLC, a Florida limited liability company 4. NMRAD II, LLC, a Florida limited liability company - 100% of MRAD Phase Il, LLC, a Florida limited liability company 5. NMWAD II, LLC, a Florida limited liability company - 95.75% of MWAD Phase II, LLC, a Florida limited liability company 6. NRRAD, LLC, a Florida limited lability company - 60% of RRAD Phase I, LLC, a Florida limited lability company 7. NVIAD I, LLC, a Florida limited liability company - 83.52% of VIAD Phase I, LLC, a Florida limited liability company 8. NVIAD II, LLC, a Florida limited liability company - 83.52% of VIAD Phase II, LLC, a Florida limited liability company 9. NMWAD, LLC, a Florida limited liability company - 95.75% of MWAD Phase 1, LLC, a Florida limited liability company 10. 444 Park Apartments Development LLC, a Florida limited liability company - 100% of 949 Cleveland Street, LLC, a Florida limited liability company 11. NAWAD LLC, a Florida limited liability company - 50% of AWAD Phase I LLC a Florida limited liability company 12. NLLAD, LLC, a Florida limited liability company - 75% of LLAD Phase I, LLC, a Florida limited liability company MannionAuctions, LLC ("Mannion"),under the direction of Matthew D. Mannion, Auctioneer, (the "Auctioneer"), will conduct the Sale in respect of amounts due to Secured Party as Preferred Investor under the Company Operating Agreement subject to all additional costs, fees and disbursements permitted by law. The Sale of the Collateral involves the sale of the Common Member Interest in Company and does not involve the direct sale of the Properties. Collateral is being sold "As Is, Where Is". Auction will take place "With Reserve". The Secured Party reserves the right to credit bid for the Collateral at the auction. The Sale will be subject to all terms and conditions set forth in the "Terms of Public Sale" The Collateral will be sold to the highest qualified bidder; provided, however, that Secured Party reserves the right to cancel the Sale in its entirety, or to adjourn the Sale to a future date. Interested parties who would like additional information regarding the Collateral and the Terms of the Public Sale are required to execute a confidentiality agreement which can be obtained by contacting Brett Rosenberg, Jones Lang LaSalle Americas, Inc., 330 Madison Ave Floors 3-5, New York, New York 10017, (212) 812-5926, Brett.Rosenberg@jll. com, or by can be found at www.FLPortfolioUCCSale.com. NORTH COUNTRY: Seeks to Hire Resolute Commercial as Advisor ----------------------------------------------------------- North Country Health Care Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Resolute Commercial Services, LLC as financial advisor and Jeremiah Foster as Wind Down Officer. Mr. Foster will provide these services: (a) review and assess financial information, projected cash flows, and liquidation strategies; (b) serve as the principal contact for the Debtor effective no earlier than April 1, 2026, with the ability to delegate communications as necessary; (c) oversee preparation and finalization of cash flow budgets, monthly and quarterly operating reports, wind-down budget, the Debtor's disclosure statement, and plan of liquidation; (d) identify and, if applicable, implement cost-reduction and operational improvements during the wind-down, and manage relationships with former employees, El Rio Health, creditors, and other estate constituents; (e) direct actions to safeguard, preserve, protect, and maximize the value of the estate's assets, coordinate liquidation of assets, wind down remaining operations, make personnel decisions for independent contractors, coordinate termination or rejection of contracts, review claims and determine claim objections, and assess creditor payments for possible avoidance actions. Resolute will provide the following financial advisory services: (a) analyze past financial information to prepare cashflow reports and wind-down budget; (b) prepare monthly and quarterly operating reports; (c) analyze claims asserted against the estate as part of the claims reconciliation process; (d) value estate assets for purposes of liquidation; (e) work with independent contractors as necessary to implement liquidation; (f) aid in closeout activities, including vendor and creditor communications; and (g) analyze creditor payments for possible avoidance action claims. Mr. Foster shall receive a flat monthly fee of $20,000 under 11 U.S.C. § 328(a). Resolute's personnel will charge a blended hourly rate of $500 for financial advisory services, with additional alternative and supplemental compensation: (i) a fee equal to 10% of all recoveries from avoidance actions, and (ii) a disposition fee equal to 3% of the gross sale proceeds for any sale of the Debtor's real estate, excluding the condominium at 2525 Eva Loop, Flagstaff, AZ. An initial retainer of $30,000 will be held by Resolute to secure approved fees and expense reimbursements. Resolute and Mr. Foster are disinterested within the meaning of 11 U.S.C. § 101(14) and do not hold or represent any interest adverse to the Debtor or its bankruptcy estate. The firm can be reached at: Jeremiah Foster Resolute Commercial Services, LLC 6750 E. Camelback Road, Suite 103 Scottsdale, AZ 85251 Telephone: (480) 947-3321 About North Country Health Care Inc. North Country HealthCare, Inc. is a federally qualified community health center in Flagstaff, Ariz., which provides comprehensive primary and preventive healthcare services, including medical, dental, behavioral health, and specialty care, to patients across Northern Arizona. The organization operates clinics in 11 communities along the I-40 corridor and surrounding rural and underserved areas, offering services such as family medicine, pediatrics, obstetrics and gynecology, telemedicine, and health screenings. Founded in 1991 as the Flagstaff Community Free Clinic, it has since expanded into the region's primary community health center. North Country HealthCare also supports education and clinical training for healthcare students. North Country Health Care sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on December 19, 2025, listing between $10 million and $50 million in both assets and liabilities. Judge Daniel P. Collins oversees the case. The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones & Giles, PLC. NORTH COUNTRY: Taps Jeremiah Foster of Resolute Commercial as WDO ----------------------------------------------------------------- North Country Healthcare, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Resolute Commercial Services, LLC as financial advisor and its principal, Jeremiah Foster as wind down officer. The Debtor's Chapter 11 case is focused on the wind-down and liquidation of its operations in connection with a pending sale of substantially all of its assets to El Rio Santa Cruz Neighborhood Health Center, Inc. Resolute will assist in consummating the El Rio sale, and to maximize recoveries for the benefit of creditors. Mr. Foster will oversee all wind-down activities, coordinate with Resolute's engagement personnel, and take such other actions as are necessary and appropriate to effectuate an orderly liquidation and disposition of the Debtor's assets. Mr. Foster will be employed and compensated at a flat monthly rate of $20,000 for his services. Resolute will charge the Debtor at a blended hourly rate of $500 per hour for all financial advisory services. Resolute shall receive: (i) a success fee equal to 10% of all recoveries from avoidance actions; and (ii) a disposition fee equal to 3% of the gross sale proceeds for any sale of the Debtor's real estate, excluding the condominium located at 2525 Eva Loop, Flagstaff, Arizona. Resolute requires an initial retainer of $30,000. Mr. Foster assured the court that he and his firm are disinterested within the meaning of 11 U.S.C. Sec. 101(14) and do not hold or represent any interest adverse to the Debtor or its bankruptcy estate. The firm can be reached through: Jeremiah Foster Resolute Commercial Services, LLC 6750 E. Camelback Road, Suite 103 Scottsdale, AZ 85251 Phone: (480) 947-3321 About North Country Health Care Inc. North Country HealthCare, Inc. is a federally qualified community health center in Flagstaff, Ariz., which provides comprehensive primary and preventive healthcare services, including medical, dental, behavioral health, and specialty care, to patients across Northern Arizona. The organization operates clinics in 11 communities along the I-40 corridor and surrounding rural and underserved areas, offering services such as family medicine, pediatrics, obstetrics and gynecology, telemedicine, and health screenings. Founded in 1991 as the Flagstaff Community Free Clinic, it has since expanded into the region's primary community health center. North Country HealthCare also supports education and clinical training for healthcare students. North Country Health Care sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12293) on December 19, 2025, listing between $10 million and $50 million in both assets and liabilities. Judge Daniel P. Collins oversees the case. The Debtor is represented by Philip J. Giles, Esq., at Allen, Jones & Giles, PLC. NRPF GROUP: Seeks Chapter 11 Bankruptcy in Georgia -------------------------------------------------- On March 24, 2026, Nrpf Group Two, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to approximately 1 to 49 creditors. About Nrpf Group Two, LLC Nrpf Group Two, LLC is a business entity that operates as part of a broader investment or real estate holding structure, managing assets and financial interests. The company focuses on overseeing investments and maintaining portfolio holdings. Nrpf Group Two, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-53945) on March 24, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Sage M. Sigler handles the case. The Debtor is represented by Ashley Reynolds Ray, Esq. of Scroggins, Williamson & Ray, P.C. NSNETWORK CORPORATION: Commences Chapter 11 Bankruptcy in Illinois ------------------------------------------------------------------ On March 23, 2026, Nsnetwork Corporation, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Nsnetwork Corporation, Inc. Nsnetwork Corporation, Inc. is a business entity engaged in network-related or technology services. Nsnetwork Corporation, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05134) on March 23, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The Debtor is represented by Laxmi P. Sarathy of Whitestone, P.C. OMNI HEALTH: Seeks to Extend Plan Exclusivity to May 19 ------------------------------------------------------- Omni Health Services, Inc., asked the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to May 19 and July 18, 2026, respectively. This Motion is the Debtor's first request for an extension of its exclusive periods and represents a proposed extension of 60 days for each period. In the instant case, cause for an extension of exclusivity exists because the Debtor needs additional time to restructure its budget and operations in order to incorporate the court-approved rejection of certain of the Debtor's unexpired commercial leases and the commensurate consolidation of the Debtor's operations. The Debtor explains that it would be premature (at best), as well as a waste of time, effort and resources, including judicial resources, to require the Debtor to file a plan by March 20, 2026 to maintain its right to exclusivity. The Debtor asserts that it should be afforded a full and fair opportunity to negotiate, propose, and seek acceptances to a confirmable plan of reorganization. The Debtor believes that an extension of the exclusive periods is warranted and appropriate under the circumstances and should be granted. The Debtor further asserts that the extension requested will not prejudice the legitimate interests of any creditor and will likely afford parties in interest an opportunity to pursue to fruition the beneficial objectives of a consensual reorganization. The Debtor's Counsel: David B. Smith, Esq. SMITH KANE HOLMAN, LLC 112 Moores Road Suite 300 Malvern, PA 19355 Tel: 610-407-7215 Fax: 610-407-7218 E-mail: dsmith@skhlaw.com About Omni Health Services Omni Health Services, Inc., is a community-based mental health services provider operating 12 locations across Pennsylvania and New Jersey. Omni Health Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 25-14727) on Nov. 20, 2025, listing between $1 million and $10 million in assets and liabilities. Michael Thevar, president of Omni Health Services, signed the petition. Judge Ashely M. Chan oversees the case. David B. Smith, Esq., at Smith Kane Holman, LLC, is serving as the Debtor's legal counsel. P Y T-SHIRTS: Taps Havkin & Shrago as General Insolvency Counsel ---------------------------------------------------------------- P Y T-Shirts Silk Screening Co. Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Havkin & Shrago, Attorneys at Law, as general insolvency counsel. The firm will provide these services: (a) represent the Debtor at its Initial Debtor Interview; (b) represent the Debtor at its meeting of creditors pursuant to Bankruptcy Code Section 341(a), or any continuance thereof; (c) represent the Debtor at all hearings before the United States Bankruptcy Court; (d) advise the Debtor regarding matters of bankruptcy law; (e) prepare on behalf of the Debtor all necessary legal papers; (f) advise the Debtor regarding matters of bankruptcy law; (g) represent the Debtor with regard to all contested matters; (h) represent the Debtor with regard to the preparation of a plan of reorganization and the negotiation and implementation of a plan of reorganization; (i) analyze any secured, priority, or general unsecured claims that have been filed in the Debtor's bankruptcy case; (j) negotiate with the Debtor's secured and unsecured creditors regarding the amount and payment of their claims; (k) object to claims as may be appropriate; and (l) perform all other legal services for the Debtor as may be necessary, other than adversary proceedings which would require a further written agreement. The firm will be paid at these rates: Stella Havkin, Partner $625 per hour David Jacob, Associate $400 per hour Laura Bach, Paralegal $175 per hour In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer in the sum of $25,000 from the Debtor. Ms. Havkin 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: Stella Havkin, Esq. Havkin & Shrago 21650 Oxnard Street, #1540 Woodland Hills, CA 91367 Tel: (818) 999-1568 Fax: (818) 293-2414 About P Y T-Shirts Silk Screening Co. Inc. P Y T-Shirts Silk Screening Co. Inc. operates a long-standing t-shirt imprinting and silk-screening business in the City of Vernon. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal Case No. 2:26-bk-11613-DS) on February 22, 2026. The Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Deborah J. Saltzman oversees the case. Stella Havkin, Esq. represents the Debtor as legal counsel. PACER PRINT: Amends Midland States Bank Secured Claims Pay ---------------------------------------------------------- Pacer Print submitted a First Amended Disclosure Statement describing Chapter 11 Plan dated March 20, 2026. Pacer provides custom packaging and commercial printing services. Its product line includes custom boxes, labels, bags, and other containers, each imprinted with client logos, advertising and product information. Class 6 consists of the Secured Claim of Midland States Bank dba Midland Equipment Finance (assignee of Liberty Capital Group). Based on a scheduled claim of $418,696. Payments include interest amortization at 6% and begin in month 4 @ $2500/month and increase to $3750/month beginning in month 49 with a balloon payment of $366,030 after month 72. Total principal and interest paid during plan is $202,500. Plan payments plus the balloon payment equals $568,530. The payment schedule stated in this paragraph will be modified in the last month to account for the $418k claim amount vs. the $421k amount in the Debtor's projection. Like in the prior iteration of the Plan, General Unsecured Claims in Class 11 total $2,596,041.81. Unsecured claims are paid at 10% over the 6-year plan. Monthly payments begin in month 7 at $1,573 per month pro rata and increase in years 3 and 4 to $3,933 per month pro rata and increase in years 5 and 6 to $4,720 and $6,887 respectively. Total unsecured payments paid during the plan are $259,604. The Debtor is paying a set amount of money which the Debtor believes will amount to 10%. The actual percentage may be higher or lower and this depends on any rejection claims being filed, any secured claims being reclassified or any unsecured claims being amended. As to any contractual provision in any writing, entered into prepetition and/or through the Plan's Effective Date with the Debtor and that asserts an entitlement to attorneys' fees and costs against the Debtor, such provision is nullified and of no legal force from and after the Effective Date. Class 12 consists of Equity Interest Holders Peter Varady and Naomi Gonzales, 50% interest each. Acquiring the interests in the Reorganized Debtor. However, the equity interests shall not vest until the Debtor has made the first 10 monthly payments to the unsecured creditors. The Plan will be funded by the following: the Debtor's business operation. The Debtor anticipates having $90,000 on hand from ongoing operations. The Debtor does not intend to sell any assets in order to fund the Plan. The hearing where the Court will determine whether or not to confirm the Plan will take place on May 20, 2026, at 1:00 p.m. in Courtroom 201 of the U.S. Bankruptcy Court located at 1415 State Street, Santa Barbara, CA 93101. Ballots must be received by April 30, 2026 during business hours or it will not be counted. Objections to the confirmation of the Plan must be filed with the Court and served upon the Debtor of the U.S. Trustee not later than April 30, 2026. A full-text copy of the First Amended Disclosure Statement dated March 20, 2026 is available at https://urlcurt.com/u?l=NyU3Pi from PacerMonitor.com at no charge. Counsel to the Debtor: Steven R. Fox, Esq. The Fox Law Corporation, Inc. 17835 Ventura Blvd., Suite 306 Encino, CA 91316 Tel: (818) 774-3545 Fax: (818) 774-3707 E-mail: srfox@foxlaw.com About Pacer Print Pacer Print, a company in Simi Valley, Calif., provides custom packaging and commercial printing services. Pacer Print filed Chapter 11 petition (Bankr. C.D. Cal. Case No. 25-10187) on Feb. 18, 2025, with up to $10 million in both assets and liabilities. Peter Varady, managing agent, signed the petition. Judge Ronald A. Clifford III oversees the case. Steven R. Fox, at the Fox Law Corporation, Inc., is serving as the Debtor's bankruptcy counsel. PITTS FUNERAL: Hires Accessible Agency LLC as Accountant -------------------------------------------------------- Pitts Funeral Home & Cremation Service, LLC seeks approval from the United States Bankruptcy Court for the Western District of Pennsylvania to hire Iesha Griffin, of Accessible Agency LLC as accountant. The firm's services include: a. financial record reconstruction; b. preparation of Monthly Operating Reports required by the United States Trustee; c. financial reporting and analysis; d. accounts payable and receivable review; e. payroll administration and payroll reporting; f. coordination with bankruptcy counsel; and g. financial and operational restructuring support for the Debtor's business operations. The firm will be paid at these rates: Managing Partners & Financial Consultant $250 Senior Financial Analyst $225 Financial Reporting Specialist $200 Accounting/Bookkeeping Support $175 Administrative Support $125 Ms. Griffin, managing partner at Accessible Agency, assured the court that she has no connection with Debtor, or any other party in interest, holds no position or interest adverse to that of the Debtor, and is a disinterested person under applicable provisions of the Bankruptcy Code. The firm can be reached through: Iesha Griffin Accessible Agency LLC 429 Fourth Avenue, Suite 300 Pittsburg, PA 15219 Tel: (412) 822-6070 Fax: (833) 233-773 Email: general@accessibleagency.com support@accessibleagency.com About Pitts Funeral Home & Cremation Service Pitts Funeral Home & Cremation Service, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. W.D. Pa. Case No. 25-23211 CMB) on November 25, 2025. At the time of the filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $100,001 and $500,000. Honorable Judge Carlota M. Bohm oversees the case. Rodney D. Shepherd, Esquire serves as the Debtor's legal counsel. PMB PROPERTY: 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 PMB Property Improvements, 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 PMB Property Improvements LLC PMB Property Improvements, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02068) on March 17, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Luis Ernesto Rivera II prtesides over the case. Daniel A. Velasquez, Esq. at Latham, Luna, Eden & Beaudine, LLP represents the Debtor as legal counsel. POLYKUP INC: Joseph Schwartz Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Joseph Schwartz, Esq., at Riker Danzig Scherer Hyland & Perretti, LLP, as Subchapter V trustee for Polykup Inc. Mr. Schwartz will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Schwartz declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joseph L. Schwartz, Esq. Riker Danzig Scherer Hyland & Perretti, LLP One Speedwell Avenue, Morristown, NJ 07962-1981 Phone: (973) 451-8506 Email: jschwartz@riker.com About Polykup Inc. Polykup Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12672) on March 11, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge John K. Sherwood presides over the case. PRIMEMED MARKETING: Seeks to Hire Baker & Associates as Counsel --------------------------------------------------------------- PrimeMed Marketing LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Reese W. Baker and Baker & Associates to serve as legal counsel. Mr. Baker will provide these services: (a) analyzing the financial situation, and rendering advice and assistance to the Debtor; (b) advising the Debtor with respect to its duties as debtor; (c) preparing and filing of all appropriate petitions, schedules of assets and liabilities, statements of affairs, answers, motions and other legal papers; (d) representing the Debtor at the first meeting of creditors and such other services as may be required during the course of the bankruptcy proceedings; (e) representing 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, including without limitation all adversary proceedings; (f) preparing and filing of a Disclosure Statement (if required) and Chapter 11 Plan of Reorganization; and (g) assisisting the Debtor in any matters relating to or arising out of the captioned case. For legal services rendered, PrimeMed Marketing LLC has agreed to compensate Baker & Associates in accordance with its normal billing practices. The firm's attorneys and paralegals will be paid at these hourly rates: Attorneys Reese W. Baker $575 Sonya Kapp $500 Nikie Marie Lopez-Pagan $550 Paralegals Nicole Bates $195 Harrison Camp $150 Stephanie Del Toro $135 Jennifer Gutierrez $150 Maria Jimenez $150 Gabby Martinez $150 Susanne Taylor $195 According to court filings, Baker & Associates is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Reese W. Baker, Esq. Baker & Associates 950 Echo Lane, Ste. 300 Houston, TX 77024 Tel: (713) 869-9200 Fax: (713) 869-9100 About PrimeMed Marketing LLC PrimeMed Marketing LLC is a Houston, Texas-based marketing and distribution company specializing in promoting innovative employer healthcare benefit models to brokers and other intermediaries. It focuses on marketing strategy, integration of bundled healthcare services, and support tools designed to increase adoption and effectiveness of alternative benefit solutions within the employer market. The firm does not directly provide healthcare services but serves as a conduit between healthcare solution providers and broker networks. PrimeMed Marketing LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-31520) on March 5, 2026, with $1 million to $10 million in assets and $0 to $50,000 in liabilities. Robert Thompson, managing member, signed the petition. Judge Eduardo V. Rodriguez presides over the case. Reese Baker, Esq., at BAKER & ASSOCIATES represents the Debtor as legal counsel. PRIMROSE CANDY: Hires Amin Wasserman Gurnani as Special Counsel --------------------------------------------------------------- Primrose Candy Co. received approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Amin Wasserman Gurnani, LLP as special counsel. The firm will assist the Debtor with its annual audit being conducted by the FDA and any compliance requirements emanating from this audit. The firm's hourly rates are: Partners $640 to $995 Associates $600 to $720 Legal Assistants $200 to $670 Robert Durkin, Esq., a partner in Amin, Wasserman & Gurnani, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Robert Durkin, Esq. Amin Wasserman Gurnani, LLP 230 West Monroe, Suite 1405 Chicago, IL 60606 Phone: (312) 466-1033 Email: rdurkin@awglaw.com About Primrose Candy Co. Primrose Candy Co. manufactures confectionery products, including hard and chewy candies, caramel, taffy, and popcorn-based sweets, and provides contract manufacturing, private-label, and packaging services for branded and specialty food products. Founded in 1928, it is a family-owned business operating a large production facility in Chicago, Illinois, serving customers across the United States. Primrose Candy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-01430) on January 27, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $10 million to $50 million. The Debtor tapped David K. Welch, Esq., at Burke, Warren, MacKay & Serritella, PC as counsel and Development Specialists, Inc. as financial advisor. PRINCE LAND: Amends Unsecured Claims Pay Details ------------------------------------------------ Prince Land, Inc., submitted a Second Amended Disclosure Statement describing Chapter 11 Plan dated March 23, 2026. The Debtor believes that confirmation of this Chapter 11 plan can provide the Debtor with relief to overcome its losses, continue operating, and keep its many employees employed. The Debtor acknowledges that there are two competing claims in this case arising from the same transaction: Claim #21 (as amended) filed by America Walks in the amount of $11,837,460.06 and Claim #23 filed by United States Fire Insurance Company ("USFIC") in the amount of $14,918,860.08. An arbitration proceeding pending between these parties to determine whether USFIC is obligated to pay the claim of America Walks in accordance with the terms of the bond. It is not expected that a determination will be made prior to the conclusion of this plan confirmation process. Otherwise, in order to ensure a timely plan confirmation process, America Walks shall accept the payment due to it under Class Eighteen and hold these payments in escrow until there is a decision in the arbitration proceeding. In the event that America Walks is the prevailing party in the arbitration proceeding, it shall immediately tender any payments made to it under the plan to USFIC and the Debtor shall immediately begin making the Class 18 payment to USFIC at the notice address on the Proof of Claim. Class Eighteen consists of General Unsecured Claims. The general unsecured claims prior to the filing of any objections total the amount of $26,595,009.47. For purposes of plan distributions, the Debtor shall make the payment due to either America Walks or USFIC to America Walks which shall be paid over the five-year term of the Plan at the rate of 3,500per month on a pro-rata basis. The plan distributions will commence on the Effective Date of the Plan. The dividend to this class of creditors is subject to change upon the determination of objections to claims. To the extent that the Debtor is successful or unsuccessful in any or all of the proposed Objections, then the dividend and distribution to each individual Class of General Unsecured Claims then the dividend and distribution to each individual creditor will be adjusted accordingly. These claims are impaired. The Debtor will continue to operate and be managed by Bruce Prince, the President and sole shareholder. The Debtor believes that the Plan of Reorganization provides the best value for the creditors' claims and is in their best interest. Attached are cash flow Projections setting forth a projected budget of the Debtor for the five-year term of the Plan. A full-text copy of the Second Amended Disclosure Statement dated March 23, 2026 is available at https://urlcurt.com/u?l=PVHwYD from PacerMonitor.com at no charge. Counsel to the Debtor: Dana Kaplan, Esq. Kelley Kaplan & Eller, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Tel: (561) 491-1200 Fax: (561) 684-3773 E-mail: bankruptcy@kelleylawoffice.com About Prince Land Inc. Prince Land, Inc., is a corporation organized under the laws of the State of Florida which operates as a heavy civil contractor. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-18992-EPK) on August 1, 2025. In the petition signed by Bruce Prince, president, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Erik P. Kimball oversees the case. Craig I. Kelley, at Kelley Kaplan & Eller, PLLC, is the Debtor's legal counsel. PROSPECT MEDICAL: Second Amended Joint Chapter 11 Plan Takes Effect ------------------------------------------------------------------- IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION In re: PROSPECT MEDICAL HOLDINGS, INC., et al. Debtors. Chapter 11 Case No. 25-80002 (SGJ) (Jointly Administered) NOTICE OF OCCURRENCE OF EFFECTIVE DATE OF SECOND AMENDED JOINT CHAPTER 11 PLAN OF PROSPECT MEDICAL HOLDINGS, INC. AND ITS DEBTOR AFFILIATES PURSUANT TO CHAPTER 11 OF THE BANKRUPTCY CODE TO ALL CREDITORS, INTEREST HOLDERS, AND OTHER PARTIES IN INTEREST: On December 15, 2025, the United States Bankruptcy Court for the Northern District of Texas (the "Court") entered the Order Confirming the Amended Joint Chapter 11 Plan of Prospect Medical Holdings, Inc. and its Debtor Affiliates (the "Confirmation Order") confirming the Second Amended Joint Chapter 11 Plan of Prospect Medical Holdings, Inc. and its Debtor Affiliates (as may be altered, amended, modified, or supplemented from time to time, including all exhibits and schedules thereto, the "Plan"). On March 6, 2026, the Effective Date of the Plan occurred. Each of the conditions precedent to consummation enumerated in Article IX.A of the Plan have been satisfied or waived in accordance with the Plan and the Confirmation Order. The Court has approved certain release, exculpation, injunction, and related provisions in Article VIII of the Plan. On the Effective Date, except as otherwise set forth in the Plan or Confirmation Order, the terms of the Plan became effective and enforceable and deemed binding upon and inure to the benefit of the Debtors, the Plan Administrator, the GUC Trust, the GUC Trust Trustee, any and all Holders of Claims or Interests, (regardless of whether such Holders of Claims or Interests accepted or rejected, or were deemed to have accepted or rejected, the Plan), all Entities that are parties to or subject to the settlements, compromises, releases, and injunctions described in the Plan, each Entity acquiring property under the Plan or the Confirmation Order, and any and all non-Debtor parties to Executory Contracts and/or Unexpired Leases with the Debtors, the Released Parties, and each of their respective successors and assigns. Pursuant to the Plan and the Confirmation Order, the deadline for filing requests for payment of Professional Compensation Claims is forty-five (45) days after the Effective Date, unless otherwise ordered by the Court. Pursuant to the Article V of the Plan and the Confirmation Order, except as otherwise provided in the Plan or Confirmation Order, all Executory Contracts and/or Unexpired Leases (excluding the Indemnification Obligations and the D&O Liability Insurance Policies) not otherwise assumed, assumed and assigned, or rejected pursuant to an order of the Bankruptcy Court, will be deemed rejected, in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code other than (a) the Global Settlement Agreement and (b) those Executory Contracts or Unexpired Leases that are (1) identified on the Deferred Decision Schedule; or (2) the subject of an unresolved Cure dispute as of the Effective Date and shall be assumed, assumed and assigned, or rejected, as applicable, upon the resolution of such Cure dispute in accordance with any Sale Transactions. Any Deferred Decision Contract or Deferred Decision Lease removed from the Deferred Decision Schedule prior to the Deferred Decision Deadline and not otherwise identified on the Schedule of Assumed Executory Contracts and Unexpired Leases shall be deemed rejected effective as of the date set forth in the applicable Deferred Decision Rejection Notice. All Proofs of Claim with respect to Claims arising from the rejection of Executory Contracts and/or Unexpired Leases, pursuant to the Plan or Confirmation Order, if any, must be Filed with the Notice and Claims Agent and served upon counsel to the Plan Administrator within thirty (30) days of (a) the Effective Date, (b) service of any Deferred Decision Rejection Notice, or (c) the Deferred Decision Deadline, as applicable. Any Claims arising from the rejection of an Executory Contract or Unexpired Lease pursuant to the Plan and Confirmation Order that are not timely Filed within thirty (30) days of (a) the Effective Date, (b) service of any Deferred Decision Rejection Notice, or (c) the Deferred Decision Deadline, as applicable, will be disallowed automatically, forever barred from assertion, and shall not be enforceable against, as applicable, the Debtors, the Estates, the Plan Administrator, or any of their respective assets and properties. The Plan and the Confirmation Order contain other provisions that may affect your rights. You are encouraged to review the Plan and the Confirmation Order in their entirety. If you would like to obtain a copy of the Confirmation Order, the Plan, the Disclosure Statement Order, the Disclosure Statement, the Solicitation Procedures, or related documents, such materials are available free of charge by: (a) accessing the Debtors’ restructuring website at https://omniagentsolutions.com/Prospect; (b) writing to Prospect Medical Holdings, Inc. Ballot Processing c/o Omni Agent Solutions, Inc. 5955 De Soto Ave., Suite 100 Woodland Hills, California 91367; (c) calling (818) 510-3746 (toll free) or (888) 550-3239 (international); or (d) emailing ProspectInquiries@OmniAgnt.com. You may also obtain copies of any pleadings filed in these chapter 11 cases for a fee via PACER at https://ecf.txnb.uscourts.gov/ About Prospect Medical Holdings Prospect Medical Holdings owns Roger Williams Medical Center, Our Lady of Fatima Hospital, and several other healthcare facilities. Prospect Medical Holdings and its affiliates filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 25-80002) on January 11, 2025. At the time of the filing, Prospect Medical Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Stacey G. Jernigan handles the cases. The Debtors' bankruptcy attorneys are Thomas R. Califano, Esq., and Rakhee V. Patel, Esq., at Sidley Austin LLP, in Dallas, Texas; and William E. Curtin, Esq., Patrick Venter, Esq., and Anne G. Wallice, Esq., at Sidley Austin LLP, in New York. The Debtors also tapped Alvarez & Marsal North America, LLC as financial advisor; Houlihan Lokey, Inc. as investment banker; and Omni Agent Solutions, Inc. as claims, noticing and solicitation agent. Suzanne A. Koenig is the patient care ombudsman appointed in the Debtors' cases. QUANERGY SYSTEMS: Court Narrows Claims in Sabby, et al., Suit ------------------------------------------------------------- Judge John G. Koeltl of the U.S. District Court for the Southern District of New York denied in part and granted in part the motion for summary judgment filed by Quanergy's officers and directors in the case captioned as SABBY VOLATILITY WARRANT MASTER FUND, LTD, ET AL., Plaintiffs, - against - KEVIN J. KENNEDY, ET AL., Defendants, Case No. 23-cv-00601-JGK (S.D.N.Y.). The plaintiffs -- Sabby Volatility Warrant Master Fund Ltd. ("Sabby"), SZOP Multistrat LP ("SZOP"), Alto Opportunity Master Fund-SPC-Segregated Master Portfolio B ("Alto"), and Hudson Bay Master Fund Ltd. ("Hudson") -- are purchasers in a public offering (the "Offering") of units consisting of Quanergy Systems, Inc. ("Quanergy") common stock and warrants. They bring this action against Quanergy's officers and directors (the "defendants") under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act"). The plaintiffs allege that, in connection with a public offering, the defendants made untrue statements of material fact, omitted material facts necessary to make the statements made not misleading, and that the Offering materials otherwise failed to provide adequate disclosure. On November 1, 2022, Quanergy filed a final prospectus with the United States Securities and Exchange Commission (the "SEC"). The prospectus warned of the risk of delisting from the NYSE and described two potential bases for noncompliance: (1) failure to maintain an average closing share price of at least $1.00 over a consecutive 30-trading-day period, for which the NYSE provided a six-month cure period; and (2) failure to maintain an average market capitalization of at least $50 million over a consecutive 30-trading-day period, for which the NYSE provided an eighteen-month cure period. The prospectus did not disclose, however, that Quanergy faced the risk of immediate delisting -- without any cure period -- if its average market capitalization fell below $15 million over a 30-trading-day period, the specific risk about which the NYSE had warned Quanergy on October 18. The prospectus disclosed that, even if Quanergy sold all of the units offered, it would have less than three months of operating expenses on hand and would therefore require additional capital to pursue its business plan. The prospectus stated that Quanergy "will need to engage in near-term equity or debt financings to secure additional funds." The prospectus did not disclose the Raymond James process or that, as of that time, the process had been unsuccessful in securing financing. The prospectus stated that Quanergy expected to use the net proceeds from the Offering for "general corporate purposes, including working capital, operating expenses and capital expenditures," and further disclosed that Quanergy's management "will have broad discretion in the application of the net proceeds." The plaintiffs contend, however, that the prospectus did not specifically disclose that Quanergy intended to use Offering proceeds to fund bankruptcy-related work for which Quanergy had already incurred hundreds of thousands of dollars in professional fees. On November 2, 2022, Quanergy conducted a public offering of registered securities (the "Offering") on the NYSE, priced at $1.70 per unit, with each unit consisting of one share of common stock and two warrants. The Offering was expected to generate gross proceeds of more than $16 million. On October 31, 2022, the plaintiffs collectively purchased an aggregate of 4.485 million units in the Offering for $7,624,500, at a price of $1.70 per unit. That same day, Alto and SZOP sold all of the shares they had purchased. Hudson purchased 1,175,000 shares on October 31, 2022, and sold 875,000 of those shares the same day. Hudson sold the remaining 300,000 shares on November 3, 2022. Sabby purchased 1,600,000 shares on October 31, 2022, sold 157,317 shares that same day, and sold an additional 64,567 shares on November 1, 2022. On November 8, 2022, Quanergy's stock closed at $0.71, causing its 30-trading-day average market capitalization to fall to approximately $14.9 million. That same day, the NYSE notified Quanergy that it had determined to commence delisting proceedings because Quanergy was not in compliance with the $15 million market-capitalization requirement, and the NYSE suspended trading and delisted Quanergy's stock and warrants after the market closed on November 8, 2022. On December 13, 2022, Quanergy filed a petition for relief under Chapter 11 of the Bankruptcy Code. Between December 13, 2022, and January 31, 2023, plaintiff Sabby sold its remaining 1,368,116 shares at prices ranging from $0.105 to $0.030 per share. This action was filed on January 24, 2023. On May 17, 2023, the defendants moved to dismiss the complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). The Court denied that motion. The defendants now move for summary judgment dismissing the complaint pursuant to Federal Rule of Civil Procedure 56. The defendants argue initially that because they have performed their requisite due diligence, they are exempt from liabilities. The defendants argue that each of them conducted a reasonable investigation and reasonably relied on the advice of Quanergy's in-house and outside counsel in "believing that the disclosures in the Offering Documents concerning the delisting risk, the Raymond James process, and the use of proceeds were adequate. The defendants also reprise several arguments raised in their motion to dismiss, contending that the alleged omissions are immaterial, that they had no affirmative duty to disclose the omitted information, and that the challenged statements in the prospectus were inactionable forward-looking statements. The defendants argue that the omission of the risk of delisting for failure to comply with the $15 million continued-listing requirement is immaterial because: (1) the $15 million requirement and Quanergy's market capitalization were publicly available, and (2) the prospectus's existing risk disclosures rendered any additional disclosure immaterial. According to the Court, Defendants' first contention is unpersuasive because the mere public availability of information does not, by itself, render an omission immaterial. As for the defendants' second contention, the Court has already rejected it in denying the motion to dismiss. In this case, the prospectus warned generally of delisting risk and identified the two other noncompliance scenarios with cure periods, but it did not disclose the specific risk of immediate delisting triggered by failure to satisfy the $15 million market-capitalization requirement. That general disclosure does not, as a matter of law, render the omitted risk immaterial. The Court finds because there is no evidence of corrective disclosure, leakage, or third-party disclosure, the defendants have shown a lack of loss causation as to those plaintiffs who sold their shares before the November 8, 2022 disclosure and as to the shares Sabby sold prior to November 8, 2022. The defendants' motion for summary judgment dismissing the claims of Alto, SZOP, and Hudson Bay is granted. The defendants' motion is also granted as to Sabby's claims to the extent Sabby sold shares before November 8, 2022, and denied as to Sabby's claims to the extent Sabby sold shares after November 8, 2022. A copy of the Court's Memorandum Opinion and Order dated March 17, 2026, is available at https://urlcurt.com/u?l=bUUb9k from PacerMonitor.com. About Quanergy Systems Quanergy Systems, Inc., designs, develops and markets Light Detection and Ranging (LiDAR) sensors and 3D perception software solutions that enable intelligent, real-time detection, tracking and classification of objects such as people and vehicles in mission-critical markets such as security, smart cities and industrial automation. The company is based in Sunnyvale, Calif. Quanergy Systems sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Delaware Case No. 22-11305) on Dec. 13, 2022, with $10 million to $50 million in both assets and liabilities. Larry Perkins, chief restructuring officer of Quanergy Systems, signed the petition. The Debtor tapped Young Conaway Stargatt & Taylor, LLP and Cooley, LLP as bankruptcy counsels; Seward & Kissel, LLP as special counsel; SierraConstellation Partners as restructuring advisor; FTI Consulting, Inc. as financial Advisor; and Raymond James Financial, Inc. as investment Banker. Bankruptcy Management Solutions, Inc., doing business as Stretto, Inc., is the claims, noticing and solicitation agent. RAD DIVERSIFIED: U.S. Trustee Appoints Creditors' Committee ----------------------------------------------------------- Guy Van Baalen, the Acting U.S. Trustee for Region 21, appointed an official committee to represent unsecured creditors in the Chapter 11 case of RAD Diversified REIT, Inc. The committee members are: 1. Lora Arneberg Email: loraarneberg@gmail.com Representative: Chip Denny 401 North Cattleman Road Sarasota, FL 34232 (941) 366-4680 cdenny@dglawyers.com 2. Eric Schrier Jacar Investments LLC Email: eric@jacarinvestments.com 3. Jeffrey E. Thomas Email:jthomas@6dinvestments.com 4. Jeff Dorr Email: Jeff.Dorr@Fluor.com 5. Valet Living, LLC 10150 Highland Manor Drive, Suite 120 Tampa, FL 33610 (813) 248-1327 legal@valetliving.com Representative: Isorys Dilone 813-205-8176 Isorys.Dilone@valetliving.com 6. Premiere Networks, Inc. 301 E. Pine Street, Suite 1150 Orlando, FL 32801 Representative: Kimberly Held Israel, Esq. 301 E. Pine Street, Suite 1150 Orlando, FL 32801 407-358-5619 kim.israel@kaufmandolowich.com 7. Jingjun “Jimmy” Wang Email: Silver.jimmy@silverjimmy.com 8. Steevenson Jolicoeur Email: batigolson@gmail.com 9. Steven L. Hemphill Email: Bravesfan1@prodigy.net Representative: Scott D. Stamatakis, Esq. 2701 West Busch Blvd. #209 Tampa, FL 33618 (813) 618-7555 Lawyerscottfl@gmail.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About RAD Diversified REIT Inc. RAD Diversified REIT, Inc are a group of entities engaged in acquiring, managing, renovating, repositioning, and operating real estate, primarily single-family residential properties and vacant lots across Florida, Pennsylvania, Texas, and New Jersey, with certain affiliates holding other types of real estate. RAD Diversified OZ Fund, LP, a Delaware limited partnership, focuses on investments in Qualified Opportunity Zone properties, while RAD Diversified REIT, Inc., a Maryland corporation, is structured to qualify as a real estate investment trust under U.S. tax law. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March 1, 2026. In the petition signed by Katie S. Goodman, chief restructuring officer, the Debtor disclosed up to $100 million in both assets and liabilities. Judge Catherine Peek Mcewen oversees the case. Joseph Pack, Esq., and Jessey J. Krehl, Esq., at Pack Law, represents the Debtor as bankruptcy counsel. The Debtors tapped Kapilamukamal, LLP as forensic accountant, financial analyst and financial advisor; GGG Partners, LLC as operations advisor; and Epiq Corporate Restructuring, LLC as noticing and claims agent. RAY'S PIZZA: Starts Chapter 11 Bankruptcy in Arizona ---------------------------------------------------- On March 25, 2026, Ray's Pizza 88 LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Ray's Pizza 88 LLC Ray's Pizza 88 LLC is a food service business engaged in the operation of a pizza restaurant offering prepared meals and related items. Ray's Pizza 88 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02881) on March 25, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Madeleine C. Wanslee handles the case. The Debtor is represented by Ronald J. Ellett, Esq. of Ellett Law Offices, P.C. RED RIVER: NJ Federal Court Boots Beasley Allen From J&J Talc MDL ----------------------------------------------------------------- Emily Sawicki of Law360 Bankruptcy Authority reports that a New Jersey federal judge has disqualified Beasley Allen Law Firm from representing a large group of plaintiffs in the Johnson & Johnson talc multidistrict litigation, finding that the firm's prior engagements posed a conflict of interest. The ruling removes the firm from a central role in the case. The court concluded that the firm's past work created overlapping interests that could compromise its representation of current clients. In emphasizing ethical obligations, the judge determined that disqualification was necessary to preserve confidence in the judicial process, the report states. The decision leaves hundreds of plaintiffs in need of new legal representation as the MDL proceeds. It also highlights ongoing procedural challenges in the complex litigation surrounding allegations tied to talc-based products, according to Law360. About J&J Talc Units LLT Management, LLC (formerly known as LTL Management LLC) was a subsidiary of Johnson & Johnson that was formed to manage and defend thousands of talc-related claims and oversee the operations of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue streams, including royalty revenue streams based on third-party sales of LACTAID, MYLANTA/MYLICON and ROGAINE products. LTL Management first filed a petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov. 16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time of the filing, the Debtor was estimated to have $1 billion to $10 billion in both assets and liabilities. In the 2021 case, LTL Management tapped Jones Day and Rayburn Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel; McCarter & English, LLP as litigation consultant; Bates White, LLC as financial consultant; and AlixPartners, LLP as restructuring advisor. Epiq Corporate Restructuring, LLC, served as the claims agent. On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9 reconstituted the talc claimants' committee and appointed two separate committees: (i) the official committee of talc claimants I, which represents ovarian cancer claimants, and (ii) the official committee of talc claimants II, which represents mesothelioma claimants. The official committee of talc claimants I tapped Genova Burns LLC, Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its legal counsel. Meanwhile, the official committee of talc claimants II is represented by the law firms of Cooley LLP, Bailey Glasser LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and Sherman Silverstein Kohl Rose & Podolsky P.A. Re-Filing of Chapter 11 Petition On Jan. 30, 2023, a panel of the Third Circuit issued an opinion directing this Court to dismiss the 2021 Chapter 11 Case on the basis that it was not filed in good faith. Although the Third Circuit panel recognized that the Debtor "inherited massive liabilities" and faced "thousands" of future claims, it concluded that the Debtor was not in financial distress before the filing. On March 22, 2023, the Third Circuit entered an order denying the Debtor's petition for rehearing. The Third Circuit entered an order denying LTL's stay motion on March 31, 2023, and, on the dame day,issued its mandate directing the Bankruptcy Court to dismiss the 2021 Chapter 11 Case. The Bankruptcy Court entered an order dismissing the 2021 Case on April 4, 2023. Johnson & Johnson on April 4, 2023, announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America. In the new filing, J&J said it has agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL also has secured commitments from over 60,000 current claimants to support a global resolution on these terms. In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that the second bankruptcy case should be dismissed. 3rd Try In May 2024, J&J announced its subsidiary LLT Management LLC is soliciting support for a consensual prepackaged bankruptcy plan to resolve its talc-related liabilities. Under the terms of the plan, a trust would be funded with over $5.4 billion in the first three years and more than $8 billion over the course of 25 years, which J&J calculates to have a net present value of $6.475 billion. If the Plan is accepted by at least 75% of voters, a bankruptcy was to be filed under the case name In re Red River Talc LLC. Epiq Corporate Restructuring, LLC is serving as balloting and solicitation agent for LLT. On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP and Jones Day serve as counsel in the new Chapter 11 case. Epiq is the claims agent. Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting Counsel. Randi S. Ellis is the proposed prepetition legal representative of future claimants. RELIZ LTD: Bankruptcy Stay Blocks Suit Targeting 3 Executives ------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that a U.S. bankruptcy judge in Delaware granted BlockFills a temporary injunction, blocking a lawsuit launched by creditors who accused the crypto firm and three executives of mishandling customer assets. The order comes as BlockFills pursues Chapter 11 bankruptcy protection, effectively pausing litigation that could otherwise proceed simultaneously with its restructuring. BlockFills sought bankruptcy after a period of market volatility and internal financial stress that included freezing customer withdrawals and significant liquidity shortfalls. The lawsuit, filed by institutional creditors, claims that customer funds were improperly commingled and misapplied by the company and certain executives, triggering serious concerns about fiduciary duties and asset segregation, the report states. The temporary stay ensures that the Chapter 11 process — which centralizes creditor claims and establishes an orderly framework for addressing creditor rights — takes priority over separate litigation. BlockFills' counsel argued that allowing the case to go forward could undermine efforts to maximize recoveries for all stakeholders, and the judge sided with that reasoning, according to Law360. About Reliz Ltd. Reliz Ltd., operating under the name BlockFills, is a Chicago-based provider of institutional digital asset trading and prime brokerage services. Reliz Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10375) on March 15, 2026. In its petition, the Debtor reports estimated assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Thomas M. Horan hanles the case. The Debtor is represented by David R. Hurst, Esq. of Mcdermott Will & Schulte LLP. RELIZ TECHNOLOGY: U.S. Trustee Appoints Creditors' Committee ------------------------------------------------------------ The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Reliz Technology Group Holdings, Inc. The committee members are: 1. SBI VC Trade Co., Ltd. Izumi Garden Tower 19F 1-6-1 Roppongi, Minato-ku Tokyo, 106-6019 Japan Phone: +81-3-6299-1166 Email: dl.biz.marketoperations@sbivc.co.jp 2. Dominion Capital LLC Attn: Mikhail Gurevich 256 West 38th Street, 15th Floor New York, NY 10018 Phone: (203) 293-8313 Email: mikhail@domcapllc.com 3. Karol Przybytkowski 4. Jeffrey Brandt 5. Tod Skarecky 6. Energy Conversion Group Attn: Benjamin Stroh 401 Main Street Suite 218 Cedar Falls, IA 50613 Phone: (319) 504-1616 Email: ben@strohholdings.com 7. Fuel Labs Inc. Attn: Mo Yang Craigmuir Chambers, Town Road Tortola VG1110 British Virgin Islands Phone: (416) 668-3812 Email: mo.yang@fuel.sh Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RESULTS STAFFING: Hires Morris Palerm LLC as Bankruptcy Counsel --------------------------------------------------------------- Results Staffing Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Morris Palerm, LLC as attorney. The firm's services include legal advice regarding the administration of the Debtor's Chapter 11 case, negotiating a consent plan for payment of the commercial lease arrears, and the filing of a plan of reorganization. Morris Palerm will bill $350 per hour for the services of Terry E. Morris, Esq., primary attorney, $100 per hour for legal assistants and paralegals. The firm received an initial retainer payment of $6,738. Mr. Morris 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: Terry E. Morris, Esq. Morris Palerm, LLC 804 Pershing Drive, Suite 207 Silver Spring, MD, 20910 Tel: (301) 424-6290 Fax: (301) 424-6294 Email: tmorris@morrispalerm.com About Results Staffing Solutions, LLC Results Staffing Solutions, LLC is a Maryland-based staffing and workforce solutions company providing temporary and permanent placement services across various industries. Results Staffing Solutions, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-11382) on February 9, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $1 million and estimated liabilities of up to $100,000. The Debtor is represented by Terry E. Morris, Esq., of Morris Palerm, LLC. S EASTERN BLVD: Seeks to Hire Great Neck Realty Company as Broker ----------------------------------------------------------------- S Eastern Blvd Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Great Neck Realty Company of North Carolina, LLC as broker. The firm will market and sell the Debtor's property located at 803 S. Eastern Blvd, Fayetteville, NC 28301. The firm will receive a commission of up to 6 percent of the gross sales price, reimbursement of reasonable out-of-pocket expenses, and reimbursement of marketing expenses not to exceed $10,000, all to be paid at closing. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert J. Tramantano Great Neck Realty Company of North Carolina, LLC 1500 W. Main Street P.O. Box 609 Carrboro, NC 27510 Tel: (516) 902-9568 Email: rtramantano@greatneckrealtyco.com About S Eastern Blvd Investments LLC S Eastern Blvd Investments, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00578) on February 6, 2026, with between $1 million and $10 million in both assets and liabilities. Judge David M. Warren oversees the case. Joseph Zachary Frost, Esq., at Buckmiller & Frost, PLLC represents the Debtor as counsel. SALT AND LIME: Hires Parker Schwartz PLLC as Bankruptcy Counsel --------------------------------------------------------------- Salt and Lime 44 LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Parker Schwartz, PLLC, as counsel. The Debtor will require counsel to appear before this Court, to negotiate, and formulate a plan of reorganization, and to perform such other and further legal services as will become necessary in the course of these proceedings. The firm's current rates are: Lawrence D. Hirsch, Attorney $550 per hour Jared G. Parker, Attorney $550 per hour Iva S. Hirsch, Attorney $400 per hour Byron H. Forrester, Attorney $350 per hour Elisabeth Maron, Paralegal $165 per hour The retainer for the filing of the Subchapter V Chapter 11 is $16,504.50. Parker Schwartz, PLLC is not an "interested person" within the meaning of that term as used in 11 U.S.C. Sec. 327(a) and as defined in 11 U.S.C. Sec. 101(14). The firm can be reached through: Lawrence D. Hirsch, Esq. Parker Schwartz, PLLC 7310 N 16th Street, Suite 330 Phoenix, AZ 85020 Tel: (602) 282-0478 About Salt and Lime 44 LLC Salt and Lime 44 LLC operating a Salt + Lime Modern Mexican Grill at 44th Street, 5031 N 44th Street Phoenix, AZ 85018 in Phoenix, Arizona, Salt and Lime 44, LLC delivers modern Mexican dining with offerings such as tacos, barbacoa, enchiladas, tamales, and handcrafted beverages. Founded to manage this Arcadia neighborhood location, the company provides lunch, dinner, weekend brunch, and happy hour service in a lively, casual atmosphere, positioning the restaurant as both a culinary destination and a social gathering point within the Phoenix metropolitan area. Salt and Lime 44 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-02478) on February 26, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. The Debtor is represented by Lawrence D. Hirsch, Esq. of PARKER SCHWARTZ, PLLC. SANCHO LOCO: Unsecureds Will Get 17.03% of Claims over 60 Months ---------------------------------------------------------------- Sancho Loco, Inc., filed with the U.S. Bankruptcy Court for the Central District of California a Plan of Reorganization dated March 20, 2026. The Debtor was formed for the purpose of operating a restaurant in Newbury, CA. Joe Escobar is the sole shareholder and officer of the Debtor. The Debtor continues to operate a restaurant business and was generally cash flow positive until March 2020. However, the business experienced a significant slowdown due to the Covid-19 pandemic and the resulting shutdown. During this period, the Debtor had to obtain loans to maintain operations. As the Debtor's financial condition continued to deteriorate, and as it continued to provide financial support to Sancho Vida, the Debtor was no longer able to obtain traditional financing. As such, the Debtor was forced to turn to merchant cash advances ("MCA") as they could provide fast easy funds that could "ease" the cash flow issues and also relied on credit cards to pay the monthly expenses. Postpetition, the Debtor has struggled financially due to (1) lower than average sales in January and February; and (2) revenue from sales being held by its 3rd party platforms, such as DoorDash, GrubHub, UberEats, and Stripe, as a result of prepetition liens. However, the Debtor expeditiously resolved the issues with the liens, and all those funds held have been released. The Debtor filed this case prior to entering what is historically the lowest sales period in January and February. As previously stated, the sales during this period were lower than average and it has struggled to build working capital during the early part of the case. However, the Debtor is for the most part paying its bills as they come due and is now entering its highest sales period (March through June). The Debtor is also developing corporate catering services as a new revenue stream, targeting local businesses and organizations for group orders and events. This initiative is expected to provide higher ticket sales opportunities and more consistent volume. On the cost management side, the Debtor will begin sourcing supplies from Restaurant Depot to reduce input costs and improve overall margins. This change is part of a broader effort to operate more efficiently without compromising quality. Lastly, the Debtor is modestly increasing prices of $0.30 to approximately 90% of menu items. This increase is intended to help offset rising costs while remaining competitive in the market. The Debtor believes that these efforts collectively reflect a proactive approach to growing sales, improving profitability, and positioning the business for sustained success. Class 3 consists of General Unsecured Claims. In the present case, the Debtor estimates that general unsecured debts total approximately $633,057.09. The Debtor will pay general unsecured creditors, on a pro rata basis, as follows, beginning on the first day of the first month following the Effective Date: Months 1-8: $100/month Months 9-32: $500/month Months 33-44: $2,000/month Months 45-59: $4,000/month Month 60: $11,000 This is estimated to pay approximately $107,000 in total or 17.03% of each claim. This class includes the unsecured portion of (1) the SBA claim, rendered partially unsecured due to the value of the Debtor's assets, (2) the Blade Funding Corp. claim, rendered fully unsecured due to the amounts owed to the SBA, and (3) the Direct Merchant Funding LLC claim due to the amounts owed to the senior lienholders. Class 4 consists of Interest Holders. The Debtor's owner will retain his ownership interest in the Debtor. The Debtor will fund the Plan from the operation of its business, and the funds that it has/will have accumulated in its DIP bank accounts. The revenue and operating expenses set forth in the Projections are based on historical amounts and adjusted for growth/inflation, but they also incorporate the historical cyclical trends of the business during the calendar year, specifically: January, February, August, and September are slow; July, October, November, and December are typically average sales months; and March, April, May, and June are typically above average sales months. A full-text copy of the Plan of Reorganization dated March 20, 2026 is available at https://urlcurt.com/u?l=MuYODr from PacerMonitor.com at no charge. Counsel to the Debtor: Roksana D. Moradi-Brovia, Esq. RHM LAW LLP 17609 Ventura Blvd., Suite 314 Encino, CA 91316 Telephone: (818) 285-0100 Facsimile: (818) 855-7013 Email: roksana@RHMFirm.com About Sancho Loco Inc. Sancho Loco, Inc., was formed for the purpose of operating a restaurant in Newbury, CA. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-11740) on Dec. 22, 2025, listing up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Ronald A. Clifford III presides over the case. Matthew D. Resnik, at Rhm Law LLP, is the Debtor's bankruptcy counsel. SANDY PINES: Hires Bernstein Shur Sawyer as Bankruptcy Counsel -------------------------------------------------------------- Sandy Pines, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maine to hire Bernstein, Shur, Sawyer & Nelson, P.A. to serve as general bankruptcy counsel. BSSN will provide these services: (a) advising the Debtor with regard to the requirements of the Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules, Local Rules, and the Office of the United States Trustee, as they pertain to the Debtor; (b) advising the Debtor with regard to certain rights and remedies of the bankruptcy estate and rights, claims, and interests of creditors and bringing such claims as the Debtor, in its business judgment, decides to pursue; (c) representing the Debtor in any proceeding or hearing in the Bankruptcy Court involving the estate; (d) conducting examinations of witnesses, claimants, or adverse parties, and representing the Debtor in any adversary proceeding (except to the extent any such adversary proceeding is outside of BSSN's expertise); (e) reviewing and analyzing various claims of the Debtor's creditors and treatment of such claims and preparing, filing, or prosecuting any objections thereto or initiating appropriate proceedings regarding leases or contracts to be rejected or assumed; (f) preparing and assisting the Debtor with the preparation of reports, applications, pleadings, motions, and orders, including applications to employ professionals, interim statements and operating reports, initial filing requirements, schedules and statements of financial affairs, cash collateral motion papers, and motions with respect to the Debtor's use of estate property; (g) assisting the Debtor in the analysis, formulation, negotiation, and preparation of all necessary documentation relating to the sale of the Debtor's assets; (h) assisting the Debtor in the negotiation, formulation, preparation, and confirmation of a plan; and (i) performing any other services that may be appropriate in BSSN's representation of the Debtor as general bankruptcy counsel in the case. The firm will be paid at these 2026 hourly rates: D. Sam Anderson Attorney (Shareholder) $665 Adam R. Prescott Attorney (Shareholder) $545 Emma E. Bond Attorney (Senior Counsel) $400 Kenny Laughton Attorney (Associate) $320 Laura Unfricth Paralegal $235 Katherine Flynn Paralegal (Trainee) $180 BSSN is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Adam R. Prescott, Esq. D. Sam Anderson, Esq. BERNSTEIN, SHUR, SAWYER & NELSON, P.A. 100 Middle Street, PO Box 9729 Portland, ME 04104 Telephone: (207) 774-1200 Facsimile: (207) 774-1127 E-mail: aprescott@bernsteinshur.com sanderson@bernsteinshur.com About Sandy Pines Sandy Pines, LLC, operates Sandy Pines Campground, a seasonal resort-style campground in Kennebunkport, Maine, offering cottage rentals, glamping accommodations and RV sites. Sandy Pines sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20038) on Feb. 24, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities in the same range. Bankruptcy Judge Michael A. Fagone handles the case. The Debtor is represented by D. Sam Anderson, Esq., and Adam R. Prescott, Esq., of Bernstein Shur Sawyer & Nelson. SANTA PAULA HAY: Hires Gregory J. Ramirez as Special Counsel ------------------------------------------------------------ Santa Paula Hay & Grain and Ranches seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Law Offices of Gregory J. Ramirez as special litigation counsel. The firm will represent the Debtor in these litigation: a. advise, consult and prosecute a lawsuit against the Kern-Tulare Water District; b. advise, consult and prosecute the lawsuit Guadalupe A. Guzman v. State of California Department of Transportation, styled Case No. 2024CUE1019065. The counsel will charge $550 per hour for its services. As disclosed in the court filings, Law Offices of Gregory J. Ramirez does not hold or represent an interest adverse to the bankruptcy estate and is disinterested within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Gregory J. Ramirez, Esq. Law Offices of Gregory J. Ramirez 950 Country Square Dr., Suite 105 Ventura, CA 93003 Phone: (805) 535-8511 About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SANTA PAULA HAY: Hires Gwyn Goodman Realty as Real Estate Broker ---------------------------------------------------------------- Santa Paula Hay & Grain and Ranches filed a renewed application seeking approval from the U.S. Bankruptcy Court for the Central District of California to employ Gwyn Goodman Realty, Inc. as real estate broker. The firm will market and sell the Debtor's properties commonly known as 4104 Wheeler Canyon Rd., Santa Paula, CA, Grimes Canyon Road, Moorpark, CA, 134 acres located at the corner of Los Angeles Ave. and Balcom Canyon Road, and Hampton Canyon. The firm will be paid a commission of 2.5 percent of the gross sales price. Gwyn Goodman Realty is disinterested within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Gwyn Goodman Gwyn Goodman Realty, Inc. 8106 Posita Avenue Somis, CA 93066 Phone: (805) 987-6695 Phone: (805) 443-5650 About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SANTA PAULA HAY: Hires LIV Sotheby's as Real Estate Broker ---------------------------------------------------------- Santa Paula Hay & Grain and Ranches filed a renewed application seeking approval from the U.S. Bankruptcy Court for the Central District of California to employ LIV Sotheby's International Realty as real estate broker. The firm will market and sell the Debtor's real properties commonly known as 10980 Ventura Ave., Oak View, California; 12400 Ojai Santa Paula St., Ojai, California; 12400 Ojai Santa Paula St., Ojai, California; and 12400 Ojai Santa Paula St., Ojai, California. The firm will be paid a commission of 2.5 percent of the gross sales price. Erik Wilde, a broker at LIV Sotheby's International Realty, assured the court that the firm is disinterested within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Erik Wilde LIV Sotheby's International Realty 727 West Ojai Ave. Ojai, CA 93023 Phone: (805) 646-7288 About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SC SJ HOLDINGS: Transfer, Dismissal of Brightspire Cases Affirmed ----------------------------------------------------------------- In the appeals styled SJ SC HOLDINGS, LLC, and NEX SJ, LLC, Appellants, v. BRIGHTSPIRE CREDIT 1, LLC, Appellee, Case No. 25-cv-00150-MN (D. Del.); SJ SC HOLDINGS, LLC, Appellants, v. BRIGHTSPIRE CREDIT 1, LLC, Appellee, Case No. 25-cv-00151-MN (D. Del.); and NEX SJ, LLC, Appellant, v. BRIGHTSPIRE CREDIT 1, LLC, Appellee, Case No. 25-cv-00176-MN (D. Del.), Judge Maryellen Noreika of the U.S. District Court for the District of Delaware affirmed the the Transfer Order and Dismissal Order issued by the U.S. Bankruptcy Court for the District of Delaware. SC SJ Holdings, LLC ("SC SJ"), together with certain affiliates, filed Chapter 11 cases in 2021 and eventually confirmed a plan of reorganization. In re SC SJ Holdings LLC, et al., Case No. 21-10549 (JTD) ("the First Bankruptcy Case"). In 2024, SC SJ and NEX SJ, LLC ("NEX" and together with SC SJ, "the Debtors") filed Chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of California ("the California Court") (Case Nos. 24-51683-SLJ and 24-51685 SLJ) ("the 2024 Cases"). Pending before the District Court are three separate notices of appeal filed by the Debtors with respect to a series of orders issued by the Bankruptcy Court in the cases, which were entered for the reasons set forth in its January 30, 2025 decision ("the Memorandum Opinion"). By its Order dated February 4, 2025 ("the Transfer Order"), the Bankruptcy Court granted the motion of appellee Brightspire Credit 1, LLC ("the Lender") and transferred the two 2024 Cases to the District of Delaware, pursuant to Federal Rule of Bankruptcy Procedure 1014(b) and 28 U.S.C. Sec. 1412. Pursuant to its February 11, 2025 Order Dismissing Bad Faith Chapter 11 Cases ("the Dismissal Order"), the Bankruptcy Court dismissed the 2024 Cases as having been filed in bad faith for the purpose of modifying the plan confirmed in the First Bankruptcy Case. Relevant to the appeals, Lender asserts that the Plan, the Confirmation Order, and the Loan Documents executed pursuant to and incorporated by reference into the Confirmation Order, modified the terms of repayment of the Prepetition Secured Loan (as modified by the Plan, Confirmation Order, and the Amended & Restated Loan Agreement and other amended and restated loan documents executed pursuant to the Plan and Confirmation Order, "the Plan Loan"). Debtors, on the other hand, argue that the Prepetition Secured Loan was deemed to have been satisfied under the Plan, so the Debtors' obligations at the time of the filing of the 2024 Cases were owed under entirely new post-confirmation debt not governed by the Plan. The Debtors objected to transfer of the 2024 Cases, arguing that Rule 1014(b) was not triggered because the First Bankruptcy Case was fully administered and should be closed. Alternatively, the Debtors argued that even if Bankruptcy Rule 1014(b) applied, the Bankruptcy Court should decline to transfer the 2024 Cases because: (1) the interests of justice favor allowing the Debtors to proceed in their chosen forum; and (2) the debt to be restructured in the 2024 Cases is new debt not governed by the Plan. The Bankruptcy Court disagreed, based on the documentary evidence which demonstrated that the Plan Loan is not new debt but is a modification of the Prepetition Secured Loan that is governed by the Plan, and the case is not yet ripe for a final decree. It further held that the interests of justice favored the transfer of the 2024 Cases to the Bankruptcy Court. The threshold issue presented by Debtors' opposition to Lender's Motion to Dismiss -- whether the debt to be restructured in the 2024 Cases was governed by the Plan -- required the interpretation of the Plan and the Bankruptcy Court's Confirmation Order. Unlike the California Court, the Bankruptcy Court was familiar with the First Bankruptcy Case, the Hotel, and the parties' rights under the Plan and the Confirmation Order. The Bankruptcy Court had expressly retained jurisdiction to, inter alia, interpret and enforce the Confirmation Order and the Plan. Therefore, the District Court concludes the Bankruptcy Court did not abuse its discretion in transferring the 2024 Cases. Lenders argued that the 2024 Cases were filed in bad faith because they were filed for the sole purpose of modifying the Plan in violation of Section 1127(b). Section 1127(b) prohibits the modification of a plan once it has been substantially consummated. Debtors argued that the 2024 Cases were distinguishable because (1) the debt they were seeking to restructure was not governed by the Plan but was rather entirely new post-confirmation debt; and (2) even assuming that the Bankruptcy Court found the Debtors were seeking to modify the Plan through the 2024 Cases, there were unforeseen changed circumstances that warranted modification, so the 2024 Cases were filed in good faith. The Court agrees with the Lender that the Plan Loan was clearly incorporated into the Plan and Confirmation Order, regardless of whether it is a "new loan" or an "Amended & Restated Loan." Either way, the Plan Loan is governed by the Plan. Debtors argue on appeal that the Bankruptcy Court erred by ignoring "substantial evidence" that the Plan Loan was "new debt" not governed by the Plan. The District Court finds Debtors have not shown any error in the Bankruptcy Court's determinations that Plan Loan is debt that was restructured in the First Bankruptcy Case and therefore subject to the Plan," and that the 2024 Cases, which Debtors have stated was filed for the purpose of restructuring the Plan Loan, would have the effect of modifying the substantially consummated Plan, contrary to the provisions of section 1127(b) of the Bankruptcy Code. Debtors argue that the Bankruptcy Court abused its discretion in transferring and dismissing the 2024 Cases based on improper evidentiary rulings and findings. The Debtors argue that the Bankruptcy Court erred in dismissing the 2024 Cases in light of substantial evidence that those cases were filed in good faith. Specifically, Debtors argue that the Bankruptcy Court ignored their argument that, if they were precluded from restructuring the debt in the 2024 Cases, they were nonetheless permitted to pursue a liquidation in the California Courts. According to the District Court, the alternative purpose of liquidation does not assist the Debtors in establishing their good faith in filing the 2024 Cases. The Plan Loan was due and payable upon acceleration for failure to pay interest when due in June of 2024 and, even without acceleration, fully matured November 8, 2024. Under the Plan and Loan Documents, incorporated by reference into the Confirmation Order, Lender was provided with a remedy: foreclosure under state law. The 2024 Cases blocked the exercise of that remedy, which violated Section 1127(b). The District Court finds dismissal was appropriate here, where the 2024 Cases had already imposed months of delay, and conversion would have increased the delay. In any event, Debtors offer nothing to show that the Bankruptcy Court abused its discretion in dismissing the cases rather than converting them to cases under Chapter 7. A copy of the Court's Memorandum Opinion dated March 17, 2026, is available at http://urlcurt.com/u?l=w4yz53from PacerMonitor.com. Counsel to appellants, SC SJ Holdings, LLC and NEX SJ, LLC: Jeffrey S. Cianciulli, Esq. WEIR LLP 1204 N. King Street Wilmington, DE 19801 Telephone: (302) 652-8181 Email: jcianciulli@weirlawllp.com Counsel to appellee, Brightspire Credit 1, LLC: Derek C. Abbot, Esq. Brianna N.V. Turner, Esq. MORRIS, NICHOLS, ARSHT & TUNNELL LLP 1201 North Market Street, 16th Floor PO Box 1347 Wilmington, DE 19899-1347 Telephone: (302) 658-9200 Email: dabbott@morrisnichols.com bturner@morrisnichols.com Jeffrey C. Krause, Esq. GIBSON, DUNN & CRUTCHER LLP 333 South Grand Avenue Los Angeles, CA 90071-3197 Telephone: (213) 229-7000 Email: jkrause@gibsondunn.com About SC SJ Holdings and FMT SJ San Ramon, California-based Eagle Canyon Management's SC SJ Holdings LLC owns The Fairmont San Jose, an 805-room luxury hotel located at 170 South Market St., San Jose, Calif. The hotel is near many of the largest Fortune 1000 corporations and is a popular location for conferences and conventions, particularly in the technology industry. On March 5, 2021, SC SJ Holdings' affiliate, FMT SJ LLC, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 21-10521). On March 10, 2021, SC SJ Holdings sought Chapter 11 protection (Bankr. D. Del. Case No. 21-10549). The cases are jointly administered under Case No. 21-10549. At the time of the filing, SC SJ Holdings disclosed assets of between $100 million and $500 million and liabilities of the same range. FMT SJ estimated assets of between $500,000 and $1 million and liabilities of between $100 million and $500 million. Judge John T. Dorsey is assigned to the case. The Debtors tapped Pillsbury Winthrop Shaw Pittman, LLP, as their bankruptcy counsel, Cole Schotz P.C. as local counsel, and Verity LLC as financial advisor. Stretto is the claims agent and administrative advisor. 2nd Attempt SC SJ Holdings LLC sought protection for the second time under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 24-51685) on November 5, 2024. In its petition, the Debtor reports assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Stephen L. Johnson handles the case. The Debtor is represented by James Edward Till of Till Law Group. SENIOR CARE: Court Narrows Claims in Granite, et al., Suit ---------------------------------------------------------- Senior Judge Jane J. Boyle of the U.S. District Court for the Northern District of Texas granted in part and denied in part the motion to dismiss filed by Granite Master Partners, L.P. and other defendants in the case captioned as ALAN D. HALPERIN, solely in his capacity as Unsecured Creditor Trustee for Senior Care Centers, LLC, et al., Plaintiff, v. GRANITE MASTER PARTNERS, L.P., et al., Defendants, Case No. 3:25-cv-01091-B (N.D. Tex.). Plaintiff Alan D. Halperin (the "Trustee") brought this action in his capacity as an unsecured creditor trustee in a related bankruptcy proceeding. He seeks to recover money that was originally held by the bankruptcy debtor but, as a result of multiple transfers, is now allegedly held by Defendants. On December 4, 2018, a skilled-nursing-home operator known as Senior Care Centers, LLC and its affiliates (collectively, "SCC") filed for Chapter 11 bankruptcy. By that point, it had already been insolvent for at least four years. Nevertheless, in those four years, SCC allegedly transferred more than $90 million to a privately held real estate fund known as Granite Investment Group ("Granite"). Just within two years after SCC filed for bankruptcy, on December 3, 2020, the Trustee brought a fraudulent transfer avoidance action under 11 U.S.C. Sec. 544, seeking to "avoid" and recover those initial transfers from SCC to Granite. The Trustee obtained a judgment (the "avoidance judgment") against Granite on May 3, 2024, thereby "avoiding" those transfers. But the money was no longer in Granite's hands. Granite had allegedly transferred those funds to Defendants -- all of whom were investors in Granite or in Granite's syndicated investments. On May 2, 2025, predicated on the avoidance judgment, the Trustee brought this recovery action under 11 U.S.C. Sec. 550(a) and the Texas Uniform Fraudulent Transfers Act ("TUFTA"). Defendants filed their Motion to Dismiss in late July 2025. Defendants argue first that the Court lacks jurisdiction over the Deceased Defendants. All other Defendants then argue that the Trustee fails to state a claim because his recovery action is time-barred. Defendants claim that, because the Trustee brought the present Sec. 550 recovery action more than two years after SCC filed its bankruptcy petition, Sec. 546(a) -- the statute of limitations for avoidance actions -- bars the recovery action. The Court declines to apply Sec. 546(a), the statute of limitations for avoidance actions, to this recovery action. This action is instead subject to its own statute of limitations, Sec. 550(f), which required the Trustee to file this action within one year of avoidance. The Trustee obtained an avoidance judgment, thereby "avoiding" the initial transfer to Granite, on May 3, 2024. The Trustee then brought the present recovery action within one year of the avoidance judgment, on May 2, 2025. Thus, applying the proper statute of limitations, the Court finds that this recovery action is timely. The Court dismisses all claims against the ten defendants who predeceased this case's filing the "Deceased Defendants") for lack of subject-matter jurisdiction. All other claims will proceed. A copy of the Court's Memorandum Opinion and Order dated March 17, 2026, is available at https://urlcurt.com/u?l=DgIhWF from PacerMonitor.com. About Abri Health Care Services Founded in 2009, Abri Health Care Services, LLC -- https://abrihealthcare.com/ -- offers skilled nursing services, short-term rehabilitation, long-term care, and assisted living in over 22 locations across Texas. Abri Health Care Services and subsidiary Senior Care Centers LLC, sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 21-30700) on April 16, 2021. In the petition signed by CEO Kevin O'Halloran, Abri Health Care Services disclosed total assets of up to $50 million and total liabilities of up to $10 million. The cases are handled by Judge Stacey G. Jernigan. The Debtors tapped Polsinelli, PC as legal counsel and CliftonLarsonAllen, LLP as accountant and tax consultant. * * * The Bankruptcy Court on October 26, 2021, entered an order confirming the Debtors' Second Amended Subchapter V Plan of Reorganization. SHELLE REALTY: Trustee Taps Harris Beach Murtha Cullina as Counsel ------------------------------------------------------------------ Mark G. DeGiacomo, Chapter 11 Trustee of Shelle Realty, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire the law firm of Harris Beach Murtha Cullina PLLC as his counsel. The firm will render these services: a. prepare all necessary pleadings associated with the liquidation and recovery of estate assets; b. represent the Trustee at all Court proceedings; c. assist the Trustee in the investigation of fraudulent transfers and insider and non-insider preferences; and d. perform such other legal services as may be required in the interest of creditors of the Debtor. The firm will not ask for a retainer in this case. Harris Beach does not represent or hold an interest adverse to the Debtors' estates with respect to the matters on which they are to be employed, according to court filings. The firm can be reached through: Mark G. DeGiacomo, Esq. Harris Beach Murtha Cullina PLLC 33 Arch Street, 12th Floor Boston, MA 02110 Tel: (617) 457-4000 Fax: (617) 482-3868 Email: mdegiacomo@harrisbeachmurtha.com About Shelle Realty, LLC Shelle Realty, LLC invests in and manages residential properties with a focus on affordable and recovery housing across multiple states. Shelle Realty, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 25-12293-CJP) on October 24, 2025. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Christoper J. Panos oversees the case. Ehrhard & Associates, P.C. is Debtor's legal counsel. SILICON VALLEY: NYC Drops FDIC's Claim for Tax Refund ----------------------------------------------------- Sanjay Talwani of Law360 Bankruptcy Authority reports that a D.C. federal court on Friday, March 27, 2026, ruled that it lacks the authority to compel New York City to issue a tax refund claimed by the Federal Deposit Insurance Corp. in its lawsuit over disputed bank-related payments. The decision halts the FDIC's attempt to secure a refund through federal judicial enforcement. The court found that the FDIC's claim falls outside the scope of federal court powers because New York City has sovereign authority over its tax administration. While the agency argued that it was entitled to the refund in connection with managing assets of failed banks, the court noted that such remedies are not enforceable against the city in this forum, the report states. As a result, the FDIC may need to explore alternative avenues to pursue the refund, potentially through local administrative or state proceedings. The ruling highlights the limitations federal agencies face when attempting to challenge municipal financial actions, Law360 reports. About Silicon Valley Bank Silicon Valley Bank was the nation's 16th largest bank and the biggest to fail since the 2008 financial meltdown. During the week of March 6, 2023, Silicon Valley Bank, Santa Clara, CA, experienced a severe "run-on-the-bank." On the morning of March 10, 2023, the California Department of Financial Protection and Innovation seized SVB and placed it under the receivership of the Federal Deposit Insurance Corporation (FDIC). The FDIC on March 13, 2023, disclosed that it transferred all deposits -- both insured and uninsured -- and substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated "bridge bank" in an action designed to protect all depositors of Silicon Valley Bank. SVB Financial Group is a financial services company focusing on the innovation economy, offering financial products and services to clients across the United States and in key international markets. Prior to March 10, 2023, SVB Financial Group owned and operated Silicon Valley Bank, a state-chartered bank. On March 17, 2023, SVB Financial Group sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 23-10367). The Hon. Martin Glenn is the bankruptcy judge. The Debtor had assets of $19,679,000,000 and liabilities of $3,675,000,000 as of Dec. 31, 2022. Centerview Partners LLC is proposed financial advisor, Sullivan & Cromwell LLP proposed legal counsel and Alvarez & Marsal proposed restructuring advisor to SVB Financial Group as debtor-in-possession. Kroll is the claims agent. On June 13, 2023, a collective of depositors of the Silicon Valley Bank (Cayman Islands Branch) filed a petition with the Court seeking an order that SVB Cayman be wound up and liquidators be appointed under the provisions of the Companies Act (2023 Revision) on the grounds that the Company is insolvent. On June 29, 2023, the Grand Court of the Cayman Islands appointed Andrew Childe and Michael Pearson of FFP limited in the Cayman Islands and Niall Ledwidge from Stout in New York, United States as Joint Official Liquidators of SVB Cayman. Liquidators of Silicon Valley Bank (Cayman Islands) filed a Chapter 15 bankruptcy petition (Bankr. S.D.N.Y. Case No. 24-10076) on Jan. 18, 2024. The Liquidators' counsel in the U.S. case is Warren E. Gluck, Esq. at Holland & Knight LLP. SOUTHERN EATS: Seeks Chapter 7 Bankruptcy in Texas -------------------------------------------------- On March 26, 2026, Southern Eats, LLC 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 $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Southern Eats, LLC Southern Eats, LLC is a food service company engaged in restaurant operations, offering prepared meals and dining services. Southern Eats, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41326) on March 26, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. STRUCTURE INDUSTRIES: Retains Cummings & Carroll as Accountant -------------------------------------------------------------- Structure Industries Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to retain Cummings & Carroll, P.C. to serve as accountants. The firm will provide these services: (a) supervise and assist in the summarization of the books of account and posting to the general ledger in order to close the books for the period up to the date of filing of the petition; (b) prepare monthly operating reports; (c) perform such other and further accounting services as may be necessary and requested by the Debtor or its bankruptcy counsel; and (d) prepare open tax returns. Mr. Milazzo estimates monthly fees of $1,000, with a total fee for one year not to exceed $15,000. Payment of post-petition fees and reimbursement of expenses will be administrative professional fees, subject to final review and approval of the Bankruptcy Court. Cummings & Carroll, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Joseph Milazzo, CPA CUMMINGS & CARROLL, P.C. 175 Great Neck Road, Suite 405 Great Neck, NY 11021 About Structure Industries, Inc. Structure Industries, Inc. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70679) on February 18, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Sheryl P. Giugliano presides over the case. Marc A Pergament, Esq. at Weinberg, Gross, & Pergament, LLP represents the Debtor as counsel. SUERTE OCHO: Initiates Chapter 11 Bankruptcy in New York -------------------------------------------------------- On March 23, 2026, Suerte Ocho Cinco Clarkson Group Corp. filed a voluntary petition for relief under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The Debtor reports total debt between $0 and $100,000 owed to an estimated 1–49 creditors. About Suerte Ocho Cinco Clarkson Group Corp. Suerte Ocho Cinco Clarkson Group Corp. is engaged in corporate operations that may include hospitality or related services. Suerte Ocho Cinco Clarkson Group Corp. sought Chapter 11 protection (Bankr. Case No. 26-10613) on March 23, 2026. According to its filing, the company lists estimated assets and liabilities both ranging from $0 to $100,000. Honorable Bankruptcy Judge Philip Bentley handles the case. TOGETHER GOOD: Seeks to Extend Plan Exclusivity to May 19 --------------------------------------------------------- Together Good Deeds IV, LLC, asked the U.S. Bankruptcy Court for the Northern District of Texas to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to May 19 and July 18, 2026, respectively. The Debtor requests a second extension of the exclusive period to file and confirm a plan of reorganization up to and including May 19, and July 18, 2026, respectively. This is an extension of approximately 60 days from the current deadlines and is necessary to allow the Debtor the time to file a confirmable plan to pay its creditors. The Debtor explains that given the current business matters, the company is investigating and analyzing additional options for exiting this Chapter 11 Case. The Debtor will continue to work diligently on a proposed plan. Therefore, the Debtor respectfully requests an extension of the exclusive period to file and confirm a plan of reorganization through May 19, 2026, and July 18, 2026, respectively. The Debtor submits that the requested extension is not sought for delay or to prejudice any party and is of a minimal amount of time necessary to file and confirm its plan. Together Good Deeds IV LLC is represented by: Vickie L. Driver, Esq. Christina W. Stephenson, Esq. Driver Stephenson, PLLC 13155 Noel Road, Ste. 900 Dallas, TX 75240 Telephone: (214) 910-9558 Email: vickie@driversteplaw.com Email: crissie@driversteplaw.com About Together Good Deeds IV LLC Together Good Deeds IV LLC, based in Texas, provides professional architectural, engineering, and related consulting services under NAICS code 5413. Together Good Deeds IV sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-33215) on Aug. 22, 2025. In its petition, the Debtor estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor tapped Vickie L. Driver, Esq., at Driver Stephenson, PLLC as counsel and Andre + Associates PC as accountant. Capitol Indemnity Corporation, as lender, is represented by: Emory G. Allen, Esq. Troy T. Kramer, Esq. CLARK HILL PLC 2600 Dallas Parkway, Suite 600 Frisco, TX 75034 Telephone: 214.651.2185 Facsimile: 469.227.6575 eallen@clarkhill.com tkramer@clarkhill.com U S SKYLINE: Affiliate to Sell Collin Property to Mahmood Verani ---------------------------------------------------------------- U S Skyline and its affiliate, Loan Ranger Capital Investments LLC, sees approval from the U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 7G Wyndsor Pointe, Frisco, Collin, Texas 75034. On November 24, 2025, the Court entered the Order Confirming Creditor's Plan of Reorganization. Loan Ranger has received a contract from Mahmood Verani for $1,050,000. Loan Ranger has determined that the contract should be accepted. The Debtor previously valued the property at $1.500,000. However, Loan Ranger does not believe that this estimate fairly reflects the fair market value of the property. The contract provides for a 3.0% broker's commission and up to $50,000 in buyer expenses. Based upon these expenses, the estate should net at least $968,500.00. Loan Ranger Capital was owed $899,420.35 as of the petition date. With the accrual of post-petition interest and costs, it is unlikely that the sale would satisfy junior creditors. Loan Ranger Capital requests that the Court approve the sale of the property free and clear of liens. About U S Skyline Inc. U S Skyline Inc. is a construction company in Texas. U S Skyline Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-40046) on January 6, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Gary G. Lyon, Esq. represents the Debtor as counsel. UNCLE NEAREST: Appeals Receiver's Victory in Chapter 11 Dismissal ----------------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that the Chapter 11 saga involving Uncle Nearest Inc. took another turn Friday, as attorneys for the debtor appealed a judge's decision to throw out the bankruptcy case on grounds it lacked proper authorization. According to the appeal, the court incorrectly concluded that the filing did not have the necessary corporate backing. The debtor's counsel argues that the decision misapplied legal standards governing authority to file for bankruptcy protection. The ongoing dispute reflects deeper tensions over corporate control and decision-making within the company. The appellate process will now determine whether the bankruptcy case can be reinstated or remains dismissed, the report relays. About Uncle Nearest Uncle Nearest is a whiskey producer. Uncle Nearest sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-30470) on March 17, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Suzanne H. Bauknight handles the case. The Debtor is represented by Kelli Danielle Holmes, Esq. of Tarpy, Cox, Fleishmann, & Leveille, PLLC. VANDERBILT MINERALS: Creditors, Trustee Oppose Jones Day Retention ------------------------------------------------------------------ Alex Wittenberg of Law360 reports that the U.S. Trustee's Office, joined by a group of creditors, is pushing a New York bankruptcy court to deny Vanderbilt Minerals LLC's bid to hire Jones Day, citing concerns over potential conflicts tied to the firm’s prior engagements. In their objections, the parties argue that Jones Day's connections to certain stakeholders could interfere with its duty to provide conflict-free representation. They assert that the firm's relationships may impair its ability to act solely in the best interests of the debtor and its creditors, the report states. The filings call for either rejection of the retention request or stricter scrutiny of the firm's disclosures. The judge must now determine whether the concerns warrant disqualification or whether safeguards can address the issues raised, according to Law360. About Vanderbilt Minerals LLC Vanderbilt Minerals, LLC supplies mineral and chemical products. The Company offers ceramics, clay binders, mineral fillers, floor finishes, paints, concrete, and lubricants. Vanderbilt Minerals serves rubber, plastics, petroleum, paper, pharmaceutical, agricultural, ceramics, adhesives, wire and cable, and cosmetics industries worldwide. Vanderbilt Minerals sought sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-60110 (WAK)) on February 16, 2026) Charles J. Sullivan at Bond, Schoeneck & King, PLLC represents the Debtor as legal counsel. Kurtzman Carson Consultants, LLC (operating as Verita Global, LLC) serves as claims agent. R.T. Vanderbilt Holding Company, Inc. is the sole equity holder, owning 100% of the company. VETERANS EMPOWERING: Fayetteville Property Sale at Auction OK'd --------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina, Fayetteville Division, has permitted Veterans Empowering Veterans Inc. to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located in Cumberland County area, which includes real property and improvements at 2787 E Cramer Dr, Fayetteville, NC and 1.3 acres located in Wade, NC. The Court has authorized the Debtor to sell the Property at public auction, including but not limited to the liens, with the rights of lien creditors being transferred to the proceeds of sale in their respective priority as determined and marshaled by the Court. The Debtor is authorized to pay Johnson Properties, Realtors & Auctioneers, Inc. commissions in accordance with standing rules of the Court. The sale of real property shall be free and clear of all the liens, with the rights of lien creditors being transferred to the proceeds of the sale. No creditor having objected within the time allowed, all creditors, lienholders and interested parties are deemed to have consented to the sale of the real property free and clear of that creditor's interest. In the event sales proceeds are insufficient to pay costs of administration, the counsel for the Debtor is authorized to seek court authority to surcharge lien claimants with costs of administration, including reasonable, necessary costs and expenses of preserving and disposing of such property to the extent of any benefit to the holder of such claim. The Debtor has filed an application with the Court to approve the employment of Johnson Properties, Realtors, and Auctioneers as auctioneer, whose compensation, inclusive all expense including labor and advertising, absent extraordinary circumstances, shall be fixed at a rate not to exceed the following: commission of 10% of the first $25,000.00 and 6% of the balance. In addition, Johnson shall also have the right to seek reimbursement of additional and extraordinary expenses incurred in connection with the sales. The net proceeds, following payment of these costs of sale, shall be remitted to Debtor to be held in the DIP account in support of plan payments and confirmation. About Veterans Empowering Veterans Veterans Empowering Veterans, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-00445) on February 6, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Pamela W. Mcafee presides over the case. J.M. Cook, Esq. at J.M. Cook, P.A. represents the Debtor as legal counsel. WOLKE CHIROPRACTIC: Scott Rever Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Scott Rever, Esq., at Genova Burns, LLC as Subchapter V trustee for Wolke Chiropractic & Rehabilitation, PC. Mr. Rever will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Rever declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott S. Rever, Esq. Genova Burns LLC 110 Allen Rd., Suite 304, Basking Ridge, NJ 07920 Telephone: (973) 387-7801 Email: Rever@genovaburns.com About Wolke Chiropractic & Rehabilitation PC Wolke Chiropractic & Rehabilitation, PC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12831) on March 15, 2026, with $100,001 to $500,000 in assets and liabilities. Judge Stacey L. Meisel presides over the case. Scott J. Goldstein, Esq., at the Law Offices of Wenarsky and Goldstein, LLC represents the Debtor as legal counsel. [] US Lawmakers Seek Crackdown on Bankruptcy Venue Shopping ----------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that two U.S. House lawmakers have unveiled a bill to impose stricter venue requirements for corporate bankruptcy filings, saying the effort is designed to curb forum shopping practices in Chapter 11 cases. The legislation targets what sponsors describe as strategic filings in debtor-friendly courts. The proposal would revise existing rules to ensure that companies file in districts where they have meaningful business connections. According to its backers, the current system enables debtors to exploit venue options by selecting courts that may offer more favorable outcomes. Advocates of the bill say it would enhance fairness by aligning cases with jurisdictions that have a legitimate stake in the proceedings. They argue that such reforms would improve accountability and reduce perceptions of bias in high-profile bankruptcies. If approved, the measure could have wide-ranging implications for how and where companies pursue Chapter 11 protection. The proposal is expected to generate significant discussion among legal and financial professionals, the report states. ********* 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. 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